Brightcom Group Limited — Important, 24-11-2024: Updates

Promising engagement at recent trade shows in Europe and the US showcases continued discussions with potential partners and clients, exploring collaboration opportunities. The company's hiring initiatives aim to strengthen its business development and compliance teams, focusing on onboarding top talent to drive growth.

Trenova, established in the UK and Hong Kong, is set for a tentative full launch in early 2025 with 100% ownership by Brightcom Group. The consolidation under Trenova serves to simplify the structure, with a primary objective of expanding business and clientele in the EMEA and APAC regions.

The company successfully conducted its Annual General Meeting, where all resolutions put forth by the board were passed, reaffirming its commitment to long-term growth. The Q4 results for FY2024 were published, and an investor conference call will be held shortly after a hiatus of over 15 months.

The revocation process is expected to progress with the Q1 FY25 results release, with efforts to ensure full trading resumes promptly. The SAT appeal hearing is scheduled for December. Positive outlooks are anticipated as these developments unfold.