The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this annoucement, makes no representation

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.



PROFIT WARNING


This announcement is made pursuant to Rule 17.10(2)(a) of the GEM Listing Rules and the Inside Information Provisions under Part XIVA of the SFO.


The Board wishes to inform the Shareholders and potential investors that, based on a preliminary assessment on the Management Accounts, the Group is expected to record an increase in unaudited consolidated net loss for the nine months ended 31 December 2015, as compared with the corresponding period in 2014. The increase in unaudited consolidated net loss was primarily due to the professional fee incurred for the Proposed Acquisition during the period under review. Details of the Proposed Acquisition were set out in the announcement and circular of the Company dated 9 December 2015 and 31 December 2015 respectively.


The information divulged in this announcement is only based on the preliminary assessment by the Board on the Management Accounts which have not been confirmed or audited by the Company's auditors.


Shareholders and potential investors should exercise caution when dealing in the shares of the Company.


This announcement is made by the board (the "Board") of directors (the "Directors") of China Communication Telecom Services Company Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 17.10(2)(a) of the Rules Governing the Listing of Securities on the Growth Enterprise Market (the "GEM Listing Rules") of The Stock Exchange of Hong Kong Limited and the Inside Information Provisions (as defined under the GEM Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong) (the "SFO").


The Group is principally engaged in the provision of promotion and management services for an electronic smart card "Shentong Card" in the People's Republic of China.


The Board wishes to inform the shareholders of the Company (the "Shareholders") and potential investors that the Group is expected to record an increase in unaudited consolidated net loss according to the unaudited consolidated management accounts of the Group for the nine months ended 31 December 2015 (the "Management Accounts") as compared with the corresponding period in 2014. The increase in unaudited consolidated net loss for the nine months ended 31 December 2015 was primarily due to the professional fee incurred for the proposed acquisition of

the entire issued share capital of Copious Link Ventures Limited (the "Proposed Acquisition") during the period under review. Details of the Proposed Acquisition were set out in the announcement and the circular of the Company dated 9 December 2015 and 31 December 2015 respectively.


As the Company is still in the process of finalizing the Group's third quarterly results for the nine months ended 31 December 2015 (the "Third Quarterly Results"), the information divulged in this announcement is only based on the preliminary assessment by the Board according to the Management Accounts which have not been confirmed or audited by the Company's auditors.


Shareholders and potential investors of the Company are advised to read carefully the Third Quarterly Results announcement of the Company which is expected to be published on or about 5 February 2016.


Shareholders of the Company and potential investors should exercise caution when dealing in the shares of the Company.


By Order of the Board

China Communication Telecom Services Company Limited He Chenguang

Chairman


Hong Kong, 3 February 2016


As at the date of this announcement, the executive Directors of the Company are Mr. He Chenguang, and Mr. Bao Yueqing, and the independent non-executive Directors are Mr. Yip Tai Him, Ms. Han Liqun and Ms. Zhang Li.


This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with 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 will remain at www.hkgem.com on the "Latest Company Announcements" page of the GEM website for at least 7 days from the date of its posting and on the website of the Group at www.ccpi.com.hk.

China Communication Telecom Services Co. Ltd. issued this content on 03 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 February 2016 08:57:04 UTC

Original Document: http://www.ccpi.com.hk/pdf/ew_8206ann-20160203_Profit Warning.pdf