SIM Technology : ANNOUNCEMENT

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SIM TECHNOLOGY GROUP LIMITED

晨訊科技集團有限公司*

(Incorporated in Bermuda with limited liability) (Stock code: 2000)

ANNOUNCEMENT

This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of the Securities on The Stock Exchange of Hong Kong Limited and Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).

The board of directors of SIM Technology Group Limited ("Company", together with its subsidiaries, "Group") hereby announces that the unaudited monthly revenue of the Group for the month of March 2021 is approximately HK$67.9 million (February 2021: HK$43.3 million), in which the revenue from properties management ("non-corebusiness") is approximately HK$3.9 million (February 2021: HK$ 4.0 million) and the revenue from the handsets and internet of things terminals business, the electronics manufacturing services business together with the internet of things system and online-to-offline business (together, "core business") is approximately of HK$64.1 million (February 2021: HK$39.3 million). The revenue of the core business of March 2021 increased by 62.9% as compared with that of last month, and increased by 65.0% as compared with that of the same period last year (March 2020: HK$38.8 million). The unaudited revenue of the Group for the three months ended 31 March 2021 is approximately HK$184.8 million, which increased by 52.8% as compared to same period last year (three months ended 31 March 2020: HK$ 120.9 million).

The Group is principally engaged in the People's Republic of China in (i) the ODM (original design manufacturer) of handsets and intelligent terminals, (ii) the EMS (electronic manufacturing services) business, (iii) the internet of things system and online-to-offline business, and (iv) property rental management business.

The above information is extracted from the management accounts of the Group, which have not been reviewed or audited by the auditors of the Company. All information shall be subject to the audited financial information of the Group. Investors and shareholders of the Company are advised not to rely on such information, and the directors of the Company shall not be responsible for any reliance placed thereon. Investors and shareholders of the Company should exercise caution when dealing in the shares of the Company.

By order of the Board

SIM Technology Group Limited

Wong Cho Tung

Executive Director

9 April 2021

As at the date of this announcement, the executive directors of the Company are Ms Yeung Man Ying, Mr Wong Cho Tung, Mr Liu Jun and Mr Zhu Wenhui, and the independent non-executive directors of the Company are Mr Liu Hing Hung, Mr Li Minbo and Mr Wu Zhe.

• For identification purposes only