Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 17,017,000, a decrease of 14.2% compared to HKD 19,824,000 in the same period of 2022[2] - Gross profit dropped to HKD 781,000, down 79.3% from HKD 3,772,000 year-on-year[2] - Operating loss increased to HKD 10,928,000, compared to a loss of HKD 6,763,000 in the previous year, reflecting a 61.4% increase in losses[2] - Net loss for the period was HKD 12,320,000, up 75.5% from HKD 7,014,000 in the same period last year[2] - The company reported a total comprehensive loss of HKD 16,050,000 for the period, compared to HKD 6,036,000 in the previous year, indicating a significant increase in overall losses[4] - The basic and diluted loss per share for the period was HKD 3.07, compared to HKD 1.75 in the previous year, reflecting a worsening financial position[2] - The group incurred a net loss of HKD 12,320 thousand for the six months ended September 30, 2023, compared to a loss of HKD 7,014 thousand in the same period of 2022, representing a 75.5% increase in losses[40] - The group reported a post-tax loss of HKD 12,320,000, an increase of 76% compared to the same period last year, primarily due to reduced revenue and a lack of government subsidies amounting to approximately HKD 2,500,000[71] Assets and Liabilities - Total assets decreased to HKD 44,826,000 as of September 30, 2023, down from HKD 54,479,000 at the end of March 2023[6] - The company’s total liabilities increased to HKD 83,607,000 from HKD 77,210,000, indicating a rise in financial obligations[6] - Cash and cash equivalents at the end of the period were HKD 31,388,000, a decrease from HKD 36,480,000 at the beginning of the period[9] - Trade receivables decreased to HKD 3,180,000 as of September 30, 2023, from HKD 3,978,000 at the end of March 2023, indicating a decline of approximately 20%[53] - Total trade and other payables increased to HKD 12,022,000 as of September 30, 2023, compared to HKD 10,595,000 at the end of March 2023, representing an increase of about 13.4%[57] - The total contract liabilities rose to HKD 5,441,000 as of September 30, 2023, compared to HKD 4,314,000 at the end of March 2023, indicating a growth of approximately 26%[57] - The group’s other receivables, deposits, and prepayments decreased to HKD 3,180,000 as of September 30, 2023, from HKD 3,978,000 at the end of March 2023[53] - The group’s equity investments in associates were valued at HKD 68,000 as of September 30, 2023, down from HKD 162,000 at the end of March 2023[48] Segment Performance - For the six months ended September 30, 2023, the total revenue from media business was HKD 12,269,000, while the watch and automotive business generated HKD 4,748,000, leading to a total revenue of HKD 17,017,000[26] - The total segment loss for the media business was HKD (9,933,000), and the watch and automotive business reported a loss of HKD (199,000), resulting in an overall segment loss of HKD (10,132,000)[26] - The media business reported a loss of HKD 5,432 thousand, while the automotive business generated a profit of HKD 736 thousand, leading to an overall loss of HKD 4,696 thousand for the total segments[28] - The entertainment and lifestyle business segment's revenue decreased by 16% to HKD 12,269,000, with segment losses increasing by 83% to HKD 9,933,000[72] - The watch and automotive business segment's revenue decreased by 10% to HKD 4,748,000, resulting in a loss of HKD 199,000 compared to a profit of HKD 736,000 