Financial Performance - The consolidated turnover for the year ended March 31, 2022, was HK$62,365,000, a decrease of 69.8% from HK$206,605,000 in 2021[23] - Revenue from digital marketing dropped 75% from HK$198,394,000 in 2021 to HK$50,313,000 in 2022[26] - The loss attributable to equity holders for the year was HK$28,943,000, compared to a loss of HK$57,191,000 in 2021[23] - The loss per share was HK1.8 cents, down from HK4.1 cents in the previous year[23] - Overall revenue dropped approximately 70% from HK$206,605,000 in 2021 to HK$62,365,000 in 2022[46] - Loss attributable to shareholders reduced by about 49.4% from HK$57,191,000 in 2021 to HK$28,943,000 in 2022[46] - The Group's consolidated net loss attributable to the owners decreased by approximately 49.4% to HK$28,943,000 or HK1.8 cents per share for the year ended 31 March 2022, compared to a loss of HK$57,191,000 or HK4.1 cents per share in 2021[59] - Overall revenue from continuing operations significantly decreased by approximately 70% from HK$206,605,000 to HK$62,365,000 for the year ended 31 March 2022[59] Operational Efficiency and Cost Management - The group focused on improving profit margins and reducing expenses amid a challenging business environment due to Covid-19[26] - The original plans for business development and increased manpower were scaled back due to the ongoing impact of the Covid-19 pandemic[31] - Selling expenses from continuing operations decreased from approximately HK$30,734,000 in 2021 to approximately HK$13,051,000 in 2022[64] - Administrative expenses from continuing operations decreased to approximately HK$33,164,000 for the year ended 31 March 2022, down from HK$43,138,000 in 2021[70] - The decrease in administrative expenses was mainly due to lower business activities under the Covid-19 pandemic and streamlining of operations[70] - Total staff costs from continuing operations for the year ended 31 March 2022 were approximately HK$33,483,000, a reduction from HK$54,456,000 in 2021[84] Digital Marketing Segment - The gross profit margin for the digital marketing segment improved from approximately 17% in 2021 to 30% in 2022[31] - The gross margin of the Digital Marketing segment increased from 17% in 2021 to 30% in 2022[33] - The total number of employees in the Digital Marketing segment decreased from 133 at the end of fiscal 2021 to 54 at the end of fiscal 2022[46] - Research and development costs amounted to approximately HK$10,239,000 in 2022, compared to HK$9,453,000 in 2021, aimed at enhancing digital marketing operations[6] Share Subscription and Financial Position - The Group raised approximately HK$41,575,000 through a subscription of new shares to strengthen its financial position and fund new projects[52] - The current ratio improved to approximately 12.9 as of 31 March 2022, compared to 3.2 in 2021, indicating enhanced liquidity[78] - The net proceeds from the share subscription amounted to approximately HK$40.4 million, with 20.8% allocated for working capital to strengthen the marketing and technical team[95] - HK$15.2 million, representing 36.7% of the total net proceeds, is designated for working capital to provide Key Opinion Leader (KOL) management services[95] - The company has earmarked HK$11.9 million, or 28.7% of the total net proceeds, for potential acquisition opportunities to enhance competitiveness and long-term sustainability[95] Acquisition Plans - The Group is pursuing an acquisition of a PRC company specializing in AI voice recognition, pending shareholder approval[53] - The proposed acquisition involves purchasing the entire equity interests in Imitation Brain Technology (Shenzhen) Co., Ltd. for a total consideration of HK$63 million, to be settled by issuing 191 million new shares at approximately HK$0.33 each[98] Governance and Management - The Company’s Executive Directors include Ms. Chow Lai Wah Livia, Mr. Kwan Kin Chung, and Mr. Yuen Kin, with extensive experience in corporate management and finance[132][133][138] - Mr. Kwan Kin Chung has been with the Group since 1998 and has held various leadership roles, including Managing Director since March 2008[133] - Mr. Yuen Kin, appointed as an Executive Director in September 2017, holds a Master of Business Administration degree and has extensive experience in corporate finance[138] - The Company has a strong governance structure with members on various committees, including Audit, Remuneration, and Nomination[161] - The board includes members with significant experience in both local and international markets, enhancing the company's governance[169] Share Capital and Options - The number of shares available for issue under the 2013 share option scheme is 14,000,000 shares, representing approximately 0.84% of the issued share capital as of the date of the annual report[194] - No share options were granted, exercised, cancelled, or lapsed during the year ended 31 March 2022[200] - Jason Wong was granted 8,000,000 share options at an exercise price of HK$0.72, with an exercise period from 27 April 2022 to 26 April 2025[197] - A consultant of the Group was granted 6,000,000 share options at an exercise price of HK$0.72, with the same exercise period as above[198]

