Crypto Flow Technology Limited — Regulatory Filings 2021

Dec 7, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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Loto Interactive Limited

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 8198)

VOLUNTARY ANNOUNCEMENT BUSINESS UPDATE ON THE PROGRESS OF THE BIG DATA CENTRE PROJECT IN KAZAKHSTAN

References are made to the announcements of Loto Interactive Limited (the “ Company ”) dated 6 September 2021 (the “ First Announcement ”) and 28 September 2021 (the “ Second Announcement ”) in respect of the formation of a JV Company. Unless otherwise herein defined, capitalised terms used in this announcement shall have the same meanings as defined in the First Announcement and Second Announcement.

As disclosed in the First Announcement and Second Announcement, Brighten Express and the JV Partner entered into the Shareholders Agreement relating to the formation of the JV Company, which is proposed primarily to be engaged in the construction and operation of the Project. It was further disclosed in the Second Announcement that Brighten Express, the New JV Partner and the JV Partner entered into the Supplemental Agreement pursuant to which the New JV Partner agrees to assume all the obligations and liabilities of the JV Partner under the Shareholders Agreement and the JV Partner agrees to assign all its rights, benefits and interests in the Shareholders Agreement to the New JV Partner with effect from the date of the Supplemental Agreement.

PROGRESS OF THE PROJECT

Brighten Express and the New JV Partner have been monitoring the stability of electricity supply in western Kazakhstan in recent months and came to the view that the local power facilities in the region are not as developed as anticipated. It has been observed that the supply of electricity has become unstable in light of the exponential increase in the demand of electricity that Kazakhstan has lately been facing. Coupled with the harsh winter weather, certain major power plants have had to undergo emergency shutdowns. Taking into account the power outages and the rapid increase in the demand of electricity in Kazakhstan, which have led to the surge in the price of electricity in the country, Brighten Express and the New JV Partner consider the supply of and fluctuation in the cost of electricity in Kazakhstan, which are determinant factors for the success of the Project, to be uncertain and unpredictable.

In light of the foregoing, Brighten Express and the New JV Partner believe that it would be most commercially sensible to err on the side of caution and to observe the fluctuation and trend in the big data centre market conditions in Kazakhstan, including the cost of operation and regulatory initiatives of the Kazakhstani authorities, before commencing the Project. As such, Brighten Express and the New JV Partner agreed that the injection of the Initial Capital Contribution shall be postponed to such later date as shall be agreed between Brighten Express

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and the New JV Partner. The Directors consider the postponement of commencement of the Project, for the time being, to monitor market changes to be prudent and in the best interest of the Company and its shareholders as a whole.

The Company will keep the shareholders of the Company (the “ Shareholders ”) and potential investors informed of any further development in relation to the progress of the Project as and when appropriate. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board Loto Interactive Limited Yan Hao

Chief Executive Officer and Executive Director

Hong Kong, 7 December 2021

As at the date of this announcement, the Board of Directors comprises Ms. Zhang Jing[] (Chairman), Mr. Yan Hao[#] (Chief Executive Officer), Ms. Huang Lilan[#] , Mr. Yang Xianfeng[] , Dr. Lu Haitian[+] , Mr. Lin Sen[+] and Mr. Huang Jian[+] .

• # Executive Director

• Non-executive Director

+ Independent Non-executive Director

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the “Latest Company Announcements” page of the GEM website at www.hkgem.com for a minimum period of 7 days from the date of its publication and on the Company’s website at www.lotoie.com.

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