Ann: Shareholder Update, page-3

ADDITIONAL TRANSLATIONS FOLLOW:

"In November, the company finalised (and funded) its joint venture company, Securelink,
with PT&T in the Philippines."
TRANSLATION:
As per usual NET is promising that there is "blue sky" in the Philipinnes.
If you believe that this business idea will make money for NET (just like all the other failed business ideas) you must be crazy and deserve to buy more shares in NET".

" The official launch will be in late February 2025."
Translation:
There will be a launch but who cares there have been so many launches in the past what is another launch.


" Securelink will be bundling VSN with its broadband services and offered to the existing PT&T
enterprise customers which comprise of 400,000 companies. Broadband services will
include traditional fibre optical cable, 5G and Starlink satellite services."
TRANSLATION:
As per usual we are making absurd claims about what NET can sell to PTandT customers. If you believe that Philipinno companies will buy NET products then either PT and T customers are totally stupid because they are buying dated software that could not sell in China with thousands of sales reps OR this is just another promise from Tsiolis.

"As noted previously the company is winding down its activities in China and will sell the
business unit, ilinkall over the next 3 months. "
TRANSLATION:
We need to finally come clean on our failed promise that the Chinese will buy NET software. If anyone can find some one stupid enough to buy ilinkall please direct them to Tsiolis ASAP. Otherwise ilinkall is as worthless as NET shares when (and if) they relist.