FORM 6-K
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
dated November 29, 2018
Commission File Number 0-51504
GENETIC TECHNOLOGIES LIMITED
(Exact Name as Specified in its Charter)
N/A
(Translation of Registrants Name)
60-66 Hanover Street
Fitzroy
Victoria 3065 Australia
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused the Report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: November 29, 2018
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GENETIC TECHNOLOGIES LIMITED |
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By: |
/s/ Kevin Fischer |
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Name: |
Kevin Fischer |
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Title: |
Company Secretary |
ASX ANNOUNCEMENT
29 November 2018
Results from 2018 Annual General Meeting
Melbourne, Australia; 29 November 2018 : Genetic Technologies Limited (ASX: GTG; NASDAQ: GENE, Company) advises that the 2018 Annual General Meeting of shareholders was held at 10.30 am today (Melbourne time).
In accordance with Listing Rule 3.13.2 and section 251AA of the Corporations Act 2001(Cth) , details of the proxies received in respect of each resolution put to shareholders are set out in Table 1 to this announcement. All resolutions that were put before the shareholders were passed on a show of hands.
FOR FURTHER INFORMATION PLEASE CONTACT
Dr Paul Kasian |
Jason Wong (USA)) |
Chairman and Interim CEO |
Blueprint Life Science Group |
Genetic Technologies Limited |
+1 (415) 375 3340, Ext. 4 |
+ 61 3 8412 7000 |
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About Genetic Technologies Limited
Genetic Technologies Limited (ASX: GTG; Nasdaq: GENE) is a diversified molecular diagnostics company embracing blockchain technologies across Genomic testing platforms. GTG offers cancer predictive testing and assessment tools to help physicians proactively manage patient health. The Companys lead product, BREVAGen plus ® , is a clinically validated risk assessment test for non-hereditary breast cancer and is first in its class. For more information, please visit www.brevagenplus.com and www.phenogensciences.com.
Genetic Technologies is developing a pipeline of risk assessment products including a novel colorectal cancer (CRC) test. For more information, please visit www.gtgcorporate.com
Safe Harbor Statement
Any statements in this press release that relate to the Companys expectations are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees. Since this information may involve risks and uncertainties and are subject to change at any time, the Companys actual results may differ materially from expected results. Additional risks associated with Genetic Technologies business can be found in its periodic filings with the SEC.
Genetic Technologies Limited · Website : www.gtglabs.com · Email : info@gtglabs.com ABN 17 009 212 328
Registered Office · 60-66 Hanover Street Fitzroy Victoria 3065 Australia · Postal Address P.O. Box 115 Fitzroy Victoria 3065 Australia
Phone +61 3 8412 7000 · Fax +61 3 8412 7040
Table 1 - Proxy results for 29 November 2018 Annual General Meeting
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Manner in which the securityholder directed the proxy vote |
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Description of Resolution |
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For |
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Against |
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Discretionary
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Discretionary
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Abstain |
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Consideration of Financial Statements |
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No Vote Required |
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1. Adoption of the remuneration report |
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Number of votes received |
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178,398,195 |
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16,350,754 |
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3,228,194 |
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1,062,000 |
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1,604,888 |
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Percentage of votes cast |
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89.7 |
% |
8.2 |
% |
1.6 |
% |
0.5 |
% |
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2. Re-election of Dr Lindsay Wakefield as a Director |
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Numbers of votes received |
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192,965,142 |
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10,770,125 |
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24,431,938 |
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1,062,000 |
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643,333 |
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Percentage of votes cast |
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84.1 |
% |
4.7 |
% |
10.7 |
% |
0.5 |
% |
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3. Adoption of employee option plan |
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Numbers of votes received |
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190,053,435 |
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12,758,580 |
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25,216,608 |
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1,062,000 |
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781,915 |
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Percentage of votes cast |
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82.9 |
% |
5.6 |
% |
11.0 |
% |
0.5 |
% |
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4. The issue of performance rights to Dr Paul Kasian |
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Numbers of votes received |
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155,696,317 |
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48,499,893 |
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24,240,938 |
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1,062,000 |
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373,390 |
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Percentage of votes cast |
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67.8 |
% |
21.1 |
% |
10.6 |
% |
0.5 |
% |
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5. The issue of performance rights to Dr Lindsay Wakefield |
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Numbers of votes received |
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147,370,304 |
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48,560,643 |
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24,180,938 |
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1,062,000 |
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373,390 |
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Percentage of votes cast |
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66.6 |
% |
22.0 |
% |
10.9 |
% |
0.5 |
% |
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6. The issue of performance rights to Dr George Muchnicki |
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Numbers of votes received |
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155,469,368 |
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48,559,893 |
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3,341,250 |
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1,062,000 |
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536,783 |
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Percentage of votes cast |
