Mr. Stephen Brown reports

CANCELLATION OF SHARES FOR DEBT

FTI Foodtech International Inc., further to its news release dated Feb. 26, 2025, has negotiated the full and complete waiver of all outstanding debt owed to certain creditors of the company, in the total amount of $497,500. The company has entered debt waivers and releases with all the creditors. Accordingly, the company will not proceed with the shares-for-debt transaction.

About FTI Foodtech International Inc.

The company is focused on developing an innovative retail and barter e-commerce platform for products that address challenges and promote sustainability within the cosmetic, skincare, wellness, health and industrial product industries.