香港交易及結算所有限公司以及香港聯合交易所有限公司對本公告的內容概 不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告 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。 SOLARTECH INTERNATIONAL HOLDINGS LIMITED 星 凱 控 股 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：1166） 有 關 截 至 二 零 二 二 年 六 月 三 十 日 止 年 度 年 報 之 補 充 公 告 茲提述Solartech International Holdings Limited星凱控股有限公司*（「本公司」，連同 其附屬公司統稱「本集團」）於二零二二年十月二十七日刊發的截至二零二二年 六月三十日止年度之年報（「年報」），當中載有（其中包括）本集團之綜合業績。 本公司董事（「董事」）會（「董事會」）謹此向本公司股東（「股東」）提供以下有關本 集團其他應收貸款的補充資料。除文義另有所指外，本公告所用詞彙與年報所 界定者具有相同涵義。 ...

Financial Performance - For the six months ended December 31, 2022, the company reported a loss of HKD 11,019,000 compared to a profit of HKD 48,128,000 for the same period in 2021, representing a significant decline[13]. - Total comprehensive income for the period was HKD -19,156,000, down from HKD 60,889,000 in the previous year, indicating a substantial decrease in overall financial performance[13]. - The company reported a tax loss of HKD 5,555,000 for the period, compared to a profit before tax of HKD 64,252,000 in the previous year[13]. - The total comprehensive income attributable to owners of the company was HKD -10,912,000, compared to HKD 46,741,000 in the prior year, highlighting a significant drop in profitability[13]. - For the six months ended December 31, 2022, external customer revenue was HKD 194,552,000, with a reported loss of HKD 15,640,000 in the cable and wire segment[58]. - The total revenue for the six months ended December 31, 2021, was HKD 268,174,000, with a profit of HKD 83,680,000[60]. - The gross profit for the same period was HKD 7,250,000, down 75.7% from HKD 29,824,000 in the previous year[101]. - The company recorded a net loss attributable to shareholders of HKD 10,912,000 for the six months ended December 31, 2022, compared to a profit of HKD 46,741,000 in the same period of 2021[109]. - For the six months ended December 31, 2022, the company reported total revenue of approximately HKD 194,552,000, a decrease of 27.5% compared to HKD 268,174,000 in the same period last year[135]. Assets and Liabilities - The company's total assets as of December 31, 2022, were HKD 1,069,524,000, a decrease from HKD 1,088,680,000 as of June 30, 2022[15]. - The net equity attributable to the company's owners was HKD 1,070,242,000, down from HKD 1,089,342,000, reflecting a decline in shareholder value[15]. - Non-current liabilities totaled HKD 293,638,000 as of December 31, 2022, compared to HKD 306,610,000 as of June 30, 2022, indicating a reduction in long-term obligations[15]. - The total assets as of December 31, 2022, amounted to HKD 1,629,403 thousand, down from HKD 1,692,464 thousand as of June 30, 2022[89]. - The total liabilities decreased from HKD 603,784,000 to HKD 559,879,000, a reduction of approximately 7.3%[36]. - The total liabilities as of December 31, 2022, were HKD 465,749 thousand, compared to HKD 509,923 thousand as of June 30, 2022[87]. - Trade receivables amounted to approximately HKD 58,859,000 as of December 31, 2022, a decrease from HKD 74,017,000 as of June 30, 2022[124]. Cash Flow and Financing - For the six months ended December 31, 2022, the net cash generated from operating activities was HKD 57,986 thousand, compared to a net cash used of HKD 58,001 thousand in the previous year[80]. - The net cash generated from investing activities was HKD 20,435 thousand, a significant improvement from a net cash used of HKD 55,503 thousand in the prior year[80]. - The company's cash balance at the end of the period was HKD 79,285 thousand, an increase from HKD 67,467 thousand in the previous year[82]. - The group's cash and bank balances amounted to approximately HKD 79 million as of December 31, 2022, an increase from HKD 71 million as of June 30, 2022[151]. - The net current assets were approximately HKD 80 million as of December 31, 2022, compared to HKD 64 million as of June 30, 2022[151]. - The group's debt-to-equity ratio was 0.25 as of December 31, 2022, down from 0.31 as of June 30, 2022, with total borrowings of approximately HKD 270 million[151]. - The average effective annual interest rate for bank borrowings ranged from 5.8% to 7.6%[49]. - The group raised no new borrowings during the six months ended December 31, 2022, compared to HKD 183,869,000 in the same period last year[49]. Investment and Capital Expenditure - The capital expenditure contracted but not provided for in the consolidated financial statements for buildings was HKD 148,758,000 as of December 31, 2022[77]. - The company completed the sale of properties for a total consideration of HKD 52,500,000, with net proceeds of approximately HKD 51,700,000[43]. - The company has entered into preliminary sale agreements for properties, including a workshop for HKD 50 million and a parking space for HKD 2.5 million[170][165]. - No significant investments were made by the group during the review period, and there are no plans for major investments or capital assets as of the report date[173]. Business Segments and Operations - The company has three reportable segments: cable and wire manufacturing, copper rod trading, and investment properties, each requiring distinct business strategies[86]. - The wire and cable segment generated revenue of approximately HKD 109,912,000, down 35.2% from HKD 169,709,000 year-on-year, accounting for 56.5% of total revenue[136]. - The copper rod business reported revenue of approximately HKD 78,718,000, a decrease of 13.9% from HKD 91,419,000 year-on-year, representing 40.5% of total revenue[136]. - The Americas segment's revenue fell 38.7% to approximately HKD 14,442,000, while revenue from mainland China and Hong Kong decreased by 20.3% to approximately HKD 145,156,000[137]. - The company did not conduct any business activities in the mining sector since the acquisition, leading to the conclusion that it does not constitute a business segment[55]. - The company has suspended related projects in the stone industry due to current market conditions and is reassessing the project's development prospects[146]. Governance and Compliance - The company has adopted the principles of the Corporate Governance Code and complied with all code provisions, except for specific deviations noted[179]. - The reappointment of independent non-executive directors who have served over nine years was approved at the annual general meeting[180][182][183]. - The company has adopted a governance structure where the roles of Chairman and CEO are distinct, with Mr. Zhou serving as both Chairman and Managing Director, which the board believes is in the best interest of the group[185]. - The Audit Committee, composed of independent non-executive directors, has reviewed the unaudited interim results for the review period and agreed on the accounting treatment adopted[186]. - The company has confirmed compliance with the standard code of conduct for securities trading by all directors during the review period[188]. Employee and Shareholder Information - As of December 31, 2022, the group employed approximately 400 employees, maintaining the same number as of June 30, 2022[149]. - The company adopted a new share option plan on December 5, 2022, aimed at rewarding employees and service providers to retain talent[79]. - No share options were granted, exercised, or cancelled under the new share option scheme during the review period[163]. - The new share option scheme was approved at the annual general meeting held on December 5, 2022, and is effective for a period of 10 years[160][167]. - The interests of directors and their associates in the company's shares include 39,380,000 shares (1.66%) held by Director Zhou Zhihao[175]. - No other individuals, apart from directors and senior management, hold any disclosed interests in the company's shares as of December 31, 2022[176].

