Announcement • Feb 13
iCandy Interactive Limited, Annual General Meeting, Mar 19, 2026 iCandy Interactive Limited, Annual General Meeting, Mar 19, 2026. Location: at the offices of hamilton locke, level 10, 161 collins street, melbourne vic 3000, melbourne Australia Announcement • Mar 19
iCandy Interactive Ltd Announces Retirement of Marcus Ungar as A Director iCandy Interactive Ltd. announced the retirement of Mr. Marcus Ungar as a Director of the Company, effective 19 March 2025. Mr. Ungar has advised the Company of his intention to step down as a result personal investment commitments which now require his full attention. Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: AU$0 (vs AU$0.01 loss in FY 2023) Full year 2024 results: EPS: AU$0 (improved from AU$0.01 loss in FY 2023). Revenue: AU$26.1m (flat on FY 2023). Net income: AU$381.6k (up AU$13.6m from FY 2023). Profit margin: 1.5% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. New Risk • Feb 20
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 12% 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 Risk Earnings have declined by 41% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$25.6m market cap, or US$16.3m). New Risk • Aug 07
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 12% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$13m free cash flow). Earnings have declined by 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$26.3m market cap, or US$17.3m). Announcement • May 03
iCandy Interactive Limited, Annual General Meeting, May 30, 2024 iCandy Interactive Limited, Annual General Meeting, May 30, 2024, at 11:00 E. Australia Standard Time. Location: Level 4, 91 William Street, Melbourne Victoria Australia Agenda: To consider Adoption of Remuneration Report; to consider Re-election of Director Mr Kin Wai Lau; and to consider Approval of 10% Placement Capacity. Board Change • Apr 01
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. 2 experienced directors. 2 highly experienced directors. Non-Executive Director Chris Whiteman was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 01
Full year 2023 earnings released: AU$0.005 loss per share (vs AU$0.001 loss in FY 2022) Full year 2023 results: AU$0.005 loss per share (further deteriorated from AU$0.001 loss in FY 2022). Revenue: AU$31.6m (up 8.2% from FY 2022). Net loss: AU$7.20m (loss widened 381% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. New Risk • Nov 11
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 12% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$18m free cash flow). Earnings have declined by 1.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Market cap is less than US$100m (AU$40.7m market cap, or US$25.9m). Reported Earnings • Sep 03
First half 2023 earnings released: AU$0.003 loss per share (vs AU$0.001 profit in 1H 2022) First half 2023 results: AU$0.003 loss per share (down from AU$0.001 profit in 1H 2022). Revenue: AU$12.6m (down 20% from 1H 2022). Net loss: AU$4.36m (down AU$5.26m from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 16% per year. Board Change • May 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Marcus Ungar was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: AU$0 (vs AU$0.007 loss in FY 2021) Full year 2022 results: EPS: AU$0 (improved from AU$0.007 loss in FY 2021). Revenue: AU$32.6m (up AU$30.7m from FY 2021). Net loss: AU$588.5k (loss narrowed 86% from FY 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Feb 16
iCandy Interactive Limited, Annual General Meeting, Mar 20, 2023 iCandy Interactive Limited, Annual General Meeting, Mar 20, 2023, at 15:00 AUS Eastern Standard Time. Location: Level 4, 91 William Street, Melbourrne Victoria Australia Agenda: To consider ratification of issue of gam economy consideration shares; to consider ratification of issue of flying sheep consideration shares; to consider ratification of issue of flying sheep consideration option; to consider ratification of issue of additional storms consideration shares; to consider approval of employee securities incentive plan; and to consider other matters. Buying Opportunity • Feb 09
