Tag: GlobeNewswire

BEIJING, Nov. 01, 2026 (GLOBE NEWSWIRE) — During the 2026 Chery International User Summit, hosted by Chery Automobile (9973.HK) in Wuhu, international guests tested FREELANDER 8 across mud, steep slopes and paved roads, offering first-hand feedback on the brand’s approach to combining all-terrain capability with everyday comfort. FREELANDER is a British Premium Intelligent All-Terrain Brand, jointly developed by JLR and Chery.

Testing in Rain and Mud

The programme brought together driving experiences at Tuju Campground, an obstacle course and a paved test course. Rain added to the challenge, giving participants an opportunity to assess the vehicle on slippery surfaces as well as on the road.

On a steep descent, a guest from Spain said their heart was “still pounding a little bit”, before adding: “But I trust the car.” A guest from Egypt welcomed the wet conditions as a demanding test of the slope.

A guest drives FREELANDER 8 at Tuju Campground

Comfort on the Road

On the paved course, a guest from the United Kingdom described FREELANDER 8 as “far more comfortable than I had expected.” A guest from Qatar said experiencing the car in person felt different from hearing about its capabilities.

The vehicle’s i-ATS Intelligent All-Terrain System offers nine terrain modes, while its All-Terrain Dual Lock System helps maintain traction. Dual-chamber air suspension with Continuously Controlled Damping supports ride comfort across changing surfaces.

Intelligent Parking

The programme also introduced SIVP, or Super Intelligent Valet Parking, for parking and vehicle recall through a smartphone app in supported scenarios. Availability is market-dependent and subject to system operating conditions; the driver remains responsible at all times.

The guests’ responses highlighted how confidence on difficult terrain and comfort on ordinary roads both shape perceptions of the brand.

Media contact
Daniel Bao
freelander.international@mychery.com
https://www.cheryinternational.com/

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/ddbb9207-a18e-4581-a6d2-7c8ccb5d35b0

• 34,246 vehicles were delivered in October 2026
• 334,547 vehicles were delivered year-to-date in 2026, increasing by 38.5% year-over-year
• Cumulative deliveries reached 1,332,139 as of October 31, 2026

SHANGHAI, Nov. 01, 2026 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced its October 2026 delivery results.

The Company delivered 34,246 vehicles in October 2026. The deliveries consisted of 18,125 vehicles from NIO brand, 8,383 vehicles from ONVO brand, and 7,738 vehicles from FIREFLY brand. Cumulative deliveries reached 1,332,139 as of October 31, 2026.

On October 23, 2026, the NIO All-New ES8 reached its 160,000th delivery. From January to October 2026, the NIO All-New ES8 has ranked first in cumulative retail sales volume in both the large SUV segment and the RMB400,000-level vehicle segment in China. As the industry transitions from spec-led to brand-driven competition, sustained sales momentum for the NIO All-New ES8 further enhances recognition of the NIO brand in the premium market.

About NIO Inc.
NIO Inc. is a pioneer and a leading company in the global smart electric vehicle market. Founded in November 2014, NIO aspires to shape a sustainable and brighter future with the mission of “Blue Sky Coming”. NIO envisions itself as a user enterprise where innovative technology meets experience excellence. NIO designs, develops, manufactures and sells smart electric vehicles, driving innovations in next-generation core technologies. NIO distinguishes itself through continuous technological breakthroughs and innovations, exceptional products and services, and a community for shared growth. NIO provides premium smart electric vehicles under the NIO brand, premium smart electric vehicles for families through the ONVO brand, and high-end smart electric compact cars with the FIREFLY brand.

Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. NIO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in announcements, circulars or other publications made on the websites of each of The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIO’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIO’s strategies; NIO’s future business development, financial condition and results of operations; NIO’s ability to develop and manufacture vehicles of sufficient quality and appeal to customers on schedule and on a large scale; its ability to ensure and expand manufacturing capacities including establishing and maintaining partnerships with third parties; its ability to provide convenient and comprehensive power solutions to its customers; the viability, growth potential and prospects of the battery swapping, BaaS, and NIO Assisted and Intelligent Driving and its subscription services; its ability to improve the technologies or develop alternative technologies in meeting evolving market demand and industry development; NIO’s ability to satisfy the mandated safety standards relating to motor vehicles; its ability to secure supply of raw materials or other components used in its vehicles; its ability to secure sufficient reservations and sales of its vehicles; its ability to control costs associated with its operations; its ability to build its current and future brands; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIO’s filings with the SEC and the announcements and filings on the websites of each of the SEHK and SGX-ST. All information provided in this press release is as of the date of this press release, and NIO does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please visit: http://ir.nio.com

Investor Relations
ir@nio.com

Media Relations
global.press@nio.com

• 34,246 vehicles were delivered in October 2026
• 334,547 vehicles were delivered year-to-date in 2026, increasing by 38.5% year-over-year
• Cumulative deliveries reached 1,332,139 as of October 31, 2026

SHANGHAI, Nov. 01, 2026 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced its October 2026 delivery results.

