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RNS Number : 3865G  Intuitive Investments Group plc  06 November 2025

 6 November 2025

 

 Intuitive Investments Group plc

 ("IIG" or the "Company")

 Year End Trading Update

 Significant progress with the rollout of Hui10 platform in China

 

IIG plc is pleased to provide a trading update for the year ended 30 September
2025 focused on its primary investment Hui10 Inc, the technology company
leading the transformation of the Chinese lottery.

Hui10 Strategic and Operational Highlights

Hui10 has continued to make significant progress with positive momentum for
the rollout of its technology platform across China, with growth across all
its key performance metrics:

 As at September                                   2025           2024
 Connected Lucky World Lottery Shops               3,621          2,067
 UGO UnionPay POS Terminals                        633            323
 Total Registered Users                            787,873        239,999
 Nine months to September                          2025           2024
 Lottery Transaction Value through Lucky World     ¥93,324,896    ¥554,392
 UGO Scratchcard Sales                              ¥7,380,872     ¥3,990,300
 Lucky World Merchandise Revenue                    ¥418,466       ¥80,136

Note - RMB to GBP fx conversion rate ¥9.29 to £1

In July 2025, Hui10 commenced the deployment of its infrastructure across
China, building on the successful platform development and expansion of key
partnerships during the previous 12 months. This progress demonstrates Hui10's
strong execution and growing scale within China's digital lottery and payments
market, albeit slower than management's initial plans given delays in
fundraising.

Notable initiatives included:

 •    Expanding Hui10's operations to four provinces across China, including
      Liaoning and Inner Mongolia, unlocking an estimated potential market of c.175
      million consumers, further growing the national footprint of the Hui10
      platform.
 •    Completing all the necessary work with China Financial Certification Authority
      (CFCA) to provide paperless ticket security protocols in compliance with
      Ministry of Finance requirements.
 •    Signing a landmark collaboration with the General Administration of Sports
      China to open 31 TEAM CHINA Sports Lottery+ stores nationwide, with 5 stores
      already opened in Hebei, Henan, and Shanxi and, most importantly, flagship
      stores in Beijing and Shanghai.
 •    Forming strategic partnerships with major corporations including Diageo, China
      Poly Group, and Sichuan Tuopai Shede Group Co., Ltd, as well as a high-profile
      collaboration with Sinopec Easy Joy, one of China's largest retail networks.
 •    Launching the first phase of UGO Lotto, the digitally integrated Sports
      Lottery scratchcard solution, with over 600 point-of-sale terminals now
      operating in ride-hailing vehicles and retail outlets in Shanxi Province.
 •    Continuing the rollout of the Lucky World platform, now connecting more than
      3,600 lottery shops via UnionPay POS terminals, generating c. ¥35 million of
      lottery transactions each month, with a monthly average spend of ¥282 per
      active customer.
 •    Acquired c.250,000 registered users since the Lucky World launch in July,
      equating to c.2100 new users per day.

 

IIG Update

During the period since March 2025 there has been good progress at the IIG
Group level:

 •    £13.3 million of equity was issued to support the growth of Hui10. At the end
      of September 2025 Hui10 had cash reserves in excess of ¥91m (£9.8m).
 •    Continuing to explore 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.
 •    IIG's Life Sciences portfolio now represents less than 1% of total assets with
      the Company fully divesting of its quoted investment portfolio during the
      period. Immediately after year end, IIG also sold its entire holding in
      Touchless Innovations Limited to enable greater strategic focus on Hui10.

 

Current trading and outlook

Hui10 has delivered further growth in its performance metrics since September
and continues to anticipate further progress in the period to December 2025
with connected Lucky World shops increasing to c.9,000 and UGO UnionPay POS
Terminals to more than 1,000, together delivering increased registered users
and driving further growth in Lottery sales and Lucky World merchandise
revenues.

In 2026, the pace of growth is forecast to increase with the business
expecting to connect a further 60,000 Lucky World Lottery shops and 35,000 UGO
UnionPay POS terminals by the end of the year. This continued scaling
positions Hui10 strategically to maximise the opportunity that the policy
change to enable Paperless Lottery play will unlock. To fund this growth and
help secure the shift to Paperless, targeting early 2026, the Company
anticipates further fundraising activity. The ongoing rollout does not require
regulatory policy change and is ultimately targeting to operate across the
entire network of 200,000 lottery shops and over 3 million UGO UnionPay POS
terminals across China.

Giles Willits, Chief Executive Officer of IIG, commented: "Hui10 is our
primary investment and growth engine, representing the most significant value
opportunity within our portfolio. Hui10 has made outstanding operational
progress and is well positioned to capitalise on its growing infrastructure
footprint and strategic partnerships across China."

 

 

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

 James Hornigold / 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 and / or high potential 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 involved in the digital transformation of the
Chinese lottery. It's platform unlocks the market expansion of the Chinese
lottery through increasing the number of people playing lottery from the
current 10% participation level to target more than 30%. Hui10's platform is
integrated into China's national interbank card settlement system and payment
platform, UnionPay. Lucky World is an omnichannel commerce platform which
provides China's existing 200,000 lottery only shops access to a wider
fastmoving consumer goods product offering through its growing number of
commercial partnerships with leading Chinese suppliers. Lucky World provides a
solution for brands to tackle the global counterfeit crisis using its
integrated Lottery HongBao digital solution with incentives, helping to build
brand loyalty and trust.

 

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