Future World Holdings Limited — Earnings Release 2021

Aug 9, 2021

Hong Kong Exchanges and Clearings 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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FUTURE WORLD HOLDINGS LIMITED 未來世界控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 572)

POSITIVE PROFIT ALERT

This announcement is made by Future World Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) in accordance with Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) concerning disclosure of inside information and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The Board of Directors (the “ Board ”) of the Company wishes to inform the shareholders (the “ Shareholders ”) and potential investors of the Company that based on the unaudited consolidated management accounts of the Group and the information currently available to the Company, the Group is expected to record a net profit attributable to the Shareholders of the Company of not less than HKD3.5 million for the six months ended 30 June 2021, as compared with a net loss attributable to the Shareholders of the Company of approximately HKD43.2 million for the corresponding period in 2020. The expected turnaround in profit is mainly attributable to (i) decrease in share option share-based payment expenses from HKD17.5 million to HKD1.5 million; (ii) revaluation profit of approximately HKD13.2 million arising from change in fair value of investment properties as compared to revaluation loss of approximately HKD3.1 million for the corresponding period in 2020; (iii) decrease in net realised loss on investment at fair value through profit and loss of approximately HKD11.4 million; and (iv) decrease of credit loss allowances on loan and interest receivables of approximately HKD5.2 million.

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The Company is still in the process of finalising the consolidated results of the Group for the six months ended 30 June 2021. This positive profit alert is only an assessment by the Board based on the information currently available, which has not been reviewed nor audited by the Company’s auditor or the audit committee of the Board. Shareholders and potential investors of the Company are advised to read carefully the announcement of the Company in relation to the results of the Group for the six months ended 30 June 2021, which is expected to be released in late August 2021.

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

By order of the Board Future World Holdings Limited Liang Jian Chairman

Hong Kong, 9 August 2021

As at the date of this announcement, the Board comprises (i) seven executive Directors, namely Mr. Liang Jian, Mr. Yu Zhenzhong, Mr. Cai Linzhan, Mr. Lau Fai Lawrence, Mr. Siu Yun Fat, Mr. Wang Fei and Mr. Yu Qingrui; and (ii) four independent non-executive Directors, namely Mr. Chen Pei, Mr. Siu Siu Ling, Robert, Mr. Tam Tak Wah and Mr. Zheng Zongjia.

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