Phantom Digital Effects Limited — Important, 12-03-2025: General Updates

Phantom Digital Effects Limited has incorporated a wholly owned subsidiary in China named "Hangzhou Huantong Digital Technology Co., Ltd" with an initial registered capital of RMB 1 million. This strategic move aims to strengthen and expand its VFX operations in the Chinese market, signaling the company's commitment to growth in a vital segment of the media and entertainment industry. The subsidiary, being newly established, does not have any existing turnover. The company has made a full cash subscription for the share capital. This development presents a positive outlook for Phantom Digital as it enhances its market presence in China, a region critical for the expansion of its business operations. Stakeholders should monitor the implementation and performance of this new subsidiary closely, given the potential it holds for revenue growth.