<SEC-DOCUMENT>0001213900-22-054255.txt : 20221117
<SEC-HEADER>0001213900-22-054255.hdr.sgml : 20221117
<ACCEPTANCE-DATETIME>20220906163205
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001213900-22-054255
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20220906

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Integrated Media Technology Ltd
		CENTRAL INDEX KEY:			0001668438
		STANDARD INDUSTRIAL CLASSIFICATION:	HOUSEHOLD AUDIO & VIDEO EQUIPMENT [3651]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			C3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		LEVEL 7, 420 KING WILLIAM STREET
		CITY:			ADELAIDE
		STATE:			C3
		ZIP:			SA 5000
		BUSINESS PHONE:		61873246018

	MAIL ADDRESS:	
		STREET 1:		LEVEL 7, 420 KING WILLIAM STREET
		CITY:			ADELAIDE
		STATE:			C3
		ZIP:			SA 5000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	China Integrated Media Corp Ltd
		DATE OF NAME CHANGE:	20160302
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><IMG SRC="image_001.jpg" ALT=""></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white">September 6,
2022</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white">Division of
Corporate Finance<BR>
Office of Manufacturing</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white">Securities
and Exchange Commission</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white">Washington
DC 20549</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0pt; width: 12%; font-size: 10pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt; background-color: white">Attention:</FONT></TD>
    <TD STYLE="padding: 0pt; width: 88%; font-size: 10pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt; background-color: white">Heather Clark</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0pt; font-size: 10pt; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="padding: 0pt; font-size: 10pt; text-indent: 0pt"><FONT STYLE="background-color: white">Claire
Erlanger</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.65pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 49.65pt; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white">Dear Madam,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%"><B>RE:</B></TD>
    <TD STYLE="width: 96%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B> Integrated Media Technology Limited (the &ldquo;Company&rdquo;)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>Annual Report on Form 20-F for the year ended December 31, 2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>Filing date April 28, 2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B>File No. 001-38018</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">We are providing
this letter in response to comments (the &ldquo;<B>Comments</B>&rdquo;) received from the staff of the U.S. Securities and Exchange Commission&rsquo;s
Division of Corporation Finance (the &ldquo;<B>Staff</B>&rdquo;) by letter dated August 16, 2022, received on August 23, 2022, with respect
to our Annual Report on Form 20-F that was filed on April 28, 2022, as amended. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">Set forth
below is our response to the Comments, which for your convenience we have incorporated into this response letter. Capitalized terms used
in this response letter but not otherwise defined in this response letter shall have the meanings set forth in our Annual Report on Form
20-F as previously amended.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white"><U>Form 20-F/A
for the Year Ended December 31, 2021</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white"><U>Item 3.
Key Information, page 2.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">1. </FONT><B><I>At
the onset of Item 3, if applicable, disclose the risks that your corporate structure and being based in or having the majority of the
company&rsquo;s operations in Hong Kong and China poses to investors. In particular, describe the significant regulatory, liquidity, and
enforcement risks with cross-references to the more detailed discussion of these risks in the 20-F. For example, specifically discuss
risks arising from the legal system in China, including risks and uncertainties regarding the enforcement of laws and that rules and regulations
in China can change quickly with little advance notice; and the risk that the Chinese government may intervene or influence your operations
at any time, or may exert more control over offerings conducted overseas and/or foreign investment in China-based issuers, which could
result in a material change in your operations and/or the value of the securities you are registering for sale. Acknowledge any risks
that any actions by the Chinese government to exert more oversight and control over offerings that are conducted overseas and/or foreign
investment in China-based issuers could significantly limit or completely hinder your ability to offer or continue to offer securities
to investors and cause the value of such securities to significantly decline or be worthless.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">The Company respectfully advises that it has updated its disclosure
in response to this comment. Please see pages 2 and 5 of Amendment No. 3 to our Annual Report on Form 20-F (&ldquo;<B>Amendment No. 3</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="image_002.jpg" ALT="" STYLE="width: 638px; height: 10px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9.05pt; text-align: center">Level 7, 420 King William Street, Adelaide
