GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED 金源發展國際實業有限公司 ( 於百慕達註冊成立之有限公司 ) (股份代號：677) 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。 於本公告日期，本公司之執行董事為林烱熾先生(主席及集團執行主席)、林世豪先生(副 主席及集團行政總裁)、林世雯女士、源美棠小姐和曾春曜先生。本公司之非執行董事 為林世康先生。本公司之獨立非執行董事為林源道先生、余達志先生和林健鋒先生。 根據本公司現有資料，董事會認為截至2024年9月30日止六個月預期由盈轉虧乃主要由 於以下原因的綜合影響：(i)本期投資物業之重估虧損約13,900,000港元，相比2023年同 期投資物業之重估盈餘約79,800,000港元；及 (ii) 整體銷售及分銷成本上升約16,500,000 港元; 上述因素部分被(iii)本期稅項開支較2023年同期減少約24,200,000港元所抵銷。 本公 ...

Financial Performance - The company's revenue remained similar to the previous year, while profits were impacted by higher operating costs and currency fluctuations, particularly due to the weakness of the Vietnamese Dong[10]. - The group's total revenue for the fiscal year 2023/2024 was HKD 2,072,294,000, a slight increase from HKD 2,059,774,000 in 2022/23[45]. - The net profit attributable to shareholders for the fiscal year was HKD 106,848,000, down from HKD 128,679,000 in the previous year, indicating a decrease of approximately 17%[45]. - As of March 31, 2024, the group's cash balance stood at HKD 351,227,000, reflecting a healthy financial position[48]. - As of March 31, 2024, the reserves available for distribution to shareholders amounted to approximately HKD 274,452,000[88]. - The company's net asset value per share as of March 31, 2024, is HKD 0.78, based on the issued share capital of 1,697,406,458 shares[125]. Strategic Acquisitions and Investments - The strategic acquisition of NI Corporation for 3.404 billion JPY was completed in June 2023, establishing a new business segment in retail entertainment[18]. - The acquisition includes 326,292.25 square meters of land, with 80% adjacent to a major ski resort, aimed at creating a new retail entertainment landmark[19]. - The company has acquired all issued shares of NI Corporation as disclosed in the announcement dated May 31, 2023[73]. - The company has a total of 133 land parcels in the Niseko area, covering a total area of 326,292.25 square meters, with over 80% of the land located in the Hirafu area[72]. - The group’s investment properties and financial position details are available in the financial statements, indicating ongoing strategic management of assets[40][42]. Market Position and Business Development - The group maintained its leadership position in the packaged rice production, wholesale, and distribution market in Hong Kong for the past 75 years, benefiting from strong brand power[11]. - The packaging materials business saw increased demand driven by the recovery of exports to Japan and South Korea, as well as potential new business in Australia[12]. - The group is focused on expanding its market presence through strategic acquisitions and partnerships[73]. - The group is set to celebrate its 80th anniversary in 2026, with plans to expand its business beyond rice into convenience stores and leisure retail across the Pan-Asian region, driven by market economic recovery[166]. - The overall performance for the fiscal year 2023 to 2024 is positive, supported by strong demand for quality brands and services that meet daily needs[192]. Corporate Governance and Compliance - The company emphasizes the importance of compliance with regulatory requirements and has not encountered any significant violations affecting its business as of March 31, 2024[22]. - The company has adopted all applicable code provisions as its corporate governance code and complied with them during the fiscal year[112]. - The group has sufficient public float, with at least 25% of its issued shares held by the public as required by listing rules[108]. - The company has complied with the corporate governance code as per the listing rules during the year ending March 31, 2024[124]. - The board consists of nine members, three of whom are independent non-executive directors, meeting the requirement of at least one-third being independent[120]. Corporate Social Responsibility - The group is committed to corporate social responsibility, collaborating with various charities and community organizations to support local initiatives[24]. - The group made charitable donations of approximately HKD 548,000 during the year[102]. - The company is committed to environmental responsibility, implementing energy-saving measures such as installing LED lighting and optimizing air conditioning systems[52]. - The group has introduced eco-friendly rice bags that comply with EU