Financial Performance - The group's revenue for the period was approximately HKD 46,316,000, an increase of about 5.2% compared to HKD 44,041,000 for the same period last year[10]. - Gross profit for the period was approximately HKD 10,625,000, representing an increase of about 994.2% from HKD 971,000 in the previous period, with a gross margin of approximately 22.9%[16]. - The group reported a loss of approximately HKD 5,430,000 for the period, a significant improvement compared to a loss of HKD 17,966,000 in the same period last year[16]. - The net loss for the period was HKD 5,430,000, a decrease of 69.8% compared to a net loss of HKD 17,966,000 in the previous year[69]. - The group incurred a loss before tax of HKD 5,074,000 for the six months ended September 30, 2021, compared to a loss of HKD 16,761,000 for the same period in 2020, indicating an improvement in financial performance[86]. - The group’s tax expense for the six months ended September 30, 2021, was HKD 356,000, a decrease from HKD 1,205,000 in 2020, reflecting a reduction of approximately 70.5%[95]. Expenses and Cost Management - Administrative expenses decreased by approximately 72.3% to about HKD 3,920,000 from HKD 14,154,000 in the previous period[12]. - Sales and distribution expenses increased by approximately 261.0% to about HKD 11,646,000 from HKD 3,226,000 in the previous period, primarily due to increased marketing and promotional costs[16]. - The cost of inventory recognized as an expense was HKD 35,691,000 for the six months ended September 30, 2021, down from HKD 43,070,000 in 2020, reflecting a decrease of approximately 17.1%[93]. - The group did not recognize any inventory provision for the six months ended September 30, 2021, compared to HKD 4,107,000 in the same period of 2020, indicating a significant improvement in inventory management[93]. Cash Flow and Liquidity - As of September 30, 2021, the group's cash and cash equivalents amounted to approximately HKD 33,141,000, an increase from HKD 18,901,000 as of March 31, 2021[18]. - Operating cash flow for the six months was HKD 15,087,000, a turnaround from cash used of HKD 21,316,000 in the prior period[76]. - Cash and cash equivalents at the end of the period increased to HKD 33,141,000 from HKD 18,901,000 at the beginning of the period[76]. Market Strategy and Development - The group focused on developing fashion accessory products suitable for the Chinese market to reduce reliance on a single market[13]. - The group aims to further expand its market share by targeting new customer segments and markets[13]. - The group remains optimistic about the Chinese market, expecting continued growth in domestic consumption driven by the government's "dual circulation" strategy[18]. - The group is actively developing a new semi-precious product line to diversify its offerings and reduce the impact of seasonal trends[18]. - The group plans to enhance its brand image and expand its online sales through social media marketing and third-party platforms[18]. Digital Transformation and Innovation - The group accelerated its digital transformation and marketing efforts through cloud platforms and social media to enhance competitiveness in the fashion accessories industry[13]. - The company allocated approximately HKD 11.9 million for the development of its self-operated online wholesale platform, focusing on expanding the customer base and product variety, as well as improving platform systems and technology upgrades[29]. - The company has temporarily suspended the development of software applications and mobile games due to a strategic shift towards a comprehensive fashion accessories platform[31]. Shareholder Information - As of September 30, 2021, the directors and senior management held approximately 66.13% of the issued ordinary shares[42]. - As of September 30, 2021, the major shareholder, Lihua Investment Co., Ltd., holds 705,053,597 shares, representing approximately 63.87% of the issued shares[48]. - The company aims to enhance shareholder value through the 2019 Share Option Scheme, which is valid for ten years from its adoption date[54]. Corporate Governance and Compliance - The board believes that the changes in the use of proceeds will not have a significant adverse impact on the company's current financial position[32]. - The board continuously evaluates the company's business objectives and the changing market conditions to ensure sustainable development[28]. - The company has not engaged in any purchases, sales, or redemptions of its securities during the reporting period[39].

