MINDAX LIMITED — Capital/Financing Update 2021

May 17, 2021

MINDAX LIMITED ACN 106 866 442 SUPPLEMENTARY PROSPECTUS

Benjamin Chow AO Chair 18 May 2021

1. IMPORTANT INFORMATION

This is a supplementary prospectus ( Supplementary Prospectus ) which supplements and is intended to be read with the prospectus dated 13 May 2021 ( Prospectus ) issued by Mindax Limited (ACN 106 866 442) ( Company ).

This Supplementary Prospectus is dated 18 May 2021 and was lodged with the ASIC on that date.

The ASIC, the ASX and their respective officers take no responsibility for the contents of this Supplementary Prospectus.

This Supplementary Prospectus should be read together with the Prospectus. Other than as set out below, all details in relation to the Prospectus remain unchanged. Terms and abbreviations defined in the Prospectus have the same meaning in this Supplementary Prospectus. If there is a conflict between the Prospectus and this Supplementary Prospectus, this Supplementary Prospectus will prevail.

This Supplementary Prospectus will be issued with the Prospectus as an electronic prospectus, copies of which can be downloaded from the website of the Company at www.mindax.com.au.

This is an important document and should be read in its entirety. If you do not understand it, you should consult your professional advisers without delay.

The Directors believe that the changes in this Supplementary Prospectus are not materially adverse from the point of view of an investor. Accordingly, no action needs to be taken if you have already subscribed for new Shares under the Prospectus.

2. PURPOSE OF THIS DOCUMENT

The purpose of this Supplementary Prospectus is to provide additional information to investors as set out in section 3 below.

3. UPDATE ON PROSPECTUS

3.1 Timetable

As set out in Section 2.1 of the Prospectus, the Directors have resolved to extend the Closing Date of the Prospectus. Accordingly, the timetable in Section 2.1 is amended as follows:

Action	Date
Closing Date*	28 May 2021
Expected date of Official Quotation of the Shares	1 June 2021

• The Directors reserve the right to bring forward or extend the Closing Date at any time after the Opening Date without notice. As such, the date the Shares are expected to commence trading on ASX may vary with any change in the Closing Date.

This Supplementary Prospectus dated 18 May 2021 is intended to be read together with the Prospectus issued by Mindax Limited (ACN 106 866 442) dated 13 May 2021.

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3.2 Effect of the Offer on capital structure

Section 4.2 of the Prospectus is replaced with the following:

The effect of the Offer on the Company’s capital structure is set out below.

Shares1	Number
Shares currently on issue	1,704,933,775
Shares offered under this Prospectus	1,000
Shares issued to Zelong Zeng or his nominees2	100,000,000
Shares to be issued to Zelong Zeng or his nominees3	68,000,000
Total Shares on issue on completion of the Offer4	1,872,934,775

Notes:

1. The rights and liabilities attaching to the Shares are summarised in Section 5 of the Prospectus.

2. On 17 May 2021, the Company issued 100,000,000 Shares, being 50,000,000 Shares to Jianchun Yang, 30,000,000 Shares to Zelong Zeng and 20,000,000 Shares to Meilian Zeng in accordance with the announcement made to ASX on 10 May 2021.

3. In addition to the Shares referred to in note 2 above, the Company intends to issue a further 68,000,000 Shares to Zelong Zeng or his nominees in accordance with the announcement made to ASX on 10 May 2021. In addition to these Shares, the Company is obligated to issue a further 32,000,000 Shares, subject to the approval of the Company’s Shareholders. The Company intends to convene this meeting of shareholders in June 2021.

4. This assumes the Offer is fully subscribed.

4. CONSENTS

The Company confirms that as at the date of this Supplementary Prospectus, each of the parties that have been named as having consented to being named in the Prospectus have not withdrawn that consent.

5. DIRECTORS’ AUTHORISATION

This Supplementary 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 Supplementary Prospectus with the ASIC.

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Benjamin Chow AO Chair For and on behalf of Mindax Limited

This Supplementary Prospectus dated 18 May 2021 is intended to be read together with the Prospectus issued by Mindax Limited (ACN 106 866 442) dated 13 May 2021.

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