Regent closes 10-unit buy at Connaught at Griesbach

Mr. Eddie Yu reports REGENT PACIFIC PROPERTIES INC. COMPLETES ACQUISITION OF CONDOMINIUM UNITS Regent Pacific Properties Inc. has completed the acquisition of 10 condominium units situated in the Connaught at Griesbach project, which is located in the Griesbach neighbourhood of Edmonton, Alta., as previously announced on Nov. 2, 2022, and subsequently updated on Jan. 16, 2023, Jan. 25, 2024, and Jan. 2, 2025, from 1784338 Alberta Ltd., a non-arm's-length party which is indirectly majority owned by the chief executive officer, director and majority shareholder of Regent. On July 2, 2025, the company completed the acquisition of the remaining six Griesbach units from the seller for a total aggregate purchase price of $1,987,000. The acquisitions were financed with a combination of the use of $887,000 of the company's deposit held by the seller, together with a mortgage of $1.1-million. Following the acquisitions, the company has completed the purchase of all 10 of the Griesbach units contemplated under the purchase contract dated Dec. 24, 2021, as amended. The total aggregate purchase price of all 10 Griesbach units was $3,042,000, financed through the use of $1,298,493 of the company's deposit held by the seller, together with total aggregate mortgages of $1,743,758. This financing structure results in an initial equity position of approximately 43 per cent. The company believes this strong equity position provides it resilience in the event of market volatility and reflects a prudent and responsible approach to capital deployment. As the company's total deposit held by the seller was $1,303,888, the remaining unused balance of $3,917 will be refunded to the company. The acquisitions are considered a related-party transaction pursuant to the policies of the TSX Venture Exchange and Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) as Eddie Yu (the related party) is the chief executive officer, director and majority shareholder of Regent and indirectly owns the majority of the common voting shares of 1784338 Alberta. The acquisitions will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. In particular, the company has determined that the exemption set out in paragraph (b) in Section 5.5 of MI 61-101 is applicable since the company is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange. In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemption set out in paragraph (1)(b) in Section 5.7 of MI 61-101 is applicable in that the distribution of the securities to the related party has a fair market value of not more than $2.5-million, and the company is not listed on the Toronto Stock Exchange, but only on the TSX-V. We seek Safe Harbor.