MiLOC Group Limited - UPDATE ON DISTRIBUTOR DISPUTE

Announcement provided by

Crushmetric Group Limited · CUSH

08/09/2022 09:57

RNS Number : 7581Y

MiLOC Group Limited

08 September 2022

8 September 2022

MiLOC GROUP LIMITED

("MiLOC" or "the Company")

UPDATE ON DISTRIBUTOR DISPUTE

MiLOC Group Limited (NEX: ML.P), the AQSE Growth Market quoted company, informs that its subsidiary, Star Collaboration (Guangzhou) Limited ("Star C") has received the final result from another Civil Judgement that Star C has to return an amount of approximately GBP166,000 (equivalent to approximately RMB1,500,000) to one of its distributors. The Company is currently negotiating with the distributor regarding the payment terms. A further announcement will be made in due course. This announcement is further to the announcements of 30 April 2021 and 3 December 2021.

The directors of the Company accept responsibility for the contents of this announcement.

For further information, please contact:-

MiLOC ONG Ban Poh Michael - Chief Executive Officer Lilian Lo - Acting Chief Financial Officer	Tel: +852 2110 4221
AQSE Growth Market Corporate Adviser PETERHOUSE CAPITAL LIMITED Guy Miller Mark Anwyl	Tel: +44 (0) 20 7469 0930

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