DOCSLIB.ORG

LEYOU TECHNOLOGIES HOLDINGS LIMITED 樂遊科技控股有限公司 (Incorporated in the Cayman Islands with Limited Liability) (Stock Code: 1089)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
LEYOU TECHNOLOGIES HOLDINGS LIMITED 樂遊科技控股有限公司 (Incorporated in the Cayman Islands with Limited Liability) (Stock Code: 1089) 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. LEYOU TECHNOLOGIES HOLDINGS LIMITED 樂遊科技控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1089) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2020 FINANCIAL HIGHLIGHTS Six months ended 30 June 2020 2019 Change US$’000 US$’000 % (Unaudited) (Unaudited) RESULTS HIGHLIGHTS Revenue 90,692 105,671 –14.2% Gross profit 42,804 63,908 –33.0% Gross profit margin (%) 47.2% 60.5% –13.3% (Loss)/profit for the period attributable to the owners of the Company (5,788) 9,288 N/A EBITDA1 24,100 37,785 –36.2% Adjusted EBITDA2 46,735 43,368 +7.8% Basic (loss)/earnings per share (US cents) (0.19) 0.30 N/A Diluted (loss)/earnings per share (US cents) (0.19) 0.30 N/A Dividend per share (US$) Nil Nil N/A 1 As at As at 30 June 31 December 2020 2019 Change US$’000 US$’000 % (Unaudited) (Audited) STATEMENT OF FINANCIAL POSITION HIGHLIGHTS Total assets 311,130 322,848 –3.6% Total interest-bearing borrowings3 28,179 25,772 +9.3% Net assets 238,444 251,806 –5.3% Net assets per share (US$)4 0.08 0.08 – Current ratio 1.55 1.57 –1.3% Gearing ratio5 9.1% 8.0% +1.1% 1 EBITDA = Earnings before interest income, interest expense, taxation, depreciation and amortisation 2 Adjusted EBITDA = EBITDA less impairment losses and equity-settled share-based payment expenses 3 Total interest-bearing borrowings = Bank borrowings + debenture 4 Net assets per share (US$) = Net assets/Total number of shares at the end of the Reporting Period 5 Gearing ratio = Total interest-bearing borrowings/Total assets 2 The board (the “Board”) of directors (the “Directors”) of Leyou Technologies Holdings Limited (the “Company”) is pleased to present the unaudited interim condensed consolidated financial statements of the Company and its subsidiaries (collectively referred to as the “Group”) for the six months ended 30 June 2020 (the “Reporting Period”). These interim condensed consolidated financial statements have not been audited but have been reviewed by the audit committee of the Company (the “Audit Committee”) which comprises Mr. Hu Chung Ming (Committee Chairman), Mr. Chan Chi Yuen and Mr. Kwan Ngai Kit. INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the six months ended 30 June 2020 Six months ended 30 June 2020 2019 US$’000 US$’000 Notes (Unaudited) (Unaudited) Revenue 4 90,692 105,671 Cost of sales (47,888) (41,763) Gross profit 42,804 63,908 Other revenue and gains 5 6,251 873 Net loss on financial assets at fair value through profit or loss 8 (1,200) (821) Amortisation of intangible assets 8 (8,386) (8,707) Impairment of property, plant and equipment 8 (4,594) – Selling and marketing expenses (5,315) (6,222) Administrative expenses (20,095) (19,831) Finance costs 6 (1,020) (1,312) Other operating expenses – (4,390) Equity-settled share-based payment expenses 8 (3,894) (2,524) Profit before taxation 8 4,551 20,974 Taxation 7 (9,246) (10,744) (Loss)/profit for the period (4,695) 10,230 3 Six months ended 30 June 2020 2019 US$’000 US$’000 Notes (Unaudited) (Unaudited) (Loss)/profit for the period attributable to: Owners of the Company (5,788) 9,288 Non-controlling interests 1,093 942 (4,695) 10,230 (Loss)/earnings per share Basic (US cents per share) 9 (0.19) 0.30 Diluted (US cents per share) 9 (0.19) 0.30 4 INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the six months ended 30 June 2020 Six months ended 30 June 2020 2019 US$’000 US$’000 (Unaudited) (Unaudited) (Loss)/profit for the period (4,695) 10,230 Other comprehensive (loss)/income for the period, net of income tax: Items that will not be reclassified to profit or loss: Changes in the fair value of equity investments at fair value through other comprehensive income (600) 300 Items that may be reclassified subsequently to profit or loss: Exchange differences on translating foreign operation (12,281) 6,041 Other comprehensive (loss)/income for the period (12,881) 6,341 Total comprehensive (loss)/income for the period (17,576) 16,571 Total comprehensive (loss)/income for the period attributable to: Owners of the Company (18,493) 15,748 Non-controlling interests 917 823 (17,576) 16,571 5 INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 30 June 2020 As at As at 30 June 31 December 2020 2019 US$’000 US$’000 Notes (Unaudited) (Audited) Non-current assets Property, plant and equipment 31,683 36,194 