• Powell Max is pursuing the remaining ownership interests in Blackrod Holdings as the first step toward building a defense and security group.
• Blackrod holds exclusive rights to manufacture and sell Remington Firearms, providing a potential manufacturing foundation for the planned group.
• A September 2026 agreement provides up to 12 months of exclusive negotiations; an initial 1.5% equity investment was announced that month.
• Completion requires a definitive agreement, financing and necessary approvals; funding for the proposed acquisition has not been secured.
• Blackrod remains the only acquisition covered by a letter of intent or agreement; other defense and security opportunities remain exploratory.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Powell Max Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610290830PRIMZONEFULLFEED9855822) on October 29, 2026, and is solely responsible for the information contained therein.