On February 8, 2024, the board of directors of the Quality Industrial Corp. approved a reversal and change in fiscal year end of the Company from June 30 to December 31. The Board?s original decision to change the fiscal year end was related to the Company?s intent to uplist to the NYSE American.

The subsequent reversal is to align the fiscal year and audit process with its parent company Ilustrato Pictures International Inc. ?ILUS?. The reversal of the fiscal year is also intended to be in alignment for auditing purposes with that of a special purpose vehicle which ILUS and its Subsidiaries, which also includes the Company, are in the process of completing an intended transaction with. Following such change, the date of the Company?s next fiscal year end is December 31, 2023.