Binbit Issues Formal Clarification Regarding Alleged Operations in Russia

Binbit hereby issues this formal statement to address and correct inaccurate public reports suggesting that the company has conducted business operations in the Russian Federation. These reports are factually incorrect. Historical Background During its international expansion phase in the early 2010s, Binbit’s legal department was instructed to incorporate local entities in multiple jurisdictions where content distribution might potentially be developed in the future. Within this context, a Russian entity, OOO Binbit Russia, was incorporated in 2013. However: • No agreements were ever executed with Russian mobile network operators. • No licenses or commercial distribution rights were obtained. • No services were launched. • No revenues, profits, or economic activity were generated. • The entity remained inactive throughout its existence. The company was formally dissolved in 2017. Current Position Since 2017, Binbit has had: • No commercial operations in Russia. • No contractual relationships with Russian counterparties. • No revenue derived from Russia. • No corporate presence in the Russian Federation. Any assertion that Binbit has operated or conducted business in Russia is inaccurate and unsupported by factual corporate records. Compliance Commitment Binbit maintains strict internal compliance standards and is committed to transparency, regulatory adherence, and accurate corporate disclosure. The company reserves the right to request formal corrections from any media outlet or third party disseminating inaccurate information that may cause reputational or commercial harm. For verification or further clarification, authorized parties may contact: corporate @ binbit.com