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 對 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的任何損失承擔任何責 任。 美捷滙控股有限公司* （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1389） 於二零二五年八月八日舉行之 股東週年大會的投票結果 茲提述美捷滙控股有限公司日期均為二零二五年六月二十三日的通函（「該 通 函」）及股東週年大會（「股東週年大會」）通 告（「股東週年大會通告」）。除 文 義 另 有 所 指 外，本 公 告 所 用 詞 彙 與 該 通 函 所 界 定 者 具 有 相 同 涵 義。 本公司董事會（「董事會」）欣 然 宣 佈，股 東 週 年 大 會 通 告 所 載 所 有 決 議 案 已 於 股 東 週 年 大 會 獲 股 東 以 投 票 方 式 正 式 通 過。 於 股 東 週 年 大 會 日 期，本 公 司 已 發 行 普 通 股 份（「股 份」）總數為554,333,332股 股 份，即 賦 予 持 有 ...

Financial Performance - Revenue decreased by 7.9% from HKD 63.0 million for the year ended March 31, 2024, to HKD 58.0 million for the year ended March 31, 2025[11]. - Loss attributable to owners of the company decreased from HKD 15.7 million for the year ended March 31, 2024, to HKD 13.4 million for the year ended March 31, 2025[11]. - Basic loss per share improved from HKD 3.96 for the year ended March 31, 2024, to HKD 2.41 for the year ended March 31, 2025[11]. - The group's gross profit decreased from HKD 5.5 million for the year ended March 31, 2024, to a gross loss of HKD 8.9 million for the year ended March 31, 2025, primarily due to reduced revenue and promotional activities[17]. - Other income fell significantly from HKD 3.8 million for the year ended March 31, 2024, to HKD 0.9 million for the year ended March 31, 2025[18]. - Promotion, sales, and distribution expenses, along with administrative expenses, decreased by 41.0% from HKD 19.5 million in 2024 to HKD 11.5 million in 2025, mainly due to reduced salary and depreciation expenses[20]. - The group reported a total loss attributable to owners of HKD 15.7 million for the year ended March 31, 2024, compared to a loss of HKD 13.4 million for the year ended March 31, 2025[22]. - The current ratio improved from 11.25 in 2024 to 14.60 in 2025, attributed to a greater percentage decrease in current liabilities compared to current assets[24]. - As of March 31, 2025, the group had cash and bank balances totaling HKD 11.5 million, down from HKD 26.5 million in 2024[25]. - The group's debt-to-equity ratio was 1.1% as of March 31, 2025, a decrease from 3.9% in 2024, indicating improved financial stability[25]. Market Trends - The total retail sales value in Hong Kong decreased by 7.3% in March 2025, with total sales volume down by 8.9%[15]. - Online retail sales value for the twelve months ended March 31, 2025, was HKD 31.5 billion, a slight decrease of 0.4% compared to HKD 31.7 billion in 2024[15]. - The sales of red and white wine decreased from HKD 53.8 million for the year ended March 31, 2024, to HKD 48.8 million for the year ended March 31, 2025[16]. - The company aims to expand its customer base and product portfolio to meet diverse customer needs despite changing market trends[12]. - Hong Kong consumers are increasingly favoring premium and craft spirits, with a growing demand for unique and high-quality products, driven by appreciation for craftsmanship and personalized experiences[54]. - The local production of spirits is on the rise, with a significant increase in the number of craft distilleries producing gin, vodka, and whiskey, catering to consumers who value local sourcing[54]. - The interest in high-quality and aged spirits, particularly whiskey, is increasing, with consumers willing to invest in premium aged products, leading to a rise in demand for limited edition whiskeys[54]. - The strong economy and high disposable income levels in Hong Kong contribute to the growth of the spirits market, as consumers are willing to spend more on luxury and quality products[54]. Strategic Initiatives - The company has implemented various strategic sales and marketing activities to adapt to the Hong Kong wine market[12]. - The company is focusing on cost reduction and operational efficiency improvements to maintain long-term development advantages[12]. - The company is actively seeking new business opportunities to diversify its operations and enhance long-term shareholder value[57]. - The company has implemented various strategic sales and marketing activities to expand its customer base and product offerings, ensuring a high-quality product mix to meet diverse customer needs[55]. Shareholder and Corporate Governance - The company did not recommend a final dividend for the year ended March 31, 2025, consistent with the previous year[11]. - The company has established a remuneration committee to review its remuneration policy based on operational performance and individual contributions[91]. - The audit committee is responsible for reviewing the group's financial systems and has three independent non-executive directors[97]. - The company confirms that it maintains the public float required by listing rules as of the report date[98]. - The company has adopted the corporate governance