Announcement • Oct 02
Credit Intelligence Limited, Annual General Meeting, Nov 26, 2025 Credit Intelligence Limited, Annual General Meeting, Nov 26, 2025. Announcement • Jul 09
Credit Intelligence Limited Announces Resignation of Mr. Alex Luis as Non- Executive Director and as Remuneration Committee Chairperson, Effective from 7 July 2025 Credit Intelligence Limited announced that Mr. Alex Luis has resigned as a Non- Executive Director and Remuneration Committee Chairperson of the Company, with effect from 7 July 2025. Mr. Luis has advised that the decision to step down from the Board is due to personal reasons. The Board acknowledges and respects this decision and extends its full support. Mr. Luis joined the Board on 1 February 2024 to assist in the Company's full strategic review of the portfolio in the context of evaluating future opportunities. The Company will continue to ensure that the Board maintains an appropriate mix of skills, experience, and governance oversight to support its strategic direction. An update will be provided to the market if and
when a new appointment is made. Announcement • Mar 06
Wai Cheung Yu agreed to acquire BNPL International Limited from Credit Intelligence Limited (ASX:CI1) for AUD 1. Wai Cheung Yu agreed to acquire BNPL International Limited from Credit Intelligence Limited (ASX:CI1) for AUD 1 on March 4, 2025. A cash consideration of AUD 1 will be paid by the buyer. As part of consideration, AUD 1 is paid towards common equity of BNPL International Limited. Announcement • Jan 30
Christopher Hayden Mushan entered into a deed of agreement to acquire remaining 60% stake in Chapter Two Holdings Pty Ltd from Credit Intelligence Limited (ASX:CI1) for AUD 1. Christopher Hayden Mushan entered into a deed of agreement to acquire remaining 60% stake in Chapter Two Holdings Pty Ltd from Credit Intelligence Limited (ASX:CI1) for AUD 1 on January 28, 2025. A cash consideration of AUD 1 will be paid by the Christopher Hayden Mushan. As part of consideration, AUD 1 is paid towards common equity of Chapter Two Holdings Pty Ltd. Announcement • Jan 13
Credit Intelligence Limited Announces Directorate Changes Credit Intelligence Limited advised that Mr. Russell Goodman has resigned as a director of the Company on 13 January 2025, and the Board has appointed Mr. Gregory Starr as a Non- Executive Director of the Company, effective 13 January 2025. The Board thanks Mr. Goodman for his valued contributions and services to the Company and wish him all the best for his future appointments and endeavours. Mr. Starr brings significant experience to the Company across mining, corporate governance, financial & Business planning capabilities, and has been involved in many M&A and debt and equity financial transactions. Mr. Starr is an experienced public company director, having held senior positions in a number of ASX listed companies for over the last 20 years. Mr. Starr has extensive corporate leadership skills and strong financial and business planning capabilities. This enables him to guide the Company in a diversity of corporate and commercial matters, including in corporate governance, regulatory compliance, stakeholder engagement, strategy development, corporate financing, transaction management, and investor relations. Announcement • Aug 28
Credit Intelligence Limited, Annual General Meeting, Oct 28, 2024 Credit Intelligence Limited, Annual General Meeting, Oct 28, 2024. Announcement • Jun 01
SME Global Funding Pte. Ltd. entered into a share transfer agreement to acquire 60% stake in ICS Funding Pte Ltd. from Credit Intelligence Limited (ASX:CI1) for SGD 0.17 million. SME Global Funding Pte. Ltd. entered into a share transfer agreement to acquire 60% stake in ICS Funding Pte Ltd. from Credit Intelligence Limited (ASX:CI1) for SGD 0.17 million on May 31, 2024. Upon completion of the Disposal, the Group will no longer have any interest in ICS, and ICS will cease to be accounted for as a subsidiary of the Group. Recent Insider Transactions • Feb 10
Director recently bought AU$187k worth of stock On the 6th of February, Alex Luis bought around 1m shares on-market at roughly AU$0.19 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$89k more in shares than they bought in the last 12 months. Board Change • Feb 03
Less than half of directors are independent Following Director Alex Luis' arrival on 01 February 2024, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Russell Goodman was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jan 26
