Mr. Alexandre Mongeon reports

VISION MARINE TECHNOLOGIES ANNOUNCES CORPORATE GOVERNANCE UPDATE

Vision Marine Technologies Inc. has filed the meeting materials in connection with the company's special meeting of shareholders, scheduled for Aug. 20, 2026. At the meeting, shareholders will be asked to approve a proposed share consolidation within a range of 1:5 to 1:10, if determined advisable by the board of directors.

The proposed consolidation is intended to preserve strategic flexibility with respect to continued listing requirements, including compliance with the minimum bid price requirement under the Nasdaq Stock Market listing rules. The proposed consolidation remains subject to shareholder approval and the approval of the TSX Venture Exchange.

Complete meeting materials are available through the company's public filings. Please consult the meeting materials for additional details regarding the proposed consolidation.

About Vision Marine Technologies Inc.

Vision Marine is a marine technology and recreational boating company focused on delivering an enhanced on-water experience across propulsion types.

The company develops proprietary high-voltage electric propulsion technology through its E-Motion platform and supports its commercialization through a retail, marina, service and delivery platform. Vision Marine's integrated operating model combines technology development, consumer access, service infrastructure and multibrand boating operations.

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