CODEIFAI LIMITED — Share Issue/Capital Change 2019

Feb 19, 2019

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YPB!Group!Limited ACN!108!649!421!

Signed!pursuant!to!section!351!of!the!Corporations!Act! 2001!(Cth)!

_______! John!Houston,!Director! 20!February!2019!

Prospectus!

For!the!conditional!offer!of!up!to!1,000!Shares!at!an!issue!price!of!$0.01!per!Share!to!raise!approximately! $10!(before!expenses).!!

This!Prospectus!has!been!prepared!primarily!for!the!purpose!of!Section!708A(11)!of!the! Corporations!Act!to!remove!any!trading!restrictions!on!the!sale!of!Shares!issued!by!the!Company! prior!to!the!Closing!Date.!

The!Offer!is!not!underwritten.!

IMPORTANT!NOTICE!

This!document!is!important!and!should!be!read!in!its!entirety!(including!the!Risk!Factors!in!Section!6!of! this!Prospectus).!This!Prospectus!is!a!transaction!specific!prospectus!for!an!offer!of!continuously!quoted! Legal/66928236_2!

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securities!(as!defined!in!the!Corporations!Act)!issued!in!accordance!with!Section!713!of!the!Corporations! Act.!It!does!not!contain!the!same!level!of!disclosure!as!an!initial!public!offering!prospectus.!If!after!reading! this!Prospectus!you!have!any!questions!about!the!Shares!being!offered!under!this!Prospectus!or!any! other!matter,!then!you!should!consult!your!stockbroker,!accountant!or!other!professional!adviser.!The! Shares!offered!under!this!Prospectus!should!be!considered!speculative.!

In!making!representations!in!this!Prospectus!regard!has!been!had!to!the!fact!that!the!Company!is!a! disclosing!entity!for!the!purposes!of!the!Corporations!Act!and!certain!matters!may!reasonably!be!expected! to!be!known!to!investors!and!professional!advisers!whom!potential!investors!may!consult.

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Table!of!Contents!

	TableofContents
1	IMPORTANTINFORMATION................................................................................1
2	CORPORATEDIRECTORY...................................................................................4
3	DETAILSOFTHEOFFER.....................................................................................5
4	EFFECTOFOFFERONTHECOMPANY.............................................................9
5	RIGHTSANDLIABILITIESATTACHINGTOSHARES......................................12
6	RISKFACTORS...................................................................................................14
7	ADDITIONALINFORMATION.............................................................................19
8	DEFINITIONS.......................................................................................................27

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1! Important!information!

1.1! Timetable!and!important!dates*!

Action	Date
LodgementofProspectuswithASICandASX	20February2019
OpeningDate	20February2019
ClosingDate	22February2019
ExpectedDateofOfficialQuotation	23February2019

• The!above!dates!are!indicative!only!and!may!be!subject!to!change.!The!Directors!reserve!the!right!to!vary!these! dates,!including!the!Closing!Date,!without!prior!notice!but!subject!to!any!applicable!requirements!of!the!Corporations! Act!or!the!ASX!Listing!Rules.!This!may!include!extending!the!Offer!or!accepting!late!acceptances,!either!generally!or! in!particular!cases.!

1.2!

Conditional!Offer!

The!Offer!is!conditional!on!the!Company!achieving!the!minimum!subscription!as!set!out!in! Section!3.2.

1.3! General!

Shareholders!should!read!this!document!in!its!entirety!and,!if!in!doubt,!should!consult!their! professional!advisers.!The!Shares!the!subject!of!this!Prospectus!should!be!considered!highly! speculative.!

This!Prospectus!is!dated!20!February!2019!and!a!copy!of!this!Prospectus!was!lodged!with! ASIC!on!that!date.!

ASIC!and!the!ASX!take!no!responsibility!for!the!content!of!this!Prospectus!or!the!merits!of!the! investment!to!which!this!Prospectus!relates.!The!expiry!date!of!the!Prospectus!is!13!months! after!the!date!the!Prospectus!was!lodged!with!ASIC.!No!Shares!will!be!allotted!or!issued!on! the!basis!of!this!Prospectus!after!the!expiry!date.!Within!7!days!of!the!date!of!this!Prospectus,! the!Company!will!make!an!application!to!ASX!for!the!Shares!offered!pursuant!to!this! Prospectus!to!be!admitted!for!quotation!on!ASX.!

No!person!is!authorised!to!give!information!or!to!make!any!representation!in!connection!with! this!Prospectus!which!is!not!contained!in!the!Prospectus.!Any!information!or!representation! not!so!contained!may!not!be!relied!on!as!having!been!authorised!by!the!Company!in! connection!with!this!Prospectus.!Applications!for!Shares!offered!pursuant!to!this!Prospectus! can!only!be!submitted!on!an!original!Application!Form!which!accompanies!this!Prospectus.!!

The!distribution!of!this!Prospectus!in!jurisdictions!outside!Australia!may!be!restricted!by!law! and!therefore!persons!into!whose!possession!this!document!comes!should!seek!advice!on! and!observe!any!such!restrictions.!Any!failure!to!comply!with!these!restrictions!constitutes!a! violation!of!those!laws.!This!Prospectus!does!not!constitute!an!offer!in!any!place!in!which,!or! to!any!person!to!whom,!it!would!not!be!lawful!to!make!such!an!offer.!

In!preparing!this!Prospectus,!regard!has!been!had!to!the!fact!that!the!Company!is!a!disclosing! entity!for!the!purposes!of!the!Corporations!Act!and!that!certain!matters!may!reasonably!be! expected!to!be!known!to!investors!and!their!professional!advisers.!This!Prospectus!is!a! transaction!specific!prospectus!for!an!offer!of!continuously!quoted!securities!(as!defined!in!the! Corporations!Act)!and!has!been!prepared!in!accordance!with!Section!713!of!the!Corporations! Act.!Section!713!allows!the!issue!of!a!more!concise!prospectus!in!relation!to!an!offer!of! continuously!quoted!securities.!!

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1.4! Publicly!available!information!

Information!about!the!Company!is!publicly!available!and!can!be!obtained!from!ASIC!and!ASX! (including!ASX’s!website!www.asx.com.au).!The!contents!of!any!website!or!ASIC!or!ASX!filing! by!the!Company!are!not!incorporated!into!this!Prospectus!and!do!not!constitute!part!of!the! Offer.!

This!Prospectus!is!intended!to!be!read!in!conjunction!with!the!publicly!available!information!in! relation!to!the!Company!which!has!been!notified!to!ASX!and!does!not!include!all!information! that!would!be!included!in!a!prospectus!for!an!initial!public!offering.!

1.5! Risk!Factors!

Potential!investors!should!be!aware!that!subscribing!for!Shares!in!the!Company!involves!a! number!of!risks.!!The!key!risk!factors!of!which!investors!should!be!aware!are!set!out!in! Section!6!of!this!Prospectus.!!These!risks!together!with!other!general!risks!applicable!to!all! investments!in!listed!securities!not!specifically!referred!to,!may!affect!the!value!of!the!Shares! in!the!future.!!Accordingly,!an!investment!in!the!Company!should!be!considered!highly! speculative.!!Investors!should!consider!consulting!their!professional!advisers!before!deciding! whether!to!apply!for!Shares!pursuant!to!this!Prospectus.!

1.6! Privacy!Act!

If!you!complete!an!application!for!Shares,!you!will!be!providing!personal!information!to!the! Company.!The!Company!collects,!holds!and!will!use!that!information!to!assess!your! application,!service!your!needs!as!a!Shareholder,!facilitate!distribution!payments!and! corporate!communications!to!you!as!a!Shareholder!and!carry!out!administration.!

The!information!may!also!be!used!from!time!to!time!and!disclosed!to!persons!inspecting!the! register,!bidders!for!your!securities!in!the!context!of!takeovers,!regulatory!bodies,!including!the! Australian!Taxation!Office,!authorised!securities!brokers,!print!service!providers,!mail!houses! and!the!Company’s!Share!Registry.!You!can!access,!correct!and!update!the!personal! information!that!we!hold!about!you.!Please!contact!the!Company!if!you!wish!to!do!so!at!the! relevant!contact!numbers!set!out!in!this!Prospectus.!

Collection,!maintenance!and!disclosure!of!certain!personal!information!is!governed!by! legislation!including!the! Privacy(Act(1988 !(Cth)!(as!amended),!the!Corporations!Act!and! certain!rules!such!as!the!ASX!Settlement!Operating!Rules.!

You!should!note!that!if!you!do!not!provide!the!information!required!on!the!application!for! Shares,!the!Company!may!not!be!able!to!accept!or!process!your!application.!

1.7! Electronic!Prospectus!

A!copy!of!this!Prospectus!can!be!downloaded!from!the!ASX!website.!Any!person!accessing! the!electronic!version!of!this!Prospectus!for!the!purpose!of!making!an!investment!in!the! Company!must!be!an!Australian!resident!and!must!only!access!the!Prospectus!from!within! Australia.!

The!Corporations!Act!prohibits!any!person!passing!onto!another!person!an!Application!Form! unless!it!is!attached!to!a!hard!copy!of!this!Prospectus!or!it!accompanies!the!complete!and! unaltered!version!of!this!Prospectus.!Any!person!may!obtain!a!hard!copy!of!this!Prospectus! free!of!charge!by!contacting!the!Company.!

1.8! Application!for!Securities!

