Summary of Key Points Core Viewpoint - As of May 28, a total of 65 stocks reached their 52-week highs, with notable performances from Kingway Medical Holdings (08559), China Silver Technology (00515), and Honghui Group (00183) leading the list with high rates of increase [1]. Group 1: Stocks Reaching 52-Week Highs - Kingway Medical Holdings (08559) achieved a closing price of 0.027 with a peak of 0.045, marking a high rate of 32.35% [1]. - China Silver Technology (00515) closed at 0.280, reaching a maximum of 0.305, resulting in a high rate of 28.15% [1]. - Honghui Group (00183) had a closing price of 0.255, with a peak price of 0.255, reflecting a high rate of 27.50% [1]. - Other notable stocks include Emperor Watch and Jewellery (00887) with a high rate of 27.14% and Sogo Department Store (00312) at 21.79% [1]. Group 2: Additional Stocks with Significant Increases - Lehua Entertainment (02306) reached a high rate of 13.73% with a closing price of 2.540 [1]. - Kingway Medical (08143) had a closing price of 0.124 and a peak of 0.230, resulting in a high rate of 10.05% [1]. - Other stocks with notable increases include Zhu Feng Gold (01815) at 6.98% and Yaoshi Bang (09885) at 6.68% [1]. Group 3: Stocks with Lower Performance - The report also includes stocks that did not perform as well, with some reaching their 52-week lows, such as China Parenting Network (01736) with a low rate of -14.40% [2]. - XI Nan Tes-U (09366) and XI Nan Tes (07366) also showed declines of -10.08% and -8.60% respectively [2]. - Other stocks like He Fu Hui Huang (00733) and Pai Ge Biomedical-B (02565) experienced decreases of -7.04% and -6.95% [2].

Group 1 - As of May 26, a total of 88 stocks reached their 52-week highs, with Tianbao Energy (01671), China Nuclear International (02302), and Honghui Group (00183) leading the high rate at 141.60%, 93.92%, and 21.34% respectively [1] - Tianbao Energy closed at 0.700 and reached a peak of 1.510, marking a significant increase of 141.60% [1] - China Nuclear International closed at 4.090 with a highest price of 5.100, reflecting a rise of 93.92% [1] Group 2 - Other notable stocks that reached their 52-week highs include Century International (00959) with an increase of 18.64%, and Junjie Group Holdings (08188) with a rise of 17.95% [1] - The list also includes Haotian Financial Group (01260) with a 13.70% increase and Dechang Electric Holdings (00179) with a 10.96% rise [1] - The overall trend indicates a strong performance in the market, with multiple stocks achieving significant gains [1] Group 3 - The report also highlights stocks that reached their 52-week lows, with Sipai Health (00314) showing the largest decline at -11.65% [3] - Other stocks experiencing declines include Feitian Yundong (06610) at -9.05% and Hengrui Medicine (01276) at -4.81% [3] - The presence of stocks reaching both highs and lows suggests a volatile market environment [3]

Financial Performance - For the six months ended September 30, 2024, the company reported a net loss attributable to shareholders of approximately HKD 11,421,000, compared to a loss of HKD 10,990,000 for the same period in 2023, representing an increase in loss of about 3.9%[4] - The company reported a net loss of approximately HKD 11,420,000 for the six months ended September 30, 2024, an increase of about 7.4% compared to the net loss of HKD 10,990,000 for the same period last year[59] - For the six months ended September 30, 2024, the company reported a pre-tax loss of HKD 11,421,000, compared to a pre-tax loss of HKD 10,990,000 for the same period in 2023[39] - The company has not generated any revenue during the reporting period, which raises concerns about its financial sustainability[12] - The company did not generate any revenue for the six months ended September 30, 2024, consistent with zero revenue for the same period in 2023[25] Current Liabilities and Financial Position - As of September 30, 2024, the company recorded a net current liability of approximately HKD 68,634,000, compared to HKD 21,592,000 as of March 31, 2024, indicating a significant increase in current liabilities[6] - The total liabilities amounted to approximately HKD 91,197,000 as of September 30, 2024, up from HKD 79,776,000 as of March 31, 2024[6] - The company’s total liabilities as of September 30, 2024, were HKD 123,453,000, down from HKD 170,218,000 as of March 31, 2024[24] - The company’s total assets less current liabilities were reported as negative HKD 68,634,000 as of September 30, 2024[6] - The company believes it has sufficient working capital to meet its current needs and will continue to operate as a going concern[15] Operational Developments - The company