Obviously an announcement following some serious shareholder...

Obviously an announcement following some serious shareholder pressure on Zhang.

Positives - a 3rd director has been appointed (although question why another Chinese national needs to be appointed and what value he brings)
- ASX now speaking to the company about resisting, although this may result in NXR being advised that its business activities have changed and needs satisfy resisting requirements ie. capital raise

Negatives - extended timeline for WBT tech development/testing

While there is announcement, not much has occurred under the Zhang Board over the last 6 months. Even if this does realist now, the SP will be hammered unless the Chinese money connection steps in.

Overall, not a great outcome here for shareholders.