Vala Inc. — Regulatory Filings 2021

Mar 24, 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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51 CREDIT CARD INC. 51 信用卡有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2051)

ANNUAL RESULTS OF A SUBSIDIARY CHINA NETCOM TECHNOLOGY HOLDINGS LIMITED FOR THE YEAR ENDED 31 DECEMBER 2020

This announcement is made pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”).

The board (the “ Board ”) of directors (the “ Directors ”) of 51 Credit Card Inc. (the “ Company ”) refers to the announcement dated 23 March 2021 (the “ China Netcom Results Announcement ”) issued by China Netcom Technology Holdings Limited (“ China Netcom ”), a subsidiary of the Company whose shares are listed and traded on GEM of the Stock Exchange (stock code: 8071), in relation to the annual results of China Netcom and its subsidiaries for the year ended 31 December 2020.

In the China Netcom Results Announcement, China Netcom reported that it recorded the following audited results for the year ended 31 December 2020:

• Consolidated revenue from continuing operations of China Netcom of approximately HK$34,626,000 (year ended 31 December 2019: approximately HK$61,500,000 (restated))

• Consolidated loss from continuing and discontinued operations attributable to owners of China Netcom of approximately HK$17,315,000 (year ended 31 December 2019: approximately HK$5,680,000)

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• Basic and diluted loss per share from continuing and discontinued operations of China Netcom of approximately HK0.37 cent (year ended 31 December 2019: approximately HK0.12 cent)

The China Netcom Results Announcement will remain on the “Latest Listed Company Information ” page of the GEM website at www.hkgem.com for a minimum period of 7 days from the date of its publication and on the website of China Netcom at www.irasia.com/listco/hk/chinanetcom.

By Order of the Board 51 Credit Card Inc. Sun Haitao

Chairman and Executive Director

23 March 2021

As at the date of this announcement, the executive Directors are Mr. Sun Haitao, Mr. Zheng Haiguo and Mr. Zhao Ke; the non-executive Directors are Ms. Zou Yunli and Mr. Yu Jin; and the independent non-executive Directors are Mr. Wong Ti, Mr. Ye Xiang and Mr. Xu Xuchu.

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