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Awaiting price reaction for this filing.
The company informed the stock exchange that its wholly-owned subsidiary, Tomorrowtech Global Limited (a private company incorporated in DIFC, Dubai on January 9, 2025), has been voluntarily struck off the DIFC register of companies effective December 21, 2025. The DIFC Registrar of Companies approved the strike off under Article 32 of the DIFC Operating Law. The subsidiary was less than a year old at the time of strike off, suggesting it was likely non-operational or never commenced business.
This is a routine corporate housekeeping action with no material financial impact expected. Removing an inactive or non-operational subsidiary can simplify the corporate structure and reduce compliance costs, but is unlikely to affect stock price or shareholder value significantly.