Insider recently sold AU$111k worth of stock On the 19th of January, Ka Sek Wong sold around 919k shares on-market at roughly AU$0.12 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth AU$370k. Insiders have been net sellers, collectively disposing of AU$275k more than they bought in the last 12 months. New Risk • Jan 20
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$370k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 47% per year over the past 5 years. Market cap is less than US$10m (AU$10.6m market cap, or US$6.97m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Significant insider selling over the past 3 months (AU$370k sold). Board Change • Jan 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Executive Director Mark Ng was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Dec 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.6m (US$9.28m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 47% per year over the past 5 years. Market cap is less than US$10m (AU$13.6m market cap, or US$9.28m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Recent Insider Transactions • Dec 28
Chief Executive Officer recently sold AU$370k worth of stock On the 20th of December, Ka Sek Wong sold around 2m shares on-market at roughly AU$0.18 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Ka Sek's only on-market trade for the last 12 months. Announcement • Dec 15
Credit Intelligence Limited Receives Notification from Jimmie Wong to Resign as Chief Executive Officer Credit Intelligence Limited received notification from Mr. Jimmie Wong to resign as chief executive officer (CEO) of the Company, effective from 13 December 2023. Announcement • Dec 14
Credit Intelligence Limited Announces Board Appointments, Effective January 1, 2024 Credit Intelligence Limited appointed Mr. Doman Wong as non-executive director and audit committee chairperson of the Company, effective from 1 January 2024. Mr. Wong has around 30 years of experience combining external audit, management accounting, operations management, and internal audit and investigation. First trained in one of the Big Four, he previously held various management positions in a number of listed companies, including Asian subsidiaries of US and UK-based multi-national companies in Hong Kong and Australia. Mr. Wong is currently the Executive Director of BT Corporate Governance Limited and Head of Risk Advisory Services of Baker Tilly Hong Kong. The Company also announced that Mr. Michael Pixley has agreed to assume the Chairman role for the Board. The Board will continue to review the Group structure and will update the market in due course. Announcement • Dec 12
Credit Intelligence Limited Announces Management Changes Credit Intelligence Limited received the resignation from Mr. Jimmie Wong to resign as the executive director of the Company, together with all directorships in the Group's subsidiaries with immediate effect from 12 December 2023. The board of directors of the Company resolved that the upcoming extraordinary general meeting to be held on 14 December 2023 in relation to removal of Mr. Jimmie Wong be cancelled given the resolution can no longer be effectuated following the resignation of Mr. Jimmie Wong. The Company also announced that Mr. Arthur Ma has resigned as joint Company Secretary of the Company, effective from 12 December 2023. Reported Earnings • Sep 25
Full year 2023 earnings released: AU$0.07 loss per share (vs AU$0.011 loss in FY 2022) Full year 2023 results: AU$0.07 loss per share (further deteriorated from AU$0.011 loss in FY 2022). Revenue: AU$16.8m (up 4.2% from FY 2022). Net loss: AU$5.78m (loss widened AU$4.93m from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. New Risk • Sep 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 47% per year over the past 5 years. Market cap is less than US$10m (AU$13.6m market cap, or US$8.76m). Minor Risk Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Announcement • Aug 29
Credit Intelligence Limited, Annual General Meeting, Oct 25, 2023 Credit Intelligence Limited, Annual General Meeting, Oct 25, 2023. Reported Earnings • Aug 24
Full year 2023 earnings released: AU$0.07 loss per share (vs AU$0.011 loss in FY 2022) Full year 2023 results: AU$0.07 loss per share (further deteriorated from AU$0.011 loss in FY 2022). Revenue: AU$17.0m (up 5.1% from FY 2022). Net loss: AU$5.78m (loss widened AU$4.93m from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. New Risk • Aug 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 26% per year over the past 5 years. Market cap is less than US$10m (AU$15.0m market cap, or US$9.85m). Minor Risk Shareholders have been diluted in the past year (4.2% increase in shares outstanding). New Risk • Jun 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 26% per year over the past 5 years. Market cap is less than US$10m (AU$10.4m market cap, or US$7.06m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Announcement • Jun 19
