The Board of Directors is pleased to announce that QADO Ventures Pty Ltd  (QADO) and its wholly owned subsidiaries QV-XA Pty Ltd and QV Operations Pty Ltd have been acquired by London-based Rephyt Limited.

Transaction Fully Completed March 12, 2026

As a result of an EGM held on 11 December 2025 at which shareholders voted in favour of the transaction, on behalf of all shareholders the company has completed a share-for-share swap with Rephyt Limited (Rephyt) in which shareholders received one Rephyt share for every share held in QADO. All former QADO shareholders now hold an equivalent equity interest in Rephyt Limited, and Rephyt owns 100% of QADO.

Rephyt Limited, having its base in London, is strategically well-positioned to leverage the current business opportunities being progressed in Australia, to take advantage of technology and business collaborations emerging in the U.K. and Europe, with the added advantage of access to the substantial capital markets there.

Rephyt CEO, Richard Williams is a strategic and people-focused executive with over 20 years’ leadership experience spanning renewable energy, risk management and advanced engineering. Having started his career in the Lloyd’s of London insurance market, Richard then moved to the high-performance automotive sector, working with leading brands including Aston Martin, McLaren and Porsche on engineering innovation and performance optimisation. In recent years, Richard has focused entirely on clean-technology solutions, with a proven track record in de-risking project execution, accelerating market entry and delivering strong financial performance for investors

Further information on Rephyt Limited will be available soon at  www.rephyt.com