Revenue and Financial Performance - C-Link Squared Limited's primary revenue stream comes from outsourced document management services, including electronic document delivery and document imaging services[6]. - Total revenue for the six months ended June 30, 2022, was approximately RM59.2 million, an increase from RM45.4 million for the same period in 2021, representing a growth of approximately 30.5%[27]. - Revenue from outsourced services accounted for approximately 87.3% of total revenue, while the distribution and sales of medical equipment represented approximately 12.7%[27]. - Revenue from outsourced document management services decreased by approximately RM5.1 million or 11.7%, from RM43.3 million in 2021 to RM38.2 million in 2022[27]. - Revenue from outsourced insurance risk analysis and marketing services was RM10.9 million, representing approximately 18.5% of total revenue for the six months ended June 30, 2022, compared to nil in 2021[27]. - Revenue from enterprise software solutions increased by approximately RM0.5 million or 23.2%, from RM2.1 million in 2021 to RM2.6 million in 2022, representing approximately 4.3% of total revenue[30]. - The company reported a loss of approximately RM17,000 for the six months ended June 30, 2022, compared to a profit of approximately RM1.9 million for the six months ended June 30, 2021[41]. - The total comprehensive income for the period was RM 484,000, a significant decrease from RM 2,558,000 in the same period of 2021[60]. Operational Developments - The company has seen increased demand for its software as a service (SaaS) solutions, particularly from financial institutions in Malaysia, leading to a focus on its Streamline Suite[8]. - C-Link Squared Limited is upgrading its IT infrastructure and expanding its capacity to host services in a new tier 3 compliant data center in Malaysia[9]. - The new data center facility will enhance the Group's document hosting capabilities for electronic distribution and enterprise software solutions[9]. - The company plans to convert an existing building into a new data center to further expand its outsourced document management services and enterprise software solutions[14]. - The company is engaging external software development vendors to develop new applications within the Streamline Suite[14]. - The Group aims to develop advanced internet cloud technology and big data analysis to create an efficient service system for customers in the insurance industry in the PRC[22]. Market and Customer Relations - C-Link Squared Limited aims to maintain and strengthen relationships with existing customers while capturing new customers in Malaysia, Singapore, and the PRC[15]. - The company is pursuing strategic acquisitions and business opportunities to enhance market presence and capture further market share[15]. - The company aims to optimize IT document management for its clients through proprietary software solutions developed by experienced IT engineers[7]. Financial Position and Cash Flow - As of June 30, 2022, total loans and borrowings amounted to approximately RM14.7 million, a decrease of RM1.5 million or 9.3% compared to RM16.2 million as of December 31, 2021[43]. - The Group's current ratio was around 5.4 times as of June 30, 2022, compared to approximately 5.3 times as of December 31, 2021[43]. - The Group's cash and bank balances were approximately RM50.2 million as of June 30, 2022, down from RM66.3 million as of December 31, 2021[43]. - The gearing ratio was approximately 16.6% as of June 30, 2022, down from approximately 18.4% as of December 31, 2021, due to a decrease in interest-bearing bank loans[44]. - The Group maintained a solid financial position and was in a net cash position as of June 30, 2022[43]. - The Group's working capital requirements were mainly financed by internal resources during the reporting period[43]. - The company reported cash and bank balances of RM 11,563 thousand as of June 30, 2022, an increase from RM 10,394 thousand in 2021[65]. Costs and Expenses - Cost of sales increased by approximately RM13.4 million or 38.1%, from RM35.2 million in 2021 to RM48.6 million in 2022[33]. - Administrative expenses increased by approximately RM3.3 million or 49.7% from RM6.6 million for the six months ended June 30, 2021, to RM9.9 million for the six months ended June 30, 2022, mainly due to increased staff costs and research and development costs[39]. - Profit before tax amounted to approximately RM1.3 million for the six months ended June 30, 2022, a decrease from RM3.7 million for the six months ended June 30, 2021, primarily due to increased administrative expenses[41]. Strategic Investments and Acquisitions - The Group has invested approximately RM6.2 million (equivalent to approximately HK$12.0 million) from internal resources for the design and project management of the Data Centre since 2020[18]. - The Group acquired a building in Malaysia for the Data Centre at a consideration of RM12.0 million (approximately HK$22.3 million), with RM10.3 million (approximately HK$19.5 million) funded from the proceeds of the Company's share offer[18]. - The company plans to acquire a building in Malaysia for RM 12 million (approximately HK$22.27 million) to convert it into a data center, expected to be completed by December 2023[54]. Compliance and Governance - The company has adopted the Model Code for Securities Transactions by Directors and confirmed compliance by all directors during the six months ended June 30, 2022[122]. - The Audit Committee reviewed the interim financial information for the six months ended June 30, 2022, and found it compliant with relevant accounting standards[131]. - The company has five independent non-executive directors on the board to ensure a balance of powers and authorities[128].