Credit Intelligence Limited Provides Earnings Guidance for the Twelve Months Ending 30 June 2023 Credit Intelligence Limited provided earnings guidance for the twelve months ending 30 June 2023. For the period, the Group's unaudited consolidated loss attributable to members of the parent entity was $1.5 million (including the impairment loss $2 million recognized during the half-year) as compared to a net profit of $2.3 million in the corresponding period, a 165% decrease. The decrease was primarily due to the impairment loss recognized during the half-year, the increase in employee benefits, the increase in cost of development of individual BNPL services and the decrease in revenue from SME credit financing business segment in Singapore. Recent Insider Transactions • Mar 03
Independent Non-Executive Director recently sold AU$81k worth of stock On the 2nd of March, Russell Goodman sold around 500k shares on-market at roughly AU$0.16 per share. This transaction amounted to 83% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$11k more than they bought in the last 12 months. Reported Earnings • Feb 24
First half 2023 earnings released: AU$0.022 loss per share (vs AU$0.02 profit in 1H 2022) First half 2023 results: AU$0.022 loss per share (down from AU$0.02 profit in 1H 2022). Revenue: AU$8.53m (up 11% from 1H 2022). Net loss: AU$1.83m (down 212% from profit in 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Announcement • Jan 07
Credit Intelligence Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 31 December 2022 Credit Intelligence Limited provided unaudited consolidated earnings guidance for the six months ended 31 December 2022. For the period, the company expects to record a decrease in its unaudited consolidated profit attributable to members of the Company by not less than 50% as compared with that reported for the corresponding period. The decrease was primarily due to (i) the increase in employee benefits, (ii) the increase in cost of development of individual BNPL services, (iii) the decrease in revenue from SME credit financing business segment in Singapore. Announcement • Sep 27
Credit Intelligence Limited, Annual General Meeting, Oct 28, 2022 Credit Intelligence Limited, Annual General Meeting, Oct 28, 2022, at 12:30 W. Australia Standard Time. Agenda: To receive and consider the financial report for the financial year ended 30 June 2022; to consider re-election of Mr Mark Ng as a Director ; To consider re-election of Mr Michael Pixley as a Director; to consider re-election of Mr Russell Goodman as a Director; to consider re-election of Mr Vincent Lai as a Director; to consider re-election of Mr King Wong as Director and for other matters. Reported Earnings • Aug 30
Full year 2022 earnings released: AU$0.011 loss per share (vs AU$0.011 profit in FY 2021) Full year 2022 results: AU$0.011 loss per share (down from AU$0.011 profit in FY 2021). Revenue: AU$16.3m (up 22% from FY 2021). Net loss: AU$842.4k (down 214% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Announcement • Jul 15
Credit Intelligence Limited Announces Change of Company Secretary Credit Intelligence Limited has appointed Mr. Nicholas Ong and Mr. Arthur Ma as Joint Company Secretary with effect from 15 July 2022, to replace Elizabeth Lee. Ong brings 18 years' of experience in listing rules compliance and corporate governance. He is a non-executive director and company secretary of several ASX listed companies. Ong is a fellow member of the Governance Institute of Australia and holds a Bachelor of Commerce and a Master of Business Administration from the University of Western Australia. Mr. Ma is the CFO of the Company. He is a member of CPA (Aust.). Recent Insider Transactions • May 19
Independent Non-Executive Director recently bought AU$70k worth of stock On the 16th of May, Russell Goodman bought around 500k shares on-market at roughly AU$0.14 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$332k more in shares than they have sold in the last 12 months. Announcement • Sep 24