in the previous year[74] Cash Flow and Financing - Operating cash flow for the period was negative HKD 10,031,000, compared to negative HKD 8,000,000 in the same period last year[9] - As of September 30, 2023, the company had total financing of HKD 100,000,000, with utilized financing of HKD 70,000,000 and unutilized financing of HKD 30,000,000[18] - The group had a total financing of HKD 100,000,000 from a related company, with HKD 70,000,000 drawn down as of September 30, 2023, compared to HKD 65,000,000 at the end of March 2023[61] - Loans from a subsidiary amounted to HKD 70,000,000 as of September 30, 2023, up from HKD 65,000,000 as of March 31, 2023[67] Management and Governance - The company did not declare an interim dividend for the six months ended September 30, 2023, consistent with the previous year[41] - Management compensation for the six months ended September 30, 2023, totaled HKD 981,000, a decrease from HKD 1,606,000 in the previous year[68] - The company has established a remuneration committee to review the compensation of directors and senior management regularly[94] - The company has adopted the Corporate Governance Code and has complied with its provisions throughout the reporting period[90] Operational Insights - The group plans to focus on improving operational efficiency and adopting technology-driven approaches, including new business developments in artificial intelligence applications[77] - There were no significant changes in risk management policies since March 31, 2023[17] - The company’s financial liabilities did not show any significant changes compared to March 31, 2023[18] - The company’s accounting policies remain consistent with those applied in the annual financial statements for the year ended March 31, 2023[13] - The group expects that the risk from exchange rate fluctuations is not significant, as revenues and costs are primarily denominated in HKD[80] Employee and Shareholder Information - The group had 100 employees as of September 30, 2023, a decrease from 103 employees as of March 31, 2023[89] - The major shareholders, including Sir Dato' Zhang Xiaoqing and Dr. Dato' Zhang Yiqing, each hold 292,700,000 shares, representing 73.01% of the issued share capital[87] - The company did not repurchase any shares during the period and did not buy or sell any of its shares[88]

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布之內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就 因本公布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。 萬 華 媒 體 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：426） 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 之 中 期 業 績 公 布 萬華媒體集團有限公司（「本公司」）董事（「董事」）宣布本公司及其附屬公司 （統稱「本集團」）截至二零二三年九月三十日止六個月之未經審核綜合中 期業績，連同於二零二二年同期之比較數字如下： 簡明綜合收益表 截至二零二三年九月三十日止六個月 （未經審核） 截至九月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 營業額 4 17,017 19,824 已售貨品成本 (16,236) (16,052) ...

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布之內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不就因本公布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。 萬華媒體集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：426） 截至二零二三年六月三十日止三個月之第一季業績公布 萬華媒體集團有限公司（「本公司」）董事（「董事」）宣布本公司及其附屬公司（統稱「本集團」）截至二零 二三年六月三十日止三個月之未經審核綜合業績，連同於二零二二年同期之比較數字如下： 綜合收益表 截至二零二三年六月三十日止三個月 (未經審核) 截至六月三十日止三個月 二零二三年 二零二二年 附註 千港元 千港元 營業額 2 9,353 10,264 已售貨品成本 (8,043 ) (7,777 ) 毛利 1,310 2,487 其他收入 3 45 1,674 銷售及分銷支出 (1,805 ) (2,049 ) 行政支出 (3,992 ) (4,063 ) 經營虧損 (4,442) (1,951) 財務費用 (584) (129) ...

