Disclosure on the YNG Token Buyback Programme

YNG Token Docs

Disclosure on the Buyback Programme

23/07/2026 17:16

Purpose and scope of the document

This disclosure document (hereinafter, the “Disclosure“) is made public by Young Platform S.p.A. (hereinafter also “Young Platform“, the “Company” or the “Issuer“) in its capacity as issuer of the YNG Token, in order to describe in a unified and organic manner the programme for the repurchase of the YNG Token (hereinafter, the “Buyback Programme” or, simply, the “Programme“), its structural operating parameters, the funding sources, the execution arrangements and the disclosure regime for the transactions carried out under the Programme.

This document is informative in nature and is intended to ensure transparency towards holders of the YNG Token, the public and the competent Authorities.

The individual Buyback Transactions and Liquidity Transactions carried out under the Programme are the subject of ex-post information notices published in the section of the institutional website dedicated to the YNG Token, in accordance with the regime described in Article 9 of this Disclosure. Such information notices do not, as a rule, constitute disclosures of inside information within the meaning of Articles 87 and 88 of Regulation (EU) 2023/1114 (MiCA); the rules on inside information nonetheless remain applicable where the relevant conditions are met, as specified in Article 9.4.

This Disclosure does not constitute a marketing communication, nor an offer or solicitation to purchase, hold or dispose of the YNG Token. Nor does it constitute investment advice, tax advice or a personalised recommendation.

The Programme at a glance

The following summary is provided for ease of reading: it does not replace a full reading of this Disclosure and of the other documents referred to herein, which remain the sole regulatory source of the Programme.

What the Buyback Programme is. A structural mechanism, launched in January 2026, through which Young Platform uses part of the revenues of its ecosystem to (i) repurchase YNG Tokens on the secondary market and (ii) add liquidity to the decentralised pools of the YNG Token on Uniswap.
Why it is carried out. To use, in a systematic and transparent manner, part of the ecosystem’s revenues in transactions to repurchase the YNG Token from the secondary market and to inject liquidity into the decentralised pools, in line with what is described in the current YNG White Paper. As a structural effect, the Programme strengthens the market depth of the YNG Token, as described in Article 10.
Source of the funds. There are four revenue sources described in Article 7 (staking fees, DEX pool fees, Young Platform card fees, Step Contribution).
How it works. Each month the Issuer collects the resources accrued in the previous month, first uses them to inject liquidity into the YNG/USDC pool on Uniswap and, with any residual resources, repurchases YNG Tokens from the secondary market. The repurchased Tokens are held in the Issuer’s Treasury and are not destroyed (there is no burn).
Notices on execution. Each Transaction is the subject of an ex-post information notice published within seven (7) days of execution, in the section dedicated to the YNG Token on the institutional website.
Scope of the Programme. The Programme is not a price-support operation, is not a commitment to maintain price or liquidity levels, is not an investment recommendation and offers no guarantee of return to holders of the YNG Token.

Identification of the Issuer

Company name: Young Platform S.p.A.

Registered office: Via F. Cigna, no. 96/17 — 10155 Turin (TO), Italy

Tax Code / VAT number: 11931440017

LEI: 815600F1E30AAB016171

PEC (certified email): [email protected]

Website: youngplatform.com

Legal representative: Alexandru Stefan Gheban, Chief Executive Officer

Young Platform S.p.A. obtained authorisation as a CASP (Crypto-Asset Service Provider) from the Supervisory Authorities, Consob and the Bank of Italy, on 30 June 2026 pursuant to Regulation (EU) 2023/1114 (MiCA).

