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依賴該等內容而引致之任何損失承擔任何責任。 VEEKO INTERNATIONAL HOLDINGS LIMITED 威高國際控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1173） 截 至2025年3月31日止年度 全年業績公佈 全年業績 威高國際控股有限公司（「本公司」）董事會（「董事會」）呈列本公司及其附屬公司（「本 集 團」）截 至2025年3月31日止年度綜合業績，連同上年同期之比較數字如下： 綜合損益及其他全面收入表 截 至2025年3月31日止年度 | | | 2025年 | 2024年 | | --- | --- | --- | --- | | | 附 註 | 千港元 | 千港元 | | 營業額 | 3 | 481,484 | 586,710 | | 銷售成本 | | (260,316) | (327,389) | | 毛 利 | | 221,168 | 259,321 | | 其他收入及收益淨額 | 4 | 15,1 ...

Financial Performance - For the six months ended September 30, 2024, the company reported a net loss of HKD 48,698,000 compared to a net loss of HKD 864,000 for the same period in 2023, indicating a significant decline in performance [7]. - Gross profit for the period was HKD 106,041,000, down 20.8% from HKD 133,766,000 in the previous year [7]. - Total revenue from other income and gains decreased to HKD 6,014,000, a decline of 50.8% from HKD 12,235,000 in the prior year [7]. - The adjusted loss before tax for the reporting period was HKD 48,075,000, compared to a profit of HKD 6,075,000 in the previous period [44]. - For the six months ended September 30, 2024, the group recorded a revenue of HKD 238,901,000, a decrease of 15.1% compared to HKD 281,289,000 in the same period of 2023 [99]. - The gross profit for the same period was HKD 106,041,000, down 20.7% from HKD 133,766,000 in 2023, primarily due to decreased revenue and gross margin in both cosmetics and fashion businesses [99]. - The company reported a pre-tax loss of HKD 48,698,000, compared to a loss of HKD 864,000 in the same period of 2023 [76]. - Total comprehensive loss for the period was HKD 44.8 million, compared to a loss of HKD 8.0 million in the previous period [153]. Cash Flow and Liquidity - The company experienced a cash outflow from operating activities of HKD 20,307,000, contrasting with a cash inflow of HKD 32,780,000 in the same period last year [13]. - Cash and cash equivalents at the end of the period were HKD 12,065,000, down from HKD 15,039,000 a year earlier [13]. - The company’s current liabilities exceeded its current assets by HKD 116,076,000 as of September 30, 2024, raising concerns about liquidity [15]. - The board has reviewed cash flow forecasts and believes that the company will have sufficient working capital for at least the next 12 months [17]. - The company is currently implementing measures to ensure sufficient cash flow for ongoing operations [18]. - The company has not utilized bank credit facilities amounting to HKD 171,562,000 as of September 30, 2024 [22]. - The group’s outstanding bank borrowings amounted to HKD 179,111,000, down from HKD 390,454,000 as of March 31, 2024 [110]. - The current ratio improved to 0.63 from 0.29 as of March 31, 2024, while the debt ratio decreased to 1.13 from 1.92 [110]. Revenue Breakdown - For the six months ending September 30, 2024, total revenue was HKD 238,901,000, with cosmetics contributing HKD 178,701,000 and fashion contributing HKD 60,200,000 [25]. - The revenue for the six months ending September 30, 2023, was HKD 281,289,000, with cosmetics at HKD 202,850,000 and fashion at HKD 78,439,000, indicating a year-over-year decline of approximately 15% [26]. - The cosmetics business generated revenue of HKD 178,701,000, a decline of 11.9% from HKD 202,850,000 in 2023, with a segment loss of HKD 20,921,000 compared to a loss of HKD 823,000 in the previous year [102]. - The fashion business revenue was HKD 60,200,000, down 23.3% from HKD 78,439,000 in 2023, resulting in a segment loss of HKD 14,878,000 compared to a profit of HKD 6,898,000 in the prior year [103]. Assets and Liabilities - The total bank loans as of September 30, 2024, were HKD 163,055,000, down from HKD 337,827,000 as of March 31, 2024, indicating a reduction in leverage [87]. - The total value of mortgaged assets for bank credit facilities was HKD 519,206,000 as of September 30, 2024, compared to HKD 570,010,000 as of March 31, 2024 [90]. - Non-current assets totaled HKD 698.3 million as of September 30, 2024, down from HKD 712.2 million as of March 31, 2024 [155]. - Current assets increased to HKD 195.2 million from HKD 155.4 million, indicating