Financial Performance - For the fiscal year ending March 31, 2023, the group's revenue decreased by 9% to HKD 41,166,000 from HKD 45,039,000 in the previous fiscal year, resulting in a post-tax loss of HKD 18,507,000, which is a 50% increase from the previous year's loss of HKD 12,332,000[15]. - The entertainment and lifestyle business segment reported a revenue of HKD 30,452,000, down 9% from HKD 33,348,000 in the previous fiscal year, leading to a segment loss of HKD 13,995,000 compared to HKD 7,104,000 the previous year[16]. - The group recognized one-time other income of HKD 2,461,000 for the fiscal year ending March 31, 2023, compared to HKD 5,158,000 in the previous fiscal year[15]. - The group reported a revenue of HKD 41,166,000 for the year ended March 31, 2023, a decrease of 8.3% from HKD 45,039,000 in the previous year[166]. - Gross profit for the year was HKD 7,242,000, down 15.0% from HKD 8,523,000 in the prior year[166]. - The company incurred an operating loss of HKD 17,190,000, compared to an operating loss of HKD 11,576,000 in the previous year, reflecting a deterioration in performance[166]. - The net loss for the year was HKD 18,507,000, an increase of 50.0% from HKD 12,332,000 in the previous year[166]. - Basic and diluted loss per share increased to HKD 4.6 from HKD 3.1, indicating a worsening financial position[166]. - Other income decreased to HKD 2,758,000 from HKD 5,904,000, representing a decline of 53.3%[166]. - The company reported a total comprehensive loss of HKD 13,694,000 for the year, compared to HKD 14,550,000 in the previous year, showing a slight improvement[168]. - The financial statements indicate a significant increase in financial expenses to HKD 1,293,000 from HKD 575,000, highlighting rising costs[166]. - The company recognized a loss of HKD 143,000 from joint ventures, consistent with the previous year's loss of HKD 145,000[166]. - The company reported a net loss of HKD 18,507,000 for the year, compared to a loss of HKD 12,332,000 in the previous year, indicating a worsening of approximately 50%[174]. - Cash and cash equivalents decreased from HKD 90,259,000 to HKD 36,480,000, a decline of about 60%[176]. - The company’s equity attributable to owners decreased from HKD (9,037,000) to HKD (22,731,000), reflecting a worsening of approximately 151% in accumulated losses[174]. - Operating cash flow showed a net outflow of HKD 18,300,000, compared to a net outflow of HKD 8,739,000 in the previous year, indicating a deterioration of about 109%[176]. - The company’s total comprehensive loss for the year amounted to HKD 13,694,000, compared to a loss of HKD 14,550,000 in the previous year, showing an improvement of about 6%[174]. Business Strategy and Operations - The group plans to enhance team building and apply new technologies to create new revenue sources and expand reader potential in the upcoming year[10]. - The group has successfully launched two video series, "A Star is Born" and "Movie Avenue," across multiple platforms, including websites and YouTube, to attract new clients[7]. - The group continues to leverage its strengths in both print and digital platforms to enhance the impact of its advertising solutions, with flagship publication "Ming Pao Weekly" remaining popular in Hong Kong[8]. - The group has restructured its sales and marketing resources to provide more effective services and deliver results to clients[7]. - The group anticipates further collaboration with industry partners to promote its artists in the artist management business[17]. Economic Environment - The overall economic environment in Hong Kong saw a GDP contraction of 3.5% in 2022, impacting advertising spending from general clients[15]. - The group anticipates a challenging fiscal year ahead due to rising operational costs influenced by geopolitical tensions and global supply chain issues[21]. Financial Position and Assets - As of March 31, 2023, the group's net current assets were HKD 33,421,000, down from HKD 85,700,000 in the previous year, with total liabilities to total assets ratio at 141.7% compared to 108.8% last year[22]. - The group held 12,000,000 shares of a strategic investment, representing 4.4% of the equity, with a fair value of HKD 9,960,000, accounting for approximately 18.3% of total assets[20]. - Total assets decreased from HKD 102,613,000 to HKD 54,479,000, a decline of approximately 47% year-over-year[170]. - Non-current assets increased from HKD 5,355,000 to HKD 10,391,000, representing an increase of about 94%[170]. - Current assets decreased significantly from HKD 97,258,000 to HKD 44,088,000, a drop of around 55%[170]. - Total liabilities decreased from HKD 111,650,000 to HKD 77,210,000, a reduction of approximately 31%[172]. - The group