Sino ICT : POSITIVE PROFIT ALERT

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SINO ICT HOLDINGS LIMITED

芯成科技控股有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 00365)

POSITIVE PROFIT ALERT

This announcement is made by Sino ICT Holdings Limited (the "Company" and, 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 (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong).

The board of directors of the Company (the "Board") wishes to inform the shareholders of the Company (the "Shareholders") and potential investors that based on the information currently available, the Group is expected to record a consolidated net profit of approximately HK$19,868,000 for the year ended 31 December 2020 ("Year 2020") as compared to the consolidated net loss for the year ended 31 December 2019 ("Year 2019") of approximately HK$13,602,000.

Based on the information available, the Board considered that such expected increase in net profit for the Year 2020 as compared to the Year 2019 was mainly attributable to the expected increase in net profit before income tax of the core business SMT equipment manufacturing segment and of the securities investment segment.

The Company is still in the process of finalising the annual results of the Group for the Year 2020. The information contained in this announcement is only a preliminary assessment by the management of the Company based on information currently available to the Group. Such information has not been reviewed by the audit committee of the Company and may be subject to adjustments or amendments. Further details of the financial information of the Group for the Year 2020 will be published in due course pursuant to the requirements of the Listing Rules.

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

By order of the Board of

Sino ICT Holdings Limited

Du Yang Chairman

Hong Kong, 19 March 2021

As at the date of this announcement, the directors are Mr. Du Yang, Mr. Yuan I-Pei and Mr. Xia Yuan as executive directors;

Mr. Li Yongjun and Mr. Li Jinxian as non-executive directors; and Mr. Cui Yuzhi, Mr. Bao Yi and Mr. Ping Fan as independent non-executive directors.