This announcement is based on World Chinese Media Co., Ltd. (the “Company” and its subsidiaries collectively referred to as the “Group”) Rule 13.09 of the Securities Listing Rules of The Stock Exchange of Hong Kong Limited and Chapter 571 Securities and Futures of the Laws of Hong Kong
The inside information provision (as defined in the Listing Rules) under Part XIVA of the Ordinance was published. The board of directors of the company ("Board") would like to inform the shareholders and potential investors of the company, based on the current available and According to the information to be further reviewed, the Group expects to record the company’s record for the six months ended September 30, 2020. The loss attributable to owners of the company ranged from approximately US$4.7 million to US$5.2 million, compared to a profit of 5.4 million in the same period last year
Dollar. The expected loss is mainly due to (i) the global coronavirus outbreak has caused many countries to close cities and travel restrictions. The group’s travel business has caused a significant negative impact; and (ii) the global coronavirus epidemic has caused advertising expenditures in the market
The negative impact caused a significant decline in the advertising revenue of the Group. The information contained in this announcement is based solely on the unaudited consolidated management accounts of the Group and the Preliminary assessment. The above information has neither been reviewed or audited by the company’s auditors, nor The company's audit committee reviews, and the above information may be further adjusted.
Detailed financial information of the Group Expectations and performance will be disclosed in the unaudited consolidated financials of the Company for the six months ended September 30, 2020
The results announcement is expected to be published in late November 2020.
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