Financial Performance - The total revenue for the fiscal year ended March 31, 2021, was approximately HKD 79,397,000, a decrease of about 65.1% compared to HKD 227,568,000 in 2020[11]. - Gross profit for the year was approximately HKD 9,197,000, down from HKD 55,575,000 in 2020, indicating a significant decline in profitability[11]. - The company reported a loss of approximately HKD 26,621,000 for the year, compared to a profit of HKD 10,981,000 in the previous year[11]. - Revenue from the online wholesale platform decreased by approximately 78.3% to HKD 44,310,000, primarily due to the ongoing impact of COVID-19[13]. - Other business revenue increased by approximately 49.8% to HKD 35,087,000, attributed to increased offline trade in the Chinese market[13]. - The group's revenue for the year was approximately HKD 79.4 million, a decrease of about 65.1% compared to HKD 227.6 million in the previous year[26]. - Gross profit for the year was approximately HKD 9.2 million, down approximately 83.5% from HKD 55.6 million in the previous year, with a gross margin of 11.6%[27]. - The group reported a loss of approximately HKD 26.6 million for the year, compared to a profit of HKD 11.0 million in the previous year[30]. Cost Management - Sales and distribution expenses were reduced by 38.2% to approximately HKD 10,727,000, down from HKD 17,349,000 in 2020[13]. - Administrative expenses decreased by 22.9% to approximately HKD 19,439,000, compared to HKD 25,210,000 in the previous year[13]. - The total employee cost, including directors' remuneration, is approximately HKD 8,938,000 for the year ending March 31, 2021, down from HKD 9,419,000 in 2020[39]. Market Strategy - The company is optimistic about revenue growth as the world recovers from COVID-19[16]. - Strategic measures were implemented to mitigate the negative impacts of COVID-19, including cost control and optimization of internal cost structure[13]. - The company is focusing on developing fashion accessory products suitable for the Chinese market to capitalize on the recovery in consumer spending[13]. - The group plans to continue focusing on the "Yatani" brand and expand its online marketing strategies through third-party retail platforms and social media[1]. - The group aims to diversify its product offerings by developing new product lines, including semi-precious products, to reduce the impact of seasonal and trend changes[1]. - The group remains optimistic about the Chinese market, anticipating continued consumer demand growth driven by the government's "dual circulation" strategy[1]. - The group will invest more resources to further expand its market share in China as disposable income and living standards continue to rise[1]. Customer and Supplier Relationships - Revenue from the top five customers in the integrated fashion accessories platform accounts for about 65.8% of the segment's total revenue[46]. - Approximately 93.6% of the segment's revenue comes from China and the United States, indicating a high dependency on these markets[47]. - The group has established significant procurement directions with major customers to strengthen business relationships[47]. - Purchases from the top five suppliers represented about 68.6% of total purchases for the year[53]. - The company has established long-term framework agreements with key suppliers to ensure stable and reliable business relationships[53]. Corporate Governance - The board consists of four executive directors and three independent non-executive directors as of March 31, 2021[76]. - The company has adopted the corporate governance code and has complied with all provisions during the reporting period[76]. - The board is responsible for reviewing and monitoring compliance with legal and regulatory requirements[83]. - The company has implemented a robust internal control system, which is regularly reviewed for effectiveness[83]. - The independent non-executive directors bring diverse experience and expertise to the board[78]. - The company emphasizes the importance of continuous professional development for directors and senior management[83]. - The board has established a remuneration committee to oversee compensation policies and practices[79]. - The company is committed to maintaining high standards of corporate governance to protect shareholder interests[76]. Risk Management - The management will continue to monitor foreign exchange risks, particularly due to fluctuations in the Renminbi, without using forward contracts or derivatives for hedging[36]. - The company has established an internal control department to manage compliance and monitoring matters, reporting directly to the board[120]. - The board is responsible for the effectiveness of the risk management and internal control systems, which are reviewed at least twice a year[119]. - The company has a significant focus on managing business risks to protect assets from fraud and other illegal activities[119]. Employee Management - As of March 31, 2021, the company employed a total of 37 staff members, a decrease from 48 staff members in 2020, representing a reduction of approximately 22.9%[183]. - The gender distribution of employees in 2021 was 35% male (13 