Rego Interactive Co., Ltd — Interim / Quarterly Report 2019

Oct 25, 2019

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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(a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1065)

Third Quarterly Report 2019

1. Important

• 1.1 The board (the “ Board ”) of directors (the “ Directors ”) and the supervisory committee of Tianjin Capital Environmental Protection Group Company Limited (the “ Company ”) and all of its Directors, supervisors and senior management warrant that there are no false information, misleading statements or material omissions in this quarterly report, and accept joint and several responsibilities for the truthfulness, accuracy and completeness of the contents contained in this quarterly report.

• 1.2 Mr. Liu Yujun, the chairman of the Company, Ms. Peng Yilin, the officer in charge of the accounting function, and Mr. Liu Tao, the officer in charge of the accounting department (the chief accountant) have warranted the truthfulness, accuracy and completeness of the financial statements contained in this quarterly report.

• 1.3 The third quarterly report of the Company has not been audited.

1

2. Major Financial Data and Changes in Shareholders of the Company

2.1 Major Financial Data

Unit: 0’000 Currency: RMB

		Unit: 0’0	00 Currency: RMB
	As at the end of this reporting period	As at the end of thepreviousyear	Comparison between the end of this reporting period and the end of the previous year Increase/ decrease(%)
Total assets	1,699,722.0	1,568,744.8	8.35
Net assets attributable to the shareholders of the Company	605,458.5	581,820.3	4.06
	From the beginning of the year to the end of the reporting period (January to September)	From the beginning of the previous year to the end of the corresponding reporting period of the previous year (January to September)	Compared with the same period of the previous year Increase/decrease (%)
Net cash flows from operatingactivities	85,305.7	62,561.7	36.35
Operatingincome	194,069.0	173,048.8	12.15
Net profits attributable to the shareholders of the Company	38,766.8	41,715.3	-7.07
Net profits attributable to the shareholders of the Company after deduction of extraordinaryitems	31,297.0	39,223.1	-20.21
Weighted average return ratio on net assets(%)	6.53	7.70	Decreased by 1.17 percentagepoints
Basic earningsper share(RMB/share)	0.27	0.29	-6.9
Diluted earningsper share(RMB/share)	0.27	0.29	-6.9

2

Extraordinary items and amounts

Unit: 0’000 Currency: RMB

	Unit: 0	’000 Currency: RMB
Items	Amounts for the current period (July to September)	Amounts for the period from the beginning of the year to the end of the reporting period (January to September)
Gain and loss from disposal of non-current assets	4,698.2	4,818.3
Government grants included in profit or loss for the current period other than those closely related to the normal operation of the Company, in compliance with national policies and regulations, as well as the government grants entitled continuously in accordance with certain standard quota orquantitybasis	1,664.9	4,772.1
Other non-operating income and expenditure except for those mentioned above	89.2	-133.8
Impact on minorityinterests(after tax)	-20.0	-48.0
Impact on income tax	-1,457.5	-1,938.8
Total	4,974.8	7,469.8

3

2.2 Total number of shareholders and the shareholdings of the top ten shareholders and the top ten shareholders of circulating shares (or shareholders of non-restricted circulating shares) as at the end of the reporting period

