Mr. Steve Fray reports

GUNVOR EXECUTES FIRST ENWEX GERMAN ONSHORE WIND FUTURES BLOCK TRADE ON ABAXX EXCHANGE

Abaxx Technologies Inc. has executed the first Enwex German Onshore Wind futures block trade on Abaxx Exchange with participation from Gunvor International BV on Nov. 17, 2025.

The two parties traded 10 lots of the February, 2026, Enwex German Onshore Wind futures contract at 28.45 euros per hour. The trade was brokered by TP ICAP, with clearing services provided by ADM Investor Services Singapore, KGI Securities and Marex.

"This first trade shows how exchange-listed products can play a useful role in managing the growing exposure to renewable generation risk," said Ronny Bendlin Spur, weather trader at Gunvor International, Amsterdam, Geneva branch. "By completing the first wind futures trade on Abaxx, we've helped demonstrate how standardized exchange products can bring transparency, efficiency and liquidity to the weather derivatives market. As wind and solar continue to shape price dynamics in power markets, the ability to hedge resource-driven volatility will become essential for producers, investors and energy traders alike."

Tim Boyce, head of weather derivatives, Europe, the Middle East and Africa, at TP ICAP, added: "As the world's leading interdealer broker, we proudly leverage our global network and deep expertise to enhance market liquidity. Executing this inaugural trade marks a key milestone, and we look forward to collaborating with all market participants to drive continued growth."

Willy Cahyadi, managing director, ADM investor services, Singapore, stated: "We are proud to clear the first trades on Abaxx's Enwex German Onshore Wind futures on behalf of ADMIS's global client base. As energy markets evolve, we continue to provide the dependable and innovative solutions our clients rely on to manage risk with confidence."

Abaxx Enwex German Onshore Wind futures extend weather derivatives into renewable generation, providing a practical way for market participants to manage the financial impact of wind variability. Listed exclusively as the benchmark for the Enwex German Wind Index, the contract enables producers to hedge volume risk tied to generation output while offering traders and investors a new instrument for expressing views on wind conditions and price dynamics.

The contract is a euro-denominated, financially settled product indexed to Enwex Wind Germany, a forecast-based index that translates wind speed at 100 metres into standardized generation utilization rates, expressed in euros per megawatt-hour.

Abaxx Enwex German Onshore Wind futures are available for trading from 10 a.m. to 12 a.m. Singapore Time (14 hours), Monday to Friday, except for Singaporean public holidays.

About Abaxx Technologies Inc.

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 faced as a society, including the energy transition.

In addition to developing and deploying the next generation of digital market infrastructure that reconciles law, identity and technology to enable real-time collateral mobility, 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 subsidiaries Abaxx Spot Pte. Ltd. and Adaptive Infrastructure.

Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally cleared, physically deliverable futures contracts in liquefied natural gas, 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 and 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.

Adaptive Infrastructure closes critical gaps in posttrade infrastructure by providing a unified custodial foundation across environmental markets and digital title assets. Incorporated in Barbados and regulated by the Financial Services Commission of Barbados, the company delivers institutional-grade custody, settlement and transfer agency services designed to reduce risk and improve reliability across asset classes.

We seek Safe Harbor.