Ann: Titomic Europe awarded Horizon Europe grant, page-7

Had a chance to speak a couple of Titomic staff a few days ago. They are pretty busy working on multiple projects, including those joint-venture projects. Any project in defence sector will require some time to deliver, so I think investors here shall be more patient. The business is on right momentum to deliver what they have promised, and the hiking interest doesn't have much impact on this sector.

We all know that Titomic will need to raise some capital by the end of this year. I hope they can raise at a premium, but I can accept that even if it doesn't happen. We should prepare for the worst anyway in this kind of environment. I still believe that they will deliver more to shareholders in this FY. We may see some good news very soon.