Golik : Positive Profit Alert

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.

POSITIVE PROFIT ALERT

This announcement is made by Golik Holdings Limited (the "Company", 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 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 a

preliminary review of the Group's unaudited consolidated management accounts for the year ended 31 December 2020 and information currently available to the Board, the Group expects to record an unaudited consolidated profit attributable to the Shareholders of not less than HK$80 million for the year ended 31 December 2020 as compared to the audited consolidated loss attributable to the Shareholders of approximately HK$6.2 million for the year ended 31 December 2019.

The Board considers that the turnaround from the audited consolidated loss attributable to the Shareholders to an unaudited consolidated profit attributable to the Shareholders is mainly attributable to the following factors:-

1) Improvement continued in overall performance of the Group's Building Construction

Materials business as contributed by more deliveries and better profit margin from operations of the steel services and ready mixed concrete; and

2)Improvement continued in overall performance of the Group's Metal Products business as contributed by better profit margin and revenue from certain steel wire and steel wire rope products, such as the steel strand, high end lifting wire ropes...etc.

As the Company is still in the process of finalizing an audited consolidated annual results of the Group for the year ended 31 December 2020, the information contained in this announcement is only based on the Board's preliminary assessment of the Group's unaudited consolidated management accounts which have not been audited by the Company's auditor or approved by the audit committee of the Company, and may be subject to adjustments. Actual audited annual results of the Group for the year ended 31 December 2020 to be published may be different from what have been contained in this announcement. The Company will announce its audited consolidated annual results for the year ended 31 December 2020 by the end of March 2021 in compliance with the Listing Rules.

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

Hong Kong, 12 March 2021

As at the date of this announcement, the Board comprises:

Executive Directors:

By Order of the Board Golik Holdings Limited

Pang Tak Chung MH

Chairman

Mr. Pang Tak Chung MH, Mr. Ho Wai Yu, Sammy, Ms. Pang Wan Ping and Mr. Lau Ngai Fai

Independent Non-executive Directors:

* For identification purpose only

Mr. Yu Kwok Kan, Stephen, Mr. Chan Yat Yan and Mr. Lo Yip Tong