Financial Performance - Revenue increased by 45.9% to RM 111,901,000 from RM 76,719,000[4] - Gross profit rose by 38.8% to RM 26,631,000 compared to RM 19,185,000[4] - Profit before tax surged by 1193.5% to RM 9,106,000 from RM 704,000[4] - Profit attributable to equity holders of the Company for the year was RM 2,726,000, a significant recovery from a loss of RM 5,065,000 in the previous year[4] - Basic and diluted earnings per share improved to RM 0.34 from a loss of RM 0.67[4] - Total revenue for the year ended 31 December 2021 was approximately RM111.9 million, an increase from RM76.7 million in 2020, primarily from outsourced document management services and enterprise software solutions[27] - The profit for the year ended 31 December 2021 amounted to approximately RM4.5 million, a turnaround from a loss of approximately RM5.1 million in 2020[36] - The net profit attributable to equity holders was approximately RM2.7 million in 2021, compared to a net loss of approximately RM5.1 million in 2020[15] Assets and Equity - Total assets increased by 10.2% to RM 117,162,000 from RM 106,321,000[5] - Total equity attributable to equity holders of the Company rose by 5.2% to RM 85,147,000 from RM 80,917,000[5] - Cash and bank balances increased to RM66.3 million as at 31 December 2021, up from RM40.8 million in 2020[36] - The Group's reserves available for distribution to shareholders amounted to approximately RM29.8 million as of December 31, 2021, down from RM39.2 million in 2020[100] Financial Ratios - Current ratio decreased by 15.4% to 5.3 from 6.2[5] - Gearing ratio improved to 18.4% from 22.8%[5] - Return on equity was 3.2%, a turnaround from a negative 6.3% in the previous year[5] Revenue Sources - Revenue from outsourced document management services increased from approximately RM74.4 million in 2020 to approximately RM81.2 million in 2021[13] - Revenue from enterprise software solutions rose from approximately RM2.3 million in 2020 to approximately RM5.1 million in 2021[13] - Revenue from outsourced insurance risk analysis and marketing services accounted for approximately 22.9% of total revenue in 2021, amounting to RM25.6 million, mainly due to a newly acquired subsidiary in the PRC[27] Operational Developments - The Group acquired approximately 51% of the equity interest in Qingdao Yongbao, which is engaged in outsourced insurance risk analysis and marketing services in China, to capitalize on the growing demand for online insurance services in the PRC[18] - The Group is upgrading its IT infrastructure and expanding capacity to host the Streamline Suite in a new Tier 3 Data Centre facility in Malaysia[21] - The Group's document management services include electronic document delivery, document print and mail fulfillment, and document imaging and scanning services[21] Strategic Initiatives - The Group aims to proactively prepare and adapt its solutions to respond to market changes and lay the foundation for future innovation and growth[18] - The Group plans to pursue strategic acquisitions to enhance market presence and profitability[23] - The Group's future strategies include increasing visibility and operational efficiency through obtaining Multimedia Super Corridor (MSC) status in Malaysia[23] Human Resources - The total remuneration cost for employees amounted to approximately RM11.3 million for the year ended December 31, 2021, compared to approximately RM10.6 million in 2020[48] - The Group offers financial subsidies for external training to selected high-potential employees to encourage staff development[176] Governance and Compliance - The Company has confirmed compliance with disclosure requirements regarding related party transactions, which are fully exempted under Chapter 14A of the Listing Rules[111] - The Company has maintained compliance with all relevant regulations regarding connected transactions throughout the reporting period[111] - The Directors confirmed that there was no material breach of or non-compliance with applicable laws and regulations during the year ended December 31, 2021[161] Environmental and Social Responsibility - The Group's commitment to environmental sustainability includes promoting digital solutions to reduce paper usage and adopting sustainable printing options[171] - The Group has implemented internal policies to reduce energy consumption, including installing energy-efficient lighting and using automatic power shutdown systems[172] Market Risks - The Group's procurement and sales heavily rely on a small number of customers and suppliers, indicating potential risks in supply chain and revenue stability[163] - The Group's credit risk exposure includes two customers accounting for 53% of total net trade receivables, necessitating ongoing monitoring and action for long outstanding debts[94] Future Outlook - The Group will closely monitor market situations and update its business plans as needed to ensure business continuity and reduce the impact caused by COVID-19[95] - The expected timeline for utilizing the net proceeds has been extended to December 2023 for several purposes, including acquiring and converting an existing building into a data center[58]

