PDS Limited Dissolves Inactive US Subsidiary Design Arc

Key Event Details

Design Arc LLC, a step-down subsidiary of PDS Limited incorporated in the State of Delaware, USA, has been dissolved effective July 13, 2026. The company was informed of this dissolution on July 15, 2026. This action is part of PDS Group's ongoing initiative to streamline its corporate structure by eliminating non-operational and redundant entities.

Financial Impact Assessment

The disclosure explicitly states that the dissolution has no material impact on PDS Limited's financial position. Design Arc LLC had no active business operations, contributing nil turnover and nil net worth to the consolidated financials of PDS Limited.

Subsidiary Information

Design Arc LLC was held through PDS Far East USA Inc, another step-down subsidiary of PDS Limited in Delaware, USA. The subsidiary contributed:

• Turnover: Nil
• Percentage of Consolidated Turnover: Nil
• Net worth: Nil
• Percentage of Consolidated Net worth: Nil

Transaction Details

The dissolution did not involve any sale agreement, consideration received, or buyer identification. The transaction does not qualify as a related party transaction and falls outside any Scheme of Arrangement.

Effective Date

The cessation of Design Arc LLC as a step-down subsidiary became effective on July 13, 2026, with formal notification to PDS Limited occurring on July 15, 2026.