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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 . HTV Hong Kong Technology Venture Company Limited 香港 科技 探索 有限公司 ( Incorporated in Hong Kong with limited liability under the Companies Ordinance ) ( Stock Code : 1137 ) INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2021 GROUP FINANCIAL HIGHLIGHT 1 . 2 . Second profitable interim period in a row : i . ii . Profit for the period of the Company for 1H2021 amounting to HK $ 95.8 million versus HK $ 93.0 million in 1H2020¹ while , if excluded the expenses ( including major non - cash items ) incurred by Shoalter technology business , the net profit for the Hong Kong eCommerce business for 1H2021 was HK $ 104.7 million versus HK $ 93.0 million in 1H2020¹ ; Adjusted EBITDA² at HK $ 144.4 million in 1H2021 versus HK $ 159.4 million in 1H2020¹ . If excluded the expenses ( including major non - cash items ) incurred by Shoalter technology business , the adjusted EBITDA for the Hong Kong eCommerce business for 1H2021 was HK $ 152.7 million versus HK $ 159.4 million in 1H2020¹ ; Turnover increased by approximately 13.3 % to HK $ 1,518.1 million in 1H2021 versus HK $ 1,340.0 million in 1H2020 , including Multimedia advertising income and licensing of programme rights of HK $ 48.1 million ( 1H2020 : HK $ 10.1 million ) which representing almost 5x growth ; 1 2 3 4 3 . Achieved an overall gross profit margin and blended commission rate³ of 24.5 % ( 1H2020 : 24.8 % ) ; and Strong balance sheet with net cash and liquidity position of HK $ 1.24 billion . 4 . DIVIDEND POLICY AND INTERIM DIVIDEND 1 . 2 . The Board proposes to update the dividend payout guidance to about 30 % -60 % of the adjusted EBITDA going forward ; and The Board has resolved to declare an interim dividend of HK8 cents per ordinary share in cash for the six months ended 30 June 2021 . ECOMMERCE OPERATIONAL HIGHLIGHT 1 . 2 . 3 . 4 . 5 . GMV on order intake in 1H2021 of HK $ 3,040.0 million , representing 10.7 % growth relative to 1H2020 of HK $ 2,746.5 million ; Average daily orders increased from 29,800 orders per day in June 2020 , to 36,500 orders per day in June 2021 , and subsequently even achieved a record high in July 2021 of 40,600 orders per day ; The average order value was approximately HK $ 465 in 1H2021 versus approximately HK $ 508 in 1H2020 ; During 1H2021 , we had 896,000 unique customers whom made purchases at HKTVmall , a growth of 10.2 % from 813,000 in 1H2020 ; and We have achieved HK $ 566.0 million GMV on order intake in July 2021 and is estimated to achieve approximately HK $ 620.0 million to HK $ 630.0 million in August 2021 . TECHNOLOGY BUSINESS UPDATE 1 . 2 . 3 . Shoalter's first Hong Kong solution client — I.T is planned to launch its online shopping mall — EESE in Q4 2021 ; Shoalter's first overseas eCommerce solution agreement signed on 23 August 2021 as an in - kind consideration plus cash consideration ( in aggregate amounting to approximately US $ 5.0 million ( equivalent to approximately HK $ 38.9 million ) ) for a strategic minority stake in an Indonesian health and wellness eCommerce business ; Filing of the first Hong Kong standard patent application in respect of the self - invented Automated Retail Store and System on 4 August 2021 which is in its final development stage , expecting to have trial launch in first half of 2022 with commercial launch of about 10 stores in the same year . Target market is developed countries . After excluding the government subsidies of HK $ 16.3 million received in 1H2020 which is considered as non - recurring income . Adjusted EBITDA means profit for the period plus interest on bank loans ( excluded finance costs interest on lease liabilities ) , income tax expense , depreciation of property , plant and equipment ( excluded depreciation on other properties leased for own use ) and amortisation of intangible assets and deduct investment returns and adjusted by major non - cash items . Adjusted EBITDA is not a measure of performance under Hong Kong Financial Reporting Standards ( " HKFRSS " ) . This measure does not represent , and should not be used as a substitute for , net profit or cash flows from operations as determined in accordance with HKFRSS . This measure is not necessarily an indication of whether cash flow will be sufficient to fund our cash requirements . In addition , our definition of this measure may not be comparable to other similarly titled measures used by other companies . Gross profit margin and blended commission rate is calculated before deduction of HKTVmall dollars and use of promotional coupon ( if any ) , which is considered as advertising and marketing expenses under management reporting purpose and includes merchant annual fee amortisation and other service income . Gross Merchandise Value ( " GMV " ) on order intake represents the total gross sales dollar value for merchandise sold through a particular marketplace over a certain timeframe , before deduction of any discounts offered by the marketplace , rebate used , cancellation and returns of merchandise sold . -1-