Financial Performance - Revenue for the six months ended September 30, 2020, was HKD 64,797,000, a decrease of 20.7% compared to HKD 81,795,000 in 2019[36]. - Gross profit for the same period was HKD 204,000, down 92.4% from HKD 2,667,000 in 2019[36]. - The company reported a loss before tax of HKD 18,136,000, compared to a loss of HKD 11,963,000 in the previous year, representing a 51.5% increase in losses[36]. - Basic and diluted loss per share was HKD 0.083, compared to HKD 0.059 in 2019, indicating a 40.7% increase in loss per share[36]. - Total comprehensive loss for the period was HKD 19,256,000, compared to HKD 10,404,000 in 2019, reflecting an increase of 84.5%[39]. - The group reported a total loss for the period of HKD 18,136,000, compared to a loss of HKD 11,963,000 in the previous year, indicating a decline in performance[63][65]. - The segment performance for general trading showed a loss of HKD 271,000 for the six months ended September 30, 2020, compared to a profit of HKD 1,395,000 in the same period of 2019[63][65]. Financial Position - Total borrowings increased to approximately HKD 254,949,000 as of September 30, 2020, up from approximately HKD 179,141,000 as of March 31, 2020[11]. - The group's net debt to total assets ratio rose to approximately 219.5%, an increase of 31.1% compared to 188.4% at the end of the previous fiscal year[11]. - Cash and cash equivalents amounted to approximately HKD 26,137,000, compared to approximately HKD 12,008,000 as of March 31, 2020[11]. - The company’s total liabilities as of September 30, 2020, were HKD 211,925,000, compared to HKD 192,668,000 at the end of March 2020, representing a 9.7% increase[41]. - Total liabilities increased to HKD 316,286,000 as of September 30, 2020, compared to HKD 281,079,000 as of March 31, 2020[68]. - As of September 30, 2020, the group reported total liabilities exceeding total assets by approximately HKD 211,925,000, with a capital deficit attributable to owners of approximately HKD 208,442,000[51]. Cash Flow and Liquidity - The company reported a net cash inflow from operating activities of HKD 1,941,000, up from HKD 1,679,000 in the previous year, indicating a 15.6% increase[45]. - Cash and cash equivalents at the end of the period increased to HKD 26,137,000 from HKD 6,968,000, showing a significant improvement in liquidity[45]. - The board has reviewed cash flow forecasts for the next twelve months, believing the group will have sufficient cash resources to meet its operational and debt obligations[53]. Corporate Governance - The company has established an audit committee to oversee financial reporting and internal controls, which is currently composed of three independent non-executive directors[31]. - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by Lin Qingqu[29]. - The company announced the appointment of Chan Dai-yung as an independent non-executive director on July 2, 2020, to address a vacancy in the audit committee[32]. Strategic Plans and Outlook - The company plans to improve its financial condition through fundraising activities such as share placements or loan capitalization[12]. - The company is actively seeking acquisition or investment opportunities with growth potential and is in discussions with several independent third parties[9]. - Future outlook includes improving operational efficiency through standardized procedures and strict cost control measures[8]. - The group anticipates a gradual recovery in revenue from sales and integrated services in the second half of 2020[8]. - The company plans to implement strategic acquisitions to seek more business opportunities in the Chinese market, aiming to increase revenue and profit base[55]. - The company will consider capital-raising activities, such as rights issues or loan capitalizations, to strengthen its capital base if necessary[54]. Shareholder Information - The board decided not to declare an interim dividend for the six months ended September 30, 2020, consistent with the previous year[14]. - As of September 30, 2020, major shareholder Lin Qingqu holds 15,928,196,000 shares, representing 74.46% of the company's equity[19]. - Jia Jun Holdings Limited and Wei Jun Investment Fund each hold 15,543,386,000 shares, accounting for 72.66% of the company's equity[19]. - The company's issued ordinary shares as of September 30, 2020, totaled 21,391,163, with a total share capital of HKD 213,912,000[103]. Employee and Management Information - The company has a total of 15 employees as of September 30, 2020, primarily based in Hong Kong[22]. - The remuneration for key management personnel was HKD 180,000 for the six months ended September 30, 2020, a decrease from HKD 290,000 in the same period of the previous year[116]. - The company expresses gratitude to employees and management for their contributions during the period and appreciates the ongoing support from shareholders and investors[35]. Legal and Compliance Matters - The group is involved in a legal dispute with a supplier, with claims amounting to approximately HKD 9,281,000 for trade payables and HKD 1,650,000 for overdue settlement and legal fees[122]. - The group has not reported any significant changes in its risk management policies since the year-end[120]. - The financial report is prepared in accordance with Hong Kong Financial Reporting Standards and includes interim financial statements and selected explanatory notes[48].

