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.

(incorporated in Cayman Islands with limited liability)

(Stock code: 8331)

THIRD QUARTERLY RESULTS ANNOUNCEMENT

FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2021

CHARACTERISTICS OF THE GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE")

GEM has been positioned as a market designed to accommodate companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors.

Given the companies listed on GEM are generally small and mid-sized, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board of the Stock Exchange and no assurance is given that there will be a liquid market in the securities traded on GEM.

This announcement, for which the directors (the "Directors") of P.B. Group Limited (the "Company", together with its subsidiaries, the "Group") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM of the Stock Exchange (the "GEM Listing Rules") for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement, containing the full text of the 2021 third quarterly report of the Company, complies with the relevant requirements of the GEM Listing Rules of Stock Exchange in relation to information to accompany preliminary announcements of the third quarterly results. This 2021 third quarterly results announcement of the Company is available for viewing on the websites of Stock Exchanges at www.hkex.com.hk and of the Company at www.thepbg.com.

CHARACTERISTICS OF THE GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE")

GEM has been positioned as a market designed to accommodate companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors.

Given the companies listed on GEM are generally small and mid-sized, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board of the Stock Exchange and no assurance is given that there will be a liquid market in the securities traded on GEM.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this report, 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 report.

This report, for which the directors (the "Directors") of P.B. Group Limited (the "Company", together with its subsidiaries, the "Group") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM of the Stock Exchange (the "GEM Listing Rules") for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this report is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this report misleading.

THIRD QUARTERLY RESULTS FOR 2021 (UNAUDITED)

The board of Directors (the "Board") of the Company is pleased to announce the unaudited condensed consolidated results of the Group for the three months and nine months ended 30 September 2021 (the "Reporting Period"), together with the comparative unaudited figures for the corresponding periods in 2020 as follows:

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the three months and nine months ended 30 September 2021

Three months ended

Nine months ended

30 September

30 September

2021

2020

2021

2020

Notes

CNY'000

CNY'000

CNY'000

CNY'000

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

Revenue

3

19,138

17,508

52,125

38,922

Cost of sales

(9,684)

(7,693)

(27,257)

(18,397)

Gross profit

9,454

9,815

24,868

20,525

Other income

686

41

1,362

577

Selling and distribution expenses

(1,842)

(2,478)

(6,964)

(7,007)

Administrative and other expenses

(4,927)

(5,283)

(15,687)

(12,798)

Finance costs

(116)

(111)

(404)

(334)

Profit before tax

3,255

1,984

3,175

963

Income tax expense

4

(659)

(752)

(1,170)

(805)

Profit for the period

2,596

1,232

2,005

158

Other comprehensive income,

net of tax

Items that may be reclassified

subsequently to profit or loss:

Exchange differences arising on

translation of foreign operations

(1)

-

(18)

-

Other comprehensive income

for the period, net of tax

(1)

-

(18)

-

Total comprehensive

income for the period

2,595

1,232

1,987

158

Profit for the period

attributable to owners of

the Company

2,596

1,232

2,005

158

Total comprehensive income

for the period attributable

to owners of the Company

2,595

1,232

1,987

158

Earnings per share (CNY):

Basic and diluted

6

0.33 cents

0.18 cents

0.25 cents

0.02 cents

2

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

For the nine months ended 30 September 2021

Safety

fund and

Foreign

Share

Share

Other

Statutory

production

currency

maintenance

translation

Accumulated

capital

premium

reserve

reserve

fund

reserve

losses

Total

CNY'000

CNY'000

CNY'000

CNY'000

CNY'000

CNY'000

CNY'000

CNY'000

At 1 January 2020 (audited)

5,688

126,103

23,351

5,192

1,338

-

(81,505)

80,167

Profit for the period and

total comprehensive income

for the period

-

-

-

-

-

-

158

158

Appropriation and utilisation

of safety fund and production

maintenance fund, net

-

-

-

451

110

-

(851)

(290)

At 30 September 2020 (unaudited)

5,688

126,103

23,351

5,643

1,448

-

(82,198)

80,035

At 1 January 2021 (audited)

6,753

130,704

23,351

6,390

1,552

282

(75,714)

93,318

Profit for the period

-

-

-

-

-

-

2,005

2,005

Exchange difference arising

on translation of financial

statement of foreign operation

-

-

-

-

-

(18)

-

(18)

Other comprehensive income

for the period

-

-

-

-

-

(18)

-

(18)

Total comprehensive income

for the period

-

-

-

-

-

(18)

2,005

1,987

Appropriation to statutory

reserve

-

-

-

720

-

-

(720)

-

Appropriation and utilisation

of safety fund and production

maintenance fund, net

-

-

-

-

151

-

(151)

-

At 30 September 2021 (unaudited)

6,753

130,704

23,351

7,110

1,703

264

(74,580)

95,305

3

Notes:

  1. Other reserve
    It represents (i) the capital contribution from the previous controlling shareholder, Mr. Li Feilie of Feishang International Holdings Limited ("Feishang International") during the fiscal year of 2002 to 2003; and (ii) the difference between the nominal value of the issued share capital of the Company and share capital of the then holding company, Feishang International, upon the group reorganisation.
  2. Statutory reserve
    As required by applicable law and regulations, entities established and operated in the People's Republic of China (the "PRC") shall set aside/appropriate a portion of its after tax profits of each period to fund statutory reserve. The statutory reserve is not distributable as cash dividends and must be made before distribution of dividend to equity owners.
  3. Safety fund and production maintenance fund
    As stipulated by the State Administration of Work Safety of the PRC, Wuhu Feishang Non-metallic Material Company Limited（蕪湖飛尚非金屬材料有限公司）("Feishang Material") is required to accrue the safety production fund and the production maintenance fund which is based on the production volume for the utilisation of future safety production expense.

4

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PB Group Ltd. published this content on 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 14:50:03 UTC.