Ann: Quarterly Update and Appendix 4C, page-46

Latest announcement review.

Positive:
- NASDAQ listing application submitted
- Building “one-stop care platform” (multiple income verticals)
- Tinjoy soft launch - $5,192,345 AUD commitment in 3 days
- Nexus-Vita paying AHI $665,000 AUD for integration works ready for September
- Nexus-Vita guaranteed yearly income $4,870,369 AUD once app launched in September
- Bearn intended release of their app in August finally

Neutral:
– Truconnect launch was underwhelming IMO but they did manage the integration and are online. I used the bodyscan and it worked great for me with 0.5% repeatability. They have had many hurdles being UK based business so I’m hoping they can pick up the pace in the back half of the year. Also their no.1 Influencer Jacqueline Fernandez from India put her Truconnect Instagram promotional videos on hold for over 2 months due to India’s exploding covid cases. She has 54 million followers on Instagram and has huge reach in India. I hope she promotes bodyscan on Instagram soon.

- Triage integration has begun and due for completion end of Q3, great tech IMO. It’ won’t mean too much this year as I don’t think much revenue will be created anytime soon.

- Jana care Inc communication open, development and integration into the multiscan platform. Again this will be a long time off producing revenue but will help achieve the “one-stop care platform”.

- Physimax Technologies due diligence for proposed acquisition complete and looking at reduced cost to buy out. Also this will be a long time off producing revenue but will help achieve the “one-stop care platform”.

- Triage payment at halfway mark, they have paid $1,500,000 out of $3,000,000 so far.

- Cash burn around $410k per month the past year.

Negatives:- If there are any delays then they will have to CR. If they pull off Tinjoy and Nexus on time then all good. Even if there is CR there are only 137,000,000 SOI.

- Delays from many of their partners have hurt AHI sentiment and our hip pocket.

Overall they are on the cusp of something special IMO, still risk and upside. I’m still happy to hold as the income stream has never been this close before and as we can see from Tinjoy's 3 day pre-sale they generated amazing revenue. I know they are talking up 1,000,000 users which seems like a lot, even if they only reached 500,000 users which I think is very achievable that’s still $22,701,000 per year!! Add Nexus-Vita $4,870,369 that’s $27,571,369 from 2 customers only per year. This is all IMO. DYOR.