On April 9, 2018, Aurora Funds Management Limited announced that it has recommended shareholders to vote for all resolutions using Aurora Fund’s proxy form. In addition, Aurora Funds stated that it has provided its formal response to 8IP Emerging Companies Limited letter dated 26 March 2018. Aurora Funds stated that the incumbent board’s response made a number of statements and to deal with those, Aurora Fund is updating on the key points as follows: (1) Company has not provided a superior plan to resolve the persistent discount to net tangible assets, (2) Aurora Fund’s commitment to minimize potential control impact by partially accepting into the Equal Access Buy-Back, (3) Aurora Funds withdraws its resolutions to remove current Company directors to minimize control impact, (4) Company has not provided a response to Aurora Fund’s questions surrounding statements made by Kerry Series regarding Company’s performance, and the true underlying performance figures, (5) Company’s lack of disclosure around the arrangements with Kerry Series that led to Company becoming a shareholder in Big Un Limited, (6) Company continued underperformance, (7) Company’s selective reporting in relation to Aurora Fund’s Fund results.