香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 執行委員會成員、題名委員會成員及 非執行董事之補充公告 茲提述新華通訊頻媒控股有限公司（「本公司」）日期為二零二四年十二月二十 日的公告（「該公告」），內容有關委任本公司執行董事、執行委員會成員、提名 委員會成員及非執行董事（「該委任」）。除另有界定外，本公告所用詞彙與該公 告所界定者具有相同涵義。 董事會謹此就上市規則第 13.51（2）（a）條規定之資料作出如下補充披露。 XINHUA NEWS MEDIA HOLDINGS LIMITED 新華通訊頻媒控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：309） 有關委任執行董事、 1 承董事會命 新華通訊頻媒控股有限公司 聯席主席 徐國興 香港，二零二四年十二月二十七日 翁霆耀先生年齡為 41 歲及陳雲女士年齡為 40 歲。 除上文所披露者外，概無其他有關翁先生之委任及陳女士之委任之其他事宜須 敦請股東或聯交所垂注，亦無其他資料須根據上市 ...

Financial Performance - The group's revenue for the six months ended September 30, 2024, was HKD 1,406 million, an increase of 10% compared to HKD 1,278 million for the same period in 2023[3]. - Interest income rose to HKD 980,000 from HKD 786,000, reflecting a growth of approximately 24.6%[3]. - The group reported a basic loss per share of HKD 0.0018, compared to a loss of HKD 0.0043 for the same period last year, indicating an improvement in performance[6]. - The group reported a revenue increase of 17.2% in the cleaning and related services segment during the reporting period[41]. - Revenue for the six months ended September 30, 2024, was HKD 179,307,000, representing a 17.2% increase from HKD 153,029,000 in the same period of 2023[87]. - The company reported a loss before tax of HKD (3,727,000), an improvement compared to a loss of HKD (8,383,000) in the previous year[87]. - Total comprehensive loss for the period was HKD (3,775,000), significantly reduced from HKD (8,592,000) in the prior year[87]. - The net loss attributable to shareholders of approximately HKD 3,549,000, an improvement from a net loss of approximately HKD 8,212,000 in the same period last year[43]. Assets and Liabilities - The asset-to-liability ratio as of September 30, 2024, was 3.4%, slightly up from 3.3% as of March 31, 2024[23]. - The group’s total equity as of September 30, 2024, was approximately HKD 88.9 million, down from HKD 92.5 million as of March 31, 2024[23]. - As of September 30, 2024, the group's net asset value was approximately HKD 87,978,000, down from approximately HKD 91,753,000 as of March 31, 2024[44]. - Total assets as of September 30, 2024, amounted to HKD 163,611,000, an increase from HKD 161,737,000 in the previous year[97]. - Current assets totaled HKD 153,615,000, up from HKD 146,835,000 year-over-year, indicating a growth of approximately 4.0%[97]. - Non-current assets decreased to HKD 9,996,000 from HKD 14,902,000, reflecting a decline of about 32.5%[97]. - Total liabilities increased to HKD 75,437,000 from HKD 68,390,000, representing a rise of approximately 10.0%[97]. - The company's cash and cash equivalents at the end of the period were HKD 49,744,000, a decrease from HKD 61,032,000 at the end of the previous period[91]. Employee and Operational Costs - Employee benefits expenses for service provision amounted to approximately HKD 114.2 million, up from HKD 105.9 million in the previous year, representing an increase of about 10.9%[4]. - The total employee costs during the reporting period were approximately HKD 121,436,000, an increase from approximately HKD 113,155,000 in the same period last year[54]. - The group employed a total of 1,220 employees as of September 30, 2024, compared to 1,168 employees as of March 31, 2024[54]. - Other operating expenses increased by 33% to approximately HKD 60,596,000, primarily due to the costs associated with the cleaning and related services segment, which