code as per the listing rules Appendix C1, ensuring compliance and enhancing corporate performance[107]. - The board of directors held four meetings during the fiscal year ending March 31, 2025, with all members actively participating[110]. - The board is responsible for overseeing the management and overall performance of the group, focusing on strategy formulation and financial performance monitoring[111]. - The company has established mechanisms to ensure independent opinions on director nomination policies and board diversity policies[114]. - The nomination committee must adhere to the independence criteria set out in Listing Rule 3.13 when nominating independent non-executive directors[115]. - The company is committed to ensuring independent non-executive directors have opportunities to express their independent views to the board[116]. - The chairman and CEO roles are held by the same individual, Zhang Jun Tao, which the board believes provides strong and consistent leadership[117]. - All directors attended the annual general meeting for the year ending March 31, 2025[119]. - Independent non-executive directors must confirm their independence annually according to Listing Rule 3.13, and the board believes they are independent[120]. - The company provides ongoing professional development courses for all directors to enhance their knowledge and skills[123]. Environmental, Social, and Governance (ESG) Initiatives - The company has set goals to minimize environmental impact and enhance ESG awareness among employees, with measures in place to track progress towards these goals[173]. - The group has established a working group to systematically manage environmental, social, and governance (ESG) matters, responsible for data collection and tracking progress towards ESG goals[176]. - The ESG report covers business segments including red wine, white wine, spirits, and related products, excluding the office and warehouse of a divested subsidiary[177]. - The report is prepared according to the Hong Kong Stock Exchange's ESG reporting guidelines, focusing on principles of materiality, quantification, consistency, and balance[178]. - The group emphasizes stakeholder engagement, maintaining communication with investors, employees, customers, and suppliers to align on sustainability expectations[180]. - Key ESG issues identified include greenhouse gas emissions, waste management, energy management, and climate change, among others[186]. - The group confirms the establishment of effective management policies and internal control systems for ESG issues, ensuring compliance with reporting guidelines[186]. - Total greenhouse gas emissions decreased by approximately 84.27% to about 0.76 tons of CO2 equivalent per employee in 2025, compared to 4.83 tons in 2024[195]. - The total amount of non-hazardous waste generated was 137.21 kg in 2025, a reduction from 237.01 kg in 2024, resulting in a density of 9.15 kg per employee[1]. - The total energy consumption in 2025 was 29.82 MWh, significantly reduced from 285.13 MWh in 2024, with a density of 1.99 MWh per employee[1]. - The company has implemented various waste reduction measures, including promoting recycling and using environmentally friendly materials[198]. - The company has adopted practices to optimize resource usage, aiming for higher energy efficiency and reduced material consumption[199].

Financial Performance - Revenue decreased by 7.9% from HKD 63.0 million for the year ended March 31, 2024, to HKD 58.0 million for the year ended March 31, 2025[2] - Loss attributable to owners of the company reduced from HKD 15.7 million for the year ended March 31, 2024, to HKD 13.4 million for the year ended March 31, 2025[2] - Basic loss per share improved from HKD 3.96 for the year ended March 31, 2024, to HKD 2.41 for the year ended March 31, 2025[3] - The company reported a gross loss of HKD 8.88 million for the year ended March 31, 2025, compared to a gross profit of HKD 5.47 million for the previous year[3] - Other income decreased significantly from HKD 3,834 thousand in 2024 to HKD 873 thousand in 2025, a decline of approximately 77.2%[16] - The group reported a net loss of approximately 13,355,000 HKD for the year ended March 31, 2025, compared to a net loss of 15,683,000 HKD for the previous year[21] Assets and Liabilities - Total assets decreased from HKD 131.8 million in 2024 to HKD 116.9 million in 2025[4] - Current liabilities decreased from HKD 11.7 million in 2024 to HKD 8.0 million in 2025[4] - Net asset value decreased from HKD 122.97 million in 2024 to HKD 109.61 million in 2025[5] - Trade receivables decreased to 12,361,000 HKD in 2025 from 26,015,000 HKD in 2024, with a provision for losses of 4,422,000 HKD[25] - The group’s contract liabilities as of March 31, 2025, amounted to HKD 2.39 million, with