Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Crypto Flow Technology Limited Capital/Financing Update 2020

Feb 3, 2020

51323_rns_2020-02-03_567bf5e4-6f09-4762-a531-c535dd03138f.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

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.

==> picture [143 x 48] intentionally omitted <==

Loto Interactive Limited

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 8198)

SUPPLEMENTAL ANNOUNCEMENT

DISCLOSEABLE TRANSACTION FORMATION OF A JOINT VENTURE

Reference is made to the announcement of Loto Interactive Limited (the “ Company ”) dated 23 January 2020 (the “ Announcement ”) in respect of the discloseable transaction in relation to formation of a joint venture. Unless the context otherwise requires, capitalized terms used in this announcement shall have the same meaning as defined in the Announcement.

The JV Partner is jointly controlled by Mr. Jiang Yufei and Mr. Tsai Hsien-Chou, each an Independent Third Party.

Mr. Jiang Yufei is a serial entrepreneur and investor in the mainland China and has established various renowned consumer goods brands in China. He has been engaged in international mergers and acquisitions in the semiconductor industry since 2016. He has expertise in semiconductor industry knowledge, mature experience in corporate governance and capital operations, and extensive network in the Chinese semiconductor field.

Mr. Tsai Hsien-Chou has worked at the display business unit of Quanta Group, Realtek Semiconductor Venture Fund, and Actions Semiconductor Co. Ltd. He has ample knowledge and connections in the semiconductor industry and rich experience in the cross-strait semiconductor industrial chain and technology integration.

By Order of the Board Loto Interactive Limited Wang Bingzhong Chief Executive Officer and Executive Director

Hong Kong, 3 February 2020

As at the date of this announcement, the Board of Directors comprises Ms. Zhang Jing[* ] (Chairman), Mr. Wang Bingzhong[#] (Chief Executive Officer), Ms. Huang Lilan[#] , Mr. Yuan Qiang[*] , Dr. Lu Haitian[+] , Mr. Yan Hao[+] and Mr. Lin Sen[+] .

  • # Executive Director

  • Non-executive Director

  • +

Independent Non-executive Director

1

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 a minimum period of 7 days from the date of its publication and on the Company’s website at www.lotoie.com.

2