Voluntary Administrators’ Supplementary Report, page-6

I spoke with Bohan Teakle at KPMG today. And he agreed with me that if all the unsecured creditors vote to acceptt the DOCA, then they have the collective voting power to have the DOCA endorsed. Which has Realtek at a big disadvantage, possibly being forced to accept the lessor amount of $500,000.

It's stated in a few places of the report, that negotiations are still ongoing.

"6.3 Asset Sale Agreement (ASA) Under the terms of the proposed DOCA, the DOCA Proponents will acquire all the business assets of the Group, including assets which are subject to Realtek’s security. In exchange for the discharge of Realtek’s registered security over the assets, it will purchase the encumbered assets for $500k which is to be paid directly to Realtek.

At the time of writing, the terms of the proposed ASA is still being negotiated but is expected to be entered into prior to the reconvened meeting on 25 February 2025."