Ilustrato Pictures International Inc (ILUS)

[creakyhottie]

26 October 2023 Dear Shareholders,
Following questions received, we would like to a give a brief update on three points:
Firstly, as no doubt many or all of you will be aware, we saw a steep decline in our share price over
the past few days. Under intense selling pressure, we believe that we identified the seller and
managed to come to a formal arrangement with them. We are pleased that this seems to have
relieved the selling pressure.
Secondly, we can update that our Industrial subsidiary, QIND, has received S-1 comments and the
team is working through them with their legal counsel.
Finally, our name and ticker change will take longer than anticipated as FINRA finally determined
that our Form 10 should clear all comments before the name and ticker change can be approved.
We are currently attending to a few outstanding comments, mostly related to subsequent events
which occurred after the original filing. While this delay is certainly frustrating, we know what is
required and are working through it.
We thank you for your continued support and look forward to upcoming announcements and
updates on the business itself.
Nick Link & JP Backwell