Reference is made to our announcements dated 11 May 2017, 15 May 2017, 16 June 2017，19 June 2017, 5 September 2017, 2 October 2017, 17 October 2017, 30 November 2017，3 January 2018, 8 January 2018 and 5 February 2018.

The Board of Directors of Innity Corporation Berhad wishes to further announce that ICCL (the “Plaintiff”) and LeSports HK (the “Defendant”), had on 6 February 2018, via their respective solicitors, Messrs. Chau & Associates and Messrs. K&L Gates, jointly filed an application for an Order (Consent Order) in the High Court of the Hong Kong Special Administrative Region (“the Court”) that all proceedings be stayed except for the purpose of carrying out the Consent Order and the agreed terms set forth thereto:

1. That the Defendant do pay the Plaintiff the sum of HK$3,349,755.55 (inclusive of interest) in full and final settlement of the Plaintiff’s claim in the following manner:

    (a) HK$500,000 on 5 February 2018 (received on 5 February 2018);

    (b) HK$1,424,878.00 on 15 March 2018;

    (c) HK$1,424,877.55 on 15 April 2018.

    (the “Settlement Sum”)

2. That Defendant do pay the Plaintiff’s costs of this action from 16 June 2017 up to the date hereof on a party-and-party basis to be taxed, if not agreed; and

3. That upon payment of the Settlement Sum including the payment of costs as aforesaid, the Plaintiff shall apply for leave to withdraw this action with no order as to costs and the Defendant shall give its respective consent to such application.

This announcement is dated 6 February 2018.