Mr. Rishi Sharma reports

VELAN ANNOUNCES ELECTION OF DIRECTORS

Each director nominee listed in the management proxy circular dated May 21, 2025, was elected as director of Velan Inc. during the annual meeting of the shareholders held on July 10, 2025, in Montreal, Que.

The details of the election are as follows.

The results of the final votes regarding all matters subject to a vote during the annual meeting will be made available under the corporation's profile on SEDAR+.