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    842   KYG546541015

LEOCH INTERNATIONAL TECHNOLOGY LIMITED

(842)
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Leoch International Technology : BUSINESS UPDATE

05/03/2021 | 06:13am EST

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 losshowsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Leoch International Technology Limited

理 士 國 際 技 術 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 842)

BUSINESS UPDATE

This announcement is made by Leoch International Technology Limited (the "Company" together with its subsidiaries, the "Group") on a voluntary basis.

The board of directors of the Company (the "Board") wishes to update the shareholders (the "Shareholders") and potential investors of the Company on the production plant of the Group situated in India (the "India Plant"). Over the past weeks, the number of coronavirus disease 2019 ("COVID- 19") cases accelerated rapidly in India and has continued to rise with increasing speed and severity. India's union territory of Delhi has extended its lockdown and many state governments in India are reported to be considering the implementation of further lockdown measures to curb the spread of COVID-19.

In view of the potential wider scope of lockdown in India which would affect a large part of the country, the Board considers that the operation of the India Plant would likely be adversely affected and as a result, an impairment loss may need to be recognised and recorded in the consolidated statement of profit and loss of the Group, thereby having a negative impact on the results of the Group.

The Company will closely monitor the situation of COVID-19 in India and is prepared to adopt contingent measures to minimise the impact of COVID-19 on the India Plant. Further announcement(s) will be made by the Company to keep the Shareholders and potential investors informed of any material development as and when appropriate.

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

By Order of the Board of

Leoch International Technology Limited

Mr. Dong Li

Chairman

Hong Kong, 3 May 2021

As at the date of this announcement, the executive directors are Mr. DONG Li and Ms. YIN Haiyan, and the independent non-executive directors are Mr. CAO Yixiong Alan, Mr. LAU Chi Kit and Dr. NAN Xinsheng.

Disclaimer

Leoch International Technology Limited published this content on 03 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2021 10:12:06 UTC.


ę Publicnow 2021
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Financials
Sales 2021 10 682 M 1 677 M 1 677 M
Net income 2021 83,5 M 13,1 M 13,1 M
Net Debt 2021 1 221 M 192 M 192 M
P/E ratio 2021 12,1x
Yield 2021 -
Capitalization 988 M 155 M 155 M
EV / Sales 2021 0,21x
EV / Sales 2022 0,16x
Nbr of Employees 13 917
Free-Float 25,7%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 0
Last Close Price 0,73 CNY
Average target price 1,66 CNY
Spread / Average Target 128%
EPS Revisions
Managers and Directors
Haiyan Yin Chief Executive Officer & Executive Director
Kam Keung Chow Chief Financial Officer & Secretary
Li Dong Chairman
Yi Xiong Cao Independent Non-Executive Director
Chi Kit Lau Independent Non-Executive Director