Dr. Carolyn Myers reports

FENDX PROVIDES CORPORATE UPDATE

Fendx Technologies Inc. has provided a corporate update from Dr. Carolyn Myers, the company's president and chief executive officer.

Dear Fendx shareholders,

Over the past several months, Fendx has achieved meaningful progress across our protective surface coatings portfolio and business development initiatives. Our mission remains clear: to make everyday environments safe by reducing the spread of harmful pathogens on surfaces. As we advance our technologies, we continue to focus on strategic priorities that we believe will strengthen our product pipeline, expand our intellectual portfolio and enhance long-term shareholder value.

Protective surface coatings achievements

Liquid surface coating. In collaboration with McMaster University, the company developed a new liquid surface coating that has demonstrated strong effectiveness against MRSA and P. aeruginosa, along with encouraging durability for long-lasting protection. This advancement led to the filing of a provisional patent announced on Oct. 21, 2025, with Fendx as the assignee.

Given the promising performance, broad applicability and ease of application for long-lasting surface protection, the company has elected to prioritize its development. The company believes the liquid coating offers a streamlined pathway to commercial scale-up with an expected low cost of manufacturing.

As part of this strategic shift, the company has discontinued additional development of Repelwrap film and terminated the standard licence agreement with McMaster with a termination notice signed by both parties on March 27, 2026, with an effective of Feb. 1, 2026. Additionally, as the company is now focused on advancing the new liquid coating formulation, it has terminated the licence agreement for the original liquid coating formulation, with a termination notice signed by both parties on March 27, 2026, with an effective date of Feb. 2, 2026.

These decisions align the company's efforts with what it believes is the most commercially promising surface protection technology and eliminates future licensing payment obligations to McMaster. The company continues to have excellent collaborations with McMaster and looks forward to future joint initiatives with the university.

Foley Catheter Coating. The company has advanced a specialized coating for Foley catheters, under the collaborative research agreement (CRA) with McMaster. Initial lab testing has shown promising reductions in E. coli growth and strong durability. This work resulted in the filing of a provisional patent, announced Aug. 26, 2025, with Fendx as the assignee. The company plans to engage a third party lab for expanded bacterial and durability testing as development continues.

The company also announces it signed an amendment agreement with McMaster on March 27, 2026, with an effective date of Nov. 30, 2025, to extend the term of the Catheter CRA to May 31, 2026, and reduce payment commitments.

Business development achievements

Artificial-intelligence-driven surface contamination detection app. The chief executive officer of Fendx filed a provisional patent, as disclosed on Aug. 20, 2025, for an AI-enabled mobile app to be designed to detect microbial contamination on surfaces in real time using mobile imaging and reagents. Fendx will be the assignee of the patent. The company is currently working in good faith with a third party to build the imaging technology required for app software and intends to enter into a service agreement with this third party for this development. Once development is complete, the app will undergo beta testing to validate its accuracy and usability. This digital platform, which will be owned by Fendx, is expected to complement the company's physical technologies and expand Fendx's reach into real-time monitoring and data-driven hygiene solutions.

Collaboration agreement with Aquaox LLC. On Jan. 22, 2026, the company entered into a collaboration agreement with Aquaox to explore development of new eco-friendly antimicrobial agents. This initial phase of the collaboration will assess technical feasibility of producing non-toxic, eco-friendly and highly effective antimicrobial formulations. If successful, the collaboration may progress toward developing novel antimicrobial agents for consumer, commercial and health care markets.

Furthermore, we continue to seek other innovations aimed at reducing the spread of pathogens through potential acquisitions or licensing opportunities. Our goal is to complement our existing product portfolio, enhance our intellectual property portfolio and develop potential future solutions that enhance hygiene practices and promote safety in everyday life.

Intellectual property

Protecting our innovations remains a core priority. Recent intellectual property (IP) developments include provisional patents for our new liquid surface coating formulation and Foley catheter coating, as well as the provisional patent filed for the AI-driven microbial contamination detection app. These filings underscore our commitment to advancing technologies that address real-world challenges in pathogen reduction and public health.

