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LICT Corporation Continues Shareholder Designated Charitable Contribution Program

MWN-AI** Summary

LICT Corporation (OTC Pink: LICT) has announced the continuation of its Shareholder Charitable Contribution Program, allowing registered shareholders to designate charities for donations of $100 per share. The initiative reflects the company’s commitment to charitable giving, which it views as a societal cornerstone and an obligation of those with the means to contribute positively to the world. Historically, similar programs have been conducted by notable firms such as Berkshire Hathaway, GAMCO Investors Inc., and Associated Capital Group, underscoring a tradition of corporate philanthropy.

Eligible participants, outlined similar to prior programs, will include only registered shareholders, ensuring an equitable opportunity for those invested in the company. LICT's program is anticipated to operate from mid-November 2025 to January 2026, with further details to be released closer to implementation. If all shares are registered to shareholders at the record date, the total anticipated contribution could reach approximately $1.7 million, building on the program's significant historical impact. Since its inception in 2016, LICT has contributed over $10 million to various charities as designated by its shareholders.

Additionally, the announcement includes a forward-looking statement regarding anticipated outcomes related to donations, business conditions, and market financials, emphasizing that such projections are subject to uncertainties and risks. The company provides these forecasts while steering shareholders towards its official communications for further clarification.

In conclusion, LICT Corporation’s ongoing charitable initiative not only reinforces its dedication to social responsibility but also embodies a model of how corporate structures can facilitate community and charitable support through shareholder participation. For additional details, shareholders can refer to the company’s official website at www.lictcorp.com.

MWN-AI** Analysis

LICT Corporation's continuation of its Shareholder Designated Charitable Contribution Program is a notable initiative that not only bolsters its corporate social responsibility (CSR) but also enhances its relationship with shareholders. Under this program, registered shareholders can allocate charitable donations of $100 per share, totaling an estimated $1.7 million if all shares remain registered. This move echoes similar successful strategies employed by major firms like Berkshire Hathaway and GAMCO, highlighting a growing trend among public companies to engage shareholders in philanthropy.

For prospective investors, this program could signal an attractive opportunity to engage with a company that prioritizes community impact and shareholder involvement. The fact that LICT has contributed over $10 million to charities since the program's inception in 2016 demonstrates a commitment to social responsibility, which can appeal to conscientious investors. Furthermore, such initiatives often improve overall brand loyalty and can enhance the company's public image, potentially leading to increased investment interest.

Investors might also consider the timing of the program, expected between November 2025 and January 2026. This timeline allows investors to prepare for the potential impact on share ownership and could be used strategically to acquire shares ahead of the record date, thus maximizing their charitable contributions.

However, while the charitable aspect adds value, investors should also heed the cautionary statements within the company’s forward-looking statements. Market conditions, regulatory changes, and operational challenges could impact LICT's ability to fulfill its projections. Therefore, while participating in such socially responsible initiatives can be appealing, thorough due diligence and constant market analysis remain vital for current and prospective shareholders.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Business Wire

The Board of Directors of LICT Corporation (OTC Pink: LICT) is privileged to announce that it will continue its Shareholder Charitable Contribution Program for registered shareholders. All registered shareholders will be eligible to designate charities to which the company will make a donation of $100 per share on behalf of the shareholder.

Warren Buffett had a similar program at Berkshire Hathaway from 1981 to 2003. In addition, GAMCO Investors, Inc., and Associated Capital Group, Inc. have had similar programs.

At LICT, we continue to believe charitable giving is a cornerstone of society and an obligation for those with means to make a difference in the world. As an organization, LICT will have no control over the donations, but we are happy to make them on behalf of our shareholders.

As in the cases of Buffett’s Berkshire, GAMCO, and Associated Capital, only registered shareholders will be eligible to participate.

The timing of the program is expected to be between the middle of November 2025 and January 2026. More specific details will follow.

If all shares are registered in the shareholders’ names at the record date, the total contribution would be approximately $1.7 million.

Since the program’s inception in 2016, LICT has made more than $10 million in contributions to charities designated by registered shareholders.

This release contains certain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, including without limitation anticipated financial results, financing, capital expenditures and corporate transactions. It should be recognized that such information is based upon certain assumptions, projections and forecasts, including without limitation business conditions, financial markets and the cautionary statements set forth in documents filed by LICT on its website, www.lictcorp.com . As a result, there can be no assurance that any possible transactions will be successful or that financial or other targets will be met. Such forward-looking information is subject to uncertainties, risks and inaccuracies, which could be material.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250915509558/en/

Joe Cecin
Chief Operating Officer

Stephen J. Moore
Vice President-Finance

914-921-8821
www.lictcorp.com

FAQ**

How does LICT Corp LICT plan to ensure that the charitable contributions align with shareholders' values and the selected charities' missions?

LICT Corp plans to align charitable contributions with shareholders' values and selected charities' missions by conducting thorough evaluations of potential charities, seeking shareholder input, and prioritizing initiatives that resonate with their corporate values and community impact.

With LICT Corp LICT's commitment to charitable giving, what measures are in place to assess the impact of the donations made through the Shareholder Charitable Contribution Program?

LICT Corp evaluates the impact of donations made through its Shareholder Charitable Contribution Program by establishing guidelines for recipient selection, tracking the effectiveness of funded initiatives, and soliciting feedback from beneficiaries to ensure accountability and transparency.

Considering LICT Corp LICT has donated over $10 million since 2016, how will the continuation of this program influence shareholder engagement and company reputation?

The continuation of LICT Corp's donation program is likely to enhance shareholder engagement and bolster the company's reputation as a socially responsible entity, fostering loyalty and positive perceptions among investors and the broader community.

Are there any limitations or restrictions on the types of charities that LICT Corp LICT shareholders can choose for the donations made on their behalf?

Yes, LICT Corp imposes limitations on the types of charities eligible for donations on behalf of its shareholders, typically requiring that they adhere to specific criteria such as tax-exempt status under Section 501(c)(3) of the Internal Revenue Code.

**MWN-AI FAQ is based on asking OpenAI questions about LICT Corp (OTC: LICT).

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