Financial Performance - The total revenue for the fiscal year ending June 30, 2022, was approximately HKD 471,521,000, an increase of 8.9% compared to HKD 433,049,000 in the previous year[7]. - The loss attributable to shareholders for the year was approximately HKD 102,218,000, compared to a profit of HKD 156,346,000 in the previous year, resulting in a loss per share of HKD 0.043[7]. - The wire and cable segment generated revenue of approximately HKD 300,238,000, a 7.6% increase from HKD 278,995,000 in the previous year, accounting for 63.7% of total revenue[8]. - The copper rod business reported revenue of approximately HKD 157,847,000, a 12.5% increase from HKD 140,300,000 in the previous year, representing 33.5% of total revenue[8]. - Revenue from rental income was approximately HKD 13,436,000, a decrease of 2.3% from HKD 13,754,000 in the previous year, accounting for 2.8% of total revenue[14]. - Revenue from the Americas increased by 15.0% to approximately HKD 44,677,000, while revenue from mainland China and Hong Kong rose by 7.0% to approximately HKD 327,313,000, representing 69.4% of total revenue[9]. - European revenue increased by 22.3% to approximately HKD 75,413,000, accounting for 16.0% of total revenue[9]. Investment and Capital Management - The company has adopted a cautious approach to its investment plans in Mongolia due to global inflation and tightening monetary policies, with no large-scale capital investments initiated during the year[15]. - No significant investments or capital asset sales were made during the review year, and there are no current plans for major investments[35]. - The estimated net proceeds from the sale, after deducting transaction costs, are expected to be approximately HKD 51.5 million, which will be used to repay outstanding loans[112]. - The company aims to enhance liquidity and reduce future interest expenses through this transaction[111]. Corporate Governance - The board of directors is committed to maintaining good corporate governance practices, which are essential for effective management and enhancing shareholder value[122]. - The company has adopted the principles outlined in the Listing Rules Appendix 14 and has complied with all code provisions, except for specific deviations noted[123]. - The company will continue to review its corporate governance structure to assess the need for separating the roles of chairman and CEO[132]. - The company provided appropriate liability insurance for directors and senior management against legal actions arising from corporate activities[138]. - The company aims to comply with governance code provisions regarding the tenure of independent non-executive directors[140]. Employee and Talent Management - The company recognizes employees as valuable assets and provides competitive compensation to attract and retain talent[43]. - The company employed approximately 400 staff as of June 30, 2022, down from 500 the previous year[93]. - The company has adopted a mandatory provident fund plan for its Hong Kong employees, with contributions set at 5% of relevant income, capped at HKD 30,000 per month[95]. Risk Management and Compliance - The risk management and internal control systems are deemed adequate and effective by the board, following a thorough review[166]. - The company engaged an external independent consultant to review the effectiveness of its risk management and internal control systems, focusing on financial, operational, and compliance matters[166]. - The company adopted an anti-corruption policy effective from April 8, 2022, outlining principles and guidelines to promote compliance with anti-corruption laws and regulations[184]. - The whistleblowing policy was established to allow employees and stakeholders to report concerns about misconduct confidentially and anonymously, effective from April 8, 2022[188]. Shareholder Engagement - The company encourages shareholder participation in meetings to ensure accountability and transparency regarding its strategies and objectives[171]. - Shareholders holding at least 10% of the voting rights can request a special general meeting within two months of their request[172]. - The board will review the dividend policy periodically to ensure it aligns with the company's financial performance and strategic goals[178]. Future Outlook and Strategy - The company plans to continue monitoring market conditions closely and adjust its strategies accordingly in response to economic fluctuations[15]. - The modern factory construction in Dongguan is expected to be completed in the coming year, which is anticipated to generate new revenue for the group[17]. - The group aims to optimize and integrate existing businesses while actively seeking potential business partners and new growth opportunities to diversify and sustain revenue sources[17].

Financial Performance - For the six months ended December 31, 2021, the company reported a revenue of HKD 268,174,000, an increase of 12.5% compared to HKD 238,350,000 for the same period in 2020[7] - The gross profit for the same period was HKD 29,824,000, a decrease of 2.8% from HKD 30,695,000 in the previous year[7] - The company achieved a profit before tax of HKD 64,252,000, significantly up from HKD 2,919,000 in the prior year, marking an increase of 2,095%[9] - The net profit for the period was HKD 48,128,000, compared to HKD 2,645,000 in the previous year, representing an increase of 1,718%[9] - Total comprehensive income for the period was HKD 60,889,000, a substantial rise from HKD 5,034,000 in the same period last year, reflecting an increase of 1,107%[11] - The company reported a significant increase in investment property fair value change, amounting to HKD 71,413,000, compared to HKD 14,561,000 in the previous year[7] - The adjusted profit before tax for the reporting segments was HKD 83,680,000 for the six months ended December 31, 2021, compared to HKD 13,335,000 for the same period in 2020, indicating a significant increase[33] - The profit attributable to the company's owners for the same period was approximately HKD 46,741,000, a significant increase of 2,020.7% from HKD 2,204,000[83] Assets and Liabilities - Non-current assets totaled HKD 1,429,365,000 as of December 31, 2021, up from HKD 1,290,165,000 as of June 30, 2021[13] - Current assets increased to HKD 525,715,000 from HKD 474,137,000, indicating a growth of 10.9%[13] - As of December 31, 2021, the net current assets increased to HKD 156,932 thousand from HKD 68,327 thousand as of June 30, 2021, representing a growth of 130%[15] - Total assets less current liabilities rose to HKD 1,586,297 thousand, up from HKD 1,358,492 thousand, indicating an increase of 16.7%[15] - The total equity attributable to owners of the company reached HKD 1,259,791 thousand, compared to HKD 1,200,263 thousand, reflecting a growth of 4.9%[15] - The total liabilities as of December 31, 2021, amounted to HKD 695,641,000, an increase from HKD 565,752,000 as of June 30, 2021[35] - The total non-current liabilities increased to HKD 326,858 thousand from HKD 159,942 thousand, showing a substantial increase of 104%[15] Cash Flow - The net cash used in operating activities for the six months ended December 31, 2021, was HKD (58,001) thousand, a significant decline from HKD (8,245) thousand in the same period of 2020[20] - Cash and cash equivalents at the end of the period increased to HKD 67,467 thousand from HKD 41,270 thousand, marking a rise of 63.5%[20] - The company reported a net cash used in investing activities of HKD (55,503) thousand, compared to a net cash generated of HKD 5,193 thousand in the previous year[20] - The financing activities generated a net cash inflow of HKD 109,993 thousand, a turnaround from a cash outflow of HKD (15,556) thousand in the prior period[20] Revenue Breakdown - The total revenue for the six months ended December 31, 2021, was HKD 268,174,000, with external customer revenue from cable and wire manufacturing at HKD 169,709,000, copper rod trading at HKD 91,419,000, and investment properties at HKD 7,046,000[27] - Revenue from the China market reached HKD 160,528,000, up 39% from HKD 115,410,000 year-on-year[37] - The wire and cable segment generated revenue of approximately HKD 169,709,000, a 42.6% increase from HKD 118,991,000, accounting for 63.3% of total revenue[86] - The copper rod business reported revenue of approximately HKD 91,419,000, up 41.0% from HKD 64,858,000, benefiting from high international copper prices[87] - Rental