Credit Intelligence Subsidiary Chapter Two Australia Is Set to Launch New Debt Management App Credit Intelligence subsidiary Chapter Two Australia is set to launch their new Debt Management App which will begin its pilot roll out with the full Australian consumer launch expected in the last week of September. ChapterTwo introduces its new consumer debt management mobile app and announces the Australian launch is slated for the end of September to help Australian consumers manage their debts without impacting their credit files through Bankruptcy and Part IX Debt Agreements. First technology of its kind in the Australian debt management industry. Ability for users to list all their debts in one place, see their repayment history and make one monthly repayment managed by ChapterTwo who will manage their repayments each month. Coupling ChapterTwo's debt management services which negotiates interest free payment plans with their creditors giving their clients the ability to budget accordingly and clear their debts over 5 years. Credit Score updated monthly with the use of Experian's API. Regular tracking of clients' financial position to offer mortgage broking services and future products to their clients who's score, and financial position has improved over their journey with ChapterTwo. No insolvency event or default to their credit file. ChapterTwo has completed the build of their customer app which is powered through Salesforce communities and launched through Salesforce mobile publisher to the IOS and
Android stores. The launch of the app will mark the debut of ChapterTwo's debt management services coupled with a new and innovative debt management service. Reported Earnings • Sep 21
Full year 2021 earnings released: EPS AU$0.001 (vs AU$0.002 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$13.3m (down 2.7% from FY 2020). Net income: AU$736.1k (down 71% from FY 2020). Profit margin: 5.5% (down from 19% in FY 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Sep 14
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Director of Subsidiary Alex Chung is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Sep 12
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Director of Subsidiary Alex Chung is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Sep 09
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Director of Subsidiary Alex Chung is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Sep 07
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Director of Subsidiary Alex Chung is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Sep 03
Insider recently bought AU$87k worth of stock On the 1st of September, King Wong bought around 6m shares on-market at roughly AU$0.014 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$868k more in shares than they bought in the last 12 months. Executive Departure • Aug 11
Group Chief Operating Officer William Banks has left the company On the 9th of August, William Banks' tenure as Group Chief Operating Officer ended after less than a year in the role. We don't have any record of a personal shareholding under William's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Recent Insider Transactions • May 13
Independent Non-Executive Director recently sold AU$102k worth of stock On the 11th of May, Russell Goodman sold around 4m shares on-market at roughly AU$0.024 per share. In the last 3 months, there was an even bigger sale from another insider worth AU$1.2m. Insiders have been net sellers, collectively disposing of AU$1.0m more than they bought in the last 12 months. Announcement • May 04
Credit Intelligence Limited (ASX:CI1) signed an agreement to acquire 60% stake in OneStep Technology Investment Limited for AUD 1.8 million. Credit Intelligence Limited (ASX:CI1) signed an agreement to acquire 60% stake in OneStep Technology Investment Limited for AUD 1.8 million on May 3, 2021. Under the terms, Credit Intelligence Limited will pay 70% of consideration in cash of which AUD 1 million will be paid at closing and AUD 0.4 million within six months of completion; rest would be paid by issuing of 15 million shares of Credit Intelligence Limited. The transaction is subject to completion of due diligence of OneStep I.T. and all necessary internal and external approvals and consents obtained. The transaction is expected to be completed on May 14, 2021. Recent Insider Transactions • Mar 26
Independent Non-Executive Director recently sold AU$140k worth of stock On the 22nd of March, Russell Goodman sold around 4m shares on-market at roughly AU$0.033 per share. In the last 3 months, there was an even bigger sale from another insider worth AU$1.2m. Insiders have been net sellers, collectively disposing of AU$1.1m more than they bought in the last 12 months. Recent Insider Transactions • Mar 19
Insider recently sold AU$1.2m worth of stock On the 11th of March, Lan Chan Chuen sold around 30m shares on-market at roughly AU$0.041 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$887k more than they bought in the last 12 months. Reported Earnings • Feb 25
