Notice of Conversion of Pocket Queries Inc. into an Equity-Method Associated Company


MTI Ltd. (the “Company”) announces that its Board of Directors passed a resolution at a meeting on October 28, 2019, that the Company would underwrite the third-party allotment of shares of Pocket Queries, Inc. (“Pocket Queries”) as described below. The Company will have a 21.43% stake in Pocket Queries after this allotment and Pocket Queries will become an equity-method associated company.

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