has cash and cash equivalents of HKD 36,480,000, a decrease from HKD 90,259,000 in the previous year[22]. Governance and Compliance - The board of directors has confirmed the independence of all independent non-executive directors[50]. - The company has a diverse board with members having extensive experience in media, finance, and corporate governance[53][56][58]. - The company has maintained its organizational structure without provisions for preemptive rights for existing shareholders[45]. - The company has adopted the Corporate Governance Code and has complied with its provisions throughout the year[88]. - The board has reviewed the compliance with the corporate governance code and the disclosure of information in the corporate governance report[111]. - The audit committee consists of three independent non-executive directors, with the chairman being Yu Han-Du[109]. - The company has established a mechanism to ensure independent opinions are provided to the board, enhancing governance effectiveness[94]. - The company has established a nomination policy outlining the procedures and criteria for selecting and reappointing directors[106]. - The company has purchased insurance for directors against liabilities arising from potential lawsuits[80]. - The company has established a zero-tolerance policy towards bribery and corruption, emphasizing ethical conduct among employees[133]. Risk Management - The board is responsible for ensuring the establishment and maintenance of effective risk management and internal control systems to protect shareholder investments[125]. - The risk management framework includes systematic procedures to identify, assess, monitor, and manage significant risks related to achieving overall corporate objectives[126]. - The internal audit department evaluates the adequacy and effectiveness of the risk management and internal control systems[129]. - The company has implemented a whistleblowing policy to ensure transparency and accountability regarding financial reporting and internal controls[130]. - The board has received assurances from the CEO and CFO regarding the adequacy and effectiveness of the risk management and internal control systems[136]. Shareholder Relations - The company emphasizes the importance of effective communication with shareholders and has maintained its shareholder communication policy as effective during the review year[137]. - The company has established a shareholder communication policy to provide detailed information to shareholders, ensuring they can exercise their rights knowledgeably[138]. - The company has a policy allowing shareholders holding at least 10% of the paid-up capital to request a special general meeting[141]. - The company will regularly review its shareholder communication policy to ensure its effectiveness[137]. Accounting Policies - The group has not adopted several new and revised accounting standards and interpretations that have been issued but are not mandatory for the reporting period ending March 31, 2023[184]. - The revised International Accounting Standards (IAS) 1 regarding the classification of liabilities as current or non-current will be effective from January 1, 2024[185]. - The group applies acquisition accounting for all business combinations, regardless of whether equity instruments or other assets have been acquired[188]. - The group recognizes non-controlling interests at fair value or at the proportionate share of the acquiree's identifiable net assets[188]. - The group will not recognize further losses when the share of losses in an associate equals or exceeds the investment in that entity[193]. - The group adjusts the carrying amount of investments in associates based on the share of profits or losses and other comprehensive income[193]. - The group’s consolidated financial statements are presented in Hong Kong dollars, which is the functional currency of the company[199]. - Foreign currency transactions are translated into the functional currency at the exchange rate on the transaction date[200]. - Exchange gains and losses from foreign currency transactions are generally recognized in the consolidated income statement[200].

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布之內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就 因本公布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。 ONE MEDIA GROUP LIMITED 萬 華 媒 體 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：426） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 之 全 年 業 績 公 布 萬華媒體集團有限公司（「本公司」）董事（「董事」）宣布本公司及其附屬公司 （「本集團」）截至二零二三年三月三十一日止年度之綜合全年業績如下： 綜合收益表 截至三月三十一日止年度 二零二三年 二零二二年 附註 千港元 千港元 營業額 3 41,166 45,039 已售貨品成本 (33,924) (36,516) 毛利 7,242 8,523 其他收入 4 2,758 5,904 銷售及分銷支出 (9,471) (9,410) 行政支出 (17,719) (16,593) ...

