Ruihe Data Technology Holdings Limited — Management Reports 2021

Apr 16, 2021

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.

Suoxinda Holdings Limited 索信 達 控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 3680)

PUBLICATION OF UNAUDITED MANAGEMENT ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 AND CONTINUED SUSPENSION OF TRADING

This announcement is made by Suoxinda Holdings Limited (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).

Reference is made to the announcements of the Company dated 30 March 2021, 31 March 2021 and 1 April 2021 (the “ Prior Announcements ”) in relation to, among others, its delay in publication of the 2020 Annual Results. Capitalised terms used herein shall have the same meanings as those defined in the Prior Announcements unless otherwise stated herein.

PUBLICATION OF UNAUDITED MANAGEMENT ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

As disclosed in the Prior Announcements, the release of the 2020 Annual Results was delayed as additional time is required to obtain further information and supporting documents by the Auditor in connection with a payment of HK$8 million service fees made by the Company to a service provider pursuant to a consultancy services agreement entered into between the Company and such service provider. As at the date of this announcement, the IBC is in the course of identifying suitable independent professional adviser for conducting the Investigation. In light of the above, the Auditor is not in a position to commit to a definite timeline about the completion of their audit and issuance of their audit opinion. Accordingly, as at the date of this announcement, the Board is not able

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to determine the expected date of publication of the 2020 Annual Results. The Company will issue further announcement on the expected date of publication of the 2020 Annual Results as and when appropriate in accordance with the requirements of the Listing Rules.

In order to keep the shareholders and potential investors of the Company informed of the Group’s business operation and financial position, the Board would like to provide the shareholders and potential investors of the Company with the preliminary unaudited financial information of the Group for the year ended 31 December 2020 which was extracted from the management accounts of the Group for the year ended 31 December 2020 together with the audited comparative figures for the year ended 31 December 2019.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

	Year ended	Year ended
	31 December	31 December
	2020	2019
	(Unaudited)	(Audited)
	RMB’000	RMB’000
Revenue	330,290	257,915
Cost of sales	(212,698)	(166,321)
Gross profit	117,592	91,594
Selling expenses	(24,798)	(12,738)
Administrative expenses	(53,709)	(48,326)
Research and development expenses	(42,152)	(17,500)
Net impairment losses on financial and contract assets	(15,598)	(5,698)
Other income	13,247	6,040
Other gains, net	433	1,165
Operating (loss)/profit	(4,985)	14,537
Finance income	513	234
Finance costs	(4,763)	(4,296)
Finance costs, net	(4,250)	(4,062)
Share of (losses)/profits of associates	(101)	40
(Loss)/profit before income tax	(9,336)	10,515
Income tax expenses	(806)	(6,391)
(Loss)/profit for the year	(10,142)	4,124

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	Year ended	Year ended
	31 December	31 December
	2020	2019
	(Unaudited)	(Audited)
	RMB’000	RMB’000
Attributable to:
Owners of the Company	(10,538)	4,124
Non-controlling interests	396	—
	(10,142)	4,124
Other comprehensive loss
Items that may be reclassified to profit:
— Currency translation differences	(2,536)	(245)
Total comprehensive (loss)/income for the year, net of tax	(12,678)	3,879
Total comprehensive (loss)/income for the year
attributable to:
Owners of the Company	(13,074)	3,879
Non-controlling interests	396	—
	(12,678)	3,879
(Loss)/earnings per share for (loss)/profit attributable to
owners of the Company
Basic and diluted (loss)/earnings per share (RMB cents)	(2.6)	1.4

