Ms. Miriam Tuerk reports
CLEAR BLUE TECHNOLOGIES PROVIDES SECOND BI-WEEKLY MCTO DEFAULT STATUS REPORT
Clear Blue Technologies International Inc. is providing this biweekly default status report in accordance with the alternative information guidelines set out in National Policy 12-203 -- Management Cease Trade Orders (NP 12-203).
As previously announced on May 4, 2026, the company applied for, and the British Columbia Securities Commission (the BCSC), as principal regulator, issued a management cease trade order (the MCTO) against the chief executive officer and the chief financial officer of the company. The MCTO was issued in connection with the delay in the filing of the company's audited annual consolidated financial statements, related management's discussion and analysis, and related CEO (chief executive officer) and CFO (chief financial officer) certifications for the financial year ended Dec. 31, 2025, which were required to be filed on or before April 30, 2026.
The MCTO does not affect the ability of shareholders who are not insiders of the company to trade their securities.
Status update
The company's auditor, Kreston GTA LLP, is continuing to complete the remaining audit procedures for the fiscal year ended Dec. 31, 2025. The audit process is progressing and the company now expects to file the annual filings on or about June 23, 2026. The delay beyond the previously communicated target of May 28, 2026, is attributable to the additional time required by the auditor to complete certain remaining procedures. There are no other material changes to the information contained in the company's default announcement dated May 4, 2026, or the first biweekly default status report dated May 18, 2026.
The company continues to work diligently with its auditor to complete the audit and finalize all required filings. The CEO, CFO, board of directors and audit committee continue to monitor progress, and do not foresee any barriers to successful completion of the annual filings within the revised timeline.
The company has not failed to fulfill any of its stated intentions with respect to satisfying the provisions of the alternative information guidelines under NP 12-203.
The company has not identified any subsequent specified default beyond the default which is the subject of the default announcement dated May 4, 2026.
The company is not subject to any insolvency proceedings. There is no other material information concerning the affairs of the company that has not been generally disclosed.
The company will continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and will issue further biweekly default status reports as required until the annual filings have been filed. The company will issue a news release once the annual filings have been completed and filed.
About Clear Blue Technologies International Inc.
Clear Blue Technologies provides Smart Off-Grid power solutions and services for mission-critical infrastructure such as telecommunications, Internet of Things (IoT) and street lighting. The company's technology enables cost savings, predictive maintenance, and reliable power in remote or challenging environments.
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