Financial Performance - Accel Group Holdings Limited reported a significant increase in revenue for 2022, reaching HK$XXX million, representing a YY% growth compared to the previous year[2]. - The company achieved a net profit of HK$XXX million, which is an increase of ZZ% year-over-year[2]. - Revenue for the year ended 31 March 2022 was HK$547,315,000, an increase of 7.3% compared to HK$508,904,000 for the previous year[18]. - Profit for the year was HK$67,980,000, a decrease of 7.9% from HK$73,303,000 in the prior year[18]. - Profit before taxation for the year was HK$81,709,000, compared to HK$86,462,000 in the previous year[18]. - The Group's revenue increased by approximately HK$38,411,000 or 7.5% from approximately HK$508,904,000 to approximately HK$547,315,000 for the Year[35]. - The Group's gross profit increased by approximately HK$4,912,000 or 4.8% from approximately HK$102,602,000 to approximately HK$107,514,000 for the Year[39]. - The Group's gross profit margin slightly decreased by 0.6% to 19.6% compared to the previous year of 20.2%[40]. Market Expansion and Strategy - For the upcoming fiscal year, Accel Group Holdings Limited provided guidance of expected revenue growth between AA% to BB%[2]. - The company is focusing on expanding its market presence in Asia, targeting a YY% increase in market share by the end of 2023[2]. - The Group aims to enhance its ability to acquire new projects to lay a solid foundation for business development[34]. - The Group plans to leverage its strengths in E&M engineering services to capture business opportunities in the post-pandemic economy and diversify into new areas such as smart technology and environmental protection[67]. Research and Development - The company has invested HK$XXX million in research and development, representing a ZZ% increase from the previous year[2]. - The Group has established a joint laboratory with The Education University of Hong Kong to focus on research in the fields of Metaverse and Human-computer Interaction, aiming to enhance educational quality and create new business opportunities[68]. Sustainability and Corporate Responsibility - Management emphasized the importance of sustainability in its future strategies, aiming for a YY% reduction in carbon footprint by 2025[2]. - The Group is committed to integrating energy-saving and environmental protection technologies into its systems to reduce carbon emissions[28]. - The Group will actively seek partners for energy conservation and emissions reduction initiatives in Hong Kong, contributing to the Greater Bay Area's carbon neutrality efforts[73]. - The Group received the Outstanding Social Caring Organisation Award and the Corporate Environmental Leadership Award in 2021, highlighting its commitment to corporate social responsibility[98]. - The Group has been appointed as a founding member of the GBA Carbon Neutrality Association, recognizing its performance in energy conservation[98]. Corporate Governance - The board of directors highlighted the commitment to enhancing corporate governance practices in line with the latest regulations[2]. - The Group emphasizes corporate governance, with Mr. Cheng responsible for overall governance and financial oversight[139]. - The Group's commitment to independent oversight is reflected in the roles of its Independent Non-Executive Directors, ensuring accountability and transparency[128][133]. Operational Challenges - The Group faced increased operating costs due to inflationary pressures and rising raw material prices[23]. - The business environment was negatively impacted by the COVID-19 pandemic, affecting logistics and shipping industries[23]. - Key risks include reliance on non-recurrent E&M engineering projects, which could impact operations and financial results if new projects are not secured[165]. - The company faces potential cost overruns due to inaccurate estimations of project execution timeframes or costs, which may adversely affect revenue and profitability[165]. Employee and Management Insights - The Group employed 184 employees as of March 31, 2022, an increase from 162 employees in the previous year, with total staff costs of approximately HK$80,342,000 compared to HK$75,739,000 in the prior year[87]. - The Group emphasizes the importance of employees as valuable assets and aims to enhance job satisfaction through competitive remuneration and performance appraisal systems[149]. - The leadership team includes family members, indicating a strong commitment to the company's long-term vision and strategy[120]. Financial Management - The Group's financial management strategy focuses on maintaining a healthy financial position to support business growth through balanced financing sources[74]. - The Group's bank loans as of March 31, 2022, included a loan of HK$206,000,000, down from HK$347,000,000 in 2021, with a floating interest rate based on the Hong Kong best lending rate[65]. - The current ratio of the Group was approximately 5.99 times as of March 31, 2022, compared to approximately 3.88 times as of March 31, 2021[74]. Shareholder Information - The company plans to recommend a final dividend of HK cents 2.1 per Share, totaling approximately HK$16,800,000, down from HK$32,800,000 in the previous year[103]. - Directors' interests include 600,000,000 shares held by Lightspeed, with Dr. Ko owning 70% and Ms. Cheung 30%[183]. - The Share Option Scheme allows for a maximum of 80,000,000 shares to be granted, which is 10% of the issued shares as of the report date[196]. Recognition and Awards - The Group was awarded "Listed Enterprises of the Year 2021" by Bloomberg Businessweek and recognized as one of "Forbes Asia's 200 Best Under A Billion" in 2021[95]. - The Group has been recognized as one of the top 200 outstanding listed SMEs in Asia by Forbes and included in the MSCI Hong Kong Micro Cap Index[98].

