Results of the Global Offering of YesAsia Holdings Limited announced

The Hong Kong Public Offering was approximately 145.3 times subscribed and Offer price set at HK$3.28 per share

HONG
KONG SAR – Media
OutReach – 8
July
2021 – YesAsia Holdings Limited (“YesAsia” or the “Company“; together
with subsidiaries, the “Group“; SEHK
stock code: 2209), a Hong Kong-headquartered
E-commerce platform operator engaging in the procurement and sale of Asian
fashion and lifestyle, beauty and entertainment products to customers around
the world, announced that the Hong Kong Public Offering, as part of its Global
Offering, was approximately 145.3 times subscribed while the International
Offering was moderately oversubscribed. The Offer Price was set at HK$3.28 per Share.

YesAsia offered 39,540,000 new shares (“Offer Shares“) at an indicative price
range of HK$3.00 to HK$3.33 per Share. About 35,586,000 Shares or 90% of the
Offer Shares were available for placing with institutional and professional
investors (“International Offering“) while about 3,954,000 Shares or 10%
of the Offer Shares were available for subscription by the public in Hong Kong
(“Hong Kong Public Offering“, together, “Global Offering“).

Since the Hong Kong Public Offering was more than 100 times
subscribed, the total number of the Offer Shares available under the Hong Kong Public Offering will be 19,770,000 Offer
Shares, representing 50% of the Offer Shares initially available
under the Global Offering, while the number of Offer
Shares available under the International Offering Placing will be adjusted to 19,770,000
Offer Shares.

Mr. Lau Kwok Chu,
Founder and CEO of YesAsia, said: “We
are pleased with the positive responses from both the institutional and retail
investors during the Global Offering, reflecting investors’ confidence in our
business model, track record and prospects. With this enlarged capital and
shareholder base, we shall continue to build our strengths with our established E-commerce
platform with a global reach, our loyal and engaged customer base driving a
virtuous cycle in our business ecosystem; and deliver satisfactory return for shareholders.”

Dealings in the Company’s shares on the Main Board of The
Stock Exchange of Hong Kong Limited are expected to commence under the stock
code 2209 at 9:00 am on Friday, 9 July 2021. The board lot is
1,000 shares.

UOB Kay Hian (Hong Kong) Limited is the Sole Sponsor and the Sole Global Coordinator of the Global Offering.

#YesAsia #IPO