employees) and 65% female (24 employees), compared to 29% male and 71% female in 2020[183]. - The age group distribution showed that 30% of employees were aged 21-30, while 57% were aged 31-40, indicating a shift towards a more experienced workforce[183]. - The company has established a competitive compensation system, including basic salary, position allowances, and other benefits, to attract and retain talent[187]. - The company has maintained a "zero" injury workplace environment, with no reported work-related injuries or fatalities during the reporting period[189]. - The company adheres to fair employment practices, actively opposing child labor and forced labor, with no reported violations of related laws during the reporting period[190]. Sustainability and Social Responsibility - The company is committed to maintaining environmental sustainability and has implemented various policies to achieve resource conservation[57]. - The company emphasizes corporate social responsibility by integrating environmental and social considerations into daily operations and decision-making[175]. - The company has adopted key performance indicators to optimize and improve sustainability reporting[171]. Online Platform Development - The company aims to enhance its online wholesale platform to attract new customers and increase engagement through various marketing channels[53]. - The company has developed an online marketing system that supports a large number of registered customers[53]. - The group has shifted significantly from offline marketing to online sales platforms, aiming to expand its customer base in major regions including China, North America, and Europe[47]. - The company operates a one-stop online wholesale platform for brand manufacturers and retailers, ensuring product quality and offering free returns for defective products within seven days[193]. Financial Commitments and Investments - The company has no significant investments as of March 31, 2021, with cash and cash equivalents approximately HKD 18,901,000, down from HKD 49,042,000 in 2020[37]. - The capital debt ratio as of March 31, 2021, is approximately 15.2%, a decrease from 22.9% in 2020[37]. - The company has established a financing agreement with a maximum amount of HKD 100,000,000 at an annual interest rate of 5.25% for operational funding[164]. Shareholder Information - The company reported a total of 730,018,397 shares outstanding, representing approximately 66.13% of the issued shares held by key shareholders[127]. - The major shareholder, Lihua Investment Co., Ltd., holds 705,053,597 shares, accounting for 63.87% of the total issued shares[133]. - The company has granted stock options amounting to 11,000,000 shares under its stock option plan adopted on August 26, 2019[127]. - The company has received the payment of HKD 1.00 from relevant grantees for the share options granted[142]. - The company’s board members have significant shareholdings, with Mr. Xie Haizhou holding 66.13% of the shares[127].

Financial Performance - The company's revenue for the period was approximately HKD 44,041,000, a decrease of about 70.0% compared to HKD 146,570,000 for the same period last year[21]. - The group's gross profit for the period was approximately HKD 971,000, a decrease of about 97.5% compared to HKD 38,912,000 for the six months ended September 30, 2019, resulting in a gross profit margin of approximately 2.2%[24]. - The group reported a loss of approximately HKD 17,966,000 for the period, compared to a profit of HKD 8,697,000 for the six months ended September 30, 2019[24]. - The company reported revenue of HKD 44,041,000 for the six months ended September 30, 2020, a decrease of 69.9% compared to HKD 146,570,000 in the same period of 2019[91]. - Gross profit for the same period was HKD 971,000, down 97.5% from HKD 38,912,000 year-on-year[91]. - The company incurred a loss before tax of HKD 16,761,000, compared to a profit of HKD 13,133,000 in the previous year[91]. - The total comprehensive loss for the period was HKD 9,492,000, compared to a comprehensive income of HKD 1,408,000 in the same period last year[91]. - The company reported a net loss of HKD 17,966,000 for the six months ended September 30, 2020, compared to a profit of HKD 8,697,000 for the same period in 2019[126]. Business Strategy and Operations - The company has shifted its business strategy from operating physical retail stores to online platforms and other distribution channels due to changing consumer shopping habits in China[15]. - The online wholesale platform has become the primary sales channel for the recovering fashion accessories business, with an increasing number of customers placing orders online[15]. - The company believes that the new business model requires lower capital commitments and operational expenses, improving liquidity[15]. - The company anticipates that the shift to online sales will allow for quicker responses to market trends and better cost control[15]. - The company has established distribution and consignment arrangements with retail customers in Hong Kong and China through various third-party online platforms[18]. - The company has suspended the development of