EFT Solutions Holdings Limited — Earnings Release 2020

Jun 2, 2020

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) 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.

EFT Solutions Holdings Limited 俊盟國際控股有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 8062)

PROFIT WARNING

This announcement is made by EFT Solutions Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 17.10 of the Rules (the “ GEM Listing Rules ”) Governing the Listing of Securities on GEM of the Stock Exchange.

The board (the “ Board ”) of directors (the “ Director(s) ”) of the Company wishes to inform shareholders of the Company (the “ Shareholders ”) and potential investors of the Company that, based on the information currently available to the Board and the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March 2020 (the “ Current Year ”), the Group is expecting to report a decrease of not less than 58% in the profit attributable to the Shareholders for the Current Year as compared to the year ended 31 March 2019. Based on the information currently available, the decrease in net profit would be mainly attributable to (i) the decrease of revenue of the Group from sourcing of EFT-POS terminals and peripheral devices and provision of system support and software solutions services sector which is due to the economic downturn and keen competition and (ii) the loss from disposal of subsidiaries in the Current Year.

As the Company is still in the process of preparing its unaudited consolidated annual results for the Current Year, the information contained in this announcement is only based on the Board’s preliminary assessment of the unaudited consolidated management accounts of the Group for the Current Year and information currently available to the Company, which financial figures or information have neither been audited or reviewed by the auditors of the Company, nor been approved by the audit committee of the Company. The results announcement of the Group for the Current Period is expected to be published by the Company within the timeframe as stipulated under the GEM Listing Rules. Shareholders and potential investors of the Company are advised to read the same carefully.

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Shareholders and potential investors of the Company are advised to exercise caution in dealing in the shares of the Company.

By order of the Board EFT Solutions Holdings Limited Lo Chun Kit Andrew

Chairman and Chief Executive Officer

Hong Kong, 2 June 2020

As of the date of this announcement, the Board comprises executive Directors Mr. Lo Chun Kit Andrew and Mr. Lo Chun Wa; non-executive Directors Ms. Lam Ching Man and Mr. Lui Hin Weng Samuel; and independent non-executive Directors Dr. Wu Wing Kuen, B.B.S., Mr. Tso Ping Cheong Brian and Mr. Wong Ping Yiu.

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 Stock Exchange’s website at www.hkexnews.hk and the GEM website at www.hkgem.com on the “Latest Company Announcements” page for at least seven days from the date of its posting and be posted on the website of the Company at www.eftsolutions.com.

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