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ORCODA LIMITED Capital/Financing Update 2015

May 17, 2015

65482_rns_2015-05-17_33fab59c-99f1-4402-a22d-aa4b4d96fac5.pdf

Capital/Financing Update

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Rights Issue Update

for every two (2) new shares allotted.

The Company attaches copies of the following two letters sent today in relation to the Offer:

  • provided this remains the case as at the record date of 21 May 2015, will be entitled to participate in the Offer; and

  • provided this remains the case as at the record date of 21 May 2015, will not be entitled to participate in the Offer.

The attached Appendix 3B contains information about the Offer.

– ENDS –

Further information please contact: About SmartTrans Bryan Carr SmartTrans Holdings Limited (ASX: SMA) is a leading Australian technology and software provider that Managing Director has developed a mobile and online billing and payment platform for the China market. The company has agreements in place with China Mobile, China Unicom, China Telecom CMPay, UnionPay and Alipay. With AUST: +61 412 111 968 the growing use of the smartphone as a billing device in China, the company is experiencing significant CHINA: +86 138 1188 8401 uptake of its technology in that market. SmartTrans has also developed cutting-edge proprietary logistics software which is used by some of Australia’s leading blue-chip organisations who have long term Media inquiries to: Ben Jarvis, contracts in place with the company. SmartTrans is assessing growth opportunities for its logistic offering in China to complement its mobile and online payments platform.

Media inquiries to: Ben Jarvis, Six Degrees Investor Relations: +61 413 150 448

http://www.twitter.com/SmartTrans_SMA http://www.smarttransholdings.com

SmartTrans Holdings Limited ABN 86 009 065 650

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18 May 2015

T 000001 000 SMA MR SAM SAMPLE FLAT 123 123 SAMPLE STREET THE SAMPLE HILL SAMPLE ESTATE SAMPLEVILLE VIC 3030

Dear Shareholder

SmartTrans Holdings Limited ACN 009 065 650 - non-renounceable rights issue - notice to security holders

SmartTrans Holdings Limited ( SmartTrans ) is pleased to have announced on 12 May 2015 a non-renounceable rights issue to eligible shareholders, on the basis of 1 new fully paid ordinary shares for every 7 shares held, at an issue price of $0.02 per share ( New Shares ), with the issue of 1 attaching new option for every 2 New Shares allotted ( New Option ), to raise approximately $5,509,095, based on SmartTrans’ undiluted share capital ( Rights Issue ). The New Options will be exercisable at $0.035 per Share and expire 24 months after their issue.

Assuming no existing options on issue in the Company are exercised, approximately 275,454,757 fully paid ordinary shares will be offered under the Rights Issue.

The Rights Issue is fully underwritten by Triple C Consulting Pty Ltd.

The Rights Issue will be available to all registered shareholders who hold shares on 21 May 2015 ( Record Date ) with registered addresses in Australia, New Zealand, Hong Kong or the Philippines ( Eligible Shareholders ).

In accordance with the Listing Rules of the ASX, SmartTrans has considered the number of shareholders with registered addresses in various jurisdictions outside of Australia, New Zealand, Hong Kong and the Philippines and the size of the shareholdings held by those shareholders. Taking this into consideration, as well as the costs of complying with the legal requirements and the requirements of the regulatory authorities relating to the shareholders with registered addresses in various jurisdictions outside of Australia, New Zealand, Hong Kong and the Philippines, the Company has formed the view that it is unreasonable to extend the Rights Issue to those shareholders. Accordingly, shareholders outside of Australia, New Zealand, Hong Kong and the Philippines, including shareholders in the United States, will not be entitled to participate in the Rights Issue.

The purpose of the Rights Issue is to raise approximately $5,509,095, including the costs of the Rights Issue. The funds raised from the Rights Issue will be used to fund increased marketing of the Company’s products and services in China and Australia to fast track growth, fund the costs of the Rights Issue and to provide working capital.

