Announcement PDF Energy Technologies Limited (ASX:EGY) ACN 002 679 469 Notice of Extraordinary General Meeting and Explanatory Notes Date of meeting: Monday, 3 August 2026 Time of meeting: 10.00am (AEST) Place of meeting: Unit J, 134-140 Old Pittwater Road, Brookvale NSW 2100 and online Shareholders will be given the opportunity to attend the Meeting either in person or virtually via Zoom. If you are a Shareholder who wishes to attend and participate in the Meeting via Zoom please register in advance as per the instructions outlined in this Notice of Meeting. Shareholders are strongly encouraged to lodge their completed proxy forms in accordance with the instructions in this Notice of Meeting. THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. IF YOU ARE IN ANY DOUBT ABOUT THE ACTION YOU SHOULD TAKE PLEASE CONSULT YOUR STOCKBROKER, SOLICITOR, ACCOUNTANT OR OTHER PROFESSIONAL ADVISER. TO BE VALID, FORMS OF PROXY FOR USE AT THE EXTRAORDINARY GENERAL MEETING MUST BE COMPLETED AND RETURNED TO THE COMPANY NO LATER THAN 10.00AM (SYDNEY TIME) ON SATURDAY, 1 AUGUST 2026 page 2 Energy Technologies Limited ACN 002 679 469 Notice of Extraordinary General Meeting Notice is hereby given that an Extraordinary General Meeting of the members of Energy Technologies Limited (the Company) is to be held at Unit J, 134-140 Old Pittwater Road, Brookvale NSW 2100 on Monday, 3 August 2026 at 10.00am (Sydney time). The Company is also providing shareholders with an opportunity to participate in the Meeting virtually via Zoom at the link set out below: https://us06web.zoom.us/j/81596054894?pwd=Nu9WLR68BBF3Bq0uL2iyFNUTdb1bYq.1 Meeting ID: 815 9605 4894 Passcode: 794650 When: 10.00am (Sydney time) on Monday, 3 August 2026 All resolutions will be conducted by way of a poll. Shareholders are strongly encouraged to submit their proxies as early as possible and in any event prior to the cut-off for proxy voting as set out in this Notice. To lodge your proxy, please follow the directions on your proxy form which will be delivered to you by email or post (depending on your communication preferences). Shareholders attending the Meeting virtually will be able to ask questions and cast their votes on the proposed resolution at the Meeting. Shareholders who intend to join the Meeting via Zoom are asked to dial-in 30 minutes prior to the start of the Meeting to allow the Company to take your details. The Company welcomes any questions submitted prior to the Meeting by email to Greg.Knoke@energytechnologies.com.au. Where a written question is raised in respect of the resolutions to be considered at the Meeting, the Company will address the relevant question during the course of the Meeting or by written response after the Meeting (subject to the discretion of the Company it will not respond to unreasonable and/or offensive questions). Shareholders should monitor EGY’s website or the ASX's EGY page for any updates about the Meeting. If it becomes necessary or appropriate to make alternative arrangements for the holding or conducting of the Meeting, the Company will make further information available via the ASX as required and through its website at https://www.energytechnologies.com.au. page 3 ENERGY TECHNOLOGIES LIMITED ACN 002 679 469 The attached Explanatory Notes are provided to supply Shareholders with information to allow them to make an informed decision regarding the Resolutions set out in this Notice of Meeting. The Explanatory Notes are to be read in conjunction with this Notice. This Notice should be read in its entirety. If Shareholders are in doubt as to how they should vote, they should seek advice from their accountant, solicitor or other professional adviser prior to voting. BUSINESS OF THE MEETING ORDINARY BUSINESS 1. Resolution 1 - Ratification of prior issue of Placement Shares To consider and if thought fit to pass (with or without amendment) the following resolution as an ordinary resolution: “That for the purposes of ASX Listing Rule 7.4, and for all other purposes, the issue of an aggregate of 124,746,500 fully paid ordinary Shares in the Company to sophisticated and professional investors at an issue price of $0.02 (2 cents) per Share, which issues occurred on 14 May 2026, 2 June 2026 and 29 June 2026, is ratified.” Further details in respect of Resolution 1 are set out in the Explanatory Notes accompanying this Notice of Extraordinary General Meeting. 2. Resolution 2 - Election of Director – Doron Eldar To consider and if thought fit to pass (with or without amendment) the following resolution as an ordinary resolution: “That for the purpose of ASX Listing Rule 14.4, Article 10.04 of the Company's Constitution and for all other purposes, Mr Doron Eldar, who holds office until the conclusion of the next annual general meeting in accordance with Article 10.04 of the Company's Constitution, and being eligible, offers himself for election as a Director of the Company.” Further details in respect of Resolution 2 are set out in the Explanatory Notes accompanying this Notice of Extraordinary General Meeting. 