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be AU$0.059, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 60% over the last 3 years. Earnings per share has grown by 40%. Buying Opportunity • Dec 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be AU$0.068, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 60% over the last 3 years. Earnings per share has grown by 40%. Buying Opportunity • Nov 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be AU$0.076, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 60% over the last 3 years. Earnings per share has grown by 40%. Buying Opportunity • Oct 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be AU$0.096, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 60% over the last 3 years. Earnings per share has grown by 40%. Buying Opportunity • Sep 05
Now 23% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be AU$0.094, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 60% over the last 3 years. Earnings per share has grown by 40%. Reported Earnings • Sep 02
First half 2022 earnings released: EPS: AU$0.001 (vs AU$0.002 loss in 1H 2021) First half 2022 results: EPS: AU$0.001 (up from AU$0.002 loss in 1H 2021). Revenue: AU$16.2m (up AU$15.2m from 1H 2021). Net income: AU$898.5k (up AU$1.91m from 1H 2021). Profit margin: 5.6% (up from net loss in 1H 2021). Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 37% per year. Announcement • Aug 24
iCandy Interactive Limited (ASX:ICI) exercised option agreement to acquire 16.3% stake in Digital Games International Pte. Ltd. from Singapore Telecommunications Limited (SGX:Z74) for AUD 1.5 million. iCandy Interactive Limited (ASX:ICI) exercised option agreement to acquire 16.3% stake in Digital Games International Pte. Ltd. from Singapore Telecommunications Limited (SGX:Z74) for AUD 1.5 million on August 23, 2022.
iCandy Interactive Limited (ASX:ICI) completed the acquisition of 16.3% stake in Digital Games International Pte. Ltd. from Singapore Telecommunications Limited (SGX:Z74) on August 23, 2022. Announcement • Aug 03
iCandy Interactive Limited Appoints Thomas Rossig as Head of Europe iCandy Interactive Limited announced that it has appointed Thomas Rössig as the Head of Europe. Thomas will be responsible for managing and providing strategic direction for the iCandy team in Europe, while continuing to serve as Flying Sheep Studios' Managing Director. Thomas has more than 12 years of experience in the video games industry, and most recently founded Flying Sheep Studios in 2014 with a vision to revolutionise the gaming experience for desktop and mobile devices. Announcement • Jun 16
iCandy Interactive Limited (ASX:ICI) completed the acquisition of Flying Sheep Studios GmbH. iCandy Interactive Limited (ASX:ICI) signed a binding agreement to acquire 22.5% stake in Flying Sheep Studios Gmbh for €0.6 million on June 8, 2022. The consideration €0.4 million will be paid in cash and icandy will issue 4,606,549 new fully paid ordinary shares of worth 0.4 million. The Consideration Shares are to be issued to the Founders in 12 equal tranches over a period of 3 years, with the first tranche being issued within 15 business days after the Closing Date. The three Founders of Flying Sheep Studios have each signed a 3-year management contract to continue to lead Flying Sheep Studios post-acquisition. The Founders of Flying Sheep Studios will collectively be given 500,000 unlisted options (“Options”), to be granted within 15 business days from the Closing Date. Each Option shall grant the right to acquire one iCandy Group share at a strike price of AUD 0.125, and shall expire on 5 April 2027. The transaction is subject to completion of due diligence on Flying Sheep Studios. For the year ending December 31, 2021 Flying Sheep recorded revenues of more than €0.321 million. The transaction is expected to close within second quarter of 2022.
