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ROADSHOW HOLDINGS LIMITED 路訊通控股有限公司* (Incorporated in Bermuda with Limited Liability) (Stock Code: 888)

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ROADSHOW HOLDINGS LIMITED 路訊通控股有限公司* (Incorporated in Bermuda with Limited Liability) (Stock Code: 888) 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. ROADSHOW HOLDINGS LIMITED 路訊通控股有限公司* (Incorporated in Bermuda with limited liability) (Stock Code: 888) 2017 ANNUAL RESULTS ANNOUNCEMENT FINANCIAL HIGHLIGHTS Total revenue amounted to approximately HK$348.4 million (2016: HK$407.5 million), representing a decrease of approximately 14.5%. Loss attributable to equity shareholders of the Company was HK$6.6 million for the year ended 31 December 2017, compared with HK$45.3 million for 2016. The loss for the year was mainly attributable to the reduction in revenue mainly due to the gradual scaling down of the BUS-TV business which approached the expiry of the related licence agreement with The Kowloon Motor Bus Company (1933) Limited on 30 June 2017 and net off by exchange gain of approximately HK$12.3 million due to the appreciation of the Renminbi against Hong Kong dollars and net reversal of provision for onerous contracts of approximately HK$13.9 million. Basic loss per share based on the loss attributable to ordinary equity shareholders of the Company was HK0.66 cents, which was solely arising from the Group’s operation (2016: HK4.54 cents). The Directors do not recommend the payment of a final dividend for the year ended 31 December 2017 (2016: HK$Nil). ANNUAL RESULTS The directors of RoadShow Holdings Limited (the “Company” or “RoadShow”) (the “Directors”) submit herewith the consolidated statement of profit or loss and consolidated statement of profit or loss and other comprehensive income of the Company and its subsidiaries (collectively referred to as the “Group”) for the year ended 31 December 2017 and the consolidated statement of financial position of the Group at 31 December 2017, together with the relevant comparative figures. * For identification purposes only 1 CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the year ended 31 December 2017 (Expressed in Hong Kong dollars) Note 2017 2016 $’000 $’000 Revenue 3 & 4 348,449 407,511 Other revenue 5 10,759 17,125 Other net income/(loss) 5 14,274 (9,940) Total operating revenue 373,482 414,696 Operating expenses Royalty, licence and management fees (194,574) (206,153) Cost of production (69,548) (74,611) Staff expenditure (66,598) (66,010) Depreciation and amortisation (4,764) (15,241) Cost of inventories sold — (9,844) Repairs and maintenance (2,211) (5,926) Impairment loss on accounts receivable (2,858) (2,422) Impairment loss on intangible assets — (217) Write-down of inventories — (4,101) Impairment loss on property, plant and equipment (37) (22,910) Reversal of provision/(provision for) onerous contracts, net 15 13,910 (14,455) Other operating expenses (48,139) (34,905) Total operating expenses (374,819) (456,795) Loss before taxation 6 (1,337) (42,099) Income tax 7 (6,190) (25) Loss for the year (7,527) (42,124) Attributable to: Equity shareholders of the Company (6,577) (45,260) Non-controlling interests (950) 3,136 Loss for the year (7,527) (42,124) 2 CONSOLIDATED STATEMENT OF PROFIT OR LOSS (CONTINUED) For the year ended 31 December 2017 (Expressed in Hong Kong dollars) Note 2017 2016 $’000 $’000 Loss per share (in Hong Kong cents) 9 Basic and diluted (0.66) (4.54) Details of dividends payable to equity shareholders of the Company attributable to the year are set out in note 8. 3 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the year ended 31 December 2017 (Expressed in Hong Kong dollars) 2017 2016 $’000 $’000 Loss for the year (7,527) (42,124) Other comprehensive income for the year (after tax and reclassification adjustments): Item that may be reclassified subsequently to profit or loss: Exchange differences on translation of the financial statements of operations outside Hong Kong, net of tax 1,394 (1,015) Total comprehensive income for the year (6,133) (43,139) Attributable to: Equity shareholders of the Company (5,183) (46,275) Non-controlling interests (950) 3,136 Total comprehensive income for the year (6,133) (43,139) 4 CONSOLIDATED STATEMENT OF FINANCIAL POSITION At 31 December 2017 (Expressed in Hong Kong dollars) Note 2017 2016 $’000 $’000 Non-current assets Property, plant and equipment 15,491 13,629 Intangible assets — — Goodwill 10 40,770 — Non-current prepayments and deposits 3,218 1,523 Deferred tax assets 7,042 10,393 66,521 25,545 Current assets Inventories — — Amounts due from fellow subsidiaries — 5,203 Accounts receivable 11 91,737 101,154 Loan receivable 12 26,400 — Other receivables and deposits 57,305 10,098 