REFFIND Ltd. provides an update to the market of material developments surrounding its Licensing agreement with identity management and biometric software solutions company, International Biometrics Pte Ltd. (InterBIO). Following Reffind's recent announcement, the parties have mutually agreed to discontinue with the proposed Licensing agreement. The Company has made a strategic decision to increase its focus on identifying commercial opportunities that will allow it to fast-track the commercial rollout of an enhanced Wooboard solution that will be expertly suited to the current environment. Over the last three months, growing interest in Reffind's intelligent employee recognition platform, Wooboard, saw an uplift in new customer signups with the average number of new accounts per month reaching 72 - a 179% increase from the previous 3 months. These new accounts have added on average 763 users per month to the platform. Reffind has proactively contacted each of the new accounts to provide support and see how the Company can serve to assist them in successfully integrating Wooboard into their organisation. This aligns with Reffind's strategic objectives to increase its overall Wooboard subscriber base and funnel new user acquisitions into paid subscription-based accounts for continual revenue generation. Ongoing operational support remains a critical pillar for the Company in its strategic approach towards new customer acquisition. Reffind is committed to operational support and continues to enhance Wooboard's platform functionality to provide optimal customer experience for users.