Strategic Acquisition of Prince Migration & Education

• Hiremii to acquire 100% of Prince Migration, a profitable migration services company
• Acquisition expands Hiremii's service offerings, geographic footprint, and industry coverage
• Strengthens Hiremii's capabilities in supporting clients with flexible visa and migration solutions

Hiremii Limited (ASX:HMI), a technology-driven full-service recruitment company, announced the acquisition of 100% of the shares in Prince Migration & Education Pty (Ltd), a privately-owned, highly-regarded migration services company based in Melbourne. The acquisition represents a strategic step in expanding Hiremii's service offerings, geographic footprint, and industry coverage. Prince Migration brings established expertise in skilled migration, education-linked migration services, and business and family visas pathways, as well as a complementary client base and an experienced team of migration agents and operational staff. The acquisition positions Hiremii to capture a greater share of the growing migration services market, with Prince Migration benefiting from Hiremii's scale, AI platform, and marketing capabilities. The total consideration payable for the acquisition includes the issuance of Hiremii shares and performance rights linked to Prince Migration's future earnings targets. The acquisition is subject to the satisfaction of certain conditions precedent and is expected to complete in July 2025.

The acquisition of Prince Migration is expected to generate strong earnings growth for Hiremii, with performance rights linked to Prince Migration achieving EBIT targets of $115,000 for the year ended 30 June 2026, $340,000 for the year ended 30 June 2027, and $600,000 for the year ended 30 June 2028.

The acquisition of Prince Migration is expected to significantly strengthen Hiremii's capabilities, particularly at a time when global workforce mobility is increasingly critical to client success. It enhances Hiremii's ability to support clients seeking flexible visa and migration solutions, providing a key competitive advantage as the company continues to compete with larger global players.