Dye & Durham Co-Founder Ronnie Wahi Intends to Reconstitute the Company’s Board and Seek a Sale of the Business

Wahi believes that the Board of Directors for Engine Capital is not involved in the interests from qualified potential buyers for a significant bonus, while the joint -stock value continues to be destroyed

The new council will fulfill the mandate to maximize the cost for all shareholders by selling the entire business

The board led by the engine chaired by almost 70% of the share price reduction and led the company on the verge of default debt

Vancouver, British Colombia, October 1, 2025 (Globe Newswire)-Roman Vakhi, co-founder, former financial director and member of Dye & Durham Limited (“Dye & DurhamOr “Company”) (DND: TSX) today announced that he intends to nominate individuals in connection with the annual meeting of shareholders of the company in 2025 (“ Annual Assembly ”) and seeks to significantly restore the board of directors DYE & Durham (“ Board ”).

Since the Engine Capital took control of the board in December 2024, the company has received a reckless strategy that caused a serious deterioration in income, increasing expenses. The result was a sharp decrease in the adjusted EBITDA and cash flow, as well as growing levers. Improper management is so common that in less than a year, the company drove a bicycle through four different general directors and three financial directors who were not fulfilled by default on its duty, encountered the management position so that there was no financial statements in the 2015 financial year, and then submit two annual information forms with financially various debt indicators – all this emphasizes clear distorting leadership and superiority.

Over the past few months, Vakhi has made repeated and ultimately barren attempts to constructively interact with the advice on these critical issues. The commemorative price of the company's shares, currently lower than the cost of an IPO, is a huge evidence that the shareholders have lost faith and quickly leave the action. The only hope for shareholders to maintain and maximize the remaining value of the business – the full sale of the company was transferred to the process of a special committee without a steering wheel.

Shocking, Mr. Wahi understands that Dye & Durham continues to receive a percentage of qualified buyers with a significant bonus to the current price of shares, refuses to interact significantly with them and instead can look for destructive sales of valuable assets of high growth.

The current state of affairs is unbearable. Left without any other options, Mr. Wahi intends to appoint highly qualified persons in order to restore the board at the annual meeting. After the election, the new directors will fulfill the mandate to maximize the cost for all shareholders by selling the entire business. New directors will also strive to relax for any sales of assets that the company is taking before the restoration of the board of directors.

M -Vahi believes that many shareholders share his deep sense of disappointment as a result of the inability of the rule to act in the interests of shareholders and his condemnation, that only a substantially restored council can protect shareholders from further destruction of value.

Additional information

The information contained in this press release is not intended and not intended for the proposal of proxy in the value of applicable corporate and securities. Currently, there is no date for notes or meetings, and at present, shareholders are not asking for a power of attorney in favor of any of the candidates of the wiha or any other issue that will be completed at the annual meeting. In connection with the annual meeting, the information circular of the dissident may submit to the wih (“Information circular”) Modernly in accordance with applicable corporate and valuable laws.

This press release and any requests made by the Wahi in anticipation of the annual meeting, or, as applicable, was made by the VAHE, and not on behalf of the company's management. All expenses incurred for any queries will bear Mr. Wahi, provided that, in accordance with the applicable legislation, Wahi may apply for reimbursement from Mr. Wahi’s company outside the pocket, including costs at the request of proxies and legal fees incurred in connection with the successful restoration of the Council.

Mr. Wahi does not require proxies in connection with the annual meeting at present, and currently shareholders are not asking for proxies in favor of any of the candidates of the wih (in relation to the annual meeting) or any question that will be implemented at the annual meeting. M -Vahi can request a power of attorney in accordance with the information circulars sent by the shareholders, after which the petitions can be made on behalf of G -Wahi, by mail, telephone, fax, e -mail or other electronic means, as well as newspapers or other advertising in the media, as well as personally by directors, employees and employees of the VAI, which will not be specially not fulfilled. M -wih can also request proceedings, depending on the release of public broadcasting on demand on request in accordance with applicable Canadian laws on corporate and securities transmitted by public broadcast, including by press, performances or publications, and in any other way, permitted in accordance with applicable laws on corporate and securities. M -Vahi can attract the services of one or more agents and authorize other persons to help in choosing proxies on behalf of Mr. Wahi.

Refusal of liability for prospective information

Some information in this press release may make “informative information” in the value of the applicable legislation on securities. Advanced statements and information, as a rule, can be identified by using promising terminology, such as, but not limiting, “maybe”, “will”, “expect”, “intend”, “assessment”, “anticipate”, “to foresee”, “should”, “plans”, “continue” or similar expressions that offer future results or events. Advanced information in this press release may include, but is not limited by Mr. Wahi regarding (I) about how Mr. Wahi intends to use his legal rights as a shareholder of the company, and (II) plans to make changes to the board of directors of the company.

Although Mr. Wahi believes that the expectations reflected in any such forecast information are reasonable, there can be no guarantees that such expectations will be correct. Such promising statements are subject to risks and uncertainty, which can lead to the fact that the actual results, results or events differ significantly from those contained in statements, including without restrictions, risks that (I) can use tactics to disrupt the rights of Mr. Wahi as a shareholder, and (II) proposed actions and changes required by Mr. Wai, do not become on the spot. With the exception of cases required by law, Mr. Wahi does not intend to update these forecast statements.

Contact

Ronnie part
[email protected]

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