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的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 UNIVERSE ENTERTAINMENT AND CULTURE GROUP COMPANY LIMITED 寰 宇 娛 樂 文 化 集 團 有 限 公 司 （於百慕達註冊成立之有限公司） （股份代號：1046） 截至二零二三年六月三十日止年度之 全年業績公佈 業績 寰宇娛樂文化集團有限公司（「本公司」）之董事（「董事」）會（「董事會」）謹此公佈本 公司及其附屬公司（統稱「本集團」）截至二零二三年六月三十日止年度之經審核 綜合業績及截至二零二二年六月三十日止年度之比較數字如下： 綜合全面收益表 截至二零二三年六月三十日止年度 二零二三年 二零二二年 ...

Financial Performance - Total revenue for the six months ended December 31, 2022, was HK$36,324,000, a decrease of 21.2% from HK$46,118,000 in the same period of 2021[18]. - Revenue from sales of goods (video distribution, optical products, and watches) dropped significantly to HK$11,240,000, down 52.2% from HK$23,456,000[18]. - Income on film distribution and exhibition increased to HK$15,871,000, up 19.7% from HK$13,242,000[18]. - Loss before tax for the period was HK$27,860,000, slightly improved from a loss of HK$29,192,000 in the prior year[18]. - Total comprehensive loss for the period was HK$28,163,000, compared to HK$27,685,000 in the same period last year[20]. - Loss per share attributable to owners of the Company was HK$3.06, compared to HK$2.98 in the previous year[20]. - The accumulated losses as of December 31, 2022, increased to HK$186,288,000 from HK$158,585,000 as of July 1, 2022[24]. - The group reported a loss before tax of HK$27,703,000 for the six months ended December 31, 2022, compared to a loss of HK$27,042,000 in the same period of 2021[146]. - The Group reported a segmental loss of approximately HK$18.2 million from film distribution and exhibition, compared to a loss of approximately HK$12.1 million in the last period[193]. Assets and Liabilities - As of December 31, 2022, total assets increased to HK$1,119,187,000 from HK$1,072,987,000 as of June 30, 2022, reflecting a growth of approximately 4.3%[11]. - The Group's total equity decreased to HK$399,065,000 from HK$427,228,000, representing a decline of about 6.6%[11]. - Non-current assets decreased from HK$801,871,000 to HK$914,901,000, primarily due to a reduction in property, plant, and equipment[8]. - Current liabilities increased significantly to HK$716,415,000 from HK$640,162,000, marking an increase of approximately 11.9%[14]. - The Group reported a net current liabilities position of HK$512,129,000, worsening from HK$369,046,000[14]. - The total liabilities increased to HK$720,122,000 from HK$645,759,000, representing an increase of about 11.5%[14]. - Cash and cash equivalents decreased to HK$154,487,000 from HK$211,846,000, a decline of about 27%[11]. - The net carrying amount of property, plant, and equipment decreased from HK$30,545,000 on July 1, 2022, to HK$28,852,000 by December 31, 2022[90]. - The total addition to property, plant, and equipment during the six months ended December 31, 2022, was HK$120,000[90]. Cash Flow - Net cash generated from operating activities decreased to HK$74,987,000 from HK$300,027,000, representing a decline of approximately 75%[28]. - Net cash used in investing activities was HK$127,853,000, a reduction from HK$402,565,000, indicating a decrease of about 68%[28]. - Net decrease in cash and cash equivalents for the period was HK$57,359,000, compared to HK$109,028,000 in the previous year, reflecting a decrease of approximately 47%[31]. - Cash and cash equivalents at the end of the period stood at HK$154,487,000, down from HK$266,896,000, a decline of about 42%[31]. - Payments for film rights and films in progress amounted to HK$137,729,000, a decrease from HK$403,174,000, indicating a reduction of approximately 66%[28]. Segment Information - The Group's reportable segments include video distribution, optical products trading, investment property leasing, securities investments, and financial printing services[81][82]. - Segment performance is evaluated based on reportable segment