accounted for 90.7% of these expenses[43]. Corporate Governance - The company emphasizes the importance of good corporate governance for management, success, and sustainable development, and regularly reviews its governance practices[77]. - The company is committed to high standards of corporate governance and adheres to the corporate governance code as outlined in the listing rules[65]. - The audit committee consists of three independent non-executive directors responsible for reviewing the group's financial information and overseeing the financial reporting system and internal control procedures[81]. - The company has maintained compliance with all relevant provisions of the corporate governance code during the reporting period[78]. - The company will continue to review its corporate governance practices to meet the increasing expectations of shareholders and investors regarding corporate value, transparency, and accountability[77]. Strategic Initiatives and Future Outlook - The group plans to leverage technology to improve efficiency and address labor shortages in the cleaning and related services sector[24]. - The group is adapting to the evolving industry landscape by exploring new opportunities through the use of big data, VR, AR, and AI technologies[46]. - The group anticipates a favorable business environment driven by demand growth, global supportive policies, and technological advancements in waste management and new energy solutions[48]. - The company is exploring suitable investment opportunities to enhance financial performance and expand revenue sources, which may involve divesting parts of its existing business portfolio[189]. - The company is studying the possibility of importing labor from China to address labor shortages in Hong Kong, which have led to rising labor costs[186]. Dividends and Share Options - The group did not recommend any interim dividend for the six months ended September 30, 2024, consistent with the previous year[25]. - The board of directors has been granted stock options under the share option scheme, with an exercise price of HKD 0.278[71]. - The company has 81,546,302 unexercised share options under its share option scheme as of September 30, 2024[193]. Government Support - The group received government subsidies amounting to approximately HKD 398,000 during the six months ended September 30, 2024, with no unfulfilled conditions attached[160].

XINHUA NEWS MEDIA HOLDINGS LIMITED 新華通訊頻媒控股有限公司 ( 於開曼群島註冊成立之有限公司 ) (Stock Code: 309) 董 事 名 單 與 其 角 色 和 職 能 自二零二四年十二月二十日起，新華通訊頻媒控股有限公司 (「本公司」) 董事會 (「董 事會」)成員載列如下: 執行董事 勞國康(主席) 徐國興(聯席主席) 翁霆耀 非執行董事 王冠 陳雲 獨立非執行董事 王琪 邱伯瑜 梁雅達 董事會設有6個委員會。下表提供各董事會成員在有關委員會中所擔任的職位資料: | | 董事 委員會 | 審核委員會 | 執行委員會 | 薪酬委員會 | 策略與發展 | 提名委員會 | 企業管治 | | --- | --- | --- | --- | --- | --- | --- | --- | | 董事 | | | | | 委員會 | | 委員會 | | 勞國康 | | | | | | | | | 徐國興 | | | C | M | C | C | C | | 翁霆耀 | | | M | | | M | | | 王琪 | | M | | M | | M | | | 邱伯瑜 | ...

委任執行董事、 執行委員會成員、題名委員會成員及 非執行董事 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 XINHUA NEWS MEDIA HOLDINGS LIMITED 新華通訊頻媒控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：309） 董事會宣佈，翁先生已獲委任為執行董事、執行委員會成員、提名委員會成 員，且陳女士已獲委任為非執行董事，自二零二四年十二月二十日起生效。 新華通訊頻媒控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然 宣佈，翁霆耀先生（「翁先生」）已獲委任為本公司執行董、執行委員會成員、 提名委員會成員，且陳雲女士（「陳女士」）已獲委任為非執行董事，自二零二 四年十二月二十日起生效。 委任執行董事、執行委員會成員、提名委員會成員 翁先生的履歷詳情如下： 翁先生於二零零八年畢業於湖南中醫藥大學，取得中醫學學士學位。於二零零 九年，彼於香港取得註冊中醫師資格。其後彼於湖南中醫藥大學取得中醫學碩 士學位及 ...

