Kina Securities Limited ($KSL)

Good morning. My name is Ian Clough. I'm the Chairman of Kina Securities Limited. I have the pleasure in welcoming you to the 2026 Annual General Meeting. This meeting is being held for the first time since COVID as a hybrid meeting with shareholders attending both in person and online via our virtual meeting platform. I'd also like to acknowledge the early start this morning. We have a quorum of shareholders, and I'm pleased to declare the meeting open. I'm very pleased, therefore, to welcome all our shareholders participating today in person or through Kina's virtual meeting platform. Before we move to the formal business of the meeting, I'd like to outline some important housekeeping matters for today's AGM. For those attending in person, should there be an emergency in the building, an alarm will go off and a voice-over alerting us to evacuate the Kutubu Convention Center. Don't panic, don't use the lifts, don't use the escalators. The conference and events team will be available to guide all guests safely out of the venue. Above each door of the venue, there are illuminated safety exit signs to give direction to all. Should the power go off, emergency lights will automatically come on in the venture and the muster point for the Kutubu Convention Center is located in the new retail area, which is past the Hilton Residence building just opposite the convention center. Restrooms are located out on the left side of the halls when you walk out and smoking and chewing a betelnut is prohibited in the meeting spaces. Thank you, and we'll move to the formalities of the meeting. I'd like to introduce you to our fellow directors who are present today: Richard Kimber, who is the Deputy Chair and member of the Remuneration and Nomination Committee and the Risk Committee; Andrew Carriline, who is Chair of the Disclosure Committee, Chair of the Audit Committee and a member of the Risk Committee. Dr. Jane Thomason, who is the Chair of our Remuneration and Nomination Committee; Mr. Paul Hutchinson, who is the Chair of the Risk Committee and a member of the Audit Committee; Mr. Robert Nilkare, who is a member of the Remuneration and Nomination Committee and is also standing for reelection today; Mr. Lutz Heim, who is a member of the Risk Committee, a member of the Audit Committee and is also standing for reelection today. I'd also like to introduce you to our executive management who are present, Mr. Ivan Vidovich, who is our Managing Director and Chief Executive Officer; Mr. Johnson Kalo, who is Chief Financial Officer and Company Secretary; Rayna Heckenberg, who is the Chief Risk Officer; Rina Antonio-Jang, who is the Chief Operating Officer; Rayeleene Elston, who is the Executive General Manager of Business and Retail Banking; and Shirly Prasad, who is the Executive General Manager of Payments and Digital Banking. Also present with us today is Herbert Maguma, who is the Managing Partner of Deloitte PNG and Kina's auditor. Herbert will be available to answer any questions you may have about the conduct of the audit. The agenda for today's meeting is set out on the slide. I will now provide a brief overview of the company's progress to date before turning the meeting over to Ivan to give us further updates on the company's operations and activities. So good morning, again, ladies and gentlemen. It's a pleasure to welcome you all to Kina's Annual General Meeting. On behalf of the Board, I'd like to thank our shareholders for your continued support and confidence in Kina Bank. I also want to acknowledge our customers, our regulators and all of our team members right across Papua New Guinea. It's because of your trust and commitment that we continue to grow as a bank and as an institution. Reflecting on the past year, 2025 has been another year of steady progress for Kina. We have remained disciplined in our -- in how we execute our strategy, deliberate in where we invest and focused on delivering consistent outcomes. In a market that continues to evolve, that consistency is something that we're particularly proud of. Despite ongoing pressures in the broader economic environment, whether that's inflation, foreign exchange constraints or currency movements, we stayed focused on what we can control. The result is a business that continues to strengthen not just in terms of growth, but in terms of our resilience. I'm pleased to share that we delivered a net profit after tax of PGK 115 million, an increase of 14% on the previous year. This is a very strong result in any environment, particularly when you consider the conditions in which we operate. Equally important is the quality of that result. Our underlying profit reached PGK 120 