Revenue Performance - During the interim period ended 30 September 2021, the Group's revenue from digital marketing decreased from HK$79.6 million to HK$45.0 million, a decline of 43.5% compared to the same period last year[7]. - Revenue from continuing operations for the six months ended September 30, 2021, was HK$44,974,000, a decrease of 43.5% compared to HK$79,576,000 in 2020[20]. - The Group's revenue for the same period in 2020 was HK$79,576,000, indicating a significant decrease in revenue year-over-year[60]. - For the six months ended 30 September 2021, total revenue was HK$44,974,000, comprising HK$7,201,000 from publishing and intellectual properties licensing and HK$37,773,000 from digital marketing[56]. - Revenue from the digital marketing business significantly decreased from HK$75,711,000 to HK$37,773,000, attributed to clients reducing outsourcing of advertising and marketing activities[187]. - Revenue from the publishing and IP licensing business increased from HK$3.9 million to HK$7.2 million during the corresponding interim periods[8]. - The revenue from new media advertising was HK$35,517,000, while social media marketing contributed HK$2,256,000[56]. Financial Performance - Gross profit for the same period was HK$12,655,000, down 39.1% from HK$20,908,000 in 2020[20]. - The Group recorded a gross profit of approximately HK$12,655,000 with a gross profit margin of 28.1%, compared to a gross profit of HK$20,908,000 and a margin of 26.3% in the same period of 2020[187]. - Loss before tax increased to HK$25,673,000, compared to a loss of HK$24,529,000 in the previous year, reflecting a 4.7% increase in losses[20]. - The total comprehensive income for the period was a loss of HK$25,657,000, compared to a loss of HK$21,077,000 in the previous year[35]. - The loss for the period attributable to owners of the Company was HK$20,171,000 in 2021, compared to HK$19,783,000 in 2020, showing an increase in loss[114]. - The Group recorded a loss from continuing operations of approximately HK$25,657,000 for the six months ended 30 September 2021, compared to HK$24,400,000 in 2020[191]. Cost Management - Selling, administrative, and other expenses decreased by 10.2% from HK$42.2 million to HK$37.9 million during the six months ended 30 September 2021[8]. - Staff costs decreased to HK$19,163,000 in 2021 from HK$24,158,000 in 2020, indicating a reduction of approximately 20.7%[104]. - Administrative expenses from continuing operations decreased to approximately HK$19,065,000 for the six months ended 30 September 2021, down from HK$19,878,000 in 2020[188]. - Selling expenses from continuing operations decreased from approximately HK$13,746,000 to approximately HK$8,957,000, mainly due to reduced revenue from the digital marketing segment[187]. Asset and Liability Management - Non-current assets decreased to HK$7,637,000 from HK$13,825,000 as of March 31, 2021, indicating a decline of 44.7%[25]. - Current assets increased to HK$233,535,000 from HK$231,893,000, showing a slight increase of 0.7%[25]. - Total equity increased to HK$190,033,000 from HK$172,574,000, marking an increase of 10.1%[27]. - The Group's total liabilities as of 30 September 2021 amounted to approximately HK$51,139,000, down from HK$73,144,000 as of 31 March 2021[192]. - The Group reported a significant reduction in trade receivables, which fell to HK$26,231,000 from HK$62,841,000, a decrease of 58.3%[25]. - Trade payables amounted to HK$4,776,000, a decrease from HK$14,519,000 as of 31 March 2021, reflecting a significant reduction of approximately 67.1%[136]. Strategic Initiatives - The Group is focusing on maintaining and strengthening its marketing and technical team to expand service offerings, including the development and management of Multi-channel Networks (MCNs)[7]. - A cooperative arrangement or joint venture is being established with an international advertising and marketing group to enhance digital marketing capabilities using big data analyses[7]. - The Group is attempting to establish more distribution channels for premium wines, including online platforms and wine dealers[11]. - The Group is exploring more distribution channels for its premium wines, indicating a potential strategy for market expansion[78]. - The Group aims to utilize the proceeds to expand its digital marketing segment, focusing on various strategic initiatives[196]. Shareholder Actions - The Group raised HK$41.6 million by placing 278 million new shares in May 2021, primarily for general working capital and acquisition[11]. - The share subscription was completed on May 6, 2021, with net proceeds of approximately HK$41,575,000 intended for the expansion of the Group's digital marketing segment[196]. - The subscription agreement involved the allotment of 278,000,000 shares at a subscription price of HK$0.15 per share[195]. - The share subscription was approved by shareholders at a special general meeting on April 30, 2021[195]. Compliance and Governance - The Group's financial statements have been prepared in accordance with HKAS 34 and applicable disclosure requirements, ensuring compliance with accounting standards[1]. - The Group's accounting policies remain consistent with those presented in the annual financial statements for the year ended 31 March 2021[47]. - The application of amendments to HKFRSs in the current interim period has had no material impact on the Group's financial positions and performance[53].