Financial Performance - For the six months ended September 30, 2024, the company reported a revenue of HKD 179,307,000, an increase of 17.2% compared to HKD 153,029,000 for the same period in 2023[2] - The company incurred a loss before tax of HKD (3,727,000), an improvement from a loss of HKD (8,383,000) in the previous year, representing a reduction of 55.6%[4] - Basic and diluted loss per share for the period was HKD (0.0018), an improvement from HKD (0.0043) in the same period last year[4] - The net loss attributable to owners was approximately HKD 3,549,000, an improvement from a net loss of HKD 8,212,000 in the same period last year[66] - The total loss for the period was HKD 3,727,000, with no income tax expense recorded[28] Assets and Liabilities - Total assets as of September 30, 2024, amounted to HKD 163,611,000, a slight increase from HKD 161,737,000 as of March 31, 2024[10] - Current assets increased to HKD 153,615,000 from HKD 146,835,000, reflecting a growth of 4.9%[9] - The total liabilities increased to HKD 75,437,000 from HKD 68,390,000, indicating a rise of 10.0%[12] - The net asset value of the company as of September 30, 2024, was HKD 87,978,000, down from HKD 91,753,000, a decrease of 4.2%[15] - The group’s total liabilities included HKD 7,775,000 from loans from directors, which are managed at the group level[34] Revenue Segments - For the six months ended September 30, 2024, the total revenue from the cleaning and related services segment was HKD 179,307,000, an increase from HKD 153,029,000 for the same period in 2023, representing a growth of approximately 17.2%[36] - The adjusted loss before tax for the cleaning and related services segment was HKD 2,511,000, while the advertising media business and waste management segments reported losses of HKD 364,000 and HKD 595,000 respectively, leading to a total adjusted loss before tax of HKD 3,727,000 for the group[28] - The waste management segment reported a loss of HKD 595,000, contributing to the overall performance of the group[28] - The advertising media business segment incurred a loss of HKD 364,000, reflecting challenges in that area[28] Employee and Operational Costs - Total employee costs rose to HKD 121,436,000, up from HKD 113,155,000, reflecting an increase of 7.0%[40] - The total service cost, including employee benefits, was approximately HKD 169,209,000, up from HKD 145,845,000, indicating a rise of 16.0%[40] - Other operating expenses increased by 33% to approximately HKD 60,596,000, primarily due to rising labor costs in the cleaning and related services segment[73] Cash and Bank Balances - The company's cash and bank balances decreased to HKD 49,744,000 from HKD 65,280,000, a decline of 23.7%[8] - As of September 30, 2024, the company's cash and bank balances totaled approximately HKD 56,846,000, down from approximately HKD 67,372,000 as of March 31, 2024[74] - The group’s bank credit facility was reduced to HKD 7,000,000 from HKD 40,000,000, with unutilized credit of HKD 5,482,000[59] Investments and Future Plans - The company is exploring potential investments and business opportunities to enhance financial performance while managing risk levels[87] - The group has no significant investments planned as of September 30, 2024, and no major acquisitions or disposals of subsidiaries during the reporting period[88][89] - The company plans to leverage technology to improve efficiency and address labor shortages in the cleaning services sector[78] - The waste management business is expected to benefit from favorable market conditions due to increasing demand and supportive global policies[80] Compliance and Governance - The audit committee reviewed the interim financial statements, which were found to comply with applicable accounting standards and adequately disclosed[98] - The group did not apply any new accounting standards or interpretations that were not yet effective during the reporting period, and the revisions to accounting policies did not have a significant financial impact[22] - There were no significant changes affecting the group's performance during the reporting period[90] - No significant events occurred after the reporting period up to the date of this announcement[92]

新華通訊頻媒控股有限公司 （ 於開曼群島註冊成立之有限公司） （ 股份代號： 3 0 9 ） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責， 對其準確性或完整性亦不發表任何聲明， 並明確表示， 概不因本公告全部或部 分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 XINHUA NEWS MEDIA HOLDINGS LIMITED 新華通訊頻媒控股有限公司（「本公司」） 董事（「董 事」）會（「董事會」） 謹此宣佈， 將於二零二四年十一月二十八日（星期四）舉行董事會會議， 以考慮 及批准（ 其中包括） 本公司及其附屬公司截至二零二四年九月三十日止六個月之 未經審核中期業績及宣派中期股息（ 如有）。 於本公告日期， 董事會包括兩名執行董事， 即勞國康先生及徐國興先生； 一名 非執行董事， 即王冠女士； 及三名獨立非執行董事，即王琪先生、邱伯瑜先生 及梁雅達先生。 董事會會議通告 承董事會命 新華通訊頻媒控股有限公司 聯席主席 徐國興 香港，二零二四年十一月十八日 ...