income from investment properties was approximately HKD 7,046,000, a decrease of 8.1% from HKD 7,671,000 due to the sale of properties in Dongguan[89] Business Strategy and Outlook - The company plans to continue exploring market expansion and new product development strategies to sustain growth in the upcoming periods[9] - The group expects a steady recovery in the global economy next year, with improvements in the operating environment for its wire, cable, and copper rod businesses[92] - The group is actively seeking potential business partners and new business opportunities to achieve balanced development and diversify its revenue sources[92] Corporate Governance - The company has complied with the corporate governance code, with exceptions noted for specific clauses due to operational circumstances[111] - The independent non-executive director, Mr. Zhong, has served for over 18 years and was re-elected at the 2021 annual general meeting, demonstrating continued independent judgment[112] - The chairman and CEO roles are currently held by the same individual, Mr. Zhou, which the board believes is in the best interest of the company[116] - The company’s audit committee, composed of independent non-executive directors, has reviewed the unaudited interim results and agreed on the accounting treatment adopted[120] Employment and Commitments - The group employed approximately 500 employees as of December 31, 2021, maintaining the same number as June 30, 2021[93] - The group has capital commitments for construction amounting to HKD 178,178,000 as of December 31, 2021[75] Shareholder Information - As of December 31, 2021, the company’s directors and their associates held a total of 39,380,000 shares, representing 1.66% of the issued share capital[107] - No major shareholders or other individuals, excluding directors and senior management, held any disclosed interests in the company's shares as of December 31, 2021[108]

Financial Performance - The total revenue for the fiscal year ending June 30, 2021, was approximately HKD 433,049,000, an increase of 50.2% compared to HKD 288,271,000 in the previous year[7]. - The profit attributable to owners for the fiscal year was approximately HKD 156,346,000, compared to a loss of HKD 142,259,000 in the previous year, resulting in earnings per share of HKD 0.066[7]. - The wire and cable segment generated revenue of approximately HKD 278,995,000, a 56.6% increase from HKD 178,209,000 in the previous year, accounting for 64.4% of total revenue[8]. - The copper rod business reported revenue of approximately HKD 140,300,000, up 43.1% from HKD 98,045,000, representing 32.4% of total revenue[8]. - Rental income from investment properties was approximately HKD 13,754,000, an increase of 14.5% from HKD 12,017,000 in the previous year[14]. - Revenue from the Americas market increased by 100.2% to approximately HKD 38,843,000, accounting for 9.0% of total revenue[9]. - Revenue from mainland China and Hong Kong rose by 41.6% to approximately HKD 305,932,000, making up 70.7% of total revenue[9]. Market Conditions and Strategy - The average copper price increased from approximately USD 6,300 per ton at the beginning of the year to approximately USD 9,400 per ton by the end of the year[13]. - The company noted a historical high copper price of USD 10,720 per ton during the fiscal year, driven by strong demand from China and supply constraints[15]. - The company plans to monitor market conditions closely and adjust its strategies accordingly in response to potential oversupply in the copper market[16]. - The company has adopted a new assumption for copper price calculations to avoid significant impairment or loss due to price fluctuations, moving away from using past end-of-period spot prices[17]. - The pandemic has severely impacted Mongolia, limiting travel and complicating investment decisions for the company, particularly in establishing processing plants and purchasing mining equipment[17]. - The company did not record any revenue from its mining resources in Mongolia during the review year, as no production activities were conducted[17]. - The advertising market in China has significantly declined due to clients cutting budgets in response to the ongoing COVID-19 pandemic, affecting traditional advertising companies more severely[18]. - The company anticipates a gradual recovery in the global economy next year, driven by vaccine distribution and government stimulus policies, which will improve the operating environment for its wire, cable, and copper rod businesses[19]. - Construction of a new factory in Dongguan, China, is ongoing, with plans to optimize land resources for modern facilities to generate new revenue streams[19]. - The company has paused construction projects due to uncertainties caused by the pandemic and is reassessing the development prospects of these projects while seeking potential partners[19]. - The company aims to identify potential business partners and new growth opportunities to diversify and sustain its revenue sources, thereby enhancing shareholder value[19]. Financial Position and Investments - The group's cash and cash equivalents as of June 30, 2021, were approximately HKD 67 million, an increase from HKD 64 million as of June 30, 2020[55]. - The net current assets as of June 30, 2021, were approximately HKD 68 million, down from HKD 121 million as of June 30, 2020[55]. - The group's capital debt ratio as of June 30, 2021, was 0.23, compared to 0.18 as of June 30, 2020, with total borrowings of approximately HKD 270 million[55]. - The group has pledged investment properties with a net book value of approximately HKD 364 million as of June 30, 2021, up from HKD 310 million as of June 30, 2020[56]. - The group did not make any significant investments during the review year and has no plans for major investments or capital assets as of the board report date[38]. - The group did not recommend the payment of a final dividend for the year ended June 30, 2021[47]. Governance and Compliance - The group has identified several risks and uncertainties that may impact its financial condition and operational performance[32]. - The group has not engaged in any related party transactions that constitute connected transactions under the listing rules for the year ended June 30, 2021[54]. - The group has maintained compliance with all relevant laws and regulations without any significant violations during the review year[41]. - The group has adopted green initiatives, including waste paper recycling and energy conservation measures[43]. - The group incurred a net loss of approximately HKD 507,000 from derivative financial instruments during the review year, compared to a net loss of HKD 134,000 in the previous year[59]. - The total number of shares available for issuance under the share option plan is 237,453,234 shares, representing 10% of the issued shares as of the report date[70]. - The company decided to grant options to eligible participants to subscribe for a total of 162,260,000 shares on March 20, 2019, depending on acceptance by the grantees[76]. - The company also decided to grant options to eligible participants to subscribe for a total of 53,800,000 shares on July 25, 2019, subject to acceptance by the grantees[77]. - The share option plan is valid for a period of 10 years from the date it becomes unconditional[76]. - The group aims to manage financial risks through derivative financial instruments rather than for speculative purposes[59]. - The board of directors includes executive and independent non-executive members, with some directors eligible for re-election at the upcoming annual general meeting[61]. - The company is closely monitoring ongoing legal proceedings involving its directors and will provide updates to shareholders and potential investors as necessary[65]. - The share option plan is designed to encourage and reward contributions to the group and to attract and retain capable employees[68]. - The exercise price for any specific option will be determined by the board but cannot be lower than the higher of the closing price on the grant date or the average closing price over the five trading days preceding the grant date[76]. - As of June 30, 2021, there were a total of 53,800,000 unexercised stock options, representing approximately 2.27% of the company's issued shares of 2,374,532,340[82]. - During the year, a total of 138,220,000 stock options expired, with no options exercised or canceled[83]. - The company