SA 5000</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9.1pt; text-align: center">T: +61 8 8233 0881&#9;www.imtechltd.com
A.B.N. 98 132 653 948 NASDAQ: IMTE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9.1pt; text-align: center">&nbsp;</P>

<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="image_001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>2.  At
the onset of Item 3, provide a clear description of how cash is transferred through your organization. Disclose your intentions to distribute
earnings or settle amounts owed under applicable agreements. Quantify any cash flows and transfers of other assets by type that have occurred
between the holding company and its subsidiaries, and direction of transfer. Quantify any dividends or distributions that a subsidiary
has made to the holding company and which entity made such transfer, and their tax consequences. Similarly quantify dividends or distributions
made to U.S. investors, the source, and their tax consequences. Your disclosure should make clear if no transfers, dividends, or distributions
have been made to date. Describe any restrictions on foreign exchange and your ability to transfer cash between entities, across borders,
and to U.S. investors. Describe any restrictions and limitations on your ability to distribute earnings from the company, including your
subsidiaries, to the parent company and U.S. investors.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company respectfully advises that it has updated its disclosure
in response to this comment. Please see pages 5 and 6 of Amendment No. 3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white"><U>Part 1,
page 2</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt; background-color: white"><B>3. </B></FONT><B><FONT STYLE="font-size: 10pt"><I>At
the onset of Part I, please disclose prominently that you are not a Chinese operating company but an Australian holding company with operations
conducted by your subsidiaries based in Hong Kong and China and that this structure involves unique risks to investors. Your disclosure
should acknowledge that Chinese regulatory authorities could disallow this structure, which would likely result in a material change in
your operations and/or a material change in the value of the securities you have </I></FONT><I>registered<FONT STYLE="font-size: 10pt">,
including that it could cause the value of such securities to significantly decline or become worthless. Provide a cross-reference to
your detailed discussion of risks facing the company and the offering as a result of this structure.</FONT></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company respectfully advises that it has updated its disclosure
to address this comment. Please see page 3 of Amendment No. 3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B>4.</B></FONT>
<FONT STYLE="font-size: 10pt"> </FONT><B><I>At the onset of Part I, if applicable, provide prominent
disclosure about the legal and operational risks associated with being based in or having the majority of the company&rsquo;s operations
in China. Your disclosure should make clear whether these risks could result in a material change in your operations and/or the value
of the securities you have registered or could significantly limit or completely hinder your ability to offer or continue to offer securities
to investors and cause the value of such securities to significantly decline or be worthless. Your disclosure should address how recent
statements and regulatory actions by China&rsquo;s government, such as those related to the use of variable interest entities and data
security or anti-monopoly concerns, have or may impact the company&rsquo;s ability to conduct its business, accept foreign investments,
or list on a U.S. or other foreign exchange. Please disclose whether your auditor is subject to the determinations announced by the PCAOB
on December 16, 2021 and whether and how the Holding Foreign Companies Accountable Act and related regulations will affect your company.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">The Company respectfully advises that it has updated its disclosure
to address this comment. Please see page 3 of Amendment No. 3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="image_002.jpg" ALT="" STYLE="width: 638px; height: 10px">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Level 7, 420 King William Street, Adelaide
SA 5000</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9.1pt; text-align: center">T: +61 8 8233 0881&#9;www.imtechltd.com
A.B.N. 98 132 653 948 NASDAQ: IMTE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="image_001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B>5.</B></FONT>
<FONT STYLE="font-size: 10pt"> </FONT><B><I>At the onset of Part I, clearly disclose how you
will refer to the holding company and subsidiaries when providing the disclosure throughout the document so that it is clear to investors
which entity the disclosure is referencing and which subsidiaries or entities are conducting the business operations. Disclose, if true,
that your subsidiaries conduct operations in Hong Kong and China and that the holding company does not conduct operations. Disclose clearly
the entity (including the domicile) in which investors are purchasing an interest.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">The Company respectfully advises that it has updated its disclosure