plans to resume its gaming table operations at a new casino in the Cambodia Seven Stars Investment Zone, with shareholder approval obtained for leasing and operating a VIP room effective October 1, 2024[13] - The company has entered into a casino agreement with LongBay Entertainment for the management of a VIP hall, which is expected to begin operations on October 1, 2024, with a monthly lease of USD 35,000[64] - The VIP hall will manage seven gaming tables, particularly baccarat, and the company will receive all casino winnings while being responsible for any losses, including employee expenses and taxes[64] - The company anticipates that the operations of the VIP hall will stabilize in the coming months and significantly contribute to overall performance by 2025[64] Cost Management and Financial Support - The company’s executive director has committed to not demanding repayment of convertible bonds totaling HKD 50,000,000 and HKD 32,000,000 due in September 2025 and December 2026, respectively, to provide sufficient financial support for operations[12] - The management will continue to take proactive measures to control administrative costs and capital expenditures[14] - The company is committed to controlling administrative costs and capital expenditures to alleviate cash flow pressure[70] Shareholder and Corporate Governance - The company has not declared an interim dividend for the six months ended September 30, 2024, remaining at zero for the same period in 2023[35] - The company does not recommend the payment of an interim dividend for the six months ended September 30, 2024, compared to zero in 2023[77] - The company has maintained high levels of corporate governance, emphasizing transparency and accountability to enhance shareholder value[81] - The interim results for the six months ending September 30, 2024, have been reviewed by the audit committee and are prepared in accordance with applicable accounting standards[84] - All directors confirmed compliance with the standards of the securities trading code throughout the review period[86] Future Business Opportunities - The company is exploring a new business line focused on the procurement and distribution of high-quality camellia oil, capitalizing on the growing demand in the Chinese market[74] - The annual production of camellia oil in China surpassed 800,000 tons in 2023, making it one of the top ten edible oils consumed in the country[74] - The board believes that the strategic expansion into new business opportunities will diversify revenue sources and enhance profitability[74] Market and Economic Context - Cambodia welcomed 4.8 million international tourists in the first nine months of 2024, a 22% increase from 3.92 million in the same period of 2023, indicating a strong recovery in the tourism sector[63] - The Cambodian gaming industry is expected to grow significantly, with tourism projected to attract 7 million international visitors annually by 2025[73] - Cambodia's economy is forecasted to grow by 5.6% in 2024, up from 5% in 2023, and further increase to 5.9% in 2025[73]

Financial Performance - The net loss for the fiscal year ending March 31, 2024, was approximately HKD 24.2 million, a decrease of about 61.3% compared to the net loss of approximately HKD 62.5 million in the previous year[13]. - The group reported a net loss attributable to the company's owners of approximately HKD 24,209,000 for the year ended March 31, 2024[181]. - The group experienced a net cash outflow from operating activities of approximately HKD 6,893,000 during the same period[181]. - The company reported a pre-tax loss of HKD 24,209,000 for the year 2024, a significant improvement from a loss of HKD 62,549,000 in 2023, representing a reduction of approximately 61%[158]. - Total revenue for 2024 was HKD 6,000, while other income and gains decreased to HKD 8,000 from HKD 132,000 in 2023, indicating a decline of about 93%[158]. - The basic and diluted loss per share improved to HKD 18.88 in 2024 from HKD 48.77 in 2023, marking a reduction of approximately 61%[158]. - The total equity attributable to owners decreased to HKD (79,776,000) in 2024 from HKD (67,497,000) in 2023, indicating a decline in equity position[160]. Assets and Liabilities - As of March 31, 2024, the total assets and net liabilities of the group were approximately HKD 90.4 million and HKD 79.8 million, respectively, compared to HKD 91.1 million and HKD 67.5 million in 2023, indicating a slight decrease in total assets[15]. - The group had current liabilities of approximately HKD 21,592,000 and total liabilities of approximately HKD 79,776,000[148]. - The group’s debt-to-asset ratio as of March 31, 2024, was