Pax Global Technology : SALES ANNOUNCEMENT

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PAX Global Technology Limited

百富環球科技有限公 司 *

(Incorporated in Bermuda with limited liability)

(Stock Code: 327) SALES ANNOUNCEMENT

This announcement is made by PAX Global Technology Limited ("PAX" or the "Company", and together with its subsidiaries, the "Group"), to provide the investors and shareholders of the Company with the following operational update on the Group's business.

The board of directors of the Company (the "Board") sets out in this announcement information regarding the unaudited consolidated revenue of the Group for the nine months ended 30 September 2017 (the "Period") for the Company's investors' and shareholders' information.

TURNOVER FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2017

The Group recorded unaudited consolidated revenue of HK$2,524.1 million for the Period. During the Period, turnover generated from the Latin America and the Commonwealth of Independent States Region ("LACIS"), Europe, the Middle East and Africa Region ("EMEA"), the United States of America and Canada Region ("USCA"), and the Asia Pacific Region (except for Mainland China) ("APAC") increased by approximately 113.5%, 0.5%, 25.3% and 36.6% respectively to approximately HK$1,015.6 million, HK$446.8 million, HK$177.5 million and HK$174.2 million respectively. Turnover generated from the People's Republic of China (excluding Hong Kong, Macau, and Taiwan) ("China") decreased by approximately 23.5% to approximately HK$710.0 million. Overall, the Group's total revenue during the Period increased by approximately 19.2%, compared to the corresponding period in 2016.

* For identification purpose only

The unaudited sales result of the Group by geographical region for the Period is set out below:

Turnover For the nine months ended 30 September 2017 2016 +/(-)

+/(-)

(Local Currency

LACIS	(HK$ million) 1,015.6	(HK$ million) 475.6	(HK$ Basis) +113.5%	Basis) +113.5%
EMEA	446.8	444.6	+0.5%	+0.5%
USCA	177.5	141.7	+25.3%	+25.3%
APAC	174.2	127.5	+36.6%	+36.6%
China	710.0	928.3	-23.5%	-19.8%
Total turnover	2,524.1	2,117.7	+19.2%	N/A

Owing to the increasingly global nature of the Group's customer base, turnover is primarily driven by local market demand in different regions of the world, with customer orders varying in size depending on the specific time of year. Quarterly turnover is therefore not representative for the Group's full year performance.

It should be noted that the information contained in this announcement is only based on a preliminary review of the unaudited consolidated management accounts of the Group, which have not been reviewed or audited by the Company's auditor. The above sales result does not constitute, represent or indicate the full picture of the Group's total revenue or financial performance and the information contained in this announcement may be subject to change and adjustment. The Company's shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board

PAX Global Technology Limited Li Wenjin

Executive Director

Hong Kong, 26 October 2017

As at the date of this announcement, the Board comprises three executive directors, namely Mr. Nie Guoming, Mr. Lu Jie and Mr. Li Wenjin and three independent non-executive directors, namely Mr. Yip Wai Ming, Dr. Wu Min and Mr. Man Kwok Kuen, Charles.