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74.6 |
% |
23.3 |
% |
1.6 |
% |
0.5 |
% |
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7. The issue of performance rights to Mr Peter Rubinstein |
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Numbers of votes received |
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155,524,174 |
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48,560,643 |
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24,180,938 |
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1,062,000 |
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544,783 |
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Percentage of votes cast |
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67.8 |
% |
21.2 |
% |
10.5 |
% |
0.5 |
% |
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Manner in which the securityholder directed the proxy vote |
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Description of Resolution (cont.) |
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For |
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Against |
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Discretionary
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Discretionary
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Abstain |
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8. The issue of performance rights to Mr Sam Lee |
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Numbers of votes received |
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155,589,067 |
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48,313,643 |
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24,434,438 |
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1,062,000 |
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473,390 |
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Percentage of votes cast |
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67.8 |
% |
21.1 |
% |
10.6 |
% |
0.5 |
% |
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9. Approval of issues under the standby equity placement facility (Kentgrove Capital Growth Fund) |
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Numbers of votes received |
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82,207,752 |
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17,356,086 |
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24,221,108 |
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1,062,000 |
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907,497 |
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Percentage of votes cast |
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65.9 |
% |
13.9 |
% |
19.4 |
% |
0.8 |
% |
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10. Ratification of issues under the standby equity placement facility (Kentgrove Capital Growth Fund) |
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Numbers of votes received |
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82,808,828 |
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16,755,010 |
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24,221,108 |
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1,062,000 |
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907,497 |
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Percentage of votes cast |
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66.3 |
% |
13.4 |
% |
19.4 |
% |
0.9 |
% |
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11. Strategic Alliance and issue of milestone shares to Blockchain Global Limited |
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Numbers of votes received |
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188,011,750 |
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16,098,020 |
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3,282,194 |
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1,062,000 |
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515,330 |
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Percentage of votes cast |
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90.2 |
% |
7.7 |
% |
1.6 |
% |
0.5 |
% |
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12. Approval of proposed new placement of shares to sophisticated investors |
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Numbers of votes received |
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183,271,433 |
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19,784,742 |
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24,185,438 |
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1,062,000 |
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1,568,925 |
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Percentage of votes cast |
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80.2 |
% |
8.7 |
% |
10.6 |
% |
0.5 |
% |
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13. Approval of increased placement facility |
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Numbers of votes received |
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182,075,593 |
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20,886,412 |
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24,221,108 |
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1,062,000 |
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1,627,425 |
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Percentage of votes cast |
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79.8 |
% |
9.1 |
% |
10.6 |
% |
0.5 |
% |
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*Discretionary votes in favour of the Chair of the meeting voted for the resolution
Note: The Company currently has a total of 2,644,115,824 ordinary shares on issue and 4,763 registered shareholders.
ASX ANNOUNCEMENT
29 November 2018
2018 Annual General Meeting
Melbourne, Australia; 29 November 2018 : Genetic Technologies Limited (ASX: GTG; NASDAQ: GENE, Company) is pleased to release the attached slide show presentation which will be delivered by its Interim Chief Executive Officer, Dr Paul Kasian, at the Companys 2018 Annual General Meeting to be held at approximately 10.30 am this morning at 60-66 Hanover Street, Fitzroy, Victoria, Australia.
FOR FURTHER INFORMATION PLEASE CONTACT
Dr Paul Kasian |
Jason Wong (USA) |
Chairman and Interim CEO |
Blueprint Life Science Group |
Genetic Technologies Limited |
+1 (415) 375 3340, Ext. 4 |
+ 61 3 8412 7000 |
|
About Genetic Technologies Limited
Genetic Technologies Limited (ASX: GTG; Nasdaq: GENE) is a diversified molecular diagnostics company embracing blockchain technologies across Genomic testing platforms. GTG offers cancer predictive testing and assessment tools to help physicians proactively manage patient health. The Companys lead product, BREVAGen plus ® , is a clinically validated risk assessment test for non-hereditary breast cancer and is first in its class. For more information, please visit www.brevagenplus.com and www.phenogensciences.com.
Genetic Technologies is developing a pipeline of risk assessment products including a novel colorectal cancer (CRC) test. For more information, please visit www.gtgcorporate.com
Safe Harbor Statement
Any statements in this press release that relate to the Companys expectations are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act . The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees. Since this information may involve risks and uncertainties and are subject to change at any time, the Companys actual results may differ materially from expected results. Additional risks associated with Genetic Technologies business can be found in its periodic filings with the SEC.
