SKYWORTH DIGITAL HOLDINGS LIMITED (創 維 數 碼 控 股 有 限 公 司)* (Incorporated in Bermuda with Limited Liability) (Stock Code: 00751)
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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. SKYWORTH DIGITAL HOLDINGS LIMITED (創 維 數 碼 控 股 有 限 公 司)* (Incorporated in Bermuda with limited liability) (Stock Code: 00751) OVERSEAS REGULATORY ANNOUNCEMENT 2018 ANNUAL RESULTS OF SKYWORTH DIGITAL CO., LTD. This announcement is made by the board of directors (the “Board”) of Skyworth Digital Holdings Limited (the “Company”) pursuant to Rules 13.09(2) and 13.10B 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). Skyworth Digital Co., Ltd. (“Skyworth Digital”, Shenzhen Stock Code: 000810), an A-share listed company on the Shenzhen Stock Exchange and a non-wholly owned subsidiary of the Company, in which the Company is indirectly interested in approximately 57.21% of its shareholding, has issued an announcement relating to its audited annual results for the twelve months ended 31 December 2018 (the “Announcement”). Set out in the Appendix hereto is an extract of certain information in the Announcement. Skyworth Digital does not distribute cash dividends or bonus shares or convert capital reserve into share capital. Shareholders of the Company and potential investors should take note that the Announcement and the full version of the annual report of Skyworth Digital in Chinese will be published on the information website of the Shenzhen Stock Exchange (http://www.cninfo.com.cn/). By order of the Board Skyworth Digital Holdings Limited Lai Weide Chairman of the Board Hong Kong, 25 March 2019 As at the date of this announcement, the Board of the Company comprises Mr. Lai Weide as the Chairman of the Board; Mr. Liu Tangzhi as executive director and the chief executive officer; Ms. Lin Wei Ping, Mr. Shi Chi and Mr. Lin Jin as executive directors; and Mr. Li Weibin, Mr. Cheong Ying Chew, Henry and Mr. Li Ming as independent non-executive directors. * For identification purpose only -1- Appendix Stock Code: 000810 Stock Name: Skyworth Digital Announcement Number: 2019-017 Extract of 2018 Annual Results Announcement of Skyworth Digital Co., Ltd. I. Important notes 1. This summary derives from the full version of the annual report. In order to understand the operating results, financial situation and future development plans of the Company, investors are advised to read the full version of the annual report carefully via the designated media of the China Securities Regulatory Commission. 2. The Board of Directors and its members, the Board of Supervisors and its members, as well as the senior management of the Company confirm that the information contained in the annual report is authentic, accurate and complete and is free from false representations, misleading statements and material omissions. And they jointly and severally accept legal responsibility therefor. 3. All directors attended the board meeting for reviewing this report. 4. Prompt of non-standard audit opinion □ Applicable √ Not Applicable 5. Proposal on profit distribution for ordinary shares or capitalisation from public reserves as audited by the Board of Directors for the reporting period: □ Applicable √ Not Applicable The Company does not propose to distribute cash dividends or bonus shares or convert capital reserve into share capital. Proposal on profit distribution for preferred stocks as approved of by the Board of Directors by resolution for the reporting period: □ Applicable √ Not Applicable II. General Information of the Company 1. Company information Stock Name Skyworth Digital Stock Code 000810 Exchange on which listed Shenzhen Stock Exchange Contact person and details Secretary of the Board Representative of Securities Affairs Name Zhang Zhi Liang Jing 16/F, Block A, Skyworth Building, 16/F, Block A, Skyworth Building, High Tech South 1 Avenue, Science High Tech South 1 Avenue, Science Business address and Technology Park, Nanshan and Technology Park, Nanshan District, Shenzhen District, Shenzhen Fax 0755-26010028 0755-26010028 Telephone number 0755-26010018 0755-26010680 E-mail [email protected] [email protected] -2- 2. Principal activities or products during the reporting period (I) Principal activities of the Company during the reporting period The Company is mainly engaged in research, development, production, sales, operation of and services involving digital TV smart box terminals and related software systems and platforms, primarily targeting operators (domestic broadcast operators, the top three telecom operators in