Mr. Todd Haugen reports

ENABLENCE TECHNOLOGIES INC. CLOSES C$25 MILLION STRATEGIC INVESTMENT

Further to the news release dated Sept. 15, 2026, Enablence Technologies Inc. has closed its private placement with Collingwood Investments Inc. of 3,226,000 common shares of the company at a price of $7.75 per common share for gross proceeds to the company of approximately $25-million.

The company intends to use the net proceeds of the offering for planned capital expenditures to expand capacity at its fab facilities in Silicon Valley and Vietnam, working capital to support growing sales volumes, and general corporate purposes.

Concurrent with the closing of the offering, the company entered into an investor rights agreement with the investor, which provides, among other things, pro rata pre-emptive rights on all future issuances of equity securities by the company and certain top-up rights in favour of the investor. A copy of the investor rights agreement will be available in due course on SEDAR+ under the company's issuer profile.

The common shares issued pursuant to the offering are subject to a statutory hold period of four months and one day from the closing date in accordance with applicable Canadian securities laws. The offering remains subject to final acceptance of the TSX Venture Exchange.

Paradigm Capital Inc. acted as exclusive financial adviser to the company in connection with the offering and is entitled to an advisory cash fee equal to 5 per cent of the gross proceeds of the offering. Bennett Jones LLP acted as legal adviser to the company in connection with the offering.

About Enablence Technologies Inc.

Enablence is a publicly traded company listed on the TSX Venture Exchange that designs, markets and sells optical chips and subsystems, primarily in the form of planar lightwave circuits on silicon-based chips for datacom, telecom, automotive and artificial intelligence applications. Enablence products serve a global customer base, primarily focused today on data centre and other rapidly growing end markets. Enablence also works with customers that have emerging market uses for its technology, including medical devices, automotive lidar, and virtual and augmented reality headsets. In select strategic circumstances, the company also uses its proprietary, non-captive fabrication plant in Fremont, Calif., to manufacture chips designed by third party customers.

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