approximately 188.3%, up from 174.1% in 2023, reflecting an increase in financial leverage[15]. - Current assets increased to HKD 90,398,000 in 2024 from HKD 82,900,000 in 2023, representing a growth of about 9%[160]. - Current liabilities decreased to HKD 111,990,000 in 2024 from HKD 128,249,000 in 2023, a reduction of approximately 13%[160]. Casino Operations and Agreements - The company announced a three-year casino agreement with LongBay Entertainment for the operation of a VIP room, which is expected to generate stable revenue[7]. - The VIP room will cover approximately 650 square meters and will feature seven gaming tables, focusing on baccarat operations[7]. - The group has entered into a new casino agreement to lease and operate a high-margin VIP room for three years, with plans to open in early July 2024, aiming to capitalize on the growing tourism market[21]. - The rental fee for the VIP room is set at USD 35,000 per month, with the group entitled to all casino winnings and responsible for all losses and related costs[21]. - The group plans to lease a VIP room in a casino located in Cambodia to resume its gaming operations, pending regulatory and shareholder approvals[148]. - The group has not yet obtained the necessary approvals to resume table gaming operations at the new casino in Dara Sakor investment zone, Cambodia[151]. Market and Economic Outlook - Cambodia's economic growth is projected to be 5.8% in 2024 and 6% in 2025, driven by the recovery of the tourism sector and strong industrial exports[9]. - The Cambodian government's "5-BUILD" tourism strategy is expected to enhance the country's appeal as a destination for business and leisure travelers[6]. - In 2023, Cambodia welcomed 5.43 million international tourists, a significant increase of 139% from 2.27 million in the previous year, indicating a strong recovery in the tourism sector[17]. - The economic growth forecast for Cambodia is 5.8% in 2024 and 6.0% in 2025, driven by the recovery of the tourism and manufacturing sectors[23]. Corporate Governance - The company maintains high standards of corporate governance, focusing on transparency and accountability to enhance shareholder value and stakeholder interests[31]. - The board consists of four members, including one executive director and three independent non-executive directors[43]. - The company has established compliance procedures to ensure adherence to applicable laws and regulations, with no significant non-compliance issues reported during the review period[28]. - The company has received annual independence confirmation from all independent non-executive directors, affirming their independence[48]. - The board has established formal procedures for the appointment and re-election of directors, with a transparent process in place[53]. - The company has a clear strategy for monitoring and assessing risks, which is part of the CEO's responsibilities[44]. Employee Relations and Development - The company actively manages employee relations, emphasizing the importance of developing skilled human resources through internal training and knowledge exchange[29]. - The group employed 9 permanent employees as of March 31, 2024, with a gender ratio of approximately 56% male and 44% female[135]. - The company has a stock option plan to reward outstanding employees contributing to its success[135]. - The company encourages all directors to participate in continuous professional development to enhance their knowledge and skills[54]. Environmental and Social Responsibility - The company is committed to promoting environmental conservation and sustainable development, implementing energy-saving measures such as installing energy-efficient lighting in offices[27]. - The company has implemented a zero-tolerance anti-corruption policy, including measures against bribery and fraud[76]. - The company is committed to considering diversity, including gender diversity, in its hiring practices[135]. Financial Instruments and Reporting - The company issued convertible bonds worth HKD 32,000,000 with a conversion price of HKD 0.256 per share on December 31, 2023, after all conditions were met and approved by shareholders[127]. - The group has changed its accounting policy regarding long service payments, no longer applying the optional approach, which has not resulted in significant cumulative adjustments[175]. - The application of revised Hong Kong Financial Reporting Standards is not expected to have a significant impact on the group's financial performance and position[179]. - The consolidated financial statements include the financial statements of the company and its subsidiaries under its control[187].

