LQwD Announces Annual General Meeting Voting Results

VANCOUVER, BC, Aug. 25, 2022 /CNW/ - LQwD Fintech Corp. (TSXV: LQWD) (OTC: LQWDF) is pleased to announce the results from its 2022 annual general meeting of shareholders (the "Meeting") held on August 24, 2022. Shareholders voted as follows on the matters before the Meeting.

Election of Directors

All four (4) of the nominees listed in LQwD's management information circular dated July 27, 2022, that were proposed by management for election to the board of directors at the Meeting were duly elected. The directors will remain in office until the next annual meeting of the Company's shareholders or until their successors are elected or appointed.  

The results of the vote on the election of the directors at the Meeting are as follows:

Nominee	For	% For	Withheld	% Withheld
Shone Anstey	11,733,717	99.76	27,854	0.24
Giuseppe (Pino) Perone	11,733,709	99.76	27,862	0.24
Kim Evans	11,740,189	99.82	21,382	0.18
Ashley Garnot	11,724,649	99.69	36,922	0.31

Appointment of Auditors

Shareholders appointed Kingston Ross Pasnak LLP as auditor of the Company for the upcoming year and authorized the directors of the Company to fix the remuneration of the auditor.

Approval of Stock Option Plan

The Company's incentive stock option plan, and amendments thereto, were approved by shareholders with 99.78% of shares represented at the Meeting voting in favour.

About LQwD

LQwD is a Lightning Network Service Provider (LSP) focused on developing payment infrastructure and solutions accelerating the global mega trend of Bitcoin adoption through the Lightning Network. The Company's mission is to develop institutional grade services that support the Lightning Network and drive improved functionality, transaction capability, user adoption and utility and scaling Bitcoin. LQwD also holds Bitcoin that is used as an operating asset establishing nodes and payment channels on the Lightning Network.

Forward-Looking Statements 

This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the Company's industry. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE LQwD FinTech Corp.

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