Ann: Corporate Governance Review & Corporate Governance Plan, page-55

Hey XPD'ers,

Below is the text of a letter I wrote to the ASX and I think it would be useful if a few more of us corresponded with the ASX to press our case. This is becoming a bit of a joke!

20 August 2018

Ms Luxmy Wigneswaran
Principal Adviser Listings Compliance (Sydney)
ASX Limited
20 Bridge Street
Sydney, NSW 2000

Dear Ms Wigneswaran,

RE: XPD Soccer Gear Group Ltd

I as a shareholder of XPD, I write to express my concern at what appears to be an over-zealous application of the ASX listing rules.

As you would be aware XPD Directors Messrs Lill and Sheather have stepped into a very difficult situation with the very best of intentions, namely to preserve value for shareholders; in what is essentially a profitable business. Unfortunately cultural differences and communication problems have made this task extremely time consuming and difficult. I am told the Chinese CEO is committed to the relisting of XPD but I fear his resolve may be tested by what appears to an unending number of queries from the ASX.

I appreciate the ASX has a duty of care to protect future investors; however they also have an obligation to preserve the investment of existing shareholders wherever this is possible. XPD as a company are trying desperately to get their house in order and I would kindly ask you to be understanding in the situation.

Kind regards