Charbone Shareholders Approve All Resolutions, Including Director Elections and New Incentive Plan

Varennes, Québec — June 23, 2026 — Leads & Copy — CORPORATION CHARBONE, a vertically integrated company specializing in industrial gases with a focus on the production, distribution, and storage of Ultra High Purity (UHP) clean hydrogen and other strategic industrial gases, announced that its annual and special meeting of shareholders (the “Meeting”) was held on June 18, 2026. Shareholders approved all proposed resolutions, including the election of directors, the appointment of RICHTER S.E.N.C.R.L. as the Company's auditor, and the confirmation of a new global share incentive plan.

The elected directors who will serve until the next annual general meeting are Dave B. Gagnon, Denis Crevier, Frédéric Lecoq, François Vitez, André Halley, Jean-Claude Gonneau, and Gregory Fourel. The shareholders also authorized the board of directors to set the auditor's remuneration.

The confirmed share incentive plan allows for a broad range of incentive awards, including stock options (“Options”), restricted share units (“RSUs”), performance share units (“PSUs”), and deferred share units (“DSUs”), collectively referred to as “Awards.” These awards are intended to attract, retain, and motivate employees, directors, officers, and consultants of the Company.

Dave Gagnon, President and Chief Executive Officer of CHARBONE, stated that 2026 marks a turning point for the company, entering a phase of execution, commercialization, and growth after years of development and preparation. He highlighted the team's exceptional work in transforming the company's vision into reality.

In addition to the shareholder approvals, CHARBONE announced the grant of certain equity Awards under its global incentive plan. The board of directors has awarded annual equity grants to its employees, consultants, directors, and officers. Specifically, 700,000 options were issued to employees and consultants at an exercise price of $0.15, expiring two years from the date of grant, with immediate vesting. A total of 2,960,000 DSUs were granted to board members, vesting one year after the grant date, subject to certain exceptions. Furthermore, 3,500,000 RSUs were granted to the Company's executives, vesting one year after the grant date and potentially settled up to three years thereafter.

CHARBONE is a vertically integrated industrial gas company focused on developing and operating a regional network of logistics platforms for the production, storage, and distribution of UHP industrial gases. The company serves sectors such as semiconductors, artificial intelligence and data centers, advanced pharmaceuticals, and aerospace and defense, where UHP gases are crucial for high-precision manufacturing and operational performance. CHARBONE is developing a network of UHP clean hydrogen production facilities across North America and select international markets, employing a modular, decentralized, and demand-driven approach. This model, combined with its integrated storage and distribution platform, supports controlled growth, operational flexibility, and diversified revenue generation, enabling the reliable supply of UHP gases like hydrogen, helium, and oxygen to mid-sized industrial clients. The company is committed to supporting the global transition to a low-carbon economy by providing accessible and decentralized clean hydrogen and specialty gases while addressing supply gaps for underserved industrial customers.

Source: CORPORATION CHARBONE