Financial Performance - Total revenue for the fiscal year ended June 30, 2020, was approximately HKD 551,110,000, a decrease of 4.34% compared to HKD 576,120,000 for the previous year[9]. - Revenue from the cultural and entertainment segment decreased by approximately HKD 63,140,000 or 12.38% to about HKD 447,010,000 from HKD 510,150,000 in the previous year[9]. - The group's annual profit increased by 34.06% to approximately HKD 142,170,000 compared to HKD 106,050,000 in the previous year[9]. - Operating profit increased by approximately 14.26% to about HKD 248,210,000, compared to HKD 217,230,000 in the previous year, resulting in an operating profit margin of 45.04%[31]. - Financing business revenue increased by approximately 82.37% to about HKD 57,810,000, compared to HKD 31,700,000 in the previous year, representing 10.49% of total revenue[23]. - The revenue from promotional and consulting services decreased by approximately HKD 80,540,000 due to the impact of COVID-19, while new business from merchandise trade generated approximately HKD 135,990,000[29]. - The profit attributable to the company's owners increased by approximately 29.04% to about HKD 137,100,000, compared to HKD 106,250,000 in the previous year[34]. - The group anticipates a decline in revenue and profit for the upcoming year due to challenges such as the COVID-19 pandemic and geopolitical tensions[48]. Assets and Liabilities - The total assets as of June 30, 2020, were HKD 1,157,370,000, while total liabilities were HKD 459,717,000, resulting in a net asset value of HKD 697,653,000[7]. - As of June 30, 2020, the group's current assets and current liabilities amounted to approximately HKD 692,420,000 and HKD 447,970,000 respectively, resulting in a current ratio of approximately 1.55 times, down from 4.31 times in 2019[38]. - The group's cash and cash equivalents as of June 30, 2020, were approximately HKD 137,430,000, a decrease from HKD 212,950,000 in 2019[38]. - The group's total borrowings as of June 30, 2020, were approximately HKD 312,270,000, down from HKD 347,870,000 in 2019, with a debt-to-equity ratio of 26.98% compared to 29.67% in 2019[42][43]. Business Strategy and Development - The company plans to develop an online platform named "Octopus Entertainment" to enhance its cultural and entertainment business and reduce inventory management costs for suppliers and customers[9]. - The management anticipates that the business environment will remain challenging in the coming year due to the ongoing impact of COVID-19 on customers[10]. - The company aims to adopt strict cost control measures to maintain strength during economic downturns while accelerating the development of its online platform[10]. - The group will continue to seek business development opportunities to expand revenue sources and strengthen competitive advantages amid market uncertainties[8]. - The electronic platform "Octopus Entertainment" is expected to be launched in the near future, leveraging the synergies of the Octopus Alliance platform[14]. Corporate Governance - The board consists of two executive directors and four independent non-executive directors as of June 30, 2020[59]. - The company has adopted the corporate governance code and has complied with all applicable code provisions, except for one deviation regarding the attendance of independent non-executive directors at the annual general meeting[58]. - The chairman and CEO roles are separated, with the chairman responsible for leading the board and ensuring its effective operation[61]. - The board is responsible for approving and monitoring the overall strategy and policies of the group, as well as overseeing management and corporate governance duties[60]. - The company regularly reviews its corporate governance practices to ensure compliance with the corporate governance code[58]. Employee and Labor Practices - The group had 154 full-time employees as of June 30, 2020, down from 184 in 2019, with compensation policies based on market conditions and individual performance[52]. - The average training duration for employees during the reporting period was 3.2 hours per person[118]. - The company emphasizes the importance of employee development and allocates resources to establish a comprehensive training system[116]. - The company adheres to various labor laws and provides a competitive compensation and benefits system for employees[119]. - The company offers various employee benefits, including labor insurance, medical and life insurance, and transportation subsidies[120]. Environmental, Social, and Governance (ESG) Performance - The report covers the ESG performance of the company for the period from July 1, 2019, to June 30, 2020[91]. - Key ESG issues identified include product and service quality, legal compliance, and employee training and development[102]. - The company aims to continuously improve its ESG strategies based on stakeholder feedback and independent assessments[96]. - The company is dedicated to providing sufficient resources for the implementation of ESG strategies and policies[103]. - The company emphasizes the importance of stakeholder communication and has established various channels for feedback, including regular meetings and surveys[92]. Shareholder and Financial Policies - The company does not recommend the payment of a final dividend for the reporting year, compared to a dividend of HKD 0.05 per share in 2019[46]. - The board will review the company's dividend policy periodically, considering factors such as financial performance, distributable reserves, and future development plans[146]. - The company has adopted a share option scheme aimed at rewarding specific participants who contribute to the group, which was established on October 18, 2013[168]. - The total number of shares that can be issued under the stock option plan is capped at 30% of the company's issued share capital[171]. - The company has made appropriate insurance arrangements for its directors and senior management against legal actions arising from corporate activities[156].

