Mr. Tony Chan reports

SMARTWELL CONFIRMS SUSPENSION OF TRADING

Further to its news release of Sept. 8, 2026, Smartwell Technology Corp. has confirmed that the TSX Venture Exchange suspended trading in the company's securities on Sept. 8, 2026, as a result of a cease trade order (CTO) issued by the British Columbia Securities Commission. The CTO was issued as a result of the company's failure to file its unaudited interim financial statements for the period ended June 30, 2026, and the related management's discussion and analysis, and Form 52-109FV2 chief executive officer and chief financial officer certifications of interim filings for this period before the Aug. 31, 2026, filing deadline.

The TSX Venture Exchange has advised the company that a reinstatement to trading is not automatic. Reinstatement to trading can occur only when the CTO is revoked and the TSX-V has concluded its reinstatement review to ensure the company has satisfactorily complied with TSX-V requirements. If the company does not complete its reinstatement to Tier 2 and/or is unable to meet Tier 2 CLR by Dec. 8, 2026, the TSX-V has advised that it may transfer the securities of the company to the NEX, without further notice to the company.

Upon completion of the required filings and revocation of the CTO by the British Columbia Securities Commission, the company will submit the required materials to the TSX-V requesting the reinstatement of trading. Revocation of the CTO and reinstatement of trading are expected to occur within a few days after the required filings are made.

About Smartwell Technology Corp.

Smartwell is a British Columbia-registered AI-powered (artificial intelligence) agricultural technology company with operations across China and North America, the world's two largest agricultural markets. Smartwell is built on a single core AI algorithmic engine, which is deployed across two application-specific platforms: the controlled environment agriculture (CEA) system; and the Yuntong system. The CEA system provides solutions based on AI crop growth models for high-value-added agriculture with an aim to provide intelligent, efficient and environmentally friendly results for its clients, which are growers, insurance corporations, financial institutions and other agricultural enterprises, both private and government owned. The Yuntong system employs satellite remote sensors, unmanned aerial vehicles and agriculture IoT (Internet of things) to analyze data employing proprietary artificial intelligence algorithms to provide relevant information affecting all relevant crop dynamics, including crop identification, crop area, crop growth, yield estimates, pest control, soil dynamics, meteorological variables and predictive forecasting.

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