a growth of approximately 25.6% [155]. - Current liabilities decreased significantly to HKD 311.3 million from HKD 543.2 million, a reduction of about 42.6% [156]. - The company's net asset value stood at HKD 158.6 million, down from HKD 203.3 million, reflecting a decrease of approximately 22% [156]. - The company has a total equity of HKD 158.6 million, which includes share capital of HKD 25.2 million and reserves of HKD 133.4 million [156]. Operational Strategies - The company is considering external financing options and potential risk mitigation measures to reduce cash expenditures and meet operational cash flow needs [22]. - The group plans to optimize its retail network by closing underperforming stores and negotiating reasonable rental costs to reduce expenses [105]. - The group has implemented cost optimization strategies to accelerate the recovery of profitability amid a challenging retail environment [105]. - The group aims to enhance sales performance through a new customer loyalty program and by expanding its product offerings [105]. - The company is focusing on market expansion and new product development to enhance future performance [148]. Employee and Governance - The group employed approximately 880 staff as of September 30, 2024, an increase from 870 on March 31, 2024 [128]. - The group has implemented a reward plan based on individual performance for employees, in addition to basic salary benefits [128]. - The independent audit committee reviewed the unaudited results for the six months ended September 30, 2024 [124].

Financial Performance - For the six months ended September 30, 2024, the company reported a revenue of HKD 238,901,000, a decrease of 15% compared to HKD 281,289,000 for the same period in 2023[1] - Gross profit for the same period was HKD 106,041,000, down 21% from HKD 133,766,000 year-on-year[1] - The company recorded a net loss of HKD 48,698,000 for the six months ended September 30, 2024, compared to a net loss of HKD 864,000 in the previous year[3] - The total comprehensive loss for the period was HKD 44,784,000, compared to a loss of HKD 8,020,000 in the same period last year[3] - The adjusted loss before tax for the six months ended September 30, 2024, was HKD 48,075,000, compared to a loss of HKD 93,000 for the same period in 2023[25] - The company’s basic and diluted loss per share for the period was HKD 1.934, compared to HKD 0.034 in the previous year[3] Revenue Breakdown - For the six months ended September 30, 2024, total revenue was HKD 238,901,000, with cosmetics contributing HKD 178,701,000 and women's fashion contributing HKD 60,200,000[15] - For the six months ended September 30, 2023, total revenue was HKD 281,289,000, with cosmetics contributing HKD 202,850,000 and women's fashion contributing HKD 78,439,000, indicating a year-over-year decline of approximately 15.1%[17] - As of September 30, 2024, the cosmetics business generated revenue of HKD 178,701,000, a decrease of 11.9% compared to HKD 202,850,000 in the same period last year, with a segment loss of HKD 20,921,000 compared to a loss of HKD 823,000 in 2023[46] - The fashion business reported revenue of HKD 60,200,000 for the mid-2024 period, down 23.3% from HKD 78,439,000 in the previous year, resulting in a segment loss of HKD 14,878,000 compared to a profit of HKD 6,898,000 in 2023[47] Asset and Liability Management - The company's total non-current assets decreased to HKD 698,259,000 as of September 30, 2024, from HKD 712,173,000 as of March 31, 2024[5] - Current liabilities exceeded current assets by HKD 116,076,000, indicating a liquidity challenge[9] - The company has unutilized bank credit facilities amounting to HKD 171,562,000 as of September 30, 2024[10] - The group’s bank credit facilities amounted to HKD 353,004,000 as of September 30, 2024, down from HKD 440,950,000 on March 31, 2024[54] - The group's current ratio improved to 0.63 from 0.29 as of March 31, 2024, while the debt ratio decreased to 1.13 from 1.92[53] Cost Management and Operational Strategies - The total administrative expenses for the six months ended September 30, 2024, were HKD 2,743,000, while financing costs were HKD 16,223,000[25] - Financing costs increased