Environmental Impact - The group reported a total carbon dioxide equivalent (tCO2e) emissions of 25.17 tons for the year ending March 31, 2024, an increase of 5.28 tons or 27% compared to the previous year[13]. - The total harmless waste generated was 109.63 tons in 2024, a decrease of 29% from 155.06 tons in 2023[15]. - Energy consumption increased to 49,180 kWh, representing a 47% increase from 33,404 kWh in the previous year[30]. - Fuel consumption rose significantly to 24,684 kWh, a 146% increase from 10,021 kWh in the previous year[28]. - Water consumption increased to 78 cubic meters, up 12% from 70 cubic meters in the previous year[28]. - The carbon intensity was reported at 1.36 tCO2e per employee, reflecting the group's ongoing efforts to monitor and reduce emissions[13]. - The group aims to reduce nitrogen oxides (NOx), sulfur oxides (SOx), and particulate matter emissions by 2% by the fiscal year 2027[7]. - The group has implemented various resource management measures, including reuse, recycling, and waste reduction strategies[31]. - The group is committed to annual assessments of greenhouse gas emissions to support future reduction targets[13]. - The group is committed to reducing waste and following the internationally recognized "5R" principles in its operations[78]. - The group is closely monitoring climate change regulations and adjusting its strategies to meet regulatory requirements[67]. Employee Training and Welfare - As of March 31, 2024, the total number of trained employees is 5, representing 27% of the workforce, an increase of 5% from the previous year[47]. - The average training hours per employee increased by 60% to 3.1 hours compared to the previous fiscal year[50]. - Total training hours for the group reached 58 hours, a 9% increase from 53 hours in the previous year[56]. - 100% of senior management received training, up from 50% in the previous year, indicating a 50% increase[47]. - The average training hours for senior management rose to 11.6 hours, a 63% increase from 7.1 hours in the previous year[56]. - The group has a strong focus on employee welfare, ensuring a safe and healthy work environment[68]. - The group encourages all employees to pursue further education and participate in external training programs, providing training subsidies[46]. - The company is committed to providing a safe, clean, and healthy work environment for employees, protecting them from occupational hazards[45]. - The group has implemented a strict no-smoking policy to ensure a healthy and safe working environment[45]. - The company provides a harmonious and professional work environment, ensuring reasonable compensation for all employees[192]. Financial Performance - The group recorded total revenue of approximately HKD 273,889,000 for the year ending March 31, 2024, an increase of about HKD 97,086,000 or 54.91% compared to HKD 176,803,000 in the previous year[88]. - Revenue from chemical products trading increased by HKD 71,537,000, driven by a rebound in demand due to the normalization of operations in China[88]. - The group reported a loss attributable to shareholders of approximately HKD 36,531,000, an improvement from a loss of HKD 50,721,000 in the previous year[89]. - The asset-liability ratio (excluding cash and cash equivalents) rose to approximately 695.7% from 270.1% in the previous year, primarily due to a decrease in trade receivables[90]. - Cash and cash equivalents as of March 31, 2024, were approximately HKD 127,000, a significant decrease from HKD 9,456,000 in the previous year[90]. - Administrative expenses decreased by 16.28% to approximately HKD 15,785,000, attributed to strict cost control measures implemented by the group[106]. - Total borrowings were approximately HKD 223,239,000, a slight decrease from HKD 229,128,000 in the previous year[107]. - The company’s gross profit for the year ended March 31, 2024, was approximately HKD 1,553,000, compared to approximately HKD 567,000 for the year ended March 31, 2023[130]. - The gross profit margin increased to approximately 0.57% for the year ended March 31, 2024, up from 0.32% for the year ended March 31, 2023, primarily due to higher margins in the sales and integrated services segment[130]. Corporate Governance and Compliance - The company has complied with the corporate governance code as per the listing rules, with a noted deviation from rule C.2.1[197]. - The board is responsible for formulating and approving the group's development, business strategy, policies, annual budget, and business plans[199]. - The independent auditor is involved in ensuring compliance with governance standards[193]. - The company has confirmed that all directors have complied with the required standards as of March 31, 2024[184]. - The company has complied with the disclosure requirements of the Listing Rules regarding connected transactions[185]. - The company has not encountered any significant violations related to child labor or forced labor during the reporting period[68]. - The group adheres to relevant laws and regulations, with no reported environmental violations during the reporting period[74]. - The group has established a qualified supplier evaluation mechanism, removing suppliers that fail to meet standards[70]. - There were no significant negative impacts related to business ethics, environmental protection, human rights, or labor practices from suppliers during the reporting period[62]. Business Strategy and Future Outlook - Management is focused on improving operational efficiency in the sales and service segments through rigorous project selection and cost control measures[109]. - The company is actively seeking acquisition or investment opportunities with growth potential and is in discussions with multiple parties regarding such acquisitions or investments[110]. - The company plans to conduct fundraising activities, such as share placements or loan capitalizations, to strengthen and improve its financial position[110]. - The company will continue to improve operational efficiency by standardizing procedures and simplifying processes to eliminate redundancies and bottlenecks[135]. - The company aims to strengthen budget management and strictly implement cost and expense control measures to restore profitability[135]. - The company is closely monitoring global economic trends to seize business opportunities[135]. - The company’s major business segments include general trading of chemical products and providing integrated services for computer and communication systems[134]. - There are no significant changes in the nature of the company's main business during the year[144]. Shareholder Information - The company’s major shareholder, Lin Qingqu, holds 495,460,166 shares, representing approximately 288.93% of the total shareholding[156]. - The company has a total of 305,490,241 shares held by Wei Jun Investment Fund, representing approximately 178.15% of the total shareholding[156]. - As of March 31, 2024, the company had issued a total of 267,389,531 ordinary shares[177]. - The company has not received any notifications regarding major shareholders holding shares or related interests as of March 31, 2024[180]. - The company has not granted, exercised, canceled, or allowed any stock options to expire during the fiscal year ending March 31, 2024[182]. - The company has not purchased, sold, or redeemed any listed securities during the fiscal year ending March 31, 2024[188]. - The board composition includes the chairman and CEO, with a recent resignation noted[198]. - The company has no significant related party transactions or continuing related party transactions for the year ending March 31, 2024[160].