Please!read!the!instructions!in!this!Prospectus!and!on!the!accompanying!Application!Form! regarding!the!acceptance!of!the!Offer.!By!returning!an!Application!Form!or!lodging!an! Application!Form!with!your!stockbroker!or!otherwise!arranging!for!payment!for!Securities!in! accordance!with!the!instructions!on!the!Application!Form,!you!acknowledge!that!you!have! received!and!read!this!Prospectus,!you!have!acted!in!accordance!with!the!terms!of!the! relevant!Offer!detailed!in!this!Prospectus!and!you!agree!to!all!of!the!terms!and!conditions!as! detailed!in!this!Prospectus.!

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Applications!for!Shares!offered!pursuant!to!this!Prospectus!can!only!be!submitted!on!an! original!Application!Form!which!accompanies!this!Prospectus.!

1.9! Overseas!Shareholders!

No!action!has!been!taken!to!permit!the!offer!of!Shares!under!this!Prospectus!in!any! jurisdiction!other!than!Australia.!The!distribution!of!this!Prospectus!in!jurisdictions!outside! Australia!may!be!restricted!by!law!and!therefore!persons!into!whose!possession!this! document!comes!should!seek!advice!on!and!observe!any!such!restrictions.!Any!failure!to! comply!with!these!restrictions!constitutes!a!violation!of!those!laws.!This!Prospectus!does!not! constitute!an!offer!in!any!place!in!which,!or!to!any!person!to!whom,!it!would!not!be!lawful!to! make!such!an!offer.!

1.10! Forward!Looking!Statements!

This!Prospectus!contains!forwardclooking!statements!which!incorporate!an!element!of! uncertainty!or!risk,!such!as!‘intends’,!‘may’,!‘could’,!‘believes’,!‘estimates’,!‘targets’!or!‘expects’.! These!statements!are!based!on!an!evaluation!of!current!economic!and!operating!conditions,! as!well!as!assumptions!regarding!future!events.!These!events,!as!at!the!date!of!this! Prospectus,!are!expected!to!take!place,!but!there!is!no!guarantee!that!such!will!occur!as! anticipated!or!at!all!given!that!many!of!the!events!are!outside!the!Company’s!control.!

Accordingly,!the!Company!cannot!and!does!not!give!any!assurance!that!the!results,! performance!or!achievements!expressed!or!implied!by!the!forwardclooking!statements! contained!in!this!Prospectus!will!actually!occur.!Further,!the!Company!may!not!update!or! revise!any!forwardclooking!statement!if!events!subsequently!occur!or!information!subsequently! becomes!available!that!affects!the!original!forwardclooking!statement.!Past!performance!is!not! a!guide!to!future!performance.!

1.11! Interpretation!

A!number!of!terms!and!abbreviations!used!in!this!Prospectus!have!defined!meanings!which! are!set!out!in!Section!8.!

All!references!in!this!Prospectus!to!$,!AUD!or!dollars!are!references!to!Australian!currency,! unless!otherwise!stated.!

All!references!to!time!in!this!Prospectus!relate!to!the!time!in!Sydney,!New!South!Wales.!

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2! Corporate!Directory!

Directors!

John!Houston!–!Executive!Chairman,!CEO!

Gerard!Eakin!–!NoncExecutive!Director!

George!Su!–!NoncExecutive!Director!

Anoosh!Manzoori!–!NoncExecutive!Director!

Company!Secretary!

Adam Gallagher

Registered!Office!and!Principal!Place!of!Business!

Level!29!

66!Goulburn!Street!

SYDNEY!NSW!2000!

T:!(02)!8263!4000! F:!(02)!8263!4111!

Securities!Exchange!Listing!

ASX Code: YPB

Solicitors!!

Thomson!Geer!Lawyers!

Level!25! 1!O'Connell!Street! SYDNEY!NSW!2000!

Share!Registry*!

Boardroom!Pty!Limited!

Level!12! 225!George!Street! SYDNEY!NSW!2000!

Auditor*

Hall!Chadwick!

Level!40,!2!Park!Street!

SYDNEY!NSW!2000!

*These!entities!have!not!been!involved!in!the!preparation!of!this!Prospectus!and!have!not! consented!to!being!named!in!this!Prospectus.!Their!names!are!included!for!information!purposes! only.!

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3! Details!of!the!Offer!

3.1!

Offer!

By!this!Prospectus,!the!Company!is!making!an!offer!to!investors!identified!by!the!Directors!for!up! to!1,000!Shares!at!an!issue!price!of!$0.01!per!Share!payable!in!full!on!application!to!raise!$10! (before!expenses).!

All!of!the!Shares!offered!under!this!Prospectus!will!rank!equally!with!Shares!on!issue!at!the!date! of!this!Prospectus.!Application!Forms!will!only!be!provided!by!the!Company!to!the!invited! investors.!All!recipients!of!the!Shares!under!the!Offer!will!be!sophisticated!or!professional! investors!(within!the!meaning!of!sections!708(8)!and!708(11)!of!the!Corporations!Act,! respectively),!however!no!Shares!will!be!issued!under!the!Offer!to!Directors,!related!parties!of!the! Company!or!any!other!person!if!the!issue!would!breach!the!takeover!prohibition!in!section!606!of! the!Corporations!Act.!

3.2! Condition!of!the!Offer!

The!Offer!is!conditional!upon!the!Company!achieving!the!minimum!level!of!subscription!for!the! Offer,!being!1,000!Shares!to!raise!approximately!$10.!

Satisfaction!of!the!above!condition!is!a!requirement!for!the!issue!of!Shares!under!the!Offer.!In!the! event!that!this!condition!is!not!met!within!4!months!of!the!date!of!this!Prospectus!(or!such!period! as!varied!by!the!ASIC),!all!Application!Monies!will!be!returned!to!Applicants!without!interest!as! soon!as!practicable!thereafter!and!no!Shares!will!be!issued!under!the!Offer.!

3.3! Purpose!of!this!Prospectus!

The!Company!is!seeking!to!raise!only!a!nominal!amount!of!$10!(before!expenses)!under!this! Prospectus!and,!accordingly,!the!purpose!of!this!Prospectus!is!not!to!raise!capital.!The!Directors! intend!to!apply!the!proceeds!from!the!Offer!to!expenses!of!the!Offer.!

The!primary!purpose!of!this!Prospectus!is!to!remove!any!trading!restrictions!that!may!be!attached! to!Shares!issued!by!the!Company!prior!to!the!Closing!Date,!including!the!issue!of!110,000,000! Shares!at!an!issue!price!of!$0.01!per!Share!on!20!February!2019!( Placement!Securities ).!The! Placement!Securities!were!issued!under!ASX!Listing!Rule!7.1!under!a!placement!to!sophisticated! and!professional!investors!( Placement ),!to!whom!the!Company!is!not!required!to!issue!a! disclosure!document!under!the!Corporations!Act.!!

The!issue!of!the!Placement!Securities!raised!approximately!$1,100,000!(before!costs).!These! funds!will!be!applied!to:!

• (a)! Further!technical!development!and!commercialisation!of!the!world!leading!Motif!Micro! materials!technology!!

• (b)! Business!development!activities!

• (c)! Costs!associated!with!the!capital!raise!and!for!general!working!capital!purposes.!

The!Placement!also!involves!the!proposed!issue!of!a!second!tranche!of!15,000,000!Shares!and! 125,000,000!free!attaching!YPBOA!Options!that!will!each!be!issued!subject!to!Shareholder! approval!being!obtained!at!the!next!general!meeting!of!the!Company.!If!approved!by!shareholders! the!second!tranche!will!raise!$150,000!(before!costs)!that!will!be!applied!to!the!same!purpose!as! the!Placement!Securities.!

The!Placement!Securities!rank!equally!with!existing!Shares!on!issue.!A!summary!of!the!terms!of! existing!Shares!is!set!out!in!Section!0.!!

Section!708A(5)!of!the!Corporations!Act!provides!that!a!sale!offer!does!not!need!disclosure!to! investors!if:!

• (a)! the!relevant!securities!are!in!a!class!of!securities!that!were!quoted!securities!at!all!times!in! the!3!months!before!the!day!on!which!the!relevant!securities!were!issuedk!

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• (b)! trading!in!that!class!of!securities!on!a!prescribed!financial!market!on!which!they!were! quoted!was!not!suspended!for!more!than!a!total!of!5!days!during!the!shorter!of!the!period! during!which!the!class!of!securities!were!quoted,!and!the!period!of!12!months!before!the! day!on!which!the!relevant!securities!were!issuedk!

• (c)! the!Company!has!not!been!exempted!by!ASIC!from!the!continuous!disclosure!provisions! at!any!time!during!the!relevant!period!referred!to!in!paragraph!(b)k!

• (d)! the!Company!or!any!person!as!director!or!auditor!of!the!body!has!not!been!exempted! from!or!received!an!instrument!of!modification!in!relation!to!the!financial!reporting! provisions!at!any!time!during!the!relevant!period!referred!to!in!paragraph!(b)k!and!

• (e)! (relevantly)!the!Company!gives!the!relevant!market!operator!for!the!Company!a!notice! that!complies!with!section!708A(6)!of!the!Corporations!Act!before!the!sale!offer!is!made.!

The!Company!was!voluntarily!suspended!from!the!following!dates!in!the!last!12!months:!

• (a)! 10!January!2018!(inclusive)!to!26!March!2018k!and!