Financial Performance - The group recorded a net loss of approximately HKD 24,200,000 for the fiscal year ending March 31, 2024, compared to a net loss of approximately HKD 62,500,000 for the previous year, representing a reduction of about 61%[3]. - The loss per share for the fiscal year ending March 31, 2024, was approximately HKD 18.88, down from HKD 48.77 in the previous year, indicating an improvement of about 61%[4]. - The group reported a pre-tax loss of HKD 24,209,000 for the year ended March 31, 2024, compared to a loss of HKD 62,549,000 for the previous year[40]. - The net loss for the year decreased by approximately 61.3% from about HKD 62,500,000 in the previous year, mainly due to the absence of impairment losses on intangible assets[53]. - The company reported a net loss attributable to shareholders of approximately HKD 24,209,000 for the year ended March 31, 2024, with a net cash outflow from operations of about HKD 6,893,000[48]. Assets and Liabilities - The group's net liabilities increased to approximately HKD 79,800,000 as of March 31, 2024, up from approximately HKD 67,500,000 the previous year, an increase of about 18%[3]. - Total assets less current liabilities showed a decrease to approximately HKD (21,548,000) compared to HKD (37,133,000) the previous year, indicating a worsening position[6]. - The company reported total liabilities of HKD 170,218,000 as of March 31, 2024, an increase from HKD 158,613,000 in the previous year[27]. - The total liabilities of the group amounted to approximately HKD 79,776,000, an increase of about HKD 12,300,000 from HKD 67,500,000 as of March 31, 2023[54]. - The asset-to-liability ratio as of March 31, 2024, was approximately 188.3%, compared to 174.1% in the previous year[56]. Cash Flow and Operating Activities - The group generated a net cash outflow from operating activities of approximately HKD 6,893,000 for the fiscal year ending March 31, 2024[12]. - The company’s unclassified income for the fiscal year ending March 31, 2024, was HKD 140,000, while unclassified corporate expenses amounted to HKD 13,409,000[26]. - The company’s financing costs for unclassified segments were HKD 8,411,000 for the fiscal year ending March 31, 2024[26]. - The total financing costs increased to HKD 10,495,000 in 2024 from HKD 8,411,000 in 2023, with interest from convertible bonds rising to HKD 7,580,000[35]. Gaming Operations and Future Plans - The group plans to resume gaming operations at a new casino in Dara Sakor, Cambodia, pending shareholder approval for a framework agreement[13]. - The group aims to restore table gaming operations at a new casino in Dara Sakor, Cambodia, but has not yet obtained the necessary approvals[51]. - The group plans to lease a VIP room in a casino in Cambodia to resume gaming operations, pending regulatory and shareholder approvals[48]. - The company is optimistic about the potential revenue contribution from the new VIP room, which is expected to open in early September 2024[60]. - A new casino agreement has been established with LongBay Entertainment for the operation of a VIP hall, with a lease term of three years and a monthly rent of USD 35,000, expected to generate revenue by the end of 2024[62]. Shareholder and Financing Support - The group has received a commitment from a major shareholder to not demand repayment of certain convertible bonds until at least June 30, 2025, providing financial support for operations[13]. - The company has secured additional financing commitments, including a personal guarantee from Mr. Wu for HKD 39,037,000 in loans from third parties[51]. - The company has a remaining balance of HKD 30,684,000 due from the chairman, which will be repaid by June 30, 2025[84]. Compliance and Governance - The company has adopted the corporate governance code as per the listing rules and believes it has taken sufficient measures to ensure compliance with the code[75]. - The Audit Committee consists of three independent non-executive directors, with responsibilities including reviewing financial reporting procedures and maintaining appropriate relationships with auditors[77]. - The Compliance Committee is responsible for formulating and monitoring compliance policies and practices, ensuring adherence to legal and regulatory requirements[78]. - The Remuneration Committee reviews the company's remuneration policies and structures, ensuring alignment with corporate strategies and objectives[79]. - The Nomination Committee evaluates the board's structure and diversity, making recommendations for director candidates to align with corporate strategies[81]. Environmental and Social Responsibility - The company has installed energy-saving lights in its offices to reduce energy consumption as part of its environmental strategy[68]. - The company employs 5 permanent staff in Hong Kong and participates in a mandatory provident fund scheme, providing competitive compensation and medical insurance[71]. - The company has no knowledge of any significant non-compliance with applicable laws and regulations for the fiscal year ending March 31, 2024[69]. Dividends and Shareholder Returns - The company did not declare any dividends for the year ended March 31, 2024, consistent with the previous year[39]. - The board does not recommend a final dividend for the fiscal year ending March 31, 2024, consistent with the previous year[73].

