Wang On Group Limited — Capital/Financing Update 2016

Oct 12, 2016

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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POSITIVE PROFIT ALERT

This announcement is made by the Company pursuant to Rule 13.09 of the Listing Rules and Inside Information Provisions under Part XIVA of the SFO.

The Board wishes to inform the shareholders and potential investors of the Company that based on the preliminary review of the draft unaudited consolidated management accounts of the Group for the six months ended 30 September 2016, the Group expects that the profit attributable to owners of the Company for the six months ended 30 September 2016 will increase substantially by over 150% as compared to the corresponding period in 2015.

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

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

The board of directors (the “ Board ”) of Wang On Group Limited (宏安集團有限公司)[*] (the “ Company ” and together with its subsidiaries, the “ Group ”) wishes to inform the shareholders and potential investors of the Company the Group expects that the profit attributable to owners of the Company for the six months ended 30 September 2016 will increase substantially by over 150% as compared to the corresponding period in 2015. Such increase is primarily attributable to, among other things, the gain on bargain purchase of additional interest in Wai Yuen Tong Medicine Holdings Limited, despite there has been a decrease in gross profit contributed from property development projects as there were more properties for sale in the same period in 2015, increase in administrative expenses and decrease in fair value of financial assets at fair value through profit or loss.

* For identification purpose only

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As the Company is still in the course of preparing its interim results for the six months ended 30 September 2016, the information contained in this announcement is only based on the preliminary review of the draft unaudited consolidated management accounts of the Group for the six months ended 30 September 2016 which are yet to be finalised. The unaudited consolidated interim results of the Group for the six months ended 30 September 2016 are expected to be announced by the Company on or before the end of November 2016.

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 WANG ON GROUP LIMITED ( 宏安集團有限公司 )[*] Chan Chun Hong, Thomas Managing Director

Hong Kong, 12 October 2016

As at the date of this announcement, the executive directors of the Company are Mr. Tang Ching Ho, Ms. Yau Yuk Yin and Mr. Chan Chun Hong, Thomas and the independent non-executive directors of the Company are Dr. Lee Peng Fei, Allen, Mr. Wong Chun, Justein, Mr. Siu Yim Kwan, Sidney and Mr. Siu Kam Chau.

• For identification purpose only

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