Ann: Response to ASX Query, page-4

1. Under s.249D shareholders (at least 100, or 1 or more providing he/they hold at least 5% of the votes) should request in writing that the directors call an EGM – which would be at the company's cost (ie, printing/postage, etc).

In this circumstance the directors must call the EGM within 21 days after the request is received, and such meeting must be held within 2 months after the request.


ACA partner currently hold 9.47% of the shares, they can easily call an EGM to remove the CEO jiameng zhang, should they wish.

Jiameng currently hold 177 mil shares out of 434 mil, even if he can muster 35 mil shares support from the distributors. He will still only manage to get 49% of the votes... it will be a very tight race.