香港交易及結算所有限公司、香港聯合交易所有限公司及新加坡證券交易所有限 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。 新加坡證券交易所有限公司概不對本公告內作出的任何陳述、載列的任何報告或 發表的任何意見的正確性承擔任何責任。 WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED 威雅利電子（集團）有限公司 （於百慕達註冊成立的有限公司） （香港股份代號：854） （新加坡股份代號：BDR） 截至二零二三年九月三十日止六個月 未經審核中期業績公告 財務摘要 截至九月三十日止六個月 二零二三年 二零二二年 變動 千港元 千港元 % （未經審核）（未經審核） 收益 1,359,457 1,782,845 –23.7 毛利 61,981 169,974 –63.5 ...

Financial Performance - For the fiscal year ending March 31, 2023, the total revenue was HKD 3,175.3 million, a decrease from HKD 3,557.9 million in the previous year[8]. - The net profit attributable to shareholders for the fiscal year was HKD 82.2 million, compared to a profit of HKD 92.5 million in the previous year, reflecting a decline of approximately 14.1%[8]. - The basic earnings per share for the fiscal year was HKD 1.08, down from HKD 1.40 in the previous year, indicating a decrease of about 22.9%[10]. - The company's gross profit for fiscal year 2023 was HKD 278.7 million, down from HKD 334.8 million in fiscal year 2022[18]. - The company reported a profit attributable to shareholders of HKD 2.7 million for FY2023, a significant decrease from HKD 82.2 million in FY2022, mainly due to sales decline and increased financing costs[41]. - The company's financing costs increased to HKD 43.8 million in fiscal year 2023, compared to HKD 17.3 million in fiscal year 2022, due to rising interest rates[18]. - The gross profit margin fell from 9.8% in FY2022 to 8.9% in FY2023, primarily due to weakened demand for semiconductor chips and intensified competition among suppliers[56]. Revenue Breakdown - The revenue breakdown by industry application for the fiscal year 2023 shows that lighting accounted for 21%, telecommunications 19%, and industrial applications 29%[17]. - The automotive electronics segment became the largest revenue source for the company in FY2023, generating HKD 845.2 million, an increase of 18.9% year-on-year, contributing approximately 27.0% to total revenue, up from 20.7% in FY2022[29]. - The electronic manufacturing services segment recorded a significant growth of 50.2%, with sales reaching HKD 245.1 million, increasing its contribution to total revenue from 4.8% in FY2022 to 7.8% in FY2023[29]. - The industrial segment experienced a revenue decline of 25.0%, falling to HKD 758.2 million from HKD 1,010.4 million in FY2022[43]. - The home appliance segment's revenue decreased by 14.0%, from HKD 660.8 million in FY2022 to HKD 568.0 million in FY2023[43]. - The telecommunications segment's revenue decreased by 5.0% year-on-year to HKD 203.2 million, despite strong demand for optical image stabilization (OIS) in smartphone camera components[51]. - The audio-visual segment's revenue was HKD 191.9 million, a decrease of 19.7% year-on-year, with expectations of continued weak demand for consumer electronics due to high interest rates and inflation[52]. - The lighting segment recorded revenue of HKD 98.0 million, down 17.5% year-on-year, with a focus on increasing marketing efforts for commercial lighting applications[54]. Market Conditions and Challenges - The company anticipates continued challenges in the consumer electronics market due to inflation and high interest rates affecting domestic demand and exports[27]. - The geopolitical tensions in Eastern Europe and between the US and China are expected to keep energy and raw material prices high and volatile, impacting economic activity[32]. - The group anticipates challenges in the next 12 months due to geopolitical tensions and inflationary pressures affecting consumer confidence and demand for electronic products[80]. Strategic Focus and Growth Areas - The company is focusing on expanding its market presence in Taiwan to capitalize on opportunities from large Taiwanese electronics manufacturers operating in mainland China[2]. - The company plans to continue investing resources in growth potential areas, particularly in sectors emphasized by the Chinese government, such as industrial, home appliances, and automotive electronics[30]. - The company remains optimistic about the automotive electronics segment due to government support for carbon neutrality and the increasing popularity of electric vehicles[29]. - The company aims to expand its product offerings in clean energy and low-carbon solutions, particularly in the automotive electronics and industrial sectors, in response to consumer trends and favorable sustainable development policies in China[120]. Corporate Governance and Management - The company is committed to corporate governance, with multiple committees in place, including audit, nomination, and remuneration committees[94]. - The company has a strong board with independent non-executive directors, including Lin Liming, who will retire on July 28, 2023, and will not seek re-election[94]. - The company has established a dedicated Environmental, Social, and Governance (ESG) team to systematically plan and implement sustainability strategies across departments and subsidiaries[150]. - The board of directors conducts annual meetings to assess significant ESG-related matters, identify climate change risks and opportunities, and review ESG performance and goals[150]. - The company has implemented a nomination policy and board diversity policy to enhance governance and sustainability, aiming for a balanced board in terms of skills, experience, and perspectives[160]. Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report highlights the company's commitment to sustainability, adhering to global standards and frameworks for reporting[105]. - The company aims to integrate sustainability into its business strategy and operations, providing reliable information to stakeholders[105]. - The company has engaged internal auditors to review the ESG report, ensuring compliance with regulatory requirements[106]. - The company has identified 41 economic, environmental, and social-related ESG areas relevant to its operations[129]. - The company is committed to attracting and retaining talent, providing comprehensive training programs, and ensuring clear career development paths for employees[174]. Employee and Operational Insights - The group employs 377 full-time employees, a 5% increase from 359 employees a year earlier, with 30.8% based in Hong Kong and 65.9% in China[83]. - The company has a comprehensive training program to cultivate talent, emphasizing employee safety and effective pandemic response measures[121]. - The company actively promotes employee training and development, linking performance to rewards and providing clear career advancement opportunities[165]. Sustainability and Environmental Impact - The company generated 427.76 tons of greenhouse gas emissions during the reporting period, with a density of 1.47 tons of CO2 equivalent per employee, a 3% reduction compared to the previous year[182]. - The company reduced its nitrogen oxides (NOx) emissions to 5.01 kg from 6.63 kg in the previous year, and sulfur oxides (SOx) emissions to 0.17 kg from 0.18 kg[180]. - The total amount of non-hazardous waste generated was 11.82 tons, with a waste generation density of 0.04 tons per employee, a 19% decrease compared to the previous reporting period[190]. - The company has set a goal to replace traditional lighting with LED lighting in its Shanghai office by the end of the next fiscal year to further reduce energy consumption[178]. - The company emphasizes the importance of maintaining long-term relationships with suppliers and customers to enhance value sharing and continuous improvement[174].

