VANCOUVER, BC and HONG KONG, April 20, 2026 /PRNewswire/ -- Pinnacle Food Group Limited (NASDAQ:PFAI), a technology-driven company operating at the intersection of smart agriculture and bio-engineering, today announced

<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">VANCOUVER, BC and HONG KONG</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">April 20, 2026</span> /PRNewswire/ -- Pinnacle Food Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PFAI">PFAI</a>), a technology-driven company operating at the intersection of smart agriculture and bio-engineering, today announced that its subsidiary, Pinnacle Food AgTech HK Limited (PFHK), has entered into a non-binding memorandum of understanding (MOU) with Open Yeast Collection and Bioboost Synbio Consulting Inc. (&#34;Bioboost&#34;). This MOU establishes a preliminary framework to explore the development of an Open Yeast Platform hub located at the Hong Kong-Shenzhen Innovation and Technology Park, a strategic border-zone development uniquely positioned to leverage the integrated technological and regulatory advantages of both Hong Kong and Mainland China.</p>
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<p xmlns="http://www.w3.org/1999/xhtml">The Open Yeast Platform consists of two primary parts. The first is the Open Yeast Collection, an open-source collection of DNA parts for assembling genetic constructs in yeast, originally established by Dr. Scott Pownall in 2021. The current library contains hundreds of valuable DNA assembly parts to support synthetic biology research and biotechnology in yeast. The second part is the Open Yeast Strain Bank, an open-access, growing library of yeast strains made available to researchers worldwide. Both the DNA parts and the strains are released under an Open Material Transfer Agreement (OpenMTA) framework. As part of this collaboration framework, Bioboost, a specialized biotechnology advisory firm, will provide strategic consulting and technical integration expertise to facilitate the platform&#39;s regional deployment.</p><p xmlns="http://www.w3.org/1999/xhtml">With this platform, PFHK aims to curate, localize, and distribute these synthetic biology tools to the broader yeast research community, promoting scientific advancement and collaboration. The Company believes this initiative may enhance its strategic position within Asia&#39;s fast-growing bio-engineering ecosystem. By lowering the barriers to entry for yeast-based research, the Company expects to attract potential synergistic partnerships and accelerate its overarching B2B strategy of commercializing high-value biological products.</p><p xmlns="http://www.w3.org/1999/xhtml">The ultimate establishment of the hub and the exact scope of operations remain subject to the execution of definitive agreements among the parties and customary regulatory and operational reviews.</p><p xmlns="http://www.w3.org/1999/xhtml">Jiulong You, Chief Executive Officer of Pinnacle Food Group Limited, commented: &#34;Entering into this MOU to explore establishing a hub at the Hong Kong-Shenzhen Innovation and Technology Park aligns perfectly with our &#39;Dual-Engine&#39; growth strategy. By facilitating open-source collaboration through the OpenMTA framework, we look forward to contributing to the global synthetic biology community and building a robust network of research and industry partners around our operations in Hong Kong. We believe this ecosystem has the potential to serve as a catalyst for future innovations and commercial opportunities in precision fermentation.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About Pinnacle Food Group Limited</b></p><p xmlns="http://www.w3.org/1999/xhtml">Pinnacle Food Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PFAI">PFAI</a>) is a technology-driven company operating at the intersection of smart agriculture and bio-engineering. Driven by a &#34;Dual-Engine&#34; strategy, the Company integrates advanced Farming-as-a-Service (FaaS) solutions with cutting-edge precision fermentation and synthetic biology platforms to build highly efficient and sustainable food systems. For more information, please visit the Company&#39;s website at <a xmlns="http://www.w3.org/1999/xhtml" href="http://www.pinnaclefoodinc.com" rel="nofollow">www.pinnaclefoodinc.com</a>.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b></p><p xmlns="http://www.w3.org/1999/xhtml">This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. These statements include, but are not limited to, expectations regarding the potential establishment and operation of the Open Yeast Platform hub, the anticipated benefits to the regional synthetic biology ecosystem and the potential for future partnerships and commercialization. These forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Such risks include, among others, the non-binding nature of the MOU, the possibility that definitive agreements may not be executed on favorable terms or at all, and unexpected regulatory or operational challenges at <span xmlns="http://www.w3.org/1999/xhtml" id="spanHghlt192d">Hong Kong-Shenzhen Innovation and Technology Park</span>. The Company undertakes no obligation to update any forward-looking statements, except as required by applicable law.</p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=CN37299&amp;sd=2026-04-20"></img> View original content to download multimedia:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/pinnacle-food-group-limited-announces-entry-into-a-non-binding-mou-to-explore-establishing-an-open-yeast-platform-hub-in-hong-kong-302746580.html" target="_blank">https://www.prnewswire.com/news-releases/pinnacle-food-group-limited-announces-entry-into-a-non-binding-mou-to-explore-establishing-an-open-yeast-platform-hub-in-hong-kong-302746580.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Pinnacle Food Group Limited</p>