Company Overview - C-Link Squared Limited is a Malaysia-based provider of outsourced document management services and related software applications[7]. - The company offers services including electronic document delivery, document print and mail fulfillment, and document imaging and scanning services[11]. - The company has developed proprietary software applications since around 2005, focusing on digital transformation and outsourced services for various industries[8]. - The outsourced document management services industry has rapidly evolved with internet technology, prompting the company to adapt its business model accordingly[9]. - The company is incorporated in the Cayman Islands and has its principal place of business in Malaysia[70]. Service Offerings - There is an increasing demand for the company's Streamline Electronic Document Warehouse (EDW) due to the global adoption of Software as a Service (SaaS) solutions[10]. - The Streamline EDW allows customers to host documents in the company's data center and access them over the internet[12]. - Most of the company's customers are financial institutions, necessitating that the Streamline EDW services be hosted in a Tier 3 data center[10]. - The company aims to enhance its service offerings under the Streamline Suite applications for more efficient document processing and electronic delivery[9]. - The company is positioned to benefit from the digitalization trend in the document management services industry[12]. Financial Performance - Total revenue for the six months ended June 30, 2021, was approximately RM45.4 million, an increase from RM37.7 million for the same period in 2020, primarily from outsourced document management services and enterprise software solutions[22]. - Revenue from outsourced document management services represented approximately 95.4% of total revenue for the six months ended June 30, 2021, compared to 96.5% for the same period in 2020[23]. - Revenue from outsourced document management services increased by approximately RM6.9 million or 19.0% from RM36.4 million for the six months ended June 30, 2020, to RM43.3 million for the same period in 2021[23]. - Revenue from enterprise software solutions represented approximately 4.6% of total revenue for the six months ended June 30, 2021, up from 3.5% in 2020[25]. - Revenue from enterprise software solutions increased by approximately RM0.8 million or 55.7% from RM1.3 million for the six months ended June 30, 2020, to RM2.1 million for the same period in 2021[25]. Cost and Profitability - Cost of sales increased by approximately RM7.0 million or 25.0% from approximately RM28.2 million for the six months ended June 30, 2020, to approximately RM35.2 million for the six months ended June 30, 2021[29]. - Gross profit increased by approximately RM0.6 million or 6.3% to approximately RM10.1 million for the six months ended June 30, 2021, while gross profit margin decreased by approximately 3.0% to approximately 22.3%[30]. - Profit before tax amounted to approximately RM3.7 million for the six months ended June 30, 2021, compared to a loss before tax of approximately RM0.9 million for the same period in 2020[35]. - Profit for the period amounted to approximately RM1.9 million for the six months ended June 30, 2021, compared to a loss of approximately RM2.4 million for the same period in 2020[37]. Cash Flow and Liquidity - Net cash flows generated from operating activities for the six months ended June 30, 2021, were RM3,720,000, compared to a net cash outflow of RM22,911,000 in the same period of 2020[68]. - Cash and cash equivalents at the end of the period were RM27,253,000, slightly up from RM27,086,000 at the end of the same period in 2020[69]. - The Group's cash and bank balances were approximately RM46.8 million as of June 30, 2021, an increase from approximately RM40.8 million as of December 31, 2020[38]. - The current ratio was around 7.3 times as of June 30, 2021, up from approximately 6.2 times as of December 31, 2020[42]. Strategic Initiatives - The