Global Token : Announcements and Notices - Supplemental Announcement to the Annual Report of the Company for the Year Ended 31 December 2018

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.

GLOBAL TOKEN LIMITED

環球通証有限公司

(continued in Bermuda with limited liability)

(Stock Code: 8192)

SUPPLEMENTAL ANNOUNCEMENT

TO THE ANNUAL REPORT OF THE COMPANY

FOR THE YEAR ENDED 31 DECEMBER 2018

Reference is made to the annual report of Global Token Limited (the "Company", together with its subsidiaries, the "Group") for the year ended 31 December 2018 (the "2018 Annual Report"). Unless otherwise defined, terms used herein shall bear the same meanings as defined in the 2018 Annual Report.

As disclosed in the 2018 Annual Report, the Company has not utilized the remaining net proceeds of HK$5.5 million from the subscription of new shares and HK$42.47 million from the right issues. The Board would like to provide supplemental information on the details of the unutilized net proceeds as follows:

Subscription of New Shares
			Amount utilized		Amount to be
	Remaining for the six months		utilized for the
	balance as at	ended		year ending
	31 December 2018	30 June 2019	31 December 2019
	(HK$ million)	(HK$ million)		(HK$ million)
Repayment of short-term loan	-	-		-
Expansion of securities trading
business	5.5		0.83	4.67
General working capital	-	-		-
Total	5.5		0.83	4.67

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Rights Issue
			Amount utilized		Amount to be
	Remaining balance	for the six months		utilized for the
	as at 31 December		ended		year ending
	2018		30 June 2019	31 December 2019
	(HK$ million)		(HK$ million)		(HK$ million)
Development of securities
trading business	15.00	15.00		-
Development of money lending
business	0.03	0.03		-
Operations of carbon emission
trading platform	0.30	0.30		-
Investment business sector	23.66	11.12	12.54
General working capital	3.48	3.48		-
Total	42.47	29.93	12.54

Save as disclosed in the announcement of the Company dated 13 August 2019 in relation to the change of use of proceeds from rights issue. The Company intends to use the above remaining net proceeds as planned. The Directors are not aware of any material change to the planned use of proceeds from the subscription of new shares. The Company expects to utilize all the remaining net proceeds from the subscription of new shares and rights issue by 31 December 2019 as disclosed above.

By Order of the Board

Global Token Limited

Ma Jian Ying

Co-Chief Executive Officer and Executive Director

Hong Kong, 10 September 2019

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As at the date of this announcement, the board of Directors comprises Mr. Chen Ping, Ms. Ma Jian Ying, Ms. Xie Bin, Mr. Tsang Chun Kit Terence and Mr. Wang An Zhong as executive Directors, Mr. Shi Guang Rong as non-executive Director and Mr. Leung Wah, Ms. Wong Mei Ling and Mr. Qin Hui as independent non-executive Directors.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM 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 on the GEM website at www.hkgem.com on the "Latest Company Announcements" page for at least 7 days from the date of its posting and on the Company website at www.8192.com.hk.

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