shares) as at the end of the reporting period	shares) as at the end of the reporting period	shares) as at the end of the reporting period	shares) as at the end of the reporting period
Total number of shareholders				83,979, of which 66 were shareholders of H shares
Shareholdings of the top ten shareholders
Name of shareholder(Full name)	Number of shares held at the end of the reporting period (shares)	Percentage of shareholding (%)	Number of restricted shares held (shares)	Pledged or frozen		Nature of shareholder
				Status of shares	Number (shares)
Tianjin Municipal Investment Company Limited(“TMICL”)	715,565,186	50.14	0	None	–	State-owned legalperson
HKSCC Nominees Limited	337,854,810	23.67	0	Unknown	–	Other
Central Huijin Asset Management Ltd.	14,169,800	0.99	0	None	–	State-owned legalperson
Hong Kong Securities Clearing Company Limited	7,868,075	0.55	0	None	–	Other
Agricultural Bank of China Limited - CSI500 Index Open-ended Fund (中證500交易型開放式指數證券 投資基金)	4,728,152	0.33	0	None	–	Other
Zhejiang Jinxin Construction Engineering Co., Ltd. (浙江錦鑫建設工程有限公司)	3,400,500	0.24	0	None	–	Domestic non-state- owned legalperson
Wu Zuojia (吳作佳)	2,241,219	0.16	0	None	–	Domestic natural person
Bank of China Limited - Guangfa China Securities Environmental Protection Industry Index Open-ended Fund (廣發中證環保產業交易型開放式 指數證券投資基金)	2,061,517	0.14	0	None	–	Other
Liu Lichun (劉立春)	1,759,000	0.12	0	None	–	Domestic natural person
Shenyang Railway Coal Group Co., Ltd. (瀋陽鐵道煤炭集團有限公司)	1,500,000	0.11	0	None	–	State-owned legalperson

4

Shareholdings of the top ten shareholders of non-restricted circulating shares

Shareholdings of the top ten shareholders of non-restricted circulating shares	Shareholdings of the top ten shareholders of non-restricted circulating shares	Shareholdings of the top ten shareholders of non-restricted circulating shares	Shareholdings of the top ten shareholders of non-restricted circulating shares
Name of shareholder	Number of non-restricted circulating shares held(shares)	Type and number of shares
		Type	Number(shares)
TMICL	715,565,186	OrdinaryRMB Shares	715,565,186
HKSCC Nominees Limited	337,854,810	H Shares	337,854,810
Central Huijin Asset Management Ltd.	14,169,800	OrdinaryRMB Shares	14,169,800
Hong Kong Securities Clearing CompanyLimited	7,868,075	Ordinary RMB Shares	7,868,075
Agricultural Bank of China Limited -CSI500 Index Open-ended Fund (中證500交易型開放式指數證券 投資基金)	4,728,152	Ordinary RMB Shares	4,728,152
Zhejiang Jinxin Construction Engineering Co., Ltd.(浙江錦鑫建設工程有限公司)	3,400,500	Ordinary RMB Shares	3,400,500
Wu Zuojia(吳作佳)	2,241,219	OrdinaryRMB Shares	2,241,219
Bank of China Limited - Guangfa China Securities Environmental Protection Industry Index Open-ended Fund (廣發中證環保產業交易型開放式 指數證券投資基金)	2,061,517	Ordinary RMB Shares	2,061,517
Liu Lichun(劉立春)	1,759,000	OrdinaryRMB Shares	1,759,000
Shenyang Railway Coal Group Co., Ltd. (瀋陽鐵道煤炭集團有限公司)	1,500,000	Ordinary RMB Shares	1,500,000
Notes on the connected relationship or parties acting in concert among the above shareholders	It is not certain whether there is any connected relationship among the top ten shareholders. It is not certain whether there is any connected relationship between the top ten shareholders of non-restricted circulating shares and the top ten shareholders. Notes: (1) According to the register of members as provided by HKSCC Nominees Limited, those H shares held by it were held on behalf of various clients. There was no client who owned 5% or more interest in the total share capital of the Company. (2) None of the topten shareholders are strategic investors of the Company.

5

3. Major Events

3.1 Description of and reasons for substantial changes in principal financial statement items and financial indicators of the Company

As at 30 September 2019, the Company and its subsidiaries (the “ Group ”) had total assets in the amount of RMB16,997.22 million, representing an increase of RMB1,309.77 million or 8.35% as compared to the end of last year. Total liabilities were RMB9,991.86 million, representing an increase of RMB919.37 million or 10.13% as compared to the end of last year. Equity interest attributable to the shareholders of the Company was RMB6,054.58 million, representing an increase of RMB236.38 million or 4.06% as compared to the end of last year. The realised net profit attributable to the Company for the period from January to September of 2019 was RMB387.67 million, representing a decrease of RMB29.48 million or 7.07% as compared to the same period last year.