packaging regulations, which decompose naturally after disposal[52]. - The group has been actively identifying and managing the environmental impact of its operations to minimize adverse effects[52]. Employee and Stakeholder Relations - The company continues to maintain strong relationships with employees, customers, and suppliers, which is crucial for operational stability[49]. - The group continues to maintain good relationships with customers and suppliers, regularly reviewing customer requirements and feedback[21]. - The group recognizes employees, customers, and business partners as key to sustainable development and is dedicated to improving service quality[178]. - The total number of employees in the group is approximately 4,352[126]. Management and Leadership - The company appointed a new Chief Financial Officer, Mr. Zeng Chun Yao, effective October 2023, who has over 20 years of experience in accounting and finance[1]. - The company has a diverse management team with extensive experience in retail and finance, enhancing its operational capabilities[35][58]. - The company’s management team has extensive experience in corporate finance and asset management, with key members having backgrounds in major financial institutions[62][64]. - The chairman and CEO of the company is Mr. Lin Kuang Chi, and the executive director is Mr. Lin Shi Hao[123]. Future Outlook - The group anticipates strong demand for its packaging products and services from the private sector, and has been appointed as one of the suppliers for Hong Kong's municipal solid waste charging scheme[196]. - Despite challenges in the retail and dining sectors, the demand for rice products in Hong Kong remains healthy, although rising material prices and operating costs have put pressure on operating profits for the fiscal year 2023 to 2024[168]. - The company plans to distribute the final dividend on September 20, 2024, subject to shareholder approval at the annual general meeting on August 28, 2024[81].

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。 每股盈利 8 — 基本 6.3 港仙 7.6 港仙 — 攤薄 6.3 港仙 7.6 港仙 GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED 金源發展國際實業有限公司 （於百慕達註冊成立之有限公司） (股份代號：677) 截 至 2024 年 3 月 31 日 止 年 度 業 績 公 告 綜合損益表 截至2024年3月31日止年度 應佔本年度溢利： 本公司股東 106,848 128,679 非控股權益 3,889 (3,634) 綜合財務狀況表 於2024年3月31日 3 尊敬的股東︰ 全賴滿足家庭和個人日常需要的優質品牌及服務，集團主要產品銷售及零售服務需求仍然殷切，加 上二世古的新項目及包裝方案業務，令 2023 至 2024 財政年度的整體業績表現正面。 Circle K 持續展現韌性 年內便利店的數目增至 455 家，透過進一步投資便利店的系統 ...

Acquisition and Expansion - The company completed the acquisition of NI Corporation for 3,404,000,000 JPY, expanding its business into the retail entertainment sector[2] - The strategic acquisition includes approximately 326,000 square meters of land, with 80% adjacent to the core area of the Niseko United Ski Resort[3] - The company made a strategic acquisition of NI Corporation and its wholly-owned subsidiary Izumikyo Co., Ltd., which included approximately 326,000 square meters of land, 80% of which is adjacent to a major ski resort[41] - The company has introduced retail entertainment as a new operational segment following the acquisition of NI Group[147] Financial Performance - The attributable profit for the company’s shareholders for the period was 82,337,000 HKD, compared to 74,764,000 HKD in the previous year[30] - The company reported a net profit attributable to shareholders of approximately HKD 82.3 million for the six months ended September 30, 2023, compared to HKD 74.8 million for the same period last year, representing an increase of about 6.9%[38] - Operating profit for the period was HKD 114.5 million, up from HKD 83.4 million in the previous year, marking an increase of approximately 37.3%[44] - The company reported a profit of HKD 83,118,000 for the six months ended September 30, 2023, compared to HKD 72,376,000 for the same period last year, representing an increase of approximately 14.5%[70] - Total comprehensive income for the period was HKD 62,021,000, slightly down from HKD 63,197,000 year-on-year[71] - The pre-tax profit for the same period was HKD 82,337,000, compared to HKD 74,764,000 in the previous year, reflecting a growth of approximately 10.4%[181] Revenue and Market Segments - Total revenue for the period was approximately HKD 1,027.0 million, slightly down from HKD 1,030.0 million in the same period last year, indicating a decrease of about 0.3%[38] - The convenience store segment generated revenue