to address this comment. Please see page 2 of Amendment No. 3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">6.</FONT> <FONT STYLE="font-size: 10pt"> </FONT><B><I>At
the onset of Part I, please revise to prominently disclose the following:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B><I>&#9679;</I></B></TD><TD STYLE="text-align: justify"><B><I>whether your auditor is subject to the determinations announced by the PCAOB on December 16, 2021;</I></B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B><I>&#9679;</I></B></TD><TD STYLE="text-align: justify"><B><I>whether and how the Holding Foreign Companies Accountable Act, the Accelerating Holding Foreign
Companies Accountable Act, and related regulations will affect your company, including the time frame change in PCAOB inspections for
two consecutive years instead of three years;</I></B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B><I>&#9679;</I></B></TD><TD STYLE="text-align: justify"><B><I>whether you have been or expect to be identified by the Commission under the HFCAA; and</I></B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B><I>&#9679;</I></B></TD><TD STYLE="text-align: justify"><B><I>a cross-reference to your more detailed disclosure in your risk factors, including the heading of
the risk factor.</I></B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company respectfully advises that it has updated its disclosure
to address this comment. Please see page 4 of Amendment No. 3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white"><U>Financial
Statements</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white"><U>Report of
Independent Registered Public Accounting Firm, page F-1</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B>7.</B></FONT><B>
<I> We note your current independent auditor is located in Singapore and your business is conducted
in China, Hong Kong, the United States, and Malaysia. Please explain the relationship between the location from which the audit report
was rendered and the location of your principal place of business in Adelaide, Australia, as well as the locations above where you have
reported sales per note 4 of your financial statements. Include a discussion of where your financial records are maintained and where
the audit work was principally conducted.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In fiscal year 2021, our operations were mainly
in Hong Kong and China. We had our corporate office in Adelaide, South Australia, which had minimal transactions. Our operations in the
United States and Malaysia operation did not commence until early 2022, when we expanded our operations to these locations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During 2021, IMTE&rsquo;s business was conducted
by subsidiary entities in China, Hong Kong and Australia and the records of these subsidiary entities were prepared and kept in Hong Kong,
other than the entities in China, where the local accounting staff prepares and keeps the records for the China operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">IMTE&rsquo;s audit report was rendered by our
auditors, Audit Alliance LLP a firm located in Singapore. Audit Alliance team principally conducted their audit work such as overall audit
strategy, planning, fieldwork, subsequent event and review audit process in Hong Kong, China and Singapore. Audit Alliance team communicate
its audit requirements with IMTE to identified significant risks of material misstatement of the financial statements and conducted their
audit work accordingly. All our subsidiary companies have their own auditors to conduct audits for local statutory purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="image_002.jpg" ALT="" STYLE="width: 638px; height: 10px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Level 7, 420 King William Street, Adelaide
SA 5000</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9.1pt; text-align: center">T: +61 8 8233 0881&#9;www.imtechltd.com
A.B.N. 98 132 653 948 NASDAQ: IMTE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="image_001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white"><U>Note 21,
Derivative Financial Instruments, page F-37</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B>8.</B></FONT>
 <B><I>We note your statement that you &ldquo;departed from IFRS 9&rdquo; disclosure requirements
because you believe not doing so would be misleading. In this regard, it is unclear why providing disclosures required by IFRS would be
misleading. Please explain your position in detail as well as provide in your response the disclosures you were required to provide that
you deemed misleading. We may have further comment upon receipt of your response.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We departed from IFRS 9 because, if we did not,
the financial statements would have been misleading mainly due to the activity on the profit and loss account would have been greatly
inflated by creating a gain and adding an expense of revenue and this would have had a net effect zero to the profit and loss account.
Full compliance with IFRS 9 would, in this instance, have created the impression that the majority of our economic activities taking place
related to these derivatives, which is not an accurate portrayal of our activities. Therefore, in order to avoid potentially misleading
or confusing investors, the fair value of the derivative instrument should be capped at the book value of the debt recorded on the books.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white"><U>Note 23.