• (b)! 26!April!2018!(inclusive)!to!30!April!2018.!

Accordingly,!the!Company!has!been!suspended!for!more!than!5!days!during!the!past!12!months! and!therefore!cannot!rely!on!Section!708A(5)!of!the!Corporations!Act.!

However,!Section!708A(11)!of!the!Corporations!Act!provides!that!a!sale!offer!does!not!need! disclosure!to!investors!if:!

• (a)! the!relevant!securities!are!in!a!class!of!securities!that!are!quoted!securities!of!the!bodyk! and!

• (b)! either:!

• (i)! a!prospectus!is!lodged!with!the!ASIC!on!or!after!the!day!on!which!the!relevant! securities!were!issued!but!before!the!day!on!which!the!sale!offer!is!madek!or!

• (ii)! a!prospectus!is!lodged!with!ASIC!before!the!day!on!which!the!relevant!securities! are!issued!and!offers!of!securities!that!have!been!made!under!the!prospectus!are! still!open!for!acceptance!on!the!day!on!which!the!relevant!securities!were!issuedk! and!

• (c)! the!prospectus!is!for!an!offer!of!securities!issued!by!the!body!that!are!in!the!same!class!of! securities!as!the!relevant!securities.!

3.4! Opening!and!Closing!Dates!of!the!Offer!

The!Offer!will!be!opened!at!9.00am!(AEDT)!on!20!February!2019!( Opening!Date )!and!will!remain! open!until!5.00pm!(AEDT)!on!22!February!2019!( Closing!Date ),!subject!to!the!right!of!the! Directors!to!either!close!the!Offer!at!an!earlier!time!and!date!or!to!extend!the!Closing!Date!without! prior!notice,!subject!to!the!requirements!of!the!ASX!Listing!Rules.!

3.5!

Application!for!Shares!

To!subscribe!for!Shares!complete!and!return!the!Application!Form,!which!will!be!provided!with!a! copy!of!this!Prospectus!by!the!Company!at!the!Company's!discretion,!in!accordance!with!the! instructions!set!out!in!the!Application!Form.!

Completed!Application!Forms!and!Application!Monies!must!be!received!by!the!Company!prior!to! 5.00pm!(AEDT)!on!the!Closing!Date.!Cheques!must!be!made!payable!to!“ YPB!Group!Limited ”! and!crossed!“ Not!Negotiable ”.!All!cheques!must!be!in!Australian!currency.!No!brokerage!or! stamp!duty!is!payable.!

Application!Forms!should!be!delivered!to:!

Adam!Gallagher:!adam.gallagher@ypbsystems.com!!

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Level!29,!66!Goulburn!St,!Sydney,!2000!

!An!original,!completed!and!lodged!Application!Form!together!with!a!cheque!for!the!Application! Monies!(if!applicable)!constitutes!a!binding!and!irrevocable!offer!to!subscribe!for!the!number!of! Securities!specified!in!each!Application!Form.!The!Application!Form!does!not!need!to!be!signed!to! be!valid.!

If!the!Application!Form!is!not!completed!correctly!or!if!the!accompanying!payment!is!for!the!wrong! amount,!it!may!be!treated!by!the!Company!as!valid.!The!Directors’!decision!as!to!whether!to!treat! such!an!Application!Form!as!valid!and!how!to!construe,!amend!or!complete!the!Application!Form! is!final,!however,!for!Application!Forms!an!Applicant!will!not!be!treated!as!having!applied!for!more! Shares!than!is!indicated!by!the!amount!of!the!cheque!for!the!Application!Monies.!!

Applicants!are!encouraged!to!lodge!their!Application!Forms!as!soon!as!possible,!as!the!Offer!may! close!early!without!notice.!

3.6! Minimum!subscription!

The!Offer!is!conditional!on!the!Company!achieving!the!minimum!level!of!subscription!of!1,000!new! Shares!to!raise!approximately!$10.!No!Shares!under!the!Offer!will!be!issued!until!the!minimum! subscription!has!been!reached.!If!the!minimum!subscription!has!not!been!achieved!within!4! months!from!the!date!of!this!Prospectus!(or!such!period!as!varied!by!the!ASIC),!all!Application! Monies!will!be!refunded!to!Applicants!without!interest!in!accordance!with!the!Corporations!Act.!

3.7!

Oversubscription!

No!oversubscriptions!for!the!Offer!will!be!accepted!by!the!Company.!

3.8! Allotment!of!Shares!and!Application!money!

Shares!will!be!issued!only!after!all!Application!Monies!have!been!received!and!ASX!has!granted! permission!for!the!Shares!to!be!quoted.!It!is!expected!that!Shares!will!be!issued!on!22!February! 2019!and!trading!of!the!Shares!on!ASX!is!expected!to!commence!23!February!2019.!Holding! statements!for!Shares!issued!under!the!Offer!will!be!mailed!as!soon!as!practicable!after!their! issue.!

All!Application!Monies!received!before!Shares!are!issued!will!be!held!in!a!special!purpose!account! for!the!purpose!of!depositing!Application!Monies.!This!account!will!be!established!and!kept!by!the! Company!in!trust!for!each!applicant.!Any!interest!earned!on!the!Application!Monies!will!be!for!the! benefit!of!the!Company!and!will!be!retained!by!the!Company!irrespective!of!whether!grant!takes! place!and!each!applicant!waives!the!right!to!claim!any!interest.!

The!Directors!will!determine!the!allottees!of!all!the!Shares!the!subject!of!the!Offer!in!their!sole! discretion.!The!Directors!reserve!the!right!to!reject!any!application!or!to!allot!any!applicant!fewer! Shares!than!the!number!applied!for.!

Where!the!number!of!Shares!allotted!is!less!than!the!number!applied!for,!the!surplus!monies!will! be!returned!by!cheque!as!soon!as!practicable!after!the!Closing!Date.!Where!no!allotment!is!made,! the!amount!tendered!on!application!will!be!returned!in!full!by!cheque!as!soon!as!practicable!after! the!Closing!Date.!Interest!will!not!be!paid!on!monies!refunded.!

3.9! Underwriting!

The!Offer!is!not!underwritten.!

3.10! ASX!Quotation!

Application!for!Official!Quotation!of!the!Shares!offered!pursuant!to!this!Prospectus!will!be!made! within!7!days!after!the!date!of!this!Prospectus.!If!approval!is!not!obtained!from!the!ASX!before!the! expiration!of!3!months!after!the!date!of!issue!of!the!Prospectus!(or!such!period!as!varied!by! ASIC),!the!Company!will!not!issue!any!Shares!and!will!repay!all!Application!Monies!for!the!Shares! within!the!time!prescribed!under!the!Corporations!Act,!without!interest.!The!fact!that!the!ASX!may! grant!Official!Quotation!to!the!Shares!is!not!to!be!taken!in!any!way!as!an!indication!of!the!merits!of! the!Company!or!the!Shares!now!offered!for!subscription.!

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3.11! Restrictions!on!the!distribution!of!the!Prospectus!

The!distribution!of!this!Prospectus!outside!the!Australia!may!be!restricted!by!law.!This!Offer!does! not,!and!is!not!intended!to,!constitute!an!offer!in!any!place!or!jurisdiction!in!which,!or!to!any!person! to!whom,!it!would!not!be!lawful!to!make!such!an!offer!or!to!issue!this!Prospectus.!

Residents!of!countries!outside!Australia!should!consult!their!professional!advisers!as!to!whether! any!government!or!other!consents!are!required,!or!whether!any!formalities!need!to!be!observed! should!they!wish!to!make!an!application!to!take!up!Shares!on!the!basis!of!this!Prospectus.!The! return!of!a!duly!completed!Application!Form!will!be!taken!to!constitute!a!representation!and! warranty!that!there!has!been!no!breach!of!such!laws!and!that!all!approvals!and!consents!have! been!obtained.!

3.12! CHESS!and!issuer!sponsorship!

The!Company!operates!an!electronic!CHESS!subcregister!and!an!electronic!issue!sponsored!subc register.!These!two!subcregisters!will!make!up!the!Company’s!register!of!Securities.!

The!Company!will!not!issue!certificates!to!security!holders.!Rather,!holding!statements!(similar!to! bank!statements)!will!be!dispatched!to!security!holders!as!soon!as!practicable!after!issue.!Holding! statements!will!be!sent!either!by!CHESS!(for!security!holders!who!elect!to!hold!Securities!on!the! CHESS!subcregister)!or!by!the!Company’s!Share!Registry!(for!security!holders!who!elect!to!hold! their!Securities!on!the!issuer!sponsored!subcregister).!The!statements!will!set!out!the!number!of! Securities!issued!under!this!Prospectus!and!the!Holder!Identification!Number!(for!security!holders! who!elect!to!hold!Securities!on!the!CHESS!sub!register)!or!Shareholder!Reference!Number!(for! security!holders!who!elect!to!hold!their!Securities!on!the!issuer!sponsored!subcregister).!Updated! holding!statements!will!also!be!sent!to!each!security!holder!following!the!month!in!which!the! balance!of!their!security!holding!changes,!and!also!as!required!by!the!ASX!Listing!Rules!and!the! Corporations!Act.!

3.13! Taxation!implications!

The!Directors!do!not!consider!it!appropriate!to!give!Applicants!advice!regarding!the!taxation! consequences!of!subscribing!for!Shares!under!this!Prospectus.!

