LI Bao Ge : POSITIVE PROFIT ALERT (in PDF)

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.

Li Bao Ge Group Limited лᘒტණྠϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8102)

POSITIVE PROFIT ALERT

This announcement is made by Li Bao Ge Group Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 17.10 of the Rules Governing the Listing of Securities on the Growth Enterprise Market (the "GEM Listing Rules") of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the Inside Information Provisions (as defined under the GEM Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Unless otherwise specified, terms used herein shall have the same meanings as those defined in the Company's prospectus dated 24 June 2016.

The board (the "Board") of directors (the "Director(s)") of the Company wishes to inform the shareholders of the Company (the "Shareholders") and potential investors that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2017 (the "Year") and assessment of the information currently available, the Group is expected to record a substantial increase in profit attributable to owners of the Company as compared to that of the year ended 31 December 2016, which was mainly attributable to (i) the listing expenses of approximately HK$7.5 million incurred by the Group for the year ended 31 December 2016 while there was no such expense being recorded for the Year; and (ii) the operating profit of the Shenzhen Restaurant had significantly increased for the Year as a result of the continued increase in revenue which led to the increase in gross profit generated by the Shenzhen Restaurant.

As the Company is still in the process of finalising the final results of the Group for the Year, the information contained in this announcement is only a preliminary assessment by the Board based on the latest information currently available, and is not based on any data or information which is finalised, audited or reviewed by the auditors of the Company. Shareholders and potential investors are advised to read the announcement of the Company in relation to the results of the Group for the Year carefully.

Shareholders of the Company and potential investors should exercise caution when dealing in the securities of the Company.

By the order of the Board

Li Bao Ge Group Limited

Chan Chun Kit

Chairman

Hong Kong, 23 January 2018

As at the date of this announcement, the executive Directors are Mr. Chan Chun Kit, Mr. Lam Kwok Leung Peter, Mr. Wong Ka Wai and Mr. Chow Yiu Pong David; and the independent non-executive Directors are Mr. Liu Chi Keung, Prof. Wong Lung Tak Patrick and Mr. Tam Tak Kei Raymond.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. 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.

This announcement will remain on the "Latest Company Announcements" page on the Growth Enterprise Market website atwww.hkgem.comfor at least 7 days from the date of its posting and will also be published on the Company's website atwww.starofcanton.com.hk.