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的任何損失承 擔任何責任。 截至二零二二年十二月三十一日止年度 全年業績公告 鋑聯控股有限公司（「本公司」）之董事會（「董事會」）宣佈本公司及其附屬公司（統稱「本集團」或「集 團」）截至二零二二年十二月三十一日止年度之經審核綜合全年業績，連同比較數字如下： 綜合收益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 港幣千元 港幣千元 收益 3(a) 450,083 541,319 其他虧損，淨額 4 (8,503) (1,797) 員工成本 (221,099) (307,853) 回贈 (114,816) (73,692) 廣告及宣傳開支 (9,452) (8,430) 使用權資產攤銷 (27,723) (26,347) 物業及設備折舊 (3,793) (1,738) ...

奮 勵 前 進 同 創 新 天 | --- | --- | --- | |------------------------------------------------------------------------------------|-------|-----------------------| | | | | | | | | | LEGEND UPSTAR HOLDINGS | | 中期業績報告 2022 | | Incorporated in the Cayman Islands with limited liability (Stock Code股份代號:459) | | www midlandici.com hk | 後聯控股有限公司 頁次 公司資料 2 主席報告 3 管理層討論及分析 7 其他資料 12 簡明綜合全面收益表（未經審核） 19 簡明綜合資產負債表（未經審核） 20 簡明綜合權益變動表（未經審核） 22 簡明綜合現金流量表（未經審核） 23 簡明綜合中期財務資料附註（未經審核） 24 01 目錄 公司資料 | --- | --- | |-------------------- ...

Financial Performance - The group reported a profit attributable to equity holders of HKD 49,839,000 for the year ended December 31, 2021, compared to a loss of HKD 7,275,000 in 2020[16]. - The operating profit from the group's agency business significantly increased, contributing to the turnaround from loss to profit, aided by strategic management restructuring and increased market share in the non-residential property market[17]. - The rental income from the property investment portfolio increased due to the full rental of units in the Roche Micron Development Building and contributions from newly acquired retail spaces[25]. - The company anticipates stable growth in profits and loan scale for its subsidiary, Junlian Credit[25]. Market Trends - Non-residential property registration volume surged by 62.4% in 2021, outpacing residential property registrations, driven by improved market confidence and economic growth[18]. - The sales registration volume for retail shops, offices, and industrial buildings in the second half of 2021 decreased by 13.0%, 16.6%, and 8.5% respectively compared to the first half, indicating a market slowdown[18]. - The group anticipates a challenging market outlook due to the impact of the Omicron variant and strict social distancing measures, which are expected to lower transaction activities in the first half of 2022[19]. - The retail sector is expected to perform the best among non-residential property markets, despite ongoing challenges and requests for rent reductions from tenants[22]. Strategic Initiatives - The government plans to introduce a new consumption voucher scheme, providing HKD 10,000 to eligible citizens, which is expected to stimulate the retail market and subsequently the commercial property market[19]. - The group expanded its branch network strategically, including the opening of flagship stores in Tsuen Wan and a new location in Kwun Tong to enhance service quality[10]. - The company acquired seven retail spaces during the reporting period, with five acquisitions completed in the second half of 2021[25]. Corporate Governance - The company emphasizes strong corporate governance practices to enhance shareholder value and protect shareholder interests[48]. - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange rules during the fiscal year ending December 31, 2021[49]. - The board consists of eight members, including four executive directors and four independent non-executive directors, ensuring a diverse range of skills and experiences[52]. - The roles of the Chairman and CEO are distinctly separated to ensure effective governance[54]. Risk Management - The board is responsible for establishing an effective risk management and internal control system to manage risks rather than eliminate them[96]. - The risk committee reviewed the risk management system and framework, discussing measures for identified risks that could significantly impact the group[80]. - The risk committee met twice in 2021 to discuss risk management strategies and the effectiveness of the risk management framework[80]. Environmental, Social, and Governance (ESG) Initiatives - The company integrates ESG management into its daily operations, highlighting its commitment to ethical and sustainable business practices[126]. - The company has established a policy to incorporate sustainability considerations into its growth and development strategies[126]. - The company has implemented measures to monitor greenhouse