HS GOVTECH ANNOUNCES EXECUTION OF ARRANGEMENT AGREEMENT

All Cash Transaction Values the Company at approximately $33.3 million

VANCOUVER, BC, Sept. 18, 2023 /CNW/ - HS GovTech Solutions Inc. ("HS GovTech", or the "Company") (CNSX:HS.CN) (Frankfurt: 38H) (OTC:HDSLF), a leading provider of SaaS applications for government, is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with a British Columbia subsidiary of a US private equity fund operated by Banneker Partners LLC (the  "Purchaser"), pursuant to which the Purchaser will acquire all of the issued and outstanding common shares of the Company (the "Shares"), on a fully diluted basis, for an all-cash consideration of $0.54 per Share (the "Transaction").