Financial Performance - For the three months ended December 31, 2022, the company reported a revenue of HKD 11,008,000, a decrease of 13.7% compared to HKD 12,759,000 in the same period of 2021[2] - The cost of goods sold for the same period was HKD 8,279,000, resulting in a gross profit of HKD 2,729,000, down from HKD 2,850,000 in the previous year[2] - Operating loss increased to HKD 4,225,000 from HKD 2,128,000 year-over-year, reflecting a significant decline in profitability[2] - The net loss for the period was HKD 4,735,000, compared to a net loss of HKD 2,301,000 in the prior year, indicating a worsening financial position[2] - The company reported a loss of HKD 4,735,000 for the quarter, compared to a loss of HKD 2,301,000 in the same quarter of the previous year[33] Assets and Equity - The company's total assets decreased to HKD 54,289,000 as of December 31, 2022, down from HKD 102,613,000 at the end of March 2022[5] - Cash and cash equivalents significantly dropped to HKD 36,554,000 from HKD 90,259,000, highlighting liquidity concerns[5] - The company reported a total equity attributable to owners of the company of HKD (19,805,000), compared to HKD (9,037,000) in the previous period, indicating increased financial distress[5] - The fair value of the company's investment in a subsidiary, Maokai Kwai Chung, was HKD 6,000,000 as of December 31, 2022, representing 11.1% of the total assets[31] Revenue Breakdown - The media business generated revenue of HKD 7,759,000, while the watch and automotive segments contributed HKD 3,249,000, totaling HKD 11,008,000[13] Expenses and Liabilities - The company incurred a loss before tax of HKD 4,737,000, which includes unallocated expenses of HKD 1,340,000[13] - The depreciation expense for property, plant, and equipment was HKD 36,000 for the quarter, compared to HKD 69,000 in the previous year[18] - The company has not incurred any significant contingent liabilities or guarantees as of December 31, 2022[30] Share Information - The average number of issued ordinary shares was 400,900,000, resulting in a basic and diluted loss per share of HKD 1.18, compared to HKD 0.57 in the previous year[22] Dividends and Income - The company did not declare any dividends for the quarter ended December 31, 2022, consistent with the previous year[23] - The company recorded interest income of HKD 2,000 and government grants of HKD 21,000 during the quarter[17] Accounting Standards and Tax - The company has not adopted any new accounting standards that would significantly impact its financial statements for the reporting period[9] - The Hong Kong profit tax rate applied for the quarter was 16.5%, consistent with the previous year[19] Financing - The company received financing of HKD 125,000,000 from a subsidiary, with HKD 60,000,000 drawn down as of December 31, 2022[29]

Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 19,824,000, a decrease of 9.3% from HKD 21,853,000 in the same period last year[1]. - Gross profit increased to HKD 3,772,000, up 3.3% from HKD 3,651,000 year-on-year[1]. - Operating loss for the period was HKD 6,763,000, compared to a loss of HKD 3,730,000 in the previous year, indicating a deterioration in performance[1]. - Net loss attributable to the company's owners was HKD 7,014,000, compared to HKD 4,133,000 in the prior year, reflecting a year-on-year increase of 69.5%[3]. - The operating loss before tax for the period was HKD 7,138,000, with a net loss of HKD 7,014,000 after tax credits of HKD 124,000[25]. - The company reported a loss before tax of HKD 4,114,000, compared to a loss of HKD 4,133,000 in the previous year, indicating a slight improvement[26]. - Basic and diluted loss per share for the period was HKD 1.75, compared to HKD 1.03 for the same period last year, indicating a worsening financial performance[38]. - The group’s after-tax loss widened by 70% to HKD 7,014,000, primarily due to the absence of one-time agreement fee income and government subsidies totaling HKD 5,087,000 from the previous year[64]. Assets and Liabilities - Total assets decreased to HKD 96,710,000 as of September 30, 2022, down from HKD 102,613,000 as of March 31, 2022[5]. - Total liabilities remained relatively stable at HKD 111,783,000, compared to HKD 111,650,000 in the previous period[5]. - The total assets as of September 30, 2022, were HKD 108,313,000, down from HKD 115,891,000 as of March 31, 2022, reflecting a decrease of 