<p>開始其抵押貸款組合的鏈上遷移，解鎖抵押貸款生態系統中的更高透明度、效率和收益機會</p>
<p>截至目前，已有超過五億美元的抵押貸款被代幣化，Pineapple 將傳統貸款數據轉換為安全、可審計的數字資產</p>
<p>此次發佈包括抵押貸款數據市場和 Pineapple Prime，帶來機構級分析和鏈上抵押貸款收益</p>
<p>加拿大安大略省多倫多 --（Newsfile Corp. -2025 年 12 月 10 日）-- <strong>Pineapple Financial Inc.</strong>（紐約證券交易所美國：PAPL）（&#34;Pineapple&#34; 或 &#34;公司&#34;），一家領先的金融科技平台，今天宣佈推出其抵押貸款代幣化平台，這是公司鏈上金融基礎設施戰略的一項重大進展。Pineapple 現在正在將歷史上被困在 PDF、電子郵件和後台文件夾中的現實世界抵押貸款記錄轉換為安全和可編程的數字資產，運行在 Injective 區塊鏈上。</p>
<p>這標誌着全球首家上市抵押貸款公司在公共區塊鏈上代幣化其自身貸款賬簿並將鏈上數據整合到日常運營中的首次實例之一。作為平台初始部署的一部分，Pineapple 已經將 1,259 份之前發放的抵押貸款文件遷移到鏈上，代表約 7.16 億加元的融資抵押貸款總額。在接下來的幾個月中，公司預計將遷移其超過 29,000 份已融資抵押貸款的整個歷史組合，總額約為 137 億加元，並持續增加新的發放。</p>
<p>每個代幣化的抵押貸款記錄包含超過 500 個獨特的數據點，創建一個統一、可審計且防篡改的真實來源，旨在簡化操作工作流程、改善風險建模並解鎖新的金融產品。</p>
<p>&#34;Pineapple 一直是現代化加拿大抵押貸款行業的先鋒，將一個傳統且分散的領域重塑為一個以技術驅動和數據為基礎的生態系統，&#34; Pineapple Financial 的首席執行官 Shubha Dasgupta 説。&#34;通過將我們的貸款賬簿遷移到鏈上，我們不僅提高了透明度和效率，還為全新的金融產品奠定了基礎，從數據市場到抵押貸款收益平台。這是抵押貸款金融的未來，Pineapple 自豪地引領這一轉型。&#34;</p>
<p>&#34;在 Injective 上代幣化 Pineapple 的抵押貸款組合代表了上市公司進行的最重要的現實資產部署之一，&#34; Injective Labs 的機構市場顧問 Cooper Emmons 説。&#34;Pineapple 正在通過大規模將真實抵押貸款數據遷移到鏈上設定新的行業標準，而 Injective 則旨在支持這種級別的金融創新。我們很高興能與 Pineapple 合作，為抵押貸款市場帶來新的透明度、可編程性和可及性。&#34;</p>
<p>Pineapple 的代幣化平台旨在解決抵押貸款金融中長期存在的操作挑戰，包括數據系統分散、手動審計和過時的文件跟蹤流程。通過將結構化的貸款級數據遷移到鏈上，Pineapple 可以支持自動驗證、實時審計跟蹤和無縫數據共享，以滿足合規的機構使用。</p>
<p>在此基礎上，Pineapple 正在開發兩個新的商業產品：</p>
<ul>
<li>抵押貸款數據市場，一個許可平台，旨在為尋求改善基準、風險分析和市場情報的機構提供合規的匿名貸款級數據訪問。</li>
</ul>
<ul>
<li>Pineapple Prime，一個即將推出的產品，旨在提供鏈上抵押貸款收益機會，擴大投資者對加拿大最穩定的現實資產類別之一的訪問。</li>
</ul>
<p>Pineapple 已推出一個專門的代幣化着陸頁，配備實時指標跟蹤器，隨着新抵押貸款資產在鏈上鑄造而自動更新。要了解有關該平台的更多信息並查看抵押貸款的未來，請訪問 https://pineappledigitalassets.com/。</p>
<p><strong>關於 Pineapple Financial Inc.</strong></p>
<p>Pineapple Financial Inc. 是一家屢獲殊榮的金融科技公司和領先的加拿大抵押貸款經紀網絡，專注於代理和經紀人的長期成功以及房主的整體體驗。Pineapple 在網絡中擁有數百名經紀人，創造尖端的基於雲的工具和 AI 驅動的系統，使其經紀人能夠幫助加拿大人實現擁有住房的夢想。Pineapple 積極參與社區，並自豪地贊助遍佈加拿大的慈善機構，以改善其他加拿大人的生活。</p>
<p>安全港前瞻性聲明</p>
<p>本公告中的某些聲明為前瞻性聲明。這些前瞻性聲明涉及已知和未知的風險和不確定性。它們基於公司當前對未來事件的預期和預測，公司認為這些事件可能會影響其財務狀況、經營成果、商業戰略和經濟需求。投資者可以通過諸如 “可能”、“將”、“期望”、“預期”、“旨在”、“估計”、“打算”、“計劃”、“相信”、“可能”、“潛在”、“繼續” 或其他類似表達來識別這些前瞻性聲明。公司沒有義務公開更新或修訂任何前瞻性聲明，以反映後續發生的事件或情況或在本公告日期之後出現的預期變化，法律另有要求的除外。這些聲明受到不確定性和風險的影響，包括但不限於與市場狀況相關的不確定性、INJ 市場價格的波動以及由於 INJ 市場價格低於其在我們資產負債表上所載價值而可能產生的任何相關減值費用；與我們 INJ 持有相關的會計處理變化；公司的財務狀況、客户對我們 INJ 財務策略的接受程度，以及在註冊聲明和向 SEC 提交的定期報告的 “風險因素” 部分中討論的其他因素。儘管公司相信這些前瞻性聲明中表達的預期是合理的，但無法保證這些預期是正確的。公司提醒投資者，實際結果可能與預期結果存在重大差異。公司鼓勵投資者查看可能影響其未來結果的其他因素，這些因素在公司的註冊聲明和其他向 SEC 提交的文件中進行了説明。其他因素在公司向 SEC 提交的文件中進行了討論，供在 www.sec.gov 上查閲。</p>
<p><strong>媒體聯繫人：</strong></p>
<p>KCSA 戰略傳播</p>
<p>Kristin Cwalinski</p>
<p>pineapple@kcsa.com</p>
<p><strong>投資者關係：</strong></p>
<p>KCSA 戰略傳播</p>
<p>Jack Perkins</p>
<p>pineapple@kcsa.com</p>
<p><strong>關注我們的社交媒體：</strong></p>
