Mr. Cole Goodwin reports

DGEN TECHNOLOGIES (FORMERLY CHINA KELI ELECTRIC COMPANY) COMPLETES ACQUISITION AND NAME CHANGE AND FILES CSE LISTING STATEMENT

DGEN Technologies Corp. (formerly China Keli Electric Company Ltd.) has completed its previously announced acquisition of DGEN Financial Holdings Corp. (formerly DGEN Technologies Corp.) pursuant to a share exchange agreement dated Dec. 9, 2025, as amended on Aug. 17, 2026 (the SEA), on Oct. 14, 2026.

Pursuant to the transaction, the company acquired all of the issued and outstanding shares of DGEN in exchange for the issuance of an aggregate of 9,550,360 common shares of the company and 7,000,360 common share purchase warrants to certain former shareholders of DGEN. Each warrant entitles the holder to acquire one common share at a price of 25 cents until Oct. 14, 2028. As a result of the transaction, DGEN became a wholly owned subsidiary of the company. As of the date hereof, the company has 29,161,364 common shares and 7,000,360 warrants issued and outstanding.

In connection with the completion of the transaction, the company changed its name from China Keli Electric Company Ltd. to DGEN Technologies Corp. and, hereinafter, will carry on the business of DGEN.

Listing statement

Following the closing of the transaction, the company has filed a CSE Form 2A listing statement dated Oct. 14, 2026, on SEDAR+ under its profile relating to the transaction and the proposed CSE listing. Investors are encouraged to review the ldetailed information about the transaction, the company and its operations.

The company has received conditional approval to list the common shares on the Canadian Securities Exchange (the CSE) and has delisted the common shares from the TSX Venture Exchange in anticipation of listing on the CSE. The common shares are expected to commence trading on the CSE under the symbol DGEN on or about Oct. 20, 2026.

Board of directors and management

Following completion of the transaction, the directors and officers of the company are Cole Goodwin, chief executive officer and director, Philip Lo, chief financial officer, corporate secretary and director, Sean Webster, director, and Yee Man Cheung, director.

Mr. Goodwin is a business executive with over 10 years of experience in alternative and traditional investment markets, financial technology, and corporate operations. His experience includes senior management and board roles with publicly traded companies, including as chief operating officer of Hyper Bit Technologies Ltd. Mr. Goodwin provides the company with strategic and operational oversight in respect of its technology platform, including development and commercialization of payment infrastructure, integration of payment gateways, technology deployment, and vendor management.

Escrow

At the time of listing, the company will have 2,496,000 common shares and one million warrants held by related persons subject to escrow pursuant to an escrow agreement dated Oct. 14, 2026, among the escrowed securityholders, the company and Odyssey Trust Company, as escrow agent, subject to a 36-month release schedule pursuant to National Policy 46-201 -- Escrow for Initial Public Offerings.

About DGEN Technologies Corp.

DGEN Technologies is a Vancouver-based technology company developing a cloud-based payment platform intended to integrate point-of-sale, kiosk, and mobile payment systems into a unified and scalable solution. The company's platform is currently in beta stage and is operational, but has not yet been commercialized or generated revenue.

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