UBI Blockchain Internet Announces Hong Kong Government Financing of Company's Blockchain-Based Food and Drug Safety Technology

UBI Blockchain Internet Announces Hong Kong Government Financing of Company's
Blockchain-Based Food and Drug Safety Technology Development Project with Hong
                         Kong Polytechnic University

PR Newswire

HONG KONG, January 10, 2018

HONG KONG, January 10, 2018 /PRNewswire/ --

UBI Blockchain Internet Ltd. (OTC QB: UBIA) ("UBI") announced that the Hong
Kong Special Administration Region ("HKSAR") has approved and participated in
financing the blockchain technology project being jointly developed by UBI and
The Hong Kong Polytechnic University ("HKPU"). The agreement between UBI and
HKSAR for financing the project is fully effective, with total financing about
HK$6,000,000 (approximately USD 700,000).

Today's announcement represents the successful culmination of a process that
commenced in November 2016 when UBI and HKPU began discussions to build
blockchain-based technology and research platforms with the mission of
resolving important food and drug safety issues. The parties entered into a
strategic Memorandum of Understanding in May 2017 and filed their technology
research and development project with HKSPA, applying for government funding.
HKSPA approved the project on November 15, 2017. The estimated completion date
of the project is the second quarter of 2019.

UBI Blockchain Internet Ltd. ("环球" in Chinese) is a technology-driven
company researching and developing applications of blockchain technology for
the food, pharmaceutical and healthcare industries. The Company's plans to
provide procedures for food and drug safety as well as solutions for
preventing counterfeit or fake food and drugs. The Company's strategic aim,
with the advancement of blockchain technology, is to be able to trace a food
or drug product from its original source within the context of the Internet of
Things to the final consumer.

Tony Liu, UBI's chairman & CEO, said, "it is a significant milestone for UBI
to have a successful joint effort with HKPU, with an official endorsement from
HKSAR, in order to build an application oriented research and development
platform of the blockchain technology.  This is also a significant event for
the research and application of the blockchain technology,  We are full of
hope and full of expectations for the future.  UBI will do it best to build
the blockchain technology for the benefit of consumers together with support
from universities, governments, and social resources."

About Us

UBI Blockchain Internet Ltd. business encompasses the research and application
of blockchain technology with a focus on the Internet of things covering areas
of food, drugs and healthcare. Management plans to focus its business in the
integrated wellness industry, by providing procedures for safety and
effectiveness in food and drugs, but also preventing counterfeit or fake food
and drugs. With the advancement of the blockchain technology, the Company
plans to trace a food or drug product from its original source within the
context of the Internet of Things to the final consumer.

Safe Harbor Statement

This news release contains forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
include statements concerning plans, objectives, goals, strategies, future
events or performance, and underlying assumptions and other statements that
are other than statements of historical facts. These statements are subject to
uncertainties and risks including, but not limited to, product and service
demand and acceptance, changes in technology, economic conditions, the impact
of competition and pricing, government regulation, and other risks contained
in reports filed by the Company with the Securities and Exchange Commission.
All such forward-looking statements, whether written or oral, and whether made
by or on behalf of the company, are expressly qualified by the cautionary
statements and any other cautionary statements which may accompany the
forward-looking statements. In addition, the company disclaims any obligation
to update any forward-looking statements to reflect events or circumstances
after the date hereof.

SmartSpace 3F, Level 9, Unit 908, 100 Cyberport Rd., Hong Kong

Contact: Hong Zhu

UBI Blockchain Internet, Ltd.

Phone:  (212)372-8836

info@globalubiabc.com

SOURCE UBI Blockchain Internet Ltd.
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