Analysis of items with more significant changes is set out below:

Unit: 0’000 Currency: RMB

Items	30 September 2019	31 December 2018	Amount of increase/ decrease	Change	Explanation of change
Prepayments	5,123.90	2,353.10	2,770.80	117.75%	Mainly due to an increase in prepayments for materials in this period
Other receivables	4,990.60	3,616.20	1,374.40	38.01%	Mainly due to the increase in the project tender deposit and the refund-upon-collection tax receivable duringthisperiod
Other current assets	25,998.60	15,668.80	10,329.80	65.93%	Mainly due to increase in input tax of value-added tax to be credited by the Company
Investment properties	2,038.40	8,405.20	-6,366.80	-75.75%	Mainly due to the decrease of external leasing business of the Company’s office building
Construction in progress	35,630.30	15,093.90	20,536.40	136.06%	Mainly due to increased investment in non-franchise projects during this period
Employee remuneration payables	1,608.50	5,394.20	-3,785.70	-70.18%	Mainly due to the payment of year- end bonus provided for in the end of 2018 duringtheperiod
Non-current liabilities due within one year	73,002.70	24,337.00	48,665.70	199.97%	Mainly due to the increase of long- term borrowings due within one year duringthisperiod

6

Items	January to September 2019	January to September 2018	Amount of increase/ decrease	Change	Explanation of change
Credit impairment loss	-9.80	-292.30	282.50	96.65%	Mainly because the collected account receivable for which provisions for asset impairment losses were made in the same period last year is higher than that in the currentperiod
Investment gain	0.00	20.00	-20.00	-100.00%	Mainly because Tianjin Beifang Rencaigang Company Limited*(天 津北方人才港股份有限公司), the invested company of the Company, did not declare dividends for this period due to loss of lastyear
Income from asset disposal	4,818.30	0.00	4,818.30	100.00%	Mainly due to the receipt of arbitration compensation in respect of Tap Water project of Anguo Capital Water Company Limited* (安國創業水務有限公司) in this period
Non-operating expenses	248.60	101.20	147.40	145.65%	Mainly because donation to Xixiaoliang Village(西小良村)in this period is higher than that in the sameperiod lastyear
Income tax expenses	9,023.70	13,401.40	-4,377.70	-32.67%	Mainly due to the decrease of total profit in the current period as compared to that in the last period, on the other hand, because the Company enjoys preferential policies on the income tax of pollution treatment enterprises for third parties according to relevant regulations, thus income tax in the currentperiod decreased
Net cash flows from operating activities	85,305.70	62,561.70	22,744.00	36.35%	Mainly due to the increase of sewage treatment service fee charged in this period as compared to the sameperiod lastyear
Net cash flows from financing activities	181,321.40	269,626.20	-88,304.80	-32.75%	Mainly because the new debt financing this year is lower than that in the sameperiod lastyear
Net increase of cash and cash equivalent	-16,780.20	193,091.50	-209,871.70	-108.69%	Mainly due to the combined influences of cash flow from operatingand financingactivities

7

• 3.2 Progress of major event and its effects as well as the analytical explanation of solutions

□ Applicable √ Not applicable

• 3.3 Commitments that failed to be implemented on time during the reporting period

□ Applicable √ Not applicable

• 3.4 Warning of the prediction that the accumulated net profits from the beginning of the year to the end of the next reporting period may record a loss or substantial changes may have occurred as compared with the same period of the previous year and the reasons

□ Applicable √ Not applicable

By order of the Board Liu Yujun Chairman

Tianjin, the PRC 25 October 2019

As at the date of this announcement, the Board comprises three executive Directors: Mr. Liu Yujun, Ms. Wang Jing and Mr. Niu Bo; three non-executive Directors: Mr. Yu Zhongpeng, Mr. Han Wei and Mr. Si Xiaolong; and three independent non-executive Directors: Mr. Di Xiaofeng, Mr. Guo Yongqing and Mr. Wang Xiangfei.

