Hong Kong, 30 October 2015: 99 Wuxian, (ASX: NNW) (“99 Wuxian” or “the Company”) is pleased to provide its Appendix 4C quarterly cash flow report for the period ending 30 September 2015.
The Company had a cash balance of RMB 16.4 million as at 30 September 2015, with net cash outflows for the quarter of RMB 17.4 million. The cash outflow primarily reflects an increase in working capital associated with the growth of the loyalty point redemption business and virtual product prepayments which will return to 99 Wuxian as cash in future periods.
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