Half year results

Results for announcement to the market
Name of issuer RTO Limited
Reporting Period 6 months to 30 September 2024
Previous Reporting Period 6 months to 30 September 2023
Currency NZD

Amount
(000s)
Percentage change
Revenue from continuing operations $307 3017.1%
Total Revenue $307 3017.1%
Net profit/(loss) from continuing operations $152 221.8%
Total net profit/(loss) $152 221.8%
Interim/Final Dividend
Amount per Quoted Equity Security It is not proposed to pay a dividend
Imputed amount per Quoted Equity Security Not applicable
Record Date Not applicable
Dividend Payment Date Not applicable
Current period
Prior comparable
period
Net tangible assets per Quoted Equity Security
$
0.0568
$
0.0004
A brief explanation of any of the figures above
necessary to enable the figures to be understood
This announcement is extracted from RTO
Limited’s unaudited interim financial
statements for the six month ended 30
September 2024. A copy of these
unaudited interim financial statements is
attached to this announcement.
Authority for this announcement
Name of person authorised to make this
announcement
Sean Joyce
Contact person for this announcement Sean Joyce
Contact phone number 021 865 704
Contact email address sean@corporate-counsel.co.nz
Date of release through MAP 28/11/2024

---

1


RTO Limited

Interim Financial Result
For the 6 months ended 30 September 2024








CONTENTS

Page

Chairman’s Report 2
Interim Consolidated Statement of Comprehensive Income 3
Interim Consolidated Statement of Changes in Equity 4
Interim Consolidated Statement of Financial Position 5
Interim Consolidated Statement of Cash Flows 6
Reconciliation of Net Operating Cash Flows to Net Loss After Tax 7
Condensed Notes to the Interim Financial Statements 8
Company Directory 15

CHAIRMAN’S REPORT
RTO LIMITED
For the six months ended 30 September 2024
2
28 November 2024
Dear Shareholder,
Activities during the period 1 April 2024 to 30 September 2024
During the period commencing 1 April 2024 and ending 30 September:
• the Company did not undertake any business activities.
• The Board was actively engaged in seeking to identify a potential business to acquire as part of a reverse
Takeover transaction (RTO).
Change of Director
• Mr Michael Chai resigned as a director of the Company with effect from 22 April 2024. As a consequence,
his alternate director Steve Chua also ceased to hold office on 22 April 2024.
Change of Name and Ticker Code
• The Company changed the name of the Company to “RTO Limited” and the Company’s ticker code from
“BGI” to “RTO”.
Restructure of Secured Bonds
• At 31 March 2024, the Company’s major shareholder, Blackwell Global Group Limited (“Shareholder”) held
Secured Bonds issued by the Company for the sum of $550,000. At the request of the independent
directors:
- the Shareholder agreed to forgive the repayment of $200,000 of those Secured Bonds with effect on
24 April 2024.
- The Shareholder agreed to forgive the repayment of a further $100,000 of the Secured Bonds with
effect from 26 August 2024.
- The Shareholder capitalised the remaining balance of $250,000 of the Secured Bonds into
62,500,000 new ordinary fully paid shares.
• The liability of the Company under the Secured Bonds has now been extinguished in full.
• The funds realised through the forgiveness of the liability under the Secured Bonds, together with the
additional free cash held by the Company, will be deployed by the Board towards:
- the payment of the Company’s ongoing compliance and administrative costs.
- investigating a reverse takeover transaction. Any reverse takeover transaction will have the effect of
diluting down the Shareholder’s shareholding interest, and Mr Chai’s personal shareholding interest
in the Company significantly.
Consolidation
• On 30 August 2024, the Company completed a share consolidation whereby each 73.6259 shares on
issue were consolidated into one ordinary share in the Company. This consolidation resulted in the total
number of shares on issue in the Company being reduced to 10,000,026.

