Mr. Cliff Gary reports

BAYLIN ANNOUNCES AMENDED AND RESTATED CREDIT AGREEMENT

Baylin Technologies Inc. has entered into an amended and restated credit agreement with its principal lender, Royal Bank of Canada.

The credit agreement continues the company's $15-million secured revolving credit facility, but its maturity date has now been extended from May 30, 2025, to Jan. 31, 2026. Other than the addition of a minimum EBITDA (earnings before interest, taxes, depreciation and amortization) covenant, the terms and conditions of the credit agreement remain substantially similar to those of the original credit agreement dated March 29, 2019, as previously amended.

Cliff Gary, the company's chief financial officer, said, "We continue to be extremely grateful to Royal Bank for its continuing strong support of our business and flexibility in recognizing our business needs, particularly in light of the uncertain trade environment."

About Baylin Technologies Inc.

Baylin is a leading diversified global wireless technology company. Baylin focuses on research, design, development, manufacturing and sales of passive and active radio frequency and satellite communications products, and the provision of supporting services. Baylin aspires to exceed its customers' needs and anticipate the direction of the market.

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