Group aims to expand its data processing and technical capacity by building a new Tier 3 data center and enhancing its outsourced document management services[14]. - The Group plans to strengthen its technical operation support team and expand its research and development team for new applications within its Streamline Suite[14]. - The Group intends to pursue strategic acquisitions and business opportunities to expand its market presence locally and regionally[14]. - The Group plans to allocate 7.8% of the net proceeds, approximately HK$5.7 million, for potential strategic acquisitions and business opportunities[59]. Shareholder Information - The total number of shares issued as of June 30, 2021, was 800,000,000[102]. - The company has an authorized share capital of 1,500,000,000 ordinary shares with a par value of HK$0.01, unchanged from December 31, 2020[95]. - The weighted average number of ordinary shares in issue during the period was 800,000,000, an increase from 704,395,604 ordinary shares in the previous year[90]. - Jupiter Rain Company Limited holds 240,000,000 shares, representing 30% of the total 800,000,000 shares issued as of June 30, 2021[110]. Governance and Compliance - The company has complied with all applicable Code Provisions of the Corporate Governance Code since the Listing Date up to June 30, 2021, except for the separation of roles between chairman and chief executive[113]. - The Audit Committee has reviewed the unaudited condensed consolidated interim financial information for the six months ended June 30, 2021, and found it compliant with relevant accounting standards[116]. - The company has adopted the Model Code for Securities Transactions by Directors and confirmed compliance since the listing date up to June 30, 2021[109].

Financial Performance - Revenue for 2020 was RM 76,719,000, representing a 7.3% increase from RM 71,526,000 in 2019[3] - Gross profit decreased by 35.2% to RM 19,185,000 from RM 29,622,000 in 2019[3] - Profit before tax fell significantly by 96.3% to RM 704,000 compared to RM 19,015,000 in the previous year[3] - The company reported a loss for the year of RM 5,065,000, a decline of 138.8% from a profit of RM 13,053,000 in 2019[3] - Basic and diluted loss per share was RM 0.67, down 130.7% from earnings of RM 2.18 per share in 2019[3] - Total revenue for the years ended December 31, 2019, and December 31, 2020, was approximately RM71.5 million and RM76.7 million, respectively, primarily from outsourced document management services and enterprise software solutions[42] - Revenue from outsourced document management services represented approximately 90.2% and 97.0% of total revenue for the years ended December 31, 2019, and December 31, 2020, respectively, with an increase of RM9.9 million or 15.4% from RM64.5 million to RM74.4 million[42] - Revenue from enterprise software solutions decreased by approximately RM4.8 million or 67.5% from RM7.0 million for the year ended December 31, 2019, to RM2.3 million for the year ended December 31, 2020[45] Assets and Equity - Total assets increased by 51.2% to RM 106,321,000 from RM 70,234,000 in 2019[4] - Shareholders' equity rose by 68.6% to RM 80,917,000 compared to RM 47,992,000 in 2019[4] Ratios and Financial Health - The current ratio decreased by 17.3% to 6.2 times from 7.5 times in 2019[4] - The gearing ratio improved to 22.8% from 34.1% in the previous year, a decrease of 11.3%[4] - Return on equity was reported at (6.3)%, a decline of 33.5% from 27.2% in 2019[4] Operational Challenges and Opportunities - The COVID-19 pandemic has created challenges but also opportunities for the Company to increase market share by providing superior services[26] - The Company anticipates a rapid shift in financial organizations towards omni-channel interactions and automation to enhance business processes post-COVID-19[26] - The management team is committed to aligning the Company's digital strategy with the urgent technological changes prompted by the COVID-19 crisis[26] - The Group's established and loyal customer base, along with proprietary technology, are key competitive advantages that distinguish it from competitors[17] Technology and Infrastructure Development - The Company aims to increase investment in technology to enhance its technology platform and achieve business goals following its successful listing on the Main Board of the Stock Exchange on March 27, 2020[16] - As of December 31, 2020, the Group allocated approximately RM6.2 million (equivalent to approximately HK$12.0 million) for the design and project management of a new Tier 3 data