JADE ART GROUP, INC RESCINDS LOI to ACQUIRE MOTHER’S TOUCH FORMULA

Birmingham, AL.,July 6, 2022Jade Art Group, Inc.(JADA or the Company) (OTC: JADA) announced today it has rescinded its Letter of Intent to acquire Mothers Touch Formula, a Texas-based producer of baby formula (Mothers Touch), citing disagreements regarding the valuation of Mothers Touch.

Wayne Sellers, CEO of the Company said, We are disappointed with todays announcement but not deterred. We will remain focused and continue to execute on our business plan.

Jade Art Group, Inc. is a Birmingham Alabama-based food, technology, safety, agriculture, and energy company.

Forward-looking statements

Certain statements contained in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions, or developments that the Company expects or anticipates may occur in the future. In some cases, forward-looking statements can be identified because they contain words such as anticipate, believe, continue, could, estimate, expect, intend, likely, may, might, plan, potential, predict, project, seek, should, target, will, would, or similar expressions and the negatives of those terms. Such forward-looking statements involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, breaches of security or privacy of member or business information, conditions affecting the acquisition, development, ownership or use of real estate, capital spending, actions of vendors, rising costs associated with employees (generally including health-care costs), energy and certain commodities, geopolitical conditions (including tariffs), the ability to maintain effective internal control over financial reporting, COVID-19 related factors and challenges, including (among others) the duration of the pandemic, the unknown long-term economic impact, reduced shopping due to illness, travel restrictions or financial hardship, shifts in demand away from discretionary or higher-priced products, reduced workforces due to illness, quarantine, or government mandates, temporary store closures due to reduced workforces or government mandates, or supply-chain disruptions, capacity constraints of third-party logistics suppliers, and other risks identified from time to time in the Companys public statements and reports filed with theSecurities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company does not undertake to update these statements, except as required by law.

Contacts: Jade Art Group, Inc.

Wayne Sellers, 1 (855) 838-2324

Source: Jade Art Group, Inc.