software and related applications due to a shift in business strategy towards a comprehensive fashion accessories platform[59]. Financial Position and Cash Flow - As of September 30, 2020, the group's cash and cash equivalents were approximately HKD 30,062,000, down from HKD 49,042,000 as of March 31, 2020[27]. - The company’s cash and bank balances decreased to HKD 30,062,000 from HKD 49,042,000 as of March 31, 2020[93]. - The net cash used in operating activities for the six months ended September 30, 2020, was HKD 21,316,000, compared to HKD 15,786,000 in the same period of 2019[99]. - The company received a capital injection of HKD 3,200,000 from a shareholder during the reporting period[97]. - The company’s total assets of the company as of September 30, 2020, were HKD 153,657,000, while total liabilities amounted to HKD 16,087,000[110]. Employee and Management Information - As of September 30, 2020, the group had 34 employees, with total employee costs, including director remuneration, amounting to approximately HKD 6,017,000[33]. - The company’s management compensation for the six months ended September 30, 2020, was HKD 3,192,000, compared to HKD 969,000 in the previous year[138]. Shareholder and Equity Information - As of September 30, 2020, the total beneficial ownership of shares by directors and senior executives amounted to 730,018,397 shares, representing approximately 66.13% of the issued shares[70]. - The major shareholder, Lihua Investment Co., Ltd., held 705,053,597 shares, accounting for approximately 63.87% of the issued shares as of September 30, 2020[76]. - The board did not declare any interim dividend for the period, consistent with the previous period[27]. - The company did not purchase, sell, or redeem any of its securities during the reporting period[69]. Marketing and Brand Development - The group aims to enhance brand awareness through various marketing and promotional activities for the "雅天妮" brand, which has accumulated significant intrinsic value over the years[27]. - The board believes that enhancing brand recognition and awareness is crucial for driving business performance, allocating approximately HKD 11.9 million for promotional activities[62]. Future Plans and Opportunities - The group plans to continue evaluating existing business strategies and exploring suitable business opportunities to create new profit growth drivers[27]. - The board will continuously evaluate the business objectives and changing market conditions to ensure the group's ongoing development[59]. - The remaining unutilized net proceeds will be temporarily allocated to licensed banks in Hong Kong for future business development opportunities[59].

Financial Performance - The total revenue for the fiscal year ended March 31, 2020, was approximately HKD 227,568,000, a decrease of 16.1% compared to HKD 271,287,000 in 2019[13]. - Gross profit for the fiscal year was approximately HKD 55,575,000, down from HKD 85,966,000 in the previous year[13]. - The net profit for the fiscal year was approximately HKD 10,981,000, compared to HKD 31,043,000 in 2019[13]. - The company's revenue for the year was approximately HKD 227.57 million, a decrease of about 16.1% compared to HKD 271.29 million in the previous year[19]. - Gross profit for the year was approximately HKD 55.58 million, down 35.4% from HKD 85.97 million in the previous year[24]. - The net profit for the year was approximately HKD 10.98 million, a significant decline from HKD 31.04 million in the previous year[19]. - The gross margin decreased to 24.4% from 31.7% in the previous year[19]. - The net profit margin was 4.8%, down from 11.4% in the previous year[19]. Business Strategy - The company has shifted its business strategy from operating physical retail stores to online platforms, closing all retail stores since September 2016[13]. - The online wholesale platform has become the main sales channel for the fashion accessories business, responding quickly to market trends[13]. - The company believes that the increasing number of customers placing orders online will enhance cost control and improve liquidity[13]. - The new business model combines online and offline sales channels, covering a wide customer base in China and globally[13]. - The company aims to reduce capital expenditure and ongoing costs through its new business model[13]. - The company plans to continue its multi-channel and multi-product strategy to meet diverse customer purchasing habits across different regions[24]. Market Presence - The fashion accessories business generated revenue of approximately HKD 227,568,000 for the year, reflecting the impact of the COVID-19 pandemic[13]. - The company distributes its fashion accessories through various third-party online platforms, including Vipshop, Tmall, and JD.com[13]. - Approximately 80.6% of the revenue from the integrated fashion accessories platform business was generated from Russia and the United States, indicating a concentrated market presence[34]. - The group is focusing on expanding its overseas market presence to reduce dependence on specific regional customers, indicating a strategic growth initiative[37]. Financial Management - As of March 31, 