<p>Instagram: @pineapplemortgage @empoweredbypineapple</p>
<p>Facebook: Pineapple Mortgage</p>
<p>LinkedIn: Pineapple Mortgage</p>
<p>X（前身為 Twitter）：@PAPLpineapple</p>
<p>要查看本新聞稿的源版本，請訪問 https://www.newsfilecorp.com/release/277544</p>

PAPLD

PAPL

<p>Pineapple Financial 推出了一種抵押貸款代幣化平台，將其 137 億美元的投資組合轉換為 Injective 區塊鏈上的數字資產。此舉旨在提高抵押貸款生態系統的透明度、效率和收益機會。該平台包括一個抵押貸款數據市場和 Pineapple Prime，提供機構級分析和鏈上抵押貸款收益。Pineapple 的這一舉措代表了一家上市公司在真實世界資產部署方面的重要進展，為鏈上抵押貸款數據整合設定了新的行業標準</p>

<p>Commences on-chain migration of its mortgage portfolio, unlocking elevated transparency, efficiency, and yield opportunities across the mortgage ecosystem</p>
<div class="lb-trans"><p>開始其抵押貸款組合的鏈上遷移，解鎖抵押貸款生態系統中的更高透明度、效率和收益機會</p>
</div><p>More than half a billion dollars in mortgages tokenized to date as Pineapple converts legacy loan data into secure, auditable digital assets</p>
<div class="lb-trans"><p>截至目前，已有超過五億美元的抵押貸款被代幣化，Pineapple 將傳統貸款數據轉換為安全、可審計的數字資產</p>
</div><p>Launch includes Mortgage Data Marketplace and Pineapple Prime, bringing institutional-grade analytics and mortgage-backed yields on-chain</p>
<div class="lb-trans"><p>此次發佈包括抵押貸款數據市場和 Pineapple Prime，帶來機構級分析和鏈上抵押貸款收益</p>
</div><p>Toronto, Ontario--(Newsfile Corp. - December 10, 2025) - <strong>Pineapple Financial Inc.</strong> (NYSE American: PAPL) (&#34;Pineapple&#34; or &#34;the Company&#34;), a leading fintech platform, today announced the launch of its mortgage tokenization platform, a major advancement in the Company's on-chain financial infrastructure strategy. Pineapple is now converting real-world mortgage records, historically trapped in PDFs, emails, and back-office folders, into secure and programmable digital assets on the Injective blockchain.</p>
<div class="lb-trans"><p>加拿大安大略省多倫多 --（Newsfile Corp. -2025 年 12 月 10 日）-- <strong>Pineapple Financial Inc.</strong>（紐約證券交易所美國：PAPL）（&#34;Pineapple&#34; 或 &#34;公司&#34;），一家領先的金融科技平台，今天宣佈推出其抵押貸款代幣化平台，這是公司鏈上金融基礎設施戰略的一項重大進展。Pineapple 現在正在將歷史上被困在 PDF、電子郵件和後台文件夾中的現實世界抵押貸款記錄轉換為安全和可編程的數字資產，運行在 Injective 區塊鏈上。</p>
</div><p>This marks one of the first instances globally of a publicly traded mortgage company tokenizing its own loan book on a public blockchain and integrating on-chain data into day-to-day operations. As part of the platform's initial deployment, Pineapple has already brought 1,259 previously originated mortgage files on-chain, representing approximately $716 million CAD in funded mortgage volume. Over the coming months, the Company expects to migrate its entire historical portfolio of more than 29,000 funded mortgages, totaling approximately $13.7 billion CAD, with new originations added on an ongoing basis.</p>