The proposed timetable for the Rights Issue is set out in the table below:

Event Date
Announcement of Rights Issue
Appendix 3B lodged with ASX
12 May 2015
Prospectus lodged with ASX 15 May 2015
Notice of Rights Issue sent to option holders 15 May 2015
Notice of Rights Issue sent to shareholders 18 May 2015

Samples/000001/000001/i12

Event Date
Shares commence trading on an ex rights basis 19 May 2015
Record Date for the Rights Issue (7:00pm Perth time) 21 May 2015
Despatch Prospectus to shareholders 26 May 2015
Opening date of Rights Issue (9:00am Perth time) 26 May 2015
Closing date of Rights Issue (5:00pm Perth time) 16 June 2015
Shares commence trading on deferred settlement basis 17 June 2015
Advise ASX of any shortfall 19 June 2015
Allotment of New Shares under Rights Issue 23 June 2015
Despatch of holding statements for New Shares and deferred settlement
trading ends
24 June 2015

This timetable is indicative only and may be subject to change subject to the requirements of the Corporations Act 2001 (Cth) ( Corporations Act ) and the ASX Listing Rules.

The Rights Issue is being made in accordance with a prospectus issued under section 713 of the Corporations Act. SmartTrans will send a prospectus to shareholders on 26 May 2015, as set out in the timetable above. The prospectus has been lodged with ASIC and ASX on 15 May 2015 and is available on the Company’s website www.smarttrans.com.au and the ASX website.

Further information

The Company anticipates that, approximately 275,454,757 New Shares will be issued (this number may have to be increased by a further 3,285,715 New Shares if all existing option holders exercise their options prior to the Record Date). The New Shares will be issued for $0.02 each.

Upon completion of the Rights Issue, and assuming it is fully subscribed and that existing option holders do not exercise their options, the issued capital of SmartTrans will comprise approximately 2,203,638,056 shares and 165,727,379 unlisted options exercisable at prices ranging from $0.02 to $0.04 each with expiry dates ranging from 9 September 2016 to 11 May 2018.

The New Shares will rank equally in all respects with SmartTrans’s existing shares. If an eligible shareholder's entitlement results in a fraction of a New Share, the shareholder's entitlement will be rounded up to the nearest whole number. There will be no change to the dividend policy of the Company as a result of the Rights Issue.

Trading in the New Shares is expected to commence on 24 June 2015, the expected date for dispatch of the holding statements for the New Shares.

An Appendix 3B applying for quotation of the New Shares was lodged with ASX on 12 May 2015. As stated in that Appendix 3B, the Company has not sought nor obtained approval under ASX Listing Rule 7.1, which is not required.

SmartTrans encourages all eligible shareholders to participate in the capital raising.

Yours faithfully

Dr Geoffrey W Raby Chairman SmartTrans Holdings Limited

Page 1 of 2

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18 May 2015

MR SAM SAMPLE FLAT 123 123 SAMPLE STREET THE SAMPLE HILL SAMPLE ESTATE SAMPLEVILLE VIC 3030

Dear Shareholder

SmartTrans Holdings Limited ACN 009 065 650 - non-renounceable rights issue

On 12 May 2015, SmartTrans Holdings Limited ( SmartTrans or the Company ) announced a non-renounceable rights issue to eligible shareholders, on the basis of 1 new fully paid ordinary share for every 7 shares held at an issue price of $0.02 per share ( New Share ), with the issue of 1 attaching new option for every 2 New Shares allotted ( New Option ), to raise approximately $5,509,095 before costs ( Rights Issue ). Each New Option is exercisable at $0.035 per share and expires 24 months after issue.

The Rights Issue is fully underwritten by Triple C Consulting Pty Ltd.

The purpose of the Rights Issue is to raise approximately $5,509,095 for the Company to:

  • fund increased marketing in China and Australia of the Company's products and services to fast track growth;

  • cover the costs of the Rights Issue; and

  • provide working capital.

A Prospectus in relation to the Rights Issue was lodged with the Australian Securities & Investments Commission ( ASIC ) and Australian Securities Exchange ( ASX ) on 15 May 2015 and is available on the ASX website and also on the Company website at www.smarttrans.com.au.

