香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部份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。 UNIVERSAL TECHNOLOGIES HOLDINGS LIMITED 環 球 實 業 科 技 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1026） 有關截至二零二二年報之 補充公佈 茲提述環球實業科技控股有限公司（「本公司」）截至二零二二年十二月三十一日止年度之年報（「二零 二二年報」）。除另行界定外，本公佈所用詞彙與二零二二年報內所界定者具相同涵義。 除二零二二年報中的董事會報告當中「股份獎勵計劃」一節及綜合財務報表附註33所披露的內容外， 本公司欲提供以下有關股份獎勵計劃的額外資料。 於二零二二年一月一日、二零二二年十二月三十一日及二零二二年報的日期，根據計劃授權授出及 根據股份獎勵計劃可發行的股份總數為551,300,000股，佔本公司已發行股本的10.0%。股份獎勵計 劃並無設定服務提供者分項限額。合資格人士在申請或接受股份獎勵計劃的獎勵時無需支付任何代 價。 ...

Financial Performance - For the year ended December 31, 2022, the company's revenue was HKD 349 million, a decrease of 5.3% or HKD 19.5 million compared to HKD 368.5 million in 2021[2]. - The basic and diluted loss per share for the year was HKD 0.0189, compared to HKD 0.0071 in 2021[3]. - The water supply and related services generated revenue of approximately HKD 312 million, down 4.8% or HKD 15.7 million from HKD 328 million in the previous year, partly due to operational disruptions caused by the COVID-19 pandemic[6]. - The property investment and development segment recorded revenue of approximately HKD 33 million, a decrease of 18% or HKD 7.4 million from HKD 40 million in the previous year[6]. - The financial services segment saw a significant increase in revenue to approximately HKD 3.9 million, up 1141% from HKD 0.318 million, primarily due to the recognition of full-year revenue following an acquisition[6]. - The net loss attributable to shareholders for the year was HKD 104.07 million, an increase of HKD 64.97 million compared to HKD 39.1 million in 2021[13]. - The company did not recommend any final dividend for the year ended December 31, 2022, consistent with the previous year[14]. Asset and Liability Management - The group's cash and bank balances decreased from HKD 866,270,000 as of December 31, 2021, to HKD 564,494,000 as of December 31, 2022, a reduction of HKD 301,776,000[34]. - The group's investment properties decreased from HKD 709,387,000 as of December 31, 2021, to HKD 656,381,000 as of December 31, 2022, a decline of HKD 53,006,000 due to currency depreciation[30]. - The group's intangible assets decreased from HKD 260,324,000 as of December 31, 2021, to HKD 189,370,000 as of December 31, 2022, a reduction of HKD 70,954,000 primarily due to impairment losses[32]. - The group's bank and other borrowings decreased from HKD 1,092,006,000 as of December 31, 2021, to HKD 949,952,000 as of December 31, 2022, a decrease of HKD 142,054,000 due to loan repayments[50]. - The group's prepaid land lease payments decreased from HKD 25,791,000 as of December 31, 2021, to HKD 23,686,000 as of December 31, 2022, a decrease of HKD 2,105,000 due to amortization[30]. - The group's equity in a joint venture decreased from HKD 268,172,000 as of December 31, 2021, to HKD 244,955,000 as of December 31, 2022, a decline of HKD 23,217,000 due to losses from the joint venture[32]. - The group's accounts receivable decreased by 25% or HKD 14,032,000 from HKD 56,691,000 as of December 31, 2021, to HKD 42,659,000 as of December 31, 2022, primarily due to reduced revenue from water supply and related businesses[69]. - The group's accounts payable decreased by HKD 5,747,000 from HKD 272,454,000 as of December 31, 2021, to HKD 266,707,000 as of December 31, 2022[72]. - The group's liquidity and financial resources are deemed sufficient to meet current obligations and operational funding needs, but may require additional borrowing or equity financing for large-scale expansions or acquisitions[57]. - The group's debt-to-asset ratio was 55% as of December 31, 2022, compared to 53% in the previous year[77]. Strategic Initiatives - The company aims to seek development and investment opportunities to create value for shareholders in the future[20]. - The group plans to maintain a steady development strategy while optimizing asset allocation and resource configuration to explore potential investment opportunities in the property market[41]. - The group aims to explore significant property projects in China and overseas to diversify risks and expand revenue sources[62]. - The group plans to continue focusing on property investment and development in China and overseas, seeking potential investment opportunities to increase recurring income and capital appreciation[83]. - The group has taken measures to control costs and seek opportunities for business development in response to challenges posed by the COVID-19 pandemic[85]. Corporate Governance - The board of directors includes independent non-executive members with extensive experience in finance and management[98][119]. - The board consists of seven directors, including three executive directors and three independent non-executive directors, complying with listing rules regarding independent director representation[126]. - The current arrangement of the chairman and CEO roles being held by the same individual is believed to provide strong leadership and effective management[123]. - The independent non-executive directors have confirmed their independence throughout the year, ensuring compliance with corporate governance standards[126]. - The company has purchased liability insurance for its directors and senior management to protect against legal liabilities arising from their duties[130]. - The board actively participates in meetings to provide independent judgment on