8I HOLDINGS LTD — Capital/Financing Update 2016

Jul 21, 2016

ASX ANNOUNCEMENT / MEDIA RELEASE

For Immediate Release

8I Holdings Ltd (ASX: 8IH)

Acquisition of 8 MAD Group Sdn Bhd

22 July 2016, Singapore

8I Holdings Ltd (ASX: 8IH) (“8IH” or the “Company”) advises that its Private Equity division has entered into a Share Sale and Subscription agreement (“SSS”) for the acquisition of 51% equity interest of 8 MAD Group Sdn Bhd (“8MG”) for a consideration of RM430,000 via the Company’s wholly owned subsidiary, 8IH Global Ltd (“8IH Global”).

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8MG is an investment holding company based in Malaysia with two subsidiaries under the Group:

i. MAD Integrated Sdn Bhd

An integrated branding and marketing communications consultancy specializing in the provision of strategic branding, public relations, digital and event marketing programmes.

ii. MAD Training Sdn Bhd

An educational training and consulting company that provides customized training and performance coaching solutions to both learning institutions and corporations.

8MG has an unaudited combined Revenue of RM4,146,646 and Net Profit After Tax (“NPAT”) of RM259,844 for the financial year ended 31 December 2015 (“FY2015”). With 8MG’s access to potential growth companies in Malaysia through its subsidiaries’ activities in supporting businesses & brands activation, the acquisition is expected to provide the Company with a potential pipeline of investible businesses for its Private Equity Division.

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The dynamic team of MAD Integrated Sdn Bhd

Seen in photo from left to right: Eugene Lim (Associate Director, Human Potential Development), Elaine Heng (Manager, Brand Advisory), Crystal Koh (Managing Director), Patrick Wee (Chief Executive Officer), Tan Sue Lynn (Director, Business Development), Joe How (Director, Creative Productions), Tan Hong Sun (Manager, Customer Relations), Sabrina Lau (Manager, Finance & Admin)

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Key Terms of the Agreement:

• The transaction is subject to financial and legal due diligence by the Company on

  • 8MG as well as the completion and execution of the SSS.

• 8MG have guaranteed a minimum Net Profit After Tax of RM244,000 for FY2015, and a minimum NPAT of RM250,000 for every subsequent financial year. In the event that the NPAT for the financial year falls below the minimum NPAT, 8IH shall have the right to decide on the dividend payable to the Company by 8MG.

Executive Chairman of 8IH, Mr Ken Chee commented, “8 MAD Group is a growing vibrant creative force that empowers lifestyle brands to connect deeply with the mass affluent market in Malaysia, especially among the youths. Through this acquisition, we strengthen our eco-system for our platform partners in Asia while providing a pool of potential fast growing brands for the private equity team in 8IH. We are excited and look forward to create and deliver massive sustainable value together with 8 MAD Group team”.

ENDS

For further information, please visit www.8iholdings.com

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Media Enquiries:

Louis Chua Goh Yi Lin Company Secretary (Australia) Investor Relations 8I Holdings Ltd 8I Holdings Ltd +65 6225 8480 ext. 114 +65 6225 8480 ext. 113 louis@8iholdings.com info@8iholdings.com

About 8I Holdings Limited

8I Holdings is the holding company of the 8I Group that is based in Singapore and operates an investment business in listed securities, private equity, real property developments, and a financial education and training seminar business. Our experiences as a financial education company focusing on investment techniques with “Value Investing” through our flagship “Millionaire Investor Program” has facilitated significant growth and established 8I Group as one of the leading financial education seminar operators with an investment business in Singapore.

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