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.

SUPPLEMENTAL ANNOUNCEMENT

IN RELATION TO THE ANNUAL REPORT

FOR THE YEAR ENDED 30 JUNE 2019

Reference is made to the annual report of New World Department Store China Limited (the "Company" and, together with its subsidiaries, the "Group") for the year ended 30 June 2019 published on 17 October 2019 (the "2019 Annual Report"). Unless the context requires otherwise, capitalised terms used herein shall have the same meanings as those defined in the 2019 Annual Report.

In addition to the information disclosed in the 2019 Annual Report, the board of directors of the Company (the "Board") would like to provide additional information in relation to other income of the Group for the year ended 30 June 2019.

OTHER INCOME

The Company recorded other income of HK$150,251,000 and HK$196,902,000 for the years ended 30 June 2019 and 2018, respectively, in which the item of "sundries" amounted to HK$43,655,000 and HK$34,729,000, respectively. The Board would like to provide a breakdown of the "sundries" item included in the note on "other income" set out in note 6 to the consolidated financial statements of the Group of the 2019 Annual Report as follows:

2019

2018

HK$'000

HK$'000

Carpark income

9,262

9,403

Service fee income

10,274

6,308

Other compensation income

12,318

13,176

Write-back of amount due to former shareholder of a

8,124

-

subsidiary

Sundries

3,677

5,842

43,655

34,729

The above additional information does not affect or vary other information contained in the 2019 Annual Report. Save as disclosed above, the contents of the 2019 Annual Report remain unchanged.

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By order of the board of

New World Department Store China Limited

Dr. Cheng Kar-shun, Henry

Chairman

Hong Kong, 27 August 2020

As at the date of this announcement, the non-executive Director is Dr. Cheng Kar-shun, Henry; the executive Directors are Dr. Cheng Chi-kong, Adrian and Mr. Cheung Fai-yet, Philip; and the independent non-executive Directors are Mr. Cheong Ying-chew, Henry, Mr. Chan Yiu-tong, Ivan, Mr. Tong Hang-chan, Peter and Mr. Yu Chun-fai.

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New World Department Store China Limited published this content on 27 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 August 2020 10:17:00 UTC