Fobi AI Provides Corporate Update Regarding FFCTO Revocation Process and Q3 Interim Filings

• Regulatory Status: Fobi AI Inc. is actively working with the British Columbia Securities Commission (BCSC) and TSX Venture Exchange to revoke the Failure to File Cease Trade Order (FFCTO).
• Filings Completed: The company has completed its Q3 2026 interim financial statements, MD&A, and associated certifications for voluntary pre-filing review by the BCSC.
• Objective: The goal is full revocation of the FFCTO to resume trading on the TSXV.
• Management Stance: CEO Rob Anson states management believes a careful, transparent approach is in shareholders' best interests despite significant time and coordination required.
• Context: This follows previous announcements regarding private placement extensions (March 2026) and financing closings (Jan/Feb 2026).

• Trading Status: The news does not confirm the revocation of the FFCTO, only that filings are submitted for review. Trading remains suspended as of May 29, 2026.
• Market Reaction: No immediate price impact is possible due to the cease trade order; shares cannot be bought or sold on the exchange.
• Progress vs. Expectations: The completion of Q3 filings is a necessary step for revocation but represents significant delay given the CTO was issued in November 2024 (18 months prior). This suggests ongoing compliance friction rather than a breakthrough.
• Capital Implications: While financing tranches were closed earlier ($1M total), extensions in March suggest liquidity pressure remains. The current news focuses on regulatory clearance, not new capital raising.
• Risk Profile: High risk of further delays or potential delisting if filings are rejected by the BCSC during review.

• Business Model: Fobi AI operates an Agentic AI Customer Service & Technical Support platform (FIXYR) built on proprietary enterprise LLM infrastructure hosted on Canadian servers.
• Strategy: "Fobi 3.0" framework focuses on Strategy, Technical Architecture, and Execution via a hybrid SaaS-licensing and professional-services model.
• Flagship Project: FIXYR platform claims >20,000 tickets processed with 100% uptime in live deployment (Dec 2025 announcement).
• Financial Claims: Reported FY24 revenue of $2.92M and operational burn reduction of ~82%, targeting cash-flow positive status in 2026.