ALTECH BATTERIES LTD — Regulatory Filings 2021

Jan 17, 2021

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18 January 2021

ASX Limited Level 40, Central Park, 152-158 St Georges Terrace Perth WA 6000

Attn: Stephanie Patchell

Dear Stephanie,

RESPONSE TO PRICE QUERY

We refer to your letter dated 18 January 2021 to Altech Chemicals Ltd (ASX: ATC) (“Altech Chemicals” or the “Company”).

The Company responds to the queries in your letter as follows:

1. No

2. Not applicable

3. No

4. The Company confirms that it is in compliance with the Listing Rules and, in particular, Listing Rule 3.1.

5. The responses to the questions above have been authorised and approved by the Company’s managing director Mr Iggy Tan.

Yours sincerely,

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Shane Volk Company Secretary

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Altech Chemicals Limited ASX:ATC ABN 45 125 301 206

Suite 8, 295 Rokeby Road Subiaco, Western Australia 6008 Australia

Telephone: +61 8 6168 1555 E-mail: info@altechchemicals.com Website: www.altechchemicals.com

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18 January 2021

Reference: 29626

Mr Shane Volk Company Secretary Altech Chemicals Limited

By email: shane@altechchemicals.com

Dear Mr Volk

Altech Chemicals Limited (‘ATC’): Price - Query

ASX refers to the following:

• A. The change in the price of ATC’s securities from a low of $0.0375 at the close of trade on 14 January 2021 to an intraday high of $0.05 today, 18 January 2021.

• B. The significant increase in the volume of ATC’s securities traded on 15 January 2021 and 18 January 2021.

Request for information

In light of this, ASX asks ATC to respond separately to each of the following questions and requests for information:

1. Is ATC aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?

2. If the answer to question 1 is “yes”.

   • (a) Is ATC relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1? Please note that the recent trading in ATC’s securities would suggest to ASX that such information may have ceased to be confidential and therefore ATC may no longer be able to rely on Listing Rule 3.1A. Accordingly, if the answer to this question is “yes”, you need to contact us immediately to discuss the situation.

   • (b) Can an announcement be made immediately? Please note, if the answer to this question is “no”, you need to contact us immediately to discuss requesting a trading halt (see below).

   • (c) If an announcement cannot be made immediately, why not and when is it expected that an announcement will be made?

3. If the answer to question 1 is “no”, is there any other explanation that ATC may have for the recent trading in its securities?

4. Please confirm that ATC is complying with the Listing Rules and, in particular, Listing Rule 3.1.

5. Please confirm that ATC’s responses to the questions above have been authorised and approved under its published continuous disclosure policy or otherwise by its board or an officer of ATC with delegated authority from the board to respond to ASX on disclosure matters.

When and where to send your response

This request is made under Listing Rule 18.7. Your response is required as soon as reasonably possible and, in any event, by no later than 3.00pm AWST today, Monday, 18 January 2021 . You should note that if the information requested by this letter is information required to be given to ASX under Listing Rule 3.1 and it

ASX Customer Service Centre 131 279 | asx.com.au

ASX Limited [[Listings]]

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does not fall within the exceptions mentioned in Listing Rule 3.1A, ATC’s obligation is to disclose the information ‘immediately’. This may require the information to be disclosed before the deadline set out in the previous paragraph and may require ATC to request a trading halt immediately.

Your response should be sent to me by e-mail at ListingsCompliancePerth@asx.com.au . It should not be sent directly to the ASX Market Announcements Office. This is to allow me to review your response to confirm that it is in a form appropriate for release to the market, before it is published on the ASX Market Announcements Platform.

Trading halt

If you are unable to respond to this letter by the time specified above, or if the answer to question 1 is “yes” and an announcement cannot be made immediately, you should discuss with us whether it is appropriate to request a trading halt in ATC’s securities under Listing Rule 17.1. If you wish a trading halt, you must tell us:

• the reasons for the trading halt;

• how long you want the trading halt to last;

• the event you expect to happen that will end the trading halt;

• that you are not aware of any reason why the trading halt should not be granted; and

• any other information necessary to inform the market about the trading halt, or that we ask for.

We require the request for a trading halt to be in writing. The trading halt cannot extend past the commencement of normal trading on the second day after the day on which it is granted. You can find further information about trading halts in Guidance Note 16 Trading Halts & Voluntary Suspensions .

Suspension

If you are unable to respond to this letter by the time specified above, ASX will likely suspend trading in ATC’s securities under Listing Rule 17.3.

Listing Rules 3.1 and 3.1A

In responding to this letter, you should have regard to ATC’s obligations under Listing Rules 3.1 and 3.1A and also to Guidance Note 8 Continuous Disclosure : Listing Rules 3.1 – 3.1B. It should be noted that ATC’s obligation to disclose information under Listing Rule 3.1 is not confined to, nor is it necessarily satisfied by, answering the questions set out in this letter.

Release of correspondence between ASX and entity

We reserve the right to release a copy of this letter, your reply and any other related correspondence between us to the market under Listing Rule 18.7A.

Questions

If you have any questions in relation to the above, please do not hesitate to contact me.

Yours sincerely

Stephanie Patchell

Adviser, Listings Compliance (Perth)

2/2 ASX Customer Service Centre 131 279 | asx.com.au