MODERN HEALTHCARE TECHNOLOGY HOLDINGS LIMITED （現 代 健 康 科 技 控 股 有 限 公 司） （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股 份 代 號：919） 截至二零二五年三月三十一日止年度 全年業績公佈 現 代 健 康 科 技 控 股 有 限 公 司（「本 公 司」）董 事 會（「董 事 會」）欣 然 宣 佈 本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」）於 截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度（「二 零 二 五 年 財 政 年 度」或「回 顧 年 度」）的 綜 合 業 績 連 同 截 至 二 零 二 四 年 三 月 三 十 一 日 止 年 度（「二 零 二 四 年 財 政 年 度」）之 比 較 數 字 如 下。截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度 的 綜 合 業 績 已 由 本 公 司 審 核 委 員 會 審 閱。 綜合損益表 截至二零二五年三月三十一日止年度 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容 概 不 負 責，對 其 準 確 性 或 完 ...

Revenue Performance - Total revenue for the six months ended September 30, 2024, was HKD 224,248,000, representing a 6.1% increase from HKD 211,343,000 in the same period last year[9]. - Revenue from beauty and facial care services was HKD 157,891,000, accounting for 70.4% of total revenue, up 9.3% from HKD 144,447,000[9]. - Revenue from body slimming services was HKD 43,580,000, representing 19.4% of total revenue, an increase of 1.7% from HKD 42,846,000[9]. - Revenue from skincare and health products decreased by 6.5% to HKD 15,386,000, accounting for 6.9% of total revenue[9]. - The company reported a basic loss per share of HKD 1.80, improved from HKD 3.18 in the previous year[82]. - The group reported a revenue of HKD 224,248,000 for the six months ended September 30, 2024, compared to HKD 211,343,000 for the same period in 2023, representing a growth of approximately 6.1%[101]. Financial Position - As of September 30, 2024, the total equity of the group was HKD 180,327,000, with cash and bank balances amounting to HKD 190,924,000[23]. - The group maintained a healthy financial position, with a cash yield of approximately 1.9% in line with prudent financial policies[23]. - The total assets as of September 30, 2024, amounted to HKD 142,279,000, a decrease from HKD 146,573,000 as of March 31, 2024[119]. - The company’s total equity as of September 30, 2024, was HKD 180,327 thousand, compared to HKD 203,880 thousand at the end of the previous year, reflecting a decrease of approximately 12%[69]. - The group’s total liabilities as of September 30, 2024, were HKD 403,776,000, down from HKD 414,875,000 as of March 31, 2024[104]. Operational Highlights - The company operates 30 beauty and health service centers in Hong Kong, with a total floor area of approximately 156,090 square feet, a decrease of 5.5% from 165,100 square feet as of September 30, 2023[20]. - In Singapore, the company operates 8 centers, with revenue of HKD 24,639,000, including service revenue of HKD 20,884,000 and prepaid beauty package revenue of HKD 21,805,000, reflecting increases of 1.2% and 4.7% respectively[18]. - The company has over 80 skincare products across various brands to meet diverse customer needs, aiming to expand its product sales business[5]. - The company plans to focus resources on the Hong Kong and Singapore markets, having sold two wholly-owned subsidiaries in mainland China due to underperformance[17]. Cost Management - Advertising expenses decreased to HKD 1,031,000 from HKD 1,576,000, representing 0.5% of revenue compared to 0.7% in the previous year[21]. - Depreciation expenses for other leased properties were approximately HKD 31,234,000, accounting for about 13.9% of revenue, down from 15.7% in the previous year[20]. - Employee benefit expenses decreased by approximately 4.4% to HKD 148,071,000 from HKD 154,926,000 in the same period last year[43]. - The total number of employees as of September 30, 2024, was 850, a decrease of 4.3% from 888 employees in the same period last year[43]. Loss and Improvement - The net loss for the six months ending September 30, 2024, was approximately HKD 16,125,000, compared to a net loss of HKD 28,569,000 in the same period last year, resulting in a loss per share of HKD 1.80 versus HKD 3.18 last year[23]. - The company reported a total comprehensive loss for the period of HKD 16,125,000, an improvement from a loss of HKD 28,569,000 in the same period of 2023[103]. - The pre-tax loss for the six months ended September 30, 2024, was HKD 16,302,000, a decrease from a loss of HKD 28,802,000 for the same period in 2023, indicating an improvement of approximately 43.5%[117]. Corporate Governance - The company is governed by a board of directors, including independent