Abaxx Facilitates Delegation from China City Gas Association to Strengthen Cross-Border Collaboration in Asia’s Natural Gas and Energy Markets

SINGAPORE, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, today announced its facilitation of a high-level delegation from the China City Gas Association (the “CCGA”) to Singapore on August 26-27, 2025.

The delegation held discussions with Enterprise Singapore and the Asia Natural Gas & Energy Association (ANGEA) on opportunities to strengthen cross-border cooperation in the natural gas and energy sectors. Discussions focused on key issues driving sustainability and innovation across Asia's energy markets.

The two-day program highlighted the importance of advancing China-Singapore energy ties and examining market trends in sustainable energy transitions, including adoption of carbon-neutral LNG and biogas integration. As demand for cleaner energy in Asia continues to rise, these discussions underscored the role of public-private partnerships in building resilient energy markets.

The CCGA delegation, which represents China’s leading city gas distributors, engaged with Singapore policymakers and industry leaders to align on:

Strengthening regional market infrastructure and leveraging Singapore’s robust trading ecosystem and infrastructure to facilitate secure and sustainable energy trade.
Knowledge-sharing initiatives and potential partnerships in LNG infrastructure and decarbonization technologies.
Exploring Abaxx Exchange’s solutions for risk management and price discovery within the LNG market.

"The growing demand for cleaner energy solutions presents a complex set of challenges for markets across Asia,” said Abaxx Exchange CEO, Nancy Seah. “By facilitating this delegation, we’re helping to connect key stakeholders and identify practical pathways to enhance market efficiency. Abaxx remains focused on enabling transparent, reliable market signals that support sustainable decision-making in the natural gas and energy sectors."

Mr. Ivan Tan, Director of Trade from Enterprise Singapore, added “Singapore is Asia’s energy trading hub. Energy companies from different parts of the world including from the United States, Europe and China base their trading operations in Singapore to access our talent, trade financing and shipping services, to trade with each other and with counterparties in Asia. Enterprise Singapore is pleased to host China City Gas Association’s visit and we look forward to more LNG and LPG companies setting up in Singapore.”

Asia Natural Gas & Energy Association CEO, Paul Everingham commented “ANGEA is delighted to join Enterprise Singapore in supporting this delegation from the China City Gas Association, hosted by our member company Abaxx Exchange. Gas plays a very important role in the energy transition in China's urban centres."

Mr. Ma Changcheng, Deputy Secretary General of the China City Gas Association, commented: "Singapore’s strengths in LNG and financial markets provide valuable insights for China’s gas sector modernization. We anticipate concrete synergies from this exchange.”

About Abaxx Technologies
Abaxx Technologies is building Smarter Markets: markets empowered by better tools, better benchmarks, and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transition.

In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore Pte. Ltd., the owner of Abaxx Exchange and Abaxx Clearing, and the parent company of wholly owned subsidiary Abaxx Spot Pte. Ltd., the operator of Abaxx Spot.

Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally-cleared, physically-deliverable futures contracts in LNG, carbon, battery materials, and precious metals, meeting the commercial needs of today’s commodity markets and establishing the next generation of global benchmarks.

Abaxx Spot modernizes physical gold trading through a physically-backed gold pool in Singapore. As the first instance of a co-located spot and futures market for gold, Abaxx Spot enables secure electronic transactions, efficient OTC transfers, and is designed to support physical delivery for Abaxx Exchange’s physically-deliverable gold futures contract, providing integrated infrastructure to deliver smarter gold markets.

For more information, visit abaxx.tech | abaxx.exchange | abaxxspot.com | basecarbon.com | smartermarkets.media

For more information about this press release, please contact:

Steve Fray, CFO
Tel: +1 647-490-1590

Media and investor inquiries:

Abaxx Technologies Inc.
Investor Relations Team
Tel: +1 246 271 0082
E-mail: ir@abaxx.tech

Cautionary Statement Regarding Forward-Looking Information

This press release includes certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “believe”, “anticipate”, “estimate”, “project”, “intend”, “expect”, “may”, “will”, “plan”, “should”, “would”, “could”, “target”, “purpose”, “goal”, “objective”, “ongoing”, “potential”, “likely” or the negative thereof or similar expressions.

In particular, this press release contains forward-looking statements including, without limitation, statements regarding the growth of certain energy sectors and the potential benefits and impacts to Abaxx, as well as Abaxx’s role in facilitating the growth and development of energy sectors and market infrastructure. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Such factors impacting forward-looking information include, among others: risks relating to the global economic climate; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx’s products and operations; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions; protection of intellectual property rights; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third- party software license risk; system failure risk; risk of technological change; dependence of technical infrastructure; and changes in the price of commodities, capital market conditions, restriction on labor and international travel and supply chains, and the risk factors identified in the Company’s most recent management discussion and analysis filed on SEDAR+. Abaxx has also assumed that no significant events
occur outside of Abaxx’s normal course of business.

Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release.

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