<div class="lb-trans"><p>這標誌着全球首家上市抵押貸款公司在公共區塊鏈上代幣化其自身貸款賬簿並將鏈上數據整合到日常運營中的首次實例之一。作為平台初始部署的一部分，Pineapple 已經將 1,259 份之前發放的抵押貸款文件遷移到鏈上，代表約 7.16 億加元的融資抵押貸款總額。在接下來的幾個月中，公司預計將遷移其超過 29,000 份已融資抵押貸款的整個歷史組合，總額約為 137 億加元，並持續增加新的發放。</p>
</div><p>Each tokenized mortgage record contains more than 500 unique data points, creating a unified, auditable, and tamper-resistant source of truth designed to streamline operational workflows, improve risk modeling, and unlock new financial products.</p>
<div class="lb-trans"><p>每個代幣化的抵押貸款記錄包含超過 500 個獨特的數據點，創建一個統一、可審計且防篡改的真實來源，旨在簡化操作工作流程、改善風險建模並解鎖新的金融產品。</p>
</div><p>&#34;Pineapple has been a pioneer in modernizing the Canadian mortgage industry, reshaping a traditional and fragmented space into a technology-driven and data-powered ecosystem,&#34; said Shubha Dasgupta, CEO of Pineapple Financial. &#34;By bringing our loan book on-chain, we are not only improving transparency and increasing efficiency, we are laying the groundwork for entirely new financial products, from data marketplaces to mortgage-backed yield platforms. This is the future of mortgage finance, and Pineapple is proud to be leading that transformation.&#34;</p>
<div class="lb-trans"><p>&#34;Pineapple 一直是現代化加拿大抵押貸款行業的先鋒，將一個傳統且分散的領域重塑為一個以技術驅動和數據為基礎的生態系統，&#34; Pineapple Financial 的首席執行官 Shubha Dasgupta 説。&#34;通過將我們的貸款賬簿遷移到鏈上，我們不僅提高了透明度和效率，還為全新的金融產品奠定了基礎，從數據市場到抵押貸款收益平台。這是抵押貸款金融的未來，Pineapple 自豪地引領這一轉型。&#34;</p>
</div><p>&#34;Tokenizing Pineapple's mortgage portfolio on Injective represents one of the most significant real-world asset deployments ever conducted by a public company,&#34; said Cooper Emmons, Institutional Markets Advisor at Injective Labs. &#34;Pineapple is setting a new industry standard by moving real mortgage data on-chain at scale, and Injective is built to support this level of financial innovation. We are excited to partner with Pineapple as they bring new transparency, programmability, and accessibility to the mortgage market.&#34;</p>
<div class="lb-trans"><p>&#34;在 Injective 上代幣化 Pineapple 的抵押貸款組合代表了上市公司進行的最重要的現實資產部署之一，&#34; Injective Labs 的機構市場顧問 Cooper Emmons 説。&#34;Pineapple 正在通過大規模將真實抵押貸款數據遷移到鏈上設定新的行業標準，而 Injective 則旨在支持這種級別的金融創新。我們很高興能與 Pineapple 合作，為抵押貸款市場帶來新的透明度、可編程性和可及性。&#34;</p>
</div><p>Pineapple's tokenization platform is designed to solve long-standing operational challenges across mortgage finance, including fragmented data systems, manual audits, and outdated document tracking processes. By bringing structured loan-level data on-chain, Pineapple can support automated verification, real-time audit trails, and seamless data sharing for compliant institutional use.</p>
<div class="lb-trans"><p>Pineapple 的代幣化平台旨在解決抵押貸款金融中長期存在的操作挑戰，包括數據系統分散、手動審計和過時的文件跟蹤流程。通過將結構化的貸款級數據遷移到鏈上，Pineapple 可以支持自動驗證、實時審計跟蹤和無縫數據共享，以滿足合規的機構使用。</p>