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CONSOLIDATED STATEMENT OF FINANCIAL POSITION

ASSETS Non-current assets Property and equipment Intangible assets Right-of-use assets Investment in associates Prepayments Deferred tax asset Current assets Trade receivables Contract assets Prepayments Other financial assets at amortised cost Inventories Pledged bank deposits Cash and cash equivalents Total assets EQUITY Equity attributable to the owners of the Company Share capital Other reserves Retained earnings Non-controlling interests Total equity	As at 31 December 2020 2019 (Unaudited) (Audited) RMB’000 RMB’000 53,007 17,178 54,782 19,536 52,244 5,651 10,339 440 3,368 40,884 1,859 226 175,599 83,915 118,065 51,240 100,828 47,624 2,002 1,983 6,714 3,956 — 3 5,359 6,503 74,184 178,452 307,152 289,761 482,751 373,676 3,597 3,578 201,377 191,719 1,931 14,263 206,905 209,560 11,312 — 218,217 209,560	As at 31 December 2020 2019 (Unaudited) (Audited) RMB’000 RMB’000 53,007 17,178 54,782 19,536 52,244 5,651 10,339 440 3,368 40,884 1,859 226 175,599 83,915 118,065 51,240 100,828 47,624 2,002 1,983 6,714 3,956 — 3 5,359 6,503 74,184 178,452 307,152 289,761 482,751 373,676 3,597 3,578 201,377 191,719 1,931 14,263 206,905 209,560 11,312 — 218,217 209,560
		83,915
		51,240 47,624 1,983 3,956 3 6,503 178,452
		289,761
		373,676
		3,578 191,719 14,263
		209,560 —
		209,560

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LIABILITIES Non-current liabilities Deferred tax liabilities Lease liabilities Other payables Other borrowings Current liabilities Trade payables Accruals and other payables Contract liabilities Current income tax liabilities Lease liabilities Bank and other borrowings Total liabilities Total equity and liabilities Net current assets Total assets less current liabilities	As at 31 December 2020 2019 (Unaudited) (Audited) RMB’000 RMB’000 2,471 — 31,752 3,605 1,574 — — 6,438 35,797 10,043 68,675 41,523 49,996 29,591 1,213 12,789 8,020 7,967 13,510 1,791 87,323 60,412 228,737 154,073 264,534 164,116 482,751 373,676 78,415 135,688 254,014 219,603	As at 31 December 2020 2019 (Unaudited) (Audited) RMB’000 RMB’000 2,471 — 31,752 3,605 1,574 — — 6,438 35,797 10,043 68,675 41,523 49,996 29,591 1,213 12,789 8,020 7,967 13,510 1,791 87,323 60,412 228,737 154,073 264,534 164,116 482,751 373,676 78,415 135,688 254,014 219,603
		10,043
		41,523 29,591 12,789 7,967 1,791 60,412
		154,073
		164,116
		373,676
		135,688
		219,603

Shareholders and potential investors of the Company are reminded that the information contained in this announcement is only based on the preliminary assessment by the Board and the Audit Committee on the unaudited management accounts of the Group for the year ended 31 December 2020, and is not based on any data or information that has been audited or reviewed by the Auditor. The relevant financial information is pending further review by the Company and the Auditor, and will be subject to changes resulting from, among others, further review by the Company and any adjustments that may be made by the Auditor subject to the completion of auditing process. The Board cannot guarantee that the unaudited consolidated financial information set out above truly reflects the financial

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performance and position of the Group and such information might be misleading if any potential adjustments have not been taken into account. Shareholders and potential investors should note that the actual 2020 Annual Results may be significantly different from the disclosure in this announcement.

Shareholders and potential investors of the Company are also cautioned not to unduly rely on the unaudited financial information disclosed above, and should exercise caution when dealing in the securities of the Company.

CONTINUED SUSPENSION OF TRADING

At the request of the Company, trading in the shares of the Company on the Stock Exchange has been suspended with effect from 9:00 a.m. on 1 April 2021. Trading in the shares of the Company will remain suspended until further notice.

By Order of the Board Suoxinda Holdings Limited Song Hongtao Chairman of the Board

Hong Kong, 15 April 2021

As at the date of this announcement, the Board comprises four executive Directors, namely Mr. Song Hongtao, Mr. Wu Xiaohua, Mr. Lam Chun Hung Stanley and Ms. Wang Jing; and three independent non-executive Directors, namely Mr. Tu Xinchun, Ms. Zhang Yahan and Dr. Qiao Zhonghua.

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