Onfolio and Paramount Terminate LOI Relating to Strategic Transaction

Transaction’s Conditions to Closing Were Not Likely to be Met

* Both Parties Felt Terminating the Transaction Was in Best Interests of the Shareholders of Both Onfolio and Paramount WILMINGTON, Del., July 22, 2026 (GLOBE NEWSWIRE) -- Onfolio Holding, Inc. (Nasdaq: ONFO, ONFOW) (OTC: ONFOP) ("Onfolio" or the "Company"), an owner-operator of cash-generative online businesses, today announced the mutual termination of the previously announced binding Letter of Intent (“LOI”) with Paramount Helium LLC (“Paramount Helium”) that contemplated a strategic combination intended to establish the Company in the global industrial gas market.