Credit Intelligence : CI1 Green BNPL in Hong Kong

For personal use only

CI1 Green BNPL in Hong Kong

Credit Intelligence Limited (ASX:CI1) ("Credit Intelligence" or "the Company" or "CI1") is pleased to update the market in relation to the development of the companies personal Buy Now Pay Later services ("Consumer BNPL") in Hong Kong. CI1 will expand its Consumer BNPL services to a brand new "GREEN" spectrum.

On 29 November 2021, a subsidiary of CI1, HK BNPL Investments Limited ("HKBNPL") entered into a non-binding memorandum of understanding ("MOU") with Baguio Irecycle Limited ("Baguio Irecycle "), CallVU (HK) Limited ("CallVU") and Hexon Green Capital Limited ("HGC") where each of the Parties intend to leverage on the combined expertise and resources of the other Parties.

• Baguio Irecycle is a subsidiary of Baguio Green Group Limited ("Baguio"), a company listed on the Main Board of the Hong Kong Stock Exchange (Stock Code: 1397). Baguio is one of Hong Kong's major integrated environmental service providers and is involved in various green projects in Hong Kong;
• CallVU is specialised in Customer Relationship Management ("CRM");
• HGC is a unique platform for impact investors and green project owners to connect and collaborate in order to turn green finance into a key economic growth driver in Hong Kong and Asia;
• CI1 will provide its unique Consumer BNPL platform to this project.

According to the MOU, HGC will source funding from potential investor(s) and provide project financing. Baguio Irecycle will operate and implement the monthly "Green Plan." CallVU will acquire sale leads and will bring in new customers. HKBNPL will provide Consumer BNPL payment solutions and platforms.

Apart from the service fee entitlement, CI1 considers that the "Green Plan" will have a strong synergistic effect on its existing Consumer BNPL (ekbuy) and Corporate BNPL (Oneflexi) platforms and may bring in a new revenue stream to the Company. The non-binding MOU at this early stage may not lead to any additional revenue, however it is material because through C1's own BNPL platform, up to 20,000 customers data can be utilised to fit into the business model. In addition, Baguio is listed on the main board of the Hong Kong Stock Exchange and this entity has made an announcement about the MOU.

The press release in English and Chinese version issued by Baguio is attached.

The non-binding MOU will operate from the date of signing and therefore the time scale of its operations is from the date of signing up to the date of any formal agreements being signed. The non-binding MOU confirms that the Parties intend to enter into formal agreements within 6

Credit Intelligence Limited (ASX:CI1) | ACN 126 296 295

Ground Floor, 16 Ord Street, West Perth, WA 6005

For personal use only

months after signing. Should the Parties not enter into formal agreements within 6 months after signing, the arrangement will not proceed.

This announcement was authorised by the Board.

Ends.

For more information, please contact:

Credit Intelligence Limited

Mr Jimmie Wong | Executive Chairman jimmiewong@ci1.com.au

Ms Elizabeth Lee | Company Secretary info@ci1.com.au

About Credit Intelligence Limited (ASX:CI1)

Credit Intelligence Limited (ASX:CI1) is a conglomerate fintech financial servicing group in Australia, Hong Kong and Singapore.

Australia

"Yozo Finance Pty Limited" - a SME focus buy now pay later (BNPL) fintech platform, with its proprietary capabilities, namely in regard to artificial intelligence developed in collaboration with University of Technologies Sydney (UTS).

"Chapter Two Holdings Pty Ltd" - a Sydney based debt solutions business providing fintech debt negotiation and mortgage broking services to individuals who are experiencing financial hardship.

Hong Kong

"Hong Kong Debts Management Limited" - a leading diversified fintech debt-restructuring and personal insolvency management services group, acts for all the major banks and financial institutions in Hong Kong to solve their defaulting personal clients.

"HK BNPL" - an online shopping platform offers consumer BNPL (ekbuy) services.

"OneStep Information Technology Limited" - an AI & financial technology platform offers corporate BNPL (Oneflexi) services.

Singapore

"ICS Funding Pte Limited (ICS)" - a SME loan and service provider, focus on secured and unsecured SME lending.

"Hup Hoe Credit Pte Limited (HHC)" - a branched consumer finance institution in Singapore, focus on personal loan.

