Veji Holdings closes FIHO asset acquisition

Mr. Guy Bourgeois reports VEJI CLOSES ACQUISITION OF GRAPHENE ASSETS FROM FIHO AND PROPOSES CORPORATE NAME CHANGE Veji Holdings Ltd. has closed its previously disclosed asset acquisition from Future Investment Holding OU (FIHO), as announced on March 18, 2025. Transaction overview When the FIHO transaction was announced, trading in the common shares of Veji was halted on March 18, 2025, in compliance with the policies of the Canadian Securities Exchange, as the proposed FIHO transaction constituted a fundamental change under the CSE's policies, pending the review of the transaction by the CSE and satisfaction of the conditions of the CSE for resumption of trading. Upon satisfaction of all CSE conditions for the resumption of trading, the company will file a final CSE listing statement describing the company and its business following completion of the FIHO transaction, and trading in the common shares will resume. Under the terms of the FIHO transaction, the company acquired 8,750 grams of graphene and Italian patent No. 102023000020769. The total consideration paid by Veji for the FIHO assets consisted of 4.2 million common shares issued at a deemed price of 50 cents per consideration share, for an aggregate value of $2.1-million. The consideration shares are subject to a statutory hold period of four months and one day under applicable Canadian securities laws. No finders' fees were paid in connection with the FIHO transaction. In accordance with CSE policies, certain common shares held by insiders, including consideration shares, are subject to escrow provisions, whereby 10 per cent will be released to the such holders on the date that trading in the common chares recommences on the CSE, and an additional 15 per cent will be released to the escrow shareholders on each of the dates that are six, 12, 18, 24, 30 and 36 months after the first release date, or at any time prior thereto with the consent of the applicable regulatory authorities. In connection with the closing of the FIHO transaction, the company has entered into a consulting agreement with Michael Turner, principal of FIHO and a new insider of the company, as described below. The consulting agreement is considered a material agreement for the purposes of Canadian securities laws, as Mr. Turner will provide specialized scientific and strategic services in support of the company's commercialization of the FIHO assets, which form the foundation of the company's proposed new line of business. The consulting agreement is effective Aug. 1, 2025, and has an initial term of two years. Under its terms, Mr. Turner will receive a consulting fee of $3,000 per month. A copy of the consulting agreement will be filed under the company's profile on SEDAR+, subject to redaction of applicable confidential provisions. Capitalization Upon completion of the FIHO transaction, former shareholders of Veji hold approximately 74.62 per cent of the issued and outstanding common shares, while FIHO shareholders (including Mr. Turner) hold approximately 25.38 per cent, on an undiluted basis. Early warning disclosure As a result of the FIHO transaction, Mr. Turner acquired 2.1 million common shares, representing approximately 12.69 per cent of the issued and outstanding shares of the company. Mr. Turner acquired the shares for investment purposes and may evaluate his investment on a continuing basis, depending on various factors such as market conditions and company performance. A copy of Mr. Turner's early warning report will be available on SEDAR+ under the company's profile. For further information, please contact the company at 905 West Pender St. (sixth floor), Vancouver, B.C., V6C 1L6, or by telephone at 604-687-2038. Proposed name change The company also announces its intention to change its corporate name from Veji Holdings to Plaid Technologies Inc. to better align with its name with its new strategic focus as a result of the FIHO transaction. In connection with the proposed name change, the company has applied to change its ticker symbol on the CSE from VEJI to STIF. The name change remains subject to final CSE approval and the filing of all required documentation. A new Cusip number and new ISIN will be announced once assigned. No action is required from shareholders in connection with the name change. All existing share certificates and DRS statements will remain valid. About Veji Holdings Ltd. Veji Holdings is a reporting issuer in Canada listed on the CSE and OTC Pink. We seek Safe Harbor.