Century Sunshine : Announcements and Notices - Voluntary Disclosure 2017 Third Quarter Operational Performance

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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 509)

VOLUNTARY DISCLOSURE

2017 THIRD QUARTER OPERATIONAL PERFORMANCE

Century Sunshine Group Holdings Limited (the "Company") and its subsidiaries (collectively, the "Group") are pleased to provide a voluntary disclosure on the unaudited key operational data, for the nine months ended 30 September 2017 (the "Third Quarter").

Information in this announcement was based on the preliminary assessment of the Group's management accounts which had not been reviewed or audited by the auditors of the Company. The unaudited key operational data in this announcement should be read in conjunction with the Group's latest annual report and interim report. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

UNAUDITED QUARTERLY OPERATIONAL PERFORMANCE

Key operational data

Unaudited key operational data for the nine months ended 30 September 2017, together with the comparative figures for the corresponding period in 2016, are as follows. Main products listed below contributed over 89% of the Group's total revenue for the nine month period ended 30 September 2017.

(a) Sales volume of major products:

2017

2016

Tonnes

Tonnes

Increased %

Fertiliser business Magnesium product business

719,003 36,418

510,593 40.8

26,536 37.2

(b) Average selling price of major products:

2017 per tonne

2016 Decreased

per tonne

HK$

HK$

%

Fertiliser business Magnesium product business

2,033 22,859

2,060 (1.3)

25,213 (9.3)

Note:

Decrease in the average selling price of the fertiliser and magnesium product businesses were mainly due to the depreciation of Reminbi against Hong Kong dollars and fluctuation in commodity price as compered with corresponding period last year.

Note:

Decrease in gross profit margins mainly due to the change in product mix, resulting from increased sale volume of compound fertilisers after acquisition of Shandong Hongri and increased sale volume of basic magnesium product from capacity increment of Xinjiang production base as compared with last year corresponding period.

Information in this announcement was based on the preliminary assessment of the Group's management accounts which had not been reviewed or audited by the auditors of the Company. The unaudited key operational data in this announcement should be read in conjunction with the Group's latest annual report and interim report. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board

Century Sunshine Group Holdings Limited

Chi Wen Fu

Chairman

Hong Kong, 18 December 2017

As at the date of this announcement, the directors of the Company are: