SEDAR Interim Financial Statements

ASTRON CONNECT INC. Unaudited Condensed Interim Consolidated Financial Statements For the Three Months Ended December 31, 2025 and 2024 (Expressed in Canadian Dollars) ASTRON CONNECT INC. See accompanying notes to the consolidated financial statements 2 Unaudited Condensed Interim Consolidated Statements of Financial Position As at December 31, 2025 and September 30, 2025 (Expressed in Canadian Dollars) Note 2025 2025 $ $ ASSETS Current Assets Cash and cash equivalents 444,935 330,098 Other receivables 3 4,008 563 Prepaid expenses and deposit 16,257 7,469 465,200 338,130 Investment 4 1 1 Total Assets 465,201 338,131 LIABILITIES Current Liabilities Accounts payable and accrued liabilities 5 279,292 239,330 Customer deposits 36,692 36,692 315,984 276,022 Shareholders’ Equity (Deficit) Share capital 8 8,553,477 8,553,477 Share subscription receive 8 193,000 Reserves 469,455 469,455 Deficit (9,066,715) (8,960,823) 149,217 62,109 Total Liabilities and Shareholders' Equity (Deficit) 465,201 338,131 Approved on behalf of the Board of Directors: Nature of Operation (Note 1) Subsequent Event (Note 11) " S.Randall Smallbone " " Iris (Hong) Duan" Director Director ASTRON CONNECT INC. See accompanying notes to the consolidated financial statements. 3 Unaudited Consolidated Statements of Loss and Comprehensive Loss Three Months Ended December 31 (Expressed in Canadian Dollars) Three Months Note 2025 2024 $ $ Expenses Consulting 10,000 6,910 Director fees 12,000 - Filling 9,784 12,120 Office 7,073 2,520 Professional fees 44,372 7,514 Management fees 22,500 - 105,729 29,064 Loss from operations (105,729) (29,064) Other items Interest income 23 902 Foreign exchange loss (186) - Government loan forgiveness 6 - - Other income (loss) (163) 902 Net loss and comprehensive loss for the period (105,892) (28,162) Loss per common share Basic and fully diluted $ (0.00) $ (0.00) Weighted average number of common shares outstanding 30,271,236 18,722,965 4 ASTRON CONNECT INC. Unaudited Consolidated Statements of Changes in Shareholders’ Equity (Deficit) For the Three Months Ended December 31 (Expressed in Canadian Dollars) Share Capital Shares Amount Share subscription received Reserves Deficit Total $ $ $ $ $ September 30, 2024 16,937,901 8,185,477 - 469,455 (8,843,292) (188,360) Private placement at $0.03 13,333,335 400,000 - - - 400,000 Share issuance cost - (32,000) - - - (32,000) Net loss for the period - - - - (28,162) (28,162) December 31, 2024 30,271,236 8,553,477 - 469,455 (8,871,454) 151,478 September 30, 2025 30,271,236 8,553,477 - 469,455 (8,960,823) 62,109 Share subscription received - - 193,000 - - 193,000 Net loss for the period - - - - (105,892) (105,892) December 31, 2025 30,271,236 8,553,477 193,000 469,455 (9,066,715) 149,217 See accompanying notes to the condensed interim consolidated financial statements 5 ASTRON CONNECT INC. Unaudited Consolidated Statements of Cash Flows For the Three Months Ended December 31 (Expressed in Canadian Dollars) 2025 2024 $ $ OPERATING ACTIVITIES Net loss for the period (105,892) (28,162) Adjustment for items not involving cash: Changes in non-cash working capital: Trade and other receivables (3,445) (1,072) Prepaid expenses (8,788) 479 Accounts payable and accrued liabilities 39,962 (9,855) Cash used in operating activities (78,163) (38,610) FINANCING ACTIVITIES Net proceeds from share issuance for cash 193,000 400,000 Repayment of government subsidiary obligation - (32,000) Cash provided by financing activities --- 193,000 368,000 Increase in cash 114,837 329,390 Cash and cash equivalents, beginning 330,098 85,608 Cash and cash equivalents, ending 444,935 414,998 See accompanying notes to the condensed interim consolidated financial statements ASTRON CONNECT INC. Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the Three Months Ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 6 1. NATURE OF OPERATIONS Astron Connect Inc. (the “Company”) was incorporated on February 20, 2017 under the Business Corporations Act (British Columbia). The Company is engaged primarily in the business of distribution and sale of beverage and food products in Canada, China and emerging markets. On August 24, 2018, the Company changed its name from Exalt Capital Corp. to Astron Connect Inc. and began trading under the symbol “AST” under the TSX Venture Exchange (“TSX.V”). The principal and registered office of the Company is at Bentall 5, 550 Burrard St Suite 2501, Vancouver, V6C 2B5 2. BASIS OF PRESENTATION a) Statement of compliance These condensed interim consolidated financial statements of the Company and its subsidiary are prepared in accordance with IAS 34 “Interim Financial Reporting” as issued by IASB, and accordingly do not include all the information required full annual financial statements by IFRS Accounting Standards (“IFRS”). They have been prepared using the same accounting policies that were described in note 3 to the Company’s annual consolidated financial statements for the year ended September 30, 2025. The condensed interim consolidated financial statements should be read in conjunction with the Company’s 2025 annual consolidated financial statements. These unaudited condensed consolidated financial statements of Astron Connect Inc. for the three months ended December 31, 2025 have been prepared by the management and approved by the Board of Directors on February 27, 