REG - Intuitive Invests.Gp - Hui10 update on UGO Scratch expansion

Intuitive InvestmentsAnnouncement

06/03/2025 07:00

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RNS Number : 5273Z  Intuitive Investments Group plc  06 March 2025

6 March 2025

 

Intuitive Investments Group plc

("IIG" or the "Company")

Hui10 expands digital lottery integration into China's taxi and ride-hailing
industry

Enhancing sports lottery accessibility via public transport ecosystem

Strengthening Hui10's leadership in the digital transformation of lottery

Intuitive Investments Group plc (SFS: IIG) ("IIG" or the "Company"), a
closed-end investment company focused on high-growth opportunities in the
technology and life sciences sectors, announces a new milestone for its
investee company, Hui10 Inc. ("Hui10"), which has taken a significant step
forward in its strategic expansion into China's taxi and ride-hailing
industry.

Under the new agreement with ride hailing business Shouyue Technology
(Beijing) Co. - the operator of 'Shouqi Taxi' in China - Hui10 will launch a
pilot programme of UGO Scratch which will enable China's Sports Lottery
scratchcard sales in taxi and ride-hailing cars. Hui10's digital and payments
technology platform will bring instant-win scratchcard distribution and play
to millions of consumers. The pilot programme will be launched in Datong City,
Shanxi Province, and will mark the beginning of a planned expansion across the
region. Datong has a population of over 3 million and is one of the most
popular tourist cities in China with 5.6 million tourist visits a year.

UGO Scratch is a digitally integrated Sports Lottery solution developed by
Hui10, in collaboration with China UnionPay and China National Communications
Information Co., a wholly owned subsidiary of China's Ministry of Transport.
It will allow passengers in taxis, trains, buses and ferries across China to
purchase, play and redeem winning instant scratchcard tickets directly through
UnionPay POS terminals installed in vehicles.

As a result of this initiative, taxi drivers will also benefit from additional
revenue streams. The programme is aligned with and strengthens the role of
China's Sports Lottery in public welfare funding, contributing to sports
development, social programmes, and community initiatives.

Sir Nigel Rudd, Chairman of IIG, commented: "This landmark agreement
positions Hui10 at the forefront of China's digital lottery transformation,
using technology to drive accessibility and engagement. It is a major
milestone in integrating digital sports lottery sales into China's people
transportation sector, which further underpins Hui10's position in the
digitisation of the Chinese lottery industry. By integrating sports
scratchcard sales into China's taxi and ride-hailing industry, Hui10 is
opening up a vast new customer base, all while supporting China's national
digital payments and lottery modernisation strategy, as well as its welfare
programmes. This initiative marks another crucial step in the expansion of
Hui10's ecosystem, and represents a major growth opportunity for IIG
shareholders."

 

Enquiries:

 Intuitive Investments Group plc                    www.iigplc.com (http://www.iigplc.com/)

 Sir Nigel Rudd, Non-Executive Chairman             Via FTI Consulting

 Robert Naylor, CEO

 Giles Willits, CIO

 Zeus                                               +44 (0)20 3829 5000

 Nick Cowles / Graeme Summers / Dominic King

 FTI Consulting                                     +44 (0)20 3727 1000

 Jamie Ricketts / Valerija Cymbal / Jemima Gurney   IIG@fticonsulting.com

 

About Intuitive Investments Group plc

IIG is an investment company seeking to provide investors with exposure to a
portfolio concentrating on fast growing, high potential Technology and Life
Sciences businesses operating predominantly in the UK, continental Europe, the
US and APAC, utilising the Board's experience to seek to generate capital
growth over the long term for shareholders.

About Hui10

Hui10 is a technology company with interests in two operating businesses,
Huishi Dehua and Huishi Chunyuan ('Lucky World'), involved in the digital
transformation of the Chinese lottery. Huishi Dehua enables the market
expansion of the Chinese lottery through its proprietary technology platform.
Huishi Dehua is integrated into China's national card settlement system and
payment platform, UnionPay. Hui10 holds a 33% share in Huishi Dehua. Lucky
World is an ecommerce platform which provides China's existing lottery shops
access to a wider fast-moving consumer goods product offering. Hui10 owns 60%
of Lucky World.

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