by HKD 4,805,000 due to higher borrowings, including loans from directors[44] - The group has implemented cost optimization strategies to strictly control costs and expenditures, aiming to accelerate the recovery of profitability[51] - The company is actively seeking external financing and negotiating the extension of existing bank credit repayment dates to improve liquidity[10] Store Operations - The group closed 2 underperforming cosmetics stores and 6 fashion stores during the reporting period, reducing the total number of stores to 55 for cosmetics and 54 for fashion as of September 30, 2024[46][47] Future Outlook - The group is optimistic about the fashion business's performance in the second half of the fiscal year, coinciding with the peak sales season during autumn and winter[50] - The group is actively exploring diversified products and brands, launching a new customer loyalty program to establish a solid foundation for long-term development[48] Financial Reporting and Compliance - The company has not reported any significant impact on financial performance due to the application of revised Hong Kong Financial Reporting Standards for the current and prior periods[14] - The company has maintained consistent accounting policies across reporting periods, ensuring comparability in financial statements[22] - The revenue recognition for cosmetics and women's fashion occurs at the point of sale, with normal credit terms ranging from 30 to 120 days post-purchase[18] Miscellaneous - The board expresses gratitude to all employees for their loyalty and contributions[65] - The board consists of two executive directors, one non-executive director, and three independent non-executive directors[65] - The announcement is made on November 27, 2024, in Hong Kong[65]

Financial Performance - The Group recorded revenue of HK$586,710,000 for the year ended March 31, 2024, representing a 24.1% increase compared to HK$472,625,000 in 2023[12]. - Gross profit for the year was HK$259,321,000, up 12.9% from HK$229,763,000 in the previous year, with an overall gross profit margin decreasing by 4.4 percentage points to 44.2%[12][15]. - The Group reported a loss after tax of HK$40,043,000 for the year, compared to a profit after tax of HK$5,027,000 in 2023[13][16]. - The cosmetics business generated revenue of HK$426,537,000, a 41.4% increase from HK$301,627,000 in the previous year, but recorded a segment loss of HK$19,467,000[18][19]. - The overall gross profit margin decline was attributed to the larger revenue contribution from the cosmetics segment, which experienced a decrease in its gross profit margin[15][19]. - The fashion business recorded a segment loss of HK$3,618,000, compared to a loss of HK$1,437,000 in 2023[22]. Store Operations - As of March 31, 2024, the Group operated 57 cosmetics stores, an increase from 56 stores in the previous year[18][19]. - As of March 31, 2024, the Group operated 60 ladies fashion stores, a decrease from 62 stores in the previous year, with a revenue of HK$160,173,000, down 6.3% from HK$170,998,000 in 2023[22]. - The Group plans to close underperforming stores upon lease expiration and optimize its retail network to reduce overall operating losses[27]. Financial Position - The Group's cash and bank balances were HK$8,537,000 at the end of the reporting period, down from HK$38,097,000 in 2023[34]. - The current ratio was 0.29 as of March 31, 2024, compared to 0.35 in the previous year[37]. - The Group's total bank borrowings amounted to HK$390,454,000, an increase from HK$383,818,000 in 2023[36]. - The amount of assets pledged to secure banking facilities increased to HK$570,010,000 as of March 31, 2024, compared to HK$508,156,000 in 2023[47]. - Guarantees provided by the Group to banks for banking facilities rose to HK$838,857,000 as of March 31, 2024, up from HK$702,809,000 in 2023[48]. Cost and Expenses - The finance cost increased significantly by HK$17,569,000 due to rising bank loan interest rates[13][16]. - Approximately 30% of the Group's procurement costs are in foreign currencies, down from 42% in 2023, indicating a reduction in foreign exchange exposure[46]. Corporate Governance - The Board believes that good