center[35] - The Group aims to enhance its document hosting capability and expand its outsourced document management services through the new Tier 3 data center in Cyberjaya, Malaysia[35] - The Group plans to expand its data processing and technical capacity by building the new Tier 3 data center and strengthening its technical operation support team[38] Market Strategy and Growth Plans - The Group intends to increase its market presence locally and regionally, focusing on maintaining relationships with existing customers and capturing new customers in Malaysia and Singapore[38] - The Group aims to pursue strategic acquisitions and business opportunities to enhance its market share[38] - The company anticipates that the acceleration of digitalization and automation in financial organizations will create opportunities in online healthcare, education, business, and financial SaaS post-COVID-19[43] Administrative and Operational Costs - Administrative expenses rose by approximately RM9.3 million or 90.2% from RM10.3 million in 2019 to RM19.5 million in 2020, attributed to listing expenses and increased administrative staff costs[51] - The significant increase in postage costs charged by the Malaysian national postal service provider was a primary factor for the rise in cost of sales[46] Employee and Management Information - The Group had approximately 171 employees as of December 31, 2020, down from 181 employees in the previous year[66] - The Company has a diverse senior management team, including Mr. F Ling and Mr. W Ling, with extensive experience in their respective fields[90] - The Company emphasizes compliance and governance through its experienced company secretary and board members[89] Compliance and Governance - The Company confirms compliance with disclosure requirements regarding related party transactions as per Chapter 14A of the Listing Rules[134] - The Board of Directors is committed to providing transparent and accurate financial reporting to stakeholders[92] Environmental and Social Responsibility - The Group is committed to environmental sustainability by promoting digital solutions and adopting sustainable printing options, such as using recycled paper and energy-efficient equipment[190] - The Group has implemented internal policies to reduce its carbon footprint, including energy-efficient lighting and automatic power shutdown systems[191] Shareholder Information - The Company declared a dividend of RM13.00 million on March 12, 2020, which was paid on March 14, 2020, with no final dividend recommended for the year ended December 31, 2020[103] - As of December 31, 2020, the Company's reserves available for distribution to shareholders amounted to approximately RM39.2 million, with no distributable reserves as of December 31, 2019[112]

Company Overview - C-Link Squared Limited is a Malaysian-based outsourced document management services provider, offering services such as electronic document delivery and document imaging[8]. - The company has developed proprietary software applications since around 2005, focusing on digital transformation and providing outsourced services for various industries[9]. - The outsourced document management services industry has rapidly evolved with internet technology, prompting the company to continuously update its service offerings under the Streamline Suite applications[10]. Financial Performance - Total revenue for the six months ended June 30, 2020, was approximately RM37.7 million, compared to RM37.1 million for the same period in 2019, reflecting a growth of 1.6%[20]. - Revenue from outsourced document management services increased by approximately RM3.4 million or 10.3%, from RM33.0 million for the six months ended 30 June 2019 to RM36.4 million for the six months ended 30 June 2020[23]. - Revenue from enterprise software solutions decreased by approximately RM2.8 million or 67.5%, from RM4.1 million for the six months ended 30 June 2019 to RM1.3 million for the six months ended 30 June 2020[23]. - Gross profit decreased by approximately RM5.6 million or 37.1%, from RM15.1 million for the six months ended 30 June 2019 to RM9.5 million for the six months ended 30 June 2020[24]. - The loss before tax amounted to approximately RM0.9 million for the six months ended 30 June 2020, compared to a profit before tax of approximately RM9.5 million for the same period in 2019, primarily due to a decrease in gross profit and an increase in administrative expenses[27]. - The loss for the period amounted to approximately RM2.4 million for the six months ended 30 June 2020, compared to a profit of approximately