International Mining : Announcements and Notices – ANNOUNCEMENT OF SECOND INTERIM RESULTS FOR THE NINE MONTHS ENDED 30 JUNE 2017

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Royal China International Holdings Limited

皇中國際控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1683) ANNOUNCEMENT OF SECOND INTERIM RESULTS FOR THE NINE MONTHS ENDED 30 JUNE 2017

The board (the "Board") of directors (the "Directors") of Royal China International Holdings Limited (the "Company") is pleased to announce the unaudited consolidated results of the Company and its subsidiaries (collectively referred hereafter as the "Group") for the nine months ended 30 June 2017, together with the comparative unaudited figures for the nine months ended 30 June 2016 as follows:

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the nine months ended 30 June 2017

Nine months ended 30 June

Notes	2017 HK$'000 Unaudited	2016 HK$'000 Unaudited
Revenue	4	74,412	94,623
Cost of sales	(46,002)	(52,894)
Gross profit	28,410	41,729
Other revenue and other gains	5	969	1,294
Other operating expenses	(1,487)	(740)
Administrative expenses	(22,122)	(14,234)
Profit before taxation	6	5,770	28,049
Taxation	7	(2,574)	(4,460)
Profit and total comprehensive income for the period	3,196	23,589

Profit and total comprehensive income for the

period attributable to owners of the Company 3,196 23,589

Earnings per share:

Basic and diluted (HK cents) 9 0.6 4.7

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 30 June 2017

Notes	As at 30 June 2017 HK$'000 Unaudited	As at 30 September 2016 HK$'000 Audited
Non-current asset Property, plant and equipment	6,184	3,878
Current assets Trade receivables	10	13,261	10,276
Amounts due from customers for contract work	11	-	919
Deposits, prepayments and other receivables	6,620	3,765
Cash and bank balances	156,189	154,235
176,070	169,195
Current liabilities Trade payables	12	5,861	6,629
Amounts due to customers for contract work	11	13,483	726
Accrued expenses and other payables	2,355	1,448
Income tax payable	746	7,657
22,445	16,460
Net current assets	153,625	152,735
Total assets less current liabilities	159,809	156,613
Net assets	159,809	156,613
Capital and reserves Share capital	5,000	5,000
Reserves	154,809	151,613
Total equity	159,809	156,613

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

For the nine months ended 30 June 2017

1. GENERAL INFORMATION

   Royal China International Holdings Limited (formerly known as LC Group Holdings Limited) (the "Company") was incorporated in Cayman Islands on 19 January 2015 as an exempted company with limited liability under the Companies Law, Cap. 22 (Law 3 of 1961, as consolidated and revised) of the Cayman Islands. The Company's registered office is located at Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands. The principal place of business of the Company is located at Suites 2608-11, 26th Floor, Champion Tower, Three Garden Road, Central, Hong Kong.

   The Company had its primary listing on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") on 8 September 2015.

   The Company is an investment company. The Company and its subsidiaries (collectively referred hereafter as the "Group") are principally engaged in one-stop integrated interior design solutions including design, fit out and decoration as well as overall project management.

   The condensed consolidated financial statements for the nine months ended 30 June 2017 are presented in Hong Kong dollars ("HK$"), which is also the functional currency of the Company. All values are rounded to the nearest thousand except when otherwise stated.

2. BASIS OF PREPARATION

   The condensed consolidated financial statements for the nine months ended 30 June 2017 have been prepared in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting" issued by the Hong Kong Institute of Certified Public Accountants (the "HKICPA") as well as with the applicable disclosure requirements of Appendix 16 to the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules").

   The condensed consolidated financial statements for the nine months ended 30 June 2017 do not include all the information and disclosures required in the annual financial statements, and should be read in conjunction with the Group's annual financial statements for the year ended 30 September 2016.

3. PRINCIPAL ACCOUNTING POLICIES

The condensed consolidated financial statements for the nine months ended 30 June 2017 have been prepared on the historical cost basis. Historical cost is generally based on the fair value of the consideration given in exchange for goods and services.