Syncracy Entities and Individuals Report 9.8% Ownership in FG Nexus Inc.

Syncracy Fund Management LLC, Syncracy Operational Management LLC, Daniel Cheung, and Ryan Watkins have collectively reported a 9.8% ownership in FG Nexus Inc. through Schedule 13G. Syncracy Fund Management LLC serves as the General Partner of Syncracy Master Fund I, Ltd, which holds the shares. Syncracy Operational Management LLC acts as the investment manager for the Fund. Daniel Cheung and Ryan Watkins, as Managing Members of Syncracy Fund Management LLC, may be deemed to share beneficial ownership of the securities. The reporting entities and individuals disclaim beneficial ownership except to the extent of their pecuniary interest. The filing indicates that the securities were not acquired for the purpose of influencing the control of FG Nexus Inc.