has not adopted any new stock option plans for the year ending June 30, 2021[84]. - The top five customers accounted for approximately 38.6% of the total revenue for the year, while the top five suppliers accounted for about 52.1% of total purchases[93]. - The largest customer contributed approximately 12.6% to the total revenue, and the largest supplier accounted for about 27.3% of total purchases[93]. - As of June 30, 2021, the beneficial ownership of directors included 39,380,000 shares (1.66%) held by one director[85]. - The company has the authority to grant up to 237,453,234 stock options, which is 10% of the issued shares, as approved by shareholders[82]. - No directors or senior executives had any interests in businesses that directly or indirectly compete with the company[89]. - There were no significant transactions or contracts involving directors or their related entities during the year[90]. - The independent non-executive directors confirmed their independence as per the listing rules[92]. - The group employed approximately 500 employees as of June 30, 2021, consistent with the previous year[96]. - The group has adopted a share option scheme to reward eligible individuals, including directors and qualified employees, for their contributions[98]. - The group contributes 5% of employees' relevant income to the Mandatory Provident Fund (MPF) plan, with a monthly income cap of HKD 30,000[98]. - The company has maintained the minimum public float as required under the listing rules[102]. - There were no significant events occurring after the reporting period[105]. - The independent non-executive director has served for over 18 years and will be subject to re-election at the upcoming annual general meeting[115]. - The company has maintained compliance with the listing rules, appointing at least three independent non-executive directors, who constitute at least one-third of the board[126]. - The board held a total of seven meetings during the year ending June 30, 2021, with all directors participating actively[128]. - Independent non-executive directors have served for over nine years, ensuring their independence as per the guidelines[126]. - The chairman and managing director was unable to attend the 2020 annual general meeting due to COVID-19 restrictions, with the vice-chairman presiding instead[118]. - The company has implemented a standard code of conduct for securities trading among directors, confirming compliance for the year ending June 30, 2021[120]. - The board is responsible for setting strategic policies and overseeing management, including approving significant transactions and financial disclosures[122]. - The company has secured appropriate liability insurance for its directors and senior management against legal claims arising from corporate activities[127]. - The nomination committee and board have confirmed the independence of all independent non-executive directors according to the listing rules[126]. - The company has not held any special general meetings during the year ending June 30, 2021[128]. - The board has ensured that all directors have sufficient time to fulfill their responsibilities[130]. - The remuneration committee held one meeting during the year ending June 30, 2021, with all members present, reviewing the compensation packages for all executive directors and senior management[135]. - The auditor's fees for the year ending June 30, 2021, amounted to HKD 1,900,000 for audit services and HKD 250,000 for non-audit services, consistent with the previous year[148]. - The nomination committee also held one meeting during the year, determining the nomination policy for directors and senior management candidates[144]. - The board diversity policy was adopted effective January 1, 2019, aiming to achieve diversity in the board's composition, considering various factors such as skills, experience, and gender[145]. - The company encourages all directors to participate in relevant training courses, with costs covered by the company[133]. - The remuneration committee's responsibilities include determining the specific compensation packages for all executive directors and senior management, considering factors such as industry standards and performance-based bonuses[135]. - The company has implemented a board member diversity policy to ensure a balanced representation of talents and backgrounds[145]. - The nomination committee's role includes reviewing the structure and composition of the board to align with the company's strategy and diversity policy[138]. - The company aims to maintain a balanced board diversity vision to support its business development[145]. - The board has adopted a policy for the re-election of directors at the annual general meeting, ensuring compliance with the company's articles of association[144]. - The audit committee held four meetings during the year ended June 30, 2021, with full attendance from all members[150]. - The audit committee reviewed the financial statements for the year ended June 30, 2021, confirming compliance with applicable accounting standards and legal requirements[150]. - The company has adopted a dividend policy effective from January 1, 2019, which emphasizes maintaining sufficient cash reserves for operational needs and future development[152]. - The board of directors is responsible for reviewing and monitoring compliance with legal and regulatory requirements, as well as corporate governance practices[155]. Environmental, Social, and Governance (ESG) Initiatives - The company aims to become a leading manufacturer and quality supplier of cables, wires, copper rods, and copper wires in China and globally[180]. - The company has established a risk management framework involving the board, audit committee, and senior management to monitor the effectiveness of risk management and internal controls[167]. - An external independent consultant was hired to review the effectiveness of the risk management and internal control systems, concluding that the systems are adequate and effective[169]. - The company focuses on optimizing its business and concentrating on core activities, including the manufacturing and trading of cables and wires, trading of copper products, and property investment[177]. - The environmental, social, and governance (ESG) report for the year ending June 30, 2021, was prepared in accordance with the guidelines set out in the listing rules[176]. - The company has been ISO 9001:2000 certified since 2003, indicating effective management in environmental, social, and governance aspects[183]. - The board is responsible for approving and updating strategies and policies related to environmental and social issues as per the ESG report guidelines[182]. - The company is committed to providing a safe, healthy, and pleasant working environment for employees while ensuring sustainable development[180]. - The report period for the ESG report covers from July 1, 2020, to June 30, 2021[179]. - The company emphasizes compliance with relevant laws and regulations, sustainable development principles, and maximizing benefits for investors and stakeholders[182]. - Indirect greenhouse gas emissions from electricity consumption totaled 8,281 tons, a 119% increase compared to the previous reporting period's 3,774 tons[194]. - The company aims for zero growth in greenhouse gas emissions through stricter electricity consumption controls[194]. - The main source of wastewater discharge is cooling water used in the production process, with a closed-loop system implemented to minimize wastewater[196]. - The company continues to adhere to the 3-R principle (Reduce, Reuse, Recycle) in its operations to minimize waste generation[197]. - No confirmed violations of environmental laws were reported during the reporting period[190]. - The company has not received any complaints or warnings regarding direct harmful gas emissions from environmental authorities or local communities[195]. - The total amount of non-hazardous waste generated remains low and is expected to be properly managed in the coming year[199]. - The company has complied with all national and local environmental laws and regulations, maintaining its pollution discharge permit since November 2017[190]. - The company actively engages with stakeholders through various communication channels, including annual meetings and direct emails[187]. - Key environmental performance indicators are monitored and managed through an approved management framework[188].

