Withdrawal of Resolution & Resignation of Director

Wellnex Life Limited

27 November 2025

 

ASX/AIM Announcement                                                                              27 November 2025

Wellnex Life Limited (ASX/AIM: WNX)

Update on Loan repayment, Withdrawal of AGM Resolution and Board Change

Wellnex Life Limited ("Wellnex" or the "Company") (ASX | AIM: WNX), announces that it has reached an agreement with Mr George Karafotias, former director, to repay his loan ("Loan") by 21 April 2026. Consequently, resolution 13 at today's AGM, which relates to the approval of issue of shares to repay the Loan, has been withdrawn.

Further to the Company's announcement on 28 October 2025 regarding Vivienne Zhang's intention to not stand for election and resign from the Board before the AGM, the Board confirms that Ms Zhang has now resigned from the Board with effect from today. Vivienne Zhang did not stand for re-election as a director at the AGM at her own request, to enable her to focus on her day to day responsibilities The Board would like to thank Ms Zhang for her contribution as a Board of director and look forward to continuing working with her as the Company's Chief Financial Officer.

As previously announced, the Board notes that ASX-listed companies do not typically appoint Finance Directors to the main board. The Company does not currently intend to seek a replacement Board finance director, but will keep the position under review, taking into account market governance practices on the AIM market in the UK.

This ASX/AIM announcement has been authorised by the Board of Wellnex Life Limited (ASX/AIM:WNX).

The information contained within this announcement is deemed by the Company to constitute inside information pursuant to article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended

For further information, please contact:

Wellnex Life Limited (ASX:WNX)                               Reach Markets

Ash Vesali                                                                      T: 1300 805 941

Executive Chairman                                                       E: [e-mail]

E:  [e-mail]

UK Investors

Strand Hanson (Financial & Nominated Advisor)     

James Harris / Richard Johnson                                  Tel: [phone]

Orana Corporate LLP (Joint Broker)                            [e-mail]

Sebastian Wykeham    

S.P. Angel Corporate Finance LLP (Joint Broker)        Tel: [phone]David Hignell / Vadim Alexandre

 

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