Since the launch of the first stage of its social e-commerce marketplace in October 2020:

~ Registered active users have grown to more than 20,000 o 85% of active users have mainland China registration details with 63% of users making repeat purchases

~ GMV of $3.5m, increasing from $1.9m reported on 23 Dec 2020 despite seasonally quiet period in the lead up to Chinese New Year

~Company is well funded for growth with $9.0m cash at bank (plus a further $0.895m pending shareholder approval for tranche 2)

Disc: Previously held