Runway Global : Financial Statements/ESG Information - First Quarterly Report 2017

Man Shing Global Holdings Limited

萬成環球控股有限公司

( Incorporated in the Cayman Islands with limited liability ) ( Stock code : 8309 )

First Quarterly Report

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 report, for which the directors of Man Shing Global Holdings Limited 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 for the purpose of giving information with regard to Man Shing Global Holdings Limited. The directors of Man Shing Global Holdings Limited, having made all reasonable enquiries, confirm that to the best of their knowledge and belief, the information contained in this report 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 report misleading.

Man Shing Global Holdings Limited • First Quarterly Report 2017

First Quarterly Results (Unaudited)

The board (the "Board") of directors (the "Directors") of Man Shing Global Holdings Limited (the "Company") presents the unaudited condensed consolidated results of the Company and its subsidiaries (collectively the "Group") for the three months ended 30 June 2017 together with the comparative unaudited figures for the corresponding period in 2016. The first quarterly results are unaudited, but have been reviewed by the audit committee of the Company.

Consolidated Statement of Profit or Loss and Other Comprehensive Income

For the three months ended 30 June 2017

For the three months end 30 June

Notes	2017 HK$'000 Unaudited	2016 HK$'000 Unaudited
Revenue 3 Cost of sales	115,917 (106,530)	90,458 80,148
Gross profit Other income 4 Administrative expenses Finance costs 5	9,387 242 (13,895) (774)	10,310 98 (5,807 (711
Profit (Loss) before tax Income tax expenses 6	(5,040) (592)	3,890 (864
Profit (Loss) and total comprehensive income for the year attributable to owners of the Company 7	(5,632)	3,026
Earnings (Loss) per share (HK cents) Basic and diluted 8	(0.97)	0.82

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First Quarterly Report 2017 • Man Shing Global Holdings Limited 1

Condensed Consolidated Statement of Changes In Equity (Unaudited)

For the three months ended 30 June 2017

Share	Share	Other	Retained	Total
Capital	Premium	Reserve	Earnings	Equity
Notes	HK$'000	HK$'000	HK$'000	HK$'000	HK$'000

Total equity attributable to equity holders of the Company

Balance as at 1 April 2017	380	9,220	110	18,367	28,077
Profit (Loss) for the period	-	-	-	(5,632)	(5,632)
Issuance of ordinary shares
pursuant to capitalisation
issue	4,120	(4,120)	-	-	-
Issuance of ordinary shares
pursuant to share offer	1,500	46,500	-	-	48,000
Expense incurred in connection
with the issuance of
ordinary shares	-	(9,137)	-	-	(9,137)
Balance as at 30 June 2017 (unaudited)	6,000	42,463	110	12,735	61,308

For the three months ended 30 June 2016

Total equity attributable to equity holders of the Company

Share Capital

Share Premium

Other Reserve

Retained Earnings

Total Equity

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

Balance as at 1 April 2016 - - 110 28,585 28,695

Profit (Loss) for the period - - - 3,026 3,026

Balance as at 30 June 2016

(unaudited) - - 110 31,611 31,721

2 Man Shing Global Holdings Limited • First Quarterly Report 2017