corporate governance standards are essential for safeguarding shareholder interests and enhancing corporate value[159]. - The Company has complied with all applicable code provisions of the Corporate Governance Code throughout the year ended March 31, 2024[160]. - The Board includes a balanced composition of executive and non-executive directors, ensuring strong independent judgment[168]. - The Company has established a Board Independence Evaluation Mechanism to ensure a strong independent element on the Board, allowing effective independent judgment[186]. Management and Leadership - Mr. Cheng Chung Man, the chairman, has over 40 years of experience in manufacturing and retail[83]. - Ms. Lam Yuk Sum, the CEO, has over 37 years of experience in fashion design and retail[84]. - The Group's chief financial officer has over 18 years of experience in accounting and auditing[98]. - The company secretary has been with the Group since July 1996 and holds a degree in accountancy[99]. Shareholder Information - The Company's distributable reserves as of March 31, 2024, amounted to HK$104,947,000, down from HK$120,340,000 in 2023[70]. - No interim or final dividends were declared for the year ended March 31, 2024[68]. - The share premium decreased to HK$211,064,000 as of March 31, 2024, from HK$223,654,000 in 2023[70]. - The Group's accumulated losses increased to HK$159,252,000 as of March 31, 2024, compared to HK$156,449,000 in 2023[70]. Compliance and Regulations - The Company is committed to sustainable development and compliance with environmental laws and regulations[60]. - There were no material breaches of applicable laws and regulations that significantly impacted the Group's operations during the year[61]. - The Company has received annual confirmations of independence from all independent non-executive directors[125]. Audit and Financial Reporting - Ernst & Young audited the consolidated financial statements and will offer themselves for re-appointment at the AGM[151]. - The Company has maintained a sufficient public float throughout the year ended March 31, 2024, as required under the Listing Rules[149].

Financial Performance - For the fiscal year ending March 31, 2024, the total revenue was HKD 586,710,000, representing a 24% increase from HKD 472,625,000 in the previous year[3] - Gross profit for the same period was HKD 259,321,000, up from HKD 229,763,000, indicating a growth of approximately 12.9%[3] - The net loss for the year was HKD 40,043,000, compared to a profit of HKD 5,027,000 in the previous year, marking a significant decline[4] - Total comprehensive income for the year was HKD 55,589,000, a recovery from a loss of HKD 4,402,000 in the previous year[4] - The adjusted loss before tax for the year was HKD 38,411,000, compared to a profit of HKD 6,109,000 in the previous year, reflecting a significant decline in profitability[26][28] - Other income and net gains totaled HKD 12,459,000, a decrease from HKD 9,974,000 in the previous year, indicating a decline in ancillary revenue sources[26][31] Revenue Breakdown - The total revenue for the year ending March 31, 2024, was HKD 586,710,000, with HKD 426,537,000 from cosmetics and HKD 160,173,000 from women's fashion[18] - For the year ending March 31, 2023, total revenue was HKD 472,625,000, with HKD 301,627,000 from cosmetics and HKD 170,998,000 from women's fashion[19] - The cosmetics segment generated sales of HKD 426,537,000, while the fashion segment contributed HKD 160,173,000, indicating a shift in performance between segments[26] - The fashion business reported a revenue of HKD 160,173,000 for the year ending March 31, 2024, a decrease of 6.3% compared to HKD 170,998,000 in 2023[49] Assets and Liabilities - Non-current assets increased to HKD 712,173,000 from HKD 596,771,000, reflecting a growth of about 19.4%[6] - Current liabilities rose to HKD 543,183,000, up from HKD 507,676,000, indicating a 7% increase[6] - Current liabilities exceeded current assets by HKD 387,756,000, indicating significant uncertainty regarding the company's ability to continue as a going concern[69] - The group’s current ratio was 0.29, down from 0.35 in the previous year, indicating a decline in short-term