Shareholder Update (February 22, 2023)

Shareholder Update (February 22, 2023)

Annual Shareholder Meeting: As recently noticed to its shareholders, CGE Energy, Inc.’s (“CGE”) annual shareholder meeting is scheduled for March 3, 2023, at CGE’s Brighton Headquarters, located at 7627 Park Place, Brighton, Michigan 48116. Pursuant to the notice, the annual meeting will be in-person only. The agenda for the meeting is: (i) Welcome and call to order; (ii) Management Presentation; (iii) Election of CGE Board of Directors; and (iv) Closing. The individuals nominated for the 2023-24 CGE Board of Directors are: Bruce Bruinsma; Mark Cecil; Kevin Cook; Craig Hancock; Larry Leete; William Naubert; Michael Pollakowski; Paul Schneider; Harold Telners; Gary Westerholm; and Bryan Zaplitny. Shareholders interested in casting a vote to elect Directors should bring proof of current shareholdings to the meeting.

OTC Update: As previously reported in CGE’s press release, dated October 11, 2022, CGE ceased supporting the OTC Pink market last year. CGE made the determination not to continue paying for listing on the OTC Pink market, as CGE did not believe that the quotations provided by brokers in that market accurately reflected the Company’s actual value, and CGE was concerned that its reported share price was being manipulated using small volume transactions.

As a result of CGE no longer supporting an OTC Pink listing, trading in CGE shares was recently moved to the OTC “Expert Market”. CGE does not support the “Expert Market” either, and CGE believes that low-volume trading may be used to manipulate pricing on that platform as well. For example, on February 22, 2023, 690 shares of CGE were reported sold on the “Expert Market” at a price of $.0004. Assuming that this reported transaction was accurate, it appears to have involved the purchase/sale of CGE shares for a payment of only $.27 (690 shares x $.0004/share). Especially considering the cost and fees typically involved in buying and selling securities, CGE believes that this kind of trading confirms that market manipulation on low-volume transactions may be occurring.

CGE looks forward to updating its shareholders at its annual meeting, but CGE does not make recommendations regarding the purchase or sale of its securities.