PR95618

SANTA CLARA, Calif., April 25, 2022 /PRNewswire=KYODO JBN/ --

Vobile Group Limited (SEHK: 3738; OTCQX: VOBIF), a global leader in

Software-as-a-Service for online video content protection and monetization, has

secured more than US$127 million in facility for its proposed acquisition of

Particle Culture Technology Group in mainland China.  Solely led by HSBC, the

bespoke financing package is comprised of senior bilateral facility as well as

private credit funds, supporting Vobile to drive its innovation and growth

strategy in mainland China amid the fast-changing technology landscape.

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"Having the full support of HSBC, one of the largest global banking and

financial services organizations, is opening up a world of growth opportunities

for Vobile," stated Yangbin  Wang, Chairman and CEO of Vobile Group, "The

financing solution provided by HSBC Commericial Banking enables us to move

forward with the closing of the announced major acquisition, which will further

accelerate our business growth in China. We look forward to expanding our

collaboration with HSBC in the future."

Frank Fang, General Manager and Head of Commercial Banking, Hong Kong and

Macau, said: "Technology and innovation are key growth drivers of the

Mainland's economy. HSBC is delighted to arrange a tailored financing solution

for Vobile, elevating our relationship by further supporting its business

ambition to expand into mainland China. This transaction also reflects the

Bank's strategic commitment to helping entrepreneurs and the new economy

connect to new opportunities through our global network and financial

expertise."

As its key banking partner, HSBC has supported Vobile's growth journey from the

outset since 2015, providing wide range of services throughout its business

lifecycle.  On top of acquisition financing, the Bank provided capital

expenditure facility under the HSBC GBA+ Technology Fund last year, a debt

financing scheme that supports high growth companies in the new economy in the

Guangdong-Hong Kong-Macao Greater Bay Area.

For media and investor inquiries, please contact: PR@VobileGroup.com

About Vobile Group

Vobile is a worldwide leader in Software-as-a-Service for online video content

protection and monetization. Its best-in-class SaaS platforms are widely used

by movie studios, television networks and record labels, enabling effective

content protection for rightsholders and accelerating their revenue growth in

digital economy. Vobile has global operations across continents in North

America, Asia, Australia and Europe.

SOURCE  Vobile, Inc.