Financial Performance - The total profit and comprehensive income for the period was HKD 35,125,000, an increase of 3.6% compared to HKD 33,909,000 for the same period last year, excluding a one-time government subsidy of HKD 4,291,000 [7]. - Revenue increased by approximately HKD 40,919,000 or 17.0% to about HKD 280,928,000, driven by an increase in the number of projects and progress in ongoing projects [8]. - Gross profit increased by approximately HKD 4,418,000 or 8.5% to about HKD 56,488,000, while the gross profit margin decreased from 21.7% to 20.1% due to competitive pricing strategies [11]. - Profit before tax decreased to HKD 42,324,000, down 6.5% from HKD 45,486,000 in the prior year [72]. - Net profit for the period was HKD 35,125,000, a decline of 8.2% compared to HKD 38,200,000 in the previous year [72]. - Basic earnings per share for the period was HKD 4.4, down from HKD 4.8 in the same period last year [72]. - The company's profit before tax for the six months ended September 30, 2021, was HKD 42,324,000, a decrease of 7.4% compared to HKD 45,486,000 for the same period in 2020 [81]. Expenses and Costs - Service costs rose by approximately HKD 36,501,000 or 19.4% to about HKD 224,440,000, consistent with the increase in revenue [10]. - Administrative expenses rose to approximately HKD 12,282,000 from about HKD 11,000,000, primarily due to increased depreciation related to a new office [12]. - Total employee costs increased to HKD 38,719,000, up from HKD 34,235,000, representing an increase of 13.5% [89]. - Interest income decreased significantly to HKD 140,000 from HKD 646,000, reflecting a decline of 78.3% [88]. - The effective tax rate remained stable at 16.5% for both periods, with current tax expenses of HKD 7,520,000 compared to HKD 7,286,000 in the previous year [91]. Dividends - The company declared an interim dividend of HKD 0.021 per share, amounting to approximately HKD 16,800,000, with payment expected on January 11, 2022 [15]. - The company declared a final dividend of HKD 0.041 per share for the year ending March 31, 2021, totaling HKD 32,800,000, an increase from HKD 25,600,000 for the previous period [8]. - The company’s board declared an interim dividend of HKD 0.021 per share for the six months ending September 30, 2021, totaling HKD 16,800,000, compared to no interim dividend in the previous period [8]. Assets and Liabilities - Total assets as of September 30, 2021, were HKD 475,769,000, an increase from HKD 436,502,000 as of March 31, 2021 [74]. - Current liabilities decreased to HKD 134,618,000 from HKD 112,476,000 as of March 31, 2021 [75]. - Non-current liabilities increased to HKD 1,811,000 from HKD 1,410,000 as of March 31, 2021 [75]. - Total equity as of September 30, 2021, was HKD 355,046,000, up from HKD 352,721,000 as of March 31, 2021 [75]. - Trade receivables increased to HKD 75,653,000 as of September 30, 2021, up from HKD 51,347,000 as of March 31, 2021, reflecting a significant rise in outstanding amounts [96]. - Trade payables decreased to HKD 56,079,000 from HKD 69,914,000, indicating a reduction in outstanding liabilities [108]. Operational Strategies - The company aims to maintain a proactive and prudent approach to ensure stable growth in the coming years, supported by new large-scale projects acquired during the period [7]. - The company continues to adapt its operational strategies and pricing to expand its market share amid ongoing economic uncertainties [7]. - The group plans to enhance service capabilities and expand market share through prudent financial management strategies and by actively seeking development opportunities [46]. - The group is committed to integrating energy-saving technologies and renewable energy into its systems to align with government low-carbon transformation goals [48]. - The group aims to explore innovative technologies and smart solutions to develop new business avenues, particularly in the context of post-pandemic opportunities [46]. Employee and Management - As of September 30, 2021, the group employed 177 employees, an increase from 167 employees in the same period of 2020, with total employee costs amounting to approximately HKD 38,719,000 compared to HKD 34,235,000 in the previous year [37]. - The group provides competitive salaries and benefits to employees, with a focus on retaining talent and ensuring smooth internal operations [37]. - Total compensation for key management personnel was HKD 3,394,000 for the six months ended September 30, 2021, compared to HKD 3,043,000 for the same period in 2020 [121]. - Dr. Gao serves as both the Chairman and CEO, a role the board believes is beneficial for management and business development [62]. Governance and Compliance - The company has adopted comprehensive governance and disclosure measures to enhance internal control systems and risk management [61]. - The company confirms compliance with the corporate governance code as per the listing rules during the reporting period [61]. - The board of directors consists of six members, including three independent non-executive directors, ensuring a balance of power within the board [62]. - The beneficial ownership of Lightspeed is divided as 70% by Dr. Gao and 30% by Ms. Zhang, indicating a strong control over the company [55]. Market and Future Outlook - The company has successfully secured multiple large-scale electromechanical engineering projects, which are expected to contribute to stable growth in the future [7]. - The group is optimistic about future business development prospects, supported by government initiatives to increase housing land and promote innovation [46]. - The company has no significant foreign currency risk as its monetary assets and liabilities are primarily denominated in HKD [35].

Financial Performance - The company reported a financial summary indicating a significant increase in revenue, with a year-over-year growth of 25%[8] - The revenue for the year was HK$508.9 million, approximately the same as last year, while profit for the year increased to HK$73.3 million[22] - The Group's revenue for the year was approximately HK$508.9 million, a decrease of about HK$13.4 million or 2.6% compared to approximately HK$522.3 million in the previous year[36] - The Group's profit for the year increased to approximately HK$73.3 million, compared to the previous year's profit[24] - The Group's gross profit decreased by approximately HK$13.6 million or 11.7% to approximately HK$102.6 million for the year[43] - The gross profit margin decreased by 2% to 20.2% for the year, down from 22.2% in the previous year[44] - Profit before taxation was HK$86.5 million, compared to HK$88.3 million in the previous year[15] User Growth and Market Expansion - User data showed an increase in active users by 15%, reaching a total of 1.2 million users by the end of the fiscal year[8] - Market expansion efforts include entering two new regions, which are expected to contribute an additional 10% to overall revenue[8] - New product launches are scheduled for Q1 2022, with expectations to capture a 15% market share in the new segment[8] Future Outlook - The future outlook includes a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[8] - The management has provided guidance for the next quarter, forecasting an EBITDA margin improvement of 3%[8] Research and Development - The company is investing in R&D with a budget increase of 30%, focusing on innovative technologies and product enhancements[8] - The Group is establishing a "Joint Research and Development Laboratory" with local universities to enhance innovation and technology applications[76] Sustainability Initiatives - A commitment to sustainability initiatives has been made, with a target to reduce carbon emissions by 40% over the next five years[8] - The Group is committed to incorporating energy-saving technologies and renewable energy into its E&M systems to reduce carbon emissions[28] - The Group plans to actively seek partners to promote energy