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.

(Incorporated in Hong Kong with limited liability)

(Stock Code: 3360)

UNAUDITED OPERATION SUMMARY FOR THE THIRD QUARTER

OF 2019 AS AT 30 SEPTEMBER 2019

This announcement sets out the unaudited operation summary of Far East Horizon Limited (the "Company") and its subsidiaries (the "Group") for the third quarter ended 30 September 2019 (the "Period under Review").

This announcement is made in accordance with the requirements of Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

As at 30 September 2019, the overall operation of the Group was solid and sound, which matched its expectations. In respect of financial business, the Group continued to explore the industry customer needs and accelerate the turnover of interest-earning assets, resulting in a continuous decrease in its gearing ratio and further effective improvement in its overall risk resistance capabilities. By strengthening customer selection and managing asset pricing in an effective manner, the net interest margin and net interest spread of the Group's interest-earning assets remained stable as compared to those of the first half of 2019, and showed an increase as compared to those of the year of 2018. In addition, the Group's risk control and management capabilities were still robust and complete, and its interest-earning assets were under healthy and stable conditions.

In respect of industrial operations, the Group continued to adhere to the established strategy to enhance its operating efficiency while striving to expand the asset scale, and has made good progress. The total number of beds available in the hospital group of the Group has exceeded 20,000, and the economies of scale have achieved initial effects through the implementation of various measures for integration, concentration and improvements, with the Group's revenue increasing by over 30% year-on-year during the Period under Review. In respect of equipment operation business, the Group strived to strengthen its customer service capabilities while constantly expanding its asset scale and marketing network. Escalating on the good momentum of steady increases in the first half-year, the equipment leasing rate and unit leasing price contributed to a significant year-on-year growth in the Group's revenue by more than 40% during the Period under Review. The contribution of industrial operations business in the overall financial value of the Group showed a constant increase as compared to that of the first half of 2019.

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In conclusion, the Company's overall return on assets remained stable and saw a moderate increase, and it is expected that the profit for the year and the profit attributable to holders of ordinary shares throughout the year will achieve over double-digit growth as compared to those of last year.

CAUTION STATEMENT

The board of directors (the "Board") of the Company hereby reminds investors that the above operation summary for the third quarter ended 30 September 2019 is based on the Group's internal data and management accounts which are not reviewed or audited by auditors. In the meantime, investors are advised to exercise caution in dealing in the shares of the Company.

Words such as "may", "could", "will", "expect", "intend", "estimate", "anticipate", "believe", "plan", "seek", "continue" or similar expressions in this announcement are forward-looking statements. These forward-looking statements are not guarantees of future performance. Rather, they are based on current views and assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Group and are difficult to predict, that will or may cause actual results to differ materially from any future results or developments expressed or implied from the forward-looking statements. Such risks and uncertainties include the effects of volatility in domestic and international financial markets and macro-economics, economic conditions in individual markets in which the Group operates, and other factors affecting the level of the Group's business activities and the costs and availability of financing for the Group's activities.

Any forward-looking statements contained in this announcement should not be taken as a representation that such trends or activities will continue in the future. No statement in this announcement is intended to be a profit forecast or to imply that the earnings of the Group as at the date of this announcement or in future will necessarily match or exceed the historical or published earnings of the Group. Each forward-looking statement speaks only as of the date of the particular statement. The Group expressly disclaims any obligation or undertaking to release publicly any updated figures or revisions to any forward-looking statements contained herein to reflect any change in the Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

By Order of the Board

Far East Horizon Limited

KONG Fanxing

Chief Executive Officer and Executive Director

Hong Kong, 25 October 2019

As at the date of this announcement, the executive directors of the Company are Mr. KONG Fanxing and Mr. WANG Mingzhe, the non-executive directors of the Company are Mr. NING Gaoning (Chairman), Mr. YANG Lin, Mr. LIU Haifeng David, Mr. KUO Ming-jian and Mr. John LAW, and the independent non-executive directors of the Company are Mr. CAI Cunqiang, Mr. HAN Xiaojing, Mr. LIU Jialin and Mr. YIP Wai Ming.

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Far East Horizon Ltd. published this content on 25 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2019 15:40:04 UTC