Young Platform is also the issuer of the YNG Token, a utility crypto-asset within the meaning of Article 3(1)(9) of Regulation (EU) 2023/1114, described in the relevant White Paper notified to Consob and available on the Company’s official channels at the link:
storage.googleapis.com/young-documents/mica-whitepaper-YNG-token.xhtml

Identification of the YNG Token

The Buyback Programme relates exclusively to the YNG Token, a utility token within the meaning of Article 3(1)(9) of Regulation (EU) 2023/1114, with the following characteristics:

Name: Young (YNG)

Digital Token Identifier (DTI): RGN2XS8ZG

Token Standard: ERC-20

Blockchain: Ethereum

Fungibility: Fungible

Maximum total supply (fixed supply): 100,000,000 YNG

Mint/burn mechanism: None (no inflationary or deflationary mechanics)

Smart Contract Address: 0xA26Cbb76156090f4B40A1799A220fc4C946aFB3c

Current White Paper:

storage.googleapis.com/young-documents/mica-whitepaper-YNG-token.xhtml

Definitions

Insofar as not expressly defined, reference is made to the definitions contained in the General Terms and Conditions of Young Platform — Crypto-Asset Services, in MiCA and in the remaining applicable legislation.

EUR Budget: the euro-denominated resources generated during the Accrual Month from the fiat Funding Sources (staking fees, Step Contribution, fees on transactions with the Young Platform card), used during the Execution Month to purchase USDC to cover the USDC portion of the Liquidity Transaction or for Buyback Transactions.

Buyback Programme (or Programme): the structural programme for the repurchase of the YNG Token on the secondary market, funded by the Funding Sources referred to in Article 7, conducted unilaterally by the Issuer in accordance with the parameters described in this Disclosure.

Buyback Transaction: the individual transaction for the repurchase of YNG Tokens from the secondary market carried out by the Issuer under the Programme, funded with the euro- and/or WETH-denominated resources remaining at the end of the Liquidity Transaction of the same monthly cycle.

Liquidity Transaction: the individual transaction for the injection of liquidity into the Uniswap YNG/USDC decentralised pool carried out by the Issuer under the Programme.

Treasury: the Issuer’s treasury reserve, separate from clients’ assets, intended, among other things, to receive and hold the YNG Tokens repurchased under the Programme.

Platform: the platform operated by Young Platform S.p.A., comprising a website (youngplatform.com) and a mobile application, through which the Company provides crypto-asset services.

DEX Pools: the decentralised liquidity pools of the YNG Token available on the Uniswap platform, and in particular the YNG/USDC pool and the YNG/WETH pool.

YNG/WETH Pool: the liquidity pool of the YNG Token paired with WETH (Wrapped Ether) operated on the Uniswap protocol, identified by the on-chain address 0x3Ec3244C7F7344a8983DF8dA2416e981EDc53E22; at the time the Programme was launched it represented the first crypto-to-crypto trading pair of the YNG Token.

YNG/USDC Pool: the liquidity pool of the YNG token paired with USDC (USD Coin) operated on the Uniswap protocol, identified by the on-chain address 0x1C65313c3BE89D78Ba315A044eB5847D21a3A2Eb. Under the Programme, the monthly Liquidity Transactions are directed exclusively to that Pool.

AMM (Automated Market Maker): the operating model of the DEX pools, in which the price of the YNG token in the pool is determined algorithmically as a function of the ratio between the quantities of tokens present in the pool itself, without the intervention of a centralised Order Book.

LP Token: Liquidity Provider Tokens issued by the Uniswap protocol against a deposit of liquidity in a DEX Pool. Such tokens evidence the depositor’s participation share in the pool and the right to collect, pro rata, the trading fees generated by the pool. The LP Tokens relating to the deposits made by the Issuer are held in custody in the Company’s wallet.

Impermanent Loss: the potential loss suffered by the liquidity provider of an AMM pool as a result of the change in the relative price of the tokens present in the pool compared to the value they would have if simply held outside the pool; the loss is defined as “impermanent” because it may decrease or be eliminated once the original prices are restored.

Accrual Month: the calendar month during which the resources belonging to the Programme’s Funding Sources are generated.

Execution Month: the calendar month immediately following the Accrual Month, during which the Issuer carries out, on any day at its own discretion, the monthly cycle of the Programme consisting of the Liquidity Transaction and, where applicable, the Buyback Transaction, funded by the resources of the Accrual Month.