2020, the group's cash and cash equivalents were approximately HKD 49,042,000, down from HKD 88,328,000 in 2019, indicating a decrease of about 44.5%[34]. - The group's capital to debt ratio as of March 31, 2020, was approximately 22.9%, a decrease from 31.2% in 2019, reflecting a reduction of 8.3 percentage points[34]. - The group has not made any significant investments during the year, maintaining a conservative financial strategy[34]. - The group has no major capital commitments as of March 31, 2020, ensuring flexibility in financial management[34]. Corporate Governance - The board of directors emphasized the importance of corporate governance and accountability to protect shareholder interests[64]. - The company has adopted new internal controls to ensure compliance with regulatory standards, enhancing overall governance practices[65]. - The company has established a balanced board structure with directors possessing relevant industry knowledge and experience[71]. - The company has implemented a training program for directors to ensure they are well-informed about the group's operations and regulatory requirements[80]. - The company has established an internal control department to manage compliance and monitoring matters, reporting directly to the board[113]. Employee Management - Employee costs, including director remuneration, were approximately HKD 9,419,000 for the year, slightly down from HKD 9,642,000 in 2019, showing a minor reduction in personnel expenses[34]. - The group emphasizes regular training and development programs for employees to enhance operational management skills, indicating a commitment to workforce development[34]. - The company has implemented policies to prevent child labor and forced labor, complying with significant legal regulations[45]. - The group has established clear promotion pathways and conducts annual employee evaluations to inform salary and position adjustments[166]. Environmental and Social Responsibility - The company aims to enhance its sustainable development performance by incorporating environmental and social considerations into daily operations and decision-making[154]. - The company has implemented various green operational measures, including energy-saving practices and encouraging the use of natural light[182]. - The total greenhouse gas emissions for 2020 were 132.63 metric tons of CO2 equivalent, an increase from 111.38 metric tons in 2019, representing a 19% rise[183]. - The company actively promotes employee participation in charitable activities and environmental initiatives[187]. Shareholder Engagement - The company has committed to community engagement initiatives to understand and address local community needs[51]. - The company aims to enhance shareholder value through the stock option plans and other strategies[138]. - The board adopted a dividend policy on November 27, 2018, prioritizing cash dividends and sharing profits with shareholders[106].

Financial Performance - The company's revenue for the period was approximately HKD 146,570,000, representing an increase of about 24.8% compared to HKD 117,485,000 for the same period last year[13]. - The operating profit for the period was approximately HKD 19,259,000, showing significant improvement from previous business models[13]. - The sales cost for the period was approximately HKD 107,658,000, which is a 25.2% increase from HKD 86,014,000 in the same period last year[13]. - Profit for the period was approximately HKD 8,697,000, down from HKD 13,700,000 in the same period last year[16]. - Gross profit for the same period was HKD 38,912,000, representing a gross margin of 26.6%[56]. - The net profit for the period was HKD 8,697,000, down from HKD 13,700,000 in the previous year, indicating a decrease of 36.5%[56]. - The total comprehensive income for the period was HKD 1,408,000, significantly lower than HKD 5,512,000 in the same period last year[56]. - The company reported a net cash outflow from operating activities of HKD 15,786 million for the six months ended September 30, 2019, compared to a net inflow of HKD 23,868 million in the same period of the previous year[64]. - The company incurred financing costs of HKD 45,000 for the period, compared to HKD 5,000 in the previous year[56]. - The company’s income tax expense for the six months ended September 30, 2019, was HKD 4,436,000, compared to HKD 3,743,000 for the same period in 2018[88]. Business Strategy and Operations - The company has shifted its business strategy from physical retail stores to online platforms to reduce fixed operating costs[10]. - The company believes that the strategic shift in sales methods is key to improving financial performance in the fashion accessories sector[10]. - The company has reintroduced retail operations through various channels, including partnerships with third-party online platforms like Vipshop, Tmall, and JD.com[13]. - The company acquired 100% equity of Viennois Online Limited and Guangzhou Weiya Intelligent Technology Co., enhancing its online platform capabilities[10]. - The company expects increasing reliance on online procurement orders to respond more quickly to market trends and better control costs[10]. - The