million even after taking a prudent approach to provisioning and addressing a number of older nonperforming loans. This confirms that the fundamentals of the business are sound. Our revenue grew by 12% to PGK 544 million with strong momentum across both our lending and non-lending businesses. Net interest income increased by 20%, driven by continued growth in our loan book and improved returns on government securities. At the same time, our noninterest income continued to build, supported by growth in foreign exchange activity and the increasing adoption of our digital channels. What's particularly pleasing is that we delivered this growth while maintaining discipline in relation to our costs. Operating expenses increased by 7%, reflecting careful management in what's been an inflationary environment. As a result, our return on equity strengthened to 16.6%, a clear sign that we are using our capital more effectively and delivering improved returns. Growth across our core business has been steady and deliberate. Our business lending portfolio grew by 17% with strong engagement with our customers in Port Moresby, Lae and across our regional centers. Home lending also continued to grow, albeit at a more modest pace. Importantly, throughout this growth, we've maintained a disciplined approach to pricing and credit quality. That balance between growth and risk is something we remain very focused on. At the same time, we continue to invest in the future of the bank. This includes strengthening our leadership capability, improving our systems and continuing to build on our digital platforms. These are not just short-term decisions, they are investments that will position Kina Bank for the long term and enable us to better serve our customers as their needs evolve. Our balance sheet remains strong. We closed the year with a capital adequacy ratio of 17%, comfortably within our target range and giving us the capacity to support future growth. As a Board, we are very deliberate about balancing growth ambitions with financial strength and prudent risk management. In recognition of that strong performance and capital position, we're pleased to deliver improved returns to our shareholders. We've declared a final dividend of 19.3 toea per share, bringing total dividends for the year to 31.9 toea per share. This represents a meaningful increase in the previous year and reflects our ongoing commitment to delivering sustainable returns to our shareholders. We're also mindful of the broader environment in which we operate. Papua New Guinea's grey listing has been an important focus, and we've been working closely with our regulators, with government, with our industry partners as part of the national response. At this stage, we do not expect to have -- this to have a meaningful impact on the bank, but this is something we continue to monitor carefully. Looking ahead, we're confident about where Kina Bank is positioned. We're entering the next phase of our journey with a clear strategy and a strong foundation. Our 2030 strategy will guide the next stage of our growth, and we have further strengthened our funding profile through the successful issuance of our corporate bond, a first for PNG. There have also been some changes at a Board level during the year. I'd like to thank Karen Smith-Pomeroy for her contribution and the insight she brought to the Board during her tenure. We welcome Lutz Heim and Robert Nilkare, who bring valuable experience and perspective to Kina. And I'd also like to acknowledge Richard's appointment -- recent appointment as the Deputy Chair. Within the executive leadership team, Johnson Kalo will soon transition from his role as Chief Financial Officer. I'd like to recognize his significant contribution in the leadership and stability he provided during his tenure. We look forward to his continued contribution as Executive General Manager -- sorry, of Wealth Management. And I'd also like to welcome Taiwo Fowowe as our incoming Chief Financial Officer and Company Secretary, who brings strong international experience and will further strengthen our financial leadership and governance. To our management team and to all our team members, thank you. Your effort, professionalism and commitment are what makes these results possible. Every day, you bring our strategy and our values to life, and that does not go unnoticed. Finally, to you, our shareholders, thank you once again for your continued support. We remain focused on protecting your interest, growing the bank responsibly and delivering long-term value. Kina is in a strong position, and we are optimistic about the future. I'd now like to ask Ivan to give his reflections on Kina Group's performance.

