Mr. Steve Smith reports

ZTEST ELECTRONICS INC. ANNOUNCES ITS INTENTION TO EFFECT A NORMAL COURSE ISSUER BID

Ztest Electronics Inc. intends to effect a normal course issuer bid (NCIB) through the facilities of the Canadian Securities Exchange.

Pursuant to the NCIB, the company may purchase up to 3,129,311 common shares, representing approximately 10 per cent of the public float, over a 12-month period beginning on April 24, 2026, and ending on April 23, 2027. All common shares purchased under the NCIB will be purchased on the open market through the facilities of the Canadian Securities Exchange in accordance with the policies of the CSE and applicable Canadian securities laws. The price that Ztest will pay for any common shares purchased under the NCIB will be the market price at the time of acquisition.

The company will finance the purchases of common shares under the NCIB with cash on hand. The exact timing and amount of any purchases of common shares made pursuant to the NCIB will depend on market conditions and other factors. The company is not obligated to acquire any common shares and may suspend or discontinue purchases under the NCIB at any time. Any common shares purchased by the company under the NCIB will be cancelled upon their purchase.

Under the NCIB, the company may purchase up to such number of common shares equal to 2 per cent of its issued and outstanding common shares over any 30-trading day period.

The company intends to commence the NCIB as it believes that the market price of its common shares does not fully reflect the value of its business and prospects. As such, it believes that purchasing its own common shares for cancellation is an appropriate strategy for increasing long-term shareholder value and represents an appropriate use of the company's financial resources.

The company has appointed Integral Wealth Securities Ltd. as its broker to conduct the NCIB transactions on its behalf.

The company repurchased for cancellation 428,500 common shares at an average price of approximately 22.7 cents per share pursuant to the normal course issuer bid that existed for over a 12-month period expiring March 31, 2026.

About Ztest Electronics Inc.

Ztest Electronics, through its wholly owned subsidiary, Permatech Electronics Corp., offers electronic manufacturing services (EMS) to a wide range of customers. Permatech's offering includes printed circuit board (PCB) assembly, materials management and testing services. Permatech operates from an ISO 9001:2015-certified facility in North York, Ont., Canada. Permatech is a contract assembler of complex circuit boards, serving customers in the medical, power, computer, telecommunications, wireless, industrial, trucking, wearables and consumer electronics markets. It specializes in servicing customers that are looking for high yield and require high quality and rapid turnaround on low- and mid-volume production of high-complexity products.

We seek Safe Harbor.