Financial Performance - The group reported a net loss of approximately HKD 10,990,000 for the period, an increase of about 89.5% compared to the net loss of approximately HKD 5,800,000 in the same period last year[5]. - The company reported a net loss attributable to shareholders of approximately HKD 10,990,000 for the six months ended September 30, 2023, with a net current liability of about HKD 52,734,000[18]. - The company reported a loss before tax of HKD 10,990,000 for the six months ended September 30, 2023, compared to a loss of HKD 5,846,000 for the same period in 2022, representing an increase in loss of approximately 88.8%[53]. - Basic and diluted loss per share for the period was HKD 8.57, compared to HKD 4.56 in the previous year, indicating a significant increase in loss per share[53]. - The pre-tax loss for the six months ended September 30, 2023, was approximately HKD 10,990,000, compared to a loss of HKD 5,846,000 for the same period in 2022, representing an increase in loss of about 88.5%[96]. - Basic loss per share for the six months ended September 30, 2023, was HKD 0.086, compared to HKD 0.046 for the same period in 2022, reflecting an increase of approximately 86.9%[96]. Assets and Liabilities - As of September 30, 2023, the total assets and net liabilities of the group were approximately HKD 90,900,000 and HKD 78,500,000, respectively, with a debt-to-asset ratio of approximately 186.3%[9]. - The group’s total liabilities increased by approximately HKD 10,990,000 from HKD 67,500,000 as of March 31, 2023, to approximately HKD 78,000,000 as of September 30, 2023[6]. - The total liabilities exceeded total assets by HKD 78,487,000 as of September 30, 2023, compared to HKD 67,497,000 as of March 31, 2023[56]. - The total assets of the group as of September 30, 2023, amounted to HKD 90,927,000, a slight decrease from HKD 91,116,000 as of March 31, 2023[82]. - The total liabilities increased to HKD 169,414,000 as of September 30, 2023, compared to HKD 158,613,000 as of March 31, 2023[82]. - The company’s non-current assets were approximately HKD 8,100,000, while current assets were approximately HKD 82,800,000 as of September 30, 2023[9]. Gaming Operations - The group aims to secure rights to eight gaming tables, which will allow it to receive 100% of the casino's winnings and bear 100% of the losses, with operations expected to generate revenue in the next fiscal year[12]. - The group has entered into a new transfer agreement for eight gaming tables at a cost of HKD 58,000,000, which will be settled by offsetting debts owed to the transferor[13]. - The company is in the process of acquiring rights to eight gaming tables, pending approval from independent shareholders, which has not yet been obtained[19]. - The company aims to focus on its core gaming table business and is exploring opportunities in the VIP gaming table sector in Cambodia and the Southeast Asian entertainment industry[22]. - The company anticipates that the new gaming tables will play a key role in strengthening and expanding its gaming operations[15]. Financial Support and Restructuring - The company has secured a loan of HKD 60,008,000 from Mr. Wu, who has committed not to demand repayment and is willing to provide financial support to cover operational funding shortages[18]. - The company plans to negotiate a debt restructuring with creditors to reduce liabilities and is seeking legal advice on the potential timeline and negotiation terms[20]. - The group is in discussions with creditors regarding a potential debt restructuring to reduce liabilities[72]. - Management is considering the possibility of converting HKD 50,000,000 convertible bonds into equity before maturity[72]. - The company has a commitment from its major shareholder to provide financial support to alleviate operational cash flow shortages[71]. Market and Economic Conditions - International tourist arrivals in Cambodia surged by 211% year-on-year to 3.92 million in the first nine months of 2023, indicating a strong recovery in the tourism sector[10]. - The Cambodian economy is expected to grow by 5.3% in 2023 and 6.0% in 2024, driven by a recovery in the tourism sector, with projections of over 5.6 million international visitors in 2024[21]. - The group continues to face challenges in acquiring new customers and orders in the AR/VR segment due to rising interest rates and intense market competition, leading to significant operational pressure[16]. Corporate Governance and Compliance - The company continues to emphasize high levels of corporate governance and transparency to enhance shareholder value[47]. - The company has adopted a strict code of conduct for securities trading by its directors, ensuring compliance throughout the review period[46]. - The company continues to comply with listing rules and applicable laws regarding the exercise of convertible bonds[34]. - The company has not taken out insurance for potential legal claims against its directors, believing that the likelihood of such claims is relatively low[48]. - The company’s audit committee reviewed the interim results for the six months ended September 30, 2023, and deemed them to be prepared in accordance with applicable accounting standards[50]. Employee and Management Information - The company emphasizes the importance of human resources and offers competitive compensation to retain talented employees[27]. - The total remuneration for key management personnel was 894,000 HKD for the six months ended September 30, 2023, slightly down from 899,000 HKD in the same period of 2022[111]. - The company reported a decrease in employee costs to HKD 2,281,000 for the six months ended September 30, 2023, compared to HKD 2,211,000 for the same period in 2022, reflecting an increase of approximately 3.2%[91]. Shareholder Information - As of September 30, 2023, major shareholders include Ms. Zheng Huimin with 9,621,212 shares (7.50%), Mr. Huang Weiqiang with 8,690,000 shares (6.78%), and Mr. Huang Jinhuan with 8,254,212 shares (6.44%)[36]. - The company has a total of 3,839 thousand stock options granted under the 2012 share option plan, which remains valid until March 2, 2024[42]. - The company’s ordinary shares have a par value of 0.01 HKD each[15]. - The company confirmed that no convertible bonds were converted into ordinary shares during the six months ended September 30, 2023[106]. - The company did not recommend an interim dividend for the six months ended September 30, 2023, consistent with the previous year[95].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴 該等內容而引致之任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） （股份代號：959） 截至二零二三年九月三十日止六個月之中期業績公告 世紀娛樂國際控股有限公司（「世紀娛樂」或「本公司」）之董事（「董事」）會（「董事 會」）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」）之未經審核簡明綜合中期業績，連同二零二二年同期之未經審核比 較數字。 ...

