HONG KONG, April 9, 2015 /PRNewswire/ — Tonly Electronics Holdings Limited ("Tonly Electronics" or "the Group") (SEHK stock code: 01249) announces its unaudited monthly sales performance in March and for the first three months of 2015. The below products do not cover all the business of the Group and the below figures do not fully reflect the business performance of the Group in the mentioned period.

In March 2015, the Group recorded monthly revenue of HK$363.2 million from AV products, down 0.8% year-on-year. For the first three months of 2015, the Group recorded revenue of HK$1,071.0 million from audio-visual ("AV") products, up 9.4% year-on-year.

The unaudited monthly sales revenue for video disc players decreased by 32.0% to HK$126.4 million in March 2015 and that for the first three months of 2015 decreased by 11.6% year-on-year to HK$397.3 million.

The unaudited monthly sales revenue for audio products grew by 30.3% year-on-year to HK$159.0 million in March 2015 and that for the first three months of 2015 increased by 30.3% year-on-year to HK$427.8 million

The unaudited monthly sales revenue for media boxes business increased by 33.4% year-on-year to HK$77.7 million in March 2015 and that for the first three months of 2015 increased by 22.2% year-on-year to HK$245.9 million.

The Group will continue to invest in R&D for new types of audio products and strengthen its innovation capability in electroacoustics. For the media box business, the Group continue to strengthen its cooperation with both domestic and overseas internet and telecommunication companies. Meanwhile, the Group will attempt to enter into other new business, expand its existing business and enlarge its income source through both organic expansion and acquisitions.

Unaudited Sales
Revenue (HK$’000)

Mar-15

Mar-14

YoY Change

Jan-Mar 15

Jan-Mar 14

YoY Change

(%)

(%)

Video disc players

126,413

185,920

-32.0%

397,341

449,592

-11.6%

Audio Products

—Traditional audio
products

88,375

63,338

+39.5%

217,385

171,419

+26.8%

—New audio
products

70,659

58,699

+20.4%

210,451

156,951

+34.1%

Subtotal

159,034

122,037

+30.3%

427,836

328,370

+30.3%

Media boxes *

77,711

58,243

+33.4%

245,872

201,123

+22.2%

Total

363,158

366,200

-0.8%

1,071,049

979,085

+9.4%

* Media boxes include OTT, which was categorized as video products in the previous press releases or result announcements.

Note: The above products do not cover all the business of the Group and the above figures do not fully reflect the business performance of the Group in the abovementioned period.

About Tonly Electronics

Tonly Electronics Holdings Limited (stock code: 01249) is a leading vertically-integrated manufacturing services provider in the audio-visual ("AV") products. It is also is the largest video products manufacturer and the fourth largest HTS manufacturer in the world, and is principally engaged in the research and development, manufacturing and sales of audio-visual products (excluding TV sets) for international brands on an ODM basis. Tonly Electronics is also one of the ABS-s manufacturers under the programmes of "Hu Hu Tong" and "CunCun Tong" initiated by The State Administration of Radio, Film, and Television ("SARFT"). Its ultimate controlling shareholder is TCL Corporation (a company listed on the Shenzhen Stock Exchange, Stock code 000100.SZ).

For more information, please visit its website at www.tonlyele.com.