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(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 637)
This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The board of directors (the "Board") of Lee Kee Holdings Limited (the "Company", and together with its subsidiaries, the "Group") wishes to inform the shareholders of the Company and investors that based on the preliminary assessment of the Group's latest unaudited management accounts, the Group is expected to record a loss attributed to equity holders of the Company for the six months ended 30th September 2019 (the "Interim Period") of a similar level to that for the same period in 2018 due to the worsening global macro-economic environment during the Interim Period that adversely impacted the Group's performance. The drop in metal prices, in particular zinc, which lowered the overall gross profit of the sale transactions made during the Interim Period, and resulted in a significant stock provision on the inventory held as at 30th September 2019 was also a main reason for the loss.
The information contained in this announcement is only based on the preliminary assessment made by the Company and has not been reviewed or audited by the auditors of the Company. Further details of the results of the Group for the Interim Period (the "Interim Results") will be provided in the Company's Interim Results announcement.
Shareholders of the Company and investors are advised to exercise caution when dealing in the shares of the Company.
As at the date of this announcement, the directors of the Company are Mr. CHAN Pak Chung, Ms. CHAN Yuen Shan Clara, MH, Mr. CHAN Ka Chun Patrick, Ms. OKUSAKO CHAN Pui Shan Lillian, Mr. CHUNG Wai Kwok Jimmy*, Mr. HU Wai Kwok* and Mr. HO Kwai Ching Mark*.
By Order of the Board
CHAN Pak Chung
Hong Kong, 1st November, 2019
* Independent Non-Executive Directors
Lee Kee Holdings Limited published this content on 01 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2019 10:02:17 UTC