strategy, performance, and management processes[127]. - The company has adopted corporate governance principles to enhance shareholder value and protect stakeholder interests[140]. - The board regularly reviews delegated functions to ensure they meet the group's needs[143]. Employee and Talent Management - The total number of employees as of December 31, 2022, was 405, a decrease from 427 in the previous year[65]. - The company emphasizes the importance of retaining talent and continuous training to achieve service excellence[141]. - The company expresses gratitude to its employees for their continuous contributions[102]. Shareholder Information - Major shareholders include 永城 with 1,561,140,000 shares, representing 28.32% of the total issued share capital[162]. - The company has no restrictions on the issuance of new shares to existing shareholders according to its articles of association or Cayman Islands law[170]. - The company will propose the reappointment of the retiring auditor at the upcoming annual general meeting[172]. Risk Management - The group is closely monitoring foreign exchange risks due to the restrictions imposed by the Chinese government on the RMB to HKD exchange rate[106]. - The group has received civil claims from a government-designated water plant totaling approximately RMB 291.1 million, which it believes lacks legal basis[109]. - The group has no other significant pending or threatened litigation against any member of the group as of the report date[109]. Financial Reporting and Compliance - The audit committee reviewed the audited financial statements for the year ending December 31, 2022, and discussed matters related to auditing, internal controls, risk management, and financial reporting[194]. - The company has not recorded any non-compliance issues related to environmental and social aspects during the year[150]. - The company has not made any significant investments or acquisitions of capital assets during the reporting period[89]. - The company has not engaged in any significant investments, acquisitions, or disposals during the year ended December 31, 2022, apart from those disclosed[104].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因倚賴該等內容 而引致之任何損失承擔任何責任。 UNIVERSAL TECHNOLOGIES HOLDINGS LIMITED 環 球 實 業 科 技 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1026） 截至二零二二年十二月三十一日止年度 全年業績公佈 全年概要 － 截至二零二二年十二月三十一日止年度之收入為349百萬港元（二零二一年：368.5百萬港 元），較去年減少19.5百萬港元或5.3%。該減少主要由於本集團的自來水供應業務收入及中國 的商用物業的租金收入減少所致。 － 截至二零二二年十二月三十一日止年度之本公司股東應佔虧損淨額為104.07百萬港元（二零 二一年：39.1百萬港元），較去年增加64.97百萬港元。虧損增加主要由於(i)誠如先前所宣佈本 集團半年度業績所預期，本集團全年自來水供應業務和物業投資及發展業務收入輕微減少及 經營成本、員工成本及行政費用增加所致；(ii)本集團以人民幣計值之資產之匯兌虧損增 ...

Financial Performance - Revenue for the six months ended June 30, 2022, was approximately HKD 169.14 million, a decrease of 2% compared to HKD 173.25 million for the same period in 2021[5] - Net loss attributable to shareholders for the six months ended June 30, 2022, was approximately HKD 43.50 million, an increase of 73% from HKD 25.14 million in the same period of 2021[5] - Basic and diluted loss per share for the six months ended June 30, 2022, was HKD 0.79, compared to HKD 0.46 for the same period in 2021[5] - The group reported an operating loss of HKD 35.58 million for the six months ended June 30, 2022, compared to an operating loss of HKD 8.06 million in the same period of 2021[9] - Total comprehensive loss for the six months ended June 30, 2022, was HKD 99.83 million, compared to HKD 28.16 million for the same period in 2021[15] - The increase in losses was primarily due to the acquisition of a financial services business in November 2021 and rising operational costs[5] - The company reported a pre-tax loss of HKD 43,500,000 for the six months ended June 30, 2022, compared to a loss of HKD 25,142,000 for the same period in 2021, representing a year-over-year increase of 72.6% in losses[58] - The loss attributable to shareholders for the same period was HKD 43,500,000, an increase of HKD 18,358,000 or 73% year-on-year[122] Revenue Breakdown - Revenue from water supply and related services was HKD 147,481 thousand, down 3.4% from HKD 153,013 thousand year-on-year[37] - Reportable segment revenue from water supply and related services was HKD 165,377,000 in 2022, down from HKD 173,249,000 in 2021, a decline of 4.9%[54] - The property investment and development segment recorded revenue of approximately HKD 17,761,000, a decrease of 12% or HKD 2,475,000 from HKD 20,236,000 in the previous year, due to reduced foot traffic and rental discounts offered to tenants[114] - The financial services segment generated revenue of approximately HKD 3,762,000, a 100% increase from zero in the previous year, following the acquisition of two financing companies in November 2021[115] - The group's main business revenue for the six months ended June 30, 2022, was approximately HKD 169,139,000, a decrease of 2% or about HKD 4,110,000 compared to HKD 173,249,000 in the same period last year[114] Assets and Liabilities - Non-current assets as of June 30, 2022, amounted to HKD 1,647.49 million, a decrease from HKD 1,742.76 million as of December 31, 2021[17] - Current assets as of June 30, 2022, totaled HKD 1,023.01 million, down from HKD 1,148.70 million as of December 31, 2021[17] - Total liabilities as of June 30, 2022, were HKD 1,871.76 million, compared to HKD 1,572.30 million as of December 31, 2021[20] - Total equity attributable to