Vmoto (ASX:YYY) has confirmed that it is currently engaging in discussions with various third parties in Asia, with regards to its business operations.

The company has advised that certain forecasts made by its Italian employees about the unit sales for the year 2024 have not received endorsement from its senior management.

Furthermore, it has been made clear that Vmoto does not generally provide public guidance regarding future unit sales.

Despite the ongoing discussions with third parties in Asia, it has been stated that none have yet led to any final transaction.

In response to this, Vmoto is planning to undertake a thorough review of its current procedures for disclosure and employe training.

Vmoto is a company dedicated to the manufacture and distribution of superior quality, high performance electric scooters and motorcycle products.