For the latest research and news on Credit Intelligence, please visit: www.ci1.com.au

For personal use only

【For Immediately Release】

Partnership of Recycling, Green Finance, Fin-Tech, and eCRM

Unite to Build Circular Economy and Sustainable Environment

(29th November 2021 - Hong Kong) Baguio Green Group Limited ("Baguio" or the "Company", Stock Code: 1397.HK) is pleased to announce that Baguio iRecycle Limited ("Baguio iRecycle"), a wholly- owned subsidiary of the Company, has recently signed a non-binding memorandum of understanding ("MOU") with HK BNPL Investments Limited ("HKBNPL"), CallVU (HK) Limited ("CallVU") and Hexon Green Capital Limited ("HGC") to launch a new Green Plan aimed at building a circular economy and more sustainable environment in Hong Kong by boosting both recycling rates and the quality of recyclable material.

Each party to this project will focus on a distinct aspect of the overall collaboration:

• Baguio iRecycle will operate and implement a monthly Green Plan with Door-to-Door recyclable collection service to recycle collected recyclables at Baguio's local recycling facilities;
• HKBNPL will provide its unique fin-tech BNPL platform, including but not limited to technical support, platform administration and maintenance service;
• CallVU, which specialises in customer relationship management (CRM), will offer its leading digital services to attract new customers to participate in the monthly Green Plan through its extensive database in a variety of industries;
• HGC will source funding from potential investors and provide project financing for the collaborations.

The partnership aims to promote sustainable environmental development and create a harmonious living environment. The objective of the Green Plan with a Door-to-Door collection service is to promote and raise of awareness of recycling. Proper and clean recycling at the source is more practical at indoor premises with the quality of collected recyclables being higher. The users can join the monthly Green Plan through the BNPL payment service to recycle glass containers and/or plastic bottles (PET, HDPE) as well as plastic containers (PP). They can convert collected recyclables into iDollar in the iRecycle mobile APP to redeem e-coupons. The users will be also entitled to receive regular green promotions or gifts provided by merchant partner(s).

~ END ~

For personal use only

Mr. Jimmy Pang, Representative Director of CallVU, Dr. Raymond Wong, General Manager of Baguio iRecycle, Mr. Jimmie Wong, Director of HKBNPL and Mr. Roy Fung, CEO of HGC signed a MOU to launch the new Green Plan. (From left to right)

For personal use only

Introduction of Baguio Green Group Limited

Baguio Green Group (Stock Code：1397.HK) has been committed to creating a green and clean environment since 1980. To date, Baguio has become a professional comprehensive environmental service provider, including professional cleaning, recycling, waste management and collection, horticulture and landscaping, and integrated pest management. Baguio implements the principles of sustainable development and environmental protection, as well as socially responsible enterprises, and actively assists in building a greener, healthier and better environment.

Introduction of Baguio iRecycle Limited

Baguio iRecycle Limited ("Baguio iRecycle") is a subsidiary of Baguio Green Group Limited ("Baguio"). Baguio is a listed company in Hong Kong Stock Exchange Main Board (Stock Code: 1397). Baguio iRecycle is committed to providing the innovative and convenient recycling solutions and experiences to the public. The mobile APP iRecycle is the platform developed to connect the green stakeholders and encourage proper and clean recycling to build a circular economy and sustainable environment.

Introduction of HK BNPL Investments Limited

HK BNPL Investments Limited ("HKBNPL") is one of the subsidiaries of Credit Intelligence Limited ("CI1"). CI1 is a listed company in Australian Securities Exchange Main Board (ASX Stock Code: CI1). HKBNPL is a Fin-tech company which is operating an unique Buy Now Pay Later (BNPL) platform in Hong Kong. In addition CI1 also maintains another unique platform in SME BNPL in Hong Kong. The co-operation among Baguio iRecycle, CallVU, HGC and CI1 will expand Buy Now Pay Later services to a brand new "GREEN" spectrum.

Introduction of CallVU (HK) Limited

CallVU (HK) Limited is a leading global digital service provider with professional large-scale operation centres and teams. Combining technologies such as 5G, cloud computing, big data, artificial intelligence and the Internet of Things, CallVU (HK) Limited has established a comprehensive digital service system, and is committed to designing, building, and providing next-generation digital solutions for its global business partners.

Introduction of Hexon Green Capital Limited

Hexon Green Capital Limited ("HGC") is a mission-driven and innovative green finance advisory and consulting company. HGC provides a comprehensive suite of professional services and an all-inclusive collaboration platform for impact investors and green project owners, with a view to drive key economic growth in Asia through green finance and green investing.

For inquiries, please contact LBS Communications Consulting Limited

.