gas emissions and set sustainability goals to operate responsibly while generating returns for shareholders[129]. - The company has received the "Waste Reduction Certificate (Excellence Level)" and "Energy Saving Certificate (Good Level)" for its environmental protection efforts[114]. Employee Development and Welfare - The company has a commitment to employee training, offering specialized programs tailored to frontline and back-office staff[154]. - The company has established a clear career development path for employees, with annual evaluations based on performance, skills, and attitude, ensuring internal promotions are prioritized when vacancies arise[160]. - The company has a zero-tolerance policy towards any form of harassment and strictly enforces anti-discrimination policies[150]. - The company has maintained compliance with employment and labor laws, with no significant violations reported during the year[149]. Community Engagement - The company actively participated in charity events, raising funds for families affected by the pandemic through a hiking event for The Salvation Army in 2021[115]. - The company donated over HKD 200,000 to the Community Chest of Hong Kong in 2021 to support local community development[182]. - The company has been recognized for 14 consecutive years with the "Caring Company" logo by the Hong Kong Council of Social Service for its contributions to community support[182]. Health and Safety - The company has implemented various measures to enhance employee health and safety, adhering to relevant occupational health and safety laws, with no significant violations reported during the fiscal year[159]. - The company provided COVID-19 prevention training and guidelines to ensure a safe working environment, including mandatory mask-wearing and daily temperature checks for employees[160]. - Days lost due to work-related injuries is 4[191]. Awards and Recognition - The company has been recognized for creating a pleasant work environment, receiving the "Happy Workplace" award for five consecutive years[116]. - The company received multiple awards for environmental performance, including the Hong Kong Green Organization Certification[192]. - The company was recognized for employee care and social responsibility with several awards in 2021[193].

迦風蜕變 跨步向前 | --- | --- | |-----------------------------------------------------------------------------------------------------------------|-----------------------------------------| | | | | Midland IC&I Limited · Incorporated in the Cayman Idands with Instred liability's (Stock code 取 备 代 数:45 9) | 中期業績報告 2021 www midlandici.com hk | 美聯工商舖有限公司 頁次 公司資料 2 主席報告 3 管理層討論及分析 7 其他資料 11 簡明綜合全面收益表（未經審核） 18 簡明綜合資產負債表（未經審核） 19 簡明綜合權益變動表（未經審核） 21 簡明綜合現金流量表（未經審核） 22 簡明綜合中期財務資料附註（未經審核） 23 01 目錄 公司資料 | --- | --- | |------ ...

Financial Performance - The group reported an annual loss of HKD 8,031,000 for the year ending December 31, 2020, compared to a loss of HKD 19,601,000 in 2019, indicating a significant improvement in performance despite ongoing challenges [16]. - The loss attributable to equity holders was HKD 7,275,000, down from HKD 19,504,000 in the previous year, reflecting a reduction in losses [16]. - The company reported a comprehensive income statement for the year ending December 31, 2020, with detailed performance analysis by operating segments [169]. - No dividends were recommended for the year ending December 31, 2020, consistent with the previous year [170]. - The company's distributable reserves as of December 31, 2020, amounted to HKD 1,242,560,000, a decrease from HKD 1,251,085,000 in 2019 [185]. Market Conditions - The non-residential property market in Hong Kong saw a 4.5% decline in transaction volume, while the registered transaction value plummeted by 51.2% [17]. - Office property transactions decreased by 33.5% in volume and 64.1% in value, indicating a severe downturn in the market [17]. - The overall economic environment remains challenging due to the pandemic and geopolitical tensions, impacting the non-residential property market significantly [17]. - The office and retail markets in Hong Kong are expected to undergo structural changes due to the pandemic, with a shift towards flexible and remote working models [19]. - The retail market is likely to experience long-term impacts from the rise in online shopping, which has accelerated during the pandemic [19]. Strategic