3. Resolution 3 – Approval of Equity Incentive Plan To consider and if thought fit to pass (with or without amendment) the following resolution as an ordinary resolution: “That, for the purposes of ASX Listing Rule 7.2 Exception 13(b), sections 200B, 200E and 259B(2) of the Corporations Act and for all other purposes, shareholders approve the Company's Equity Incentive Plan." Further details in respect of Resolution 3 are set out in the Explanatory Notes accompanying this Notice of Extraordinary General Meeting. SPECIAL BUSINESS 4. Resolution 4 - Adoption of New Constitution To consider and if thought fit to pass (with or without amendment) the following resolution as a special resolution: “That, pursuant to section 136(2) of the Corporations Act 2001 (Cth) and for all other purposes, the Existing Constitution of the Company be repealed in its entirety and the New Constitution as described in the Explanatory Notes is adopted, with effect from the conclusion of this Meeting.” Further details in respect of Resolution 4 are set out in the Explanatory Notes accompanying this Notice of Extraordinary General Meeting. By order of the Board and Directors of the Company page 4 Notes: Entitlement to Vote For the purposes of section 1074E(2)(g)(i) of the Corporations Act and the Corporations Regulation 7.11.37, the Board has determined that in relation to the Extraordinary General Meeting being convened by this Notice shares will be taken to be held by the persons who are registered holders at 7.00 pm (Sydney time) on Saturday, 1 August 2026. Accordingly Share transfers registered after that date will be disregarded in determining entitlements to attend and vote at the Meeting. Voting at the meeting You may vote by participating in the Meeting (via Zoom or in person) or by appointing an attorney or corporate representative to participate in the Meeting and vote for you. Alternatively, Shareholders who are entitled to vote at the Meeting may vote by appointing a proxy to participate and vote on their behalf, using the Proxy Form accompanying this notice or by appointing a proxy online. Voting in person virtually Shareholders wishing to vote via Zoom, or their attorneys or in the case of a Shareholder or proxy which is a corporation, corporate representatives, must log in online to participate in the Meeting to be held at 10.00am (Sydney time) on Monday, 3 August 2026 by going to site at the following link: https://us06web.zoom.us/j/81596054894?pwd=Nu9WLR68BBF3Bq0uL2iyFNUTdb1bYq.1 Meeting ID: 815 9605 4894 Passcode: 794650 Shareholders, their attorneys (or in the case of Shareholders or proxies which are corporations, corporate representatives), who plan to participate in the Meeting via Zoom should log in online 30 minutes prior to the time designated for the commencement of the Meeting, if possible, to register. Voting by attorney If you wish to appoint an attorney to vote at the Meeting, the original or a certified copy of the power of attorney under which the attorney has been appointed must be received by the Company Secretary no later than 10.00am (Sydney time) on Saturday, 1 August 2026 (or if the Meeting is adjourned or postponed, no later than 48 hours before the resumption of the Meeting in relation to the resumed part of the Meeting). Any power of attorney granted by a Shareholder will, as between the Company and that Shareholder, continue in force and may be acted on, unless express notice in writing of its revocation or the death of the relevant Shareholder is lodged with the Company. Your appointment of an attorney does not preclude you from logging in online or attending in person, and participating and voting at the Meeting. The appointment of your attorney is not revoked merely by your participation and taking part in the Meeting, but if you vote on a resolution, the attorney is not entitled to vote, and must not vote, as your attorney on that resolution. Voting by proxy Shareholders wishing to appoint a proxy to vote on their behalf at the Meeting must either complete and sign or validly authenticate the personalised Proxy Form which accompanies this Notice of Meeting. A person appointed as a proxy may be an individual or a body corporate. Completed Proxy Forms must be delivered to the Company Secretary by 10.00am (Sydney time) on Saturday, 1 August 2026 in any of the following ways: By mail to: The Company Secretary Unit J, 134-140 Old Pittwater Road, Brookvale NSW 2100 by email to: greg.knoke@energytechnologies.com.au A proxy need not be a Shareholder. If you appoint a proxy and subsequently wish to attend the meeting yourself, the proxy will retain your vote and you will be unable to vote yourself unless you notify the Company Secretary of the revocation of your proxy