Delay to annual general meeting and financial reporting
21 August 2020: Animoca Brands Corporation Limited (“the Company”) wishes to advise that its auditor Grant Thornton has informed it of delays to the completion of the 2019 annual audit process. The delays are predominantly due to the COVID-19 pandemic negatively impacting Grant Thornton’s capacity to complete its field activities in Hong Kong. As a consequence, the Company has been obliged to delay its annual general meeting of shareholders.
The Company notes the difficulties being experienced by all corporate entities and the responses of the Commonwealth of Australia in granting extensions to compliance dates for annual meetings of shareholders as well as extensions by Australian exchanges to submission dates for accounts. The Company has been in contact with the Australian Securities & Investments Commission (ASIC), which has provided advice to the Company on how it should proceed to fulfil its obligations to shareholders.
The Company’s board of directors is frustrated by delays to the timing of its annual general meeting, as it is impacting a number of corporate initiatives. The Company will continue to work closely with its auditor to ensure the audit is completed at the earliest possible time, and will update shareholders as soon as possible.
About Animoca Brands
Animoca Brands is a leader in the field of digital entertainment, specializing in blockchain, gamification, and artificial intelligence technologies to develop and publish a broad portfolio of mobile products including games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes as well as products utilizing popular intellectual properties such as Formula 1®, Marvel, Garfield, Snoopy, Thomas & Friends™, Power Rangers, MotoGP, and Doraemon. Animoca Brands’ portfolio of blockchain investments and partnerships includes Lucid Sight, Dapper Labs (creators of CryptoKitties), WAX, Harmony, and Decentraland. The Company is based in Hong Kong, United States, South Korea, Finland, Argentina, and the Czech Republic. For more information visit www.animocabrands.com or get updates by following Animoca Brands on Facebook or Twitter.