Vewd litigation update
Otello refers to its announcement of March 17, 2021, where it informed the market that MFC and Otello together with the Vewd Group's secured lenders (the “Lenders”) had reached agreement that as an interim alternative to the appointment of a receiver, a special committee of the board of Last Lion Holdings Limited (“LLH”) (the "Special Committee") would be appointed. The three members of the Special Committee were appointed on April 26, 2021 pursuant to an order of the English Court dated 1 April 2021 and tasked with selling the company or raising finance so as to enable payment of the