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(d)
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Exhibits.
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99.1 Press Release, dated
December 23, 2019, issued by Euro Tech Holdings Company
Limited.
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EURO
TECH HOLDINGS COMPANY LIMITED
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December
__, 2019
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By:
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/s/
Jerry Wong
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Jerry
Wong
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Chief
Financial Officer
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As of
June 30,
2019
(Unaudited)
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As of
December 31,
2018
(Audited)
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Assets
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Current
assets:
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Cash and cash
equivalents
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6,260
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5,267
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Restricted
cash
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574
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1,330
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Receivables,
net
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2,012
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5,089
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Prepayments and
other current assets
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584
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547
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Contract
assets
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73
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899
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Inventories,
net
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314
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401
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Total current
assets
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9,817
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13,533
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Property, plant and
equipment, net
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719
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754
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Interests in
affiliates
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7,626
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7,583
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Goodwill
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1,071
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1,071
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Deferred tax
assets
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125
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124
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Total non-current
assets
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9,541
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9,532
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Total
assets
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19,358
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23,065
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Liabilities and
shareholders’ equity
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Current
liabilities:
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Accounts
payable
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2,437
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4,900
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Contract
liabilities
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640
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1,370
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Other payables and
accrued expenses
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1,107
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1,250
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Total current
liabilities
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4,184
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7,520
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Commitments and
contingencies
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-
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-
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Shareholders’
equity:
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Ordinary
share,
20,000,000 (2018:
20,000,000) shares authorized; 2,229,609 (2018: 2,229,609) shares
issued
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123
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123
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Additional paid-in
capital
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9,551
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9,551
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Treasury stock,
167,700 (As of December 31, 2018: 167,700) shares at
cost
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(786)
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(786)
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PRC statutory
reserves
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316
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316
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Accumulated other
comprehensive income
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899
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893
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Retained
earnings
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4,212
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4,492
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Equity attributable
to shareholders of Euro Tech
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14,315
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14,589
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Non-controlling
interests
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859
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956
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Total
shareholders’ equity
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15,174
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15,545
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Total liabilities
and shareholders’ equity
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19,358
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23,065
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2019
(Unaudited)
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2018
(Unaudited)
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US$’000
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US$’000
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Revenues
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Trading and
manufacturing
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5,353
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5,634
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Engineering
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3,462
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3,882
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Total
revenues
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8,815
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9,516
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Cost of
revenues
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Trading and
manufacturing
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(4,123)
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(4,679)
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Engineering
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(2,656)
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(3,377)
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Total cost of
revenues
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(6,779)
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(8,056)
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Gross
profit
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2,036
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1,460
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Finance
costs
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-
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(6)
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Selling and
administrative expenses
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(2,512)
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(2,437)
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Operating
loss
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(476)
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(983)
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Interest
income
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47
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11
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Other income /
(losses), net
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9
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(5)
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Loss before
income taxes, equity in income / (loss) of affiliates and
non-controlling interests
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(420)
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(977)
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Income taxes
credit
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1
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253
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Equity in income /
(loss) of affiliates
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43
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(12)
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Net gain on
disposal of affiliate
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-
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1,522
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Net (loss) /
profit
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(376)
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786
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Add: net loss
attributable to non-controlling interests
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96
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92
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Net (loss) / profit
attributable to the Company
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(280)
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878
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Other comprehensive
loss
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Net
(loss) / profit
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(376)
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786
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Foreign
exchange translation
adjustments
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5
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(8)
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Comprehensive
(loss) / income
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(371)
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778
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Add: Comprehensive
loss attributable to non-controlling interests
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97
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96
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Comprehensive
(loss) / income attributable to the Company
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(274)
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874
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Net (loss) / income
per ordinary share
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-
Basic
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US$(0.14)
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US$0.43
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Diluted
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US$(0.14)
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US$0.43
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Weighted average
number of ordinary shares outstanding
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-
Basic
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2,061,909
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2,061,909
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-
Diluted
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2,061,909
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2,061,909
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Dividend per
share
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US$-
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US$0.70
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CONTACT:
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Euro Tech Holdings
Company Limited, Hong Kong
T.C.
Leung, Chairman and CEO, or
Jerry
Wong, CFO
Tel:
852-2814-0311
Fax:
852-2873-4887
Website:
http://www.euro-tech.com
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