Time Interconnect Technology Limited — Earnings Release 2021

Feb 22, 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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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1729)

POSITIVE PROFIT ALERT

This announcement is made by the board (the “ Board ”) of directors (the “ Directors ”) of Time Interconnect Technology Limited (the “ Company ”, 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 (the “ Listing Rules ”) and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The Board would like to inform the shareholders of the Company (the “ Shareholders ”) and potential investors that, based on the preliminary review of the Group’s unaudited consolidated management accounts for the ten months ended 31 January 2021, the latest order status and other information currently available to the Board, the Group is expected to record an increase of more than 70% in its consolidated net profit for the year ending 31 March 2021 as compared to the consolidated net profit for the year ended 31 March 2020 as disclosed in its 2020 annual report. Such increase was primarily due to the increase in revenue attributable from the networking cable business as a result of the acquisition of Linkz Cables Limited and its subsidiaries in June 2020 (the “ Acquisition ”). For more details of the Acquisition, please refer to the circular of the Company dated 30 March 2020.

To conform with applicable accounting standards in relation to the Acquisition, the comparative consolidated financial information of the Group for the year ended 31 March 2020 has been restated as if the Acquisition had been completed at the beginning of the comparative period. As such, the Group is expected to record an increase in its consolidated net profit of more than 40% for the year ending 31 March 2021 as compared to the restated consolidated net profit for the year ended 31 March 2020. The expected increase in consolidated net profit is mainly attributable to the improvement of profit margin of new 5G products in the telecommunication sector and the increase in revenue from the medical equipment sector and the industrial equipment sector.

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The information contained in this announcement is only based on the information currently available, as well as the Board’s preliminary review and assessment of the Group’s unaudited management accounts for the ten months ended 31 January 2021, which have not been reviewed or audited by the Company’s auditors. The actual results of the Group for the year ending 31 March 2021 may be different from the information disclosed herein. Details of the Group’s performance will be disclosed in the final results announcement of the Group for the year ending 31 March 2021, which is expected to be published before the end of June 2021.

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

By order of the Board Time Interconnect Technology Limited Cua Tin Yin Simon Executive Director and Chief Executive Officer

Hong Kong, 22 February 2021

As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Cua Tin Yin Simon and Mr. Wong Chi Kuen, one non-executive Director, namely Mr. Lo Chung Wai Paul and three independent non-executive Directors, namely Mr. Ho Hin Shun, Mr. Luk Wai Shing and Mr. Chan Chung Shun Eric.

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