Asia Pacific Silk Road Investment : PROFIT WARNING (in PDF)

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Asia Pacific Silk Road Investment Company Limited 亞 太 絲 路 投 資 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock Code: 767)

PROFIT WARNING

This announcement is made by Asia Pacific Silk Road Investment Company Limited (the ''Company'', and together with its subsidiaries, the ''Group'') pursuant to Rule 13.09 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 in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board (the ''Board'') of directors (the ''Directors'') of the Company wishes to inform the shareholders of the Company (the ''Shareholders'') and potential investors that based on the unaudited consolidated management accounts of the Group for the eleven months ended 30 November 2018 and other information currently available to the Group, the Group is expected to record a consolidated net loss for the year ended 31 December 2018 compared to a consolidated net profit for the year ended 31 December 2017. The Board considers that such expected consolidated net loss is mainly due to (i) the decrease in revenue contributed by the business segment of operation of peer-to-peer (''P2P'') financing platform and other loan facilitation services of the Group during the year; (ii) the impairment loss of approximately HK$1,717,000,000 in respect of the goodwill of the business of the operation of P2P financing platform of the Group recognised during the six months ended 30 June 2018; and (iii) the impairment loss of approximately HK$25,336,000 in respect of fixed assets recognised during the year following the early termination of a lease agreement by the Company as disclosed in the announcement of the Company dated 29 June 2018.

The information contained in this announcement is only based on the preliminary assessment by the Board on the unaudited consolidated management accounts of the Group for the eleven months ended 30 November 2018. The Company is still in the process of compiling its unaudited consolidated accounts for the year ended 31 December 2018, which are subject to adjustments as appropriate and final review of the Company and its auditor, in particular on the valuation of the goodwill and the loan and interest receivables of the Group.

Shareholders and potential investors are advised to read carefully the Company's annual results announcement for the year ended 31 December 2018 for further details, which is expected to be announced no later than the end of March 2019.

Shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Asia Pacific Silk Road Investment Company Limited

Li Jiuhua

Executive Director

Hong Kong, 3 January 2019

As at the date of this announcement, the Directors are:

Executive Director	Independent Non-executive Directors
Mr. Li Jiuhua	Mr. Wong Chun Hung
Mr. Zheng Zhen
Non-executive Directors	Mr. To Langa Samuelson
Mr. Yao Luo
Ms. Yu Yang

In the case of any inconsistency, the English text of this announcement shall prevail over the Chinese text.