Trusted Brand 2016 Inc. announced that it has entered into a definitive share purchase agreement subject to the usual conditions with 1421526 Alberta Ltd. (1421526), Lui Holdings Corporation (Lui Holdings) and 991799 Alberta Ltd. (991799), all private Alberta corporations, dated June 19, 2020. The board of directors of Trusted Brand currently consists of Ted Geier, Karen Stewart, Perla Woo and Robert Libin. It is intended that the board of directors of the Corporation following completion of the Transaction will be Ben Lui, Evan Chan, Bill Smith, Mark Wilbert and Jason Theiss. Ben Lui is the sole director and officer of 1421526 and a 90% shareholder, indirectly, of 1421526. Corporation’s proposed directors and key officers are as follows: Ben Lui – President, Chief Executive Officer and Director - Mr. Lui graduated from the University of Toronto with a Bachelor of Science degree majoring in Computer Science and Commerce. Mr. Lui has since gained diverse professional experience in Information Systems and Business Management consulting, as well as business owner and operator in property management, manufacturing, import and distribution, media publication and hospitality industries. Evan Chan – Chief Financial Officer, Corporate Secretary and Director - Mr. Chan attained his CPA, CA in 1982 and CISA (Certified Information Systems Auditor) in 1989. He was admitted to Partnership at Gardiner Karbani Audy & Partners CAs in 1986 (now BDO LLP). Bill Smith – Director - Mr. Smith was previously the Chairman and Senior VP of BioNeutra Global Corporation, a publicly trading company listed on the TSX Venture Exchange, and Director and Senior VP of BioNeutra North America Inc., a private Alberta corporation. Mr. Smith continues to be employed as an advisor to the President and CEO of BioNeutra Global Corporation. Mark Wilbert – Director - Mr. Mark Wilbert is a Partner at Coldwell Banker Venture Realty and has over 10 years of experience in both Commercial and Residential transactions focusing on investment properties from distressed assets to apartment buildings. He has received many accolades in the real estate market. Jason Theiss – Director - Mr. Theiss is a Chartered Professional Accountant who has over 12 years post designation accounting experience in managing finance and accounting personnel. Since June 2007, Mr. Theiss has been the Chief Financial Officer of Bri-Chem Corp.