The Company delivered 34,246 vehicles in October 2026. The deliveries consisted of 18,125 vehicles from NIO brand, 8,383 vehicles from ONVO brand, and 7,738 vehicles from FIREFLY brand. Cumulative deliveries reached 1,332,139 as of October 31, 2026.

On October 23, 2026, the NIO All-New ES8 reached its 160,000th delivery. From January to October 2026, the NIO All-New ES8 has ranked first in cumulative retail sales volume in both the large SUV segment and the RMB400,000-level vehicle segment in China. As the industry transitions from spec-led to brand-driven competition, sustained sales momentum for the NIO All-New ES8 further enhances recognition of the NIO brand in the premium market.

About NIO Inc.
NIO Inc. is a pioneer and a leading company in the global smart electric vehicle market. Founded in November 2014, NIO aspires to shape a sustainable and brighter future with the mission of “Blue Sky Coming”. NIO envisions itself as a user enterprise where innovative technology meets experience excellence. NIO designs, develops, manufactures and sells smart electric vehicles, driving innovations in next-generation core technologies. NIO distinguishes itself through continuous technological breakthroughs and innovations, exceptional products and services, and a community for shared growth. NIO provides premium smart electric vehicles under the NIO brand, premium smart electric vehicles for families through the ONVO brand, and high-end smart electric compact cars with the FIREFLY brand.

Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. NIO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in announcements, circulars or other publications made on the websites of each of The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIO’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIO’s strategies; NIO’s future business development, financial condition and results of operations; NIO’s ability to develop and manufacture vehicles of sufficient quality and appeal to customers on schedule and on a large scale; its ability to ensure and expand manufacturing capacities including establishing and maintaining partnerships with third parties; its ability to provide convenient and comprehensive power solutions to its customers; the viability, growth potential and prospects of the battery swapping, BaaS, and NIO Assisted and Intelligent Driving and its subscription services; its ability to improve the technologies or develop alternative technologies in meeting evolving market demand and industry development; NIO’s ability to satisfy the mandated safety standards relating to motor vehicles; its ability to secure supply of raw materials or other components used in its vehicles; its ability to secure sufficient reservations and sales of its vehicles; its ability to control costs associated with its operations; its ability to build its current and future brands; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIO’s filings with the SEC and the announcements and filings on the websites of each of the SEHK and SGX-ST. All information provided in this press release is as of the date of this press release, and NIO does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please visit: http://ir.nio.com

Investor Relations
ir@nio.com

Media Relations
global.press@nio.com

BEIJING, China, Nov. 01, 2026 (GLOBE NEWSWIRE) — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it delivered 29,025 vehicles in October 2026. As of October 31, 2026, Li Auto’s cumulative deliveries reached 1,862,676.

In October, Li Auto delivered over 3,000 units of the new Li MEGA. The Company also introduced its proprietary Lianshan Battery and Lianshan Motor, along with the Lianshan Battery Warranty Program. The 2026 Li i6, launched on October 28, is equipped with the Lianshan Battery, the MACH M100 chip, and more than 20 additional upgrades in intelligence and configuration, enhancing its range, assisted driving capabilities, and riding experience. In November, Li Auto will begin rolling out OTA 9.2, featuring the upgraded MACH VLA 2.5 and multiple refined cockpit Agent features.

As of October 31, 2026, the Company had 481 retail stores in 159 cities, 527 servicing centers and Li Auto-authorized servicing shops operating in 217 cities. The Company also had 4,206 super charging stations in operation equipped with 23,163 charging stalls in China.

About Li Auto Inc.

Li Auto Inc. is a leader in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Its mission is: Be Proactive, Change the World. Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and comfortable products and services. Li Auto is a pioneer in successfully commercializing extended-range electric vehicles in China. While firmly advancing along this technological route, it builds platforms for battery electric vehicles in parallel. The Company leverages technology to create value for users. It concentrates its in-house development efforts on proprietary range extension systems, innovative electric vehicle technologies, and smart vehicle solutions. The Company started volume production in November 2019. It offers high-tech flagship family MPVs, Li L series extended-range electric SUVs, and Li i series battery electric SUVs. The Company will continue to expand its product lineup to target a broader user base.

For more information, please visit: https://ir.lixiang.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “targets,” “likely to,” “challenges,” and similar statements. Li Auto may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”) and The Stock Exchange of Hong Kong Limited (the “HKEX”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about Li Auto’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Li Auto’s strategies, future business development, and financial condition and results of operations; Li Auto’s limited operating history; risks associated with extended-range electric vehicles and high-power charging battery electric vehicles; Li Auto’s ability to develop, manufacture, and deliver vehicles of high quality and appeal to customers; Li Auto’s ability to generate positive cash flow and profits; product defects or any other failure of vehicles to perform as expected; Li Auto’s ability to compete successfully; Li Auto’s ability to build its brand and withstand negative publicity; cancellation of orders for Li Auto’s vehicles; Li Auto’s ability to develop new vehicles; and changes in consumer demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Li Auto’s filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and Li Auto does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Li Auto Inc.
Investor Relations
Email: ir@lixiang.com

Christensen Advisory
Tel: +86-10-5900-1548
Email: Li@christensencomms.com

BEIJING, China, Nov. 01, 2026 (GLOBE NEWSWIRE) — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it delivered 29,025 vehicles in October 2026. As of October 31, 2026, Li Auto’s cumulative deliveries reached 1,862,676.