Financial Performance - The company recorded a net loss of approximately HKD 63 million for the fiscal year, an increase of about 91.4% compared to the previous year's loss of approximately HKD 3.7 million[13]. - Revenue for the year was approximately HKD 200,000, showing no earnings due to the impact of COVID-19 and the temporary closure of all casinos in Cambodia since April 1, 2020[13]. - The group reported a net loss attributable to the owners of approximately HKD 62,549,000 for the year ended March 31, 2023[179]. - The total loss attributable to owners for the year was HKD 62,549,000, compared to a loss of HKD 3,675,000 in 2022, marking an increase of 1,600%[159]. - The company reported a gross profit of HKD 160,000, down from HKD 200,000 in the previous year, indicating a decrease of 20%[159]. - The impairment loss on intangible assets was HKD 23,452,000, significantly higher than the HKD 12,658,000 reported in 2022, reflecting an increase of 85.5%[159]. - The basic and diluted loss per share for the year was HKD 48.77, compared to a profit of HKD 12.87 in 2022, reflecting a significant downturn[159]. - The company's total equity as of March 31, 2023, was negative HKD 67,497,000, compared to negative HKD 26,670,000 in 2022, indicating a deterioration in financial position[162]. - The net cash outflow from operating activities was approximately HKD 12,466,000 during the same period[179]. - The net cash used in operating activities was HKD 12,466,000, an improvement from HKD 15,236,000 in 2022, indicating a reduction of 18.3%[168]. Assets and Liabilities - As of March 31, 2023, the total assets of the group were approximately HKD 91.1 million, down from HKD 133.6 million in 2022, while net liabilities increased to HKD 67.5 million from HKD 26.7 million in 2022[15]. - The group's total liabilities amounted to approximately HKD 26.7 million, an increase of about HKD 3.7 million from the previous year[14]. - The group's debt-to-asset ratio was approximately 174.1% as of March 31, 2023, compared to 120.0% in 2022[15]. - As of March 31, 2023, the group had a net current liability of approximately HKD 45,349,000 and a total net liability of approximately HKD 67,497,000[179]. - The company’s total liabilities decreased from HKD 160,225,000 in 2022 to HKD 128,249,000 in 2023, a reduction of 20%[162]. Business Operations and Strategy - The company is strategically executing a profit guarantee as part of a transfer agreement to ensure sufficient funding for operations[7]. - The new casino rights agreement with partners will allow the company to receive all casino winnings and bear all losses, enhancing financial stability[7]. - The total investment for the new Seven Seas International Airport and integrated resort development in Cambodia is approximately USD 3.9 billion, expected to attract tourists and boost the local economy[7]. - The tourism industry in Cambodia is projected to grow by 7.3% year-on-year in 2023, providing significant opportunities for the company[9]. - The company is exploring new growth avenues, particularly in the entertainment sector, to diversify business risks and leverage emerging opportunities[9]. - The group remains optimistic about the recovery of the Cambodian tourism industry and anticipates that its business can quickly rebound as the market improves[18]. - The group is focusing on employee training and casino renovations to strengthen its business amid a challenging operating environment[18]. - The group is exploring business restructuring and other opportunities while remaining committed to its core gaming operations[23]. - The company is focusing on its core gaming business and is actively exploring opportunities in the Southeast Asian entertainment sector to maximize revenue potential and diversify risks[25]. - The company plans to resume gaming operations at the new casino in Dara Sakor investment zone in Cambodia, pending independent shareholder approval[153]. Corporate Governance - The board of directors is committed to maintaining high standards of corporate governance, focusing on transparency and accountability[30]. - The company has established compliance procedures to ensure adherence to applicable laws and regulations, with no significant non-compliance issues reported[27]. - The company has adopted a board diversity policy, considering various factors such as gender, age, and professional experience in board member