YNG Reserve: the portion of YNG Tokens held in the Treasury at the end of each Execution Month, made up of the YNG tokens repurchased through Buyback Transactions and not yet redeployed in Liquidity Transactions.

Subject matter and structure of the Programme

6.1 The Buyback Programme consists of a structural mechanism for using the revenues of the Issuer’s ecosystem to

(i) repurchase YNG Tokens from the secondary market and
(ii) add liquidity to the DEX Pools, in accordance with the operating model described in Article 8.

6.2 The Programme was resolved upon by the Issuer’s competent bodies and became operational on January 2026. It operates for an indefinite period, subject to any amendments, suspensions or terminations decided by the Issuer under the terms set out in Article 13 of this Disclosure.

6.3 The Programme falls among the measures for the structural management of the economic model of the YNG Token and does not constitute: (i) a price-stabilisation or price-support operation; (ii) a commitment to maintain price, liquidity or market-depth levels of the Token; (iii) an investment recommendation, a solicitation to purchase or hold the Token, or a guarantee of return. Nor does the Programme constitute market manipulation within the meaning of Article 91 MiCA, since the Buyback Transactions and Liquidity Transactions are carried out in compliance with the criteria of transparency and non-misleadingness set out in the Market Abuse Policy adopted by the Issuer pursuant to Article 92 MiCA, and are not intended to artificially alter the price of the YNG Token.

6.4 Relevant background. The formal launch of the Programme in January 2026 follows certain YNG Token liquidity-management operations carried out by the Issuer during the 2025 financial year and preparatory to the activation of the Programme. In particular:

On 11 September 2025, the YNG/WETH Pool was created on the Uniswap protocol (on-chain address
0x3Ec3244C7F7344a8983DF8dA2416e981EDc53E22), with an initial experimental deposit of 38 ETH, made during the technical testing phase of the pool and not the subject of contemporaneous public disclosure, as it was a preparatory operation of limited size and not falling within the scope of a structural repurchase programme;
On 13 November 2025, a second significant deposit was made into the YNG/WETH Pool, bringing the total value to EUR 300,000 (equal to 92.86 ETH at an average carrying price of EUR 3,230.65 per ETH), with a public announcement via the official blog on the same date. Against those deposits, the Issuer’s wallet holds LP Tokens evidencing the liquidity share and the pro-rata right to the fees of the YNG/WETH Pool; those fees flow into the Programme’s Funding Sources pursuant to Article 7.

6.5 As at the date of publication of this Disclosure, the structural parameters of the Programme are made public in full by means of this document, and the individual Transactions are the subject of ex-post information notices pursuant to Article 9. The rules on inside information under Articles 87 and 88 MiCA remain unaffected, which the Issuer will apply as specified in § 9.4 where the relevant conditions are met in relation to specific events or decisions concerning the Programme.

Funding sources

The resources used in the Buyback Programme are generated by four categories of revenue sources of the Issuer’s ecosystem, fed on a recurring basis:

Source	Parameter	Operational notes
Staking fees	A share of the fees earned by the Issuer on the staking services offered to customers	Operational from the launch of the Programme (January 2026)
DEX Pool fees	A share of the fees accrued on the YNG/USDC and YNG/WETH Pools operated on Uniswap, collected pro rata via the LP Tokens held in custody in the Issuer’s wallet. The YNG/WETH Pool is identified by the on-chain address 0x3Ec3244C7F7344a8983DF8dA2416e981EDc53E22	Operational from the launch of the Programme (January 2026). The YNG/WETH Pool predates the Programme (created 11/09/2025; deposit of EUR 300,000 made on 13/11/2025)
Fees on transactions with the Young card	0.15% on the amount of each transaction carried out with the Young Platform debit card	Operational from 20 April 2026, the launch date of the Young Platform payment account and debit card
Step Contribution	50% of the euro value of the YNG Tokens issued through the Young Platform Step application, up to a maximum amount of €5,000 per Accrual Month	Operational from the launch of the Programme (January 2026)

The Issuer reserves the right to introduce new Funding Sources, to amend the parameters of the existing Sources, and to suspend their contribution to the Programme in accordance with the evolution of its operating model, its cost structure and the regulatory context. Material changes are communicated to the public in accordance with the regime referred to in Article 9. Where a change amounts to inside information within the meaning of Article 87 MiCA, it is the subject of disclosure pursuant to Article 88 MiCA in accordance with § 9.4.