culturecom AR21_X_Final_(16.5mm)_OP.pdf 1 6/7/2021 17:02:34 CONTENTS 目錄 | CORPORATE INFORMATION | 2 | | --- | --- | | 公司資料 | | | CHAIRMAN'S STATEMENT | 5 | | 主席報告書 | | | MANAGEMENT DISCUSSION AND ANALYSIS | 11 | | 管理層討論及分析 | | | DIRECTORS' REPORT | 19 | | 董事會報告書 | | | CORPORATE GOVERNANCE REPORT | 43 | | 公司管治報告 | | | INDEPENDENT AUDITOR'S REPORT | 62 | | 獨立核數師報告 | | | CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME | 73 | | 綜合損益及其他全面收益表 | | | CONSOLIDATED STATEMENT OF FINANCIAL POSIT ...

CULTUREC®M 文 化 傳 信 集 團 有 限 公 司 (於百慕達註冊成立之有限公司) (股份代號：00343) CULTURECOM HOLDINGS LIMITED ( Incorporated in Bermuda with limited liability ) ( Stock Code：00343 ) 2020-2021 Interim Report 中期報告 中期業績報告 2020-2021 Corporation Limited 文化傳信集團有限公司 | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------| | | | | CORPORATE INFORMATION | 公司資料 | | EXECU ...

CULTUREC®M 文 化 傳 信 集 團 有 限 公 司 ( 於百慕達註冊成立之有限公司) (股份代號：00343) CULTURECOM HOLDINGS LIMITED ( Incorporated in Bermuda with limited liability ) ( Stock Code：00343 ) p 2019-2020 Annual Report 年報 1 年報 2019-2020 文化傳信集團有限公司 CONTENTS 目錄 | --- | --- | --- | --- | --- | --- | |----------------------------------|-------|-----------------------------------------------------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 公司資料 | | CORPORAT ...

CULTUREC®M 文 化 傳 信 集 團 有 限 公 司 (於百慕達註冊成立之有限公司) (股份代號：00343) CULTURECOM HOLDINGS LIMITED ( Incorporated in Bermuda with limited liability ) ( Stock Code : 00343 ) 2019-2020 Interim Report 中期報告 中期業績報告 2019-2020 文化傳信集團有限公司 1 | --- | --- | |-------------------------------------------------------------|---------------------------------------| | | | | | | | CORPORATE INFORMATION | 公司資料 | | EXECUTIVE DIRECTORS Ms. Chow Lai Wah Livia (Vice Chairman) | 執行董事 周麗華女士 （副主席） | | Mr. Huang Mingguo (Chief Executive Officer) ...

| --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|------------------------------| | | | | | | Culturec®M | | | | | 文 化 傳 信 集 團 有 限 公 司 (於百慕建註冊成立之有限公司) (股份代號：00343) CULTURECOM HOLDINGS LIMITED ( Incorporated in Bermuda with limited liability ) ( Stock Code : 00343 ) | | | | | | | | | | | | | 2018-2019 Annual Report 年報 | 1 年報 2018-2019 文化 ...