In October, Li Auto delivered over 3,000 units of the new Li MEGA. The Company also introduced its proprietary Lianshan Battery and Lianshan Motor, along with the Lianshan Battery Warranty Program. The 2026 Li i6, launched on October 28, is equipped with the Lianshan Battery, the MACH M100 chip, and more than 20 additional upgrades in intelligence and configuration, enhancing its range, assisted driving capabilities, and riding experience. In November, Li Auto will begin rolling out OTA 9.2, featuring the upgraded MACH VLA 2.5 and multiple refined cockpit Agent features.

As of October 31, 2026, the Company had 481 retail stores in 159 cities, 527 servicing centers and Li Auto-authorized servicing shops operating in 217 cities. The Company also had 4,206 super charging stations in operation equipped with 23,163 charging stalls in China.

About Li Auto Inc.

Li Auto Inc. is a leader in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Its mission is: Be Proactive, Change the World. Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and comfortable products and services. Li Auto is a pioneer in successfully commercializing extended-range electric vehicles in China. While firmly advancing along this technological route, it builds platforms for battery electric vehicles in parallel. The Company leverages technology to create value for users. It concentrates its in-house development efforts on proprietary range extension systems, innovative electric vehicle technologies, and smart vehicle solutions. The Company started volume production in November 2019. It offers high-tech flagship family MPVs, Li L series extended-range electric SUVs, and Li i series battery electric SUVs. The Company will continue to expand its product lineup to target a broader user base.

For more information, please visit: https://ir.lixiang.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “targets,” “likely to,” “challenges,” and similar statements. Li Auto may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”) and The Stock Exchange of Hong Kong Limited (the “HKEX”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about Li Auto’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Li Auto’s strategies, future business development, and financial condition and results of operations; Li Auto’s limited operating history; risks associated with extended-range electric vehicles and high-power charging battery electric vehicles; Li Auto’s ability to develop, manufacture, and deliver vehicles of high quality and appeal to customers; Li Auto’s ability to generate positive cash flow and profits; product defects or any other failure of vehicles to perform as expected; Li Auto’s ability to compete successfully; Li Auto’s ability to build its brand and withstand negative publicity; cancellation of orders for Li Auto’s vehicles; Li Auto’s ability to develop new vehicles; and changes in consumer demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Li Auto’s filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and Li Auto does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Li Auto Inc.
Investor Relations
Email: ir@lixiang.com

Christensen Advisory
Tel: +86-10-5900-1548
Email: Li@christensencomms.com

BEIJING, China, Nov. 01, 2026 (GLOBE NEWSWIRE) — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it delivered 29,025 vehicles in October 2026. As of October 31, 2026, Li Auto’s cumulative deliveries reached 1,862,676.

In October, Li Auto delivered over 3,000 units of the new Li MEGA. The Company also introduced its proprietary Lianshan Battery and Lianshan Motor, along with the Lianshan Battery Warranty Program. The 2026 Li i6, launched on October 28, is equipped with the Lianshan Battery, the MACH M100 chip, and more than 20 additional upgrades in intelligence and configuration, enhancing its range, assisted driving capabilities, and riding experience. In November, Li Auto will begin rolling out OTA 9.2, featuring the upgraded MACH VLA 2.5 and multiple refined cockpit Agent features.

As of October 31, 2026, the Company had 481 retail stores in 159 cities, 527 servicing centers and Li Auto-authorized servicing shops operating in 217 cities. The Company also had 4,206 super charging stations in operation equipped with 23,163 charging stalls in China.

About Li Auto Inc.

Li Auto Inc. is a leader in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Its mission is: Be Proactive, Change the World. Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and comfortable products and services. Li Auto is a pioneer in successfully commercializing extended-range electric vehicles in China. While firmly advancing along this technological route, it builds platforms for battery electric vehicles in parallel. The Company leverages technology to create value for users. It concentrates its in-house development efforts on proprietary range extension systems, innovative electric vehicle technologies, and smart vehicle solutions. The Company started volume production in November 2019. It offers high-tech flagship family MPVs, Li L series extended-range electric SUVs, and Li i series battery electric SUVs. The Company will continue to expand its product lineup to target a broader user base.