Operating mechanics of the Programme

8.1 Monthly execution model

8.1.1 The Programme operates on a monthly cadence. The resources generated by the Funding Sources during an Accrual Month (calendar month N) are used, in whole or in part, in the immediately following Execution Month (calendar month N+1) to carry out a Buyback Transaction or a Liquidity Transaction.

8.1.2 Execution takes place on any day of the Execution Month, determined by the Issuer at its own discretion, on the basis of assessments of operational efficiency, market liquidity and protection of the integrity of the Programme.

8.1.3 The monthly execution cycle is structured into the following four sequential phases:

Phase a) — Aggregation of the resources of the Accrual Month

At the start of the cycle, the Issuer collects and classifies the resources generated in the Accrual Month:

Component	Origin	Denomination
EUR Budget	Staking fees + Step Contribution + Young Platform card fees	EUR (fiat)
YNG fees	YNG Tokens collected as fees from the YNG/USDC Pool and the YNG/WETH Pool, withdrawn via LP Tokens	YNG (on-chain)
USDC fees	USDC Tokens collected as fees from the YNG/USDC Pool, withdrawn via LP Tokens	USDC (on-chain)
WETH fees	WETH Tokens collected as fees from the YNG/WETH Pool, withdrawn via LP Tokens	WETH (on-chain)
YNG Reserve	YNG Tokens held in the Treasury and originating from the Buyback Transaction of the previous monthly cycle (see Phase d)	YNG (on-chain)

Phase b) — Liquidity Transaction

The Issuer allocates the available resources on a priority basis to the injection of liquidity into the YNG/USDC Pool on Uniswap. The Liquidity Transactions under the Programme are carried out exclusively in favour of the YNG/USDC Pool; the YNG/WETH Pool is not a recipient of Liquidity Transactions during the ordinary monthly cycle.

The deposit into the YNG/USDC Pool requires the proportional contribution of both tokens of the pair, in accordance with the AMM mechanism. In an AMM protocol such as Uniswap, each liquidity deposit must be made by contributing the two tokens of the pair in a ratio of equivalent economic value at the time of the deposit; by way of example, if the price of the YNG Token in the Pool is equal to 0.50 USDC, a deposit of 10,000 YNG requires the simultaneous contribution of 5,000 USDC.

The YNG portion of the Liquidity Transaction is made up of:

any YNG Reserve held in the Treasury (YNG Tokens repurchased in the previous month);
YNG pool fees of the Accrual Month (YNG Tokens collected from the DEX Pools).

The USDC portion of the Liquidity Transaction is made up, in order and up to coverage of the value proportional to the YNG portion contributed, of:

the USDC fees of the Accrual Month (USDC Tokens collected from the YNG/USDC Pool);
the purchase of USDC with EUR Budget resources, to the extent necessary to cover any difference between the USDC portion required by the AMM mechanism and that already available as DEX Fees.

Phase c) — Buyback Transaction

At the end of the Liquidity Transaction (Phase b), any residual resources are allocated to the repurchase of YNG Tokens from the secondary market on the Platform.

Resources used:

Residual EUR: the portion of the EUR Budget not used to purchase USDC during Phase b.
WETH fees: the entire amount of the WETH fees accrued in the Accrual Month, given that the YNG/WETH Pool does not receive Liquidity Transactions in the ordinary cycle.

