The Board of Thred Ltd. provided Shareholders with an update illustrating its new Sweep app features and market roadmap. Thred on firms that the new Sweep app will be an evolution of the existing Thred app and not a separate app. At the point of releasing its first Sweep feature, geo- locked chats, the Thred app will rebrand to Sweep via the relevant app store update. The enclosed Shareholder update contains Sweep's new branding for the first time. After extensive market research to clarify the target demographic, the Sweep marketing team worked meticulously to identify the brand essence, tone and messaging required to resonate with target users. The Sweep branding has a vibrant, modern design, created to appeal to audience in a way that will exemplify the Sweep app hero features. Thred also confirms that it is well advanced in the establishment of the necessary steps and processes to market to, acquire, and on-board commercial partners in earnest. Most aspects of its enterprise arm "Agent Reality", including commercial structures, technology interfaces, websites and commercial requirements, are nearly complete.