Bluechiip Ltd refers to its ASX announcement of 18 March 2025 where the directors resolved to appoint Manuel Hanna of Romanis Cant as Voluntary Administrator (Voluntary Administrator) of the Company.

The Voluntary Administrator announces that Bluechiip Ltd intends to rely on the relief set out in the ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251 which provides that a company is not required to comply with the financial reporting obligations under Part 2M.3 of the Corporations Act 2001 (Cth) and to defer its 2025 Annual General Meeting.

Deferral of Financial Reporting Obligations

The Voluntary Administrator of Bluechiip Limited gives notice that they intend to rely on the relief set out in ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251 (Instrument 2015/251) which provides for the deferral of financial reporting obligations for a minimum period of 6 months and up to a maximum period of 24 months from the date of appointment of the Voluntary Administrator.

In accordance with Instrument 2015/251, all financial reporting obligations of Bluechiip Ltd under Part 2M.3 of the Corporations Act 2001 (Cth) (Corporations Act) are deferred until the earlier of:

1. if the external administration ends prior to 17 September 2025, 6 months from the date of the appointment of the Voluntary Administrator; or
2. if the external administration extends beyond 17 September 2025, the earlier of:
   1. 17 March 2027, 24 months from the date of the appointment of the Voluntary Administrator; or
   2. the day the external administration of Bluechiip Ltd ends, (Deferral Period).

Subject to the conditions set out in section 8(3) of Instrument 2015/251, during the Deferral Period, Bluechiip Ltd does not have to comply with any of the following obligations under Part 2M.3 of the Corporations Act in relation to a financial year or half-year of Bluechiip Ltd:

1. report to members of the company under section 314 of the Corporations Act within the time required by section 315 of the Corporations Act;
2. send reports to a member in accordance with a request under subsection 316(1) of the Corporations Act within the time required by subsection 316(2) of the Corporations Act;
3. send reports to a member in accordance with a request under subsection 316A(1) of the Corporations Act within the time required by subsection 316A(3) of the Corporations Act;
4. lodge reports with ASIC under subsection 319(1) of the Corporations Act within the time required by subsection 319(3) of the Corporations Act;
5. lodge half-year reports with ASIC under subsection 320(1) of the Corporations Act within the time required by that subsection;

(collectively, Financial Reporting Obligations).

Bluechiip Ltd is not required to comply with the Financial Reporting Obligations until the last day of the Deferral Period.

Deferral of Annual General Meeting

Section 6A of Instrument 2015/251 provides that Bluechiip Ltd is not required to comply with the requirement under section 250N of the Corporations Act to hold an Annual General Meeting (AGM):

1. at least once in each calendar year and within 5 months after the end of the financial year; or
2. In relation to an earlier financial year of Bluechiip Limited, but only to the extent that section of the Corporations Act would have imposed, but for section 6A(1)(b) of Instrument 2015/251, a continuing obligation on the company on or after the appointment of a relevant external administrator, where Bluechiip Ltd would otherwise be required to hold an AGM during the Deferral Period.

This relief applies until the last day of the Deferral Period. A company relying on this exemption must hold an AGM within 2 months after the end of the Deferral Period and lay before that AGM all outstanding financial reports deferred under section 8 of the Instrument.

Accordingly, the AGM of Bluechiip Limited is deferred for at least 2 months from the date the financial reporting relief ceases.

Member Queries

Information will be uploaded to the Bluechiip Ltd website at www.bluechiip.com.

Members with reasonable enquiries about the external administration of Bluechiip Ltd during the Deferral Period are invited to submit their enquiries free of charge to maugustine@romaniscant.com.au.

This announcement has been approved by Manuel Hanna (Voluntary Administrator).

For all enquiries, please contact Mr Michael Augustine of Romanis Cant via (03) 9670 6544 or by email at maugustine@romaniscant.com.au.