Universal Digital Announces Appointment of Chief Investment Officer

Vancouver, British Columbia--(Newsfile Corp. - May 9, 2025) -  Universal Digital Inc. (CSE: LFG) (the "Company") is pleased to announce that Mr. Chris Yeung has joined the Company as its Chief Investment Officer and a Director on its Board of Directors. A seasoned blockchain and digital asset entrepreneur, Mr. Yeung brings deep expertise in institutional crypto markets. He was among the first employees at BlockFi, where he established and led its Asian trading business, scaling it into a multi-billion-dollar portfolio. At BlockFi, he played a key role in the institutionalization of digital assets, helping negotiate one of the first Bitcoin EFP trades on the CME in 2019. Mr. Yeung also supported the transformation of Hex Trust from a digital asset custodian into a regulated prime broker. He began his career at Morgan Stanley.

RSU Grants

The Company also announces the grant of 500,000 RSUs to Mr. Yeung pursuant to the Company's long-term incentive plan. The RSUs will vest in eight equal quarterly installments over a two-year period from the date of grant.

"Chris brings an exceptional track record of leadership and innovation in the institutional digital asset space. His experience scaling high-growth platforms and driving adoption across traditional and emerging markets will be a tremendous asset to Universal Digital. We're thrilled to have him join our executive team and Board as we execute on our vision to be a category leader in digital asset investment and infrastructure," said Tim Chan, Chief Executive Officer.

About Universal Digital Inc.

Universal Digital Inc. is a Canadian investment company focused on digital assets, businesses and private and publicly listed entities that are involved in high-growth industries, with a particular focus on blockchain, cryptocurrencies and cryptocurrency technologies. The Company aims to provide shareholders with long-term capital growth through a diversified investment approach, and to participate in the transformation of global finance through the integration of digital asset strategies.

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Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the impact of the new management on the Company's business and operations, the Company's plans to complete the change of business, regulatory approval of the change of business, the expected impacts of the change of business on the Company's business and operations, and the Company's plans following the proposed change of business.

These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: that the new officer appointments may not impact the Company's operations or business as anticipated; the Company may decide not to proceed with the change of business; the Company may not receive regulatory approval for the change of business; the Company may not receive the anticipated results on its business or operations following completion of the change of business; the Company's plans following the change of business may vary; the volatility of the digital asset and cryptocurrency markets; the impact of governmental or regulatory orders or decisions on the digital asset and cryptocurrency sectors; and market volatility for the Company's securities.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the Company will proceed with the change of business; the Company will receive regulatory approval for the change of business; the change of business will benefit the Company's business and operations; and the digital asset and cryptocurrency sectors will continue to see growth.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

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