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CHINA FINANCIAL LEASING GROUP LIMITED
中 國 金 融 租 賃 集 團 有 限 公 司 *
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 2312)
SUPPLEMENTAL ANNOUNCEMENT
IN RELATION TO 2019 ANNUAL REPORT
Reference is made to the annual report ("2019 Annual Report") of China Financial Leasing Group Limited (the "Company") and its subsidiaries (collectively the "Group") for the year ended 31 December 2019 published on 23 April 2020. The board (the "Board") of directors (the "Directors") of the Company would like to provide additional information in respect of the Group's investments as disclosed in 2019 Annual Report, as follows:
EQUITY INVESTMENTS
As at 31 December 2019, the Group held financial assets at fair value through profit or loss of approximately HK$81,137,000. Listed below are the particulars of the Group's major listed and unlisted equity securities:
For the year ended | ||||||||||||
As at 31 December 2019 | 31 December 2019 | |||||||||||
Number | ||||||||||||
of shares/ | ||||||||||||
percentage | Market | Realised | Unrealised | |||||||||
of interests | Market | value/ | Sales | profit/ | profit/ | Fair value | ||||||
Name of investees | held | Cost | prices | fair value | proceeds | (loss) | (loss) | gain/(loss) | ||||
(HK'000) | (HK$) | (HK'000) | (HK'000) | (HK'000) | (HK'000) | (HK'000) | ||||||
Listed equity securities | ||||||||||||
(a) | Future Bright Mining Holdings Limited (2212) | 177,600,000 | 32,894 | 0.075 | 13,320 | 698 | (1,168) | (6,002) | (7,170) | |||
(b) | Miji International Holdings Limited (1715) | 41,650,000 | 12,909 | 0.280 | 11,662 | 10,529 | (7,388) | 7,190 | (198) | |||
(c) | Hing Ming Holdings Limited (8425) | 6,988,000 | 9,808 | 1.160 | 8,106 | 2,989 | (522) | (1,701) | (2,223) | |||
(d) | National Investments Fund Limited (1227) | 41,072,000 | 7,542 | 0.174 | 7,147 | 10,212 | (1,394) | (395) | (1,789) | |||
(e) | WAC Holdings Limited (8619) | 2,040,000 | 5,364 | 3.000 | 6,120 | 3,497 | 963 | 756 | 1,719 | |||
(f) | ISP Global Limited (8487) | 6,700,000 | 7,098 | 0.850 | 5,695 | 2,491 | (74) | (7,345) | (7,419) | |||
(g) | RMH Holdings Limited (8437) | 29,896,000 | 14,701 | 0.161 | 4,813 | 1,117 | (1,089) | (2,829) | (3,918) | |||
(h) | Wan Leader International Limited (8482) | 16,560,000 | 4,753 | 0.224 | 3,709 | 1,838 | (1,246) | (1,044) | (2,290) | |||
(i) | Pacific Legend Group Limited (8547) | 18,220,000 | 4,357 | 0.130 | 2,369 | 6,149 | (332) | (1,988) | (2,320) | |||
(j) | C&N Holdings Limited (8430) | 27,110,000 | 12,747 | 0.080 | 2,169 | 770 | (874) | (9,299) | (10,173) | |||
(k) | Golden Ponder Holdings Limited (1783) | 5,860,000 | 1,181 | 0.189 | 1,108 | 2,567 | (99) | (74) | (173) | |||
(l) | LHN Limited (1730) | 1,288,000 | 1,277 | 0.710 | 914 | - | - | (363) | (363) |
- For identification purpose only
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For the year ended | |||||||||||
As at 31 December 2019 | 31 December 2019 | ||||||||||
Number | |||||||||||
of shares/ | |||||||||||
percentage | Market | Realised | Unrealised | ||||||||
of interests | Market | value/ | Sales | profit/ | profit/ | Fair value | |||||
Name of investees | held | Cost | prices | fair value | proceeds | (loss) | (loss) | gain/(loss) | |||
(HK'000) | (HK$) | (HK'000) | (HK'000) | (HK'000) | (HK'000) | (HK'000) | |||||
(m) | China Ocean Group Development Limited (8047) | 3,500,000 | 1,649 | 0.240 | 840 | 949 | (229) | (809) | (1,038) | ||
(n) | Tasty Concepts Holding Limited (8096) | 7,700,000 | 1,832 | 0.100 | 770 | 23 | (2) | (1,062) | (1,064) | ||
(o) | Eggriculture Foods Ltd. (8609) | 850,000 | 122 | 0.147 | 125 | 1,788 | (805) | 2 | (803) | ||
(p) | Stream Ideas Group Limited (8401) | - | - | - | - | 11,048 | (1,230) | 1,562 | 332 | ||
(q) | Asia Television Holdings Limited (707) | - | - | - | - | 25,654 | (5,899) | (952) | (6,851) | ||
(r) | Asia Resources Holdings Limited (899) | - | - | - | - | 4,488 | (2,229) | 2,717 | 488 | ||
(s) | China Investment Development Limited (204) | - | - | - | - | 1,470 | (247) | - | (247) | ||
Other listed investments | - | - | - | - | 2,583 | 12 | - | 12 | |||
Unlisted equity securities | |||||||||||
(t) | 深圳聯合能源控股有限公司 | 3.00% | 15,000 | N/A | 12,270 | - | - | (1,973) | (1,973) |
The net loss on fair value through profit or loss for listed and unlisted investments amounted to approximately HK$45,490,000 and HK$1,973,000 respectively for the year ended 31 December 2019 (the "FV Loss").
For the listed investments held as at 31 December 2019, the net loss attributable to realised loss and unrealised loss were approximately HK$14,259,000 and HK$24,963,000 respectively. For those listed investments held but were sold during the year ended 31 December 2019, the net profit attributable to realised loss and unrealised profit were approximately HK$9,595,000 and HK$3,327,000 respectively.
For the unlisted investment held as at 31 December 2019, the loss attributable to unrealised loss was approximately HK$1,973,000. The fair value of the unlisted investment as at 31 December 2019 was assessed by an independent professional valuer. The FV Loss was due to the underperformance on listed and unlisted investments.
Save as disclosed above, all other information in 2019 Annual Report remains unchanged.
For and on behalf of the Board
CHINA FINANCIAL LEASING GROUP LIMITED
Liu Hailong
Chairman
Hong Kong, 10 August 2020
As at the date of this announcement, the board of Directors of the Company comprises Mr. Chan Chi Hang as executive Director, Mr. Liu Hailong (Chairman) and Mr. Liu Yang (Vice Chairman) as non-executive Directors, Mr. Yip Ming, Mr. Tsang Chung Sing Edward, Mr. Zhang Bin and Mr. Wang Ruiyang as independent non-executive Directors.
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China Financial Leasing Group Limited published this content on 10 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2020 08:43:11 UTC