Mr. Todd Haugen reports

ENABLENCE TECHNOLOGIES INC. ANNOUNCES C$25 MILLION STRATEGIC INVESTMENT

Enablence Technologies Inc. has entered into an agreement with Collingwood Investments Inc. for a strategic $25-million equity investment in Enablence.

The offering will consist of the issuance of 3,226,000 common shares of the company at a price of $7.75 per common share, representing a premium of approximately 21 per cent to the closing price of the common shares on the TSX Venture Exchange as of the close of markets on Sept. 14, 2026. The company intends to use the net proceeds of the offering for planned capital expenditures to expand capacity at its fab facilities in Silicon Valley and Vietnam, working capital to support growing sales volumes, and general corporate purposes.

"This strategic investment from Collingwood Investments Inc. represents a milestone for Enablence's technology leadership and growth trajectory," said Todd Haugen, chief executive officer of Enablence. "The capital will enable us to accelerate our expansion plans and strengthen our competitive position in the rapidly evolving photonics market. We are pleased to welcome a sophisticated, long-term-oriented investor to our shareholder base."

The offering is expected to close by the end of September, 2026, subject to the satisfaction or waiver of all closing conditions and receipt of all necessary approvals.

Completion of the offering remains subject to customary closing conditions, including the execution of an investor rights agreement between the company and the investor at closing of the offering.

Pursuant to the investor rights agreement, the investor will be granted pro rata pre-emptive rights on all future issuances of equity securities by the company, including securities convertible into equity securities, subject to customary exceptions.

All securities issued pursuant to the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.

Paradigm Capital Inc. is acting as exclusive financial adviser to the company in connection with the offering. Bennett Jones LLP is acting as legal adviser to the company in connection with the offering.

Required early warning disclosure

Prior to entering into the subscription agreement, the investor did not beneficially own or have control or direction over any common shares. After giving effect to closing of the offering, the investor will beneficially own, or control or direct, directly or indirectly, 3,226,000 common shares, representing approximately 13.3 per cent of the issued and outstanding common shares (assuming 21,072,195 common shares are issued and outstanding immediately prior to giving effect to the offering). The investor is acquiring the common shares for investment purposes. The investor has no current plan or intentions which relate to, or would result in, acquiring additional securities of the company, disposing of securities of the company, or any of the other actions enumerated in item (a) through (k) of Item 5 of the investor's early warning report. Depending on market conditions, the investor's view of the company's prospects and other factors the investor considers relevant, the investor may acquire additional securities of the company from time to time in the future, in the open market or pursuant to privately negotiated transactions, or may sell all or a portion of its securities of the company or take any of the other enumerated actions.

In connection with the offering, the investor and the company will enter into the investor rights agreement, pursuant to which the investor will be granted certain pre-emptive rights on future issuances of equity securities by the company, subject to customary exceptions. The investor will agree, for a period of one-year postclosing, not to enter into any agreement regarding the voting of the common shares acquired pursuant to the offering with any entities that are affiliates of Paradigm Capital Inc. or any person who is not an affiliate of the investor. The investor rights agreement will terminate upon the earlier of the investor owning less than 5.0 per cent of the common shares of the company and the written agreement of the parties.

An early warning report with additional information in respect of the foregoing matters will be made available under the company's profile on SEDAR+ or may be obtained directly upon request by contacting the company.

About Enablence Technologies Inc.

Enablence is a publicly traded company listed on the TSX Venture Exchange that designs, markets and sells optical chips and subsystems, primarily in the form of planar lightwave circuits, on silicon-based chips for datacom, telecom, automotive and artificial intelligence 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, 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.

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