AGTech Announces Final Results For The Year Ended March 31, 2026：High-Growth Businesses Provide Momentum as Fintech Platform Strategy Takes Shape

Group", HKEX Stock Code: 8279) today announced its final results for the year ended march 31, 2026.

FINANCIAL HIGHLIGHTS

Revenue of the Group for the year ended March 31, 2026 amounted to approximately HK$760.5 million (Year ended March 31, 2025: approximately HK$615.0 million),

representing an increase of approximately 23.7% compared to the year ended March 31, 2025. For the year ended March 31, 2026, revenue contributions were mainly

derived from the following businesses:

1. Digital payment and related businesses (including commerce enablement and local consumer services and payment-related hardware sales and lease income)

   There was an overall increase in revenue by approximately HK$16.6 million to approximately HK$323.8 million for the year ended March 31, 2026, mainly due to the increase in transaction payment volume (TPV) driven by the rise in inbound tourists in Macau and increase in local consumption through digital

   payment benefiting from the consumption promotion campaign such as the "Community Consumption Grand Prize 2025".

   Furthermore, the revenue from commerce enablement and local consumer

   services increased by approximately 85.2% to approximately HK$27.7 million for the year ended March 31, 2026, mainly driven by its continuous strategic

   initiatives provided to the local consumers and merchants.

2. Full-scale banking business

   There was an overall increase in revenue by approximately HK$157.7 million to approximately HK$225.5 million for the year ended March 31, 2026, mainly due to (i) the consolidation of financial statements of ABM (Ant Bank (Macao)

   Limited) into those of the Group for the entire year, compared with only about

   seven months for the year ended March 31, 2025 following the completion of the Group's acquisition of a controlling stake in ABM on September 2, 2024; (ii) the Group's continuous innovations have led to a significant growth in both customer base and customer deposits.

3. Lottery business

There was an overall decrease in revenue by approximately HK$28.7 million to approximately HK$211.2 million for the year ended March 31, 2026, mainly due to the decrease in revenue from sales of lottery hardware by approximately HK$35.5 million as a result of the decrease in lottery hardware tenders awards and deliveries and partially offset by the increase in revenue from the provision of lottery offline distribution services by approximately HK$6.8 million.

The loss for the year ended March 31, 2026 was approximately HK$54.2 million (for the year ended March 31, 2025: approximately HK$98.6 million). The overall

decrease in loss for the year is primarily attributable to: (i) no fair value changes were recognized for the year ended March 31, 2026 on the convertible term loan facilities in the maximum amount of INR1,319.4 million (equivalent to approximately HK$137.3 million) previously provided by the Group to, and fully utilized by, its 45%-owned joint venture company in India, First Games Technology Private Limited ("JV"), as compared to a fair value loss of approximately HK$70.9 million for the

year ended March 31, 2025. During the year ended March 31, 2026, the Group has entered into a mutual agreement with the JV for the termination of the Facilities and a gain on derecognition of approximately HK$3.5 million was recognized by the

Group; and (ii) the decrease in finance income by approximately HK$14.0 million to approximately HK$30.3 million (for the year ended March 31, 2025: approximately HK$44.3 million) mainly due to the decrease in market interest rates for the year

ended March 31, 2026 as compared to the corresponding period in 2025.

BUSINESS REVIEW

Core business segments are now working in synergy: alongside our leading position in digital payments, our full-scale banking services are growing rapidly, while

innovative technology services for the gold and precious metals trading have opened up new growth horizons. Overall, the initial results of the strategic transformation are beginning to materialize.

The Group's fintech businesses have evolved into a digital ecosystem (as outlined in the diagram above).

1. Digital Payment Services The Group's digital payment business is primarily conducted through Macau Pass, which is one of the leading digital payment service providers in Macau, principally engaged in mCard, MPay and merchants acquiring services.

   • mCard is a contactless payment card widely used by Macau residents and visitors.

     There are currently over 6.0 million mCards in issuance, supporting local public transportation and over 30,000 consumption points across Macau. During the

     reporting period, mCard continuously deepened its regional connectivity

     strategies, in collaboration with cities across the Chinese Mainland, including Zhuhai and Wuhan, we launched the "Zhuhai-Macao Public Transport

     Card","Wuhan-Macau Intercity Card" , etc. At the same time, we subsequently launched a series of creative products, including the NBA China Games mCard, the Capybara MINI mCard, moving beyond the traditional transit card role

     and further promoting brand rejuvenation. The cross-border payment service was also optimized. With the addition of a top-up service option for Alipay users on September 26, 2025, it has significantly enhanced the convenience of payment and travel for tourists from Chinese Mainland in Macau.

