AGTech Expands into the Greater Bay Area Fintech Market after the Completion of Macau Pass Acquisition

(Hong Kong, March 24, 2022) - AGTech Holdings Limited announced today that it has completed the acquisition of Macau Pass Holding Ltd. and its subsidiaries, which will become an indirect wholly-owned subsidiary of AGTech after completion of the transaction.

Macau Business: Macau Pass business volume almost doubles in 2021

Macau Pass has indicated that business volume has almost doubled in 2021 from the previous year, which helped the mobile payment group to improve from MOP11.5 million (US$1.4 million) in losses in 2020 to MOP5.4 million in profits by the end of last year.

Macau Business: Taipa LRT to start accepting Macau Pass cards

The Taipa Light Rapid Transit line will start accepting the general Macau Pass cards for payment from May 24, the company responsible for the transport system announced, hoped the change could make the movement of passengers “easier and more flexible”.

AGTech Announces First Quarterly Results Ended March 31, 2022

Revenue of the Group for the Three-Month Period amounted to approximately HK$35.3 million, representing an increase of approximately 70.2% over the corresponding period in 2021. For the Three- Month Period, revenue contributions were mainly derived from lottery hardware sales, provision of lottery distribution and ancillary services, non-lottery hardware sales in the PRC, provision of electronic payment services in Macau and games and entertainment business and marketing technical services..

AGTech and Macau Pass committed to promote Macau Government's Electronic Consumption Benefits Plan

The Macau SAR government has recently announced a new round of electronic consumption benefits plan to be launched in June, aiming to boost the economy in the wake of the ongoing COVID-19 pandemic. On May 4, Macau Pass Holding Ltd. ("Macau Pass") committed their support to promote the latest round of economic aid, with its three customer service centers providing assistance to services like registration, add value to consumption card, authentication of authorized identity, and activation of MPay electronic wallet to youth account.

AGTech Expands into the Greater Bay Area Fintech Market after the Completion of Macau Pass Acquisition

(Hong Kong, March 24, 2022) - AGTech Holdings Limited announced today that it has completed the acquisition of Macau Pass Holding Ltd. and its subsidiaries, which will become an indirect wholly-owned subsidiary of AGTech after completion of the transaction.