Company Update

Lucent Industries is undergoing a strategic rebranding and restructuring, which includes a proposed name change to 'MOBAVENUE AI TECH LIMITED'. The Board previously approved this initiative, and the Registrar of Companies has provisionally approved the new name, pending shareholder and other regulatory clearances.

The company has initiated a postal ballot to seek shareholder approval for the proposed name change.

This move signals a significant strategic shift and a new identity for the company, aligning with potential future business directions for investors.