Mr. Todd Shapiro reports

RED LIGHT HOLLAND ANNOUNCES SHAREHOLDER APPROVAL OF NAME CHANGE AND ANNOUNCES VOTING RESULTS FROM 2026 ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

Red Light Holland Corp. shareholders overwhelmingly approved the company's proposed corporate name change at the company's annual general and special meeting of shareholders, held on Monday, May 11, 2026, at the company's office in Toronto.

The special resolution approving the company's proposed name change received overwhelming shareholder support. The company is continuing to evaluate and finalize its new corporate name and will announce the effective date of the name change once finalized with the applicable regulatory authorities and the Canadian Securities Exchange.

Todd Shapiro, chief executive officer and director of Red Light Holland, stated:

"On behalf of our board of directors and management team, I want to sincerely thank our shareholders for their continued trust, engagement and support as we evolve the company. The overwhelming support shown for the proposed name change and our board of directors reflects a shared belief in our broader vision, expanding opportunities and future direction. We remain deeply committed to creating long-term shareholder value while continuing to build strategically and responsibly."

In addition to approving the proposed name change, shareholders approved all other matters brought before the meeting, including:

• Reappointment of the company's auditor;
• Approval of the proposed share consolidation;
• Election of all nominated directors with strong shareholder support.

Directors elected at the meeting included Todd Shapiro, Brad J. Lamb, Michael Galloro, Binyomin Posen and Ben Lightburn.

The company appreciates the participation and support of its shareholders and looks forward to providing further updates regarding the implementation of the approved initiatives in due course.

Chief financial officer notice of resignation

The company also announces that Keith Li, CFO of the company, has provided notice of his intention to resign from his position as CFO. Mr. Li has agreed to stay on until a new CFO is named, and has assured the company he will provide assistance until the completion of the company's annual audit and, as well, to assist the company in the recruitment and training of his successor. The board of directors thanks Mr. Li for his contributions to the company and wishes him well in his future endeavours.

Issuance of share-for-debt settlement

In addition, as previously announced, the company has settled $735,874.22 of amounts owing to an arm's-length creditor through the issuance of 18,396,855 common shares in the capital of the corporation at the deemed price of four cents per share.

About Red Light Holland Corp.

Red Light Holland is an Ontario-based corporation engaged in the production, growth and sale of functional mushrooms and mushroom-based products, while continuing to explore opportunities within emerging wellness and consumer packaged goods sectors.

We seek Safe Harbor.