expected revenue recognition from these liabilities in the upcoming fiscal year[34] Dividends and Shareholder Returns - The board did not recommend the payment of a final dividend for the year ended March 31, 2025[2] - The group did not recommend any dividend payment for the year ended March 31, 2025, consistent with the previous year[20] Expenses and Cost Management - Administrative expenses decreased significantly from HKD 12.27 million in 2024 to HKD 6.64 million in 2025[3] - The group's promotional, selling, and distribution expenses, along with administrative expenses, decreased by 41.0% from HKD 19.5 million for the year ended March 31, 2024, to HKD 11.5 million for the year ended March 31, 2025[41] - The group recognized impairment losses on inventory amounting to 2,833,000 HKD in 2025, compared to 810,000 HKD in 2024[23] - The group reported a significant reduction in depreciation expenses for property, plant, and equipment, which decreased to 263,000 HKD in 2025 from 1,675,000 HKD in 2024[19] Market and Sales Performance - Revenue from customer contracts decreased from HKD 63,039 thousand in 2024 to HKD 58,025 thousand in 2025, representing a decline of approximately 8.0%[11] - Major product sales in 2025 included red wine at HKD 45,841 thousand, white wine at HKD 2,959 thousand, and spirits at HKD 7,072 thousand, with red wine accounting for 78.9% of total sales[11] - The group’s total revenue from consignment commissions was HKD 214 thousand in 2025, down from HKD 541 thousand in 2024[16] - The total retail sales value in Hong Kong decreased by 7.3% in March 2025, with a decline in overall retail sales volume of 8.9%[36] Employee and Operational Changes - As of March 31, 2025, the group had 15 full-time employees, down from 22 in 2024, with total employee costs amounting to HKD 5.7 million, a decrease from HKD 7.5 million in 2024[65] - The group currently has no significant investments or capital asset plans as of March 31, 2025[51] Strategic Initiatives and Future Outlook - The company is implementing various strategic sales and marketing activities to expand its customer base and product offerings in response to market trends[86] - The company maintains a cautiously optimistic outlook on future economic recovery despite external challenges such as inflation and geopolitical risks[84] - The company is actively exploring new business opportunities to diversify its operations and enhance long-term shareholder value[87] Economic and Market Conditions - Global inflation is projected to decrease to 4.3% in 2025, with advanced economies seeing a significant adjustment while emerging markets may experience a slight decline[68] - Global growth rate is expected to drop from an estimated 3.3% in 2024 to 2.8% in 2025, reflecting a downward revision of 0.5 percentage points from previous forecasts[68] - The ongoing trade war and uncertainty in trade policies may further dampen both short-term and long-term growth prospects[68] - Increased policy uncertainty and trade tensions are expected to negatively impact growth forecasts for both the US and Eurozone economies[73] Investment and Capital Allocation - Approximately HKD 30.2 million from a rights issue is allocated to improve the company's online store and IT infrastructure[98] - Approximately HKD 17.5 million allocated for investment in opening new retail stores in China, purchasing inventory, renovations, rent, and employee costs[100] - Approximately HKD 10.0 million allocated for inventory purchases for the Hong Kong business[100] - Approximately HKD 11.0 million allocated for inventory purchases for the China business[101] Corporate Governance and Compliance - The company has adopted high standards of corporate governance and is committed to enhancing internal controls and procedures[91] - The company maintains sufficient public float as required by listing rules[94] - The company has not engaged in any significant transactions or arrangements involving directors' interests as of March 31, 2025[89]

Financial Performance - For the six months ended September 30, 2024, the group reported a loss of approximately HKD 7.5 million, compared to a loss of HKD 4.7 million for the same period in 2023[5]. - Revenue for the six months ended September 30, 2024, was HKD 36.2 million, an increase of 22.9% from HKD 29.5 million in the same period of 2023[7]. - The gross loss for the period was HKD 2.2 million, compared to a gross profit of HKD 3.7 million in the previous year[7]. - Operating loss increased to HKD 7.5 million from HKD 4.6 million year-on-year[7]. - Basic loss per share for the six months ended September 30, 2024, was HKD 1.35, compared to HKD 1.22 for the same period in 2023[7]. - The total loss attributable to owners for the six months ended September 30, 2024, was approximately HKD 7.5 