shareholders decreased to HKD 1,047,432 thousand from HKD 1,122,841 thousand, representing a decline of approximately 6.7% year-on-year[23] - Cash and cash equivalents decreased to HKD 693,174 thousand from HKD 794,948 thousand, reflecting a decline of approximately 12.7%[26] - The total bank borrowings decreased to HKD 1,013,447,000 as of June 30, 2022, from HKD 1,092,006,000 as of December 31, 2021, a reduction of 7.2%[93] Cash Flow - Net cash generated from operating activities for the six months ended June 30, 2022, was HKD 4,784 thousand, down 29.3% from HKD 6,778 thousand in the same period last year[26] - Net cash used in investing activities increased to HKD 19,443 thousand from HKD 16,987 thousand, reflecting a rise of 8.6% year-on-year[26] - Net cash used in financing activities significantly decreased to HKD 55,172 thousand from HKD 348,690 thousand, indicating a reduction of approximately 84.2% year-on-year[26] Operational Costs - Employee costs, including directors' remuneration, increased to HKD 31,430,000 in 2022 from HKD 25,820,000 in 2021, reflecting a rise of 22.5%[5] - General and administrative expenses rose by 59% to HKD 51,679,000, mainly due to increased operating costs and foreign exchange losses[126] - Cost of sales/services increased by HKD 7,784,000 to HKD 157,651,000, primarily due to higher costs in the water supply business[123] Strategic Focus - The company continues to focus on investment holding, property investment and development, property management, water supply services, and financial services[31] - The company aims to enhance corporate governance, operational efficiency, and employee training to improve competitiveness and long-term shareholder returns[117] - The company will continue to focus on water supply and property investment businesses, which are expected to provide stable income sources amid global economic uncertainties[119] - The company is exploring potential investment and development opportunities in China and overseas to diversify risks and enhance market competitiveness[119] Impact of COVID-19 - The ongoing COVID-19 pandemic has negatively impacted the company's business performance, prompting cost control measures and efforts to identify growth opportunities[120] - The company will continue to monitor the pandemic and global economic developments to address any impacts on its financial performance[120] Shareholder Information - The company reported a total of 5,513,000,000 shares issued and fully paid as of June 30, 2022, unchanged from previous periods[103] - As of June 30, 2022, the company has a total of 1,561,140,000 shares owned by Ms. Zhu and her controlled corporations, representing 28.32% of the issued share capital[172] - The beneficial ownership of shares includes 961,140,000 shares directly held by Yongcheng and 600,000,000 shares held by Bosun, with Yongcheng being wholly owned by Affluent Vast, which is in turn wholly owned by Ms. Zhu[179] Related Party Transactions - A related party transaction occurred on May 25, 2021, where the group agreed to acquire all issued share capital of a target company from a related party for a cash consideration of HKD 36,500,000[196]

Financial Performance - For the year ended December 31, 2021, the company's revenue was HKD 3,685 million, an increase of HKD 237.5 million or 7% compared to HKD 3,447.5 million in 2020[8] - The net loss attributable to shareholders for the year was HKD 39.1 million, an increase of HKD 2.76 million or 8% from HKD 36.34 million in 2020[8] - Basic and diluted loss per share for the year was HKD 0.71, compared to HKD 0.66 in 2020[8] - The company did not recommend any dividend for the year ended December 31, 2021, consistent with the previous year[8] - The company recorded revenue of HKD 368,501,000 for the fiscal year, an increase of 7% or HKD 23,753,000 compared to the previous fiscal year[23] - The net loss attributable to shareholders was HKD 39,102,000, an increase of HKD 2,765,000 from the previous fiscal year[23] Revenue Segments - The water supply and related services generated revenue of approximately HKD 327.7 million, up 7% from HKD 305.9 million in the previous year[15] - The property investment and development segment recorded revenue of approximately HKD 40.5 million, an increase of 4% from HKD 38.8 million in the previous year[15] - Revenue from water supply and related services was approximately HKD 327,729,000, up 7% or about HKD 21,822,000 from HKD 305,907,000 in the previous year, driven by urban development and increased demand for water supply[61] - The group's property investment and development segment recorded revenue of approximately HKD 40,454,000, a 4% increase or about HKD 1,613,000 from HKD 38,841,000 in the previous year[61] Acquisitions and Investments - The company completed the acquisition of securities brokerage and financial advisory businesses, aiming to enhance its comprehensive financial services capabilities[18] - The group completed the acquisition of all shares of Goodwin Financing Limited and Goodwin Securities Limited on November 3, 2021, aiming to develop into a comprehensive financial holding company[63] - The acquisition of Goodwin Securities Limited and Goodwin Financing Limited was completed on November 3, 2021, for a total cash consideration of HKD 36,500,000[73] - The company proposed to invest up to RMB 380,550,000 (approximately HKD 455,203,000) in Guangdong Nanyue