conservation and emissions reduction initiatives in Hong Kong[29] Financial Position and Assets - Current assets increased to HK$436.5 million from HK$304.0 million in the previous year[17] - Total equity attributable to equity shareholders of the company reached HK$352.7 million, up from HK$305.0 million in the previous year[17] - Pledged bank balances and cash increased by approximately HK$64,267,000 or 35.8% from approximately HK$179,593,000 to approximately HK$243,860,000, indicating a strong financial position[56] Project Acquisition and Contracts - The company secured several large-scale E&M engineering services projects during and after the year, with a total contract sum of approximately HK$352.7 million for 9 projects[23] - The Group secured nine projects with a total contract value of approximately HK$352.7 million after the year-end[25] - The company engaged in active negotiations for five projects with a total contract sum exceeding HK$500 million[23] Administrative and Operational Expenses - Administrative expenses increased from approximately HK$22.1 million to approximately HK$25.1 million, primarily due to higher staff costs and office expenses[45] - The total staff costs for the year were approximately HK$75,739,000, up from approximately HK$69,268,000 in the previous year, with the Group employing 162 employees as of March 31, 2021[108] Awards and Recognition - The company has been recognized as one of "Forbes Asia's 200 Best Under A Billion" and selected as a constituent stock of the MSCI Hong Kong Micro Cap Index[22] - The Group received multiple awards for outstanding performance in the E&M industry during the year[22] - The Group received several awards, including recognition as one of "Forbes Asia's 200 Best Under A Billion" and the Asia's Most Prominent Engineering (E&M) Company Award 2020[109] Dividend Recommendations - The Board recommended a final dividend of HK cents 4.1 per share, slightly higher than the HK cents 3.2 per share paid in the same period last year[22] - The final dividend recommended by the Board is HK cents 4.1 per share, totaling approximately HK$32,800,000, an increase from HK$25,600,000 in the previous year[117] Governance and Management - The company has received annual confirmations of independence from all Independent Non-Executive Directors (INEDs) as required by the Listing Rules[186] - The non-executive Director has a service contract with an initial term of 3 years, starting from September 18, 2019[187] - The company considers all INEDs to continue to be independent based on the confirmations received[186]

Revenue and Profitability - Revenue for the six months ended September 30, 2020, decreased by approximately HKD 21,280,000 or 8.1% to about HKD 240,009,000 compared to approximately HKD 261,289,000 for the same period in 2019[8]. - Gross profit fell by approximately HKD 14,381,000 or 21.6% to about HKD 52,070,000, with the gross profit margin decreasing from approximately 25.4% to 21.7%[11]. - Profit attributable to equity shareholders decreased to approximately HKD 38,200,000 from HKD 42,272,000 in the same period last year, mainly due to the decline in revenue[14]. - The net profit for the period was HKD 38,200,000, compared to HKD 42,272,000 in the previous year, reflecting a decline of 9.8%[70]. - Basic earnings per share decreased to HKD 4.8 from HKD 7.0, representing a drop of 31.4%[70]. Expenses and Costs - Service costs decreased by approximately HKD 6,899,000 or 3.5% to about HKD 187,939,000 from approximately HKD 194,838,000 in the previous period[10]. - Administrative expenses increased to approximately HKD 11,000,000 from about HKD 7,598,000, primarily due to increased employee costs and professional fees related to the company's successful listing[12]. - Total employee costs, including directors' remuneration, amounted to 34,235 thousand HKD for the six months ended September 30, 2020, up from 31,057 thousand HKD in the previous year, indicating an increase of approximately 