6.6%[28]. - The total liabilities increased to HKD 123,377,000 as of September 30, 2022, compared to HKD 124,863,000 as of March 31, 2022, showing a marginal decrease[28]. - The group’s net current assets were HKD 78,462,000, down from HKD 85,700,000 as of March 31, 2022, with total losses attributable to owners amounting to HKD 15,073,000[72]. - The capital debt ratio as of September 30, 2022, was 116%, an increase from 109% as of March 31, 2022[72]. Cash Flow - Cash and cash equivalents at the end of the period were HKD 81,859,000, a decrease from HKD 90,259,000 at the beginning of the period[8]. - The company reported a net cash outflow from operating activities of HKD 8,000,000, compared to HKD 3,328,000 in the previous year, indicating increased cash usage[8]. Revenue Segmentation - For the six months ended September 30, 2022, the total revenue was HKD 19,824,000, with media business contributing HKD 14,525,000 and watch and automotive business contributing HKD 5,299,000[25]. - The entertainment and lifestyle segment's revenue fell by 14% to HKD 14,525,000, with segment losses increasing to HKD 5,432,000 from HKD 783,000 in the prior year[65]. - The watch and automotive segment's revenue increased by 7% to HKD 5,299,000, achieving a segment profit of HKD 736,000 compared to a loss of HKD 872,000 in the previous year[66]. Government Grants - The group received government grants totaling HKD 2,548,000 during the period, with HKD 2,032,000 from the media business and HKD 516,000 from the watch and automotive business[25]. - Government grants received increased significantly to HKD 2,548,000 in 2022 from HKD 87,000 in 2021, highlighting improved support from governmental sources[32]. Employee and Management Costs - The company reported a decrease in employee benefit expenses to HKD 17,428,000 from HKD 19,853,000, reflecting cost-cutting measures[33]. - The group’s management compensation for the six months ended September 30, 2022, was HKD 1,606,000, slightly down from HKD 1,608,000 in the previous year[61]. Risk Management - There were no significant changes in risk management policies since March 31, 2022[16]. - The group’s financial risk exposure includes credit risk, price risk, liquidity risk, and interest rate risk[15]. - The group expects minimal risk from exchange rate fluctuations as its revenues and costs are primarily denominated in HKD[73]. Corporate Governance - The Audit Committee consists of three independent non-executive directors, ensuring oversight and governance[86]. - The Remuneration Committee includes three independent non-executive directors and one executive director, indicating a balanced approach to executive compensation[87]. - The Nomination Committee is composed of three independent non-executive directors and one executive director, reflecting a commitment to governance in board appointments[88]. - The Audit Committee has reviewed the interim financial information along with management, discussing risk management and internal control systems[89].

Financial Performance - For the three months ended June 30, 2022, the company reported a revenue of HKD 10,264,000, a decrease of 5.5% from HKD 10,866,000 in the same period last year[3] - The cost of goods sold for the same period was HKD 7,777,000, resulting in a gross profit of HKD 2,487,000, which is an increase of 20.8% compared to HKD 2,059,000 in the previous year[3] - The operating loss for the quarter was HKD 1,951,000, significantly improved from a loss of HKD 3,970,000 in the prior year, reflecting a reduction of 50.8%[3] - The net loss for the period was HKD 2,097,000, compared to a net loss of HKD 4,202,000 in the same quarter last year, indicating a 50.2% improvement[3] - Total comprehensive income for the period was HKD 3,702,000, up from HKD 2,148,000 in the previous year, representing a 72.3% increase[4] - The company reported a net loss before tax of HKD 4,192,000 for the quarter[1] Assets and Liabilities - The company's total assets decreased to HKD 35,233,000 as of June 30, 2022, from HKD 102,613,000 as of March 31, 2022[6] - Cash and cash equivalents significantly decreased to HKD 14,881,000 from HKD 90,259,000 in the previous quarter, indicating a decline of 83.5%[6] - Trade and other receivables increased to HKD 8,985,000 from HKD 6,791,000, reflecting a growth of 32.5%[6] - The company reported a total liability of HKD 40,568,000, down from HKD 111,650,000 in the previous