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.

KEY UNAUDITED CONSOLIDATED FINANCIAL INFORMATION OF AN INDIRECT WHOLLYOWNED SUBSIDIARY OF THE COMPANY, SINOOCEAN HOLDING GROUP CHINA LIMITED,

FOR THE SIX MONTHS ENDED 30 JUNE 2020

This announcement is made by Sino-Ocean Group Holding Limited (the "Company", together with its subsidiaries, the "Group") on a voluntary basis.

Pursuant to the relevant rules and regulations of the People's Republic of China ("PRC") and the requirements of the China Securities Regulatory Commission (中國證券監督管理委員會) in relation to corporate bonds issued in PRC by Sino-Ocean Holding Group (China) Limited (遠洋控股集團(中 國)有限公司) ("SOG China"), an indirect wholly-owned subsidiary of the Company and the principal subsidiary of the Company in the PRC, SOG China will publish, among other things, its unaudited consolidated financial statements for the six months ended 30 June 2020 prepared in accordance with the China Accounting Standards for Business Enterprises on the website of Shanghai Stock Exchange (http://www.sse.com.cn) on or around 28 August 2020.

Set out below are the key financial figures of SOG China's unaudited consolidated financial statements for the six months ended 30 June 2020, together with the relevant comparative figures, which have been prepared in accordance with the China Accounting Standards for Business Enterprises:

As at 30 June 2020

As at 31 December 2019

RMB'000

RMB'000

(unaudited)

(audited)

Current assets

167,860,135

161,589,093

Non-current assets

45,552,018

50,312,499

Total assets

213,412,153

211,901,592

Current liabilities

115,467,497

114,563,375

Non-current liabilities

42,280,561

42,247,235

Total liabilities

157,748,058

156,810,610

Total equity

55,664,095

55,090,982

Cash resources#

35,363,816

22,952,004

  • including restricted bank deposit

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For the six months ended 30 June

2020

2019

RMB'000

RMB'000

(unaudited)

(unaudited)

Revenue

15,366,440

14,209,763

Net profit after taxation

1,727,893

2,338,567

The Company would like to remind shareholders and potential investors of the Company that the unaudited consolidated financial statements of SOG China for the six months ended 30 June 2020 to be published on the website of Shanghai Stock Exchange and the summary as disclosed in this announcement were prepared in accordance with the China Accounting Standards for Business Enterprises, which are limited solely to SOG China and its subsidiaries and do not represent or provide a full picture of the operation and financial conditions of the Group.

Shareholders and potential investors of the Company should exercise caution and should not place undue reliance on such information when dealing in the securities of the Company.

By order of the Board

Sino-Ocean Group Holding Limited

CHUNG Kai Cheong

Company Secretary

Hong Kong, 28 August 2020

As at the date of this announcement, the Board of the Company comprises:

Executive Directors:

Non-executive Directors:

Independent non-executive Directors:

Mr. LI Ming

Mr. ZHAO Peng

Mr. HAN Xiaojing

Mr. WANG Honghui

Mr. FU Fei

Mr. SUEN Man Tak

Mr. CUI Hongjie

Mr. HOU Jun

Mr. WANG Zhifeng

Ms. LI Liling

Mr. JIN Qingjun

Ms. LAM Sin Lai Judy

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Sino-Ocean Group Holding Ltd. published this content on 28 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 August 2020 10:58:06 UTC