MOMO'S BREAKOUT BOARD

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$SMCE - RECENT DEVELOPMENTS We are pleased to see that SMC has advanced its growth-by-acquisition strategy and is moving toward full integration of its products into one platform while potentially expanding its portfolio to include international assets. SMC has achieved several milestones in line with its mission to deploy a global platform and explore potential acquisitions to enhance revenues and shareholder equity. The Company recently announced its intent to acquire a 100% interest in Australia-based boutique global investment manager Bateau Asset Management, a move that would provide SMC with an initial presence in the Southeast Asia Fintech market and jumpstart its international financial services division. Bateau’s services include investment research and education, which it
currently provides to more than 150 high net-worth individuals. Currently Bateau manages $20 million AUD$ in assets under management (“AUM”), a figure SMC believes it can grow to over $100 AUM in the next two years, leveraging its foundational AI/ML strategies. In our view, this is a high-potential development that could significantly accelerate SMC’s plan to deliver long-term value for its shareholders.
https://www.dropbox.com/scl/fi/yqiz212u10ko13kvy7qmi/SMCE-Corporate-Report-Sept-2024-1.pdf?rlkey=5ab46sqqdnjxq0tnnqggt0znu&st=k2w3n9u0&dl=0