FinancialHighlights

HONG KONG, CHINA  - Media OutReach - 8 August 2018 - EFT Solutions Holdings Limited ("the Company", together with its subsidiaries, the "Group"; Stock Code: 8062) announced itsfirst quarter result. For the three months ended 30 June 2018 ("The Reporting Period"), the Grouprecorded revenue of approximately HK$31.5 million which representing asignificant increase of approximately 162.5% as compared with approximatelyHK$12.0 million in the corresponding period in 2017.

Duringthe Reporting Period, the Group recorded profit of approximately HK$9.0million, representing a significant increase of approximately 373.7%, mainlydue to the increase in the sourcing of electronic fund transfer atpoint-of-sale ("EFT-POS") terminalsand peripheral devices and the Group's entrance into the market of point-of-sale("POS") software solution startingfrom June 2018 through the acquisition of Earn World Development Limited togetherwith its subsidiaries ("Earn World Group").

Business Review

During the Reporting Period, the Grouphas continued to take a leading position as an innovative EFT-POS solutionprovider focusing on sourcing of EFT-POS terminals and peripheral devices, andprovision of EFT-POS system support services and software solution services ("EFT-POS Solution Business") in HongKong.

During the Reporting Period, the Groupcommenced the provision of POS software solution services ("POS Software Solution Business") inHong Kong and the People's Republic of China through the acquisition of Earn WorldGroup and the provision of embedded system solution services ("Embedded System Solution Business") inAustralia through the subscription of shares in NewportTek Pty Ltd ("Newport"). Due to such expansion, the revenue ofthe Group in the Reporting Period increased significantly.

EFT-POS Solution Business

During the Reporting Period, the Grouprecorded revenue of approximately HK$24.7 million for the EFT-POS SolutionBusiness.

The Group is confident inwell-positioning itself to continue on consolidating as the link betweenEFT-POS terminal manufacturers and acquirers (i.e. acquiring bank or payment processorthat processes credit or debit card payments on behalf of a merchant) toprovide total EFT-POS solutions including sourcing of EFT-POS terminals andperipheral devices services, together with developing software that comply withelectronic payment standards acceptance certification, installation and ongoingmaintenance and repair services of EFT-POS terminals and other related services.The Group also provides customized project-based software solution services soas to further capture ongoing growth opportunities and expand local marketshare in the EFT-POS terminal market and strengthen our payment solutiontechnology and software solution services. The Group provides sourcing ofEFT-POS terminals and peripheral devices services to acquirers as well asmerchants. Leveraging our experience in the electronic payment industry and ourwell-established business relationships with EFT-POS terminal and peripheraldevice manufacturers, the Group is able to recommend suitable EFT-POS solutionsto meet the requirements of our customers.

POS Software Solution Business

During the Reporting Period, the Grouprecorded revenue of approximately HK$5.3 million for the POS Software SolutionBusiness. The Group entered into the market of POS software solution startingfrom June 2018 through the acquisition of Earn World Group.

The Earn World Group is principallyengaged in the provision of software solution in retail, distribution andaccounting sectors, with the objective of providing commercial software applicationsand retail and distribution solutions which are suitable for global operation. TheEarn World Group positions itself as the link between software solutionproviders and the merchants to provide full software solutions includingprovision of software solution in retail, distribution and accounting sectorsincluding point of sales system, ordering and inventory system, accountingsystem and ongoing maintenance services. The Earn World Group also providescustomized project-based software solution services to meet different needsfrom customers.

Currently, many companies are starting toemphasize the importance of big data assets obtained by a one-stop centralizedPOS system with up-to-date financial analysis and various in-app lifestylefeatures to support business decision making. The Group's POS software solutionservices can provide tailor-made solutions to obtain real time payment status,inventory and accounting information to customers and provide up-to-date systemenhancement to meet customer's specific needs and keep abreast of the latesttechnological development. It is anticipated that the POS system softwaresolution services will become more popular due to fierce competition inbusiness sectors especially retail sectors which would lead to an increase indemand for software solution services providing competitive edge.

Embedded System Solution Business

During the Reporting Period, the Grouprecorded revenue of approximately HK$1.4 million for the Embedded SystemSolution Business. The Group entered into the market of embedded systemsolution starting from April 2018 through the subscription of shares inNewport. Newport is principally engaged in the provision of embedded hardwareand software solution services in sectors of finance, transportation and manufacturingto fulfill customer's specific needs and requirements.

It is anticipated that the trend of smartcity development is growing in Hong Kong and developed countries in overseas.Newport's embedded system technology can be used to provide solutions toimprove the payment system in the parking system and provide tailor-made hardwareand software solutions which can upgrade the lifestyles in a smart living way. Themarket of embedded system solution is expected to grow under the global trendof smart city development.

FutureOutlook

The Group will strive its best effort toachieve business growth. The Group aims to further expand our market share andstrengthen our market position in electronic payment and POS software solutionand embedded system solution industries by increasing its capabilities and offeringdiverse and high quality one-stop integrated services.

Looking ahead, the management of theGroup would make every endeavor to explore more business opportunities inpayment solutions so as to strengthen the Group's financial position andmaintain its growth.

Mr. Lo Chun KitAndrew, Chairman, Chief Executive Officer and Executive Director of the Group said, "The implementation of the stored valuefacilities scheme by the Hong Kong Monetary Authority in late 2016 and theupcoming launch of faster payment system in September 2018 have accelerated thedevelopment of electronic payment in Hong Kong. It is anticipated that theelectronic payment industry will be booming and electronic payment will becomemore popular with various ways of usage. The group will continue to look forlocal and overseas expansion opportunities in order to increase market shares, consolidateour market position, as well as maximize return of our shareholders andinvestors."

About EFT Solutions HoldingsLimited

EFTSolutions Holdings Limited (Stock Code: 8062) has been committed to providing afull range of electronic payment solutions, supporting software and peripheraldevices, in order to bring convenience to Hong Kong citizens and make theirlife better. It aims at providing the most suitableelectronic payment solution for different customers, as well as providingadd-value function for EFT-POS terminal, and coordinating terminal installationand maintenance service. Its EFT-POS terminal service covers renowned restaurantgroup, railway company, banks, major chain stores and department stores in HongKong.