Financial Performance - The company's revenue increased by 17.8% to approximately HKD 322,246,000 for the year ending March 31, 2024, compared to HKD 273,619,000 for the previous year[12]. - The net loss attributable to shareholders narrowed to approximately HKD 13,402,000, down from a loss of approximately HKD 17,671,000 in the previous year[21]. - Other income and gains decreased to approximately HKD 3,728,000 from HKD 4,422,000, primarily due to the absence of government subsidies under the Employment Support Scheme[20]. - Operating expenses increased by 16.1% to approximately HKD 103,210,000, with subcontracting costs rising by 30.0%[20]. - The cleaning and related services segment recorded a profit of approximately HKD 56,000, while the advertising media segment incurred a loss of approximately HKD 1,787,000[21]. Market and Operational Challenges - The company is facing challenges in the labor market, including rising labor costs and an aging workforce, which may impact future operations[7]. - The competitive landscape has led to some new contracts being secured at lower-than-expected profit margins[8]. - The company remains committed to providing high-quality cleaning services despite pricing pressures in the market[9]. Cash and Asset Management - As of March 31, 2024, the group's cash and cash equivalents totaled approximately HKD 67,372,000, down from HKD 72,204,000 as of March 31, 2023[22]. - The group's net asset value as of March 31, 2024, was approximately HKD 91,753,000, compared to HKD 105,662,000 as of March 31, 2023[23]. - The group's debt-to-equity ratio increased to 3.3% as of March 31, 2024, from 2.8% as of March 31, 2023[23]. - The group has bank financing of HKD 40,000,000 as of March 31, 2024, unchanged from the previous year[24]. Strategic Initiatives - The group aims to expand its market share by focusing on government contract bidding and enhancing pest control services[27]. - The waste management business is expected to benefit from growing demand and supportive global policies, with a favorable operating environment anticipated[29]. - The company is exploring suitable investment opportunities in waste management services[17]. Employee and Workforce Management - As of March 31, 2024, the group employed a total of 1,168 employees, an increase from 1,144 employees in 2023[43]. - Total employee costs amounted to approximately HKD 229,782,000, compared to HKD 198,416,000 in 2023, reflecting an increase of about 15.8%[43]. - Employee compensation is determined based on job nature, experience, and market levels, with performance-based bonuses awarded at discretion[44]. - The employee turnover rate for men rose to 43% in 2024 from 38% in 2023, while for women it increased to 62% from 56%[114]. - The training participation rate for employees reached 123% in 2024, significantly up from 81% in 2023[127]. Environmental, Social, and Governance (ESG) Commitment - The company is committed to sustainable development and aims to operate its business in an economically, socially, and environmentally sustainable manner[59]. - The board of directors plays a key role in overseeing environmental, social, and governance (ESG) matters, ensuring effective risk management and internal control systems are in place[61]. - The company conducts annual materiality assessments to understand stakeholder expectations and concerns regarding ESG issues[64]. - The report emphasizes the importance of transparency and accountability in ESG performance, with management regularly reporting to the board[61]. - The company achieved a reduction in nitrogen oxide emissions from 50.2 kg in 2023 to 31.1 kg in 2024, representing a 38% decrease[83]. Waste and Resource Management - The total amount of non-hazardous waste generated in 2024 was 165.25 tons, a decrease of 40.2% from 276.65 tons in 2023[93]. - Energy consumption decreased significantly from 122,879 kWh in 2023 to 71,081 kWh in 2024, representing a reduction of 42.1%[102]. - The company has set a new target to achieve a 3% reduction in resource consumption by 2029, with 2024 as the baseline year[105]. Corporate Governance - The company is committed to maintaining high standards of corporate governance and has adhered to the corporate governance code throughout the fiscal year[165]. - The board of directors consists of three executive directors, two non-executive directors, and three independent non-executive directors, ensuring a balanced composition for effective independent judgment[170]. - The company has adopted a self-defined code for securities trading by directors, ensuring compliance with the standards set by the listing rules[167]. - The board will review its structure, size, and composition at least annually to ensure compliance with relevant listing rules[175].