non-executive directors, ensuring compliance with corporate governance standards[53]. - The company maintains a strong commitment to corporate governance principles, emphasizing transparency, accountability, and independence[79]. - The board of directors has established various committees, including a remuneration committee, nomination committee, and audit committee, to enhance governance practices[79]. - The company has a comprehensive shareholding disclosure policy in line with the Securities and Futures Ordinance[55]. Future Outlook - The company plans to continue developing high-quality skincare and health products to meet market demand and explore high-tech beauty treatments[27]. - The company plans to continue expanding its service offerings and enhancing its product lines to drive future growth[116]. - The group expects improved consumer sentiment due to recent economic stimulus measures in mainland China and potential benefits from a weaker HKD against the USD[96]. - Future outlook indicates a projected revenue growth of 20% for the next fiscal year, targeting $180 million[142].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容 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 會 就因本公佈全部或任何部分內容而產生或因倚賴該等內容而引致之任何 損 失 承 擔 任 何 責 任。 MODERN HEALTHCARE TECHNOLOGY HOLDINGS LIMITED （現 代 健 康 科 技 控 股 有 限 公 司） （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：919） 截至二零二四年九月三十日止六個月 中期業績公佈 現 代 健 康 科 技 控 股 有 限 公 司（「本 公 司」）董 事 會（「董 事 會」或「董 事」）欣 然 宣 佈 本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」）截 至 二 零 二 四 年 九 月 三 十 日 止 六 個 月（「回 顧 期 間」）的 未 經 審 核 綜 合 業 績。 綜合損益表 截 至 二 零 二 四 年 九 月 三 十 日 止 六 個 月－未 經 審 核 截至九月三十日止六個月 | --- | --- | --- | --- | ...

Business Operations - The company operates 29 service centers in Hong Kong and 7 in Singapore as of March 31, 2024[13]. - The retail network under "be Beauty Shop" consists of 9 stores, focusing on high-quality skincare and wellness products[13]. - The company offers a diverse range of aesthetic services, including skin tightening and collagen stimulation treatments[12]. - The company has a strong focus on product diversification, promoting both its own brands and various partner brands in the skincare market[13]. - The company closely monitors industry trends to ensure its services and products remain aligned with market demands[9]. - The group’s main business involves providing beauty and wellness services and selling skincare and wellness products[128]. - The group’s revenue and performance primarily come from operations in Hong Kong, mainland China, and Singapore[130]. Financial Performance - The group's revenue for the fiscal year ending March 31, 2024, was approximately HKD 454.7 million, an increase of 11.9% compared to HKD 406.3 million for the fiscal year ending March 31, 2023[30]. - Revenue from prepaid beauty packages was HKD 433.5 million, up 5.2% from HKD 412.1 million in the previous fiscal year[40]. - Revenue from beauty and facial care services accounted for 69.5% of total revenue, with a total of HKD 315.8 million, reflecting a 15.0% increase from HKD 274.6 million in the previous year[39]. - The Singapore business generated revenue of HKD 50 million, an increase from HKD 45.7 million in the previous fiscal year, with service revenue of HKD 42.5 million and prepaid package sales of HKD 42.3 million[38]. - The net loss attributable to equity shareholders for fiscal year 2024 was approximately HKD 9.6 million, an improvement from a net loss of HKD 20.6 million in the previous year[47]. - The group maintained a strong financial position with cash and bank balances of approximately HKD 193.6 million, up from HKD 177.5 million in the previous fiscal year[49]. - The group plans to focus resources on the Hong Kong and Singapore markets, having sold two wholly-owned subsidiaries in mainland China due to underperformance[37]. Employee and Corporate Governance - The company emphasizes the importance of employee retention and offers competitive compensation and comprehensive training programs to enhance employee capabilities[60]. - The group employed 844 staff members as of March 31, 2024, a decrease from 876 staff members in the previous year, with total employee benefits expenses amounting to HKD 287.4 million, an increase of 4.6%[55]. - The company has established a remuneration committee to review and determine the compensation packages for directors and