香港交易及結算所有限公司、香港聯合交易所有限公司及新加坡證券交易所有限 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。 新加坡證券交易所有限公司概不對本公告內作出的任何陳述、載列的任何報告或 發表的任何意見的正確性承擔任何責任。 WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED 威雅利電子（集團）有限公司 （於百慕達註冊成立的有限公司） （香港股份代號：854） （新加坡股份代號：BDR） 截至二零二三年三月三十一日止年度 全年業績公告 財務摘要 截至三月三十一日 止年度 二零二三年 二零二二年 變動 千港元 千港元 % 收益 3,135,433 3,425,832 -8.5 毛利 278,677 334,790 -16.8 ...

Financial Performance - For the six months ended September 30, 2022, the company reported a revenue of HKD 1,782.8 million, a slight decrease of 0.2% compared to HKD 1,785.9 million in the same period last year[21]. - The gross profit for the same period was HKD 169.97 million, down 0.6% from HKD 171.05 million year-on-year[21]. - Profit attributable to the company's owners was HKD 12.83 million, a significant decline of 70.5% from HKD 43.53 million in the previous year[21]. - The gross profit margin slightly narrowed from 9.6% in the first half of FY2022 to 9.5% in the first half of FY2023[39]. - Total comprehensive income for the period was a loss of HKD 27,024 thousand, compared to a gain of HKD 47,842 thousand in the previous year[104]. - Basic earnings per share decreased to HKD 14.78 from HKD 51.09, a decline of 71.0%[104]. - The pre-tax profit for the period was HKD 16,558, down from HKD 55,447 in the same period last year, indicating a significant decline[138]. - The net profit for the period was HKD 12,821 thousand, significantly down from HKD 43,534 thousand in the previous year, indicating a decline of 70.5%[104]. Revenue Breakdown by Segment - The industrial segment generated revenue of HKD 465.93 million, a decrease of 15.9% compared to the previous year's HKD 553.72 million[26]. - The automotive electronics segment saw revenue rise to HKD 451.81 million, up 28.8% from HKD 350.82 million year-on-year[26]. - The home appliances segment recorded sales of HKD 301.9 million, a decrease of 14.4% compared to the same period last year, impacted by weak global consumer electronics demand and domestic market cooling due to real estate measures[30]. - The telecommunications segment's revenue grew by 38.0% year-on-year to HKD 140.5 million, accounting for 7.9% of total revenue, primarily due to increased demand for optical image stabilization (OIS) features in smartphone camera components[31]. - The audio-visual segment's revenue was HKD 128.5 million, up 6.9% year-on-year, driven by home entertainment and conferencing equipment, although future demand is expected to be challenging[34]. - The electronic manufacturing services segment's revenue increased by 43.0% year-on-year to HKD 110.9 million, supported by a new project acquired in the first half of FY2023[35]. - The distributor segment's revenue decreased by 18.4% year-on-year to HKD 97.0 million, affected by weak demand for consumer electronics[36]. - The lighting segment's revenue fell by 2.6% year-on-year to HKD 59.4 million, with a focus shift towards commercial lighting applications[37]. - Other segments saw a revenue decline of 45.6% year-on-year to HKD 26.9 million, reflecting decreased demand for personal computers and electronic toys[38]. Cash Flow and Financing - For the six months ended September 30, 2022, the company reported a net cash outflow from operating activities of HKD 136,283,000, compared to a net inflow of HKD 69,961,000 for the same period in 2021[118]. - The company experienced a net cash increase of HKD 44,734,000 in cash and cash equivalents for the period, compared to HKD 181,487,000 in the same period last year[118]. - The company paid dividends amounting to HKD 63,964,000 during the period, significantly higher than HKD 28,118,000 in the previous year[118]. - The company reported a cash outflow of HKD 1,298,563,000 for the repayment of trust receipt loans, compared to HKD 1,264,864,000 in the same period last year[118]. - The cash and cash equivalents at the end of the period stood at HKD 363,170,000, down from HKD 399,405,000 at the end of the previous year[118]. - The company’s financing activities generated a net cash inflow of HKD 183,529,000, compared to HKD 114,165,000 in the same period last year[118]. Debt and Borrowings - As of September 30, 2022, the group had bank borrowings of HKD 176.9 million, with 50.9% denominated in USD and 49.1% in HKD[54]. - The total amount of unsecured trust receipt loans was HKD 677.9 million, with a weighted average effective interest rate of 4.85%[54]. - The weighted average effective interest rate for fixed-rate bank borrowings was 4.49%, while for floating-rate borrowings it was 4.23%[54]. - The net asset to debt ratio increased to 71.8% as of September 30, 2022, up from 37.0% on March 31, 2022, due to increased borrowings and decreased equity[61]. - The group utilized trust receipt loans totaling HKD 1,492,052,000 for settling trade payables during the period, up from HKD 1,360,220,000 in the previous year, reflecting a 9.7% increase[172]. - New bank loans obtained during the interim period amounted to HKD 364,217,000, a decrease from HKD 417,221,000 in the previous year[176]. - The group repaid HKD 311,077,000 in bank loans during the interim period, down from HKD 366,030,000 in the previous year[177]. Corporate Governance and Compliance - The board of directors confirmed compliance with the corporate governance codes of Hong Kong and Singapore for the six months ending September 30, 2022, with some exceptions noted[95]. - The audit committee, composed entirely of independent non-executive directors, reviewed the group's unaudited interim results for the six months ending September 30, 2022[98]. - The company adopted the Hong Kong Standard of Conduct as the code of conduct for securities trading by directors, with all directors confirming compliance for the six months ending September 30, 2022[97]. - The company plans to update its board composition to align with the Singapore corporate governance code, including potential appointments of new independent directors[96]. - The financial statements were prepared in accordance with International Accounting Standard 34, with no significant issues found during the review[103]. - The company has not engaged in any trading of its listed securities during the specified period, maintaining a focus on corporate governance and compliance[94]. Shareholder Information - As of September 30, 2022, the total number of shares held by the chairman and executive director, Mr. Leung, is 21,945,077, representing 25.05% of the total issued shares of 87,622,049[72][75]. - Mr. Leung is deemed to have an interest in 19,909,813 shares held by Max Power Assets Limited, where he is the sole director and shareholder[74][81]. - The family interest of Mr. Leung's wife, Ms. Cheng, includes 805,134 shares, contributing to the total interest of 21,945,077 shares[81]. - The second-largest shareholder, Mr. Kuo, holds 8,722,509 shares, representing approximately 9.95% of the total issued shares[79]. - Global Success International Limited, owned by Mr. Yeo, holds 8,685,109 shares, which is about 9.91% of the total issued shares[79]. - Yeoman Capital Management Pte Ltd holds 7,086,784 shares, representing 8.09% of the total issued shares[79]. Employee Compensation and Share Options - The total compensation for directors and key management personnel for the six months ended September 30, 2022, was HKD 7,606,000, a decrease of 20.5% from HKD 9,566,000 in the previous year[187]. - The Employee Share Option Plan III was adopted on July 30, 2013, to reward eligible employees, including executive directors, for their contributions[88]. - The unexercised stock options under the Employee Stock Option Plan III at the beginning and end of the first half of the fiscal year 2023 amounted to 792,000 and 1,937,000 shares respectively, with an exercise price of HKD 2.61 per share[91]. - During the first half of fiscal year 2023, 1,845,000 shares were exercised at an exercise price of HKD 2.61, while the weighted average closing price prior to the exercise was HKD 4.18 per share[91]. - The number of unexercised share options under the employee share option plan III as of September 30, 2022, was 1,937,000, down from 4,507,000 as of September 30, 2021[183].