selection[38]. - The company has a nomination policy to ensure a balanced mix of skills, experience, and perspectives among board members[39]. - The board consists of five members, including two executive directors and three independent non-executive directors, with independent directors making up over one-third of the board[41]. - The independent non-executive directors have served for over nine years, and the company will appoint a new independent non-executive director by March 31, 2024, to comply with governance codes[45]. - The chairman and CEO, Mr. Wu Wenxin, is responsible for overall strategy and company development, ensuring proper business operation monitoring[42]. - The board held four meetings and two shareholder meetings in the fiscal year ending March 31, 2023, with attendance rates for executive directors at 0% and independent directors ranging from 50% to 100%[47]. - The company has received annual independence confirmation letters from all independent non-executive directors, affirming their compliance with independence guidelines[45]. - The board has established procedures to ensure that all directors can seek independent professional advice at the company's expense[47]. - The company emphasizes a culture of open debate among directors to ensure fair decision-making reflecting the consensus of the board[47]. - The chairman encourages active contributions from all directors, fostering a collaborative environment for effective governance[47]. - The company has established a formal and transparent process for the appointment and re-election of directors, with all directors serving until their retirement or re-election at the annual general meeting[50]. Compliance and Risk Management - The company has implemented a whistleblowing policy to allow employees and third parties to report potential misconduct anonymously[72]. - The company maintains a zero-tolerance anti-corruption policy, committing to operate with integrity and ethical standards[72]. - The board believes that the risk management and internal control systems are reasonable and effective as of March 31, 2023[70]. - The company has engaged external consultants to ensure the effectiveness of its risk management and internal control systems[69]. - The company has a training program for directors on environmental, social, and governance matters[54]. - The Compliance Committee monitored the training and professional development of directors and senior management[60]. - The company’s governance report includes a review of compliance with corporate governance codes and legal regulations[60]. Shareholder Information - The company has no distributable reserves available for shareholders as of March 31, 2023, consistent with the previous year[105]. - The annual general meeting is scheduled for September 29, 2023, with a suspension of share transfer registration from September 26 to September 29, 2023[86]. - The company has adopted a dividend policy that considers various factors, including actual and expected financial performance, retained earnings, and future expansion plans[88]. - The company reported no dividend payment for the fiscal year ending March 31, 2023, consistent with the previous year[85]. - Major shareholders include Zheng Huimin with 9,621,212 shares (7.50%), Huang Weiqiang with 8,690,000 shares (6.78%), and Huang Jinhuan with 8,254,212 shares (6.44%)[119]. Employee Relations - The group employs 10 permanent staff, maintaining a gender ratio of approximately 60% male and 40% female[135]. - The company actively manages employee relations, providing training and development opportunities to enhance skills and knowledge[92]. Future Outlook - The company is cautiously optimistic about future development, aiming to regain growth momentum by seizing market opportunities[25]. - The Cambodian government has lifted all travel restrictions, with expectations of receiving 4 million international tourists in 2023, boosting the local economy[25]. - The economy of Cambodia is projected to grow by 5.5% in 2023 and 6% in 2024, indicating a positive trend[25].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） （股份代號：959） 截至二零二三年三月三十一日止年度之全年業績 財務摘要 • 本集團於截至二零二三年三月三十一日止年度並無錄得收益，而截至二零 二二年三月三十一日止年度則錄得約200,000港元。收益減少乃主要由於 COVID-19之蔓延及自二零二零年四月一日起暫時關閉柬埔寨所有賭場而影 響賭枱業務，而重新開放賭場的工作依然在進行。 • 本集團於截至二零二三年三月三十一日止年度之淨虧損約為62,500,000港 元，而截至二零二二年三月三十一日止年度則約為3,700,000港元。截至二 零二三年三月三十一日止年度淨虧損變動乃主要因為無形資產之撇銷╱ 減 ...