Financial Performance - The company reported a total revenue of HKD 273,889,000 for the fiscal year ending March 31, 2024, compared to HKD 176,803,000 in the previous year, representing a year-over-year increase of 55%[5]. - The gross loss for the year was HKD 36,474,000, an improvement from a loss of HKD 51,752,000 in the previous year, indicating a reduction in losses by approximately 29%[5][14]. - The total comprehensive expenses for the year amounted to HKD 37,831,000, down from HKD 46,696,000 in the previous year, reflecting a decrease of about 19%[3][16]. - The basic and diluted loss per share improved to HKD (13.66) from HKD (18.97) in the previous year, reflecting a positive trend in loss per share[5]. - The company reported a loss attributable to shareholders of approximately HKD 36,531,000 as of March 31, 2024[21]. - The company's loss for the year was HKD 36,531,000, a decrease from HKD 50,721,000 in the previous year, representing a reduction of approximately 28.5%[79]. - The group reported a pre-tax loss of HKD 51,752,000 for the year, with a total loss of HKD 51,752,000[43][44]. Liquidity and Financial Position - The company’s current liabilities net value improved to HKD (54,976,000) from HKD (168,453,000) in the previous year, showing a significant enhancement in liquidity[8]. - The company’s cash and bank balances decreased to HKD 127,000 from HKD 9,156,000 in the previous year, indicating a liquidity challenge[8]. - The company’s total assets less current liabilities showed a reduction in deficit to HKD (54,913,000) from HKD (164,932,000), indicating improved financial stability[8]. - As of March 31, 2024, the company recorded current liabilities net worth of approximately HKD 54,976,000 and net debt of approximately HKD 240,288,000[21]. - The company has drawn loans of approximately HKD 13,679,000 and secured undrawn loan financing of approximately HKD 186,321,000 from its ultimate holding company[21]. - The company has received undrawn loan financing of approximately HKD 100,000,000 from the chairman, who agreed not to cancel this financing until all other third-party debts are settled[23]. - The company has a commitment from a related company to defer the settlement of trade and other payables amounting to approximately HKD 3,915,000 until all other third-party debts are repaid[23]. - The board believes the company will have sufficient cash resources to meet its operational and financing needs for the next twelve months[21]. - The company reported financial costs of HKD 26,403,000 for the period[34]. - The company has a total of HKD 49,117,000 in total liabilities, down from HKD 79,311,000 in the previous year, indicating a reduction in financial obligations[93]. Strategic Plans and Growth - The company plans to pursue strategic acquisitions to gain new business opportunities in the Chinese market and strengthen its revenue and profit base[12]. - The company is actively seeking growth projects for acquisition or investment, indicating a focus on expansion and market penetration[12]. - The group plans to raise sufficient funds through discussions with potential investors to ensure continued operations[35]. - The group aims to enhance operational efficiency by standardizing procedures and simplifying processes while closely monitoring global economic trends for business opportunities[119]. - The company plans to conduct fundraising activities, such as share placements or loan capitalizations, to strengthen and improve its financial position[128]. - The management continues to enhance operational efficiency in the sales and integrated services segment through stringent project selection and cost control measures[135]. Operational Segments - The group has identified two operating segments: sales and integrated services, and general trading, which are regularly reviewed by the chief operating decision-maker[38][39]. - The sales and integrated services segment generated revenue of HKD 31,933,000, while the general trading segment contributed HKD 241,956,000[53]. - The group’s revenue from customer B accounted for 39% of general trading revenue, increasing from 25% in the previous year[65]. Accounting and Compliance - The company has adopted new accounting standards that do not have a significant impact on its financial position or performance[25]. - The group has adopted new and revised Hong Kong Financial Reporting Standards effective for the current year[36]. - The company has adopted the Corporate Governance Code and confirmed compliance with its provisions as of March 31, 2024[140]. Employee and Management - As of March 31, 2024, the group has a total of 10 employees, primarily based in Hong Kong[137]. - The board expresses gratitude to all employees and management for their contributions during the year and thanks shareholders and investors for their continued support[147]. Dividend and Shareholder Returns - The company did not recommend the distribution of dividends for the years ending March 31, 2023, and March 31, 2024[86]. - The board has decided not to recommend the payment of a final dividend for the year ending March 31, 2024[134]. Other Financial Metrics - The group recorded a net gain of HKD 2,061,000 from other income[34]. - The group recorded an impairment loss of HKD 7,297,000 on other receivables[42]. - The expected credit loss provision for other receivables was HKD 2,099,000, a decrease from HKD 7,297,000 in the previous year, suggesting improved credit risk management[90]. - The cost of goods sold increased to HKD 272,336,000 from HKD 176,236,000, reflecting a significant rise in operational costs[85]. - Cash and cash equivalents totaled approximately HKD 127,000 as of March 31, 2024, a significant decrease from HKD 9,456,000 in 2023[116]. - The group's total assets amounted to HKD 32,068,000, while total liabilities were HKD 272,356,000 as of March 31, 2023[48]. - The total borrowings of the group were approximately HKD 223,239,000 as of March 31, 2024, a decrease from HKD 229,128,000 in 2023[125]. - The group's current ratio was approximately 0.37 times as of March 31, 2024, compared to 0.32 times in 2023[126]. - The group’s debt-to-asset ratio (excluding cash and cash equivalents) was approximately 695.7% as of March 31, 2024, compared to 270.1% in 2023[116]. Trading and Market Activity - The company has applied for the resumption of trading of its shares on the stock exchange starting from July 30, 2024[146]. - There were no significant acquisitions or disposals during the year ending March 31, 2024[138].