iCandy Interactive Limited (ASX:ICI) completed the acquisition of Flying Sheep Studios GmbH on June 16, 2022. Announcement • Jun 10
iCandy Interactive Limited (ASX:ICI) agreed to acquire 22.5% stake in Flying Sheep Studios Gmbh for €0.6 million iCandy Interactive Limited (ASX:ICI) signed a binding agreement to acquire 22.5% stake in Flying Sheep Studios Gmbh for €0.6 million on June 8, 2022. The consideration €0.4 million will be paid in cash and icandy will issue 4,606,549 new fully paid ordinary shares of worth 0.4 million. The Consideration Shares are to be issued to the Founders in 12 equal tranches over a period of 3 years, with the first tranche being issued within 15 business days after the Closing Date. The three Founders of Flying Sheep Studios have each signed a 3-year management contract to continue to lead Flying Sheep Studios post-acquisition. The Founders of Flying Sheep Studios will collectively be given 500,000 unlisted options (“Options”), to be granted within 15 business days from the Closing Date. Each Option shall grant the right to acquire one iCandy Group share at a strike price of AUD 0.125, and shall expire on 5 April 2027. The transaction is subject to completion of due diligence on Flying Sheep Studios. For the year ending December 31, 2021 Flying Sheep recorded revenues of more than €0.321 million. The transaction is expected to close within second quarter of 2022. Announcement • Jun 09
iCandy Interactive Limited, Annual General Meeting, Jul 11, 2022 iCandy Interactive Limited, Annual General Meeting, Jul 11, 2022, at 15:30 E. Australia Standard Time. Location: Level 4, 91 William Street Melbourne Victoria Australia Agenda: TO consider and if thought fit, approval to exceed 10/12 on-market buy-back limit. Announcement • May 02
iCandy Interactive Limited, Annual General Meeting, May 31, 2022 iCandy Interactive Limited, Annual General Meeting, May 31, 2022, at 15:30 AUS Eastern Standard Time. Agenda: To receive and consider the annual financial report of the company for the financial year ended 31 December 2021 together with the declaration of the Directors, the Directors' report, the Remuneration Report and the auditor's report; to consider adoption of Remuneration Report; to consider re-election of Director Kin Wai Lau; to consider election of Director Marcus Ungar; to consider approval of 10% Placement Capacity; to consider ratification of Issue of Gameconomy Consideration Shares; and to consider ratification of issue of storms consideration shares. Reported Earnings • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: AU$0.006 loss per share (down from AU$0.001 loss in FY 2020). Net loss: AU$3.76m (loss widened AU$3.46m from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Feb 12
iCandy Interactive Limited (ASX:ICI) completed the acquisition of Lemon Sky Animation Sdn Bhd. iCandy Interactive Limited (ASX:ICI) entered into share sale agreement to acquire Lemon Sky Animation Sdn Bhd for AUD 44.5 million on November 19, 2021. The consideration is in cash of AUD 17.8 million and AUD 26.7 million via new fully paid ordinary shares of iCandy. In a related transaction, iCandy announced an oversubscribed placement of AUD 40 million. The transaction will be funded from existing working capital and a fundraising exercise of iCandy. As of January 13, 2022, resolutions relating to change in scale and share issuance with regards acquisition of Lemon Sky Animation Sdn. Bhd. were passed, and The proposed issue of Tranche 2 Placement Shares was passed by the shareholders. For the year ended on December 31, 2020, Lemon Sky Animation reported revenue of AUD 14.8 million, PAT of AUD 3.2 million and Net Assets of AUD 15.21 million. iCandy is retaining the two founders of Lemon Sky and all its existing 350 employees. The transaction is subject to iCandy Interactive Limited shareholder approval. The transaction is expected to close in January 2022.
