Endexx Corporation Shareholder Update: Strategic Insights and Future Directions

January 5, 2024

Dear Shareholders,

We are grateful for the opportunity to share with you a comprehensive summary of our recent Shareholder Update Meeting held on January 4, 2024. This meeting was a platform for key discussions and featured prominent members of our team, including CEO Todd Davis, HYLA founder and Head of International Sales Eduardo Piscopo, and experienced management consultant and Board member Claude Zdanow.

Highlights from the Meeting:

1. Organizational Changes: CEO Todd Davis provided insights into the recent restructuring within Endexx Corporation, focusing on the strategic acquisition of HYLA. He addressed integration challenges and emphasized our commitment to enhancing operational efficiency and increasing shareholder value.

2. International Market Expansion: Eduardo Piscopo discussed HYLA's growth, particularly in Italy, highlighting the importance of adapting to diverse market needs and operating within varying regulatory landscapes.

3. Regulatory Compliance: We delved into the complex regulatory frameworks in international markets, underscoring our dedication to compliance and the cultivation of robust partnerships to support our growth.

4. Financial Health: The meeting spotlighted our current financial stability, marked by cost-effective management and debt reduction. We acknowledged the ongoing need for fiscal prudence to sustain this positive trend.

5. Addressing Shareholder Concerns: A significant portion of the meeting was devoted to responding to shareholder queries regarding operational strategies and market expansion plans. We are committed to addressing these concerns and enhancing communication for better outcomes.

6. Distribution and Market Penetration: Challenges in expanding our CBD lines and our strategic focus on dynamic segments like HYLA were discussed. We are navigating regulatory hurdles in the U.S. and engaging with significant national distributors.

7. Legal and Operational Efficiency: Recent legal challenges were addressed, alongside our commitment to improving operational efficiencies for the betterment of our stakeholders.

8. Board Insights and Management Commitment: Claude Zdanow, alongside Todd Davis and the management team, shared valuable insights into our strategic direction, reaffirming our commitment to transparency and improved communication with shareholders.

In conclusion, while we celebrate our achievements, we acknowledge there is room for growth. Your continued support is invaluable, and we are confident that through open dialogue and tackling challenges head-on, we will achieve sustainable growth and success.

Sincerely,

Endexx Corporation Team

PS. A link to the meeting is forthcoming.