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份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 (股份代號: 00544) 補充公告 DAIDO GROUP LIMITED 大同集團有限公司 * (在百慕達成立為法團，而其成員的法律責任是有限度的) 承董事會命 大同集團有限公司 執行董事 馮柏基 香港，二零二五年七月十一日 於本公告日期，董事會成員包括執行董事馮柏基先生；非執行董事關雅頌女士；以及獨立非 執行董事梁志雄先生、羅智弘先生及謝遠明先生。 * 僅供識別 茲提述本公司截至二零二四年十二月三十一日止年度的年報（「年報」）。除非文義另有所 指外，本公告所用詞彙與年報中所界定者具有相同涵義。 如年報所披露，本公司於二零一五年六月二日採納一項購股權計劃（「二零一五年計劃」）。 於報告日期結算日及於年報日期，根據二零一五年計劃可供發行之股份總數（不包括庫存股 份，如有）為 17,406,624 股 （二零二三年： 17,406,624 股） ，以及其於報告日期結算日及於年 報日期佔已發行股本（不包括 ...

Financial Performance - The total revenue for the fiscal year ending December 31, 2024, was approximately HKD 219 million, a decrease of about 26.5% compared to HKD 298 million in the previous year[9]. - The company recorded a loss attributable to equity holders of approximately HKD 40.2 million, compared to a profit of approximately HKD 5.9 million in the previous year[9]. - Revenue from the cold storage and related services business decreased by approximately 21.8%[9]. - Revenue from the food and beverage trading and sales business in mainland China decreased by approximately 42.6%[9]. - As of December 31, 2024, the company's basic and diluted loss per share was HKD (13.87), a significant decline from HKD 2.02 in 2023[28]. - The total liabilities to total assets ratio increased to 1.04 in 2024 from 0.93 in 2023, indicating a deterioration in financial leverage[28]. - The company's cash and bank balances decreased to approximately HKD 59.8 million in 2024 from HKD 62 million in 2023, primarily due to reduced cash generated from operations[29]. - The asset-liability ratio dropped to -43.7% in 2024 from 197.4% in 2023, reflecting a significant decrease in total equity from approximately HKD 17.7 million to a total deficit of about HKD 22.9 million[29]. - The group reported a net loss of approximately HKD 40,228,000 for the year ending December 31, 2024, with current liabilities netting approximately HKD 88,556,000 and total liabilities netting approximately HKD 22,875,000, indicating significant uncertainty regarding the group's ability to continue as a going concern[146]. Operational Strategy - The company plans to enhance the operational efficiency of its cold storage facilities and effectively manage costs to optimize revenue[8]. - The company has implemented internal business restructuring to focus on a product mix targeting the mass market with moderate profit margins[7]. - The company aims to diversify its customer base to maintain and attract demand for storage and logistics services[12]. - The company has decided not to renew the agreement for its Tsing Yi warehouse and will transfer all customers to the Kwai Hoi Street warehouse, which is expected to save significant costs[11]. - The company is focusing on improving the operational efficiency of temperature-controlled warehouse areas to meet market demand from grocery distributors, supermarkets, and restaurants[12]. - The company is actively seeking new opportunities in the frozen warehouse and logistics sector and aims to enhance its core business through value-added services[22]. - The company has implemented strict cost control measures to manage its business and operational risks, ensuring a balance between safety and profitability[17]. - The company aims to optimize human resources as part of its ongoing efforts to improve operational efficiency[22]. Market Outlook - The company expresses cautious optimism regarding economic recovery in mainland China, Hong Kong, and globally[8]. - The company anticipates a gradual recovery in its frozen warehouse and logistics business in Hong Kong and food and beverage distribution in mainland China due to government economic stimulus measures[21]. - The profitability of the food and beverage distribution business in mainland China is expected to recover due to the development of diversified wholesale channels and an enriched product portfolio[24]. Customer and Supplier Relations - The group reported that the top five customers accounted for approximately 38% of total revenue, with the largest customer contributing about 16%[52]. - The group’s top five suppliers represented around 62% of total procurement, with the largest supplier accounting for approximately 39%[52]. Corporate Governance - The company maintains a high level of corporate governance practices[87]. - The board consists of three committees: Audit Committee, Nomination Committee, and Remuneration Committee, which assist in monitoring management functions[93]. - The board includes three independent non-executive directors, exceeding one-third of the total board members, ensuring independence in decision-making[95]. - The independent opinion policy was adopted to ensure the board receives independent advice and information[96]. - The board is responsible for approving and monitoring business plans, assessing group performance, and overseeing management[104]. - The company has established risk management policies to enhance its ability to prevent risks and ensure stable operations[92]. - The board will continue to monitor corporate governance practices to ensure appropriate regulation of daily business activities and decision-making processes[92]. Shareholder Communication - The company emphasizes two-way communication with shareholders and investors, welcoming inquiries and suggestions through designated channels[159]. - The company has adopted a shareholder communication policy to ensure timely, clear, and comprehensive information is provided to shareholders[163]. - The board will review the implementation and effectiveness of the shareholder communication policy annually[173]. - The company ensures that all sensitive information is disclosed in accordance with listing rules to maintain transparency[162]. ESG and Sustainability - The company plans to enhance its sustainable development performance and integrate sustainability further into its core strategy[189]. - The board is responsible for the ESG strategy direction, ensuring it reflects the company's values and core business issues[191]. - The company aims to actively participate in ESG-related programs starting from the next fiscal year to continuously improve its ESG performance[193]. - The group has implemented the ISO 9001:2015 quality management system during the reporting period[195]. - The group participates in the HKQAA ESG Connect program to disclose its ESG measures and connect with stakeholders[195]. - The importance matrix identifies key ESG aspects, including energy, water, and occupational health and safety[200]. - The group is committed to creating a comfortable and healthy work environment for employees[196]. Risk Management - The audit committee has met twice to review risk management and internal control systems, ensuring the reliability of financial reporting[142]. - The audit committee has maintained appropriate relationships with external auditors to ensure the objectivity and reliability of the financial reporting system[142]. - The company has established a whistleblowing policy to encourage reporting of misconduct, with no reports received during the review period[154]. - An independent internal control consultant has been appointed to assess the adequacy of the risk management and internal control systems across subsidiaries[155].