Genetic Technologies Limited · Website : www.gtglabs.com · Email : info@gtglabs.com ABN 17 009 212 328
Registered Office · 60-66 Hanover Street Fitzroy Victoria 3065 Australia · Postal Address P.O. Box 115 Fitzroy Victoria 3065 Australia
Phone +61 3 8412 7000 · Fax +61 3 8412 7040
GENETIC TECHNOLOGIES LIMITED DISEASE RISK ASSESSMENT ON A GLOBAL SCALE 1
Forward Looking Statements This presentation may containforward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. SecuritiesExchange Act of 1934 with respect to the financialcondition,resultsandbusinessachievements/performanceof Genetic Technologies Limited and certain of the plans and objectives of its management. These statements are statements that are not historical facts. Words such as should, expects, anticipates,estimates, believes orsimilarexpressions, as theyrelateto GeneticTechnologies Limited, nature, are intended toidentify forward-looking statements. By their forward-looking statementsinvolve risk and uncertainty because they reflectGeneticTechnologiescurrentexpectationsandassumptionsas to future events and is no guarantee that circumstances that may not prove accurate. There the expected events, trends or results will actually occur.Any changes in such assumptions or expectations could cause actual results to differ materially from current expectations. 2
By 2020, 50 percent of global health care expenditures will be spent on these diseases: Cancer Cardiovascular Respiratory Global healthcare spending is expected to reach $8.7 trillion by 2020. The number of diabetes sufferers globally is expected to rise from 415 Chronic disease accounts for 84% million to 642 million by 2040. of healthcare spending. Urbanization Sedentary lifestyles Changing diets Chronic disease is fueled by: https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Life-Sciences-Health-Care/gx-lshc-hc-outlook-2018.pdf 3
Targeted screening reducesthe costof healthcare. Early detection reduces the need for expensive, late-stage care. Limited screening resources can be targeted to those at increased risk. 4
Our flagshiptest,BREVAGenplus®, predicts a womansriskof developing breast cancer. 5
Screening BREVAGenplus® allows providers to target limited resources to women who are most likely to Medication develop cancer. breast Lifestyle 6
Additional screening tests are in development. rb (] G'ti rt-(] rb 0" :b' .s (] G1i ':SJ <:; G'ti c..; 'Z> 0 1) 'Z> 0-r:-0 ?yo 2} 01> <( 1> cz',""' o" () ) r§ <:< " () 7
Respected collaborators accelerate development. The University of Melbourne is Australias peak research university. Our collaboration with Professor John Hopper led to our NHMRC Grant. The National Health and Medical Research Council is Australia's peak funding body for medical research. 8 Ohio State University Ohio State University operates a clinical genetics service and is a leader in predictive genetic research for breast cancer. GTG is collaborating with Amanda Toland, Director of Clinical Genetics and a leader in the field of genetic risk for breast cancer. Together, we are exploring polygenic risk as a means to more informed decision-making for women with BRCA mutations.
Comprehensive healthcare plan for 1.5 billion people Disease prevention to control costs Healthy China 2030 GTG genetic tests predict an individuals risk of developing disease. Healthcare resources directed to people most at risk. Early intervention treatment. and less costly 9
10 Part of the Hainan Free Trade Zone Initiative Allows foreign companies to safely introduce IP and repatriate profits Through our partnership with Zishan Health, GTG has been invited to participate. HainanMedicalPilot Zone
11 Part of the Hainan Free Trade Zone Initiative Allows foreign companies to safely introduce IP and repatriate profits Through our partnership with Zishan Health, GTG has been invited to participate. HainanMedicalPilot Zone
Fast-track access to the Chinese FDA Connections into the Chinese healthcare sector Zishan Health Consultancy Track record of introducing non-Chinese companies into the Hainan Free Trade Zone In-country sales and marketing, both in Hainan and other provinces 12
Development of region-specific tests where data will be managed on the blockchain Advancing genomicson the blockchain Combining technology capabilities GTG core with blockchain Continuing to work with Blockchain Global to identify new opportunities 13
R&D to develop new tests Refreshed Board eCommerce Platform While these initiatives impacted our ability to generate short-term revenue, we eliminated the cost of an Global Expansion ineffective sales force, focused on R&D and initiated the partnerships that will secure our global future. 2018: Aligning Structure with Strategy 14
Thank You Paul Kasian Chairmanand CEO Email: paul.kasian@gtglabs.com Web: www.gtgcorporate.com 15