Ebang International to Launch New Ebonex Crypto-Linked Payment Cards Powered by Mastercard

SYDNEY, Australia, August 05, 2022 (GLOBE NEWSWIRE) — Ebang International Holdings Inc. (Nasdaq: EBON, the “Company”, “we”, “us” or “our”), a global blockchain technology company, announced today that its Australian cryptocurrency exchange platform, Ebonex, has collaborated with Mastercard to enable a new crypto-linked card. Ebonex allows clients to buy, sell and trade crypto assets. This collaboration with Mastercard will give Ebonex customers the flexibility to spend their crypto anywhere Mastercard is accepted by seamlessly converting it into fiat currency that the merchant accepts.

With this collaboration, Ebonex becomes the first Australian cryptocurrency exchange to gain Mastercard core member status for the issuance of cryptocurrency-funded Mastercard payment cards.

Dong Hu, Chairman and CEO of the company, commented: “As a new cryptocurrency exchange in Australia, we are privileged to have Ebonex gain a Prime Membership with Mastercard to self-issue cryptocurrency-linked Mastercard cards. It is an incredible opportunity for us to expand our market reach and gain recognition in the financial and payments area. We will look to build on this collaboration and work closely with Mastercard to enable a crypto card product in the region.

We plan to issue virtual and physical cards to our customers and have the cards reward users in the form of digital assets, NFTs, cash back, frequent flyer points, lounge access, and online music and media subscriptions.”

Mr. Hu continued: “Joining the Mastercard network will provide us with the opportunity through Ebonex to drive innovation in the crypto and payments space in Australia. We believe the ability to collaborate directly with Mastercard, a global leader in payments technology, will foster the creation of solutions that enable customers, merchants and businesses to move digital assets through Mastercard’s global payments network. This is an important milestone and we look forward to Ebonex becoming the bridge between traditional finance and cryptocurrencies.”

About Ebang International Holdings Inc.

Ebang International Holdings Inc. is a blockchain technology company with strong application-specific integrated circuit (ASIC) chip design capabilities. With years of industry experience and know-how in ASIC chip design, it has become a global producer of bitcoin miners with constant access to wafer-casting capacity. With its entities authorized and registered in various jurisdictions, the Company intends to launch a professional, convenient and innovative digital asset financial services platform to expand in the blockchain and cryptocurrency industry value chain. For more information, please visit https://ir.ebang.com.

Forward-Looking Statement

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These Forward-looking statements include, without limitation, the Company’s development plans and business outlook, which may be identified by terminology such as “may”, “will”, “expects”, “anticipates”, “aims”, “potential” , “future,” “intends,” “plans,” “believes,” “estimates,” “continues,” “likely” and other similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such statements are not historical facts and are based on the Company’s current beliefs, plans and expectations, and current market and operating conditions.Forward-looking statements involve known or unknown inherent risks, uncertainties differences and other factors, all of which are difficult to predict and many of which are beyond the control of the Company, which may cause the actual results, performance and achievements of the Company to differ materially from those contained. in any forward-looking statement. More information about these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made only as of the date indicated, and the Company does not assume any obligation to update or revise the information contained in the forward-looking statements as a result of new information, future events or otherwise, except as required by applicable provisions. law.

Investor Relations Contact

For investor and media inquiries, please contact:

Ebang International Holdings Inc.

Email: [email protected]

Ascent LLC Investor Relations

Ms. Tina Xiao

Phone: (917) 609-0333

Email: [email protected]

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