Ms. Caroline Tyre reports

LUMINOPIA TEAMS UP WITH SPIN MASTER TO BRING POPULAR CHILDREN'S PROGRAMMING TO PEDIATRIC AMBLYOPIA TREATMENT

Luminopia Inc., a digital health company pioneering a new class of treatments for neurovisual disorders, has signed a content licensing agreement with Spin Master Corp. to bring popular children's series to pediatric amblyopia patients using Luminopia's Food and Drug Administration-cleared prescription digital therapeutic. Spin Master joins Luminopia's growing roster of entertainment partners, expanding the company's library of age-appropriate content for patients to watch during therapy.

Patients using Luminopia will be able to watch beloved Spin Master series including PAW Patrol, Unicorn Academy, Vida the Vet and Bakugan within the virtual reality headset.

Amblyopia, commonly known as lazy eye, is the leading cause of vision loss in children and affects approximately one million pediatric patients nationwide. For decades, the standard of care has been eye patching, which requires children to cover their stronger eye for multiple hours each day while navigating daily activities with impaired vision. This can make learning, playing sports and socializing more difficult, often taking an emotional toll on kids and their families. Additionally, patients who do endure treatment with eye patches are often left with persistent vision impairment.

Luminopia offers a modern alternative to traditional amblyopia treatment approaches with an FDA-cleared therapy that allows amblyopia patients to watch television within a VR headset for one hour a day, six days a week, as treatment. Luminopia works differently than eye patching and does not require children to cover their stronger eye; instead, it encourages the brain to use both eyes together.

"This partnership enhances our growing content library with programming that children already know and love," said Scott Xiao, founder and chief executive officer of Luminopia. "Access to familiar, age-appropriate entertainment can play an important role in helping families stay engaged during treatment, and Spin Master's loved characters and stories are a natural fit for our patient population."

"At Spin Master, we're committed to creating meaningful entertainment experiences that resonate with children and families around the world," said Caroline Tyre, Spin Master's vice-president of global content distribution. "Working with Luminopia, we're supporting children in a meaningful new way and helping to make treatment experiences more engaging for families."

Luminopia is being prescribed at leading eye institutes, children's hospitals and private practices across the United States. Parents and guardians of children with amblyopia can speak with their eye care providers to learn more about Luminopia.

About Luminopia Inc.

Luminopia is pioneering a new class of treatments for significant neurovisual disorders. Luminopia is committed to creating digital therapeutics that are both rigorously evaluated for FDA clearance and genuinely engaging for patients. The company is an innovation partner of Boston Children's Hospital and developed its lead product to improve vision in children with amblyopia, the leading cause of vision loss among children.

About Spin Master Corp.

Spin Master is a leading global children's entertainment company, creating exceptional play experiences across its three creative centres: toys, entertainment and digital games. With worldwide toy distribution, Spin Master is known for award-winning brands including PAW Patrol, Melissa & Doug, Bakugan, and Rubik's Cube, and is the global toy licensee for other iconic properties. Through its in-house entertainment studio, the company creates and produces captivating multiplatform content including powerhouse preschool franchise PAW Patrol, along with other original shows, short-form series and feature films. With an established presence in digital games anchored by Toca Boca and Piknik, Spin Master engages close to 60 million active users monthly in open-ended, creative and safe play. With 29 offices spanning nearly 20 countries, Spin Master employs close to 2,500 team members globally.