LIQTECH INTERNATIONAL INC

The Board adopted a Code of Conduct and Ethics, as amended and restated, with the purpose of assuring that all directors, employees and officers (including our principal executive officer, principal financial officer and principal accounting officer) of the Company and its subsidiaries understand and adhere to high ethical standards of conduct. The Code of Conduct and Ethics emphasizes employees’ obligations of civic responsibility, loyalty to the Company, compliance with applicable laws, non-disclosure of trade secrets, and abstinence from improper political payments and activity. A copy of the Code of Conduct and Ethics is available on the Company website athttps://liqtech.com/media/rbbfrxbe/liqt-code-of-conduct-and-ethics.pdf. We intend to make any disclosures regarding amendments to, or waivers from, the Code of Conduct and Ethics required under Form 8-K by posting such information on our website.