HONG KONG,Nov. 28,2024 --iClick Interactive Asia Group Limited ("iClick" or the "Company") (Nasdaq: ICLK),a renowned online marketing and enterprise solutions provider in Asia that empowers worldwide brands with full-stack consumer lifecycle solutions,today announced unaudited financial results for the six months ended June 30,2024.

Six Months Ended June 30,

2024

2023

Percentage

change

(US$ in thousands)

(Unaudited)

Financial Metrics:

Revenue from continuing operations

Marketing Solutions

9,324

12,663

(26)%

Enterprise Solutions

4,896

4,330

13%

Total revenue from continuing operations

14,220

16,993

(16)%

Gross profit from continuing operations

8,096

9,276

(13)%

Net loss from continuing operations

(1,269)

(10,275)

N/M

Net loss from discontinued operations

(5,104)

(18,294)

N/M

Diluted net loss from continuing operations per American Depositary Shares ("ADS")

(0.12)

(1.01)

N/M

Operating Metrics:

Gross billing

23,060

29,983

(23)%

"I am pleased to report that our continuing operations recorded an improvement in gross margin to 56.9% in the first half of 2024 from 54.6% in the first half of 2023,and we saw the increase in enterprise solutions revenue by 13% year-over-year. The Company will continue to focus on improving the financial performance and cash flows,while exploring strategic opportunities for broader business growth.",said Mr. Jian Tang,Chairman,Chief Executive Officer and Co-Founder of iClick.

"We continue monitoring and evaluating operations and market trends proactively in order to optimize our business and enhance profitability. We have recently completed the disposal of our mainland China Enterprise Solutions business and demand side Marketing Solutions business. The results of these businesses are presented under discontinued operations."

First Half Year of 2024 Results on Continuing Operations:

Revenuefor the first half of 2024 was US$14.2 million,compared with US$17.0 million for the first half of 2023. Revenue from Marketing Solutions declined to US$9.3 million for the first half of 2024,compared with US$12.7 million for the first half of 2023. It was resulted from our strategic contraction of lower margin and higher risk businesses,with weaker demand from clients on advertising spending due to uncertainty in the macro-economic environment. Revenue from Enterprise Solutions was US$4.9 million for the first half of 2024,improved from US$4.3 million in the first half of 2023 due to the increasing demand for digital transformation and services.

Gross profitfor the first half of 2024 was US$8.1 million,compared with US$9.3 million for the first half of 2023. With the effort of reducing lower margin and higher risk businesses,and a rising revenue contribution from the higher-margin Enterprise Solutions business,gross profit margin increased to 56.9% for the first half of 2024 from 54.6% for the first half of 2023.

Total operating expenseswere US$12.4 million for the first half of 2024,decreased from US$14.1 million for the first half of 2023. The change was primarily due to our cost optimization execution,which resulted in reduction of staff cost and savings on promotional expenses. The expected credit losses provision of trade receivables was also reduced because of our close monitoring of cash collection.

Net loss from continuing operations was US$1.3million for the first half of 2024,significantly improved from the net loss of US$10.3 million for the first half of 2023,mainly due to no impairment of equity investments in the first half of 2024,which we recorded US$5.6 million in the first half of 2023. Operating loss was reduced by US$0.6 million.

Net loss from continuing operations attributable to the Company's shareholders per basic and diluted ADS for the first half of 2024 wasUS$0.12,compared with a net loss attributable to the Company's shareholders per basic and diluted ADS of US$1.01 for the first half of 2023.

Gross billing1from continuing operations was US$23.1 million for the first half of 2024,compared with US$30.0 million for the first half of 2023,mainly as a result of our continued strategy of reducing lower margin and higher risk businesses,as well as clients' reduced advertising spending.

Net loss from discontinued operations was US$5.1million for the first half of 2024,compared with the net loss of US$18.3 million for the first half of 2023,mainly due to cost optimization,and gain on disposal of discontinued operations amounting to US$2.6million in the first half of 2024.

As of June 30,2024,the continuing operations of the Company had cash and cash equivalents,time deposits and restricted cash of US$70.2 million,compared with US$41.3 million as of December 31,2023.

About iClick Interactive Asia Group Limited

Founded in 2009,iClick Interactive Asia Group Limited (NASDAQ: ICLK) is a renowned online marketing and enterprise solutions provider in Asia. With its leading proprietary technologies,iClick's full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle. For more information,please visit https://ir.i-click.com.

1Gross billing is defined as the aggregate dollar amount that clients pay the Company after deducting rebates paid and discounts given to.

Safe Harbor Statement

This announcement contains forward-looking statements,including those related to the Company's business strategies,operations and financial performance. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934,as amended,and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks,uncertainties and other factors,all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve inherent risks and uncertainties. All information provided in this press release and in the attachments is as of the date of this press release,and the Company undertakes no obligation to update any forward-looking statement,except as required under applicable law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable,it cannot assure you that its expectations will turn out to be correct,and investors are cautioned that actual results may differ materially from the anticipated results.