iCandy Interactive Limited (ASX:ICI) completed the acquisition of Lemon Sky Animation Sdn Bhd on February 11, 2022. Announcement • Jan 19
iCandy Interactive Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million. iCandy Interactive Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 347,826,087
Price\Range: AUD 0.115
Discount Per Security: AUD 0.0069
Transaction Features: Subsequent Direct Listing Announcement • Jan 16
iCandy Interactive Limited (ASX:ICI) agreed to acquire 60% stake in Gameconomy Sdn Bhd from its management and others for MYR 1.5 million. iCandy Interactive Limited (ASX:ICI) agreed to acquire 60% stake in Gameconomy Sdn Bhd from its management and others for MYR 1.5 million on January 14, 2022. As per the transaction, iCandy Interactive Limited shall pay MYR 1.125 million through cash while MYR 0.375 million through issuance of shares. The consideration Shares shall be issued in 12 equal tranches on a quarterly basis over a period of 3 years, with the first tranche being issued within 15 Business Days from the date the acquisition becomes unconditional. The transaction is conditional upon satisfactory due diligence outcome by iCandy on Gameconomy which is expected to be completed by 14 February 2022. Reported Earnings • Sep 06
First half 2021 earnings released: AU$0.002 loss per share (vs AU$0.003 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: AU$925.8k (down 11% from 1H 2020). Net loss: AU$1.01m (loss widened 8.8% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • May 21
iCandy Interactive Limited Announces New Game Claw Stars Pre-Orders Exceeds 500,000 iCandy Interactive Limited announced that its new game Claw Stars has exceeded 500,000 pre-orders on Apple App Store and Google Play. The unique characteristic of the Claw Stars is its heavy focus on player-to-player interactivity. It is the first game by iCandy that is multi-player driven and the game's high retention rate during the early access trial has already exceeded that of Masketeers, a recent hit-game by iCandy. Comparing the Claw Stars pre-orders sign-up rate, the Company see it as better performance than Masketeers. As of most of iCandy's games, Claw Stars is a free-to-play game, where gamers can download the game for free, and the Company generates incomes from in-app purchases and advertising. As such, it is difficult for the Company to forecast a financial effect of Claw Stars at this stage, but nevertheless the Company sees Claw Stars as a major milestone for the Company as a whole. Claw Star is currently being scheduled for a global launch on 30 June 2021. Announcement • May 15
iCandy Interactive Limited Provides Update to its Operations iCandy Interactive Limited provided an update to its operations. Over the past few months, iCandy has focused its resources into developing and optimizing its new game, Claw Stars, which is scheduled to be launched in June 2021. With Claw Stars being in pre-registration since late April, iCandy has switched its focus into developing more contents and providing more upgrades to Masketeers: Idle Has Fallen ("Masketeers"). Additional Language Support for Masketeers: As a start, to appeal to a wider non-English speaking gamer audience, iCandy is preparing to roll out 4 new language support (Mandarin Simplified, Mandarin Traditional, Japanese, and Korean) for Masketeers on 14 May 2021. iCandy's decision to include the 4 chosen language is based on its past experience, whereby these user cohorts have historically yielded a higher average revenue per user ("ARPU") than the global average. Next Major Update: Currently, Masketeers is a single player game. iCandy is currently working to implement a new Guild System in the next upgrade for Masketeers, whereby players will be able to form teams to take on more challenging missions and earn greater in-game rewards. iCandy will also be implementing a chat system under this update to allow gamers to chat among each other in-game, increasing engagement of its gamers community. Recent Insider Transactions • May 11
Executive Chairman of the Board recently bought AU$51k worth of stock On the 7th of May, Kin-Wai Lau bought around 600k shares on-market at roughly AU$0.085 per share. This was the largest purchase by an insider in the last 3 months. This was Kin-Wai's only on-market trade for the last 12 months. Reported Earnings • Apr 06
Full year 2020 earnings released: AU$0.002 loss per share (vs AU$0.007 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: AU$3.63m (up 49% from FY 2019). Net loss: AU$610.5k (loss narrowed 73% from FY 2019). Announcement • Mar 20
iCandy Interactive Limited (ASX:ICI) entered into an agreement to acquire Nextgamer.io for AUD 1.3 million. iCandy Interactive Limited (ASX:ICI) entered into an agreement to acquire Nextgamer.io for AUD 1.3 million on March 19, 2021. iCandy Interactive Limited (ASX:ICI) will pay AUD 0.9 million in cash and 3 million shares of iCandy Interactive Limited (ASX:ICI) at AUD 0.13 per share. Executive Departure • Mar 04
