Ann: Quarterly update & Appendix 4C, page-14

A good presentation I thought, hope it creates a bit of interest.

Management’s decision to focus on the “bricks and mortar” approach though i.e. premium matchmaking has left the dating apps underdeveloped. This company (and no online dating company) can be successful these days without a fully functioning and user friendly interface. Needs to at a minimum fix the bugs in the apps to get the number of users up. After all this is the key driver of the matchmaking business. The FY21 forecast in the presentation is a bit disappointing too, that’s only a doubling of the current run rate over 3 years and a EBITDA margin of 25%….hardly shooting the lights out and should have just left it out.