appointment before the commencement of the Meeting. You may notify the Company Secretary by calling (02) 8978 2600. If a proxy appointment is signed by a Shareholder but does not name the proxy or proxies in whose favour it is given, the Chairman will act as proxy. You are entitled to appoint up to two proxies to participate in the meeting and vote on a poll. If you appoint two proxies you must specify the percentage of votes or number of securities for each proxy, otherwise each proxy may exercise half of the votes. When appointing a second proxy you must specify the names of each proxy and page 5 the percentage of votes or number of securities for each proxy on the Proxy Form. Replacement Proxy Forms can also be obtained from the Share Registry or the Company Secretary. If you hold Shares jointly with one or more other persons, in order for your proxy appointment to be valid, each of you must sign the Proxy Form. Corporate Representation If your holding is registered in a company name and you would like to attend the meeting in person (and do not intend to return a proxy form), please bring with you to the meeting a duly completed Appointment of Corporate Representative Form to enable you to attend and vote at the Extraordinary General Meeting. Alternatively, if you intend to attend the meeting via Zoom, please ensure the completed Appointment of Corporate Representative Form is delivered to the Company Secretary by 10.00am (Sydney time) on Saturday, 1 August 2026 as follows: By mail to: The Company Secretary Unit J, 134-140 Old Pittwater Road, Brookvale NSW 2100 The appointment of a representative may set out restrictions on the representative's powers. The appointment must comply with section 250D of the Corporations Act. The original Appointment of Corporate Representative Form, a certified copy of the form, or a certificate of the body corporate evidencing the appointment of a representative is prima facie evidence of a representative having been appointed. Undirected Proxies If a Shareholder nominates the Chairman of the Meeting as that Shareholder's proxy, the person acting as Chairman of the Meeting must act as proxy under the appointment in respect of any or all items of business to be considered at the Meeting. If a proxy appointment is signed or validly authenticated by that Shareholder but does not name the proxy or proxies in whose favour it is given, the Chairman of the Meeting will act as proxy in respect of any or all items of business to be considered at the Meeting. Proxy appointments in favour of the Chairman of the Meeting, the Company Secretary or any Director which do not contain a direction as to how to vote will be voted in favour of the resolution at the Meeting. The Chairman intends to vote undirected proxies of which the Chairman is appointed as proxy in favour of the resolutions. Questions and comments by Shareholders at the Meeting In order to provide an equal opportunity for all Shareholders to ask questions of the Board, we ask you to submit in writing any questions to the Company. Please send your questions via email to: Greg Knoke Company Secretary Energy Technologies Limited Greg.Knoke@energytechnologies.com.au Your questions should relate to matters that are relevant to the business of the Extraordinary General Meeting, as outlined in this Notice of Meeting and Explanatory Notes. In accordance with the Corporations Act and the Company’s policy, a reasonable opportunity will also be provided to Shareholders attending the Extraordinary General Meeting to ask questions about, or make comments upon, matters in relation to the Company. During the course of the Extraordinary General Meeting, the Chairman will seek to address as many shareholder questions as reasonably practicable. However, there may not be sufficient time to answer all questions at the Extraordinary General Meeting. Please note that individual responses may not be sent to shareholders. For and on behalf of the Board of Directors Gregory Knoke Company Secretary 1 July 2026 page 6 Voting Exclusion Statements Resolution 1 – Ratification of prior issue of Placement Shares The Company will disregard any votes cast in favour of Resolution 1 by or on behalf of any persons who participated in the Placement or any associate of those persons. However, votes will not be disregarded if cast by or on behalf of: • a person as proxy or attorney for a person who is entitled to vote on the resolution, in accordance with directions given to the proxy or attorney to vote on the resolution in that way; or • the Chairman of the Meeting as proxy or attorney for a person who is entitled to vote on the resolution, in accordance with a direction given to the Chairman to vote on the resolution as the Chairman decides; or • a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: o the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the resolution; and o the holder votes