million, compared to HKD 4.7 million for the same period in 2023[53]. Dividend and Shareholder Information - The board did not recommend the payment of an interim dividend for the six months ended September 30, 2024[5]. - The company did not recommend any interim dividend for the six months ended September 30, 2024, consistent with the previous year[29]. - As of September 30, 2024, the major shareholder Zhang Jun Tao held 298,092,515 shares, representing 53.77% of the company[63]. - The total shares held by Zhang Jun Tao and his spouse amounted to 299,949,182 shares, representing 54.10% of the company[67]. Assets and Liabilities - Total assets as of September 30, 2024, were HKD 124.8 million, a decrease from HKD 131.8 million as of March 31, 2024[9]. - Net assets decreased to HKD 115.5 million from HKD 123.0 million as of March 31, 2024[9]. - The company reported a significant increase in inventory to HKD 42.4 million from HKD 28.0 million[9]. - Trade payables increased to HKD 3.6 million from HKD 2.7 million, indicating a rise in operational liabilities[9]. - Trade receivables as of September 30, 2024, amounted to HKD 28,048,000, significantly higher than HKD 15,172,000 as of March 31, 2024[33]. Cash Flow and Financial Position - The company reported a net cash outflow from operating activities of HKD 8,860,000 for the six months ended September 30, 2024, compared to a net cash inflow of HKD 3,926,000 for the same period in 2023[15]. - The company had cash and cash equivalents of HKD 17,590,000 at the end of the reporting period, down from HKD 26,450,000 at the beginning of the period[15]. - The group had cash and bank balances totaling approximately HKD 17.6 million as of September 30, 2024, down from HKD 26.5 million on March 31, 2024[56]. - The debt-to-equity ratio of the group was approximately 1.8% as of September 30, 2024, compared to 3.9% on March 31, 2024[56]. Operational Expenses - The company incurred a total employee cost of HKD 2,991,000 for the six months ended September 30, 2024, down from HKD 3,855,000 in the same period of 2023[28]. - The total employee cost for the six months ended September 30, 2024, was approximately HKD 3.0 million, a decrease from HKD 3.9 million for the same period in 2023[60]. - Promotional, sales, and distribution expenses decreased by approximately 24.2% to HKD 3.4 million, while administrative expenses decreased by approximately 46.4% to HKD 3.1 million for the six months ended September 30, 2024[48]. - The company reported zero financing costs for the six months ended September 30, 2024, down from approximately HKD 121,000 for the same period in 2023, due to reduced bank borrowings[50]. Market Conditions and Strategy - The retail sales value in Hong Kong decreased by approximately 7.6% year-on-year, from HKD 302.3 billion for the nine months ended September 30, 2023, to HKD 279.4 billion for the same period in 2024[44]. - The company plans to continue expanding its sales volume and marketing channels to adapt to challenges in the Hong Kong retail market[45]. - The company remains confident in its position as a leading retailer of premium wines in Hong Kong, despite ongoing global economic uncertainties[45]. - The company aims to diversify its business and enhance long-term growth potential for itself and its shareholders[45]. Corporate Governance - The chairman and CEO roles are held by the same individual, Mr. Zhang Jun Tao, to ensure effective strategic planning[76]. - The audit committee is responsible for reviewing the financial systems, accounting policies, and internal controls of the group[82]. Miscellaneous - The company has adopted a prudent treasury policy to mitigate credit risk through continuous credit assessments of customer financial conditions[79]. - The company has no significant foreign exchange risk as most sales, monetary assets, and liabilities are denominated in HKD[80]. - The company did not grant any share options under the share option scheme during the six months ended September 30, 2024[70]. - There were no significant acquisitions or disposals of subsidiaries or associated companies during the six months ended September 30, 2024[61]. - The company did not purchase, sell, or redeem any of its securities during the six months ended September 30, 2024[71]. - There were no significant contracts in which the company's directors had a substantial interest during the six months ended September 30, 2024[72]. - As of September 30, 2024, the company has no significant investments or capital asset plans[78]. - The mid-term financial information for the six months ending September 30, 2024, has not been audited by the company's auditors[82]. - The mid-term report will be sent to shareholders around November 29, 2024, and will be available on the company's and the stock exchange's websites[83].

