Mr. Barry Reiter reports

BAYLIN ANNOUNCES VOTING RESULTS FROM THE 2023 ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

Baylin Technologies Inc. has released the results of matters voted on at its annual and special meeting of shareholders held on May 11, 2023. The voting results of each such matter are outlined herein.

There were 54,926,545 common shares of the company represented by shareholders present in person or by proxy at the meeting, representing approximately 68.4 per cent of the company's total issued and outstanding common shares as at the record date for the meeting.

Matter 1: election of directors

On a vote by way of ballot, each of the six nominees proposed by management was elected to serve as a director of the company to hold office for the ensuing year or until a successor is elected or appointed.

               VOTING RESULTS FOR ELECTION OF DIRECTORS

Nominee                    Votes in favour            Votes withheld     

                         Number   Percentage       Number   Percentage

Janice Davis         53,551,431        99.76      126,323         0.24      
Bejoy Pankajakshan   53,545,760        99.75      131,994         0.25      
Barry Reiter         53,427,207        99.53      250,547         0.47      
Jeffrey Royer        53,467,307        99.61      210,447         0.39      
David Saska          53,557,807        99.78      119,947         0.22      
Donald Simmonds      53,576,307        99.81      101,447         0.19      
Harold Wolkin        53,210,365        99.13      467,389         0.87      

Matter 2: appointment of auditor

On a vote by way of ballot, RSM Canada LLP was appointed auditor of the company to hold office until the next annual meeting of shareholders, at a remuneration to be fixed by the directors of the company.

         VOTING RESULTS FOR AUDITOR

    Votes in favour           Votes withheld    

Number     Percentage      Number   Percentage

54,613,404      99.87      69,773         0.13      

Matter 3: amended and restated omnibus equity incentive plan -- unallocated awards

On a vote by way of ballot, shareholders authorized the company to continue to grant unallocated awards (options, rights and other entitlements) under the amended and restated omnibus equity incentive plan for a further period of three years, all as described in the management information circular for the meeting.

     VOTING RESULTS FOR UNALLOCATED AWARDS

   Votes in favour              Votes against      

Number      Percentage       Number   Percentage

53,168,696       99.05      509,058         0.95      

Matter 4: amended and restated omnibus equity incentive plan -- amendment to increase the number of common shares issuable under the plan

On a vote by way of ballot, shareholders approved an amendment to the amended and restated omnibus equity incentive plan to increase the number of common shares issuable under the plan from 10 per cent to 12 per cent of the number of common shares outstanding from time to time, all as described in the management information circular for the meeting.

        VOTING RESULTS FOR INCREASE 
        TO NUMBER OF SHARES ISSUABLE

   Votes in favour              Votes against  
    
Number     Percentage       Number   Percentage

53,053,342      98.84      642,412         1.16      

About Baylin Technologies Inc.

Baylin is a diversified global wireless technology company. It focuses on the research, design, development, manufacture and sale of passive and active radio frequency products, satellite communications products, and supporting services.