of HKD 606,866,000, contributing significantly to the overall performance[161] - Revenue from Vietnam decreased to HKD 589,408,000 from HKD 606,866,000, a decline of approximately 4.8% year-over-year[197] - Revenue from Hong Kong increased slightly to HKD 358,684,000 from HKD 354,524,000, a growth of about 1% year-over-year[197] - Revenue from China and other regions rose to HKD 78,893,000 from HKD 68,618,000, representing an increase of approximately 15% year-over-year[197] Assets and Liabilities - The company’s total assets as of September 30, 2023, were HKD 1,600.9 million, an increase from HKD 1,523.8 million as of March 31, 2023[38] - The company’s total liabilities increased to HKD 299.2 million from HKD 258.1 million, reflecting a rise of approximately 15.9%[38] - The company’s equity attributable to shareholders increased to HKD 1,266.5 million from HKD 1,229.2 million, representing a growth of about 3.0%[38] - The company’s total assets amounted to HKD 1,226,730,000 as of September 30, 2023, compared to HKD 1,190,653,000 at the end of the previous period, reflecting an increase of about 3.0%[70] Cash Flow and Financing - The net cash generated from operating activities was HKD 138,277,000, a decrease from HKD 189,674,000 in the previous year, indicating a decline of about 27%[77] - Cash and cash equivalents at the end of the period stood at HKD 373,967,000, down from HKD 593,780,000 at the same time last year, reflecting a decrease of approximately 37%[78] - The net cash used in financing activities was HKD (99,049,000), compared to HKD (48,497,000) in the previous year, showing an increase in cash outflow of about 104%[77] - The company reported a decrease in cash generated from investment activities to HKD 41,698,000 from HKD 50,360,000, a decline of approximately 17.5%[77] Earnings and Dividends - Basic and diluted earnings per share increased to HKD 4.9 cents from HKD 4.4 cents, marking a growth of about 11.4%[69] - The interim dividend declared was HKD 24,612,000, an increase from HKD 20,369,000 in the previous year, reflecting a positive outlook[180] Taxation and Compliance - The tax expense for the six months ended September 30, 2023, was HKD 30,487,000, compared to HKD 10,372,000 in the previous year, showing a significant increase[177] - The effective tax rate for Hong Kong profits tax is calculated at 16.5%, with the first HKD 2,000,000 of taxable profits for qualifying entities taxed at a rate of 8.25%[199] Operational Insights - The average credit period extended to trade customers is between 30 to 60 days, indicating a structured credit policy[181] - The company operates in various regions including Vietnam, Hong Kong, and China, indicating a diversified market presence[196] Other Financial Metrics - The company incurred a net unrealized loss of HKD 310,000 on financial assets measured at fair value through profit or loss, compared to a loss of HKD 15.9 million in the previous year[44] - The company has made provisions for expected credit losses on trade receivables amounting to approximately HKD 488,000 as of September 30, 2023[182] - Interest income from financial assets measured at fair value increased significantly to HKD 1,774,000 from HKD 30,000[197] - Total interest income rose to HKD 6,827,000 from HKD 2,043,000, marking a substantial increase of approximately 234% year-over-year[197] - Other income from convenience store operations decreased to HKD 6,985,000 from HKD 9,027,000, a decline of about 22.9% year-over-year[197] - The net loss from foreign exchange was HKD 10,449,000, compared to a loss of HKD 937,000 in the previous year[197] - Depreciation and amortization of property, plant, and equipment increased to HKD 24,864,000 from HKD 22,590,000, an increase of approximately 10.0% year-over-year[198] - The impairment loss on right-of-use assets was HKD 3,856,000, compared to a reversal of HKD 6,475,000 in the previous year[198] Liquidity and Ratios - As of September 30, 2023, the current ratio was 1.8, down from 2.4 on March 31, 2023, indicating a decrease in liquidity[4] - Bank loans as of September 30, 2023, amounted to 6,005,000 HKD, a decrease from 7,611,000 HKD on March 31, 2023[4] - The gross profit margin decreased slightly, with gross profit reported at HKD 399.3 million compared to HKD 400.2 million in the previous year, reflecting a marginal decline of 0.2%[44] - The company has adopted new accounting standards effective from April 1, 2023, with no significant impact on the financial statements[54]