on the resolution in accordance with directions given by the beneficiary to the holder to vote in that way. Resolution 3 – Approval of Equity Incentive Plan The Company will disregard any votes cast in favour of Resolution 3 by or on behalf of any person who is eligible to participate under the Equity Incentive Plan or any associate of those persons. However, votes will not be disregarded if cast by: • a person as proxy or attorney for a person who is entitled to vote on the resolution, in accordance with directions given to the proxy or attorney to vote on the resolution in that way; or • the Chairman of the Meeting as proxy or attorney for a person who is entitled to vote on the resolution, in accordance with a direction given to the Chairman to vote on the resolution as the Chairman decides; or • a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: o the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the resolution; and o the holder votes on the resolution in accordance with directions given by the beneficiary to the holder to vote in that way. Voting Prohibition: In accordance with Section 250BD of the Corporations Act, a person appointed as a proxy must not vote, on the basis of that appointment, on this Resolution if: • the proxy is either: o a member of the KMP or a Director of the Company; or o a Closely Related Party of such a member; and • the appointment does not specify the way the proxy is to vote on this Resolution. However, the above prohibition does not apply if: • the proxy is the Chair of the Meeting; and • the appointment expressly authorises the Chair to exercise the proxy even if this Resolution is connected directly or indirectly with the remuneration of a member of the KMP for the Company. page 7 Explanatory Notes These are the Explanatory Notes for the shareholders of Energy Technologies Limited (Company) for the Extraordinary General Meeting to be held at 10.00am (AEST) on Monday, 3 August 2026. The Explanatory Notes explain the items of business to be considered at the Meeting and are provided to assist Shareholders in their consideration of the proposed Resolutions 1 to 4 inclusive, contained in the Notice of Meeting, and form part of that Notice of Meeting 1. Resolution 1: Ratification of prior issue of Placement Shares 1.1. Proposed resolution Resolution 1 seeks that for the purposes of ASX Listing Rule 7.4, and for all other purposes, the issue of an aggregate of 124,746,500 fully paid ordinary shares in the Company to sophisticated and professional investors under a Share placement for the price of $0.02 (two cents) per Share, of which 98,246,500 Shares were issued on 14 May 2026, 7,750,000 Shares were issued on 2 June 2026 and 18,750,000 Shares were issued on 29 June 2026, is ratified. 1.2. Background On 8 May 2026, EGY announced a Share placement (Placement) through the issue of fully paid ordinary shares (Placement Shares) at an issue price of $0.02 per Share (Issue Price). The Placement closed successfully and was supported by new sophisticated and professional investors, as well as existing Shareholders. Under the Placement, 98,246,500 Placement Shares were issued on 14 May 2026, 7,750,000 Shares were issued on 2 June 2026 and 18,750,000 Shares were issued on 29 June 2026 to sophisticated and professional investors, to make up an aggregate of 124,746,500 Placement Shares raising a total of approximately $2.49 million. Funds raised under the Placement will be applied to general working capital to fund continued capital restructuring of the Company by reducing debt reliance and to fund costs of the Placement. The Issue Price represented a discount of 20% to the closing price of $0.025 on 4 May 2026, prior to announcement of the Placement. 1.3. ASX Listing Rules 7.1 and 7.1A ASX Listing Rule 7.1 provides that a company must not, subject to certain exceptions, issue or agree to issue more equity securities in any rolling 12-month period other than the amount which is equal to 15% of its fully paid ordinary securities on issue at the start of that 12 month period (15% capacity). ASX Listing Rule 7.1A provides that, in addition to issues under the 15% capacity, a company which has obtained the approval of its shareholders under ASX Listing Rule 7.1A in respect of a relevant period, may issue or agree to issue equity securities of an additional amount which is equal to 10% of its fully paid ordinary securities on issue at the start of that 12 month period (10% additional capacity). Listing Rule 7.4 allows the Shareholders of the Company to approve an issue of equity securities after it has been made or agreed to be made. If Shareholders approve the issue, the issue is taken to have been approved under Listing Rule 7.1 and so does not reduce the Company's capacity to issue further equity securities without Shareholder approval under that rule (i.e. by ratifying this previous issue, the Company will