Crypto Flow Technology Limited — Earnings Release 2024

Mar 13, 2025

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.

Crypto Flow

Crypto Flow Technology Limited

加幂科技有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8198)

INSIDE INFORMATION

REDUCTION OF LOSS

This announcement is made by Crypto Flow Technology Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 17.10(2) of the Rules Governing the Listing of Securities on GEM (the "GEM Listing Rules") of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the Inside Information Provisions (as defined under the GEM Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

The board (the "Board") of directors (the "Directors") of the Company wishes to inform the shareholders of the Company (the "Shareholders") and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2024 (the "Year") and other information currently available to the Board, the Group is expected to record a reduction in the loss attributable to the Shareholders from approximately HK$30.5 million for the year ended 31 December 2023 to the loss attributable to the Shareholders within the range from HK$12 million to HK$16 million recorded for the Year.

The expected reduction in loss is mainly attributable to the decrease in provision under expected credit loss model on loan and interest receivables, trade receivables and other receivables mainly due to the repayment of loan principals and accrued interest and reduction of accounts receivables.

The Company is still in the process of finalising the annual results for the Year. The financial information contained in this announcement is only based on the preliminary assessment made by the Board with reference to the information currently available, including the unaudited consolidated management accounts of the Group for the Year and other information currently available as at the date hereof. The above financial information has not been audited by the external auditors of the Company, nor reviewed by the audit committee of the Company. The Group's actual results may be subject to further changes and adjustments. The Company will make further announcement(s) to provide updates on a timely basis as and when necessary.

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Shareholders and potential investors are advised to refer to the annual results announcement of the Company for the Year, which is expected to be published by the end of March 2025.

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

By order of the Board
Crypto Flow Technology Limited
Li Hongbin
Chairman

Hong Kong, 13 March 2025

As at the date of this announcement, the executive Directors are Mr. Li Hongbin, Mr. Huang Yibin and Ms. Xiong Jiayan; and the independent non-executive Directors are Mr. Sun Yuqiang, Mr. Chu, Howard Ho Hwa and Mr. Tong, I Tony.

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 Listed Company Information" page of the Stock Exchange's website at www.hkexnews.hk for at least 7 days from the date of its publication and on the Company's website at www.cryptoflowhk.com.

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