Directorate Change and Notice of AGM

15 August 2024

RC365 Holding plc

("RC365" or the "Company")

Directorate Change and Notice of AGM

RC365 Holding plc (LSE: RCGH), an established payment solutions and fintech company, announces a directorate change and gives notice of its annual general meeting to be held on 10 September 2024 ("AGM" or the "Meeting").  

Directorate Change

The Company is pleased to announce the appointment of Iain Muir as an Independent Non-Executive Director of RC365 with immediate effect.

Mr. Muir, aged 40, an FCA Qualified Chartered Accountant, has over a decade's leadership experience in business and finance. He is currently Managing Director of MBB Advisory Limited, a provider of professional services to small & medium sized businesses, which he founded in 2022. He also currently holds three directorships in private companies operating in the media, marketing and financial services sectors. Prior to MBB Advisory, Mr. Muir spent six years as Head of Finance and then Director of Operations at Ambassadeurs Group Limited, a leisure and hospitality business, where his varied roles included strategy development, management oversight for multiple business units, improving risk mitigation and project managing an M&A process. After joining PriceWaterhouseCoopers as a trainee graduate in 2008, he spent a total of eight years in Assurance, progressing to Senior Manager after having an 18-month period in commercial finance roles within industry.

There are no other matters to be disclosed in accordance with LR 9.6.13 with regards to Mr. Muir's appointment.

The Company also gives notice that Robert Cairns, Non-Executive Chairman, will not be seeking re-election at the forthcoming AGM. At the conclusion of the Meeting, Mr. Cairns will be stepping down from the Board and, on re-appointment, Mr. Muir will assume the role of Non-Executive Chairman as well as Chair of the Audit Committee.

Notice of AGM

The AGM of the Company will be held on Tuesday 10 September 2024 at 10.00am UK time (5.00pm Hong Kong time) at Room I, 17/F, MG Tower, 133 Hoi Bun Road, Kwun Tong, Hong Kong.  

Further information on the resolutions to be proposed at the Meeting can be found in the Notice of AGM circular that has been made available on the Company's website at: www.rc365plc.com.

Chi Kit (Michael) LAW, Chief Executive Officer of RC365, said: "We are delighted to welcome Iain to the Board of RC365. His wealth of advisory and operational leadership experience in business and finance will be invaluable in supporting RC365 as we execute on our growth strategy to expand our product offering and enter new markets across Asia and Europe. We would also like to express our thanks to Robert for his great advice and contribution to the business since joining the Board ahead of our IPO. We wish him all the best for the future."

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About RC365 Holding plc

RC365 Holding plc (LSE: RCGH) is an established payment solutions and fintech company. It operates primarily in East and Southeast Asia through its core subsidiaries of Regal Crown Technology and RCPAY, and the recently-established RC365 Solutions. 

For over 10 years, the Company has delivered efficient and secure payment gateway solutions and IT support and development services for payment and financial systems, including ERP solutions. In 2021, it commenced providing digital remittance and payment services, which expanded to include foreign exchange and premium card solutions. These services are provided to multinational merchants, SMEs and individuals. RC365 intends to expand into the virtual banking market and geographically, including in the UK and wider Europe.

For more information, visit: https://www.rc365plc.com