Issue of Shares

The Company has undertaken a review of operations and is implementing cost reduction measures across the business including a redundancy programme to reduce its total workforce, a reduction in head office costs, and an ongoing review of all service providers.

Recyclus Group Ltd ("Recyclus"), has signed an agreement with UK-based shared sustainable transport operator, Beryl, to recycle waste lithium-ion ("Li-ion") batteries from its fleet of e-bikes and e-scooters.