Outcome:

Availability of resources: the Issuer proceeds to convert the funds into YNG Tokens on the Platform.
Absence of resources: if no EUR or WETH remain, the Buyback Transaction is not carried out; in this case, the YNG Reserve for the following month will be equal to zero.

Phase d) — Allocation of the YNG Reserve

The YNG Tokens repurchased in the Buyback Transaction are allocated to the Issuer’s Treasury, where they constitute the YNG Reserve that will be used as the priority component of the YNG portion of the Liquidity Transaction of the following monthly cycle (see Phase b). No destruction mechanism is used (no burn).

8.1.4 The Issuer reserves the right to vary the operating parameters of the mechanism described in Article 8.1.3 above on the basis of the analysis of market conditions, the size of the DEX Pools or other operational-efficiency assessments. Where such a variation amounts to inside information within the meaning of Article 87 MiCA, it is the subject of public disclosure pursuant to Article 88 MiCA before the entry into force of the variation itself, unless the conditions for delayed disclosure are met. Variations that do not amount to inside information are communicated in accordance with the transparency regime referred to in Article 9.

8.2 Execution venues

8.2.1 The Buyback Transactions are carried out by the Issuer directly on the Platform, in its capacity as issuer of the YNG Token, which purchases the YNG Token from its own users within the crypto-asset exchange service pursuant to Article 77 MiCA.

8.2.2 The Liquidity Transactions are carried out by the Issuer on the YNG/USDC DEX Pool on the Uniswap decentralised platform, identified by the on-chain address 0x1C65313c3BE89D78Ba315A044eB5847D21a3A2Eb. Against the liquidity deposits, the Issuer receives Uniswap LP Tokens that evidence the participation share in the Pool and the right to collect, pro rata, the trading fees generated; those LP Tokens are held in custody in the Issuer’s wallet. The fees thus collected (in YNG and USDC tokens) feed the Programme pursuant to Article 7.

8.2.3 For the purposes of market-abuse prevention, the Buyback Transactions and Liquidity Transactions are monitored by the Issuer’s Legal & Compliance Function within the Market Abuse Surveillance system referred to in Article 92 MiCA and the Market Abuse Policy adopted by the Company. In particular, Transactions which, by their size or temporal characteristics, could be interpreted as price manipulation are assessed in advance by the Compliance Function before execution.

8.3 Burn mechanism

The repurchased YNG Tokens are not subject to destruction (no burn): no mechanism is used to reduce the maximum total supply of the Token, which remains unchanged at 100,000,000 YNG. The repurchased YNG Tokens are allocated to the Issuer’s Treasury and constitute the YNG Reserve for the following monthly cycle. The Issuer reserves the right to redeploy the Tokens in the Treasury for purposes consistent with the current White Paper (for example: ecosystem incentivisation, distribution programmes to users, further Liquidity Transactions). Any decision to redeploy the Tokens in the Treasury that constitutes inside information within the meaning of Article 87 MiCA will be the subject of a specific public disclosure pursuant to Article 88 MiCA.

8.4 Size of the transactions

The size of each Buyback Transaction and of each Liquidity Transaction is determined by the amount of the resources collected from the Funding Sources in the relevant Accrual Month, within the limits of the parameters referred to in § 7.

Disclosure regime for the transactions

9.1 Guiding principle

The Buyback Programme is a structural mechanism for managing the economic model of the YNG Token. In line with the principle of transparency by which the Issuer governs its activity, the disclosure of the Programme is structured on two levels: (i) an ex-ante disclosure of the general criteria and structural parameters of the Programme — the subject of this Disclosure — and (ii) an ex-post information notice for each Transaction carried out, in accordance with the timing and content described in § 9.3. The ex-post information notices do not, as a rule, constitute disclosures of inside information within the meaning of Articles 87 and 88 MiCA; the rules on inside information nonetheless remain applicable where the relevant conditions are met, as specified in § 9.4.

