Prime Focus Limited — Important, 21-11-2024: Closure of operations

Prime Focus Limited has completed the voluntary winding-up process of its subsidiary, Double Negative Singapore Pte. Ltd., which has now been dissolved. This decision comes after determining that there were no ongoing operations within the subsidiary, leading to its closure effective November 19, 2024. The dissolution of DNEG Singapore did not contribute any revenue or net worth to Prime Focus for the financial year 2023-24, as recorded income and net worth were both zero. This development simplifies Prime Focus's operational structure, potentially positioning the company for a more streamlined focus on its core business activities. Investors should maintain a positive outlook on this strategic move while watching for further updates on operational efficiencies.