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。 GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED 金 源 發 展 國 際 實 業 有 限 公 司 （於百慕達註冊成立之有限公司） (股份代號： 677) 2023∕2024 年 度 中 期 業 績 公 告 截 至 2023 年 9 月 30 日 止 6 個 月 中期業績概要 Golden Resources Development International Limited（金源發展國際實業有限公司）（「本公 司」）董事會欣然公佈本公司及其附屬公司（「本集團」）截至 2023 年 9 月 30 日止 6 個月之 未經審核綜合業績如下： 簡明綜合損益表 截至9月30日止6個月 2023年 2022年 （未經審核） （未經審核） 附註 千港元 千港元 收益 3 1,026,985 1,030,008 銷售成本 (627,647) (629,783) 毛利 ...

Audit and Governance - The total audit fees for the group amounted to approximately HKD 1,609,000, with non-audit service fees around HKD 10,000 for the year ending March 31, 2023[13]. - The audit committee held two meetings during the year ending March 31, 2023, with all members attending both sessions[4]. - The audit committee reviewed the financial statements for the year ending March 31, 2022, and the six months ending September 30, 2022[7]. - The audit committee, established in August 1999, consists of three independent non-executive directors and is responsible for overseeing external auditors and financial controls[53]. - The board of directors conducted a review of the company's corporate governance policies and practices for the fiscal year 2022/2023[11]. - The board of directors is committed to enhancing corporate governance practices suitable for business growth[8]. - The board has three committees: the remuneration committee, audit committee, and nomination committee, to oversee specific company matters[58]. - The company has implemented a suitable directors and officers liability insurance to protect its executives from potential liabilities arising from their duties[179]. Risk Management and Compliance - The board is responsible for maintaining a robust and effective risk management and internal control system, which was reviewed for effectiveness during the year[22]. - The company has established a whistleblowing policy to provide guidance and reporting channels for employees and third parties regarding suspected misconduct[19]. - The board is responsible for setting company strategy, assessing ESG risks, and ensuring effective risk management and internal control systems[51]. - The company has not been aware of any significant legal violations or regulatory breaches that could severely impact its business as of March 31, 2023[175]. Environmental, Social, and Governance (ESG) Practices - The company emphasizes the importance of strong environmental, social, and governance (ESG) practices for sustainable development in the communities where it operates[43]. - The ESG report is prepared according to guidelines that include principles of materiality, quantification, consistency, and balance[44][46]. - The company is committed to enhancing financial performance while actively implementing policies for environmental protection and social responsibility[43]. - The company emphasizes the implementation of appropriate policies and measures to meet stakeholder expectations regarding ESG performance[50]. - The annual ESG report reflects the company's progress in achieving its ESG goals and the efforts made to address stakeholder interests[52]. - The company has identified 18 significant ESG issues, with 7 categorized as very important and 9 as important, based on stakeholder assessments[64]. - The group is committed to environmental sustainability by encouraging employees to maintain a green office environment and reduce resource consumption[103]. - The group has implemented eco-friendly procurement practices, including the use of environmentally friendly tools and furniture[105]. Financial Performance - The group recorded total revenue of HKD 2,059,774,000 and a net profit attributable to shareholders of HKD 128,679,000 for the fiscal year ending March 31, 2023, showing positive growth[167]. - The convenience store business achieved a record revenue of HKD 1,201,811,000, representing a 46% increase from HKD 822,819,000 in the previous year[168]. - The rice business generated revenue of HKD 709,018,000 and a pre-tax profit of HKD 105,607,000 during the fiscal year[169]. - The packaging materials business reported external sales revenue of HKD 144,969,000 but incurred a pre-tax loss of HKD 9,323,000 due to adverse effects from the pandemic[171]. - As of March 31, 2023, the group maintained a cash balance