For more information, please visit: https://ir.lixiang.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “targets,” “likely to,” “challenges,” and similar statements. Li Auto may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”) and The Stock Exchange of Hong Kong Limited (the “HKEX”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about Li Auto’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Li Auto’s strategies, future business development, and financial condition and results of operations; Li Auto’s limited operating history; risks associated with extended-range electric vehicles and high-power charging battery electric vehicles; Li Auto’s ability to develop, manufacture, and deliver vehicles of high quality and appeal to customers; Li Auto’s ability to generate positive cash flow and profits; product defects or any other failure of vehicles to perform as expected; Li Auto’s ability to compete successfully; Li Auto’s ability to build its brand and withstand negative publicity; cancellation of orders for Li Auto’s vehicles; Li Auto’s ability to develop new vehicles; and changes in consumer demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Li Auto’s filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and Li Auto does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Li Auto Inc.
Investor Relations
Email: ir@lixiang.com

Christensen Advisory
Tel: +86-10-5900-1548
Email: Li@christensencomms.com

BEIJING, China, Nov. 01, 2026 (GLOBE NEWSWIRE) — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it delivered 29,025 vehicles in October 2026. As of October 31, 2026, Li Auto’s cumulative deliveries reached 1,862,676.

In October, Li Auto delivered over 3,000 units of the new Li MEGA. The Company also introduced its proprietary Lianshan Battery and Lianshan Motor, along with the Lianshan Battery Warranty Program. The 2026 Li i6, launched on October 28, is equipped with the Lianshan Battery, the MACH M100 chip, and more than 20 additional upgrades in intelligence and configuration, enhancing its range, assisted driving capabilities, and riding experience. In November, Li Auto will begin rolling out OTA 9.2, featuring the upgraded MACH VLA 2.5 and multiple refined cockpit Agent features.

As of October 31, 2026, the Company had 481 retail stores in 159 cities, 527 servicing centers and Li Auto-authorized servicing shops operating in 217 cities. The Company also had 4,206 super charging stations in operation equipped with 23,163 charging stalls in China.

About Li Auto Inc.

Li Auto Inc. is a leader in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Its mission is: Be Proactive, Change the World. Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and comfortable products and services. Li Auto is a pioneer in successfully commercializing extended-range electric vehicles in China. While firmly advancing along this technological route, it builds platforms for battery electric vehicles in parallel. The Company leverages technology to create value for users. It concentrates its in-house development efforts on proprietary range extension systems, innovative electric vehicle technologies, and smart vehicle solutions. The Company started volume production in November 2019. It offers high-tech flagship family MPVs, Li L series extended-range electric SUVs, and Li i series battery electric SUVs. The Company will continue to expand its product lineup to target a broader user base.

For more information, please visit: https://ir.lixiang.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “targets,” “likely to,” “challenges,” and similar statements. Li Auto may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”) and The Stock Exchange of Hong Kong Limited (the “HKEX”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about Li Auto’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Li Auto’s strategies, future business development, and financial condition and results of operations; Li Auto’s limited operating history; risks associated with extended-range electric vehicles and high-power charging battery electric vehicles; Li Auto’s ability to develop, manufacture, and deliver vehicles of high quality and appeal to customers; Li Auto’s ability to generate positive cash flow and profits; product defects or any other failure of vehicles to perform as expected; Li Auto’s ability to compete successfully; Li Auto’s ability to build its brand and withstand negative publicity; cancellation of orders for Li Auto’s vehicles; Li Auto’s ability to develop new vehicles; and changes in consumer demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Li Auto’s filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and Li Auto does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Li Auto Inc.
Investor Relations
Email: ir@lixiang.com

Christensen Advisory
Tel: +86-10-5900-1548
Email: Li@christensencomms.com

VANCOUVER, British Columbia, Oct. 31, 2026 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated data center and digital assets technology company, today announced that the Company and its affiliates have not been affected by the recent Binance security incident and that all client assets remain secure.

DMG and its affiliates prioritize information security, fraud prevention and asset protection. The Company’s security framework combines restricted access, separation of duties and multiple levels of transaction approval. Together, these controls are designed to ensure that a single compromised device does not provide a user the authority needed to initiate, approve or complete an unauthorized transaction.

Building Enterprise Value Through Intellectual Property

Beyond ensuring robust security for digital assets, DMG continues to advance its proprietary infrastructure solutions. DMG has strategically developed a patent portfolio to differentiate itself from commoditized digital asset infrastructure providers and transition to an enterprise-grade blockchain technology provider. By systematically securing intellectual property across institutional compliance, network verification and proprietary transaction routing, DMG directly supports the enablement of institutional blockchain adoption.

For shareholders, this comprehensive IP portfolio establishes a defensible competitive position for DMG’s digital asset platform and helps position DMG to capture specialized transaction processing revenues across global blockchain ecosystems. Accelerating this strategy, DMG was granted two foundational U.S. patents in 2026:

U.S. Patent No. 12,548,012: Custom Mempool Protocol Associated with Processing of Cryptographic Events (Granted: February 10, 2026)

This patent establishes a proprietary custom mempool protocol that secures and accelerates how cryptographic events and ordinals are routed, batched and confirmed on-chain. Rather than exposing unconfirmed transactions to public peer-to-peer networks, the technology creates a direct pipeline between applications and participating mining nodes, while maintaining full compliance with public blockchain consensus algorithms.