Financial Performance - For the fiscal year ending March 31, 2022, the company's revenue was HKD 3,425.8 million, a decrease of 3.7% compared to HKD 3,557.9 million in the previous year[36]. - The gross profit for the same period was HKD 334.8 million, resulting in a gross margin of approximately 9.8%[38]. - Shareholders' profit for the year was HKD 82.2 million, down from HKD 92.5 million in the previous year, representing a decline of 11.4%[48]. - The company reported a basic earnings per share of HKD 96.33, compared to HKD 108.54 in the previous year, reflecting a decrease of 11.4%[49]. - The total assets of the company as of March 31, 2022, were HKD 3,557.9 million, compared to HKD 4,556.4 million in 2020, indicating a significant reduction[20]. - The company's net profit attributable to shareholders fell by 11.1% to HKD 82.2 million, reflecting challenges in meeting customer demand due to semiconductor shortages[63]. - The gross profit margin increased from 9.4% to 9.8%, attributed to the ongoing imbalance in supply and demand for electronic components[75]. - Other income decreased by 71.0% to HKD 2.8 million, mainly due to the absence of non-recurring subsidies from the Hong Kong government in FY2022[93]. Revenue Breakdown - The revenue breakdown by industry application shows that the lighting sector contributed 29% of total revenue, followed by industrial applications at 19%[30]. - The automotive electronics segment achieved a strong revenue growth of 11.7% year-on-year, becoming the second-largest revenue source for the company[64]. - The industrial segment, while still the largest revenue source, experienced a 3.7% decline in sales due to supply chain issues affecting the production of smart consumer electronics[64]. - The home appliance segment's revenue slightly decreased by 0.3% to HKD 660.8 million, impacted by the global semiconductor shortage[84]. - The distribution segment's revenue fell by 16.5% to HKD 218.6 million, despite strong demand, due to prioritization of semiconductor allocation to major growth industries[86]. - Telecommunications segment revenue decreased by 12.5% year-on-year to HKD 213.9 million due to weak global demand for smartphones[87]. - Electronic manufacturing services segment revenue fell significantly by 30.7% year-on-year to HKD 163.2 million, impacted by semiconductor chip allocation to major growth industries amid global component shortages[88]. - Lighting segment revenue declined by 12.7% year-on-year to HKD 118.8 million, affected by global component shortages despite benefiting from home anti-epidemic trends and economic recovery[90]. - Other segments contributed revenue of HKD 90.5 million, an increase of 2.2% year-on-year, with the company monitoring upcoming electronic trends for future growth[91]. Market Presence and Expansion - The company has established a strong network of offices in mainland China, covering major cities such as Beijing, Guangzhou, and Shanghai, to enhance market presence[2]. - Future outlook includes potential market expansion in Taiwan, leveraging partnerships with major electronic manufacturers[2]. - The company is focused on enhancing its product offerings and exploring new technologies to drive growth in the competitive electronics market[2]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share over the next two years[125]. - The company’s market presence includes significant operations in Taiwan, leveraging opportunities from large Taiwanese electronic manufacturers[144]. Challenges and Risks - The semiconductor shortage significantly impacted the company's ability to meet customer demands, leading to production disruptions across various sectors[60]. - The company anticipates a challenging outlook for the next twelve months due to domestic pandemic resurgence and geopolitical tensions affecting consumer sentiment and operational costs[68]. - The group anticipates significant challenges in the next 12 months due to the resurgence of COVID-19 in China and geopolitical tensions, but remains optimistic about necessary support measures to alleviate economic challenges[112]. - The company plans to continue prioritizing supply to industries with the most urgent needs and is actively seeking alternative supply sources to mitigate the impact of shortages[60]. Sustainability and ESG Initiatives - The company emphasizes its commitment to sustainable growth and adapting to market trends to enhance shareholder returns in the coming decade[59]. - The company has identified 41 key ESG topics relevant to its operations, enhancing transparency and stakeholder communication[154]. - The company is focusing on developing low-carbon and energy-efficient products in response to consumer trends and favorable sustainable development policies in China[149]. - A dedicated team has been established to support the implementation of sustainable strategies across departments and subsidiaries[148]. - The company has adopted the globally recognized GRI standards for its 2021/22 ESG report, improving risk management related to sustainability issues[149]. - The company aims to launch more environmentally friendly and innovative solutions to encourage energy conservation and emission reduction[149]. - The total greenhouse gas emissions generated by the company's operations during the reporting period amounted to 433.17 tons of CO2 equivalent, a 13% reduction compared to the previous reporting period[186]. - The company plans to replace traditional lighting with LED lighting in its Shenzhen office by the end of the next fiscal year to further reduce energy consumption[182]. Employee and Operational Management - The group employed 359 full-time employees as of March 31, 2022, with 32.9% in Hong Kong, 63.7% in China, and the remainder in Taiwan[113]. - The company plans to implement a new employee stock option plan to attract and retain top talent in the industry[127]. - Employee training and safety are prioritized, with measures implemented during the COVID-19 pandemic to ensure staff well-being[149]. - The company has established a dedicated working group to support employee training and provide regular feedback[149]. Financial Management and Dividends - The board proposed a special dividend of HKD 0.40 per share and a final dividend of HKD 0.33 per share, totaling HKD 0.73 per share for the fiscal year 2022, compared to HKD 0.33 per share in the previous fiscal year[67]. - The company has maintained a healthy cash flow and inventory management, ensuring robust financial performance despite market challenges[2]. - As of March 31, 2022, the company reported operating cash of HKD 499.4 million, including cash reserves of HKD 327.7 million, an increase from HKD 423.3 million in the previous year[65]. - The net debt-to-equity ratio improved to 37.0% as of March 31, 2022, down from 39.6% a year earlier, indicating a stronger financial position[65].

