Overview of ASX query response by Audio Pixels Holdings

Audio Pixels Holdings Limited (ASX: $AKP) has responded to ASX's query letter and half-yearly accounts for the period ended 30 June 2023. The company has been requested to provide detailed explanations and information regarding the materiality of certain events and decisions, as well as its compliance with Listing Rule 12.5 and section 4.22 of Guidance Note 8.

Executive Commentary on ASX Query Response

The company maintains full compliance with ASX Disclosure Rules and emphasizes its commitment to continuous disclosure. It clarifies its decision-making process regarding the materiality of information and justifies its reliance on representations from Earth Mountain (EM) in various instances. Additionally, it highlights its ongoing efforts to secure funds and its confidence in EM's commitment to invest further in AKP.

Summary of ASX Query Response and Outlook

Audio Pixels Holdings Limited has provided detailed responses to ASX's query letter, addressing concerns related to materiality, compliance with Listing Rule 12.5, and reliance on third-party representations. The company has expressed confidence in its continuous disclosure policy and its ongoing efforts to secure funds. Looking ahead, AKP remains optimistic about EM's commitment to invest further, while also diligently exploring alternative sources of funds to support its operations.