REG - Intuitive Invests.Gp - Strategic Update and Board Changes

Intuitive InvestmentsAnnouncement

31/03/2025 07:15

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RNS Number : 8702C  Intuitive Investments Group plc  31 March 2025

31 March 2025

Intuitive Investments Group PLC

Strategic Update and Board Changes

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 that as part of the ongoing
development of the Company's strategic direction, and following the
significant progress achieved by IIG's largest investment Hui10 in the past 12
months, it is exploring the options to move, in the future, from the
Specialist Fund Segment of the London Stock Exchange to an Official Listing on
the Main Market. Further updates on this process will be provided in due
course and would be subject to eligibility both in the UK and China.

Hui10 is leading the digital transformation of China's lottery industry. Since
IIG's investment in October 2023, the company has made significant strides,
establishing a strong growth trajectory through innovative solutions such as
its Lucky World HongBao (Red Envelope) platform. This is driving the rapid
expansion of the Lucky World network, which has already grown to over 2,500
lottery shops, while also acquiring more than 150,000 registered users since
its launch in February 2025.

To support this transition the Board is pleased to announce Giles Willits,
currently Chief Investment Officer, will move to the position of Chief
Executive Officer, with immediate effect. Giles brings extensive experience in
corporate leadership and business transformation, and specifically in his
previous role as Group Chief Financial Officer at Entertainment One where he
led its transition from an AIM to a FTSE 250 business, with its eventual sale
for over $4bn in 2019.

Robert Naylor is stepping down as Chief Executive Officer to focus on his role
as lead fund manager at the recently launched Achilles Investment Company
Limited. During his tenure, Robert has overseen a strategic transformation of
IIG, including the landmark investment in Hui10.

Sir Nigel Rudd, Chairman of Intuitive Investments Group PLC, commented:

"The Board are excited to explore this next step in its strategic ambitions
and are delighted that Giles will take on the role of Chief Executive Officer
to help drive the transition. On behalf of the Board, I would like to thank
Robert for his hard work as CEO of IIG. We wish him every success in his new
venture."

Enquiries:

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

 Sir Nigel Rudd, Non-Executive Chairman             Via FTI Consulting

 Giles Willits, CEO

 Zeus                                               +44 (0)20 3829 5000

 Nick Cowles / Graeme Summers

 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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