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    3383   KYG011981035

AGILE GROUP HOLDINGS LIMITED

(3383)
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General Announcement::UPDATE ON PROPOSED SPIN-OFF AND SEPARATE LISTING OF A-CITY GROUP LIMITED

09/30/2021 | 12:02pm EST

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.

AGILE GROUP HOLDINGS LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 3383)

UPDATE ON

THE PROPOSED SPIN-OFF AND SEPARATE LISTING OF

A-CITY GROUP LIMITED

ON THE MAIN BOARD OF

THE STOCK EXCHANGE OF HONG KONG LIMITED

Reference is made to the announcement of Agile Group Holdings Limited (the "Company") dated 24 June 2020 (the "Announcement") in relation to the proposed spin-off and separate listing of the shares of A-City Group Limited ("A-City") on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Board announces that on 30 September 2021, it has resolved not to proceed with the Proposed Spin-off and Listing of A-City having regard to the volatility of the capital market and having carefully considered all circumstances. The Board considers that such decision will not have any material adverse impact on the financial position or business operations of the Group.

The Company remains fully confident about the development of A-City. The Company will make further announcements in compliance with the Listing Rules if it decides to revive the Proposed Spin-off and Listing of A-City.

Shareholders and other investors are reminded to exercise caution when dealing in the securities of the Company.

By Order of the Board

Agile Group Holdings Limited

CHEUNG Lap Kei

Company Secretary

Hong Kong, 30 September 2021

As at the date of this announcement, the Board comprises twelve members, being Mr. Chen Zhuo Lin* (Chairman and President), Mr. Chan Cheuk Yin** (Vice Chairperson), Madam Luk Sin Fong, Fion** (Vice Chairperson), Mr. Chan Cheuk Hung*, Mr. Huang Fengchao*, Mr. Chen Zhongqi*, Mr. Chan Cheuk Hei**, Mr. Chan Cheuk Nam**, Dr. Cheng Hon Kwan# , Mr. Kwong Che Keung, Gordon# , Mr. Hui Chiu Chung, Stephen# and Mr. Wong Shiu Hoi, Peter# .

  • Executive Directors
  • Non-executiveDirectors
  • Independent Non-executive Directors

Disclaimer

Agile Group Holdings Limited published this content on 30 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2021 16:01:07 UTC.


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Financials
Sales 2021 93 669 M 14 763 M 14 763 M
Net income 2021 9 381 M 1 478 M 1 478 M
Net Debt 2021 51 467 M 8 112 M 8 112 M
P/E ratio 2021 1,75x
Yield 2021 21,3%
Capitalization 16 382 M 2 582 M 2 582 M
EV / Sales 2021 0,72x
EV / Sales 2022 0,64x
Nbr of Employees 83 463
Free-Float 25,4%
Chart AGILE GROUP HOLDINGS LIMITED
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Agile Group Holdings Limited Technical Analysis Chart | 3383 | KYG011981035 | MarketScreener
Technical analysis trends AGILE GROUP HOLDINGS LIMITED
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 4,18 CNY
Average target price 8,15 CNY
Spread / Average Target 95,0%
EPS Revisions
Managers and Directors
Zhuo Lin Chen Chairman & President
Zhiyong Pan Chief Financial Officer
Xue Jun Li Vice President & General Manager-Operations
Hon Kwan Cheng Independent Non-Executive Director
Che Keung Kwong Independent Non-Executive Director