Mr. Soroush Nazarpour reports

NANOXPLORE ANNOUNCES RESULTS OF ANNUAL MEETING OF SHAREHOLDERS

Nanoxplore Inc. held its annual meeting of shareholders in person on Dec. 7, 2023. All resolutions were adopted by the shareholders. During the meeting, Soroush Nazarpour, chief executive officer of the corporation, shared a presentation on the corporation. Such presentation can be found on Nanoxplore's website in the investors section under events and presentation and on SEDAR+.

Altogether, 99,920,350 shares (59 per cent of outstanding common shares) were accounted for at the meeting. As part of the formal proceedings, the corporation's shareholders elected the board of directors and approved the appointment of PricewaterhouseCoopers LLP as independent auditor of the corporation. The complete voting results from the meeting are presented herein.

Election of directors

The board of directors fixed at eight the number of directors of the corporation to be elected at the meeting. Each of the eight nominees listed in the management information circular was elected as a director of Nanoxplore. All of the nominee directors were already members of the board of directors of the corporation.

Appointment of auditor

PricewaterhouseCoopers, chartered professional accountants, was reappointed as auditor of Nanoxplore until the close of the next annual meeting of shareholders, and the directors were authorized to fix the remuneration of the auditor.

About Nanoxplore Inc.

Nanoxplore is a graphene company and a manufacturer and supplier of high-volume graphene powder for use in transportation and industrial markets. Also, the corporation provides standard and custom graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics and other industrial sectors. The corporation is also a silicon-graphene-enhanced lithium-ion battery manufacturer for the electric vehicle and grid storage markets. Nanoxplore is headquartered in Montreal, Que., with manufacturing facilities in Canada, the United States and Europe.