financial health[55] Cash Flow and Financing - Cash and cash equivalents decreased to HKD 8,537,000 from HKD 38,097,000, a decline of approximately 77.6%[6] - The group obtained new bank credit of HKD 93,353,000 in April and May 2024, with HKD 83,783,000 already drawn[11] - As of the announcement date, the group has repaid a total of HKD 231,577,000 in bank loans[11] - The group has identified potential downward risk factors and has determined mitigation measures to reduce cash expenditures and meet operational cash flow[11] - The group believes it has sufficient operational funds to meet its financial obligations for at least the next 12 months[11] - The group is in ongoing discussions for external financing, including obtaining additional bank credit[11] Operational Strategy - The company’s operational strategy continues to focus on the Hong Kong and Macau markets, with no single customer accounting for more than 10% of total revenue[29] - The group plans to optimize its retail network and may close underperforming stores while seeking opportunities for expansion in favorable locations[51] - The group aims to achieve a balanced budget by focusing on cost control and enhancing product appeal across its core retail segments[52] Tax and Compliance - The effective tax rate for the company remains at 16.5% for Hong Kong profits, consistent with the previous year[33][34] - The group has adopted new and revised Hong Kong Financial Reporting Standards in the current financial year, which did not impact the measurement or presentation of any items in the financial statements[16] - The independent auditor's report confirms that the financial statements fairly reflect the group's financial position as of March 31, 2024[68] Employee Acknowledgment - The company expresses gratitude to all employees for their loyalty and contributions[72]

Financial Performance - The company reported a revenue of HKD 281,289,000 for the six months ended September 30, 2023, representing a 29% increase from HKD 217,866,000 in the same period of 2022[3]. - Gross profit for the same period was HKD 133,766,000, up 28% from HKD 104,398,000 year-over-year[3]. - The company incurred a net loss of HKD 864,000, an improvement from a loss of HKD 1,118,000 in the previous year[3]. - Total comprehensive loss for the period was HKD 8,020,000, compared to a loss of HKD 7,987,000 in the prior year[3]. - The company reported a total revenue of HKD 281,289,000 for the six months ended September 30, 2023, representing an increase of 29% compared to HKD 217,866,000 for the same period in 2022[26]. - Gross profit amounted to HKD 133,766,000, up 28.1% from HKD 104,398,000 year-on-year, driven primarily by increased sales in cosmetics[54]. - The adjusted loss for the first half of the fiscal year 2023/2024 was HKD 864,000, a significant reduction of 94.7% compared to an adjusted loss of HKD 16,228,000 in the previous year[55]. - The cosmetics segment generated revenue of HKD 202,850,000, a 43.2% increase from HKD 141,623,000 in the previous year, while the segment loss narrowed to HKD 823,000 from HKD 2,490,000[57]. - The fashion segment reported revenue of HKD 78,439,000, a 2.9% increase from HKD 76,243,000, with a profit of HKD 6,898,000, up 13.5% from HKD 6,078,000[58]. Assets and Liabilities - Non-current assets increased to HKD 661,631,000 as of September 30, 2023, from HKD 596,771,000 as of March 31, 2023[4]. - Current liabilities rose to HKD 558,355,000, up from HKD 507,676,000 at the end of the previous fiscal year[5]. - The total equity as of September 30, 2023, was HKD 179,686,000, down from HKD 200,210,000 as of March 31, 2023[5]. - The company reported a net exchange loss of HKD 2,884,000 for the six months ended September 30, 2023, compared to a loss of HKD 4,720,000 for the same period in 2022, reflecting improved currency management[34]. - The group's outstanding bank borrowings amounted to HKD 394,379,000, an increase from HKD 383,818,000 as of March 31, 2023[64]. - The current ratio decreased to 0.31 from 0.35 as of March 31, 2023, while the debt ratio increased to 2.19 from 1.92[64]. - The group's total assets pledged for bank financing facilities were valued at HKD 505,661,000 as of