On August 3, 2020, Smiles Inclusive Limited has received a notice from Phi Long Investment Pty Ltd (Phi Long), CDentist Pty Ltd (CDentist), Philip Makepeace (Makepeace), Arthur Mark Walsh (Walsh) and Makepeace Nominees Pty Ltd intended to call and arrange to hold a general meeting of the Company in accordance with section 249F of the Corporations Act 2001 (Cth) (Act) (Notice). The Notice states an intention to move resolutions under section 203D(2) of the Act to remove each of directors of the Company, and to remove any person appointed as a director on and from August 3, 2020 until the commencement of the general meeting (Resolutions). In addition, the Company stated that the Requisitioning Shareholders do not propose alternative directors in the notice.