Initiatives - The group launched multiple online programs to enhance real estate information and investment education, adapting to the pandemic's challenges [11]. - The group hosted an online seminar to discuss post-pandemic investment strategies, attracting media coverage and public interest [10]. - The company is actively seeking suitable tenants for its investment properties to mitigate the impact of reduced rental income [24]. - The company is leveraging digital technology to enhance marketing and sales efforts during the pandemic [24]. - The management team is focusing on training to adapt to the changing market dynamics post-pandemic [24]. Corporate Governance - The board consists of six members, including three executive directors and three independent non-executive directors [43]. - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange rules throughout the year ending December 31, 2020 [40]. - The chairman and CEO roles are distinctly separated to ensure effective governance [46]. - The board is responsible for formulating business strategies and overseeing the company's affairs [41]. - The company is committed to maintaining high standards of corporate governance to enhance shareholder value [39]. Risk Management - The board is responsible for establishing an effective risk management and internal control system, which aims to manage risks rather than eliminate them [82]. - The company’s risk management procedures involve identification, analysis, assessment, mitigation, reporting, and monitoring of risks [85]. - The board believes that the effectiveness of the risk management and internal control systems for the year ended December 31, 2020, was satisfactory [85]. - The Audit Committee and Risk Committee reviewed the annual internal control and risk management systems and reported their findings to the board [85]. Environmental, Social, and Governance (ESG) Efforts - The company has adopted guidelines for its Environmental, Social, and Governance (ESG) report, ensuring relevance and significance of identified issues [106]. - The company collects and monitors quantitative indicators to assess the effectiveness of its ESG measures [108]. - The company aims to present a balanced view of its ESG performance, highlighting both achievements and areas for improvement [108]. - The company integrates ESG management into daily operations, covering aspects such as environmental management and green procurement practices [113]. - The company has implemented training programs for employees on anti-corruption practices, enhancing awareness of relevant laws and regulations [114]. Community Engagement - The company has received the "Caring Company" award for 14 consecutive years, recognizing its commitment to community care [101]. - The company actively participates in volunteer services, collaborating with the Salvation Army to provide pandemic relief packages to the elderly [102]. - The company aims to enhance community investment efforts post-pandemic, despite challenges faced during the reporting year [155]. - The company actively supported the community during the COVID-19 pandemic, partnering with organizations to assist vulnerable populations [155]. Employee Relations and Development - The company emphasizes the importance of employee relations and has implemented various policies to promote a comfortable working environment [173]. - The company has implemented a comprehensive training program for employees, including new hire training and core training focused on company culture and operational practices [129]. - Employee engagement activities have been organized to foster a harmonious workplace and enhance team collaboration, including health-promoting initiatives [126]. - The company promotes a culture of open communication between management and employees, providing various platforms for feedback and suggestions [125]. Compliance and Legal Matters - The company is committed to compliance with relevant laws and regulations, particularly in property agency services, and conducts regular training for employees [178]. - The company has not encountered any significant legal violations related to employment and labor standards during the reporting year, ensuring compliance with relevant laws [125]. - All directors confirmed compliance with the company's code of conduct regarding securities trading for the year ended December 31, 2020 [78].