The proposed timetable for the Rights Issue is set out in the table below:

Event Date
Announcement of Rights Issue.
Appendix 3B lodged with ASX
12 May 2015
Prospectus lodged with ASIC and ASX 15 May 2015
Notice of Rights Issue sent to option holders 15 May 2015
Notice of Rights Issue sent to shareholders 18 May 2015
Shares commence trading on an ex rights basis 19 May 2015
Record Date for the Rights Issue (7:00pm Perth time) 21 May 2015
Despatch Prospectus to shareholders 26 May 2015
Opening date of Rights Issue (9:00am Perth time) 26 May 2015
Closing date of Rights Issue (5:00pm Perth time) 16 June 2015

Page 2 of 2

Event Date
Shares commence trading on deferred settlement basis 17 June 2015
Advise ASX of any shortfall 19 June 2015
Allotment of New Shares under Rights Issue 23 June 2015
Despatch of holding statements for New Shares and deferred
settlement trading ends
24 June 2015
Normal trading of New Shares on ASX begins 24 June 2015

This timetable is indicative only and may be subject to change subject to the requirements of the Corporations Act and the ASX Listing Rules.

In accordance with the ASX Listing Rules, SmartTrans has considered the number of shareholders with registered addresses outside of Australia, New Zealand, Hong Kong and the Philippines, the number and value of the shares held by those shareholders, and the number and value of New Shares those shareholders would be offered pursuant to the Rights Issue. Taking this into consideration, as well as taking into consideration the costs of complying with the legal requirements and the requirements of the regulatory authorities of those relevant jurisdictions outside of Australia, New Zealand, Hong Kong and the Philippines, SmartTrans believes it to be unreasonable to extend the Rights Issue to all shareholders. Accordingly, the offer pursuant to the Rights Issue will only be extended to those who are SmartTrans shareholders as at 7.00pm (Perth time) on 21 May 2015, and who have registered addresses in Australia, New Zealand, Hong Kong and the Philippines. Entitlements to New Shares pursuant to the Rights Issue are non-renounceable and accordingly will not be traded on the ASX.

As you are a shareholder with a registered address outside of Australia, New Zealand, Hong Kong and the Philippines, the offer pursuant to the Rights Issue will not be extended to you.

Please contact Mr David Thomson on +61 3 9866 7333 if you have any queries regarding the Rights Issue or your eligibility to participate in the Rights Issue.

Yours faithfully

Dr Geoffrey W Raby

Chairman SmartTrans Holdings Limited

  • See chapter 19 for defined terms.

Appendix 3B Page 3

04/03/2013

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

SmartTrans Holdings Limited

ABN

86 009 065 650

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1
+Class of+securities issued or to
be issued
2
Number of+securities issued or
to be issued (if known) or
maximum number which may be
issued
3
Principal terms of the+securities
(e.g. if options, exercise price and
expiry
date;
if
partly
paid
+securities,
the
amount
outstanding and due dates for
payment;
if
+convertible
securities, the conversion price
and dates for conversion)
Fully paid ordinary shares and new attaching
unlisted options to acquire ordinary fully
paid shares pursuant to a rights issue
Up to 275,454,757 ordinary shares and up to
137,727,379 new attaching options are to be
issued (“Attaching Options”)
The terms of the ordinary shares are as per
existing ordinary fully paid shares already
quoted.
The terms of the Attaching Options are:
Exercise price: $0.035
Expiry date: 24 months after issue date
  • See chapter 19 for defined terms.

