Vancouver, British Columbia – TheNewswire - September 8, 2023 - 5D Acquisition Corp. ("5D" or the "Corporation") (TSXV:FIVD.P) announces changes to the directors of the Company and a transfer of escrowed shares (the "Transfers").

Zhaoji Hou and Jiewei Wang have been appointed as directors of the Company to fill the vacancies left from the resignations of David Labistour and Paul Wilson.  The Company would like to thank Messrs. Labistour and Wilson for their services and wishes them all the best in their future endeavours.  In connection with their resignations, Mr. Labistour and Mr. Wilson have transferred an aggregate of 900,000 common shares in the capital of the Company to Mr. Hou and Mr. Wang.  In accordance with the policies of the TSX Venture Exchange (the “TSXV”), such shares will continue to be subject to escrow restrictions. The Transfers have been approved by the TSXV.

ABOUT THE CORPORATION

The Corporation is a capital pool company (a "CPC") that has not commenced commercial operations and has no assets other than cash.  Except as specifically contemplated in the TSXV's CPC policy, until the completion of its qualifying transaction, the Corporation will not carry on business, other than the identification and evaluation of businesses or assets with a view to completing a proposed qualifying transaction.

For further information, please contact:

Mohammad Fazil

Chief Executive Officer and Director

Telephone:  403.613.7310

Email: mfazil@lionparkcapital.com

This press release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding the Transfer.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect the Company’s management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. This forward-looking information may be affected by risks and uncertainties in the business of the Company and market conditions.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company have attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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