Financial Performance - The company reported revenue of HKD 191,520,000 for the six months ended December 31, 2020, an increase of 30.5% compared to HKD 146,580,000 in the same period of 2019[5]. - Gross profit for the same period was HKD 30,695,000, up from HKD 18,010,000, reflecting a significant improvement in profitability[5]. - The company achieved a profit before tax of HKD 2,919,000, a turnaround from a loss of HKD 53,105,000 in the previous year[7]. - Net profit attributable to owners of the company was HKD 2,204,000, compared to a loss of HKD 51,492,000 in the prior period[9]. - The total comprehensive income for the period was HKD 5,034,000, recovering from a loss of HKD 1,439,000 in the same period last year[9]. - The company reported a basic and diluted earnings per share of HKD 0.09, recovering from a loss of HKD 2.17 per share in the previous year[9]. - The adjusted profit before tax for the reporting segments was HKD 13,335,000, compared to a loss of HKD 19,924,000 for the same period in 2019[34]. - The pre-tax profit for the six months ended December 31, 2020, was HKD 2,204,000, a significant recovery from a loss of HKD 51,492,000 in the same period of 2019[46]. - The financing costs for the six months ended December 31, 2020, totaled HKD 8,276,000, slightly down from HKD 8,589,000 in the previous year[41]. Assets and Liabilities - The company’s non-current assets totaled HKD 1,063,417,000 as of December 31, 2020, compared to HKD 1,040,336,000 as of June 30, 2020[11]. - Current assets increased to HKD 398,406,000 from HKD 339,773,000, indicating improved liquidity[11]. - Current liabilities rose to HKD 355,816,000 from HKD 218,288,000, reflecting increased operational activities[11]. - Total assets less current liabilities amounted to HKD 1,106,007,000, down from HKD 1,161,821,000[13]. - The total non-current liabilities decreased to HKD 97,470,000 from HKD 152,955,000[13]. - The total equity as of December 31, 2020, was HKD 1,008,537,000, slightly down from HKD 1,008,866,000[13]. - The total liabilities for the reporting segments as of December 31, 2020, were HKD 373,793,000, with the cable segment contributing HKD 216,130,000[31]. - The total liabilities as of December 31, 2020, amounted to HKD 453,286,000, an increase from HKD 371,243,000 as of June 30, 2020, representing a growth of approximately 22%[36]. Cash Flow - The cash flow from operating activities showed a net outflow of HKD 8,245,000, an improvement from HKD 33,499,000 in the previous year[17]. - Cash flow from investing activities generated a net inflow of HKD 5,193,000, compared to HKD 12,240,000 in the prior year[17]. - Cash flow from financing activities resulted in a net outflow of HKD 15,556,000, significantly higher than HKD 2,487,000 in the previous year[17]. - The ending cash and cash equivalents balance was HKD 41,270,000, an increase from HKD 34,957,000 year-over-year[17]. - The group maintained a cash and bank balance of approximately HKD 41,000,000 as of December 31, 2020, down from HKD 64,000,000 on June 30, 2020[107]. Revenue Breakdown - For the six months ended December 31, 2020, total revenue was HKD 191,520,000, with contributions from cable and wire manufacturing (HKD 118,991,000), copper trading (HKD 64,858,000), and investment properties (HKD 7,671,000)[27]. - Revenue from external customers for the six months ended December 31, 2020, was HKD 191,520,000, up from HKD 146,580,000 in the same period of 2019, indicating a year-over-year increase of about 30.6%[38]. - The wire and cable business generated revenue of approximately HKD 118,991,000, a 33.2% increase from approximately HKD 89,339,000 in the previous year[98]. - Revenue from the copper rod segment was approximately HKD 64.86 million, a 25.2% increase from approximately HKD 51.82 million in the same period last year, accounting for 33.9% of total revenue[95]. - Rental income was approximately HKD 7.67 million, a 41.5% increase from approximately HKD 5.42 million in the same period last year, accounting for 4.0% of total revenue[95]. - Revenue from the Americas increased by 105.4% year-on-year to approximately HKD 20,196,000, accounting for 10.6% of total revenue[97]. - Revenue from mainland China and Hong Kong rose by 18.7% year-on-year to approximately HKD 130,617,000, representing 68.2% of total revenue[97]. - Revenue from the European market increased by 61.5% year-on-year to approximately HKD 30,895,000, making up 16.1% of total revenue[97]. Business Strategy and Future Plans - The company plans to continue focusing on market expansion and new product development to drive future growth[5]. - The group plans to leverage its land resources to construct modern factories in Dongguan, China, to generate new revenue[105]. - The group is actively seeking potential business partners and new growth opportunities to diversify and sustain revenue sources[105]. Subsidiary Sale - The company completed the sale of its subsidiary Dongguan Xinbao Fine Chemical Co., Ltd. for a cash consideration of HKD 44,460,000 on December 18, 2020[77]. - The total consideration from the sale of the subsidiary was HKD 44.46 million, resulting in a loss on sale of HKD 9.82 million[79]. - The net cash inflow from the sale of a subsidiary was HKD 29.03 million after deducting cash and bank balances sold[79]. - The decision to sell was influenced by the adverse effects of the COVID-19 pandemic on the local real estate market and the aging condition of the factory facilities[121]. - Following the completion of the sale on December 18, 2020, the company no longer holds any equity in the target company[123]. Corporate Governance - The company complied with the principles of the corporate governance code, except for deviations from certain provisions[140]. - All directors confirmed compliance with the standards set forth in the code during the review period[148]. - The Audit Committee consists of Mr. Zhong Jingguang, Mr. Luo Weiming, and Mr. Luo Zhaoming, all independent non-executive directors[147]. - The Audit Committee has reviewed the unaudited interim results for the review period and agreed on the accounting treatment adopted[147]. Stock Options - As of December 31, 2020, there were a total of 191,520,000 unexercised stock options, representing approximately 8.07% of the company's issued shares of 2,374,532,340[131]. - During the review period, 500,000 stock options expired, with no options exercised or canceled[132]. - The company did not adopt any new stock option plans during the six months ended December 31, 2020[133].

