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Baylin Technologies Confirms Payment of Debentures in Common Shares at Maturity and Exchange of Preferred Shares

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TORONTO, June 24, 2026 /CNW/ – Baylin Technologies Inc. (the “Company”) (TSX: BYL) (OTCQB: BYLTF) confirms that it has exercised its right to repay the principal amount of its 8.5% Convertible Unsecured Debentures (the “Debentures”) due June 30, 2026 (the “Maturity Date”), through the issuance of common shares of the Company (the “Common Shares”), subject to compliance with the terms of the Debentures (the “Common Share Repayment Right”). 

Pursuant to the exercise of the Common Share Repayment Right, upon surrender of the Debentures, the Company will issue a total of 18,202,846 Common Shares in satisfaction of the principal amount of Debentures outstanding on the Maturity Date. The number of Common Shares to be issued is equal to the principal amount of the Debentures outstanding (currently, $5,115,000) divided by 95% of the current market price of $0.296 per Common Share (calculated based on the volume weighted average trading price of the Common Shares on the Toronto Stock Exchange (the “TSX”) for the 20 consecutive trading days ending five trading days before the Maturity Date, in accordance with the terms of the Debentures). The issuance of Common Shares in connection with the exercise of the Common Share Repayment Right is subject to customary conditions, including approval of the TSX. 

The Company has also agreed to exchange all of its $3,950,000 outstanding 10% Cumulative Redeemable Retractable Series A and Series B Preferred Shares (the “Exchanged Preferred Shares”) held by the Company’s controlling shareholder, 2385796 Ontario Inc. (the “controlling shareholder”), together with accrued and unpaid dividends thereon, for a total of 16,171,876 Common Shares, issued on a private placement basis at $0.281 per Common Share (the “Exchanged Common Shares”), plus a cash payment of approximately $0.25 in lieu of fractional shares (the “Exchange”). Mr. Jeffrey C. Royer, Chairman of the Board of Directors of the Company, exercises control and direction over securities held by the controlling shareholder. Mr. Royer currently exercises control and direction over approximately 50.3% of the issued and outstanding Common Shares. After giving effect to the Exchange, Mr. Royer is expected to exercise control and direction over approximately 53.4% of the issued and outstanding Common Shares.

The Exchange constitutes a “related-party transaction”, as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”), but is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter of the Exchange (being the Exchanged Preferred Shares acquired by the controlling shareholder), nor the consideration paid for the Exchange (being the Exchanged Common Shares plus a cash payment in lieu of fractional shares), exceed 25% of the Company’s market capitalization.

The Exchange has been approved by the Board of Directors of the Company, with Mr. Jeffrey C. Royer having recused himself. Completion of the Exchange is subject to customary conditions for a transaction of this type, including approval of the TSX. Subject to satisfaction of the conditions, the Exchange is expected to be completed on or about June 26, 2026.

ABOUT BAYLIN

Baylin is a leading diversified global wireless technology company focused on the research, design, development, manufacturing and sales of passive and active radio frequency and satellite communications products, and the provision of supporting services. For more information, visit www.baylintech.com.

FORWARD-LOOKING STATEMENTS

This release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. Forward-looking statements are not statements of historical fact. Rather, they are disclosure regarding conditions, developments, events or financial performance that we expect or anticipate may or will occur in the future, including, among other things, information or statements concerning our objectives and strategies to achieve those objectives, statements with respect to management’s beliefs, estimates, intentions and plans, and statements concerning anticipated future circumstances, events, expectations, operations, performance or results. Forward-looking statements can be identified generally by the use of forward looking terminology, such as “anticipate”, “believe”, “could”, “should”, “would”, “estimate”, “expect”, “forecast”, “indicate”, “intend”, “likely”, “may”, “outlook”, “plan”, “potential”, “project”, “seek”, “target”, “trend” or “will” or the negative or other variations of these words or other comparable words or phrases, which is intended to identify forward-looking statements, although not all forward-looking statements contain these words.

Forward-looking statements in this release include statements regarding the number of Common Shares to be issued in repayment of the Debentures pursuant to the Common Share Repayment Right and in connection with the Exchange and the controlling shareholder’s percentage ownership of the outstanding Common Shares. Forward-looking statements are based on assumptions that the Company believes are reasonable, including assumptions regarding the principal amount of Debentures outstanding on the Maturity Date and the Company’s ability to complete the repayment of the Debentures and the Exchange, in each case, on the terms and timelines anticipated and by satisfying the required conditions to completion.

Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s control and could cause actual results to differ materially from those expressed or implied in such statements. These risks include risks related to the failure to complete the repayment of the Debentures and the Exchange and other risks detailed in the Company’s continuous disclosure filings available on SEDAR+ at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of this release. Unless required by applicable law, the Company does not intend, and does not assume any obligation, to update any forward-looking statements.

SOURCE Baylin Technologies Inc.