of HKD 540,227,000 and a current ratio of 2.4 times[172]. - The group has a strong financial position, with total current assets of HKD 898,207,000 and total current liabilities of HKD 369,837,000 as of March 31, 2023[172]. Business Strategy and Growth - The group aims to expand its quality brand and innovative platform portfolio through organic growth or acquisitions in various regions[47]. - The company plans to expand its convenience store business in Vietnam, leveraging its retail platform to attract global partners into the market[147]. - The company is investing in a new headquarters in Wan Chai, reflecting confidence in Hong Kong's status as a global business hub[151]. - The group plans to develop a "leisure retail" hub near the center of Niseko, leveraging its experience in fast-moving consumer goods and retail operations[152]. - The company is expanding its retail entertainment business and has invested in the Niseko ski resort in Japan as part of its long-term development strategy[194]. - The group believes that the global economy will accelerate recovery as the impact of the pandemic diminishes, positioning itself for future opportunities and challenges[172]. Community Engagement and Social Responsibility - The company continues to support various charitable organizations and community initiatives, collaborating with institutions like the Hong Kong Parkinson's Disease Foundation[181]. - The company has been recognized for its contributions to the Vietnamese rice industry, with its CEO receiving the Ap Bac medal from the Vietnamese government[195]. Environmental Initiatives - The company aims to reduce total harmless waste density by developing technology to lower it by 5% by 2030, based on 2022 levels[76]. - The company plans to decrease electricity consumption density by 5% and greenhouse gas emissions density by 5% by 2030, compared to 2022[76]. - Water consumption is targeted to decrease by 10% in density by 2030, using 2022 as the baseline[76]. - Total harmless waste generated in 2023 was 192.23 tons, a decrease from 204.97 tons in 2022[76]. - The company introduced Hong Kong's first eco-friendly biodegradable plastic rice bag to reduce plastic pollution[77]. - Water consumption for the rice business in 2023 was 2,465 cubic meters, down from 2,556 cubic meters in 2022[88]. - The company reported a total greenhouse gas emission of 1,876.89 tons in 2023, slightly down from 1,909.84 tons in 2022[96]. - The company’s energy consumption from liquefied petroleum gas in the rice business decreased to 17,846 liters in 2023 from 20,580 liters in 2022[93]. - The company’s purchased electricity for convenience store operations increased significantly to 39,969,380 kWh in 2023 from 21,367,809 kWh in 2022[93]. - The group has reduced plastic bag usage in its rice business from 562.75 tons in 2022 to 486.11 tons in 2023, a decrease of approximately 13.6%[102]. - In the convenience store business, plastic bag usage decreased significantly from 68.43 tons in 2022 to 359.60 tons in 2023, indicating a shift in packaging strategy[102]. - The group prioritizes the procurement of energy-efficient products, such as energy-saving motors and air conditioners, to minimize indirect carbon emissions from electricity consumption[99]. - The packaging materials used in the rice business included 46.70 tons of paper and 486.11 tons of plastic bags in 2023, reflecting ongoing efforts to explore alternative materials[102]. - The company is actively promoting resource efficiency and adopting green technologies, such as installing LED lighting throughout its buildings to reduce energy costs[180]. - The company has launched Hong Kong's first "eco-friendly rice bags" made from materials that comply with EU packaging regulations, which decompose after disposal[180]. Management and Leadership - The company has made changes in its executive leadership, with new appointments effective April 18, 2023[182]. - The company has a strong management team with extensive experience in finance and accounting, including members with backgrounds in wealth management and auditing[198][199]. - The company is focused on asset management and corporate finance, with over 20 years of experience in these areas among its directors[199]. - The independent non-executive director has significant experience in tax auditing and cross-border tax issues, which may benefit the company's strategic decisions[199].

