新期权招股说明书

NEW OPTIONS PROSPECTUS TABLE OF CONTENTS IMPORTANT INFORMATION ........................................................................................ 2CORPORATE DIRECTORY ........................................................................................... 4PROPOSED TIMETABLE .............................................................................................. 51Details of the Offer ............................................................................................ 62Effect of the Offer ............................................................................................ 113Risk Factors..................................................................................................... 12 IMPORTANT INFORMATION This Prospectus is dated 5 February 2026 and was lodged with ASIC on that date with the consentof all Directors. Neither ASIC nor ASX (or their respective officers) take any responsibility for thecontents of this Prospectus or the merits of the investment to which this Prospectus relates. No New Options will be issued on the basis of this Prospectus any later than 13 months after thedate of this Prospectus (being the expiry date of this Prospectus). A copy of this Prospectus is available for inspection at the registered office of the Company at Level2, 480 Collins Street, Melbourne, VIC 3000 during normal business hours. Subject to applicablelaws, the Company will provide a copy of this Prospectus to any person on request. The Company The New Options offered by this Prospectus should be considered highly speculative. You shouldcarefully consider whether the New Options offered pursuant to this Prospectus are an appropriate Revenues and expenditures disclosed in this Prospectus are recognised exclusive of the amountof goods and services tax, unless otherwise disclosed. This Prospectus will be made available in electronic form. Persons having received a copy of thisProspectus in its electronic form may, subject to applicable laws, obtain an additional paper copyof this Prospectus (free of charge) from the Company's principal place of business by contacting Applications for New Options under the Offer may only be made on an Application Form that isattached to, or provided by the Company with a copy of this Prospectus in either paper or electronic By returning the Application Form, you acknowledge that you have received and read this No person is authorised to give any information or to make any representation in connection withthe Offer, other than as is contained in this Prospectus. Any information or representation not No action has been taken to register or qualify the New Options offered pursuant to this Prospectus,or the Offer, or otherwise to permit the offer of New Options under this Prospectus in any jurisdiction The distribution of this Prospectus in jurisdictions outside Australia may be restricted by law andthereforepersons into whose possession this document comes should observe any suchrestrictions. Any failure to comply with these restrictions may constitute a violation of those laws.This Prospectus and any accompanying Application Form do not, and are not intended to, In accordance with the design and distribution obligations under the Corporations Act, the Companyhas determined the target market for the offer of New Options under this Prospectus. The Companywill only distribute this Prospectus to those investors who fall within the target market determination This Prospectus is a transaction specific prospectus for an offer of New Options over continuouslyquoted securities (as defined in the Corporations Act) and has been prepared in accordance with section 713 of the Corporations Act. It does not contain the same level of disclosure as an initialpublic offering prospectus. In making representations in this Prospectus regard has been had tothe fact that the Company is a disclosing entity for the purposes of the Corporations Act and that This Prospectus is important and should be read in its entirety before deciding to participate in theOffer. This Prospectus does not take into account the investment objectives, financial or taxationor particular needs of any Applicant. Before making any investment in the Company, each Applicantshouldconsider whether such an investment is appropriate to their particular needs,and This Prospectus contains forward-looking statements which are identified by words such as"believes", "estimates", "expects", "targets", "intends", "may", "will", "would", "could", or "should" These statements are based on an assessment of present economic and operating conditions, andon a number of assumptions regarding future events and actions that, as at the date of this Such forward-looking statements are not guarantees of future performance and involve known andunknown risks, uncertainties, assumptions and other important factors, many of which are beyondthe control of the Company, the Directors and management of the Compa