Company: AVCRF
Filing Date: 2025-06-16
Form Type: 20-F
Source: 0001641172-25-015266
Chunk: 5

Company: Avricore Health Inc.
Filing Date: 2025-06-16
Form: 20-F
Item: Item 3
Chunk 5
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Management
of the Company can, through their stock ownership in the Company, influence all matters requiring approval by the Company’s shareholders.

Management
of the Company at the time of this report, collectively own approximately 10% of the Company’s issued and outstanding common shares
at that date. These shareholders, if acting together, could significantly influence all matters requiring approval by the Company’s
shareholders, including the election of directors and the approval of mergers or other business combination transactions. Management
may not make decisions that will maximize shareholder value and may make decisions that will contribute to or cause the entrenchment
of management.

The
value and transferability of the Company shares may be adversely impacted by the limited trading market for the Company’s common
shares.

The
Company’s common shares are currently quoted on the TSX Venture Exchange under the symbol “ AVCR” and on the OTCQB under
the symbol “ AVCRF”. No assurance can be given that a market for the Company’s common shares will be quoted on an exchange
in the U. S. or on the Over the Counter Bulletin Board. The Company’s common shares may be subject to illiquidity and investors
may not be able to sell their shares in a timely manner.

The
value and transferability of the Company shares may be adversely impacted by the penny stock rules.

The
sale or transfer of the Company common shares by shareholders in the United States may be subject to the so-called “penny stock
rules.” Under Rule 15g-9 of the Exchange Act, a broker or dealer may not sell a “penny stock” (as defined in Rule 3a51-1)
or effect the purchase of a penny stock by any person unless:

  (a)      Such                                         

   7  

  (b)      Prior                                                                                          
  (c)      The                                                                                            

The
SEC adopted regulations generally define a penny stock to be any equity security other than a security excluded from such definition
by Rule 3a51-1. Such exemptions include, but are not limited to (1) an equity security issued by an issuer that has (i) net tangible
assets of at least $2,000,000, if such issuer has been in continuous operations for at least three years, (ii) net tangible assets of
at least $5,000,000, if such issuer has been in continuous operation for less than three years, or (iii) average revenue of at least
$6