Goodwill 74,901 79,250 Intangible assets 4,985 14,086 Development expenditure 86,444 84,667 Right-of-use assets 14,682 17,349 Financial assets at fair value through other comprehensive income 9,500 10,100 Deferred tax assets 525 560 222,720 242,206 Current assets Inventories 153 147 Trade receivables 11 19,198 22,575 Deposits paid, prepayments and other receivables 20,752 20,704 Financial assets at fair value through profit or loss 1,522 2,723 Tax recoverable 6,197 12,388 Cash and bank balances 40,588 22,105 88,410 80,642 Current liabilities Trade payables 12 3,440 3,498 Accruals and other payables 13,188 10,646 Bank borrowings 13 27,548 25,157 Lease liabilities 5,066 5,314 Contract liabilities 7,748 6,751 56,990 51,366 Net current assets 31,420 29,276 Total assets less current liabilities 254,140 271,482 6 As at As at 30 June 31 December 2020 2019 US$’000 US$’000 (Unaudited) (Audited) Equity Share capital 39,750 39,734 Reserves 192,513 206,808 Equity attributable to owners of the Company 232,263 246,542 Non-controlling interests 6,181 5,264 Total equity 238,444 251,806 Non-current liabilities Deferred tax liabilities 3,174 4,814 Lease liabilities 11,891 14,247 Debenture 631 615 Total non-current liabilities 15,696 19,676 Total equity and non-current liabilities 254,140 271,482 7 NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the six months ended 30 June 2020 1. BASIS OF PREPARATION Leyou Technologies Holdings Limited (the “Company”) was incorporated as an exempted company with limited liability in the Cayman Islands on 22 February 2010 under the Companies Law, Cap 22 (Law 3 of 1961, as consolidated and revised) of the Cayman Islands. The registered office and principal place of business of the Company are Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1- 1111, Cayman Islands and Suite 3201, Tower Two, Lippo Centre, 89 Queensway, Admiralty, Hong Kong (“HK”), respectively. The Company’s shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”). The Directors consider that Port New Limited, a company incorporated in the British Virgins Island (“BVI”), is the parent company and ultimate holding company of the Company. The interim condensed consolidated financial statements for the Reporting Period have been prepared in accordance with Hong Kong Accounting Standard 34 “Interim Financial Reporting” issued by the Hong Kong Institute of Certified Public Accountants (the “HKICPA”) and the disclosure requirements of Appendix 16 to the Rules Governing the Listing of Securities (the “Listing Rules”) on the Stock Exchange. The interim condensed consolidated financial statements do not include all the information and disclosures required for annual financial statements, and should be read in conjunction with the consolidated financial statements of the Group for the year ended 31 December 2019 as contained in the Company’s Annual Report 2019 (the “Annual Report 2019”). The preparation of the interim condensed consolidated financial statements in conformity with HKAS 34 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses on a year to date basis. The interim condensed consolidated financial statements are presented in United States Dollars (“US$”) and all values are rounded to the nearest thousand (US$’000) except when otherwise indicated. The interim condensed consolidated financial statements are unaudited but have been reviewed by the Audit Committee. 8 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies used in the preparation of the interim condensed consolidated financial statements are consistent with those used in the Annual Report 2019, except for the impact of the adoption of the new and revised HKASs, Hong Kong Financial Reporting Standards (“HKFRS(s)”), amendments and interpretations described below. The Group has applied the following new and amendments to HKFRSs issued by the HKICPA for the first time for the financial period beginning on or after 1 January 2020: HKAS 1 and HKAS 8 (Amendments) Definition of Material HKFRS 3 (Amendments) Definition of Business HKFRS 9, HKAS 39 and Interest Rate Benchmark Reform HKFRS 7 (Amendments) Early adoption of amendments to HKFRSs The following amendments to HKFRSs, which is applicable to the Group but are not yet effective for the current year, have been early adopted in current year: HKFRS 16 (Amendments) COVID-19 Related Rent Concessions Except as described below, the application of new and amendments to HKFRSs in the current period has had no material impact on the Group’s financial performance and positions for the current and prior periods and/or on the disclosures set out in the interim condensed consolidated financial statements.