Executive Director has left the company On the 3rd of March, Piew Lum's tenure in the role of Executive Director ended. We don't have any record of a personal shareholding under Piew's name. A total of 2 executives have left over the last 12 months. Executive Departure • Mar 04
Independent Non-Executive Director has left the company On the 3rd of March, Masahiko Honma's tenure as Independent Non-Executive Director ended after 2.7 years in the role. We don't have any record of a personal shareholding under Masahiko's name. A total of 2 executives have left over the last 12 months. Announcement • Mar 04
iCandy Interactive Appoints Chris Whiteman as a Non-Executive Director The Board of Directors of iCandy Interactive announce that it has appointed Chris Whiteman as a non-executive director of iCandy, representing Animoca Brands Limited, which is a substantial shareholder of iCandy. Mr. Whiteman is an executive with over twenty years' of experience in commercial management, finance and strategic advisory roles across various industries including gaming and app development, energy and resources, and investment management. Mr. Whiteman brings several strategic abilities to the board, including commercial negotiation, business development, investor and public relations, and equity capital market transaction origination, execution and project management. He has considerable experience in the Australian securities market, with a focus on Adelaide and Melbourne, as well as international exposure via positions in multinational companies in London and numerous assignments in Southeast Asia. Mr. Whiteman is currently a Non-Executive Director of Animoca Brands Corporation Limited ("AB1"), and he was a director too when AB1 was removed from the Official List of the ASX in March 2020. Announcement • Mar 03
iCandy Interactive Limited Announces Board Changes iCandy Interactive Limited advised that Mr. Masahiko Honma and Mr. Lum Piew have resigned from the Board of Directors of the Company effective 3 March 2021. The Company thanks Mr. Masahiko Honma and Mr. Lum Piew for their contributions and wishes them every success in their future endeavors. Reported Earnings • Feb 27
Full year 2020 earnings released: AU$0.002 loss per share (vs AU$0.007 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: AU$3.72m (up 52% from FY 2019). Net loss: AU$610.5k (loss narrowed 73% from FY 2019). Announcement • Feb 16
RightBridge Ventures AB agreed to acquire iCandy Digital Pte. Ltd from iCandy Interactive Limited for SEK 31.1 million. RightBridge Ventures AB agreed to acquire iCandy Digital Pte. Ltd from iCandy Interactive Limited for SEK 31.1 million on February 15, 2021. Under terms, iCandy Interactive will issue 17.2 million new shares of RightBridge at an issue price of SEK 1.8 and iCandy has a option to acquire further 2.17 million shares from Abelco for approximately SEK 0.022 million. Post acquisition, iCandy Interactive Limited will hold 25% in RightBridge at its upcoming IPO. As of December 31, 2020 iCandy Digital had net assets of. The transaction is subject to iCandy Interactive shareholders approval. Announcement • Jan 22
Icandy Interactive Limited Enters into Global Game Publishing Agreement with Ohayoo iCandy Interactive Limited announced that it has entered into a Global Game Publishing Agreement ("Agreement") with Ohayoo to exclusively license and publish iCandy's game Rocky Rampage globally. Under the Agreement, iCandy will grant Ohayoo the exclusive right to localize, publish and market iCandy's award-winning game Rocky Rampage, globally. The agreement is for a duration of 3 years. Ohayoo will localize and market the game for both Android and iOS, as well as third party app stores globally. In return, iCandy will receive a share of the revenue generated by Rocky Rampage globally. iCandy will maintain all intellectual property rights in relation to Rocky Rampage. This is the second partnership deal between iCandy and Ohayoo after recent partnership that saw Ohayoo launching and publishing iCandy's new game Masketeers for the Chinese gaming market. Announcement • Jan 11
