Cielo Issues Statement Addressing Misleading Press Release from Expander

Core Viewpoint - Cielo Waste Solutions Corp. asserts that Expander Energy Inc.'s recent press release contains material misstatements and is misleading, which could harm Cielo and its shareholders [1][2][7]. Group 1: Misstatements and Intentions - Cielo believes that Expander's press release aims to create distrust in Cielo's board and management, potentially causing irreparable harm [2][7]. - The company questions Expander's motives, suggesting that the request for shareholder approval to become a "Control Person" is unusual and indicative of Expander's intentions [8]. Group 2: Response and Engagement - Cielo invites all shareholders, including Expander, to engage in constructive dialogue for the betterment of the company and its stakeholders [3]. - The company is taking necessary steps to protect itself and its shareholders in light of the situation [7]. Group 3: Financial Statements and Requisition - Expander raised issues regarding Cielo's October 31, 2023 financial statements for the first time in its press release, despite these statements being available since December 15, 2023 [8]. - Cielo has disclosed that Expander submitted a requisition to seek shareholder approval for control, which the company views as a significant concern [8]. Group 4: Corporate Update - A corporate update webinar with Cielo's CEO and CFO has been rescheduled, with a new date to be announced later [9]. Group 5: Company Overview - Cielo Waste Solutions focuses on transforming waste materials into renewable fuels, aiming to address global waste challenges and contribute to the circular economy [10].