HONG KONG TECHNOLOGY VENTURE COMPANY LIMITED 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.
Unaudited Operational Information for February 2021
The board of directors (the "Board") of Hong Kong Television Network Limited (the "Company" and together with its subsidiaries, the "Group") is pleased to announce the Group's unaudited operational information for February 2021.
The unaudited operational information of the Group's online shopping platform and offline business for February 2021 is summarized as below:
In the month of
Change in PercentageFebruary 2021
January 2021
February 2020
February 2021 vs
January 2021
February 2021 vs February 2020
Average daily order number (rounded to the nearest hundred)
33,500
35,700
32,600
(6.2%) 2.8%
Average order value
HK$486
HK$509
HK$510
(4.5%) (4.7%)
(rounded to the nearest dollar)Average Daily Gross Merchandise Value ("GMV") on Order Intake i (rounded to the nearest hundred thousand)
HK$16.3 million
HK$18.2 million
HK$16.6 million
(10.4%) (1.8%)
Monthly GMV on Order Intakei (rounded to the nearest million)
HK$456 million
HK$564 million
HK$482 million
(19.1%) (5.4%)
In the month of
February 2021
January 2021
February 2020
Number of unique customers who made purchases at HKTVmall (rounded to the nearest thousand)
382,000
421,000
373,000
In the month ofFebruary 2021
January 2021
February 2020
Monthly Active Usersii (rounded to the nearest thousand)
App only:
1,353,000
1,473,000
1,823,000
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The Board considers that the moderate operational performance of February 2021 was mainly due to the following factors:
(i) less calendar days in February 2021 as compared with January 2021 and February 2020; and
(ii) the seasonal effect from the 2021 Chinese New Year long holiday.
The Board wishes to remind shareholders and potential investors of the securities of the Company that the above information is unaudited and is based on preliminary internal information of the Group, which may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual or half-yearly basis due to various uncertainties during the process of collating such sales information.
Shareholders and potential investors of the Company are cautioned not to unduly rely on such information and are advised to exercise caution in dealing in the
Company's securities.
By Order of the Board
Hong Kong Television Network Limited
Cheung Chi Kin, Paul
Chairman
Hong Kong, 5 March 2021
As at the date of this announcement, the executive Directors of the Company are Mr.
Cheung Chi Kin, Paul (Chairman), Mr. Wong Wai Kay, Ricky (Vice Chairman and Group Chief Executive Officer), Ms. Wong Nga Lai, Alice (Group Chief Financial Officer), Mr. Lau Chi Kong (Chief Executive Officer (International Business)) and Ms.
Zhou Huijing (Chief Executive Officer (Hong Kong)) and the independent non-executive Directors of the Company are Mr. Lee Hon Ying, John, Mr. Peh Jefferson Tun Lu and Mr. Mak Wing Sum, Alvin.
Notes:
iGross Merchandise Value ("GMV") on Order Intake represents the total gross sales dollar value for merchandise sold through a particular marketplace over a certain timeframe, before deduction of any discount offered by the marketplace, rebate used, cancellation and returns of merchandise sold.
ii.
Monthly active user data is extracted from Google Analytics and rounded to the nearest thousand, the computation method and basis of which have not been verified. The data for App Only users could be overlapping if the user re-installs the HKTVmall App on the same device or amends the advertising ID of its device in the same month.
The information for the same period can be changed at different points of time when capturing the data as Google Analytics performs the analysis on a sampling basis. According to Google Analytics, "Active User" is defined as the unique user who initiated sessions on the website or App within the selected date range.
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Hong Kong Television Network Limited published this content on 05 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2021 13:04:05 UTC.
