Ms. Tracy Zheng reports

POWERBANK ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

The nominees listed in the management information circular dated Sept. 23, 2026, for the 2026 annual general meeting of shareholders were elected as directors of PowerBank Corp. Detailed results of the vote for the election of directors held at the annual general meeting on Oct. 29, 2026, in Toronto, Ont., are set out in the attached table.

Shareholders at the meeting also voted in favour of appointing Deloitte LLP as the auditor and approved a special resolution approving an amendment to the company's articles to consolidate its issued and outstanding shares on a basis of a ratio to be determined by the directors as set out in the circular.

About PowerBank Corp.

PowerBank is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the United States. The company develops solar and battery energy storage system (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The company maximizes returns via a diverse portfolio of projects across multiple leading North America markets, including projects with utilities, host off-takers, community solar and virtual net metering projects. The company has a potential development pipeline of almost one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built.

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