Wang Tai : Announcements and Notices - PROFIT WARNING

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Wang Tai Holdings Limited 宏太控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1400) PROFIT WARNING

This announcement is made by the Company pursuant to Rule 13.09 of the Listing Rules and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the SFO.

The Board wishes to inform the Shareholders and potential investors of the Company that the profit attributable to the Shareholders for the six months ended 30 June 2017 is expected to decrease as compared with that of the corresponding period in 2016.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

This announcement is made by Wang Tai Holdings Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO").

The board of directors of the Company (the "Board") wishes to inform the shareholders (the "Shareholders") and potential investors of the Company that the profit attributable to the Shareholders for the six months ended 30 June 2017 (the "Period") is expected to decrease as compared with that of the corresponding period in 2016.

Based on the information currently available to the Company, such decrease in profit is mainly attributable to the decrease in revenue and gross profit margin of the Group as a result of the worsening of market conditions and business environment and severe competition of the industry in which the Group operates, which resulted in a reduction in the sales volume and the selling prices of the Group's products. In addition, the increase in the Group's financing expenses was mainly due to increase in the average balance of borrowings in order to meet the needs of working capital during the Period.

The Board would also like to inform the Shareholders and potential investors of the Company that the financial position of the Group remains stable.

The Company is still in the process of finalising the financial results of the Group for the Period. The information contained in this announcement is only based on the preliminary review on the unaudited consolidated management accounts of the Group, which have not been reviewed nor audited by the auditors of the Company as at the date of this announcement. Shareholders and potential investors of the Company are advised to peruse the financial results for the Period with care when they are released. The interim results announcement of the Company for the Period is expected to be published by the end of August 2017.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Wang Tai Holdings Limited Lin Qingxiong

Chairman and Executive Director

Hong Kong, 8 August 2017

As at the date of this announcement, the Board comprises three executive Directors, namely Mr. Lin Qingxiong, Mr. Qiu Zhiqiang and Mr. Deng Qinghui; and three independent non-executive Directors, namely Mr. Chan Sui Wa, Mr. Ma Chongqi and Mr. Yu Yubin.