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REDUCTION IN LOSS

2024-06-18 00:00:00

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.KNT HOLDINGS LIMITED 嘉艺控股有限公司* (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1025) REDUCTION IN LOSS This announcement is made by KNT Holdings Limited (the “Company” together with its subsidiaries the “Group”) pursuant to Rule 13.09(2)(a) 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 (Chapter 571 of the Laws of Hong Kong).The board of directors (the “Board”) of the Company wishes to inform the shareholders of the Company (the “Shareholders”) and potential investors that based on the preliminary assessment on the unaudited consolidated management accounts of the Group for the year ended 31 March 2024 the Group is expected to record a loss of not less than approximately HK$25.0 million for the year ended 31 March 2024 before taking into account of further impairment or provisions if any that may be required to be made as compared to a loss of approximately HK$31.3 million for the year ended 31 March 2023.Based on the information currently available the expected decrease in loss was mainly attributable to (i) the decrease in administrative expenses and selling and distribution expenses of the Group for the year ended 31 March 2024 as compared with last year; and (ii) the decrease in impairment loss recognised in respect of property plant and equipment.* For identification purpose only 1The information contained in this announcement is only based on the preliminary review by the Board on the unaudited consolidated management accounts of the Group for the year ended 31 March 2024 and other information currently available which have yet to be finalised and have not been reviewed by the audit committee of the Board or audited by the auditor of the Company and may be subject to adjustments. Shareholders and potential investors of the Company are advised to read carefully the annual results announcement of the Company for the year ended 31 March 2024 which is expected to be published on 28 June 2024.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 KNT Holdings Limited Chong Sik Chairman and Executive Director Hong Kong 18 June 2024 As at the date of this announcement the Board comprises four executive directors namely Mr. Chong Sik Mr. Chong Pun Mr. Lam Chi Yuen and Dr. Dong Bin; one non-executive director namely Mr. Hu Shilin; and four independent non-executive directors namely Mr. Leung Martin Oh Man Mr. Lau Koong Yep Mr. Yuen King Sum and Mr. Lau Kwok Fan. 2