Mr. Hyonmyong Cho reports

DESTINY MEDIA TECHNOLOGIES INC. APPOINTS SHARATH CHERIAN AS CHIEF EXECUTIVE OFFICER, EFFECTIVE JULY 15, 2026

Destiny Media Technologies Inc. has appointed Sharath Cherian as chief executive officer, effective July 15, 2026.

Mr. Cherian brings a unique blend of industry experience and entrepreneurial success to the role. Notably, Mr. Cherian founded HipHopDX, a prominent music industry media outlet, which he built and ultimately sold to Warner Music Group. Hyonmyong Cho, chairman of the board, who has served as Destiny's interim chief executive officer, will step down from that temporary role while remaining chairman, effective July 15, 2026.

"We are thrilled to welcome Sharath as our new CEO," said Mr. Cho. "Sharath is a leader with a proven track record of driving profitable growth, combining sharp entrepreneurial instincts with robust executive experience. Having worked closely with him over the past year in his capacity as a strategic consultant to our company, the board, management and I have first-hand knowledge of his broad industry connections, exceptional leadership skills and deep understanding of our business model. His prior consulting work with us makes this a seamless transition as I hand over the executive reins."

"I am honoured to lead Destiny Media into its next chapter," said Mr. Cherian. "During my time advising the company as a consultant, I was incredibly impressed by the powerful customer value proposition, the talent of the team and the market opportunity ahead. Having built a business in this space from the ground up, I see tangible opportunities to accelerate profitable growth and scale our current offerings. I am excited to work alongside the team to deliver maximum value for our customers and shareholders."

About Destiny Media Technologies Inc.

Destiny provides software-as-a-service (SaaS) solutions to businesses in the music industry solving critical problems in distribution and promotion. The core service, Play MPE, provides promotional music marketing to engaged networks of decision makers in radio, film, television and beyond.

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