Financial Performance - The group recorded revenue of HKD 141,384,000 for the six months ended June 30, 2020, a decrease of approximately 55.6% compared to HKD 317,113,000 for the same period in 2019[15]. - The loss attributable to equity holders was HKD 7,784,000, compared to a profit of HKD 20,967,000 in the same period last year[15]. - Basic and diluted loss per share for the period was HKD (0.431), a significant decline from earnings of HKD 1.161 in the previous year[55]. - The company reported a net loss of HKD 7,861,000 for the six months ended June 30, 2020, compared to a profit of HKD 21,003,000 in the same period of 2019[55]. - The company reported a segment loss of HKD 7,538,000 for the six months ended June 30, 2020, compared to a profit of HKD 29,674,000 in the same period of 2019[83]. - The financial performance for the first half of 2020 reflects the impact of market conditions and operational adjustments due to the ongoing economic environment[68]. Revenue and Income Sources - Agency fees from contracts with customers amounted to HKD 129,098,000, down 57.7% from HKD 304,868,000 in the previous year[73]. - Rental income for the period was HKD 9,195,000, a decline of 18.0% from HKD 11,214,000 in 2019[73]. - Interest income from lending activities increased to HKD 2,413,000, up 172.0% from HKD 885,000 in the previous year[73]. - Securities investment interest income rose to HKD 678,000, compared to HKD 146,000 in the same period last year[73]. - The total segment revenue for property agency business was HKD 148,098,000, with external customer revenue contributing HKD 141,384,000[75]. Market Conditions and Economic Outlook - The economic outlook remains uncertain due to the pandemic, with potential impacts on office space demand and retail market pressures[20]. - The recovery of the mainland economy is expected to stabilize Hong Kong's economy, supported by low interest rates and increased investor sentiment[22]. Cost Management and Operational Adjustments - The group has implemented cost control measures, including reducing advertising expenses, to optimize its cost structure in response to market challenges[19]. - The company continues to monitor and manage its operational costs effectively to enhance profitability[129]. - Future strategies may include further cost optimization and potential market expansion initiatives[129]. Assets and Liabilities - As of June 30, 2020, the group's cash and cash equivalents amounted to HKD 510,128,000, a decrease from HKD 543,759,000 as of December 31, 2019[28]. - The group's asset-liability ratio increased to 30.4% as of June 30, 2020, compared to 29.6% as of December 31, 2019[30]. - The current ratio decreased to 1.9 as of June 30, 2020, down from 3.9 as of December 31, 2019, primarily due to the reclassification of non-current liabilities to current liabilities[31]. - Total assets as of June 30, 2020, were HKD 1,601,384,000, slightly down from HKD 1,610,857,000 as of December 31, 2019[58]. - The company’s total liabilities slightly decreased to HKD 513,234,000 from HKD 514,846,000[58]. Shareholder Information - As of June 30, 2020, the total shares held by Mr. Huang Jianye amounted to 1,573,457,285, representing 87.16% of the company's issued voting shares[38]. - Mr. Huang Jianye directly and indirectly controls 35.07% of the company's shares through various entities, including 610,976,997 shares held by Valuewit Assets Limited[38]. - Wealth Builder Holdings Limited holds 434,782,608 shares, which are convertible into ordinary shares under the convertible bonds[39]. Dividends and Securities - No interim dividend was declared for the period ending June 30, 2020, consistent with the previous period[51]. - The company did not purchase, sell, or redeem any of its listed securities during the interim period[50]. - The company has no unexercised share options under the share option scheme adopted on June 18, 2020[48]. Employment and Management - The group employed 614 full-time employees as of June 30, 2020, down from 640 as of December 31, 2019[37]. - The group’s management compensation for the six months ended June 30, 2020, was HKD 2,316,000, a decrease from HKD 2,729,000 in the same period of 2019[126]. Investment Properties - The company had total investment properties valued at HKD 288,100,000 as of June 30, 2020, unchanged from December 31, 2019, with no fair value changes during the period[96]. - The capitalization rate for investment properties ranged from 2.6% to 3.3% as of June 30, 2020, compared to 2.9% to 3.8% as of December 31, 2019, suggesting a slight increase in perceived risk[99]. - The company maintained a consistent valuation methodology for its investment properties, with no transfers between fair value levels during the reporting period[98].