   • MPay is one of the most widely used e-wallets among Macau residents，with approximately 1.73 million registered users. It has become a Super App that

     covers dining, transportation, tourism, entertainment, online and offline shopping,

     finance and cross-border services and payments. On the local ecosystem front, MPay has continuously deepened its local digital ecosystem by launching the MPay Tap! Function and extending the"Amap Ride-Hailing" mini-app to the local Macau market. Meanwhile, its cross-border payment ecosystem has shown

     strong growth momentum. During the reporting period, the number of cross-border payment transactions and the total transaction payment volume increased by approximately 43% and approximately 44% year-on-year, respectively. In terms of international payment networks, MPay now supports

     users in about 60 countries and region. To facilitate northbound consumption and travel by Macau residents, it has been continuously enriching its "Cross-Border Zone" ecosystem, which now integrates approximately 90 popular mini-apps in

     the Chinese Mainland, including Amap Ride-Hailing, Meituan Takeout, and transit QR code of Guangzhou Metro.

   • We are also one of the leading acquirers in Macau. Our acquiring services support travellers from over 10 overseas countries and region to use their home

     country/region's e-wallets in Macau. During the reporting period, Macau Pass

     pioneered the introduction of innovative payment solutions exemplified by Alipay Tap! and MPay Tap! Features, and deepened scenario-based cooperation with

     local business partners including Sands China. As of March 31, 2026, Alipay's

     innovative payment method Alipay Tap! has covered over 8,000 merchant stores across Macau.

2. Full-scale Banking Services

   The Group's banking business is conducted by ABM (the "Bank"). ABM is a local full-scale bank in Macau holding a full banking licensce, providing comprehensive financial services including convenient account opening, payment and spending,

   global remittance, savings and wealth management (including insurance agency), and credit services to individuals and SMEs users.

   During the reporting period, the Bank continues to improve the full range of product services system including deposits, loans, remittances, currency exchange, and

   investments. The Bank also advanced its offline expansion strategy, opening its first self-service outlet in October 2025 and will consider setting up other wealth

   management centers in the future, gradually forming a comprehensive banking service model that integrates online digital capabilities with an offline service

   network. In addition, we established an online insurance payment zone and reached an agency cooperation agreement with HSBC insurance products, further expanding the product portfolio. In terms of customer management, the bank also focuses on youngster and endeavors to reach users with differentiated services through online

   operations and offline outlets, forming a distinct customer service advantages over conventional banks. During the reporting period, the Bank achieved growth in both customer base and fund size, with the total number of individual customers increasing by approximately 76% year-on-year and total deposits growing by approximately 235%.

3. Commerce Enablement and Local Consumer Services

   Leveraging MPay's large user base and payment traffic, together with the synergistic advantages of the mCoin and mPass platforms, the Group continues to convert

   online traffic into offline commercial value,empowering local business development.

   • Leveraging the synergies of the MPay payment ecosystem, mPass provides Macau residents and tourists with a comprehensive lifestyle and travel service

     platform offering a wide range of services across dining, shopping, entertainment, events and high-end customised travel experiences. During the reporting period, mPass in collaboration with the Macau Economic and Technological

     Development Bureau and Damai, launched the "Concert + Community Consumption Benefits" campaign, effectively directing concert-goers to

     communities such as the Zona de Aterros do Porto Exterior ("ZAPE",新口岸填海區). Meanwhile, it collaborated with MPay to support government and

     commercial initiatives to boost consumption, such as the "National Games Boost

     • Community Consumption Grand Prize", and the "POP MART Macao Citywalk" (與POP MART 漫游澳門), effectively increasing users' spending activity.

       Additionally, during the reporting period, mPass has also supported over 130 performances and events in Macau.

   • mCoin activates the points economy: mCoin is MPay's exclusive points and benefits platform. During the reporting period, the mCoin platform has newly

     launched an mCoin gift feature. As of March 31, 2026, the cumulative volume of mCoins transferred via the gift function reached approximately 1 billion mCoins.

     The platform also launched the "Value Buy" (抵到爆) mCoins redemption

     program, collaborating with high-quality merchants to provide exclusive products, thereby achieving a mutually beneficial promotion of advantages for users and increased traffic for merchants.

   • During the reporting period, the Group continued to deepen partnerships with product partners, leveraging digital technology to empower local business upgrades and the development of smart cities. In addition to

     collaborating with Alipay and Sands China to launch the Alipay Tap! Service at Sands Resorts Macao, we also collaborated with Amap to launch the "Cool Travel

     Festival" (清涼出行節), the "Amap Street Stars -Macao Authentic Delicacies

     Ranking" and the "Macao City Life Support Program". These initiatives not only provided comprehensive support for Macau's local merchants and empower local small and medium-sized merchants in their digital transformation and service capability upgrade, but also contributed to the growth of community economies. Furthermore, we successively established strategic cooperation with Huawei

     Services (Hong Kong) Limited, China Telecom (Macau) Limited, China Arts and Entertainment Group Ltd., Damai Entertainment and the Galaxy Macau™

     integrated resort. These collaborations aim to explore opportunities in areas such as digital service innovation, smart city development, and cultural content growth.

4. Innovative Technology Services for the Gold and Precious Metals Trading

As part of the Group's innovative financial strategy, the Group will design, develop, and maintain a secure and reliable electronic trading, clearing and settlement platform for HKGX and its market participants. The platform will integrate spot, futures,