Focus Universal board approves spin-off of subsidiary Lusher Inc.

FOCUS UNIVERSAL INC.

Board approved spin-off of wholly owned subsidiary Lusher Inc.; shares to be distributed as dividend.
Lusher focuses on SEC financial reporting software that cuts preparation time from weeks to minutes.
SEC financial reporting software market: $14B (2022) projected to $36.5B by 2030 (CAGR 12.81%).
Spin-off lets Focus Universal prioritize IoT business and aims to unlock intrinsic value of Lusher.
Focus plans to file Form 10-12b to register Lusher shares with the SEC.

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