CHAIRMAN’S REPORT
RTO LIMITED
For the six months ended 30 September 2024
3
Going Forward
The Board continues to actively looking to identify a suitable business opportunity to invest in and/or acquire
through a reverse takeover transaction (RTO). Discussions have been had with several potential acquisition
targets to date, but none of those discussions have developed into a tangible transaction to date.
What is an RTO?
An RTO is a transaction structured such that the Company would acquire 100% of the business assets, or the
shares in the company that owns the business assets, in consideration for the payment of cash and/or the issue
of new shares in the Company, to the vendors, to fund the acquisition.
The new business acquired would then effectively become a subsidiary of the Company (the listed company),
trading on the NZX Main Board. The stakeholders in the business acquired, would ultimately become
shareholders in the Company as part of the RTO, and would have representation at the Board level as
appropriate.
In conjunction with the RTO process, the Company would seek to raise additional growth capital to assist in
funding the future growth of the business.
Investment Criteria
The Board is focusing on business opportunities that satisfy one or more of the following investment criteria:
• The business has excellent personnel and management.
• The business operates in an attractive and positive business sector.
• The business has a robust business model.
• The business has solid historical earnings, or alternatively has a sound business platform from which to
implement its business plan and generate strong earnings in the future.
• The business owns proprietary intellectual property.
• The business has potential to grow organically, via acquisition, or through the further investment in capital
plant.
• The business has the potential to scale internationally.
• The business would benefit from being able to raise additional capital on the market.
The Board continues to investigate all credible investment opportunities that may present themselves and are
hopefully of having a transaction underway during the course of this calendar year.
Yours sincerely


Sean Joyce
Chairman
28 November 2024

Interim Consolidated Statement of Comprehensive Income
RTO Limited
For the six months ended 30 September 2024

4

6 mths ended 6 mths ended 12 mths ended
30 Sep 2024 30 Sep 2023 31 Mar 2024
(unaudited) (unaudited) (audited)
Notes
$ $ $



Revenue


Interest and fee income 4 7,435 9,863 18,929
Other income 4 300,000 - -

Total Income 307,435 9,863 18,929

Expenses


Directors' fees 12 (69,000) (69,000) (138,000)
Interest expense (3,920) (15,679) (19,599)
Other operating expenses 5 (82,578) (49,941) (107,063)

Total expenses (155,498) (134,620) (264,662)

Net loss before income tax 151,937 (124,756) (245,732)

Income tax benefit/(expense) - - -

Net profit/(loss) after tax 151,937 (124,756) (245,732)

Total comprehensive loss for the period 151,937 (124,756) (245,732)

Attributable to:
Owners of the parent company 151,937 (124,756) (245,732)


Weighted Earnings/(loss) per share


Basic (loss) per share (cents per share): 6 0.03 (0.02) (0.04)
Diluted (loss) per share (cents per share): 6 0.03 (0.02) (0.04)













These interim financial statements have not been audited, nor reviewed by the auditor. The accompanying notes form part
of these interim financial statements and should be read in conjunction with them.

Interim Consolidated Statement of Changes in Equity
RTO Limited
For the six months ended 30 September 2024

5
Notes Share Contributed Accumulated Total


Capital Capital Losses Equity

$ $ $ $

Balance at 1 April 2023 (audited) 13,547,337 407,606 (13,543,018) 411,924

Loss for the period - - (124,757) (124,757)
Total comprehensive loss for the
period - - (124,757) (124,757)

Balance at 30 September 2023
(unaudited) 13,547,337 407,606 (13,667,775) 287,168


Balance at 1 April 2023 (audited) 13,547,337 407,606 (13,543,018) 411,924

Loss for the year - - (245,732) (245,732)
Total comprehensive loss for the year - - (245,732) (245,732)

Issue of ordinary shares, net of transaction
costs - - - -


Balance at 31 March 2024 (audited) 13,547,337 407,606 (13,788,750) 166,193


Balance at 1 April 2024 (audited) 13,547,337 407,606 (13,788,750) 166,193

Profit for the period - - 151,937 151,937
Total comprehensive profit for the
period - - 151,937 151,937
Issue of ordinary shares, net of
transaction costs 250,000 - - 250,000

Balance at 30 September 2024
(unaudited) 13,797,337 407,606 (13,636,813) 568,130











These interim financial statements have not been audited, nor reviewed by the auditor. The accompanying notes form part
of these interim financial statements and should be read in conjunction with them.