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 219,388,000, a decrease of 26.5% compared to HKD 298,386,000 in 2023[3] - Revenue from cold storage and related services was HKD 180,408,000, down 21.7% from HKD 230,574,000 in the previous year[3] - The company reported a gross profit of HKD 9,892,000, a significant decline of 81.1% from HKD 52,483,000 in 2023[3] - The net loss for the year was HKD 40,228,000, compared to a profit of HKD 15,433,000 in the previous year[4] - Total comprehensive loss for the year amounted to HKD 40,606,000, contrasting with a comprehensive income of HKD 14,487,000 in 2023[4] - The segment performance showed a loss of HKD 20,475,000 for the combined operations, compared to a profit of HKD 22,123,000 in the previous year[21] - Revenue from food and beverage trading and sales dropped to HKD 38,747,000 in 2024 from HKD 67,551,000 in 2023, a decrease of 42.7%[23] - The company reported a pre-tax loss of HKD 40,228,000 for the year ended December 31, 2024, compared to a profit of HKD 5,872,000 in 2023[31] - Basic loss per share for the year ended December 31, 2024, was HKD 0.138, compared to earnings per share of HKD 0.020 in 2023[31] - The total comprehensive income for the year was HKD 14,487 thousand, a decrease of 2.74% compared to the prior year[14] Financial Position - Current liabilities exceeded current assets by HKD 88,556,000 as of December 31, 2024[5] - The company’s total liabilities exceeded total assets by HKD 22,875,000, indicating a negative net asset position[5] - The total equity attributable to the company's shareholders decreased from approximately HK$ 17,700,000 in 2023 to a deficit of approximately HK$ 22,900,000 in 2024, resulting in an asset-liability ratio of -43.7%[53] - Cash and bank balances as of December 31, 2024, were approximately HK$ 59,800,000, down from HK$ 62,000,000 in 2023, with 92.1% in HKD, 7.9% in RMB, and 0% in USD[53] - The current ratio decreased to 0.51 in 2024 from 0.86 in 2023, indicating a decline in short-term financial health[52] - The total accounts receivable decreased from HKD 107.96 million in 2023 to HKD 32.82 million in 2024[34] - The total accounts payable decreased from HKD 13.79 million in 2023 to HKD 10.16 million in 2024[35] Fundraising and Financial Strategies - The company is actively exploring fundraising opportunities, including potential equity placements, to address its financial needs[8] - Cost control measures have been implemented, including the suspension of non-profitable services to improve cash flow and profitability[8] - The company is in discussions with bondholders regarding repayment schedules and is seeking new financing arrangements with banks[8] - The group has sufficient cash flow resources to meet future operating capital and financing needs, assuming the successful implementation of current measures[9] - The company issued bonds totaling HKD 60,000,000 in 2024, replacing previous bonds, with a fixed annual interest rate of 6%[54] - The total outstanding bond principal as of December 31, 2024, was HKD 85,000,000, down from HKD 100,000,000 in 2023[55] Operational Changes and Future Outlook - The company plans to diversify its customer base to maintain and attract demand for warehousing and logistics services[38] - The company anticipates a continued decline in consumer demand in 2024 and is reviewing its existing wholesale channels and product mix[41] - The group aims to expand its frozen warehouse capacity and optimize operations to enhance profitability in the core business segment[46] - The group anticipates a recovery in the profitability of its food and beverage distribution business in mainland China through diversification of wholesale channels and product offerings[47] - The group is actively seeking new opportunities in the frozen warehouse and logistics sector, aiming to become a diversified service provider[45] - The group is discussing strategic partnerships to establish joint ventures that are expected to drive overall development[46] Compliance and Governance - The company has adopted the corporate governance code and is in compliance with most of its provisions, except for the absence of a chairman[68] - The audit committee consists of three independent non-executive directors and has reviewed the audited consolidated financial statements for the year[71] - The company has not identified any non-compliance events regarding its securities trading policy for the year[70] - The company will publish its annual report containing all required information at an appropriate time[76] Employee and Cost Management - Employee-related costs for the year amounted to approximately HKD 63,573,000, an increase from HKD 62,784,000 in 2023 (restated)[65] - The company has implemented strict cost control measures, resulting in only a slight loss in the food and beverage trading and sales business[41] - The company did not recommend the payment of dividends for the year ending December 31, 2024, consistent with 2023[66] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period, consistent with the previous year[61] Market Conditions - The local GDP is projected to increase by 2.5% in 2024, following a 3.2% increase in 2023, while the restaurant revenue index is expected to decline by 2.4%[44] - The group is focusing on cost-saving measures and resource reallocation to mitigate risks from market volatility due to geopolitical tensions[42]

