Additional Convertible Loan Facility

4 December 2024

FINTECH ASIA LIMITED

("Fintech Asia" or the "Company")

Additional Convertible Loan Facility

Fintech Asia, (LON:FINA) a company established to acquire one or more companies or businesses in the financial technology sector, focused on improving the delivery and use of financial services in Asia, announces that the Company has obtained a further unsecured committed facility of up to £2 million via a convertible loan note instrument dated 4 December 2024 between the Company and IVC Estonia OÜ (the "Noteholder") (the "Series D Convertible Loan").

The Series D Convertible Loan is intended to bridge the Company's general working capital requirements, to the extent required, in respect of its proposed acquisition of the entire issued share capital of InvesCore Financial Group Pte. Ltd. ("InvesCore") (the "Proposed Acquisition") and the simultaneous re-admission of its enlarged share capital to the equity shares (transition) category of the Official List maintained by the Financial Conduct Authority ("FCA") and readmitted to trading on the Main Market of the London Stock Exchange ("Re-Admission") (the "Transaction"), as announced on 14 March 2023. The Noteholder is 100 per cent. owned by an existing shareholder of InvesCore.

As previously announced, should the Proposed Acquisition proceed on the currently envisaged terms, it would be classified as a reverse takeover in accordance with the FCA's Listing Rules. Accordingly, the Company's listing on the equity shares (transition) category of the Official List remains suspended from trading on the Main Market of the London Stock Exchange pending the publication of a prospectus and the successful Re-Admission of the enlarged group.

The Company will make further announcements in due course, as appropriate.

Overview of the Series D Convertible Loan:

The Series D Convertible Loan is subject to all necessary approvals required under the Takeover Code and the Company's articles of association. The Series D Convertible Loan is also subject to customary events of default under which any principal monies outstanding under the instrument and all accrued and unpaid interest shall become immediately repayable.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU No. 596/2014) which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

LEI: 213800C7BC4EZQAEBT76