In continuation to its press release dated January 25, 2022, Prime Focus has informed that Prime Focus World NV., a subsidiary of the Company and Sports Ventures Acquisition Corp. (‘Sports Ventures’) (NASDAQ: AKIC), a publicly-traded special purpose acquisition company, announced on March 16, 2022 that they have filed with the U.S. Securities and Exchange Commission (‘SEC’) a preliminary proxy statement with respect to their proposed business combination (the ‘Business Combination’).

The above information is a part of company’s filings submitted to BSE.

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