Notification and Remediation of Breach of Listing Rule 10.14

Xref Limited (ASX: XF1) regrets to notify investors of an inadvertent breach of ASX Listing Rule 10.14 related to the issue of unlisted options under the Employee Incentive Plan to two Directors. The options were issued before obtaining shareholder approval, constituting a breach. However, upon discovering the error, the Company promptly notified ASX and will cancel the options with no benefit to the Directors. The Company will lodge required disclosures and has reviewed compliance procedures to prevent future incidents. This breach is deemed an isolated event, and transparency has been maintained through past disclosures.

Xref is a business-critical SaaS employer intelligence platform that automates HR tasks, captures employee sentiment, and offers advanced analytics and AI toolsets for organizational insights. The platform's strategic pillars include validating hires, measuring engagement, transforming previous employees into talent pools, and building a network effect. With a verified, private archive of career histories and employee opinions, Xref offers a competitive advantage in the HR tech ecosystem. Founder-led by Lee-Martin Seymour, Xref ensures client satisfaction through innovative solutions and scalable API access to verified talent data, providing a predictable revenue base and operational efficiencies.

For further insights or questions about this announcement, feel free to reach out at investors@xref.com. Visit xref.com for more information.