LQWD Announces Update to Share Buyback Program

Executive Summary

• LQWD Technologies Corp. clarified that its previously announced NCIB will now commence on March 13, 2026 and run until March 12, 2027 (or earlier if the share purchase limit is reached).
• The program permits repurchasing up to ~2.605 million common shares, roughly 10% of the public float, at prevailing market prices through Haywood Securities Inc.
• LQWD views the NCIB as an attractive use of cash to potentially enhance long‑term shareholder value by offsetting any market price discount to intrinsic value.

Key Details

• NCIB Timing: Starts March 13, 2026; ends March 12, 2027 (or earlier upon reaching share limit).
• Share Limit: Up to 2,605,548 common shares may be purchased – about 10% of the public float.
• Current Shares Outstanding: 31,863,408 common shares issued and outstanding.
• Execution Agent: Haywood Securities Inc. appointed to conduct purchases on behalf of LQWD.
• Purchase Mechanics: Purchases will be made at prevailing market price; number of shares and timing are at the Company’s discretion.
• Termination Right: LQWD may terminate the NCIB at any time, at its sole discretion.
• Rationale: Management believes the market price may not fully reflect underlying business value; repurchasing shares for cancellation is seen as a means to enhance shareholder value.

Notable Quotes

“LQWD believes that, from time to time, the market price of its common shares may not fully reflect the underlying value of the Company's business…repurchase of its common shares … may represent an attractive use of funds and a means of enhancing long‑term shareholder value.” – Ashley Garnot, President/Director

Materiality Assessment: Material – Positive (the NCIB represents a significant capital allocation decision that could positively affect share price and shareholder value).