Thank you, Chairman, and good morning, everyone. It is a pleasure to welcome you to this year's Annual General Meeting. 2025 was a significant year for Kina Bank. As Papua New Guinea marked 50 years of independence, we also celebrated 40 years of service to the people, businesses and communities of this country. These milestones gave us an important opportunity to not only reflect on how far we have come, but also to reaffirm our role as a national institution contributing to Papua New Guinea's growth and development. Over the past 4 decades, Kina Bank has evolved into Papua New Guinea's second largest bank and a leading challenger in the financial services sector. Against that backdrop, I'm pleased to report that 2025 was a year of disciplined and sustainable growth. We delivered a 14% increase in statutory profit and achieved a return on equity of 16.6%, reflecting the resilience of our business model and the strength of our diversified financial services strategy. This performance was underpinned by continued growth across our core business, including expansion of our loan portfolio, growth in noninterest income and investments into key capabilities to support long-term resilience. At the same time, we maintained a disciplined approach to risk management, ensuring that growth was both sustainable and well controlled. These results were achieved in what remained a challenging operating environment. During the year, we navigated foreign exchange constraints, inflationary pressures and broader economic uncertainty. Despite these challenges, we continued to perform strongly, demonstrating both the resilience of our operations and the capability of our people. A key theme throughout the year has been our continued focus on innovation and inclusion. We made important progress in expanding access to banking services and improving the customer experience. This included the launch of Kina Pei, our contactless digital payment solution as well as major upgrades to our personal online banking platforms. These investments are helping to make banking more accessible, secure and convenient, particularly for customers who have traditionally been underserved. At the same time, we continue to strengthen our physical presence. The opening of our new office in Popondetta, delivered in partnership with MiBank is an example of how we are extending our reach into regional communities and supporting local economic participation. We also advanced a number of strategic partnerships throughout the year, including our investment in Niupay, which plays a key role in enabling public sector digitization across the South Pacific. Beyond financial and strategic performance, we also remain deeply committed to the communities that we serve. Through our Strongim Komuniti Grant program, we continue to deliver practical support across the country, including infrastructure for schools, access to clean water, solar lighting for rural health facilities. These initiatives are simple but impactful and they reinforce our belief that building stronger communities is fundamental to building a stronger nation. This year, we launched our 2030 strategy. At the heart of everything we do is a simple but powerful purpose that articulates our role in nation building, that being creating brighter futures. Our vision is also clear to be the most trusted financial services partner for the people, communities and markets that we serve. To achieve this, we are focused on 6 strategic priorities: putting the customer first, building an empowered team, driving operational excellence, pursuing growth through innovation, serving our communities and embedding governance for sustainable growth. Underpinning this strategy are our change values, which harness the unique strengths of Papua New Guinean culture, combined with the execution standards of an international bank. I'd like to briefly outline 2 examples of how our 2030 strategy is being brought to life. A significant milestone this year was the successful issuance of our PGK 235 million 10-year subordinated bond, which was listed on the PNGX on the 6th of May, making Kina the first institution to issue a corporate bond on the PNGX market. This transaction is important for several reasons. It strengthens our capital base and diversifies our funding profile through access to long-term capital, supports the continued growth of our balance sheet and contributes to the development of Papua New Guinea's domestic capital market. The strong support from institutional and wholesale investors as reflected in the bonds oversubscription, demonstrates confidence in our strategy and performance and underscores our broader commitment to innovation, not only within our business but across the financial services system as a whole. At a product and customer experience level, a key example of our strategy in action is Pei Beta, a new digital wallet. Pei Beta represents a step forward in how we serve our retail banking customers and expand financial inclusion across Papua New Guinea. It is designed to support mass market retail payments to drive fee income growth and scale. It is enabled through key features such as real-time person-to-person transfers, QR code merchant payments, bill payments and other forms of digital engagement. This product leverages the rapid rise of smartphone adoption in our market. We successfully launched Pei Beta in the first half of 2026 for existing Kina Bank customers with broader rollout, including eKYC digital onboarding planned for later this year following regulatory approvals. Digitization is not just an opportunity. It is a necessity, and we are committed to leading this transformation through continued investment, both this year and into the future. Our next major release will be a new corporate online banking platform designed to meet the evolving needs of both small and large businesses across our growing economy. None of what we achieved as an organization would have been possible without our people. I would like to acknowledge the dedication, professionalism and resilience of our teams across the group. Their commitment continues to drive the bank forward every day. We recently announced a planned transition of our Chief Financial Officer role. I would like to acknowledge and thank Johnson Kalo for his significant contribution, particularly the stability and leadership he has provided during a period of change. Johnson has provided an important role in strengthening our financial foundations and supporting our growth, and I'm pleased he will continue in leading our wealth management businesses. We also welcome Taiwo Fowowe to Kina as our new CFO. He brings deep experience across finance, capital management and governance from highly competitive and complex international banking environments. His appointment further strengthens our focus on disciplined growth, strong financial stewardship and long-term value creation as we execute our 2030 strategy. I also extend my thanks to our customers for their trust, our partners for their collaboration and to the Board for their continued guidance and support. Looking ahead, we're clear about the path forward. We will continue to invest in digital capability, expand financial inclusion and strengthen our core businesses while maintaining the financial discipline and risk management that underpin our performance. At the same time, we'll continue to play an active role in supporting national development through partnerships, capital market initiatives and expanded access to banking services across Papua New Guinea. While the operating environment is likely to remain dynamic, we are confident in the strength of our foundations and our ability to deliver long-term value for all our stakeholders. Thank you, and I'll now hand back to the Chairman.