Current tax recoverable 1,756 400 Pledged bank deposits 13 98,248 78,343 Bank deposits and cash 250,305 397,954 525,751 593,152 Current liabilities Accounts payable 14 29 1,977 Amount due to ultimate holding company — 3 Amounts due to fellow subsidiaries — 1,065 Other payables and accruals 95,227 99,165 Finance lease liabilities 151 — Provision for onerous contracts 15 545 14,455 Current tax payable 835 1,060 96,787 117,725 Net current assets 428,964 475,427 Total assets less current liabilities 495,485 500,972 Non-current liabilities Finance lease liabilities 590 — Deferred tax liabilities 194 138 784 138 NET ASSETS 494,701 500,834 5 CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED) At 31 December 2017 (Expressed in Hong Kong dollars) 2017 2016 $’000 $’000 CAPITAL AND RESERVES Share capital 99,737 99,737 Reserves 386,694 391,877 Total equity attributable to equity shareholders of the Company 486,431 491,614 Non-controlling interests 8,270 9,220 TOTAL EQUITY 494,701 500,834 6 NOTES (Expressed in Hong Kong dollars unless otherwise indicated) 1. BASIS OF PREPARATION The annual results set out in the announcement do not constitute the Group’s financial statements for the year ended 31 December 2017 but are extracted from those financial statements. The financial statements have been prepared in accordance with all applicable Hong Kong Financial Reporting Standards (“HKFRSs”), which collective term includes all applicable individual Hong Kong Financial Reporting Standards, Hong Kong Accounting Standards (“HKASs”) and Interpretations issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”), accounting principles generally accepted in Hong Kong and the disclosure requirements of the Hong Kong Companies Ordinance. The financial statements also comply with the applicable disclosure provisions of the Rules Governing the Listing of Securities on the Main Board of The Stock Exchange of Hong Kong Limited (the “Listing Rules”). 2. CHANGES IN ACCOUNTING POLICIES The HKICPA has issued several amendments to HKFRSs that are first effective for the current accounting period of the Group. None of these impact on the accounting policies of the Group. However, additional disclosure in financial statements has been included to satisfy the new disclosure requirements introduced by the amendments to HKAS 7, Statement of cash flows: Disclosure initiative, which require entities to provide disclosures that enable users of financial statements to evaluate changes in liabilities arising from financing activities, including both changes arising from cash flows and non-cash changes. The Group has not applied any new standard or interpretation that is not yet effective for the current accounting period. 7 3. SEGMENT REPORTING The Group manages its business by geographical areas. In a manner consistent with the way in which information is reported internally to the Group’s most senior executive management for the purposes of resource allocation and performance assessment, the Group has identified the following two reportable segments. Hong Kong: Provision of media sales, design and management services and production of advertisements Mainland China: Provision of media sales services and production of advertisements There are no sales between the reportable segments. For the purposes of assessing segment performance and allocating resources between segments, the Group’s most senior executive management monitors the results attributable to each reportable segment on the following bases: Revenue and expenses are allocated to the reportable segments with reference to sales generated by those segments and the expenses incurred by those segments or which otherwise arise from the depreciation and amortisation of assets attributable to those segments. Segment assets and liabilities include all current and non-current assets and liabilities, respectively, which are directly managed by the segments. 8 Information regarding the Group’s reportable segments for the years ended 31 December 2017 and 2016 is set out below. (a) Reportable segment revenues, profit or loss, assets and liabilities: Hong Kong Mainland China Total 2017 2016 2017 2016 2017 2016 $’000 $’000 $’000 $’000 $’000 $’000 Revenue from external customers 348,449 407,511 — — 348,449 407,511 Other revenue and other net income/(loss) 6,810 12,093 (161) 193 6,649 12,286 Reportable segment revenue 355,259 419,604 (161) 193 355,098 419,797 Reportable segment profit/(loss) 15,097 (13,651) (820) 53 14,277 (13,598) Depreciation and amortisation for the year (2,707) (13,018) — — (2,707) (13,018) Impairment loss on accounts receivable (2,858) (2,422) — — (2,858) (2,422) Impairment loss on intangible assets — (217) — — — (217) Write-down of inventories
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