Financial Performance - The company reported a revenue of HKD 1,785.9 million for the six months ended September 30, 2021, representing a year-on-year increase of 5.8% from HKD 1,687.2 million[10]. - Gross profit increased by 24.8% to HKD 171.0 million, compared to HKD 137.1 million in the same period last year[10]. - Profit attributable to the company's owners surged by 94.4% to HKD 43.5 million, up from HKD 22.4 million in the previous year[10]. - Basic earnings per share rose to HKD 51.09, a 94.4% increase from HKD 26.28[10]. - Profit before tax increased to HKD 55,447 thousand, compared to HKD 25,136 thousand in the previous year, reflecting a significant growth of approximately 120.5%[94]. - Net profit for the period was HKD 43,534 thousand, which is a 94.5% increase from HKD 22,393 thousand in the prior year[94]. - The group reported a profit attributable to owners of the company of HKD 43,534 for the six months ended September 30, 2021, compared to HKD 22,393 for the same period in 2020, indicating a significant increase[133]. - For the six months ended September 30, 2021, the company reported a profit attributable to owners of HKD 43,534,000, compared to HKD 22,393,000 for the same period in 2020, representing an increase of 94.3%[144]. Revenue by Segment - The industrial segment generated HKD 553.7 million in revenue, accounting for 31.0% of total revenue, with a 13.0% increase year-on-year[16]. - The home appliance segment recorded revenue of HKD 352.5 million, representing an 11.0% increase from the previous year[16]. - The automotive electronics segment saw revenue growth of 19.4%, reaching HKD 350.8 million[16]. - The automotive electronics segment's revenue increased by 19.4% year-on-year to HKD 350.8 million in the first half of the 2022 fiscal year, driven by strong performance supported by the Chinese government's push for new energy vehicles[21]. - The audio-visual segment reported revenue of HKD 120.2 million, a growth of 6.9% compared to the same period last year, benefiting from the ongoing demand for home entertainment and remote work products[22]. - The distribution segment's revenue decreased by 4.0% year-on-year to HKD 118.9 million, impacted by semiconductor supply prioritization for key growth industries[25]. - The telecommunications segment's revenue fell by 8.8% to HKD 101.8 million, with a low growth outlook prompting the company to consider reallocating resources to other growth segments[26]. - The electronic manufacturing services segment experienced a significant decline of 39.4% in revenue to HKD 77.5 million, severely affected by supply imbalances for components to small and medium manufacturers[27]. - The lighting segment's revenue remained stable, slightly decreasing by 6.4% to HKD 60.9 million, benefiting from the recovery of economic activities[28]. - Other segments saw a revenue increase of 9.6% to HKD 49.5 million, attributed to a recovery in consumer spending compared to the previous year's lockdown[29]. Challenges and Opportunities - The company faced challenges due to global semiconductor supply shortages, impacting production timelines for many manufacturers[15]. - The company plans to leverage its strong supplier relationships to meet customer demand and capitalize on growth opportunities in the industrial and home appliance sectors[15][19]. - The company is positioned to benefit from government policies aimed at stimulating domestic consumption and promoting energy-efficient products[20]. - The company anticipates that the Chinese economy has significant growth potential despite current challenges, supported by government economic and business support policies[52]. Financial Position - As of September 30, 2021, the total borrowings and debt securities amounted to HKD 588,987 thousand, with secured borrowings at HKD 48,191 thousand and unsecured borrowings at HKD 540,796 thousand[46]. - The net asset liability ratio as of September 30, 2021, was 26.7%, a decrease from 39.6% as of March 31, 2021, primarily due to an increase in cash reserves and shareholder equity[51]. - The company has no contingent liabilities as of September 30, 2021, maintaining a stable financial position[57]. - The company’s total assets amounted to HKD 1,769,836,000, an increase from HKD 1,640,785,000 as of March 31, 2021, representing a growth of approximately 7.85%[96]. - Current assets totaled HKD 1,467,679,000, up from HKD 1,334,036,000, indicating an increase of about 10%[96]. - Cash and cash equivalents significantly rose to HKD 399,405,000 from HKD 216,923,000, reflecting an increase of approximately 84.3%[96]. - Current liabilities increased to HKD 1,018,105,000 from HKD 910,764,000, marking a rise of about 11.8%[99]. - The company's equity attributable to owners increased to HKD 708,172,000 from HKD 687,101,000, showing a growth of approximately 3.2%[99]. - The total liabilities and equity amounted to HKD 1,769,836,000, consistent with total assets, indicating a balanced financial position[99]. Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2021, was HKD 69,961,000, compared to HKD 32,974,000 for the same period in 2020, representing a significant increase of 112%[106]. - The net cash used in investing activities was HKD (2,639,000), which included purchases of property, plant, and equipment amounting to HKD (2,714,000) for the six months ended September 30, 2021[106]. - The net cash generated from financing activities was HKD 114,165,000, compared to a net cash used of HKD (51,750,000) in the same period last year, indicating a turnaround in financing cash flow[106]. - The total cash and cash equivalents at the end of the period increased to HKD 399,405,000 from HKD 249,177,000 in the previous year, marking a growth of 60.3%[106]. - The company reported a significant increase in cash flow from operations, which does not include the discounting of customer notes receivable amounting to HKD 48,896,000[106]. Shareholder Information - As of September 30, 2021, the total issued shares of the company were 85,207,049[73]. - Ms. Cheng holds a total of 21,945,077 shares, representing approximately 25.76% of the company's equity[68]. - Max Power owns 19,909,813 shares, accounting for 23.37% of the total equity[68]. - Mr. Guo holds 8,722,509 shares, which is about 10.24% of the company's equity[68]. - The employee stock option plan III was adopted on July 30, 2013, and is set to expire on July 29, 2023[77]. - As of September 30, 2021, there were 4,507,000 unexercised stock options remaining from the employee stock option plan III[80]. - The exercise price for the stock options granted under the plan ranges from HKD 2.61 to HKD 3.91 per share[80]. - The company did not repurchase any of its listed securities during the six months ending September 30, 2021[82]. - No major shareholders or directors held any additional shares or interests that required disclosure under the Securities and Futures Ordinance as of September 30, 2021[73]. Governance and Compliance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and compliance[88]. - The board is planning to review its composition to align with the Singapore Corporate Governance Code, particularly regarding the independence of the chairman[84]. - The company has adopted the Hong Kong Standard Code for securities trading by directors, ensuring compliance with established governance standards[87]. - The company’s financial statements were prepared in accordance with International Financial Reporting Standards, ensuring compliance and transparency in financial reporting[110]. Employee Information - The company employs 359 full-time employees as of September 30, 2021, with 32.9% in Hong Kong, 63.7% in China, and the remainder in Taiwan[56]. - Employee costs, excluding directors' remuneration, amounted to HKD 59,012,000, an increase from HKD 54,931,000 in the previous year, marking an increase of 7.4%[139]. - The short-term benefits for directors and key management personnel increased to HKD 8,830,000 from HKD 7,357,000 year-on-year, representing a growth of 20%[190]. - The total compensation for directors and key management personnel for the six months ended September 30, 2021, was HKD 9,566,000, an increase from HKD 8,058,000 in the previous year[190].

