Class Action, page-63

Some interesting facts, available in public forum.

Mostly www.theaustralian.com.au ,

https://connectonline.asic.gov.au/RegistrySearch/faces/landing/panelSearch.jspx?searchText=058010692&searchType=OrgAndBusNm&_adf.ctrl-state=5tmh7uvm9_15

https://www.capitalbrief.com/article/never-seen-anything-like-it-asx-listed-defence-play-rectifiers-bizarre-boardroom-bust-up-64689cd9-e983-4fa3-95ff-515ba773b588/preview/

1-From the pressrelease: “I have been chairman with the full support of the board. But have nothad any involvement with the day to day management of the company – and do notintend to have any such role.“ Meanwhile, “the company has experiencedremarkable growth from 2022 to 2023, not only in terms of sales but alsoprofitability.” (for those optimists who think Chairman is the man with ideasto make the company successful. Now the people who had great participation inachieving success are no longer part of the board. They are punished forstanding up against the chairman who wanted to impose to new board members onthem)

2-Remember one ofthe Chinese nationals (Zongxu Wang) that the chairman was trying to impose onthe board? in a “change to company details” form in ASIC filing on 28 of Decemberis filed as an Australian resident office holder. Oh, there also is anotherperson on the same filing, PHILIPPE ALBERT CHARLES CAMPAGNON the address in thefiling is a Thai restaurant in Paris. (Help me God if you exist!)

3-Press says, Arulampalam (Jitto) was brought in as deputy chair earlier this year (well last year) and was widely expected to take over the position of chairman next month. (I guess the chairman did not like that idea after all. Just allowed the directors to waste their time only to pull the plug last minute. Does this come at no cost to us?)

4-Chairman saysit only holds 16% the vote and does not know why the other shareholders havevoted against re-election. (I guess we can wait to find out about this hopefullyin ASX investigation)

By the way the chairman in the email to appoint Chinese nationals to board thinks he owns 16% of RTL not RFT.

The facts are there. No action is not going to help. Although I am not quite sure how many RFT investors are here to hear this.