Mr. David Montpetit reports

D-BOX ANNOUNCES VOTING RESULTS OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

D-Box Technologies Inc. held its annual and special meeting of shareholders today. A total of 102,079,580 Class A common shares of the corporation (representing approximately 46 per cent of all issued and outstanding shares of the corporation) were represented at the meeting. D-Box announces that shareholders of the corporation voted in favour of all items of business put forth at the meeting by the corporation, except for the shareholder proposal from Daniel Marks and Stonehouse Capital Management Inc., which was voted against. The complete voting results for each item of business at the meeting are presented herein.

Election of directors

All of the proposed nominees for the board of directors in the proxy circular dated Aug. 18, 2023, were elected at the meeting.

Appointment of independent auditor

Ernst & Young LLP was appointed as independent auditor of the corporation until the close of the next annual meeting of shareholders, or until their successor is appointed, and the directors were authorized to fix their remuneration.

Shareholder proposal

The shareholder proposal from Daniel Marks and Stonehouse Capital Management Inc., calling for shareholders to resolve that D-Box forms a special committee of independent directors to review the strategic alternatives available to the corporation, was voted against by the shareholders of the corporation.

"We understand that shareholders believe we have made the right decision by creating a strategic review committee tasked with reviewing all strategic alternatives available to D-Box," said the chair of the board of directors of the corporation, Denis Chamberland.

Outlook on expansion of theatrical footprint

On a different note, during the meeting, Sebastien Mailhot, the chief executive officer of the corporation, discussed in his address to shareholders on last year's highlights and fiscal 2024, among other things, the corporation's expansion in theatrical venues. He stated that the corporation had reached a total of 856 cinema screens as of June, 2023, and that the corporation would remain focused on its strategy to expand its theatrical footprint and expected to reach 1,000 screens within the next two to three years.

About D-Box Technologies Inc.

D-Box creates and redefines realistic, immersive commercial and entertainment experiences by moving the body and sparking the imagination through effects: motion, vibration and texture. D-Box has collaborated with some of the best companies in the world to deliver new ways to enhance great stories. Whether it is movies, video games, music, relaxation, virtual reality applications, metaverse experience, themed entertainment or professional simulation, D-Box creates a feeling of presence that makes life resonate like never before. D-Box Technologies is headquartered in Montreal with offices in Los Angeles, United States, and Beijing, China.

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