overall business model now combines online and offline sales channels, covering a wide range of customers in China and globally[10]. - The group plans to expand its retail and distribution network through third-party online platforms and physical sales points to diversify revenue sources[16]. - The group will continue to assess existing business strategies and explore suitable business opportunities for sustainable growth[16]. Shareholder Information - As of September 30, 2019, Mr. Xie Haizhou holds 3,525,267,988 shares, representing 63.87% of the issued share capital[43]. - Major shareholder, Lihua Investment Limited, holds a beneficial interest of 3,525,267,988 shares, accounting for 63.87% of the issued share capital[48]. - The company did not declare an interim dividend for the six months ended September 30, 2019, consistent with the previous year[91]. Expenses and Liabilities - Sales and distribution expenses for the period amounted to approximately HKD 9,546,000, an increase of about 8.2% compared to HKD 8,823,000 in the same period last year[16]. - Administrative expenses for the period were approximately HKD 17,058,000, representing a 15.2% increase from HKD 14,804,000 in the same period last year[16]. - The company’s current liabilities totaled HKD 54,542 million, slightly up from HKD 49,472 million[59]. - The debt-to-equity ratio as of September 30, 2019, was approximately 34.1%, compared to 31.2% as of March 31, 2019[20]. Cash and Assets - The group’s cash and cash equivalents as of September 30, 2019, were approximately HKD 70,812,000, down from HKD 88,328,000 as of March 31, 2019[20]. - Total assets amounted to HKD 178,552 million, an increase from HKD 173,079 million as of March 31, 2019[59]. - Cash and bank balances decreased to HKD 70,812 million from HKD 88,328 million, reflecting a decline of approximately 20%[59]. - Inventory levels rose significantly to HKD 45,433 million from HKD 37,492 million, indicating a 21% increase[59]. - The company reported a total of HKD 62,049,000 in other receivables, deposits, and prepayments as of September 30, 2019, compared to HKD 46,986,000 as of March 31, 2019[93]. Corporate Governance - The board has adopted the corporate governance code and has complied with its provisions, except for the separation of the roles of chairman and CEO until August 8, 2019[33]. - The audit committee has reviewed the unaudited condensed consolidated interim financial statements for the period[35]. Changes and Developments - The company changed its name from "Primeview Holdings Limited" to "Artini Holdings Limited" effective September 27, 2019[39]. - The company has suspended the development of software business and related applications, reallocating the remaining unutilized proceeds for other business development opportunities[30]. - The board will continuously assess the company's business objectives and changing market conditions, with the possibility of further changes to the use of net proceeds from the placement[31]. - The company adopted a new share option scheme on August 26, 2019, aimed at rewarding participants who contribute to the group[54]. - No share options were granted, exercised, lapsed, or cancelled under the new scheme as of the report date[54].

Financial Performance - The total revenue for the fiscal year was approximately HKD 271,287,000, an increase of about 354.3% compared to HKD 59,719,000 in the previous year[12] - Gross profit for the year was approximately HKD 85,966,000, up from HKD 21,073,000 in the previous year[12] - The company reported a profit of approximately HKD 31,043,000, a significant turnaround from a loss of HKD 145,039,000 in the previous year[12] - The gross profit margin for the fiscal year was 31.7%, a decrease from 35.3% in the previous year[25] - The net profit margin improved to 11.4% from a loss of 242.9% in the previous year, indicating a turnaround in financial performance[25] - The group reported a net gain from the sale of subsidiaries of approximately HKD 7,577,000, compared to zero in 2018[28] - The company reported a total equity of HKD 158,500,000, an increase from HKD 132,180,000 in the previous year[25] - The current ratio decreased to 3.5 from 4.8 in the previous year, indicating a tighter liquidity position[25] - The company raised approximately HKD 40.8 million through the placement of 510,000,000 shares at a price of HKD 0.08 per share[50] - The net proceeds from the placement are approximately HKD 39.7 million after expenses[50] - The adjusted net profit for the year is approximately HKD 32,900,000, achieving the profit guarantee set by the chairman[150] Business Strategy and Operations - The business strategy has shifted from operating physical retail stores to online distribution channels, closing all retail stores since September 2016[14] - The acquisition of Viennois Online Limited and Guangzhou Weiya Intelligent Technology Co., Ltd. has enabled the company to develop a comprehensive online platform for fashion accessories[14] - The new business model combines online and offline sales channels, covering a wide range of customers in China and globally[14] - The company believes the new business model requires lower capital