Revenue Performance - The group recorded total revenue of approximately HKD 152,384,000 for the six months ended September 30, 2023, representing an increase of about 44% compared to HKD 105,468,000 for the same period last year[9]. - Revenue from the general trading business increased from approximately HKD 105,468,000 to HKD 120,248,000, primarily due to increased chemical sales during the period[9]. - The sales and integrated services segment generated revenue of approximately HKD 32,136,000, a significant recovery from the previous year when no revenue was recorded[9]. - For the six months ended September 30, 2023, the company reported revenue of HKD 152,384,000, an increase of 44.4% compared to HKD 105,468,000 for the same period in 2022[61]. - Revenue from the sales and integrated services segment was HKD 230,136,000, while revenue from general trading was HKD 120,248,000, totaling HKD 152,384,000 for the reporting period[86]. Profitability and Losses - The group achieved a gross profit of approximately HKD 1,058,000 with a gross margin of about 0.7%, compared to HKD 247,000 and 0.2% in the same period last year[11]. - Losses in the general trading segment decreased to approximately HKD 287,000 from HKD 4,062,000 in the previous year[11]. - The sales and integrated services segment recorded a profit of approximately HKD 577,000, recovering from a loss of HKD 1,292,000 in the same period last year[11]. - The company incurred a loss before tax of HKD 18,686,000, which is an improvement from a loss of HKD 26,488,000 in the previous year, reflecting a reduction in losses by approximately 29.5%[61]. - The company reported a consolidated loss of HKD 26,488,000 for the six months ended September 30, 2023, compared to a loss of HKD 5,354,000 for the same period in 2022[91]. - The loss attributable to the company's owners for the six months ended September 30, 2023, was HKD 18,969,000, compared to HKD 25,856,000 for the same period in 2022, indicating a reduction in losses[103]. Financial Position - As of September 30, 2023, total debt is approximately HKD 274,853,000, an increase from HKD 229,128,000 as of March 31, 2023[15]. - The net debt to total assets ratio is approximately 200.7%, a decrease of 69.4% compared to 270.1% as of March 31, 2023[15]. - Cash and cash equivalents as of September 30, 2023, are approximately HKD 32,204,000, up from HKD 9,156,000 as of March 31, 2023[15]. - The current ratio as of September 30, 2023, is approximately 0.39, an increase from 0.32 as of March 31, 2023[15]. - Total liabilities increased to HKD 306,935,000 from HKD 246,274,000, reflecting a rise of 24.6%[66]. - The company's accumulated losses reached HKD 593,373,000 as of September 30, 2023, compared to HKD 574,404,000 as of March 31, 2023[70]. - The company's total equity attributable to shareholders decreased to HKD (274,198,000) from HKD (246,727,000), indicating a decline of about 11.1%[70]. Operational Efficiency and Cost Management - Administrative expenses decreased by approximately 27.1% to about HKD 7,068,000 from HKD 9,690,000 in the previous year[12]. - The company continues to implement measures to improve operational cash flow and closely monitor administrative expenses and operating costs[81]. - Future outlook includes enhancing operational efficiency through standardized procedures and strict cost control measures[27]. Shareholder and Corporate Governance - The company will not declare an interim dividend for the six months ending September 30, 2023[28]. - The company has received approval for changes to the terms of existing convertible bonds, extending their maturity to August 31, 2025, which will improve the net current liabilities situation[20]. - The company has taken measures to appoint an additional independent non-executive director to comply with listing rules by November 21, 2023[54]. - The company confirmed compliance with the standards of the Stock Exchange's Listing Rules throughout the six months ended September 30, 2023[47]. Employee and Management Information - Employee costs for the six months ended September 30, 2023, amounted to approximately HKD 2,552,000, compared to HKD 2,503,000 for the same period in 2022, reflecting a slight increase of 1.95%[42]. - The total remuneration for key management personnel for the six months ended September 30, 2023, was HKD 1,171,000, down from HKD 1,389,000 in the same period of 2022[113]. - The company maintained 11 employees as of September 30, 2023, consistent with the number as of March 31, 2023[42]. Cash Flow and Financing Activities - The company reported a net cash outflow from operating activities of HKD 8,315,000 for the six months ended September 30, 2023, an improvement from HKD 13,997,000 for the same period in 2022[73]. - The company's cash flow from financing activities showed a net inflow of HKD 32,825,000, compared to HKD 12,627,000 in the previous year, representing a significant increase of approximately 159.5%[73]. - New borrowings amounted to HKD 32,291,000 during the period, a substantial increase from HKD 11,032,000 in the previous year[73]. Market and Strategic Outlook - The group is actively seeking acquisition opportunities to gain new business in the Chinese market and strengthen its revenue and profit base[80]. - The company plans to raise sufficient funds through discussions with potential investors to ensure operational liquidity[81]. - The board believes that the group will have sufficient cash resources to meet its future operational funding needs for the next twelve months[79].

