ILUS Finalizes Acquisition and Provides Shareholder Update - Seite 3

At the same facility in Serbia, several E-Raptor 6x6 commercial electric utility vehicles are nearing production completion, with three vehicles already ordered by a local municipality. Although there was a delay in delivery of two major components from the East which has impacted the production line, it is expected that the first batch of vehicles will be delivered in November while sourcing has already been completed for production of the new 4x4 range which will commence early in the first quarter of 2024. ILUS has promising developments underway for its Renewables subsidiary which now includes both Replay Solutions and E-Raptor EV Technologies. The company intends to make further Renewables subsidiary announcements during the fourth quarter, with substantial growth expected for the subsidiary over the next 12 months.

Regarding the previously announced plans for special equity dividends in the form of QIND and/or ERT stock for ILUS Shareholders, the company plans to release further details including the record date for Shareholders as and when appropriate. Details regarding the intended QIND dividend are planned for release once S-1 comments are obtained and there is additional clarity regarding timing of the planned QIND uplisting.

ILUS wishes to inform Shareholders that its next Annual Shareholder Meeting will take place in Miami on Friday the 26^th of January, 2024. The company will summarize its 2023 results and present its business plan for the new year, with a specific focus on its Public Safety and Renewables subsidiaries.

Nicolas Link concluded: “We continue to roll out the business plan as presented to Shareholders. Although we have encountered significant hurdles along the way and some aspects of our progress have been delayed, we have grown the business substantially and delivered several key milestones. We are working harder than ever to progress and deliver the remaining plans which we have communicated to Shareholders, and nothing has changed in that regard. We may have had to adapt under the conditions but regardless of what the markets throw at us and the related challenges we may face, we continuously find a way through or around the obstacles and steadily deliver our conglomerate vision.”