Bank Financing - The unutilized bank financing amount is clarified to be HKD 37,754,000 for the year 2023, down from HKD 40,000,000 as previously reported[1] - The previous year's unutilized bank financing amount was HKD 38,087,000[1]

Financial Performance - The company's revenue for the year ended March 31, 2024, was HKD 322,246,000, representing an increase of 17.8% compared to HKD 273,619,000 in the previous year[17]. - The company reported a loss before tax of HKD 17,800,000, compared to a loss of HKD 16,000,000 in the previous year[15]. - The company reported a loss before tax of HKD 13,713,000 for the year ending March 31, 2024, an improvement from a loss of HKD 17,800,000 in the previous year, representing a reduction of approximately 23.5%[18]. - Total comprehensive loss for the year was HKD 13,909,000, down from HKD 18,228,000 in the prior year, indicating a decrease of about 23.5%[18]. - The net loss attributable to the group's owners narrowed to approximately HKD 13,402,000, down from a loss of about HKD 17,671,000 in the previous year[114]. - Other income and gains for the year were approximately HKD 3,728,000, a decrease of about HKD 694,000 from HKD 4,422,000 the previous year[113]. Employee Costs - Employee costs increased to HKD 229,782,000, up from HKD 198,416,000, reflecting a rise of 15.8%[17]. - Employee benefits expenses increased to HKD 220,312,000 in 2024 from HKD 187,831,000 in 2023, representing a growth of 17.3%[65]. - Total employee costs amounted to HKD 229,782,000 in 2024, up from HKD 198,416,000 in 2023, reflecting a rise of 15.8%[65]. Assets and Liabilities - The total assets decreased to HKD 175,797,000 from HKD 193,427,000, indicating a decline of 9.1%[15]. - The company’s net assets decreased to HKD 91,753,000 from HKD 105,662,000, reflecting a decline of approximately 13.2%[20]. - The total liabilities increased slightly to HKD 70,135,000 from HKD 70,135,000, remaining stable year-over-year[15]. - The company’s total assets amounted to HKD 161,737,000, with total liabilities at HKD 69,984,000, resulting in a debt-to-asset ratio of approximately 43.2%[30]. - The company’s non-current liabilities decreased from HKD 3,967,000 to HKD 1,594,000, indicating a reduction of approximately 59.8%[20]. - The weighted average expected loss rate for trade receivables over 1 year was 100% in 2024, indicating a significant increase in credit risk[75]. Revenue Sources - Revenue from cleaning and related services reached HKD 322,246,000, an increase of 17.8% compared to HKD 273,619,000 in the previous year[34]. - The company has not reported any revenue from the Chinese market for the current year, compared to HKD 10,153,000 in the previous year[32]. - The company recorded a profit of approximately HKD 56,000 from cleaning and related services, while the advertising media business incurred a loss of about HKD 1,787,000, and the waste management business reported a loss of approximately HKD 1,051,000[114]. Capital Expenditure - The company recorded a capital expenditure of HKD 376,000, which is a new investment in its operations[15]. - Capital expenditure for the year was HKD 2,016,000, which includes the acquisition of property, plant, and equipment[31]. Cash Flow and Financing - Cash and cash equivalents decreased to HKD 63,271,000 in 2024 from HKD 70,125,000 in 2023, a decline of 9.5%[76]. - The group had bank financing of HKD 40,000,000 as of the reporting date, unchanged from 2023[77]. - The group’s cash and bank balances totaled HKD 67,372,000 in 2024, down from HKD 72,204,000 in 2023, a decrease of 6.1%[76]. - The net proceeds from the share placement have been fully utilized for general working capital[145]. Corporate Governance and Compliance - The company is committed to maintaining high standards of corporate governance and compliance with listing rules[155]. - The company has no undisclosed significant contingent liabilities or unresolved legal proceedings that could materially affect its financial position[149]. Market Outlook and Strategy - The business environment is expected to be favorable due to demand growth, global supportive policies, and technological advancements[120]. - The company plans to focus more on