BNB Network Company (BNC)

The BNB ecosystem is evolving across three major fronts: • Real-world assets • AI infrastructure • Global capital markets These are structural trends, not short-term narratives.

The Board recently reconstituted all four standing committees: Audit, Compensation, Nominating & Governance, and Strategic, with fully independent directors. Strengthening oversight and aligning with public company governance best practices.

$BNC as a digital asset treasury company operates with the same transparency expectations as all other public companies. $BNC discloses its custody arrangements in its filings, including the use of Ceffu’s MPC-based custody infrastructure for BNB holdings. Transparency around operational risk is part of responsible treasury management.

Behind the headlines, the BNB ecosystem continues to expand: • 55M monthly active addresses • RWA collateral entering DeFi • Tokenized IPO access • AI payment rails Infrastructure first. Markets follow.

CEA Industries Inc. just reported 3QFY26 earnings 🔹 Revenue up, but headwinds. A 28% drop in BNB price drove a $159.8M unrealized loss, with airdrop income adding further pressure on the bottom line. 🔹 CEO transition underway. David Namdar will step down no later than August 31, 2026, with a formal search for his successor already in motion. 🔹 CEA is trading at a 67% discount to book value while doubling down on its position as the world's largest corporate BNB holder. The crypto story is still in its early chapters. Read John Roy, Ph.D.'s full report to see what it means for investors. watertowerresearch.com/doc?docID=UR_B… #CEA #Crypto $BNC #DigitalAssets #EarningsReport #CryptoInvesting #CorporateTreasury #CEOTransition #CryptoMarket #Blockchain #InvestorUpdate #EquityResearch #CryptoStrategy #SmallCap #ValueInvesting

For digital asset treasury companies, secure custody is a core consideration. $BNC’s BNB holdings are held with Binance’s institutional digital asset custody platform Ceffu that uses multi-party computation (MPC) wallet infrastructure and segregated accounts designed for institutional clients.

$BNC’s treasury strategy is clearly disclosed. Our treasury strategy is designed to accumulate and compound BNB over time, with a focus on growing value of our digital asset holdings on a per-share basis as a key long-term measure of shareholder value creation. Short-term price fluctuations don’t change long-term treasury strategy.

• No material leverage ✓ • No convertible debt ✓ • No forced selling triggers ✓ Flexibility through volatility. $BNC

Transparency isn't a buzzword for us. It's how we operate. Q3 dashboard: holdings, performance, custody - all visible in real time. $BNC bit.ly/4cRaRZc

Our new CFO Brent Miller has led finance at KKR Real Estate Finance Trust, Fortress Investment Group, and Figure Technology Solutions and guided the latter through its IPO. That's the caliber of public company leadership now supporting $BNC's BNB treasury strategy.

Q3 outlook reaffirmed: • Continue acquiring additional BNB • World's largest corporate treasury position • Opportunistic share repurchases Disciplined execution. $BNC

Q3 digital asset markets down across the board. BNC has been resilient in a tough crypto market: • No material leverage preserves optionality • Share repurchases executed • Governance foundation strengthened • Treasury dashboard live Structure > Optics. $BNC

Q3 recap - BNC’s Board adopted a Shareholder Rights Plan on Dec 26, 2025 to ensure that anyone seeking control of the company must pay an appropriate premium to all shareholders.

Q3 yield contraction: • Airdrop activity declined materially (market-wide) • Temporary reflection of broader market conditions Diversified approach continues. $BNC

Q3 G&A up due to activist defense fees. Responding to the activist campaign requires engaging legal, strategic, and communications advisors and is expensive. Temporary costs. Protecting shareholder interests. Progress: AMA renegotiation underway to reduce fees for all shareholders. $BNC

Opportunistic $BNC share repurchases when trading reflected material disconnect from underlying asset value. $BNC repurchased 1,807,234 shares this quarter at a 32% discount, reducing shares outstanding by 3.3% to the benefit of shareholders. Management conviction in per-share value. $BNC

$BNC governance strengthened: • Compliance expert Glenn Tyranski added to Board • Web3 regulation and policy exec Annemarie Tierney added to the board • Shareholder accountability reinforced Foundation work complete. $BNC

Q3 transparency: • Investor dashboard was launched in November 2025 with real-time holdings visible • All professional fees disclosed • Custody, yield, performance. Verify anytime No black box. bit.ly/4cRaRZc $BNC

As part of today’s update, $BNC also announced a leadership transition. CEO David Namdar will remain in his role through no later than August 31, 2026 to support a smooth transition as part of the Board’s succession planning process. More here: bit.ly/4bxRWjP

$BNC reported FY Q3 2026 results: • 500,000+ BNB treasury maintained • Opportunistic share repurchases executed • Governance strengthened (3 new independent directors) • No Material leverage, clean balance sheet preserved Full release: bit.ly/4uwM9DN