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Ebang International to Launch New Ebonex Crypto-Linked

SYDNEY, AUSTRALIA, August 5, 2022 (GLOBE NEWSWIRE) — Ebang International Holdings Inc. (Nasdaq: EBON, “company”, “we” or “our”), a global blockchain technology company Australian cryptocurrency exchange platform Ebonex today collaborated with Mastercard to activate a new crypto-linked card. Ebonex enables customers to buy, sell and trade crypto assets. This partnership with his Mastercard will give Ebonex customers the flexibility to use their virtual currency holdings with seamless conversion to fiat currencies accepted by merchants anywhere Mastercard is accepted.

The collaboration makes Ebonex the first Australian cryptocurrency exchange to achieve Principal Member status with Mastercard, allowing it to issue crypto-funded Mastercard payment cards.

Our Chairman and Chief Executive Officer, Dong Hu, commented: This is a great opportunity to expand our market reach and increase our visibility in the payments and financial sector. We look forward to further developing this collaboration and working closely with Mastercard to bring crypto card products to market in the region.

Issue both virtual and physical cards to your customers and see how the cards reward users in the form of digital assets, NFTs, cashback, frequent flyer points, lounge access, online media and music subscriptions. I am planning. ”

Mr Fu continues: He believes that being able to work directly with his Mastercard, a global he leader in payment technology, will facilitate the creation of solutions that enable customers, merchants and businesses to move digital assets through his global Mastercard payment network. I’m here. This is an important milestone and we look forward to seeing Ebonex bridge the gap between traditional finance and cryptocurrencies. ”

About Evan International Holdings

Ebang International Holdings Inc. is a blockchain technology company with strong application-specific integrated circuit (ASIC) chip design capabilities. Years of industry experience and expertise in ASIC chip design have made the company a global Bitcoin mining machine manufacturer with robust access to wafer foundry capabilities.Licensed and registered entities in various jurisdictions , the company plans to launch a professional, convenient and innovative digital asset financial service platform and expand upstream and downstream in the value chain of the blockchain and cryptocurrency industry. For more information, please visit https://ir.ebang.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and defined in the Private Securities Litigation Reform Act of 1995. ‘may’, ‘will’, ‘expect’, ‘predict’, ‘aim’, ‘may’, ‘future’, ‘intend’, ‘plan’ and all forward-looking statements “believe,” “estimate,” “continue,” “likely,” and other statements intended to identify forward-looking statements, although they do not contain these identifying terms. Similar representations of such statements are not historical facts but are based on our current beliefs, plans and expectations and current market and operating conditions. Forward-looking statements involve inherent known and unknown risks, uncertainties and other factors, all of which are difficult to predict, many of which are beyond our control. may cause our actual results, performance and achievements to differ materially from those set forth. Forward-Looking Statements. Further information regarding these and other risks, uncertainties or factors is contained in our filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made only as of the date indicated and we do not make any forward-looking statements, either as a result of new information, future events or otherwise, unless applicable. undertakes no obligation to update or revise information contained in any statement. law.

Investor Information Inquiries

For investor and media inquiries, please contact:

Evan International Holdings Co., Ltd.

Email: ir@ebang.com

Ascent Investor Relations LLC

Ms Tina Xiao

Phone: (917) 609-0333

Email: tina.xiao@ascent-ir.com

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