</div><p>Built on this foundation, Pineapple is developing two new commercial products:</p>
<div class="lb-trans"><p>在此基礎上，Pineapple 正在開發兩個新的商業產品：</p>
</div><ul>
<li>Mortgage Data Marketplace, a permissioned platform designed to provide compliant access to anonymized loan-level data for institutions seeking improved benchmarking, risk analytics, and market intelligence.</li>
</ul>
<div class="lb-trans"><ul>
<li>抵押貸款數據市場，一個許可平台，旨在為尋求改善基準、風險分析和市場情報的機構提供合規的匿名貸款級數據訪問。</li>
</ul>
</div><ul>
<li>Pineapple Prime, a forthcoming product intended to provide on-chain access to mortgage-backed yield opportunities, expanding investor access to one of Canada's most stable real-world asset classes.</li>
</ul>
<div class="lb-trans"><ul>
<li>Pineapple Prime，一個即將推出的產品，旨在提供鏈上抵押貸款收益機會，擴大投資者對加拿大最穩定的現實資產類別之一的訪問。</li>
</ul>
</div><p>Pineapple has launched a dedicated tokenization landing page, featuring a real-time metrics tracker that updates automatically as new mortgage assets are minted on-chain. To learn more about the platform and see the future of mortgages in action, please visit https://pineappledigitalassets.com/.</p>
<div class="lb-trans"><p>Pineapple 已推出一個專門的代幣化着陸頁，配備實時指標跟蹤器，隨着新抵押貸款資產在鏈上鑄造而自動更新。要了解有關該平台的更多信息並查看抵押貸款的未來，請訪問 https://pineappledigitalassets.com/。</p>
</div><p><strong>About Pineapple Financial Inc.</strong></p>
<div class="lb-trans"><p><strong>關於 Pineapple Financial Inc.</strong></p>
</div><p>Pineapple Financial Inc. is an award-winning fintech and leading Canadian mortgage brokerage network, focusing on both the long-term success of agents and brokers as well as the overall experience of homeowners. With hundreds of brokers within the network, Pineapple creates cutting-edge cloud-based tools and AI-driven systems to enable its brokers to help Canadians realize their dream of owning a home. Pineapple is active within the community and is proud to sponsor charities across Canada to improve the lives of fellow Canadians.</p>
<div class="lb-trans"><p>Pineapple Financial Inc. 是一家屢獲殊榮的金融科技公司和領先的加拿大抵押貸款經紀網絡，專注於代理和經紀人的長期成功以及房主的整體體驗。Pineapple 在網絡中擁有數百名經紀人，創造尖端的基於雲的工具和 AI 驅動的系統，使其經紀人能夠幫助加拿大人實現擁有住房的夢想。Pineapple 積極參與社區，並自豪地贊助遍佈加拿大的慈善機構，以改善其他加拿大人的生活。</p>
</div><p>Safe Harbor Forward-Looking Statements</p>
<div class="lb-trans"><p>安全港前瞻性聲明</p>
</div><p>Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. They are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and economic needs. Investors can identify these forward-looking statements by words or phrases such as &#34;may,&#34; &#34;will,&#34; &#34;expect,&#34; &#34;anticipate,&#34; &#34;aim,&#34; &#34;estimate,&#34; &#34;intend,&#34; &#34;plan,&#34; &#34;believe,&#34; &#34;is/are likely to,&#34; &#34;potential,&#34; &#34;continue&#34; or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, fluctuations