Financial Performance - For the fiscal year ending June 30, 2020, the company reported total revenue of approximately HKD 288,271,000, a decrease of 9.1% compared to HKD 317,134,000 in the previous year[8]. - The loss attributable to shareholders for the year was approximately HKD 142,259,000, a reduction of 52.9% from HKD 301,963,000 in the prior year, with a loss per share of HKD 0.06 compared to HKD 0.13 in the previous year[8]. - The wire and cable segment generated revenue of approximately HKD 178,209,000, an increase of 1.0% from HKD 176,494,000, accounting for 61.8% of total revenue[9]. - The copper rod segment's revenue was approximately HKD 98,045,000, a decrease of 23.1% from HKD 127,419,000, representing 34.0% of total revenue[9]. - Rental income increased by approximately 30.8% to HKD 12,017,000 from HKD 9,187,000, primarily due to the resumption of leasing in Dongguan[14]. - Revenue from the Americas increased by 40.0% to approximately HKD 19,399,000, while revenue from mainland China and Hong Kong decreased by 16.4% to approximately HKD 216,121,000[10]. Business Operations and Strategy - The company has decided to temporarily suspend mining investments in Mongolia due to the lack of synergy with its business development and the impact of the US-China trade war and COVID-19 on global demand for copper[15]. - The advertising business faced significant challenges due to the economic slowdown in China and reduced advertising budgets from clients, leading to a substantial decline in the traditional advertising market[16]. - The company will closely monitor the developments related to the US-China trade war and adjust its strategies accordingly[13]. - The company has implemented targeted market strategies to maintain stability in its wire and cable business amid the ongoing COVID-19 pandemic[11]. - The ongoing COVID-19 pandemic has created an uncertain outlook for global economic development, prompting the company to closely monitor its impact on business and adjust its development direction accordingly[19]. - The company's indirect non-wholly owned subsidiary, Lianjiang Zhou's Stone Co., Ltd., has suspended construction projects due to the pandemic, with plans to reassess project development and resource allocation[19]. - The company has initiated construction on some land in Dongguan during the review year, aiming to fully utilize existing land resources to build modern factories and generate new revenue[19]. - The company is actively seeking potential business partners and new business opportunities with growth potential to achieve balanced development and diversify income sources, thereby increasing shareholder value[19]. Financial Position and Risk Management - The company has identified key risks and uncertainties affecting its financial condition and operational performance, including risks related to mining operations and foreign exchange fluctuations[31][33]. - The company will closely monitor investment risks in Mongolia, where its mineral resources are concentrated, and adjust investment strategies accordingly[32]. - The company actively manages market risks, including currency and interest rate fluctuations, to ensure timely and effective implementation of appropriate measures[34][35]. - The group reported cash and bank balances of approximately HKD 64 million as of June 30, 2020, compared to HKD 60 million as of June 30, 2019, indicating a year-over-year increase of approximately 6.67%[54]. - The net current assets of the group were approximately HKD 121 million as of June 30, 2020, down from HKD 142 million as of June 30, 2019, reflecting a decrease of about 14.79%[54]. - The group's debt-to-equity ratio increased to 0.18 as of June 30, 2020, from 0.15 as of June 30, 2019, with total borrowings of approximately HKD 183 million compared to HKD 172 million in the previous year[54]. - The group has pledged investment properties with a net book value of approximately HKD 310 million as of June 30, 2020, up from HKD 241 million as of June 30, 2019, representing an increase of about 28.63%[55]. - The group reported a net loss of approximately HKD 134,000 from derivative financial instruments during the year, a significant improvement compared to a net loss of HKD 1,132,000 in the previous year[58]. Corporate Governance - The group did not recommend any final dividend for the year ended June 30, 2020, maintaining a consistent policy from the previous year[46]. - The group has not made any significant investments or capital asset sales during the review year, indicating a conservative approach to capital allocation[37]. - There were no major disputes with business partners or banks during the review year, reflecting stable stakeholder relationships[44]. - The group has complied with relevant laws and regulations without any serious violations during the review year, ensuring operational integrity[40]. - The group has not conducted any fundraising or capital restructuring during the review year, maintaining a stable capital structure[38]. - The company has adopted a share option plan allowing for the issuance of a total of 237,453,234 shares, representing 10% of the issued shares as of the report date[68]. - The independent non-executive directors have confirmed their independence as per the listing rules[91]. - The top five customers accounted for approximately 39.2% of the total revenue, with the largest customer contributing about 16.6%[93]. - The top five suppliers represented around 63.6% of total procurement, with the largest supplier making up about 39.6% of total purchases[93]. - The company employed approximately 500 employees as of June 30, 2020, maintaining the same number as the previous year[95]. - The remuneration policy for employees is regularly reviewed based on market levels, company performance, and individual qualifications[95]. Environmental, Social, and Governance (ESG) Practices - The company has been ISO 9001:2000 certified since 2003, indicating effective management in environmental, social, and governance practices[178]. - The company focuses on core businesses: manufacturing and trading of cables and wires, trading of copper products, and property investment[171]. - The board regularly reviews and updates the environmental and social governance policies based on relevant laws and regulations[177]. - The company emphasizes stakeholder communication to address concerns related to environmental and social responsibilities[179]. - The company is committed to providing a safe, healthy, and pleasant working environment for its employees while ensuring sustainable development[174]. - Indirect greenhouse gas emissions from electricity consumption increased by 4.7% to 3,774 tons during the reporting period[188]. - The company aims for zero growth in greenhouse gas emissions in the upcoming year through stricter electricity consumption controls[188]. - The main source of wastewater discharge remains cooling water, with a focus on minimizing wastewater through a closed-loop system[190]. - The company continues to adhere to the 3-R principle (Reduce, Reuse, Recycle) in its operations to minimize waste[191]. - No violations of environmental laws were reported during the reporting period, and no complaints were received regarding harmful gas emissions[189][195]. - The company has maintained a low level of hazardous waste generation, with no significant environmental impact[194]. - The company has complied with all national and local environmental laws and regulations, holding a pollution discharge permit since November 2017[185]. - The company has not received any complaints or warnings related to noise and light pollution during the reporting period[196]. - The group consumed 3,785,487 kWh of electricity during the reporting period, an increase of 178,669 kWh or 4.95% compared to the previous period[198]. - The increase in electricity consumption was primarily due to property construction projects, with no recorded increase in consumption from factory operations, trading activities, or office operations[198]. - The group continues to implement energy-saving measures, including mandatory shutdown of lights and equipment when not in use[198]. - The group aims for zero growth in electricity consumption under normal operating conditions in the coming year[200]. - Investment in energy-efficient tools and equipment, such as LED lighting, continues to be a priority for the group[200]. - The group encourages the use of natural ventilation instead of air conditioning when conditions permit[199]. - The group has established guidelines for effective resource use in office administration, factory production, and daily employee activities[197]. - Employees are continuously reminded to use resources effectively and avoid unnecessary waste[197]. - The group is committed to optimizing operations while complying with relevant national laws and regulations[197]. - The group aims to maintain a predetermined energy-saving temperature level in the workplace[199].

