（於開曼群島註冊成立之有限公司） 股份代號 : 8167 第一季度報告 2020 GEM 之定位，乃為可能較其他於聯交所上市之公司帶有較高投資風險之中小 型公司提供一個上市之市場。有意投資之人士應了解投資於該等公司之潛在 風險，並應經過審慎周詳之考慮後方作出投資決定。 由於GEM 上市公司通常為中小型公司，因此在GEM 買賣之證券可能會較於聯 交所主板買賣之證券承受較大之市場波動風險，同時無法保證在GEM 買賣之 證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本報告全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 中國新電信集團 有限公司 1 香港聯合交易所有限公司（「聯交所」）GEM之特色 本報告的資料乃遵照《聯交所GEM證券上市規則》而刊載，旨在提供有關中國 新電信集團有限公司（「本公司」）的資料；本公司的董事（「董事」）願就本報告 的資料共同及個別地承擔全部責任。各董事經作出一切合理查詢後，確認就彼 等所深知及確信：– 1. 本報告所載資料在各重大方面均屬準確及完整，且無誤導或欺詐成分； ...

Neo Telemedia Limited 中國新電信集團有限公司 (Incorporated in the Cayman Islands with limited liability) ( 於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 8167 ANNUAL REPORT 2019 年 報 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Exchange. Prospective investors should be aware of the potential risks of investing in such comp ...

Financial Performance - For the nine months ended September 30, 2019, the total revenue was HKD 603,872,000, a decrease from HKD 2,073,703,000 in the same period of 2018[4] - The gross profit for the nine months ended September 30, 2019, was HKD 61,383,000, compared to HKD 178,042,000 in the previous year, indicating a significant decline[4] - The net loss for the nine months ended September 30, 2019, was HKD 38,259,000, an improvement from a net loss of HKD 47,993,000 in the same period of 2018[4] - The basic loss per share for the nine months ended September 30, 2019, was HKD (0.23), compared to HKD (0.22) for the same period in 2018[4] - The total comprehensive loss for the nine months ended September 30, 2019, was HKD 29,977,000, an improvement from HKD 92,794,000 in the previous year[6] - The company’s financing costs for the nine months ended September 30, 2019, were HKD (1,172,000), down from HKD (6,255,000) in 2018[4] - The loss attributable to the company's owners for the nine months ended September 30, 2019, was approximately HKD 22,150,000, compared to a loss of HKD 21,150,000 in 2018[26] Revenue Sources - The revenue from telecommunications products and services for the nine months ended September 30, 2019, was HKD 589,719,000, down from HKD 2,016,092,000 in 2018[11] - Revenue from the sale of telecommunications products and services was approximately HKD 589,719,000 for the review period, down from HKD 2,016,092,000 in 2018[27] - The internet financial platform business generated no revenue during the review period, compared to HKD 43,833,000 in 2018[29] Factors Affecting Performance - The decrease in revenue was primarily due to a downturn in the global mobile business environment and intense competition, as well as a reduction in consulting fees related to internet data center services and software development[26] - The company experienced a significant reduction in customer orders due to the global mobile business environment and the impact of the US-China trade war on major Android manufacturers[27] - The company’s financial performance was adversely affected by reduced interest income from short-term loans provided to independent third parties[26] - The company’s revenue decline was also attributed to decreased income from internet data center services and related consulting fees[26] Future Outlook - The company has not disclosed specific future outlook or guidance in the provided documents[4] - The internet data center located in Heshan, Guangdong Province is expected to be operational in 2020, contributing more revenue in the coming years[30] - The group will continue to explore potential investment opportunities in internet data centers, IoT, cloud computing, and related businesses[30] - The management remains optimistic about delivering better returns to shareholders due to favorable government policies supporting high-growth industries[30] Shareholder Information - The average number of ordinary shares used to calculate basic and diluted loss per share was 9,522,184,345 for the nine months ended September 30, 2019[17] - The board members hold significant shares, with Dr. Li Haiquan owning approximately 22.86% of the company[33] - Winner Mind holds 2,055,887,357 shares, representing 21.59% of the company's issued share capital[47] Corporate Actions - The company did not declare any dividends for the nine months ended September 30, 2019, consistent with the previous year[16] - The group sold its subsidiary, Wan Cheng Group, for HKD 10,000,000 in Q3 2019, recording a gain of approximately HKD 19,000,000 from the sale[28] - The company did not engage in any purchase, sale, or redemption of its listed securities during the nine months ended September 30, 2019[49] Compliance and Governance - The audit committee has reviewed the unaudited financial statements for the three and nine months ended September 30, 2019, confirming compliance with applicable accounting standards and disclosure requirements[51] - The company has a stock option plan adopted on December 19, 2012, to reward eligible participants for their contributions to the group's success[38] - As of September 30, 2019, the total number of stock options available was 71,200,000, with an exercise price of HKD 0.250[40] Operational Strategy - The company continues to focus on the sales of telecommunications products and services as well as internet financial platform operations[11] - The group has integrated its trading business with telecommunications product sales to streamline operations and reduce costs since 2018[28] - The group is closely monitoring the supply of 5G devices, which may impact future profitability if not secured[28]