September 30, 2023, slightly down from HKD 508,156,000 on March 31, 2023[67]. - The group provided guarantees of HKD 837,922,000 for bank financing facilities as of September 30, 2023, up from HKD 702,809,000 on March 31, 2023[68]. Cash Flow - The company’s cash and cash equivalents decreased to HKD 15,039,000 from HKD 38,097,000[4]. - The net cash generated from operating activities for the six months ended September 30, 2023, was HKD 32,780,000, a decrease of 28.3% compared to HKD 45,680,000 in the same period of 2022[9]. - The net cash used in investing activities was HKD (4,086,000), compared to HKD (746,000) in the previous year, indicating increased investment outflows[9]. - The net cash used in financing activities increased to HKD (51,851,000) from HKD (45,066,000), reflecting higher financing costs[9]. - The cash and cash equivalents at the end of the reporting period were HKD 15,039,000, up from HKD 9,745,000 a year earlier[9]. Operational Highlights - The company declared a dividend of HKD 12,590,000 during the period[7]. - The company plans to continue optimizing its retail network by closing underperforming stores and opening new locations in favorable positions with reasonable rents[60]. - From October 1 to November 26, 2023, the cosmetics business recorded over 60% revenue growth compared to the same period last year, indicating strong momentum[60]. - The company aims to enhance its online presence through partnerships with major e-commerce platforms like Tmall International and JD.com to expand its customer base[60]. - The group aims to achieve a break-even point by focusing on core retail categories and optimizing its retail network[63]. - The group plans to continue negotiating reasonable rents and actively control inventory levels to manage costs and expenditures[63]. Employee and Governance - The group employed approximately 880 staff as of September 30, 2023, a decrease from about 910 staff on March 31, 2023[69]. - The company has adopted the standard code of conduct for directors regarding securities trading as per Appendix 10 of the Listing Rules, confirming compliance for the six months ending September 30, 2023[80]. - The unaudited performance for the six months ending September 30, 2023, has been reviewed by the audit committee, which consists of three independent non-executive directors[81]. - The company expresses gratitude to all employees for their loyal service and contributions, as well as to shareholders, customers, suppliers, and business partners for their ongoing support[82].

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，概不對因本公佈全部 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。 VEEKO INTERNATIONAL HOLDINGS LIMITED 威高國際控股有限公司 （於開曼群島註冊成立之有限公司） 1173 （股份代號： ） 2023 9 30 6 截至 年 月 日止 個月 中期業績公佈 未經審核中期業績 威高國際控股有限公司（「本公司」）董事會（「董事會」）宣佈本公司及其附屬公司（統 稱「本集團」）截至2023年9月30日止6個月（「回顧財政期間」）之未經審核綜合業績， 連同2022年同期之比較數字概述如下： 簡明綜合損益及其他全面收入表 截至2023年9月30日止6個月 9 30 6 截至 月 日止 個月 2023 年 2022年 （未經審核） （未經審核） 附註 千港元 千港元 營業額 3 281,289 217,866 ...

Financial Performance - The Group recorded revenue of HK$472,625,000 for the year ended March 31, 2023, a decrease of 5.4% compared to HK$499,849,000 in 2022[12]. - Gross profit increased to HK$229,763,000, representing a 17.1% growth from HK$196,216,000 in the previous year[16]. - The Group achieved a profit after tax of HK$5,027,000, recovering from a loss of HK$53,366,000 in 2022[18]. - The fair value of investment properties increased by HK$19,881,000, compared to an increase of HK$6,096,000 in the previous year[18]. - The Group received COVID-19 related subsidies totaling HK$16,244,000, significantly up from HK$1,365,000 in 2022[18]. Business Segments - The cosmetics business recorded a segment loss of HK$1,781,000, a significant improvement of 93.0% compared to a loss of HK$25,554,000 in the previous year[21]. - The fashion business had 62 stores as of March 31, 2023, with revenue of HK$170,998,000, an increase of 8.4% compared to the previous year[24]. - The fashion business recorded a segment loss of HK$1,437,000, a significant decrease of 94.5% from a loss of HK$26,041,000 in the previous year[24]. Store Operations and Network - The Group closed underperforming stores, contributing to a