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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(Stock Code: 1371) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2016 INTERIM FINANCIAL STATEMENTS

The Board of Directors (the "Board" or the "Directors") of China LotSynergy Holdings Limited (the "Company") hereby presents the unaudited condensed consolidated financial statements of the Company and its subsidiaries (collectively referred to as the "Group") for the six months ended 30 June 2016, together with the comparative unaudited figures for the corresponding periods in 2015, as follows:

Unaudited Six months ended 30 June

Notes

2016

HK$'000

2015

HK$'000

Turnover

2

96,646

522,460

Costs of sales and services

3

(106,355)

(136,608)

(Gross loss)/gross profit

(9,709)

385,852

Other income

4

6,224

16,757

Other gains/(losses) - net

5

8,591

(20,727)

General and administrative expenses

(130,662)

(282,561)

Share option expenses

(9,861)

(22,008)

Operating (loss)/profit

6

(135,417)

77,313

Finance costs

7

(29,313)

(32,702)

Share of losses of joint ventures

(1,436)

(2,687)

(Loss)/Profit before income tax

(166,166)

41,924

Income tax expense

8

(3,182)

(54,785)

Loss for the period

(169,348)

(12,861)

(Loss)/Profit attributable to:

Owners of the Company

(127,825)

(148,072)

Non-controlling interests

(41,523)

135,211

(169,348)

(12,861)

Loss per share attributable to owners of the Company for the period

- basic - HK Cent

9

(1.49)

(1.75)

- diluted - HK Cent 9 (1.49) (1.75)

Unaudited Six months ended 30 June

2016

HK$'000

2015

HK$'000

Loss for the period

(169,348)

(12,861)

Other comprehensive expenses:

Items that may be reclassified to profit or loss

Currency translation differences

-

(188)

Other comprehensive expenses for the period

-

(188)

Total comprehensive expenses for the period

(169,348)

(13,049)

Attributable to:

Owners of the Company

(127,811)

(148,247)

Non-controlling interests

(41,537)

135,198

Total comprehensive expenses for the period

(169,348)

(13,049)

Notes

Unaudited

As at 30 June

2016

HK$'000

Audited

As at 31 December

2015

HK$'000

Non-current assets

Property, plant and equipment

609,717

668,968

Intangible assets

463,057

448,336

Investment in an associate

4,764

4,764

Investments in joint ventures

31,097

32,534

Available-for-sale financial assets

7,142

10,000

Deferred income tax assets

8,402

8,402

1,124,179

1,173,004

Current assets

Inventories

32,032

58,516

Accounts receivable

10

113,579

88,632

Prepayments, deposits and other receivables

583,283

371,134

Financial assets at fair value through profit or loss

448,941

677,466

Cash and bank balances

664,195

792,637

1,842,030

1,988,385

Total assets

2,966,209

3,161,389

Current liabilities

Accounts and bills payable

11

5,734

16,489

Accruals and other payables

68,015

60,278

Amounts due to joint ventures

6,754

6,766

Income tax payable

5,744

1,105

Bank borrowings

533,274

583,038

619,521

667,676

Net current assets

1,222,509

1,320,709

Total assets less current liabilities

2,346,688

2,493,713

China LotSynergy Holdings Ltd. published this content on 25 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 August 2016 13:29:03 UTC.

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