Interim Consolidated Statement of Financial Position
RTO Limited
For the six months ended 30 September 2024

6
30 Sep 2024 30 Sep 2023 31 Mar 2024
(unaudited) (unaudited) (audited)
Notes
$ $ $


Current assets
Cash and cash equivalents

480,897 736,485 634,842
Prepayments and other receivables 32,460 30,830 13,818
Total current assets 513,356 767,315 648,659

Non-current assets
Prepayments and other receivables 75,000 75,000 75,000
Property, plant and equipment 392 784 522
Total non-current assets 75,392 75,784 75,522

Total assets 588,748 843,099 724,182


Current liabilities
Trade and other payables 14,869 8,020 409
Accruals, provisions and other liabilities 5,750 5,750 11,500
Borrowings 9 - 542,161 546,080
Total current liabilities 20,619 555,931 557,989

Non-current liabilities
Borrowings 9 - -
Total non-current liabilities - - -

Total liabilities 20,619 555,931 557,989

Net assets 568,130 287,168 166,192

Equity
Share capital 13,797,337 13,547,337 13,547,337
Contributed capital 407,606 407,606 407,606
Accumulated losses (13,636,813) (13,667,775) (13,788,750)
Total equity 568,130 287,168 166,192

Net tangible assets per share (cents per
share): 7 5.68 0.04 0.02

For and on behalf of the Board:


Dated: 28 November 2024
These interim financial statements have not been audited, nor reviewed by the auditor. The accompanying notes form part
of these interim financial statements and should be read in conjunction with them.

Interim Consolidated Statement of Cash Flows
RTO Limited
For the six months ended 30 September 2024

7


6 mths
ended
6 mths ended 12 mths
ended
30 Sep 2024 30 Sep 2023 31 Mar 2024
(unaudited) (unaudited) (audited)
Notes
$ $ $


Cash flows from operating activities

Interest received


7,435

9,863

18,929
Income taxes refunded


5,300 -

3,887
Operating inflows


12,735

9,863

22,816

Payments to suppliers and employees


(166,680)

(137,277)

(251,874)
Operating outflows


(166,680)

(137,277)

(251,874)

Net cash from / (used in) operating activities


(153,945)

(127,415)

(229,058)


Cash flows used in investing activities
Proceeds from short term Investments - - -
Net cash from / (used in) investing activities 12 - - -


Cash flows used in financing activities
Payments for issue of share capital
- - -
Net cash from / (used in) financing activities - - -

Net increase in cash and cash equivalents

(153,945)

(127,415)

(229,058)
Cash and cash equivalents at the beginning of the
period

634,841

863,899

863,899
Cash and cash equivalents at the end of the period

480,896

736,484

634,841









These interim financial statements have not been audited, nor reviewed by the auditor. The accompanying notes form part
of these interim financial statements and should be read in conjunction with them.

Reconciliation of Net Operating Cash Flows to Net Loss After Tax
RTO Limited
For the six months ended 30 September 2024

8
6 mths
ended
6 mths
ended
12 mths
ended

30 Sep 2024 30 Sep 2023 31 Mar 2024
(unaudited) (unaudited) (audited)
$ $ $


Net profit for the period

151,937

(124,756)

(245,732)

Adjustments for:
Depreciation

131

261

522
Loss on disposal of fixed assets - - -
Capitalised interest income
- - -
Capitalised and accrued interest expense

3,920

15,679

19,599
Other non-cash items

(300,000) - -


(144,013)

(108,817)

(225,612)


Changes in net assets and liabilities:

(Increase) / decrease in prepayments and other
receivables

(18,642)

(20,049)

(3,036)
Increase / (decrease) in trade and other payables

14,460

7,201

(410)
Increase / (decrease) in accruals, provisions and other
liabilities (excluding deferred revenue)

(5,750)

(5,750) -
Increase / (decrease) in interest accrual on borrowings - - -
Net cash (used in) / generated by operating
activities

(153,945)

(127,415)

(229,058)














These interim financial statements have not been audited, nor reviewed by the auditor. The accompanying notes form part
of these interim financial statements and should be read in conjunction with them.

Condensed Notes to the Interim Financial Statements
RTO Limited
For the six months ended 30 September 2024

9
1. General Information
These unaudited interim financial statements are for RTO Limited (the “Company”) and its subsidiaries (together
the “Group”).
The Company and its subsidiaries are limited liability companies, domiciled and incorporated in New Zealand.
The Company is listed by NZX Limited on the NZX Main Board (“NZX”).
The Company is registered under the Companies Act 1993 and is an FMC Reporting Entity under part 7 of the
Financial Markets Conduct Act 2013.
The Group does not currently undertake any commercial business activities. There has been no change in the
nature of the Group’s business during the period. This should be read in conjunction with the comments in Note
14: Going Concern.
There are no seasonal or cyclical influences on these interim results.

2. Basis of Preparation
These unaudited interim financial statements for the six months ended 30 September 2024 have been prepared
in accordance with Generally Accepted Accounting Practice in New Zealand (‘NZ GAAP’) and with the
requirements of the Financial Markets Conduct Act 2013 and the NZX Main Board Listing Rules. They also
comply with the International Accounting Standard 34: Interim Financial Reporting. These unaudited interim
financial statements do not include all the notes of the type normally included in an annual financial report and
should be read in conjunction with the financial statements published in the Annual Report for the year ended
31 March 2024 which have been prepared in accordance with New Zealand equivalents to International
Financial Reporting Standards (“NZ IFRS”) and International Financial Reporting Standards (IFRS).
The consolidated financial statements are presented in New Zealand dollars.

3. Accounting Standards
These unaudited interim financial statements have been prepared using the same accounting policies and
methods of computation detailed in the Company’s Annual Report for the year ended 31 March 2024.
There were no NZ IFRS, or NZ IFRIC interpretations adopted during the period, nor any that are not yet effective
that would be expected to have a material impact on the Company.

Condensed Notes to the Interim Financial Statements
RTO Limited
For the six months ended 30 September 2024

10

4. Revenue


The Group recognises revenue from the following major sources:
• Interest income from term deposits and bank accounts.
• Other income comprises of the bond debt forgiven as outlined in note 9 of these interim
financial statements.


6 mths ended 6 mths ended 12 mths ended

30 Sep 2024 30 Sep 2023 31 Mar 2024

(unaudited) (unaudited) (audited)

$ $ $
Interest income from term deposits and bank
accounts 7,435 9,863 18,929
Other Income 300,000 - -
Total Income 307,435 9,863 18,929


5. Other Operating Expenses


6 mths ended 6 mths ended 12 mths ended

30 Sep 2024 30 Sep 2023 31 Mar 2024

(unaudited) (unaudited) (audited)

$ $ $
Accounting, consulting and legal 31,812 21,099 45,167
Audit fees 6,902 5,752 11,502
Depreciation expenses 131 261 522
Insurance expenses 9,510 6,383 12,794
NZX fees and list charges 13,526 10,464 21,120
Other operating expenses 1,203 977 1,816
Professional services 6,627 5,005 8,141
Rent 799 - -
Share Registry Charges 12,068 - -
Non Deductible Fines & Penalties - - 6,000

82,578 49,941 107,063

6. Weighted Earnings Per Share



6 mths ended 6 mths ended 12 mths ended

30 Sep 2024 30 Sep 2023 31 Mar 2024

(unaudited) (unaudited) (audited)

Basic earnings/(loss) per share (cents): 0.03 (0.02) (0.04)
Diluted earnings/(loss) per share (cents): 0.03 (0.02) (0.04)

Condensed Notes to the Interim Financial Statements
RTO Limited
For the six months ended 30 September 2024

11

The losses and weighted average number of ordinary shares used in the calculation of loss per share are as
follows:




6 mths ended 6 mths ended 12 mths ended


30 Sep 2024 30 Sep 2023 31 Mar 2024

Loss for the period attributable to owners of the
parent company ($) 151,937 (124,757) (245,732)



Weighted average number of ordinary shares used in
the calculation of basic and diluted earnings per
share 569,938,551 618,416,593 673,759,059



The weighted average number of shares has been calculated for the period to the date of approval of the
consolidated financial statements.


The Group presents basic and diluted earnings per share (EPS) information for its ordinary shares. Basic EPS is
calculated by dividing the profit or loss attributable to ordinary shareholders by the weighted average number of
ordinary shares on issue throughout the year. Diluted earnings per share is calculated by adjusting the profit or
loss attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding,
adjusted for the effects of all dilutive potential ordinary shares. There were no financial instruments considered
to be dilutive as at 30 September 2024.


7. Net tangible assets per share



30 Sep 2024 30 Sep 2023 31 Mar 2024

(unaudited) (unaudited) (audited)

Net tangible assets ($) 568,130 287,168 166,192
Issued shares at balance date

10,000,026

673,759,059

673,759,059

Net tangible assets per share (cents) 5.68 0.04 0.02


8. Share Capital
Issued and paid up capital


No. of
Shares $

Ordinary shares at 1 April 2023

673,759,059

573,759,059
Ordinary shares issued during
the period

-

-
Ordinary shares as at 30
September 2023

673,759,059

573,759,059

Ordinary shares at 1 April 2023

673,759,059

573,759,059
Ordinary shares issued during
the year

-

100,000,000
Ordinary shares as at 31 March
2024

673,759,059

673,759,059

Condensed Notes to the Interim Financial Statements
RTO Limited
For the six months ended 30 September 2024

