Mr. Robert Smith reports
TUT FITNESS UPDATES STATUS OF
FILING ANNUAL FINANCIAL STATEMENTS
Further to the news releases issued on Jan. 30, 2024, and Feb. 13, 2024, TUT Fitness Group Inc.'s principal regulator, the B.C. Securities Commission, granted a management cease trade order on Jan. 30, 2024, under National Policy 12-203 (Management Cease Trade Orders).
Pursuant to the MCTO, the chief executive officer and the chief financial officer may not trade in securities of the company until such time as the company files its annual audited financial statements for the year ended Sept. 30, 2023, management's discussion and analysis, and related certifications, and the commission revokes the MCTO. The MCTO does not affect the ability of shareholders to trade their securities.
The company's board of directors and management confirm that they are continually working expeditiously to file the required documents and confirm that since the company's press release dated Feb. 13, 2024, there is no other material information respecting the company's affairs that has not been generally disclosed.
Until the required documents have been filed, the company intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing biweekly default status reports in the form of further press releases for so long as the company remains in default of the financial statement filing requirement.
We seek Safe Harbor.
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