CENTRAL DEVELOPMENT HOLDINGS LIMITED 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.
中發展控股有限公司
(incorporated in the Cayman Islands with limited liability)
(Stock Code : 475)This announcement is made by the Company pursuant to Rule 13.09(2)(a) of the Listing Rules and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).
The Board wishes to inform the shareholders of the Company and potential investors that based on further review of the unaudited consolidated management accounts of the Group as of 30 September 2015 and other information currently available to the Board after publication of the Announcement, it is expected that the Group would record a substantial decrease in revenue and an increase in consolidated net loss for the six months ended 30 September 2015.
This announcement is made by Zhong Fa Zhan Holdings Limited (the 'Company') pursuant to Rule 13.09(2)(a) of the Listing Rules and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).
Reference is made to the announcement of the Company dated 25 September 2015 regarding profit warning (the 'Announcement'). Unless otherwise expressly indicated, capital terms used herein shall have the same meanings as ascribed thereto in the Announcement.
The Board wishes to inform the shareholders of the Company and potential investors that based on further review of the unaudited consolidated management accounts of the Group for the six month ended 30 September 2015 and other information currently available to the Board after publication of the Announcement, there is a substantial decrease in revenue in the range of 70% to 80% and an increase in consolidated net loss in the range of 20% to 30% as compared with the corresponding period in last year because of continuous economic slowdown and poor consumption sentiment in the PRC.
The Company is still in the process of finalizing the unaudited consolidated interim results of the Group for the six months ended 30 September 2015 and will be further reviewed by the Company's independent auditors. The information contained in this announcement is only a preliminary assessment by the Board based on the information currently available and the unaudited consolidated management accounts of the Group for the six months ended 30 September 2015, which have neither been reviewed nor audited by the Company's independent auditors and the audit committee of the Company. The full interim results of the Group for the six months ended 30 September 2015 are expected to be released in November 2015. Shareholders of the Company and potential investors are advised to read the interim results for the six months ended 30 September 2015 of the Company when it is published.
By order of the Board
Zhong Fa Zhan Holdings Limited Chan Wing Yuen, HubertChief Executive & Executive Director
Hong Kong, 28 October 2015
As at the date of this announcement, the Board consists of five executive Directors, namely Mr. Wu Hao, Mr. Hu Yangjun, Mr. Hu Yishi, Mr. Chan Wing Yuen, Hubert and Ms. Kwong Wai Man, Karina; a non-executive Director, namely Mr. Li Wei Qi, Jacky; and three independent non-executive Directors, namely Mr. Wu Chi Keung, Mr. Heung Chee Hang, Eric and Ms. Kwok Pui Ha.
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