Phantom Digital Effects Limited — Updates, 13-03-2025: Press Release

Phantom Digital Effects Limited has incorporated a wholly-owned subsidiary in China, named Hangzhou Huantong Digital Technology Co., Ltd, establishing a significant foothold in the burgeoning Chinese VFX market. With a registered capital of RMB 1 million, this subsidiary will enhance PhantomFX's service offerings and market penetration. The move follows strategic partnerships with major Chinese production houses, supported by the government, aiming to deliver visual effects for three feature films and 100 short dramas, valued between $1 to $1.2 million.

Managing Director Bejoy Arputharaj emphasized that this development strengthens PhantomFX's global presence, enabling closer collaboration with local studios and filmmakers. The expansion aligns with the rising demand for high-quality visual effects and immersive experiences, positioning PhantomFX for potential growth in the rapidly evolving entertainment landscape. As the company continues its commitment to innovation and talent development, investors should watch closely for new business collaborations and opportunities that may arise from this strategic initiative.