bidding for government contracts to expand market share and enhance pest control services for existing and potential clients[119]. - Significant growth in public and private housing construction in Hong Kong is anticipated, providing considerable development prospects for the cleaning division[143]. - The company is exploring potential investments or changes to its business portfolio to enhance financial performance and minimize risks[127]. Shareholder Information - The group did not recommend any dividend payment for the year ended March 31, 2024, consistent with 2023[81]. - No dividends are recommended for the year ending March 31, 2024, consistent with the previous year[123]. - The company has successfully placed 126,200,000 shares at a price of HKD 0.063 per share, representing approximately 6.99% of the existing issued share capital prior to completion[121]. - The company sold 66,666,666 shares for a total consideration of approximately HKD 2,225,000 during the reporting period[154].

Financial Performance - For the six months ended September 30, 2023, the company reported revenue of HKD 153,029,000, an increase of 19.5% compared to HKD 128,040,000 for the same period in 2022[6]. - The company incurred a loss before tax of HKD 8,383,000, which is an improvement from a loss of HKD 9,671,000 in the previous year, reflecting a reduction of 13.4%[6]. - The total comprehensive loss for the period was HKD 8,592,000, compared to HKD 9,738,000 in the prior year, indicating a decrease of 11.8%[6]. - The company reported a net loss of HKD 8,212,000 for the six months ended September 30, 2023, compared to a net loss of HKD 9,491,000 for the same period in 2022, representing a 13.5% improvement in loss[10]. - The company’s total comprehensive loss for the period was HKD 8,402,000, compared to HKD 9,709,000 in the previous period, indicating a 13.4% reduction in comprehensive loss[10]. - The group reported a pre-tax loss of approximately HKD 8,212,000 for the six months ended September 30, 2023, compared to a loss of HKD 9,491,000 for the same period in 2022, indicating a decrease in loss of about 13.5%[38]. - The group reported a basic loss per share of HKD 0.00425 for the six months ended September 30, 2023, compared to HKD 0.00506 for the same period in 2022, indicating an improvement in loss per share[38]. Cash Flow and Liquidity - Cash and cash equivalents decreased by HKD 9,054,000, ending at HKD 61,032,000 as of September 30, 2023, compared to HKD 86,059,000 at the end of the previous period[11]. - The net cash outflow from operating activities was HKD 5,006,000 for the six months ended September 30, 2023, compared to a net cash inflow of HKD 8,609,000 in the same period of 2022[11]. - The company incurred a net cash outflow from investing activities of HKD 2,295,000, an increase from HKD 1,524,000 in the previous year[11]. - The company’s cash flow from financing activities showed a net outflow of HKD 1,753,000, a decrease from a net inflow of HKD 3,834,000 in the prior year[11]. - As of September 30, 2023, the group's cash and bank balances totaled approximately HKD 66,124,000, down from HKD 72,204,000 as of March 31, 2023[73]. Assets and Liabilities - The company's total assets decreased to HKD 169,782,000 from HKD 175,797,000, a decline of 3.0%[8]. - Current liabilities rose to HKD 69,686,000 from HKD 66,168,000, reflecting an increase of 7.6%[8]. - The net asset value of the company as of September 30, 2023, was HKD 97,070,000, down from HKD 105,662,000, a decrease of 8.2%[8]. - The total liabilities increased to HKD 72,712,000 as of September 30, 2023, compared to HKD 70,135,000 as of March 31, 2023[24]. - The group’s net asset value decreased to approximately HKD 97,070,000 as of September 30, 2023, from HKD 105,662,000 as of March 31, 2023[73]. - The debt-to-equity ratio increased to 3.1% as of September 30, 2023, compared to 2.8% as of March 31, 2023[73]. Employee Costs and Operations - Employee costs for the period were HKD 113,155,000, which is an increase of 23.6% compared to HKD 91,518,000 in the previous year[6]. - Total employee costs increased to HKD 113,155,000 for the six months ended September 30, 2023, up from HKD 91,518,000 for