senior management, ensuring competitive rewards to attract and retain key executives[100]. - The board consists of three executive directors and four independent non-executive directors, ensuring a balanced composition for enhanced oversight[88]. - The company emphasizes strong corporate governance principles to enhance shareholder value, focusing on transparency, accountability, and independence[86]. Environmental and Community Initiatives - The company has been recognized for its contributions to community care, employee care, and environmental care, receiving the "Caring Company" award for 13 consecutive years[27]. - The company has been awarded the "Green Office" and "Healthy Workplace" labels for 7 consecutive years by the World Green Organization[26]. - The company became a "Bye Bye Microbead" gold partner in August 2023, enhancing its commitment to sustainability[20]. - The company has implemented various environmental measures, including a "paperless office" initiative and the use of LED lighting in retail stores to save energy[58]. Risk Management and Compliance - The company recognizes the risks associated with macroeconomic changes, regulatory updates, and market competition, which may impact its operations[64]. - The board is responsible for maintaining a robust risk management framework and ensuring effective monitoring of financial, operational, and compliance matters[110]. - The company identifies and assesses the risk of significant misstatements in consolidated financial statements due to fraud or error, and designs audit procedures to address these risks[200]. - The audit committee reviewed the group's financial reporting, risk management, and internal control systems, holding three meetings during the review year[104]. Shareholder Information - As of March 31, 2024, the company had 904,483,942 shares issued, with a market capitalization of HKD 85.9 million[73]. - The company did not declare any interim or final dividends for the fiscal year 2023/24, with both set at zero[131][133]. - The largest supplier accounted for approximately 26% of the total procurement in the fiscal year, up from 19% in the previous year, while the top five suppliers collectively represented about 46% of total procurement, compared to 39% previously[136]. - The company has not established any preferential rights for existing shareholders regarding the issuance of new shares[139]. Audit and Financial Reporting - The independent auditor, KPMG, audited the financial statements for the fiscal year 2024 and is eligible for reappointment at the upcoming annual general meeting[173]. - The audit identified revenue recognition as a key audit matter due to the risk of manipulation in timing to meet specific targets or expectations[185]. - The audit procedures included comparing deferred revenue report details with original invoices and customer confirmation records to assess the accuracy of revenue recognition[186]. - The group’s financial statements were prepared in accordance with Hong Kong Financial Reporting Standards and the Companies Ordinance[196].

Revenue Growth - Revenue from beauty and wellness services increased to HKD 419,688 thousand in 2024 from HKD 373,444 thousand in 2023, representing a growth of 12.4%[4] - Sales of skincare and wellness products rose to HKD 35,018 thousand in 2024, up from HKD 32,883 thousand in 2023, marking an increase of 6.5%[4] - Total revenue for the group reached HKD 454,706 thousand in 2024, compared to HKD 406,327 thousand in 2023, reflecting an overall growth of 11.9%[4] - The geographical breakdown of revenue shows that Hong Kong contributed HKD 399,381 thousand in 2024, up from HKD 350,572 thousand in 2023, an increase of 13.9%[12] - Revenue from prepaid beauty package sales was HKD 433.5 million, up 5.2% from the previous year's HKD 412.1 million[99] - Revenue generated from services and prepaid beauty packages for the fiscal year was HKD 372.7 million and HKD 386.1 million, respectively, representing increases of 14.0% and 5.9% compared to the previous year[101] - Singapore's business revenue for fiscal year 2024 was HKD 50 million, compared to HKD 45.7 million in the previous year, marking an increase of 7.1%[104] - Revenue from beauty and wellness services in Singapore was HKD 42.5 million, up from HKD 37.7 million, reflecting a growth of 12.5%[104] Financial Performance - The group