Exicom Tele-Systems Limited — Board Meeting, 05-02-2025: Outcome of Board Meeting

The Board of Exicom Tele-Systems Limited has held a meeting to approve the un-audited financial results for the third quarter and nine months ended December 31, 2024, both on standalone and consolidated bases. The results were accompanied by a Limited Review Report from the auditors. Additionally, the board has decided to close Exicom Nexgen Power B.V., a wholly owned subsidiary in the Netherlands, due to a lack of operational viability. The meeting also involved the identification and appointment of new Senior Management Personnel effective February 5, 2025.