Wonderful Sky Develops Mobile O2O Financial Service Platform, Advancing Global Development Strategy

HONG KONG, Apr 23, 2015 - (ACN Newswire) - Wonderful Sky Financial Group Holdings Limited(1260.HK) announces that the Top-up Placing Shares will be placed to not fewer than six Placees at the Top-up Placing Price of HK2.15 per Top-up Placing Share; and 200,000,000 Top-up Placing Shares will be placed. The aggregate gross and net proceeds from the Top-up Placing will be approximately HK$430 million and approximately HK$423 million, respectively. The Placees include GAM (Hong Kong), PAG Ltd, Prudence Investment Management (HK), China Life Franklin Asset Management and other premium investment houses. The Company intends to utilise the net proceeds from the Top-up Subscription as to approximately 80% for the establishment of a mobile internet professional service platform, the "Wonderful Cloud", which provides the online-to-off-line ("O2O") financial services, and as to the remaining approximately 20% as general working capital of the Group.

The new initiative aims at building a Big Data-based mobile and web platform for strategic communication between corporate and investment institutions and professionals taking into consideration future connectivity and fungibility potentials, in order to meet multi-layered needs of the cross-market financial community for more effective and efficient corporate disclosure and investment targeting in a safe and protected cloud environment.

Wonderful Sky is the only publicly-listed financial public relations and investor relations firm in the world, with a leading market position across financial PR, investor relations, international road show, financial printing and brand creativity on capital market, with strong and large client base. In 2014, WSFG successfully completed 41 listing projects and is ranked No.1 in the financial PR industry. Building on a rich data base the Group compiles over years of serving the broad ranks of listcos, investment houses and banks in the region, the new mobile/web-based platform aims to create more direct and effective channels of communication among Greater China investment professionals as well as increasing client loyalty as the Group actively pursues regional and global expansion.

Some time earlier, Wonderful Sky entered into a strategic agreement with Ipreo Holdings LLC, the provider of software for transaction execution and market information. Ipreo, owned by Blackstone and Goldman Sachs, is a leading provider of market information, data and technical solution in the world, providing many products and much service to global financial institutions and companies. It is believed that the cooperation with Ipreo is generating synergic effect on the development of the "Wonderful Cloud".

The Company is gradually expanding its business towards and into China and overseas countries. Compared to its peers which provide only PR service, Wonderful Sky is integrated with financial PR, investor relations, international road show, financial printing and brand creativity and can provide all-round customer services, with superb competitiveness. Currently, the Company's management level is actively searching for M&A opportunities in upstream and downstream sectors, both domestically and overseas. It is expected that the Company will continue to gain new customers both at home and abroad, and even on the global capital market.

At present, the Company's P/E ratio is less than 15x while its domestic and international peers' P/E ratios lie between 22x to 50x. The Company's value is really underestimated. Moreover, the CAGR of the Company from 2009 to 2014 is 33%. Since the Company has been developing steadily and has no interest-bearing debts, its dividend payout ratio for the previous year is 60% and pure dividend yields is 5%, with very high margin of safety.

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