LH Group Limited revenue increased 24.3% to HK$997.9 million

Core profit from operation increased 222.8% to HK$88.1 million

Recommended a final dividend of HK6.05 cent per share

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LH GROUP Limited announced its financial results for the year ended December 31, 2021.During the Period, the Group's revenue increased by approximately 24.3% to HK$997.9 million (2020：HK$802.9 million); Profit attributable to the shareholders of the Company was HK$90.1 million (2020: HK$140.3 million). Excluding significant incidental items, such as government grants and subsidies, net gain from lease modification and provision for impairment of property, plant and equipment and right-of-use assets, the core profit before tax from our operation was approximately HK$88.1million (2020:HK$27.3million), increased significantly by approximately 222.8%. The Group's earnings per share was HK 11.26 cents. The Board recommended a final dividend of HK6.05 cent per share.

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The Group's revenue increased is mainly because of increasing numbers of restaurant of self-owned brands and franchised brands. And the local COVID-19 pandemic situation was relatively under control since April 2021. Relaxed social distancing measures in conjunction with the consumption voucher scheme in the year gradually revived economic activities and local consumption, which boosted customer traffic in our restaurants and thus our revenue. During the year, the Group operated 45 restaurants (2020: 38 restaurants), including four self-owned brand, namely, "Pot Master (煲仔王)" "Mou Mou Club (牛涮鍋)", "Peace Cuisine (和平飯店)" and "Wing Wah Allday (永華日常)", and five franchised brands, namely "Gyu-Kaku (牛角)", "Gyu-Kaku Buffet (牛角Buffet) " , "GyuKaku Jinan-Bou (牛角次男坊)" , "On-Yasai (溫野菜)" and "Yoogane (柳氏家)".

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Mr. Wong Kit Lung Simon, Chairperson and the Chief Executive Officer of LH Group Limited said, "as restaurant operators acclimatized to the new market norm, and by virtue of our customers' continued support, the Group showcased strong resilience and agility during the months following mid-February 2020, when social distancing measures started to gradually relax. Revenue rebounded rapidly, this not only offset the losses from the beginning of the year, but also helped the Group to overcome innumerable obstacles in the industry during the year and deliver outstanding business performance."

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Looking forward, provided that the pandemic situation in Hong Kong does not deteriorate in 2022. the management remains optimistic about the financial performance of the Group in the second half of 2022. And In 2021, the Group opened eight new restaurants in total, including two new restaurants under the self-owned brand "Wing Wah Allday" in the second half of the year. In January 2022, we introduced a restaurant under the new franchised brand "The Matcha Tokyo" in Causeway Bay, to provide a more diverse dining experience to customers, and further expand the Group's business presence to traditional local cuisines restaurants and fine casual cafés. With a robust financial position and brand layout of the Group and the above-mentioned external factors, the management remains optimistic about the financial performance of the Group in the second half of 2022 and believes that the Group will achieve further growth.

LH Group Limited revenue increased 24.3% to HK$997.9 million

Core profit from operation increased 222.8% to HK$88.1 million

Recommended a final dividend of HK6.05 cent per share

?

LH GROUP Limited announced its financial results for the year ended December 31, 2021.During the Period, the Group's revenue increased by approximately 24.3% to HK$997.9 million (2020：HK$802.9 million); Profit attributable to the shareholders of the Company was HK$90.1 million (2020: HK$140.3 million). Excluding significant incidental items, such as government grants and subsidies, net gain from lease modification and provision for impairment of property, plant and equipment and right-of-use assets, the core profit before tax from our operation was approximately HK$88.1million (2020:HK$27.3million), increased significantly by approximately 222.8%. The Group's earnings per share was HK 11.26 cents. The Board recommended a final dividend of HK6.05 cent per share.

?

The Group's revenue increased is mainly because of increasing numbers of restaurant of self-owned brands and franchised brands. And the local COVID-19 pandemic situation was relatively under control since April 2021. Relaxed social distancing measures in conjunction with the consumption voucher scheme in the year gradually revived economic activities and local consumption, which boosted customer traffic in our restaurants and thus our revenue. During the year, the Group operated 45 restaurants (2020: 38 restaurants), including four self-owned brand, namely, "Pot Master (煲仔王)" "Mou Mou Club (牛涮鍋)", "Peace Cuisine (和平飯店)" and "Wing Wah Allday (永華日常)", and five franchised brands, namely "Gyu-Kaku (牛角)", "Gyu-Kaku Buffet (牛角Buffet) " , "GyuKaku Jinan-Bou (牛角次男坊)" , "On-Yasai (溫野菜)" and "Yoogane (柳氏家)".

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Mr. Wong Kit Lung Simon, Chairperson and the Chief Executive Officer of LH Group Limited said, "as restaurant operators acclimatized to the new market norm, and by virtue of our customers' continued support, the Group showcased strong resilience and agility during the months following mid-February 2020, when social distancing measures started to gradually relax. Revenue rebounded rapidly, this not only offset the losses from the beginning of the year, but also helped the Group to overcome innumerable obstacles in the industry during the year and deliver outstanding business performance."

?

Looking forward, provided that the pandemic situation in Hong Kong does not deteriorate in 2022. the management remains optimistic about the financial performance of the Group in the second half of 2022. And In 2021, the Group opened eight new restaurants in total, including two new restaurants under the self-owned brand "Wing Wah Allday" in the second half of the year. In January 2022, we introduced a restaurant under the new franchised brand "The Matcha Tokyo" in Causeway Bay, to provide a more diverse dining experience to customers, and further expand the Group's business presence to traditional local cuisines restaurants and fine casual cafés. With a robust financial position and brand layout of the Group and the above-mentioned external factors, the management remains optimistic about the financial performance of the Group in the second half of 2022 and believes that the Group will achieve further growth.