Parkway Corporate Limited advised that the company has entered into an Amendment Agreement with Worley (the "Amendment Agreement"),
modifying the parties' existing Global Strategic Cooperation Agreement, as originally announced on 8 May 2020. The Amendment Agreement makes the following key changes to the Global Strategic Cooperation Agreement: Application to iBC® technology ­ the scope and commercial terms of the Global Strategic Cooperation Agreement (including the parties' innovative revenue sharing model and mutual exclusivities) have been expanded to apply to the Company's iBC® technology (a patented brine causticisation technology), in addition to the Company's aMES® technology; Extended term ­ the term of the Global Strategic Cooperation Agreement has been extended for an additional two years, by amending the initial term of three years to an updated term of five years; and Reinstatement ­ aside from the above two amendments, all other terms of the Global Strategic Cooperation Agreement remain unchanged. The Amendment Agreement was entered into between Parkway Corporate Limited and Worley Services Pty Ltd, a subsidiary of Worley Ltd.