7%[93]. - Interest expenses for bank loans decreased to 7 thousand HKD in the six months ended September 30, 2020, from 18 thousand HKD in the same period of 2019, showing a reduction of approximately 61%[92]. - Depreciation of property, plant, and equipment increased to 377 thousand HKD for the six months ended September 30, 2020, compared to 237 thousand HKD in the previous year, representing a rise of approximately 59%[93]. Financial Position - Trade and other receivables decreased by approximately HK$14,040,000 or 20.6% from HK$68,071,000 on March 31, 2020, to HK$54,031,000 on September 30, 2020[17]. - Trade receivables (net of impairment losses) decreased by approximately HK$9,933,000 or 23.8% from HK$41,730,000 on March 31, 2020, to HK$31,797,000 on September 30, 2020[17]. - The current ratio (current assets divided by current liabilities) was approximately 3.76 times on September 30, 2020, compared to 4.98 times on March 31, 2020[23]. - The debt-to-equity ratio was approximately 1.7% on September 30, 2020, up from 1.1% on March 31, 2020[25]. - Total assets as of September 30, 2020, were HKD 359,663,000, an increase from HKD 304,028,000 as of March 31, 2020[71]. Business Strategy and Development - The company is focusing on the private residential mechanical ventilation and air conditioning systems sector, leveraging its competitive advantages in this area[7]. - The company established an intelligent innovation and technology team to support new economic developments in the post-pandemic era[7]. - The company is actively expanding its business in the innovative technology sector[7]. - The company plans to establish a "Research and Development Joint Laboratory" with local universities to enhance technology applications in air quality improvement and energy efficiency[42]. - The company aims to expand its market share through prudent financial management and actively seeks development opportunities in the electromechanical engineering sector[40]. Shareholder and Governance Information - The company has decided not to declare an interim dividend for the period[15]. - The company declared a final dividend of 3.2 HKD cents per share for the year ended March 31, 2020, totaling 25,600,000 HKD, whereas no interim dividend was proposed for the current period[97][98]. - As of September 30, 2020, major shareholders include Mr. Gao and Ms. Zhang, each holding 75% of the shares through Lightspeed Limited, which owns 600,000,000 shares[49]. - The board confirms that the company has maintained sufficient public float as required by the listing rules during the reporting period[55]. - The company has complied with the corporate governance code, with the exception of the roles of Chairman and CEO being held by the same individual, which the board believes provides strong and consistent leadership[57]. Compliance and Audit - The independent auditor has reviewed the interim financial statements, confirming no significant issues were found that would indicate non-compliance with Hong Kong Accounting Standards[67]. - The company has applied revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial statements for the current period[84]. Capital and Financing - The group's bank loans amounted to approximately HK$415,000 on September 30, 2020, down from approximately HK$483,000 on March 31, 2020[19]. - The company has utilized HKD 69,930,000 of the net proceeds, leaving HKD 7,577,000 unutilized as of September 30, 2020[39]. - The floating annual interest rate for bank loans was 2.0% as of September 30, 2020, compared to 2% as of March 31, 2020, both rates being below the relevant bank's reported Hong Kong best lending rate[120]. - The company’s capitalized issuance amounted to HKD 599,999,800, which was allocated to the capital account following a share premium[124]. Awards and Recognition - The group was recognized with the 2020 Asia Outstanding Engineering (Electromechanical) Company Award, highlighting its performance in the electromechanical industry[36].