Icandy Interactive Limited Announces New Game Claw Stars Completes Development Earlier Than Expected and Begins Early Access Trial iCandy Interactive Limited announce that one Claw Stars ("Claw Stars")(formerly known as Hamstraunauts) has completed its development in the studio earlier than expected and started its early access trial in collaboration with Google Play. Claw Star has been developed over 12 months in iCandy's studios and is currently available on Google's Android platform. Once the early access trial is completed, Claw Stars will be released commercially onto both Apple iOS and Google Android platforms. The development of Claw Stars took extensive input from the studio team of iCandy's hit title Masketeers, with regards to playability, retention and monetization design aspects of the game. iCandy's studio team has learned valuable skills and domain knowledge from the success of Masketeers, and is applying those skills and knowledge fully onto the development of Claw Stars. Claw Stars is now in early access trial on Google Play. The early access trial is anticipated to run for a period of 2 to 3 months to generate feedback of gamers' reaction and behavior in the game, providing valuable insight and game data to iCandy's studio team that will further make adjustment to game-play and mechanics of the game to ensure better interactivity and experience of the game prior to full commercial release in over 60 countries. The preliminary response received from the early access trial has been very encouraging. iCandy will keep the market posted on further development on this. Announcement • Jan 05
Icandy Interactive Limited Announces Completion of JV Agreement with Lemon Sky Studios and Incorporation of Sky Candy iCandy Interactive Limited provided update that it has successfully concluded and signed off a definitive joint venture agreement with Lemon Sky Studios, and that a joint venture company, Sky Candy Sdn Bhd has been incorporated in Malaysia. Sky Candy has hired its first employee and is currently in the midst of hiring a dedicated studio team to carry out its game development activities. Sky Candy expects to establish a full functioning team and studio by end February 2021 to carry out its mandate to develop mobile games with cross-platform potential. The management of iCandy is excited about the prospect of Sky Candy and will be supportive of all initiatives of Sky Candy and its long-term partnership with Lemon Sky Studios. Announcement • Dec 21
iCandy Partners with Ohayoo to Launch Masketeers in China iCandy Interactive Ltd. announced that it has entered into a Game Publishing Agreement ("Agreement") with Ohayoo to localize, publish and market in China iCandy's smash hit mobile game, Masketeers: Idle has Fallen ("Masketeers"). Under the Agreement, iCandy will grant Ohayoo the right to localize, publish and market in Mainland China iCandy's smash hit mobile game, The Agreement is for a duration of 3 years. Ohayoo will localize and market the game for both Android and iOS, as well as third party app stores in China. In return, iCandy will receive a share of the revenue generated by Masketeers in the Chinese market on commercial terms that are in line with industry practice. iCandy will maintain all intellectual property rights in relation to Masketeers. Salient terms of the partnership are enclosed in the appendix of this announcement. Announcement • Dec 16
iCandy' Hit Game Masketeers Successfully Launches on Samsung Galaxy Apps Store USA iCandy Interactive Ltd. announced Masketeers: Idle Has Fallen ("Masketeers") successfully launched on the Samsung Galaxy Apps Store in the USA on 14th December 2020, ahead of the important Christmas and year end festive holiday season. The gaming industry traditionally sees a major increase in gaming activities during the year end season. The successful launch of Maskteers on the Samsung Galaxy Apps Store in the USA marks an important addition of a major distribution channel for Masketeers, on top of existing distribution channels via the Apple Appstore and Google Play. The Samsung Galaxy Apps Store has a strong presence in North America with more than 400 million monthly active users globally. The North American market is a key market identified by iCandy as it is a good fit for Masketeers based on the retention and monetization data collected from earlier trials
conducted. The game has been well received by gamers of North America. Announcement • Nov 20
iCandy Interactive Limited Announces that Masketeers Will Launch on the Samsung Galaxy Apps Store in the USA iCandy Interactive Limited announced that Masketeers will launch on the Samsung Galaxy Apps Store in the USA. iCandy will customize a version of Masketeers that will support various functions of Samsung Galaxy Apps Store and will launch the game on the store. This will be an addition of a major distribution channel for Masketeers, on top of existing distribution channels via Apple Appstore and Google Play. Samsung Galaxy Apps Store has more than 400 million monthly active users. The North America is a key market identified by the management of iCandy as it is a good fit for Masketeers based on the retention and monetization data collected from earlier trials conducted. The game has been well received by gamers of North America. Samsung Galaxy Apps Store has a strong presence in North America. Announcement • Nov 18