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。 GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED 金源發展國際實業有限公司 （於百慕達註冊成立之有限公司） (股份代號：677) 截至2023年3月31日止年度 業 績 公 告 業績概要 Golden Resources Development International Limited（金源發展國際實業有限公司）（「本公司」） 董事會欣然公佈本公司及其附屬公司（「本集團」）截至 2023年 3月31日止年度之經審核綜合業 績如下﹕ 綜合損益表 截至2023年3月31日止年度 2023年 2022年 附註 千港元 千港元 收益 3 2,059,774 1,774,233 銷售成本 (1,271,869) (1,136,338) 毛利 787,905 637,895 於損益賬按公平值處理之金融資產之未變現 虧損淨額 (805) (3,509) 重估投資物 ...

Financial Performance - The company's total revenue increased by 20.6% year-on-year, rising from HKD 853,525,000 to HKD 1,030,008,000 for the six months ended September 30, 2022[4]. - The net profit attributable to shareholders was HKD 74,764,000, compared to a loss of HKD 13,992,000 in the same period last year[12]. - The operating profit for the period was HKD 83,376,000, a significant recovery from an operating loss of HKD 7,984,000 in the previous year[13]. - The overall comprehensive income for the period was HKD 63,197,000, compared to a loss of HKD 20,915,000 in the same period last year[15]. - The company's profit before tax for the six months ended September 30, 2022, was HKD 74,764,000, compared to a loss of HKD 13,992,000 for the same period in 2021[50]. - The total revenue for the six months ended September 30, 2022, was HKD 1,030,008,000, representing an increase from HKD 853,525,000 for the same period in 2021, which is a growth of approximately 20.7%[38]. Revenue Growth - The convenience store business in Vietnam reported a significant revenue increase of 52%, from HKD 399,202,000 to HKD 606,866,000, with a net profit of HKD 48,801,000[5]. - Revenue from Vietnam reached HKD 606,866,000, up from HKD 399,202,000 in the previous year, marking a significant increase of about 52%[38]. - The convenience store business achieved a revenue increase of 52%, reaching HKD 606,866,000, compared to HKD 399,202,000 in the same period last year[67]. Financial Position - The company maintained a strong cash and bank balance of HKD 594,132,000 as of September 30, 2022, supporting its stable financial position[9]. - Total assets as of September 30, 2022, amounted to HKD 1,226,730, an increase from HKD 1,183,902 as of March 31, 2022, reflecting a growth of approximately 3.6%[17]. - The company reported a total equity of HKD 1,190,653 as of September 30, 2022, up from HKD 1,143,417 as of March 31, 2022, indicating a growth of about 4.1%[18]. - The company’s total liabilities increased to HKD 255,224 as of September 30, 2022, from HKD 259,351 as of March 31, 2022, reflecting a decrease of approximately 1.5%[17]. - The company’s total liabilities as of September 30, 2022, were HKD 629,616,000, reflecting a stable financial position[35]. Cash Flow and Operating Activities - Net cash generated from operating activities for the six months ended September 30, 2022, was HKD 189,674, compared to HKD 131,719 for the same period in 2021, representing an increase of 43.9%[24]. - The company reported a cash flow increase of HKD 191,537 for the six months ended September 30, 2022, compared to HKD 62,043 for the same period in 2021, representing a significant improvement[24]. - The net cash used in financing activities for the six months ended September 30, 2022, was HKD (48,497), an improvement from HKD (84,784) in the same period of the previous year[24]. Product Development and Market Expansion - The company launched new products, including a series of instant rice products, to cater to the growing demand for healthy eating options[6]. - The company is optimistic about the future growth of its convenience store business in Vietnam as the pandemic situation stabilizes[5]. - The company continues to focus on optimizing costs and exploring potential business opportunities across various sales channels[6]. - The company is focusing on market expansion in Vietnam, which has shown promising