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Web3 Meta Limited — Earnings Release 2018
Sep 10, 2018
51265_rns_2018-09-10_91635d7f-996a-4e30-be13-9a896b1e360f.pdf
Earnings Release
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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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MILLION STARS HOLDINGS LIMITED
萬 星 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 8093)
POSITIVE PROFIT ALERT
This announcement is made by Million Stars Holdings Limited (the “ Company ”, together with its subsidiaries as the “ Group ”) pursuant to Rule 17.10 of the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited (the “ GEM Listing Rules ”) and the Inside Information Provisions (as defined under the GEM Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The board (the “ Board ”) of directors (the “ Directors ”) of the Company wishes to inform the shareholders of the Company (the “ Shareholders ”) and potential investors that based on the preliminary review of the unaudited condensed consolidated results (the “ 2017/2018 Annual Results ”) of the Group for the financial year ended 30 June 2018 (the “ 2017/2018 Financial Year ”), the Group expects to record a profit attributable to owners for the 2017/2018 Financial Year of more than HK$150 million as compared to a loss attributable to owners for the financial year ended 30 June 2017 of approximately HK$2.8 million. The expected profit is mainly attributable to the revenue growth and improved profit margins of the new business segment of our Group, namely, provision of internet advertising design and agency business segment.
As at the date hereof, the Group is still in the process of finalising its 2017/2018 Annual Results. The information contained in this announcement is only based on the preliminary assessment made by the Board with reference to the information currently available to the Board and is not based on any figure or information which has been audited or reviewed by the auditors of the Company, and reviewed by the audit committee of the Board. The finalised 2017/2018 Annual Results are expected to be published by the end of September 2018.
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Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.
By Order of the Board Million Stars Holdings Limited Zhu Yongjun Chairman
Hong Kong, 10 September 2018
As at the date of this announcement, the Board comprises: Mr. Zhu Yongjun, Ms. Wang Fei and Ms. Tian Yuan as executive Directors; Mr. Chong Ka Yee as non-executive Director; and Mr. Chen Ce, Ms. Chen Feng and Mr. Gao Shuo as independent non-executive Directors.
This announcement, for which the Directors of the Company collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
This announcement will remain on the GEM website at http://www.hkgem.com on the “Latest Company Announcements” page for at least 7 days from the day of its publication and on the website of the Company at http://www.millionstars.hk.
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