MEDIA RELEASE
For Immediate Release

8IH FY2016 FINANCIAL RESULTS ANNOUNCEMENT
Net Profit Up Strongly by 287% to S$18.50 million

17 May 2016, Singapore

8I Holdings Ltd ("8IH" or the "Company") is pleased to announce its financial results for the year ended 31 March 2016.

FY2016 Highlights:

- Total Revenue and Other Income of S$32.83 million, up 203.7% as compared to FY2015

- Net Profit After Tax attributable to Shareholders of S$18.50 million, up 287% as compared to FY2015

- Net Total Asset up S$20.8 million or 63% to S$53.66 million

- Education & Events segmental profits up to S$3.22 million

- Listed Securities segment achieved S$1.12 million combined gains for second-half FY2016.

- The Board has proposed a dividend of 0.5 cents per share.

Group
The total revenue and other income from 1 April 2015 to 31 March 2016 ("FY2016") is in excess of S$32.83 million and net profit for the year attributable to Shareholders is in excess of S$18.50 million, an increase of 203.7% and 287.8% respectively as compared to group numbers from 17 May 2014 to 31 March 2015 ("FY2015"). Total comprehensive income attributable to owners of the company for FY2016 is in excess of S$22.31 million, as compared to S$4.84 million for FY2015. The Group's Total Asset stands in excess of S$61.12 million, an increase of 51.73% from FY2015 (S$40.28 million). The Net Total Asset has increased 63% from S$36.51 million to S$53.66 million in FY2016.
Education and Events
The Education and Events segment has increased its revenue by 109% to S$11.04 million in FY2016, with segmental profits up 250% to in excess of S$3.22 million. This increase is due to strong organic growth from the Education business and the acquisition and consolidation of Hemus Pacific Pte Ltd.
Investment
The listed securities segment registered segmental losses in excess of S$1.33 million, amidst a very tough year in the equity markets. A major portfolio restructuring in September 2015 following the appointment of Chief Investment Officer, Mr Kee Koon Boon, the listed securities segment achieved combined gains in excess of S$1.12 million for the second-half of FY2016, against a declining overall market index. The team continues to expand its research scope and refine the investment process while contribution from the Investment segment is expected to be lumpy due to the nature of the capital markets.
The Private Equity division continues to look for various companies and businesses with sound and scalable business model that is deemed to have a solid financial track record, led by honest, capable and shareholder friendly management in place that can be acquired for a reasonable or even undervalued price. Most importantly, the businesses must have the potential for tremendous growth, with the potential of a future listing for them or at least an operating business contributing free cash flow for the Group for efficient capital allocation.
As of 31 March 2016, 8IH owns a 51% stake in Hemus Pacific Pte Ltd and 49.9% in Velocity Group. The property segment contributes S$1.18 million in profits, largely due to interest income from the financing of Velocity's projects. The Company is in the process of starting and working through its intent to list Velocity Group in the upcoming Financial Year.
The Group continues to look out for potential listed companies and private businesses that is in line with the Company's Value Investment strategy of investing in growth opportunities while allowing existing management to run day-to-day operations.
Lastly, the Board is pleased to announce a final dividend of 0.5 cent per share. Therefore, the total dividend, including the interim dividend of 0.5 cent, paid for FY2016 is 1.0 cent per share for FY2016 (FY2015: 1.0 cent per share).
For full details of the results, please go to the following link:
http://8ly.cc/fy2016accounts

ENDS
For further information, please visit www.8iholdings.com
Media Enquiries:

Louis Chua
Company Secretary (Australia)
8I Holdings Ltd
+65 6225 8480 ext. 114
louis@8iholdings.com
Goh Yi Lin
Investor Relations
8I Holdings Ltd
+65 6225 8480 ext. 113
info@8iholdings.com

About 8I Holdings Limited
8I Holdings is the holding company of the 8I Group that is based in Singapore and operates an investment business in listed securities and private equity, as well as a financial education and training seminar business. Our experiences as a financial education company focusing on investment techniques with "Value Investing" through our flagship "Millionaire Investor Program" has facilitated significant growth and established 8I Group as one of the leading financial education seminar operators with an investment business in Singapore.