iClick Interactive Asia Group Limited Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company

HONG KONG, Dec. 20, 2022 /PRNewswire/ -- iClick Interactive Asia Group Limited ("iClick" or the "Company") (NASDAQ:ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, announced today that its board of directors (the "Board") received a preliminary non-binding proposal dated December 20, 2022 (the "Proposal Letter") from Igomax Inc., a British Virgin Islands company wholly owned by Mr. Jian Tang (Chairman of the Board, Chief Executive Officer and Co-Founder of the Company), Bubinga Holdings Limited, a British Virgin Islands company wholly owned by Mr. Wing Hong Sammy Hsieh (Director and Co-Founder of the Company), and Rise Chain Investment Limited, a British Virgin Islands company wholly owned by Mr. Huang Jianjun (collectively, the "Consortium") to acquire all of the outstanding ordinary shares (the "Ordinary Shares") and American depositary shares ("ADSs", with one ADS representing five Class A Ordinary Shares) (other than those Ordinary Shares or ADSs owned by the Consortium) for US$4.0672 per ADS in cash, or US$0.81344 per Ordinary Share, subject to certain terms and conditions set forth in the Proposal Letter (the "Proposed Transaction").  The Consortium beneficially owns ordinary shares of the Company that represent approximately 63% of the aggregate voting power of the Company.