• For identification purposes only

8

4. APPENDICES

Consolidated Balance Sheet

As at 30 September 2019

Items CURRENT ASSETS: Currency funds Notes receivable Account receivable Prepayments Other receivables Inventories Non-current assets due within one year Other current assets Total current assets NON-CURRENT ASSETS: Long-term receivables Long-term equity investments Ot her investments in equity instruments Investment properties Fixed assets Construction in progress Intangible assets Other non-current assets Total non-current assets Total assets

Unit: ’000 Currency: RMB Balance at the end of the period Balance at the beginning of the year 1,658,600 1,826,201 13,408 10,295 2,286,283 2,081,465 51,239 23,531 49,907 36,162 14,542 13,991 18,615 22,789 259,986 156,688 4,352,580 4,171,122 240,759 253,686 195,000 195,000 2,000 2,000 20,384 84,052 387,675 346,641 356,303 150,939 11,363,276 10,374,827 79,243 109,181 12,644,640 11,516,326 16,997,220 15,687,448

9

Balance at the Balance at the end of the period beginning of the year

Items CURRENT LIABILITIES: Short-term borrowing Account payable Contract liability Employee remuneration payables Tax payables Other payables Including: Interest payables Dividend payables Non-current liabilities due within 1 year Total current liabilities NON-CURRENT LIABILITIES: Long-term borrowings Bonds payable Long-term payables Estimated liabilities Deferred income Deferred income tax liabilities Other non-current liabilities Total non-current liabilities Total liabilities OW NERS’ EQUITY (OR SHAREHOLDERS’ EQUITY) Paid-up capital (or share capital) Capital reserve Surplus reserve Undistributed profit To tal owners’ equity (or shareholders’ equity) attributable to the Company Minority shareholders interest To tal owners’ equity (or shareholders’ equity) To tal liabilities and owners’ equity (or shareholders’ equity)	end of the period 200,000 192,836 546,155 16,085 64,036 1,335,289 45,027 391 730,027 3,084,428 2,539,922 1,797,130 246,494 10,069 2,132,850 142,962 38,000 6,907,427 9,991,855 1,427,228 431,024 517,107 3,679,226 6,054,585 950,780 7,005,365 16,997,220	beginning of the year 200,000 176,398 469,185 53,942 68,893 1,458,045 43,768 1,912 243,369 2,669,832
		2,051,953 1,796,363 266,367 10,069 2,101,085 138,812 38,000 6,402,649 9,072,481
		1,427,228 431,024 517,107 3,442,844 5,818,203
		796,764 6,614,967
		15,687,448

10

Balance Sheet of the Company As at 30 September 2019

Items CURRENT ASSETS: Currency funds Account receivable Prepayments Other receivables Inventories Non-current assets due within one year Other current assets Total current assets NON-CURRENT ASSETS: Long-term receivables Long-term equity investments Ot her investments in equity instruments Investment properties Fixed assets Construction in progress Intangible assets Other non-current assets Total non-current assets Total assets

Unit: ’000 Currency: RMB Balance at the end of the period Balance at the beginning of the year 313,612 595,990 1,710,905 1,687,179 2,776 822 150,183 134,560 5,142 3,992 18,615 22,789 573,795 824,650 2,775,028 3,269,982 240,759 253,686 4,046,748 3,520,705 2,000 2,000 0 63,289 159,539 107,316 4,789 – 4,024,504 4,092,295 82,832 190,519 8,561,171 8,229,810 11,336,199 11,499,792

