Termination of Divestment

Key points

• NoviqTech Limited terminates the divestment of Carbon Central and Fuel Central assets
• ASX conditions make the proposed transaction unfeasible
• The company continues to engage with ASX for potential reinstatement
• Market update will follow as per continuous disclosure obligations

Full summary

NoviqTech Limited (ASX: NVQ) has terminated the proposed divestment of its Carbon Central, Fuel Central, NoviqAI, and Quantum Intelligence software assets to Renaissance Group Holdings Limited. The decision follows consultations with the Australian Securities Exchange (ASX), which indicated that conditions imposed on the company could impact its listing on ASX. The Board determined that these conditions could not be satisfied, leading to the termination of the Term Sheet executed on 15 June 2026. NoviqTech is continuing discussions with ASX regarding the conditions for the reinstatement of its shares to quotation on the ASX and will update the market accordingly.