BUILDINGIQ, INC(BIQ)

The appointed liquidators of BuildingSense have continued to progress with the winding up of the entity. The Directors have complied with all requests to date and the process is significantly advanced, with an expectation that it will be completed in the next 6 to 8 months based on initial timeline provided by the liquidators, however the Directors are not aware of any committed final completion date as of the date of this announcement. As for BuildingIQ Pty Ltd, the directors have complied with all information requested to date and negotiations between legal representatives for both parties are underway. Negotiations have progressed through a number of rounds of offers however, no settlement has been reached as yet. The Directors are actively involved in the negotiations and are committed towards resolving the matter with the support of the company's majority shareholder; SNAPS Holding Company.

The company releases a notification of cessation of securities - BIQ.

The company releases a notice of application for quotation of securities - BIQ.

Under Listing Rule 17.6, any entity (if not already suspended) that has not paid its annual listing fees by close of business on Friday, 19 February 2021 will have its securities suspended from official quotation before the commencement of trading on Monday, 22 February 2021. The company has not paid the second instalment of its annual listing fees in respect of the year ending 30 June 2021 but the securities are already suspended from official quotation.

The Directors of BuildingSense have resolved to wind up the entity as a direct result of the receivership. Mr Robert Ditrich and Craig Crosbie of PwC Australia have been appointed as liquidators of BuildingSense and will be assisting with the process of winding up the entity.

The company lodges its Appendix 4C - quarterly.

The company lodges its Quarterly Activities Report.

Shareholders in this company may consider crystallising a capital loss in 2020/21 by selling their worthless shares, which they can achieve online by entering transaction details here. While this usually makes good economic sense, we recommend you seek professional advice before buying or selling securities, in this case your accountant is probably the best person.

The Receivers and Managers have taken control of BuildingSense Australia Pty Ltd's bank accounts and accounts receivable. As a result of the receivership, several notices of cancellation of contracts from customers have been received. The Directors of BuildingSense Australia Pty Ltd have made the decision to terminate all employees and contractors of BuildingSense Australia Pty Ltd effective immediately to prevent further liabilities being incurred by the entity. The Receivers and Managers have taken control of BuildingIQ Pty Ltd's bank accounts and accounts receivable. The Receivers and Managers have taken control of BuildingIQ Pty Ltd's bank accounts and accounts receivable.

6,861,792 unlisted options have lapsed in accordance with the terms of which they were issued. 2,287,264 at $0.067; 2,287,264 at $0.1125 and 2,287,264 at $0.1350.

Certain subsidiaries, being BuildingIQ Pty Ltd and BuildingSense Australia Pty Ltd, received correspondence regarding the appointment of Receivers and Managers over certain assets of the subsidiaries. The Company is investigating the validity of the notice and alleged basis of the appointment. The debt over which the Receivers and Managers have been appointed has been guaranteed by the BuildingIQ Group. The financial position of BuildingIQ is not dependent on BuildingIQ Pty Ltd and BuildingSense Australia Pty Ltd and BuildingIQ has conditional access to certain debt facilities to address the BuildingIQ Group companies' valid debts. SNAPS Holding Company, a major shareholder and secured lender of the BuildingIQ Group, is prepared to take appropriate actions against all invalid actions by any 3rd party entity to protect its investment, and SNAPS remains committed towards its growth. Once the notice and debt are validated by SNAPS to be true and correct, BuildingIQ Pty Ltd and BuildingSense Australia Pty Ltd shall undertake further negotiations and discussions with the parties involved and shall continue to pursue resolution through negotiations.

The securities of BuildingIQ, Inc will be suspended from quotation immediately under Listing Rule 17.3, pending the release of an announcement regarding the appointment of Receivers and Managers over certain assets of its subsidiaries, BuildingIQ Pty Ltd and BuildingSense Australia Pty Ltd. The securities will remain suspended until the announcement is released.

The securities of BuildingIQ, Inc. will be reinstated to Official Quotation as from the commencement of trading on Friday, 11 September 2020 following lodgement of its auditor reviewed Half Year Financial Report for the period ended 30 June 2020.

The company lodges its Auditor Reviewed 2020 Interim Report.

897,938 unlisted options have lapsed in accordance with their terms due to employee departures. Following the expiry of these options, the company has on issue a total of 21,818,674 unlisted options.

The company's securities will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 September 2020, following their failure to lodge the relevant periodic report by the due date.

The securities of BuildingIQ, Inc will be reinstated to Official Quotation as from the commencement of trading on Monday, 4 May 2020 following lodgement of its quarterly activity report for the quarter ended 31 March 2020.

The company lodges its Quarterly Activities Report.

suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 May 2020, following failure to lodge the relevant periodic report by the due date

listed entity carried for record purposes only