Load more

Recommended publications
  • Redeye-Gaming-Guide-2020.Pdf
    REDEYE GAMING GUIDE 2020 GAMING GUIDE 2020 Senior REDEYE Redeye is the next generation equity research and investment banking company, specialized in life science and technology. We are the leading providers of corporate broking and corporate finance in these sectors. Our clients are innovative growth companies in the nordics and we use a unique rating model built on a value based investment philosophy. Redeye was founded 1999 in Stockholm and is regulated by the swedish financial authority (finansinspektionen). THE GAMING TEAM Johan Ekström Tomas Otterbeck Kristoffer Lindström Jonas Amnesten Head of Digital Senior Analyst Senior Analyst Analyst Entertainment Johan has a MSc in finance Tomas Otterbeck gained a Kristoffer Lindström has both Jonas Amnesten is an equity from Stockholm School of Master’s degree in Business a BSc and an MSc in Finance. analyst within Redeye’s tech- Economic and has studied and Economics at Stockholm He has previously worked as a nology team, with focus on e-commerce and marketing University. He also studied financial advisor, stockbroker the online gambling industry. at MBA Haas School of Busi- Computing and Systems and equity analyst at Swed- He holds a Master’s degree ness, University of California, Science at the KTH Royal bank. Kristoffer started to in Finance from Stockholm Berkeley. Johan has worked Institute of Technology. work for Redeye in early 2014, University, School of Business. as analyst and portfolio Tomas was previously respon- and today works as an equity He has more than 6 years’ manager at Swedbank Robur, sible for Redeye’s website for analyst covering companies experience from the online equity PM at Alfa Bank and six years, during which time in the tech sector with a focus gambling industry, working Gazprombank in Moscow he developed its blog and on the Gaming and Gambling in both Sweden and Malta as and as hedge fund PM at community and was editor industry.
    [Show full text]
  • Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA
    Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT
    [Show full text]
  • The Video Game Industry an Industry Analysis, from a VC Perspective
    The Video Game Industry An Industry Analysis, from a VC Perspective Nik Shah T’05 MBA Fellows Project March 11, 2005 Hanover, NH The Video Game Industry An Industry Analysis, from a VC Perspective Authors: Nik Shah • The video game industry is poised for significant growth, but [email protected] many sectors have already matured. Video games are a large and Tuck Class of 2005 growing market. However, within it, there are only selected portions that contain venture capital investment opportunities. Our analysis Charles Haigh [email protected] highlights these sectors, which are interesting for reasons including Tuck Class of 2005 significant technological change, high growth rates, new product development and lack of a clear market leader. • The opportunity lies in non-core products and services. We believe that the core hardware and game software markets are fairly mature and require intensive capital investment and strong technology knowledge for success. The best markets for investment are those that provide valuable new products and services to game developers, publishers and gamers themselves. These are the areas that will build out the industry as it undergoes significant growth. A Quick Snapshot of Our Identified Areas of Interest • Online Games and Platforms. Few online games have historically been venture funded and most are subject to the same “hit or miss” market adoption as console games, but as this segment grows, an opportunity for leading technology publishers and platforms will emerge. New developers will use these technologies to enable the faster and cheaper production of online games. The developers of new online games also present an opportunity as new methods of gameplay and game genres are explored.
