S E A Holdings Limited — Earnings Release 2022

Aug 15, 2022

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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S E A HOLDINGS LIMITED

爪 哇 控 股 有 限 公 司 *****

（ Incorporated in Bermuda with limited liability ） (Stock Code ： 251)

PROFIT WARNING

This announcement is made by S E A Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to Rule 13.09 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 board of directors of the Company (the “ Board ”) wishes to inform the shareholders of the Company (the “ Shareholders ”) and potential investors that based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2022, the Group expects to record a loss in the region of HK$70 million for the six months ended 30 June 2022, as compared to the net profit of approximately HK$66 million for the corresponding period in 2021. The expected change from profit to loss is principally attributable to the decline in return from financial investments and the absence of fair value gain on investment properties in the current period while a fair value gain on investment properties of HK$72 million was recorded for the six months ended 30 June 2021.

Notwithstanding the above information, the overall operation, financial position and cash flow condition of the Group remain healthy.

The Company is still in the process of finalising the interim results for the six months ended 30 June 2022. The information contained in this announcement is only a preliminary assessment made by the Board based on the figures and information currently available, which have not been reviewed by the Company’s independent auditor and the audit committee of the Company. The unaudited interim results of the Group for the six months ended 30 June 2022 are expected to be published in August 2022.

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

By Order of the Board S E A Holdings Limited Lu Wing Chi, Jesse Chairman

Hong Kong, 15 August 2022

* For identification purpose only

The directors of the Company at the date of this announcement are:

Executive Directors: Mr. Lu Wing Chi, Jesse (Chairman) Mr. Lambert Lu (Chief Executive) Mr. Yap Shee Liam (Chief Financial Officer)

Independent Non-executive Directors: Mr. Walujo Santoso, Wally Mr. Chung Pui Lam Mr. Chan Kwok Wai Mr. Lo Wai Tung Welman