Hong Kong Exchanges and Clearing : ANNOUNCEMENT OF THE UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2019

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.

SHAW BROTHERS HOLDINGS LIMITED

邵氏兄弟控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 00953)

ANNOUNCEMENT OF THE UNAUDITED INTERIM RESULTS

FOR THE SIX MONTHS ENDED 30 JUNE 2019

The board (the "Board") of directors (the "Directors") of Shaw Brothers Holdings Limited (the "Company") is pleased to announce the unaudited results of the Company and its subsidiaries (collectively, the "Group") for the six months ended 30 June 2019 (the "Period") as follows:

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the six months ended 30 June 2019

		Six months ended 30 June
		2019		2018
	Notes	RMB'000	RMB'000
		(Unaudited)	(Unaudited)
Continuing operation
Revenue	4	36,367		47,386
Cost of sales		(19,484)	(24,979)
Gross profit		16,883		22,407
Other income		3,556		2,852
Gain on disposal of subsidiaries		-	801
Selling and distribution expenses		(3,041)	(2,950)
Administrative expenses		(14,811)	(16,050)
Other operating expenses		-	(400)
Finance costs	6	(460)	(790)
Profit before tax		2,127		5,870
Income tax expense	7	(856)	(1,004)
Profit for the period for continuing operation	8	1,271		4,866

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		Six months ended 30 June
		2019			2018
	Note	RMB'000	RMB'000
		(Unaudited)	(Unaudited)
Discontinued operations
Profit for the period from
discontinued operations		-	1,050
Profit for the period		1,271			5,916
Profit for the period attributable to owners
of the Company:
- From continuing operation		1,450			3,866
- From discontinued operations		-	1,050
		1,450			4,916
(Loss) profit for the period attributable to
non-controlling interests:
- From continuing operation		(179)	1,000
- From discontinued operations		-	-
		(179)	1,000
Profit for the period		1,271			5,916
Earnings per share
From continuing and discontinued operations
- Basic and diluted (RMB cents)	9	0.10			0.35
From continuing operation
- Basic and diluted (RMB cents)		0.10			0.27

2

		Six months ended 30 June
		2019	2018
		RMB'000		RMB'000
		(Unaudited)		(Unaudited)
Profit for the period	1,271	5,916
Other comprehensive income for the period
Item that will not be reclassified to
income statement:
Fair value gain on investments in equity
instruments at fair value through
other comprehensive income	635		-
Total comprehensive income for the period	1,906	5,916
Total comprehensive income for the period
attributable to owners of the Company:
- From continuing operation	1,704	3,866
- From discontinued operation		-		1,050
		1,704	4,916
Total comprehensive income for the period
attributable to non-controlling interests:
- From continuing operation	202	1,000
- From discontinued operation	-		-
		202	1,000

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CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 30 June 2019

		30 June		31 December
		2019	2018
	Notes	RMB'000		RMB'000
		(Unaudited)		(Audited)
Non-current assets
Property, plant and equipment		888	1,138
Equity instruments at fair value through
other comprehensive income		2,611	1,676
		3,499	2,814
Current assets
Trade and other receivables	11	78,168	102,865
Consideration receivables		-	5,321
Amount due from a related company		-	7,519
Investments in films, drama and non-drama		91,727	89,588
Films, drama and non-drama productions
in progress		130,141	91,500
Financial asset at fair value through profit or loss		-	24,719
Bank balances and cash		260,759	135,351
		560,795	456,863
Current liabilities
Trade and other payables	12	30,897	24,457
Contract liabilities	12	100,844	10,849
Amount due to a related company		1,102		-
Income tax payables		3,935	3,079
Bank borrowings		13,186	8,868
		149,964	47,253
Net current assets		410,831	409,610
		414,330	412,424

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	30 June	31 December
	2019		2018
	RMB'000	RMB'000
	(Unaudited)	(Audited)
Capital and reserves
Share capital	12,322		12,322
Reserves	408,409		406,705
Equity attributable to owners of the Company	420,731		419,027
Non-controlling interests	(6,401)	(6,603)
Total equity	414,330		412,424

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