pretty much 100pc Q on Q Increase. Just a waiting game here.29...

pretty much 100pc Q on Q Increase. Just a waiting game here.

29 April 2021
Q4 Cashflow
FTC recorded RMB 8.7m cash inflows excluding approximately RMB 7.1m in trade
receivables as at 31 March 2021, the latter of which FTC received RMB 5.2m so far in April
2021 with the remainder are to be collected before June 2021. During Q4, FTC received
government grants of RMB 2.1m. FTC incurred RMB11.3m in cash outflows including
abnormal R&D costs for additional specifications incorporated in T-Linx enhancement for
platform partners of approximately RMB 3m. As a result, net cash outflows for the quarter of
RMB 2.6m would have been positive RMB 400,000 save for R&D expenditure. As at 31
March 2021 FTC held positive cash balances of approximately RMB 6.3m compared with
corresponding March 2020 quarter of approximately RMB 3.8m.

30 July 2021
Q1 Cashflow
FTC recorded RMB 13.8m cash inflows during the quarter excluding approximately RMB
14.0m in trade receivables as at 30 June 2021, the latter of which FTC has received RMB 3.8m
thus far in July 2021. We have forecast collection of trade receivables which will fall over a 6 -
9 months collection period as the reconstruction of payment processes is undertaken by some
bank customers.
As at 30 June 2021, FTC maintained positive cash balances of approximately RMB 6.4m
compared with previous quarter of approximately RMB 6.3m.