Crushmetric Group Limited

Share Issue/Capital Change • Jan 14, 2021

National Storage Mechanism | Additional information

RNS Number : 7299L

MiLOC Group Limited

14 January 2021

14 January 2021

MiLOC GROUP LIMITED

("MiLOC" or "the Company")

PLACINGS AND DISTRIBUTER DISPUTE

The Company is pleased to announce that it has raised a total of HKD2,500,000 (equivalent to GBP236,903 through the issue of 831,237 new Ordinary Shares of US$0.001 each in the Company ("Ordinary Shares") at a price of 28.5p per share to two individual shareholders.

Application will be made for the 831,237 new Ordinary Shares to be admitted to trading on the AQSE Growth Market and it is expected that admission will occur on or around 20 January 2021.

The Ordinary Shares, when issued, will be credited as fully paid and rank pari passu in all respects with the existing Ordinary Shares of the Company. The placing proceeds will be used for general working capital purposes.

The Company announces that, following the issue of Ordinary Shares referred to above, in accordance with the Financial Conduct Authority's Disclosure and Transparency Rules (the "Disclosure and Transparency Rules"), the total number of Ordinary Shares in issue will be 85,219,155 with each share carrying the right to one vote.

MiLOC does not hold any shares in Treasury.

The above figure of 85,219,155 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.

The Company also announces that one of its subsidiaries, Star Collaboration (Guangzhou) Limited, has commenced litigation against one of its distributors who has failed to comply with a distribution agreement in place with the Company. Approximately RMB3,000,000 in outstanding debts is due from this distributor to the Company.

The directors of the Company accept responsibility for the contents of this announcement.

For further information, please contact:-

MiLOC ONG Ban Poh Michael - Chief Executive Officer  Ronnie CHOI - Chief Financial Officer	Tel: +852 2110 4221
AQSE Growth Market Corporate Adviser PETERHOUSE CAPITAL LIMITED Guy Miller Mark Anwyl	Tel: +44 (0) 20 7469 0930

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