Ark announced that it has signed a binding head of agreement (HOA) with Bmax to acquire 100% of the issued shares in MIJ (Acquisition). Conditional on completing the proposed Acquisition and the Company re-complying with Chapters 1 and 2 of the Listing Rules, the Company will appoint a nominee of Bmax, Mr. Benjamin Emery, to the board of Ark. The appointment will take affect from completion of the acquisition of MIJ.