Financial Performance - The company reported revenue of approximately HKD 316,967,000 for the six months ended June 30, 2019, a decrease of 23% compared to the previous year[16]. - Profit attributable to equity holders was approximately HKD 20,967,000, down 58% from HKD 49,888,000 in the same period last year[16]. - Revenue for the six months ended June 30, 2019, was HKD 316,967,000, a decrease of 22.8% compared to HKD 410,999,000 for the same period in 2018[96]. - Operating profit for the period was HKD 25,985,000, down 58.3% from HKD 62,257,000 in the previous year[96]. - Profit before tax was HKD 24,552,000, a decline of 59.3% compared to HKD 60,378,000 in 2018[96]. - Total comprehensive income for the period was HKD 21,003,000, down 57.9% from HKD 49,888,000 in the same period last year[96]. - Basic earnings per share for the six months ended June 30, 2019, was HKD 1.16, compared to HKD 2.76 for the same period in 2018[96]. - The net profit for the period was HKD 21,003,000, significantly lower than HKD 49,888,000 reported in the same period of 2018, representing a decrease of approximately 57.8%[198]. Market Conditions - The non-residential property market experienced a significant decline in transaction volume during the reporting period[17]. - The outlook for the global economy remains weak, with ongoing trade tensions expected to negatively impact economic growth[22]. - The local retail market is expected to remain weak due to ongoing social events impacting economic conditions[22]. - The company anticipates an increase in office transaction volume in the second half of 2019, driven by potential market adjustments and investor interest[23]. Transactions and Investments - The company successfully facilitated several large lease transactions, including a notable lease at HKD 2.7 million per month for a full floor at Central Center[18]. - Significant transactions included properties at Far East Finance Centre, COSCO Tower, and Central Centre, with transaction amounts of approximately HKD 227 million, HKD 148 million, and HKD 102 million respectively[21]. - The company plans to continue expanding its property agency and investment business in Hong Kong, focusing on enhancing service offerings and market presence[138]. Financial Position - As of June 30, 2019, the group's cash and cash equivalents amounted to HKD 563,198,000, a decrease from HKD 593,214,000 as of December 31, 2018[32]. - The group's bank loans totaled HKD 135,844,000 as of June 30, 2019, slightly down from HKD 136,329,000 as of December 31, 2018[32]. - The group's asset-to-liability ratio was 28.2% as of June 30, 2019, compared to 28.3% as of December 31, 2018[35]. - The current ratio of the group was 2.8 as of June 30, 2019, down from 3.5 as of December 31, 2018, indicating a decrease in financial resource availability[35]. - Total assets as of June 30, 2019, amounted to HKD 1,780,801,000, an increase of 7.2% from HKD 1,661,120,000 at the end of 2018[98]. - Total liabilities as of June 30, 2019, were HKD 644,186,000, up from HKD 540,454,000 at the end of 2018[100]. - The company’s total liabilities increased to HKD 63,100,000 in accounts payable to related companies as of June 30, 2019, compared to HKD 52,866,000 as of December 31, 2018, reflecting an increase of approximately 19.5%[192]. Shareholder Information - Major shareholder Midland Holdings Limited holds 610,976,997 shares, representing approximately 33.84% of the voting shares[51]. - Luck Gain Holdings Limited owns 869,565,216 shares, accounting for 48.17% of the voting shares[51]. - Total shares held by major shareholders amount to 1,561,212,285, which is approximately 86.48% of the voting shares[51]. - The company has not entered into any arrangements allowing directors to benefit from purchasing shares or securities during the interim period[49]. Accounting and Compliance - The company adopted HKFRS 16 "Leases" on January 1, 2019, which resulted in the recognition of lease liabilities amounting to HKD 40,685,000[115]. - The total liabilities as of June 30, 2019, included lease liabilities of HKD 40,685,000, reflecting the impact of the new lease accounting standard[115]. - The company did not report any significant impact from the adoption of other new or revised accounting standards during the period[113]. Employee and Operational Metrics - The group had a total of 723 full-time employees as of June 30, 2019, a decrease from 770 employees as of December 31, 2018[40]. - The company reported a decrease in employee costs to HKD 2,710,000 for the six months ended June 30, 2019, compared to HKD 5,112,000 in the previous year, a reduction of about 47.3%[193].

