Baylin Announces Voting Results from the 2023 Annual and Special Meeting of Shareholders

TORONTO, May 11, 2023 /CNW/ - Baylin Technologies Inc. (TSX: BYL) (the "Company") announced today the results of matters voted on at its annual and special meeting of shareholders held on May 11, 2023 (the "Meeting"). The voting results of each such matter are outlined below.

There were 54,926,545 common shares of the Company represented by shareholders present in person or by proxy at the Meeting, representing approximately 68.4% of the Company's total issued and outstanding common shares as at the record date for the Meeting.

Matter 1:        Election of Directors

On a vote by way of ballot, each of the six nominees proposed by management was elected to serve as a director of the Company to hold office for the ensuing year or until their successors are elected or appointed.

Nominee	Votes in Favour		Votes Withheld
	Number	Percentage	Number	Percentage
Janice Davis	53,551,431	99.76	126,323	0.24
Bejoy Pankajakshan	53,545,760	99.75	131,994	0.25
Barry Reiter	53,427,207	99.53	250,547	0.47
Jeffrey Royer	53,467,307	99.61	210,447	0.39
David Saska	53,557,807	99.78	119,947	0.22
Donald Simmonds	53,576,307	99.81	101,447	0.19
Harold Wolkin	53,210,365	99.13	467,389	0.87

Matter 2:        Appointment of Auditors

On a vote by way of ballot, RSM Canada LLP were appointed auditors of the Company to hold office until the next annual meeting of shareholders, at a remuneration to be fixed by the directors of the Company.

Votes in Favour		Votes Withheld
Number	Percentage	Number	Percentage
54,613,404	99.87	69,773	0.13

Matter 3:        Amended and Restated Omnibus Equity Incentive Plan - Unallocated Awards

On a vote by way of ballot, shareholders authorized the Company to continue to grant unallocated awards (options, rights and other entitlements) under the Amended and Restated Omnibus Equity Incentive Plan for a further period of three years, all as described in the Management Information Circular for the Meeting.

Votes in Favour		Votes Against
Number	Percentage	Number	Percentage
53,168,696	99.05	509,058	0.95

Matter 4:        Amended and Restated Omnibus Equity Incentive Plan - Amendment to Increase the Number of Common Shares Issuable under the Plan

On a vote by way of ballot, shareholders approved an amendment to the Amended and Restated Omnibus Equity Incentive Plan to increase the number of common shares issuable under the Plan from 10% to 12% of the number of common shares outstanding from time to time, all as described in the Management Information Circular for the Meeting.

Votes in Favour		Votes Against
Number	Percentage	Number	Percentage
53,053,342	98.84	642,412	1.16

About Baylin

Baylin is a diversified global wireless technology company. We focus on the research, design, development, manufacture and sale of passive and active radio-frequency products, satellite communications products, and supporting services. For further information, please visit www.baylintech.com.

SOURCE Baylin Technologies Inc.

Kelly Myles, Marketing and Communications Director, Baylin Technologies Inc., [email protected]