CEA Industries Confirms Receipt of Letter Requesting Board Set a Record Date in Connection with YZi Labs’ Consent Solicitation

Board of Directors will review letter to verify compliance with bylaws

Stockholders are not required to take any action at this time

LOUISVILLE, CO, March 13, 2026 (GLOBE NEWSWIRE) -- CEA Industries Inc. (Nasdaq: BNC) (“BNC” or the “Company”) has confirmed receipt of a letter from YZILabs Management Ltd. (“YZi Labs”) requesting that the Company’s Board of Directors (the “Board”) set a record date in connection with YZi Labs’ consent solicitation (the “Request Letter”).

The Request Letter is a required step in YZi Labs’ consent solicitation process to add up to seven directors to the Board. Because the current Board has only six Directors, this would effectively transfer control of the Board to YZi Labs. Such a change of control without the payment of a control premium is not in the best interests of stockholders.

YZi Labs’ Request Letter asks the Board to set a date that determines which stockholders are eligible to vote on YZi Labs’ proposals, including election of its director nominees. Only stockholders who hold shares as of that record date will be entitled to participate in the consent process.

The Company issued the following statement regarding the Request Letter:

For months, YZi Labs has claimed that it desires greater “independent” Board oversight. However, six of YZi Labs’ seven proposed director nominees are or have been employees of, investors in or advisors to Changpeng Zhao (CZ) and/or his affiliates, YZi Labs and Binance.

The Board urges stockholders to consider the potential consequences of transferring effective control of the world’s largest corporate treasury of BNB to close associates of one of the largest individual holders of BNB. For instance, should they take control of the Board, YZi Labs’ candidates could cause the Company to buy BNB directly from CZ and his affiliates at inflated prices, approve suboptimal transactions with parties affiliated with CZ or delay or block transactions that would be beneficial to the Company but do not serve CZ’s unique interests.

Notwithstanding YZi Labs’ costly and distracting campaign for control of the Board, the Board remains focused on governing BNC in the best interests of the Company and all stockholders. The Board will fairly and objectively determine whether to recommend YZi Labs’ candidates by assessing whether, and to what extent, each candidate would augment the Board’s existing skills, experience, expertise and independent oversight.