“Securing U.S. Patent 12,548,012 validates the groundbreaking architecture that DMG developed to bring institutional-grade predictability to blockchain networks,” stated Sheldon Bennett, CEO of DMG. “By bypassing public node congestion and routing transactions through a controlled mempool pipeline, our approach sets a new benchmark for how enterprises can securely transact with complete confidence and compliance.”

U.S. Patent No. 12,744,684: Multiple Ordinals in One Transmission (Granted: September 22, 2026)

DMG’s newest patent modernizes how digital assets and data are inscribed onto the blockchain. By embedding multiple ordinals directly into transaction data fields and hashing them simultaneously into each block, the system significantly increases batch-processing efficiency, lowers transaction overhead and enables seamless on-chain storage without network congestion.

Issued Patent Portfolio Overview

DMG’s global intellectual property holdings currently include 9 issued patents, 2 allowed applications and 13 pending applications across the United States, Canada, Europe, Australia and WIPO:

Patent Number	Grant Date	Technology Domain	Strategic Value and Commercial Application
US 11,188,899	Nov 30, 2021	Off-Network Identity Attribution	Maps public wallet addresses to cryptocurrency exchanges to satisfy institutional AML/KYC requirements and regulatory transparency.
US 11,257,089	Feb 22, 2022	Cryptographic Taint Tracking	Provides real-time detection and quarantining of wallet addresses associated with illicit and criminal funds.
US 11,373,170	Jun 28, 2022	Custom Mempool Protocol (“Green Miners”)	Enables direct miner transaction routing to support ESG-tailored, compliance-focused transaction processing.
US 11,810,103	Nov 7, 2023	Custom Mempool Protocol (“Ordinals”)	Specialized mempool channels engineered to process and batch non-standard digital asset transactions.
US 12,067,572	Aug 20, 2024	Advanced Forensic Taint Tracking	Multi-wallet distribution analysis and automated risk-scoring to quarantine illicit funds prior to on-chain execution.
US 12,200,137	Jan 14, 2025	Hash Rate Validation	Real-time, packet-level network verification of miner computing capacity for operational auditing and pool transparency.
US 12,315,009	May 27, 2025	“Clean Block” Technology	Dynamic allow/deny list filtering that purges unwanted transactions and prevents illicit transfers from entering mined blocks.
US 12,548,012	Feb 10, 2026	Enterprise Mempool Pipeline	Private-to-miner transaction routing that bypasses the public mempool, eliminating front-running and fee volatility.
US 12,744,684	Sep 22, 2026	Multi-Asset Inscription Protocol	High-density batching and simultaneous hashing of multiple ordinals into a single transaction to maximize block-space efficiency.

Grant of Stock Options and RSUs

DMG announces the granting of stock options and RSUs to employees and directors of the Company. A total of 105,100 stock options (“Options”) and 1,045,500 restricted stock units (“RSUs”) have been granted. The Options are exercisable over five years at a price of $0.40 per share, with vesting in 25% increments on the six-, 12-, 18-, and 24-month anniversaries of the grant date. The RSUs vest in one year; these grants are designed to create an incentive structure that aligns longer-term performance with the Company’s growth.

About DMG Blockchain Solutions Inc.

DMG is a sustainable, vertically integrated data center and digital assets technology company that develops, manages and operates comprehensive platform solutions to monetize the artificial intelligence (AI) and blockchain ecosystems. The Company’s operations are driven by two strategic pillars: Data Center Infrastructure (Core) and Digital Asset Financial Services (Core+). DMG is expanding its platform to include AI and sovereign compute solutions, supporting government, enterprise and research organizations across Canada.

For more information on DMG Blockchain Solutions, visit: www.dmgblockchain.com
Follow @dmgblockchain on X and subscribe to DMG’s YouTube channel.

For further information, please contact:

On behalf of the Board of Directors,

Sheldon Bennett, CEO & Director
Tel: +1 (778) 300-5406
Email: investors@dmgblockchain.com
Web: www.dmgblockchain.com

For Investor Relations:
investors@dmgblockchain.com

For Media Inquiries:
communications@dmgblockchain.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include the Company’s strategy for growth, the planned monetization of certain product and service offerings, developing and executing on the Company’s products, services and business plans and the potential of the Company’s technology and operations, among others, are all forward-looking information.

Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate mining difficulty.

Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forward-looking wording such as “may,” “expect,” “estimate,” “anticipate,” “intend,” “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company’s financial condition; the ability to remain competitive as other better-financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; the demand and pricing of AI data centers and usage; security threats, including a loss/theft of DMG’s bitcoin; DMG’s relationships with its customers, distributors and business partners; the inability to add more power to DMG’s facilities; DMG’s ability to successfully define, design and release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products and services, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG’s business. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.sedarplus.ca. In addition, DMG’s past financial performance may not be a reliable indicator of future performance.

Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain regulatory approval, the continued availability of capital and financing, equipment and/or infrastructure failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company’s ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG’s products, services, and AI and blockchain technology generally, failure to develop new and innovative products, litigation, lack of demand for the Company’s products and services, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.