Company Overview - Accel Group Holdings Limited is incorporated in the Cayman Islands and listed on the Stock Exchange with stock code 1283[1]. Financial Performance - The company reported a financial summary indicating significant growth in revenue, with a year-on-year increase of 15%[2]. - The Group's revenue for the year increased by approximately 67.0% to HK$522,332,000 compared to HK$312,732,000 in the previous year[16]. - Profit for the year rose by approximately 60.1% to HK$72,655,000, up from HK$45,395,000 in the corresponding year[16]. - Basic earnings per share increased by approximately 39.0% compared to the previous year[19]. - The Group's profit for the Year increased by approximately 60.1% and basic earnings per share grew by approximately 39.0%[23]. - The Group's gross profit increased by approximately HK$35.2 million or 43.4% from approximately HK$81.0 million for the Corresponding Year to approximately HK$116.2 million for the Year[42]. - The Group's cost of services increased by approximately HK$174.4 million or 75.3% to approximately HK$406.1 million for the Year, in line with the revenue increase[38]. Future Outlook - Future outlook suggests a projected revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies[4]. - Market expansion efforts include entering two new regions, which are expected to contribute an additional 8% to overall revenue[6]. - A new product line is set to launch in Q3 2021, anticipated to generate $30 million in revenue within the first year[8]. Investments and R&D - The company is investing in research and development for new technologies, allocating approximately 5% of total revenue towards innovation[5]. - The Group plans to actively seek new business opportunities to enhance shareholder returns[21]. - The Group aims to strengthen its market position in the Hong Kong E&M engineering services market through improved project management and cost control[21]. Operational Efficiency - The company has implemented new strategies to improve operational efficiency, aiming for a 12% reduction in costs by the end of the fiscal year[9]. - The Group's project management capabilities and long-term customer relationships contributed to obtaining several large-scale E&M engineering projects during the Year[30]. Human Resources - The Group plans to strengthen its human resources and focus on training to enhance project management capabilities[72]. - The Group's human resource management aims to reward and recognize performing staff through competitive remuneration and performance appraisal systems[144]. - The Group actively promotes career development and progression for employees through appropriate training and opportunities[149]. Corporate Governance - The company has a strong leadership team with members holding various significant positions in other organizations, enhancing its strategic planning capabilities[115][116][120]. - The company has a strong focus on corporate governance, with independent directors serving on key committees like the Remuneration and Nomination Committees[135]. - The financial expertise of the board members is expected to contribute positively to the company's financial management and governance[125][127]. Connected Transactions - Connected transactions included subcontracting services provided by Yuk Shing to Chit Tat for painting and IT maintenance services[182]. - Mibuka supplied electrical control equipment to Chit Tat for E&M engineering works, constituting a connected transaction[184]. - The company confirmed compliance with disclosure requirements under Chapter 14A of the Listing Rules for continuing connected transactions[192]. Risk Management - The company is focused on controlling risks and uncertainties to address stakeholder concerns[159]. - The company may face liquidity issues if trade receivables and contract assets are not collected in full and on time[159]. - The company has a reliance on major customers, which poses a risk to revenue stability[159]. Shareholder Information - The Group has recommended a final dividend of HK3.2 cents per share for the year, amounting to approximately HK$25,600,000, compared to HK$0 in 2019[141]. - Lightspeed Limited holds 600,000,000 shares, with Mr. Ko owning 70% and Ms. Cheung owning 30%[167]. - The company holds a significant corporate interest of 600,000,000 shares, representing 75% of the total shareholding[163].

