AB INTL GROUP Announces Repurchase of Common Shares for Cancellation Page 1

NEW YORK, Aug. 26, 2024 (GLOBE NEWSWIRE) — AB International Group Corp. (OTC: ABQQ), an intellectual property (IP) and film investment and licensing company, today announced a repurchase of 50,296,980 shares of its common stock for cancellation. Positive cash flow continues to come from net profitability to enable additional share repurchases in the near future.

On August 21, 2024, AB International Group Corp. (the “Company”) entered into Repurchase Agreements with seven shareholders, all unaffiliated parties of the Company, pursuant to which the Company agreed to repurchase shares of their Common Stock, having a par value of $0.001, representing 50,296,980 shares before cancellation. The price payable by the Company under the Repurchase Agreements is $50,297, which will be funded with cash on hand.