Bank, but the investment was not completed[72] Financial Position - The company's cash and bank balances decreased by HKD 276,405,000 to HKD 866,270,000, mainly due to loan repayments[45] - The company’s accounts receivable increased by 19% to HKD 56,691,000, primarily due to the new acquisition in the financial services sector[43] - The company’s investment properties increased by HKD 23,284,000 to HKD 709,387,000, mainly due to the appreciation of RMB against the company’s functional currency[33] - As of December 31, 2021, the group's current assets net value was HKD 505,889,000, including cash and bank balances of HKD 799,632,000[58] - The group's asset-liability ratio was 53% as of December 31, 2021, compared to 52% in the previous year[58] Cost and Expenses - Cost of sales/services amounted to HKD 320,151,000, an increase of HKD 26,937,000, primarily due to the water supply and property investment and development businesses[24] - Other income and gains decreased by 29% to HKD 11,325,000, mainly due to the absence of gains from the sale of a subsidiary in the current year[25] - General and administrative expenses decreased by 19% to HKD 70,893,000, attributed to the lack of impairment losses recognized in the current year[26] - Financial expenses increased by 37% to HKD 53,140,000, primarily due to increased bank loan interest[29] Corporate Governance - The board of directors emphasized the importance of corporate governance, ensuring compliance with all regulatory requirements[119] - The company has established governance policies and procedures to ensure compliance and legality in its operations[127] - The company’s governance report outlines the compliance with the corporate governance code and the disclosure of relevant information[127] - The board must include independent non-executive directors as per the listing rules, ensuring candidates meet independence guidelines[147] - The board is responsible for maintaining effective risk management and internal control systems, with an annual review conducted[161] Risk Management - The company emphasizes the importance of risk management and corporate governance to ensure sustainable development amid economic uncertainties[16] - The company has engaged external independent consultants to audit its internal control and risk management systems[161] - The company has not established any arrangements to hedge foreign exchange risks, which may impact its operating performance[81] - The company is closely monitoring exchange rate fluctuations to manage foreign exchange risks[81] Employee and Social Responsibility - The total number of employees as of December 31, 2021, was 427, an increase from 400 in 2020[69] - The group emphasizes corporate governance and social responsibility, providing training and career development for employees to achieve sustainable development[67] - The group is committed to sustainable business development and corporate social responsibility, aiming to collaborate with stakeholders for a better future[196] - The group engages stakeholders through regular meetings, interviews, and Q&A sessions to create value[197] Legal Matters - The group is involved in a significant legal dispute regarding a civil claim for water supply costs amounting to RMB 96,500,000[89] - The group has sought legal advice to protect its rights concerning a government-mandated water supply cessation[89] - The group has made a prudent estimate for water costs in its consolidated financial statements pending the resolution of the dispute[89] Future Outlook - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to 12%[117] - New product launches are expected to contribute an additional $200 million in revenue, with a focus on innovative technology solutions[116] - The company is expanding its market presence in Southeast Asia, targeting a 30% market share within the next two years[115] Environmental Initiatives - The group emphasizes the importance of environmental performance and aims to reduce emissions and waste while enhancing energy management[195] - The group plans to increase the frequency of pipeline inspections to identify and repair leaks, enhance transparency of existing pipeline locations, and implement maintenance plans to reduce water loss[191] - The group aims to improve energy efficiency and reduce consumption in the East Mountain Shopping Mall, while also assisting in the renovation of old districts and residential areas[191]

Revenue and Profitability - Revenue for the six months ended June 30, 2021, was approximately HKD 173.25 million, an increase of 23% compared to HKD 141.22 million for the same period in 2020[4] - The increase in revenue was primarily driven by growth in the group's water supply business[4] - Revenue for the six months ended June 30, 2021, was HKD 173,249,000, an increase of 22.7% from HKD 141,215,000 in the same period of 2020[44] - Water supply and related services revenue was HKD 153,013,000, up from HKD 123,521,000, representing a growth of 23.9%[44] - Rental and property management service revenue increased to HKD 20,236,000 from HKD 18,829,000, reflecting a growth of 7.5%[44] - The group reported a loss before tax of HKD 42,393,000 for the six months ended June 30, 2021, compared to a loss of HKD 16,102,000 in the same period of 2020[58] - The group reported a net loss attributable to shareholders of approximately HKD 25,142,000, an increase of HKD 15,985,000 