Hypebeast : ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 MARCH 2017

HYPEBEAST LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 08359) ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 MARCH 2017 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ("GEM") OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors. Given the emerging nature of companies listed on GEM, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board of the Stock Exchange and no assurance is given that there will be a liquid market in the securities traded on GEM.

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.

This announcement, for which the directors (the "Directors") of Hypebeast Limited (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 (the "GEM Listing Rules") 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.

The board of Directors of the Company (the "Board") is pleased to present the audited consolidated annual results of the Company and its subsidiaries (collectively referred as the "Group") for the year ended 31 March 2017, together with the audited comparative figures for the year ended 31 March 2016, as follows:

CONSOLIDATED STATEMENT COMPREHENSIVE INCOME For the year ended 31 March 2017	OF	PROFIT OR	LOSS AND		OTHER
NOTES	2017 HK$'000		2016 HK$'000
Revenue	4	217,620		151,863
Cost of revenue	(95,305)		(60,733)
Gross profit	122,315		91,130
Other gain and losses	(756)		(1,402)
Selling and marketing expenses	(48,616)		(31,422)
Administrative and operating expenses	(44,559)		(33,665)
Listing expenses	-		(15,561)
Finance costs	(323)		(293)
Profit before tax	28,061		8,787
Income tax expense	5	(4,756)		(4,571)
Profit and total comprehensive income for the year 6 23,305 4,216
Earnings per share - Basic (HK cent)	7	1.17	0.26

CONSOLIDATED STATEMENT OF FINANCIAL As at 31 March 2017	POSITION
NOTES	2017 HK$'000	2016 HK$'000
Non-current assets Property, plant and equipment	4,640	2,475
Rental deposits Pledged bank deposits	456 -	- 4,051
5,096	6,526
Current assets Inventories	11,817	12,910
Trade and other receivables	9	57,013	40,333
Amount due from a director Pledge bank deposits	- 5,001	3,060 -
Bank balances and cash	67,931	9,179
141,762	65,482
Current liabilities Trade and other payables	10	45,663	32,421
Amount due to a related party	-	122
Bank borrowings - due within one year	5,013	11,292
Tax payable	1,631	2,325
52,307	46,160
Net current assets	89,455	19,322
Total assets less current liabilities	94,551	25,848

NOTES	2017 HK$'000	2016 HK$'000
Non-current liability Deferred tax liabilities	221	97
Net assets	94,330	25,751
Capital and reserves Share capital	11	20,000	1
Share premium	25,275	-
Accumulated profits	49,055	25,750
94,330	25,751