quarter, showing a reduction of 63.6%[6] Government Grants and Subsidies - The company recognized government grants totaling HKD 1,632,000 during the quarter, which contributed positively to the financial performance[14] - The company received government subsidies of HKD 1,632,000 under the "2022 Employment Support Scheme" during the quarter[33] Share Information - The average number of issued ordinary shares was 400,900,000, resulting in a basic and diluted loss per share of HKD 0.5, compared to HKD 1.0 in the same quarter of the previous year[24] Other Income and Expenses - Interest income for the quarter was HKD 1,000, while other media business income significantly dropped to HKD 3,000 from HKD 297,000 in the previous year[18] - The company recorded a depreciation expense of HKD 56,000 for property, plant, and equipment, down from HKD 80,000 in the previous year[19] Contingent Liabilities and Dividends - The company has no significant contingent liabilities or guarantees as of June 30, 2022[30] - The company did not declare any dividends for the quarter ended June 30, 2022, consistent with the previous year[25] Investment Valuation - The fair value of the company's investment in equity securities was HKD 10,800,000 as of June 30, 2022, compared to HKD 4,980,000 at the end of the previous quarter[27]

Financial Performance - For the fiscal year ending March 31, 2022, the group's revenue slightly decreased by 2% to HKD 45,039,000 from HKD 45,943,000 in the previous fiscal year[16] - The group recorded a loss attributable to shareholders of HKD 12,332,000, an improvement of approximately 29% compared to the loss of HKD 17,255,000 in the previous fiscal year[16] - The entertainment and lifestyle segment generated revenue of HKD 33,348,000, down 5% from HKD 35,199,000 in the previous fiscal year, while segment losses were reduced from HKD 9,613,000 to HKD 7,104,000[17] - The group recognized one-time other income of HKD 5,158,000 for the fiscal year, compared to HKD 9,130,000 in the previous fiscal year[16] - The overall loss, excluding one-time income, was HKD 17,490,000, a decrease of approximately 34% from HKD 26,385,000 in the previous fiscal year[16] - The watch and automotive segment recorded revenue of HKD 11,691,000, an increase of 9% from HKD 10,744,000 last year, with losses reduced from HKD 3,085,000 to HKD 637,000[19] - The overall loss for the segment, excluding one-time income, was HKD 745,000 compared to HKD 4,803,000 in the previous fiscal year, primarily due to cost savings[19] - The company reported a comprehensive loss of HKD 14,550,000 for the year, compared to HKD 7,541,000 in the previous year, indicating increased overall losses[172] - The company reported a net loss of HKD 12,332,000 for the year ended March 31, 2022, compared to a net loss of HKD 17,255,000 for the previous year, representing a 28.1% improvement in losses[178] - The total comprehensive loss for the year ended March 31, 2022, was HKD 14,550,000, compared to a total comprehensive loss of HKD 7,541,000 in the previous year, indicating a 93.5% increase in losses[178] Operational Efficiency and Strategy - The company is focusing on cost control and operational efficiency while seeking new opportunities in response to the challenges posed by the pandemic[11] - The group aims to enhance operational efficiency by recruiting new talent to replace losses from natural attrition in 2021[23] - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[170] - The company is exploring new advertising solutions, including customized themed short films to attract new advertisers[18] - The group is leveraging its artist management business to promote products and services through its platforms[18] Financial Position and Assets - As of March 31, 2022, the group's net current assets were HKD 85,700,000, down from HKD 112,476,000 in the previous year, with total liabilities to total assets ratio at 108.8% compared to 95.9% last year[24] - The group held 12,000,000 shares of a strategic investment, representing 4.4% of the equity, with a fair value of HKD 4,980,000, down from HKD 7,320,000 the previous year[22] - The company’s equity position deteriorated, with total equity showing a deficit of HKD 9,037,000 compared to a positive equity of HKD 5,513,000 in the prior year[175] - Total assets decreased to HKD 102,613,000 from HKD 133,942,000, a decline of about 23.3%[175] - Total liabilities also decreased