Financial Performance - Revenue decreased by 15.3% from HKD 74.4 million for the year ended March 31, 2023, to HKD 63.0 million for the year ended March 31, 2024[6]. - Loss attributable to owners of the company decreased from HKD 16.6 million for the year ended March 31, 2023, to HKD 15.7 million for the year ended March 31, 2024[6]. - Basic loss per share improved from HKD 4.29 cents for the year ended March 31, 2023, to HKD 3.96 cents for the year ended March 31, 2024[6]. - Gross profit decreased by 30.5% from HKD 7.9 million for the year ended March 31, 2023, to HKD 5.5 million for the year ended March 31, 2024[12]. - Gross margin decreased from 10.6% for the year ended March 31, 2023, to 8.7% for the year ended March 31, 2024, primarily due to discounts offered to customers[12]. - Other income increased from HKD 2.9 million for the year ended March 31, 2023, to HKD 3.8 million for the year ended March 31, 2024[13]. - The total comprehensive loss attributable to the owners of the company decreased from HKD 16.6 million for the year ended March 31, 2023, to HKD 15.7 million for the year ended March 31, 2024[18]. Retail and Market Trends - The total retail sales value in Hong Kong decreased by 7% in March 2024 compared to the previous year, with a total sales volume decrease of 8.6%[10]. - Online retail sales value was HKD 31.7 billion for the year ended March 31, 2024, a decrease of 2.7% compared to the previous year[10]. - The company implemented various strategic sales and marketing activities to adapt to the changing wine market in Hong Kong[7]. - The total revenue for the Hong Kong spirits market in 2024 is projected to reach USD 556 million, with household income expected to grow at a CAGR of 3.61% from 2024 to 2028[51]. - The wine industry in Hong Kong is expected to reach USD 622 million in revenue by 2022, with a return to pre-pandemic levels anticipated in 2023[52]. - The mainland China wine industry revenue is projected to reach USD 25.7 billion in 2022, with an annual growth rate of 6.76% from 2022 to 2025[53]. Strategic Initiatives - The company raised approximately HKD 30.2 million through a rights issue, with a net amount of HKD 29 million after expenses[58]. - The company plans to allocate HKD 3.0 million for the startup costs of a new retail store in China, including renovation and employee costs[62]. - An additional HKD 14.5 million is designated for procuring quality wine for the new store in China[62]. - HKD 9.7 million is allocated for purchasing high-end quality wines for the company's Hong Kong operations[62]. - The company has successfully automated processes to improve operational efficiency and reduce costs[55]. - The company aims to become one of the leading premium wine retailers in Hong Kong through new sales strategies and marketing channels[55]. - The company is actively seeking new business opportunities to diversify its operations and enhance long-term shareholder value[56]. Financial Position and Ratios - The current ratio improved significantly from 6.90 in 2023 to 11.25 in 2024, attributed to an increase in bank balances and a decrease in bank loans[21]. - Cash and bank balances increased to HKD 26.5 million as of March 31, 2024, compared to HKD 5.9 million as of March 31, 2023[22]. - The debt-to-equity ratio decreased from 12.9% in 2023 to 3.9% in 2024, indicating a stronger financial position[22]. - The total employee costs, including director remuneration, decreased from HKD 8.4 million in 2023 to HKD 7.5 million in 2024[40]. Corporate Governance - The company continues to adhere to high standards of corporate governance and has adopted the corporate governance code as of March 31, 2024[110]. - The board of directors held a total of four meetings during the fiscal year ending March 31, 2024, with all directors attending the shareholder meeting[113]. - The company has established mechanisms to ensure independent opinions on director nomination and board diversity policies[119]. - The company has a structured approach to ensure that all employees adhere to the anti-corruption policy during business transactions[134]. - The company emphasizes high standards of business integrity and has adopted anti-corruption and whistleblowing policies to prevent fraud and bribery[131]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes sustainable development as a key to ongoing success and integrates environmental, social, and governance (ESG) aspects into its risk management[187]. - The company has set goals to minimize environmental impact and enhance employee awareness of ESG issues[188]. - The ESG report aims to provide a balanced view of the company's performance, avoiding any misleading omissions or presentation formats[194]. - The company conducts regular assessments to identify significant ESG issues and their importance to the business and stakeholders[196]. - The board and working group review and confirm the significance of identified ESG issues, ensuring they align with stakeholder concerns[196]. Economic Outlook - Global economic growth is projected to continue at a rate of 3.2% in 2024 and 2025, consistent with 2023's growth rate[41]. - Developed economies are expected to see a slight increase in growth from 1.6% in 2023 to 1.7% in 2024 and 1.8% in 2025, while emerging markets will slow from 4.3% in 2023 to 4.2% in 2024 and 2025[41]. - Global inflation is anticipated to decline from 6.8% in 2023 to 5.9% in 2024 and 4.5% in 2025, with developed economies reducing inflation faster than emerging markets[41]. - The unemployment rate in Hong Kong was 2.9% in January 2024, expected to remain stable[48].