reported a loss of HKD 8,626 thousand in 2024, an improvement from a loss of HKD 20,126 thousand in 2023[9] - The operating loss for the fiscal year 2024 was HKD 4,415 thousand, improving from a loss of HKD 11,917 thousand in the previous year[29] - The company reported a net loss of HKD 8,626 thousand for the fiscal year 2024, compared to a net loss of HKD 20,126 thousand in the previous year, indicating a significant reduction in losses[29] - The group recorded a loss before tax of HKD 9,571,000 for the year ending March 31, 2024, compared to a loss of HKD 20,607,000 in the previous year[76] - The net loss attributable to equity shareholders for the fiscal year 2024 was approximately HKD 9,600,000, compared to a net loss of HKD 20,600,000 for fiscal year 2023, indicating a significant improvement[123] Assets and Liabilities - Total assets increased to HKD 611,036 thousand in 2024 from HKD 561,349 thousand in 2023, indicating a growth of 8.8%[9] - Reportable segment assets rose to HKD 571,637 thousand in 2024, compared to HKD 512,820 thousand in 2023, showing an increase of 11.5%[9] - Reportable segment liabilities increased to HKD 414,875 thousand in 2024 from HKD 354,277 thousand in 2023, representing a rise of 17.0%[10] - The company’s total liabilities increased to HKD 361,151 thousand in 2024 from HKD 342,502 thousand in 2023, indicating a rise in financial obligations[46] - The group’s total liabilities included bank borrowings of HKD 1,000,000 as of March 31, 2024, compared to no borrowings in the previous year[125] Operational Efficiency - Depreciation and amortization expenses decreased to HKD 76,634 thousand in 2024 from HKD 87,235 thousand in 2023, contributing to reduced operating costs[28] - Employee benefits expenses increased by 4.6% to HKD 287.4 million, while depreciation expenses for other leased properties decreased by 7.6% to HKD 66.4 million[99] - The group’s depreciation for other leased properties was approximately HKD 66,400,000, accounting for about 14.6% of total revenue, down from 17.7% in fiscal year 2023[137] Market Strategy - The company plans to continue expanding its beauty and health services, focusing on new product development and market expansion strategies[39] - The group plans to focus resources on the Hong Kong and Singapore markets, selling two wholly foreign-owned enterprises in mainland China[116] - The group aims to enhance customer satisfaction and brand recognition through careful and steady expansion of its Singapore business[118] - The group plans to continue expanding its business in Singapore, having opened a second GIG Café in November 2023[131] Compliance and Governance - The board of directors approved the annual results after review by the audit committee, ensuring compliance with applicable regulations[60] - The group has implemented new and revised Hong Kong Financial Reporting Standards during the accounting period, affecting financial statement presentation and disclosures[69] - The group is committed to adhering to the Hong Kong Financial Reporting Standards and has made significant judgments and estimates that impact the financial statements[68] - The group’s independent auditor confirmed that the financial statements for the year ending March 31, 2024, align with the consolidated financial statements presented[180] Employee and Training - The group employed 844 staff as of March 31, 2024, a decrease from 876 staff on March 31, 2023[145] - The group is committed to maintaining a competitive compensation structure to retain employees and enhance their capabilities through comprehensive training programs[166] - The group acquired 100% ownership of Singapore Spa Institute Pte. Ltd. in November 2023, enhancing its training and consulting capabilities in the spa industry[162] Environmental and Regulatory Considerations - The group emphasizes compliance with environmental standards and has implemented various eco-friendly measures in its operations[148] - The group is closely monitoring foreign exchange risks, particularly with the Renminbi, Singapore Dollar, and Australian Dollar[153] - The group faces regulatory and political risks, particularly due to updates in Hong Kong laws, as its business primarily operates in Hong Kong and is expanding into mainland China, which introduces additional regulatory and political uncertainties[170] Shareholder Communication - The board believes effective communication and timely information disclosure enhance shareholder and investor confidence, facilitating constructive feedback and opinions for future corporate development[169] - The annual general meeting is scheduled for August 28, 2024, with a suspension of share registration from August 23 to August 28, 2024[155] - The annual report and notice of the annual general meeting will be sent to shareholders around July 26, 2024[181]