The!Company,!its!advisers!and!its!officers!do!not!accept!any!responsibility!or!liability!for!any!such! taxation!consequences!to!Applicants.!As!a!result,!Applicants!should!consult!their!professional!tax! adviser!in!connection!with!subscribing!for!Shares!under!this!Prospectus.!

3.14! Major!activities!and!financial!information!

A!summary!of!the!major!activities!and!financial!information!relating!to!the!Company!is!included!in! the!2017!Annual!Report,!which!was!lodged!with!the!ASX!on!3!April!2018.!

The!Company's!continuous!disclosure!notices!(ie!ASX!announcements)!since!3!April!2018!are! listed!in!Section!7.3!of!this!Prospectus.!

Copies!of!these!documents!are!available!free!of!charge!from!the!Company.!!Directors!strongly! recommend!that!Shareholders!review!these!and!all!other!announcements!prior!to!deciding! whether!or!not!to!participate!in!the!Offer.!

3.15! Enquiries!

This!document!is!important!and!should!he!read!in!its!entirety.!Persons!who!are!in!any!doubt!as!to! the!course!of!action!to!be!followed!should!consult!their!stockbroker,!lawyer,!accountant!or!other! professional!advisor!without!delay.!Any!questions!concerning!the!Offer!should!be!directed!to!the! Company!Secretary,!Adam!Gallagher!on!0428!130!447.!

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4! Effect!of!Offer!on!the!Company!

4.1!

Effect!of!the!Offer!on!capital!structure!

The!capital!structure!of!the!Company!on!completion!of!the!Offer!and!assuming!it!is!fully! subscribed!is!set!out!below:!

Sharescurrentlyonissue	NumberofShares
SharesonissuepriortotheOffer(includingtheissueofthe PlacementSecurities)	911,377,924
SharesofferedunderthisProspectus	1,000
TotalSharesonissueoncompletionoftheOffer	911,378,924

Options	Number
AlllistedOptionscurrentlyonissue	127,132,473
AllunlistedOptionscurrentlyonissue	75,146,000
TotalOptionsonissueoncompletionoftheOffer	202,278,473

FullyDilutedShareCapital	NumberofShares
SharesonissueatthedateofthisProspectus(includingthe issueofthePlacementSecurities)	911,377,924
TotalSharesonissueatcompletionoftheOffer	911,378,924
TotalSharesonissueifallOptionsonissueoncompletion oftheOfferareexercised1,2	1,113,657,397

1 This(assumes(no(other(Shares(are(issued(between(the(date(of(this(Prospectus(and(the(date(of(exercise(of( the(last(Option(on(issue.(

2( Does(not(include(any(issues(of(securities(relating(to(the(convertible(debt(instruments(held(on(the(Company’s( balance(sheet.

4.2! Financial!effect!of!the!Offer!

The!financial!effect!of!the!Offer!will,!assuming!that!1,000!Shares!are!issued!pursuant!to!the!Offer,! be!that!cash!reserves!(before!costs)!will!increase!by!approximately!$10.!

After!paying!for!the!expenses!of!the!Offer!of!approximately!$10,000!there!will!be!no!remaining! funds.!!

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4.3! Effect!of!the!Offer!on!control!

The!Company!will!not!issue!Shares!under!the!Offer!to!Directors,!related!parties!of!the!Company!or! any!other!person!if!the!issue!would!breach!the!takeover!prohibition!in!section!606!of!the! Corporations!Act.!

The!following!table!sets!out!the!potential!dilutionary!effect!of!the!Offer!assuming!that!no!current! Shareholders!apply!for!or!are!issued!Shares!under!the!Offer!and!no!Options!are!exercised:!

ExistingShares(includingthe issueofthePlacement Securities)	Sharestobeissuedunderthe Offer	%dilution
911,377,924	1,000	~0.00%

4.4! Dividend!policy!

Dependant!on!the!financial!results!of!the!Company,!the!Directors!will!consider!the!payment!of! dividends!to!Shareholders.!!However,!investors!should!note!that!it!is!the!Directors'!intentions!to! utilise!retained!earnings!and!free!cash!flows!to!fund!ongoing!growth!of!the!Company!in!priority!to! the!payment!of!dividends.!

Investors!should!be!aware!that!no!guarantee!is!given!by!the!Company!or!the!Directors!as!to!the! performance!of!the!Company!or!as!to!the!timing!or!amount!of!any!dividend!payment.!

4.5! Pro!forma!statement!of!financial!position!

Set!out!below!is!the!statement!of!financial!position!of!the!Company!and!the!unaudited!pro!forma! statement!of!financial!position,!as!at!20!February!2019,!prepared!on!the!basis!of!the!following! assumptions:!

• (a)!the!Offer!was!effective!on!20!February!2019k!!

• (b)!no!further!securities!are!issued!other!than!the!Placement!Securitiesk!and!

• (c)!no!Options!are!exercised.!

The!pro!forma!statement!of!financial!position!has!been!prepared!on!the!basis!of!the!Half!Year! Report!for!the!period!ended!30!June!2018.!

The!significant!accounting!policies!upon!which!the!consolidated!statement!of!financial!position!and! the!pro!forma!statement!of!financial!position!are!based!are!contained!in!the!financial!report!for!the! period!ended!30!June!2018.

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YPB$Group$Ltd.$

Pro.Forma$Consolidated$Statement$of$Financial$Position$ 30$June$2018$and$20$February$2019$

	ConsolidatedStatementof	ConsolidatedStatementof	ConsolidatedStatementof
	FinancialPosition		FinancialPosition
30June2018			20February2019
$'000			$'000
Assets CurrentAssets Cashandcashequivalents		369	1,270
Tradeandotherreceivables		519	400
Inventories		316	300
TotalCurrentAssets		1,204	1,970
Non.currentassets Plantandequipment		206	210
Intangibles		8,063	8,063
TotalNon.CurrentAssets		8,269	8,273
TotalAssets		9,473	10,243
Liabilities CurrentLiabilities Tradeandotherpayables		2,465	1,900
Deferredrevenue		199	160
FinancialLiabilitiesIConvertiblenotes		373	1,500
Borrowings		502	I
TotalCurrentLiabilities		3,539	3,560
TotalLiabilities		3,539	3,560
NetAssets		5,934	6,683
Equity Issuedcapital		58,645	63,080
Reserves		3,356	3,071
Accumulatedlosses		(56,067)	(59,468)
TotalEquity		5,934	6,683

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5! !Rights!and!liabilities!attaching!to!Shares!!

The!following!is!a!summary!of!the!more!significant!rights!and!liabilities!attaching!to!Shares!to!be! issued!pursuant!to!this!Prospectus.!This!summary!is!not!exhaustive!and!does!not!constitute!a! definitive!statement!of!the!rights!and!liabilities!of!Shareholders.!To!obtain!such!a!statement,! persons!should!seek!independent!legal!advice.!Full!details!of!the!rights!and!liabilities!attaching!to! Shares!are!set!out!in!the!Corporations!Act,!ASX!Listing!Rules!and!the!Constitution,!a!copy!of! which!is!available!for!inspection!at!the!Company’s!registered!office!during!normal!business!hours.!

The!rights,!privileges!and!restrictions!attaching!to!Shares!can!be!summarised!as!follows:!

• (a)! Voting!rights!

Subject!to!the!rights!or!restrictions!for!the!time!being!attached!to!any!other!class!or! classes!of!Shares!(at!present!there!are!none),!at!meetings!of!Shareholders:!

• (i)! each!Shareholder!entitled!to!vote!may!vote!in!person!or!by!proxy,!attorney!or! representative!(and!a!partly!paid!share!only!has!a!fractional!vote)k!

• (ii)! on!a!show!of!hands,!every!person!present!who!is!a!Shareholder!or!a!proxy,! attorney!or!representative!of!a!Shareholder!has!one!votek!and!

• (iii)! on!a!poll,!every!person!present!who!is!a!Shareholder!or!a!proxy,!attorney!or! representative!of!a!Shareholder!shall,!in!respect!of!each!fully!paid!Share!held!by! him!or!her,!or!in!respect!of!which!he!or!she!is!appointed!a!proxy,!attorney!or! representative,!has!one!vote!for!the!Share.!

• (b)! Rights!on!winding!up!

Subject!to!the!rights!of!holders!of!Shares!with!special!rights!in!a!winding!up!(at!present! there!are!none),!on!a!winding!up!of!the!Company!all!assets!that!may!be!legally!distributed! (by!a!liquidator!with!the!sanction!of!a!special!resolution!of!the!Shareholders)!among! Shareholders!will!be!distributed!in!proportion!to!the!number!of!fully!paid!Shares!held!by! them.!

(c)! Transfer!of!Shares!

Generally,!Shares!in!the!Company!are!freely!transferrable,!subject!to!formal!requirements,! the!registration!of!the!transfer!not!resulting!in!a!contravention!of!or!failure!to!observe!the! provision!of!a!law!of!Australia,!and!the!transfer!not!being!in!breach!of!the!Corporations!Act! or!the!ASX!Listing!Rules.!

• (d)! Future!increases!in!capital!

The!issue!of!Shares!is!under!the!control!of!the!Directors.!!Subject!to!restrictions!on!the! issue!of!Shares!to!Directors!or!their!associates,!the!ASX!Listing!Rules,!the!Constitution! and!the!Corporations!Act,!the!Directors!may!issue!or!otherwise!dispose!of!Shares!on!such! terms!and!conditions!as!they!see!fit.!