RM6.5 million for the same period in 2019, mainly due to the decrease in gross profit and increased administrative expenses[27]. Operational Developments - The Group allocated approximately RM6.6 million from internal resources for the design and project management of a new Tier 3 data center, which has been put on hold due to COVID-19[14]. - The Group plans to expand its data processing and technical capacity by building a new Tier 3 data center to enhance outsourced document management services and enterprise software solutions[16]. - The COVID-19 pandemic has delayed negotiations for land acquisition for the new data center, which could only commence in the second half of 2020[20]. - The Group is exploring appropriate strategic acquisitions and business opportunities to expand its market presence regionally[16]. Financial Position - Total loans and borrowings of the Group amounted to approximately RM20.0 million as at 30 June 2020, representing an increase of approximately RM3.6 million or 22.0% compared to RM16.4 million as at 31 December 2019[30]. - The Group maintained a current ratio of around 8.1 times as at 30 June 2020, compared to approximately 7.5 times as at 31 December 2019, indicating a solid financial position[30]. - As of June 30, 2020, the Group's gearing ratio was approximately 23.4%, down from 34.1% as of December 31, 2019, due to an increase in total equity from the Share Offer[32]. - The total equity as of June 30, 2020, was RM 85,507,000, with retained earnings of RM 27,785,000[53]. Share Capital and Dividends - The Group issued a total of 200,000,000 shares at HK$0.63 each, raising net proceeds of approximately HK$73.7 million after deducting related expenses[41]. - The Group did not recommend the distribution of any interim dividend for the six months ended June 30, 2020, consistent with the previous year[27]. - The company declared a special tax-exempt dividend of RM13,000,000 on March 12, 2020, equivalent to RM65,000 per share[81]. Employee and Management Information - As of June 30, 2020, the Group had approximately 176 employees, an increase from 171 employees in the same period in 2019[34]. - Key management personnel remuneration for the six months ended June 30, 2020, totaled RM1,540,000, compared to RM1,156,000 for the same period in 2019[98]. Customer Base - The Group's revenue from external customers for the six months ended 30 June 2020 was RM 37,600,000, with a total revenue contribution from the top 5 customer groups amounting to RM 26,941,000, representing 71.5% of total revenue[60]. - Major customers included Bank Group A with RM 8,439,000 (22.4%), Bank Group B with RM 6,743,000 (17.9%), and Bank Group C with RM 4,309,000 (11.4%) for the six months ended 30 June 2020[60]. Compliance and Governance - The company has complied with all applicable Code Provisions of the Corporate Governance Code since the Listing Date up to June 30, 2020, except for the separation of roles between chairman and CEO[118][119]. - The Audit Committee reviewed the unaudited condensed consolidated interim financial information for the six months ended June 30, 2020, and found it compliant with relevant accounting policies[120].

Financial Performance - Revenue for the year ended December 31, 2019, was RM 71,526,000, representing a 6.6% increase from RM 67,095,000 in 2018[2] - Gross profit increased by 10.8% to RM 29,622,000 in 2019, up from RM 26,733,000 in 2018[2] - Profit before income tax expense rose by 14.4% to RM 19,015,000 compared to RM 16,615,000 in the previous year[2] - Profit for the year, excluding listing expenses, was RM 16,593,000, a 5.0% increase from RM 15,804,000 in 2018[2] - The Group recorded a revenue increase of 6.6% from approximately RM67.1 million in 2018 to approximately RM71.5 million in 2019[11] - Gross profit increased by approximately RM2.9 million or 10.8%, from approximately RM26.7 million in 2018 to approximately RM29.6 million in 2019, with a gross profit margin rise from 39.8% to 41.4%[11] - Profit for the year increased by approximately RM1.3 million or 10.8%, from approximately RM11.8 million in 2018 to approximately RM13.1 million in 2019, despite one-off listing expenses totaling approximately RM26.6 million[12] - Revenue increased by approximately RM4.4 million or 6.6% from RM67.1 million in 2018 to RM71.5 million in 2019[22] - Net profit rose by approximately 10.8% from RM11.8 million in 2018 to RM13.1 million in 2019[22] Assets and Liabilities - Total assets increased by 16.6% to RM 70,234,000 in 2019 from RM 60,244,000 in 2018[2] - Current ratio improved to 7.5 times in 2019 from 5.3 