Appendix 4C - December 2015 Quarterly Cash Flow Report
Hong Kong, Jan 29, 2016 AEST (ABN Newswire) - 99 Wuxian, (
ASX:NNW) ("99 Wuxian" or "the Company") is pleased to provide its Appendix 4C quarterly cash flow report for the period ending 29 January 2016.
The Company had a cash balance of RMB 40.9 million as at 31 December 2015, with net cash inflows for the quarter of RMB 24.3 million. The cash inflow primarily reflects net operating cash flows driven by strong receipts from customers in the quarter, net of cash flows from investing and financing activities associated with the acquisition of Jiangsu Ofpay E-commerce Limited and associated financing by the shareholder's loan from Grand Ease Holdings Limited.
Operationally, the business continued to perform strongly during the quarter and deliver upon its strategy of increasing user engagement. During the quarter strong net operating cash flows of RMB 45.4m were driven by receipts from customers.
To view the full report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-NNW-903659.pdf
About 99 Wuxian Ltd
99 Wuxian Ltd (ASX:NNW) aggregates over 300 million high quality consumers and 155 leading merchants through a marketplace embedded within the mobile apps of China's leading banks, telecommunications and insurance companies. 99 Wuxian enables increased customer satisfaction, loyalty and retention for its business partners by offering consumers the lifestyle convenience of purchasing virtual and physical goods on a mobile device.
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