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Feb-March 2020 Report

17 March 2020

To Whom It May Concern

February / March 2020 Report: Orthotouch (Pty) Ltd (In Business Rescue)

Dear Sirs

Business Rescue Proceedings

  1. Commencement of Business Rescue: 7 November 2019
  2. Appointment of Business Rescue Practitioner (BRP) – J du Toit: 14 November 2019
  3. First Meeting of Employees: 27 November 2019
  4. First Meeting of Creditors: 28 November 2019
  5. Business Rescue Plan filing date: 31 March 2020

Business Progress

  1. All timelines have been met, accordingly the BRP is currently in the process of finalising the Business Rescue Plan and will be filed on or before 31 March 2020.
  2. The BRP has completed his investigations and is using all investigative information to finalise the Business Rescue Plan.
  3. The Business Rescue Plan, once available and published, will be made available through public media. The plan will be available to all, at certain dedicated venues, via a drop box link, on the website, and investors / creditors will be informed of the Publication of the Business Rescue Plan by way of SMS or WhatsApp.

The BRP will need to engage with creditors / investors within 10 business days after the Business Rescue Plan has been published. This normally takes place as a 2nd creditors meeting but due to the COVID-19 outbreak and national state of disaster being declared, the BRP will be making alternative arrangements, in line with the Companies Act, to engage with the creditors / investors. This will be advised in due course.

Yours faithfully

Du Toit Business Rescue Practice

Per: Jacques Du Toit (Senior Business Rescue Practitioner)