9.2 Ex-ante disclosure — general criteria

9.2.1 The Issuer makes public, ex ante, the general criteria for the functioning of the Programme: purpose, structure, Funding Sources, monthly operating model, execution venues, destination of the repurchased Tokens, governance, transparency regime. Such criteria are contained in this Disclosure and in the Issuer’s reference documents relating to the YNG Token made available on the official channels (current YNG White Paper, Market Abuse Policy pursuant to Article 92 MiCA, General Risk Disclosure).

9.2.2 The following are not subject to ex-ante disclosure: (a) the specific date and time of execution of each Transaction; (b) the precise value of each individual Transaction; (c) the intraday execution window; (d) any other operating parameter whose anticipation to the market would be liable to compromise the effectiveness of the Transaction itself and, consequently, the integrity of the Programme. Such parameters are made known through the ex-post information notices referred to in § 9.3.

9.3 Ex-post disclosure — individual transactions

9.3.1 Each Buyback Transaction and each Liquidity Transaction carried out under the Programme is the subject of an information notice published within seven (7) market days of the execution date. The information notice is published in the section of the institutional website dedicated to the YNG Token (Information notices on the YNG Token) and, where applicable, echoed on the Company’s official channels.

9.3.2 Each ex-post information notice reports, as a minimum, the following information:

the total value of the Transaction, expressed in euro

the quantity of YNG Tokens repurchased or injected as liquidity (for Liquidity Transactions: details of the YNG/USDC Pool concerned, indicating the YNG and USDC portions deposited and the YNG Reserve used)

the average execution price of the YNG Token in the Transaction

the execution window of the Transaction (day or range of days)

the execution venue (Young Platform’s Platform for Buyback Transactions and the relevant DEX Pool for Liquidity Transactions)

the destination of the repurchased tokens (Treasury)

the relevant Accrual Month of the resources used and the Funding Sources activated

reference to the address of the Treasury wallet receiving the repurchased YNG Tokens, verifiable on-chain, in order to ensure the transparency and verifiability of the Transaction by the public.

9.4 Relationship with the rules on inside information

9.4.1 The individual Buyback Transactions and Liquidity Transactions carried out in the ordinary course under the Programme do not constitute, as at the date of this disclosure, inside information within the meaning of Article 87 MiCA, since the existence, structure and operating arrangements of the Programme are already known to the public and to users, the Programme having been launched in January 2026 and remaining the subject of full disclosure: these are transactions that are foreseeable in their mechanism, cadence and Funding Sources, whose general criteria are made public ex ante by this Disclosure and whose execution parameters are communicated ex post through the information notices referred to in § 9.3. This assessment refers to the current state of knowledge of the public and of users in relation to the Programme and does not exclude that individual Transactions may, in circumstances other than the one considered, become relevant as inside information, in the cases and on the terms set out in § 9.4.2 below.

9.4.2 The application of the rules on inside information under Articles 87 and 88 MiCA remains unaffected where the relevant conditions are met, with particular reference to: (i) material amendments to the Programme or to the Funding Sources; (ii) suspension or termination of the Programme; (iii) individual Transactions which, by their size, characteristics or context, are liable to have a significant effect on the price of the YNG Token; (iv) any further event or decision of the Issuer relating to the Programme that qualifies as inside information in the light of the applicable regulatory parameters.

9.4.3 In the cases referred to in the preceding paragraph, the Issuer publishes the public disclosure pursuant to Article 88 MiCA in accordance with the Market Abuse Policy adopted by the Company and in compliance with the transparency, confidentiality and notification obligations provided for therein, including the regime of delayed disclosure under Article 88(2) MiCA, where the relevant conditions are met.

Effects of the Programme on the YNG Token ecosystem

The Buyback Programme structurally produces the following effects on the YNG Token ecosystem:

Systematic source of demand. The Buyback Transactions generate recurring buying pressure on the YNG Token on the secondary market, fed by the ecosystem’s revenues. The extent of such pressure is a function of the volumes generated by the Funding Sources and is therefore variable over time.