Financial Performance - Total revenue for the six months ended June 30, 2024, was HKD 124,737,000, a decrease of 22.9% compared to HKD 161,894,000 for the same period in 2023[1] - Gross profit for the period was HKD 5,060,000, significantly down from HKD 34,063,000 in the previous year, indicating a decline in profitability[1] - The company reported a loss before tax of HKD 19,764,000 for the six months ended June 30, 2024, compared to a profit of HKD 21,394,000 in the same period of 2023[1] - The net loss attributable to equity holders for the period was HKD 19,764,000, compared to a profit of HKD 11,833,000 in the previous year[2] - The basic and diluted loss per share for the period was HKD 6.81, compared to earnings of HKD 4.08 per share in the previous year[2] - The company reported a pre-tax loss of HKD 19,764 thousand for the six months ended June 30, 2024, compared to a pre-tax profit of HKD 21,394 thousand for the same period in 2023[6][10] - The loss attributable to equity holders for the six months ended June 30, 2024, was HKD 19,764 thousand, resulting in a basic and diluted loss per share of HKD 0.068[12] Assets and Liabilities - The company’s total assets decreased to HKD 236,873,000 as of June 30, 2024, down from HKD 252,538,000 at the end of 2023[3] - Current liabilities increased to HKD 235,393,000, resulting in a negative net current liabilities position of HKD 87,823,000[3] - The company’s total borrowings, including bank loans and lease liabilities, amounted to approximately HKD 218,099,000, with a significant portion due within the next twelve months[4] - The company’s cash and cash equivalents decreased to HKD 46,054,000 from HKD 61,952,000 at the end of 2023, indicating a liquidity challenge[3] - The group’s debt-to-equity ratio as of June 30, 2024, was 175.6, significantly higher than 6.5 as of December 31, 2023[24] - The group’s lease liabilities increased to approximately HKD 83.1 million as of June 30, 2024, from HKD 74.9 million as of December 31, 2023[31] Revenue Breakdown - The segment revenue for cold storage and related services was HKD 100,998 thousand, while food and beverage trading and sales generated HKD 23,612 thousand, totaling HKD 124,610 thousand for the current period[6] - Revenue from cold storage and related services decreased from HKD 104,585 thousand in 2023 to HKD 88,840 thousand in 2024, reflecting a decline of 15.0%[8] - Revenue from food and beverage trading and sales in mainland China decreased by approximately 45.0%[16] - Revenue from frozen warehouse and related services decreased by approximately 14.9% due to a competitive macroeconomic environment[16] - The company’s operations in Hong Kong generated HKD 101,125 thousand in revenue, while operations in China contributed HKD 23,612 thousand for the six months ended June 30, 2024[7] Cost Management and Strategy - The company has implemented strict cost control measures to maintain profitability in its food and beverage trading and sales division[20] - The company plans to diversify its customer base to capture greater demand for warehousing and logistics services[18] - The group aims to enhance its core frozen warehouse and logistics business by expanding its customer base and providing value-added services[22] - The group is focused on optimizing its product mix and pricing strategies to enhance profitability in the food and beverage distribution business in mainland China[23] Operational Changes - The company has reclassified the loan services segment as a non-reportable segment, indicating a strategic shift towards more profitable divisions[5] - The company has decided not to renew the agreement for its Tsing Yi warehouse and will transfer all customers to the Kwai Hing warehouse, which is expected to enhance overall utilization and save costs[18] - The company is actively seeking strategic partners to establish joint ventures, expecting substantial progress in the next six months[22] Employee and Governance - As of June 30, 2024, the total number of full-time employees in Hong Kong and mainland China was approximately 160 and 30, respectively, compared to 170 and 40 a year earlier[34] - Employee-related costs for the six months ended June 30, 2024, totaled approximately HKD 33,696,000, slightly down from HKD 33,967,000 for the same period last year[34] - The board consists of executive directors, non-executive directors, and independent non-executive directors, ensuring a diverse governance structure[43] - The board believes that the current risk management and internal control systems are adequate and effective, with no identified weaknesses as of June 30, 2024[41] Audit and Compliance - The audit committee reviewed the unaudited consolidated results for the six months ended June 30, 2024, and confirmed compliance with applicable accounting standards and regulations[40] - The company has engaged an independent consultant to evaluate the adequacy and effectiveness of its risk management and internal control systems[41] Dividends and Securities - The company did not declare any dividends for the current interim period, consistent with the previous year[11] - The company did not declare an interim dividend for the six months ended June 30, 2024, consistent with the previous year[35] - No purchases, sales, or redemptions of the company's listed securities occurred during the six months ended June 30, 2024[36] Future Outlook - The company anticipates gradual recovery in its frozen warehouse and logistics business in Hong Kong and food and beverage distribution in mainland China due to government economic stimulus measures[21] - The company has no specific future plans for significant investments or capital assets as of June 30, 2024[32] - The company will publish its mid-term report containing all required information in due course[42]

