On July 27, 2023, Bubs Australia Limited announced that it held its extraordinary meeting of shareholders on July 27, 2023, and declared voting results. Accordingly, resolutions submitted by Infant Food Business Pty Limited regarding the resolutions to appoint James Jackson, Peter Nathan and Rupert Soar has not been approved and for removal of Katrina Rathie, Steven Lin, Paul Jensen and Reg Weine has also not been approved as directors by the shareholders of the Company.