(e)! Variation!of!rights!

The!Constitution!provides!that,!if!at!any!time!the!share!capital!of!the!Company!is!divided! into!different!classes!of!shares,!the!rights!attached!to!any!class!(unless!otherwise! provided!by!the!terms!of!the!issue!of!the!shares!of!that!class),!whether!or!not!the! Company!is!being!wound!up,!may!be!varied!or!abrogated!with!the!consent!in!writing!of!the! holders!of!three!quarters!of!the!issued!shares!of!that!class,!or!if!authorised!by!a!special! resolution!passed!at!a!separate!meeting!of!the!holders!of!the!shares!of!that!class.!

(f)! Dividend!rights!

Subject!to!the!rights!of!holders!of!shares!issued!with!special,!preferential!or!qualified! rights,!the!profits!of!the!Company!which!the!Directors!determine!to!distribute!by!way!of! dividend!are!divisible!among!the!holders!of!Shares!in!proportion!to!the!number!of!Shares! held!by!them!(and!a!partly!paid!Share!is!counted!as!a!fraction!of!a!fully!paid!Share,!equal!

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to!the!amount!paid!on!it,!divided!by!the!total!issue!price!of!the!Share!for!the!purposes!of! payment!of!a!dividend).!

• (g)!

General!meetings!

Shareholders!are!entitled!to!be!present!in!person,!or!by!proxy,!attorney!or!representative,! to!attend!and!vote!at!general!meetings!of!the!Company.!!Shareholders!may!requisition! meetings!in!accordance!with!Section!249D!of!the!Corporations!Act!and!the!Constitution.!

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6! Risk!Factors!!

Activities!in!the!Company,!as!in!any!business,!are!subject!to!risks,!which!may!impact!on!the! Company's!future!performance.!

The!Directors!consider!that!the!following!summary,!which!is!not!exhaustive,!represents!some!of! the!specific!risk!factors,!which!investors!need!to!be!aware!of!in!evaluating!the!Company's! business!and!the!risks!of!increasing!their!investment!in!the!Company.!!The!Shares!offered!under! this!Prospectus!are!speculative.!!An!investment!in!the!Company!is!not!risk!free!and!the!Directors! strongly!recommend!potential!investors!to!carefully!consider!the!following!risk!factors!in!addition!to! the!other!information!presented!in!the!Prospectus.!!

The!Directors!recommend!that!Shareholders!and!potential!investors!examine!the!contents!of!this! Prospectus!together!with!previous!ASX!disclosures!and!public!documents!of!the!Company,! including!its!most!recent!audited!financial!statements,!and!rely!on!advice!of!their!professional! advisers!before!deciding!whether!or!not!to!apply!for!Shares!pursuant!to!this!Prospectus.!

• (a)! Specific!risk!factors!

• (i)! Cryptocurrency!related!businesses!

As!announced!in!its!announcements,!the!Company!is!looking!to!issue!tokens!to! investors.!The!Company!notes!the!following!in!relation!to!cryptocurrencycrelated! business!activities:!

• (A)! investment!into!cryptocurrency!related!businesses!are!high!risk!in!nature! as!cryptocurrencies!are!currently!highly!speculativek!

• (B)! cryptocurrency!prices!are!currently!volatilek!and!

• (C)! cryptocurrencycrelated!business!have!a!number!of!other!risk!factors,! including!but!not!limited!to!the!following:!

• (I)! the!development!of!new!regulatory!framework!involving! cryptocurrenciesk!

• (II)! cryptocurrencies,!cryptocurrency!exchanges!and!its!related!topics! of!Initial!Coin!Offerings!(ICO)!have!raised!regulatory!issues! across!multiple!jurisdictions.!A!number!of!regulators!have!issued! guidance!on!the!relevance!of!their!existing!securities!and!financial! services!laws!with!regards!to!ICOs!that!have!underlying! cryptographic!tokens!that!are!securities!or!investment!in!naturek! and!!

• (III)! in!many!countries!cryptocurrencies!are!subject!to!anticmoney! laundering!and!countercterrorism!funding!legislations.!

For!its!cryptocurrencycrelated!business!activities,!the!Company!has!and!will! always!endeavour!to!use!the!best!of!its!ability!to!ensure!that!the!Company!and!its! subsidiaries!comply!with!relevant!local!inccountry!regulatory!requirements.!

(ii)! Intellectual!property!

To!market!and!protect!its!market!position,!it!is!important!for!the!Company!to! protect!the!intellectual!property!in!its!brand!and!the!technology.!Although!the! technology!is!patented,!there!may!be!situations!where!it!cannot!be!protected!or!is! subject!to!unauthorised!disclosure,!infringement,!or!challenge!by!a!third!party.! This!may!require!significant!cost!and!effort!to!defend!or!to!obtain!the!necessary! protections!to!prevent!such!conduct!(as!the!case!may!be).!

There!is!a!risk!that!other!individuals!or!companies!may!claim!to!have!an!interest!in! intellectual!property!used!by!the!Company.!Intellectual!property!or!trade!secrets! may!be!challenged!by!other!parties!and!defending!such!actions!may!adversely! impact!the!Company’s!earnings.!In!addition,!if!the!Company!is!required!to!develop!

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or!support!new!technology!and!intellectual!property,!it!may!require!significant! capital!expenditure!by!the!Company.!

The!Company!will!acquire!trade!secrets!and!other!intellectual!property!rights!that! are!important!assets.!The!Company!may!therefore!rely!on!a!combination!of! confidentiality!and!license!agreements!with!its!consultants!and!third!parties!with! whom!it!has!relationships,!as!well!as!domain!name,!trade!secret,!copyright!and! patent!laws,!to!protect!its!brand!and!other!intellectual!property!rights.!However,! various!events!outside!of!the!Company’s!control!could!pose!a!threat!to!its! intellectual!property!rights,!as!well!as!to!its!products!and!technologies.!!

(iii)! Reliance!on!key!personnel!

The!Company!relies!on!the!experience!and!knowledge!of!its!management!team,! in!particular!John!Houston.!!The!Company!is!also!dependent!on!its!ability!to! recruit!and!retain!suitably!qualified!personnel.!!In!the!event!that!such!key! personnel!left!the!Company!and!it!was!unable!to!recruit!suitable!replacements,! such!loss!could!have!a!materially!adverse!effect!on!the!Company.!

• (iv)! Increased!competition!

The!anticcounterfeit!and!brand!protection!market!is!highly!competitive.!!This! competition!has!intensified!as!a!result!of!improvements!in!technology.!!The! actions!of!an!existing!competitor!or!the!introduction!of!a!new!competitor!in!the! anticcounterfeit!market!may!make!it!difficult!for!the!Company!to!grow!its!revenue,! which!in!turn,!may!have!an!adverse!effect!on!its!profitability.!

If!the!Company's!technology!proves!to!be!less!successful!or!more!costly!than!its! competitors!products,!the!business!of!the!Company!could!be!adversely!affected.!

(v)! Growth!prospects!and!Company!expansion!plans!

The!Company's!growth!prospects!are!dependent!upon!a!number!of!factors,! including,!customer!take!up!and!execution!of!rollout.!There!is!a!risk!that!the! Company!may!encounter!potential!issues!arising!from!operating!in!foreign! jurisdictions,!including!marketing!restrictions,!regulations!regarding!antictheft,!and! protecting!its!intellectual!property.!These!risks!will!vary!in!importance!depending! on!the!countries!the!Company!chooses!to!enter!into.!If!the!Company!fails!to! execute!any!expansion!plan!and!cannot!attract!buyers!for!its!products,!its!financial! performance!is!likely!to!be!negatively!affected.!

• (vi)! Reliance!on!access!to!internet!

The!Company!will!depend!on!the!ability!of!its!users!to!access!the!internet.!Access! is!provided!by!various!classes!of!entities!in!the!broadband!and!internet!access! marketplace.!Should!any!of!these!entities!disrupt,!restrict!or!affect!the!cost!of! access!to!the!Company's!products,!usage!of!the!Company's!products!may!be! negatively!impacted.!

(vii)! Programming!errors!

The!Company's!products!will!contain!complicated!programming!and!its!objectives! are!to!quickly!develop!and!launch!new!and!innovative!products!and!features.!The! Company's!products!may!therefore!contain,!now!or!in!the!future,!errors,!bugs!or! vulnerabilities.!Any!errors,!bugs!or!vulnerabilities!discovered!could!result!in! (amongst!other!consequences)!damage!to!the!Company's!brand,!loss!of! customers,!falls!in!revenues!or!liability!for!damages,!any!of!which!could!adversely! affect!the!Company's!business!and!operating!results.!

(viii)! Liability!risk!

Whilst!the!Company!will!take!precautions!both!legal!and!physical,!the!nature!of! the!Company!business!of!providing!products!and!services!to!the!anticcounterfeit! field,!may!give!rise!in!certain!circumstances!to!potential!legal!action!by!either!

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customers!or!end!users!in!the!areas!of!product!or!public!liability.!!If!legal!action! was!taken!against!the!Company,!it!could!have!a!material!adverse!effect!on!the! financial!performance!of!the!business!and!to!its!reputation!and!brand!name.!

(ix)! Reliance!on!key!supplier!relationships!

