By 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.
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 580) ESTIMATE OF RESULTS FOR THE YEAR ENDED 31 DECEMBER 2011
This announcement is made by Sun.King Power Electronics Group
Limited (the "Company", together with its subsidiaries, the
"Group") pursuant to Rule 3.09 of the Rules Governing the
Listing of Securities on The Stock Exchange of Hong Kong
Limited.
The board (the "Board") of directors (the "Directors") of the
Company wishes to inform the shareholders and potential
investors of the Company that based on a preliminary
estimate, it is expected that the Company will record a
remarkable increase in its revenue from operations and a
substantial decrease in its net profit for the year ended 3
December 20 as compared with that for the corresponding
period in 20 0.
The Board considers that the reasons for the decrease in the
net profit of the Company for the year ended 3 December 20
are as follows:
. as Swiss Franc continued to appreciate in 20 , the cost of
purchases of the Group was increased.
To alleviate the situation, the Group has negotiated with ABB
Switzerland Ltd Semiconductors as to the currency used in
purchases and has reached consensus that the Group may opt
for settling the purchase price in Swiss Franc or United
States dollars in the event that Swiss Franc continues to
appreciate in the near future;
2. although the acquisition of 56% equity interest in
Jiujiang Jiuzheng Rectifier Co. Ltd.* (
