Aja Health and Wellness Inc. Provides Update on Delay in Filing Financial Statements

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VANCOUVER, British Columbia, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Aja Health and Wellness Inc. ("Aja" or the "Company") (TSXV:Aja) announces that it is getting closer to filing its annual audited financial statements for the financial year ending December 31, 2024, including the related management’s discussion and analysis and certifications from the CEO and CFO (the "Annual Filings"), the Company's unaudited interim financial statements for the three months ended March 31, 2025, the management's discussion and analysis for the same period and management certifications of the interim filings (the "March Interims"), and the Company's unaudited interim financial statements for the three months ended June 30, 2025, the management's discussion and analysis for the same period and management certifications of the interim filings (the "June Interims" and together with the March Interims, the "Interim Filings").

On August 1, 2025, the Alberta Securities Commission (the "ASC") issued a Failure-to-File Cease Trade Order (the "FFCTO") because the Company was unable to file the Annual Filings and March Interims in time to meet the April 30, 2025 and May 30, 2025 deadlines, respectively. Following the issuance of the FFCTO, the Company was unable to file the June Interims in time to meet the August 29, 2025 deadline.

Aja previously announced that the delay in filing the Annual Filings was due to the determination that the previously announced reverse takeover transaction, which closed on September 17, 2024, will be characterized as a series of acquisitions for accounting purposes. This characterization requires a valuation of the purchase price allocation to complete the audited financial statements for the financial year ending December 31, 2024. The valuator has completed the draft valuation and has received comments from the auditor on the draft valuation. The Company expects to receive a final version of the valuation on or before October 31, 2025. The auditors are continuing to work with the Company to complete the audited financial statements for the financial year ending December 31, 2024 as quickly as possible. The Company expects the Annual Filings to be filed on or before November 14, 2025.

Aja is working to complete the Interim Filings as soon as possible and expects the Interim Filings to be filed on or before November 28, 2025.

The Company anticipates that the FFCTO will remain in place until such time as the Annual Filings and the Interim Filings are filed and the ASC issues a revocation of the FFCTO.

On behalf of the Board of Directors

"Sanjeev Parsad"

Sanjeev Parsad
President, CEO and Director

This news release contains "forward-looking information" within the meaning of applicable securities laws. When used in this address, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, readers are cautioned to not place undue reliance on forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date of publication of this information and the Company undertakes no obligation to update such forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Furthermore, the Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, its securities, or its financial or operating results (as applicable). All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

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

For further information, contact:

Sanjeev Parsad, President and CEO
Phone: (604) 678.9115
Fax: (604) 678.9279
E-mail: sparsad@ajahw.com
Web: www.ajahw.com

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