Boustead Wavefront ^{Withdrawn, Nasdaq: BOUW}

Boustead Wavefront Inc. (the “Company”) is a Singapore-based firm that currently provides market entry and product development advisory services. In addition, prior to this offering the Company held a portfolio of direct strategic investments in pre-IPO offerings of companies where its affiliate Boustead Securities, LLC (“Boustead Securities”) had been engaged as the firm commitment underwriter, which we refer to as its “Investment Portfolio”. As part of this offering process, Boustead Wavefront Pte Ltd., a wholly owned subsidiary of the Company and our operating subsidiary (“BW”), has sold the Investment Portfolio pursuant to an agreement (the “Portfolio Sale Agreement”) prior to the consummation of this offering, which we refer to collectively as the “Portfolio Sale.” See “Portfolio Sale Agreement” below for more information regarding the Portfolio Sale Agreement and the sale of the Company’s Investment Portfolio as part of this offering. The Company expects to subsequently work with Asia-based, high-growth companies in two additional areas of focus: corporate finance advisory targeting high-intellectual property content companies and IPO origination and execution for Nasdaq and NYSE listings.