Announcement • Aug 28
KDA Group Inc. Announces Board Changes KDA Group Inc. announced the appointment of Ms. Louise Potvinas a director on its Board of Directors, replacing Dr.Jacques Turgeon, who has tendered his resignation. The appointment is effective July 27, 2026. The Corporation believes Ms. Potvin's contribution will be very significantto the next phase of its development. With more than forty years of experience in Quebec's health and social services network -- including several years leading major institutions -- she brings the Board a rare combination of clinical expertise, senior executive leadership and governance rigour.
Advisor in strategic management and governance. Ms. Potvin serves as an expert for advisory committees to the Auditor General of Quebec (Vrificateur gnral du Qubec)in connection with audit engagements relating to the health and social services network and Sant Qubec. A nurse by training and a holder of a Master of Business Administration (MBA) from HEC Montral, Ms. Potvin has notably served as President and Chief Executive Officer of the Centre intgr de sant et de services sociaux de la Montrgie-Est (CISSSME)-- an institution of some 18,000 employees with a $1.2-billion budget -- where she led the
merger of four institutions, the organization-wide deployment of a LEAN approach, improved access to services and the achievement of budgetary balance. A strategic-management and governance consultant, she has extensive board experience (Office des professions du Qubec, the OIIQ audit and finance committee, the Ordre des travailleurs sociaux et des thrapeutes conjugaux et familiaux du Qubec, and the La Capitale Mutuelle de l'administration publique group) and is a recipient of the OIIQ's Prix Florence Leadership. New Risk • Aug 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.9m (US$9.32m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.8m free cash flow). Earnings have declined by 20% per year over the past 5 years. Revenue is less than US$1m (CA$419k revenue, or US$302k). Market cap is less than US$10m (CA$12.9m market cap, or US$9.32m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). New Risk • Jul 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$14.1m (US$9.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.8m free cash flow). Earnings have declined by 20% per year over the past 5 years. Revenue is less than US$1m (CA$419k revenue, or US$295k). Market cap is less than US$10m (CA$14.1m market cap, or US$9.93m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). 