The!Company!relies!on!various!key!supplier!relationships!for!certain!parts!of!its! business.!!The!loss!or!impairment!of!any!of!these!relationships!could!have!a! material!adverse!effect!on!the!Company's!results!of!operations,!financial!condition! and!prospects,!at!least!until!alternative!arrangements!can!be!implemented.!!In! some!instances,!however,!alternative!arrangements!may!not!be!available!or!may! be!less!financially!advantageous!than!the!current!arrangements.!

In!particular,!the!Company!relies!on!third!parties!to!provide!intellectual!property! development!and!manufacturing!services.!!Although!there!are!long!term!contracts! in!place!with!stringent!nonccompete!provisions,!the!Company!is!vulnerable!to!any! change!in!output!from!these!suppliers.!!Should!any!of!these!suppliers!significantly! reduce!their!supply!to!the!Company,!this!will!have!an!adverse!effect!of!the!growth! prospects!and!financial!performance!of!the!Company.!

(x)! Product!selection!

An!important!element!of!the!Company's!business!is!an!ability!to!assess!and! identify!products!that!appeal!to!the!Company's!target!market.!!Newer!antic counterfeit!and!brand!protection!technologies!and!products!are!increasing!the! number!of!choices!available!to!customers.!!This!may!make!the!Company's! products!less!attractive!and!any!misjudgements!in!demand!or!changes!in! customer!preferences!could!result!in!reduced!sales,!increase!inventory!and/or! lower!gross!margins.!!In!addition,!existing!products!or!products!in!the!future! developed!by!the!Company!may!experience!performance!problems!rendering! them!difficult!or!impossible!to!sell,!or!subject!to!product!recall!which!could!have!a! material!adverse!impact!on!the!Company's!financial!performance.!

(xi)! Delivery!risk!

Due!to!the!nature!of!the!Company's!product!being!manufactured!in!the!PRC,!the! potential!exists!for!delays!or!cancellations!in!the!delivery!of!products!without!any! practical!recourse!being!available!to!the!Company!to!recover!lost!earnings.!!Any! such!delay!or!cancellation!would!have!an!adverse!impact!on!the!Company's! earnings!and!profits.!

(xii)! Exchange!rates!

The!Company!is!exposed!to!movements!in!foreign!exchange!rates.!!As!the! Company!will!report!financial!earnings!in!Australian!dollars,!and!because!the! Company!does!not!plan!to!hedge!against!movements!in!the!exchange!rate,! significant!fluctuations!in!exchange!rates!may!impact!on!the!Company's!margins! and!earnings!adversely.!

(xiii)! Funding!

While!the!Company!believes!it!will!have!sufficient!funds!after!completion!of!the! Offer!to!meet!all!of!its!growth!and!capital!requirements!for!the!near!term,!the! Company!may!seek!to!exploit!opportunities!of!a!kind!that!will!require!it!to!raise! additional!capital!from!equity!or!debt!sources.!!There!can!be!no!assurance!that! the!Company!will!be!able!to!raise!such!capital!on!favourable!terms!or!at!all.!!If!the! Company!is!unable!to!obtain!such!additional!capital,!it!may!be!required!to!reduce! the!scope!of!its!anticipated!activities,!which!could!adversely!affect!its!business,! financial!condition!and!operating!results.!

(xiv)! Concentration!of!shareholding!!

John!Houston!(or!entities!controlled!by!him)!will!hold!approximately!16.73%!of!all! Shares!of!the!Company!(upon!completion!of!the!Offer!and!assuming!that!the!

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Options!on!issue!are!not!exercised).!!As!a!result,!John!Houston!has!a!significant! influence!over!all!matters!that!require!approval!by!Shareholders,!including!the! election!and!removal!of!Directors!and!approval!of!significant!transactions!(unless! prevented!from!voting!under!the!Corporations!Act!or!ASX!Listing!Rules).!!The! ability!of!other!Shareholders!to!influence!corporate!decisions!of!the!Company!will! therefore!be!reduced.!

(b)! Risks!associated!with!investing!in!the!share!market!

(i)! Share!price!fluctuations!

The!Shares!are!to!be!quoted!on!the!ASX,!where!the!price!may!rise!or!fall!relative! to!the!Offer!Price.!!The!Shares!issued!or!sold!under!this!Prospectus!carry!no! guarantee!in!respect!of!profitability,!dividends,!return!of!capital,!or!the!price!at! which!they!may!trade!on!the!ASX.!!The!value!of!the!Shares!will!be!determined!by! the!share!market!and!will!be!subject!to!a!range!of!factors,!many!or!all!of!which! may!be!beyond!the!control!of!the!Company!and!the!management!team.!

(ii)! Economic!factors!

Changes!in!economic!and!business!conditions!in!Australia!or!internationally!may! affect!the!fundamentals!of!the!Company's!target!markets!or!its!costs!structure!and! profitability.!!Adverse!changes!in!the!level!of!inflation,!interest!rates,!consumer! spending,!and!employment!rates,!are!outside!the!control!of!the!Company!and!the! management!team!and!may!have!an!adverse!effect!on!the!financial!performance! and/or!financial!position!of!the!Company.!

(iii)! Government!regulation!

The!Company!is!exposed!to!changes!in!the!laws!and!regulations!of!the!PRC! initially,!then!other!countries!where!the!Company!will!operate.!!In!future,!laws!may! be!enacted!which!effect!greater!regulation!upon!the!anticcounterfeit!industry!which! may!increase!the!Company's!costs!to!comply!with!the!relevant!government! regulations.!!In!addition,!taxation!legislation!may!change!which!could!impact!the! Company's!profitability.!

(iv)! Taxation!!

Future!changes!to!tax!law!or!changes!to!the!way!in!which!taxation!laws!are! interpreted!in!the!various!jurisdictions!in!which!the!Company!operates!or!makes! underlying!investments!may!correspondingly!impact!the!taxation!liability!of!the! Company!or!the!value!of!its!assets.!!

There!are!tax!implications!arising!from!purchasing!and!selling!Shares,!receiving! distributions!from!the!Company,!and!participation!in!any!oncmarket!Share!buyc backs.!Accordingly,!investors!should!seek!their!own!independent!taxation!advice! before!applying!for!Shares!under!the!Offer.!!

• (v)! Insurance!risks!!

Although!insurance!is!maintained!by!the!Company,!no!assurance!can!be!given! that!adequate!insurance!will!continue!to!be!available!to!the!Company!in!the!future! on!commercially!acceptable!terms.!!

In!addition,!the!Company!may!incur!liabilities!to!third!parties!(in!excess!of!any! insurance!cover!or!statutory!reserves)!arising!from!negative!environmental! impacts!or!other!damages!or!injury.!There!is!a!risk!of!an!occurrence!of!a! significant!event!leading!to!losses!that!are!not!fully!covered!by!insurance.!

(vi)! Other!external!factors:!!

Other!external!factors!that!may!affect!the!value!of!the!Shares!include!(but!are!not! limited!to):!!

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• (A)! changes!in!investor!sentiment!toward!particular!market!sectorsk!!

• (B)! changes!in!interest!rates!and!the!rate!of!inflationk!!

• (C)! the!demand!for,!and!supply!of,!capitalk!!

• (D)! changes!in!exchange!ratesk!!

• (E)! changes!to!accounting!standardsk!and!!

• (F)! the!nature!of!competition!in!the!industries!in!which!the!Company!operates.!

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7! Additional!information!

7.1! Market!price!of!Shares!

The!Company!is!a!disclosing!entity!for!the!purposes!of!the!Corporations!Act!and!its!Shares!are! enhanced!disclosure!securities!quoted!on!ASX.!

The!highest!and!lowest!market!sale!prices!of!the!Company’s!securities!on!the!ASX!during!the! 3!months!immediately!preceding!the!date!of!lodgement!of!this!Prospectus!with!ASIC!and!the!most! recent!date!of!the!respective!sales!were:!

	Price	Date
Highest	$0.020	30January2019
Lowest	$0.011	13February2019
Mostrecent	$0.012	19February2019

7.2! Continuous!disclosure!obligations!

The!Company!is!a!“disclosing!entity”!(as!defined!in!Section!111AC!of!the!Corporations!Act)!for!the! purposes!of!Section!713!of!the!Corporations!Act!and,!as!such,!is!subject!to!regular!reporting!and! disclosure!obligations.!Specifically,!like!all!listed!companies,!the!Company!is!required!to! continuously!disclose!any!information!it!has!to!the!market!which!a!reasonable!person!would! expect!to!have!a!material!effect!on!the!price!or!the!value!of!the!Company’s!securities.!!

This!Prospectus!is!a!“transaction!specific!prospectus”.!In!general!terms!a!“transaction!specific! prospectus”!is!only!required!to!contain!information!in!relation!to!the!effect!of!the!issue!of!securities! on!the!Company!and!the!rights!attaching!to!the!securities.!It!is!not!necessary!to!include!general! information!in!relation!to!all!of!the!assets!and!liabilities,!financial!position,!profits!and!losses!or! prospects!of!the!issuing!company.!

This!Prospectus!is!intended!to!be!read!in!conjunction!with!the!publicly!available!information!in! relation!to!the!Company,!which!has!been!notified!to!the!ASX!and!does!not!include!all!of!the! information!that!would!be!included!in!a!prospectus!for!an!initial!public!offering!of!securities!in!an! entity!that!is!not!already!listed!on!a!stock!exchange.!Investors!should!therefore!have!regard!to!the! other!publicly!available!information!in!relation!to!the!Company!before!making!a!decision!whether! or!not!to!invest.!

