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.

TAN CHONG INTERNATIONAL LIMITED

(incorporated in Bermuda with limited liability)

(Stock Code: 693) OVERSEAS REGULATORY ANNOUNCEMENT

(This overseas regulatory announcement is issued pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.)

References are made to the Company's announcements dated 10 August 2016 with respect to the financial results of Zero Co., Ltd. and its subsidiaries ("Zero Group") for the year ended 30 June 2016 which were prepared in accordance with accounting principle generally accepted in Japan.

This announcement of consolidated financial results of Zero Group for the year ended 30 June 2016 which have been prepared in accordance with the International Financial Reporting Standards, is originally prepared in Japanese ("Original Announcement"). The attached announcement on the next page is a translation of the Original Announcement solely for the purpose of providing information.

By the order of the Board

Tan Chong International Limited Joseph Ong Yong Loke

Deputy Chairman

Hong Kong, 29 September 2016

Website: http://www.tanchong.com

As at the date of this announcement, the executive Directors are Mr. Tan Eng Soon, Mr. Tan Kheng Leong, Mdm. Sng Chiew Huat and Mr. Glenn Tan Chun Hong. The non-executive Director is Mr. Joseph Ong Yong Loke. The independent non-executive Directors are Mr. Lee Han Yang, Mr. Ng Kim Tuck, Mr. Azman Bin Badrillah, Mr. Prechaya Ebrahim and Mr. Teo Ek Kee.

Financial Results for the Fiscal Year Ended June 30, 2016(IFRS)

Company name: ZERO CO., LTD.

Code No: 9028 Tokyo Stock Exchange (Second Section) (URL http://www.zero-group.co.jp/)

Representative: Takeo Kitamura , President and COO

September 29, 2016

Contact for inquiries: Toshihiro Takahashi, Corporate Officer

General Manager, Group strategy division

Tel: 044-520-0106

  1. Consolidated Financial Results for the Fiscal Year Ended June 30, 2016 (From July 1, 2015 to June 30, 2016)

  2. Consolidated Results (Figures less than one million yen are rounded down.)

    Percentages shown below are the rates of increase or decrease compared with the same period of the previous year.

    Revenue

    Operating income

    Profit before tax

    Net income

    Net income attributable to owners of parent company

    Total comprehensive income

    FY2015

    Million yen

    77,829

    75,344

    %

    Million yen

    5,391

    3,862

    %

    Million yen

    %

    Million yen

    %

    Million yen

    3,455

    2,333

    %

    Million yen

    3,026

    2,583

    %

    3.3

    39.6

    5,492

    43.2

    3,455

    48.1

    48.1

    17.1

    FY2014

    3,836

    2,333

    Earnings per share-basic

    Earnings per share

    -diluted

    Return on equity attributable to owners of the parent

    Profit before tax to total assets

    Operating income to Revenue

    FY2015

    Yen

    Yen

    %

    %

    %

    207.57

    207.17

    20.7

    15.8

    6.9

    FY2014

    136.52

    -

    16.1

    12.0

    5.1

    (Ref.) Equity in net income of affiliates: FY2015: 118 million yen FY2014: 19 million yen

  3. Consolidated Financial condition

    Total assets

    Total equity

    Equity attributable to owners of the parent

    Percentage of equity

    attributable to owners of the parent

    Equity attributable

    to owners of the parent per share

    FY2015 FY2014

    Million yen

    35,852

    33,690

    Million yen

    17,741

    15,603

    Million yen

    17,741

    15,603

    %

    49.5

    46.3

    Yen

    1,069.23

    912.90

  4. Consolidated Cash Flows

  5. Cash flows from operating activities

    Cash flows from investing activities

    Cash flows from financing activities

    Cash and cash equivalents at end of period

    FY2015 FY2014

    Million yen

    5,050

    2,241

    Million yen

    (512)

    (691)

    Million yen

    (2,469)

    (627)

    Million yen

    7,924

    5,856

  6. Dividends

    Dividend per share

    Annual total amount of dividend

    Dividend payout ratio (Consolidated)

    Dividend ratio of net assets (Consolidated)

    (Record date)

    At end of 1Q

    At end of 2Q

    At end of 3Q

    At end of 4Q

    Annual total

    Yen

    Yen

    Yen

    Yen

    Yen

    Million yen

    %

    %

    FY2014

    -

    8.00

    -

    19.50

    27.50

    470

    20.1

    3.2

    FY2015

    -

    13.00

    -

    37.40

    50.40

    854

    24.3

    5.1

    Forecast for FY2016

    -

    15.00

    -

    37.70

    52.70

    25.0

  7. Consolidated Forecasts for FY2016 (From July 1, 2016 to June 30, 2017)
  8. Revenue

    Operating income

    Profit before tax

    Net income attributable to owners of parent company

    Net income per share

    -basic

    Million yen

    %

    Million yen

    %

    Million yen

    %

    Million yen

    %

    Yen

    Whole FY2016

    80,000

    2.8

    5,600

    3.9

    5,600

    2.0

    3,500

    1.3

    210.94

    *Remarks

    1. ) Changes in important subsidiaries during period (Transfer of particular subsidiary which involves the change of scope of consolidation): N/A

    2. ) Changes in accounting policies, procedure or notation method for documenting consolidated financial statements

      (DChanges in accordance with the revision of accounting standards and others: N/A

      Changes other than above: N/A

      @Changes in accounting estimates: N/A

      @Restatement of corrections: N/A

    3. ) Number of issued shares (common shares)

    4. (DNumber of issued shares (including treasury stock) at the end of each period: FY2015: 17,560,242 FY2014: 17,560,242

      Number of repurchased shares at the end of each period:

      FY2015: 967,732 FY2014: 467,732

      @Average number of issued shares during the fiscal year (excluding treasury stock) FY2015: 16,647,155 FY2014: 17,092,510

      Accompanying Materials - Contents

      1. Consolidated Financial Statements…………………………………………………………………………… 2

      2. Consolidated statement of financial position ………………………………………………………………… 2

      3. Consolidated statements of income…………………………………………………………………………… 4

      4. Consolidated statement of comprehensive income ………………………………………………………… 5

      5. Consolidated statement of changes in equity………………………………………………………………… 6

      6. Consolidated statements of cash flows ………………………………………………………………………… 7

      7. Business segment information…………………………………………………………………………………… 8

      8. Earnings per share attributable to owners of the parent……………………………………………………… 10

      9. Disclosure related to transition to the IFRS……………………………………………………………………… 11

      10. - 1 -

    Tan Chong International Ltd. published this content on 29 September 2016 and is solely responsible for the information contained herein.
    Distributed by Public, unedited and unaltered, on 29 September 2016 11:05:12 UTC.

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