Appendix 4C – Quarterly Update

PERTH, 31 January 2017 – MOKO Social Media Limited (MOKO) today lodged its quarterly cashflow results for the 6 month period ending 31 December 2016.

Net operating cashflows for the quarter ended 31 December were ($0.6m) including a R&D Tax Incentive Scheme rebate of $0.8m. Net financing cashflows were $0.1m with the Company utilising a short-term secured loan facility during the quarter to manage its working capital whilst the R&D tax rebate was outstanding.

REC*IT UPDATE

MOKO today also reports an important milestone in its flagship sports management app. REC*IT has now reached 1,033,000+ Total First Launches.*

REC*IT also achieved a 46% increase in Page Views during the Fall 2016 Semester when compared to the same period in 2015, with a total 71.6 million+ Page Views.

MOKO CEO Shripal Shah said, “Surpassing a million Total First Launches validates our strong belief in the value REC*IT provides both college students and administrators.

While this achievement marks a special milestone, we are even more excited about adding over 376,700+ Unique Visitors who are responsible for generating 71.6 million+ Page/Screen Views during the Fall 2016 Semester. That’s approximately 190 Page/Screen Views per student on average this past semester.

The ongoing strong take-up of REC*IT and engagement levels confirms our product is widely engaging the US student market.”

FINANCING PROPOSAL

The Company is currently in discussions with a number of parties in relation to securing additional funding. These negotiations are continuing and the Company is not yet in a position to make an announcement. The Company currently anticipates making an announcement in relation to the financing on or before Friday 10th February 2017.

Download full Press Release here.

Posted on January 31, 2017 in ASX Announcements, Financial Reports, News

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