Financial Performance - The total revenue for the fiscal year ending December 31, 2023, was approximately HKD 298 million, an increase of about 9.2% compared to HKD 273 million in the previous year[11]. - The profit attributable to equity holders for the fiscal year was approximately HKD 5.7 million, up 18.8% from HKD 4.8 million in the previous year[11]. - Basic and diluted earnings per share increased to HKD 1.96 in 2023 from HKD 1.64 in 2022, representing a growth of 19.5%[33]. - Net asset value per share attributable to equity holders rose to HKD 7.19 in 2023 from HKD 5.35 in 2022, an increase of 34.5%[33]. - The current ratio improved slightly to 0.87 in 2023 from 0.85 in 2022[33]. - The debt-to-asset ratio decreased significantly to 167.9% in 2023 from 612.4% in 2022, indicating improved financial stability[34]. - Cash and bank balances increased to approximately HKD 62 million in 2023 from HKD 60.4 million in 2022, primarily due to increased cash generated from operations[34]. Business Operations - The revenue from the food and beverage trading and sales business in mainland China increased significantly by approximately 100.6% compared to the previous year, turning from a loss to a profit[11]. - The revenue from the frozen warehouse and related services business decreased by approximately 3.3% compared to the previous year[11]. - The company plans to enhance the operational efficiency of its frozen warehouse facilities and effectively manage costs while adjusting business strategies flexibly[9]. - The company aims to diversify its customer base to attract clients with greater demand for warehousing and logistics services[13]. - The company has noted an increasing demand for warehousing and logistics services from food grocery distributors, supermarkets, and frozen food stores during the pandemic[13]. - The group recorded a stable performance in business volume and profitability in the cold storage and logistics segment for 2023[17]. - The group successfully improved a high-margin product in collaboration with a well-known supermarket, achieving profitability in the food and beverage trading and sales segment, which had previously recorded a loss[19]. - The group plans to continue optimizing its food and beverage distribution business by focusing on high-margin wholesale channels and discontinuing low-margin distribution channels[27]. - The group is reallocating resources to higher-margin segments and core businesses, terminating non-core B2C operations in mainland China and Hong Kong[19]. - The group anticipates gradual recovery in its cold storage and logistics business in Hong Kong and food and beverage distribution in mainland China due to internal restructuring and resource reallocation[25]. - The group is actively seeking opportunities to expand its customer base in the cold storage and logistics sector by providing value-added services[26]. - The group has implemented strict cost control measures to maintain profitability in the food and beverage segment amid changing consumer demands[19]. - The group recognizes the impact of macroeconomic conditions and is prepared to adjust strategies to mitigate market risks[22]. Employee and Workforce - As of December 31, 2023, the total number of full-time employees in Hong Kong and mainland China was approximately 170 and 30, respectively, compared to 180 and 40 in 2022, indicating a decrease in workforce[46]. - The total employee-related costs for the year ended December 31, 2023, amounted to approximately HKD 66,095,000, down from HKD 69,455,000 in 2022, reflecting a reduction of about 3.4%[46]. - The company has maintained competitive employee compensation levels, with annual reviews and various benefits provided to employees[46]. Governance and Compliance - The company has adopted a set of effective governance principles and procedures to systematically review the operations of different departments[108]. - The board of directors is responsible for leading and monitoring the company, with three committees established: Audit Committee, Nomination Committee, and Remuneration Committee[109]. - The company has maintained appropriate directors and officers liability insurance for its directors and senior management throughout the year[97]. - The company has not established any management contracts related to the management of all or any significant part of its business during the year[98]. - The remuneration policy for employees is based on merit, qualifications, and capabilities[99]. - The company has confirmed the independence of all current