Exhibit 99.1 CORRECTION: Guardforce AI Reports Revenue of $34.5 Million for 2022; Robotics AI Solutions Revenue Increases 245.1% This release acts as a correction to the release posted on 04/21/2023 from Guardforce AI to certain figures in the financial statements including consolidated balance sheets and statements of cash flows NEW YORK, NY / April 21, 2023 / Guardforce AI Co., Limited ("Guardforce AI" or the "Company") (NASDAQ:GFAI, GFAIW), an integrated security provider specializing in secured logistic ...

Financial Performance - Net loss for 2022 was $18,666,058, compared to $5,491,654 in 2021 and $3,142,255 in 2020[469] - Adjusted EBITDA for 2022 was $(11,408,965), compared to $(207,037) in 2021 and $3,033,349 in 2020[469] - Cash and cash equivalents were $8.2 million as of December 31, 2022, down from $15.9 million in 2021 and $10.1 million in 2020[473] - Net cash outflows from operating activities were $19,190,237 for 2022, compared to inflows of $979,164 in 2021 and $4,907,501 in 2020[475] - Net cash outflows from investing activities were $9,405,629 for 2022, compared to $5,224,439 in 2021 and $1,431,506 in 2020[475] - Net cash inflows from financing activities were $20,937,985 for 2022, compared to $10,653,312 in 2021 and outflows of $1,132,964 in 2020[475] Capital and Financing - The company completed two private placements in 2022, raising $10.3 million in January and $10.0 million in April[479] - The company has a long-term loan of $13.42 million with WK Venture Success Limited, due on December 31, 2024[481] Research and Development - Research and development expenses for 2022 were $99,947, primarily for upgrading robot features in China[483] - The company paid $3,000,000 in 2022 for the development of the GFAI Intelligent Cloud Platform V2.0 (ICP)[483] Executive and Director Compensation - Total cash compensation and benefits paid to officers for fiscal year 2022 was approximately $925,654[499] - Total cash compensation and benefits paid to directors for fiscal year 2022 was approximately $632,901[500] - CEO Lei Wang received $351,344 in compensation for 2022[502] - CFO Yu-Heng Ma received $65,137 in compensation for 2022[502] - COO Kee Yun Kwan received $248,431 in compensation for 2022[502] - President Lin Jia received $73,086 in compensation for 2022[502] - Independent directors each received $53,710 in compensation for 2022[502] Corporate Governance - The board consists of four directors, with three being independent[505] - The Audit Committee is composed of three independent directors: Donald Duane Pangburn, John Fletcher, and David Ian Viccars[510] - The Compensation Committee assists in reviewing and approving compensation structures for directors and executive officers[513] - The company has entered into indemnification agreements with its directors and executive officers to protect them against certain liabilities and expenses[524] - The company's directors are not subject to a term of office and hold their positions until removed by shareholders or due to specific conditions such as death or bankruptcy[521] - The company's board of directors has the power to borrow money, mortgage or charge its property, and issue debentures, bonds, and other securities[520] - The company's directors have a fiduciary duty to act honestly, in good faith, and in the best interests of the company under Cayman Islands law[519] Employee and Labor Relations - The company has 1,755 full-time employees as of December 31, 2022, with 1,610 in operations and 145 in supporting functions[526] - The company has two trade unions, Cash in Transit Union and Cash in Transit Officer Labour Union, which help protect employee rights and mediate disputes[527] - The company conducts regular meetings with trade unions to discuss the Employee Benefit Agreement (EBA) annually, as required by Thai Labour Laws[528] - All employees undergo a police criminal record check, address proof check, and references check during the recruitment process[531] Shareholder Information - The CEO, Lei Wang, holds 21,333 ordinary shares, representing 1.10% of the total shares[532] - Guardforce AI Technology Ltd is the largest shareholder with 204,166 ordinary shares, representing 10.54% of the total shares[532]

Guardforce AI Co., Ltd (NASDAQ:GFAI) Q4 2021 Earnings Conference Call March 31, 2022 8:30 AM ET Company Participants Terence Yap – Chairman Olivia Wang – Chief Executive Officer Cynthia Ng – Chief Financial Officer Conference Call Participants Mike Albanese – EF Hutton Hunter Diamond – Diamond Equity Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the Guardforce AI Year-End 2021 Corporate Update Conference Call. During today’s presentation, all parties will be in a listen- ...