Wisdomcome Group Holdings Ltd. — Capital/Financing Update 2016

Apr 28, 2016

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 the 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.

EASY REPAY FINANCE & INVESTMENT LIMITED 易還財務投資有限公司

(Continued into Bermuda with limited liability)

(Stock code: 8079)

CHANGE IN USE OF PROCEEDS OF RIGHTS ISSUE

Reference is made to the circular of the Company dated 10 November 2014 (“ Circular ”) in relation to the Rights Issue (“ Rights Issue ”). Unless otherwise defined, capitalized terms used herein shall have the same meanings as those used in the Circular.

As disclosed in the Circular, approximately HK$123.1 million of the net proceeds from the Rights Issue (“ Rights Issue Proceeds ”) intended to be used for approximately (i) HK$74.1 million for expanding its money lending business; (ii) HK$29 million for expanding its retail business and/or medicine store; and (iii) HK$20 million for general working general capital of the Group.

As disclosed in the annual report for the year ended 31 March 2015, the actual use of the Rights Issue Proceeds has been changed to approximately (i) HK$94.2 million for expanding its money lending business; (ii) HK$2.9 million for expanding its retail business and/or medicine store; and (iii) HK$26 million for general working general capital of the Group.

Taking into consideration that (i) increase in demand from the money lending market, an additional funding was needed so as to generate more loan interests to the Group and not to limit the growth of its money lending business; and (ii) due to the sharp decline of activities in the retail sector in Hong Kong during the year 2015 and the glooming outlook of the retail sector in Hong Kong, the Group could not identify any suitable location to expand its retail business and/or medicine stores and has decided to put the expansion on hold until the retail sector in Hong Kong shows improvement. As stated in the Circular, in the event that the Group could not identify any suitable location to expand its retail business and/or medicine stores, the Rights Issue Proceeds reserved for the development of retail business and/or medicine stores will be allocated to the money lending business. As such, the remaining unutilized of the Rights Issue Proceeds originally allocated for the developing of retail business and/or medicine stores has been re-allocated for expanding its money lending business and general working capital of the Group.

In light of the above and taking into account of the reasons for and benefits of the Group, the Board considers that such change in the use of the Rights Issue Proceeds is in the best interests of the Company and its shareholders as a whole.

By order of the Board Easy Repay Finance & Investment Limited Shiu Yeuk Yuen Chairman

Hong Kong, 28 April 2016

As at the date of this announcement, the board of directors of the Company comprises Mr. Shiu Yeuk Yuen and Mr. Leung Ge On Andy as executive directors; Dr. Siu Yim Kwan, Sidney, Mr. Kam Tik Lun and Mr. Lau Gar Hung Christopher as independent non-executive directors.

This announcement, for which the directors of the Company 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 of the Company 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 website of the GEM at www.hkgem.com for at least seven days from the date of its posting and on the Company’s website at www.ecrepay.com.