On December 20, 2023, Epsilon Healthcare Limited announced that it has issued a notice advising the shareholders of the cancellation of extraordinary general meeting (EGM) convened for December 22, 2023. The Company added that the EGM was called for shareholders to consider, and if thought fit, approve the resolutions to appoint Peter Giannopoulos, Lou Cattelan, and Gary Radcliff as directors of the Company and to remove Xiao (Josh) Cui and Stuart Cameron as directors of the Company. The Company also stated that pursuant to section 436A of the Corporations Act 2001 (Cth) Ian James Purchas and Hugh Armenis of SV Partners were appointed as joint and several voluntary administrators of the Company.

The Company stated that the voluntary administrators have determined that it is no longer necessary to hold the EGM and, in order to avoid the unnecessary costs and disruption associated with holding the EGM, it is in the best interests of the Company, its members and creditors to cancel the EGM.