the same period last year[90]. - The group employed a total of 1,175 employees as of September 30, 2023, an increase from 1,144 employees as of March 31, 2023[90]. - The cost of services provided was HKD 145,845,000 for the six months ended September 30, 2023, compared to HKD 121,006,000 in the previous year, reflecting an increase of about 20.5%[33]. - The other operating expenses amounted to approximately HKD 45,492,000, a 5.7% increase from HKD 43,019,000 in the previous year, primarily driven by costs associated with the cleaning and related services business[72]. Business Operations and Strategy - The company did not report any new product launches or significant market expansion strategies during this period[5]. - The company continues to focus on expanding its services in waste management and advertising media, which are key operational segments[13]. - The cleaning and related services business recorded a revenue growth of approximately 20%, attributed to increased service demand from a major client in the aviation sector[69]. - The company successfully secured a new cleaning contract for a well-known commercial building during the reporting period, enhancing synergy with an existing client[68]. - The company continues to face challenges in the cleaning industry due to rising labor costs and a shortage of skilled workers, necessitating adjustments in operational budgeting and financial planning[68]. - The company is actively exploring new business opportunities with local governments, although previous efforts have not been successful[70]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated interim financial statements for the six months ended September 30, 2023, confirming compliance with applicable accounting standards[109]. - The company has adopted a corporate governance code and has complied with all relevant provisions during the reporting period ending September 30, 2023[106]. - The company maintains high standards of corporate governance, regularly reviewing its practices to meet legal requirements and shareholder expectations[105]. - The audit committee has unrestricted access to employees, records, external auditors, and senior management to fulfill its responsibilities[109]. - The company is committed to transparency and accountability in its financial reporting and governance practices[105]. Stock Options and Share Capital - The stock option plan was approved by shareholders on September 25, 2015, and is valid for ten years until September 24, 2025[93]. - As of September 30, 2023, a total of 121,482,302 stock options were granted, with 98,589,302 options remaining unexercised[96][97]. - The exercise price for the stock options granted on July 23, 2020, is HKD 0.094, and these options can be exercised anytime from July 23, 2020, to July 22, 2030[97]. - The total number of stock options for continuous contract employees decreased from 48,686,302 to 47,543,302 due to the expiration of 1,143,000 options[96]. - The stock option plan aims to encourage and reward participants for their contributions to the group and to attract and retain talented employees[94]. - The stock options are also available to non-executive directors, suppliers, customers, and other contributors to the group's business development[93]. Shareholder Information - As of September 30, 2023, the total issued and paid-up ordinary shares were 1,931,069,796, with a par value of HKD 0.01 per share[50]. - The company raised approximately HKD 7,950,600 from a placement of 126,200,000 shares at HKD 0.063 per share, netting about HKD 7,763,000 for general working capital[50]. - As of September 30, 2023, WKI Partners (Holdings) Limited holds 179,315,000 shares, representing 9.29% of the company's issued share capital[104]. - The registered capital of Shuyang Green Yide Environmental Technology Co., Ltd. is RMB 62,500,000, with Mr. Lao holding a 30% indirect interest[101]. - Mr. Xu's total equity interest is 69,190,090 shares and 16,000,000 stock options, representing approximately 8.54% of the company's issued share capital[98][99]. - Mr. Lau holds 53,674,000 shares and 16,000,000 stock options, accounting for about 3.72% of the company's issued share capital[98][99].