PR Technology Inc. — Board/Management Information 2024

May 24, 2024

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PR Technology Inc Appointed Mr. Hyun Chul Oh to join the board

VANCOUVER, BC, May 24, 2024 - PR Technology Inc (CSE “PRT” or the “Company”) is pleased to welcome Mr. Hyun Chul Oh to its board of directors.

At 53 years old, Mr. Oh has established himself as a prominent figure in the technology and electric vehicle (EV) charging industries in Korea. Holding a degree in Business Administration, he has lead several pioneering companies in Korea.

Mr. Oh began his career in the technology as President of SKB&B from February 1998 until January 2004, a crucial role that contributed significantly to broadband business in Korea. Following his tenure at SKB&B, HyunChul has held a several leadership roles at SGIT Group and its subsidiary, SGIT Inc, since January 2004. As a CEO of SGIT, Inc. he has focused on the rapidly expanding field of electric vehicle (EV) charging solutions, positioning the company at the forefront of this critical industry. HyunChul’s strategic vision and leadership have not only driven growth and innovation at SGIT, Inc. but have also made significant contributions to the evolution of technology infrastructure in Korea.

Neon Jun (James) Ryu, President and CEO of the Company, expressed enthusiasm about the incredible opportunity brought by Mr. Oh wealth of expertise and experience in broadband and EV charging sectors. As they explore potential ventures in Canada and Korea, their collective contributions promise the shape the Company’s trajectory positively.

About PR Technology Inc.

The Company is a technology company with a portfolio of intellectual properties in the wireless power transmission (“ WPT ”) technology industry. The Company has developed a low frequency resonant WPT technology and offers WPT products. The Company, through its wholly-owned subsidiary, PRT Korea Co., Ltd., is primarily focused on the development of its WPT systems for factory automation and rail guided vehicles on the factory floor. The Company is also engaged in developing wireless chargers for mobile devices, wireless charging stations for drones, wireless charging products for home appliances, and wireless LED lights for toys and fish tanks.

Further Information

PR Technology Inc.

Neon Jun (James) Ryu, CEO and Director

Telephone: (236) 412-6844

Email: njryu74@khu.ac.kr

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forwardlooking statements and information can be identified by the use of forward-looking terminology such as "expects", "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, the ability of the Company to file the Annual and Interim Filings within the time period described herein and that the Company will satisfy the conditions of the BCSC to have the CTO lifted.

These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: the Company being unable to file the Annual and Interim Filings in the proposed timeframe; the Company being unable to satisfy the conditions of the BCSC to have the CTO lifted; recent market volatility; and the state of the financial markets for the Company’s securities.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the Company will be able to file the Annual and Interim Filings in the proposed time frame and that the Company will be able to satisfy the conditions of the BCSC to have the CTO lifted.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.