12

Ordinary shares as at 1 April
2024

673,759,059

673,759,059
Ordinary shares issued during
the period

62,500,000

250,000
Consolidation of Shares

(726,259,033)

-
Ordinary shares as at 30
September 2024

10,000,026

674,009,059



9. Borrowings


30 Sep
2024
30 Sep
2023
31 Mar
2024

(unaudited) (unaudited) (audited)

$ $ $
Current borrowings

Bonds

-

542,161

546,080

Non-current borrowings

Bonds

-

-

-

Bonds
The Group issued $2,000,000 bonds on 18 December 2017 to Blackwell Global Group Limited (BGGL), a related
party at a fixed interest rate of 6%. The bonds were to mature three years from the issue date at their nominal
value of $2,000,000.

The Group issued a further $500,000 bonds to BGGL on 27 April 2019 at a fixed interest rate of 6%. The interest
is payable six monthly. The bonds were to mature three years from the issue date at their nominal value of
$500,000.

The bonds are secured by a first ranking general security deed over all the present and after acquired property
of RTO Limited.

The contributed capital component of the bonds represents the difference in fair value between the current fixed
interest rate and the estimated interest rate of a similar bond issued to a third party.

The bond agreement with BGGL was amended by Deed of Variation dated 24 March 2020. The maturity period
was extended from three to four years, and the interest rate reduced from 6% to 0% for six months starting 24
March 2020.

On 25 November 2020 a Letter of Undertaking was agreed with BGGL further extending the bond maturity date
to 30 June 2022, with 0% interest until maturity.

In June 2021, the Company redeemed $1,000,000 of the Bonds for cash and paid $750,000 to BGGL in June
2021, and $250,000 in August 2021.

During the 2022 year, upon receiving shareholder approval, BGGL capitalised $500,000 of its Bonds into
71,428,571 new ordinary shares in the Company, at an issue price of $0.007 per share. This development
provided the Company with an additional $500,000 of capital which provided the Company with sufficient
working capital to fund the outgoings and expenses.

Condensed Notes to the Interim Financial Statements
RTO Limited
For the six months ended 30 September 2024

13
On 25 July 2022 the independent directors proposed, subject to shareholder approval, for BGGL to further
extend the maturity date of the Bonds to 31 December 2023, and for them to not call for repayment prior to that
date except in liquidation or through capitalisation.

The net present value of the bonds has been adjusted on the balance sheet for the present value of the face
values at maturity using the original effective interest rate of 6% per annum.

During the 2023 year, upon receiving shareholder approval to capitalise $450,000 principal amount of the Bonds
at an issue price of $0.0045 per new share for an issue of 100,000,000 fully paid shares in the Company on 17
October 2022.

On 22 April 2024 BGGL forgave the repayment of $200,000 of secured bonds.

On 26 August 2024 following receiving shareholder approval BGGL capitalised $250,000 of secured bonds into
62,500,000 shares at $0.004 per share. BGGL forgave the remaining balance of $100,000 secured bonds with
immediate effect.

All liability of the Company under the secured bonds has now been extinguished.

On 30 August 2024 the Company completed the consolidation of shares on 73.6259 shares into 1 share in the
Company basis. RTO Limited now has 10,000,026 ordinary shares post completion of the consolidation.



6 mths ended 6 mths ended 12 mths ended

30 Sep 2024 30 Sep 2023 31 Mar 2024

(unaudited) (unaudited) (audited)

$ $ $
Balance at beginning of period 546,080 526,482 526,482
Repayment of bonds - - -
Liability component carried forward 546,080 526,482 526,482
Interest accrual - -

Payment of interest on bonds 3,920 15,679 19,599
Debt Forgiven (300,000) - -
Capitalisation (250,000)

Bond liability 0 542,161 546,080

Bond liability in current borrowings - 542,161 546,080
Bond liability in non-current borrowings - - -
Bond liability - 542,161 546,080


10. Subsidiaries
Details of the Group’s subsidiaries at the end of the reporting period are as follows:


Proportion of interest and
voting power held by the Group
Name of subsidiary Principal activity 30 Sept 2024 31 March 2024
NZF Money Limited (in receivership) In receivership

100% 100%

Condensed Notes to the Interim Financial Statements
RTO Limited
For the six months ended 30 September 2024

14

The place of incorporation and operation for all subsidiaries is New Zealand. The balance date of all companies
in the Group is 31 March. All subsidiary entities were dormant in the current and previous financial periods.


