International Elite : INSIDE INFORMATION - POSITIVE PROFIT ALERT 【PDF file】

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.

INTERNATIONAL ELITE LTD.

ၚߵ਷ყϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1328)

INSIDE INFORMATION POSITIVE PROFIT ALERT

This announcement is made by the Company pursuant to Inside Information Provisions under Part XIVA of the SFO and Rule 13.09(2)(a) of the Listing Rules.

The Board wishes to inform the shareholders of the Company and potential investors that, based on the preliminary assessment of the Group's unaudited consolidated management accounts for the year ended 31 December 2018 and information currently available to the Board, it is expected that the Group will record a significant increase in profit attributable to equity holders of the Company for the year ended 31 December 2018 as compared to a loss attributable to equity holders of the Company for the year ended 31 December 2017.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

This announcement is made by International Elite Ltd. (the "Company" and together with its subsidiaries, the "Group") pursuant to Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) under Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) (the "SFO") and Rule 13.09(2)(a) of the Listing Rules.

The board (the "Board") of directors of the Company (the "Directors") wishes to inform the shareholders of the Company and potential investors that based on the preliminary assessment of the Group's unaudited consolidated management accounts for the year ended 31 December 2018 and information currently available to the Board, it is expected that the Group will record a significant increase in profit attributable to equity holders of the Company for the year ended 31 December 2018 as compared to a loss attributable to equity holders of the Company for the year ended 31 December 2017.

To the best of the Directors' knowledge, the expected significant increase in profit attributable to equity holders of the Company for the year ended 31 December 2018 was mainly attributable to the gains on (i) the distribution in specie of shares in Global Link Communications Holdings Limited; and (ii) the disposal of the entire issued share capital of Sunward Telecom Limited and Mzone Network Limited.

The information contained in this announcement is only based on the preliminary assessment made by the Board with reference to the unaudited consolidated management accounts of the Group for the year ended 31 December 2018 and information currently available to the Board and such information has not been audited, confirmed and/or reviewed by the auditor of the Company. It is therefore, subject to finalization and necessary adjustments. Shareholders of the Company and potential investors are advised to read carefully the annual results announcement of the Company for the year ended 31 December 2018 which is expected to be announced by the end of March 2019.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

By order of the board of International Elite Ltd. Mr. Zhao John Huan

Chairman

Hong Kong, 14 March 2019

As at the date of this announcement, the Board comprises five executive Directors, namely Mr. Zhao John Huan, Mr. Lu Yan, Dr. Lin Tun, Mr. Yuan Bing and Ms. Li Yin and three independent non-executive Directors, namely Mr. Chen Xue Dao, Mr. Cheung Sai Ming, and Mr. Liu Chun Bao.