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：1013） 截至二零二三年九月三十日止六個月之中期業績 偉 俊 集 團 控 股 有 限 公 司（「本公司」）董 事 會（「董事會」）特 此 公 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 之 未 經 審 核 簡 明 綜 合 中 期業績，連同二零二二年同期之比較數字。 簡明綜合損益表 截至二零二三年九月三十日止六個月 | --- | --- | |-------|------------| | | 二零二二年 | | | 未經審核 | | 附 註 | 千港元 | 收 益 4 152,384 105,468 銷售成本 (151,326) (105,221) | --- | --- | --- | --- | |----------------------|-------|-------- ...

Financial Performance - The group recorded total revenue of approximately HKD 176,803,000 for the year ended March 31, 2023, a decrease of about HKD 57,123,000 or 24.42% compared to HKD 233,926,000 in 2022[7]. - The gross profit for the year was approximately HKD 567,000, resulting in a gross margin of about 0.32%, down from 0.47% in the previous year[8]. - Administrative expenses decreased by 40.14% to approximately HKD 18,856,000 from about HKD 31,499,000 in 2022[9]. - The group reported a loss attributable to owners of approximately HKD 50,721,000, compared to a loss of HKD 127,083,000 in 2022[10]. - Total borrowings increased to approximately HKD 229,128,000 from HKD 187,309,000 in the previous year[11]. - The group's asset-to-liability ratio (excluding cash and cash equivalents) rose to approximately 270.1% from 125.0% in 2022[13]. - Cash and cash equivalents totaled approximately HKD 9,456,000, down from HKD 14,190,000 in the previous year[13]. - The current ratio at the fiscal year-end was approximately 0.32, down from 1.01 in the previous year[14]. - The board has decided not to recommend a final dividend for the year ending March 31, 2023, compared to none in the previous year[15]. - As of March 31, 2023, the company had no available reserves for distribution to shareholders (2022: none) [37]. Strategic Initiatives - The company aims to enhance operational efficiency by standardizing procedures and simplifying processes to eliminate redundancies and bottlenecks[16]. - Future strategies include strengthening budget management and implementing strict cost control measures to restore profitability[16]. - The company is actively seeking growth opportunities through acquisitions or investments and is in discussions with multiple parties regarding such activities[17]. - Plans to conduct fundraising activities, such as share placements or loan capitalizations, to improve financial conditions[17]. Corporate Governance - The company has established service agreements with executive directors for a term not exceeding three years, which will continue until terminated by either party with one month's written notice[39]. - The remuneration of directors is subject to approval by shareholders at the annual general meeting[41]. - The company has not received any notifications regarding major shareholders holding any short positions as of March 31, 2023[53]. - Major shareholders include Mr. Lin Qingqu and the Weijun Investment Fund, both holding significant stakes in the company[50]. - The company has not received any notifications of individuals holding any interests or short positions that require disclosure under the Securities and Futures Ordinance[54]. - The company’s major shareholders have been disclosed in accordance with the Securities and Futures Ordinance[50]. - The company has three board committees: the Remuneration Committee, Audit Committee, and Nomination Committee, to strengthen operational functions[102]. - The board is responsible for reviewing its composition and monitoring the independence of non-executive directors[92]. - The company is committed to achieving board diversity, considering factors such as gender, age, nationality, and professional experience[97]. Risk Management - The board of directors is responsible for the risk management and internal control systems, which are continuously reviewed for effectiveness[122]. - The group has identified significant risks in its operating environment and has measures in place to manage these risks[123]. - An external consultant conducts the internal control review, reporting directly to the audit committee, with findings communicated to management for corrective actions[124]. - The group conducts annual reviews of its risk management and internal control systems, covering all significant controls including financial and operational[127]. Environmental, Social, and Governance (ESG) - The ESG report aims to provide stakeholders with a comprehensive understanding of the group's performance in environmental protection, labor policies, operational practices, and community engagement[133]. - Key performance indicators (KPIs) in the ESG report are quantifiable, allowing for comparisons with industry standards and past performance[134]. - The group aims to integrate ESG considerations into daily operations and has developed key performance indicators for ESG, comparing them with the results from the 2022 fiscal year[137]. - The group has committed to sustainable development as a crucial aspect of future growth, with the board responsible for setting the direction and strategy for sustainability[139]. - The group reported a 40.41% reduction in nitrogen oxides (NOx) emissions, from 1,679.83 grams in 2022 to 1,000.98 grams in 2023[153]. - The group has set a KPI target to reduce NOx emissions density by 2% before 2027, based on 2022 as the baseline year[156]. - The group emphasizes the importance of preventing child labor and forced labor, customer information and privacy protection, and compliance with intellectual property rights as key ESG focus areas[149]. Employee Management - The group has a total of 15 employees as of March 31, 2023, primarily located in Hong Kong[72]. - The total number of employees increased by 9.09% to 27 as of March 31, 2023, compared to the previous year[186]. - Employee turnover rate rose significantly from 17% to 73% year-on-year[188]. - All employees are provided with fair compensation and benefits, including medical insurance and statutory holidays[191]. - Employee training is emphasized as a key component for enhancing skills and improving work quality[200]. - The group encourages participation in external training programs and provides training subsidies for employees[200].

