Hi-Tech Pipes Limited — Others, 06-12-2024: Copy of Newspaper Publication

Hi-Tech Pipes Limited has completed the dispatch of the Postal Ballot Notice dated December 5, 2024, to all members as of the cut-off date, November 29, 2024. The ballot will seek shareholder approval regarding the assignment or transfer of assets from Modern Sales Ltd., currently in liquidation, via an e-auction process. This decision may impact the company's strategic positioning and operational structure, potentially enhancing investor confidence by streamlining asset management. Overall, this development presents a positive outlook, aligning with the company’s long-term goals for recovery and expansion amidst ongoing restructuring activities.