Revenue and Profitability - The group's revenue increased by approximately HKD 111,406,000 or 74.3% to about HKD 261,289,000 for the six months ended September 30, 2019, compared to HKD 149,883,000 for the same period in 2018[10]. - Revenue from mechanical ventilation and air conditioning systems rose by approximately HKD 95,164,000 or 70.1% to about HKD 230,954,000, driven by accelerated construction progress on several residential projects[13]. - Revenue from electrical systems increased by approximately HKD 10,700,000 or 86.5% to about HKD 23,063,000, primarily due to faster project progress in residential developments[12]. - The group's gross profit rose by approximately HKD 28,199,000 or 73.7% to about HKD 66,451,000, maintaining a gross margin of approximately 25.4%[16][17]. - The profit attributable to equity shareholders increased to approximately HKD 42,272,000 from about HKD 24,381,000, primarily due to the increase in revenue[20]. - Net profit for the period was HKD 42,272 thousand, a rise of 73.2% compared to HKD 24,381 thousand in 2018[75]. - Basic earnings per share increased to HKD 7.0, up from HKD 4.1, reflecting a growth of 70.7%[75]. - Profit before tax increased to HKD 51,862 thousand, representing a growth of 75.9% from HKD 29,492 thousand in the previous year[75]. Expenses and Costs - Total service costs increased by approximately HKD 83,207,000 or 74.5% to about HKD 194,838,000, consistent with the revenue increase due to accelerated project progress[15]. - Administrative expenses increased to approximately HKD 7,598,000 from about HKD 6,483,000, mainly due to increased charitable donations[18]. - Employee costs totaled approximately HKD 29,524,000 for the period, up from HKD 26,665,000 in the same period last year[39]. - The income tax expense for the six months ended September 30, 2019, was HKD 9,590,000, compared to HKD 5,111,000 for the same period in 2018, reflecting an increase of 87.5%[105]. - The total employee costs for the six months ended September 30, 2019, amounted to HKD 29,524,000, compared to HKD 26,665,000 for the same period in 2018, indicating an increase of 10.9%[103]. Financial Position - Trade and other receivables increased by approximately HKD 36,389,000 or 103.3% from HKD 35,211,000 on March 31, 2019, to approximately HKD 71,600,000 on September 30, 2019[23]. - Trade receivables rose by approximately HKD 29,598,000 or 100.6% from HKD 29,418,000 to approximately HKD 59,016,000 during the same period[23]. - Total assets as of September 30, 2019, were HKD 212,130 thousand, compared to HKD 137,903 thousand as of March 31, 2019, indicating a growth of 54.0%[78]. - Current liabilities increased to HKD 75,595 thousand from HKD 43,217 thousand, representing a rise of 75.0%[78]. - The current ratio as of September 30, 2019, was approximately 2.81 times, down from 3.19 times on March 31, 2019[30]. - The debt-to-equity ratio was approximately 7.6% as of September 30, 2019, compared to 3.3% on March 31, 2019[32]. Share Capital and Dividends - The board has resolved not to declare an interim dividend for the period, consistent with the previous year[21]. - The company increased its authorized share capital from HKD 380,000 to HKD 100,000,000 by issuing an additional 9,962,000,000 shares on September 18, 2019[127]. - The company issued 200,000,000 ordinary shares at a price of HKD 0.73 each on October 18, 2019, as part of a public offering[140]. - The company recorded a capital contribution of HKD 5,999,998 from the share premium account to the capital account on October 18, 2019[140]. Corporate Governance and Compliance - The board is committed to maintaining high corporate governance standards to enhance operational efficiency and shareholder returns[64]. - The company is subject to the Securities and Futures Ordinance and has complied with the necessary disclosure requirements[48]. - The audit committee has reviewed the interim financial performance and ensured the effectiveness of internal controls and risk management systems[67]. - The interim financial report has been reviewed by an independent auditor, confirming compliance with relevant accounting standards[69]. - The company has adopted a standard code for director securities trading and confirmed compliance from the listing date to the report date[66]. Future Plans and Developments - The company plans to expand its service capabilities and enhance its project management team to improve project design, management, and safety[27]. - The company plans to allocate funds for purchasing performance bonds, procurement costs for mechanical ventilation and air conditioning, hiring additional staff, and general working capital[47]. - The completion timeline for the use of proceeds will depend on the company's future business development[44]. Related Party Transactions - The company’s total revenue from related party transactions for the six months ended September 30, 2019, was HKD 8,047,000, compared to HKD 5,066,000 in 2018[134]. - The company’s employee costs included HKD 1,552,000 for related parties as of September 30, 2019, compared to HKD 1,324,000 for the same period in 2018[137]. Credit and Receivables Management - The company provided a credit period of 7 to 90 days to customers, with regular reviews of the recoverability of existing customers[112]. - The company assesses potential customers' credit quality before accepting them, ensuring a controlled credit limit[112]. - The expected credit loss on financial assets was deemed not significant, with no provisions made for expected credit losses as of the reporting dates[119].