30 April 2021
MiLOC GROUP LIMITED
("MiLOC" or "the Company")
DISTRIBUTOR DISPUTE
The Company announces that one of its subsidiaries, Star Collaboration (Guangzhou) Limited ("Star C"), has entered into legal proceedings with one of its distributors where approximately GBP166,000 (equivalent to approximately RMB1,500,000) of sales under the strategic cooperation sales agreement is in dispute with Star C in relation to unit price of product per item.
The Company will make a further announcement in due course.
The directors of the Company accept responsibility for the contents of this announcement.
For further information, please contact:-
| MiLOC ONG Ban Poh Michael - Chief Executive Officer Ronnie CHOI - Chief Financial Officer
|
Tel: +852 2110 4221
|
| AQSE Growth Market Corporate Adviser PETERHOUSE CAPITAL LIMITED Guy Miller Mark Anwyl |
Tel: +44 (0) 20 7469 0930 |