Redco Properties Group Limited — Earnings Release 2020

Aug 5, 2020

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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REDCO PROPERTIES GROUP LIMITED 力高地產集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1622)

POSITIVE PROFIT ALERT

This announcement is made by Redco Properties Group Limited (the “ Company ”, together with its subsidiaries as the “ Group ”) pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board (the “ Board ”) of directors (the “ Directors ”) of the Company wishes to inform the shareholders (the “ Shareholders ”) of the Company and potential investors that, based on the preliminary assessment of the information currently available to the Company and the unaudited consolidated management accounts of the Group for the six months ended 30 June 2020 (the “ Period ”), the profit for the Period (after income tax expense) is expected to record an increase not less than 50% as compared to the corresponding period in 2019. Such increase was mainly attributable to the increase in gross floor area delivered during the Period, resulting in an increase in revenue and a corresponding increase in profit.

The Company is still in the process of finalising the interim results of the Group for the Period. The information contained in this announcement is only based on the preliminary assessment of the information currently available to the Company and the unaudited consolidated management accounts of the Group, which has not been reviewed or audited by the Company’s auditors and may be subject to adjustments. Shareholders and potential investors of the Company should read the announcement of the Company in relation to the interim results of the Group for the Period, which is expected to be published before the end of August 2020.

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

By Order of the Board Redco Properties Group Limited Wong Yeuk Hung Chairman

Hong Kong, 5 August 2020

As at the date of this announcement, the executive directors of the Company are Mr. Wong Yeuk Hung, Mr. Huang Ruoqing and Mr. Tang Chengyong; and the independent non-executive directors of the Company are Dr. Wong Yau Kar, David GBS, BBS, JP, Mr. Chau On Ta Yuen SBS,BBS and Mr. Yip Tai Him.

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