On January 28, 2022, Image Resources NL announced that it refers to its ASX announcements dated 21 and January 25, 2022, regarding the receipt and subsequent withdrawal of a notice given by Murray Zircon Pty Ltd under section 249D of the Corporations Act 2001. The Company stated that it has received a further notice from Murray Zircon under section 249D of the Corporations Act. The Company added that pursuant to the further notice, Murray Zircon proposes the Company's shareholders consider resolutions to: (i) remove 3 directors of the Company, being Robert Besley, Patrick Mutz, and Chaodian Chen; and (ii) appoint Chaohua Huang, Graham Hewson, and Ran Xu as directors of the Company.

The Company also stated that it would comply with its obligations under the Corporations Act to convene a general meeting of shareholders within 21 days of receipt of the further notice and hold that meeting within 2 months of receipt of the further notice.