Financial Performance - The group recorded total revenue of approximately HKD 134,755,000 for the year ended March 31, 2020, a decrease of about 34.2% compared to HKD 204,875,000 in 2019[7]. - Gross profit for the year was approximately HKD 5,705,000, down about 23.4% from HKD 7,444,000 in 2019, with a gross margin of approximately 4.2%[7]. - The group reported a loss attributable to owners of approximately HKD 28,094,000 for the year, compared to HKD 28,771,000 in 2019[9]. - The company has no distributable reserves available for shareholders as of March 31, 2020, the same as the previous year[35]. - The group recorded current liabilities and net liabilities of approximately HKD 77,501,000 and HKD 192,668,000, respectively[195]. - The capital deficiency attributable to owners was approximately HKD 190,459,000, indicating significant uncertainty regarding the group's ability to continue as a going concern[195]. - The group’s financial statements were prepared on a going concern basis, despite the significant uncertainties highlighted[195]. Cost Management - Administrative expenses decreased by 4.5% to HKD 23,092,000 from HKD 24,192,000 in 2019 due to stricter cost control measures[8]. - The group plans to enhance operational efficiency through standardized procedures and cost control measures to restore profitability[16]. Borrowings and Financial Position - Total borrowings amounted to approximately HKD 179,141,000, slightly down from HKD 180,242,000 in 2019[10]. - The asset-to-liability ratio (after deducting cash and cash equivalents) was approximately 189.0%, up from 133.7% in 2019[12]. - The group intends to conduct fundraising activities, such as share placements or loan capitalizations, to strengthen its financial position[16]. Dividends - No final dividend was recommended for the year ended March 31, 2020[13]. - The company did not recommend the distribution of a final dividend for the year ending March 31, 2020, consistent with the previous year[30]. Governance and Compliance - The board of directors includes independent non-executive directors who have confirmed their independence according to the listing rules[37]. - The company has established service agreements with executive directors for a term of up to three years, continuing until terminated with one month's notice[38]. - The company has confirmed compliance with the standards set out in the code of conduct for securities trading by directors[58]. - The company has complied with the public float requirement, with at least 25% of issued shares held by the public as of the report date[66]. - The company has adhered to the corporate governance code but has deviated from specific provisions regarding the tenure of non-executive directors[83]. Risk Management - The group’s financial risk management objectives and policies are outlined in the financial statements[28]. - The company emphasizes the importance of internal control systems and risk management, with the board playing a crucial role in overseeing these functions[86]. - The internal control and risk management systems were deemed sufficient and effective by the board during the financial year[131]. Employee Information - The group has a total of 15 employees, primarily located in Hong Kong, and provides competitive compensation along with discretionary bonuses based on performance[72]. - The total number of employees as of March 31, 2020, is 15, a decrease from 23 in 2019, with 10 in Hong Kong and 5 in Beijing[163]. - Gender distribution among employees in 2020 is 8 males to 7 females, compared to 13 males to 10 females in 2019[163]. - The company has maintained compliance with all statutory obligations regarding employee compensation, benefits, and welfare, with no complaints or disputes reported during the reporting period[163]. Environmental Responsibility - The company is committed to long-term sustainability through responsible resource use and compliance with applicable environmental laws and regulations[74]. - The company has implemented various energy-saving measures to reduce carbon emissions and is monitoring energy consumption closely[153]. - The company adheres to the "5R" principles (Reduce, Reuse, Recycle, Refuse, Recover) to promote resource conservation and environmental responsibility[158]. - The company has not received any penalties or warnings from environmental authorities regarding air, water, or waste pollution during the reporting period[150]. Stakeholder Engagement - The company engages with stakeholders through various communication channels, including annual performance evaluations and investor briefings[142]. - The company maintains open communication with stakeholders, including regular meetings with regulatory bodies and community engagement initiatives[142]. Audit and Financial Review - The audit committee reviewed the audited financial statements for the year ending March 31, 2020, and expressed satisfaction with the independence of the auditors[111]. - The total audit service fee received by the company for the year ended March 31, 2020, was HKD 500,000[122]. - The independent auditor's report emphasized the importance of the impairment assessment of trade and other receivables as a key audit matter[198].