Management Commentary

In the 2025/2026 financial year, the Group continued to implement the debt restructuring plan agreed in the 2024/2025 financial year. At the end of the financial year, the Group successfully completed its exit from the Saaremaa production unit in Estonia, resulting in a one-off gain of EUR 1.0 million, with total proceeds from the disposal amounting to EUR 2.3 million. The sale of the Saaremaa unit brought the Group’s production activities in Estonia to an end and enables the Group to focus on higher value-added products in the UK market. The Management Board would like to thank the Saaremaa team for their contribution and acknowledge Management Board member Timo Pärn for his work in managing the unit and the Group as a whole.

The table below provides a summary of the Group’s results from discontinued and continuing operations.

		2025/2026
mln EUR	Discontinued operations	Continuing operations		Continuing operations total	Discontinued and continuing operations total
		United Kingdom	Central operations
Revenue from external customers	1.9	13.4	0.0	13.4	15.3
EBITDA	-1.0	0.4	-0.3	0.1	-0.9
Operating profit (loss)	-1.3	0.1	-0.3	-0.2	-1.5
Profit (loss) before tax	-0.2	0.0	-2.3	-2.3	-2.5
Net profit (loss) for the period	-0.2	0.0	-2.3	-2.3	-2.5

The Group’s revenue from the Saaremaa and Scotland production units amounted to EUR 15.3 million, representing a year-on-year decrease of 18.5%. Revenue from the Scotland unit amounted to EUR 13.4 million, down 3.1% compared with the previous year, reflecting weak consumer demand, pricing pressure, tax changes and uncertainty in the retail and HoReCa sectors. Despite challenging market conditions, the Group maintained a strong market position and profitability: the Scotland production unit ended the financial year with an operating profit of EUR 0.1 million (2024/2025: EUR 0.8 million).

The Group ended the 2025/2026 financial year with a loss. The Group’s total net loss from discontinued and continuing operations amounted to EUR 2.5 million. The net loss from discontinued operations was EUR 0.2 million; excluding the one-off gain from the disposal of the production unit, the loss would have amounted to EUR 1.3 million (2024/2025: loss of EUR 1.0 million).

Continuing operations generated a net loss of EUR 2.3 million (2024/2025: net profit of EUR 8.3 million, including a EUR 7.3 million gain from the restructuring of debt obligations). The result was affected by EUR 1.9 million of interest expense recognised on the restructured debt obligations using the effective interest method. The nominal interest rate on the loans is 0% and, in accordance with the restructuring agreement, no interest payments are made, thereby reducing pressure on cash flows and supporting the implementation of the Group’s strategic objectives. The Scotland unit ended the financial year at break-even (2024/2025: profit of EUR 0.5 million).

The Management Board is focused on restoring the profitability of the Scotland unit and improving operational efficiency, with the objective of increasing cash flows, strengthening the Group’s capital position and achieving the targets set out in the restructuring agreement.

We would like to thank all our employees, business partners and investors for their commitment and trust. The restructuring measures implemented have laid the foundation for a stronger Group and ensured the continuation of the Group’s operations.

Consolidated statement of financial position

EUR ‘000	30.06.2026	30.06.2025
ASSETS
Cash and cash equivalents	149	305
Trade and other receivables	3,091	1,546
Prepayments	391	182
Inventories	894	1,656
Total current assets	4,525	3,689
Tangible assets	1,653	3,595
Intangible assets	12,772	12,956
Total non-current assets	14,425	16,552
TOTAL ASSETS	18,950	20,240
EQUITY AND LIABILITIES
Interest-bearing liabilities	2,851	971
Trade and other payables	1,195	1,563
Total current liabilities	4,046	2,534
Interest-bearing liabilities	5,413	5,514
Trade and other payables	29	30
Deferred tax liabilities	1,379	1,421
Government grants	132	213
Total non-current liabilities	6,953	7,179
TOTAL LIABILITIES	10,999	9,713
Share capital	7,737	7,737
Share premium	14,007	14,007
Treasury shares	-390	-390
Statutory capital reserve	418	51
Currency translation differences	421	451
Retained profit (loss)	-14,242	-11,327
Equity attributable to parent	7,951	10,528
TOTAL EQUITY	7,951	10,528
TOTAL EQUITY AND LIABILITIES	18,950	20,240