11

Items CURRENT LIABILITIES: Short-term borrowing Account payable Contract liability Employee remuneration payables Tax payables Other payables Including: Interest payables Dividend payables No n-current liabilities due within 1 year Total current liabilities NON-CURRENT LIABILITIES: Long-term borrowings Bonds payable Long-term payables Estimated liabilities Deferred income Deferred income tax liabilities Other non-current liabilities Total non-current liabilities Total liabilities OWNERS’ EQUITY (OR SHAREHOLDERS’ EQUITY) Paid-up capital (or share capital) Capital reserve Surplus reserve Undistributed profit To tal owners’ equity (or shareholders’ equity) To tal liabilities and owners’ equity (or shareholders’ equity)	Balance at the end of the period 200,000 63,412 27,978 11,662 4,807 644,609 45,027 0 532,049 1,484,517 852,342 1,797,130 246,494 10,069 1,622,792 70,909 290,000 4,889,736 6,374,253 1,427,228 380,788 517,107 2,636,823 4,961,946 11,336,199	Balance at the beginning of the year 200,000 46,500 4,541 24,868 250 961,291 42,974 1,912 81,417 1,318,867 1,318,713 1,796,363 266,367 10,069 1,662,338 67,841 290,000 5,411,691 6,730,558 1,427,228 380,788 517,107 2,444,111 4,769,234 11,499,792

12

Consolidated Income Statement January to September 2019

Unit: ’000 Currency: RMB

			Amount for	Amount for
			the period	the period
			from the	from the
			beginning of	beginning of
			the year to	the previous
			the end of the	year to the end
	Amount for	Amount for	reporting	of the reporting
	the period	the previous	period	period
	(July-	period (July-	(January-	(January-
Items	September)	September)	September)	September)
1. Total operating income	715,974	622,690	1,940,690	1,730,488
Including: Operating income	715,974	622,690	1,940,690	1,730,488
2. Total operating costs	582,545	464,093	1,582,224	1,274,026
Including: Operating costs	491,637	382,266	1,305,997	1,026,078
Tax and surcharges	8,203	7,485	27,110	33,951
Sales expenses	1,477	1,041	3,464	3,771
Administrative expenses	36,422	28,944	104,454	84,575
Re search and development
expenses	1,960	1,929	5,230	6,974
Financial expenses	42,846	42,428	135,969	118,677
Including: Interest expenses	41,477	65,441	148,067	154,023
Interest income	6,006	16,968	16,986	28,214
Add: Other income	32,488	19,984	93,232	109,599
In vestment gain (losses are stated by
“-”)	0	0	0	200
Cr edit impairment loss (losses are
stated by “-”)	0	0	98	2,923
In come from asset disposal (losses are
stated by “-”)	46,982	0	48,183	0
3. Operation profit (losses are stated by “-”)	212,899	178,581	499,979	569,184
Add: Non-operating income	3,047	2,704	5,596	6,803
Less: Non-operating expenses	106	25	2,486	1,012
4. Total profit (total losses are stated by “-”)	215,840	181,260	503,089	574,975
Less: Income tax expenses	34,083	41,786	90,237	134,014
5. Net profit (net losses are stated by “-”)	181,757	139,474	412,852	440,961
(1) Classified by continuity of operations	181,757	139,474	412,852	440,961
1. Ne t profit from continuing operations (net
losses are stated by “-”)	181,757	139,474	412,852	440,961

13

			Amount for	Amount for
			the period	the period
			from the	from the
			beginning of	beginning of
			the year to	the previous
			the end of the	year to the end
	Amount for	Amount for	reporting	of the reporting
	the period	the previous	period	period
	(July-	period (July-	(January-	(January-
Items	September)	September)	September)	September)
2. Ne t profit from discontinued operations (net
losses are stated by “-”)	0	–	–	–
(2) Classified by ownership of the equity	181,757	139,474	412,852	440,961
1. Ne t profit attributable to shareholders of the
Company (net losses are stated by “-”)	169,165	134,588	387,668	417,153
2. Lo ss or profit attributable to minority
shareholders (net losses are stated by “-”)	12,592	4,886	25,184	23,808
6. Other comprehensive income, net of tax	–	–	–	–
7. Total comprehensive income	181,757	139,474	412,852	440,961
To tal comprehensive income attributable to
owners of the Company	169,165	134,588	387,668	417,153
To tal comprehensive income attributable to
minority shareholders	12,592	4,886	25,184	23,808
8. Earnings per share:
(1) Basic earnings per share (RMB/share)	0.12	0.09	0.27	0.29
(2) Diluted earnings per share (RMB/share)	0.12	0.09	0.27	0.29

For the business combination under common control effected in the current period, the net profit recognized by the merged party before the combination was RMB0, and the net profit recognized by the merged party in the previous period was RMB0.

