Securelink Shareholder Update

26 February 2026

Dear Shareholder

I am writing to provide you with an important and significant update.

February 2024 suspension from trading on the ASX

The company has been voluntarily suspended from trading on the ASX since February 2024. The initial suspension was caused by delayed financial information from the China operations. This caused the company to miss a financial reporting deadline resulting in the ASX suspending the company from trading. The financial reporting was corrected within the quarter, and the company has continued to meet its reporting obligations since that time.

However, because of the market capitalisation of the company (circa $12m) in February 2024, the company had very limited capacity to raise monies through the issue of more shares without significantly diluting existing shareholders. The company was able to raise debt which allowed the company to continue and pursue the important opportunities which are detailed below.

Reinstatement on ASX

The company has remained voluntarily suspended from trading on the ASX since 2024. Whilst the company has continued to meet its reporting obligations, ASX required the company to meet other conditions for reinstatement which the company was unable to meet in the timeframe required by the ASX.

The ASX will delist the company from the ASX at the commencement of trading on 27 February 2026.

Following careful consideration, the Board believes that pursuing a recapitalisation and future re-listing through a new IPO structure provides a clearer pathway to unlock shareholder value than reinstatement under the legacy capital structure. This approach allows the Company to reposition itself based on its current business fundamentals, strengthened partnerships, and growth trajectory across ASEAN markets.

Company Capital Structure

The company remains a public company. The removal of the company’s shares from the ASX means the company’s shares will no longer be quoted on the ASX. Shareholders will continue to own their shares however the shares will no longer be tradable on the ASX.

Your current shareholding was consolidated at a ratio of 50:1. Therefore, if you owned 1,000 shares your new shareholding will be 20 shares. The consolidation did not change the valuation of the company, only the number of outstanding shares has changed from 4,139,886,265 to 82,796,759.

Company update

Prior to February 2024, the share price of the company had been negatively impacted by the equity facilities entered by the company which unfortunately resulted in over 770m shares being sold by the equity facility providers in less than six months resulting in a collapse of the company’s share price.

As a consequence of the market capitalisation of the company (circa $12m) in February 2024, the company had very limited capacity to raise monies through the issue of more shares without significantly diluting existing shareholders. The company was able to raise debt which allowed the company to continue and pursue the important opportunities which are detailed below.

Since the suspension of the company’s shares from trading on the ASX in February 2024, the company has been able to continue to grow and expand the business and improve shareholder value.

• IBM Partnership and OEM Engagement

  The Company is progressing its strategic partnership with IBM as an IBM Gold Partner (previously announced) and is currently working toward an OEM/Embedded Solutions Agreement (ESA) that will enable the integration of SecureLink’s VSN+ secure connectivity platform with selected IBM technologies within SecureLink-branded managed and platform offerings. The ESA agreement is targeted for completion by the end of March 2026 and is intended to support the delivery of scalable, subscription-based secure connectivity and cybersecurity services with commercial rollout expected thereafter.

  
  

• The joint venture in the Philippines continues to show strong revenue growth for sales of the VSN+ to government and corporate customers.

  
  

• A government contract is expected to be issued within three weeks for the VSN+ to secure data transfers from government data centres to government departments.

  
  

• The company’s debt position has improved by over $4m with repayments and restructuring with debt holders. All debt holders have extended their debt facilities and capped interest rates (12–18%) until October 2027.

  
  

• The company’s lawful interception business has extended its existing contracts with end user telecommunication companies by five years.

  
  

• A new company valuation has been prepared by the company’s advisors which values the company at a minimum of $250m.

  
  

• Since October 2025, the directors and management have been in discussions with three investment banks and three brokers to undertake a capital raise at the new valuation to extinguish the debt and provide working capital to expand into new territories – Vietnam, Indonesia, Cambodia, and Thailand.

  
  

The company remains committed to pursuing strategies to restructure and recapitalise its operations and improve shareholder value.

The company will be providing regular updates on the execution of agreements outlined above as well as the company’s opportunity in the AI space.

The board and management team would like to express their gratitude to the shareholders’ patience and continued support during the last two years.

Further communications will be provided to the shareholders include a notice to have an Extraordinary General Meeting and finalisation of its capital raising activities.

Yours faithfully

James Tsiolis

Chairman, CEO and Executive Director

Securelink Shareholder Update 26 February 2026.pdf

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