EFT : TERMINATION OF MEMORANDUM OF UNDERSTANDING

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.

EFT Solutions Holdings Limited ڲຑ਷ყછٰϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 8062)

TERMINATION OF MEMORANDUM OF UNDERSTANDING

This announcement is made by the Company pursuant to Rule 17.10 of GEM Listing Rules and Inside Information Provisions (as defined under the GEM Listing Rules) under Part XIVA of the SFO (Cap.571, Laws of Hong Kong).

Reference is made to the announcement of the Company dated 25 October 2017 (the "Announcement"). Unless otherwise stated, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

Pursuant to the terms of the MOU, among other matters, the MOU will be terminated (a) upon expiry of the Exclusivity Period; (b) upon the relevant parties entering into the Formal Agreement superseding the MOU; (c) by agreement of the parties to the MOU in writing; (d) if the Proposed Investment is not approved by the board of directors of the Target Group or the Company; or (e) the Proposed Investment fails to obtain approvals from the relevant authorities (if necessary).

As the parties to the MOU have been unable to reach a formal agreement in respect of the Proposed Investment, the Board announces that the MOU has been terminated pursuant to ground (a) and (d) above and the Deposit has been returned to the Company.

The Board considers that the termination of the MOU has no material impact on the existing business operation and financial position of the Group.

By order of the Board

EFT Solutions Holdings Limited

Luk Pok Yin Company Secretary

Hong Kong, 15 January 2019

As at the date of this announcement, the Board comprises executive Directors Mr. Lo Chun Kit Andrew, Mr. Lo Chun Wa and Mr. Chan Lung Ming; non-executive Directors Ms. Lam Ching Man and Mr. Lui Hin Weng Samuel; and independent non-executive Directors Mr. Lam Keung, Ms. Yang Eugenia and Mr. Ng Ming Fai.

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 atwww.hkexnews.hkand the GEM website atwww.hkgem.comon 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 atwww.eftsolutions.com.