14

Income Statement of the Company January to September 2019

Unit: ’000 Currency: RMB

			Amount for	Amount for
			the period	the period
			from the	from the
			beginning of	beginning of
			the year to	the previous
			the end of the	year to the end
	Amount for	Amount for	reporting	of the reporting
	the period	the previous	period	period
	(July-	period (July-	(January-	(January-
Items	September)	September)	September)	September)
1. Operating income	281,982	269,213	819,940	770,904
Less: Operating costs	193,922	158,383	542,929	409,630
Tax and surcharges	1,181	1,250	6,878	12,441
Administrative expenses	19,670	16,605	57,689	47,810
Financial expenses	30,108	29,677	104,905	88,265
Including: Interest expenses	24,995	44,010	107,142	123,395
Interest income	30,685	12,064	36,770	31,850
Add: Other income	20,744	5,687	54,842	63,236
Investment gain (losses are stated by “-”)	190,638	126,820	209,939	127,020
2. Operation profit (losses are stated by “-”)	248,483	195,805	372,320	403,014
Add: Non-operating income	1,418	33	2,510	47
Less: Non-operating expenses	0	12	2,379	686
3. Total profit (total losses are stated by “-”)	249,901	195,826	372,451	402,375
Less: Income tax expenses	10,070	17,244	28,452	68,831
4. Net profit (net losses are stated by “-”)	239,831	178,582	343,999	333,544
(1) Ne t profit from continuing operations (net
losses are stated by “-”)	239,831	178,582	343,999	333,544
5. Other comprehensive income, net of tax	–	–	–	–
6. Total comprehensive income	239,831	178,582	343,999	333,544
7. Earnings per share:
(1) Basic earnings per share (RMB/share)	0.17	0.13	0.24	0.23
(2) Diluted earnings per share (RMB/share)	0.17	0.13	0.24	0.23

15

Consolidated Cash Flow Statement January to September 2019

Unit: ’000 Currency: RMB

		Amount for the period
	Amount for the period	from the beginning of
	from the beginning of	the previous year to
	the year to the end of	the end of the
	the reporting period	reporting period
Items	(January-September)	(January-September)

1. Cash flows from operating activities:
Ca sh received from sales of goods and
rendering of services	2,032,415	1,709,396
Taxes and levies rebate received	29,520	84,104
Ca sh received relating to other
operating activities	342,886	258,259
Su b-total of cash inflow from operating
activities	2,404,821	2,051,759
Cash paid for goods and services	860,090	646,291
Ca sh paid to and on behalf of employees	248,042	213,071
Payments of taxes and levies	215,844	402,726
Ca sh payments relating to other
operating activities	227,788	164,054
Su b-total of cash outflow from
operating activities	1,551,764	1,426,142
Ne t cash flows from operating activities	853,057	625,617
2. Cash flows from investing activities:
Ca sh received from returns on
investments	0	200
Ne t cash received from disposal of fixed
assets, intangible assets and other
long-term assets	47,515	2,535
Ca sh received relating to other investing
activities	4,274	24,900
Su b-total of cash inflow from investing
activities	51,789	27,635
Ca sh paid to acquire fixed assets,
intangible assets and other long-term
assets	1,885,260	1,220,266
Cash paid for investments	0	600,521
Ca sh paid relating to other investing
activities	3,900	9,102
Su b-total of cash outflow from investing
activities	1,889,160	1,829,889
Ne t cash flows from investing activities	-1,837,371	-1,802,254

16

Items

Amount for the period from the beginning of the year to the end of the reporting period (January-September)

Amount for the period from the beginning of the previous year to the end of the reporting period (January-September)

