Communication to Shareholders, page-24

Continuous Disclosure

3.1 Once an entity is or becomes aware of any information concerning it that a reasonable person would
expect to have a material effect on the price or value of the entity’s securities, the entity must immediately
tell ASX that information.

ADO announced to the market that once they hit 500 cycles of their battery they would announce this to the market. From my rough calculations I estimate the battery to now be at close to 1000 cycles or the cycling has been stopped.

Either way, we need to know. If they hit 500 cycles with 90+ % energy retention with a battery that stores X% more energy and recharges Y% more quickly then the market needs to know. 500 cycles would be more than enough for most battery companies to take a serious interest in us.

We have no idea of how their battery program is currently going