Sing Lee Software (Group) Limited — Regulatory Filings 2017

Jul 31, 2017

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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(Incorporated in the Bermuda with limited liability)

(Stock Code: 8076)

PROFIT WARNING

This announcement is made by the Company pursuant to Rule 17.10(2) of the GEM Listing Rules and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571).

The Board wishes to inform the shareholders of the Company and potential investors that it is expected that the consolidated losses of the Group for the six months ended 30 June 2017 may increase from its results of previous corresponding period of unaudited consolidated losses of approximately RMB7,196,000.

Shareholders of the Company and potential investors should exercise caution when dealing in the shares of the Company.

This announcement is made by the board (the “ Board ”) of directors (the “ Directors ”) of the Sing Lee Software (Group) Limited (the “ Company ”) and its subsidiaries (the “ Group ”) pursuant to Rule 17.10(2) of the Rules Governing the Listing of Securities on the Growth Enterprise Market (the “ GEM Listing Rules ”) of the Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571).

After preliminary review by the Company’s management based on the management accounts of the Company, the Directors of the Company wishes to inform the shareholders of the Company and the potential investors that it is expected that the consolidated losses of the Group for the six months ended 30 June 2017 may increase from its results of previous corresponding period of unaudited consolidated losses of approximately RMB7,196,000, principally due to a combination of the followings:

* For identification purpose only

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(i) the decrease in revenue for the six months ended 30 June 2017; (ii) the increase in share-based payment arising from the grant of share option in April 2017 recorded for the six months ended 30 June 2017; and (iii) the increase in staff cost for the six months ended 30 June 2017 due to expansion of businesses.

Despite the unaudited results of the Group for the six months ended 30 June 2017 is expected to record a loss, the Board considers that the Group’s overall financial positions are healthy and the Board remains positive on the prospects of the Group. The Board would like to emphasize that the Group’s financial positions remain stable and has sufficient cash resources to meet its present and future cash flow requirements. The Board will constantly keep reviewing the Group’s strategies and operations with a view to improve its business performance and Company’s shareholders’ return.

The information as contained in this announcement is only based on the preliminary assessment by the Company’s management according to the management accounts of the Company. Shareholders of the Company and the potential investors should read the Company’s results announcement for the six months ended 30 June 2017 carefully, which is expected to be published on 11 August 2017.

Shareholders of the Company and potential investors should exercise caution when dealing in the shares of the Company.

By Order of the Board

Sing Lee Software (Group) Limited Hung Yung Lai Chairman

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As at the date of this announcement, the Board Comprises of:

Hung Yung Lai ( Executive Director )

Hung Ying ( Executive Director ) Lin Xue Xin ( Executive Director )

Cui Jian ( Executive Director )

Pao Ping Wing ( Independent Non-Executive Director ) Thomas Tam ( Independent Non-Executive Director ) Lo King Man ( Independent Non-Executive Director )

Hong Kong, 31 July 2017

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules of the Stock Exchange for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

The announcement will remain on the GEM website at http://www.hkgem.com on the “Latest Company Announcements” page for at least 7 days from the date of its posting and will be published on the website of the Company (http://www.singlee.com.cn).

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