1. **Delisting Decision and Timeline**

- **Reason**: The Digital Asset Exchange Association of Korea (DAXA) has identified significant concerns regarding the legality, sustainability, and security of the PUNDIAI project. The explanatory materials submitted by the project team did not alleviate regulatory concerns.

- **Implementation Plan**:

- DAXA members such as Upbit and Bithumb will **cease trading support on August 28, 2025**.

- Users must complete asset withdrawals by **September 29**, otherwise they may face the risk of being unable to withdraw their tokens.

2. **Market Impact**

- **Liquidity Plummet**: Korea is an important trading market for PUNDIAI, and the delisting will lead to a liquidity shrinkage of over 50% (referencing the liquidity loss ratio after the delisting of similar projects).

- **Selling Pressure Expectations**: Investors may concentrate on selling before August 28, exacerbating the risk of short-term price declines. Please be aware of the risks.