OOH : First Quarterly Results Announcement For The Three Months Ended 30 June 2017

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OOH Holdings Limited

奧 傳 思 維 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8091)

FIRST QUARTERLY RESULTS ANNOUNCEMENT FOR THE THREE MONTHS 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 OOH Holdings Limited (the ''Company'') collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM of the Stock Exchange (the ''GEM Listing Rules'') for the purpose of giving information with regard to the Company. The Directors of the Company, 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.

The board of Directors (the ''Board'') of the Company is pleased to announce the unaudited condensed consolidated results of the Company and its subsidiaries (collectively referred to as the ''Group'') for the three months period ended 30 June 2017, together with the audited comparative figures for the corresponding period in 2016 (the ''Financial Information''), as follows:

CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the three months period

ended 30 June

2017 2016

Notes HK$'000 HK$'000

(Unaudited) (Audited)

Revenue 3 13,159 14,787

Cost of sales (7,857)

(7,946)

Gross profit 5,302 6,841

Other income and gains, net 4 153 430

Selling expenses (1,897) (1,317)

Administrative expenses (2,388) (1,443)

Listing expenses - (4,799)

Finance costs 5 - (12)

Profit/(Loss) before income tax 1,170 (300)

Income tax expense 6 (253)

(676)

Profit/(Loss) for the period 917 (976)

Other comprehensive income

Item that may be reclassified to profit or loss:

Available-for-sale financial assets:

Change in value - 46

Reclassification adjustments for losses included in

the consolidated statement of profit or loss - (173) Other comprehensive income for the period, net of tax - (127) Total comprehensive income for the period 9 17 (1,103)

HK cents HK cents

Earnings/(Loss) per share

Basic and diluted 7 0. 16 (0.18)

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

For the three months period ended 30 June 2017

Share capital

Share premium

Other reserve

Available- for-sale

financial

assets reserve

Retained

earnings Total

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

(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)

At 1 April 2016 (audited) 10 - - (94) 28,750 28,666

Loss for the period - - - - (976) (976)

Other comprehensive income

Change in value of available-for-

sale financial assets - - - (127) - (127)

Total comprehensive income for

the period - - - (127) ( 97 6) (1,103)

At 30 June 2016 (audited) 10 - - (221) 2 7 , 77 4 27,563

At 1 April 2017 (audited) 7,200 35,371 (90) - 16,866 59,347

Profit for the period - - - - 91 7 917

At 30 June 2017 (unaudited) 7,20 0 35,371 (9 0) - 17 ,78 3 60,264

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1. GENERAL INFORMATION

   OOH Holdings Limited (the ''Company'') was incorporated in the Cayman Islands on 28 June 2016 as an exempted company with limited liability under the Companies Law, Cap 22 (Law 3 of 1961, as revised and consolidated) of the Cayman Islands and its shares had been listed on the Growth Enterprise Market (''GEM'') of The Stock Exchange of Hong Kong Limited (the ''Stock Exchange'') since 5 January 2017 (the ''Listing''). The address of its registered office is located at Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands and its principal place of business is located at Suite A5, 9/F, Jumbo Industrial Building, 189 Wai Yip Street, Kwun Tong, Kowloon, Hong Kong.

   The principal activity of the Company (together with its subsidiaries as the ''Group'') is investment holding. The principal activity of the Group is provision of advertising display services (the ''Business'') in Hong Kong.

2. BASIS OF PREPARATION

The unaudited condensed consolidated first quarterly financial statements of the Group for the three months period ended 30 June 2017 (the ''First Quarterly Financial Statements'') have not been audited by the Company's auditor, but have been reviewed by the audit committee of the Company. The First Quarterly Financial Statements have been prepared in accordance with all applicable Hong Kong Financial Reporting Standards (''HKFRSs''), Hong Kong Accounting Standards (''HKASs'') and Interpretations (hereinafter collectively referred to as the ''HKFRS'') issued by the Hong Kong Institute of Certified Public Accountants (''HKICPA'') and the disclosure requirements of the Hong Kong Companies Ordinance. In addition, the First Quarterly Financial Statements also comply with the applicable disclosure requirements under the GEM Listing Rules.

The First Quarterly Financial Statements are presented in Hong Kong Dollars (''HK$''), which is the same as the functional currency of the Company.