Financial Performance - The group recorded a revenue of approximately HKD 81,795,000 for the six months ended September 30, 2019, a decrease of 26% compared to HKD 109,880,000 for the same period in 2018[5]. - Gross profit was approximately HKD 2,667,000 with a gross margin of 3.3%, an increase of approximately HKD 1,283,000 and 2.0 percentage points from the previous year's gross profit of HKD 1,384,000 and gross margin of 1.3%[5]. - The loss attributable to owners of the company was approximately HKD 12,639,000, a reduction of approximately HKD 1,018,000 or 7.45% from the loss of HKD 13,657,000 in the previous year[5]. - The company reported a total comprehensive loss of HKD 10,404,000 for the period, an improvement from HKD 12,905,000 in the previous year[36]. - The company reported a net foreign exchange loss of HKD 524,000 for the six months ended September 30, 2019, compared to a loss of HKD 8,000 in the previous year[93]. - The company incurred a trade receivables impairment loss of HKD 231,000 for the six months ended September 30, 2019, compared to HKD 2,975,000 in the same period of 2018[85]. - The company reported a loss before tax of HKD 15,870,000 for the six months ended September 30, 2019, compared to a loss of HKD 15,870,000 in the previous year[80]. Financial Position - The group had total borrowings of approximately HKD 154,601,000 as of September 30, 2019, down from HKD 180,242,000 as of March 31, 2019[9]. - The net debt to total assets ratio was approximately 139%, an increase of 5.3% from 133.7% at the end of the previous fiscal year[9]. - Total liabilities exceeded total assets by approximately HKD 180,472,000 as of September 30, 2019, raising concerns about the company's ability to continue as a going concern[33]. - The total liabilities increased to HKD 286,877,000 as of September 30, 2019, compared to HKD 280,952,000 as of March 31, 2019[83]. - The total equity attributable to owners decreased to HKD (176,491,000) from HKD (163,891,000) as of March 31, 2019, reflecting ongoing financial challenges[39]. - The company’s current liabilities exceeded current assets, resulting in a negative net current liabilities of HKD (72,059,000)[37]. Cash Flow - The company reported a net cash inflow from operating activities of HKD 1,679,000, a significant improvement from a cash outflow of HKD 31,143,000 in the previous period[40]. - Financing activities resulted in a net cash outflow of HKD 25,090,000, contrasting with a net inflow of HKD 13,785,000 in the same period last year[40]. - The cash and cash equivalents at the end of the period were HKD 6,968,000, down from HKD 34,481,000 at the end of the previous period[40]. Corporate Governance - The company has established an audit committee to oversee financial reporting and internal controls, as required by listing rules[24]. - The audit committee reviewed the group's unaudited interim financial performance for the six months ending September 30, 2019[25]. - The company has complied with the corporate governance code, with some deviations noted regarding the roles of the chairman and CEO[23]. - The company will take measures to fill vacancies in the audit committee and comply with listing rules following the passing of an independent non-executive director[24]. Shareholder Information - As of September 30, 2019, Mr. Lin Qingqu holds 16,005,330,000 shares, representing 74.82% of the company's equity[15]. - Supreme Union Holdings Limited, wholly owned by Mr. Lin, holds 15,543,386,000 shares, accounting for 72.66% of the company's equity[16]. - The company did not declare an interim dividend for the six months ended September 30, 2019, consistent with the previous year[100]. Strategic Plans - The group plans to improve its financial condition through fundraising activities such as share placements or loan capitalization if necessary[10]. - The company is actively seeking acquisition or investment opportunities with growth potential and is in discussions with several independent third parties regarding such acquisitions or investments[8]. - The company plans to implement strategic acquisitions to seek more business opportunities in the Chinese market, aiming to increase revenue and profit base[49]. Accounting Standards - The group has adopted new accounting standards, including HKFRS 16 on leases, which may impact its financial reporting[51]. - The application of HKFRS 16 requires the recognition of right-of-use assets and lease liabilities, affecting the group's financial position[58]. - The company recognized lease liabilities of approximately HKD 11,462,000 and corresponding right-of-use assets of HKD 11,462,000 as of April 1, 2019[67]. Employee Information - The group had a total of 18 employees as of September 30, 2019, with a focus on providing a good working environment and performance-based compensation[18]. Financial Risks - The group is exposed to various financial risks, including market risk (foreign exchange and interest rate risk), credit risk, and liquidity risk[137].