Financial Performance - Total revenue for the fiscal year ended March 31, 2021, was HKD 3,557.9 million, a decrease of 8.4% compared to HKD 3,883.6 million in the previous year[44]. - Shareholders' profit for the same period was HKD 92.5 million, a significant recovery from a loss of HKD 72.6 million in the previous year[44]. - Basic earnings per share increased to HKD 1.08, compared to a loss of HKD 0.71 in the previous year[45]. - For the fiscal year 2021, the company reported a net profit of HKD 92.5 million, reversing the loss from the previous fiscal year[53]. - Revenue increased by 12.1% year-on-year to HKD 3,557.9 million, driven by strong performance in industrial, home appliance, and automotive electronics segments[53]. - The automotive electronics segment achieved a remarkable year-on-year growth of 31.0%, reaching HKD 636.4 million, benefiting from increased electronic component content in vehicles[53]. - The industrial segment's revenue grew by 19.3% year-on-year to HKD 1,049.7 million, supported by higher demand for communication devices and electronic products[56]. - The home appliance segment saw a year-on-year increase of 3.0% in revenue, totaling HKD 662.8 million, due to rising consumer demand[56]. - The distribution segment experienced a year-on-year revenue decline of 8.6% due to supply chain challenges related to chip shortages[56]. - The telecommunications segment's revenue declined by 12.8% year-on-year to HKD 244.5 million, impacted by delays in the launch of 5G services[76]. - The audio-visual segment's revenue increased by 18.9% year-on-year to HKD 242.7 million, driven by heightened demand for electronic products during the pandemic[77]. - The electronic manufacturing services segment saw an 11.9% year-on-year revenue growth, reaching HKD 235.6 million, benefiting from China's recovery in business activities[78]. - The lighting segment's revenue grew by 19.2% year-on-year to HKD 136.0 million, supported by strong export orders following the pandemic recovery in China[79]. - Other segments experienced a revenue increase of 24.4% year-on-year, reaching HKD 88.6 million, due to high spending on electronic products during the pandemic[80]. - The group recorded a profit attributable to shareholders of HKD 92.5 million for the fiscal year 2021, a significant recovery from a loss of HKD 72.6 million in fiscal year 2020[66]. Assets and Liabilities - The company's total assets as of March 31, 2021, were HKD 3,557.9 million, down from HKD 4,556.4 million in 2019[29]. - The company reported a net asset liability of HKD 1,626.1 million, a decrease from HKD 2,083.1 million in 2020[33]. - The company’s total assets for the fiscal year 2021 were HKD 1,640.8 million, with total liabilities of HKD 953.7 million[48]. - Shareholders' equity increased to HKD 687.1 million in fiscal year 2021, compared to HKD 570.7 million in fiscal year 2020[48]. - The net asset to liability ratio improved to 39.6% as of March 31, 2021, down from 70.8% a year earlier, due to reduced loans and increased shareholder equity[57]. - The net asset liability ratio as of March 31, 2021, was 39.6%, a decrease from 70.8% as of March 31, 2020, due to reduced borrowings and increased equity[102]. Strategic Initiatives - The company plans to expand its logistics network in mainland China to enhance operational efficiency and customer service[2]. - New product development initiatives are underway, focusing on innovative electronic components to meet market demand[2]. - The company plans to allocate more resources to the automotive electronics segment to enhance collaboration with customers and expand applications[53]. - The company anticipates continued strong demand in sectors benefiting from China's economic recovery, including smart home appliances and energy-efficient consumer goods[58]. - The global semiconductor chip shortage is expected to persist until the second quarter of 2022, impacting manufacturing and production in various industries[59]. - The company will continue to manage resources prudently and focus on sustainable growth amid ongoing market volatility due to the pandemic[61]. - The group received non-recurring subsidies from the Hong Kong government's Employment Support Scheme and reductions in corporate social insurance fees from the Chinese government, contributing to its recovery[66]. Corporate Governance - The company has adopted the Singapore Corporate Governance Code 2018 and complies with the Hong Kong Listing Rules regarding corporate governance practices[124]. - The company plans to ensure that all three main board committees (Audit, Nomination, and Remuneration) are composed entirely of independent directors as an additional check on management[125]. - The company has acknowledged discrepancies in board composition with the Singapore Corporate Governance Code and is taking steps to address these issues[126]. - The company has a strong focus on internal control systems and risk management, led by the General Manager of Risk Management[117]. - The company is committed to maintaining transparency and accountability in its operations, aligning with the interests of shareholders[124]. - The board has established five committees to oversee specific areas, including audit, nomination, remuneration, employee share option plan, and compliance[133]. - The company has implemented a service agreement for executive directors with a term of up to three years[139]. - The company has arranged training for new directors to familiarize them with business operations and governance practices[137]. - The board's meetings included discussions on significant transactions, ensuring that directors with conflicts of interest abstain from voting[144]. - The company has a policy for appointing directors to fill temporary vacancies, ensuring compliance with the Hong Kong Corporate Governance Code[140]. - The company encourages all directors and senior management to participate in continuous professional development, with costs covered by the company[137]. - The board has received annual independence confirmations from all current independent non-executive directors, affirming their independence[131]. - The company has a structured succession planning process for board members to ensure compliance with governance codes[125]. Employee and Market Engagement - The group employed 361 full-time employees as of March 31, 2021, down from 377 the previous year, with 33.0% in Hong Kong and 63.6% in China[106]. - The company emphasizes the importance of stakeholder engagement, including employees, shareholders, customers, and suppliers, to address significant concerns in environmental, social, and governance performance[194]. - The company allows shareholders holding at least 10% of the paid-up capital to request a special general meeting, with proper notice to be issued if the request is valid[200]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12% based on current market trends and user acquisition strategies[113]. - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on innovative semiconductor solutions[113]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[113]. - A strategic acquisition of a local competitor is anticipated to enhance the company's product offerings and customer base, expected to close by Q3 2021[113]. - Research and development expenditures increased by 30% to HKD 150 million, emphasizing the commitment to technological advancements[113]. - The company plans to implement a new marketing strategy aimed at increasing brand awareness, with a budget allocation of HKD 50 million for the upcoming year[113].

