Truly International : Positive Profit Alert

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TRULY INTERNATIONAL HOLDINGS LIMITED

信 利 國 際 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 00732)

POSITIVE PROFIT ALERT

The Board wishes to inform Shareholders and potential investors that, based on the information currently available to the Company, it is expected that the consolidated profit attributable to owners of the Company for the 6 months ended 30 June 2020 would be significantly increased by approximately 1.1 times to approximately HK$299.7 million as compared to the consolidated profit attributable to owners of the Company for the 6 months ended 30 June 2019 (approximately HK$140.6 million).

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

This announcement is made by Truly International 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 in the Listing Rules) of Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

The board of directors of the Company (the "Board") wishes to inform shareholders of the Company (the "Shareholders") and potential investors that, based on the information currently available to the Company, it is expected that the consolidated profit attributable to owners of the Company for the 6 months ended 30 June 2020 (the "Period") would be significantly increased by approximately 1.1 times to approximately HK$299.7 million as compared to the consolidated profit attributable to owners of the Company for the 6 months ended 30 June 2019 (approximately HK$140.6 million).

The Board believes that the expected increase in the consolidated profit attributable to owners of the Company for the Period was primarily attributable to the following reason:

1. SHARE OF LOSS FROM ASSOCIATES TURNED TO SHARE OF PROFIT FROM ASSOCIATES - It was mainly because the financial results for the Period of the major associate, Truly (Huizhou) Smart Display Limited (信利(惠州)智能顯示有限公司) of the Group has been significantly improved when compared to the corresponding period of 2019. Thus, share of profit from associates in the Period has been significantly improved to approximately HK$3.6 million from share of loss from associates in the corresponding period of 2019 (approximately HK$146.1 million).

The Company is in the process of finalising the consolidated financial results of the Group for the 6 months ended 30 June 2020. The information contained in this announcement represents only a preliminary assessment by the Company of the information currently available to the Company.

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Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board

Truly International Holdings Limited

Lam Wai Wah

Chairman

Hong Kong, 24 August 2020

As at the date of this announcement, the Board comprises Mr. Lam Wai Wah, Mr. Wong Pong Chun, James, Mr. Ma Wai Tong, Mr. Song Bei Bei, Mr. Dai Cheng Yun and Mr. Cheung Wing Cheung as executive directors and Mr. Chung Kam Kwong, Mr. Ip Cho Ting, Spencer and Mr. Heung Kai Sing as

independent non-executive directors.

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