• Focused on maintaining ASX listing and resolving compliance issues
• Engaging with liquidators to maximize recoveries and protect shareholder interests
• Pursuing asset disposals to strengthen liquidity and working capital

Freedom Care Group Holdings (FCG) has provided an update to shareholders and the market regarding its current position and strategic direction following a turbulent period that included the suspension of the company's securities from trading on the ASX and the subsequent placement of its primary operating subsidiary into liquidation. These events have materially impacted the group's operations and market confidence. However, the Board of Directors remains focused on stabilizing the company and preserving long-term shareholder value. The directors are actively working to ensure the company maintains its listed status on the ASX, including ongoing engagement with the ASX to ensure compliance with the listing rules and regulatory requirements. The board is also maintaining active and constructive correspondence with the liquidators appointed to the subsidiary, with the objective of maximizing recoveries, ensuring an orderly liquidation process, and protecting the interests of shareholders. The group retains certain investments and non-core assets, and the board is actively pursuing the disposal of these assets to strengthen the company's liquidity position and improve working capital. Upon completion of the asset realisation process and improvement of its liquidity position, the company intends to evaluate a range of strategic alternatives, including recapitalisation initiatives, strategic partnerships or reverse takeover opportunities, capital raising transactions, and potential business acquisitions aligned with a revised strategic focus. The board's objective is to implement a transaction or series of initiatives that restore shareholder value and enable the company to satisfy the ASX's requirements for reinstatement to official quotation.

The company intends to evaluate a range of strategic alternatives, including recapitalisation initiatives, strategic partnerships or reverse takeover opportunities, capital raising transactions, and potential business acquisitions aligned with a revised strategic focus, in order to restore shareholder value and enable the company to satisfy the ASX's requirements for reinstatement to official quotation.