Financial Performance - The company's revenue increased by 93.0% to approximately HKD 204,875,000 for the year ended March 31, 2019, compared to HKD 106,153,000 in 2018[9] - The gross profit for the year was approximately HKD 7,444,000, with a gross margin of 3.6%, down from 5.6% in 2018[9] - The company reported a loss attributable to owners of approximately HKD 28,771,000, an improvement from a loss of HKD 33,505,000 in 2018[11] - The total liabilities of the group exceeded its assets by approximately HKD 170,068,000 and the owner's equity deficit was about HKD 163,891,000 as of March 31, 2019[130] - The group reported a loss of approximately HKD 28,771,000 for the year ended March 31, 2019[130] Cost Management - Selling and distribution expenses decreased by 99% to approximately HKD 18,000, compared to HKD 2,323,000 in 2018, due to cost control measures[9] - Administrative expenses decreased by approximately HKD 4,484,000 (15.6%) compared to the previous year due to stricter cost control[9] - The board is implementing measures to improve the group's working capital and cash flow, including close monitoring of general administrative expenses and operating costs[131] Financial Position and Strategy - The total borrowings of the group were approximately HKD 180,242,000, down from HKD 194,855,000 in 2018[12] - The asset-to-liability ratio (after deducting cash and cash equivalents) increased to 133.7% from 120.4% in 2018[15] - The company intends to conduct fundraising activities, such as share placements or loan capitalization, to improve its financial position[19] - The board believes that the group will have sufficient cash resources to meet its operational funding and other financing needs for the next twelve months[133] - The company is considering improving its financial position and expanding its capital base, which may include fundraising activities such as rights issues or loan capitalization if necessary[131] Governance and Compliance - The board of directors includes experienced members with extensive backgrounds in finance and law, enhancing governance and strategic oversight[39] - The board has confirmed their independence, aligning with corporate governance standards[40] - The company has complied with the corporate governance code as per the listing rules, although it deviated from certain provisions regarding the separation of roles between the chairman and CEO[88] - The independent non-executive directors have reviewed related party transactions and deemed them to be conducted on normal commercial terms and in the best interest of shareholders[66] - The company confirmed its responsibility for preparing consolidated financial statements in compliance with statutory requirements and applicable accounting standards[128] Environmental Performance - The company continues to enhance its environmental performance as a key part of its business strategy and operations[78] - The company successfully reduced indirect carbon dioxide emissions to 31.88 tons, a decrease of 34.6 tons or 52% compared to the previous reporting period[153] - Total direct and indirect greenhouse gas emissions amounted to 36.3 tons, down by 31.19 tons or 46.2% from the previous period[153] - The company's total electricity consumption for the year was 39,100 kWh, a reduction of 34,460 kWh or 46.8% compared to the previous year[159] - The company has adopted the 5R principles (Reduce, Reuse, Recycle, Refuse, Recover) to promote resource conservation and environmental responsibility[163] Employee and Labor Practices - The company employed a total of 23 employees as of March 31, 2019, primarily based in Hong Kong, and provided discretionary bonuses based on performance[76] - The total number of employees increased from 21 in 2018 to 23 in 2019, with 14 in Hong Kong and 9 in Beijing[172] - The company provided statutory benefits including mandatory provident fund for Hong Kong employees and unemployment, retirement, and housing insurance for Chinese employees[172] - Employee training programs were implemented to enhance skills and safety awareness, with basic business skills training provided to new hires[180] - The company adopted a "people-oriented" human resources policy to ensure a safe and healthy work environment[176] Risk Management - The financial risk management objectives and policies are detailed in the annual report, indicating a structured approach to managing potential risks[30] - The internal audit function is outsourced and reports directly to the audit committee, ensuring oversight of the internal audit results and management's responses[136] - The board has determined that the internal control system and risk management were adequate and effective during the financial year[137] Community Engagement - The group supports community investment by allocating resources to train competitive and innovative software designers and developers[194] - The group encourages employees to participate in volunteer services and charitable activities, providing paid leave for such participation[194]