Capital VC Limited — Earnings Release 2021

Dec 28, 2021

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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Capital VC Limited 首都創投有限公司

(Incorporated in the Cayman Islands with limited liability and carrying on business in Hong Kong as CNI VC Limited) (Stock Code: 02324)

POSITIVE PROFIT ALERT

This announcement is made by the Company pursuant to Inside Information Provisions under Part XIVA of the SFO and Rule 13.09(2)(a) of the Listing Rules.

The Board wishes to inform the Shareholders and potential investors that, based on the preliminary assessment of the Group’s unaudited management accounts for the year ended 30 September 2021 and information currently available to the Board, the Group is expected that the unaudited consolidated net profit for the year ended 30 September 2021 was recorded, as compared to audited consolidated net loss for the year ended 30 September 2020.

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

This announcement is made by Capital VC Limited (the “ Company ” and together with its subsidiaries, the “ Group ”) pursuant to Inside Information Provisions (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”)) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the “ SFO ”) and Rule 13.09(2)(a) of the Listing Rules.

The board of directors (the “ Board ”) of the Company wishes to inform the shareholders of the Company (the “ Shareholders ”) and potential investors that, based on the preliminary assessment of the Group’s unaudited management accounts for the year ended 30 September 2021 (the “ Current Year ”) and information currently available to the Board, the Group is expected that the unaudited consolidated net profit for the Current Year was recorded as compared to audited consolidated net loss for the year ended 30 September 2020 (the “ Last Year ”) as set out in the 2019/20 annual report of the Company. Such change is mainly attributable to the improving performance of the Group’s listed investments and the decrease in expected credit loss on the Group’s bonds investment and deposits and other receivables recognised in the current year, as compared to the amount recorded in the Last Year. The Group recorded net loss on listed investments of approximately HK$69.8 million in the Last Year, while net gain on listed

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investments of approximately HK$55.4 million was recorded in the Current Year. In relation to the expected credit loss assessment, the Group recognised expected credit loss on bonds investment and deposits and other receivables for approximately HK$40.7 million in the Last Year, while the Group further recognised HK$4.7 million expected credit loss on bonds investment and deposits and other receivables in the Current Year. In addition to the above, taking into account of administrative and other expenses, the Group expects net profit of approximately HK$40 million to HK$60 million would be recognised in the Current Year.

The information contained in this announcement is only based on the preliminary assessment made by the Board with reference to the unaudited management accounts of the Group for the Current Year and information currently available and such information has not been audited or reviewed by the Company’s auditor and is subject to possible adjustments upon their further review. The actual financial results for the Current Year may be different from the information disclosed in this announcement. Shareholders and potential investors are advised to read carefully the final results announcement of the Company for the Current Year which is expected to be issued on 29 December 2021.

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

By Order of the Board Capital VC Limited Chan Cheong Yee Executive Director

Hong Kong, 28 December 2021

As at the date of this announcement, the Board comprises Mr. Kong Fanpeng and Mr. Chan Cheong Yee as executive directors; and Mr. Lee Ming Gin, Ms. Lai Fun Yin and Mr. Cheung Wai Kin as independent non-executive directors.

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