Sealand Cap Regulatory News (SCGL)

For immediate release: 30th June 2021

Sealand Capital Galaxy Limited

("Sealand", or the "Company" or "the Group")

Publication of Annual Report

Sealand Capital Galaxy Limited (LSE: SCGL), announces that it has today published its Annual Report and Financial Statements for the year ended 31 December 2020 with respect to the Company and its subsidiaries (the "Group"). The Annual Report and Financial Statements are available to view on the Company's website at http://scg-ltd.com/ . 

A copy of the Annual Report and Financial Statements has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

Nelson Law, Executive Chairman of the Company commented:

"The COVID-19 epidemic had a significant adverse impact on our business, particularly our overseas subsidiaries' operations during the year. Despite this the Group was able to make certain achievements during the year, both operationally and financially, substantially reducing its reported loss to £525,156 (2019: £1,481,629) and increasing Group revenue by 44.51% to £692,410.

"We are now leveraging our partner relationships with Tencent, Tenet and Alibaba to help overseas merchants access the huge Chinese market and sell their products and services, however we are also proactively pursuing acquisition and joint venture opportunities to help develop our business and we remain in discussions with a European business-to-business marketing technology company initially with a view to obtaining an exclusive license to use their technology in the Chinese market.

"We also announced in March 2021, after the reported period, that we had raised £90,000 via a subscription for new ordinary shares ("the Subscription"). The monies raised from the Subscription are being used to explore the commercial opportunities afforded by this opportunity, as well as providing further working capital for the Company.

"In an ever increasingly connected world, a process sped up further by COVID-19, the e-commerce bridges we are building between UK merchants and Chinese consumers certainly seem more apposite than ever before.

"We continue to believe that our ability to offer commercial and logistical solutions to businesses in a world that is certainly moving ever more rapidly towards online shopping and away from physical stores will be critical for the growth of the business."

-Ends-

Notes to Editors:

The Company's Shares are traded on the Official List of the London Stock Exchange's main market for listed securities under the ticker SCGL.

Further information on Sealand is available on its website http://www.scg-ltd.com/