Sinopec Engineering Group Co Ltd. — Regulatory Filings 2017

Sep 21, 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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UNIVERSE INTERNATIONAL FINANCIAL HOLDINGS LIMITED 寰宇國際金融控股有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 1046)

UPDATE ON THE ANNUAL FINANCIAL PERFORMANCE – ADDITIONAL INFORMATION

This announcement is made by Universe International Financial 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 and the provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

Reference is made to the announcement of the Company dated 4 July 2017 (the “ First Announcement ”) in which the Company announced that the Group had recorded a fair value gain arising from the change in fair value of financial assets at fair value through profit or loss of approximately HK$12.7 million for the year ended 30 June 2017 while the Group recorded a fair value loss arising from the change in fair value of financial assets at fair value through profit or loss of approximately HK$143.6 million for the year ended 30 June 2016, which was the principal cause of the Group’s overall audited loss for the year ended 2016.

Reference is also made to the announcement of the Company dated 4 August 2017 (the “ Second Announcement ”) in which the Company announced that the Company had been informed by a fund manager of one of its unlisted available-for-sale financial assets that such investment has incurred losses and the estimated impairment loss of available-for-sale financial assets amounted to a significant amount (currently estimated to be approximately HK$48.02 million, including a loss of HK$44.3 million recorded in the Company's unaudited interim financial results for the six months ended 31 December 2016) as at 30 June 2017.

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The board (the “ Board ”) of directors (the “ Directors ”) of the Company wishes to inform the shareholders and potential investors of the Company that in addition to the information set out in the First Announcement and the Second Announcement, the Group is expected to incur (i) impairment losses on the available-for-sale financial assets in respect of two listed securities of approximately HK$40.0 million (2016: Nil); and (ii) impairment losses on the goodwill attributable to the trading, wholesaling and retailing of optical products, watches and jewellery products business segment of approximately HK$23.0 million (2016: approximately HK$24.4 million).

As the Company is still in the process of finalising the annual results for the year ended 30 June 2017, the information contained in the First Announcement, the Second Announcement and 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 or the audit committee of the Company and may be subject to change.

Shareholders and potential investors of the Company are advised to refer to the annual results announcement of the Group for the year ended 30 June 2017 which is expected to be published on 29 September 2017.

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

On behalf of the Board Universe International Financial Holdings Limited Lam Shiu Ming, Daneil Chairman and Executive Director

Hong Kong, 21 September 2017

As at the date of this announcement, the executive Directors are Mr. Lam Shiu Ming, Daneil, and Mr. Lam Kit Sun, and the independent non-executive Directors are Mr. Choi Wing Koon, Mr. Lam Chi Keung and Ms. Cheng Lo Yee.

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