For investor and media inquiries,please contact:

In China:

In the United States:

iClick Interactive Asia Group Limited

Core IR

Catherine Chau

Tom Caden

Phone: +852 3700 9100

Tel: +1-516-222-2560

E-mail: ir@i-click.com

E-mail: tomc@coreir.com

(financial tables follow)

ICLICK INTERACTIVE ASIA GROUP LIMITED

Unaudited Condensed Consolidated Statements of Comprehensive Loss

(US$'000,except share data and per share data,or otherwise noted,unaudited)

SixMonthsEnded

June30,

2024

2023

Continuing operations

Revenue

14,220

16,993

Cost of revenue

(6,124)

(7,717)

Gross profit

8,096

9,276

Operating expenses

Research and development expenses

(311)

(265)

Sales and marketing expenses

(4,381)

(8,826)

General and administrative expenses

(7,704)

(5,052)

Total operating expenses

(12,396)

(14,143)

Interest expense

(32)

(117)

Interest income

598

591

Other gains/(losses),net

2,560

(5,756)

Loss before income tax expense and share of losses from an equity investee

(1,174)

(10,149)

Share of losses from an equity investee

(37)

(19)

Loss before income tax expense

(1,211)

(10,168)

Income tax expense

(58)

(107)

Net loss from continuing operations

(1,269)

(10,275)

Net loss attributable to non-controlling interests

111

9

Net loss from continuing operations attributable to iClick Interactive Asia Group

Limited's ordinary shareholders

(1,158)

(10,266)

Discontinued operations

Loss from operations of discontinued operations

(7,666)

(18,305)

Income tax (expense)/credit

(23)

11

Gain on disposal of discontinued operations

2,585

-

Net loss from discontinued operations

(5,294)

Net loss attributable to non-controlling interests

32

49

Net loss from discontinued operations attributable to iClick Interactive Asia Group

Limited's ordinary shareholders

(5,072)

(18,245)

Net loss

(6,373)

(28,569)

Net loss attributable to iClick Interactive Asia Group Limited's ordinary

shareholders

(6,230)

(28,511)

Net loss from continuing operations

(1,275)

Other comprehensive loss:

Foreign currency translation adjustment,net of US$nil tax

(13)

(131)

Comprehensive loss from continuing operations

(1,282)

(10,406)

Comprehensive loss from continuing operations attributable to non-controlling

interests

111

49

Comprehensive loss from continuing operations attributable to iClick

Interactive Asia Group Limited's ordinary shareholders

(1,171)

(10,357)

Net loss from discontinued operations

(5,294)

Other comprehensive income:

Foreign currency translation adjustment,net of US$nil tax

-

301

Comprehensive loss from discontinued operations

(5,104)

(17,993)

Comprehensive loss from discontinued operations attributable to non

-controlling interests

32

20

Comprehensive loss from discontinued operations attributable to iClick

Interactive Asia Group Limited's ordinary shareholders

(5,072)

(17,973)

Comprehensive loss attributable to iClick Interactive Asia Group Limited's

ordinary shareholders

(6,243)

(28,330)

Net loss from continuing operations per ADS attributable to iClick Interactive

Asia Group Limited's ordinary shareholders

— Basic

(0.12)

(1.01)

— Diluted

(0.12)

(1.01)

Net loss from discontinued operations per ADS attributable to iClick Interactive

Asia Group Limited's ordinary shareholders

— Basic

(0.51)

(1.79)

— Diluted

(0.51)

(1.79)

Net loss per ADS attributable to iClick Interactive Asia Group Limited's

ordinary shareholders

— Basic

(0.63)

(2.80)

— Diluted

(0.63)

(2.80)

Weighted average number of ADS used in per share calculation:

— Basic

9,955,943

10,178,966

— Diluted

9,966

ICLICK INTERACTIVE ASIA GROUP LIMITED

Unaudited Condensed Consolidated Balance Sheets

(US$'000,unaudited)

As of

June 30,2024

As of

December 31,

2023

Assets

Current assets

Cash and cash equivalents,time deposits and restricted cash

70,239

41,264

Accounts receivable,net of allowance for credit losses of US$1,558 and

US$1,571 as of June 30,2024 and December 31,2023 respectively

11,210

13,535

Other current assets

15,813

11,516

Discontinued operations

54,454

93,488

Total current assets

151,716

159,803

Non-current assets

Other assets

3,727

3,596

Discontinued operations

112

305

Total non-current assets

3,839

3,901

Total assets

155,555

163,704

Liabilities and equity

Current liabilities

Accounts payable

3,310

4,462

Bank borrowings

36,932

1,965

Other current liabilities

23,830

20,200

Discontinued operations

56,607

93,445

Total current liabilities

120,679

120,072

Non-current liabilities

Other liabilities

221

551

Discontinued operations

1,463

1,829

Total non-current liabilities

1,684

2,380

Total liabilities

122,363

122,452

Equity

Ordinary shares – Class A (US$0.001 par value; 80,000,000 shares authorized

as of June 30,2023,respectively; 38,752,446

shares and 44,477,356 shares issued and outstanding as of June 30,2024

and December 31,respectively)

39

45

Ordinary shares – Class B (US$0.001 par value; 20,000 shares authorized as

of June 30,respectively; 5,034,427 shares issued

and outstanding as of June 30,respectively)

5

5

Treasury shares (218,396 shares and 6,398,616 shares as of June 30,respectively)

(39)

(28,656)

Other reserves

31,853

65,731

Total iClick Interactive Asia Group Limited shareholders' equity

31,858

37,125

Non-controlling interests

1,334

4,127

Total equity

33,192

41,252

Total liabilities and equity

155,704