Having!taken!such!precautions!and!having!made!such!enquires!as!are!reasonable,!the!Company! believes!that!it!has!complied!with!the!general!and!specific!requirements!of!the!ASX!as!applicable! from!time!to!time!throughout!the!3!months!before!the!issue!of!this!Prospectus!which!required!the! Company!to!notify!the!ASX!of!information!about!specified!events!or!matters!as!they!arise!for!the! purpose!of!the!ASX!making!that!information!available!to!the!stock!market!conducted!by!the!ASX.!

Information!that!is!already!in!the!public!domain!has!not!been!reported!in!this!Prospectus!other! than!that!which!is!considered!necessary!to!make!this!Prospectus!complete.!

The!Company,!as!a!disclosing!entity!under!the!Corporations!Act,!states!that:!

• (a)! it!is!subject!to!regular!reporting!and!disclosure!obligationsk!

• (b)! copies!of!documents!lodged!with!ASIC!in!relation!to!the!Company!(not!being!documents! referred!to!in!Section!1274(2)(a)!of!the!Corporations!Act)!may!be!obtained!from,!or! inspected!at,!the!offices!of!ASICk!and!

• (c)! it!will!provide!a!copy!of!each!of!the!following!documents,!free!of!charge,!to!any!person!on! request!between!the!date!of!issue!of!this!Prospectus!and!the!Closing!Date:!

• (i)! the!annual!financial!report!most!recently!lodged!by!the!Company!with!ASICk!

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• (ii)! any!halfcyear!financial!report!lodged!by!the!Company!with!ASIC!after!the! lodgement!of!the!annual!financial!report!referred!to!in!Section!7.2(c)(i)!and!before! the!lodgement!of!this!Prospectus!with!ASICk!and!

• (iii)! any!continuous!disclosure!documents!given!by!the!Company!to!the!ASX!in! accordance!with!the!ASX!Listing!Rules!as!referred!to!in!Section!674(1)!of!the! Corporations!Act!after!the!lodgement!of!the!annual!financial!report!referred!to!in! Section!7.2(c)(i)!and!before!the!lodgement!of!this!Prospectus!with!ASIC.!

There!is!no!information!which!has!been!excluded!from!a!continuous!disclosure!notice!in! accordance!with!the!ASX!Listing!Rules!that!investors!or!their!professional!advisers:!

• (a)! would!reasonably!require!for!the!purpose!of!making!an!informed!assessment!of:!

• (i)! the!assets!and!liabilities,!financial!position!and!performance,!profits!and!losses! and!prospects!of!the!Companyk!and!

• (ii)! the!rights!and!liabilities!attaching!to!the!Shares!the!subject!of!this!Prospectusk!and!

• (b)! would!reasonably!expect!to!find!in!this!Prospectus.!

7.3! Copies!of!Documents!

Copies!of!all!documents!lodged!with!ASIC!in!relation!to!the!Company!can!be!inspected!at!the! registered!office!of!the!Company!or!an!ASIC!office!during!normal!office!hours.!

The!Company!will!provide!free!of!charge!to!any!person!who!requests!it!during!the!period!of!the! Offer,!a!copy!of:!

• (a)! the!Annual!Report!of!the!Company!for!the!year!ended!31!December!2017!containing!the! financial!statements!of!the!Company!for!the!financial!year!ended!2017,!being!the!last! financial!year!for!which!financial!statements!were!lodged!with!ASIC!in!relation!to!the! Company!on!3!April!2018k!and!

• (b)! the!following!continuous!disclosure!notices!given!by!the!Company!to!notify!the!ASX!of! information!relating!to!the!Company!during!the!period!from!the!date!of!lodgement!of!the! Annual!Report!of!the!Company!referred!to!in!paragraph!(a)!and!before!the!date!of!issue!of! this!Prospectus!are!as!follows:!

Dateofannouncement	Headline
13/02/2019	Capitalraise
11/02/2019	TradingHalt
1/02/2019	Appendix4Ccquarterly
16/01/2019	ChangeofCompanySecretary
11/01/2019	Appendix3B
7/01/2019	FinalisationofBracknorFacility
28/12/2018	InitialDirector'sInterestNotice
19/12/2018	NoncExecutiveDirectorAppointment
18/12/2018	ChinaUpdate
12/12/2018	MaterialContractWin
5/12/2018	Appendix3B

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Dateofannouncement	Headline
4/12/2018	Appendix3B
4/12/2018	InvestorPresentation
3/12/2018	SettlementConvertibleNotes
26/11/2018	VoluntaryEscrowrelease
8/11/2018	Changeinsubstantialholding
7/11/2018	Changeinsubstantialholding
6/11/2018	Changeinsubstantialholding
6/11/2018	Changeinsubstantialholding
5/11/2018	ChangeofDirector'sInterestNotice
1/11/2018	Appendix4Ccquarterly
1/11/2018	Appendix3B
31/10/2018	Appendix3B
31/10/2018	Appendix3B
30/10/2018	ResultsofMeeting
29/10/2018	InvestorPresentation
29/10/2018	Appendix3B
22/10/2018	OperationalStreamliningboostscashandcostefficiency
18/10/2018	FourthCannabisConfirmedclientsignedup
4/10/2018	GlobalWineMajor,Accoladesignsup
3/10/2018	SignificantnewpartnerforYPBChinainFMCGsector
28/09/2018	NoticeofExtraordinaryGeneralMeeting/ProxyForm
19/09/2018	ReleasefromVoluntaryEscrow
10/09/2018	BrandProtectionBoost,newretailantictheftproductsale
7/09/2018	ProtectingGlobalElectronicCosumerGoodsinChina
5/09/2018	Appendix3B
5/09/2018	CleansingProspectus
5/09/2018	MomentumBuildsinAustralianMadeChannel
3/09/2018	Chinasalesrevampbearsfirstfruit,moretofollow
31/08/2018	HalfYearlyReportandAccounts

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c!22!c!

Dateofannouncement	Headline
31/08/2018	3rdCannabisPartnersigns
30/08/2018	CannabisOpportunityGrowsintoRecreationalMarket
29/08/2018	FGF:FGFINVESTSANDSECURESSTRATEGIC PARTNERSINYPBDEAL
29/08/2018	$3.12mraisedfromBlockchainpartnersandequityinvestors
29/08/2018	Appendix3B
29/08/2018	VoluntaryEscrowRelease
27/08/2018	TradingHalt
24/08/2018	WorldLeadingTechnologyBreakthrough
10/08/2018	USmanufacturersigns,2ndCannabisclientinpartnership
01/08/2018	Appendix3B
31/07/2018	Appendix4CandCommentary
30/07/2018	FirstCannabisIndustryClientsignedunderPartnership
26/07/2018	TokenIssuelaunchesAugust2018targetUS$30m
23/07/2018	AgreementwithPakistan'sleadingedibleoilssupplier
17/07/2018	Appendix3B
02/07/2018	Appendix3B
27/06/2018	ExclusiveAgreementwithGlobalCannabisEccommerce Leader
19/06/2018	InauguralAustralianMadeCampaignClientSecured
31/05/2018	ResultsofMeeting
31/05/2018	AGMPresentation
29/05/2018	EscrowRelease
17/05/2018	ResponsetoASXAppendix4CQuery
07/05/2018	ChangeofDirector'sInterestNotice
01/05/2018	Appendix3B
01/05/2018	NoticeofAnnualGeneralMeeting/ProxyForm
01/05/2018	Appendix4CandCommentary
30/04/2018	ReinstatementtoOfficialQuotation
30/04/2018	UpdateonstatusofpossibleTokenSaleEvent

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c!23!c!

Dateofannouncement	Headline
26/04/2018	RequestforSuspension
26/04/2018	SuspensionfromOfficialQuotation
23/04/2018	ResponsetoASXPriceQuery
23/04/2018	TradingHaltRequest
23/04/2018	TradingHalt
12/04/2018	Appendix3B
10/04/2018	UnlistedOptionExpiryNotification
09/04/2018	IntensifiedsalesandmarketingeffortinANZ
03/04/2018	Appendix4G
03/04/2018	CorporateGovernanceStatementc2017
03/04/2018	AnnualReporttoshareholders

The!ASX!maintains!files!containing!publicly!available!information!for!all!listed!companies.!The! Company’s!file!is!available!for!inspection!at!the!ASX!during!normal!office!hours.!

The!announcements!are!also!available!through!the!Company's!website!at!www.ypbsystems.com.! This!includes!copies!of!the!Company's!corporate!governance!policies.!

7.4! Determination!by!ASIC!

ASIC!has!not!made!a!determination!which!would!prevent!the!Company!from!relying!on! Section!713!of!the!Corporations!Act!in!issuing!the!Shares!under!this!Prospectus.!

7.5! Directors'!interests!!

• (a)! Directors'!holdings!

Set!out!in!the!table!below!are!details!of!Directors'!relevant!interests!in!the!securities!of!the! Company!at!the!date!of!this!Prospectus:!

Director	No.ofShares	No.ofOptions
JohnHouston1	152,541,801	22,222,222
GerardEakin	35,358,466	1,000,000
GeorgeSu	5,623,989	Nil
AnooshManzoori	Nil	Nil

1! Note:!John!Houston's!shares!are!held!by!The!Bimm!Corporation!Pty!Ltd!.and!JF!Houston! Pty!Ltd!.!John!Houston!holds!a!relevant!interest!of!16.73%!