Controlled Entities, page F-38</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B><I>9. </I></B></FONT><B><I>You
indicate that you control the Greifenberg entities, however we note ownership of only 40.75%. In this regard, please tell us how you control
these entities despite not having a majority interest. Your response should clearly demonstrate your accounting for these entities including
why you believe consolidation is appropriate.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">IMTE controls Greifenberg Digital Limited (&ldquo;Greifenberg&rdquo;),
the holding company of the Greifenberg group of entities being 100% equity interests in Greifenberg Capital Limited and Greifenberg Analytics
Limited, based on the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(i)
IMTE has voting power over the Greifenberg as it is the largest single shareholder of Greifenberg;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(ii)  IMTE
has control over the Board of the Greifenberg as there is only one director on the Greifenberg Board and, during 2021, that one person
was a director/employee of IMTE;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(iii) Through
the control of the Board, IMTE has the ability to influence the operational, financial and corporate over Greifenberg and its controlled
entities; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(iv) IMTE
has the financial ability to subscribe up another additional 20% in Greifenberg in the future. Therefore, ITME consolidated Greifenberg
in its consolidated accounts even though IMTE&rsquo;s shareholding in Greifenberg as of December 31, 2021 was less than 50%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white">Yours sincerely,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white">For and on
behalf of </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white">Integrated
Media Technology Limited</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 40%"><FONT STYLE="font-size: 10pt; background-color: white"><I>/s/ Jing Zhuo</I></FONT></TD>
    <TD STYLE="width: 60%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Jing Zhuo</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt; background-color: white">CFO</FONT></TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white">cc. Audit Alliance
LLP</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="image_002.jpg" ALT="" STYLE="width: 638px; height: 10px">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Level 7, 420 King William Street, Adelaide
SA 5000</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9.1pt; text-align: center">T: +61 8 8233 0881&#9;www.imtechltd.com
A.B.N. 98 132 653 948 NASDAQ: IMTE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 4; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>image_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !; ,P# 2(  A$! Q$!_\0
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MR-?9I65CY]GL'P"_Y)=;_P#7U-_.O%OCK_R5;4?^N4/_ *+%>T_ +_DEUO\
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M"* .8^ -K)>Q^+[2''FSZ>(TW' W-O S^=97_#/_ (X_YYZ?_P"!/_UJZ/\
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MX]R* .)^!O\ R2C3/^NDW_HQJ]%J&UM+>R@6"U@B@A7I'$@51^ J:@ HHHH
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MQ>*-!OE\V9&)!'0[!Q6O;W.K1^*9[%K_ %6YM[:W@E#HD6P,P<GS#@'' Z4
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M9O>65Y';8<J-[$M@$9QG%6H]$TZ*"R@2U58[*3S+< G]VV",YSSPQZ^M7Z*
M,V\T#3+^*]CN+4.MZ4-QAV4N4QM.0<@C Z8Z57D\)Z/+%"CPSEH2QCF^U2B5
M=W4"3=NP<=,XK:HH S1H.F"RN+/[*#!<N))E9V.]@% )).<_(OY4C^'])DCM
MD>RC9;:Y-U#G.4E))+ Y]S[<UIT4 8L/A+0[>=I8[+!(<*AD<I'OR'V(3M3.
M3G:!UJ)?!FAI;QP+;SA8B#"WVN7?%@8^1MV5&., C-;]% &-)X5T62UMK<67
MEK:[C"\,CQR)N^]AU(;GOSSWJS:Z'IMDMDMO:J@L0XM_F)V!OO=3SGWK0HH
MRKKPWI=YJ3ZA+#+]I=%1V2>1 ZC. RJP!ZGJ.])%X:T:%852PC @F2XCR2=L
MB($5AD]E 'X5K44 9*>&='2"YA6Q01W4?ES+N;YUW,V.O]YV/XTL_AO2[C4O
M[0>&5;G:J%H[B1 RKG:&4, <9/45JT4 9&F^%]'TF=)K.U(DC0I$TDKR>4IZ
-JFXG:/88K7HHH __V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image_002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0$! 0(! 0$" @(" @0# @("
M @4$! ,$!@4&!@8%!@8&!PD(!@<)!P8&" L("0H*"@H*!@@+# L*# D*"@K_
MVP!# 0(" @(" @4# P4*!P8'"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*
M"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@K_P  1"  * GX# 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$!