compared to a net loss of HKD 9,157,000 in the same period last year[122] Financial Position - The group's total assets as of June 30, 2021, were HKD 2,269.39 million, down from HKD 2,618.05 million as of December 31, 2020[22] - Cash and bank balances as of June 30, 2021, were HKD 648.11 million, a decrease from HKD 999.06 million as of December 31, 2020[18] - The total equity attributable to shareholders decreased to HKD 1,126,052,000 from HKD 1,146,139,000, representing a decline of approximately 1.8%[25] - The total equity, including non-controlling interests, was HKD 1,323,207,000, down from HKD 1,360,532,000, indicating a decrease of about 2.7%[25] - The group's cash and bank balances decreased by HKD 347,727,000 to HKD 794,948,000, mainly due to loan repayments during the period[150] Costs and Expenses - The net cash generated from operating activities for the six months ended June 30, 2021, was HKD 6,778,000, a decrease of 59.6% compared to HKD 16,784,000 in the same period of 2020[29] - The group's financial costs increased significantly, with finance costs for the six months ended June 30, 2021, amounting to HKD 24.96 million, compared to HKD 15.92 million in the same period of 2020[8] - The group’s employee costs rose to HKD 25,820,000 from HKD 21,002,000, an increase of 23.5%[49] - General and administrative expenses increased by 12% to HKD 32,456,000, mainly due to the appreciation of the Renminbi[135] - Financial costs rose by 57% to HKD 24,956,000, primarily due to increased loan interest from water supply services and property investment[137] Cash Flow and Investments - The net cash used in investing activities was HKD (16,987,000), significantly improved from HKD (305,125,000) in the previous year, indicating a reduction in investment outflows[29] - The company reported a foreign exchange gain of HKD 11,172,000, contrasting with a loss of HKD (6,319,000) in the previous year, reflecting favorable currency movements[29] - The company acquired property, plant, and equipment amounting to HKD 17,806,000 during the six months ended June 30, 2021, compared to HKD 11,391,000 for the year ended December 31, 2020[69] - The company plans to finance foreseeable expenditures through cash flows generated from operations, but may require additional borrowing or equity financing for large-scale expansions, developments, investments, or acquisitions[161] Share Capital and Ownership - The company’s issued share capital remained stable at HKD 55,130,000, with no new shares issued during the period[34] - The company has a significant shareholder, Ms. Zhu, holding 1,561,140,000 shares, representing 28.32% of the issued share capital[182] - The company has a significant shareholder structure, with 永城, 朱鳳廉, and Affluent Vast collectively holding 1,561,140,000 shares, representing 28.32% of the total issued share capital[192] - 博舜 holds 600,000,000 shares, accounting for 10.88% of the total issued share capital[192] - The new share option scheme allows for a maximum of 10% of the issued shares to be granted as options, with individual participant limits set at 1% and 0.1% for major shareholders[200] Legal and Regulatory Matters - The company is involved in a legal dispute regarding a civil claim amounting to RMB 96,500,000 related to water supply costs, which is currently under legal review[180] - The company has not entered into any arrangements to hedge foreign exchange risks, which may impact operational performance due to fluctuations in the exchange rates of RMB and HKD[174] - The company has no contingent liabilities identified by the directors[178] Future Plans and Strategies - The group is focusing on property investment and development opportunities both in China and overseas to increase recurring income and capital appreciation[126] - In May 2021, the group entered into an acquisition agreement to acquire all equity interests in Goodwin Finance Limited and Goodwin Securities Limited, aiming to enhance its financial services capabilities[128] - The group proposed to invest up to RMB 380,550,000 (approximately HKD 455,203,000) in Guangdong Nanyue Bank, which constitutes a discloseable transaction under listing rules[166]

Financial Performance - For the year ended December 31, 2020, the company's revenue was HKD 3,447.5 million, an increase of HKD 411.5 million or 14% compared to HKD 3,036.0 million in 2019[6] - The net loss attributable to shareholders for the year was HKD 36.3 million, a decrease of HKD 80.3 million or 69% from a net loss of HKD 116.6 million in 2019[6] - Basic and diluted loss per share for the year was HKD 0.66, compared to HKD 2.96 for the year ended December 31, 2019[6] - The company recorded revenue of HKD 344,748,000 for the fiscal year, an increase of 14% or HKD 41,150,000 compared to the previous fiscal year[22] - The net loss attributable to shareholders decreased to HKD 36,337,000, a reduction of HKD 80,297,000 from the previous fiscal year[22] - Other income and gains increased by 61% to HKD 16,032,000, primarily due to gains from the sale of investment properties and a subsidiary[25] - General and administrative expenses rose by 34% to HKD 87,902,000, mainly due to impairment losses on certain assets[26] - Financial expenses increased by 60% to HKD 38,793,000, primarily due to increased bank loan interest[30] Revenue Sources - The revenue from water supply and related services was approximately HKD 305.9 