We have thrilling news to share! As part of our ongoing growth and pursuit of new opportunities, we are spinning off three dynamic entities within Forbole:

• Forbole Ventures is the private investment arm and treasury of our group. It will be led by myself as the Managing Partner of Forbole Ventures.

• Forbole Tech is the company that provides staking and other infrastructure related services. It will also continue the development of Big Dipper, ensuring we remain at the forefront of innovation of web3 toolings. Forbole Tech will be led by Shilin Zheng (CEO), Ravi Soni (CTO) and Linda Chan (COO).

• Desmos Labs will take the lead in commercializing and promoting the use of Desmos and DSM. It will drive forward our vision of decentralized social networks. Desmos Labs will be led by Kwun Yeung (CEO), Riccardo Montagnin (CTO) and Leonardo Bragagnolo (CPO).

By spinning off these entities, we are creating focused teams that can adapt swiftly to market demands, seize opportunities, and deliver unparalleled value to our communities, customers and partners. We are confident that these changes will accelerate our success and enable us to thrive in the web3 landscape.

Stay tuned for more updates as we embark on this exciting journey together. Thank you for your continued support! Best regards,

Terence LamCo-founder of Forbole