ASAPLUS RESOURCES LIMITED (ASX.AJY)

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delisted for non-payment of annual listing fee under Listing Rule 17.15

we understand the company failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2025

The Company's auditors have advised it that they expect to sign off the HY2024 Financial Report only by 17 September 2024. The reason for this delay is the scheduling challenges the auditors experienced due to the review work extending beyond the initially planned timeline. The Company will release the HY2024 Financial Report as soon as it is available. The auditors further advise that they still expect to sign off the FY2024 Financial Report on schedule by 30 September 2024.

Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Wednesday, 21 August 2024 would have its securities suspended from Official Quotation before the commencement of trading on Thursday, 22 August 2024. The Company has failed to pay to ASX the annual listing fees for the year ending 30 June 2025, and each entity's securities are already suspended from quotation.

The company issues a response to ASX Query.

The company releases a response to ASX query.

The directors have decided that the Company will not seek to delist. It will work on a plan to recapitalise and seek requotation of its securities on the exchange. The Company has commenced discussions with the Investor to either defer repayment of the Debt or to convert it into equity. It has also started to seek other investors to raise funds to finance its operations and repay the Debt either in full or at a compromised sum to be agreed with the investor. Pending the Beikeng Extraction Permit being renewed and the recapitalisation plan being completed, the Company will seek re-quotation of its securities when it brings its continuing disclosure obligations up to date and secures a loan deferment agreement from the Investor. The Company expects that, barring unforeseen circumstances, the Beikeng Extraction Permit will be renewed by the second quarter of 2025. Barring any unforeseen circumstances, the Company expects to release the HY2024 Financial Report by 23 August 2024 and the FY2024 Financial Report on schedule by 30 September 2024. Furthermore, the Company expects to fully respond to ASX's first query letter by 3.00 PM AWST on 17 July 2024.

The securities of the company have been suspended for more than three months. If an entity does not meet the 1 or 2 year deadlines, it will be removed from the official list. The removal will usually take effect from the open of trading on the first trading day after the deadline date.

The company issues a response to ASX Query.

The company lodges its Amended March 2024 Quarterly Activities/Cash Flow Report.

The company lodges its Amended December 2023 Quarterly Cashflow Report.

The company lodges its Mar 2024 Quarterly Activities/Appendix 5B Cash Flow Report.

The company lodges its Dec 2023 Quarterly Activities/Appendix 5B Cash Flow Report.

Asaplus Resources Limited refers to its earlier announcement and wishes to make the following clarifications: The Company did not consult the ASX before it announced its intention to seek shareholders' approval to de-list from the ASX; and the Company will follow all due processes, including consulting the ASX, in accordance with Chapter 17 of the ASX Listing Rules and Guidance Note 33 to provide further information on the delisting process.

The Company commenced negotiations with the Investor to extend the repayment date for the Convertible Loan beyond the Third Extended Due Date. These negotiations were not successful despite the Company's best efforts. The Investor has now given the Company a formal notice of demand for the Company to make immediate repayment of the Convertible Loan and all outstanding Repayment Deferment Premium, amounting to RMB6,720,000 (approximately A$1,435,000). The Company is not able to pay the Debt and its directors consider the Company to be insolvent. The Company will not be able to confirm to the ASX that it has sufficient operations for a continued listing on ASX, nor can it incur further expenses and liabilities to fulfil its continued listing obligations. Under the circumstances, the Company will convene an extraordinary general meeting to seek shareholders' approval for it to de-list from the ASX.

Asaplus Resources Limited was sent a query letter by ASX on 28 December 2023 seeking a response by 15 January 2024. The nature of the queries are apparent from the query letter. The securities of AJY will remain suspended under Listing Rule 17.3 following a failure by AJY to respond to ASX's queries and until ASX is satisfied with AJY's compliance with the Listing Rules, including Listing Rules 12.1 and 12.2. ASX has formed the view that the query letter should be released to the market under Listing Rule 18.7A.

The company releases its Appendix 4G.

The company lodges its 2023 Annual Report.

The company releases its 2023 Corporate Governance Statement.

The securities of the company will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Wednesday, 1 November 2023, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Tuesday, 31 October 2023, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

The securities of Asaplus Resources Limited will be reinstated to Official Quotation as from the commencement of trading on Monday, 17 August 2020 following lodgement of its Half Year Financial Report for the half year ended 31 December 2019.

The company lodges its Quarterly Cashflow Report.

The company lodges its Quarterly Activities Report.

The company lodges its Half Yearly Report.

The company lodges its Quarterly Cashflow Report.

The company lodges its Quarterly Activities Report.

The company's securities will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 16 March 2020, following their failure to lodge the relevant periodic report by the due date.

The securities of Asaplus Resources Limited will be reinstated to Official Quotation as from the commencement of trading on Tuesday, 3 March 2020 following lodgement of its Appendix 5B for the quarter ended 31 December 2019, its updated corporate governance statement for the year ended 30 June 2019 and supplementary information for its annual report for the year ended 30 June 2019.

The company releases Supplemental Annual Report Information.

The company lodges its Quarterly Activities Report.

The company lodges its Quarterly Cashflow Report.

The securities of the company will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 3 February 2020, following failure to lodge the quarterly report for the quarter ended 31 December 2019 by the due date.

The suspension of trading in the securities of Asaplus Resources Limited will be lifted from the commencement of trading on Friday, 25 October 2019, following the receipt of annual accounts by ASX for the year ended 30 June 2019.

The company lodges its updated 2019 Annual Report.

The company lodges its 2019 Annual Report.

The company's AGM will be held at the following date, time and place: 9 November 2019 (Saturday), 11:00AM, Board Room, DKLS Office Tower 8, Avenue 5, The Horizon, Phase 2 No. 8 Jalan Kerinchi, Bangsar South 59200 Kuala Lumpur Malaysia.

The company's securities will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2019, following failure to lodge the relevant periodic report by the due date.

The suspension of trading in the securities of Asaplus Resources Limited will be lifted immediately following the release by AJY of an announcement.

The company's financial year-end date had been changed from 31 March to 30 June with effect from the financial year which commenced on 1 April 2018. For the avoidance of doubt, the financial statements to be presented to the Company's members at the next annual meeting shall be for the financial period from 1 April 2018 to 30 June 2019.

The company's securities will be suspended from official quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 July 2019, following itsfailure to lodge the full year accounts by the due date.

The suspension of trading in the securities of Asaplus Resources Limited will be lifted from the commencement of trading on Tuesday 29 August 2017, following payment of the annual listing fee for the year ending 30 June 2018, pursuant to Listing Rule 17.9.

Under listing rule 17.6, any entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday 21 August 2017 will have its securities suspended from official quotation before the commencement of trading on Tuesday 22 August 2017. The company has failed to pay to ASX Limited the annual listing fees in respect of the year ending 30 June 2018 and consequently will have its securities suspended from quotation immediately.

listed entity carried for record purposes only