Prime Intelligence Solutions Group Limited — Regulatory Filings 2021

Oct 31, 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.

PRIME INTELLIGENCE SOLUTIONS GROUP LIMITED 匯安智能科技集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 08379)

UNUSUAL PRICE AND TRADING VOLUME MOVEMENT AND

INSIDE INFORMATION REGARDING POSSIBLE COLLABORATION AND

SUPPLEMENTAL INFORMATION ON THE ANNOUNCEMENT

This announcement is made by Prime Intelligence Solutions Group Limited (the ‘‘Company’’, together with its subsidiaries, the ‘‘Group’’) pursuant to Rule 17.10 of the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited (the ‘‘GEM Listing Rules’’) and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (‘‘SFO’’).

Reference is made to the announcement (the ‘‘Announcement’’) of the Company on 27 October 2021 in relation to the proposed change of the dual foreign name in Chinese. Unless otherwise stated, terms used in this announcement have the same meanings as defined in the Announcement.

UNUSUAL PRICE AND TRADING VOLUME MOVEMENT

The Board has noted the recent increase in the price and trading volume of the shares in the capital of the Company.

Having made such enquiry with respect to the Company as is reasonably in the circumstances, the Board confirms that, save as (i) the publicity believed to be generated from the Proposed Change of Company Name; and (ii) matters as disclosed below, it is not aware of any reasons for these price and volume movements or of any information which must be announced to avoid a false market in the Company’s securities or of any inside information that needs to be disclosed under Part XIVA of the SFO.

POSSIBLE COLLABORATION WITH CHONGQING LAZY PIG

The Group has been in talks with 懶豬科技(重慶)有限公司 (Lanzhu Technology (Chongqing) Company Limited) (‘‘Chongqing Lazy Pig’’) in respect of possible collaborations between the parties to explore smart technology related business opportunities in the People’s Republic of China (‘‘PRC’’) (the ‘‘Proposed Collaboration’’).

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Established in 2020 in Chongqing City, the PRC, Chongqing Lazy Pig is a real-time distribution platform focusing on one-to-one delivery services in the same city, providing users with 7×24-hour online services to help users solve various ‘‘urgent, busy, lazy, and difficult’’ needs such as buying, delivering, picking up and providing delivery services for small and medium-sized enterprises, e-commerce, and local merchants.

The Directors confirm that to the best of their knowledge, information and belief having made all reasonable enquiries, Chongqing Lazy Pig and its ultimate beneficial owner(s) are third party(ies) independent of the Company and the connected persons (within the meaning of the GEM Listing Rules) of the Company, and will be identified in the announcement to be published if and when definitive agreement in respect of the Proposed Collaboration is entered into.

As at the date of this announcement, no concrete plan as regards the form and/or the terms of the Proposed Collaboration has been formulated except that, as a gesture of good faith, Chongqing Lazy Pig has given consent to the Group to use the name ‘‘懶豬科技’’ (Lazy Pig Technology) outside the PRC.

The Proposed Collaboration, if materialise, may constitute a notifiable transaction for the Company under the GEM Listing Rules. The Company will make further announcement(s) as and when required in accordance with the GEM Listing Rules.

SUPPLEMENTAL INFORMATION ON THE ANNOUNCEMENT

Reference is made to the Announcement. The Company would like to provide further information on the reasons of the Proposed Change of Company Name. The Board considers the name ‘‘懶豬科技’’ to be distinctive and humorous. It signifies the Group’s ambition to provide smart technology solutions that help people to accomplish mundane tasks with ease. Also, Chongqing Lazy Pig has given consent to the Group to use the name ‘‘懶豬科技’’ (Lazy Pig Technology) outside the PRC. Accordingly, the Board proposed the change of the Chinese company name for the Company’s shareholders to consider.

Save as disclosed in this announcement, all information set out in the Announcement remain unchanged.

WARNING: There is no assurance that the Proposed Collaboration will materialize or eventually be consummated. Shareholders and potential investors of the Company should exercise caution when dealing in the shares of the Company. Persons who are in doubt as to the action they should take should consult their stockbrokers, bank managers, solicitors or other professional advisors.

By order of the Board

Prime Intelligence Solutions Group Limited 匯安智能科技集團有限公司 Yuen Kwok Wai, Tony Chairman

Hong Kong, 1 November 2021

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As at the date of this announcement, the executive Directors are Mr. Yuen Kwok Wai, Tony, Ms. Yuen Mei Ling, Pauline, Ms. Sun Ngai Chu, Danielle and Mr. Mui Pak Kuen; the nonexecutive Director is Mr. Yam Chiu Fan, Joseph; and the independent non-executive Directors are Mr. Hui Man Ho, Ivan, Mr. Chung Billy and Mr. Poon Wai Hung Richard.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited 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 beliefs 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 Announcement’’ page of the GEM website www.hkgem.com for at least seven days from the date of its publication. This announcement will also be published on the Company’s website at www.primeintelligence.com.hk.

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