2018年8月17日

Early Equity PLC

(“Early Equity” or “公司”)

解除其股票暂停

恢复交易

于2018年5月16日暂停本公司股份后,董事欣然宣布解除其股票暂停。

本公司股票在NEX交易所增长市场的交易将于2018年8月20日星期一上午8:00开始。

完整公告内容(英文版)如下:

 

17 August 2018

Early Equity PLC

(“Early Equity” or “the Company”)

Lifting of suspension of its shares

Resumption to Trading

Following a Suspension of the Company’s shares on the 16 May 2018 the Directors
are pleased to announce the lifting of the suspension in their shares.

The trading in the Company’s shares on the NEX Exchange Growth Market will
commence at 8:00am on Monday 20 August 2018.

Formation of the EI Nominee Company

The Company wishes to report that historically a number of off-market trades in
its securities have taken place due (in part) to the granting of shares, as a
gift to agents of Early Infinity Holdings Sdn Bhd (“EI”) to support the
Company’s investment into Yicom Global Sdn Bhd (“Yicom”) and EI. Early Equity
holds 188,571 ordinary shares in Yicom (representing 47.14% of its issued
capital) and 60,000 ordinary shares in EI (representing 4% of its issued share
capital).

EI is the holder of the sole distribution agreement for all Yicom products. EI
employs agents in Malaysia, and other countries in South East Asia in a
multi-level marketing company, which sells Yicom products.

EI has, to date, incentivised its Agents by gifting them shares in Early
Equity. These gifted shares have not been reported to the market as trades, as
they were deemed a gift and not a purchase. When Agents cease to be an Agent
of the Company, if they have not met certain targets the shares are gifted back
to allow for their placement with new Agents.

Following a review by the NEX Exchange it has been agreed to change how these
shares are distributed.

Early Infinity Holdings Sdn Bhd (“EI”) has agreed to establish a new Nominee
Company to be incorporated in Malaysia (the “Nominee”) that will be 100% owned
by EI. The role of the Nominee is to hold all shares issued by EI to Agents,
with this new process in place the direct transfer of shares to agents will
cease. A key feature of the new process is to issue new Agents with a warrant
certificate, which will have the identical terms and conditions on the existing
shares issued to Agents in accordance to their performance

In the initial process the shares granted to agents were issued for a nil
consideration, as provided in the agent agreement the warrants will also be
issued at a nil consideration. In the event that the Agent Agreement is
terminated, and the agent has not performed and met certain sales targets, the
warrant certificate will be cancelled.

With the new process in place, the Nominee Company will have one role, which is
to hold shares for the benefit of Agents of EI. The directors of the Nominee
will have overall responsibility of managing the issuance and cancellation of
warrants.

The Directors of the EI Nominee Company will be Tee Lian Zu and Ng Kok Beng who
have no involvement in the day to day running of Early Equity or EI and do not
hold any shares in the Early Equity.

There are currently 371,233,139 shares representing 46.73% of the issued share
capital of Early Equity with EI Agents. Initially the Company expects to
receive back into the EI Nominee Company approximately 50,000,000 shares
representing 6.29% of the shares in Early Equity.

Current trading and future prospects

The Company has received management accounts from Yicom that are currently
being audited up to 31 January 2018. The figures indicate an increase in
turnover and profit compared to the previous year. The increase in sales has
been driven by the expansion of EI agents both numerically and geographically.
EI are now operational in Malaysia, Singapore, Hong Kong, Taiwan, Indonesia,
Japan and Thailand. Yicom are seeking additional regulatory approvals in the
People’s Republic of China (‘PRC’) to officially launch and expand their
product offering within the territory of PRC. Last year (audited accounts year
end 31/01/17), Yicom issued a dividend payment of Ringit Malaysia RM 426,934 (GBP
84,026 at an exchange rate of GBP1:RM5.20) to its shareholders. Yicom have not
yet declared a dividend for the current year.

The Company continues to monitor its smaller investments in other entities and
continues to seek further acquisitions that meet its investment criteria and to
raise additional funds when suitable opportunities are present.

The directors of Early Equity Plc accept responsibility for this announcement.

For further information please contact:
Greg Collier
Tel: +44 7830 182501

NEX EXCHANGE CORPORATE ADVISER:
Alexander David Securities Limited
David Scott – Corporate Finance
James Dewhurst – Corporate Broking
Telephone: +44 (0) 20 7448 9820
http://www.ad-securities.com