Super Strong : ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 30 JUNE 2017 2017-09-15

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.

Super Strong Holdings Limited

宏強控股有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 8262) ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 30 JUNE 2017 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ("GEM") OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors. Given the emerging nature of companies listed on GEM, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board of the Stock Exchange and no assurance is given that there will be a liquid market in the securities traded on GEM.

This announcement, for which the directors (the "Directors") of Super Strong Holdings Limited (the "Company") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the "GEM Listing Rules") for the purpose of giving information with regard to the Company and its subsidiaries (collectively refer to as the "Group"). The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

ANNUAL RESULTS

The board of Directors (the "Board") of the Company is pleased to announce the audited consolidated results of the Company and its subsidiaries for the year ended 30 June 2017, together with the audited comparative figures for the year ended 30 June 2016 as follows:

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the year ended 30 June 2017

2017 2016

Notes HK$'000 HK$'000

Revenue	4	651,426	560,280
Direct costs	(622,124)	(521,225)
Gross profit	29,302	39,055
Other income	327	1,275
Other gains and losses	(180)	(758)
Administrative expenses	(22,245)	(18,817)
Listing expenses	-	(10,935)
Finance costs - interest expense on bank borrowings	(119)	(122)
Profit before taxation	5	7,085	9,698
Income tax expense	6	(1,180)	(3,688)

Profit and total comprehensive income

for the year attributable to owners of the Company 5,905 6,010

Earnings per share 8

Basic (HK cents) 0.74 0.90

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

At 30 June 2017

Notes	2017 HK$'000	2016 HK$'000
Non-current assets
Plant and equipment	726	112
Deferred tax assets	23	112
Deposits and prepayments	8,834	8,824
9,583	9,048
Current assets Trade receivables	9	48,153	64,471
Other receivables, deposits and prepayments	1,973	1,526
Amounts due from customers for contract work	95,501	64,772
Pledged bank balances	77,736	35,877
Bank balances and cash	71,755	101,989
295,118	268,635
Current liabilities Trade payables	10	28,095	24,804
Other payables and accrued charges	110,002	83,046
Amounts due to customers for contract work	996	6,383
Tax payable	4,985	8,777
Bank borrowings	5,000	5,000
Provisions	1,769	1,724
150,847	129,734
Net current assets	144,271	138,901
Net assets	153,854	147,949
Capital and reserves Share capital	11	8,000	8,000
Reserves	145,854	139,949
Equity attributable to owners of the Company	153,854	147,949

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

For the year ended 30 June 2017

Share capital

Share premium

Capital contribution

Accumulated

profits Total

HK$'000 HK$'000 HK$'000 HK$'000 HK$'000

At 1 July 2015 5,000 - (2,591) 88,464 90,873

Profit and total comprehensive income

for the year - - - 6,010 6,010

Dividends paid (note 7) Reorganisation (note i below)	- (5,000)	- -	- 5,000	(7,000) -	(7,000) -
Contribution from a shareholder (note 2(i))	-	-	10,000	-	10,000
Issue of shares upon placing (note 11)	1,600	51,200	-	-	52,800
Transaction costs directly attributable to
issue of shares	-	(3,897)	- - (3,897)
Capitalisation Issue (note 11)	6,400	(6,400)	- - -
Deemed distribution arising from issue of

financial guarantee to a related company

(note ii below) - - (2,591) - (2,591)

Reversal of financial guarantee liability

upon early termination of the guarantee - - 1,754 - 1,754

At 30 June 2016	8,000	40,903	11,572	87,474	147,949
Profit and total comprehensive income for the year	-	-	-	5,905	5,905

At 30 June 2017 8,000 40,903 11,572 93,379 153,854

Notes:

1. The amount represents the excess of the combined share capital of the operating subsidiaries over the shares issued by the Company pursuant to the group reorganisation as detailed in note 2.

2. The amount represents the fair value of a financial guarantee issued by a subsidiary of the Company to a company related to Mr. Kwok Tung Keung ("Mr. Kwok") for banking facilities granted to the subsidiary and the related company jointly before the Reorganisation (as defined in note 2). The guarantee was released on 23 October 2015 upon early termination of the banking facilities.