29 Dec Notice of suspension

OFFER FOR SALE BY PROSPECTUS BY THE SELLING SHAREHOLDERS of 1,252,294,335 Ordinary Shares in Alliance Financial Services Limited (the “Company”). The Prospectus was published on December 21, 2020 subsequent to its successful registration with the Financial Services Commission.

After publication, the Directors of the Selling Shareholders were made aware of a matter relating to a separate entity in which they are connected parties. The Selling Shareholders have deemed it prudent to suspend the Offer until January 28, 2021 and anticipate that the matter will be resolved shortly. Consequent on the suspension of the Offer, the Closing Date has been extended to a new date to be announced.

The Selling Shareholders confirm that having put all administrative steps in place, all Applications received to date will be cancelled and the subscription amounts returned (along with applicable fees and charges). Payment will be made in accordance with the information provided in the Application. We welcome all to reapply upon the lifting of the suspension.

We appreciate and are heartened by the overwhelming interest we have received thus far and regret any inconvenience that this may cause to our stakeholders, lead broker and the general public. We look forward to your continued support when we resume activities related to this most exciting milestone for our Company.