Financial Performance - The company reported a revenue of HKD 146,580,000 for the six months ended December 31, 2019, a decrease of 13% compared to HKD 168,226,000 in the same period of 2018[7]. - Gross profit for the same period was HKD 18,010,000, down from HKD 19,363,000, reflecting a decline in profitability[7]. - The company incurred a loss before tax of HKD 53,105,000, an improvement from a loss of HKD 59,283,000 in the previous year[7]. - Total comprehensive income for the period was a loss of HKD 1,439,000, compared to a loss of HKD 51,724,000 in the same period last year, showing a reduction in overall losses[10]. - The company reported a basic and diluted loss per share of HKD 2.17, compared to HKD 2.51 in the previous year, indicating a slight improvement in loss per share[10]. - The company reported a total revenue of HKD 1,828,432 thousand for the six months ended December 31, 2019, consistent with the previous year's figure[20]. - The company reported a pre-tax loss of HKD 31,874 for the six months ended December 31, 2019, compared to a pre-tax loss of HKD 38,351 for the same period in 2018, indicating an improvement of approximately 17.5%[57]. - The loss attributable to the company's owners for the period was approximately HKD 51,492,000, a reduction of 13.5% from HKD 59,507,000 in the previous year[111]. Cash Flow and Liquidity - The net cash used in operating activities for the six months ended December 31, 2019, was HKD (33,499) thousand, compared to HKD (76,978) thousand for the same period in 2018, indicating an improvement of 56.4%[23]. - The cash and cash equivalents at the end of the period were HKD 34,957 thousand, down from HKD 58,425 thousand in the previous year, a decrease of 40.2%[23]. - The company raised new borrowings of HKD 104,670,000 during the six months ended December 31, 2019, compared to HKD 91,241,000 in the same period of the previous year[92]. - The company made repayments of HKD 100,076,000 during the same period, up from HKD 56,886,000 in the previous year[92]. - As of December 31, 2019, the company had total borrowings of HKD 160,750,000, of which HKD 160,750,000 was secured[92]. - The group’s debt-to-equity ratio as of December 31, 2019, was 0.15, with total borrowings of approximately HKD 169,000,000 against shareholder equity of approximately HKD 1,122,000,000[125]. Assets and Liabilities - Non-current assets totaled HKD 1,092,911,000 as of December 31, 2019, an increase from HKD 1,039,759,000 as of June 30, 2019[12]. - Current assets decreased to HKD 317,995,000 from HKD 361,402,000, indicating a reduction in liquidity[14]. - The total assets as of December 31, 2019, were HKD 1,410,906, slightly up from HKD 1,401,161 as of June 30, 2019[59]. - The total liabilities as of December 31, 2019, were HKD 296,995, an increase from HKD 287,140 as of June 30, 2019[59]. - The deferred tax liabilities increased to HKD 67,379 as of December 31, 2019, compared to HKD 53,575 as of June 30, 2019[59]. Segment Performance - The group reported external customer revenue of 88,875 thousand HKD from cable and wire manufacturing, 51,819 thousand HKD from copper rod trading, and 4,886 thousand HKD from investment properties, totaling 146,580 thousand HKD[49]. - The adjusted pre-tax loss for the cable and wire manufacturing segment was 19,447 thousand HKD, while the copper rod trading segment reported a loss of 1,296 thousand HKD, resulting in a total adjusted pre-tax loss of 31,874 thousand HKD[49]. - The wire and cable business generated revenue of approximately HKD 89,875,000, down 4.4% from HKD 93,965,000 year-on-year, accounting for 61.3% of total revenue[115]. - The copper rod business revenue was approximately HKD 51,819,000, a decrease of 23.4% from HKD 67,611,000 in the previous year, representing 35.4% of total revenue[116]. - Rental income was approximately HKD 4,886,000, down 3.2% from HKD 5,046,000 year-on-year, primarily due to the depreciation of the RMB[118]. Investment and Capital Expenditure - The company has capital commitments of HKD 156,460,000 for building acquisitions as of December 31, 2019[101]. - The group purchased property, plant, and equipment for HKD 924,000 during the six months ended December 31, 2019, a significant decrease from HKD 2,668,000 in the same period of 2018[72]. - The company did not engage in any fundraising or capital restructuring during the review period[133]. - No significant investments were made by the company during the review period[134]. Governance and Compliance - The company has complied with the principles of the corporate governance code, except for deviations from specific provisions[149]. - The roles of the Chairman and CEO are held by the same individual, which is considered to be in the best interest of the group[150]. - The independent non-executive directors have been re-elected at the 2019 annual general meeting, ensuring compliance with governance standards[153][154]. - The audit committee has reviewed the unaudited interim results for the review period and agreed on the accounting treatment adopted[157]. - The company has adopted a standard code of conduct for securities trading, confirming compliance by all directors during the review period[158].

Financial Performance - The total revenue for the year ended June 30, 2019, was approximately HKD 317,134,000, a decrease of 19.8% compared to HKD 395,380,000 in the previous year[13]. - The loss attributable to shareholders for the year was approximately HKD 301,963,000, compared to a loss of HKD 85,639,000 in the previous year, resulting in a loss per share of HKD 0.13[13]. - Revenue from the wire and cable business was approximately HKD 176,494,000, a decrease of 10.0% from HKD 196,081,000 in the previous year, accounting for 55.6% of total revenue[14]. - Revenue from the copper rod business was approximately HKD 127,419,000, down 29.0% from HKD 179,408,000, representing 40.2% of total revenue[14]. - Rental income decreased by approximately 20.5% to HKD 9,187,000 from HKD 11,550,000, primarily due to the lack of leasing for a factory in Shanghai's Qingpu District[21]. - The securities business generated revenue of only HKD 1,953,000, a significant decrease of 76.6% from HKD 8,341,000 in the previous year, leading to the decision to suspend operations[25]. - Revenue from the Americas decreased by 19.3% to approximately HKD 13,857,000, while revenue from mainland China and Hong Kong fell by 21.8% to approximately HKD 258,571,000, accounting for 81.5% of total revenue[15]. Business Strategy and Operations - The company will closely monitor the developments of the US-China trade war and adjust its market strategies accordingly[16]. - The metallurgical-grade bauxite trading business recorded no revenue due to a suspension of mining operations in Malaysia, prompting the company to consider reallocating resources to other viable businesses[22]. - The company adopted a more cautious investment strategy regarding its mineral resources in Mongolia due to uncertainties in the international mineral market[23]. - The advertising business faced significant challenges due to a downturn in the Chinese advertising market, with traditional advertising experiencing a more severe decline[26]. - The company holds a 49% stake in Yidian International Holdings Limited, which has been adversely affected by the economic fluctuations in China[26]. - The company is exploring the feasibility of relocating some production lines to Southeast Asia to mitigate risks from the ongoing US-China trade tensions[30]. - The company aims to diversify its business and increase shareholder value by identifying potential business partners and new growth opportunities[30]. - The company aims to diversify its business and expand revenue sources, particularly in the low-carbon lighting product manufacturing sector in China, which is expected to have growth potential[50]. - The company is actively exploring business opportunities to achieve sustainable development and enhance shareholder value[50]. Financial Position and Capital Management - As of June 30, 2019, the group had cash and bank balances of approximately HKD 60 million, down from HKD 87 million as of June 30, 2018[82]. - The net current assets of the group were approximately HKD 142 million as of June 30, 2019, compared to HKD 247 million as of June 30, 2018[82]. - The capital debt ratio as of June 30, 2019, was 0.15, an increase from 0.09 as of June 30, 2018, with total bank borrowings of approximately HKD 172 million[82]. - The group pledged investment properties with a net book value of approximately HKD 241 million as of June 30, 2019, compared to HKD 168 million as of June 30, 2018[83]. - The group incurred a net loss of approximately HKD 1.132 million from derivative financial instruments during the year, compared to a net gain of HKD 738,000 in the previous year[87]. - No significant investments or capital asset sales were made during the review year, and there are no plans for major investments as of the report date[64]. - The company did not recommend the payment of a final dividend for the year ended June 30, 2019[73]. Corporate Governance - The company has maintained good corporate governance practices in line with the relevant codes and guidelines[145]. - The board of directors has maintained compliance with the listing rules, appointing at least three