2026. b) Going concern These condensed interim consolidated financial statements have been prepared on a going concern basis, which assumes that the Company will be able to continue as a going concern and realize its assets and discharge its liabilities in the normal course of business. The Company is in an early stage of commercialization and will be required to attain profitability or generate additional financing as needed. During the three months ended December 31, 2025, the Company incurred a net and comprehensive loss of $105,892 (December 31, 2024: $28,162) and negative cash flows from operating activities of $78,163 (December 31, 2024: $38,610 negative). These conditions cast significant doubt about the Company’s ability to continue as a going concern. These condensed interim consolidated financial statements do not give effect to any adjustments that would be necessary should the Company be unable to continue as a going concern, and therefore be required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts different from those reflected in the accompanying consolidated financial statements. Such adjustments could be material. Management’s current strategy is to focus on expanding its market share of the beverage and food products industry in Canadian markets. At the same time management is looking for partners in the local food and beverage industry for new business opportunities. Management recognizes the Company’s need to increase its cash reserves in the coming year if it inte --- nds to adhere to its sales and marketing plans and has evaluated its potential sources of funds, including increased revenue from sales of its products and services and possible equity or debt financing. Although management intends to assess and act on these options through the course of the year, there can be no assurance that the steps management takes will be successful. c) Basis of measurement The condensed interim consolidated financial statements have been prepared on the historical cost basis except for certain financial instruments, which are measured at fair value, as explained in the accounting policies set out in note 3(c). In addition, these consolidated financial statements have been prepared using the accrual basis of accounting, except for cash flow information. d) Functional and presentation currency The functional and presentation currency of the Company and its subsidiaries is the Canadian dollar. ASTRON CONNECT INC. Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the Three Months Ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 7 2. BASIS OF PRESENTATION (continued) e) Use of estimates The preparation of these condensed interim consolidated financial statements in conformity with IFRS requires management to make judgments and estimates and form assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amount of revenues and expenses for the periods reported. The estimates and associated assumptions are based on historical experience and various other factors that are considered to be relevant. Actual results could differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis and may change if new information becomes available. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in note 3(r) in the annual financial statements as of September 30, 2025. f) Basis of consolidation These consolidated financial statements include the financial statements of the Company and its subsidiaries. A subsidiary is an entity controlled by the Company. The Company controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of the subsidiary are included in the consolidated financial statements from the date that control commences until the date that control ceases. All intercompany balances and transactions have been eliminated in preparing these consolidated financial statements. Entity Country of incorporation Ownership Sachiel Holdings Ltd. Canada 100% Sachiel Water Inc. Canada 100% Manna Resources Inc. Canada 100% g) Foreign currency translation Transactions denominated in foreign currencies are translated to the respective functional currencies of the Company and its subsidiaries at exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate prevailing at the re --- porting date. Non-monetary assets and liabilities are translated at historical exchange rates prevailing at each transaction date. Revenues and expenses are translated at exchange rates prevailing on the date of transactions. All exchange gains and losses are included in profit or loss. 3. OTHER RECEIVABLES December 31, 2025 September 30, 2025 $ $ GST receivables 4,008 563 4,008 563 4. INVESTMENT AND LOAN RECEIVABLE On August 17, 2022, the Company entered into an arm’s length agreement with an individual to acquire a loan receivable from a Canadian bottled water supplier (the “Borrower”) for the amount of $480,000 for consideration of $330,000 in cash and $150,000 in the form of the Company’s common shares. The Company’s common shares were issued at a deemed price of $0.10 per share. As part of this acquisition, the Company also acquired a 15% equity interest of the Borrower for $1. The loan is unsecured and bears interest at 10% per annum. During the year ended September 30, 2022, the Company provided the allowance for the entire balance of the loan and accrued interest receivable of $485,786 and has stopped accruing interest. ASTRON CONNECT INC. Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the Three Months Ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 10 5. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES December 31, 2025 September 30, 2025 $ $ Trade accounts payable 135,842 130,380 Due to directors and officers (Note 10) 143,450 108,950 279,292 239,330 6. GOVERNMENT ASSISTANCE During the year ended September 30, 2021, the Company applied for the COVID-19 Relief Program. Export Development Canada (EDC) and the Business Development Bank of Canada (BDC) provided a direct loan to the Company (“CEBA Loan”) of $40,000. During the year ended September 30, 2022, the Company received an additional loan of $20,000. The CEBA Loan has an initial term date on December 31, 2023 and may be extended to December 31, 2025. The CEBA Loan is non-revolving, with an interest rate being 0% per annum prior to the Initial Term Date and 5% per annum thereafter during any extended term, which is calculated daily and paid monthly. The CEBA Loan can be repaid at any time without penalty. On September 14, 2023, the Government of Canada announced extended deadlines for CEBA Loan repayments, providing an additional year for term loan repayment, and additional flexibilities for loan holders looking to benefit rom partial loan forgiveness of up to 33 per cent. The repayment deadline for CEBA Loan to qualify for partial loan forgiveness is being extended from December 31, 2023, to January 18, 2024. The repayment deadline to qualify for partial loan forgiveness now includes a refinancing extension until March 28, 2024. As of December 31, 2025, the Company has paid back the loan of Nil (September 30, 2025 - $40,000) with Nil (September 30, 2025 - $20,000) loan forgiveness from the Government, which was recorded as other gain on the financial statements. 7. SHARE EXCHANGE AGREEMENT On October 27, 2025, the Company entered into share exchange agreement (“Agreement”) with Innolink Network Ltd.,(“Innolink”) a private Company. Pursuant to the Agreement, the Company will acquire all the issued and outstanding common shares of the Company (the “Transaction”) and in connection with the Transaction, the Company intends to complete a non-brokered private placement to raise gross proceeds of up to $2,300,000 (the “Concurrent Financing” --- ). The Transaction is subject to the approval of the TSX Venture Exchange (the “TSXV”) and is intended to constitute a change of business and reverse takeover of the Company by the Company as defined in TSXV Policy 5.2 – Change of Business and Reverse Takeovers. The combined company that will result from the completion of the Transaction (thereafter referred to as the “Resulting Issuer”) will be renamed to a name as agreed to by the Company (the “Name Change”). Subject to TSXV approval, the common shares of the Resulting Issuer will trade on the TSXV under a new trading symbol to be determined by the parties and the Resulting Issuer will seek to be listed as a Tier 2 technology issuer. 8. SHARE CAPITAL a) Authorized: Unlimited number of voting common shares without par value. b) Issued and outstanding – 30,271,236 The Company had no share capital transactions during the period ended December 31, 2025. On November 12, 2024, the Company closed a non-brokered private placement with 13,333,335 common shares at a price of $0.03 per share for gross proceeds of $400,000. In connection with the non-brokered private placement, the Company paid a cash finder’s fee of $32,000. During the three months ended December 31, 2025, the Company has received advanced payments for subscription receipts of Current Financing in the amount of $193,000. ASTRON CONNECT INC. Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the Three Months Ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 10 9. RELATED PARTY TRANSACTIONS AND BALANCES Related party transactions have been measured at the exchange amount of consideration agreed between the related parties. Related party transactions not disclosed elsewhere in these consolidated financial statements are listed below: 2025 2024 $ $ Transactions: Director fees 12,000 - Salaries and benefits 22,500 - These transactions are in the normal course of operations and have been valued in these consolidated financial statements at their estimated fair value amounts. As at December 31, 2025, included in the accounts payable and accrued liabilities, there is $143,450 (September 30, 2025: $108,950) owing to directors and officers. 10. FINANCIAL INSTRUMENTS AND FINANCIAL RISK Fair value of financial instruments The Company has the following financial instruments as of December 31, 2025 and September 30, 2025: December 31, 2025 September 30, 2025 Financial assets Categories $ $ Cash and cash equivalents FVTPL 444,935 330,098 Other receivables (excluding GST) Amortized cost - - Investment FVTPL 1 1 Financial liabilities Accounts payable and accrued liabilities Amortized cost 279,292 239,330 The Company classifies its fair value measurements in accordance with the fair value hierarchies as follows: Level 1 - quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 - inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and Level 3 - inputs for the asset or liability that are not based on observable market data (unobservable inputs). The fair value of other receivables (excluding GST), loan receivable, accounts payable and accrued liabilities and government assistance