On October 30, 2017, BPS Technology Limited announced that it has been made aware by several concerned shareholders that Alceon Liquid Strategies Pty Ltd and LHC Capital Partners Pty Ltd (Requisitioning Shareholders) have written a letter dated October 23, 2017 to some of Company’s shareholders (Alceon and LHC letter) seeking to garner support for the resolutions to be proposed at the general meeting to be held on November 3, 2017 (EGM). Further, the Company stated that consistent with the Requisitioning Shareholders’ past behavior, the Alceon and LHC letter is littered with mis-statements, misrepresentations and inaccuracies. The Company added that some statements may also show a possible misuse by the Requisitioning Shareholders of members’ information provided to them and, potentially, constitute breaches of the law. Further, the Board of Company added that it is concerned that shareholders not be misled by these mis-statements and inaccuracies when exercising their votes at the EGM or when voting by proxy.