commitments and reduces ongoing expenses, improving liquidity[14] - The company aims to revitalize its fashion accessories business by adapting to current shopping trends[14] - The company plans to continue its multi-channel and multi-product strategy to meet diverse customer purchasing habits across different regions[21] - The company aims to expand its retail and distribution network through third-party online platforms and physical sales points to gain more market share[21] - The company has suspended the development of software applications and mobile games due to a shift in business strategy towards a comprehensive fashion accessories platform[54] Market and Customer Insights - Revenue generated from Russia and the United States represented about 71.6% of the total revenue from the integrated fashion accessories platform business[46] - The revenue from the top five customers accounted for approximately 31.1% of the total revenue for the year[46] - The company has established long-term framework agreements with major suppliers to ensure stable supply of goods[47] - The company has committed to expanding its overseas market presence to reduce reliance on specific regional customers[46] - The company has a customer database to communicate directly with major customers and send promotional notifications[46] - The company provides a 30-day credit period and the best discounts on its online wholesale platform to major customers[46] Corporate Governance - The board of directors emphasized the importance of corporate governance, ensuring accountability and transparency in operations[69] - The company maintained compliance with all corporate governance codes, demonstrating a commitment to best practices in management[66] - The board held a total of 10 meetings and one annual general meeting this year, with all executive directors attending all meetings[72] - The audit committee held two meetings this year, with full attendance from all members[83] - The company reviewed its corporate governance policies and compliance with legal and regulatory requirements[73] - All independent non-executive directors confirmed their independence according to listing rules[75] - The company provided training for all directors to ensure they are updated on relevant laws and regulations[81] - The audit committee reviewed the effectiveness of the internal control system and financial reporting processes[85] Employee and Workplace Policies - The group employed a total of 57 employees as of March 31, 2019, compared to 27 employees in 2018, representing a 111% increase in workforce size[175] - The gender distribution of employees in 2019 was 33% male (19 employees) and 67% female (38 employees), compared to 59% male and 41% female in 2018[175] - The age group distribution showed that 40% of employees were aged 21 to 30, and 51% were aged 31 to 40, indicating a young workforce[175] - The group has implemented a competitive compensation system to attract and retain talent, including basic salary, position allowances, and other subsidies[178] - The company emphasizes employee welfare and regularly reviews existing employee benefits for improvement[48] - The group has established a comprehensive health and safety policy, including medical insurance for employees and a smoke-free workplace[179] - The group has a clear promotion pathway and conducts annual performance evaluations to guide salary and position adjustments for employees[176] Sustainability and Environmental Impact - The company is committed to maintaining long-term environmental sustainability and has implemented various policies to minimize environmental impact[50] - The group promotes green operations by encouraging recycling and reducing paper usage, including using email instead of physical mail[195] - The group has not reported any significant violations of environmental laws during the reporting period, including the Environmental Protection Law of the People's Republic of China[193] - Total greenhouse gas emissions in 2019 reached 111.38 metric tons of CO2 equivalent, a significant increase from 15.69 metric tons in 2018[198] - Total energy consumption surged to 156,113.00 kWh in 2019, up from 22,903.59 kWh in 2018[198] - Total water consumption for the reporting period was 1,896.00 cubic meters, significantly higher than 132.82 cubic meters in 2018[198] - The total amount of non-hazardous waste generated was 2.98 metric tons in 2019, an increase from 1.51 metric tons in 2018[198] Risk Management and Compliance - The board is responsible for the company's risk management and internal control systems, which are continuously reviewed for effectiveness[107] - The company has engaged an external consultant for internal control assessments to enhance its procedures and systems[107] - The internal control report covering all significant control aspects, including financial and operational matters, was submitted to the board and audit committee[107] - The company maintains strict compliance with anti-corruption laws and regulations, promoting a culture of integrity and ethical conduct[200] - There were no reported cases of corruption against the company or its employees during the reporting period[200]