Revenue Performance - The company's revenue for the six months ended September 30, 2023, decreased by 6.3% to HKD 211,343,000 compared to HKD 225,588,000 in the same period last year[12]. - Service revenue from beauty and facial care decreased by 6.5% to HKD 144,447,000, while body slimming service revenue decreased by 8.0% to HKD 42,846,000[13]. - Revenue from prepaid beauty packages increased by 15.6% to HKD 198,398,000, while service revenue in Hong Kong was HKD 171,582,000, a decrease of 8.7%[8]. - In mainland China, service revenue decreased by 40.6% to HKD 2,669,000, while revenue from prepaid beauty packages increased by 9.7% to HKD 3,153,000[9]. - Total revenue for the six months ended September 30, 2023, was HKD 211,343,000, a decline of 6.3% compared to HKD 225,588,000 in 2022[84]. - Revenue from beauty and wellness services decreased to HKD 194,885,000 for the six months ended September 30, 2023, down 7.0% from HKD 210,394,000 in the same period of 2022[84]. - Total revenue from prepaid beauty package sales amounted to HKD 222,378,000 for the period, while revenue recognized from beauty and wellness services was HKD (194,885,000)[103]. Financial Performance - The company reported a net loss of approximately HKD 28,569,000 for the six months ending September 30, 2023, compared to a net profit of HKD 40,960,000 in the same period last year, resulting in a loss per share of HKD 3.18 versus a profit per share of HKD 4.49[21]. - The company reported a loss of HKD 28,569,000 for the period, compared to a profit of HKD 40,960,000 in the previous year, indicating a significant decline in performance[59]. - Basic and diluted loss per share for the period was HKD 3.18, down from earnings of HKD 4.49 per share in the same period last year[59]. - Operating loss for the period was HKD 29,632,000, compared to an operating profit of HKD 49,167,000 in the previous year, reflecting operational challenges[59]. - The company reported a pre-tax loss of HKD 28,802,000 for the six months ended September 30, 2023, compared to a profit of HKD 40,655,000 in the same period of 2022[90]. - Total comprehensive income for the period was HKD (30,075,000), down from HKD 38,864,000 year-over-year[60]. - The company incurred financial expenses of HKD 3,023,000, compared to HKD 905,000 in the previous year, indicating increased financial costs[59]. Expenses and Liabilities - Employee benefits expenses increased by approximately 27.0% to HKD 154,926,000, with a total of 888 employees as of September 30, 2023, up 0.5% from 884 employees last year[15]. - Depreciation expenses for other leased properties were approximately HKD 33,107,000, accounting for about 15.7% of revenue[17]. - Current liabilities rose to HKD 393,774,000, compared to HKD 342,502,000 at the end of March 2023, indicating an increase of about 15%[62]. - Total liabilities increased to HKD 456,928,000 as of September 30, 2023, from HKD 357,469,000 as of March 31, 2023, reflecting a rise of 28.0%[82]. - Rental liabilities increased significantly to HKD 62,548,000 from HKD 14,333,000, indicating a rise of approximately 337%[64]. Assets and Equity - As of September 30, 2023, the total equity was HKD 173,805,000, with cash and bank balances amounting to HKD 204,664,000, an increase from HKD 177,530,000 as of March 31, 2023, with no bank borrowings[23]. - Non-current assets increased to HKD 263,672,000 as of September 30, 2023, from HKD 179,462,000 as of March 31, 2023, reflecting a growth of approximately 46.8%[62]. - Total assets as of September 30, 2023, amounted to HKD 583.57 million, an increase from HKD 512.82 million as of March 31, 2023[80]. - The company’s equity attributable to shareholders decreased to HKD 169,462,000 from HKD 199,770,000, a decline of about 15.2%[64]. Corporate Governance and Management - The company adheres to good corporate governance principles, emphasizing transparency, accountability, and