30 December 2020

AIQ Limited

("AIQ" or the "Company" or, together with Alchemist Codes, the "Group")

Directorate Change

AIQ (LSE: AIQ), a company focused on acquiring and developing businesses in the e-commerce sector, announces the appointment of Li Chun Chung as an Executive Director of the Company with immediate effect. In addition, Soon Beng Gee and Lee Chong Liang have resigned with immediate effect from their respective positions of Non-Executive Director and Executive Director to pursue their other business interests.

Mr Li has over 20 years' experience in assisting companies with their strategic growth. As a HKSFC licensed investment consultant and Certified Financial Planner, he began his career working for several financial planning and wealth management consultancies based in Hong Kong. Since 2016, Mr Li has provided business advisory and mentorship services to companies across a range of industries related to e-commerce and digital business primarily in Australia and China. This includes helping companies prepare for the public market; overseeing development such as through business model constructing and optimisation, company reorganisation and recruitment; fundraising; and assisting with establishing a digital business presence. Most recently, Mr Li has worked with Charles Yong Kai Yee, Executive Director of the Company and CEO of Alchemist Codes, to develop the Group's strategy for 2021, with a focus on adapting to new business conditions, product development and expanding to new markets.

Mr Li is concurrently a director of:

-      Ever Billions International Limited (e-commerce)

-      Zhong Taian Limited (e-commerce)

-      Ticktech Company Limited (fund management)

Graham Duncan, Non-Executive Chairman of AIQ, commented:

"I am delighted to welcome Mr Li to the Board. He brings ample experience in supporting businesses with their strategic growth, particularly in the e-commerce and digital industries. He has been working closely with Mr Yong to advance the development of Alchemist Codes and we'll now be able to fully leverage his expertise as an Executive Director. On behalf of the Board, I would also like to thank Mr Soon and Mr Lee for their invaluable contribution to AIQ over the years. We wish them all the best as they move on to focus on their other business ventures while, under the able leadership of Mr Li and Mr Yong, we take AIQ to the next stage in its growth."

There is no further information to be disclosed under Listing Rule 9.6.13R.