revenue growth[38]. - The company continues to explore new product development and technological advancements to enhance its market position[39]. Investments and Shareholder Information - The company established a joint venture to produce and sell Japanese convenience meals and snacks in Hong Kong, with an initial investment amount of HKD 10,000,000[88]. - The total number of shares held by major shareholders includes Yuen Loong International Limited with 548,052,026 shares (32.28%) and Chelsey Developments Ltd. with 252,240,000 shares (14.86%)[109]. - The company has a significant ownership structure, with directors holding approximately 18% of Yuen Loong and Chelsey's issued share capital[110]. - The board declared an interim dividend of HKD 20,369,000 for both the six months ended September 30, 2022, and the same period in 2021, maintaining a dividend per share of HKD 0.012[46]. Governance and Compliance - The company has adopted all provisions of the Corporate Governance Code as per the Listing Rules and has complied with the code during the six months ending September 30, 2022[114]. - The audit committee consists of three independent non-executive directors, reviewing accounting policies and financial reporting for the six months ending September 30, 2022[116]. - The company has confirmed that all directors have fully complied with the standards set out in the Securities Trading Code during the review period[115].

Business Operations - As of March 31, 2022, the company operated 383 convenience stores in Vietnam, covering 8 major cities[15]. - The convenience store business experienced a strong rebound in sales revenue in the first two months of the current fiscal year, following a period of underperformance during the pandemic[14]. - The overall business environment in Vietnam is gradually returning to normal, which is expected to improve the financial performance of the convenience store business in the current and future periods[14]. - The company’s convenience store operations were granted special authorization by the Vietnamese government to continue operating during lockdowns, providing essential goods to the community[12]. - The convenience store business is expected to enter a strong recovery phase, with sales revenue showing a strong rebound in the first two months of the following fiscal year[33]. - The company is expanding its operations in Vietnam, where Circle K is a market leader in convenience stores in terms of store count and brand recognition[79]. Financial Performance - The company recorded total revenue of HKD 1,774,233,000 for the year ending March 31, 2022, compared to HKD 1,614,360,000 in the previous year, reflecting a slight decline in core business revenue due to global market uncertainties[31]. - The company's net profit attributable to shareholders decreased to HKD 18,697,000 for the year ending March 31, 2022, down from HKD 40,212,000 in the previous year, primarily due to unrealized losses on financial assets and impairment losses in the convenience store business[32]. - The convenience store business recorded a net loss of HKD 104,700,000 for the year, an improvement from a loss of HKD 121,760,000 in the previous year, aided by innovative marketing strategies and operational efficiency improvements[33]. - The rice business recorded a pre-tax profit of HKD 126,350,000 for the fiscal year ending March 31, 2022, compared to HKD 132,210,000 in the previous year, reflecting a decrease of approximately 4.5%[36]. - The bad debt amount for the rice business was HKD 27,000, maintaining a low bad debt rate despite economic downturns[36]. - The company proposed a final dividend of HKD 0.012 per share, maintaining the same level as the previous year, resulting in a total dividend of HKD 0.024 per share for the year[21]. Market Strategy and Innovation - The company strategically expanded its premium rice