Appendix 3B Page 4

04/03/2013

4
Do the+securities rank equally in
all respects from the+issue date
with an existing+class of quoted
+securities?
If the additional+securities do
not rank equally, please state:
 the date from which they do
 the extent to which they
participate
for
the
next
dividend, (in the case of a
trust, distribution) or interest
payment
 the extent to which they do
not rank equally, other than
in
relation
to
the
next
dividend,
distribution
or
interest payment
5
Issue price or consideration
6
Purpose of the issue
(If issued as consideration for the
acquisition of assets, clearly
identify those assets)
6a
Is the entity an+eligible entity
that has obtained security holder
approval under rule 7.1A?
If Yes, complete sections 6b – 6h
in relation to the+securities the
subject of this Appendix 3B, and
comply with section 6i
6b
The date the security holder
resolution under rule 7.1A was
passed
6c
Number of+securities issued
without security holder approval
under rule 7.1
6d
Number of+securities issued
with security holder approval
under rule 7.1A
The shares rank equally with existing fully
paid ordinary shares on issue.
Ordinary fully paid shares issued to option-
holders on exercise of the Attaching Options
will rank equally with the existing fully paid
shares from the date of allotment.
$0.02 per share and nil for the Attaching
Options
The rights issue funds will be used for
expenditure for marketing and sales of the
Company’s products and services in China
and Australia, the costs of the rights issue and
to provide working capital.
No.
Not applicable.
Not applicable.
Not applicable.
  • See chapter 19 for defined terms.

Appendix 3B Page 5

04/03/2013

6e
Number of+securities issued
with security holder approval
under rule 7.3, or another
specific security holder approval
(specify date of meeting)
6f
Number of+securities issued
under an exception in rule 7.2
6g
If+securities issued under rule
7.1A, was issue price at least 75%
of 15 day VWAP as calculated
under rule 7.1A.3? Include the
+issue date and both values.
Include the source of the VWAP
calculation.
6h
If+securities were issued under
rule
7.1A
for
non-cash
consideration, state date on
which valuation of consideration
was released to ASX Market
Announcements
6i
Calculate the entity’s remaining
issue capacity under rule 7.1 and
rule 7.1A – complete Annexure 1
and release to ASX Market
Announcements
7
+Issue dates
Note: The issue date may be prescribed by ASX
(refer to the definition of issue date in rule
19.12). For example, the issue date for a pro rata
entitlement issue must comply with the
applicable timetable in Appendix 7A.
Cross reference: item 33 of Appendix 3B.
8
Number
and
+class
of
all
+securities
quoted
on
ASX
(_including_the
+securities in
section 2 if applicable)
Not applicable. Not applicable.
Not applicable.

Not applicable.
Not applicable.
Not applicable.
On or about 23 June 2015
Number +Class
2,203,638,056 Fully paid ordinary
shares
  • See chapter 19 for defined terms.

Appendix 3B Page 6

04/03/2013

9
Number
and
+class
of
all
+securities not quoted on ASX
(_including_the
+securities in
section 2 if applicable)
10
Dividend policy (in the case of a
trust, distribution policy) on the
increased capital (interests)
Number +Class
10,000,000
10,000,000
1,500,000
1,500,000
137,727,379
Unlisted
Options
exercisable at $0.03
on
or
before
9
September 2016
Unlisted
Options
exercisable at $0.04
on
or
before
9
September 2016
Unlisted
Options
exercisable at $0.02
on or before 11 May
2017
Unlisted
Options
exercisable at $0.03
on or before 11 May
2018
Unlisted
Options
exercisable at $0.035
on or before 23 June
2017
No change

Part 2 - Pro rata issue

art 2 - Pro rata issue
11
Is
security
holder
approval
required?
12
Is the issue renounceable or non-
renounceable?
13
Ratio in which the+securities will
be offered
14
+Class of+securities to which the
offer relates
15
+Record
date
to
determine
entitlements
No
Non- renounceable
1:7 (and 1 new attaching option for every 2
shares allotted)
Ordinary Shares
21 May 2015
  • See chapter 19 for defined terms.

Appendix 3B Page 7

04/03/2013

16
Will
holdings
on
different
registers (or subregisters) be
aggregated
for
calculating
entitlements?
17
Policy for deciding entitlements
in relation to fractions
18
Names of countries in which the
entity has security holders who
will not be sent new offer
documents
Note: Security holders must be told how their
entitlements are to be dealt with.
Cross reference: rule 7.7.
19
Closing
date
for
receipt
of
acceptances or renunciations
Yes
Fractional entitlements will be rounded up
to the nearest whole number.
USA, China, Germany, Switzerland, United
Arab Emirates, Brunei Darussalam, Canada
France, United Kingdom, India, Malaysia,
Panama, Singapore, Turkey, Vanuatu
16 June 2015
  • See chapter 19 for defined terms.

