China Technology Industry Group Limited — Earnings Release 2021

Jul 26, 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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PROFIT WARNING

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

The board (“ Board ”) of directors (“ Directors ”) of China Technology Industry Group Limited (“ Company ” and together with its subsidiaries, the “ Group ”) wishes to inform the shareholders and potential investors of the Company that, based on information currently available, the Group is expected to record a revenue of approximately RMB9.7 million for the three months ended 30 June 2021 (“ 2021 Q1 ”) representing a decrease in revenue of approximately 88.7% as compared with the revenue of approximately RMB86.2 million for the three months ended 30 June 2020 (“ 2020 Q1 ”). The gross profit margin dropped from approximately 17.3% for 2020 Q1 to approximately 16.7% for 2021 Q1. As a result of the above, it is expected that the Group will record a loss attributable to the owners of the Company for 2021 Q1 of approximately RMB0.5 million, as compared to a profit attributable to owners of the Company for 2020 Q1 of approximately RMB9.1 million.

The decrease in revenue was mainly attributable to the decrease in sales of wind power related products of approximately RMB63.7 million during 2021 Q1, where there was substantial revenue generated therefrom during 2020 Q1 (2020 Q1: RMB73.4 million) and the decrease in solar power related products of approximately RMB12.8 million during 2021 Q1. The slight decrease in gross profit margin was mainly due to the additional design costs for renewable energy products during 2021 Q1 (2020 Q1: Nil). The expected loss attributable to owners of the Company for 2021 Q1 in the amount of approximately RMB0.5 million was mainly attributable to the decrease in revenue and gross profit of the Group during 2021 Q1.

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The information contained in this announcement is only based on the preliminary assessment by the management of the Company and is not based on any figure or information which has been audited or reviewed by the Company’s auditors.

The Company is still in the process of gathering information to finalise the unaudited consolidated results of the Group for 2021 Q1. The information contained in this announcement is thus only based on the preliminary assessment by the management of the Company and is not based on any figure or information which has been audited or reviewed by the Company’s auditors. Shareholders and potential investors of the Company are advised to peruse with care the quarterly results announcement of the Group for 2021 Q1, which is expected to be released in due course.

Shareholders and potential investors of the Company should exercise caution when dealing in the shares of the Company.

By order of the Board China Technology Industry Group Limited Chiu Tung Ping Chairman

Hong Kong, 26 July 2021

As at the date of this announcement, the Board comprises the following Directors.

Executive Directors:

Chiu Tung Ping (Chairman) Yuen Hing Lan Hu Xin Tse Man Kit Keith

Independent non-executive Directors:

Ma Xingqin Shan Jinlan Wang Zhuchen

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 at www.hkgem.com for at least seven days from the date of its publication and on the Company’s website at www.chinatechindgroup.com.

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