Thanks, Ivan. We will now move to the formal part of the meeting. The Notice of Meeting dated 27 April was released to the ASX and the PNGX and shareholders on the 27th of April. It's available on the company's website as well as the download section of the virtual meeting platform. I will take the Notice of Meeting as read. Before moving on to the various resolutions to be considered today, I'll now briefly outline the meeting and voting procedures for today's meeting. As set out in the Notice of Meeting, all resolutions at the meeting today will be determined by a poll. Voting on all resolutions is now open. Online shareholders may vote via the platform and shareholders in the room should complete their poll cards. As online shareholders, you can cast your vote using the electronic voting card that you received when you registered via the online virtual platform. As shareholders online may vote at any time from now until 5 minutes after the closure of the meeting as announced by me during the AGM. Shareholders attending in person who wish to vote at the meeting would have received a yellow voting card to complete. Nonvoting shareholders received a blue card and visitors received a white card. There will be an opportunity for those holding yellow cards to complete their polling cards at each resolution. However, you may cast your votes at any time from now to the close of the poll and place at the ballot boxes at the back of the room. A representative of MUFG Corporate Markets will act as a returning officer for the purposes of conducting and determining the results of the poll. The results of the poll will be released on the ASX and PNGX and will be available on the company's website as soon as possible after the meeting. As the Chair of the meeting, I will vote all directed proxies in accordance with the directions provided by shareholders. I'm also holding undirected proxies in my capacity as Chair of this meeting, and I intend to vote all such proxies in favor of all resolutions as indicated in the notice of meeting and proxy forms. Online shareholders, please ensure that you've registered through the webcast as a shareholder and not as a guest as only shareholders, their attorneys, proxies and authorized company representatives are entitled to ask questions. If you wish to ask a question, please submit questions by selecting the Ask a Question tab located in the upper right corner of the screen. You can submit questions now or at any time to the vote on the relevant resolution, and they will be dealt with within the appropriate time. If you have a question already prepared, please submit it now so that as many questions as possible can be answered. Questions must relate to the relevant item of business. There will be an opportunity to ask general questions towards the end of the meeting. I ask that we keep our questions short and to the point so that as many shareholders as possible have the chance to ask a question. All online questions will go through a moderator. As Chair, I will then read out the question, and I will either answer the question or pass it to the most appropriate person to answer. We reserve the right to rule out questions not relating to the AGM or that are out of order. Shareholders in the room will be given an opportunity to ask questions at each resolution, and we'll endeavor to answer all questions in the allotted time today. Guests are welcome to observe the proceedings of this meeting, but I'm sure you'll appreciate the participation in the meeting is confined to shareholders and those persons entitled to vote on behalf of shareholders at today's meeting. Prior to asking a question, could you please stand and present your blue or yellow attendance card. A microphone will then be brought to you. Please state your name and the shareholders you represent before asking your question. I will put each resolution to the meeting in turn. The terms of each resolution will be displayed on the screen, and shareholders will then be given the opportunity to ask questions or make comment in relation to that resolution. We'll display the number of proxy votes received for the resolution and then the vote will be taken. I will also provide an opportunity for shareholders to ask general questions after all of the resolutions have been considered. More information regarding online participation at the AGM, including how to vote and ask questions online during the AGM is available in the virtual meeting online guide. The virtual meeting online guide was released to the ASX and PNGX and it is also available on the company's website or in the download section of the virtual meeting platform. I will now move to the formal business of the meeting. This item of general business is to receive, consider and accept the minutes of the previous Annual General Meeting held on the 10th of June 2025 and signed by myself on the 25th of August 2025 as a correct record of the meeting, which the company Secretary has provided to me. Kina's 2025 annual report contains the financial report, the directors' report and the independent auditor's report, which I will refer to collectively as the reports. A copy of Kina's 2025 annual report is available on the company's website as well as the download section of the virtual meeting platform. The financial statements have been audited by Deloitte PNG and approved by the directors. The item -- this item is the receipt and consideration of the reports of Kina. It is not a resolution that requires a vote. I'll take the reports as read and would like to take any general questions or comments about the reports or about the auditor. Are there any questions or discussion of Kina's reports or the auditor from shareholders or those persons entitled to vote on behalf of shareholders in the room? Johnson, are there any questions online?

