Basic House New Life Group Limited — Earnings Release 2019

Mar 12, 2020

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

AL Group Limited

利 駿 集 團（香 港）有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8360)

PROFIT WARNING

This announcement is made by AL Group Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to Rule 17.10 of the Rules Governing the Listing of Securities on the GEM of The Stock Exchange of Hong Kong Limited (the “ GEM Listing Rules ”) and the Inside Information Provisions (as defined under the GEM Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board (the “ Board ”) of directors (the “ Directors ”) of the Company wishes to inform the shareholders of the Company (the “ Shareholders ”) and potential investors that, based on a preliminary review of the unaudited consolidated results of the Group for the year ended 31 December 2019 (the “ Year ”), the Group is expected to record an increase in consolidated loss attributable to the owners of the Company for the Year of about 60%, as compared to the loss of HK$35.2 million for the year ended 31 December 2018.

The expected loss for the Year was primarily attributable to (i) an increase in impairment loss on interests in associates; (ii) an increase in impairment loss on goodwill; and (iii) an increase in finance cost due to the issuance of the promissory note by the Group in June 2018 and increase in borrowings during the Year.

As at the date of this announcement, the Group is still in the process of finalizing the consolidated results of the Group for the Year. The information contained in this announcement is only based on the preliminary assessment of the unaudited consolidated management accounts of the Group made by the Board with reference to the information currently available to the Board and is not based on any figure or information which has been audited or reviewed by the auditors of the Company or reviewed by the audit committee of the Board and may be subject to adjustments where necessary.

Shareholders and potential investors are advised to read carefully the results announcement of the Group for the Year, which is expected to be published by 27 March 2020.

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company .

By Order of the Board AL Group Limited Lam Chung Ho Alastair Chairman of the Board and Executive Director

Hong Kong, 12 March 2020

As at the date of this announcement, the executive Directors are Mr. Lam Chung Ho Alastair, Mr. Kwan Tek Sian and Mr. Wong Kang Man; and the independent non-executive Directors are Mr. Tse Chi Shing, Mr. Tse Wai Hei and Mr. Tam Chak Chi.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, 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 or deceptive, and (2) there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the “Latest Company Announcements” page on the GEM website at www.hkgem.com for a minimum period of 7 days from the date of its publication and on the Company’s website at www.AL-Grp.com.