times in 2018, indicating better liquidity[2] - Gearing ratio decreased to 34.1% from 52.7%, reflecting a reduction in debt levels[2] - Net current assets increased from approximately RM34.6 million as at 31 December 2018 to approximately RM46.6 million as at 31 December 2019, an increase of approximately 34.8%[45] - Current liabilities increased from RM2,042 thousand as of 31 December 2018 to RM2,189 thousand as of 31 December 2019, with bank loans rising from RM1,975 thousand to RM2,118 thousand[64] - Non-current liabilities decreased from RM16,736 thousand as of 31 December 2018 to RM14,504 thousand as of 31 December 2019, with bank loans decreasing from RM16,431 thousand to RM14,270 thousand[64] Shareholder Information - Shareholders' equity grew by 37.4% to RM 47,992,000 compared to RM 34,939,000 in the previous year[2] - Basic and diluted earnings per share increased to 2.2 cents from 2.0 cents, marking a 10.8% rise[2] - The company issued a total of 200,000,000 shares at HK$0.63 each on March 26, 2020, and was listed on the Main Board of the Stock Exchange on March 27, 2020[105] - The company allotted and issued 599,999,800 ordinary shares credited as fully paid at par to two entities on March 27, 2020, as part of a capitalization of HK$5,999,998 from the share premium account[105] - As of December 31, 2019, the company had 800,000,000 shares issued[148] Strategic Plans and Market Position - The Group aims to upgrade its IT infrastructure and expand capacity to host the Streamline Electronic Document Warehouse (EDW) through SaaS in a Tier 3 data center in Cyberjaya, Malaysia[15] - The Group plans to leverage the COVID-19 pandemic as an opportunity to increase market share by providing essential services effectively during the Movement Control Order[18] - The adoption of SaaS for software application solutions is expected to increase demand for the Group's services from existing and new customers[14] - The company plans to expand its data processing and technical capacity by building a new data center[23] - The company aims to strengthen relationships with existing customers and capture new customers in Malaysia and Singapore[23] - The company intends to pursue strategic acquisitions and business opportunities to enhance market presence[23] Governance and Management - The Group has established a governance structure with independent directors overseeing key appointments and performance accountability[102] - The Board will continue to review and consider splitting the roles of chairman and chief executive officer at an appropriate time[74] - Mr. Lee Yan Kit has been appointed as an Independent Non-Executive Director since March 11, 2020, and is a member of the Audit, Remuneration, and Nomination Committees[90] - Ms. Eugenia Yang was appointed as an Independent Non-Executive Director on March 11, 2020, and has served on multiple committees including Audit and Remuneration[97] Compliance and Risk Management - The Group complied with all relevant Malaysian laws and regulations regarding intellectual property, with no claims or litigation related to intellectual property rights during 2019[185] - The Group adhered to all Malaysian employment laws, including the Employment Act 1955 and the Minimum Wages Order 2020, without incurring penalties or experiencing significant disputes with employees[187] - The Group's compliance with taxation laws included the Income Tax Act 1967 and the Goods and Services Tax 2014, with efforts to enhance staff understanding of applicable tax regulations[187] - The Group's operations are governed by significant laws and regulations, with no material breaches reported during the year ended December 31, 2019[184] - The Group's risk management policy aligns with Bank Negara Malaysia's expectations regarding technology and risk management frameworks[184] Employee Information - The total remuneration cost for employees amounted to RM8.5 million for the year ended December 31, 2019, a decrease from RM9.4 million in the previous year[79] - The Group had approximately 181 employees as of December 31, 2019[79] - The Group offers on-the-job training and financial subsidies for external training to selected high-potential employees[190] Environmental and Social Responsibility - The Group's operations do not have any material adverse impact on the environment, and it is committed to environmental sustainability by promoting digital solutions and using recycled paper[188] - The Group has implemented internal policies to reduce its carbon footprint, including energy-efficient lighting and automatic power shutdown systems[188]