Profit

Lai Sun Garment International: PROFIT ALERT – LOSS REDUCTION


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(Stock code: 191)

PROFIT ALERT – LOSS REDUCTION

This announcement is made by the Company in accordance with rule 13.09 of the Listing Rules and the provisions relating to inside information in Part XIVA of the SFO.

The Board wishes to inform Shareholders and potential investors that the consolidated loss attributable to owners of the Company for the year is expected to decrease significantly by at least 30% compared to a net loss of approximately $ 1,965.9 million. HK $ for the year ended July 31, 2020. The decrease in loss is mainly attributable to the reduction of net fair value losses on investment properties, the write-down of completed properties for sale to their net realizable value and the depreciation of rights of use during the financial year compared to last year.

Shareholders and potential investors are urged to exercise caution when trading in the shares of the Company.

This announcement is made by Lai Sun Garment (International) Limited (the “Company” and together with its subsidiaries, the “Group”) in accordance with Rule 13.09 of the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange Limited (“Rules of listing “) and the inside information provisions under Part XIVA of the Securities and Futures Ordinance, Chapter 571, the Laws of Hong Kong (” SFO “).

The main activities of the Group include real estate investment, real estate development, investment and operation of hotels and restaurants, media and entertainment, music production and distribution, film production and distribution. , video format products and television programs, operation of cinemas, culture, recreation, entertainment and related facilities and holdings.