Financial Performance - Revenue decreased by 15.3% from HKD 74.4 million for the year ended March 31, 2023, to HKD 63.0 million for the year ended March 31, 2024[2] - The total comprehensive loss attributable to owners of the company decreased from HKD 16.6 million for the year ended March 31, 2023, to HKD 15.7 million for the year ended March 31, 2024[2] - Basic loss per share improved from HKD 4.29 for the year ended March 31, 2023, to HKD 3.96 for the year ended March 31, 2024[3] - Gross profit decreased from HKD 7.9 million in 2023 to HKD 5.5 million in 2024, reflecting a gross margin of approximately 8.7%[3] - The group reported a net loss of HKD 15,683,000 for the year ending March 31, 2024, compared to a net loss of HKD 16,631,000 in the previous year, indicating a slight improvement[22] - The group's gross profit decreased by 30.5% from HKD 7.9 million for the year ended March 31, 2023, to HKD 5.5 million for the year ended March 31, 2024, primarily due to a reduction in revenue[45] - The gross profit margin fell from 10.6% for the year ended March 31, 2023, to 8.7% for the year ended March 31, 2024, mainly due to discounts offered to customers[45] Assets and Liabilities - Total assets increased from HKD 122.6 million in 2023 to HKD 131.8 million in 2024, with current assets also rising from HKD 122.6 million to HKD 131.8 million[5] - The company reported a net cash balance of HKD 26.5 million as of March 31, 2024, compared to HKD 5.9 million in the previous year[5] - The total amount of trade payables increased from HKD 1,701,000 in 2023 to HKD 2,737,000 in 2024, reflecting a growth of approximately 61%[35] - Lease liabilities as of March 31, 2024, totaled HKD 4,795,000, down from HKD 8,131,000 in 2023[39] Revenue Breakdown - The major product revenue breakdown for 2024 included red wine at HKD 47.6 million, white wine at HKD 6.2 million, and spirits at HKD 6.9 million[13] - Wine sales dropped from HKD 54.7 million for the year ended March 31, 2023, to HKD 47.6 million for the year ended March 31, 2024[44] Dividends and Shareholder Returns - The company did not recommend a final dividend for the year ended March 31, 2024, consistent with the previous year[2] - The group did not declare any dividends for the year ending March 31, 2024, consistent with the previous year[24] Cash Flow and Financing - The group’s total financing costs decreased to HKD 548,000 in 2024 from HKD 758,000 in 2023, reflecting a reduction in bank loan interest[20] - The cash flow from leases included a rental interest expense of HKD 383,000 in 2024, compared to HKD 354,000 in 2023, marking an increase of about 8.2%[27] Inventory and Trade Receivables - The group’s inventory cost of goods sold was HKD 57,573,000 in 2024, down from HKD 66,574,000 in 2023, showing a decrease of 13.5%[23] - Trade receivables increased significantly from HKD 17,084,000 in 2023 to HKD 27,313,000 in 2024, an increase of about 60%[31] - The provision for trade receivables rose from HKD 7,704,000 in 2023 to HKD 12,141,000 in 2024, indicating a 57% increase[31] Economic Outlook - The global economic growth forecast for 2024 and 2025 is expected to continue at a rate of 3.2%, the same as in 2023[75] - Inflation is projected to decrease from 6.8% in 2023 to 5.9% in 2024 and further to 4.5% in 2025[75] - The economic growth rate for developed economies is expected to slightly increase from 1.6% in 2023 to 1.7% in 2024[75] Government Revenue and Expenditure - The estimated total government revenue for the fiscal year 2024-2025 is HKD 633 billion, an increase from HKD 554.6 billion in 2023-2024, with tax revenue accounting for 53.5%[80] - The estimated total government expenditure for the fiscal year 2024-2025 is HKD 776.9 billion, up from HKD 727.9 billion in 2023-2024, with education, social welfare, and healthcare comprising approximately 48.9% of total expenditure[80] Company Strategy and Operations - The company is actively exploring new business opportunities to diversify its operations and enhance long-term shareholder value[88] - The