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Crypto Flow Technology Limited Regulatory Filings 2021

Jun 21, 2021

51323_rns_2021-06-21_60bb31aa-b132-4589-bbc5-c3d30af5302b.pdf

Regulatory Filings

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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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Loto Interactive Limited

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

INSIDE INFORMATION SUSPENSION OF POWER TO A SUBSIDIARY

This announcement is made by Loto Interactive Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to the requirements of Rule 17.10 of the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited (the “ GEM Listing Rules ”) and the Inside Information Provisions (as defined under the GEM Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Reference is made to the inside information announcement of the Company dated 20 June 2021 (the “ Announcement ”). Unless otherwise defined, capitalised terms used herein will have the same meanings as those used in the Announcement.

Further to the Notice received by the Subsidiary as disclosed in the Announcement, on 21 June 2021, Sichuan Lecai Yuntian Network Technology Co., Ltd.* (四川省樂彩雲天網 絡科技有限公司) (the “ Subsidiary B ”), received a telephone call today from Sichuan Datang International Ganzi Hydropower Development Co., Ltd.* (四川大唐國際甘孜水電 開發有限公司) (the “ Power Company B ”) informing the Subsidiary B that the Power Company B will suspend the supply of power to the Subsidiary B with effect from 6:00 p.m. on 21 June 2021.

The Subsidiary B, a wholly-owned subsidiary of the Company, is a company established in the People’s Republic of China, and principally engaged in provision of comprehensive services including premises, hardware support, power supply, ancillary supervision and management services to the clients. The Subsidiary B is currently operating one of the Company’s big data centres in Sichuan Province, the People’s Republic of China.

The Subsidiary B will suspend its operation accordingly. It is expected that the suspension of operation of the Subsidiary B caused by the power suspension would have an adverse effect on the revenue of the Group, and hence the operating performance of the Group. The board of directors of the Company (the “ Board ”) will actively formulate alternative strategy and explore other direction for business development. The Company will keep its shareholders and its potential investors informed of any significant development of the Group’s businesses as and when appropriate.

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

By Order of the Board Loto Interactive Limited Yan Hao

Chief Executive Officer and Executive Director

Hong Kong, 21 June 2021

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

  • # Executive Director

  • Non-executive Director

  • + Independent Non-executive Director

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.

In this announcement, translated English names of Chinese entities for which no official English translation exists are unofficial translations for identification purposes only, and in the event of any inconsistency between the Chinese names and their English translation, the Chinese names shall prevail.

If there is any inconsistency in this announcement between the Chinese and English versions, the English version shall prevail.

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