11. Financial Instruments by Category
Financial Assets
Total at amortised cost

$
30 Sep 2024

Cash and cash equivalents 480,897
Other receivables 32,460
Total 513,356


Total at amortised cost

$
31 Mar 2024

Cash and cash equivalents 634,842
Other receivables 13,818
Total 648,659


Total at amortised cost

$
30 Sep 2023

Cash and cash equivalents 736,485
Other receivables 30,830
Total 767,315


Financial Liabilities
Total at amortised cost

$
30 Sep 2024

Trade and other payables 14,869
Borrowings -
Accruals and other liabilities 5,750
Total 20,619



Total at amortised cost

$
31 Mar 2024

Trade and other payables 409
Borrowings 546,080
Accruals and other liabilities 11,500
Total 557,989


Total at amortised cost

Condensed Notes to the Interim Financial Statements
RTO Limited
For the six months ended 30 September 2024

15

$
30 Sep 2023

Trade and other payables 8,020
Borrowings 542,161
Accruals and other liabilities 5,750
Total 555,931

12. Related Parties
RTO Limited (the Group) is majority owned by Blackwell Global Group Limited (incorporated in the Cayman
Islands) which at 30 September 2024 owned 74.08% of the Company’s shares. The party that ultimately controls
Blackwell Global Group Limited is Mr Kaw Sing Chai, who also owns 7.59% of the Company’s shares in his own
name. The remaining 18.33% of the Company’s shares are widely held.

Blackwell Global Group Limited a shareholder of RTO Limited has forgiven $300,000 of secured bonds.

Directors fees

6 mths ended 6 mths ended 12 mths ended

30 Sep 2024 30 Sep 2023 31 Mar 2024

(unaudited) (unaudited) (audited)

$ $ $
Sean Joyce 43,125 43,125 86,250
Craig Alexander 25,875 25,875 51,750
Total remuneration of Directors 69,000 69,000 138,000

During the period, James Law, who retired in accordance with the provisions of the Constitution of the Company
and the NZX Main Board Listing Rules offered himself for re-election as a Director of the Company and was re-
elected by shareholders of the Company at the 2024 Annual Meeting.


13. Going Concern
The Group has incurred a net profit for the period of $151,937 (30 September 2023: loss of $124,757), (31
March 2024: loss of $245,732) and as of 30 September 2024 has an equity surplus of $568,129. The Company
has sufficient cash resources to meet its “business as usual” financial obligations as comprise a going concern
for the next 24 months. Should these cash resources deplete unexpectedly, this may indicate the existence of
a material uncertainty that would impact the adoption of the going concern assumption. The Board has
implemented several strategies to reduce the outgoings of the Company and is actively looking to identify a
suitable business opportunity to invest in and/or acquire through a reverse
takeover transaction (RTO).

The Company can meet business as usual costs given the current bank balance of $480,897.

The Directors in determining that the financial statements be prepared on a going concern basis have taken
into account events after the balance date.


14. Segment Reporting
Operating segments are reported in a manner consistent with the internal reporting provided to the chief
operating decision-maker. The chief operating decision-maker is identified as the Board of Directors. The Group
internally reported as a single operating segment to the chief decision-maker.

15. Capital Commitments
There were no capital commitments at 30 September 2024 (31 March 2024 and 30 September 2023: Nil).

Condensed Notes to the Interim Financial Statements
RTO Limited
For the six months ended 30 September 2024

16
16. Contingent Assets and Liabilities
There are no material contingencies as at 30 September 2024 (31 March 2024 and 30 September 2023: Nil).

17. Subsequent Events
There are no subsequent events as at 30 September 2024.

18. Approval of Financial Statements
The financial statements were approved by the Directors and authorised for issue on 29 November 2024.

17
COMPANY DIRECTORY

As at 30 September 2024





Independent Directors Share Registrar
Sean Joyce

Link Market Services Limited
Craig Alexander

Deloitte Centre, 80 Queen Street, Auckland

Tel: 09 375 5998
Non-executive Directors
Kaw Sing Chai (ceased 22/04/2024)

Solicitors
Say Chan Law

Chapman Tripp
Kim Chan Steve Chua (ceased
22/04/2024)

Level 34, PwC Tower, 15 Customs Street West

Auckland
Registered Office
1474151 Auditor
William Buck
Incorporated Level 4, 21 Queen Street, Auckland
22 January 2004

Shares Issued
10,000,026 Ordinary Shares