independence[45]. - The company has established various committees, including the Audit Committee, which is composed entirely of independent non-executive directors to enhance governance[49]. - The company aims to attract and retain key executives through competitive compensation policies linked to performance targets[51]. - Management compensation totaled HKD 10,007,000 for the six months ended September 30, 2023, compared to HKD 6,565,000 for the same period in 2022, an increase of approximately 52.5%[110]. Investments and Acquisitions - The company’s wholly-owned subsidiary, Huitai Fund Management Limited, received a license from the SFC in March 2023, with expected revenue generation from fund management services starting in Q1 2024[32]. - In November 2023, the company acquired 100% of Singapore Spa Institute Pte. Ltd., enhancing its training and consulting capabilities in the spa industry[33]. - Related party transactions included HKD 90,899,000 for the acquisition of right-of-use assets during the reporting period[111]. Other Financial Information - Other income decreased significantly to HKD 3,424,000 from HKD 31,617,000, a decline of approximately 89%[59]. - Other income for the six months ended September 30, 2023, was HKD 3.42 million, down from HKD 8.44 million in the previous year[81]. - The company reported a foreign exchange loss of HKD (1,161,000) during the period, compared to a loss of HKD (54,000) in the previous period[103]. - The company expects to adopt new accounting guidelines regarding the mandatory provident fund by March 31, 2024, which may impact financial reporting[77]. - The company continues to assess the impact of new accounting policies on its financial statements, with no reasonable estimate available at this time[77].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不會就因本公佈全部或任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 MODERN HEALTHCARE TECHNOLOGY HOLDINGS LIMITED （現代健康科技控股有限公司） （於開曼群島註冊成立的有限公司） （股份代號：919） 截至二零二三年九月三十日止六個月 中期業績公佈 現代健康科技控股有限公司（「本公司」）董事會（「董事會」或「董事」）欣然宣佈本 公司及其附屬公司（統稱「本集團」）截至二零二三年九月三十日止六個月（「回顧 期間」）的未經審核綜合業績。 綜合損益表 截至二零二三年九月三十日止六個月－未經審核 截至九月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 ...

Business Operations - As of March 31, 2023, the company operates 28 service centers in Hong Kong, 3 in mainland China, and 6 in Singapore, with a retail network of 9 "be Beauty Shop" locations[13] - The company has opened several new stores, including Be Beauty Shop in Whampoa and Kwai Fong, and a new modern beauty center in Kwai Fong in December 2022[22] - The group operated a total of 46 stores in Hong Kong, a decrease of 2 stores from the previous year[28] - Revenue from Singapore operations was HKD 45.7 million, an increase from HKD 43.9 million in the previous year, with service revenue of HKD 37.7 million and prepaid beauty package sales of HKD 41.7 million[34] - The group’s main business involves providing beauty and wellness services and selling skincare and wellness products, which are highly competitive sectors[129] - For the fiscal year ending March 31, 2023, the group’s revenue and performance primarily came from beauty and wellness services in Hong Kong, mainland China, and Singapore[131] Financial Performance - The group's revenue for the fiscal year ended March 31, 2023, was approximately HKD 406.3 million, an increase of 14.3% compared to HKD 355.6 million for the fiscal year ended March 31, 2022[28] - The revenue from prepaid beauty packages was HKD 412.1 million, representing a 19.1% increase from HKD 346.1 million in the previous fiscal year[36] - Revenue from beauty and facial care services accounted for 67.6% of total revenue, with a total of HKD 274.6 million, up 14.0% from the previous year[35] - The net loss attributable to equity shareholders for the fiscal year 2023 was approximately HKD 20.6 million, a significant improvement from a net loss of HKD 68.8 million in the previous year[43] - The group maintained a strong financial position with cash and bank balances of approximately HKD 177.5 million, up from HKD 127.5 million in the previous fiscal year, with no bank borrowings[45] - The total deferred revenue at the end of the fiscal year was HKD 242.8 million, up from HKD 204.2 million at the beginning of the year[38] - The group’s revenue primarily comes from beauty and wellness services, contributing approximately 92% of the total revenue for