independent non-executive directors[87]. - The company has not entered into any significant transactions or arrangements involving directors or their related entities during the year[93]. - The company has adopted an independent opinion policy effective from January 1, 2022, to ensure the board receives independent advice and information[113]. - The company has established a nomination policy requiring at least three independent non-executive directors, with specific qualifications and tenure requirements[115]. - The company has arranged training courses for directors to enhance their knowledge and skills, ensuring compliance with corporate governance code C.1.4[128]. - The company has provided appropriate insurance for directors to cover potential liabilities, in line with corporate governance code C.1.8, with annual reviews of the coverage[129]. - The company has not appointed a chairman as of December 31, 2023, which does not comply with corporate governance code C.2.7, but believes this will not negatively impact decision-making[133]. Shareholder Communication - The company emphasizes transparent communication with shareholders and investors, utilizing various channels for inquiries and suggestions[190]. - The company encourages shareholder participation in annual general meetings, ensuring that all directors and senior management actively attend[196]. - The company has adopted a shareholder communication policy to provide timely and comprehensive information to shareholders[195]. - The company’s annual report and interim reports provide extensive information about its business operations[194]. - The company ensures that sensitive information is disclosed in accordance with listing rules, maintaining equal access for all shareholders[194]. - The company has a dedicated website section for the latest updates on its business and operations[195]. - The company’s independent directors are available to address questions during the annual general meeting, ensuring transparency in decision-making[197]. - The company must provide shareholders with reasonable notice for general meetings, typically at least 21 days for annual meetings and 14 days for other meetings[199]. - The company is required to send a circular to shareholders simultaneously (or prior) to issuing the notice for the general meeting to approve transactions[200]. - The company must provide supplementary information to shareholders at least 10 business days before the relevant general meeting if any important information arises after the circular is issued[200]. - The annual report, including annual accounts and auditor's report, must be sent to shareholders at least 21 days before the annual general meeting and no later than 4 months after the financial year-end[200]. - For the first six months of each financial year, the company must send a mid-term report to shareholders no later than three months after the end of that six-month period[200]. - The company must send proxy forms along with the meeting notice to all eligible voters for all resolutions to be voted on at the meeting[200].

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 298,386,000, an increase of 9.2% compared to HKD 273,308,000 in 2022[3] - Revenue from food and beverage trading and sales increased significantly to HKD 67,551,000, up 94.8% from HKD 34,680,000 in the previous year[3] - Gross profit for the year was HKD 51,876,000, a decrease of 12.9% from HKD 59,524,000 in 2022[3] - Profit before tax rose to HKD 15,233,000, compared to HKD 4,760,000 in the previous year, marking an increase of 219.5%[4] - Total comprehensive income for the year was HKD 14,897,000, up from HKD 3,560,000 in 2022, representing a 318.5% increase[4] - Basic and diluted earnings per share increased to HKD 1.96, compared to HKD 1.64 in the previous year, reflecting a growth of 19.5%[4] - Total revenue for the year ended December 31, 2023, was HKD 298,125,000, an increase from HKD 273,042,000 in 2022, representing a growth of approximately 9.5%[22] - The group reported a pre-tax profit of HKD 15,233,000 for the year ended December 31, 2023, compared to HKD 4,760,000 in the previous year, indicating a significant increase in profitability[20] - Profit attributable to equity holders for the year ended December 31, 2023, was approximately HKD 5.7 million, up 18.8% from HKD 4.8 million in 2022[34] - The food and beverage trading and sales business turned from a loss to a profit, with revenue increasing by approximately 100.6% compared to 2022[34] Assets and Liabilities - Non-current assets decreased to HKD 81,939,000 from HKD 146,279,000 in 2022, a decline of 44.0%[6] - Current assets increased to HKD 170,599,000, up from HKD 118,927,000 in 2022, representing a growth of 43.5%[6] - The company reported a net current liability of HKD 25,136,000, compared to HKD 21,581,000 in the previous year[6] - Total equity increased to HKD 20,849,000 from HKD 18,676,000 in 2022, an increase of 11.7%[8] - Trade receivables from third parties decreased to HKD 44.5 million in 2023 from HKD 53.2 million in 2022[30] - The current ratio improved slightly to 0.87 in 2023 from 0.85 in 2022[52] - The debt-to-asset ratio decreased significantly to 167.9% in 2023 from 612.4% in 2022, indicating improved financial