Financial Performance - For the six months ended September 30, 2020, the company reported revenue of HKD 1,687.2 million, a slight increase of 0.9% compared to HKD 1,672.4 million for the same period in 2019[17]. - Gross profit for the same period was HKD 137.1 million, representing a significant increase of 38.2% from HKD 99.2 million in the previous year[17]. - The company achieved a profit attributable to owners of HKD 22.4 million, a turnaround from a loss of HKD 55.8 million in the prior year[21]. - Basic earnings per share improved to HKD 26.28, compared to a loss per share of HKD 65.51 in the previous year[17]. - The company reported a profit before tax of HKD 25,136 thousand, a turnaround from a loss of HKD 55,558 thousand in the previous year[102]. - Net profit for the period was HKD 22,393 thousand, compared to a loss of HKD 55,820 thousand in 2019, marking a substantial recovery[102]. - Other income surged 186.7% to HKD 4.6 million, primarily from government subsidies under the employment support scheme[38]. - The company reported a net cash outflow of HKD 17,411,000 for the period, an improvement from a net outflow of HKD 63,125,000 in the previous year[116]. Revenue Breakdown - The industrial sector contributed HKD 489.9 million, accounting for 29.0% of total revenue, while the home appliance sector contributed HKD 317.5 million, or 18.8%[23]. - The automotive electronics segment generated HKD 293.7 million, representing 17.4% of total revenue[23]. - The industrial market segment generated revenue of HKD 489,882,000, up 7.4% from HKD 455,886,000 in the prior year[126]. - The automotive electronics segment saw a revenue increase of 18.5%, reaching HKD 293,724,000 compared to HKD 247,827,000 in the previous year[126]. - The home appliance segment generated revenue of HKD 317.5 million, up 4.2% compared to the same period last year, benefiting from government policies promoting energy-efficient appliances[26]. - The electronic manufacturing services segment recorded a 14.6% year-on-year increase in revenue to HKD 127.9 million, leveraging capacity to fulfill export orders[30]. - The distribution segment's revenue decreased by 24.6% to HKD 123.9 million due to an uncertain operating environment[31]. - The audio-visual segment's revenue fell 9.0% to HKD 112.4 million, but is expected to see steady demand as home entertainment needs rise[32]. - The telecommunications segment's revenue declined 32.7% to HKD 111.6 million, impacted by market saturation and delays in 5G service rollout[33]. - The lighting segment's revenue increased by 12.8% to HKD 65.1 million, benefiting from home quarantine orders during the pandemic[34]. Cost and Expenses - The cost of sales for the period was HKD 2,146,796,000, compared to HKD 2,022,725,000 in the previous year, indicating an increase in operational costs[132]. - The administrative expenses for the period were HKD 89,094,000, slightly lower than HKD 98,290,000 in the previous year, reflecting cost control measures[132]. - The company incurred financing costs of HKD 10,754,000, which is a decrease from HKD 19,310,000 in the previous year, suggesting improved financial management[132]. Assets and Liabilities - Total assets as of September 30, 2020, amounted to HKD 1,713,132 thousand, an increase from HKD 1,626,050 thousand as of March 31, 2020[104]. - Trade receivables increased to HKD 834,373 thousand from HKD 660,912 thousand, reflecting a growth of 26.1%[104]. - Current liabilities rose to HKD 1,074,412 thousand from HKD 1,020,218 thousand, indicating an increase of 5.3%[107]. - The company’s cash and cash equivalents decreased to HKD 249,177 thousand from HKD 264,839 thousand, a decline of 5.9%[104]. - The group’s trade payables as of September 30, 2020, totaled HKD 401,769,000, an increase from HKD 305,928,000 as of March 31, 2020[182]. Employee and Management - As of September 30, 2020, the group employed 369 full-time employees, a decrease from 377 on March 31, 2020, with 33.6% in Hong Kong and 63.0% in China[64]. - The group has implemented a talent recruitment and retention strategy, including regular training programs and performance-linked compensation[64]. - The group’s short-term benefits for directors and key management personnel for the six months ended September 30, 2020, were HKD 7,357,000, a decrease from HKD 8,099,000 in the previous year[196]. Corporate Governance - The company adhered to the corporate governance codes of Hong Kong and Singapore, confirming compliance with all provisions except for specific exceptions noted[91]. - The audit committee, composed entirely of independent non-executive directors, reviewed the unaudited interim results for the six months ending September 30, 2020[95]. - The company has implemented sufficient measures to ensure adequate corporate governance practices regarding the appointment, retirement, and re-election of directors[91]. - The board composition is noted to have sufficient diversity in skills, experience, and knowledge, despite some discrepancies with the Singapore corporate governance code[91]. Market Outlook - The company anticipates significant growth potential in the Chinese economy, despite challenges from the ongoing COVID-19 pandemic and deteriorating US-China relations[60]. - The company has focused on expanding its market presence in South China, North China, and Taiwan, with a strategic emphasis on electronic component trading[129]. - The company continues to explore new product development and market expansion strategies to enhance its competitive position in the electronic components industry[129].