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The Second Global Business Summit on BRI Infrastructure to Accelerate the SDGs Held in Singapore

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September 6, 2026

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SINGAPORE, Sept. 6, 2026 /PRNewswire/ — The Second Global Business Summit on Belt and Road Infrastructure Investment to Accelerate the SDGs was held in Singapore under the theme “Connect for Better World.” The Summit was organized by the UN Global Compact’s Sustainable Infrastructure for the Belt and Road Initiative to Accelerate the SDGs Action Platform, co-organized by UN Global Compact Network Singapore.

The Summit convened over 300 senior leaders and representatives of international organizations, global and regional enterprises, civil society organizations, academics and think tanks, launching a dozen of Sustainability-driven joint actions and innovative partnerships led by private sector with a view to unlock opportunities of BRI infrastructure cooperation to advance the 2030 Agenda for Sustainable Development.

The Summit adopted a declaration setting out business priorities for sustainable infrastructure, responsible AI, just energy transition, global supply chains resilience, sustainable finance, women and youth empowerment in digital era and international cooperation in traditional medicine. The Summit launched expert groups on sustainable energy and sustainable digital infrastructure, alongside 12 SDG-driven outcomes covering green mining, electricity carbon-footprint standards, biodiversity conservation, ocean protection, sustainable transport, women’s microenterprise growth and inclusive global development, led by private sector pioneers.

UN Assistant Secretary general, CEO of UN Global Compact Ms. Sanda Ojiambo noted resilient infrastructure is key to long-term sustainable development. She emphasized: “the initiatives being launched today – from new expert groups on sustainable energy and digital infrastructure to new guidance on biodiversity, green minerals, and responsible AI – demonstrate that meaningful progress depends on collaboration across borders, sectors, and value chains.” Through the BRI for SDGs Action Platform, she added, “companies are joining forces to develop practical guidance, share expertise, and collaborate on solutions that can be applied across industries and regions.”

Mr. Selwin Hart, UN Secretary-General’s Special Adviser on Climate Action and Just Transition said: “Through the Belt and Road Initiative, Chinese businesses and financial institutions can help connect China’s extraordinary clean energy capabilities with the enormous growth opportunities across the developing world. The next chapter of the energy transition must show what cooperation at scale can achieve. Because in a divided world, our greatest opportunities will come not from retreating behind borders, but from building bridges — connecting markets, mobilizing investment, sharing solutions and creating prosperity together.“

2026 kicks start the UN Decade of Sustainable Transport, UN Secretary-General’s Special Envoy for Road Safety Mr. Jean Todt noted the Belt and Road Initiative is one of the world’s largest infrastructure and connectivity efforts. Its scale must be matched by an equally strong commitment to safety. Mr. Li Junhua, Under-Secretary-General for Economic and Social Affairs of United Nations concluded the Summit by appealing “No single country can tackle today’s complex connectivity challenges in isolation. Cooperation, between governments, international organizations, financial institutions and the private sector, is crucial for keeping us connected. The Belt and Road Initiative stands as a prime example of cross-border connectivity in action.“

Ms. Armida Salsiah Alisjahbana, Executive Secretary of UNESCAP, Mr. Stephen Jackson, UN resident coordinator in China and Mr. Nikolas Myint, UN resident coordinator in Malaysia, Singapore and Brunei Darussalam highlighted importance role of the Summit to foster cross-border collaboration while noted China, Singapore and ASEAN region’s contribution to regional stability and global progress towards the SDGs.

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-second-global-business-summit-on-bri-infrastructure-to-accelerate-the-sdgs-held-in-singapore-302870873.html

SOURCE UN Global Compact

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TCL Showcases AI Inspired Life at IFA 2026 Through Its Screen Universe

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3 hours ago

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September 6, 2026

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From next-generation displays and AI-powered smart home experiences to sports-inspired moments, TCL presents an immersive vision of everyday life in the AI era.

BERLIN, Sept. 6, 2026 /PRNewswire/ — TCL today unveiled its vision for an AI Inspired Life at IFA 2026 through the “Inspiration Habitat,” an immersive smart-living environment that brings together next-generation displays, AI-powered smart home experiences and sustainable energy solutions. Built around TCL’s Screen Universe, the exhibition shows how screens across forms and applications are evolving into intelligent interfaces connecting people with content, services and the physical world.

With the FIBA Women’s Basketball World Cup 2026 taking place in Berlin during IFA, TCL is extending this vision from the exhibition floor to sports-inspired fan experiences, showing how display innovation and AI-enabled living can bring the energy of the court closer to everyday life.

“At IFA 2026, TCL is showing how AI and display innovation can create more intuitive, immersive and human-centered experiences,” said Daniel Sun, CTO of TCL Industries. “Through our Screen Universe, TCL is turning advanced display technologies and AI capabilities into tangible home experiences.”

TCL’s Screen Universe Turns Display Innovation into Everyday Intelligence

At IFA 2026, TCL brought together voices from technology, entertainment and creative industries to examine how larger screens, improved picture quality and intelligent interaction are shaping immersive home entertainment.