China, global/overseas Pay-TV operators, Android TV ecosystems, etc.), as well as retail channel markets for domestic B2C and overseas B2B2C commerce. At the same time, being fully engaged in the development and manufacturing of terminals for intelligent access networks, connected home, the Internet of Things (IoT) and smart automotive electronics, the Company is committed to creating a smart internet plus lifestyle that features both “living room for the home” and “living room for the road”. The Company offers a complete series of products, systems and platforms of digital intelligent terminals, together with related operation and services. Major digital smart network set-top boxes include those with 4K ultra-HD, IPTV+OTT, Internet OTT, IPTV, intelligent interconnection integration, DVB cable HD two-way interaction, digital cable TV, terrestrial digital TV, direct broadcast satellite TV features. The Company also offers mainstream terminals for smart network access, connected home and the IoT, including intelligent gateways, ONUs, EPONs, GPONs, Cable Modems, WiFi routers, CATV optical devices, EOCs, C-Docsis, Smart Home, etc. Enabled by the assimilation of various functions, including, among others, integrated network access, interconnection, the IoT, AI, PVR, 4K, audio, projection, karaoke, smart speech and conferencing, products and systems under the Skyworth smart home ecology are becoming more intelligent, platform-oriented, systematic, ecologic, interactive and diversified. Within the domestic B2B broadcasting market, the Company offers platforms and systems that support business operations in related networks, such as the broadcast network cable TV IP, OTT and DVB+OTT. Among others, there are IP-based video business operation platforms (including operation support, media asset management, intelligent EPGs, OTA upgrading, CDN distribution, multi-screen interaction, APP stores, personal cloud storage, unified content management, unified portal management, smart advertising management, big data analysis, etc.). There are also platforms for operator Wi-Fi value-added services management and e-commerce business channelling. As for overseas markets around the world, with the accelerated transformation towards IP-based broadband networks, the advent of artificial intelligence and the Google-led combination of its Android TV ecosystem with rich HD contents, we have seen the needs for new services arising from many Android-based eco-systems, such as IPTV, DVB+OTT and OTT+ operations. The Company focuses on the research, manufacturing and marketing of new product series within the Android ecosystems, and has established global strategic partnership with Google and Netflix. In the B2C retail market, the Company has been actively engaged in the operations and services of independent OTT cloud platforms, in view of the further deployment of Skyworth’s own 2C brands and the rapid growth in active users. Among others, the Company utilizes its big data platform to effectively support refined operation targeting OTT users, which covers a number of operational services such as VIP users, content, pre-movie ads and pop-up ads, as well as APP distribution, APP stores, education, shopping and entertainment. Not only did Skyworth Digital achieve a breakthrough with its “entry-level smart home” smart ecology series to further diversify applications and service ecosystems for smart homes, it also managed to establish a comprehensive and thorough resource deployment in the smart home eco-chain through an approach that focuses on “access, connection & services”. In view of the trends of intelligent driving, dashboard digitisation and new energy vehicles, the Company also prioritises the research, development, manufacturing and sales of line-fit automotive smart electronic systems, including smart centre console (including navigation) systems, event data recorders, smart rearview mirrors, digital LCD instrument cluster systems, and intelligent driver assistance systems and platforms, so as to create a smart car cockpit. At present, the Company mainly works on line-fit projects for domestic Chinese brands and joint-venture automobile brands at home, such as Changjiang New Energy, Haima New Energy, Dongfeng Renault, Jiangling Motors, Jianghuai Automobile, Dongfeng Peugeot-Citroën, Chery Automobile, Nanjing Golden Dragon, Hanteng Auto and Borgward. In terms of intelligent manufacturing, Skyworth LCD, one of the Company’s subsidiaries, is engaged in the R&D, production and sales of small and medium-sized display modules (including OLED modules), LED strips, POS