Financial Performance - For the fiscal year ending March 31, 2020, the company reported a revenue of HKD 670.6 million, a decrease from HKD 716.1 million in the previous year, representing a decline of approximately 6.5%[28]. - The shareholders' profit (loss) for the same period was a loss of HKD 72.6 million, compared to a profit of HKD 37.5 million in the previous year, indicating a significant downturn[44]. - The total assets of the company as of March 31, 2020, were HKD 3,642.2 million, down from HKD 3,883.6 million in 2019, reflecting a decrease of about 6.2%[33]. - The company’s net asset value per share decreased to HKD 1,626.1 from HKD 2,083.1 in the previous year, a decline of approximately 21.9%[31]. - The company’s basic earnings per share for the fiscal year was a loss of HKD 22.36, compared to a profit of HKD 133.67 in the previous year, indicating a substantial decline in profitability[32]. - Revenue for the fiscal year ending March 31, 2020, decreased by 13.9% to HKD 3,175.3 million compared to the previous year[56]. - The company reported a loss attributable to shareholders of HKD 72.6 million for the fiscal year 2020[56]. - Gross profit for the fiscal year 2020 was HKD 206.2 million, down from HKD 327.5 million in 2019[53]. - The gross profit margin decreased from 8.9% in FY2019 to 6.5% in FY2020, attributed to weak demand and aggressive price competition[79]. - The company reported a significant increase in revenue for the fiscal year, with a year-over-year growth of 15%[113]. - The company reported a net profit margin of 12%, reflecting improved operational efficiency[113]. Revenue Breakdown - The revenue breakdown by industry application for the fiscal year ending March 31, 2020, showed that telecommunications accounted for 20%, followed by industrial at 15% and automotive electronics at 9%[38]. - The industrial segment remains the largest revenue source, contributing HKD 879.7 million in sales, a decrease of 10.2% year-on-year[69]. - The home appliance segment saw an 18.8% increase in revenue to HKD 643.6 million, driven by a focus on inverter applications and support for domestic demand[70]. - The automotive electronics segment's revenue increased by 8.4% year-on-year to HKD 485.7 million, supported by solutions for manufacturers to enhance vehicle performance[71]. - The distribution segment experienced a 19.7% decline in revenue to HKD 286.2 million, impacted by market uncertainties and weakened purchasing power due to currency depreciation[72]. - The telecommunications segment recorded the largest revenue decline of 59.0% year-on-year, down to HKD 280.2 million in FY2020[73]. - The electronic manufacturing services segment's revenue decreased by 2.8% year-on-year to HKD 210.5 million, impacted by the U.S.-China trade conflict[75]. - The audio-visual segment's revenue fell by 20.5% year-on-year to HKD 204.2 million due to weak demand in the U.S. and European consumer electronics markets[76]. - The lighting segment's revenue increased by 9.5% year-on-year to HKD 114.0 million, driven by domestic market projects in China[77]. - Other segments saw a revenue decline of 30.4% year-on-year to HKD 71.2 million, primarily due to weak consumer confidence[78]. Cost Management - The company is focused on maintaining healthy inventory and cash flow levels, which has contributed to its robust financial performance and strong profitability record[2]. - Inventory levels were reduced by 45.8% to HKD 375.1 million as of March 31, 2020, down from HKD 689.9 million the previous year[56]. - The company experienced a significant reduction in distribution costs, which fell to HKD 29.1 million in 2020 from HKD 43.1 million in 2019[53]. - Distribution costs decreased by 32.5% to HKD 29.1 million, reflecting reduced sales incentives and travel expenses[82]. - Administrative expenses fell by 14.2% to HKD 188.7 million due to cost control measures and a decrease in average headcount[83]. - The company has implemented cost-cutting measures and reduced employee numbers to mitigate economic downturn risks[60]. Market Strategy and Expansion - The company has plans for market expansion, particularly in Taiwan, to capitalize on opportunities arising from large electronic manufacturers operating in China[2]. - The company is prepared to adapt to new market trends and collaborate with customers to enhance automation and improve electronic content in products and solutions[65]. - The company is actively preparing to address challenges posed by the COVID-19 pandemic and is committed to maintaining good liquidity while collaborating closely with stakeholders[102]. - The group has seen a significant impact on business activities due to the global economic downturn and supply chain disruptions caused by the pandemic[102]. - Market expansion plans include entering two new international markets, aiming for a 5% market share within the first year[113]. - The company is considering strategic acquisitions to enhance its product offerings, with a budget of $30 million earmarked for potential acquisitions[113]. Corporate Governance - The company has maintained compliance with the corporate governance codes of both Hong Kong and Singapore, ensuring adherence to all principles as of March 31, 2020[123]. - The board consists of nine members, with five executive directors and four independent non-executive directors, ensuring a balanced governance structure[125]. - The company has appointed a chief independent director to lead in situations where the chairman may have conflicts of interest, enhancing governance transparency[125]. - The company has a history of strong corporate governance practices since its listing on the Hong Kong Stock Exchange in December 2013, reflecting its commitment to shareholder interests[123]. - The board believes its current size is adequate for effective decision-making, indicating a streamlined governance approach[126]. - The company has ensured that at least one independent non-executive director possesses appropriate professional qualifications in finance or accounting, aligning with regulatory requirements[128]. - The independent non-executive directors have confirmed their independence annually, reinforcing the board's integrity and governance standards[128]. - The company has a robust nomination committee that assesses the independence of long-serving directors, ensuring continued effective contributions to the board[128]. - The company has implemented sufficient measures to ensure its corporate governance practices are adequate and effective[123]. - The board of directors is responsible for the overall management of the company, including approving major operational and financial matters such as mergers and acquisitions[131]. Risk Management - The board is committed to identifying significant business risks and implementing appropriate measures to control and mitigate these risks[192]. - The internal audit function has been outsourced to an external consulting firm, Roshan Mei Consulting, since September 27, 2019, to ensure cost-effective reviews of internal controls and risk management systems[193]. - The board believes that the internal control and risk management systems are sufficient to effectively address operational, financial, compliance, and information technology risks[195]. - The internal control system aims to provide reasonable assurance regarding the integrity and reliability of financial information, safeguarding shareholder investments, and managing risks to achieve business objectives[195]. - The company has adopted an insider information policy to handle and disclose insider information in compliance with applicable laws and regulations[200].