to HKD 111,650,000 from HKD 128,429,000, reflecting a reduction of approximately 13.1%[176] - Cash and cash equivalents dropped to HKD 90,259,000 from HKD 115,082,000, a decrease of about 21.6%[175] Governance and Compliance - The board of directors includes independent non-executive directors and an executive director, with recent changes in committee memberships effective April 1, 2022[41][43][58] - The company has adopted the Corporate Governance Code and has adhered to its provisions throughout the year[95] - The board of directors consists of six members, including three independent non-executive directors, ensuring a balanced governance structure[97] - The company has established a shareholder communication policy to ensure stakeholders are well-informed about business matters[142] - The company has implemented a comprehensive internal control system, which is regularly reviewed for effectiveness by the board and management[101] - The company has adopted a written guideline for securities trading, confirming compliance with the standard code by all directors as of March 31, 2022[96] - The company has a dividend policy that considers actual and expected financial performance, financial condition, and other relevant factors before declaring dividends[124] Risk Management - The company emphasizes a risk management framework to identify, assess, and manage significant risks related to achieving its corporate goals[131] - The company has implemented a risk management process that is reviewed at least annually, with senior management assessing identified risks and mitigation measures[132] - The board has committed to regular reviews of the risk management framework to address any identified weaknesses[140] - The internal audit department evaluates the adequacy and effectiveness of the risk management and internal control systems, collaborating with independent auditors[133] Shareholder Information - Major shareholders, including Sir Dato' Zhang Xiaoqing and Dr. Dato' Zhang Yiqing, control 292,700,000 shares, accounting for 73.01% of the issued share capital[78] - The company has maintained sufficient public float, with at least 25% of its issued shares held by the public[85] - Shareholders holding at least 10% of the paid-up capital can request a special general meeting, following specific procedural guidelines[145] Audit and Financial Reporting - The independent auditor's report confirms that the consolidated financial statements present a true and fair view of the group's financial position as of March 31, 2022[150] - The financial statements were prepared in accordance with International Financial Reporting Standards and comply with the disclosure requirements of the Hong Kong Companies Ordinance[150] - The audit procedures included evaluating the internal controls related to the estimation of expected credit losses and assessing the inherent risk of material misstatement[158] - The auditor's report emphasizes the responsibility of the board of directors to prepare accurate financial statements and assess the group's ability to continue as a going concern[162] - The management's estimates regarding the recoverability of trade receivables were found to be reasonable based on the audit evidence collected[158] Employee and Management Information - The company has approximately 106 employees as of March 31, 2022, down from 122 employees the previous year[33] - The remuneration committee held two meetings during the review year to assess the compensation policies for executive directors and senior management[108] - The company’s remuneration policy for employees is based on operational performance, individual performance, and market statistics[126] - The company encourages directors to participate in continuous professional development to enhance their knowledge and skills[118]

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布之內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不就因本公布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。 – 2 – 萬華媒體集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：426） 截至二零二一年十二月三十一日止三個月之第三季業績公布 萬華媒體集團有限公司（「本公司」）董事（「董事」）宣布本公司及其附屬公司（統稱「本集團」）截至二零 二一年十二月三十一日止三個月之未經審核綜合業績，連同於二零二零年同期之比較數字如下： 綜合收益表 截至二零二一年十二月三十一日止三個月 | | | (未經審核) | | | --- | --- | --- | --- | | | | 截至十二月三十一日止三個月 | | | | | 二零二一年 | 二零二零年 | | | 附註 | 千港元 | 千港元 | | 營業額 | 2 | 12,759 | 13,422 | | 已售貨品成本 | | (9,909) | (11,128) | | 毛利 | | 2,850 | 2,294 | | 其他收入 | 3 | 1,195 ...