iCandy Interactive Ltd Hellopet House Launches into 65 Counties iCandy Interactive Ltd. announced that its new game Hellopet House has been successfully launched on 17 November 2020. In previous announcement Hellopet House was planned for launch in 45 countries initially, but following positive response from pre-launch campaign the management of iCandy has decided to expand the coverage of the launch. Hellopet House has been launched into 65 countries instead, on Apple IOS Appstore and Google Play. Hellopet House is developed by South Korean game studio Nanali Inc. in collaboration with
iCandy. iCandy has 3 years exclusive rights to publish the game worldwide. Is New 90 Day High Low • Nov 12
New 90-day high: AU$0.21 The company is up 950% from its price of AU$0.02 on 14 August 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 35% over the same period. Announcement • Oct 29
iCandy Interactive Limited Collaborates with Nanali Inc on Mobile Game Hellopet House iCandy Interactive Limited's collaboration agreement with South Korean game studio Nanali Inc. to collaborate on mobile game Hellopet House ("Hellopet House"), iCandy Interactive Ltd. ("ICI" or "Company") announced that Hellopet House has recently completed its early access trial ("Trial") and is now readied for launch. As previously announced, Hellopet House is an interactive pet collection game based on the a popular virtual pet simulator game in South Korea, Hellopet. Hellopet is known brand among the gaming community of South Korea, one of the most advanced gaming markets in the world with more than half of its population playing games on smartphones 1. ICI signed an exclusive 3-year publishing agreement with Nanali Inc. to publish and market Hellopet House globally in multiple languages. Hellopet House uses a "world-building" game engine technology. "World-building" is a popular game concept where gamers are given the ability to personalize their virtual worlds in the game. The development of Hellopet House has been completed and the game is ready for launch. Hellopet House is now made available for pre-orders on Apple iOS Appstore and Google Play and has to date recorded more than 435,000 pre-orders. The game is to launch on 17 November 2020 in more than 45 countries. Announcement • Oct 08
iCandy Interactive Limited Launches Masketeers iCandy Interactive Ltd. announce that Idle Has Fallen (Masketeers) has been successfully launched in more than 70 countries on October 7, 2020. The game is now available for download via mobile devices through either Apple Appstore or Google Play. Masketeers has garnered international attention from the gamer community and has pre- orders that exceeds 1,060,230 prior to its launch. In recent trial of 80,000 gamers with Google Play, Masketeers has shown very strong monetization performance and recorded In-game Purchase Average Revenue Per Paying User of USD 25.99 amongst other key monetization matrixes. Announcement • Sep 22
iCandy Announces Successful Completion of Trial New Game iCandy announced that one of iCandy's new game, Masketeers: Idle Has Fallen ("Masketeers") has recently completed its early access trial (the "Trial") in collaboration with Google Play. The Trial was highly successful with a total to 80,000 gamers. iCandy tracked gamers' behaviors during the Trial and the results were very encouraging. "Day-1" retention, a closely watched user retention matrix in the video-games industry, hit as high as 40% for the Masketeers. Comparing this to Crab War, iCandy's most successful game in its portfolio, Masketeers has recorded almost 10% higher Day-1 retention rates. As with the majority of the mobile games in the market now, Masketeers is a free-to-play mobile game, where it generates revenue from in-game purchase of virtual items and in-game advertisements. During the Trial, Masketeers recorded monetization rate that was significantly above any of the iCandy's developed games. Announcement • Sep 21
iCandy Interactive Limited announced that it expects to receive AUD 1.2 million in funding from Acorn Managed Investments Pty Ltd iCandy Interactive Limited (ASX:ICI) announced a private placement to issue 26,666,666 shares at a price of AUD 0.045 per share for gross proceeds of AUD 1,199,999.97 and 26,666,666 options on September 21, 2020. The transaction will include participation from Acorn Managed Investments Pty Ltd, led by Joseph Sedmak. Subject to shareholders approval in an EGM, each share issued will have one free attaching option. The option carries an exercise price of AUD 0.05 with expiry date of December 31, 2022. The transaction is expected to close by September 22, 2020. The transaction has been authorized by the board of directors of the company.