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倚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：1013） 二零二三年之年度業績公告 偉 俊 集 團 控 股 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 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 之 經 審 核 綜 合 業 績， 連同上年度之比較數字如下： 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 | | 收 入 | 4 | 176,803 | 233,926 | | 銷售成本 | | (176,236) | (232, ...

Revenue Performance - The total revenue for the six months ended September 30, 2022, was approximately HKD 105,468,000, a decrease of about 16% compared to HKD 124,994,000 for the same period last year[10]. - The general trading business revenue increased from approximately HKD 83,756,000 to HKD 105,468,000, primarily due to an increase in chemical sales during the period[10]. - Revenue for the six months ended September 30, 2022, was HKD 105,468,000, a decrease of 15.6% compared to HKD 124,994,000 in the same period of 2021[52]. - Revenue from external customers in China was HKD 105,468,000 for the six months ended September 30, 2022, down 15.7% from HKD 124,994,000 in the same period of 2021[87]. Profitability and Loss - The company recorded a loss attributable to owners of approximately HKD 25,856,000, slightly improved from HKD 26,866,000 in the previous year[12]. - The company reported a loss before tax of HKD 26,488,000, slightly improved from a loss of HKD 27,298,000 in the previous year, representing a reduction of 2.95%[52]. - Total comprehensive loss for the period was HKD 27,626,000, compared to HKD 27,695,000 in the prior year, indicating a decrease of 0.25%[55]. - For the six months ended September 30, 2022, the company reported a loss attributable to owners of approximately HKD 25,856,000[70]. - The company reported a total comprehensive loss of HKD 26,488,000, compared to a loss of HKD 27,298,000 for the six months ended September 30, 2021[79]. Financial Position - The net debt ratio increased to approximately 176% from 125% compared to the end of the previous fiscal year[13]. - The current ratio as of September 30, 2022, was approximately 0.43, down from 1.00 as of March 31, 2022[13]. - Current liabilities exceeded current assets by HKD 147,334,000, leading to a negative net current asset position[57]. - As of September 30, 2022, the company recorded net current liabilities of approximately HKD 147,334,000 and net liabilities of approximately HKD 211,726,000, indicating significant uncertainty regarding the company's ability to continue as a going concern[70]. - The total equity attributable to the owners of the company decreased to HKD (228,180,000) from HKD (200,970,000), indicating a decline of 13.5%[59]. Cost Management - Administrative expenses decreased by approximately 6.8% to HKD 9,690,000 from HKD 10,394,000 in the previous year[12]. - Financial costs decreased by approximately 27% to HKD 12,513,000 from HKD 17,214,000, mainly due to reduced interest expenses on convertible bonds[12]. - The company aims to strengthen budget management and implement strict cost control measures to restore profitability[23]. - The company will continue to enhance cost management and analysis mechanisms to improve financial performance[23]. - The company has committed to improving its working capital and cash flow by closely monitoring administrative expenses and operating costs[72]. Operational Efficiency - The company will improve operational efficiency by standardizing procedures and simplifying processes to eliminate redundancies and bottlenecks[23]. - The company is closely monitoring global economic trends to seize all business opportunities[23]. - The company is actively seeking growth projects for acquisition or investment and is in discussions with multiple parties regarding these opportunities[72]. Shareholder Information - The board has decided not to declare an interim dividend for the six months ending September 30, 2022, compared to no dividend declared for the same period in 2021[24]. - As of September 30, 2022, Mr. Lin Qingqu holds 3,694,314,332 shares, representing 172.70% of the company's equity[27]. - The company has issued convertible bonds with a principal amount of HKD 152,000,000, which could lead to the issuance of 3,166,666,666 shares upon full conversion[34]. - The total number of shares that can be issued upon the exercise of all options granted under the share option scheme shall not exceed 10% of the total issued shares as of the adoption date[35]. - No share options were granted, exercised, canceled, or lapsed during the six months ending September 30, 2022, and there are no unexercised options as of that date[35]. Employee Information - As of September 30, 2022, the group had a total of 11 employees, down from 17 as of March 31, 2022, with employee costs approximately HKD 2,503,000 for the six months ended September 30, 2022, compared to HKD 2,792,000 for the same period in 2021[37]. - The total remuneration for key management personnel for the six months ended September 30, 2022, was HKD 1,389,000, a decrease from HKD 1,956,000 in the previous year[111]. Compliance and Governance - The company has adopted the standard code of conduct for securities transactions by directors as per the listing rules, and all directors confirmed compliance during the six months ended September 30, 2022[42]. - The company complied with all relevant provisions of the corporate governance code, except for deviations regarding the attendance of independent non-executive directors at meetings and the separation of the roles of chairman and CEO[43]. - The audit committee, consisting of three independent non-executive directors, reviewed the group's unaudited interim results and the interim report for the six months ended September 30, 2022[49]. Future Outlook - The company plans to consider improving its financial position through fundraising activities such as rights issues or loan capitalizations if necessary[14]. - The company plans to pursue strategic acquisitions to capture new opportunities in the Chinese market and strengthen its revenue and profit base[71]. - The company has not applied new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective, and it is currently assessing their potential impact[73]. Asset and Liability Management - As of September 30, 2022, total assets amounted to HKD 114,849,000, a decrease of 17.1% from HKD 138,493,000 as of March 31, 2022[82][83]. - Total liabilities increased to HKD 326,575,000 as of September 30, 2022, compared to HKD 322,593,000 as of March 31, 2022, reflecting a slight increase of 1.0%[82][83]. - The company has drawn down loans of approximately HKD 2,975,000 and has access to undrawn loan facilities of approximately HKD 207,025,000 from its ultimate holding company, which will not require repayment within twelve months from the approval date of the financial statements[71].

