Investors

Business Description

CXS is a leading technology firm specialising in the global distribution of B2B products and services within the betting and gaming
industry and investing in innovative gaming technologies.

CXS subsidiary company, NYCE International (www.nyceint.com) is a leading product marketplace for gaming operators, showcasing
a suite of diverse products and services that covers all the key touch points for gaming operators and their customers. This includes
betting platforms, game studios and aggregators, sports data, lotteries, risk management, affiliates, artificial intelligence, licensing,
KYC, payments and more.NYCE manages a large global sales and executive network made up of industry veterans and trailblazers
that are qualified to health check and compare products, services, and technologies to identify those that add value to operator
brands globally.

Information about NYCE
Nyce International Limited, a Hong Kong based company, represents a gaming marketplace of intelligent, success-driven
technologies and services that deliver measurable revenue growth and operational efficiency to gaming companies. Via their global
network, NYCE accelerates the sales and product distribution process for the companies they represent, facilitating conversations at
only the highest levels. NYCE exhibits at all the major gaming conferences worldwide to showcase its comprehensive product
portfolio that further drive revenue potential and brand trust.

Information about Virya
Virya, a UK based company, is a venture studio and investment firm that houses a multi-discipline advisory partner network with
global access to deal flow within the betting and gaming industry. Virya provides executive and directorship services across all the
key sub sectors of the industry being; product strategy, technology, AI, regulatory, licensing, compliance, affiliates marketing,
payments and trading risk management.

Information about Vision RGS and Game Aggregation Platform
The purchase of an instance of Reelsoft AB’s Remote Gaming Server (RGS) and GameAggregation Platform represents a strategic
opportunity for CXS to synergetically integrate the portfolio of game content partners of NYCE and Virya in order to better promote
and distribute to operators worldwide.

Directors

Farzad Peyman | Chief Executive Officer

Farzad Peyman

Farzad is a chartered accountant and senior executive with 17 years’ experience in online gambling across B2B and B2C. He is a
leader of significant business change including restructuring, governance, regulatory, financial control, M&As and exits. Farzad has
led a series of mergers and acquisitions of sports betting, casino operators and sports trading groups and oversaw the embedding of
culture and implementation of cost synergies post transaction.

Harmen Brenninkmeijer | Executive Chairman

Harmen Brenninkmeijer

Harmen has been at the forefront of the development of the gaming industry for 34 years being known for his international
endeavors in especially emerging markets to establish sound gaming infrastructures. Has consistently been an early adopter of new technologies from internet, to mobile, and now blockchain. He has also been at the forefront of the strategic development of
emerging markets.

Stuart Adam | Non-Executive Director

Stuart Adam has over 30 years of experience as a professionally qualified accountant across a wide range of financial accounting, reporting, control and management functions in both public and private sectors, and for a broad range of clients from SMEs to PLCs, including several AIM and LSE listed companies. He is currently senior partner in City & Westminster Corporate Finance LLP, an independent corporate finance and business advisory firm which is authorised and regulated by the FCA. He is also a Chartered Member of the Chartered Institute for Securities & Investment

John May | Independent Non-Executive Director

John May has been a practicing Chartered Accountant for over 40 years providing services across a broad range of clients from SMEs to PLCs of international repute. He was a Senior Partner in the leading Chartered Accountancy firm, now Crowe UK, for 17 of those years, including 8 years on the Managing Board, where he was involved with developing marketing strategy in the capacity as National Marketing Partner, and the Chairman of the Thames Valley Offices for 9 years. More recently Mr. May has been in the board of companies which require his experience and corporate governance skills, particularly in relation to Audit Committee and statutory responsibilities. These companies are predominantly in the fintech, clean power, health-tech and ethical mining industries. Past directorships include Tomco Energy Plc, Petrolatina Energy Plc, Hayward Tyler Group Plc and London & Boston Investments. Current directorships include Pires Investments Plc, City & Westminster Corporate Finance LLP and Red Leopard Holdings Plc.

Advisers

AQSE Corporate Adviser

First Sentinel Corporate Finance Ltd

Legal Adviser

Fladgate LLP

16 Great Queen Street, London WC2B 5DG

Auditor

MAH, Chartered Accountants, 2nd Floor, 154 Bishopsgate, London, EC2M 4LN.

Registrars

Neville Registrars Limited

Neville House, Steelpark Road, Halesowen, B62 8HD

Registered Office

16 Great Queen Street, London, WC2B 5DG

Major Shareholders

Shares in Issue

ChallengerX plc Ordinary shares of 0.10 pence.

Number of shares in issue: 1,449,880,556

Number of shares in public hands: 43.66%

The Company’s shares are traded on the Access segment of the Aquis Stock Exchange Growth Market under the symbol: CXS

There are no restrictions on the free transferability of fully paid Ordinary Shares provided that the transfers are in favour of not more than four transferees, the transfers are in respect of only one class of share and the provisions in the Articles, if any, relating to registration of transfers have been complied with.

There are 1,546,341 shares in the Treasury.

The Company currently has 366,975,850 warrants in issue representing 25.34% of the enlarged share capital.

Significant Shareholders

Based on information provided to the Company as at 6 March 2025, as far as the Directors are aware, the following are Directors or shareholders interested in 5% or more of the issued share capital of the company.

Name	No. Ordinary Shares	% Issued Share Capital	Notes
Global Chain Limited	400,000,000	27.62%	1
Hub Affiliations Holdings	145,000,000	10.01%
Dominique Einhorn	61,875,000	4.27%	3
Farzad Peyman	50,000,000	3.45%	2
City & Westminster Corporate Finance LLP	26,866,668	1.86%	4
John May	3,150,000	0.22%

Notes

Harmen Brenninkmeijer holds 75% of Global Chain Limited. And Harmen directly holds 18,750,000 (1.29%) of the Company.
Harmen holds 22.01% in total.
Farzad Peyman also indirectly hold 56,700,000 (3.91%) of the Company via Virya Solutions Group Limited. Farzad holds 7.37% in
total.
Dominique Einhorn holds 77% of M6 Limited, and M6 Limited hold 37,500,000 (2.59%) of the Company. Dominique holds 6.27%
in total.
City & Westminster Corporate Finance LLP is controlled by Stuart Adam and John May.

Company Documents

Memorandum and Articles of Association

7 June 2021

Certificate of Incorporation

7 June 2021

Corporate Governance

An Audit Committee is established and comprises John May and Stuart Adam. The Committee meets with the auditors, considers the results and the audit process, and satisfies itself as to the auditor’s independence.

The Company has a Remuneration Committee, which is comprised of John May and Harmen Brenninkmeijer. The Aquis Rule Compliance Committee comprises Farzad Peyman and Stuart Adam and coordinates with the Corporate Advisor to monitor Aquis rule compliance.