Consolidated statement of comprehensive income

EUR ‘000	2025/2026	2024/2025
Continuing operations
Revenue	13,374	13,797
Cost of goods sold	-10,357	-9,906
Gross profit	3,017	3,891
Operating expenses	-3,401	-3,506
Selling and distribution expenses	-2,066	-2,102
Administrative expenses	-1,335	-1,405
Other income / expense	120	-66
Operating profit (loss)	-264	318
Financial income / expenses	-1,984	8,372
Share of result of associates and joint ventures	0	-139
Profit (loss) from the sale of the subsidiary	0	0
Profit (Loss) before tax	-2,248	8,551
Income tax	-58	-244
Net profit (loss) for the period from continuing operations	-2,306	8,307
Discontinued operations
Net profit (loss) for the period from discontinued operations	-246	-967
Allocation of net profit (loss) for the period:
Attributable to shareholders of the parent company	-2,552	7,339
Total net profit (loss) for the period	-2,552	7,339
Other comprehensive income
Foreign exchange differences	-30	12
Total comprehensive income (loss)	-2,582	7,351
Allocation of comprehensive income (loss) for the period:
Attributable to shareholders of the parent company	-2,582	7,351
Total comprehensive income (loss) for the period	-2,582	7,351
Earnings (loss) per share (EUR)
Basic earnings (loss) per share (EUR)	-0.07	0.19
Diluted earnings (loss) per share (EUR)	-0.07	0.16
Earnings (loss) per share (EUR) from continuing operations
Diluted profit (loss) per share (EUR)	-0.06	0.22
Diluted earnings (loss) per share (EUR)	-0.06	0.19

Kristjan Kotkas

Member of the Management Board

investor@prfoods.ee

www.prfoods.ee

Attachment

• PRF_annual_report_2025_2026_ENG (3)

WINDSOR, Ontario, Oct. 30, 2026 (GLOBE NEWSWIRE) — NEXE Innovations Inc. (“NEXE”, the “Company”, “we”, “us” or “our”) (TSX.V: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce its financial results for the three-month period ended August 31, 2026 (“Q1 2027”).

NEXE grew revenue 10.5% to $133,119 in Q1 2027 from $120,484 in Q1 2026, in a quarter that has, in management’s view, been historically seasonally soft for the North American coffee industry, and reduced its net loss 33.7% to $(946,396). During the quarter, NEXE began deliveries to an East Coast fair-trade organic coffee co-operative that previously had no single-serve offering and onboarded a U.S. coffee chain with locations in New York City and Boston. Based on current customer interest and commercial opportunities in progress, management currently expects annual pod volumes to exceed the upper end of the previously announced range of 10 to 15 million compostable coffee pods.

Results for the quarter also reflect higher costs. Gross loss was $(47,552), compared to gross income of $16,453 in the three-month period ended August 31, 2025 (“Q1 2026”), and the net loss improvement was, in management’s view, primarily attributable to lower depreciation, including the effect of a change in depreciation estimates.

Q1 2027 Highlights

• Revenue: $133,119, up 10.5% from $120,484 in Q1 2026, in a quarter that has historically been seasonally soft.
• Net loss: $(946,396), or $(0.01) per share, an improvement of 33.7%, with total operating expenses down 37.4%.
• Customers: Deliveries began to Just Us! Coffee Roasters, a U.S. coffee chain was onboarded, and the Company is in discussions with a U.S. brand regarding potential distribution to a national hotel chain.
• Volume outlook: Based on current customer interest and commercial opportunities in progress, management currently expects annual pod volumes to exceed the upper end of the previously announced range of 10 to 15 million pods.
• Liquidity: Cash, cash equivalents, GICs and term deposits of $8,008,095 and working capital of $7,693,960.

“Revenue grew 10.5% in what has historically been a seasonally soft quarter, and we began deliveries to new customers during the period,” said Ash Guglani, President of NEXE. “Gross margin in the quarter reflected the costs of onboarding those customers, which we believe may trend lower as volumes build. Our focus for the rest of fiscal 2027 is to convert our commercial pipeline into production volume.”

Q1 2027 Financial Results

• Revenue Growth: Revenue was $133,119, compared to $120,484 in Q1 2026, reflecting repeat orders from existing customers and new customers onboarded during the quarter. Shipments were weighted to July and August 2026. The first quarter has historically been seasonally weak, and management believes coffee sales across the industry typically decline during the summer months.
• Gross Margin: Gross loss was $(47,552), compared to gross income of $16,453 in Q1 2026, as cost of goods sold increased 73.7% to $180,671 from $104,031. Management believes the increase reflects higher volumes, onboarding costs for new customers, higher packaging costs, a larger share of pods filled with coffee purchased by the Company, $54,742 of non-cash production depreciation (recorded in operating expenses in Q1 2026) and $10,685 of inventory write-downs. Management expects that costs will trend lower as volumes increase, as management expects higher volumes will help absorb fixed costs and support bulk purchasing of materials.
• Operating Expenses: Total operating expenses decreased 37.4% to $950,956 from $1,520,057, and operating loss before other items improved 33.6% to $(998,508) from $(1,503,604). Depreciation in operating expenses decreased 75.9% to $108,103. Effective June 1, 2026, the Company extended the estimated useful lives of its metered production machinery and changed the depreciation method from straight-line to units of use, which reduced Q1 2027 depreciation by $269,353 relative to the previous estimates. Share-based compensation decreased 94.0% to $13,187 and research and development expenses decreased 67.7% to $33,447. Selling, general and administrative expenses increased 7.4% to $790,139, mainly due to higher compensation-related costs and higher legal and professional fees, partially offset by lower management fees, salaries, consulting fees, and advertising and promotion.
• Net Loss: Net loss improved 33.7% to $(946,396), or $(0.01) per share, from $(1,427,807), or $(0.01) per share, in Q1 2026. The $481,411 improvement reflects lower depreciation, share-based compensation and research and development expenses, partially offset by the gross loss, higher selling, general and administrative expenses, and lower interest income.
• Balance Sheet: As at August 31, 2026, NEXE had cash and cash equivalents of $3,875,352, investments in GICs of $4,102,743 and term deposits of $30,000, for a total of $8,008,095. Working capital was $7,693,960 (May 31, 2026 – $8,464,675), or $6.0 million excluding $1.7 million of prepayments on manufacturing equipment. Cash used in operating activities was $1,096,265 (Q1 2026 – $760,265), mainly reflecting operating expenditures and working capital movements, including a reduction in trade and other payables and an increase in trade and other receivables.