stability[52][53] Income and Revenue Sources - Revenue from cold storage and related services was HKD 230,574,000, while food and beverage trading and sales generated HKD 67,551,000 for the year ended December 31, 2023[20] - The group’s total income from customer contracts under HKFRS 15 was HKD 298,125,000 for 2023, compared to HKD 273,042,000 in 2022, showing an increase of approximately 9.2%[22] - The group’s income from logistics services was HKD 25,875,000 for the year ended December 31, 2023, slightly down from HKD 26,468,000 in 2022[22] - The group’s total other income for the year was HKD 10,088,000, compared to HKD 9,712,000 in the previous year, reflecting a modest increase[24] - The group recognized government subsidies of approximately HKD 97,000,000 related to COVID-19, a decrease from HKD 4,114,000 in 2022[24] Strategic Initiatives - The group’s management has reclassified the loan services segment as a non-reportable segment, reflecting a strategic shift in resource allocation towards more profitable divisions[17] - The group plans to optimize its food and beverage distribution business in mainland China by focusing on high-margin wholesale channels[46] - The group has ceased non-core B2C operations in mainland China and Hong Kong to reallocate resources to higher-margin segments[40] - The group is implementing strict cost control measures to maintain profitability in the food and beverage segment[40] - The group aims to enhance operational efficiency and comply with environmental standards through upgrades to its facilities[45] - The group is actively seeking high-margin overseas products for trade in mainland China and vice versa[46] - The group recognizes the impact of macroeconomic conditions and is adjusting its strategies to mitigate market risks[42] - The logistics and frozen warehouse segment is expected to grow as industry standards for services increase, attracting more potential investors[45] Governance and Compliance - The company has adopted the corporate governance code and has not appointed a chairman as of December 31, 2023, which deviates from the governance code requirements[67] - The audit committee consists of three independent non-executive directors and has reviewed the audited consolidated financial statements for the year[71] - The company’s financial statements for the year ended December 31, 2023, have been agreed upon by its auditors, confirming the figures presented[72] - The company plans to continue reviewing its board structure and appoint suitable candidates for the chairman role if necessary[68] - The company has a written securities trading policy that all directors confirmed compliance with during the year[69] Employee and Operational Metrics - As of December 31, 2023, the total number of full-time employees in Hong Kong and mainland China was approximately 170 and 30, respectively, compared to 180 and 40 in 2022[63] - The total employee-related costs for the year ended December 31, 2023, amounted to approximately HKD 66,095,000, down from HKD 69,455,000 in 2022[63] Dividends and Share Capital - The company did not declare any dividends for the current year, consistent with the previous year[29] - The board of directors did not recommend the payment of dividends for the year ended December 31, 2023, consistent with the previous year[65] - The total issued share capital remained unchanged at HKD 2,901,104, divided into 290,110,400 ordinary shares as of December 31, 2023[58] Miscellaneous - The company sold a non-operating subsidiary during the year, with no other significant acquisitions or disposals reported[59] - The company has no specific future plans for significant investments or capital assets as of December 31, 2023[61] - There were no contingent liabilities reported for the year ending December 31, 2023[62] - The company has maintained stable rental costs for its cold storage operations, which remain a major cost item[37] - The company aims to diversify its customer base to meet the growing demand for warehousing and logistics services[36] - The company has noted an increasing demand for warehousing and logistics services from food grocery distributors and supermarkets during the pandemic[36] - The company recorded a net loss from foreign exchange of HKD 97, compared to a loss of HKD 222 in 2022[6] - Financial expenses decreased to HKD 10.1 million in 2023 from HKD 13.6 million in 2022[7] - Cash and bank balances increased to approximately HKD 62 million in 2023 from HKD 60.4 million in 2022, primarily due to increased cash generated from operations[53] - The company has no significant foreign exchange risk and did not use any financial instruments for hedging purposes in 2023[57] - The annual report containing all required information will be sent to shareholders and published on the company's website at an appropriate time[73]