Financial Performance - The company reported total revenue of approximately HKD 233,926,000 for the year ended March 31, 2022, an increase of 46.36% from HKD 159,834,000 in the previous year[10]. - Gross profit for the year was approximately HKD 1,097,000, with a gross margin of 0.47%, down from 2.09% in the previous year, primarily due to a low-margin sales strategy in a challenging economic environment[10]. - Administrative expenses increased by 17.11% to approximately HKD 31,499,000, while financial costs rose by 56.69% to approximately HKD 34,267,000, mainly due to increased interest on convertible bonds[10]. - The company recorded a loss attributable to owners of approximately HKD 127,083,000, compared to a loss of HKD 17,932,000 in the previous year[11]. - Total borrowings amounted to approximately HKD 187,309,000, including convertible bonds of approximately HKD 182,303,000, reflecting an increase from HKD 127,815,000 in the previous year[12]. - The company's debt-to-asset ratio (excluding cash and cash equivalents) was approximately 125.0%, up from 68.90% in the previous year, primarily due to the increase in the fair value of convertible bond liabilities[14]. Operational Strategy - The company plans to enhance operational efficiency by standardizing procedures and simplifying processes, as well as strengthening budget management and cost control measures[17]. - The company is actively seeking growth opportunities for acquisitions or investments and is in discussions with multiple parties regarding such opportunities[19]. - The company intends to conduct fundraising activities, such as share placements or loan capitalization, to strengthen and improve its financial position[19]. Corporate Governance - The board does not recommend the distribution of a final dividend for the fiscal year ending March 31, 2022, consistent with the previous year[37]. - As of March 31, 2022, the company had no reserves available for distribution to shareholders, unchanged from the previous year[43]. - The financial performance and position of the group for the fiscal year ending March 31, 2022, are detailed in the consolidated financial statements on pages 65 to 133[36]. - The group’s financial risk management objectives and policies are outlined in the consolidated financial statements, indicating a structured approach to managing potential risks[35]. - The board is responsible for overseeing the company's business strategies, policies, and annual budgets[92]. - The board is responsible for the risk management and internal control systems, which are continuously reviewed for effectiveness[132]. Shareholder Information - The company reported a total of 1,554,338,600 shares held by controlling entities, representing 72.66% of the total issued share capital[53]. - The beneficial owner, Mr. Lin Qingqu, holds 38,481,000 shares, accounting for 1.8% of the total shares[53]. - The company has a sufficient public float, with at least 25% of the issued shares held by the public[72]. - The company did not purchase, sell, or redeem any of its listed securities during the year ended March 31, 2022[76]. Employee and Management - The group employed a total of 17 employees as of March 31, 2022, primarily based in Hong Kong[78]. - The company has fully complied with all obligations to employees, including salaries, benefits, and insurance[200]. - The independent non-executive directors have service agreements for a term of two years, which can be terminated with one month's written notice[45]. - The company emphasizes continuous professional development for all directors to ensure they remain informed and effective in their roles[106]. Environmental, Social, and Governance (ESG) - The company is committed to environmental sustainability and compliance with applicable laws and regulations in its operations[81]. - The group aims to become a leading network systems integrator and software developer, focusing on providing financial returns to shareholders and value to other stakeholders[144]. - The board is responsible for overseeing environmental, social, and governance (ESG) matters, ensuring management has the necessary tools and resources to monitor these issues[146]. - The report emphasizes the importance of stakeholder engagement and transparency in operations, with various communication channels established for feedback[157]. - The total greenhouse gas emissions for the year 2022 were 20.46 tons of CO2 equivalent, a decrease of 2.84 tons compared to 2021[170]. Audit and Compliance - The consolidated financial statements for the year ended March 31, 2022, have been audited by Zhonghui Anda CPA Limited[87]. - The audit committee conducted two meetings during the year, reviewing the audited financial statements and ensuring compliance with accounting principles and regulations[118]. - The audit committee expressed satisfaction with the independence of the external auditor and the audit process for the year ending March 31, 2022[119]. - The company has adopted a share option scheme, but no options were granted or exercised during the reporting period[61].

