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    191   HK0000356805

LAI SUN GARMENT (INTERNATIONAL) LIMITED

(191)
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Joint Announcement: Final Results of eSun Holdings Limited and Lai Fung Holdings Limited for the Year Ended 31 July 2021

10/19/2021 | 10:41am EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this joint 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 joint announcement.

Joint Announcement

Final Results of

eSun Holdings Limited

and

Lai Fung Holdings Limited

for the Year Ended 31 July 2021

The board of directors ("Board") of each of Lai Sun Garment (International) Limited ("LSG") and Lai Sun Development Company Limited ("LSD", a 53.19%-owned subsidiary of LSG) refers to the final results of eSun Holdings Limited ("eSun", a 74.62%-owned subsidiary of LSD) and Lai Fung Holdings Limited ("Lai Fung", a 55.08%-owned subsidiary of LSD) for the year ended 31 July 2021 ("Financial Year") announced by eSun and Lai Fung on 19 October 2021 ("eSun Results Announcement" and "Lai Fung Results Announcement"). The issued shares of eSun and Lai Fung are listed and traded on the Main Board of The Stock Exchange of Hong Kong Limited ("Stock Exchange") (Stock Code: 571 and 1125).

In the eSun Results Announcement, eSun reported that among other matters, no dividend had been declared by its board of directors in respect of the Financial Year and it recorded the following audited results for the Financial Year:

  • Consolidated turnover of approximately HK$835,303,000
  • Consolidated loss attributable to owners of eSun of approximately HK$351,126,000
  • Basic and diluted loss per share attributable to owners of eSun of approximately HK$0.235

-1-

In the Lai Fung Results Announcement, Lai Fung reported that among other matters, no dividend had been declared by its board of directors in respect of the Financial Year and it recorded the following audited results for the Financial Year:

  • Consolidated turnover of approximately HK$3,196,582,000
  • Consolidated loss attributable to owners of Lai Fung of approximately HK$538,967,000
  • Basic and diluted loss per share attributable to owners of Lai Fung of approximately HK$1.628

The eSun Results Announcement and the Lai Fung Results Announcement are available on the respective websites of eSun at www.esun.com and Lai Fung at www.laifung.com, and the Stock Exchange at www.hkexnews.hk.

By Order of the Board

By Order of the Board

Lai Sun Garment (International) Limited

Lai Sun Development Company Limited

Chew Fook Aun

Chew Fook Aun

Executive Director and Deputy Chairman

Executive Director and Deputy Chairman

Hong Kong, 19 October 2021

As at the date of this joint announcement,

  1. the Board of LSG comprises five executive directors, namely Dr. Lam Kin Ngok, Peter (Chairman), Mr. Chew Fook Aun (Deputy Chairman), Madam U Po Chu, Mr. Lam Kin Hong, Matthew and Mr. Lam Hau Yin, Lester (also alternate to Madam U Po Chu); and three independent non-executive directors, namely Messrs. Leung Shu Yin, William, Lam Bing Kwan and Chow Bing Chiu; and
  2. the Board of LSD comprises five executive directors, namely Dr. Lam Kin Ngok, Peter (Chairman) and

Messrs. Chew Fook Aun (Deputy Chairman), Lau Shu Yan, Julius (Chief Executive Officer), Lam Hau Yin, Lester (also alternate to Madam U Po Chu) and Tham Seng Yum, Ronald; one non-executive director, namely Madam U Po Chu; and four independent non-executive directors, namely Messrs. Lam Bing Kwan, Leung Shu Yin, William, Ip Shu Kwan, Stephen and Leung Wang Ching, Clarence.

-2-

Disclaimer

Lai Sun Garment (International) Limited published this content on 19 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2021 14:40:07 UTC.


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Sales 2021 6 272 M 804 M 804 M
Net income 2021 -1 268 M -163 M -163 M
Net Debt 2021 20 079 M 2 575 M 2 575 M
P/E ratio 2021 -1,30x
Yield 2021 -
Capitalization 2 085 M 267 M 267 M
EV / Sales 2020 4,26x
EV / Sales 2021 3,42x
Nbr of Employees -
Free-Float 36,0%
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Managers and Directors
Chai Tuck Yip Chief Executive Officer
Kin Ngok Lam Chairman
Shu Yin Leung Independent Non-Executive Director
Bing Chiu Chow Independent Non-Executive Director
Bing Kwan Lam Independent Non-Executive Director