SIM Technology Group Limited — Capital/Financing Update 2021

Jul 9, 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.

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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 (Chapter 571 of the laws of Hong Kong).

The board of directors of SIM Technology Group Limited (“ Company ”, together with its subsidiaries, “ Group ”) hereby announces that the unaudited monthly revenue of the Group as follows:

1. Comparison of revenue with last month

	June 2021	May 2021	Change (%)
	(HK$'million)	(HK$'million)
Revenue from core business	99.7	58.1	+77.7
Revenue from non-core business	6.2	5.9	+5.0
Total unaudited revenue of the Group	105.9	64.0	+65.5

2. Comparison of revenue from core business with same month last year

				June 2021	June 2020	Change (%)
				(HK$'million)	(HK$'million)
Revenue	from	core	business	99.7	147.0_(Note 1)_	-32.2
					131.5_(Note 2)_	-24.2

1. Comparison of total unaudited revenue of the Group for the six months ended 30 June 2021 with same period last year

with sameperiod lastyear
	Six months ended	Six months ended	Change (%)
	30 June 2021	30 June 2020
	(HK$'million)	(HK$'million)
Total unaudited revenue	414.4	389.5_(Note 1)_	+6.4
of the Group		328.6_(Note 2)_	+26.1

Notes:

1. Core business comprising (i) the ODM (original design manufacturer) of handsets and internet of things (“IOT”) terminals business; (ii) the EMS business; and (iii) the IOT system and O2O business.

2. Core business only comprising (i) the ODM (original design manufacturer) of handsets and IOT terminals business; and (ii) the EMS business.

From January 2021 to March 2021, the core business of the Group comprised (i) the ODM (original design manufacturer) of handsets and IOT terminals, (ii) the EMS (electronic manufacturing services) business and (iii) the IOT system and O2O business, and the non-core business of the Group comprised properties management.

Reference is made to the Company’s announcement dated 23 March 2021. The Group’s disposal of 上海雲灝貿易有限公司 (unofficial English translation being Shanghai Yunhao Trading Limited) (which was principally engaged in the IOT system and O2O business) was completed on 6 April 2021. Accordingly, since April 2021, the core business of the Group only comprises (i) the ODM (original design manufacturer) of handsets and IOT terminals and (ii) the EMS (electronic manufacturing services) business and the non-core business of the Group comprises properties management.

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 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 Executive Director

9 July 2021

As at the date of this announcement, the executive directors of the Company are Ms Yeung Man Ying, Mr Wong Cho Tung, Mr Liu Jun and Mr Zhu Wenhui, and the independent non-executive directors of the Company are Mr Liu Hing Hung, Mr Li Minbo and Mr Wu Zhe.

• For identification purposes only