Ebang International Holdings Inc. announced the official launch of Ebonex Exchange, the Company's cryptocurrency exchange in Australia, on February 15, 2022. Eligible participants in certain geographical regions will be able to register and trade by visiting the official website on www.ebonex.com.au or by downloading app from the Apple Store or Google Play store at Ebonex. Ebonex Exchange is a digital asset trading platform independently created and developed by the Company's technicians who are senior industry experts.

It is designed to provide global cryptocurrency participants with secure, fast, efficient, and stable trading services in multiple currencies and modes. The Company has launched its Australian operation with the establishment of its Sydney office in 2021. This move is to support the Company's growth initiative within Australia, as well as to demonstrate the management team's ambition and determination of creating long term value in the field of Fintech.

There is no guarantee that the Company's operation of its Ebonex Exchange will improve the Company's financial performance or results of operations. Shareholders are cautioned not to place undue reliance on this press release, or the forward-looking statements contained herein.