M 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W  $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#]1_VAO^"P
MG[,?[,OQGUWX*?$/2_%<VJ:)+$EPVF:5%)#EX4E&&>5"?ED'K7&?\/\ _P#8
MK_Z 'CO_ ,$EM_\ )50_M?? CX'^+_VA==U_Q9\&O"FJ7]RL+7%[J/AVVGFE
M8+M!9W0LQVJJY)Z*!V%>:_\ #,7[-?\ T;UX&_\ "3L__C=5S'Z/EV)\,OJ-
M/Z[@,3*K;WG#$0A%ONH^S=E\V>H?\/\ _P#8K_Z 'CO_ ,$EM_\ )5'_  __
M /V*_P#H >.__!);?_)5>7_\,Q?LU_\ 1O7@;_PD[/\ ^-T?\,Q?LU_]&]>!
MO_"3L_\ XW1S';]9\)/^A;B__"J'_P J/4/^'_\ ^Q7_ - #QW_X)+;_ .2J
M/^'_ /\ L5_] #QW_P""2V_^2J\O_P"&8OV:_P#HWKP-_P"$G9__ !NC_AF+
M]FO_ *-Z\#?^$G9__&Z.8/K/A)_T+<7_ .%4/_E1ZA_P_P#_ -BO_H >._\
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MMG@#_P (ZQ_^-57M.$O^?%;_ ,#A_D8<V _EE]Z/6/\ B) _X)^?] +XB?\
M@AMO_DJC_B) _P""?G_0"^(G_@AMO_DJO)_^&4OV7/\ HVSP!_X1UC_\:H_X
M92_9<_Z-L\ ?^$=8_P#QJCVG"7_/BM_X'#_(.; ?RR^]'K'_ !$@?\$_/^@%
M\1/_  0VW_R51_Q$@?\ !/S_ * 7Q$_\$-M_\E5Y/_PRE^RY_P!&V> /_".L
M?_C5'_#*7[+G_1MG@#_PCK'_ .-4>TX2_P"?%;_P.'^0<V _EE]Z/6/^(D#_
M ()^?] +XB?^"&V_^2J/^(D#_@GY_P! +XB?^"&V_P#DJO)_^&4OV7/^C;/
M'_A'6/\ \:H_X92_9<_Z-L\ ?^$=8_\ QJCVG"7_ #XK?^!P_P @YL!_++[T
M>L?\1('_  3\_P"@%\1/_!#;?_)5'_$2!_P3\_Z 7Q$_\$-M_P#)5>3_ /#*
M7[+G_1MG@#_PCK'_ .-4?\,I?LN?]&V> /\ PCK'_P"-4>TX2_Y\5O\ P.'^
M0<V _EE]Z/6/^(D#_@GY_P! +XB?^"&V_P#DJC_B) _X)^?] +XB?^"&V_\
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M^%=_#_\ Z$71O_!9%_\ $T?\*[^'_P#T(NC?^"R+_P")KXSZIXKIZ9EA4O\
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MB>V?\-[_  J_Z%SQ%_X#V_\ \>H_X;W^%7_0N>(O_ >W_P#CU>)_\*[^'_\
MT(NC?^"R+_XFC_A7?P__ .A%T;_P61?_ !-'U3Q8_P"AEA?_  FG_P#+ YN!
