InvesTech : PROFIT WARNING

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InvesTech Holdings Limited

威 訊 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1087)

PROFIT WARNING

This announcement is made by InvesTech Holdings Limited (the "Company" and together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Future Ordinance (Chapter 571, Laws of Hong Kong).

The board (the "Board") of directors (the "Directors") of the Company wishes to inform the shareholders of the Company and potential investors that, based on a preliminary review of the unaudited management accounts (the "Management Accounts") of the Group for the year ended 31 December 2019 ("FY2019") and assessment of the information currently available to the Board, it is expected that the Group would record a decrease in net loss for FY2019 as compared with the year ended 31 December 2018. The decrease in net loss for FY2019 is primarily attributable to the increase of revenue and gross profit by the improvement on the Group's network communication business during FY2019.

However, based on the preliminary valuation prepared by an independent professional valuer, the fair value in relation to an equity investment in 華訊方舟科技有限公司 (China

Communication Technology Co., Ltd* "CCT") as at 31 December 2019 would decrease by 30% to 40% as compared with that as at 31 December 2018. A fair value loss (the "Fair Value Loss") would be recorded in consolidated statement of comprehensive income for FY2019 rather than consolidated statement of profit or loss for FY2019. The Fair Value Loss is primarily attributable to the drop of net profit of CCT due to (i) the drop of revenue and gross profit affected by the trade war between the United States of America and China; and (ii) a significant increase in finance cost.

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Although the Group expects to record a decrease in net loss for FY2019 as abovementioned, taking into account the Fair Value Loss, it is expected that the Group would record an increase in total comprehensive loss for FY2019 as compared with that of approximately RMB43.9 million recorded for the year ended 31 December 2018.

As the Company is still in the course of compiling the consolidated results of the Group for FY2019, the information contained in this announcement is only based on, among others, a preliminary assessment of the Management Accounts and the expectation of the Board after taking into account the information currently available, and is not based on any data or information being audited or reviewed by the auditors of the Company. The finalised audited consolidated results of the Group for FY2019 are expected to be published by the end of March 2020.

Shareholders of the Company and potential investors should exercise caution when dealing in the securities of the Company.

By Order of the Board

InvesTech Holdings Limited

Chan Sek Keung, Ringo

Chairman and Chief Executive Officer

Hong Kong, 3 March 2020

As at the date of this announcement, the executive Directors are Mr. Chan Sek Keung, Ringo (Chairman and Chief Executive Officer), Ms. Wang Fang, Mr. Lu Chengye and Mr. Ching Chau Wa, the non-executive Director is Mr. Wong Tsu Wai, Derek, and the independent non- executive Directors are Mr. Wong Chun Sek, Edmund, Mr. Lu, Brian Yong Chen and Mr. Huang Liangkuai.

• The English name is for identification purpose only.

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