3. Cash flows from financing activities:
Ca sh received from capital contributions	129,224	79,463
In cluding: Cash received from capital
contribution by minority
shareholders of subsidiaries	129,224	79,463
Cash received from borrowings	1,683,991	1,516,799
Ca sh received relating to other
financing activities	0	1,100,000
Su b-total of cash inflow from financing
activities	1,813,215	2,696,262
Cash paid for repayments of debts	699,121	1,374,917
Ca sh paid for distribution of dividends
and profits or for interest expenses	297,582	107,482
In cluding: Dividends and profits paid to
minority shareholders
by subsidiaries	0	780
Su b-total of cash outflow from
financing activities	996,703	1,482,399
Ne t cash flows from financing activities	816,512	1,213,863
4. Ef fect of foreign exchange rate
changes on cash and cash
equivalents	–	–
5. Ne t increase in cash and cash
equivalents	-167,802	37,226
Add: Ba lance of cash and cash equivalents
at the beginning of period	1,808,543	1,893,689
6. Ba lance of cash and cash equivalents
at the end of period	1,640,741	1,930,915

17

Cash Flow Statement of the Company January to September 2019

Unit: ’000 Currency: RMB

		Amount for the period
	Amount for the period	from the beginning of
	from the beginning of	the previous year to
	the year to the end of	the end of the
	the reporting period	reporting period
Items	(January to September)	(January to September)
1. Cash flows from operating activities:
Ca sh received from sales of goods and
rendering of services	958,466	965,952
Taxes and levies rebate received	9,439	36,791
Ca sh received relating to other
operating activities	1,033,144	495,477
Su b-total of cash inflow from operating
activities	2,001,049	1,498,220
Cash paid for goods and services	430,680	276,718
Ca sh paid to and on behalf of employees	99,445	90,994
Payments of taxes and levies	46,617	152,813
Ca sh payments relating to other
operating activities	855,818	852,513
Su b-total of cash outflow from
operating activities	1,432,560	1,373,038
Ne t cash flows from operating activities	568,489	125,182
2. Cash flows from investing activities:
Ca sh received from disposal of
investments	–	136,900
Ca sh received from returns on
investments	182,770	–
Ne t cash received from disposal of fixed
assets, intangible assets and other
long-term assets	–	86
Ca sh received relating to other investing
activities	–	5,000
Su b-total of cash inflow from investing
activities	182,770	141,986
Ca sh paid to acquire fixed assets,
intangible assets and other long-term
assets	233,357	381,518

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		Amount for the period
	Amount for the period	from the beginning of
	from the beginning of	the previous year to
	the year to the end of	the end of the
	the reporting period	reporting period
Items	(January to September)	(January to September)
Cash paid for investments	526,044	823,906
Ca sh paid relating to other investing
activities	–	9,101
Su b-total of cash outflow from investing
activities	759,401	1,214,525
Ne t cash flows from investing activities	-576,631	-1,072,539
3. Cash flows from financing activities:
Cash received from borrowings	533,629	1,250,000
Ca sh received relating to other
financing activities	–	1,100,000
Su b-total of cash inflow from financing
activities	533,629	2,350,000
Cash paid for repayments of debts	550,000	1,199,000
Ca sh paid for distribution of dividends
and profits or for interest expenses	257,940	86,182
Ca sh paid relating to other financing
activities
Su b-total of cash outflow from
financing activities	807,940	1,285,182
Ne t cash flows from financing activities	-274,311	1,064,818
4. Ef fect of foreign exchange rate
changes on cash or cash equivalents	–	–
5. Ne t increase in cash and cash
equivalents	-282,453	117,461
Add: Ba lance of cash and cash
equivalents at the beginning of
period	586,888	779,808
6. Ba lance of cash and cash equivalents
at the end of period	304,435	897,269

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• 4.2 Adjustment to opening balance of related items in the financial statements for the year of initial adoption due to initial adoption of the new financial instrument standards, new revenue standards and new lease standards

□ Applicable √ Not applicable

• 4.3 Explanations on retrospective adjustments of previously comparative figures due to initial adoption of new financial instrument standards and new lease standards

• Applicable √ Not applicable

• 4.4 Audit Report

• Applicable √ Not applicable

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