We are excited to bring to you our first brief update on what is happening in ARAX Holdings Corp.

As we are approaching the end of the year and the markets in the digital economy are in turmoil, investors are questioning the stability of exchanges and the risks specifically associated with centralized digital asset trading platforms.

Arax Holdings Corp (OTCBB:ARAT)

New York, NY, December 14, 2022 — ARAX Holdings Corp. is pleased to announce that after several years of speculation, it has signed a definitive Letter of Intent and Deal Terms with Konrad Business s.r.o., based in Bratislava, Slovakia, to acquire the majority of the share capital of Konrad. Konrad is currently undergoing a name change to Core Business Holdings s.r.o. (Core Group).