No, Chair, there are no questions online.

Thank you. We'll now move to the resolutions set out in the Notice of Meeting. The first item of business is the reelection of Mr. Robert Nilkare, OBE OL as a Director of the company. I'll now ask Robert to say a few words.

Thank you, Ian. Shareholders, thank you for the opportunity to address the meeting. My name is Robert Nilkare, and I have been a Director of Kina Securities since August 2025. I am also a member of the Remuneration and Nominations Committee. I am the former PNG Country Manager and current Group Adviser for New Britain Palm Oil Limited, a major agribusiness institution in Papua New Guinea and one of the largest private sector employers. Prior executive roles include being President of the PNG Business Council, Executive Adviser Project Manager for IPBC, which is now known as Kumul Consolidated Holdings. Whilst I was at IPBC, I spent some time as acting Chief Executive Officer and Board Director of PNG Ports Corporation Limited. I formerly served as a Director at Mainland Holdings Limited. I am currently a Board Director of Brian Bell & Company Limited, Chairman of the PNG Palm Oil Producers Association, and a Non-Executive Director of the PNG National Petroleum Authority. I hold a Bachelor of Commerce degree from Bond University and also a graduate of the General Manager Program at the Australian Graduate School of Management, which is the University of New South Wales. All of this has helped and develop my expertise in leadership, commercial acumen, governance and the PNG business environment, which will be instrumental in guiding Kina Securities through its next phase of growth. My focus for Kina is on creating positive outcomes for the customer delivering strong business performance, strengthening market position and growth through innovation, supporting Kina's commitment to challenging the status quo in the financial services sector. I'm committed to serving as a Director of Kina Securities Limited and contributing to the Board's significant experience in the areas of governance, strategic advice and leadership based on my extensive experience in PNG's business sector. Thank you, and I'll now hand it back to Ian.

Thanks, Robert. Thank you. The resolution is displayed on the slide. This resolution is an ordinary resolution, which requires a simple majority of votes cast by shareholders present and entitled to vote on this resolution. The Board, excluding Robert Nilkare, unanimously recommends shareholders vote for this resolution. Are there any questions about the reelection of Robert Nilkare as a director of the company from shareholders or those persons entitled to vote on behalf of shareholders in the room? Johnson, are there any questions online?

No, Chair, there are no questions.

Thank you. It appears there's no further questions. The proxies received are shown on the screen. If there's no further discussion, I now put this resolution to the meeting. If you're in the room, please mark the for, against or abstain box for resolution 1. If you're attending online, please now select for, against or abstain resolution 1 on your electronic voting card. [Voting]

The second item of business is the reelection of Mr. Lutz Heim as a Director of the company. I'll now ask Lutz to say a few words.

Thank you, Ian. Good morning, shareholders, and thank you for the opportunity to address the meeting. My name is Lutz Heim, and I'm a highly experienced executive with extensive expertise in Papua New Guinea's financial services, taxation and governance sectors. I held senior leadership roles, including Chief Operating Officer for state-owned enterprises, Kumul Consolidated Holdings. And I was a Tax and Corporate Finance partner at Deloitte PNG, where I also served as a Country Managing Partner for 3 years. I began my career in Papua New Guinea in 1984 with the then PNG Taxation Office, now called the Internal Revenue Commission, and I served as Chief Assessor, which is responsible for core technical functions within the office. I've spent nearly 10 years as a corporate tax partner with Ernst & Young PNG immediately after that. And between my senior roles in PNG, I spent approximately 7 years as a Corporate Tax Adviser in Australia. I hold a Bachelor of Economics and Postgraduate Diploma in Accounting from Flinders University in South Australia. I currently serve on the Board of St. John Ambulance PNG, which I find very fulfilling and Kumul Hotels Limited. My previous directorships include Nambawan Super Limited, the largest superannuation fund in Papua New Guinea and First Investment Finance Limited. My strong focus is on financial governance, risk management and strategic oversight at Board level to support Kina's commitment in challenging the status quo in financial services. I'm committed to serving as a Director of Kina Securities Limited, contributing to the Board with high-level strategic advisory and governance, and helping guide Kina's future growth and stability. Thank you. I'll now hand over back to the Chair.

Thank you, Lutz. The resolution is displayed on the slide. This resolution is an ordinary resolution, which requires a simple majority of votes cast by shareholders present and entitled to vote on the resolution. The Board, excluding Lutz, unanimously recommends shareholders vote for this resolution. Are there any questions about the reelection of Lutz Heim as a director of the company from shareholders or persons entitled to vote on behalf of shareholders in the room? Johnson, are there any questions online?

Chair, there is a question online. It is from Mr. Stephen Mayne. The question is, given that Deloitte is our auditor, is it suitable that their former Country Chief serves on the Board as an independent director?

I might hand across to Lutz for his thoughts on that, perhaps.

If I can address that, I left Deloitte in 2015. I believe any sort of relationship with that firm is now retreated to arm's length. And pure business relationship. There is no financial or otherwise operational tie with that firm. And I think Herbert can confirm that if he chooses.

We're very confident in Lutz's independence. Thank you.

Thank you. It appears there's no further questions.

