Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in the announcement dated 31 May 2021 in relation to the Notice of Requisition for an Extraordinary General Meeting of the Company to Move Resolutions requiring Special Notice pursuant to Sections 206(3) and 322 of the Companies Act 2016 (“Notice of Requisition dated 31 May 2021”)(“Announcement”)

Further to the Announcement, the Company wishes to announce after being advised by solicitors that the Notice of Requisition dated 31 May 2021 is invalid pursuant to Section 311(5)(a) of the Companies Act 2016 as it would contravene Section 311(3)(a) of the Companies Act 2016.

According to Section 311(3)(a) of the Companies Act 2016, any requisition for a meeting of members would have to be from more than one member and that pursuant to Section 311(5) of the Companies Act 2016, a resolution may properly be moved at a meeting unless the resolution:-

(a)     if passed, would be ineffective by reason of inconsistency with any written law or the Constitution;

(b)     is defamatory of any persons;

(c)     is frivolous or vexatious; or

(d)     if passed, would not be in the best interest of the company.

This announcement is dated 02 June 2021.