On December 1, 2023, Epsilon Healthcare Limited announced that it has received notice from Watercrest Asset Management Pty Ltd (Requisitioning Shareholder) that on November 21, 2023, the Requisitioning Shareholder notified the Company to propose a resolution at a general meeting for the removal of Alan Preston Beasley from the board of directors of the Company under section 203D of the Corporations Act 2001 and on November 23, 2023, the Requisitioning Shareholder requested the Company convene a general meeting of shareholders under section 249D of the Act. In addition, the Company has taken external legal advice in relation to the validity of the Section 203D Notice and the Section 249D Notice and has confirmed that the Company are valid in each case and the directors of the Company are required to call a general meeting within 21 days after a request under section 249D of the Act is given to the Company and to hold that meeting within two months after receipt of that request.