Comtec Solar Systems Group Limited — Regulatory Filings 2016

Nov 15, 2016

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)

PROFIT WARNING

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 substantial net loss for the six months ended 30 September 2016, such loss was mainly attributable to:

(i) the increase of provision for impairment of trade receivable as a large amount of trade receivables has become potentially uncollectible due to incompetence management of the management team before the change of controlling shareholder of the Company;

(ii) the inventory losses occurred as a result of over-purchasing of stocks for the brand name production equipment business and the decline of market price overtime due to the misjudgment of market trend of the management team before the change of controlling shareholder of the Company; and the increase of provision for impairment of inventory due to business integration;

(iii) the additional compensation due to personnel integration;

(iv) unfavorable condition of the target market faced by the Group; and

(v) the decline of brand name production equipment business.

The Company is still in the process of finalising the interim results of the Group for the six months ended 30 September 2016. The information contained in this announcement is only based on the preliminary assessment by the management. Such information has not been reviewed and approved by the Company’s audit committee, and the actual results of the Group for the six months ended 30 September 2016 may be different from what is disclosed herein. Further details of the financial information of the Group for the six months ended 30 September 2016 will be published in due course pursuant to the requirements of the Listing Rules.

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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 Qi Lian Chairman

Hong Kong, 15 November 2016

As at the date of this announcement, the Directors are Mr. Qi Lian, Mr. Xia Yuan and Mr. But Tin Fu as executive Directors; Mr. Li Zhongxiang and Mr. Wang Huixuan 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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