June 2025 Quarterly Activities/Appendix 5B

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Stock CHEMX Materials Ltd (CMX.ASX)
Release Time 9 Dec 2025, 6:59 p.m.
Price Sensitive Yes
 ChemX Materials Announces DOCA Approval and Board Changes
Key Points
  • DOCA approved for ChemX and subsidiary HiPurA
  • Benelong Capital Partners to acquire ChemX, pay priority creditors in full
  • Alluminous to acquire HiPurA, pay unsecured creditors up to 68 cents in the dollar
  • Warrick Hazeldine resigns as Director
Full Summary

ChemX Materials Limited (ASX: CMX) has provided its quarterly activities report for the period ended 30 June 2025. The key highlights include:- Creditors of CMX and its wholly owned subsidiary, HiPurA Pty Ltd, resolved to execute separate Deeds of Company Arrangement (DOCAs) as part of the voluntary administration process initiated in January 2025.- For the CMX DOCA, Benelong Capital Partners Pty Ltd (BCP) will pay a deposit of $25,000 and a further $120,000 upon satisfaction of key conditions, including removal of PPSR charges, regulatory approvals, and replacement of current directors with BCP nominees. Subject to completion, priority creditors are expected to be repaid in full, and unsecured creditors may receive up to 44 cents in the dollar.- For the HiPura DOCA, Creditors resolved to enter an agreement with Alluminous Pty Ltd, which will pay $2,200,000 to the Administrators. The HiPura DOCA was effectuated in July 2025 and the Administrators have undertaken to pay all non-related party creditors in full, with an estimated distribution of up to 68 cents in the dollar.- During the quarter, Mr Warrick Hazeldine formally resigned as a Director of CMX Materials Ltd on 27 May 2025. The Deed Administrators expressed their appreciation for Mr Hazeldine's support during the Company's restructuring process.