D-BOX Announces Voting Results of Annual and Special Meeting of Shareholders - Seite 2

The shareholder proposal from Daniel Marks and Stonehouse Capital Management inc., calling for shareholders to resolve that D-BOX forms a special committee of independent directors to review the strategic alternatives available to the Corporation, was voted against by the shareholders of the Corporation.

votes for	% for	votes against	% against
27,764,430	28.15%	70,852,327	71.85%

“We understand that shareholders believe we have made the right decision by creating a strategic review committee tasked with reviewing all strategic alternatives available to D-BOX,” said the Chair of the Board of Directors of the Corporation, Mr. Denis Chamberland.

OUTLOOK ON EXPANSION OF THEATRICAL FOOTPRINT

On a different note, during the Meeting, Mr. Sébastien Mailhot, the Chief Executive Officer of the Corporation, discussed in his address to shareholders on last year’s highlights and fiscal 2024, among other things, the Corporation’s expansion in theatrical venues. He stated that the Corporation had reached a total of 856 cinema screens as of June 2023 and that the Corporation would remain focused on its strategy to expand its theatrical footprint and expected to reach 1,000 screens within the next two to three years.

This information is “financial outlook” within the meaning of applicable Canadian securities legislation and is provided for the purposes of assisting the reader in understanding management’s expectations regarding the Corporation’s performance in the theatrical segment for the period it is provided and may not be appropriate for other purposes. This outlook is subject to certain assumptions, risk and uncertainties and actual results could vary. Please refer to the “Caution Regarding Forward-Looking Information” section of this press release for additional information on those assumptions, risks and uncertainties.

ABOUT D-BOX

D-BOX creates and redefines realistic, immersive entertainment experiences by moving the body and sparking the imagination through effects: motion, vibration and texture. D-BOX has collaborated with some of the best companies in the world to deliver new ways to enhance great stories. Whether it’s movies, video games, music, relaxation, virtual reality applications, themed entertainment or professional simulation, D-BOX creates a feeling of presence that makes life resonate like never before. D-BOX Technologies Inc. (TSX: DBO) is headquartered in Montreal with offices in Los Angeles, USA and Beijing, China. Visit D-BOX.com.