Ms. Yona Shtern reports

HAPBEE TECHNOLOGIES TEAMS UP WITH LIBERTY ALLIANCE TO DELIVER WEARABLE SLEEP AND PERFORMANCE TECHNOLOGY TO THE DEFENSE SECTOR; UPDATES STATUS OF AUDITED FINANCIAL STATEMENTS

Hapbee Technologies Inc. has teamed up with Liberty Alliance, a veteran-owned business (SDVOSB) specializing in defence innovation and mission support. This collaboration aims to introduce Hapbee's proprietary ultralow frequency wearable devices to military personnel, special operations forces and veteran communities worldwide.

Liberty Alliance specializes in rapidly prototyping and integrating commercial technologies to address user-defined capability gaps through structured innovation cycles. With a deep understanding of the U.S. defence industry, Liberty Alliance offers strategic advice to both domestic and international clients, supporting compliance, navigation of foreign military sales, and facilitation of collaborative relationships between nations with leading-edge defence solutions.

Hapbee's wearable devices utilize patented ultralow radio frequency energy (ulRFE) technology to help users achieve desired mental states such as relaxation, focus and sleep without the use of substances. These devices have been instrumental in supporting veterans through partnerships with organizations like Grey Team and Healing Our Heroes, founded by Dr. Kyle Bergquist.

Yona Shtern, chief executive officer of Hapbee, stated: "This teaming with Liberty Alliance marks a significant step in our mission to support those who serve. By leveraging Liberty's extensive network within the defence sector, we aim to provide our wellness technology to active-duty personnel and veterans on a global basis, enhancing their performance and well-being."

Jonathan Shaffner, chief strategy officer at Liberty Alliance, commented: "Integrating Hapbee's innovative technology into our offerings aligns with our commitment to delivering cutting-edge solutions to our clients. We believe this collaboration will have a profound impact on the health and performance of military personnel and veterans alike."

The collaboration will focus on deploying Hapbee devices to special operations units, facilitating access through Liberty Alliance's established defence channels. Additionally, both organizations will work together to expand outreach to veteran support groups, ensuring that those transitioning to civilian life have access to tools that promote mental health and resilience.

The company announces that the filing of its annual audited financial statements and MD&A (management's discussion and analysis) for the year ended Dec. 31, 2024, required pursuant to parts 4 and 5 of National Instrument 51-102, Continuous Disclosure Obligations, remains delayed. As disclosed in the company's news release dated April 18, 2025, the delay resulted from the company's new auditor, Morton Garellek, chartered professional accountant, being unable to obtain files and documentation relating to the company from its former auditor, Olayinka Oyebola & Co., chartered accountants.

The company is currently working closely with its auditor to finalize the financial statements. The auditor has received all requested information and process walkthroughs have been completed. The company still expects that the financial statements will be completed and filed on or before June 30, 2025.

In connection with the delay, the company made an application for a management cease trade order (MCTO) under National Policy 12-203, Management Cease Trade Orders, to the British Columbia Securities Commission, as principal regulator for the company. The MCTO was issued on May 1, 2025. The MCTO restricts all trading by the company's CEO and chief financial officer in securities of the company, whether direct or indirect. The issuance of the MCTO will not affect the ability of persons who are not directors, officers or insiders of the company to trade their securities.

Both the company and the auditor continue to work diligently toward the completion and filing of the company's financial statements and CEO and CFO certifications for the year ended Dec. 31, 2024. The MCTO will remain in effect until two business days after the required filings are filed or until it is revoked or varied.

The company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing biweekly default status reports in the form of a news release for so long as it remains in default of the requirement to make the required filings. The company has not taken any steps toward any insolvency proceeding and the company has no material information relating to its affairs that has not been generally disclosed.

About Hapbee Technologies Inc.

Hapbee is a wearable wellness technology company that helps people enhance how they feel. Powered by patented ulRFE technology, Hapbee's devices deliver signals designed to produce sensations such as happy, alert, focused, relaxed and others. The company is committed to improving lives through safe, non-invasive wellness solutions.

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