Sinopec Engineering Group Co Ltd. — Regulatory Filings 2019

Jul 10, 2019

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 ENTERTAINMENT AND CULTURE GROUP COMPANY LIMITED 寰宇娛樂文化集團有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 1046)

UPDATE ON THE ANNUAL FINANCIAL PERFORMANCE

This announcement is made by Universe Entertainment and Culture Group Company Limited (the “ Company ” and 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 (the “ Stock Exchange ”) and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

The board (the “ Board ”) of directors (the “ Directors ”) of the Company wishes to inform the shareholders and potential investors of the Company that the Company is preparing its annual results for the year ended 30th June 2019. Based on the information currently available, the Board noted that:

• (i) the Group had 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$5.3 million for the year ended 30th June 2019 in the securities investments business segment while the Group had 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$108.6 million for the year ended 30th June 2018 in the securities investments business segment;

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• (ii) the Group recorded a gain on disposal of the 202 feature films of approximately HK$182.1 million for the year ended 30th June 2018 (the “ Disposal of Film Library ”) and also recorded directors and staff bonus of approximately HK$35.6 million in connection with the Disposal of Film Library for the year ended 30th June 2018. However, there were no such transactions and directors and staff bonus occurred during the year ended 30th June 2019; and

• (iii) during the year ended 30th June 2018, the Group ceased its business in securities brokerage and margin financing due to deterioration of operating results and financial performance during the year and wrote off the goodwill and trading rights held in the Stock Exchange in relation to this business of approximately HK$28.1 million and approximately HK$11.4 million, respectively. There were no such write off of the goodwill and trading rights occurred during the year ended 30th June 2019.

As the Company is still in the process of finalising the annual results for the year ended 30th June 2019, 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 or the audit committee of the Company. There may be adjustments following review and finalization of the consolidated management accounts of the Group by the Board. The annual results announcement of the Group for the year ended 30th June 2019 is expected to be published in late September 2019.

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

By Order of the Board Universe Entertainment and Culture Group Company Limited Lam Shiu Ming, Daneil Chairman and Executive Director

Hong Kong, 10th July 2019

As at the date of this announcement, the executive Directors are Mr. Lam Shiu Ming, Daneil and Mr. Lam Kit Sun, the non-executive Director is Mr. Hung Cho Sing and the independent non-executive Directors are Mr. Choi Wing Koon, Mr. Lam Chi Keung and Mr. Tang Yiu Wing.

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