in the market price of INJ and any associated impairment charges that we may incur as a result of a decrease in the market price of INJ below the value at which INJ is carried on our balance sheet; changes in the accounting treatment relating to our INJ holdings; the Company's financial condition, customer acceptance of our INJ treasury strategy, and other factors discussed in the &#34;Risk Factors&#34; section of the registration statements, and periodic reports filed with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results. It encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.</p>
<div class="lb-trans"><p>本公告中的某些聲明為前瞻性聲明。這些前瞻性聲明涉及已知和未知的風險和不確定性。它們基於公司當前對未來事件的預期和預測，公司認為這些事件可能會影響其財務狀況、經營成果、商業戰略和經濟需求。投資者可以通過諸如 “可能”、“將”、“期望”、“預期”、“旨在”、“估計”、“打算”、“計劃”、“相信”、“可能”、“潛在”、“繼續” 或其他類似表達來識別這些前瞻性聲明。公司沒有義務公開更新或修訂任何前瞻性聲明，以反映後續發生的事件或情況或在本公告日期之後出現的預期變化，法律另有要求的除外。這些聲明受到不確定性和風險的影響，包括但不限於與市場狀況相關的不確定性、INJ 市場價格的波動以及由於 INJ 市場價格低於其在我們資產負債表上所載價值而可能產生的任何相關減值費用；與我們 INJ 持有相關的會計處理變化；公司的財務狀況、客户對我們 INJ 財務策略的接受程度，以及在註冊聲明和向 SEC 提交的定期報告的 “風險因素” 部分中討論的其他因素。儘管公司相信這些前瞻性聲明中表達的預期是合理的，但無法保證這些預期是正確的。公司提醒投資者，實際結果可能與預期結果存在重大差異。公司鼓勵投資者查看可能影響其未來結果的其他因素，這些因素在公司的註冊聲明和其他向 SEC 提交的文件中進行了説明。其他因素在公司向 SEC 提交的文件中進行了討論，供在 www.sec.gov 上查閲。</p>
</div><p><strong>Media Contact:</strong></p>
<div class="lb-trans"><p><strong>媒體聯繫人：</strong></p>
</div><p>KCSA Strategic Communications</p>
<div class="lb-trans"><p>KCSA 戰略傳播</p>
</div><p>Kristin Cwalinski</p>
<div class="lb-trans"><p>Kristin Cwalinski</p>
</div><p>pineapple@kcsa.com</p>
<div class="lb-trans"><p>pineapple@kcsa.com</p>
</div><p><strong>Investor Relations:</strong></p>
<div class="lb-trans"><p><strong>投資者關係：</strong></p>
</div><p>KCSA Strategic Communications</p>
<div class="lb-trans"><p>KCSA 戰略傳播</p>
</div><p>Jack Perkins</p>
<div class="lb-trans"><p>Jack Perkins</p>
</div><p>pineapple@kcsa.com</p>
<div class="lb-trans"><p>pineapple@kcsa.com</p>
</div><p><strong>Follow us on social media:</strong></p>
<div class="lb-trans"><p><strong>關注我們的社交媒體：</strong></p>
</div><p>Instagram: @pineapplemortgage @empoweredbypineapple</p>
<div class="lb-trans"><p>Instagram: @pineapplemortgage @empoweredbypineapple</p>
</div><p>Facebook: Pineapple Mortgage</p>
<div class="lb-trans"><p>Facebook: Pineapple Mortgage</p>
</div><p>LinkedIn: Pineapple Mortgage</p>
<div class="lb-trans"><p>LinkedIn: Pineapple Mortgage</p>
</div><p>X (Formerly Twitter): @PAPLpineapple</p>
<div class="lb-trans"><p>X（前身為 Twitter）：@PAPLpineapple</p>
</div><p>To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277544</p>
<div class="lb-trans"><p>要查看本新聞稿的源版本，請訪問 https://www.newsfilecorp.com/release/277544</p>
</div>

Pineapple Financial 推出了一個抵押貸款代幣化平台，用於其 137 億美元的投資組合，將真實的抵押貸款數據引入區塊鏈