China Golden Classic : Announcements and Notices -

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.

China Golden Classic Group Limited

中 國 金 典 集 團 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8281)

ANNOUNCEMENT OF INTERIM RESULTS

FOR THE SIX 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 China Golden Classic Group Limited (the ''Company'') collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the ''GEM Listing Rules'') for the purpose of giving information with regard to the Company. The Directors, 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 China Golden Classic Group Limited is pleased to announce the unaudited interim results of the Company and its subsidiaries (the ''Group'') for the three months and six months ended 30 June 2017 together with comparative figures for the last corresponding period as follows:

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the three months and six months ended 30 June 2017

Three months ended 30 June

Six months ended 30 June

2017 20162017 2016

Notes	RMB'000 (Unaudited)	RMB'000 (Unaudited)	RMB'000 (Unaudited)	RMB'000 (Unaudited)
Turnover	3	57,629	60,336	107,576	117,840
Cost of sales	(32,124)	(33,215)	(57,434)	(60,156)
Gross profit	25,505	27,121	50,142	57,684
Other income	1,429	895	2,067	1,476
Selling and distribution costs	(20,856)	(15,321)	(42,237)	(31,713)
Administrative expenses	(9,313)	(13,759)	(17,053)	(22,208)
Finance costs	(646)	(527)	(1,137)	(1,000)
(Loss) profit before tax	(3,881)	(1,591)	(8,218)	4,239
Income tax credit (expenses)	4	(96)	285	(106)	(595)
(Loss) profit for the period	5	(3,977)	(1,306)	(8,324)	3,644
Other comprehensive (expense)

income for the period

Item that may be reclassified

subsequently to profit or loss:

Exchange difference arising on translation of foreign

operations307 30514 (429)

Total comprehensive (expense)

(3,670)	(1,001)	(8,310)	3,215
6	(0.40)	(0.17)	(0.83)	0.49

income for the period attributable to owners of the Company

(Loss) Earnings per share

Basic and diluted (RMB cents)

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 30 June 2017

Notes	30 June 2017 RMB'000 (Unaudited)	31 December 2016 RMB'000 (Audited)
Non-current assets Property, plant and equipment	8	152,729	139,292
Prepaid lease payments	18,690	18,916
Intangible assets Deposits paid for acquisition of property, plant and equipment	- 2,221	59 4,458
Deferred tax assets	933	933
174,573	163,658
Current assets Inventories	34,997	28,609
Trade and other receivables	9	54,774	60,704
Prepaid lease payments	449	449
Bank balances and cash	29,963	78,942
120,183	168,704
Current liabilities Trade and other payables	10	51,898	75,303
Income tax payables	1,683	474
Bank and other borrowings	11	45,707	52,807
Deferred revenue	83	83
99,371	128,667
Net current liabilities	20,812	40,037
195,385	203,695
Capital and reserves Share capital	12	8,606	8,606
Reserves	186,779	195,089
195,385	203,695

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

For the six months ended 30 June 2017

Capital RMB'000	Share premiumRMB'000	Capital reserveRMB'000	PRC statutory reserveRMB'000	Translation reserve RMB'000	Retained profitsRMB'000	Total RMB'000
At 1 January 2017 (audited)	8,606	74,386	15	42,841	2,203	75,644	203,695
Loss for the period Other comprehensive income	-	-	-	-	-	(8,324)	(8,324)

for the period:

Transfer to statutory reserve- - - - - - -

Exchange difference arising on translation of foreign

operations- - - - 14- 14

Total comprehensive income

for the period	---	-	1 4	(8,3 24)	( 8,3 1 0)
At 30 June 2017 (unaudited)	8 , 60 6 7 4 , 38 6 1 5	4 2,8 4 1	2 ,21 7	6 7 ,3 20	19 5,3 8 5
At 1 January 2016 (audited)	- - 15	38,173	2,983	69,710	110,881
Profit for the period Other comprehensive income	- - -	-	-	3,644	3,644

for the period:

Exchange difference arising on translation of foreign

operations- - - - (429)- (429)

Total comprehensive income

for the period- - - - (42 9)3 ,6 443,2 1 5

At 30 June 2016 (unaudited)--1 5 3 8 ,1 73 2,55 4 7 3,3 5 4 1 1 4 ,0 96