profit/loss before tax, excluding certain financial adjustments and unallocated corporate expenses[76][80]. - Revenue from external customers for the six months ended December 31, 2022, was HK$36,324,000, a decrease from HK$46,118,000 in the same period of 2021, representing a decline of approximately 21.2%[84]. - Segment result for the six months ended December 31, 2022, showed a loss of HK$22,586,000 compared to a loss of HK$26,917,000 in the same period of 2021, indicating an improvement of approximately 16.5%[84]. - Total segment assets as of December 31, 2022, were HK$957,644,000, an increase from HK$951,251,000 as of December 31, 2021, reflecting a growth of approximately 0.7%[84]. - Total segment liabilities as of December 31, 2022, were HK$703,574,000, slightly down from HK$705,126,000 as of December 31, 2021, indicating a decrease of about 0.2%[84]. Legal Matters - UEL was ordered to pay HK$5,495,700 to Star as part of the license fee for the Movie, along with interest of HK$350,905[149]. - The total claim by Star amounts to US$935,872 (equivalent to HK$7,299,799), leaving a remaining balance of approximately HK$1,804,099 for UEL to defend against[153]. - UEL's claim against Star for wrongful exploitation of rights in the Movie seeks to recover all losses and damages suffered[150]. - ULV, a wholly-owned subsidiary, also claimed against Star for infringement of licensed rights in the Movie, seeking recovery of all losses and damages[151]. - Legal counsel believes it is premature to predict the outcome of the claims against UEL, with no material financial impact expected for the Group[152]. - KPE has made claims against the Company and its subsidiaries for alleged patent infringements, with no provisions made for potential liabilities due to uncertainty in estimating economic outflows[156]. - The Company is involved in ongoing litigation regarding the Artist Management Contract, with claims and counterclaims amounting to approximately HK$1.7 million and HK$0.6 million respectively[163]. - A hearing for the Artist Management Contract case is scheduled for 5 May 2023, with legal counsel advising that it is premature to assess the likely outcome[164]. - China Jianxin Credit Services Limited is pursuing a claim against China Wah Yan Healthcare Limited for an outstanding balance of HK$16,175,304.11, including interest at 8.5% per annum from March 12, 2020[167]. - The court ruled on February 15, 2023, ordering China Wah Yan to pay the outstanding amount and struck out their counterclaim[168]. - Chengdu Global Bona Culture Media Co., Ltd. claims that the film "White Storm 2 – Drug Lords" infringed its copyright, seeking damages of approximately RMB99,990,000 (approximately HK$120 million)[172]. - Chengdu Global Bona also requests an apology and the reimbursement of RMB600,000 (approximately HK$720,000) for legal costs related to the claim[172]. - Legal counsel believes it is not probable that the Group will be liable for the claims made by Chengdu Global Bona, indicating no material impact on the Group's business[173]. Future Outlook - The company continues to explore market expansion opportunities and new product development strategies to enhance revenue streams[88]. - The financial performance indicates a focus on cost management and operational efficiency to mitigate losses and improve profitability in future periods[88]. - The Group plans to gradually release several blockbusters invested by the Group from 2023 to 2024, including "Flashover," "White Storm 3," and "High Forces"[194]. - The Group will continue to invest in original production of quality films in Hong Kong and PRC to enhance content reserves in response to market growth[196]. - The film industry in China is beginning to recover with strong box office performance during the recent Spring Festival holiday in January 2023[194].

