Media Release

5 September 2013

99wuxian IPO CLOSES EARLY, HEAVILY OVER-SUBSCRIBED

99wuxian Ltd (99wuxian) a pioneer in mobile commerce in the Chinese market, today announced its A$20 million initial public offering had closed heavily over-subscribed, two weeks into the four week offer period following strong demand from investors. 99wuxians Chairman, Ross Benson, said: The Chinese economy continues to transform and investors have shown strong interest in participating in the next wave of growth being driven by increased domestic consumer spending, increasing numbers of consumers and the rapid adoption of mobile online purchasing and payments by Chinese consumers. The China resources boom has now slowed and investors are tapping into the next China resources boom m-commerce. Globally m-commerce has experienced extremely strong growth and China is at the vanguard of this growth, he said. At the offer price of A$0.40 per CHESS Depositary Interests (CDI) 99wuxian will have a market capitalisation of A$409,827,800. Ms Amalisia Zhang, President and Chief Executive Officer of 99wuxian, who is widely regarded as one of the pioneers of internet and e-commerce business in China, welcomed new investors in 99wuxian. We sought to list on the ASX as the governance, compliance and reporting requirements bolster our management practices and establish a robust capital structure to underpin our future growth. Without a doubt the ASX sets high standards globally through its listing rules and the scrutiny of ASIC adds to the comfort an Australian listing provides not only to our investors but also to our business partners and customers. The success of this capital raising will allow us to complete our agreement with Handpay and cement our place as first movers in the m-commerce space in China, Ms Zhang said. Final allocation and allotment of CDIs will occur on the 27th September 2013. Holding statements are expected to be dispatched to applicants on 2nd October 2013 with trading expected to commence on 8th October 2013 under the ticker code NNW.

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About 99wuxian 99wuxian Limited is incorporated in Hong Kong and through its mobile online marketplace, 99wuxian.com, operates mobile payments gateways of Chinas major banks, telcos and other financial institutions. Through these partnerships 99wuxian has access to a market of more than 800 million mobile users and 2 billion debit and credit cards. 99wuxian.com was launched by one of Chinas leading third party mobile payment providers, Handpay in May 2011. 99wuxian has an exclusive Services Contract with Handpay which provides 99wuxian with a unique Business to Business to Client (B2B2C) customer acquisition model in the Chinese market. 99wuxian.com features products provided by over 150 accredited quality merchants. At 31 March 2013, 99wuxian.com had approximately 20 million registered users, an average increase of 2 million users per quarter since June 2011. Between the first quarter to March 2012 and the first quarter to March 2013, business revenue grew by more than 400%.

For further information, please contact:

Fowlstone Communications Geoff Fowlstone W+612 99559899 M +61 413746949 Ryan Thompson M +61 402617800

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