retain the flexibility to issue equity securities in the future (equal to the number of securities for which this approval is being sought) within the limits of ASX Listing Rules 7.1 and 7.1A without needing to seek further Shareholder approval). If Resolution 1 is passed, the Placement Shares to Placement investors will be excluded in calculating the Company's 15% capacity in Listing Rule 7.1 and 10% additional capacity in Listing Rule 7.1A, effectively increasing the number of equity securities it can issue without Shareholder approval over the 12-month period following the issue date. If Resolution 1 is not passed, the issue of the Placement Shares will be included in calculating the Company's 15% capacity in Listing Rule 7.1 and 10% additional capacity under Listing Rule 7.1A, in the number of equity securities it can issue without Shareholder approval over the 12-month period following the issue date. The Company wishes to retain as much flexibility as possible to issue additional equity securities into the future without having to obtain Shareholder approval under Listing Rule 7.1. Accordingly, Resolution 1 seeks Shareholder approval to allow the Company to refresh its placement capacity under ASX Listing Rule 7.1 and 7.1A with respect to the Placement Shares issued to Placement investors prior to the date of this Meeting. 1.4. Information required by ASX Listing Rule 7.5 In accordance with ASX Listing Rule 7.5, Shareholders are provided with the following Information: Recipients of Issue Existing qualified shareholders and new sophisticated and professional investors identified or introduced by the Company's adviser, Shaw and Partners, through seeking expressions of page 8 interest to participate in the Placement from non-related parties of the Company. None of the new investors are material investors in the Company. Number and class of the securities issued 124,746,500 fully paid ordinary shares Date on which the Securities were issued 98,246,500 Placement Shares were issued on 14 May 2026, 7,750,000 Placement Shares were issued on 2 June 2026 and 18,750,000 Shares were issued on 29 June 2026 Issue Price $0.02 per Placement Share to raise a total of $2,494,930 Purpose of the issue Funds raised under the Placement will be applied to general working capital to fund continued capital restructuring of the Company by reducing debt reliance and to fund costs of the Placement. Voting exclusion A voting exclusion statement applies to this item of business as set out in the Notice. 1.5. Board Recommendation As explained above, the effect of Shareholder approval for Resolution 1 is the reinstatement of the Company’s 15% capacity and 10% additional capacity. The Directors do not currently have any specific intention to make any further issue of Shares without approval of Shareholders under ASX Listing Rule 7.1 in the next 12 months, unless such issue falls under an exception to capacity limits under ASX Listing Rule 7.2. However, the Directors believe that it is in the best interests of the Company to maintain its ability to issue securities under its 15% capacity and 10% additional capacity, as this will enhance the Company’s flexibility to finance its operations through raising equity capital, should the Directors consider it to be in the best interests of the Company to do so. Accordingly, the Directors unanimously recommend that Shareholders vote in favour of Resolution 1. 2. Resolution 2: Election of Director – Doron Eldar 2.1. Proposed resolution Resolution 2 is for the election of Mr Doron Eldar as a Director of the Company. 2.2. Background ASX Listing Rule 14.4 provides that a director appointed to fill a casual vacancy as an addition to the Board must not hold office (without re-election) past the next annual general meeting of the entity. This provision is substantively replicated in Article 10.04 of the Company's Existing Constitution. Mr Eldar was appointed to the Board as a Non-Executive Director on 23 January 2026 to fill a casual vacancy. Mr Eldar will hold office until the conclusion of the general meeting pursuant to Article 10.04 of the Constitution, and being eligible to be elected as a director of the Company, offers himself for election. Prior to his appointment, the Company conducted appropriate checks into Mr Eldar's background and experience. Mr Doron Eldar is an experienced investor, entrepreneur and non-executive director with over 15 years' experience across public markets, venture capital and private equity. He currently serves on the boards of several ASX-listed and private companies and is a partner in a number of investment funds. Mr Eldar brings strong experience in capital markets, capital structuring and M&A and is actively involved in working with management teams to execute strategy, drive growth initiatives and unlock value in listed company environments. His experience spans founding, investing in and