Change in the distribution of the free float. The repurchased YNG Tokens move from the secondary market to the Issuer’s Treasury, changing over time the actual distribution of the Tokens between the market and the treasury. The maximum total supply remains unchanged.

Market depth and slippage mitigation. The Liquidity Transactions on the YNG/USDC and YNG/WETH DEX Pools increase the market depth of the YNG Token and tend to mitigate slippage in exchange transactions of significant size.

Invariance of the Token’s fundamental parameters. The Programme does not affect the maximum total supply (100,000,000 YNG), the smart contract, the utilities of the YNG Token or the Token’s governance structure. The Issuer retains the right to redirect over time the use of the Tokens allocated to the Treasury as described in Article 8.3.

Cumulative effect of the YNG Reserve. The recycling mechanism of the YNG Reserve — Tokens repurchased in month N and used as liquidity in month N+1 — generates a cumulative effect over time: the Buyback Transactions of each month feed the Liquidity Transactions of the following month, contributing to strengthening market depth in proportion to the evolution of the ecosystem’s revenues.

The effects described are structural and long-term and do not constitute a guarantee of appreciation of the price of the YNG Token. The Issuer assumes no responsibility as regards the performance of the market price of the YNG Token as a result of the Programme.

Non-binding nature of the Programme

11.1 The Buyback Programme is managed by the Issuer at its own exclusive discretion and does not in any case constitute (i) a contractual commitment to repurchase minimum quantities of YNG Tokens, (ii) a promise to maintain price or liquidity levels of the Token, (iii) a guarantee of return for holders of the Token, (iv) a price-stabilisation operation within the meaning of the applicable legislation on market abuse.

11.2 The Issuer assumes no responsibility as regards the performance of the market price of the YNG Token, the depth of the DEX Pools, the volatility of the transactions or the economic outcome of the investment decisions of the Token holders, decisions which remain taken independently by each investor and under their exclusive responsibility.

Risks connected with the Programme

The public and the holders of the YNG Token are invited to take into account the following risks connected with the Programme and with the YNG Token:

Volatility and market risk. The price of the YNG Token is subject to continuous and unpredictable fluctuations. The Programme does not guarantee minimum price levels or a reduction in volatility.

Execution and thin-market risk. The execution of the Transactions may be influenced by market conditions (low volumes, wide volatility, reduced depth of the DEX Pools) that reduce their expected effectiveness.

Risk of variability of the Funding Sources. The resources allocated to the Programme are a function of the ecosystem’s revenues. A reduction in revenues (for example due to a reduction in trading, staking or card-usage volumes) entails a proportional reduction in the resources used in the Transactions.

Regulatory risk. The evolution of MiCA, of its delegated and implementing acts, of the national implementing legislation and of the interpretation of the competent Authorities may affect the rules governing the Programme and the arrangements for the transparency of the Transactions.

Risk of suspension or termination of the Programme. The Issuer reserves the right to amend, suspend or terminate the Programme at any time for operational, market or regulatory reasons.

Technological risk. The execution of the Transactions depends on the correct functioning of the technical infrastructure of the Platform, of the Ethereum blockchain, of the smart contracts of the DEX Pools and of the integration interfaces. Any malfunctions may affect the execution of the Programme.

Impermanent-loss risk and risks specific to AMM pools. The use of the Issuer’s resources in the DEX Pools, through the deposit of liquidity and the acquisition of the related LP Tokens, exposes the Issuer to the impermanent-loss risk typical of AMM-mechanism pools, as well as to the risks specific to decentralised finance, including the technical risks of the smart contracts of the Uniswap protocol, any congestion of the Ethereum network, and the technical and governance evolution of the protocol. Such risks fall on the Issuer in its capacity as liquidity provider and may affect the resources overall available for the Programme’s Transactions.

Conflict-of-interest risk: the Issuer acts as a direct counterparty in the Buyback Transactions, purchasing YNG Tokens from its own users on the Platform. This position generates a potential conflict of interest between the Issuer’s interest in carrying out the Transactions at the most favourable price and the interest of the selling users. The management of this conflict is governed by the Conflicts of Interest Policy adopted by the Company pursuant to Article 72 MiCA.

