Preparation for Establishing a Cryptocurrency Exchange

Ebang International Holdings Inc. Establishes a Subsidiary in Singapore in Preparation for Establishing a Cryptocurrency Exchange

we expect to expand our industry chain layout from providing equipment to offering trading services.

we plan to seek the relevant governmental approval and license to operate the cryptocurrency exchange and related business.

However, there is no guarantee that we will receive such approval and license on commercially reasonable terms, or at all, or that we will commence the purposed business as planned, or at all. Shareholders are cautioned not to place undue reliance on this press release.

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