PFAI

Pinnacle Food Group Limited Announces Entry Into a Non-Binding MOU to Explore Establishing an Open Yeast Platform Hub in Hong Kong

Pinnacle Food Group explores strategic Open Yeast Platform in Hong Kong

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>VANCOUVER, BC and HONG KONG, April 20, 2026 /PRNewswire/ -- Pinnacle Food Group Limited (NASDAQ:PFAI), a technology-driven company operating at the intersection of smart agriculture and bio-engineering, today announced</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Pinnacle Food Group has signed a non-binding memorandum of understanding to explore the establishment of an Open Yeast Platform hub in Hong Kong, targeting advancements in synthetic biology. This initiative has the potential to enhance PFAI&#039;s position in the bio-engineering sector, attract partnerships, and support its commercialization strategy.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Pinnacle Food Group signs MOU to develop Open Yeast Platform in Hong Kong.</li><li>The platform aims to aid synthetic biology research and biotechnology advancements.</li><li>It targets strategic partnerships to enhance commercialization of biological products.</li><li>Collaboration involves Bioboost for technical integration expertise.</li><li>Final operations depend on execution of definitive agreements and regulatory reviews.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Bioboost Synbio Consulting Inc. (N/A)</strong>: Provides consulting expertise for the Open Yeast Platform&#039;s deployment.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This development falls under corporate developments as PFAI explores strategic collaborations to enhance its business model in a growing sector. The MOU may lead to future innovations and influence operational strategies significantly.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Non-binding MOU with Bioboost could signal future partnerships and revenue opportunities.</li><li>Development of the Open Yeast Platform may position PFAI favorably in bio-engineering markets.</li><li>Execution of definitive agreements could propel stock performance as clarity improves.</li><li>Potential regulatory hurdles may impact timelines and market sentiment in the short term.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>The MOU is for an Open Yeast Platform hub at Hong Kong-Shenzhen Technology Park.</li><li>The Open Yeast Collection contains hundreds of DNA parts for yeast research.</li><li>The initiative aligns with PFAI&#039;s Dual-Engine growth strategy.</li><li>Bioboost will provide expertise for deploying the platform regionally.</li><li>Final establishment of the hub is subject to definitive agreements and regulations.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>PFAI could see upside potential in the medium term as partnerships develop from this MOU.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">VANCOUVER, BC and HONG KONG</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">April 20, 2026</span> /PRNewswire/ -- Pinnacle Food Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PFAI">PFAI</a>), a technology-driven company operating at the intersection of smart agriculture and bio-engineering, today announced that its subsidiary, Pinnacle Food AgTech HK Limited (PFHK), has entered into a non-binding memorandum of understanding (MOU) with Open Yeast Collection and Bioboost Synbio Consulting Inc. (&#34;Bioboost&#34;). This MOU establishes a preliminary framework to explore the development of an Open Yeast Platform hub located at the Hong Kong-Shenzhen Innovation and Technology Park, a strategic border-zone development uniquely positioned to leverage the integrated technological and regulatory advantages of both Hong Kong and Mainland China.</p>
    <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1">
                <p xmlns="http://www.w3.org/1999/xhtml">
                        <a xmlns="http://www.w3.org/1999/xhtml" href="https://mma.prnewswire.com/media/2871232/pinnaclefood_green_TM_New_Logo.html" target="_blank" rel="nofollow">
