Avax One Technology (AVX) investor relations material

Executive summary

• The 2026 Annual Meeting will be held on May 29, 2026, with shareholders voting on director elections, auditor ratification, a reverse stock split, and executive compensation, among other matters.

• Shareholders of record as of April 17, 2026, are eligible to vote, with multiple voting methods available, including in-person, proxy, mail, and internet.

• The Board unanimously recommends voting in favor of all proposals and emphasizes the importance of shareholder participation.

Voting matters and shareholder proposals

• Proposals include electing five directors, ratifying CBIZ CPAs P.C. as auditor for 2026, approving a reverse stock split (1:2 to 1:12), and an advisory vote on 2025 executive compensation.

• The reverse stock split aims to help maintain Nasdaq listing requirements and may be implemented at the Board's discretion before December 31, 2026.

• Shareholders may submit director nominations and proposals for future meetings, subject to advance notice provisions.

Board of directors and corporate governance

• The Board consists of five directors, with four meeting Nasdaq independence standards.

• Three standing committees exist: audit, compensation, and nominating/governance, each with independent members and written charters.

• The Board separates the roles of Chairman and CEO and oversees risk management, with management handling day-to-day risks.

• No family relationships exist among directors or executive officers.