Announcements

Appointment of Finance Director

5 February 2015

RapidCloud International plc (AIM: RCI), the computing services, web-hosting and web-solutions provider based in Southeast Asia, announces the appointment of Cindy Choo to the Board of RapidCloud as Finance Director. Cindy’s appointment as Finance Director, and to the Board, became effective on 5 February 2015. Cindy takes over from Darren Hopkins who, as Interim FD, assisted the Company in its listing and reporting processes from August 2013. Cindy’s appointment is consistent with RapidCloud’s stated intention to appoint a full time Finance Director, based in the Kuala Lumpur Headquarters, to the Board.

Cindy brings with her a wealth of experience having worked for 16 years at Perfect Advisory, Sdn Bhd ("Perfect Advisory”), a Malaysia headquartered business and finance consultancy servicing over 2,500 corporate and enterprise clients. Cindy joined Perfect Advisory in 1998 as Director of its Tax Planning and Advisory division before becoming CEO in 2001. Under Cindy’s leadership, Perfect Advisory greatly expanded from a tax compliance specialist to a provider of business, accounting, bookkeeping, financial planning and GST advisory and consultancy services. Perfect Advisory recorded average growth in revenues of 15% per annum during Cindy’s thirteen years as CEO.

Cindy also holds numerous professional qualifications including Chartered Accountant of Malaysian Institute of Accountants (MIA), Chartered Tax Practitioner of Chartered Tax Institute of Malaysia (CTIM), Certified Financial Planner of Malaysian Financial Planning Council (MFPC) and Certified Practising Accountants of Australia (CPA). She graduated from the University of Western Australia in 1997 with a Bachelor’s degree in Commerce, majoring in Accounting and Finance.

Current Interim CFO, Darren Hopkins, left the Company on 1 January and the board of RapidCloud wish to express their sincere thanks to Darren for the significant contributions he has made to the Company both during and subsequent to RapidCloud’s successful AIM IPO.

Raymond Chee, CEO of RapidCloud commented: "We are delighted that Cindy has joined the RapidCloud Board as a full time Finance Director. Her considerable experience and extensive qualifications in the field of finance will be invaluable to RapidCloud as we continue to develop and grow the Company. I would also like to thank Darren Hopkins for his substantial contribution to the Company and wish him all the best for the future."

Additional information on Ms Cindy Choo:
The following additional information is provided in accordance with paragraph (g) of Schedule Two to the AIM Rules for Companies:

Cindy Choo (aged 39)
Directorships in the previous five years:

  • Perfect Advisory Sdn Bhd (current)
  • Talco Construction Sdn Bhd (current)
  • Choo Brothers Biz Advisory Sdn Bhd (current)
  • PBAG Wealth Planners Sdn Bhd (previous)
  • Perfect Connect 2U Sdn Bhd (previous)
  • The Meet Up Place Sdn Bhd (previous)
  • RapidCloud Asia Berhad (previous)

There is no further information to be disclosed pursuant to Schedule Two Part (g) of the AIM Rulesfor Companies.

For further information, please visit www.rapidcloudasia.com or contact:

RapidCloud International Plc
Raymond Chee, Managing Director
David Cotterell, Chairman
investorqueries@rapidcloudasia.com
Allenby Capital, Nominated Adviser and Joint Broker
Alex Price
Jeremy Porter
Chris Crawford
Tel: +44 (0)20 3328 5656
Walbrook, Financial PR and IR
Bob Huxford
Guy McDougall
Tel: 44 (0)20 7933 8792
rapidcloud@walbrookpr.com

About RapidCloud

RapidCloud, one of the few integrated subscription-based computing solutions providers in Malaysia that offers its services through all three currently available segments of cloud computing. The Company is based in Southeast Asia and is one of the few solutions providers in the region to deliver its offerings through all three available Cloud Computing segments, i.e. Software-as-a-Service, Infrastructure-as-a-Service and Platform-as-a-Service.

Formed in 1999 the Company has a well-established cloud offering with a customer base of 37,000. These are predominantly SMEs but also include blue-chip clients such as Deloitte, BAE Systems and Canon, for which RapidCloud’s extensive R&D department creates bespoke software solutions.

RapidCloud currently has operations in Malaysia, Thailand and the Philippines and has plans to expand into Indonesia. According to industry research commissioned by RapidCloud from Frost & Sullivan in 2013, the Cloud Computing industry in Asia Pacific is expected to grow at a CAGR of 49.6% between 2013 and 2015, giving a market size of US45.6 billion by 2015.

RapidCloud International plc was admitted to AIM on 14 August 2013.