Igg : INTERIM RESULTS ANNOUNCEMENT 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.

IGG INC

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 799)

INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2019

The board of directors (the "Board") of IGG Inc (the "Company") hereby announces the unaudited results of the Company and its subsidiaries (collectively the "Group") for the six months ended 30 June 2019. This announcement, containing the full text of the 2019 interim report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") in relation to information to accompany preliminary announcements of interim results.

Both the English and Chinese versions of this results announcement are available on the websites of the Company (www.igg.com) and the Stock Exchange (www.hkex.com.hk).

The 2019 interim report of the Company will be published on the websites of the Company (www.igg.com) and the Stock Exchange (www.hkex.com.hk) and will be dispatched to the Shareholders of the Company in due course.

By order of the Board

IGG INC

Zongjian Cai

Chairman

Hong Kong, 5 August 2019

As at the date of this announcement, the Board comprises five executive Directors, namely, Mr. Zongjian Cai, Mr. Yuan Xu, Mr. Hong Zhang, Ms. Jessie Shen and Mr. Feng Chen; one non-executive Director, namely, Mr. Yuan Chi; and three independent non-executive Directors, namely, Dr. Horn Kee Leong, Mr. Dajian Yu and Ms. Zhao Lu.

CONTENTS
Corporate Information	2
Highlights	4
Management Discussion and Analysis	5
Corporate Governance	13
Other Information	14
Review Report on the Interim Financial Report	38
Consolidated Statement of Profit or Loss	39
Consolidated Statement of Comprehensive Income	40
Consolidated Statement of Financial Position	41
Consolidated Statement of Changes in Equity	43
Condensed Consolidated Cash Flow Statement	45
Notes to the Unaudited Interim Financial Report	46
Definition	71

CORPORATE INFORMATION
BOARD OF DIRECTORS	JOINT COMPANY SECRETARIES
Executive Directors	Ms. Jessie Shen
Mr. Zongjian Cai (Chairman and chief executive officer)	Ms. Yin Ping Yvonne Kwong (a fellow of The Hong Kong
Mr. Yuan Xu	Institute of Chartered Secretaries)
Mr. Hong Zhang
Ms. Jessie Shen	AUTHORISED REPRESENTATIVES
Mr. Feng Chen	Mr. Zongjian Cai
Ms. Jessie Shen
Non-executive Director	Ms. Yin Ping Yvonne Kwong
Mr. Yuan Chi
REGISTERED OFFICE
Independent Non-executive Directors	P.O. Box 31119, Grand Pavilion, Hibiscus Way
Dr. Horn Kee Leong	802 West Bay Road, Grand Cayman
Mr. Dajian Yu	KY1-1205 Cayman Islands
Ms. Zhao Lu
HEADQUARTERS AND PRINCIPAL PLACE OF
BOARD COMMITTEES	BUSINESS IN SINGAPORE
Audit Committee	80 Pasir Panjang Road
Dr. Horn Kee Leong (Chairman)	#18-84 Mapletree Business City
Mr. Dajian Yu	Singapore 117372
Ms. Zhao Lu
PRINCIPAL PLACE OF BUSINESS IN HONG
Nomination Committee	KONG
Dr. Horn Kee Leong (Chairman)	40th Floor, Sunlight Tower
Mr. Zongjian Cai	No. 248 Queen's Road East
Mr. Dajian Yu	Wanchai
Ms. Zhao Lu	Hong Kong
Remuneration Committee	AUDITOR
Ms. Zhao Lu (Chairman)	KPMG
Mr. Zongjian Cai
Mr. Dajian Yu

CORPORATE INFORMATION

LEGAL ADVISER AS TO HONG KONG LAWS Jingtian & Gongcheng LLP

LEGAL ADVISER AS TO PRC LAWS Jingtian & Gongcheng

PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE

SMP Partners (Cayman) Limited

Royal Bank House - 3rd Floor, 24 Shedden Road P.O. Box 1586, Grand Cayman, KY1-1110 Cayman Islands

HONG KONG SHARE REGISTRAR Computershare Hong Kong Investor Services Limited Shops 1712-1716, 17th Floor, Hopewell Centre

183 Queen's Road East, Wanchai

Hong Kong

PRINCIPAL BANKS

Citibank N.A. Singapore Branch

Standard Chartered Bank (Singapore) Limited

The Hongkong and Shanghai Banking Corporation Limited

INVESTOR RELATIONS CONSULTANT

Strategic Financial Relations Limited

COMPANY WEBSITEwww.igg.com

HIGHLIGHTS

Six months ended 30 June 2019

2018

US$' 000	HK$' 0002	US$' 000	HK$' 0002
(Unaudited)	(Unaudited)
Revenue	354,666	2,782,177	388,495	3,043,586
Profit for the period	70,702	554,622	98,389	770,809
Profit for the period attributable to equity
shareholders of the Company	70,714	554,716	98,613	772,564
Adjusted net income1	72,880	571,707	101,135	792,322

• - The Group's revenue for the Period was US$354.7 million, representing a decrease of 9% compared to the revenue of US$388.5 million for the corresponding period in 2018, but remained stable compared with US$360.3 million for the second half of 2018.

• - The Group's profit for the Period was US$70.7 million, representing a decrease of 28% compared to the profit of US$98.4 million for the corresponding period in 2018 and a decrease of 22% compared to the profit of US$90.9 million for the second half of 2018.

• - The Group's profit attributable to equity shareholders of the Company for the Period was US$70.7 million, representing a decrease of 28% compared to US$98.6 million for the corresponding period in 2018 and a decrease of 22% compared to US$90.6 million for the second half of 2018.

• - The Group's adjusted net income for the Period was US$72.9 million, representing a decrease of 28% compared to US$101.1 million for the corresponding period in 2018 and a decrease of 22% compared to US$92.9 million for the second half of 2018.

• - The Board has resolved to declare an interim dividend of HK13.0 cents per ordinary Share (equivalent to US1.7 cents per ordinary Share), amounting to approximately US$21.2 million (for the six months ended 30 June 2018: interim dividend of HK17.7 cents per ordinary Share, equivalent to US2.3 cents per ordinary Share).

• 1 Adjusted net income represents profit excluding share-based compensation. It is considered a useful supplement to the consolidated statement of profit or loss indicating the Group's profitability and operational performance for the financial periods presented.

• 2 Amounts denominated in U.S. dollars have been converted into Hong Kong dollars at an exchange rate of HK$7.8445=US$1.00 for the Period (for the six months ended 30 June 2018: HK$7.8343=US$1.00), for illustration purpose only. Such conversions shall not be construed as representations that such amount in U.S. dollars were or could have been or could be converted into Hong Kong dollars at such rates or any other exchange rates on such date or any other date.