Financial Performance - The Group's turnover decreased to approximately HK$127.6 million, with a loss of approximately HK$78.9 million for the year ended June 30, 2022[9]. - The Group recorded a loss of approximately HK$78.9 million for the year ended June 30, 2022, compared to a profit of approximately HK$152.5 million for the previous year, primarily due to a revenue decrease from approximately HK$602.6 million to approximately HK$127.6 million[21]. - The Group's segmental revenue from film distribution and exhibition decreased by approximately 86.9% to approximately HK$69.0 million, accounting for approximately 54.1% of the Group's total revenue during the year[24]. - An impairment loss of approximately HK$27.5 million was recorded for film rights and related assets, significantly higher than the approximately HK$3.0 million recorded in the previous year[26]. - The Group's segmental loss amounted to approximately HK$61.7 million, a stark contrast to the segmental profit of approximately HK$193.5 million from the previous year[27]. - Revenue from the optical products and watches segment was approximately HK$36.1 million, a decrease of approximately 35.4% compared to HK$55.9 million in the previous year, accounting for approximately 28.3% of the Group's revenue[34][35]. - The financial printing segment recorded a loss of approximately HK$11.2 million, an increase from HK$4.5 million in the previous year, primarily due to an impairment loss of HK$4.7 million and increased expenses of HK$2.0 million[60]. Market Conditions - The PRC's movie industry gross box office reached approximately RMB47.2 billion in 2021, recovering to approximately 74% of its pre-pandemic level[8]. - The total box office for the PRC's movie market decreased by approximately 37.7% to approximately RMB17.2 billion for the first half of 2022 compared to the same period last year[8]. - The PRC's total box office decreased by approximately 37.7% to approximately RMB17.2 billion in the first half of 2022 due to the rapid spread of COVID-19 variants[21]. - The pandemic situation in the PRC has stabilized since June 2022, with expectations for a steady rebound in the film market[10]. - The operating rate of movie theatres in the PRC has gradually recovered since June 2022, indicating signs of market recovery[31]. Business Strategy - The Group delayed the theatrical debut of several quality films in response to intermittent lockdowns and cinema closures in the PRC[9]. - The Group plans to continue investing and producing quality films in the coming years to drive business growth in the PRC market[10]. - The Group plans to invest in original productions, with upcoming releases including "Flashover" and "Shock Wave 3," featuring notable directors and actors[28]. - The Group's strategy includes closely monitoring the operating environment and adjusting business plans as necessary[31]. - The Group plans to continue investing in quality film production and expand financial printing services to meet increasing market demand[72]. Cost Management - The extended anti-pandemic measures and economic downturn in Hong Kong caused severe hardship in the Group's optical and watch products business, securities trading, and financial printing[15]. - The Group will implement strict cost-saving measures and adjust business strategies to address upcoming challenges[15]. - Cost-saving measures implemented included reducing the number of retail shops and seeking rental reductions, which helped mitigate the financial impact of the COVID-19 pandemic[40][41]. - The Group will adopt a prudent approach to control costs and enhance operational efficiency in its optical and watch products trade, wholesale, retail, and securities investment business[72]. Corporate Governance - The Company has adopted corporate governance principles emphasizing a quality board, effective risk management, and stringent disclosure practices[106]. - The Company has complied with the Corporate Governance Code except for the separation of roles between Chairman and CEO, which are currently held by the same individual[108]. - The Board is collectively responsible for overseeing business management, strategic decisions, and financial performance for the best interests of Shareholders[115]. - The Company has made continuous efforts to enhance internal controls and procedures in light of regulatory changes and best practices[107]. - The Company has established an Audit Committee on October 11, 1999, which currently comprises three independent non-executive Directors[160]. Risk Management - The Board is responsible for establishing, maintaining, and reviewing the Group's risk management and internal control systems[174]. - An external consultant was engaged to evaluate the Group's risk management and internal control systems, identifying strategic, operational, financial, and compliance risks[177]. - The Group's risk management and internal control systems were reviewed and deemed effective and adequate by the Board for the Year[183]. - The Audit Committee reviews the effectiveness of the internal control system and reports the results to the Board annually[183]. Financial Position - As of June 30, 2022, the Group had cash and cash equivalents of approximately HK$211.8 million, a decrease from approximately HK$375.9 million in 2021[76]. - The Group's total assets as of June 30, 2022, were approximately HK$1,073.0 million, compared to approximately HK$1,051.8 million in 2021[76]. - The gearing ratio as of June 30, 2022, was approximately 3.1%, down from approximately 4.2% as of June 30, 2021[76]. - The current ratio as of June 30, 2022, was approximately 0.42, significantly lower than approximately 1.11 as of June 30, 2021[76]. Shareholder Rights - Shareholders holding at least one-tenth of the paid-up capital have the right to requisition a special general meeting[198]. - The procedures for shareholders to submit proposals at meetings require a written notice with detailed contact information to the Company Secretary[200]. - For ordinary resolutions at special general meetings, a minimum of 14 clear days' notice is required, including 10 clear business days[200]. - For special resolutions at special general meetings, a minimum of 21 clear days' notice is required, including 10 clear business days[200].

