Ann: Response to ASX Price Query, page-65

Just a reminder on Hebang.

Hebang is a public company listed on Shanghai Stock Exchange, which focuses on the manufacture of chemicals and photovoltaic products, including feed nutrients , herbicides, photovoltaic module, and other photovoltaic materials.

It is also one of the world’s largest producers of PMIDA (N-phosphonomethyl iminodiacetic acid) and glyphosate, that allows farmers to reduce weed competition and increase yields in food crops to feed the worlds growing populations, both of which use phosphate as its key ingredient.

Hebang is also a major manufacturer of solar panels and has the necessary technology and processes required for a photovoltaic power station, yellow phosphorus factory construction, and as a yellow phosphorus user, has a procurement demand for yellow phosphorus products. It has more than 6,700 employees and generated over US$1.7 billion in revenues.