CHINA KELI ELECTRIC ANNOUNCES APPLICATION FOR VOLUNTARY DELISTING FROM THE TSX VENTURE EXCHANGE IN ANTICIPATION OF DGEN TRANSACTION AND CSE LISTING

VANCOUVER, BC, Oct. 9, 2026 /CNW/ -- China Keli Electric Company Ltd. (the "Company") is pleased to announce that, in connection with its previously announced acquisition of DGEN Technologies Corp. (the "Transaction") and the proposed listing of its common shares (the "Common Shares") on the Canadian Securities Exchange (the "CSE"), the Company has applied to voluntarily delist the Common Shares from the NEX board of the TSX Venture Exchange (the "TSXV") (the "Delisting").

It is expected that the TSXV will issue a bulletin confirming that the Common Shares will be delisted from the NEX board of the TSXV effective at the close of market on October 13, 2026. The Delisting remains subject to acceptance by the TSXV.

Following the Delisting, the Company expects to complete the Transaction and file its CSE Form 2A listing statement on SEDAR+ under the Company's profile. The Company has received conditional approval to list the Common Shares on the CSE and expects the listing of the Common Shares on the CSE to occur shortly thereafter, subject to satisfaction of the conditions of the CSE's conditional approval and receipt of final approval from the CSE. The Company will provide a further update upon completion of the Transaction and the CSE listing.

About China Keli Electric Company Ltd.

China Keli Electric Company Ltd. is currently without an active business, and its Common Shares are listed on the NEX board of the TSXV. Upon completion of the Transaction, the Company expects to change its name to "DGEN Technologies Corp." and carry on the business of DGEN Technologies Corp.

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 release.

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws, including, without limitation, statements regarding the expected issuance by the TSXV of a bulletin confirming the Delisting; the anticipated effective date of the Delisting; the expected completion of the Transaction; the filing of the Company's listing statement on SEDAR+; the satisfaction of the conditions to the CSE's conditional approval; the receipt of final approval from the CSE; and the anticipated listing of the Common Shares on the CSE and the timing thereof. Forward-looking information is based on management's current expectations, estimates, projections, beliefs and assumptions as of the date of this news release, including that the TSXV will accept the Delisting and issue its bulletin on the anticipated timeline, the conditions to completion of the Transaction and the CSE listing will be satisfied or waived in a timely manner and all required regulatory and other approvals will be obtained.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such information. These risks and uncertainties include, but are not limited to: delays in, or the failure to obtain, acceptance of the Delisting or issuance of the TSXV bulletin; the possibility that the Transaction may not be completed on the anticipated terms or timeline, or at all; the failure to satisfy the conditions to the CSE's conditional approval; delays in filing the listing statement; the possibility that the CSE may not grant final approval for the listing of the Common Shares when expected or at all; and unforeseen events or delays affecting the Transaction, the Delisting or the CSE listing. Readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date of this news release. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

SOURCE China Keli Electric Company Ltd.

For further information, please contact: CHINA KELI ELECTRIC COMPANY LTD., Philip Lo, Chief Executive Officer, Tel. No.: (852) 5138 1632, Email: [email protected]