Mr. Mervyn Pinto reports

MINAEAN ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION AND NAME CHANGE TO GLOBAL POWER SOLUTIONS CORP.

Further to its news release dated Nov. 20, 2025, Minaean SP Construction Corp. has received approval from the TSX Venture Exchange to change the company's name to Global Power Solutions Corp. and to consolidate the company's outstanding common shares on the basis of one new common share for every five common shares.

The name change and consolidation are expected to become effective on or about Dec. 16, 2025, and the company will trade under the symbol PWER and under the new Cusip number/ISIN (international securities identification number) 37893J100/CA37893J1003.

"With the name change, we are making it clear to the market and world, as per our past few news releases, that Minaean's business strategy is being expanded to the pursuit of other industrial opportunities, including the development and execution of various types of power projects," stated Mervyn Pinto, chief executive officer, president and director.

About Minaean SP Construction Corp.

Minaean SP Construction is a company well known for its pioneering efforts in the manufacture of light gauge steel components for the construction industry and modular metal buildings. The business strategy of the company is being expanded to the pursuit of other industrial opportunities, including the development and execution of solar power projects.

The shares of Minaean SP Construction are publicly traded on the TSX-V under the symbol MSP and on the Berlin and Frankfurt stock exchanges under the symbol NJA.

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