Appendix 3B Page 8

04/03/2013

20
Names of any underwriters
21
Amount of any underwriting fee
or commission
22
Names of any brokers to the issue
23
Fee or commission payable to the
broker to the issue
24
Amount of any handling fee
payable to brokers who lodge
acceptances or renunciations on
behalf of security holders
25
If the issue is contingent on
security holders’ approval, the
date of the meeting
26
Date entitlement and acceptance
form and offer documents will be
sent to persons entitled
27
If the entity has issued options,
and the terms entitle option
holders to participate on exercise,
the date on which notices will be
sent to option holders
28
Date rights trading will begin (if
applicable)
29
Date rights trading will end (if
applicable)
Triple C Consulting Pty Ltd
(1)
Management fee of 1% of the
underwritten
amount
for
managing the offer;
(2)
Equity raising fee of 5% of the
underwritten
amount
for
underwriting the offer; and
(3)
Issue
of
5,000,000
unlisted
‘success’
options
for
ordinary
shares in the Company, exercisable
at $0.035 per Option with an expiry
date of 24 months from the date of
issue.
Triple C Consulting Pty Ltd
Not applicable.
No handling fees are payable.
Not applicable.
26 May 2015
15 May 2015
Not applicable.
Not applicable.
  • See chapter 19 for defined terms.

Appendix 3B Page 9

04/03/2013

  • 30 How do security holders sell their Not applicable. entitlements in full through a broker?

  • 31 How do security holders sell part Not applicable. of their entitlements through a broker and accept for the balance?

  • See chapter 19 for defined terms.

Appendix 3B Page 10

04/03/2013

  • 32 How do security holders dispose of their entitlements (except by sale through a broker)?

Not applicable.

  • 33 +Issue date

23 June 2015

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

  • 34 Type of[+] securities ( tick one )

  • (a) +Securities described in Part 1

  • (b)[All other ][+][securities ]

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35 If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional[+] securities, and the number and percentage of additional[+] securities held by those holders

  • 36 If the[+] securities are[+] equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000

  • 1,001 - 5,000

5,001 - 10,000

  • 10,001 - 100,000 100,001 and over

  • 37 A copy of any trust deed for the additional[+] securities

  • See chapter 19 for defined terms.

Appendix 3B Page 11

04/03/2013

Entities that have ticked box 34(b)

38
Number of+securities for which
+quotation is sought
39
+Class of+securities for which
quotation is sought
40
Do the+securities rank equally in
all respects from the+issue date
with an existing+class of quoted
+securities?
If the additional+securities do not
rank equally, please state:
 the date from which they do
 the extent to which they
participate
for
the
next
dividend, (in the case of a trust,
distribution)
or
interest
payment
 the extent to which they do not
rank equally, other than in
relation to the next dividend,
distribution
or
interest
payment
41
Reason for request for quotation
now
Example: In the case of restricted securities, end
of restriction period
(if issued upon conversion of
another+security, clearly identify
that other+security)
42
Number
and
+class
of
all
+securities
quoted
on
ASX
(_including_the+securities in clause
38)
Number +Class
  • See chapter 19 for defined terms.

Appendix 3B Page 12

04/03/2013

Quotation agreement

  • 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

  • 2 We warrant the following to ASX.

  • The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

  • There is no reason why those[+] securities should not be granted +quotation.

  • An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

  • Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

  • If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

  • 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

  • 4 We give ASX the information and documents required by this form. If any information or document is not available now, we will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: ............................................................ Date: ......................... (Director/Company secretary)

Print name:

.........................................................

== == == == ==

  • See chapter 19 for defined terms.