independent non-executive directors, constituting at least one-third of the board[162]. - The independent non-executive directors confirmed their independence in accordance with the listing rules[127]. - The company has adopted the standard code of conduct for securities trading by directors, confirming adherence to the standards as of June 30, 2019[154]. - The board is responsible for the overall management of the company's business and affairs, with daily management delegated to the chairman and management team[157]. - The company has provided appropriate liability insurance for its directors and senior management against legal actions arising from corporate activities[163]. - The nomination committee and board believe that the long service of independent non-executive directors will not affect their independent judgment[152]. - The company has a total of six directors, including three executive directors and three independent non-executive directors[158]. - The board held regular meetings throughout the year, allowing all directors to propose agenda items for discussion[158]. - The company has confirmed that independent non-executive directors have extensive experience in accounting and financial management, ensuring effective oversight[161]. Shareholder Engagement and Communication - The company’s annual general meeting serves as the primary platform for communication between shareholders and the board, encouraging shareholder participation to ensure accountability[197]. - The company has a total of 19,163,234 shares available for issuance under the stock option plan, with a maximum limit of 235,223,234 shares authorized as of December 8, 2017[98]. - The company has engaged in a cooperation agreement to enhance the financial strength of Dongguan Yuxin and create synergies with its existing business[54]. - The company’s website provides updated information on business developments, governance practices, and shareholder rights[193]. Risk Management - The company has identified various risks, including market, foreign exchange, and interest rate risks, which may impact its financial performance and business outlook[42][44][45][46]. - The company has not undertaken large-scale capital investments in its mining operations during the review period, focusing instead on exploration and maintenance of mining rights[43]. - The company is committed to monitoring investment risks in Mongolia and adjusting its investment strategies accordingly[43]. Employee and Director Matters - The company employed approximately 500 employees as of June 30, 2019, maintaining the same number as the previous year[132]. - The remuneration committee convened once during the year, reviewing the compensation packages of all executive directors and senior management[172]. - The nomination committee also held one meeting during the year, assessing the contributions and performance of retiring directors[180]. - The company encourages all directors to participate in continuous professional development, with training costs covered by the company[169]. - The company adopted a director nomination policy on December 5, 2018, to enhance governance practices[173]. Audit and Compliance - The audit committee held four meetings during the year ending June 30, 2019, with all members in attendance, ensuring effective oversight of financial reporting and internal controls[185]. - The company paid HKD 1,900,000 for audit services and HKD 250,000 for non-audit services to its auditor for the year ending June 30, 2019[183]. - The audit committee is responsible for reviewing the financial reporting system and ensuring compliance with applicable accounting standards and regulations[184]. - The company’s governance functions include reviewing compliance with laws and regulations, and monitoring the training and development of directors and senior management[191].

Financial Performance - For the six months ended December 31, 2018, the company reported a revenue of HKD 168,226,000, a decrease of 16% from HKD 200,230,000 in the same period of 2017[6] - Gross profit for the same period was HKD 19,363,000, down from HKD 24,139,000, reflecting a decline of approximately 19%[6] - The company incurred a loss of HKD 59,321,000 for the six months ended December 31, 2018, compared to a profit of HKD 3,079,000 in the prior year[8] - Total comprehensive income for the period was HKD (51,724,000), a significant decrease from HKD 11,677,000 in the previous year[8] - The basic and diluted loss per share for the period was HKD (2.51), compared to earnings of HKD 0.14 in the same period last year[8] - The company reported a total revenue of HKD 1,828,432 thousand for the six months ended December 31, 2018, compared to HKD 1,817,250 thousand for the same period in 2017[19] - The pre-tax loss for the six months ended December 31, 2018, was HKD (59,507,000), compared to a profit of HKD 3,239,000 in the same period of 2017[76] - The loss attributable to the company's owners for the period was approximately HKD 59,507,000, compared to a profit of HKD 3,239,000 in the same period last year, resulting in a loss per share of approximately HKD 0.0251[113] Assets and Liabilities - The company's non-current assets totaled HKD 1,216,764,000 as of December 31, 2018, an increase from HKD 1,203,593,000 as of June 30, 2018[10] - Current assets decreased to HKD 400,782,000 from HKD 450,494,000, indicating a decline of approximately 11%[10] - Current liabilities increased to HKD 217,032,000 from HKD 203,814,000, reflecting a rise of about 6%[12] - The company's total equity as of December 31, 2018, was HKD 1,352,126,000, down from HKD 1,400,028,000 as of June 30, 2018[12] - The company’s total assets as of December 31, 2018, were reported at HKD 1,361,386 thousand, compared to HKD 1,490,439 thousand in the previous year[19] - The total cash and cash equivalents at the end of the period were HKD 58,425 thousand, down from HKD 158,381 thousand at the end of the previous year[19] - The company reported a total liability of HKD 265,420,000 as of December 31, 2018, an increase from HKD 254,059,000 as of June 30, 2018[64] Cash Flow - The company reported a net cash outflow from operating activities of HKD (76,978) thousand for the six months ended December 31, 2018, compared to HKD (44,722) thousand for the same period in 2017[19] - The net cash inflow from investing activities was HKD 13,539 thousand for the six months ended December 31, 2018, while it was a cash outflow of HKD (36,224) thousand in 2017[19] - The net cash inflow from financing activities decreased to HKD 38,727 thousand in the first half of 2018 from HKD 164,128 thousand in the same period of 2017[19] - The company experienced a decrease in cash and cash equivalents due to a net decrease of HKD 24,712 thousand during the period[19] Accounting Standards and Policies - The company adopted the Hong Kong Financial Reporting Standards (HKFRS) 9, which resulted in a reclassification of cumulative losses to HKD (1,132,052) thousand as of July 1, 2018[24] - The cumulative losses recognized for expected credit losses amounted to HKD (550) thousand as of July 1, 2018[24] - The company adopted the Hong Kong Financial Reporting Standards (HKFRS) 9, which changes the impairment model from an incurred loss model to an expected credit loss model[33] - The transition to HKFRS 15 for revenue recognition from customer contracts did not significantly impact the company's accounting policies, as revenue recognition timing remained largely unchanged[49] - The company has implemented a cumulative effect method for HKFRS 15, adjusting retained earnings as of the initial application date without restating prior year financials[44] - The company noted that the transition to HKFRS 9 and HKFRS 15 was conducted without the need to restate comparative information, ensuring a smooth adoption process[42] Segment Performance - The company has four reportable segments: cable and wire manufacturing, copper rod manufacturing, trading of metallurgical-grade bauxite, and investment properties[52] - The wire and cable segment generated revenue of approximately HKD 93,965,000, a decrease of 3.1% from HKD 96,950,000 year-on-year, accounting for 55.8% of total revenue[114] - The copper rod segment's revenue was approximately HKD 67,611,000, down 26.3% from HKD 91,787,000 year-on-year, representing 40.2% of total revenue[114] - The company plans to continue monitoring the performance of its reportable segments separately to make resource allocation decisions[52] Corporate Governance - The company has adhered to the corporate governance code principles, with deviations from specific provisions A.2.1, A.4.1, and A.4.3 due to the current management structure[149] - The current independent non-executive directors have not been appointed for a specified term as per provision A.4.1, but have been re-elected at the annual general meetings[151] - The audit committee has adopted a revised terms of reference effective from January 1, 2019, extending the cooling-off period for former partners of the company's auditors from 1 year to 2 years[154] - The board has adopted a new diversity policy to comply with the corporate governance code, effective from January 1, 2019[155] - A dividend policy has been adopted by the board to comply with the corporate governance code, effective from January 1, 2019[157]