^

Original-Research: Advanced Blockchain AG - from GBC AG

12.11.2024 / 10:01 CET/CEST

Dissemination of a Research, transmitted by EQS News - a service of EQS

Group AG.

The issuer is solely responsible for the content of this research. The

result of this research does not constitute investment advice or an

invitation to conclude certain stock exchange transactions.

---------------------------------------------------------------------------

Classification of GBC AG to Advanced Blockchain AG

Company Name: Advanced Blockchain AG

ISIN: DE000A0M93V6

Reason for the research: Research Report (Note)

Recommendation: Buy

Target price: 7.00 EUR

Target price on sight of: 31.12.2025

Last rating change:

Analyst: Matthias Greiffenberger, Marcel Goldmann

More transparent reporting planned

Under the leadership of the new executive board, consisting of Hatem Elsayed

(COO) and Maik Laske (future CFO), the company is undergoing an exciting

strategic realignment focused on transparency, sustainable growth, and

long-term trust. As part of a comprehensive restructuring, Advanced

Blockchain is currently intensively reviewing its financial and governance

processes to establish a solid and reliable foundation for the years ahead.

The goal is to present consolidated group financial statements based on

audited figures from previous years, thereby strengthening trust among

investors and stakeholders.

Although a complete group half-year financial statement for 2024 cannot be

provided at the annual general meeting on December 4, 2024, due to ongoing

audits of the 2021-2023 fiscal years, the company has already made clear

progress towards more transparent and robust financial reporting. By 2025,

the strategic direction will be further strengthened to establish the

company as a leading player and trusted "go-to partner" in the

cryptocurrency and blockchain technology sectors. This includes increased

participation in investor and industry conferences, as well as a targeted

communication strategy to expand market presence and attract new investors.

A central focus for the management is to create a reliable foundation for

future financial reports. The company plans to present a complete and

audited annual report for 2024 by the first half of 2025, based on adjusted

and verified figures from the 2021-2023 periods. These actions represent a

critical step towards higher compliance and governance standards and are an

essential component of the new strategic direction. The comprehensive review

of financial statements will ensure that future reports meet the highest

standards of transparency and accuracy.

Advanced Blockchain AG plans to strengthen its portfolio management by

sharpening its strategic focus and expanding its existing network to make

promising early-stage investments in innovative cryptocurrency and

blockchain projects. In addition to capital, the company will provide its

portfolio companies with strategic advice and access to a comprehensive

network of experts to maximize their success potential. These investments

are aimed not only at creating long-term growth potential and sustainable

value but also at further establishing the company as a pioneer in

supporting new blockchain initiatives.

Through this approach, Advanced Blockchain AG opens up access to Web3 and

blockchain investments for all, offering innovative, forward-thinking

investment opportunities in the next generation of digital technologies.

To further strengthen its positioning, Advanced Blockchain AG plans to

sustainably increase its visibility with investors and stakeholders through

continued participation in relevant investor and industry events and a

clear, transparent communication strategy. This should help solidify trust

in the company and enhance its attractiveness for future investments.

As part of the publication of the consolidated financial statements and

enhanced transparency for the entire portfolio, we plan to reassess the

portfolio comprehensively, to provide a clear view of additional

investments. With a current valuation of EUR27.87 million, and deducting

holding costs of EUR1.35 million, the company's valuation comes to EUR26.52

million. With 3.79 million shares outstanding, this results in a per-share

value of EUR7.00 (previously EUR17.64). Due to the significant upside potential,

we assign a 'Buy' rating.

You can download the research here: http://www.more-ir.de/d/31267.pdf

Contact for questions:

GBC AG

Halderstraße 27

86150 Augsburg

0821 / 241133 0

research@gbc-ag.de

++++++++++++++++

Offenlegung möglicher Interessenskonflikte nach § 85 WpHG und Art. 20 MAR

Beim oben analysierten Unternehmen ist folgender möglicher

Interessenkonflikt gegeben: (5a,11); Einen Katalog möglicher

Interessenkonflikte finden Sie unter:

http://www.gbc-ag.de/de/Offenlegung

+++++++++++++++

Datum (Uhrzeit) Fertigstellung: 11.11.2024 (14:00)

Datum (Uhrzeit) erste Weitergabe: 12.11.2024 (10:00)

---------------------------------------------------------------------------

The EQS Distribution Services include Regulatory Announcements,

Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com

---------------------------------------------------------------------------

2027151 12.11.2024 CET/CEST

°