million, an increase of 5% from HKD 290.5 million in the previous year[15] - The property investment and development segment recorded revenue of approximately HKD 38,841,000, a significant increase of 196% or about HKD 25,704,000 compared to HKD 13,137,000 in the previous year[61] - Revenue from water supply and related services was approximately HKD 305,907,000, up 5% or about HKD 15,446,000 from HKD 290,461,000 in the previous year, driven by increased demand due to urban development[61] Financial Position - The company’s asset-to-liability ratio increased from 41% in the previous year to 52% in the current year, indicating a shift in financial structure[15] - The group's net current assets as of December 31, 2020, were HKD 897,027,000, including cash and bank balances of HKD 999,061,000[57] - The group's asset-liability ratio increased to 52% as of December 31, 2020, compared to 41% in the previous year[57] - Cash and bank balances increased by HKD 409,214,000 to HKD 1,142,675,000, mainly due to additional loans from third parties[42] - Bank and other borrowings rose by HKD 561,155,000 to HKD 1,242,821,000, attributed to an additional loan from a third party[43] Corporate Governance - The company has adopted corporate governance practices in line with the listing rules to enhance shareholder value and protect stakeholder interests[121] - The company’s board believes that effective corporate governance is crucial for maintaining transparency and accountability to all stakeholders[121] - The company’s CEO, Mr. Chen, also serves as the Chairman of the Board, which deviates from the corporate governance code that recommends separation of these roles[122] - The board will regularly review and propose amendments to ensure compliance with the corporate governance code as necessary[123] - The board consists of seven directors, including three executive directors and three independent non-executive directors, complying with listing rules[124] - The board held 7 meetings during the year, with all directors attending every meeting[131] - The company has implemented a continuous professional development plan for directors, ensuring they receive necessary training and updates on regulations[135] Legal and Compliance Issues - The company is involved in a significant legal dispute regarding a civil claim for water supply costs amounting to RMB 96,500,000, which is currently under litigation[95] - The company has sought legal advice to protect its rights concerning a government-mandated water supply cessation and is preparing for potential outcomes in the ongoing litigation[95] - The company has made reasonable estimates in its consolidated financial statements to account for the water supply costs pending resolution of the related disputes and litigation[95] Investment and Development Plans - The company established a joint venture with Dongguan Zhaoyu Real Estate Co., Ltd. to participate in land auctions and property development in the Greater Bay Area and first- and second-tier cities in China[16] - The group plans to invest in at least 51% equity of target companies involved in land development in China, focusing on first-tier cities and developed markets[19] - The group plans to participate in land auctions and property development in the Guangdong-Hong Kong-Macao Greater Bay Area and first- and second-tier cities in China through a joint venture agreement[62] - The company agreed to acquire a target company for a total cash consideration of RMB 576,000,000 (approximately HKD 780,231,277) through a placement and rights issue[81] Employee and Stakeholder Engagement - The group has a total of 400 employees as of December 31, 2020, compared to 397 employees in 2019[67] - The group aims to maintain sustainable development by enhancing corporate governance standards and providing training and career development for employees[66] - The company provides medical insurance, annual health checks, and safety training to employees to ensure occupational health and safety[199] - The company has established a stakeholder engagement process to gather feedback and address concerns from both internal and external stakeholders[194] Environmental and Social Responsibility - The company is committed to environmental, social, and governance (ESG) performance, as highlighted in its fifth ESG report[188] - The company operates water treatment and distribution services in Qingyuan City, Guangdong Province, China, ensuring reliable high-quality water supply[189] - The company is committed to sustainable water resource management and encourages the sustainable use of water resources[190] - The company aims to enhance energy efficiency and reduce consumption at the Dongshan Mall, while also assisting in the renovation of local communities[193] - The company encourages the use of renewable energy vehicles and aims to improve urban air quality through its operations[193]

TECHNOLOGIES 環 球 實 業 科 技 控 股 有 限 公 司 (於開曼群島註冊成立之有限公司) 股份代號 : 1026 8 中期報告 2020 AM FILLER 目錄 頁數 概要2 | --- | |----------------------| | | | 簡明綜合損益表 | | 簡明綜合全面收益表 | | 簡明綜合財務狀況表 | | 簡明綜合現金流量表 | | 簡明綜合權益變動表 | | 簡明綜合財務報表附註 | | 獨立審閱報告 | | 管理層討論及分析 | | 其他資料 | 3 5 6 9 10 11 35 37 51 概要 － 截至二零二零年六月三十日止六個月的收入約為141.22百萬港元（截至二零 一九年六月三十日止六個月：約116.72百萬港元），較去年同期增加24.5百 萬港元或21%。增加主要由於(a)本集團的自來水供應業務收入增長；及(b) 廣州物業所貢獻之租金收入所致。 － 截至二零二零年六月三十日止六個月的本公司股東應佔虧損淨額約為9.16 百萬港元（截至二零一九年六月三十日止六個月：約6.16百萬港元），較去 年同期增加約3百萬港元，主要由於本集團自來水供應服務業務的銷 ...

