Ann: Vmoto's 1Q24 Market Update and FY24 Guidance, page-6

In the face of losses your optimism is boundless.

Management continually blame so called ongoing poor economic circumstances in Asia and Europe for the company's worsening performance. Other companies seem to cope. Knowing that sales were falling so drastically why did they proceed with expending capital on extra production capacity when they already had sufficient to allow for predicted sales growth for the next 10 years?

I'm concerned Charles and the other directors are in this for the very long game with little regard for investors. In the meantime they draw significant remuneration and have the hide to ask for additional performance rewards.

I say Vote NO to all resolutions at the forthcoming meeting.