First half 2021 earnings released: EPS AU$0.001 (vs AU$0.001 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: AU$7.37m (up 21% from 1H 2020). Net income: AU$1.58m (up 26% from 1H 2020). Profit margin: 21% (in line with 1H 2020). Announcement • Feb 24
Credit Intelligence Limited Commences YOZO Pay BNPL Activities Credit Intelligence Limited announced the commencement of lending by YOZO Pay. Credit Intelligence understands the challenges of running a SME and through the YOZO Pay service is able to provide a BNPL product with greater flexibility and transparency to better support SME owners. The YOZO Pay service leverages the AI engine developed in collaboration with UTS Sydney to provide SME's with a unique feature set to assist them in overcoming the typical cashflow challenges facing small and medium enterprise. Key features of the YOZO Pay BNPL service: Flexible repayment instalments - allows the borrower to choose their repayment frequency to better align with their business cashflow; Pay for what you use - acts like a line of credit, but fees are only accrued when the facility is in use; Same day loan approval - through the proprietary AI engine, YOZO Pay is able to calculate facility limits and provide funding approvals in minutes once customers have registered; Automatic borrower limit changes - through machine learning of repayment histories, the AI engine is able to automatically determine and adjust borrower limits without the need to reapply for limit increases, saving the SME time and money; and No property required for collateral - funding is provided based on business revenues rather than the borrower having to provide real estate collateral. The YOZO Pay BNPL service already benefits from minimal human interaction in the approval process, saving both the Company and the customer significant amounts of time and money. The Company is continuing to collaborate with UTS to further leverage their AI engine to develop new features like `24/7' loan approvals, to be able to provide support for SME's outside of normal business hours and looks forward to updating the market as new features are commercialized. Announcement • Feb 02
Credit Intelligence Limited Announces a Partnership with the University of Technology, Sydney to Enhance the AI Capabilities of its Fintech Platform YOZO Credit Intelligence Limited ("Credit Intelligence" or "the Company" or "CI1") announced a partnership with the University of Technology, Sydney (UTS) to enhance the AI capabilities of its fintech platform YOZO, and technological advancements in CI1's other areas of business expansion such as ethical debt collection, debt restructuring and debt factoring in Asia and Australia. Credit Intelligence and the recently-acquired YOZO business will work with UTS to revolutionise the financial management industry for small and medium enterprises (SMEs) and introduce responsible buy now, pay later (BNPL) services to SME customers. The partnership will see Credit Intelligence and YOZO create a one-stop-shop for all SME finance needs and promote ethical lending, responsible borrowing and ethical debt collection and debt restructuring. Announcement • Dec 30
Credit Intelligence Limited Announces Executive Director Changes Credit Intelligence Limited announced the appointment of Mark Ng as an Executive Director of the Company effective 29 December 2020. Ng replaces Mr. Wilson Lim CW as the nominated director representing the interests of Hup Hoe Credit Pte Limited and ICS Funding Pte Limited. Mark Ng is currently a director of MN CPA Limited. Announcement • Dec 21
Credit Intelligence Limited Announces Resignation of Wilson Lim C W from Board Credit Intelligence Limited advised that Mr. Wilson Lim C W has resigned from the Board with effect from 18 December 2020. Mr. Wilson Lim C W continues as the Managing Director of ICS Funding Pte Limited. Announcement • Dec 18
Credit Intelligence Limited (ASX:CI1) acquired 60% stake in YOZO Finance Pty Ltd for AUD 1.4 million. Credit Intelligence Limited (ASX:CI1) acquired 60% stake in YOZO Finance Pty Ltd for AUD 1.4 million on December 17, 2020. Under the terms of consideration, Credit Intelligence paid AUD 1.4 million in consideration for 60% of YOZO, 50% AUD 0.7 million of which was paid in cash and 50% is paid through issuance of shares of 27.6 million in CI1 shares at AUD 0.025 per share. As part of the agreement, the shares paid to YOZO will be escrowed for six months, however they may be released early if the Company’s share price trades above AUD 0.04 per share for five consecutive days.