company has implemented various sales and marketing strategies, including wine tasting events and promotional activities, to expand its customer base and product offerings[87] - The company aims to become one of the leading quality wine retailers in Hong Kong by enhancing its sales strategies and marketing channels[88] Stock Option Plan - The company has a stock option plan that was adopted on December 30, 2013, and has been extended for another 10 years as of August 11, 2023[65] - The total number of shares that can be issued under the stock option plan cannot exceed 10% of the total shares issued as of the approval date[67] - Each eligible participant can receive stock options that do not exceed 1% of the company's issued share capital within any 12-month period[68] - The company has not granted any stock options under the plan as of March 31, 2024[71] Audit and Compliance - The audit committee is responsible for reviewing the company's financial systems and internal controls, ensuring compliance with accounting policies and risk management[95]

Financial Performance - For the six months ended September 30, 2023, the company reported a revenue of HKD 29.52 million, a decrease of 28.4% compared to HKD 41.22 million for the same period in 2022[6] - The company incurred a loss of HKD 4.71 million for the six months ended September 30, 2023, compared to a loss of HKD 3.48 million for the same period in 2022, representing a year-over-year increase in loss of approximately 35.4%[5] - Basic loss per share for the six months ended September 30, 2023, was HKD 0.14, compared to HKD 0.10 for the same period in 2022, indicating a 40% increase in loss per share[5] - The company reported a loss attributable to shareholders of HKD 4,711,000 for the six months ended September 30, 2023, compared to a loss of HKD 3,456,000 in the prior year[27] - The group reported a loss attributable to owners of approximately HKD 4.7 million for the six months ended September 30, 2023, compared to a loss of about HKD 3.5 million for the same period in 2022[42] Cash Flow and Assets - The company's cash and cash equivalents increased to HKD 6.45 million as of September 30, 2023, from HKD 5.93 million at the end of March 2023, reflecting a net increase of 8.7%[11] - Operating cash flow for the six months ended September 30, 2023, was HKD 3.93 million, a decrease of 57.5% compared to HKD 9.26 million for the same period in 2022[11] - Total assets less current liabilities as of September 30, 2023, were HKD 109.90 million, down from HKD 114.61 million as of March 31, 2023, indicating a decrease of approximately 4.1%[7] - The company's total equity decreased to HKD 105.10 million as of September 30, 2023, from HKD 109.81 million as of March 31, 2023, reflecting a decline of approximately 4.4%[7] - Trade receivables increased to HKD 11,968,000 as of September 30, 2023, compared to HKD 9,380,000 as of March 31, 2023[28] Revenue Breakdown - The revenue breakdown shows a significant decline in sales of red wine (down 15.9% to HKD 22,953,000) and spirits (down 68.5% to HKD 2,299,000) compared to the previous year[18] - The group's revenue decreased by approximately 28.4% to about HKD 29.5 million for the six months ended September 30, 2023, compared to HKD 41.2 million for the same period in 2022[36] - Gross profit fell by approximately 25.8% to about HKD 3.7 million for the six months ended September 30, 2023, from HKD 5.0 million in the previous year[37] Expenses and Costs - The total employee costs for the period were HKD 3,855,000, slightly up from HKD 3,826,000 in the same period last year[25] - The company's promotional, sales, and distribution expenses decreased by approximately 14.6% to about HKD 4.5 million for the six months ended September 30, 2023[38] - The company's financing costs decreased by approximately 54.9% to about HKD 121,000 for the six months ended September 30, 2023, due to a reduction in bank borrowings[40] Dividends and Shareholder Information - The company did not declare an interim dividend for the six