Phantom Digital Effects Limited — Board Meeting, 29-07-2025: Outcome of Board Meeting

PhantomFX's board has given in-principle approval to acquire Milk VFX Limited, a UK-based company. This strategic move aims to expand PhantomFX's presence in next-generation technologies and build a global VFX powerhouse, strengthening its footprint in Europe and complementing existing capabilities. The acquisition is contingent on independent valuation, comprehensive due diligence, finalization of terms, and definitive agreements. The current understanding is non-binding. The Managing Director is authorized to negotiate and appoint necessary advisors after assessment by its Audit Committee.