reduction in total store count[14]. - The Group's retail network consists of approximately 118 points of sale in Hong Kong and Macau[13]. - As of March 31, 2023, the Group operated 56 cosmetics stores, a decrease from 58 stores in the previous year, with revenue of HK$301,627,000, representing an 11.8% decrease year-on-year[21]. Market Outlook - The Group expects a gradual market recovery, with a double-digit revenue increase of approximately 26% in cosmetics and 16% in fashion from April 1 to June 15, 2023, compared to the same period last year[28]. - The cosmetics business recorded a significant year-on-year revenue increase of 26.4% from April 1 to June 15, 2023, compared to the same period last year[31]. Financial Position - The Group's total property valuation as of March 31, 2023, amounted to HK$738,548,000, an increase from HK$717,565,000 as of March 31, 2022[34]. - The outstanding bank borrowings as of March 31, 2023, were HK$383,818,000, compared to HK$375,505,000 as of March 31, 2022[43]. - The current ratio at the end of the reporting period was 0.35, slightly down from 0.37 as of March 31, 2022[44]. - The Group's cash and bank balances increased to HK$38,097,000 as of March 31, 2023, from HK$10,259,000 as of March 31, 2022[43]. Corporate Governance - The Company has complied with all applicable code provisions of the Corporate Governance Code throughout the year ended March 31, 2023[160]. - The Board consists of six members, including two executive directors, one non-executive director, and three independent non-executive directors[170]. - The roles of Chairman and Chief Executive Officer are clearly divided to ensure a balanced distribution of power and authority[178]. - The Company has established written guidelines for securities transactions by employees likely to possess inside information, with no incidents of non-compliance noted[166]. Shareholder Information - The Company proposed a final dividend of HK$0.5 per share, amounting to HK$12,590,000, to be paid to shareholders upon approval at the upcoming AGM[76]. - The Company's distributable reserves as of 31st March 2023 amounted to HK$120,340,000, a decrease from HK$123,116,000 in 2022[78]. - The accumulated losses of the Company increased to HK$156,449,000 as of 31st March 2023, compared to HK$153,673,000 in 2022[78]. Risk Management - The Group's financial risk management objectives and policies are detailed in note 33 of the consolidated financial statements, indicating a structured approach to managing financial risks[66]. - Approximately 42% of the Group's procurement costs were in foreign currencies, primarily USD and EUR, indicating exposure to foreign exchange risk[48]. Management and Employees - The Group had approximately 910 employees as of 31st March 2023, down from approximately 950 in 2022, reflecting a reduction in workforce[56]. - The emolument policy for senior management is based on merit, qualifications, and competence, with recommendations made by the Remuneration Committee[143]. Directors and Management Experience - Mr. Cheng Chung Man, aged 66, has over 39 years of experience in manufacturing and retail, and established the Group in 1984[91]. - Ms. Lam Yuk Sum, aged 63, has over 36 years of experience in fashion design and retail, responsible for day-to-day management[92]. - Mr. Au-Yeung Hau Cheong, aged 74, has extensive experience in property leasing since 1970, previously general manager at Sun Hung Kai Real Estate[99]. Compliance and Ethics - The Company is committed to high ethical standards, believing that this approach maximizes long-term shareholder wealth and benefits employees and communities[156]. - The Company has established a Board Independence Evaluation Mechanism to ensure a strong independent element on the Board, allowing effective independent judgment to safeguard shareholders' interests[186].

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依賴該等內容而引致之任何損失承擔任何責任。 VEEKO INTERNATIONAL HOLDINGS LIMITED 威高國際控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1173） 截至2023年3月31日止年度 全年業績公佈 全年業績 威高國際控股有限公司（「本公司」）董事會（「董事會」）呈列本公司及其附屬公司（「本 集團」）截至2023年3月31日止年度（「回顧財政年度」）綜合業績，連同上年同期之比 較數字如下： 綜合損益及其他全面收入表 截至2023年3月31日止年度 2023年 2022年 附註 千港元 千港元 ...

Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 217.87 million, a decrease of 17.6% compared to HKD 264.47 million for the same period in 2021[9] - Gross profit for the period was HKD 104.40 million, with a gross margin of 47.9%, compared to HKD 106.37 million and a gross margin of 40.2% in the previous year[9] - The company reported a loss before tax of HKD 0.64 million, significantly improved from a loss of HKD 21.69 million in the prior year[9] - Net loss for the period was HKD 1.12 million, compared to a net loss of HKD 22.32 million in the same period last year[9] - Total comprehensive loss for the period was HKD 7.99 million, compared to HKD 14.56 million in the previous year[9] - The adjusted loss before tax for the six months ended September 30, 2022, was HKD 639,000, compared to a loss of HKD 21,687,000 for the same period in 2021, indicating an improvement in performance[46][58] - The company incurred a loss of HKD 1,118,000, significantly narrowing from a loss of HKD 22,320,000 in the previous year, representing a reduction of approximately 95.0%[95] Assets and Liabilities - Non-current assets increased to HKD 574.58 million as of September 30, 2022, from HKD 569.57 million as of March 31, 2022[10] - Current assets decreased to HKD 165.39 million from HKD 189.88 million, primarily due to a reduction in inventory and trade receivables[10] - Total liabilities decreased to HKD 548.45 million as of September 30, 2022, from HKD 521.04 million as of March 31, 2022[10] - The company's net asset value was HKD 191.51 million, down from HKD 199.41 million as of March 31, 2022[12] - The group reported a net loss of HKD 1,118,000 for the six months ended September 30, 2022, with current liabilities exceeding current assets by HKD 317,165,000[20] Cash Flow and Financing - The net cash generated from operating activities for the six months ended September 30, 2022, was HKD 45,680,000, a decrease of 18.7% compared to HKD 56,166,000 for the same period in 2021[15] - The net cash used in financing activities for the six months ended September 30, 2022, was HKD 45,066,000, a decrease of 31.5% from HKD 65,754,000 in the previous year[17] - The cash and cash equivalents decreased to HKD 9,745,000 as of September 30, 2022, from HKD 37,839,000 at the end of the previous year[19] - The group is actively seeking external financing and considering potential risk factors to mitigate cash outflows[24] - The board believes that the group will have sufficient working capital for at least the next twelve months based on current cash flow forecasts[22] - The group has bank financing facilities amounting to HKD 424,326,000, of which HKD 365,676,000 had been utilized by the end of the reporting period[106] Revenue Breakdown - Revenue from cosmetics sales was HKD 141,623,000, while revenue from women's fashion was HKD 76,243,000 for the six months ended September 30, 2022[27] - The cosmetics segment generated revenue of HKD 141,623,000, down 23.3% from HKD 184,562,000, accounting for 65.0% of total revenue[95] - The fashion segment recorded revenue of HKD 76,243,000, a decrease of 4.6% from HKD 79,906,000[95] - The fashion business reported a revenue of HKD 76,243,000 for the period ending September 30, 2022, a decrease of 4.6% compared to HKD 79,906,000 in the previous year[99] Operational Highlights - The company plans to focus on expanding its product offerings and enhancing its market presence in the upcoming quarters[9] - The company optimized its retail network, which contributed to the narrowing of overall operational losses[97] - The group plans to continue optimizing its retail network and controlling inventory levels to achieve a break-even point as soon as possible[105] - As of September 30, 2022, the company operated 57 Colourmix and MORIMOR cosmetic stores, down from 64 stores a year earlier[97] - Same-store sales in Hong Kong and Macau for the fashion business increased by over 17.0% in October 2022, reflecting a recovery in local consumer demand[103] Government Support - The company received cash subsidies totaling HKD 15,110,000 during the reporting period, which were recognized in the profit and loss statement[80] - The company received government subsidies related to the COVID-19 pandemic totaling approximately HKD 15,110,000 during the reporting period[95] Shareholder Information - The company did not declare any interim dividend for the year ending March 31, 2023, consistent with the previous year[81] - Major shareholder Silver Crown holds 1,393,347,737 shares, accounting for 55.34% of the issued share capital[126] - The company’s issued share capital as of September 30, 2022, was 1,578,566,964 shares, representing 62.69% of the total[120] Corporate Governance - The company has complied with all provisions of the Corporate Governance Code during the reporting period[129] - The company’s independent auditor has not reviewed the unaudited results for the six months ending September 30, 2022, but the audit committee has reviewed them[131] Employee Information - The group employs approximately 950 staff members, maintaining the same headcount as of March 31, 2022[111] - The company expresses gratitude to all employees for their loyalty and contributions during the reporting period[132]