Tenet Provides Update on Delayed Filing of Year-End 2024 Financial Results

Rhea-AI Summary

Tenet Fintech Group (PKKFF) has announced a delay in filing its 2024 year-end financial statements, with a revised target date set for the week of July 14, 2025. The delay is attributed to two main factors: the transition of operations in China affecting company revenue and the late start of the audit process impacting resource availability. Additionally, the company revealed plans to relaunch its Cubeler Business Hub platform this summer with improvements to its Networking and Insights modules, prior to US expansion. These enhancements are based on user feedback, and COO Mayco Quiroz will showcase the new features in a video presentation scheduled for June 20, 2025.

Positive

• Planned relaunch of improved Cubeler Business Hub platform before US expansion
• Active incorporation of user feedback for platform improvements

Negative

• Delay in filing 2024 year-end financial statements
• Operational transition in China affecting revenue
• Resource constraints due to late start of audit process

Toronto, Ontario--(Newsfile Corp. - June 13, 2025) - Tenet Fintech Group Inc. (CSE: PKK) (OTCQB: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler® Business Hub, today announced that completing the audit of the Company's year-end 2024 financial statements (the "Financial Statements") would take longer than originally expected, in part due to the transition of the Company's operations in China and the impact on the Company's revenue, and the late start to the audit process affecting the availability of resources. The Company has now set the week of July 14, 2025 as the revised target date to complete the audit and filing of the Financial Statements following a recent meeting with the Company's auditors during which the matter was discussed.

Upcoming Cubeler Business Hub Improvements

Tenet would like to take this opportunity to thank all Cubeler Business Hub users who have provided, and continue to provide, feedback on their experiences with the platform. The information has been extremely valuable to the Company and has led to several improvements, particularly to the Networking and Insights modules, to be reflected in a relaunch of the platform this summer before its expansion to the United States. Tenet Chief Operating Officer, Mayco Quiroz, will be previewing some of the platform's new and improved features in a short recorded video to be released on June 20, 2025.

About Tenet Fintech Group Inc.:

Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytics and AI-based products and services to businesses, capital markets professionals, government agencies and financial institutions either through or leveraging data gathered by the Cubeler® Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members. Please visit our website at: https://www.tenetfintech.com/.

For more information, please contact:

Tenet Fintech Group Inc.
Mayco Quiroz, Chief Operating Officer
514-340-7775 ext.: 510
investors@tenetfintech.com

CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
cathy@chfir.com

Follow Tenet Fintech Group Inc. on social media:
X: @Tenet_Fintech
Facebook: @Tenet
LinkedIn: Tenet
YouTube: Tenet Fintech

Forward-Looking Information

Certain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause actual results, performance or achievements of Tenet to be materially different from the outlook or any future results, performance or achievements implied by such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Important risk factors that could affect the forward-looking statements in this news release include, but are not limited to, holding company with significant operations in China; general economic and business conditions, including factors impacting the Company's business in China such as pandemics and COVID-19; legislative and/or regulatory developments; Global Financial conditions, repatriation of profits or transfer of funds from China to Canada, operations in foreign jurisdictions and possible exposure to corruption, bribery or civil unrest; actions by regulators; uncertainties of investigations, proceedings or other types of claims and litigation; timing and completion of capital programs; liquidity and capital resources, negative operating cash flow and additional funding, dilution from further financing; financial performance and timing of capital; and other risks detailed from time to time in reports filed by Tenet with securities regulators in Canada. Reference should also be made to Management's Discussion and Analysis (MD&A) in Tenet's annual and interim reports, Annual Information Form, filed with Canadian securities regulators and available via the System for Electronic Document Analysis and Retrieval (SEDAR+) under Tenet's profile at www.sedarplus.ca, for a description of major risk factors relating to Tenet. Although Tenet has attempted to identify certain factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements reflect information as of the date on which they are made. The Company assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event the Company does update any forward-looking statement, no inference should be made that the Company will make additional updates with respect to that statement, related matters, or any other forward-looking statement.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255574

FAQ

When will Tenet Fintech (PKKFF) file its 2024 year-end financial statements?

Tenet Fintech plans to file its 2024 year-end financial statements during the week of July 14, 2025.

What is causing the delay in Tenet's financial statement filing?

The delay is due to the transition of operations in China affecting revenue and the late start to the audit process impacting resource availability.

What improvements is Tenet making to the Cubeler Business Hub?

Tenet is implementing improvements to the Networking and Insights modules based on user feedback, with details to be previewed in a video on June 20, 2025.

When will Tenet expand the Cubeler Business Hub to the United States?

Tenet plans to expand the Cubeler Business Hub to the United States after its platform relaunch in summer 2025.