A key highlight is the TCL X11L SQD-Mini LED TV, which delivers up to 100% BT.2020 All-Scene Wide Color Gamut, precise dimming and up to HDR 10,000 nits peak brightness through next-generation display technologies. TCL also introduced RayNeo GT Max AR Glasses, the world’s first Dolby Vision-certified AR glasses, extending premium viewing beyond the living room into personal, mobile scenarios.

AI Inspired Life: Intelligence That Lives in Everyday Moments

Through the latest NXTHOME™ ecosystem, TCL presents a future-oriented approach to connected living, where smart displays, connected home appliances, AI experiences, interior design and sustainable living create a home environment that adapts to people’s needs.

The AiMe Family Companion Robot brings intelligent technology to life through natural multimodal interaction and lifelike motion control. TCL’s AI-powered appliances, including the FreshIN 3.0 Ultra Air Conditioner, TCL Free Built-in Refrigerator and TCL AI SuperDrum Laundry Tower P9 Ultra, translate AI capabilities into practical experiences across air care, food storage and laundry care.

Inspire Your Passion: Bringing the Thrill of Sport Beyond the Court

From the Olympic Games to the world’s top arenas, TCL continues to use sport as a powerful way to connect people through shared moments of passion, performance and possibility that Inspire Greatness in everyday life.

With IFA 2026 and the FIBA Women’s Basketball World Cup 2026 both taking place in Berlin, TCL is bringing the energy of women’s basketball into its Inspiration Habitat through basketball-inspired experiences and fan interactions. TCL is embedding the spirit of #TCLforHer across its activations and global communications, celebrating the confidence, resilience and ambition represented by women’s basketball.

View original content:https://www.prnewswire.co.uk/news-releases/tcl-showcases-ai-inspired-life-at-ifa-2026-through-its-screen-universe-302870862.html

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VITG Unveils Modern Managed Services and Managed Detection & Response as Part of a Broader AI and Cybersecurity Transformation across ANZ

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4 hours ago

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September 6, 2026

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SYDNEY, Sept. 7, 2026 /PRNewswire/ — As organisations across Australia and New Zealand navigate the accelerating impact of artificial intelligence, increasingly sophisticated cyber threats, and growing governance requirements, Virtual IT Group   (VITG) has announced the launch of Modern Managed Services  (MMS)  and Managed Detection & Response  (MDR) , that are next-generation managed services and managed security offerings designed to help organisations remain secure, resilient and ready for what’s next.

Modern Managed Services delivers a Modern Defensible Architecture framework for managed IT operations, ensuring security controls, governance frameworks and operational best practices are embedded and continuously maintained. Complementing this, Managed Detection & Response provides organisations with 24×7 Security Operations Centre (SOC) capability, actively monitoring, investigating and responding to threats using advanced security analytics and response technologies.

Jeremy Nees , Chief Product Officer, VITG , said:

“Too often, organisations purchase managed services only to discover they do not have the standard level of security they need. As businesses adopt AI, the old-world IT solutions that Managed Service Providers (MSP) are selling are simply not going to cut it. We’ve baked common security requirements into the MMS service from day one, applying the key principles of Modern Defensible Architecture: Secure-by-Design, Defense in Depth, and Zero Trust.

MDR and ZDR   can be layered on top or are available independently if you have your own IT service or team. The push to adopt AI is leaving security gaps across the ANZ mid-market. Our goal is to provide customers with technology that is secure, resilient, and ready for what’s next.”

The launch marks VITG’s second major solution release of the year, following the introduction of its Zero Trust Consulting Practice  and Zero Trust Detection & Response  (ZDR)  offering earlier in 2026. It is also the Group’s first launch since acquiring cybersecurity outfit Security Centric , building on the addition of Auckland based The Instillery  in 2025 and further strengthening VITG’s capabilities across managed services, cloud, cybersecurity, data and AI. VITG is also advancing a dedicated Data & AI Practice and Momentum, a continuous improvement framework currently being piloted with customers ahead of a market launch later this year.

Since joining VITG  at the start of the year, Maurice McCarthy , Chief Executive Officer , is committed to moving at pace to meet the demand that has been created off the back of the market’s rapid adoption of AI.   

McCarthy said, “The traditional managed services model was built for a different era. Today’s organisations need partners that can help them unlock the value of data and AI while strengthening cybersecurity, managing risk, and continuously evolving their technology environment.

Through the acquisition of Security Centric and The Instillery we have brought together market-leading expertise across managed services, data and AI, and cybersecurity. This launch is the first of several innovations we will introduce as we help organisations accelerate transformation and realise greater value from AI.”

Sash Vasilevski , Chief Security Officer, VITG , said:

“The technology businesses are using to unlock the value of AI, integrate systems, and build strong data foundations, is rapidly introducing new risks and attack surfaces.

As business leaders accelerate their adoption of AI, the gap between the threats they face and the security capabilities they have in place is growing faster than many businesses realise.”

Modern Managed Services and Managed Detection & Response are available immediately.

For more information, visit:

Modern Managed Services (MMS)

Managed Detection & Response (MDR)

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SOURCE Virtual IT Group

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