Financial Performance - The group's total revenue for the six months ended June 30, 2023, was approximately HKD 162 million, an increase of about 21.8% compared to HKD 133 million in the same period last year[7]. - The group recorded a profit of approximately HKD 21.4 million for the six months ended June 30, 2023, compared to a profit of approximately HKD 2.3 million in the same period last year, representing an increase of about HKD 19.1 million[7]. - Profit before tax for the same period was HKD 21.394 million, significantly up from HKD 2.326 million in 2022, representing an increase of 820.5%[38]. - The company reported a net profit of HKD 21.394 million for the period, compared to HKD 2.326 million in the previous year, marking a substantial growth[39]. - The company reported a total comprehensive income of HKD 20.702 million for the period, compared to HKD 1.650 million in the previous year, an increase of 1165.5%[39]. - The group reported a net profit attributable to equity holders of HKD 11,833,000 for the six months ended June 30, 2023, compared to HKD 2,326,000 in the same period of 2022, indicating a significant increase in profitability[48]. Revenue Segments - Revenue from the food and beverage trading and sales business increased by approximately 178.2% compared to the same period last year, primarily due to effective sales strategies implemented in mainland China[7]. - The total revenue for the group was HKD 161,894,000, with segment revenues of HKD 118,670,000 from cold storage and related services, HKD 43,093,000 from food and beverage trading, and HKD 131,000 from loan services[54]. - Revenue from frozen warehouse services was HKD 104,585,000, up from HKD 103,007,000, while logistics and packaging services revenue increased to HKD 12,511,000 from HKD 11,974,000[58]. Cost Management - Administrative expenses were reduced by approximately 9.6% due to cost-saving measures implemented by the group[7]. - The group has observed a stable rental cost for the cold storage operations, which remains a major cost item, while pricing adjustments have been made for most customers[11]. - The group has noted a slight decrease in storage volume from customers, presenting challenges in passing on some related costs through price increases[11]. Strategic Changes - The group has terminated non-core B2C business units in mainland China to reallocate resources to higher-margin businesses and core operations[15]. - The group aims to optimize its food and beverage trading and sales business by focusing on developing higher-profit wholesale channels[15]. - The group has ceased operations of the e-commerce grocery platform "Anpin Life" in Hong Kong due to anticipated declines in online shopping demand[15]. Financial Position - The group's cash and bank balances as of June 30, 2023, were approximately HKD 61.4 million, a slight increase from HKD 60.4 million as of December 31, 2022[22]. - The group's debt-to-equity ratio as of June 30, 2023, was approximately 131.3%, a significant decrease from 612.4% as of December 31, 2022[22]. - The company’s total assets as of June 30, 2023, were HKD 237.311 million, compared to HKD 265.206 million at the end of 2022, indicating a decrease of 10.5%[41]. - The company’s net asset value increased to HKD 26.654 million from HKD 18.676 million, a growth of 42.6%[42]. - The group’s total liabilities decreased to HKD 210,657,000 as of June 30, 2023, from HKD 246,530,000 as of December 31, 2022, indicating a reduction of approximately 14.6%[57]. Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2023, was HKD 44,824,000, a decrease from HKD 46,149,000 in the same period of 2022, representing a decline of approximately 2.8%[47]. - The financing activities resulted in a net cash outflow of HKD 42,698,000, which is slightly higher than the outflow of HKD 42,293,000 in the previous year[47]. - The group has unutilized bank financing of HKD 30,000,000 available for use as of June 30, 2023, indicating sufficient liquidity for operational needs[48]. Stock Options and Share Capital - The company’s issued share capital was 60,000,000 shares as of June 30, 2023, following a capital reorganization[89]. - The total number of unexercised stock options under the 2015 Plan is 23,208,832, unchanged from December 31, 2022[20]. - The maximum number of shares available for issuance under the 2015 Plan is 17,406,624, representing 6% of the total issued shares as of June 30, 2023[96]. - The total number of stock options granted to the five highest-paid individuals (excluding directors) is 11,604,416[100]. Governance and Compliance - The company has complied with the corporate governance code, except for the absence of a chairman during the reporting period[130]. - The audit committee has reviewed the unaudited consolidated results for the six months ended June 30, 2023, and found them compliant with applicable accounting standards[135]. - The company has engaged an independent consultant to assess the adequacy and effectiveness of its internal control systems[138]. - The risk management and internal control systems are deemed sufficient for the current operating environment, with no identified weaknesses[142].

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份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 DAIDO GROUP LIMITED 大同集團有限公司* （於百慕達註冊成立之有限公司） （股份代號：00544） 截至二零二三年六月三十日止六個月之 未經審核中期業績 大同集團有限公司（「本公司」）董事會（「董事會」）謹此呈報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六個月之未經審核簡明綜合中期業績，連同二零二二年 同期之比較數字。本中期財務業績已由本公司審核委員會審閱，但未經本公司核數師審閱。 簡明綜合損益及其他全面收益報表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 (未經審核) (未經審核) 收入 4 －提供冷凍倉庫及相關服務 118,670 116,693 －食品及飲料貿易及銷售 43,093 16,075 －貸款服務之利息收入（採用實際利率法 ...