Financial Performance - For the year ended December 31, 2019, the company's revenue was HKD 303.6 million, an increase of 12% or HKD 31.7 million compared to HKD 271.9 million in 2018[5] - The net loss attributable to shareholders for the year was HKD 116.6 million, an increase of HKD 89.8 million from a net loss of HKD 26.8 million in 2018[5] - The basic and diluted loss per share for the year was HKD 0.296, compared to HKD 0.126 for the previous year[5] - The company did not recommend any dividend for the year ended December 31, 2019, consistent with the previous year[6] - The company recorded goodwill impairment losses of HKD 99.0 million, which increased significantly compared to the previous fiscal year[21] - The cost of sales/services provided for the year was HKD 237.7 million, an increase of HKD 50.3 million from the previous fiscal year[22] - Other income and gains for the year were HKD 9.9 million, a decrease of 50% compared to the previous year, primarily due to the absence of early repayment gains from bank loans[23] - General and administrative expenses for the fiscal year amounted to HKD 65,772,000, a decrease of 13% compared to the previous fiscal year[24] - Financial expenses for the fiscal year were HKD 24,260,000, down 14% from the last fiscal year, primarily due to the repayment of part of the loans[25] - Profit tax expenses decreased by 67% to HKD 3,516,000, mainly due to reduced profitability in the water supply business[27] Revenue Sources and Investments - The company aims to diversify its revenue sources and seek long-term investment opportunities despite the uncertain global economic outlook[16] - The company acquired a property in Guangzhou, China, to generate stable rental income and strengthen its revenue base[13] - The company plans to participate in land auctions and property development in the Greater Bay Area and first- and second-tier cities in China through a joint venture established in January 2020[16] - The group reported a revenue of approximately HKD 303,598,000 for the year ended December 31, 2019, representing a 12% increase from HKD 271,909,000 in the previous year[53] - Revenue from water supply and related services was approximately HKD 290,461,000, an 8% increase from HKD 269,761,000, driven by increased demand due to urban development[53] - The property investment and development segment contributed revenue of approximately HKD 13,137,000, a significant increase of 512% from HKD 2,148,000 in the previous year[53] - The company plans to invest up to RMB 219,000,000 (approximately HKD 245,241,000) in a joint venture project for property development in the Guangdong-Hong Kong-Macao Greater Bay Area[47] - The group plans to continue focusing on property investment and development, seeking suitable projects in China and overseas to diversify revenue sources[58] Assets and Liabilities - Cash and bank balances and time deposits rose by HKD 444,793,000 to HKD 733,461,000, primarily due to funds raised from rights issues and additional bank loans for the water supply business[39] - Property, plant, and equipment decreased by HKD 22,163,000 to HKD 471,050,000, attributed to depreciation during the fiscal year[28] - Investment properties increased by HKD 644,477,000 to HKD 691,076,000, mainly due to the acquisition of several commercial properties in Guangzhou[30] - Contract liabilities increased by HKD 20,170,000 to HKD 43,566,000, mainly due to increased contract revenue from the water supply and related businesses[45] - As of December 31, 2019, the group's net current assets amounted to HKD 491,142,000, with cash and bank balances of HKD 484,707,000[51] - As of December 31, 2019, the group had a debt-to-asset ratio of 41%, down from 45% in 2018[51] Corporate Governance - The company appointed a new CEO on June 3, 2019, following the resignation of the previous CEO[80] - The board consists of eight directors, including three executive directors and three independent non-executive directors, ensuring compliance with listing rules[114] - The company has adopted corporate governance practices in line with the listing rules, emphasizing effective internal controls and transparency[109] - The independent non-executive directors represent at least one-third of the board, fulfilling regulatory requirements[114] - The company is committed to maintaining high standards of corporate governance to enhance shareholder value and protect stakeholder interests[109] - The board is responsible for approving and monitoring the overall strategy and policies of the group, focusing on growth and financial performance[115] - The company has purchased liability insurance for its directors and senior management to protect against legal liabilities arising from their duties[116] - The board will regularly review and propose amendments to ensure compliance with the corporate governance code[111] - The company has a strong emphasis on independent judgment from non-executive directors to safeguard the interests of all shareholders[115] - The chairman and CEO roles are held by the same individual, which deviates from corporate governance guidelines but is believed to provide strong leadership[110] Environmental and Social Responsibility - The company is committed to complying with all relevant environmental laws and regulations, ensuring that its operations do not contribute to air pollution[181] - The company emphasizes the importance of stakeholder feedback in shaping its environmental, social, and governance policies[173] - The company is dedicated to sustainable resource management and encourages the sustainable use of water resources[175] - The company generated nitrogen oxides (NOx) emissions of 14.41 kg, sulfur oxides (SOx) emissions of 0.26 kg, and particulate matter (PM) emissions of 1.39 kg from its operations[182] - The company reported greenhouse gas emissions of 19,428 tons of CO2 equivalent (tCO2e) during the reporting period, with an annual emission intensity of 152 tCO2e per million cubic meters, representing a reduction of approximately 15.73% compared to the previous reporting period[183] - The company plans to enhance energy efficiency and reduce consumption at the newly acquired Dongshan shopping mall, aiming to become a green building[179] - The company focuses on continuous improvement in water supply and maintaining strict industry standards to ensure reliable high-quality water for end-users[175] - The company aims to improve the local community's environment surrounding the Dongshan shopping mall and provide appropriate assistance during renovation periods[179] - The company has established a working group to address water supply issues and enhance service quality by stabilizing water pressure in the distribution network[176] Stakeholder Engagement and Communication - The company engages with stakeholders through various channels, including surveys and meetings, to assess significant environmental, social, and governance issues[170] - The company is committed to timely and unbiased financial disclosures to shareholders and stakeholders[156] - The audit committee is responsible for reviewing financial statements before submission to the board, ensuring compliance and risk management[160] - The company emphasizes the importance of financial data completeness and has implemented appropriate accounting policies[156]