These pro-active steps to IP management reinforce Fendx's momentum in surface protection innovations while positioning the company for future growth and opportunities.

Capital structure and financial position

Our operational goals and future growth could not be accomplished without having a focus on financial position and capitalization structure. To this end, we undertook an initiative to optimize the share structure of the company by consolidating the common shares of the company with the intent of attracting additional financing and positioning the company for growth. Additionally, the company has carried out several debt settlement transactions with insiders and certain consultants in order to improve the company's financial position by reducing its existing liabilities. We believe these strategic actions were essential as we advance our technologies and seek to maximize value for our shareholders.

Moving forward -- 2026 key milestones:

• Advance the liquid surface coating toward scale-up. We plan to complete additional antimicrobial testing and then engage a manufacturer to begin scale-up activities. With its ease of application and anticipated cost-effective manufacturing, the liquid coating represents a more versatile, timely and commercially scalable solution than film-based technologies.
• Complete testing of the Foley catheter coating. We plan to finalize testing in McMaster's lab and subsequently engage a third party lab to conduct expanded bacterial and durability testing. This work will also inform the development of a regulatory pathway and outline the steps that would be required for any future device approval, positioning the technology for potential entry into the medical device market.
• Finalize app development. The app is being developed by a third party that the company intends to sign a service agreement with. Once complete, the app will be beta tested to validate its accuracy and usability. The intent is to launch a final app on both the Apple App and Google Play stores. This digital platform would complement our physical technologies and expand Fendx's reach into real-time monitoring and data-driven hygiene solutions.
• Assess surface disinfectant development. Together with Aquaox LLC, we will assess the technical feasibility of developing formulations of highly effective antimicrobial formulations. If successful, the collaboration is expected to advance into product development under a separate agreement, potentially broadening our portfolio into the disinfectant category.

We look forward to sharing further developments in the coming months and will continue to provide updates through news releases, available under the news section of our Fendx website.

Fendx extends its gratitude to its shareholders, employees and consultants for their continued support as we advance our innovative technologies to protect surfaces from harmful pathogens.

Other corporate updates

The company also announces it intends to complete share for debt settlements with three arm's-length creditors at a deemed price of 37 cents per share, to settle an aggregate of $89,578 of consulting fees which were payable in cash and shares, through the issuance of 242,102 common shares. The shares proposed to be issued pursuant to the debt settlements will be subject to a statutory four-month-and-one-day hold period in accordance with applicable securities laws. The closing of the debt settlements will be subject to certain customary conditions precedent, including the company's receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange.

Also, the company is pleased to announce that it has further renewed the investor relations and marketing services agreement dated March 11, 2025, with Outside The Box Capital Inc. (OTB) previously announced on March 12, 2025, July 7, 2025, and Oct. 17, 2025, for the provision of investor relations, marketing and distribution services (the IR services). The company and OTB entered into a third renewal agreement dated March 30, 2026 (the OTB agreement), which renewed and extended the term of the original agreement to June 30, 2026, for no additional cost to the company but with a fee reduction of $28,080 (inclusive of taxes). The IR services include social media, digital and influencer-based marketing, content creation, and distribution across social channels that include Reddit, Discord, Telegram, X (formerly Twitter) and StockTwits, and other related investor communication and marketing services. OTB and its principals are arm's length to the company. OTB's contact information is as follows: 2202 Green Orchard Pl., Oakville, Ont., L6H 4V4, attention: Jason Coles, e-mail: jason@outsidethebox.capital, telephone: 289-259-4455.

About Fendx Technologies Inc.

Fendx is a surface protection company developing innovative solutions to help reduce the spread of harmful pathogens in everyday environments. Leveraging proprietary technologies, the company is advancing a portfolio of protective surface coatings, including a liquid-based nano-coating technology and a specialized Foley catheter coating. The company is focused on building a robust intellectual property portfolio in the surface protection space and is committed to identifying and advancing new technologies and materials that enhance hygiene and safety across health care, consumer and commercial settings.

We seek Safe Harbor.