Mr. Todd Haugen reports

ENABLENCE TECHNOLOGIES ANNOUNCES ADOPTION OF EQUITY INCENTIVE PLAN

At Enablence Technologies Inc.'s annual general and special meeting held on June 22, 2026, the shareholders of the company adopted an omnibus incentive plan, which has a 10-per-cent rolling stock option component and 10-per-cent fixed restricted share unit, performance share unit and deferred share unit components reserving an aggregate of 2,107,019 shares for issuance. Shareholder approval of the plan must be obtained annually at the company's annual general meeting. In addition, the plan must be submitted to the TSX Venture Exchange for review and acceptance on an annual basis.

About Enablence Technologies Inc.

Enablence is a publicly traded company listed on the TSX Venture Exchange that designs, markets and sells chips and subsystems, primarily in the form of planar lightwave circuits (PLC) on silicon-based chips for datacom, telecom, automotive and artificial intelligence (AI) applications. Enablence products serve a global customer base, primarily focused today on data centre and other rapidly growing end-markets. Enablence also works with customers that have emerging market uses for its technology, including medical devices, automotive lidar (light detection and ranging), and virtual and augmented reality headsets. In select strategic circumstances, the company also uses its proprietary, non-captive fabrication plant in Fremont, Calif., to manufacture chips designed by third party customers.

We seek Safe Harbor.