Comtec Solar Systems Group Limited — Earnings Release 2018

Mar 12, 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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**UNISPLENDOUR TECHNOLOGY (HOLDINGS) LIMITED 紫光科技（控股）有限公司 ***

(Incorporated in Bermuda with limited liability)

(Stock Code: 365)

EXPECTED DECREASE IN LOSS/ POSITIVE PROFIT ALERT

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

The board of directors of the Company (the “ Board ”) wishes to inform the shareholders of the Company (the “ Shareholders ”) and potential investors that based on the information currently available, the Group is expected to record a consolidated net profit for the year ended 31 December 2017 compared to the consolidated net loss for the year ended 31 December 2016. Such increase in profit was mainly attributable to (i) the Company issued convertible bonds (the “ Convertible Bonds ”) to Unis Technology Strategy Investment Limited on 30 May 2016. The Convertible Bonds are measured at their fair values and the variation of which is included into the profits and losses. A profit of approximately HKD78.40 million which was resulted from the variation of fair value of the Convertible Bonds was recognized by the Company during the period between January 2017 and March 2017. Due to the amendment on the terms and conditions of the Convertible Bonds by the Company on 30 March 2017, the Company stopped recognizing the Convertible Bonds under the original terms and re-recognized the Convertible Bond as compound financial instrument according to the revised terms of the Convertible Bonds and the fair value on the date of amendment. Further information is set out in the note headed “9. Convertible Bonds” in the Company’s announcement dated 4 August 2017 on the unaudited interim results of the Group for the six months ended 30 June 2017; and (ii) a profit of approximately HKD40.83 million was recorded by the financial investment segment.

The Company is still in the process of finalising the annual results of the Group for the year ended 31 December 2017. The information contained in this announcement is only a preliminary assessment by the management of the Company based on information currently available to the Group, including the unaudited consolidated management accounts of the Group for the year ended 31 December 2017. Such information has not been reviewed by the audit committee of the Company and may be subject to

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adjustments or amendments. The annual results of the Group for the year ended 31 December 2017 is expected to be published by the end of March 2018 pursuant to the requirements of the Listing Rules.

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

By Order of the Board Unisplendour Technology (Holdings) Limited Zhang Yadong Chairman

Hong Kong, 12 March 2018

As at the date of this announcement, the directors are Mr. Zhang Yadong, Mr. Xia Yuan and Mr. Zheng Bo as executive directors; Mr. Li Zhongxiang and Mr. Qi Lian as non-executive directors; and Mr. Cui Yuzhi, Mr. Bao Yi and Mr. Ping Fan as independent non-executive directors.

* For identification purposes only

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