MO^@6O_X-C_\ (GMG_#>_PJ_Z%SQ%_P" ]O\ _'J/^&]_A5_T+GB+_P ![?\
M^/5XG_PKOX?_ /0BZ-_X+(O_ (FC_A7?P_\ ^A%T;_P61?\ Q-'U3Q8_Z&6%
M_P#":?\ \L#FX&_Z!:__ (-C_P#(GMG_  WO\*O^A<\1?^ ]O_\ 'J/^&]_A
M5_T+GB+_ ,![?_X]7B?_  KOX?\ _0BZ-_X+(O\ XFC_ (5W\/\ _H1=&_\
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M_P )&R_^-4?\,O?LS_\ 1N_@7_PD;+_XU3^L<$?] M?_ ,'1_P#D!?5^)_\
MG_3_ / 9?YGJ'_$07^P[_P!"_P"/O_!';_\ R51_Q$%_L._]"_X^_P#!';__
M "57E_\ PR]^S/\ ]&[^!?\ PD;+_P"-4?\ #+W[,_\ T;OX%_\ "1LO_C5'
MUC@C_H%K_P#@Z/\ \@'U?B?_ )_T_P#P&7^9ZA_Q$%_L._\ 0O\ C[_P1V__
M ,E4?\1!?[#O_0O^/O\ P1V__P E5Y?_ ,,O?LS_ /1N_@7_ ,)&R_\ C5'_
M  R]^S/_ -&[^!?_  D;+_XU1]8X(_Z!:_\ X.C_ /(!]7XG_P"?]/\ \!E_
MF>H?\1!?[#O_ $+_ (^_\$=O_P#)5'_$07^P[_T+_C[_ ,$=O_\ )5>7_P##
M+W[,_P#T;OX%_P#"1LO_ (U1_P ,O?LS_P#1N_@7_P )&R_^-4?6."/^@6O_
M .#H_P#R ?5^)_\ G_3_ / 9?YGJ'_$07^P[_P!"_P"/O_!';_\ R51_Q$%_
ML._]"_X^_P#!';__ "57E_\ PR]^S/\ ]&[^!?\ PD;+_P"-4?\ #+W[,_\
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M7\U*<ORFOR/71_P7*_8Y7[N@>-O_  2V_P#\E4?\/S/V._\ H ^-O_!-;_\
MR77DO_#.W[/W_1"_!O\ X3%I_P#&Z/\ AG;]G[_HA?@W_P )BT_^-U\TXYLW
M\</ND>=['Q'_ .@S#?\ @BI_\L/6O^'YG['?_0!\;?\ @FM__DNC_A^9^QW_
M - 'QM_X)K?_ .2Z\E_X9V_9^_Z(7X-_\)BT_P#C='_#.W[/W_1"_!O_ (3%
MI_\ &Z7)F_\ S\A]S#V/B/\ ]!F&_P#!%3_Y8>M?\/S/V._^@#XV_P#!-;__
M "71_P /S/V._P#H ^-O_!-;_P#R77DO_#.W[/W_ $0OP;_X3%I_\;H_X9V_
M9^_Z(7X-_P#"8M/_ (W1R9O_ ,_(?<P]CXC_ /09AO\ P14_^6'K7_#\S]CO
M_H ^-O\ P36__P ET?\ #\S]CO\ Z /C;_P36_\ \EUY+_PSM^S]_P!$+\&_
M^$Q:?_&Z/^&=OV?O^B%^#?\ PF+3_P"-T<F;_P#/R'W,/8^(_P#T&8;_ ,$5
M/_EAZU_P_,_8[_Z /C;_ ,$UO_\ )='_  _,_8[_ .@#XV_\$UO_ /)=>2_\
M,[?L_?\ 1"_!O_A,6G_QNC_AG;]G[_HA?@W_ ,)BT_\ C=')F_\ S\A]S#V/
MB/\ ]!F&_P#!%3_Y8>M?\/S/V._^@#XV_P#!-;__ "71_P /S/V._P#H ^-O
M_!-;_P#R77DO_#.W[/W_ $0OP;_X3%I_\;H_X9V_9^_Z(7X-_P#"8M/_ (W1
MR9O_ ,_(?<P]CXC_ /09AO\ P14_^6'K7_#\S]CO_H ^-O\ P36__P ET?\
M#\S]CO\ Z /C;_P36_\ \EUY+_PSM^S]_P!$+\&_^$Q:?_&Z/^&=OV?O^B%^
M#?\ PF+3_P"-T<F;_P#/R'W,/8^(_P#T&8;_ ,$5/_EAZO/_ ,%ROV.]OF_V
M!XV.P9_Y!%N.X'_/T?6O</V2_P!M'X6?MBZ/J^L_#73]8M8=%N(X+DZM:QQE
MF;=C;LD?/W3G..HZU\=0_L[?L_ L1\"_!WW#_P RQ:?_ !NOJ'_@GWX \!^"
M?#_B&W\&>"=(TB.XFMGG32]-BMQ(W[WYF$:C)]S6M&&.4[U9IKR3_4]C*L/Q
4K'%0J8[$T94TG=0ISBV^F\FC_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
