Metal Arts Company (MTRT)

[FrankF]

Following the acquisition of Medium, the Company ceased being a shell company upon completion of the reverse acquisition on October 25, 2021. As a result of the acquisition, the Company became a leader in providing high-performance blockchain core technology in South Korea.

(just waiting for OTCMarkets to catch up)

https://www.otcmarkets.com/otcapi/company/financial-report/315713/content
SUPPLEMENTAL INFORMATION
December 16, 2021
Removal of Shell Status
As previously disclosed in the Supplemental Disclosure for Change of Control Events published on
November 29, 2021, The Metal Arts Company, Inc. (the “Company”), through its wholly-owned subsidiary,
Trust Consulting, Inc., a company incorporated under the laws of South Korea (“TCI”), acquired all of the
equity interest in Medium, Inc., a company incorporated under the laws of South Korea (“Medium”). Prior
to the closing of the reverse acquisition, the Company was a “shell company” as defined in Rule 12b-2 of
the Exchange Act of 1934, as amended (“Rule 12b-2”). Rule 12b-2 defines a shell company as a company
that has (1) no or nominal operations; and, (2) either, (i) no or nominal assets; (ii) assets consisting solely
of cash and cash equivalents; or (iii) assets consisting of any amount of cash and cash equivalents and
nominal other assets. Following the acquisition of Medium, the Company ceased being a shell company
upon completion of the reverse acquisition on October 25, 2021. As a result of the acquisition, the Company
became a leader in providing high-performance blockchain core technology in South Korea. In addition,
for the six-month ended June 30, 2021, the unaudited financial statement for Medium shows a net income of $1.8 million. Based on the business conducted by the Company through Medium, the Company believes
it ceased being a shell company as of October 25, 2021 and has remained a non-shell company since such
date.