Mr. Fraser Atkinson reports

GREENPOWER ANNOUNCES VOLUNTARY DELISTING FROM THE TSXV

Greenpower Motor Company Inc. will voluntarily delist its common shares from the TSX Venture Exchange, effective the close of business on Nov. 14, 2025. This decision has been made following a thorough review of the company's strategic priorities and operational efficiencies.

Reasons for delisting

The voluntary delisting is driven by the following considerations:

• Low trading volumes: The company has observed consistently low trading volumes on the exchange. For the nine months ended Sept. 30, 2025, the trading of the company's shares on the exchange was less than 2 per cent of the trading volumes on the Nasdaq Stock Market, which does not justify the costs and administrative requirements associated with a continued listing on the exchange.
• Cost-efficiency: Delisting will allow the company to reduce regulatory and compliance costs, enabling it to allocate resources more effectively toward growth initiatives.
• Streamlined operations: This move aligns with the company's broader strategy to simplify its operations and focus on markets that provide greater shareholder value.

Impact on shareholders

The company assures shareholders that this decision will not affect their share ownership. The company intends to maintain its Nasdaq listing, offering shareholders the ability to trade Greenpower shares. The company will remain a reporting issuer under Canadian securities laws, ensuring continued transparency and compliance with regulatory requirements.

Next steps

The company is working closely with the exchange to ensure a smooth transition. Shareholders are encouraged to contact their brokers or financial advisers for guidance on trading options and any necessary account adjustments.

Commitment to shareholders

Greenpower remains committed to delivering long-term value to its shareholders. The decision to delist reflects the company's dedication to optimizing its operations and focusing on initiatives that drive sustainable growth.

About Greenpower Motor Company Inc.

Greenpower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van, and a cab and chassis. Greenpower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM (original equipment manufacturer) platform allows Greenpower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. Greenpower was founded in Vancouver, Canada, with primary operational facilities in Southern California. Listed on the TSX-V since November, 2015, Greenpower completed its U.S. IPO (initial public offering) and Nasdaq listing in August, 2020.

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