Financial Performance - The group recorded a revenue of HKD 628 million for the year ended December 31, 2018, a decrease of 1.3% compared to the same period in 2017[14]. - Profit attributable to equity holders was approximately HKD 48.1 million, down 46.5% year-on-year[14]. - The company did not recommend any dividend payment for the year ended December 31, 2018, consistent with the previous year[156]. - As of December 31, 2018, the company's distributable reserves amounted to HKD 1,257,394,000, a slight decrease from HKD 1,264,389,000 in 2017[173]. - The company’s financial performance and asset summary for the past five fiscal years are detailed in the annual report[174]. Market Conditions - The number of registered industrial building transactions dropped by 38% in the second half of 2018, marking the worst performance among non-residential property categories[15]. - The group maintains a cautious outlook due to ongoing trade disputes and a slowdown in the Chinese economy, with GDP growth in China recorded at 6.6%, the lowest in 28 years[17]. - The overall market sentiment deteriorated due to uncertainties from US-China trade tensions and Brexit, impacting the group's operational expenses[14]. - The group continues to strengthen its market position in the retail space despite a challenging environment[16]. Corporate Governance - The board consists of eight members, including three executive directors, two non-executive directors, and three independent non-executive directors[56]. - The company emphasizes integrity, transparency, accountability, and independence in its corporate governance practices to enhance shareholder value[52]. - The company has adhered to all provisions of the Corporate Governance Code as set out in Appendix 14 of the Listing Rules during the year ended December 31, 2018[53]. - The board is responsible for the management of the company, including the approval of interim and annual reports and considering dividend policies[54]. - The company is committed to maintaining high standards of corporate governance and ensuring compliance with applicable rules and regulations[52]. Risk Management - The risk committee, chaired by CEO Mr. Wong Han Sing, held two meetings in 2018 to review the risk management system and framework[84]. - The board of directors is responsible for establishing an effective risk management and internal control system to manage risks rather than eliminate them, ensuring reasonable assurance against material misstatements or losses[95]. - The internal audit department reports directly to the audit committee and is independent of the company's daily operations, conducting regular audits of major activities to ensure effective financial, operational, and compliance controls[99]. Social Responsibility - The company has been awarded the "Caring Company" logo for 12 consecutive years, recognizing its commitment to social responsibility[117]. - The company has received the "Happy Workplace" award for three consecutive years, highlighting its efforts to create a positive work environment[118]. - The company has actively supported social welfare activities, including a charity calendar sale to benefit underprivileged students[119]. - The company has implemented a carbon emission quantification process, with a reported greenhouse gas emission of 184.48 tons of CO2 equivalent during the reporting period[129]. - The company has a volunteer team that engages in community service, including visits to hospitals for the underprivileged[123]. Environmental Initiatives - The company encourages the use of local suppliers to reduce transportation emissions as part of its environmental policy[128]. - The company has established policies to improve indoor air quality and reduce greenhouse gas emissions from its operations[129]. - The company has committed to recycling policies and has not generated any significant hazardous waste during the reporting period[131]. - The company has signed the "Outdoor Lighting Charter" in 2016 to reduce light pollution by turning off outdoor lights during specified periods[137]. Employee Relations - The company emphasizes employee welfare by providing competitive market salaries and various benefits, including medical insurance and training subsidies[141]. - The company emphasizes the importance of employee communication and has implemented various policies to promote work-life balance[162]. - The company has established a customer relationship team to enhance customer experience and address feedback through multiple channels[147]. Strategic Initiatives - A new credit business was established in the second half of 2018 to provide mortgage services, aiming to diversify revenue sources[22]. - A strategic group has been formed to explore new economic development opportunities in the Greater Bay Area[22]. - The company is committed to a diversified strategy to explore new investment and business opportunities for shareholder value creation[22]. Shareholder Information - The company has a total of 962,480,288 shares held by its directors and senior management, representing approximately 53.31% of the issued voting shares[187]. - Major shareholders include Luck Gain and Wealth Builder, each holding 869,565,216 shares, representing 48.17% of the issued voting shares[195]. - The company has not engaged in any purchase, sale, or redemption of its listed securities during the year ended December 31, 2018[176]. - The company has not entered into any agreements that would lead to the issuance of shares during the year[183].