About NET-A-GO TECH Company

In the current year, Wangyu Technology Co., Ltd., the Group mainly operated three operating divisions: (i) environmental maintenance business; (ii) property leasing business; and (iii) securities trading business. 2020 was a landmark year for the Group. Following the sale of all of its Chinese restaurants and wedding businesses (“Discontinued Business”) (“Sale Matters”), the Group's financial position has improved substantially. For the year ended December 31, 2020 (the “Year”), the Company and its subsidiaries (excluding discontinued operations) were mainly engaged in environmental maintenance business and recorded revenue of approximately HK$253,704,000, while revenue for the year ended December 31, 2019 was approximately HK$226,331,000. The total overall revenue from continuing operations attributable to equity owners of the Company was approximately HK$42,697,000 (2019: loss of approximately HK$20,769,000). From January 1, 2020 to May 28, 2020, the terminated operations recorded revenue of approximately HK$21,523,000, while revenue for the year ended December 31, 2019 was approximately HK$232,444,000. The decrease in revenue was mainly due to (i) the outbreak of the coronavirus disease (“COVID-19”) in 2019 and the quarantine measures which seriously affected the operating environment of the catering business; (ii) the sale of two restaurants by the Group in November 2019; and (iii) the closure of the two restaurants in February 2020 after the expiration of the tenancy agreement. The total total revenue from the terminated operations due to equity owners of the Company was approximately HK$71,697,000 (2019: loss of approximately HK$54,087,000). The total comprehensive income attributable to the Company's equity owners for the year was approximately HK$114,394,000, while the total overall loss attributable to equity holders of the Company was approximately HK$74,856,000 for the year ended December 31, 2019.