    [Show full text]
  • Intel ESS Digital Extremes Case Study
    case STUDY Intel® Solid-State Drives Performance: Data-Intensive Computing Delivering extreme entertainment with Intel® Solid-State Drives Intel® Solid-State Drives help Digital Extremes increase the efficiency of game development and maximize innovation Co-creators of the immensely popular Unreal* series of video games and current producers of several AAA game titles, Digital Extremes is among the most successful game development studios in the world. Sustaining that success requires not only a constant stream of creativity but also an extreme focus on internal efficiency. To speed up key production tasks, the company recently replaced traditional hard disk drives with Intel® Solid-State Drives in several workstations. By accelerating source-code build times up to 46 percent and increasing the speed of other production processes more than 100 percent, the new drives enable development teams to experiment with more creative possibilities while still meeting tight deadlines. CHALLENGE • Increase process efficiency. Maintain a competitive edge by increasing the efficiency of numerous production tasks, from completing new source-code builds to encoding content for multiple game platforms. SOLUTION • Intel® Solid-State Drives. Digital Extremes replaced traditional serial ATA (SATA) hard disk drives with Intel® X25-M Mainstream SATA Solid-State Drives (SSDs) in worksta- tions used by programmers and artists. IMPacT • Faster builds, increased innovation. The Intel SSD solution helped accelerate source-code build times by up to 46 percent, enabling development teams to rapidly incorporate testing feedback and giving them time to explore additional creative ideas without increasing costs. • Rapid ROI. By saving time with key processes, Digital Extremes could recoup the cost of each drive within a month.
    [Show full text]
  • Announcement of the Annual Results for the Year Ended 31 December 2020
    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. ANNOUNCEMENT OF THE ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020 The Board is pleased to announce the audited consolidated results of the Group for the year ended 31 December 2020. The results have been audited by the Auditor in accordance with International Standards on Auditing. In addition, the results have also been reviewed by the Audit Committee. FINANCIAL PERFORMANCE HIGHLIGHTS Unaudited Three months ended Year- Quarter- 31 December 31 December on-year 30 September on-quarter 2020 2019 change 2020 change (RMB in millions, unless specified) Revenues 133,669 105,767 26% 125,447 7% Gross profit 58,881 46,108 28% 56,647 4% Operating profit 63,713 28,604 123% 43,953 45% Profit for the period 59,369 22,372 165% 38,899 53% Profit attributable to equity holders of the Company 59,302 21,582 175% 38,542 54% Non-IFRS profit attributable to equity holders of the Company 33,207 25,484 30% 32,303 3% EPS (RMB per share) – basic 6.240 2.278 174% 4.059 54% – diluted 6.112 2.248 172% 3.964 54% Non-IFRS EPS (RMB per share) – basic 3.494 2.690 30% 3.402 3% – diluted 3.413 2.643 29% 3.314 3% 1 Year ended 31 December Year- on-year 2020 2019 change (RMB in millions, unless specified)
    [Show full text]
  • 211328715.Pdf
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by ScholarSpace at University of Hawai'i at Manoa THE DEVELOPMENT OF INTERCULTURAL COMPETENCE THROUGH SOCIAL INTERACTIONS IN WARFRAME A THESIS SUBMITTED TO THE GRADUATE DIVISION OF THE UNIVERSITY OF HAWAI‘I AT MĀNOA IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF ARTS IN COMMUNICATION MAY 2018 By Rebecca Carino Thesis Committee: Jenifer Winter, Chairperson Hanae Kurihara Kramer Kelly Bergstrom Rachel Neo Keywords: Warframe, intercultural competence, video games, social interactions WARFRAME 2 Table of Contents List of Tables .................................................................................................................................. 3 List of Figures ................................................................................................................................. 4 CHAPTER 1: INTRODUCTION ................................................................................................... 5 CHAPTER 2: LITERATURE REVIEW ........................................................................................ 7 The Social Dynamic of Gaming ................................................................................................. 7 Intercultural Communication .................................................................................................... 11 Intercultural Competence .........................................................................................................
    [Show full text]
  • NG18 Program (Screen)
    PROGRAM 2018 PROGRAM#nordicgame 2017 #nordicgame Welcome to Nordic Game 2018 It’s a great pleasure to welcome you to this fifteenth edition of Nordic Game, the only conference in the world with a dedicated focus on the entire Nordic games industry. Over the years we’ve evolved from a humble regional conference into a truly global industry event, as our vision of a strong, united games community and the values so many of us share - openness, innovation and diversity - have resonated with games industry professionals around the world, and they have been welcomed into our extended family. Of course, we continue to proudly celebrate the sheer quality and variety of games developed in the Nordic countries, and this year’s Nordic Game Awards (Thursday, 24 May from 18:00 in the Unreal Theatre) once again reflects the imagination and vitality of developers from the region we call home. However, our rapidly changing, interconnected industry doesn’t allow us to rest on our laurels, and our opening keynote (Wednesday, 23 May at 11:00 in the Unreal Theatre) brings together a panel of leaders from some of our most prominent Nordic studios to explore key challenges and opportunities for game developers moving forward. True to the many values we share with our extended global family, we’re also introducing a string of talks - the Impact sessions - that delve beyond the albeit important business and technical aspects of game development, to encourage all of us to think more deeply about the real impact of the games we create - and how we create them - on our world.
