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1 March 2017
Company Announcement Office
Australian Securities Exchange Limited
Re: SSI loan agreement
Reference to GoConnect Ltd ("the Company") announcement to the ASX on 15 February 2017 re Sino Strategic International Ltd in liquidation ("SSI") loan agreement, the Company has now received from SSI an application under section 459P of the Corporations Act 2001 (Cth) seeking to wind up the Company. The matter has been set down for a case management hearing on 22 March 2017 in the Federal Court in South Australia.
As already stated in the Company's announcement to the ASX on 15 February 2017, the application will be defended by the Company. The Company believes it will be successful in defeating the application on the ground of solvency. The Company has already fully accounted for the loan in its accounts since the SSI loan agreement was entered into in 2003.
Richard Li
Chairman
GoConnect Limited
ACN 089 240 353
Level 1, 951 Nepean Hwy,
Bentleigh, Victoria 3204
Australia
Tel 61 3 8833 7242
Fax 61 3 9415 8373