Revenue Performance - The company reported a revenue of HKD 1,672.4 million for the six months ended September 30, 2019, a decrease of 22.4% compared to HKD 2,154.8 million in the same period of 2018[13]. - Total revenue for the six months ended September 30, 2019, was HKD 1,672,407,000, a decrease from HKD 2,154,825,000 for the same period in 2018, representing a decline of approximately 22.3%[173]. - The industrial segment remains the largest revenue source, generating HKD 455.9 million, a decrease of 18.0% from the previous year[22]. - The automotive electronics segment saw a revenue increase of 4.9% to HKD 247.8 million, despite a decline in overall vehicle sales in China[24]. - The telecommunications segment experienced a significant drop in revenue, contributing HKD 166.0 million, down 64.4% year-on-year, due to market saturation and loss of a key project[25]. - The home appliance segment's revenue was HKD 304.8 million, a slight decrease of 0.5%, with optimism for future growth driven by increasing domestic demand[23]. - The distributor segment's revenue for the first half of the fiscal year 2020 was HKD 164.2 million, a decrease of 17.4% compared to the same period last year[26]. - The audio-visual segment's revenue for the first half of the fiscal year 2020 was HKD 123.5 million, down 21.2% year-on-year, primarily due to weak demand in the European and American markets[29]. - The electronic manufacturing services segment's revenue decreased by 5.8% to HKD 111.6 million in the first half of fiscal year 2020[30]. - The lighting segment's revenue fell by 2.5% to HKD 57.7 million, with customers focusing more on domestic demand and high-end applications[31]. Profitability and Loss - Gross profit fell to HKD 99.2 million, down 52.1% from HKD 207.2 million year-on-year, primarily due to weak demand and price competition[13]. - The company recorded a loss attributable to shareholders of HKD 55.8 million, compared to a profit of HKD 6.7 million in the previous year, indicating a significant decline in performance[17]. - The overall gross margin decreased from 9.6% in the first half of fiscal year 2019 to 5.9% in the first half of fiscal year 2020, attributed to weak demand and price competition[33]. - The company reported a loss before tax of HKD 55,558 thousand, compared to a profit of HKD 14,155 thousand in the previous year, reflecting a significant downturn[104]. - Basic and diluted loss per share for the period was HKD 65.51, compared to earnings of HKD 7.97 in the same period last year[104]. - Total comprehensive loss attributable to owners of the company was HKD 67,886 thousand, compared to a total comprehensive income of HKD 15,237 thousand in the prior year[104]. Cash Flow and Financial Position - The company's cash balance decreased by HKD 66.0 million, primarily due to cash outflows from investing and financing activities[44]. - The net cash generated from operating activities for the six months ended September 30, 2019, was HKD 135,705 thousand, a significant improvement from a net cash used of HKD (194,209) thousand in the same period of 2018[115]. - The net cash used in investing activities was HKD (3,165) thousand, compared to HKD (20,641) thousand in the previous year, indicating a reduction in cash outflow[115]. - The net cash used in financing activities amounted to HKD (1,095,675) thousand, down from HKD (1,557,765) thousand in the prior year, reflecting a decrease in debt repayments[115]. - The total cash and cash equivalents at the end of the period were HKD 231,465 thousand, down from HKD 296,209 thousand at the end of the previous year[115]. - The company paid dividends of HKD (17,041) thousand, compared to HKD (32,534) thousand in the previous year, indicating a reduction in dividend payouts[115]. Market Conditions and Risks - The overall decline in revenue is attributed to market uncertainties and the impact of the prolonged US-China trade tensions[18]. - The company is monitoring potential risks in the telecommunications sector due to uncertainties in mobile applications[25]. - The group anticipates that the ongoing trade tensions and resulting tariffs will continue to impact the global economy negatively[55]. - The growth rate of the Chinese economy slowed to 6.0% in Q3 2019, down from 6.2% in Q2 2019, marking the lowest quarterly growth rate in 27 years[55]. - The group has a cautious approach to managing its business and maintaining good liquidity in light of significant macroeconomic risks[55]. Employee and Corporate Governance - The board of directors has linked employee compensation and rewards to performance, aiming to retain and develop talent[59]. - The company did not declare an interim dividend for the six months ended September 30, 2019, as it plans to retain cash for business operations[57]. - The company has complied with all provisions of the Corporate Governance Code as set out in the Hong Kong Listing Rules during the reporting period[96]. - The company’s audit committee, composed of three independent non-executive directors, reviewed the interim results for the six months ended September 30, 2019[98]. Accounting Policies and Changes - The company has adopted new accounting standards, including IFRS 16 on leases, which may impact future financial reporting[128]. - The company has adopted IFRS 16, resulting in significant changes to accounting policies regarding leases, including the recognition of right-of-use assets and lease liabilities[139]. - The company has classified right-of-use assets that do not meet the definition of investment property as separate items in the financial statements[139]. - The company will depreciate right-of-use assets over the shorter of the estimated useful life or the lease term[136]. - The company has applied the exemption for leases with a term of 12 months or less, not recognizing right-of-use assets and lease liabilities for these leases[150]. Shareholder Information - As of September 30, 2019, the total issued shares of the company were 85,207,049[77]. - Ms. Cheng holds a total of 21,945,077 shares, representing approximately 25.76% of the company's equity[72]. - Max Power holds 19,909,813 shares, accounting for 23.37% of the total equity[72]. - Global Success, fully owned by Mr. Guo, has 8,685,109 shares, which is 10.19% of the total equity[75]. - Yeo Seng Chong and Lim Mee Hwa each have a combined total of 7,819,684 shares, representing 9.18% of the total equity[72]. - Yeoman Capital Management Pte Ltd holds 6,939,684 shares, which is 8.14% of the total equity[72]. - Yeoman 3-Rights Value Asia Fund directly owns 6,719,684 shares, accounting for 7.89% of the total equity[76]. - Hong Yu Cai holds 5,614,309 shares, representing 6.59% of the total equity[72].