Mr. Michael Au reports

AMV II CAPITAL CORPORATION CLOSES INITIAL PUBLIC OFFERING

AMV II Capital Corp. has successfully completed its initial public offering, raising gross proceeds of $250,000 pursuant to an amended and restated prospectus dated Nov. 15, 2024, amending and restating the prospectus dated Aug. 14, 2024, filed in each of British Columbia, Alberta and Ontario. An aggregate of 2.5 million common shares in the capital of the company were subscribed for at a price of 10 cents per share.

Pursuant to an agency agreement dated Aug. 14, 2024, Research Capital Corp. acted as the agent for the offering. In connection with the offering, the agent received a cash commission of $20,000, a work fee of $22,000 (plus goods and services tax) and an option to purchase up to 200,000 shares at a price of 10 cents per share until Feb. 12, 2030.

The company is a capital pool company (CPC) under the policies of the TSX Venture Exchange and intends to use the net proceeds of the offering to identify and evaluate assets or businesses for acquisition with a view to completing a qualifying transaction under the policies of the exchange. On Feb. 10, 2025, the exchange issued a bulletin announcing the listing of the shares as of market open on Feb. 12, 2025, and immediately halted trading pending completion of the offering. The shares will resume trading under the trading symbol AMV.P on or about Feb. 14, 2025.

Upon closing of the offering, the company granted 650,000 stock options to its directors and officers, which are exercisable until Feb. 12, 2035, at an exercise price of 10 cents per share. Following the closing of the offering, the company now has 6.5 million shares issued and outstanding (four million of which are subject to escrow restrictions as disclosed in the amended and restated prospectus). For further information, please see the amended and restated prospectus, available under the company's profile on SEDAR+.

About AMV II Capital Corp.

AMV II is a capital pool company (CPC) within the meaning of the policies of the exchange that has not commenced commercial operations and has no assets other than cash. The board of directors of the company consists of Qiang Sean Wang, Norman Tsui and Brett A. Kagetsu. The officers of the company consist of Mr. Wang as president and chief executive officer and Michael Au as chief financial officer and corporate secretary. Except as specifically contemplated in the exchange's CPC policy, until the completion of its qualifying transaction, the company will not carry on business, other than the identification and evaluation of companies, business or assets with a view to completing a proposed qualifying transaction.

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