months ended September 30, 2023[4] - The company has no interim dividend declared for the six months ended September 30, 2023, consistent with the previous year[26] - The major shareholder, Mr. Zhang Jun Tao, holds 975,859,600 shares, representing 29.34% of the company[49] - The spouse of Mr. Zhang, Ms. Lian Shuxuan, holds 11,140,000 shares, representing 0.34% of the company[49] - The major shareholder, Ba Yin Limited, holds 975,859,600 shares, representing 29.34% of the company[52] Corporate Governance and Compliance - The company has maintained compliance with the corporate governance code, except for the deviation regarding the separation of roles of the chairman and CEO[59] - The company's board of directors has confirmed compliance with the securities trading standards during the six months ended September 30, 2023[58] - The audit committee consists of three independent non-executive directors, responsible for reviewing the group's financial systems and internal controls[64] Market and Strategic Outlook - The group plans to continue expanding its sales channels and adjusting marketing strategies to address challenges in the Hong Kong retail market[35] - The group has confidence in its position as a leading retailer of premium wines in Hong Kong, despite the unclear global economic environment[35] Risk Management - The company has adopted a prudent treasury policy to mitigate credit risk through continuous credit assessments of customer financial conditions[62] - The group has minimal foreign exchange risk as most sales, monetary assets, and liabilities are denominated in Hong Kong dollars[63] - As of September 30, 2023, the group had no significant risks related to foreign exchange contracts, interest, currency swaps, or other financial derivatives[63] Other Information - The company has not granted any stock options under its stock option plan during the six months ended September 30, 2023[54] - There were no purchases, sales, or redemptions of the company's securities by the company or its subsidiaries during the six months ended September 30, 2023[55] - As of September 30, 2023, the company did not hold any significant investments or have any major investment and capital asset plans[61] - The interim financial information for the six months ending September 30, 2023, has not been audited by the company's auditors[64] - The interim results announcement and report will be published on the company's and the stock exchange's websites[65]

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告之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 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。 * 美捷滙控股有限公司 （於開曼群島註冊成立的有限公司） 1389 （股份代號： ） 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 中 期 業 績 公 告 財務摘要 截至二零二三年九月三十日止六個月，本集團的未經審核經營業績載列如 下： — 截至二零二三年九月三十日止六個月的除稅後虧損約為4.7百萬港元， 而截至二零二二年九月三十日止六個月的除稅後虧損約為3.5百萬港元。 — 按照3,326,000,000股已發行普通股為基準，截至二零二三年九月三十日止 六個月每股基本虧損為0.14港仙，而按照3,326,000,000股已發行普通股為 基準，截至二零二二年九月三十日止六個月每股基本虧損為0.10港仙。 — 董事會不建議派付截至二零二三年九月三十日止六個月的中期股息。 ...

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，概不對因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 美 捷 滙 控 股 有 限 公 司* （於開曼群島註冊成立的有限公司） （股份代號：1389） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 的 全 年 業 績 公 告 財務摘要 (cid:129) 收益由截至二零二二年三月三十一日止年度107.8百萬港元減少30.9%至 截至二零二三年三月三十一日止年度74.4百萬港元 (cid:129) 截至二零二二年三月三十一日止年度本公司擁有人應佔虧損及全面開 支總額為8.7百萬港元，而截至二零二三年三月三十一日止年度本公司 擁有人應佔虧損及全面開支總額為16.6百萬港元 (cid:129) 截至二零二二年三月三十一日止年度每股基本虧損為0.26港仙，而截至 二零二三年三月三十一日止年度每股基本虧損為0.50港仙 (cid:129) 董事會並不建議派付截至二零二三年三月三十一日止年度末期股息（二 零二二年：無） ...

( 於開曼群島註冊成立的有限公司 ) 股份代號 : 1389 2022 公司資料 註冊辦事處 Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman, KY1-1111 Cayman Islands 香港總部、總辦事處及主要營業地點 香港 九龍 尖沙咀 海港城 環球金融中心 南座509-510室 公司網址 http://www.majorcellar.com 執行董事 張俊濤先生 （主席兼行政總裁） 獨立非執行董事 余季華先生 魏海鷹先生 蕭承德先生 公司秘書 冼志強先生 授權代表 張俊濤先生 魏海鷹先生 審核委員會 蕭承德先生 （主席） 余季華先生 魏海鷹先生 薪酬委員會 余季華先生 （主席） 魏海鷹先生 蕭承德先生 提名委員會 魏海鷹先生 （主席） 余季華先生 蕭承德先生 開曼群島主要股份過戶登記處 Conyers Trust Company (Cayman) Limited Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman, KY1-1111 Cayman Islands 香港股 ...