SMIT Holdings Limited listed on the main board of HKEx

(30 March, 2016 – Hong Kong) The leading security devices provider for CAMs worldwide and for mPOS in China——SMIT Holdings Limited (“SMIT Holdings” or the “Company”, stock code: 2239) today commenced dealings on the Main Board of the Stock Exchange of Hong Kong Limited.

Mr. Huang Xueliang ,Chairman of SMIT Holdings Limited at the listing ceremony at HKEx

SMIT Holdings began its international roadshow on March 16. As the allotment results showed yesterday, the stock was priced at HK$3.78, which was close to the upper limit of its offer price range (HK$3.1-3.88 per share). The estimated net proceeds amounted to HK$251.6 million. Applications for shares under the Hong Kong public offering amounted to approximately 18.51 times of the number of shares initially available for subscription under the Hong Kong public offering, and the international offering was slightly over-subscribed.

SMIT Holdings Limited is the leading security devices provider for CAMs worldwide and for mPOS in China. CAMs (conditional access modules) are electronic devices approximately the size of a credit card, acting as a key for end users to unlock encrypted pay TV content. mPOS (mobile point-of-sale) products are secured payment devices which enable users to easily make credit and debit card transactions using their smart phones or other smart devices.

The Company possesses extensive expertise and know-how in the design and development of security chipsets, algorithms, software and hardware, in addition to the capabilities of manufacturing, marketing and selling its products. As such, the Company is vertically-integrated and can independently provide its customers with comprehensive security devices and products to suit their specific requirements. Since first entering the CAM market in 2006 in Western Europe, the Company has solidified its market position and expanded rapidly globally.

According to Frost & Sullivan, the Company ranked first in the global CAM market in 2014 with 48.7% of market share by both sales volume and revenue; and for the first half of 2015, the Company ranked first in the global CAM market, with 48.9% and 49.6% of market share by sales volume and revenue, respectively. In July 2013, SMIT Holdings tapped into the mPOS market in the PRC and to diversify and expand its business by leveraging on the expertise in design and development of security chipsets for the security devices industry. According to Frost & Sullivan, SMIT Holdings was the second largest mPOS supplier in China, with 6.6% and 6.8% of the market share by sales volume in 2014 and for the first half of 2015, respectively.

SMIT Holdings Limited Global Offering Press Conference

From left to right: President Mr. Shuai Hongyu; Chairman Mr. Huang Xueliang; CFO Mr. Loong Manfred Man-tsun

Looking into the future, the Chairman of Smit Holdings, Mr. Huang Xueliang said, “We sincerely appreciate the supports from investors. The successful listing is a perfect achievement for the global offering process as well as a new beginning for the Company’s development in the future.”

About SMIT Holdings Limited

SMIT Holdings Limited is a leading security devices provider for pay TV broadcasting access worldwide and for mobile point-of-sale, or mPOS, payment systems in China. The Company’s main product types are CAMs and mPOS devices. According to Frost & Sullivan, the Company was the largest CAM provider globally by both sales volume and revenue in 2014 and for the first half of 2015. In addition, the Company was the second largest mPOS supplier in China by sales volume in 2014 and for the first half of 2015.