SMARTKEM ANNOUNCES JOINT DEVELOPMENT AGREEMENT WITH TIANMA

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About Tianma Microelectronics Co., Ltd.

Tianma Microelectronics Co., Ltd. (Tianma) specializes in providing display solutions and associated support services worldwide. Tianma has experience in the display market for four decades.

Tianma has developed and possesses advanced technologies such as TN/STN, TFT-LCD, AMOLED, flexible displays, foldable displays, Mini/MicroLED, touch integration, HTD, CFOT, CUP, under screen fingerprint recognition, and intelligent sensors. The company has established advanced a-Si TFT-LCD, LTPS TFT-LCD, and AMOLED production lines in Shenzhen, Shanghai, Chengdu, Wuhan, Xiamen, Wuhu, and Akita, Japan.

Tianma supports a wide range of applications, e.g. displays for smart mobile terminals and vehicles, IT displays, professional displays, and non display. The company is committed to continuous innovation and better serving the differentiated needs of customers and applications.

Forward-Looking Statements

All statements in this press release that are not historical are forward-looking statements, including, among other things, statements relating to the Smartkem's expectations regarding its market position and market opportunity, expectations and plans as to its product development, manufacturing and sales, and relations with its partners and investors. These statements are not historical facts but rather are based on Smartkem Inc.'s current expectations, estimates, and projections regarding its business, operations and other similar or related factors. Words such as "may," will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expect," "intend," "plan," "project," "believe," "estimate," and other similar or elated expressions are used to identify these forward-looking statements, although not all forward-looking statements contain these words. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the Company's control. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available.

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