Prime Focus Limited — JV/Acquisition, 18-02-2025: Amalgamation/Merger

Prime Focus Limited’s step-down subsidiary, Brahma AI Holdings, has successfully executed a merger with Metaphysic Inc., which reported a turnover of $4 million for FY December 2023. The transaction enhances Brahma's technology and AI capabilities within the media and entertainment sector. Following the merger, Double Negative Holdings Limited holds 90.91% and Metaphysic Inc. retains 9.09% of the shares in Brahma AI Holdings. This all-share transaction will not affect Prime Focus Limited's shareholding pattern, positioning it strategically for future growth in AI-powered services.