Financial Performance - The total revenue for the fiscal year ended December 31, 2022, was approximately HKD 273 million, an increase of about 16.2% compared to HKD 235 million in the previous year[10]. - The company recorded a profit of approximately HKD 4.8 million for the fiscal year 2022, a significant turnaround from a loss of approximately HKD 80.3 million in the previous year, representing a 106.0% improvement[10]. - The revenue from the frozen warehouse and related services business increased by approximately 27.4% compared to the previous year[10]. - The company received government subsidies of approximately HKD 4.1 million under the employment support scheme from the Hong Kong government[10]. - The group anticipates a rebound in Hong Kong's economy in 2023, which may boost consumer spending and confidence[23]. - The group expects gradual recovery in its frozen warehouse and logistics business in Hong Kong and food and beverage distribution in mainland China through internal restructuring and resource reallocation[23]. Operational Efficiency - The company plans to enhance the operational efficiency of its frozen warehouse facilities and effectively manage costs as economic activities normalize[8]. - The group has increased the efficiency of temperature-controlled warehouse areas in response to rising demand from food grocery distributors and supermarkets due to the COVID-19 pandemic[13]. - The group has relocated the storage of alcohol and tobacco products to improve operational efficiency and reduce costs[15]. - The group has upgraded the cooling system in the Kwai Hei Street warehouse to improve operational efficiency and comply with environmental standards[24]. - The company is focusing on high-margin product lines and adopting more efficient and cost-effective sales channels in its food and beverage trading business in mainland China[8]. Market Conditions and Risks - The ongoing COVID-19 pandemic and trade tensions have negatively impacted trade activities in Hong Kong, affecting the overall performance of the warehousing and logistics industry[12]. - The company recognizes the ongoing risks from the COVID-19 pandemic and has implemented measures to mitigate operational and market risks[21]. - In 2022, the group faced significant increases in frozen warehouse rental costs, which may be challenging to pass on to customers amid a weak economic environment in Hong Kong[13]. Corporate Governance - The company has adopted a high standard of corporate governance practices, which are regularly reviewed and updated[109]. - The board of directors consists of 8 members, including 2 executive directors and 6 non-executive directors, with a focus on maintaining independence[111]. - The company has established a risk management policy to enhance its ability to manage risks effectively[109]. - The board is responsible for implementing an appropriate corporate governance structure, overseeing the group's business and performance[110]. - The company has arranged training courses for directors to enhance their knowledge and skills, ensuring compliance with corporate governance code C.1.4[129]. Shareholder Communication - The company emphasizes transparent communication with shareholders and investors, providing timely and comprehensive information through various channels[192]. - The company has adopted a shareholder communication policy to ensure clear and reliable information is provided to shareholders[193]. - The company encourages shareholders to submit proposals for special meetings and ensures compliance with relevant regulations[190]. - The company emphasizes the importance of the annual general meeting (AGM) for the fiscal year, with all directors and senior executives actively attending[194]. Employee and Remuneration Policies - The total employee-related costs for the year ended December 31, 2022, amounted to approximately HKD 69,455,000, down from HKD 78,568,000 in 2021[47]. - The remuneration policy aims to provide competitive and fair compensation to attract and retain high-quality employees, balancing fixed and variable pay[164]. - Executive directors' remuneration includes basic salary, annual bonuses, other benefits, and retirement benefits, with salaries reviewed annually[161]. - Non-executive directors' remuneration includes director's fees but excludes any performance-related pay, reviewed annually against comparable companies[169]. Financial Position - As of December 31, 2022, the company's basic and diluted earnings per share were HKD 1.64, a significant improvement from a loss of HKD 27.67 in 2021[33]. - The company's current ratio decreased to 0.85 in 2022 from 1.25 in 2021, indicating a tighter liquidity position[33]. - The total debt to total assets ratio improved to 0.93 in 2022 from 0.96 in 2021, reflecting better leverage management[33]. - Cash and bank balances as of December 31, 2022, were approximately HKD 60.4 million, slightly up from HKD 59.9 million in 2021, primarily due to increased cash generated from operations[33]. Strategic Initiatives - The company diversified its customer base to attract new clients, including supermarkets and frozen food stores, to mitigate risks during the pandemic[7]. - The online grocery shopping platform "Urban Mart" was launched in Hong Kong in 2021, with plans to expand sales channels to offline pop-up stores in shopping centers in 2022[18]. - The newly launched online B2C grocery shopping platform "Urban Mart" is expected to increase membership registrations and reach a broader retail customer base in Hong Kong[26]. Audit and Compliance - The audit committee, established on January 12, 2000, oversees the financial reporting system, internal audit functions, risk management, and internal control systems[171]. - The external auditor for the group was changed to Zhongjun Zhonghuan (Hong Kong) CPA Limited, effective from October 27, 2022, due to a disagreement on audit fees with Deloitte[180]. - The total fees paid to external auditors for the year ended December 31, 2022, amounted to HKD 1,536,000, a decrease of 40.4% from HKD 2,571,000 in the previous year[181]. - The audit committee met with the external auditor twice during the year ended December 31, 2022, to discuss audit plans and financial reporting matters[173].

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份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。 DAIDO GROUP LIMITED 大同集團有限公司* （在百慕達成立為法團，而其成員的法律責任是有限度的） （股份代號：00544） 截至二零二二年十二月三十一日止年度之 全年業績公告 大同集團有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司及其附屬公司 （「本集團」）截至二零二二年十二月三十一日止年度之經審核綜合業績，連同二零二一年 同期之比較數字如下： 綜合損益及其他全面收益報表 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 千港元 千港元 收入 3 - 提供冷凍倉庫及相關服務 238,362 187,109 - 食品及飲料貿易及銷售 34,680 47,671 - 貸款服務之利息收入(使用實際利率法計算) 266 288 ...