Appendix 3B Page 13

04/03/2013

Appendix 3B – Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for eligible entities

Introduced 01/08/12 Amended 04/03/13

Part 1

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----- Start of picture text -----

Rule 7.1 – Issues exceeding 15% of capital
Step 1: Calculate “A”, the base figure from which the placement
capacity is calculated
Insert number of fully paid [+] ordinary
securities on issue 12 months before the
+ issue date or date of agreement to issue
Add the following:
• Number of fully paid [+] ordinary
securities issued in that 12 month
period under an exception in rule 7.2
• Number of fully paid [+] ordinary
securities issued in that 12 month
period with shareholder approval
• Number of partly paid [+] ordinary
securities that became fully paid in that
12 month period
Note:
• Include only ordinary securities here –
other classes of equity securities
cannot be added
• Include here (if applicable) the
securities the subject of the Appendix
3B to which this form is annexed
• It may be useful to set out issues of
securities on different dates as
separate line items
Subtract the number of fully paid
+ ordinary securities cancelled during that
12 month period
“A”
----- End of picture text -----

  • See chapter 19 for defined terms.

Appendix 3B Page 14

04/03/2013

Step 2: Calculate 15% of “A”

“B” 0.15 [Note: this value cannot be changed] Multiply “A” by 0.15

Step 3: Calculate “C”, the amount of placement capacity under rule 7.1 that has already been used

  • Insert number of[+] equity securities issued or agreed to be issued in that 12 month period not counting those issued: • Under an exception in rule 7.2 • Under rule 7.1A • With security holder approval under rule 7.1 or rule 7.4

  • Note: • This applies to equity securities, unless specifically excluded – not just ordinary securities

  • • Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed

  • • It may be useful to set out issues of securities on different dates as separate line items

  • “C”

Step 4: Subtract “C” from [“A” x “B”] to calculate remaining placement capacity under rule 7.1

“A” x 0.15 Note: number must be same as shown in Step 2 Subtract “C” Note: number must be same as shown in Step 3 Total [“A” x 0.15] – “C” [Note: this is the remaining placement capacity under rule 7.1]

  • See chapter 19 for defined terms.

Appendix 3B Page 15

04/03/2013

Part 2

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----- Start of picture text -----

Rule 7.1A – Additional placement capacity for eligible entities
Step 1: Calculate “A”, the base figure from which the placement
capacity is calculated
“A”
Note: number must be same as shown in
Step 1 of Part 1
Step 2: Calculate 10% of “A”
“D” 0.10
Note: this value cannot be changed
Multiply “A” by 0.10
Step 3: Calculate “E”, the amount of placement capacity under rule
7.1A that has already been used
Insert number of [+] equity securities issued
or agreed to be issued in that 12 month
period under rule 7.1A
Notes:
• This applies to equity securities – not
just ordinary securities
• Include here – if applicable – the
securities the subject of the Appendix
3B to which this form is annexed
• Do not include equity securities issued
under rule 7.1 (they must be dealt with
in Part 1), or for which specific security
holder approval has been obtained
• It may be useful to set out issues of
securities on different dates as separate
line items
“E”
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----- Start of picture text -----

Beijing
----- End of picture text -----

Sydney Suite 37 401 Pacific Highway ARTARMON NSW 2064 Ph: (02) 9660 4564

Melbourne

Level 1 10 Queens Road MELBOURNE VIC 3004 Ph: (03) 9866 7333

101, Building 22, Courtyard 4 Gongti Bei Lu Chaoyang District BEIJING CBD, 100027 Ph: +86 (10) 6500 0910

Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A

“A” x 0.10 Note: number must be same as shown in Step 2 Subtract “E” Note: number must be same as shown in Step 3 Total [“A” x 0.10] – “E” Note: this is the remaining placement capacity under rule 7.1A

Melbourne Sydney Beijing Level 1 Suite 37 101, Building 22, 10 Queens Road 401 Pacific Highway Courtyard 4 Gongti Bei Lu MELBOURNE ARTARMON Chaoyang District VIC 3004 NSW 2064 BEIJING CBD, 100027 Ph: (03) 9866 7333 Ph: (02) 9660 4564 Ph: +86 (10) 6500 0910