the year ended March 31, 2023[186] Employee and Operational Efficiency - Employee benefits expenses increased by 9.6% to approximately HKD 274.9 million, accounting for 67.7% of total revenue, down from 70.5% in the previous year[39] - The group employed 876 staff as of March 31, 2023, a reduction from 904 staff in the previous year, with total employee benefits expenses increasing by 9.6% to HKD 274.9 million[51] - The group aims to enhance operational efficiency and maintain service quality in its beauty and wellness centers[32] - The company has implemented new operational strategies aimed at improving efficiency, which are expected to reduce costs by 10% over the next year[80] Corporate Governance - The management team emphasized the importance of maintaining strong corporate governance practices to enhance shareholder value[81] - The company has adhered to the corporate governance code, with minor deviations noted in specific areas[81] - The board consists of three executive directors and three independent non-executive directors, ensuring a balanced composition for effective oversight[83] - The board has established a clear division of responsibilities between management and the board, with management accountable for daily operations[90] - The company emphasizes the importance of corporate governance and compliance with statutory and regulatory requirements[88] Environmental and Social Responsibility - The company has been awarded the "Caring Company" logo by the Hong Kong Council of Social Service for 12 consecutive years as of February 2023[25] - The company has been recognized for its green initiatives, receiving the "Green Office" and "Healthy Workplace" labels for six consecutive years from the World Green Organization[25] - The company has implemented various environmental measures, including a "paperless office" initiative and the use of LED lighting in retail stores to save energy[55] - The company will issue a separate Environmental, Social, and Governance report in accordance with the Listing Rules[175] Market Strategy and Future Outlook - The company aims to expand its product sales through various brands, including "Malu Wilz," "Byotea," and its own brands like "p.e.n" and "FERRECARE," enhancing its customer base[12] - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% based on new product launches and market expansion strategies[80] - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[80] - A strategic acquisition of a local competitor is being considered to enhance the company's product offerings and customer base[80] Risk Management - The company faces risks from macroeconomic changes, regulatory updates, market competition, and rising operational costs in Hong Kong[61] - The company has adopted a corporate risk management framework to identify and manage significant risks to its business objectives[110] Shareholder Information - As of March 31, 2023, the company had 904,483,942 shares issued, with a market value of HKD 148 million[68] - The company did not declare an interim dividend for the fiscal year 2023, consistent with the previous fiscal year where the interim dividend was also zero[132] - The company did not declare a final dividend for the fiscal year 2023, mirroring the previous fiscal year where the final dividend was also zero[132] - Shareholders can request a special general meeting if they hold at least 10% of the company’s paid-up capital[124] Audit and Compliance - The independent auditor has audited the consolidated financial statements for the fiscal year ending March 31, 2023, and found them to be true and fair according to the Hong Kong Financial Reporting Standards[180] - The audit committee reviewed and approved the annual performance before it was approved by the board[173] - The external auditor's fees for audit services amounted to HKD 3,400,000, while non-audit services fees were HKD 300,000[105]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不會就因本公佈全部或任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 MODERN HEALTHCARE TECHNOLOGY HOLDINGS LIMITED （現代健康科技控股有限公司） （於開曼群島註冊成立的有限公司） （股份代號：919） 截至二零二三年三月三十一日止年度 全年業績公佈 現代健康科技控股有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公司及其 附屬公司（統稱「本集團」）於截至二零二三年三月三十一日止年度（「二零二三年 財政年度」或「回顧年度」）的綜合業績連同截至二零二二年三月三十一日止年度 （「二零二二年財政年度」）之比較數字如下。截至二零二三年三月三十一日止年度 的綜合業績已由本公司審核委員會審閱。 綜合損益表 截至二零二三年三月三十一日止年度 二零二三年 二零二二年 附註 千港元 千港元 ...