    [Show full text]
  • Game Developer Power 50 the Binding November 2012 of Isaac
    THE LEADING GAME INDUSTRY MAGAZINE VOL19 NO 11 NOVEMBER 2012 INSIDE: GAME DEVELOPER POWER 50 THE BINDING NOVEMBER 2012 OF ISAAC www.unrealengine.com real Matinee extensively for Lost Planet 3. many inspirations from visionary directors Spark Unlimited Explores Sophos said these tools empower level de- such as Ridley Scott and John Carpenter. Lost Planet 3 with signers, artist, animators and sound design- Using UE3’s volumetric lighting capabilities ers to quickly prototype, iterate and polish of the engine, Spark was able to more effec- Unreal Engine 3 gameplay scenarios and cinematics. With tively create the moody atmosphere and light- multiple departments being comfortable with ing schemes to help create a sci-fi world that Capcom has enlisted Los Angeles developer Kismet and Matinee, engineers and design- shows as nicely as the reference it draws upon. Spark Unlimited to continue the adventures ers are no longer the bottleneck when it “Even though it takes place in the future, in the world of E.D.N. III. Lost Planet 3 is a comes to implementing assets, which fa- we defi nitely took a lot of inspiration from the prequel to the original game, offering fans of cilitates rapid development and leads to a Old West frontier,” said Sophos. “We also the franchise a very different experience in higher level of polish across the entire game. wanted a lived-in, retro-vibe, so high-tech the harsh, icy conditions of the unforgiving Sophos said the communication between hardware took a backseat to improvised planet. The game combines on-foot third-per- Spark and Epic has been great in its ongoing weapons and real-world fi rearms.
    [Show full text]
  • LEYOU TECHNOLOGIES HOLDINGS LIMITED 樂遊科技控股有限公司 (Incorporated in the Cayman Islands with Limited Liability) (Stock Code: 1089)
    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. LEYOU TECHNOLOGIES HOLDINGS LIMITED 樂遊科技控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1089) ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2019 RESULTS HIGHLIGHTS For the year ended 31 December 2019 2018 Change US$’000 US$’000 % Revenue 214,235 227,720 –5.9% Gross profit 121,781 141,487 –13.9% Gross profit margin (%) 56.8% 62.1% –5.3% (Loss)/profit for the year (6,489) 20,367 N/A (Loss)/profit for the year attributable to the owners of the Company (8,379) 20,413 N/A EBITDA1 49,620 66,982 –25.9% Adjusted EBITDA2 83,240 85,293 –2.4% Basic (loss)/earnings per share (US cents) (0.27) 0.67 N/A Diluted (loss)/earnings per share (US cents) (0.27) 0.66 N/A Dividend per share (US$) Nil Nil N/A 1 BALANCE SHEET HIGHLIGHTS As at As at 31 December 31 December 2019 2018 Change US$’000 US$’000 % Total assets 322,848 310,703 +3.9% Total interest-bearing borrowings3 25,772 42,868 –39.9% Net assets 251,806 230,742 +9.1% Net assets per share (US$)4 0.08 0.08 – Current ratio 1.57 1.50 +4.7% Gearing ratio5 8.0% 13.8% –5.8% 1 EBITDA = Earnings before interest income, interest expense, taxation, depreciation and amortisation 2 Adjusted EBITDA = EBITDA
    [Show full text]
  • Joint Announcement
    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. This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Company or any other entity. This announcement is not for release, publication or distribution in or into any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. IMAGE FRAME INVESTMENT (HK) LIMITED LEYOU TECHNOLOGIES HOLDINGS LIMITED (Incorporated in Hong Kong with limited liability) 樂遊科技控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1089) JOINT ANNOUNCEMENT (1) PROPOSED TAKE PRIVATE OF LEYOU TECHNOLOGIES HOLDINGS LIMITED BY WAY OF A SCHEME OF ARRANGEMENT UNDER SECTION 86 OF THE COMPANIES LAW (2) ESTABLISHMENT OF INDEPENDENT BOARD COMMITTEE (3) APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER (4) PROPOSED WITHDRAWAL OF LISTING OF LEYOU TECHNOLOGIES HOLDINGS LIMITED AND (5) RESUMPTION OF TRADING Financial Adviser to the Offeror Financial Adviser to the Company Independent Financial Adviser to the Independent Board Committee 1 INTRODUCTION On 27 August 2020, in response to the Offeror’s Proposal put forward to the Board, the Company provided the Implementation Undertaking in favour of the Offeror, pursuant to which the Company irrevocably undertook to the Offeror to put forward to the Scheme Shareholders the Scheme which, if approved and implemented, will result in the Company being taken private by the Offeror and the withdrawal of the listing of the Shares on the Stock Exchange.
