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SIM Technology Group Limited Capital/Financing Update 2013

Feb 7, 2013

50331_rns_2013-02-07_a14b39cb-3686-40b4-8048-6950af5ebb00.pdf

Capital/Financing Update

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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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SIM TECHNOLOGY GROUP LIMITED 晨訊科技集團有限公司 *

(Incorporated in Bermuda with limited liability)

(Stock code: 2000)

ANNOUNCEMENT

This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of the Securities on The Stock Exchange of Hong Kong Limited and Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571).

The board of directors of SIM Technology Group Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) is pleased to share with the investors and shareholders of the Company that the unaudited monthly revenue of the Group for the month of January 2013 is approximately HK$123.8 million (December 2012: 457.6 million), in which all of the revenue was from sale of handsets, wireless modules and display modules (“ core business ”) (December 2012: HK$317.5 million). The revenue of core business of January 2013 decreased by 61% as compared with that of last month, and decreased by 28.6% as compared with that of the same period last year (January 2012: HK$173.5 million).

The principal activities of the Group are manufacturing, design and development and sale of display modules, handsets and solutions, and wireless communication modules and property development in China.

The above information is extracted from the management accounts of the Group, which have not been reviewed or audited by the auditors of the Company. All information shall be subject to the audited and interim financial information of the Group. Investors and shareholders of the Company are advised not to rely on such information, and the directors of the Company shall not be responsible for any reliance placed thereon. Investors and shareholders of the Company should exercise caution when dealing in the shares of the Company.

By order of the Board SIM Technology Group Limited Wong Cho Tung Director

Hong Kong, 7 February 2013

As at the date of this announcement, the executive directors of the Company are Ms Yeung Man Ying, Mr Wong Cho Tung, Mr Zhang Jianping, Ms Tang Rongrong and Mr Chan Tat Wing, Richard, and the independent non-executive directors of the Company are Mr Liu Hing Hung, Mr Xie Linzhen and Mr Dong Yunting.

  • For identification purposes only