Ace Global Business Acquisition Limited Announces that Ordinary Shares and Warrants to Commence Separate Trading on or about May 21, 2021

NEW YORK,May 21,2021 -- Ace Global Business Acquisition Limited ("the Company" or "ACBA") (NASDAQ:ACBAU),a blank check company formed for the purpose of entering into a merger,share exchange,asset acquisition,stock purchase,reorganization or similar business combination with one or more businesses,today announced that holders of the Company's units may elect to separately trade the ordinary shares and warrants included in its units commencing on or about April 16,2021.

The ordinary shares and warrants will trade on the NASDAQ Capital Market ("NASDAQ") under the symbols ACBA and ACBAW,respectively. Units not separated will continue to trade on NASDAQ under the symbol ACBAU.

Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company,the Company's transfer agent,in order to separate the units into ordinary shares and warrants.

About Ace Global Business Acquisition Limited

Ace Global Business Acquisition Limited is a British Virgin Islands company incorporated as a blank check company for the purpose of entering into a merger,share purchase,recapitalization,reorganization or similar business combination with one or more businesses or entities. The Company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region,although the Company intends to focus on operating businesses in the gaming and e-commerce sectors in the Greater China,Japan and Southeast Asia regions.

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements,including the successful consummation of the Company's initial public offering,are subject to risks and uncertainties,which could cause actual results to differ from the forward looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events,conditions or circumstances on which any statement is based.

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