approximate their carrying values as at the reporting date due to the short-term maturities of these instruments. Cash and cash equivalents and investment are level 1 fair val --- ue hierarchy. The risks associated with these financial instruments and the policies on how to mitigate these risks are set out below. Management monitors these exposures to ensure appropriate measures are implemented on a timely and effective manner. a) Currency risk The Company generates revenues and incurs expenses primarily in Canada and China and is exposed to risk from changes in foreign currency exchange rates. In addition, the Company holds financial assets and liabilities in foreign currencies that expose the Company to foreign exchange risk. A significant change in the currency exchange rates between the Canadian dollar relative to the US dollar could have an effect on the Company's results of operations, financial position and/or cash flows. The Company has not hedged its exposure to currency fluctuations. At December 31, 2025, the Company had cash of $444,935 (September 30, 2025: $330,098), which are included denominated in US dollars. For the period ended December 31, 2025, the Company’s sensitivity analysis suggests that a change in the absolute rate of exchange in US dollars by 10% will increase or decrease comprehensive loss by approximately $2,990 (September 30, 2025: $2,990). ASTRON CONNECT INC. Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the Three Months Ended December 31, 2025 and 2024 (Expressed in Canadian dollars) 10 10. FINANCIAL INSTRUMENTS AND FINANCIAL RISK (continued) b) Interest rate risk The Company is exposed to interest rate risk on the variable rate of interest earned on bank deposits. The interest rate risk on cash equivalents is insignificant, as the deposits are short-term. The Company’s $60,000 loan (note 6) is non-interest bearing until January 18, 2024. Any unpaid amount will be subject to 5% interest. The Company’s loan receivable have fixed interest rates of 10% per annum. The Company has not entered into any derivative instruments to manage interest rate fluctuations. As such, the Company’s cash flow would not be impacted by changes in market rates of interest. c) Credit risk Credit risk is the risk of financial loss to the Company if a counterparty to a financial instrument fails to meet its contractual obligations and arises principally from the Company’s cash and cash equivalents, trade and other receivables, and loan receivable. The Company limits its exposure to credit risk on cash and cash equivalents by depositing only with reputable financial institutions. Credit risk is primarily associated with trade receivables and loan receivables. Credit risk on trade receivables is minimized by performing credit reviews, ongoing credit evaluation and account monitoring procedures. All trade receivables have been reviewed for indicators of impairment and the consolidated financial statements take into account an allowance for bad debts. As at December 31, 2025 and September 30, 2025, the Company does not have a receivable trade balance. The Company’s Loan receivables are subject to expected credit loss model. Management assesses the credit worthiness of entities it advances loan to prior to and on a periodic basis. If it is determined that the counterparty is undergoing financial difficulty, management estimates a recoverable amount and books an allowance for expected credit losses. The Company’s loan receivables have been impaired to $nil during the period ended December 31, 2025. d) Liquidity risk Liquidity risk is the risk that the Company will not be able to me --- et its financial obligations as they fall due. As at December 31, 2025, the Company had a working capital of $149,216 (September 30, 2025: $62,109 deficiency). The Company is actively pursuing additional sources of financing to ensure that it can meet its ongoing operating requirements and planned capital expenditures. 9. CAPITAL MANAGEMENT The Company has defined its capital as share capital, reserves and accumulated deficit. The Company’s objectives when managing capital are to safeguard the Company’s ability to continue as a going concern, to maintain appropriate cash reserves on hand to support continued operations and shareholder returns, maintain capital structure while keeping capital costs at a minimum, and to invest cash on hand in highly liquid, highly rated financial instruments. The Company is not exposed to externally imposed capital restrictions, and the Company’s objectives and strategies described above have not changed during the period. These objectives and strategies are reviewed on a continuous basis. 10. SEGMENTED INFORMATION The Company operates in a single reportable operating segment: in the business of distribution and sale of beverage and food products in Canada, China and emerging markets. 11. SUBSEQUENT EVENT Subsequent to the period ended December 31, 2025, on February 26, 2026, the Company closed a non-brokered private placement of 47,800,000 subscription receipts (each, a “Subscription receipt) of the Company at a price of $0.05 per Subscription receipt for aggregate gross proceeds of $2,390,000. Each Subscription receipt comprises of one common share and one common share purchase warrant. Each common share purchase warrant is exercisable into one common share at an exercise price at $0.05 for a period of 36 months.