Financial Performance - For the six months ended September 30, 2021, the company recorded a revenue of approximately HKD 124,994,000, representing a 93% increase compared to HKD 64,797,000 for the same period last year[11] - The sales and integrated services segment generated approximately HKD 41,238,000 in revenue, while the general trade segment's agricultural product trade recorded approximately HKD 27,031,000 in revenue, with no revenue generated in these segments during the same period last year[11] - Gross profit for the six months ended September 30, 2021, was approximately HKD 279,000, an increase of about HKD 75,000 from approximately HKD 204,000 in the same period last year[11] - Revenue for the six months ended September 30, 2021, was HKD 124,994,000, representing a significant increase from HKD 64,797,000 in the same period of 2020, which is a growth of approximately 93%[50] - The gross profit for the same period was HKD 279,000, compared to HKD 204,000 in 2020, indicating a slight increase of about 36.7%[50] - The company reported a loss before tax of HKD 27,298,000 for the six months ended September 30, 2021, compared to a loss of HKD 18,136,000 in 2020, reflecting an increase in losses of approximately 50.6%[50] - Total comprehensive loss for the period was HKD 27,695,000, compared to HKD 19,256,000 in the previous year, marking an increase of about 43.9%[52] - The company reported a total of HKD 30,021,000 in contract liabilities as of September 30, 2021, indicating a significant increase in future revenue obligations[106] Expenses and Costs - Administrative expenses decreased by 14.2% to approximately HKD 10,394,000 from approximately HKD 12,118,000 in the previous year[12] - Financial costs increased by 144% to approximately HKD 17,214,000 from approximately HKD 7,056,000 in the same period last year, primarily due to interest from convertible bonds[12] - The group reported a segment loss of HKD 1,752,000 for the six months ended September 30, 2021, with unallocated company expenses of HKD 8,351,000[72] - The group’s financial costs for the period were HKD 17,214,000, contributing to the overall loss[72] Shareholder Information - The company reported a loss attributable to shareholders of approximately HKD 26,866,000 for the six months ended September 30, 2021, compared to a loss of approximately HKD 17,758,000 in the same period last year[12] - Basic and diluted loss per share increased to HKD 1.26 from HKD 0.83, representing a rise of approximately 52%[50] - The board decided not to declare an interim dividend for the six months ended September 30, 2021[22] Assets and Liabilities - Total borrowings amounted to approximately HKD 137,101,000, up from approximately HKD 127,815,000 as of March 31, 2021[13] - The company's net debt to total assets ratio was approximately 114.2%, compared to 68.9% as of March 31, 2021[14] - Cash and cash equivalents were approximately HKD 5,351,000 as of September 30, 2021, down from approximately HKD 19,705,000 as of March 31, 2021[14] - Non-current assets decreased from HKD 12,080,000 as of March 31, 2021, to HKD 7,658,000 as of September 30, 2021, indicating a decline of approximately 36.5%[54] - Current assets also decreased from HKD 144,777,000 to HKD 107,697,000, a reduction of about 25.6%[54] - Current liabilities decreased from HKD 144,077,000 to HKD 100,125,000, showing a decline of approximately 30.6%[54] - The company's total equity attributable to owners decreased from HKD (106,970,000) to HKD (134,207,000), indicating a worsening of approximately 25.4%[56] - The group recorded a net debt of approximately HKD 117,394,000, indicating significant uncertainty regarding the group's ability to continue as a going concern[64] Cash Flow and Financing - Cash and cash equivalents at the end of the period were HKD 26,137,000, compared to HKD 5,351,000 at the beginning of the period[59] - The net cash generated from investing activities was HKD 866,000 for the period[59] - The group repaid borrowings of HKD 18,984,000 during the financing activities[59] - The group experienced a foreign exchange loss of HKD 568,000 during the period[59] - The company has drawn loans of approximately HKD 16,011,000 and has secured undrawn loan financing of about HKD 83,989,000 from its ultimate holding company, Wai Chun Investment Fund[64] - Wai Chun Investment Fund will not require the company to repay these loans until all other liabilities of the group are settled[64] - The chairman has committed to providing sufficient funds to ensure the group can meet its third-party liabilities and financial debts for the next twelve months[64] - The group is in discussions with potential investors to raise sufficient funds through financing arrangements[64] Corporate Governance and Compliance - The company has adopted the standard code of conduct for securities trading by directors as per the listing rules, and all directors confirmed compliance as of September 30, 2021[35] - The company adhered to all relevant corporate governance code provisions during the six months ended September 30, 2021, except for provisions A.2.1 and A.4.1 regarding the separation of the roles of Chairman and CEO[36] - The audit committee, consisting of two independent non-executive directors, reviewed the group's unaudited interim financial results for the six months ended September 30, 2021[43] Strategic Initiatives - The company aims to enhance operational efficiency through standardized procedures and strict cost control measures to restore profitability[21] - The group is actively pursuing strategic acquisitions to secure new business opportunities and strengthen revenue and profit foundations[66] - The group is in discussions with multiple parties regarding potential acquisitions or investments with growth potential[66] Employee and Management - The company expressed gratitude to all employees and management for their contributions during the period and thanked shareholders and investors for their continued support[47] - The total remuneration for key management personnel for the six months ended September 30, 2021, is HKD 1,956,000, compared to HKD 2,241,000 for the same period in 2020[122] Related Party Transactions - The company incurred related party transactions, including lease interest expenses of HKD 264,000 and salaries of HKD 270,000 for the six months ended September 30, 2021[120]

