KUALA LUMPUR, MALAYSIA / ACCESSWIRE / March 6, 2023 / AsiaFIN Holdings Corp.
(OTC PINK:ASFH), is pleased to announce the completion of the previously
announced acquisition on December 23, 2022 of StarFIN Holdings Limited
(StarFIN) and its wholly owned subsidiaries namely StarFIN Asia Sdn Bhd (SFA),
Insite MY Systems Sdn Bhd (IMS), Insite MY Innovations Sdn Bhd (IMI),
OrangeFIN Asia Sdn Bhd (OrangeFIN) and OrangeFIN Academy Sdn Bhd (“OrangeFIN
Academy”). The issuance and transfer of 8,232,038 ASFH new common stocks to
the shareholders of StarFIN was completed on the 23^rd February 2023.

https://www.sec.gov/ix?doc=/Archives/edgar/
data/1828748/000149315223006662/form8-ka.htm

With the completion of this acquisition, AsiaFIN shall have around 100 staff
in Asia servicing the customers and partners in the Asia region. StarFIN
recorded revenues of US$3,161,892 and US$ 2,854,319 for financial year ending
2021 and 2022 respectively. Net Profit after tax was recorded as US$430,738
and US$ 320,040 for financial year ending 2021 and 2022 respectively.

Robin Hoo, CEO of StarFIN said, “Together with AsiaFIN, we look forward to
achieving more innovation and growth in our services and areas of expertise,
thus ultimately creating more value for our customers, partners, and
stakeholders.”

AsiaFIN CEO, KC Wong said, “We will continue to grow in the Asia market as the
Financial Ecosystem Enabler with new initiative like SaaS Regtech, XBRL
compliance, ESG reporting, AI based RPA and Check21 compliant cheque
truncation clearing system. Growth in these areas can be achieved, both
organically or via acquisition, with like-minded partners and customers.”

Enquiries:

AsiaFIN Holdings Corp.

Wong Kai Cheong, Chief Executive Officer
Email: kcwong@asiafingroup.com

D r. Seah Kok Wah, Director
Email: seanseah@asiafingroup.com

About AsiaFIN Holdings Corp.

AsiaFIN Holdings Corp., a Nevada Corporation, operates through its wholly
owned Malaysia, Hong Kong and the newly acquired StarFIN Holdings Ltd BVI
subsidiaries. The company’s mission is to become the “financial ecosystem
enabler” through its solutions in Payment Processing, Regulatory Technology
(REGTECH), Robotic Process Automation (RPA) and Unattended Payment Kiosks that
help to facilitate the business operations, and assist with system
integration, for merchants and entrepreneurs in Asia. For further information
regarding the company, please visit https://asiafingroup.com

About StarFIN Holdings Ltd.

StarFIN Holdings Ltd, a company registered in British Virgin Islands, is the
holding company of six companies that are registered in Malaysia, namely
StarFIN Asia Sdn Bhd (SFA), Insite MY Systems Sdn Bhd (IMS), Insite MY
Innovations Sdn Bhd (IMI), OrangeFIN Asia Sdn Bhd (OrangeFIN), OrangeFIN
Academy Sdn Bhd (OrangeFIN Academy)and Murni StarFIN Sdn Bhd(Murni StarFIN).
IMS provides solutions to financial institutions in Asia for cheque clearing
and online payments processing. IMI provides regulatory technology (REGTECH)
for reporting entities and financial institutions. OrangeFIN is a provider of
AI-powered Robotic Process Automations (RPA) solutions for financial
institutions, large corporations and small medium enterprises. OrangeFIN
Academy provides accredited training courses for OrangeFIN customers. Murni
StarFIN is a joint venture company between Pt MURNI SOLUSINDO NUSANTARA, a
company established in Indonesia, and SFA. For further information please
visit https://www.insitemy.com and https://www.orangefinasia.com

Forward Looking Statement

This press release contains forward-looking statements that involve risk and
uncertainties involving the use of words such as “plans,” “would be,” “will
allow,” “intends to,” “may result,” “are expected to,” “will continue,”
“anticipates,” “expects,” “estimate,” “project,” “indicate,” “could,”
“potentially,” “should,” “believe,” “think,” “considers” or similar
expressions are intended to identify “forward-looking statements”. Investors
should be aware that all forward-looking statements contained within this
press release are good faith estimates of management as of the date that this
press release is prepared based on current expectations that involve known and
unknown risks. Our actual results could differ materially from those
anticipated in these forward-looking statements for numerous reasons as
described in the company website.

SOURCE: ASIAFIN HOLDINGS CORP

Source on Bloomberg: https://www.bloomberg.com/press-releases/2023-03-06/asiafin-holdings-corp-asfh-completes-acquisition-of-starfin-holdings-limited

View source version on accesswire.com:
https://www.accesswire.com/742093/AsiaFIN-
Holdings-Corp-ASFH-completes-acquisition-of-StarFIN-Holdings-Limited