Financial Performance - The group recorded no revenue during the review period, compared to approximately HKD 200,000 in the same period last year, primarily due to the impact of COVID-19 and the temporary closure of all casinos in Cambodia[6]. - The net loss for the period was approximately HKD 5,800,000, a decrease of about 72% from the net loss of approximately HKD 20,800,000 in the same period last year[6]. - The company recorded a net loss attributable to shareholders of approximately HKD 5,846,000 for the six months ended September 30, 2022[24]. - The company incurred a pre-tax loss of HKD 5,846,000, an improvement from a loss of HKD 20,808,000 in the prior year[58]. - Basic and diluted loss per share for the period was HKD 4.56, compared to HKD 16.22 in the previous year[58]. - The company reported a consolidated net loss attributable to owners of approximately HKD 5,846,000 for the six months ended September 30, 2022[73]. - The company reported a profit of HKD 11,407,000 from AR/VR and mobile gaming solutions, while the gaming and entertainment segment incurred a loss of HKD 6,750,000, resulting in a total profit of HKD 4,657,000[81]. - The company recognized other income of HKD 109,000 for the six months ended September 30, 2022, primarily from government subsidies related to COVID-19, compared to HKD 6,000 in the previous year[87]. Assets and Liabilities - The group’s total liabilities as of September 30, 2022, amounted to approximately HKD 32,500,000, an increase of about HKD 5,800,000 from approximately HKD 26,700,000 as of March 31, 2022[7]. - The total assets of the group as of September 30, 2022, were approximately HKD 100,600,000, down from approximately HKD 133,600,000 as of March 31, 2022[13]. - The group’s debt-to-asset ratio was approximately 132.3% as of September 30, 2022, compared to approximately 120.0% as of March 31, 2022[15]. - As of September 30, 2022, the company had a net current liability of approximately HKD 63,926,000[24]. - The total equity as of September 30, 2022, was HKD (32,516,000), compared to HKD (26,670,000) as of March 31, 2022[61]. - The company reported a total liability of HKD 133,086,000 as of September 30, 2022, compared to HKD 160,225,000 as of March 31, 2022[84]. Cash Flow and Financing - The net cash used in operating activities for the six months ended September 30, 2022, was HKD 7,330,000, an improvement from HKD 8,258,000 in the same period of 2021[66]. - The net cash generated from financing activities for the six months ended September 30, 2022, was HKD 7,363,000, compared to HKD 8,435,000 in the previous year[66]. - The total cash and cash equivalents increased by HKD 33,000, reaching HKD 3,789,000 as of September 30, 2022, up from HKD 3,678,000 a year earlier[66]. - The company received a loan of HKD 12,305,000 from Mr. Wu, which is included in other borrowings[24]. - The company is considering debt restructuring to reduce its liabilities and is seeking legal advice on the matter[26]. - The company has not yet discussed the possibility of converting the HKD 50,000,000 convertible bonds into equity with the bondholder[75]. Business Operations and Strategy - The company plans to resume its public gaming table operations by November 30, 2022, with financial contributions expected to begin in 2023[21]. - The company is in discussions to extend the deadline for the transfer agreement related to its gaming table business due to the need for additional time to implement legal opinions and valuations[19]. - The company is exploring business restructuring and new opportunities to promote sustainable development amid market uncertainties[22]. - The company plans to reopen new gaming tables by December 2022, focusing on its core gaming business[27]. - The company maintains a cautious optimism regarding future development while monitoring the COVID-19 situation closely[27]. Shareholder and Management Information - Major shareholders include Zheng Huimin with 9,621,212 shares (7.50%), Huang Weiqiang with 8,690,000 shares (6.78%), and Huang Jin Hua with 8,254,212 shares (6.44%)[43]. - The company emphasizes competitive compensation to retain talented employees and participates in a mandatory provident fund scheme in Hong Kong[32]. - The total compensation for key management personnel was HKD 899,000 for the six months ended September 30, 2022, slightly up from HKD 897,000 in the previous period[123]. - The company has confirmed the independence of all current independent non-executive directors[53]. - The board will regularly review the effectiveness of the arrangement where the chairman also serves as the CEO[53]. Stock Options and Securities - The company granted a total of 4,218 thousand stock options during the review period[48]. - The exercise price for stock options granted in 2013 was adjusted from HKD 0.077 to HKD 1.540 due to a share consolidation[49]. - The exercise price for stock options granted in 2016 was adjusted from HKD 0.459 to HKD 3.70[49]. - The exercise price for stock options granted in 2017 was set at HKD 2.80, with a total of 610 thousand options granted[48]. - The exercise price for stock options granted in 2018 was set at HKD 2.00, with a total of 800 thousand options granted[48]. - The company did not purchase, sell, or redeem any of its listed securities during the review period[50]. - The stock options granted to employees have specific exercise periods ranging from 2013 to 2028[48]. - The company has adopted strict written guidelines for employee trading of its securities[51]. Economic and Market Context - In the first half of 2022, Cambodia received over 500,000 international tourists, representing an 84.8% decrease compared to pre-pandemic levels in 2019[16]. - As of June 30, 2022, only 20 out of over 200 casinos in Cambodia were operational, highlighting significant operational challenges for casino operators[16]. - As of November 8, 2022, 95.1% of Cambodia's population has been fully vaccinated against COVID-19, leading to the lifting of travel restrictions[27]. - The Cambodian economy is projected to grow by approximately 5.1% in 2022 and 6.2% in 2023, supported by favorable developments[27].