Wong Kong King International : Financial results of Taiwan Kong King Company Limited for the three months ended 31 March 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.

WONG'S KONG KING INTERNATIONAL (HOLDINGS) LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 532)

ANNOUNCEMENT

ON

FINANCIAL RESULTS OF TAIWAN KONG KING COMPANY LIMITED

FOR THE THREE MONTHS ENDED 31 MARCH 2021

The unaudited combined profit after tax of TKK Group for the three months ended 31 March 2021 was NT$43,953,000 (HK$12,161,795), representing a significant increase of approximately 90.84% compared to the corresponding period in 2020.

This announcement is made pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The board of directors (the "Board") of Wong's Kong King International (Holdings) Limited (the "Company") wishes to announce that its 67% owned subsidiary, Taiwan Kong King Company Limited ("TKK") whose shares are traded on Taiwan GreTai Securities Market, has published its unaudited combined financial results for the three months ended 31 March 2021.

During the three months ended 31 March 2021, the unaudited combined financial results of TKK and its subsidiaries ("TKK Group") were as follows:

	NT$	HK$
Turnover	403,197,000	111,564,610
Trading profit (gross)	130,776,000	36,185,719
Trading profit (net)	64,398,000	17,818,927
Profit before tax	50,886,000	14,080,156
Profit after tax	43,953,000	12,161,795

The unaudited combined profit after tax of TKK Group for the three months ended 31 March 2021 represents a significant increase of approximately 90.84% compared to the corresponding period in 2020.

As at 31 March 2021, the unaudited combined total assets of TKK Group was NT$1,364,555,000 (HK$377,572,369) and the equity attributable to shareholders was NT$987,350,000 (HK$273,199,745).

An overseas regulatory announcement has been published by the Company in the Chinese section of the website of the Stock Exchange. Shareholders should note that the financial results of TKK as disclosed in the overseas regulatory announcement and this announcement were prepared in accordance with International Financial Reporting Standards starting from year 2013.

In this announcement, amounts denominated in New Taiwan dollars (NT$) have been converted into HK$ at the rate of NT$1 = HK$0.2767 for illustration purposes.

By Order of the Board

Wong's Kong King International (Holdings) Limited

Byron Shu-Chan Ho

Director

Hong Kong, 13 May 2021

As at the date of this announcement, the executive directors of the Company are Mr. Senta Wong, Mr. Edward Ying-Chun Tsui, Mr. Byron Shu-Chan Ho, Mr. Bengie Man-Hang Kwong, Mr. Vinci Wong and Mr. Victor Jui-Shum Chang; the non-executive directors are Mr. Hamed Hassan El-Abd and Mr. Hsu Hung Chieh; and the independent non-executive directors are Mr. Philip Wan-Chung Tse, Dr. Leung Kam Fong, Dr. Yip Wai Chun, Mr. Arnold Hin Lin Tse and Mr. Andrew Yiu Wing Lam.