Business Operations - The company operates 30 service centers in Hong Kong, 3 in mainland China, and 7 in Singapore as of March 31, 2022[14]. - The retail network under "be Beauty Shop" consists of 8 locations, focusing on high-quality skincare and wellness products[14]. - The company offers a diverse range of services, including beauty and facial care, body shaping, and wellness products[8]. - The group operated a total of 48 stores as of March 31, 2022, down from 51 stores in the previous year[26]. - The group plans to cautiously expand its business in Singapore, where revenue for the fiscal year was HKD 43.9 million, down from HKD 45.9 million in the previous year[31]. Financial Performance - The group's revenue for the fiscal year ended March 31, 2022, was approximately HKD 355.6 million, a decrease of 17.6% compared to HKD 431.5 million for the previous fiscal year[26]. - The operating loss for the fiscal year was HKD 72.3 million, compared to an operating profit of HKD 134 million in the previous fiscal year, reflecting a decline in operating margin by 51.4 percentage points[26]. - Revenue from beauty and health services in Hong Kong decreased by 18.8%, with service revenue of HKD 281 million and prepaid beauty package revenue of HKD 298.4 million, reflecting a decline of 21.7% and an increase of 21.0% respectively[28]. - Revenue from skincare and health product sales increased by 52.5% to HKD 30.1 million, compared to HKD 19.7 million in the previous fiscal year[32]. - The group reported a net revenue of HKD 346.1 million from the sale of new prepaid beauty packages, an increase of 18.5% from HKD 292.2 million in the previous fiscal year[33]. - The net loss attributable to equity shareholders for the fiscal year 2022 was approximately HKD 68,800,000, compared to a net profit of HKD 125,700,000 in the fiscal year 2021[41]. - The company’s basic and diluted loss per share was HKD 7.61, compared to earnings per share of HKD 13.90 in the previous year[195]. Employee and Operational Costs - Employee benefits expenses increased by approximately 38.7% from HKD 180,800,000 in the fiscal year 2021 to about HKD 250,800,000 in the fiscal year 2022, accounting for 70.5% of revenue[37]. - Rental costs and depreciation of leased properties amounted to approximately HKD 75,200,000, representing 21.1% of revenue, a slight decrease from 19.0% in the previous year[38]. - Other operating expenses totaled HKD 46,667,000 for the fiscal year 2022, compared to HKD 41,166,000 in the previous year[40]. Corporate Governance - The company emphasizes strong corporate governance principles to enhance shareholder value, adhering to the corporate governance code since April 1, 2012[79]. - The board consists of three executive directors and three independent non-executive directors, ensuring a balanced composition for effective oversight[81]. - The company has established a remuneration committee to review and determine the compensation for directors and senior management, ensuring competitive rewards to attract and retain key executives[94]. - The audit committee reviewed the group's financial reporting, risk management, and internal controls, holding four meetings during the review year[99]. Market and Industry Trends - The company closely monitors industry trends to acquire advanced beauty equipment for its services[9]. - The group faces risks from macroeconomic changes, regulatory updates, market competition, and rising operational costs in Hong Kong[60]. - The group expects the Hong Kong retail sector to continue recovering as long as the local pandemic remains stable, supported by government measures like the consumption voucher scheme[52]. Community and Environmental Initiatives - The company has received the "Green Office Award" from the World Green Organization for five consecutive years[22]. - The group has implemented various environmental measures, including promoting a "paperless office" and using LED lighting in retail stores to save energy[53]. - The company has a commitment to community welfare activities, with Dr. Zeng Yu actively participating in various initiatives[70]. Shareholder Information - As of March 31, 2022, the company had issued 904,483,942 ordinary shares with a market capitalization of HKD 121 million[67]. - The company did not declare an interim dividend for the fiscal year, consistent with the previous year where the interim dividend was also zero[130]. - Shareholders can request a special general meeting if they hold at least 10% of the company's paid-up capital[122]. Risk Management - The company has adopted a corporate risk management framework to identify and manage significant risks in daily operations[106]. - The board has reviewed the effectiveness of the risk management and internal control systems, deeming them adequate and effective[105]. Financial Reporting and Audit - KPMG has audited the financial statements for the fiscal year 2022 and is eligible for reappointment at the upcoming annual general meeting[164]. - The external auditor's fees for audit services amounted to HKD 3,000,000, while non-audit services totaled HKD 300,000[101].