UNİ/Erse UNIVERSE ENTERTAINMENT AND CULTURE GROUP COMPANY LIMITED 寰宇娛樂文化集團有限公司 (Incorporated in Bermuda with limited liability 於百慕達註冊成立之有限公司) (Stock Code 股份代號：1046) f ER BIRECTED 8:1 BEENSE YAB 载 偷足 - 明 Stolen Tomorro | --- | --- | |-------|--------------------------------------------------------------------------| | | | | 目錄 | CONTENT | | | | | 2 | Corporate Information 公司資料 | | 4 | Chairman's Statement 主席報告 | | 6 | Management Discussion and Analysis | | | 管理層討論及分析 | | 31 | Directors and Senior Management ...

UNİ/Erse UNIVERSE ENTERTAINMENT AND CULTURE GROUP COMPANY LIMITED 寰 宇 娛 樂 文 化 集 團 有 限 公 司 (Incorporated in Bermuda with limited liability 於百慕達註冊成立之有限公司) (Stock Code 股份代號：1046) INTERIM REPORT 中期報告 2020/21 00000000 | --- | --- | |--------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------| | | | | CORPORATE INFORMATION | 公司資料 | | Executive Directors | 執行董事 | | Mr. Lam Shiu Ming, Daneil ...

ur UNIVERSE ENTERTAINMENT AND CULTURE GROUP COMPANY LIMITED 寰 宇 娛 樂 文 化 集 團 有 限 公 司 (Incorporated in Bermuda with limited liability 於百慕達註冊成立之有限公司) (Stock Code 股份代號：1046) | --- | --- | --- | --- | --- | |-------|-------|-------|-------|---------------| | | | | | | | | | | | Annual Report | | | | | | 年報 | | | | | | 2020 | | | | | | | | | | | | | 目 錄 CONTENT 2 Corporate Information 公司資料 4 Chairman's Statement 主席報告 6 Management Discussion and Analysis 管理層討論及分析 25 Directors and Senior Management Profile 董事及高級管理人 ...

UNI Else UNIVERSE ENTERTAINMENT AND CULTURE GROUP COMPANY LIMITED 寰 宇 娛 樂 文 化 集 團 有 限 公 司 (Incorporated in Bermuda with limited liability 於百慕達註冊成立之有限公司) (Stock Code 股份代號：1046) ar Profition 1 寰宇娛樂文化集團有限公司 二零一九年年報 CONTENTS 2 Corporate Information 公司資料 4 Chairman's Statement 主席報告 7 Management Discussion and Analysis 管理層討論及分析 31 Directors and Senior Management Profile 董事及高級管理人員簡介 35 Corporate Governance Report 企業管治報告 56 Environmental, Social & Governance Report 環境、社會及管治報告 74 Report of the Directors 董事會報告書 87 In ...

UNIVERSE UNIVERSE ENTERTAINMENT AND CULTURE GROUP COMPANY LIMITED 寰 宇 娛 樂 文 化 集 團 有 限 公 司 (Incorporated in Bermuda with limited liability 於百慕達註冊成立之有限公司) (Stock Code 股份代號：1046) 2018/19 / INTERIM REPOR ANDY LAU r-F ▶▶▶▶▶ Legal Advisers 吳惠恩律師行 香港中環 永樂街5號 永安祥大廈18樓 01 CORPORATE INFORMATION Executive Directors Mr Lam Shiu Ming, Daneil (Chairman) Mr Lam Kit Sun Non-executive Directors Mr Hung Cho Sing (appointed on 1st October 2017, re-designated as non-executive director on 1st February 2019) Independent Non-exec ...