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Sinopec Engineering Group Co Ltd. Earnings Release 2014

Jul 16, 2014

14896_rns_2014-07-16_c8ab6290-861d-4bb9-a28c-3812c7c96333.pdf

Earnings Release

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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.

UNIVERSE INTERNATIONAL HOLDINGS LIMITED 寰宇國際控股有限公司[*]

(Incorporated in Bermuda with limited liability)

(Stock Code: 1046)

PROFIT WARNING

This announcement is made by Universe International Holdings Limited (the “ Company ” and together with its subsidiaries, the “ Group ”) pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

The board of directors of the Company (the “ Board ”) wishes to inform the shareholders of the Company and potential investors that the Group is preparing its financial results for the year ended 30 June 2014. Based on the information currently available, the net loss of the Group for the year ended 30 June 2014 is expected to significantly increase as compared to the net loss of the Group for the corresponding year ended 30 June 2013.

The expected significantly increase in net loss of the Group was mainly due to the Group (i) incurred the fair value loss in issuance of the unlisted warrants by the Group during the year ended 30 June 2014 and (ii) recorded lower gross profit contribution from licensing of newly released films due to the increase in advertising expenses and production costs, while higher gross profit was recorded for the same period last year from licensing of more non-newly released films and television series which had been fully amortized in the previous years, notwithstanding the Group also (iii) recorded the gains arising from the disposal and changes in the fair value of the investment securities and (iv) recorded the gains from the disposal of the entire issued capital in Universe Property Investment Limited and Joy Talent Investment Limited as announced on 10 December 2013.

As the expected sum of the aforesaid factors in (i) and (ii) above will exceed the expected sum of the aforesaid factors in (iii) to (iv) above, the net loss of the Group for the year ended 30 June 2014 is expected to significantly increase as compared to the net loss of the Group for the corresponding year ended 30 June 2013.

  • for identification purposes only

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As the Company is still in the process of finalising the financial results of the Group for the year ended 30 June 2014, the information contained in this announcement is based only on the preliminary assessment by the management according to the information currently available to it and is not based on any figures or information that has been audited or reviewed by the auditors and the audit committee of the Company. The announcement on respect of the financial results of the Group for the year ended 30 June 2014 is expected to be released in late September 2014.

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

As at the date of this announcement, the board of directors of the Company comprises of Mr. Lam Shiu Ming, Daneil, Mr. Yeung Kim Piu, Mr. Hung Cho Sing and Mr. Lam Kit Sun as executive directors of the Company and Mr. Lam Wing Tai, Mr. Choi Wing Koon and Mr. Lam Chi Keung as independent nonexecutive directors of the Company.

By Order of the Board Lam Shiu Ming, Daneil Chairman and Executive Director

Hong Kong, 16 July 2014

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