Market-abuse risk. Persons who, by reason of their role in the management of the Programme, have had effective access to inside information on specific parameters of individual Transactions (in particular the members of the Issuer’s Treasury, Token Office, Legal and Compliance functions) are subject to the market-abuse prohibitions provided for by Title VI MiCA. The Issuer adopts internal procedures to prevent the misuse of such information, including operational restrictions in the period immediately preceding the execution of the Transactions.

For an extensive discussion of the risks connected with holding the YNG Token and with operating on the Platform, reference is made to the General Risk Disclosure and to the current YNG White Paper.

Amendments, suspension and termination of the Programme

13.1 The Issuer reserves the right to amend, suspend or terminate the Programme at any time for operational, market or regulatory reasons, giving prompt notice to the public through the official channels and, where the amendment amounts to inside information within the meaning of Article 87 MiCA, by means of a dedicated notice pursuant to Article 88 MiCA.

13.2 The following constitute, by way of example and not exhaustively, material amendments to the Programme: (i) changes to the Funding Sources (introduction, elimination or significant recalibration); (ii) amendment of the monthly sequential operating model referred to in Article 8.1.3; (iii) change in the destination of the repurchased tokens; (iv) amendment of the disclosure regime referred to in Article 9.

13.3 Any suspension or termination of the Programme does not affect the validity of the Transactions already carried out or the destination of the Tokens already allocated to the Treasury, without prejudice to the provisions of Article 8.3 above.

Should an amendment to the Programme be of such a nature as to require the updating of the YNG White Paper within the meaning of Articles 6 and 12 MiCA, the Issuer shall notify CONSOB and publish the updated White Paper before the entry into force of the amendment itself.

14. Consistency with the current White Paper

14.1 The reference to the possibility for the Issuer to conduct operations to repurchase the YNG Token and operations to inject liquidity into the DEX Pools is already present in the current YNG White Paper. The specific operating parameters of the Programme are brought to the public’s attention through this Disclosure, supplemented by the ex-post information notices referred to in Article 9 and, where the relevant conditions are met, by the inside-information notices referred to in § 9.4.

14.2 Any amendments to the Programme liable to require an update of the White Paper will be managed by the Issuer in compliance with the obligations to notify Consob pursuant to Articles 6 and 12 MiCA.

Publication and retention

15.1 This Disclosure is published on Young Platform’s institutional website, in the dedicated section, and remains accessible to the public for a period of no less than five (5) years.

15.2 The ex-post information notices relating to the individual Transactions are published in the section of the institutional website dedicated to the YNG Token and retained for a period of no less than five (5) years from the date of publication. The inside-information notices, where published pursuant to § 9.4, are retained for the same period in the section of the website dedicated to inside information.

15.3 In accordance with Delegated Regulation (EU) 2025/1140 on record-keeping, the Issuer retains for at least five (5) years all documentation relating to the individual Buyback Transactions and Liquidity Transactions, including: the records of the execution decisions, the internal communications relating to the parameters of the Transactions, the on-chain proof of execution (hashes of the blockchain transactions), the published information notices and — where applicable — the inside-information disclosures and the related notifications to Consob.

This communication constitutes a service disclosure and does not represent a marketing communication, nor an offer or solicitation to invest in crypto-assets. Crypto-assets are subject to specific risks, including the risk of total loss of the capital employed. Past performance and any forecasts do not constitute a guarantee of future results. For a detailed overview of the risks, consult the General Risk Disclosure on youngplatform.com. For complete information on the services offered, reference is made to the Terms and Conditions of the service published on Young Platform’s official channels. Young Platform operates in compliance with the applicable legislation, including MiCA legislation (Regulation (EU) 2023/1114). Young Platform S.p.A., Via Cigna 96/17, 10155 Turin — youngplatform.com — PEC: [email protected].