• Cornerstone investors to convert $3.25m of debt into equity at 100% premium
• Eliminates Visionflex's debt, strengthening the balance sheet
• One of the final steps in Visionflex's capital structure reset

Visionflex Group Limited (ASX:VFX) has entered into binding agreements with its two cornerstone investors, John Plummer and Adcock Private Equity, to convert all amounts owing (principal and accrued interest) under their Debt Facility Agreements ('DFAs') into fully paid ordinary shares at $0.004 per share. This conversion price represents a 100% premium to the last close price of $0.002. The total amount to be converted is approximately $3.25m, which will eliminate all of Visionflex's outstanding debt, removing interest costs and creating a cleaner capital structure. The conversion reinforces the commitment of the cornerstone investors and aligns their interests with those of all shareholders. It represents one of the final steps in Visionflex's capital structure reset, positioning the business to focus on execution and growth. An Independent Expert has been appointed, and shareholder approvals will be sought at the AGM on 18 November 2025. Upon completion, John Plummer and Adcock Private Equity are expected to hold approximately 42% and 23% of the company's shares, respectively.

Visionflex believes that by eliminating debt and simplifying its capital structure, it has created a stronger foundation to pursue growth opportunities in the fast-growing virtual care economy and deliver value to all shareholders.