Brightstar Technology Group Co., Ltd — Earnings Release 2019

Sep 10, 2018

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)

POSITIVE PROFIT ALERT

This announcement is made by In Technical Productions Holdings Limited (the ‘‘Company’’, and together with its subsidiaries, the ‘‘Group’’) pursuant to Rule 17.10 of the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited (the ‘‘GEM Listing Rules’’) and the Inside Information Provisions (as defined in the GEM Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

The board (the ‘‘Board’’) of directors (the ‘‘Directors’’) of the Company would like to inform the shareholders (the ‘‘Shareholders’’) and potential investors of the Company that, based on the information currently available to the Board and a preliminary assessment by the management of the Company with reference to the unaudited consolidated management accounts of the Group for the three months ended 31 August 2018 (the ‘‘Period’’), it is expected that the Group will record an increase in revenue for the Period by approximately 60% to 70% as compared to that for the same period in 2017; and the profit for the Period will substantially increase by over approximately 210% to 220% as compared to that for the same period in 2017.

The increase in revenue for the Period was mainly due to the increase in the numbers of the pop concerts and other live events, especially in Hong Kong and Macau, undertaken by the Group and the increase in average revenue per show of pop concerts, especially in the People’s Republic of China, undertaken by the Group as compared to the same period in 2017.

The increase in profit for the Period was primarily attributable to (i) the increase in gross profit margin as a result of the increase in revenue and the improvement in the visual display equipment utilization; (ii) the decrease in bank borrowing interest which was in line with the decrease in average bank borrowings during the Period and (iii) the decrease in imputed interest on payable for equipment as such related payables have been fully settled in the financial year ended 31 May 2018.

The Group is still in the process of finalizing the quarterly report for the Period. The information contained in this announcement represents only a preliminary assessment made by the Board based on the information made available to the Board as at the date hereof and is not based on any figures or

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information reviewed by the Company’s auditor or audit committee of the Company. The quarterly results for the Period are subject to review by the audit committee of the Company and are expected to be published on or before 15 October 2018.

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

By order of the Board In Technical Productions Holdings Limited Yeung Ho Ting Dennis Chairman

Hong Kong, 10 September 2018

As at the date of this announcement, the Board comprises two executive Directors, namely, Mr. Yeung Ho Ting Dennis and Mr. Tam Chun Yu; one non-executive Director, namely, Mr. Law Wang Chak Waltery; and three independent non-executive Directors, namely, Mr. Li Kai Sing, Mr. Ma Tsz Chun and Ms. Loh Lai Ping Phillis.

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, 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 ‘‘Latest Company Announcements’’ page of the GEM website (www.hkgem.com) for at least seven days from the date of its posting and on the Company’s website (www.intechproductions.com).

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