Brightstar Technology Group Co., Ltd — Capital/Financing Update 2022

Aug 17, 2022

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.

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IN TECHNICAL PRODUCTIONS HOLDINGS LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8446)

VOLUNTARY ANNOUNCEMENT INTRA — GROUP LENDING

This is a voluntary announcement made by In Technical Productions Holdings Limited (the ‘‘Company’’, and together with its subsidiaries, the ‘‘Group’’).

The board (the ‘‘Board’’) of directors (the ‘‘Directors’’) of the Company is pleased to announce that the Company, has entered into a loan agreement (the ‘‘Loan Agreement’’) with In Technical Productions Limited (‘‘ITP’’) on 17 August 2022 (after trading hours) for a loan of HK$5,000,000 (the ‘‘Intragroup Loan’’) to ITP, to meet the funding needs of business growth of ITP.

ITP, a wholly-owned subsidiary of the Company, is incorporated in Hong Kong and its principal activities are to provide video display solution services for concerts and events in Hong Kong, Macau, the PRC and Taiwan.

Pursuant to the Loan Agreement, the Intragroup Loan is unsecured, interest free and repayable on demand. The proceeds of the Intragroup Loan will be used for (i) funding ITP’s business development in relation to its video display solution services for concerts and events; and (ii) the general working capital of ITP.

As at the date of this announcement, ITP is wholly owned by the Company. Pursuant to Rule 19.04 of the Rules Governing the Listing of Securities on GEM (the ‘‘GEM Listing Rules’’), since the Intragroup Loan is considered as financial assistance to the subsidiary within the Group, the transaction contemplated under the Intragroup Loan is fully exempted from all reporting and disclosure requirements under Chapter 19 of the GEM Listing Rules.

By order of the Board In Technical Productions Holdings Limited MA Lie

Chairman and Executive Director

Hong Kong, 17 August 2022

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As at the date of this announcement, the executive directors of the Company are Mr. Ma Lie, Mr. Yeung Ho Ting Dennis and Mr. Tam Chun Yu; and the independent non-executive directors are Mr. Chen Yue, Mr. Cui Hai Bin, Mr. Ji Gui Bao and Ms. Jiang Yu E.

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 GEM of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The Directors of the Company, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the website of Stock Exchange (www.hkexnews.hk) on the ‘‘Latest Listed Company Information’’ page for at least 7 days from the date of its posting and will be published on the Company’s website at www.intechproductions.com.

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