Ann: Proposed issue of securities - PH2, page-10

Hyzon was mentioned in the chat, they have a pretty bad track record – they did do a spac deal for Nasdaq and have lost 94% of their value b/c the lied to customers and investors on what they had. A lot of customers are waiting on trucks they ordered in 2021. The SEC fined them $US25M for fraud and misleading investors. They are still trying to sell trucks in Australia and the US.

Hyzon are selling retrofit Trucks – that is someone else’s cab and chassis in what was designed for a diesel truck – with Hyzon installing Hydrogen components. Hdrive are different – they supply a CBU – Completely Build Unit - from the ground up where the design can optimise for the hydrogen components. Hyzon Mkt Cap is $US167M or around $AUD256M.