brand, Jinxiang, into the mainland China market, receiving positive feedback and demonstrating strong growth potential[16]. - The company continues to develop its product range, recently launching a new product, "Golden Elephant Microwave Home-style Rice," in collaboration with a well-known food manufacturer[31]. - The company has strengthened its distribution network and marketing strategies to adapt to the unprecedented changes in the retail environment caused by the pandemic[12]. - The company reported that the Hong Kong rice market is highly competitive, prompting a focus on innovative product offerings[16]. - The group is focused on market expansion and product innovation, successfully launching new products in the mainland China market[36]. Corporate Governance - The company is committed to continuous improvement in its corporate governance and compliance with listing rules, ensuring the independence of its non-executive directors[76]. - The company has established appropriate directors' and officers' liability insurance to protect its board members from potential liabilities arising from their roles[79]. - The board consists of nine members, including five executive directors, one non-executive director, and three independent non-executive directors[117]. - The company has adopted all applicable code provisions from the corporate governance code as part of its governance practices[116]. - The board has three committees: the remuneration committee, audit committee, and nomination committee, each with defined responsibilities approved by the board[125]. Environmental, Social, and Governance (ESG) Practices - The company emphasizes the importance of strong environmental, social, and governance (ESG) practices for sustainable development in its operations[164]. - The company is committed to enhancing financial performance while actively implementing policies for environmental protection and social responsibility[164]. - The ESG report is prepared according to guidelines that emphasize importance, quantification, consistency, and balance[165]. - The company aims to reduce electricity consumption density by 5% and greenhouse gas emissions density by 5% by 2030, with a 10% reduction target for water usage density[180]. - The company has launched Hong Kong's first eco-friendly biodegradable plastic rice bag to contribute to reducing plastic pollution[185]. Risk Management and Economic Outlook - The company continues to monitor risks related to geopolitical tensions, inflation, and potential Federal Reserve policy missteps[55]. - The management believes that the COVID-19 pandemic will soon be better controlled, paving the way for a steady recovery of the global economy[40]. - The company is optimistic about the recovery of the global economy as COVID-19 vaccination programs progress, although it remains cautious about potential challenges from new variants and geopolitical threats[31]. Shareholder Information - Major shareholders include Yuen Loong International Limited holding 32.28% and Chelsey Developments Ltd. holding 14.86% of the company's issued share capital[109]. - The company reported a total of 38,532,000 shares held by director Lin Kuang-Chi, representing approximately 2.27% of the issued share capital[89]. - The company has no preferential rights for existing shareholders regarding the issuance of new shares[100].

IQ 米美 金 源 米 莱 图 際 有 限 公 司 (1249736-677) 於百慕迪註冊成立之有限公司 2021/2022 中 期 報 告 CIRCLE (R Vietnam 越南 两分鐘20 點 01 主席報告 本人謹代表金源米業國際有限公司報告本集團截至2021年9月30日止六個月的業務回顧。 越南 Circle K 便利店業務 在越南，COVID-19 疫情的影響繼續對社會經濟和商業環境造成嚴重破壞。於 2021 年 5 月越南爆發了最大規模的疫情，政府採取了嚴厲的抗疫措施，在各主要城市實施了嚴格的 封鎖和宵禁。這一系列的限制，阻礙了當地的商業活動並擾亂了經濟。在前所未有及充滿 挑戰的營商環境中，本集團的便利店業務無可避免地受到波及。主要原因是市民出外意欲 和遊客數目急劇下降。 為應對這突如其來的變化，本集團立即採取行動應變以減輕風險。憑藉我們堅實的基礎和 有效的應急計劃，Circle K 便利店獲得政府特別批准在封鎖期間仍然可以繼續營業，為市 民提供日用必需品，服務社區。我們還採取了積極的措施來重新編排產品類別的供應，以 應對日用品需求的激增。 為過渡 COVID-19 帶來的挑戰和逆境，本集團繼 ...