No, there are no further questions, Chair.

Thank you. Thanks, Johnson. The proxies that were received are on the screen. And if there is no further discussion, I now put this resolution to the meeting. If you're in the room, please mark the for, against or abstain box for Resolution 2. And if you're attending online, please now select for, against or abstain next to resolution 2 on your electronic voting card. [Voting]

Resolution 3 relates to the appointment of Deloitte PNG as the auditor of the company. The resolution is displayed on the slide. This resolution is an ordinary resolution, which requires a simple majority of the votes cast by shareholders present and entitled to vote on the resolution. The Board unanimously recommends shareholders vote for this resolution. Are there any questions about the appointment of Deloitte as the auditor of the company from shareholders or those persons entitled to vote on behalf of shareholders in the room. Johnson, are there any questions online?

No, Chair, there are no questions online.

Thank you. The proxies received are shown on the screen. If there is no further discussion, I now put this resolution to the meeting. If you're in the room, please mark for, against or abstain on the box in Resolution 3. If you're attending online, please now select for, against or abstain next to resolution 3 on your electronic voting card. [Voting]

Resolution 4 is the approval of the directors' fee pool. The resolution is displayed on the slide. This resolution is an ordinary resolution, which requires a simple majority of votes cast by shareholders present and entitled to vote on the resolution. Given the interest of the directors in this item, the Board makes no recommendation in relation to Resolution 4. Are there any questions about the approval of the directors' fee pool from shareholders or those persons entitled to vote on behalf of shareholders in the room? Johnson, are there any questions online?

No, Chair, there are no questions online.

Thank you. The proxies received are shown on the screen. If there's no further discussion, I now put this resolution to the meeting. If you're in the room, please mark for, against or abstain for Resolution 4. And if you're attending online, please now select for, against or abstain next to resolution 4 on your electronic voting card. [Voting]

Resolution 5 is the approval of the grant of performance rights to Mr. Vidovich for financial year 2025. The resolution is displayed on the slide. This resolution is an ordinary resolution, which requires a simple majority of votes cast by shareholders present and entitled to vote on the resolution. The Board, excluding Mr. Vidovich, unanimously recommends shareholders vote for this resolution. Are there any questions about the grant of performance rights to Mr. Vidovich for the financial year 2025 from shareholders or those persons entitled to vote on behalf of shareholders in the room? Johnson, are there any questions online?

No, Chair, there are no questions online.

Thank you. It appears there's no further questions. So this -- the proxies received are shown on the screen. If there is no further discussion, I now put this resolution to the meeting. If you're in the room, please mark for, against or abstain for Resolution 5. If you're attending online, please now select for, against or abstain next to Resolution 5 on your electronic voting card. [Voting]

Resolution 6 is the approval of the Kina Performance Rights Plan. The resolution is displayed on the slide. This resolution is an ordinary resolution, which requires a simple majority of votes cast by shareholders present and entitled to vote on the resolution. The Board unanimously recommends shareholders vote for this resolution. Are there any questions about the approval of Kina's Performance Rights Plan from shareholders or those persons entitled to vote on behalf of shareholders in the room? Johnson, are there any questions online?

No, Chair, there are no questions online.

Thank you. The proxies received are on the screen. If there's no further discussion, I will now put this resolution to the meeting. If you're in the room, please mark for, against or abstain for Resolution 6. If you're attending online, please now select for, against or abstain next to Resolution 6 on your electronic voting cards. [Voting]

That concludes the formal part of the meeting. Please submit your votes now if you haven't already done so. The poll will close 5 minutes after the end of the meeting. As I mentioned earlier, the results of the meeting will be announced to the ASX and PNGX as soon as possible after the votes have been counted and verified. I'd now like to invite any questions or general comments about the company. However, before I do, I'll address any general comments received ahead of today's meeting. Johnson, are there any advanced questions for the meeting that we need to discuss?

No, Chair, there are none online.

Thank you. I'll now open up to questions for anyone in the room, if there's anyone with any questions. No. Thank you. Given that there's no further questions, once again, please ensure that you submit your votes online using the online voting card. And if you're in the room, please mark for, against or abstain in each box for each resolution. And if you've got any questions, please raise your hand and an attendant will assist you. Representatives from MUFG Corporate Markets will now collect your completed voting cards on the way out. Shareholders attending online can submit their vote until 5 minutes after the meeting closes. If there are no further questions, that concludes the business of the meeting, and I now declare the meeting closed, and thank you for attending and for your continued support of Kina Securities. Thank you.