Financial Performance - Revenue for the six months ended June 30, 2019, was approximately HKD 116.72 million, a decrease of HKD 3.64 million or 3% compared to HKD 120.36 million for the same period in 2018[5] - Net loss attributable to shareholders for the six months ended June 30, 2019, was approximately HKD 6.16 million, a decrease of HKD 4.97 million compared to HKD 11.13 million for the same period in 2018[5] - Basic and diluted loss per share for the six months ended June 30, 2019, was HKD 0.24, compared to HKD 0.52 for the same period in 2018[5] - Total comprehensive loss for the six months ended June 30, 2019, was HKD 11.19 million, compared to HKD 6.15 million for the same period in 2018[13] - The decrease in net loss was primarily due to reduced operating costs and financial expenses in the water supply business[5] - The group reported a pre-tax loss of HKD 9,193,000 for the six months ended June 30, 2019, compared to a profit of HKD 17,291,000 in the same period of 2018[45] - The company reported a loss attributable to shareholders of HKD 6,161,000 for the six months ended June 30, 2019, compared to a loss of HKD 11,133,000 in the same period of 2018, indicating an improvement of approximately 44.5%[59] - The group incurred a tax expense of HKD 3,516,000 for the six months ended June 30, 2019, down from HKD 7,320,000 in the same period of 2018, reflecting a decrease of approximately 52.0%[58] Assets and Liabilities - Non-current assets as of June 30, 2019, amounted to HKD 1,008.07 million, a decrease from HKD 1,034.75 million as of December 31, 2018[16] - Current assets as of June 30, 2019, totaled HKD 1,172.61 million, significantly higher than HKD 345.60 million as of December 31, 2018[16] - Total liabilities as of June 30, 2019, were HKD 611.39 million, compared to HKD 505.94 million as of December 31, 2018[19] - Net assets as of June 30, 2019, were HKD 1,435.90 million, an increase from HKD 695.06 million as of December 31, 2018[19] - Accounts receivable as of June 30, 2019, were HKD 20,727,000, a decrease from HKD 26,076,000 as of December 31, 2018, representing a decline of approximately 20.5%[68] - The group's investment properties were valued at HKD 46,574,000 as of June 30, 2019, down from HKD 50,775,000 at the beginning of the year, reflecting a decrease of approximately 8.5%[67] - Cash and cash equivalents at the end of the period stood at HKD 1,118,143,000, a substantial rise from HKD 322,126,000 at the end of the previous period[25] Cash Flow - Net cash generated from operating activities was (HKD 23,486,000), a significant decrease compared to HKD 1,780,000 in the same period last year[25] - Net cash used in investing activities was (HKD 11,218,000), an improvement from (HKD 22,242,000) in the previous year[25] - Net cash generated from financing activities increased to HKD 865,455,000 from HKD 35,289,000 year-over-year[25] - The net increase in cash and cash equivalents was HKD 830,751,000, compared to HKD 14,827,000 in the prior period[25] - The impact of foreign exchange rate changes on cash and cash equivalents was (HKD 1,276,000), an improvement from (HKD 3,837,000) in the previous year[25] Business Operations - The company’s main business activities include investment holding, property investment and development, property management, and water supply services[28] - Water supply and related services revenue was HKD 113,996,000, down 14.1% from HKD 132,749,000 year-on-year[40] - Revenue from related services in the water supply business was HKD 22,728,000, a decrease of 17% compared to the same period last year[103] - The property investment and development segment contributed stable revenue and positive cash flow, recording revenue of approximately RMB 859,000 (equivalent to about HKD 993,000), similar to the previous year[103] Shareholder Information - The board did not recommend the payment of an interim dividend for the six months ended June 30, 2019[5] - The company issued a total of 1,586,400,000 new shares at a placement price of HKD 0.23 per share on June 19, 2019[87] - The company also issued 1,805,909,900 new shares through a rights issue at the same price of HKD 0.23 per share[87] - The authorized share capital increased from HKD 50,000,000 to HKD 200,000,000 due to the issuance of new shares[86] - Ms. Zhu Fenglian holds a total of 1,561,140,000 shares, representing 28.32% of the company's issued share capital[161] - The company has not issued any debt securities or bonds as of June 30, 2019[162] Corporate Governance - The company’s financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards and have been reviewed by the audit committee[29] - The audit committee, consisting of three independent non-executive directors, has reviewed the interim financial report for the six months ended June 30, 2019[186] - The interim financial report has not been audited but has been reviewed by the company's auditor according to the relevant standards[186] - The company has complied with all corporate governance code provisions as per the main board listing rules[181] - The board has approved an increase in Mr. Huan Zhensheng's monthly director's remuneration from HKD 25,000 to HKD 50,000 effective June 3, 2019[155] Future Outlook - The company plans to continue focusing on property investment and development, as well as exploring suitable property projects in China and overseas[108] - The company aims to diversify its revenue sources and ensure sustainable growth through fund investment and management business development in Hong Kong and China[108] - The group has not entered into any arrangements to hedge foreign exchange risks, which may impact operational performance due to fluctuations in the HKD and RMB exchange rates[148]