Mr. Young Seung Ko reports

AGEDB TECHNOLOGY ANNOUNCES NEW CHIEF FINANCIAL OFFICER

AGEDB Technology Ltd. has appointed Nicholas Koo, CPA, CA, as its new chief financial officer, effective July 1, 2024. Mr. Koo succeeds Mickey Goldstein, who has decided to step down due to personal reasons.

Mr. Koo brings significant experience to the company, having served in financial reporting roles across various industries, including junior mining, building materials and high technology. As a member of the Chartered Professional Accountants of British Columbia, Mr. Koo started his career at a mid-sized accounting firm, providing accounting, consulting, audit and tax services to publicly traded and private entities. He later gained industry experience at a public company, one of the largest distributors of building materials and home renovation products in North America, with operations across Canada and the western United States.

"We are thrilled to welcome Nicholas Koo to our team," said Young Seung Ko, chief executive officer and director of AGEDB. "Nicholas's extensive experience and proven track record make him the perfect fit for our company as we continue to expand and innovate. I am confident that he will be a tremendous asset to our leadership team. We thank Mickey for her dedicated service and significant contributions to our company. We wish her all the best in her future endeavours."

About AGEDB Technology Ltd.

Founded in 2022, AGEDB is headquartered in Toronto, Ont., and specializes in developing and delivering cutting-edge artificial-intelligence-powered database management system software and technologies. AGEDB's innovative approach integrates AI to simplify complex data structures and derive actionable insights in today's data-driven environment. By leveraging AI, AGEDB transforms traditional data management practices into advanced DBMS solutions tailored to meet modern business needs.

AGEDB deeply engages in the AI business by actively contributing to the Apache Software Foundation, a globally renowned open-source graph database project. The collaboration showcases AGEDB's commitment to advancing AI technologies within the database domain, ensuring broader accessibility and innovation in artificial-intelligence-driven solutions.