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<p xmlns="http://www.w3.org/1999/xhtml">The Open Yeast Platform consists of two primary parts. The first is the Open Yeast Collection, an open-source collection of DNA parts for assembling genetic constructs in yeast, originally established by Dr. Scott Pownall in 2021. The current library contains hundreds of valuable DNA assembly parts to support synthetic biology research and biotechnology in yeast. The second part is the Open Yeast Strain Bank, an open-access, growing library of yeast strains made available to researchers worldwide. Both the DNA parts and the strains are released under an Open Material Transfer Agreement (OpenMTA) framework. As part of this collaboration framework, Bioboost, a specialized biotechnology advisory firm, will provide strategic consulting and technical integration expertise to facilitate the platform&#39;s regional deployment.</p><p xmlns="http://www.w3.org/1999/xhtml">With this platform, PFHK aims to curate, localize, and distribute these synthetic biology tools to the broader yeast research community, promoting scientific advancement and collaboration. The Company believes this initiative may enhance its strategic position within Asia&#39;s fast-growing bio-engineering ecosystem. By lowering the barriers to entry for yeast-based research, the Company expects to attract potential synergistic partnerships and accelerate its overarching B2B strategy of commercializing high-value biological products.</p><p xmlns="http://www.w3.org/1999/xhtml">The ultimate establishment of the hub and the exact scope of operations remain subject to the execution of definitive agreements among the parties and customary regulatory and operational reviews.</p><p xmlns="http://www.w3.org/1999/xhtml">Jiulong You, Chief Executive Officer of Pinnacle Food Group Limited, commented: &#34;Entering into this MOU to explore establishing a hub at the Hong Kong-Shenzhen Innovation and Technology Park aligns perfectly with our &#39;Dual-Engine&#39; growth strategy. By facilitating open-source collaboration through the OpenMTA framework, we look forward to contributing to the global synthetic biology community and building a robust network of research and industry partners around our operations in Hong Kong. We believe this ecosystem has the potential to serve as a catalyst for future innovations and commercial opportunities in precision fermentation.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About Pinnacle Food Group Limited</b></p><p xmlns="http://www.w3.org/1999/xhtml">Pinnacle Food Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PFAI">PFAI</a>) is a technology-driven company operating at the intersection of smart agriculture and bio-engineering. Driven by a &#34;Dual-Engine&#34; strategy, the Company integrates advanced Farming-as-a-Service (FaaS) solutions with cutting-edge precision fermentation and synthetic biology platforms to build highly efficient and sustainable food systems. For more information, please visit the Company&#39;s website at <a xmlns="http://www.w3.org/1999/xhtml" href="http://www.pinnaclefoodinc.com" rel="nofollow">www.pinnaclefoodinc.com</a>.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b></p><p xmlns="http://www.w3.org/1999/xhtml">This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. These statements include, but are not limited to, expectations regarding the potential establishment and operation of the Open Yeast Platform hub, the anticipated benefits to the regional synthetic biology ecosystem and the potential for future partnerships and commercialization. These forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Such risks include, among others, the non-binding nature of the MOU, the possibility that definitive agreements may not be executed on favorable terms or at all, and unexpected regulatory or operational challenges at <span xmlns="http://www.w3.org/1999/xhtml" id="spanHghlt192d">Hong Kong-Shenzhen Innovation and Technology Park</span>. The Company undertakes no obligation to update any forward-looking statements, except as required by applicable law.</p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=CN37299&amp;sd=2026-04-20"></img> View original content to download multimedia:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/pinnacle-food-group-limited-announces-entry-into-a-non-binding-mou-to-explore-establishing-an-open-yeast-platform-hub-in-hong-kong-302746580.html" target="_blank">https://www.prnewswire.com/news-releases/pinnacle-food-group-limited-announces-entry-into-a-non-binding-mou-to-explore-establishing-an-open-yeast-platform-hub-in-hong-kong-302746580.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Pinnacle Food Group Limited</p>

Pinnacle Food Group has signed a non-binding memorandum of understanding to explore the establishment of an Open Yeast Platform hub in Hong Kong, targeting advancements in synthetic biology. This initiative has the potential to enhance PFAI's position in the bio-engineering sector, attract partnerships, and support its commercialization strategy.

Pinnacle Food Group Limited Announces Entry Into a Non-Binding MOU to Explore Establishing an Open Yeast Platform Hub in Hong Kong

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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