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InvestorNewsBreaks – iClick Interactive Asia Group Limited (NASDAQ: ICLK) to Fully Acquire Changyi, Accelerate Evolution of Enterprise Solutions

iClick (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, today announced that its wholly-owned subsidiary has entered into an agreement to acquire the remaining equity interest of Changyi (Shanghai) Information Technology Co. Ltd. Changyi is a leading independent software vendor (“ISV”) in China that provides intelligent retail and CRM solutions. In consideration of the acquisition, the company will pay (i) RMB6,000,000 and the company will issue (ii) 3,091,327 American depository shares (the “Consideration ADS”) of the company. Changyi is Currently a controlled investee, Changyi will be wholly owned by the company upon completion of the proposed transaction. “The demand for private domain traffic remains strong, and we are capitalizing on this trend through continued investment in our Enterprise Solutions business,” said Jian “T.J.” Tang, chairman, CEO and co-founder of iClick. “The acquisition of the remaining shares of Changyi will accelerate the evolution of our Enterprise Solutions and better help our clients to innovate through digital transformation.”

To view the full press release, visit https://ibn.fm/xhFgx

About iClick Interactive Asia Group Limited

Founded in 2009, iClick is a leading enterprise and marketing cloud platform in China. iClick’s mission is to empower worldwide brands to unlock the enormous market potential of smart retail. With its leading proprietary technologies, iClick’s full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle. Headquartered in Hong Kong, iClick currently operates in 11 locations across Asia and Europe. For more information, please visit ir.i-Click.com.

NOTE TO INVESTORS: The latest news and updates relating to ICLK are available in the company’s newsroom at http://ibn.fm/ICLK

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