An anonymous representative of Wave Force Electronics reports

WAVE FORCE ELECTRONICS INC. FILES EARLY WARNING REPORT

Wave Force Electronics Inc. has filed an early warning report dated Dec. 9, 2024, advising of their holdings in Frequency Exchange Corp.

Wave Force acquired ownership of 667,000 common shares in the capital of Frequency and 667,000 share purchase warrants at a price of 15 cents per unit for an aggregate consideration of $100,000.

Following the acquisition, Wave Force owns 17,281,285 common shares, representing approximately 36.50 per cent of the issued and outstanding common shares on a non-diluted basis. Assuming the exercise of 667,000 warrants, Wave Force would have ownership and control over 17,948,285 common shares of Frequency, representing approximately 37.39 per cent of the issued and outstanding Frequency common shares.

Wave Force is encouraged by the activity and advancements that Frequency Exchange has made over the last year, and, for this reason, Wave Force continues to acquire shares and will continue to develop technology in support of Fremedica in its efforts to support and build markets for the Nikki wellness technology, which delivers frequency-enhanced wellness programs to the wellness markets around the world.

The acquisition was for investment purposes and Wave Force may increase or decrease its beneficial ownership or control depending on market or other conditions.

This news release is being issued in accordance with National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, in connection with the filing of an early warning report dated Dec. 9, 2024. The early warning report in respect of the acquisition has been filed on SEDAR+.