Financial Performance - The total revenue for the fiscal year ended June 30, 2019, was approximately HKD 576,120,000, representing an increase of about 126.77% compared to HKD 254,051,000 for the previous year[7]. - The profit attributable to owners increased by 18.52% to HKD 107,514,000, up from HKD 90,706,000 in the previous year[9]. - Adjusted EBITDA rose by 206.44% to HKD 339,630,000, compared to the previous year's figure[9]. - The operating profit for the year was approximately HKD 218,500,000, reflecting a growth of about 92.71% from HKD 113,380,000 in the prior year[14]. - Revenue increased by approximately HKD 322,070,000 or 126.77% to HKD 576,120,000 from last year's HKD 254,051,000, driven by strong growth in the promotion and consulting segment[17]. - Operating profit rose by approximately HKD 105,120,000 or 92.71% to HKD 218,495,000, with the operating profit margin decreasing to 37.93% from 44.63% due to losses from contingent consideration fair value changes[23]. - Adjusted EBITDA increased by approximately HKD 228,800,000 or 206.44% to HKD 339,634,000 from last year's HKD 110,833,000[30]. - Gross profit surged by approximately HKD 267,050,000 or 229.70% to HKD 383,310,000, with gross profit margin improving to 66.53% from 45.76%[19]. - The company’s attributable profit increased by approximately HKD 16,800,000 or 18.52% to HKD 107,510,000, supported by revenue growth in the contracting services and entertainment equipment solutions segments[25]. Dividends and Shareholder Returns - A final cash dividend of HKD 0.05 per share was proposed, totaling approximately HKD 73,150,000, compared to HKD 0.01 per share and HKD 14,540,000 in the previous year[9]. - The group proposed a final cash dividend of HKD 0.05 per share for the year ended June 30, 2019, totaling approximately HKD 73,150,000, an increase from HKD 0.01 per share in 2018[164]. - The group has adopted a dividend policy aimed at allowing shareholders to participate in profits while retaining sufficient reserves for future growth[165]. Assets and Liabilities - The total assets increased to HKD 1,174,156,000 from HKD 643,051,000 in the previous year, while total liabilities rose to HKD 629,674,000 from HKD 253,183,000[7]. - As of June 30, 2019, the company's current assets and current liabilities were approximately HKD 797,250,000 and HKD 185,030,000 respectively, resulting in a current ratio of approximately 4.31 times[74]. - The company's total equity increased to approximately HKD 544,480,000 as of June 30, 2019, up from approximately HKD 389,870,000 in the previous year[76]. - The company's borrowings amounted to approximately HKD 324,530,000 as of June 30, 2019, a significant increase from HKD 2,590,000 in the previous year[78]. Business Strategy and Expansion - The company plans to introduce AI, VR, and 3D technologies into its integrated service platform to enhance service quality for cultural and entertainment clients[10]. - The company aims to expand its exhibition business in China and seek new business partners to enhance corporate development and revenue base[10]. - The company continues to explore investment opportunities in China to diversify revenue sources and enhance shareholder value[9]. - The company plans to continue seeking new business opportunities and investments in China, particularly in the newly acquired exhibition service company[38]. - The company has entered into a one-year electronic cigarette promotion and consignment sales agreement with independent third-party suppliers, with a total contract value of RMB 50,000,000[80]. Employee and Corporate Governance - The company employed 184 full-time employees, a significant increase from 75 full-time employees in 2018[86]. - The board of directors consists of two executive directors and four independent non-executive directors, ensuring a balanced composition for effective independent judgment[92]. - The company has adopted corporate governance practices in line with the Hong Kong Stock Exchange's guidelines, with regular reviews to ensure compliance[89]. - The company has implemented a share option scheme as part of its employee reward program, alongside providing medical benefits and training[86]. - The company encourages all directors to participate in continuous professional development to enhance their knowledge and skills[103]. Environmental, Social, and Governance (ESG) Initiatives - The company has published its second Environmental, Social, and Governance (ESG) report, aiming to enhance stakeholder understanding and confidence in its sustainable development practices[121]. - The company emphasizes transparency and fairness in operations, focusing on environmental, customer, and community impacts to balance stakeholder interests[124]. - The company has appointed an ESG officer to manage ESG matters according to guidelines and report regularly to the CEO[128]. - The company has implemented measures to prevent potential pollution and ensure product and service quality, as part of its commitment to sustainable operations[128]. - The company is committed to not using false advertising and adheres to legal requirements in public communications[129]. Challenges and Market Conditions - The overall economic outlook indicates a slowdown in growth, which may impact Hong Kong's exports and business sentiment due to ongoing political unrest[52]. - In the first and second quarters of 2019, Hong Kong's economic growth slowed to only 0.6%, compared to a seven-year high of 4.61% in the first quarter of 2018[53]. - The overall exhibition performance faced challenges such as rising costs and increased social unrest, leading to a weak performance in the exhibition sector[55]. - The group faced operational risks due to intensified industry competition and macroeconomic uncertainties affecting business and profit growth[158]. Awards and Recognition - The company received the "Frost & Sullivan China New Economy Excellence Growth Award" for its outstanding performance in growth, innovation, and customer service[147]. - The company was recognized as an "Outstanding Comprehensive Service Platform" by the Chinese Song and Dance Entertainment Industry[148].