Credit Intelligence Limited (ASX:CI1) completed the acquisition of 60% stake in YOZO Finance Pty Ltd on December 17, 2020. Recent Insider Transactions • Oct 30
Director recently bought AU$67k worth of stock On the 26th of October, Russell Goodman bought around 3m shares on-market at roughly AU$0.027 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$273k more in shares than they have sold in the last 12 months. Reported Earnings • Sep 30
Full year earnings released - EPS AU$0.0025 Over the last 12 months the company has reported total profits of AU$2.54m, up 380% from the prior year. Total revenue was AU$13.6m over the last 12 months, up 124% from the prior year. Profit margins were 19%, which is higher than the 8.7% margin from last year. The increase in margin was driven by higher revenue. Announcement • Jul 31
Credit Intelligence Limited (ASX:CI1) completed the acquisition of 60% stake in Hup Hoe Credit Pte. Ltd. from Ronald Tan Biing Gim. Credit Intelligence Limited (ASX:CI1) entered into share purchase agreement to acquire 60% stake in Hup Hoe Credit Pte. Ltd. from Ronald Tan Biing Gim for SGD 2.2 million on May 9, 2019. The consideration will be adjusted twelve months from completion depending on agreed net profit after tax targets. Under the agreement, Credit Intelligence Limited shall pay SGD 1.24 million in cash along with issuance of 80.99 million consideration shares of Credit Intelligence Limited. Credit Intelligence Limited shall pay SGD 0.41 million on completion while remaining cash portion to be paid in eighteen equal monthly installments of SGD 0.045 million totaling SGD 0.82 million. In a related transaction, Credit Intelligence Limited entered into share purchase agreement to acquire 60% stake in ICS Funding Pte. Ltd. from Chow Yi Loong, Yeo Wei Chung; and Wilson Lim on May 9, 2019.
As per the agreement, Credit Intelligence Limited and Ronald Tan Biing Gim where appropriate, entering into employment agreement, Credit Intelligence Limited having the right to nominate a majority of directors to the board of Hup Hoe Credit Pte. Ltd. as Credit Intelligence Limited holds more than 50% of the issued share capital of Hup Hoe Credit Pte. Ltd. and standard pre-emption right of first refusal and tag along rights for the sale of the remaining shares in Hup Hoe Credit Pte. Ltd. Completion of the acquisitions are subject to conditions precedent including satisfactory due diligence, ASIC, ASX and other regulatory approvals, and obtaining shareholder approval at a general meeting for the issue of consideration shares to the seller of Hup Hoe Credit Pte. Ltd. The shareholders meeting is scheduled to take place on June 17, 2019 while completion is expected on June 24, 2019. As of September 5, 2019, Registry of Moneylenders, Ministry of Law, Singapore approved the transaction. The acquisition will broaden Credit Intelligence’s business in the credit funding sector and be earnings accretive. The transaction is expected to be completed within the next two weeks.
Credit Intelligence Limited (ASX:CI1) completed the acquisition of 60% stake in Hup Hoe Credit Pte. Ltd. from Ronald Tan Biing Gim on September 30, 2019. As a result of the transaction, Mr Wilson (Chee Wei) Lim was appointed as Executive Director of Credit Intelligence. Announcement • Jul 30
Credit Intelligence Limited (ASX:CI1) completed the acquisition of 60% stake in Chapter Two Holdings Pty Ltd (CTH). Credit Intelligence Limited (ASX:CI1) signed a share purchase agreement to acquire 60% stake in Chapter Two Holdings Pty Ltd (CTH) for AUD 0.72 million on June 1, 2020. As part of the consideration, Credit Intelligence Limited will pay AUD 0.4 million in cash. Credit Intelligence Limited will also issue shares for AUD 0.32 million, over three years based on CTH achieving a profit guarantee of AUD 0.3 million per annum. The transaction was approved by the board of Credit Intelligence Limited and is still subject to due diligence and any regulatory approval. The acquisition is expected to close on July 1, 2020.
Credit Intelligence Limited (ASX:CI1) completed the acquisition of 60% stake in Chapter Two Holdings Pty Ltd (CTH) on July 1, 2020. 