    [Show full text]
  • Eu Morro, Tu Morres, Eles Morrem
    UNIVERSIDADE DE LISBOA FACULDADE DE MOTRICIDADE HUMANA Eu morro, tu morres, eles morrem Heurísticas para uma boa experiência de fracasso nos videojogos Dissertação elaborada com vista à obtenção do grau de Mestre em Ergonomia Orientador: Professor Doutor Paulo Ignacio Noriega Pinto Machado Coorientador: Professor Doutor Francisco dos Santos Rebelo Júri: Presidente: Doutor José Domigos de Jesus Carvalhais Professor Auxiliar da Faculdade de Motricidade Humana, Universidade de Lisboa Vogais: Doutor Francisco dos Santos Rebelo Professor com agregação da Faculdade de Motricidade Humana, Universidade de Lisboa Doutor Ernesto Vilar Filgueiras Professor Auxiliar da Universidade da Beira Interior Inês Alexandrino Borges Pereira 2016 (Página intencionalmente deixada em branco) Agradecimentos Em primeiro lugar gostaria de agradecer ao Doutor Paulo Noriega, pela sua disponibilidade e apoio contínuo, e pela sua abertura mental que nunca deixa de ser munida por uma precisão científica. Ao professor Doutor Francisco Rebelo desejo agradecer pelos contributos práticos e metodológicos, e também pela abertura de espírito a novas abordagens. Aos dois agradeço a liberdade que me deram para explorar, poucos professores têm a autoconfiança necessária para o fazer. Muito obrigado. Gostaria ainda de agradecer ao Nuno Nóbrega da Miniclip, ao Paulo Duarte da Marmalade, ao Nuno Folhadela da Bica Studios, ao Ivan Barroso e ao Doutor Ricardo Flores, pela preciosa partilha de informação sobre a indústria dos jogos portuguesa, pela disponibilidade contínua e pelos exemplos de jogos cruciais para a construção desta dissertação. Ainda, o meu obrigado ao Diogo Vasconcelos, Nélio Codices, David Amador, Bernardo Porto, Fernando D’Andrea, Eduardo Pereira, Marcella Andrade, Carina Missae, Alexandre Kikuchi e Vicente Vieira. Agradeço profundamente ao meu pai por me ter ensinado a importância de ter um pensamento organizado e racional, e pelo apoio incondicional durante todo o decorrer do mestrado em Ergonomia na FMH – Ulisboa.
    [Show full text]
  • China's Digital Game Sector
    May 17, 2018 China’s Digital Game Sector Matt Snyder, Analyst, Economics and Trade Acknowledgments: The author thanks Lisa Hanson, Dean Takahashi, and Greg Pilarowski for their helpful insights. Their assistance does not imply any endorsement of this report’s contents, and any errors should be attributed solely to the author. Disclaimer: This paper is the product of professional research performed by staff of the U.S.-China Economic and Security Review Commission, and was prepared at the request of the Commission to support its deliberations. Posting of the report to the Commission’s website is intended to promote greater public understanding of the issues addressed by the Commission in its ongoing assessment of U.S.- China economic relations and their implications for U.S. security, as mandated by Public Law 106-398 and Public Law 113-291. However, the public release of this document does not necessarily imply an endorsement by the Commission, any individual Commissioner, or the Commission’s other professional staff, of the views or conclusions expressed in this staff research report. Table of Contents Executive Summary....................................................................................................................................................3 China’s Digital Game Market ....................................................................................................................................3 Importance of the Digital Game Sector to the U.S. Economy ....................................................................................8
    [Show full text]