Hi Sun Technology China : POSITIVE PROFIT ALERT FOR THE YEAR ENDING 31 DECEMBER 2016 (in PDF)

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HI SUN TECHNOLOGY (CHINA) LIMITED

高陽科技（中國）有限公司*

(incorporated in Bermuda with limited liability)

(Stock Code: 818) POSITIVE PROFIT ALERT FOR THE YEAR ENDING 31 DECEMBER 2016

Based on the currently available information, the Board wishes to inform the shareholders and prospective investors of the Company that the Group is expected to record a significant increase in operating profit for YEAR 2016, as compared to approximately HK$6.5 million for YEAR 2015.

The information contained in this announcement is only based on the unaudited management accounts of the Group for the eleven months ended 30 November 2016 which has not been audited by the auditors of the Company and other information currently available to the Group. The Board expects that the announcement of the consolidated results of the Group for YEAR 2016 will be published in March 2017.

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

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

* for identification purpose only

The board of directors (the "Board") of the Company wishes to inform the shareholders and prospective investors of the Company that following preliminary review of the information which includes, but without limitation to, the unaudited management accounts of the Group for the eleven months ended 30 November 2016 which have not been audited by the auditors of the Company and other information currently available to the Group, the Group is expected to record a significant increase in operating profit for the year ending 31 December 2016 ("YEAR 2016") as compared to approximately HK$6.5 million for the year ended 31 December 2015 ("YEAR 2015"). This is primarily attributable to the significant increase in turnover of the payment processing solutions segment for the eleven months ended 30 November 2016 (YEAR 2015: segmental turnover of approximately HK$511.2 million).

The Board expects to announce the audited results of the Group for YEAR 2016 in March 2017.

This positive profit alert is based on the information currently available to the Board. There may be changes or adjustments following further review of the unaudited management accounts for YEAR 2016 by the Board.

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

By order of the Board

HI SUN TECHNOLOGY (CHINA) LIMITED Li Wenjin

Executive Director

Hong Kong, 22 December 2016

As at the date of this announcement, the Board consists of five Executive Directors, namely, Mr. Cheung Yuk Fung, Mr. Kui Man Chun, Mr. Xu Wensheng, Mr. Li Wenjin and Mr. Xu Chang Jun; and three Independent Non-Executive Directors, namely Mr. Tam Chun Fai, Mr. Leung Wai Man, Roger and Mr. Chang Kai-Tzung, Richard.