Sun Hung Kai and Lympo make strategic investments in Animoca...

​

Sun Hung Kai and Lympo make strategic investments in Animoca Brands
Highlights:
● Animoca Brands receives strategic investments totalling A$1.5 million from Sun Hung Kai and Lympo
● The placement was conducted at A$0.07 per share, which represents a 10% premium to the 30-day volume-weighted average price (VWAP)
● Sun Hung Kai, one of Asia・s leading investment groups, invests A$1 million
● Leading blockchain fitness company and strategic partner Lympo invests A$0.5 million, further consolidating its partnership with the Company
● Lympo will act as lead investor in an upcoming funding round for Animoca Brands’ health and fitness subsidiary OliveX (HK) Limited
● Animoca Brands and Sun Hung Kai to develop opportunities in blockchain and artificial intelligence
● Animoca Brands to leverage Sun Hung Kai・s expertise in corporate development

Animoca Brands Corporation Limited (ASX:AB1, "the Company") is pleased to advise that it has secured A$1.5 million in investments from Sun Hung Kai & Co. Limited ("Sun Hung Kai") and blockchain fitness company "Latgala" OU (JCS LATGALA) ("Lympo"), which is a current strategic partner. The Company intends to utilise its ASX Listing Rule 7.1 capacity in connection with the issue of shares under the placement.

The placement was conducted at A$0.07 per share, which represents a 10% premium on the 30-day volume-weighted average price (VWAP). The Company will utilise the capital raised to research and develop novel products based on blockchain and artificial intelligence.

Animoca Brands believes it is well positioned to capitalise on the growth market and broad range of potential applications offered by blockchain and artificial intelligence. The Company will leverage its broad brand portfolio, extensive technological resources, and various domain-expert partners to maximise its exposure to the opportunities provided by blockchain and artificial intelligence.

Strategic investment from Sun Hung Kai to progress AI and blockchain initiatives and provide assistance in corporate development

Sun Hung Kai has entered into a subscription agreement with the Company to acquire 14,285,714 fully paid ordinary shares of Animoca Brands at a price of A$0.07 per share for a total sum of A$1 million. As part of the deal, Sun Hung Kai has a 1:1, attaching 12-month loyalty option exercisable after 90 days at a price of A$0.09 per share, conditional on