China Binary Sale Technology : Interim Results Announcement for the six months ended 30 June 2017

China Binary Sale Technology Limited

神 州 數 字 銷 售 技 術 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8255)

INTERIM RESULTS ANNOUNCEMENT

FOR THE SIX MONTHS ENDED 30 JUNE 2017

CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE ''STOCK EXCHANGE''AND THE ''GEM'', RESPECTIVELY )

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 the GEM mean that it is a market more suited to professional and other sophisticated investors.

Given the emerging nature of companies listed on the GEM, there is a risk that securities traded on the 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 the GEM.

Hong Kong Exchanges and Clearing Limited and the Stock Exchange 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.

This announcement, for which the directors of China Binary Sale Technology Limited (the ''Company''and the ''Directors'', respectively) collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM (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.

INTERIM RESULTS

The board of Directors (the ''Board'') presents the unaudited condensed consolidated results of the Company and its subsidiaries (collectively, the ''Group'') for the three months and six months ended 30 June 2017 together with relevant comparative audited/unaudited figures as follows:

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF 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

(Unaudited) (Unaudited) (Unaudited) (Unaudited) Notes RMB'000 RMB'000 RMB'000 RMB'000

Revenue 4 2,7457,740 8,70714,591

Cost of revenue (2,098)(1,767) (4,958)

(2,506)

Gross profit	647 5,9733,749	12,085
Other income and gains or losses Gains on fair value change of short-term investment	4	5,499 (11)5,240 - 662-	308 635
Selling and distribution expenses	(313) (806)(1,058)	(1,627)
Administrative expenses	(6,383)(5,500)(11,744)	(8,299)
(Loss)/profit before income tax expense	5	(550) 318(3,813)	3,102
Income tax expense	6	(136)(952)(53)	(1,709)
(Loss)/profit income for the period	(686)(634)(3,866)	1,393
Other comprehensive income Items that may be reclassified

subsequently to profit or loss:

Change in fair value of

available-for-sale financial assets(4,512)-12,651 -

Other comprehensive income for the year(4,512)-12,651 -

Total comprehensive income for

the period (5,198) (634)8,785 1,393

(Loss)/profit for the period attributable to:

Owners of the Company 436321 (2,548)2,494

Non-controlling interests (1,122)(955) (1,318)

(1,101)

(686)	(634)	(3,866)	1,393
(4,076)	321	10,103	2,494

Total comprehensive income for the period attributable to:

Owners of the Company

Non-controlling interests (1,122)(955) (1,318)

(1,101)

(Loss)/earnings per share (RMB cent)

(5,198)(634)8,7851,393

-Basic0.09 0.07(0.53)

0.52

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 30 June 2017

Notes	As at 30 June 2017 (Unaudited) RMB'000	As at 31 December 2016 (Audited) RMB'000
Assets Non-current assets Property, plant and equipment	1,531	1,505
Intangible assets	2,822	3,002
Financial assets available for sale	181,715	174,186
Long term prepayments	4,700	2,600
Total non-current assets	190,768	181,293
Current assets Trade receivables	9	217	8,685
Prepayments, deposits and other receivables	89,363	72,481
Inventories	9,336	19,932
Amounts due from related companies	-	484
Financial assets at fair value through profit or loss	-	2,379
Cash and cash equivalents	104,903	164,808
Total current assets	203,819	268,769
Liabilities Current liabilities Trade payables	10	22,277	89,708
Other payables and accruals	33,524	10,714
Current tax liabilities	-	19,437
Total current liabilities	55,801	119,859
Net current assets	148,018	148,910
Total assets less current liabilities	338,786	330,203
Non-current liabilities Deferred tax liabilities	8,296	8,498
Total non-current liabilities	8,296	8,498
NET ASSETS	330,490	321,705
Equity attributable to owners of the Company Issued capital	11	2,941	2,941
Reserves	317,582	307,479
320,523	310,420
Non-controlling interests	9,967	11,285
TOTAL EQUITY	330,490	321,705

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

For the six months ended 30 June 2017

Equity attributable to owners of the C ompany

Investment

Non-

Issued

Share

Capital

Statutory revaluation

Retained

controlling

Total

capital

premium

reserve

reserve

reserve

earnings Total

interests

equity

RMB'000 RMB'000 RMB'000 RMB'000 RMB'000 RMB'000 RMB'000 RMB'000 RMB'000

At 1 January 2016 2,941 47,899 1,371 15,113 -52,314 119,638 13,885 133,523

Profit/(loss) and total comprehensive

income for the period - - - - -2,494 2,494 (1,101) 1,393 Capital contribution from

non-controlling equity holders

of a subsidiary - - - - - - - - -

Appropriation to statutory reserve- - - 564- (5 64)- - -

At 30 June 20162, 941 47, 899 1 , 37 1 15, 677 -5 4 ,2 44 1 22, 132 12, 784 13 4,9 1 6

At 1 January 2017 2,941 47,899 1,371 17,110 34,717 206,382 310,420 11,285 321,705

Loss for the period - - - - -(2,548) (2,548) (1,318) (3,866)

Change in fair value of

available-for-sale financial assets----12 ,65 1 -12, 651 -12, 6 5 1Total comprehensive income----12 ,65 1 ( 2 ,5 48)10, 103 ( 1 , 318)8 ,7 85 At 30 June 20172, 941 47, 899 1 , 37 1 17, 110 47 ,36 8 20 3,8 3 4 3 20, 523 9, 967 33 0,4 9 0