Powell Max Limited Acquires Stake in Parent Company of the Iconic Remington Firearms Brand

Agreement Provides an Exclusive 12-Month period to acquire Majority Ownership of the Remington Firearms Business

Boca Raton, FL, Sept. 28, 2026 (GLOBE NEWSWIRE) -- Powell Max Limited (Nasdaq: PMAX) (“Powell Max” or the “Company”), today announced that it has signed a share exchange agreement with Blackrod Holdings, LLC, the parent company of Remington Firearms. The agreement marks a significant step in PMAX’s strategy to expand into new markets and pursue opportunities for growth.