Financial Performance - The company reported a net loss of approximately HKD 45,190,000 for the six months ended June 30, 2019, compared to a profit of HKD 5,581,000 in the same period of 2018[12]. - Revenue for the six months ended June 30, 2019, was HKD 412,580,000, a decrease from HKD 1,452,139,000 in the same period of 2018, representing a decline of approximately 71.6%[12]. - Gross profit for the six months ended June 30, 2019, was HKD 32,494,000, down from HKD 141,845,000 in the previous year, indicating a decrease of about 77%[12]. - The total comprehensive loss for the six months ended June 30, 2019, was HKD 37,273,000, compared to a loss of HKD 4,343,000 in the same period of 2018[14]. - The basic and diluted loss per share for the six months ended June 30, 2019, was HKD (0.37), compared to earnings of HKD 0.10 per share in the same period of 2018[12]. - The company reported a net loss attributable to shareholders of HKD 35,280,000 for the six months ended June 30, 2019, compared to a profit of HKD 9,483,000 for the same period in 2018[54]. Assets and Liabilities - The company’s current liabilities exceeded its current assets by approximately HKD 930,223,000 as of June 30, 2019, raising significant concerns about its ability to continue as a going concern[8]. - The total current liabilities rose to HKD 1,397,057,000, compared to HKD 938,956,000 at the end of 2018, marking an increase of about 48.8%[17]. - The total assets less current liabilities amounted to HKD 1,353,220,000 as of June 30, 2019, slightly down from HKD 1,379,281,000 at the end of 2018[17]. - The company's cash and cash equivalents at the end of the reporting period were HKD 24,902,000, down from HKD 36,747,000 at the end of 2018[19]. - The net asset value of the company as of June 30, 2019, was approximately HKD 1,286,616,000, compared to HKD 1,325,614,000 at the end of 2018[17]. - The group’s total assets as of June 30, 2019, were approximately HKD 2,750,277,000, with total liabilities of approximately HKD 1,463,661,000, resulting in a debt-to-asset ratio of about 53.2%[88]. Revenue Breakdown - Revenue from telecommunications products and services for the six months ended June 30, 2019, was HKD 402,453 thousand, compared to HKD 1,400,622 thousand for the same period in 2018[36]. - The revenue breakdown shows that telecommunications products and services generated HKD 402,453,000, while internet financial platform revenue was HKD 39,714,000 for the six months ended June 30, 2019[40]. - The internet financial platform business generated no revenue during the review period, down from HKD 39,714,000 in the previous year, as operations were limited to debt collection and repayment to investors[85]. Financing and Costs - The company incurred financing costs of HKD 866,000 for the six months ended June 30, 2019, compared to HKD 3,771,000 in the same period of 2018, reflecting a reduction of approximately 77%[12]. - The company's financing costs included bank loan interest of HKD 27,536,000 for the six months ended June 30, 2019, compared to HKD 7,408,000 for the same period in 2018[45]. - Interest income for the six months ended June 30, 2019, was HKD (1,993,000), a decrease from HKD (14,221,000) for the same period in 2018[47]. - The total income tax expense for the six months ended June 30, 2019, was HKD (613,000), a significant decrease from HKD 6,663,000 for the same period in 2018[49]. Operational Insights - The net cash flow from operating activities for the six months ended June 30, 2019, was HKD 46,360,000, a significant increase from HKD 14,843,000 in the same period of 2018[19]. - The group incurred capital expenditures of approximately HKD 365,570,000 for property, plant, and equipment during the six months ended June 30, 2019, compared to HKD 222,441,000 for the same period in 2018[57]. - The company recognized expected credit loss changes of HKD 10,975,000 during the six months ended June 30, 2019, with no such losses reported in the previous year[12]. - The company experienced a foreign exchange loss of HKD 20,976,000 for the six months ended June 30, 2019, compared to a loss of HKD 9,924,000 in the same period of 2018[14]. Corporate Governance - The company has complied with the GEM Listing Rules and corporate governance practices throughout the review period, with some exceptions noted[107]. - The board of directors has not provided formal appointment letters for directors, except for Mr. Zhang Shengtai[109]. - The company emphasizes high-quality governance and transparency to shareholders as part of its corporate governance principles[107]. - The company has adopted a strict code of conduct for securities trading by directors, in line with GEM Listing Rules, with no violations reported for the six months ending June 30, 2019[110]. - An audit committee has been established, consisting of three independent non-executive directors, to review financial reporting and risk management systems[113]. - The audit committee reviewed the unaudited financial statements for the six months ending June 30, 2019, confirming compliance with applicable accounting standards and disclosure requirements[113].

( 於開曼群島註冊成立之有限公司) 股份代號 : 8167 第一季度報告 2019 GEM 之定位，乃為可能較其他於聯交所上市之公司帶有較高投資風險之中小 型公司提供一個上市之市場。有意投資之人士應了解投資於該等公司之潛在 風險，並應經過審慎周詳之考慮後方作出投資決定。 由於GEM 上市公司通常為中小型公司，因此在GEM 買賣之證券可能會較於聯 交所主板買賣之證券承受較大之市場波動風險，同時無法保證在GEM 買賣之 證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本報告全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 中國新電信集團 有限公司 1 香港聯合交易所有限公司（「聯交所」）GEM之特色 本報告的資料乃遵照《聯交所GEM證券上市規則》而刊載，旨在提供有關中國 新電信集團有限公司（「本公司」）的資料；本公司的董事（「董事」）願就本報告 的資料共同及個別地承擔全部責任。各董事經作出一切合理查詢後，確認就彼 等所知及所信：– 1. 本報告所載資料在各重大方面均屬準確及完整，且無誤導或欺詐成分； ...

Neo Telemedia Limited 中國新電信集團有限公司 (Incorporated in the Cayman Islands with limited liability) ( 於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 8167 ANNUAL REPORT 2018 年報 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Exchange. Prospective investors should be aware of the potential risks of investing in such compa ...