• (b)! Director!remuneration!!

In!the!two!years!preceding!lodgement!of!this!prospectus!with!ASIC,!no!person!has!paid!or! agreed!to!pay!any!amount!or!has!given!any!benefit!to!any!Director!to!induce!them!to! become,!or!qualify!as!a!Director!or!for!services!provided!by!the!Director,!in!connection! with:!

• (i)! the!formation!or!promotion!of!the!Companyk!or!

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• (ii)! property!acquired!or!proposed!to!be!acquired!by!the!Company!in!connection!with! its!formation!or!promotion!or!the!Offerk!or!

• (iii)! the!Offer!of!Shares!under!this!Prospectus,!!

except!as!set!out!below!or!elsewhere!in!this!Prospectus.!

The!maximum!aggregate!amount!of!fees!that!can!be!paid!to!NoncExecutive!Directors!is! subject!to!approval!by!Shareholders!at!a!general!meeting!of!Shareholders.!!Total! Directors'!fees!paid!to!all!NoncExecutive!Directors!is!not!to!exceed!$500,000!per!annum.!

Director	Remuneration
JohnHouston(ExecutiveDirector)	$313,000
GerardEakin	$200,000
Su(George)Su	$40,000
AnooshManzoori	$40,000

• (c)! Deeds!of!Access,!Indemnity!and!Insurance!

The!Company!has!entered!into!a!Deed!of!Access,!Indemnity!and!Insurance!with!each!of! its!Directors.!!Under!the!terms!of!these!deeds,!the!Company!indemnifies!each!Director!to! the!extent!permitted!by!the!Corporations!Act!against!any!liability!as!a!result!of!the!Director! acting!as!a!Director!of!the!Company.!The!Company!is!required!under!the!deeds!to! maintain!insurance!policies!for!the!benefit!of!the!relevant!Director!for!the!term!of! appointment!and!for!a!period!of!7!years!after!retirement,!termination!or!resignation! substantially!similar!to!the!policies!existing!at!the!time!of!entering!into!the!deeds,!except!to! the!extent!that!such!insurance!cannot!be!procured!at!a!reasonable!cost!or!is!otherwise! unavailable!to!the!Company.!!The!deeds!also!provide!for!the!Director!to!have!a!right!of! access!to!Board!papers!and!minutes.!

7.6! Directors'!participation!in!the!Offer!

Nothing!in!this!Prospectus!will!be!taken!to!preclude!Directors,!officers!or!employees!of!the! Company!from!applying!for!Shares!under!this!Prospectus.!!

7.7! Interests!of!experts!and!advisers!

Other!than!as!set!out!below!or!elsewhere!in!this!Prospectus,!no!expert,!promoter!or!any!other! person!named!in!this!Prospectus!as!performing!a!function!in!a!professional!advisory!or!other! capacity!in!connection!with!the!preparation!or!distribution!of!the!Prospectus,!nor!any!firm!in!which! any!of!those!persons!is!or!was!a!partner,!nor!any!company!with!which!any!of!those!persons!is!or! was!associated,!has!or!had!within!2!years!before!the!lodgement!of!this!Prospectus!with!ASIC,!any! interest!in:!

• (a)! the!formation!or!promotion!of!the!Companyk!or!

• (b)! property!acquired!or!proposed!to!be!acquired!by!the!Company!in!connection!with!its! formation!or!promotion!or!the!Offerk!or!

• (c)! the!Offer,!

and!no!amounts!have!been!paid!or!agreed!to!be!paid!(in!cash!or!Shares!or!otherwise)!to!any! expert,!promoter!or!any!other!person!named!in!this!Prospectus!as!performing!a!function!in!a! professional!advisory!or!other!capacity!in!connection!with!the!preparation!or!distribution!of!this! Prospectus,!or!to!any!firm!in!which!any!of!those!persons!is!or!was!a!partner,!or!to!any!company! with!which!any!of!those!persons!is!or!was!associated,!for!services!rendered!by!that!person,!or!by! the!firm!or!the!company,!in!connection!with!the!formation!or!promotion!of!the!Company!or!the! Offer.!

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Thomson!Geer!Lawyers!has!acted!as!the!solicitors!to!the!Company!in!relation!to!the!Offer.!The! Company!estimates!it!will!pay!Thomson!Geer!Lawyers!$5,000.00!(excluding!GST!and! disbursements)!for!these!services.!

7.8! Details!of!Substantial!Shareholders!

Based!on!publicly!available!information!as!at!20!February!2019,!the!following!people!have!a! relevant!interest!in!5%!or!more!of!the!Shares!on!issue:!

Holder	Shareholding(%)
TheBimmCorporationPtyLtd	8.81%
MrRonaldLangley	6.09%
JFHoustonHoldingsPtyLtd<TheHouston FamilyA/C	7.92%
MrPaulBisso	5.83%
MrPatrickDoyle	5.83%

7.9! Consents!

The!following!consents!have!been!given!in!accordance!with!the!Corporations!Act!and!have!not! been!withdrawn!as!at!the!date!of!lodgement!of!this!Prospectus!with!ASIC.!

Thomson!Geer!Lawyers!has!given,!and!has!not!withdrawn!its!written!consent!to!being!named!in! this!Prospectus!as!solicitors!to!the!Company.!!Thomson!Geer!Lawyers!has!not!authorised!or! caused!the!issue!of!this!Prospectus!or!the!making!of!the!Offer.!Thomson!Geer!Lawyers!make!no! representation!regarding,!and!to!the!extent!permitted!by!law!exclude!any!responsibility!for,!any! statements!in!or!omissions!from!any!part!of!this!Prospectus.!

7.10! Expenses!of!Offers!

The!total!expenses!of!the!Offer!are!estimated!to!be!approximately!$10,000!(excluding!GST)!and! are!expected!to!be!applied!towards!the!items!set!out!in!the!table!below:!

Item	Amount
ASICandASXfees	$2,500
Legalfees	$5,000
ShareRegistry	$2,500
Total	$10,000

7.11! Litigation!!

As!at!the!date!of!this!Prospectus,!the!Company!is!not!involved!in!any!material!legal!proceedings! and!the!Directors!are!not!aware!of!any!material!legal!proceedings!pending!or!threatened!against! the!Company.!

7.12! Directors’!authorisation!

This!Prospectus!is!issued!by!the!Company!and!its!issue!has!been!authorised!by!a!resolution!of! the!Directors.!

In!accordance!with!Section!720!of!the!Corporations!Act,!each!Director!has!consented!to!the! lodgement!of!this!Prospectus!with!ASIC!and!has!not!withdrawn!that!consent.!

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c!26!c!

Dated!20!February!2019!

Signed!for!and!on!behalf!of!YPB!Group!Limited:!

John!Houston Chairman!

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c!27!c!

8! DEFINITIONS!

$ !means!Australian!dollars.!

AEDT! means!Australian!Eastern!Daylight!Time!as!observed!in!Sydney,!Australia.!

Applicant! means!an!investor!who!applies!for!Shares!pursuant!to!the!Offer.!

Application!Form !means!an!application!form!either!attached!to!or!accompanying!this! Prospectus.!

Application!Monies !means!the!amount!of!money!in!dollars!and!cents!payable!for!Shares!at! $0.01!per!Share!pursuant!to!the!Offer.!

ASIC! means!the!Australian!Securities!and!Investments!Commission.!

ASX! means!ASX!Limited!(ACN!008!624!691)!or!the!stock!market!operated!by!it,!as!the!context! requires.!

ASX!Listing!Rules !means!the!listing!rules!of!the!ASX.!

ASX!Settlement!Operating!Rules !means!the!settlement!rules!of!the!securities!clearing!house! which!operates!CHESS.!

Board! means!the!board!of!Directors!unless!the!context!indicates!otherwise.!

CHESS! means!Clearing!House!Electronic!SubcRegister!System.

Closing!Date !means!22!February!2019!(unless!extended).!

Company !means!YPB!Group!Limited!(ACN!108!649!421).!

Constitution !means!the!constitution!of!the!Company!as!at!the!date!of!this!Prospectus.!

Corporations!Act !means!the! Corporations(Act(2001( (Cth).!

Directors !means!the!directors!of!the!Company!as!at!the!date!of!this!Prospectus.!

Offer !means!the!offer!to!investors!to!be!identified!by!the!Directors!of!1,000!shares!at!an!issue! price!of!$0.01!each!pursuant!to!this!Prospectus!to!raise!$10.!

Offer!Price! means!$0.01!per!Share.!

Official!Quotation !means!official!quotation!on!the!ASX.!

Opening!Date !means!20!February!2019.!

Option !means!an!option!to!acquire!a!Share.!

Placement! is!as!defined!in!section!3.3.

Placement!Securities !is!as!defined!in!section!3.3.!

PRC! or! China !means!the!People's!Republic!of!China.!

Prospectus !means!this!prospectus.!

Securities! means!Shares!or!Options.!

Share !means!a!fully!paid!ordinary!share!in!the!capital!of!the!Company.!

Share!Registry! means!Boardroom!Pty!Limited!

Shareholder !means!a!shareholder!of!the!Company.!

YPBOA!Options! means!the!listed!Options!currently!traded!on!the!ASX!under!the!code!YPBOA.!

Legal/66928236_2!