Board meeting held on May 02, 2025

Heads Up Ventures Limited held a Board Meeting on May 2, 2025, but did not approve matters related to a proposed Rights Issue due to the lack of In-Principle Approval from the relevant stock exchanges. The company expects to receive this approval on May 5, 2025, after which the Board will consider the Rights Issue price, size, entitlement ratio, record date, and other related terms. The delay in submitting the outcome of the meeting was due to these pending matters.

Reported results are the point at which prior management commitments become checkable against audited or reviewed numbers.

• Margin trend against the prior period
• Cash from operations against reported profit
• Whether prior guidance is reaffirmed