advising technology-driven businesses across energy, climate, deep-tech and infrastructure-related sectors, with a strong focus on translating strategy into commercial outcomes. Mr Eldar holds a Bachelor of Business and Managerial Economics. Mr Eldar is also currently a Director on the Boards of Powerhouse Ventures Limited, Dotz Nano Limited (ASX: DTZ), Electriq~Global Limited, Xerient Pharma Ltd, BIGVU Inc, Bridger Ai Limited and IPulse Medical Ltd and is a Partner at SIBF VC Fund. If elected, the Board considers that Mr Eldar will qualify as an independent director. If Resolution 2 is not passed, Mr Eldar will cease to be a Director following the next annual general meeting of the Company, unless elected by Shareholders prior to that time. 2.3. Board recommendation page 9 The Directors (with Mr Eldar abstaining) support the appointment of Mr Eldar to the Board due to the skills and experience that he brings to the position. The Directors (with Mr Eldar abstaining) recommend that Shareholders vote in favour of Resolution 2. 3. Resolution 3: Approval of Equity Incentive Plan 3.1. Proposed resolution Resolution 3 seeks the approval of the Company's proposed Equity Incentive Plan (EIP). 3.2. Background The Board remains committed to incentivising and retaining all the Company’s Directors, employees and contractors in a manner which promotes alignment of their interests with shareholder interests, whilst at the same time offering eligible participants market-competitive remuneration arrangements. The Company desires to maintain maximum ability to raise capital in accordance with ASX Listing Rule 7.1, without seeking prior shareholder approval, and to have the flexibility to be able to issue a range of employee incentives, recognising that different types of incentives may suit different employees at different times and under different circumstances. The Company previously operated an Employee Share Option Plan (the Existing Plan), which was last approved by Shareholders at the 2021 annual general meeting of the Company held on 29 November 2021 (2021 AGM). Under ASX Listing Rule 7.2 (Exception 13(b)), shareholder approval of an employee incentive scheme operates as an exception to the placement restrictions under ASX Listing Rule 7.1 for a period of three years from the date of that approval. As the three-year approval period for the Existing Plan has now expired, the Board is seeking shareholder approval to adopt a new Equity Incentive Plan (the New Plan) to replace the Existing Plan, with effect from the date of this Meeting. The New Plan will allow the Board the discretion to choose between offering eligible participants incentives referred to in that Plan, including options, shares, loan funded shares, performance rights, deferred shares, exempt shares and share appreciation rights. Once approved, any securities issued pursuant to the Plan will not reduce the Company's capacity under Listing Rule 7.1. The New Plan has been substantially updated to reflect significant reforms to the employee share scheme framework under Australian law, including the reforms introduced by the Treasury Laws Amendment (Cost of Living Support and Other Measures) Act 2022 (the ESS Act), which took effect from 1 October 2022 and introduced a new Division 1A into Part 7.12 of the Corporations Act. A summary of the Equity Incentive Plan is set out in Annexure A to this Explanatory Memorandum. If this Resolution 3 is not approved by Shareholders, the Company will have no Shareholder-approved equity incentive plan in place and therefore any securities issued to employees, Directors, or contractors under any equity incentive arrangement will count towards the Company's 15% annual placement capacity under ASX Listing Rule 7.1, reducing the Company's ability to raise capital. 3.3. ASX Listing Rules Listing Rule 7.1 requires shareholder approval for an issue of equity securities if, over a rolling 12-month period, the amount of equity securities issued (without prior shareholder approval) is or would be more than 15% of the number of ordinary shares on issue at the start of that 12-month period. Listing Rule 7.2 exception 13(b) provides that an issue of securities under an employee incentive scheme does not detract from the available 15% limit under Listing Rule 7.1 if the issue of securities is made under an employee incentive scheme and that employee incentive scheme was approved by shareholders no more than three years before the date of issue of the securities. The New Plan is regarded as an employee incentive scheme for the purposes of Listing Rule 7.2 and this Resolution 3 seeks Shareholder approval for the New Plan to meet the 3-year approval requirement. The Company intends that any issue of securities under the New Plan does not detract from the Company's Listing Rule 7.1 15% entitlement. Accordingly, it is seeking Shareholder approval in order for the Company t