iMerchants Limited
菱控有限公司
(incorporated in Hong Kong with limited liability under the Companies Ordinance)
(Stock Code: 8009)

ANNOUNCEMENT

The board of directors (the “Board”) of iMerchants Limited (the “Company”) hereby announces
that a meeting of the Board will be held at Suites 3712-15, 37/F Shell Tower, Times Square, 1
Matheson Street, Causeway Bay, Hong Kong on 14 February 2008 at 4:00 p.m. for the following
purposes:

1. To consider and approve the interim results of the Company and its subsidiaries for the
nine months ended 31 December 2007 and approve the draft announcement of the interim
results to be published on the GEM website and the Company’s website;

2. To consider the payment of an interim dividend, if appropriate;

3. To consider the closure of the Register of Members, if necessary; and

4. To transact any other business.

By order of the Board
Clement Leung Yuen Wing
Company Secretary

Hong Kong, 31 January 2008

The Directors of the Company as at the date of this announcement are as follows:

Executive Directors:
Mr. Leroy Kung Lin Yuen
Ms. Lena Foo

Independent Non-executive Directors:
Mr. Ronny Chow Fan Chim
Mr. Matthew P. Johnston
Mr. Tony Lo Tung Sing

This announcement, for which the directors of the Company collectively and individually accept
full responsibility, includes particulars given in compliance with the Rules Governing the Listing

of Securities on the Growth Enterprise Market of The directors of the Company,
having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, (1)
the information contained in this announcement is accurate and complete in all material respects
and not misleading; (2) there are no other matters the omission of which would make any
statement in this announcement misleading; and (3) all opinions expressed in this announcement
have been arrived at after due and careful consideration and are founded on bases and
assumptions that are fair and reasonable.

This announcement will remain on the GEM website on the “Latest Company Announcements”
page for 7 days from the date of its posting.