Commercial Update: Management Expects Annual Pod Volumes to Exceed 15 Million

NEXE supplied partners across retail, office coffee services and online channels during Q1 2027, and the previously disclosed partner transition continued through the quarter. NEXE continues to see increased interest in the compostable pod.

During the quarter, NEXE began deliveries to Just Us! Coffee Roasters, an East Coast fair-trade organic coffee co-operative that previously had no single-serve offering, and onboarded a U.S. coffee chain with multiple locations, including New York City and Boston. NEXE is in discussions with a U.S. brand regarding the potential supply of pods for distribution to a national hotel chain and is procuring materials for a new Canadian client.

Management currently expects annual pod volumes to exceed 15 million compostable coffee pods. NEXE anticipates current finished goods capacity aligns with expected production for the coming months and that capacity could be scaled with limited additional investment, such as larger molds or additional staff. The Company is also evaluating strategic opportunities that management anticipates would accelerate commercialization and enhance shareholder value, including potential partnerships, licensing arrangements, and other capital-efficient growth initiatives.

The Company’s unaudited condensed consolidated interim financial statements for the three months ended August 31, 2026 and related management’s discussion and analysis are available on NEXE’s SEDAR+ profile at www.sedarplus.ca and the Company’s website at www.nexeinnovations.com.

*NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by Keurig®. Keurig® is a registered trademark of Keurig Dr Pepper Inc.

**NEXE Innovations Inc. is not affiliated with, endorsed, or sponsored by Nespresso®. Nespresso® is a registered trademark of Société des Produits Nestlé S.A

About NEXE Innovations Inc.

NEXE Innovations is focused on providing innovative compostable material solutions and packaging to the B2B segment to help businesses achieve their sustainability goals. NEXE Innovations has developed a proprietary and patented compostable material that can withstand heat, pressure, and water. Our flagship product, the NEXE Pod, a BPI-certified compostable coffee pod, showcases our material’s durability and is an ideal substitute for plastic. The NEXE pod is compatible with major coffee brewing machines and is manufactured at NEXE’s vertically integrated facility based in North America. Discover our innovative approach to sustainability at www.nexeinnovations.com and join our journey on social media @nexeinnovations. #compostablecoffeepods #sustainability #greentech

On behalf of the Company:

Ash Guglani
President & Director

For investor relations contact:

Kam Mangat
Vice President, Investor Relations & Corporate Strategy
invest@nexeinnovations.com

For media relations contact: media@nexeinnovations.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this release are forward-looking statements or information, which include, but are not limited to, statements regarding anticipated production volumes, including expected annual pod volumes, expected demand from existing and prospective customers, the progress of partner transitions, the outcome of discussions with prospective customers, including potential distribution to a national hotel chain and supply to a new Canadian client, the expected trend in production costs and unit economics, the Company’s production capacity and its ability to scale capacity with limited additional investment, the Company’s commercialization strategy, the evaluation and pursuit of strategic opportunities, including partnerships and licensing arrangements, and the Company’s ability to execute its business strategy. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business and economic conditions in the markets in which the Company operates, seasonal fluctuations in demand, the Company’s ability to execute on its business strategy, maintain and grow partnerships, onboard new customers, convert discussions with prospective customers into orders, and respond to market conditions, the Company’s ability to achieve anticipated production volumes and improve unit economics, the availability and cost of raw materials and packaging and changes in consumer demand for compostable products, and those risks set out in the Company’s management’s discussion and analysis for the year ended May 31, 2026 and the three months ended August 31, 2026 under the headings “Business Risks and Uncertainties”. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals, that the Company’s current partners will continue to increase order volumes, that new customer relationships will result in recurring revenue, that the Company will be able to reduce per-pod unit costs as production scales, that the Company’s existing facility can accommodate expected production with limited additional investment, and that general economic and market conditions will not deteriorate. Factors that could cause the actual results to differ materially from those in forward-looking statements include, without limitation, loss of key customer relationships, disruptions to supply chains or manufacturing operations, adverse changes to tariff or trade policies, general economic, market or business conditions, and other factors beyond the Company’s control. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.