Qeeka Home (Cayman) Inc. — Earnings Release 2019

Mar 6, 2019

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Qeeka Home (Cayman) Inc. 齊屹科技（開曼）有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1739)

POSITIVE PROFIT ALERT

This announcement is made by the board (the “ Board ”) of directors of Qeeka Home (Cayman) Inc. (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to Rule 13.09(2) 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 in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the “ SFO ”).

The Board wishes to inform the shareholders of the Company (the “ Shareholders ”) and potential investors that the Group is expected to record a profit after tax for the year ended December 31, 2018 as compared to a loss after tax of approximately RMB844.9 million for the year ended December 31, 2017, and an adjusted profit after tax from continuing operations[1] for the year ended December 31, 2018 as compared to an adjusted loss after tax from continuing operations of approximately RMB89.3 million for the year ended December 31, 2017, based on a preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended December 31, 2018 and information available to the Board.

The significant improvement of financial condition is primarily due to a rapid increase in revenue derived from online platform of the Company for the year ended December 31, 2018, supported by increases in both platform services and material supply chain, as compared to the year of 2017. Meanwhile, the Company adopted various measures to proactively improve operating efficiency, which in turn enhanced the Company’s profitability.

However, Shareholders and potential investors should note that the Company is still in the process of finalizing the annual results of the Group for the year ended December 31, 2018. The information contained in this announcement is only based on a preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended December 31, 2018 prepared based on the Company’s best estimation and judgements, which have not been reviewed by the Company’s Audit Committee and without taking into account any other possible provisions, which has not been confirmed or audited by the Company’s auditors and may be subject to adjustments. Shareholders and potential investors should carefully read the Group’s annual results announcement for the year ended December 31, 2018 which is expected to be published by the end of March, 2019.

1 Adjusted profit/loss after tax from continuing operations of the Company represents profit/loss after tax from continuing operations for the relevant year, adjusted to exclude the effect of (i) fair value gain/(loss) of preferred shares and convertible liabilities, (ii) accretion charge of liabilities components of preferred shares, (iii) share-based compensation expenses and (iv) listing expenses. Adjusted net profit/loss from continuing operations is not a measure required by, or presented in accordance with, IFRS. The use of adjusted net profit/loss from continuing operations has limitations as an analytical tool, and Shareholders and potential investors should not consider it in isolation from, or as a substitute for analysis of, our results of operations or financial condition as reported under IFRS.

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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 Qeeka Home (Cayman) Inc. Deng Huajin Chairman

Shanghai, the PRC, March 6, 2019

As at the date of this announcement, the Board comprises Mr. Deng Huajin, Mr. Tian Yuan and Mr. Gao Wei as executive Directors; Mr. Li Gabriel, Mr. Sheng Gang and Mr. Wu Haifeng as non-executive Directors; and Mr. Zhang Lihong, Mr. Cao Zhiguang and Mr. Wong Man Chung Francis as independent non-executive Directors.

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