Financial Performance - The group recorded total revenue of approximately HKD 159,834,000 for the year ended March 31, 2021, representing an increase of about 18.6% compared to HKD 134,755,000 in 2020[8] - The general trading segment's revenue increased by approximately 65.5% to about HKD 129,514,000, driven by agricultural product trading, which contributed approximately HKD 58,743,000[8] - Gross profit for the year was approximately HKD 3,341,000, a decrease of about 41.4% from HKD 5,705,000 in 2020, resulting in a gross margin of approximately 2.1%[8] - The loss attributable to owners of the company was approximately HKD 17,932,000, an improvement from a loss of HKD 28,094,000 in 2020[10] - As of March 31, 2021, the company's net liabilities amounted to approximately HKD 89,699,000, indicating significant uncertainty regarding its ability to continue as a going concern[200] Expenses and Financial Costs - Administrative expenses increased by 16.5% to approximately HKD 26,898,000 from HKD 23,092,000 in 2020[9] - Financial costs rose by approximately 141.8% to about HKD 21,869,000, primarily due to increased interest on convertible bonds[9] - Total borrowings amounted to approximately HKD 127,815,000, down from HKD 179,141,000 in 2020, including convertible bonds of about HKD 83,953,000[11] Dividend and Shareholder Information - The group did not recommend the payment of a final dividend for the year ended March 31, 2021[14] - As of March 31, 2021, Lin Qingqu holds 1,592,819,600 shares, representing 74.46% of the company[46] - The beneficial owner of Wai Chun Investment Fund also holds 1,554,338,600 shares, which is 72.66% of the company[50] Corporate Governance and Compliance - The company has committed to enhancing corporate governance quality to attract investment and protect shareholder rights[80] - The company has adhered to the corporate governance code as per the listing rules, with some deviations noted in the separation of the roles of chairman and CEO[81] - The board of directors is composed of experienced individuals, ensuring a balance of executive and non-executive directors to oversee the company's business and affairs[84] - The company has adopted a code of conduct for directors' securities trading, ensuring compliance with the standards set out in the listing rules[116] - The company has confirmed that public shareholders hold at least 25% of the issued shares as required by listing rules[65] Environmental and Sustainability Initiatives - The company is committed to long-term sustainability through responsible resource use and compliance with environmental laws[72] - The total greenhouse gas emissions for the year 2021 were 23.30 tons of CO2 equivalent, a reduction of 17.18 tons compared to 2020[151][152] - The company implemented various energy-saving measures, including encouraging employees to use video conferencing to reduce unnecessary travel[150] - The group adheres to the 5R principles (Reduce, Reuse, Recycle, Refuse, Recover) to promote resource conservation and environmental responsibility[161] - The company is committed to sustainable operations and resource conservation, despite not generating significant harmful emissions[147] Employee and Labor Practices - The company has five major customers accounting for approximately 95% of total revenue, with the largest customer contributing about 46%[66] - The company has 19 employees as of March 31, 2021, primarily located in Hong Kong, and offers competitive compensation and performance-based bonuses[71] - The group emphasizes employee health and safety, ensuring compliance with legal safety regulations and providing a safe working environment[171] - The employee demographic breakdown shows 50% male and 50% female, with 33% of employees aged 30-50 and 22% aged over 50[169] - There were no significant violations of labor laws or regulations reported in 2021, and no substantial fines or non-monetary sanctions were incurred[168] Strategic Initiatives and Future Plans - The group aims to enhance operational efficiency through rigorous project selection and strict cost control measures[15] - The company plans to launch a new agricultural business in the current year[15] - Future strategies include standardizing procedures and simplifying operations to eliminate redundancies and bottlenecks[15] - The group is actively seeking acquisition or investment opportunities with growth potential[15] - The company intends to conduct fundraising activities, such as share placements or loan capitalization, to improve its financial position[15] Audit and Internal Controls - The audit committee has reviewed the audited consolidated financial statements for the year ending March 31, 2021, ensuring compliance with financial reporting procedures and internal controls[105][109] - The internal audit function is outsourced and reports directly to the audit committee, ensuring effective oversight of internal audit results and management responses[125] - The board believes that the internal control system and risk management were adequate and effective during the financial year[126] - The audit committee expressed satisfaction with the independence of the auditors and the audit process for the year ending March 31, 2021[108] Community Engagement and Social Responsibility - Community investment initiatives include supporting training for competitive software designers and engineers, encouraging employee participation in volunteer services[188] - The group actively supports environmental and social initiatives while conducting its business operations[188] - The group has established an internal audit system to prevent bribery and corruption, with no records of bribery or corruption during the reporting period[186]