COASSETS LIMITED.(CA8)

company deregistered today

delisted from the close of trading on Friday, 19 June 2020, pursuant to Listing rule 17.11.

we understand the company delisted because of low shareholder numbers, highly concentrated shareholdings, low levels of trading in the shares and the administrative and compliance costs associated with the listing

The company releases the Results of Meeting.

The URL to attend the General Meeting scheduled for 17 June 2020 at 1pm AEST as advised on the Notice of Meeting dated 8 May 2020 is incorrect. Shareholders are requested to use the following URL instead "“ web.lumiagm.com. The Meeting ID remains the same as previously announced - 361-711-078.

Due to the unprecedented uncertainty surrounding the on"going impact and duration of the COVID"19 pandemic, the Company considers it appropriate to reduce its work week from 5"days to 2.5"days effective from today. This will also result in staff salaries reducing by half and all staff will continue to work from home till June 2020. This is a step taken to preserve headcount and also to maintain a continuing high level of liquidity as the current situation unfolds. These arrangements will be reviewed in June 2020.

A General Meeting of the Shareholders of CoAssets Limited will be held at Company Matters, Level 12, 680 George Street, Sydney NSW 2000 on Wednesday 17 June 2020 at 1pm (AEST) and by live webcast at www.lumiagm.com.au with meeting ID 361-711-078.

The company lodges its Quarterly Activities Report and Appendix 4C - March 2020.

In light of the COVID-19 pandemic and its impact on the Group's operations, the Chief Executive Officer & Managing Director and the Chief of Staff have agreed to take a voluntary 25% salary reduction effective from April 2020 onwards. Further executive salary reductions may be taken depending on how the COVID"19 situation develops.

CoAssets Limited has formally applied to ASX to be removed from the official list of ASX. The proposed delisting is considered by the Company's Board to be in the best interests of the Company in light of low shareholder numbers and other factors which have lead the Board to conclude that the costs and administrative burden of remaining listed on ASX outweigh any benefits of a continued listing.

The company has entered into a binding agreement with Ever-Pioneer Brighten Technology Fund for the acquisition of the balance 75% interest in Brighten Finance Limited and the disposal of 49% interest in Fintech Pte Ltd. EPBTF is a fund that is managed by Rassong Asset Management Limited. This agreement does not require shareholder approval under the ASX Listing Rules or under Singapore and Hong Kong laws.

In response to combatting against COVID-19, CoAssets has implemented Business Continuity Plans across the group and its subsidiaries. The plan includes: split team working arrangements for employees; and temporary hiatus for plans for large-scale events and/or large group meetings (internal/external). Routine processes may take a longer turnaround time and that the respective representatives (of each entity) may not be able to conduct meetings as frequently as before. It is business as usual at CoAssets.

Pending a review by ASX of the company's compliance with ASX Listing Rules 3.1, 12.2 and 12.5, ASX has imposed a suspension on the securities of the company under ASX Listing Rule 17.3.

The company lodges its Appendix 4D and 31 December 2019 Interim Report.

The company lodges its Appendix 4C - 31 December 2019.

The securities of CoAssets Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CA8, pending the release of an announcement in relation to the outcome of an inspection under section 150 of Singapore's Securities and Futures Act (CAP.289) of the books, accounts, documents and transactions of CoAssets' subsidiary CoAssets Pte Ltd by the Monetary Authority of Singapore.

listed entity carried for record purposes only