Hong Kong Exchanges and Clearing Limited 香港交易及結算所有限公司及香港聯 and The Stock Exchange of Hong Kong Limited 合交易所有限公司對本公告的內容概 take no responsibility for the contents of this 不負責，對其準確性或完整性亦不發 announcement, make no representation as to its 表任何聲明，並明確表示，概不對因本 accuracy or completeness and expressly disclaim 公告全部或任何部份內容而產生或因 any liability whatsoever for any loss howsoever 倚賴該等內容而引致的任何損失承擔 arising from or in reliance upon the whole or any 任何責任。 part of the contents of this announcement. Minshang Creative Technology Holdi ...

Revenue Performance - Revenue decreased by approximately HK$837.5 million, from HK$872.4 million for the six months ended September 30, 2021, to HK$34.9 million for the current period[10]. - Revenue from restaurant operations decreased by 24%, or HK$8.9 million, from HK$36.9 million for the last corresponding period to HK$28.0 million for the current period[12]. - Revenue from the trading business decreased by 100%, or HK$832.4 million, from HK$832.4 million for the last corresponding period to nil for the current period[15]. - The decline in revenue was attributed to decreased operations in both the trading and restaurant businesses, as well as a reduction in the number of operating restaurants[10]. - The Group's restaurant revenue decline was also due to fierce competition in the food and beverage industry[12]. Business Operations and Challenges - The trading business slowdown was influenced by a change in the major shareholder of the largest customer and ongoing COVID-19 outbreaks in various cities in the PRC[15]. - The Group's trading business faced challenges due to adverse effects on supply chains and logistics operations caused by COVID-19 quarantine measures[15]. - The Hong Kong Government's gradual loosening of COVID-19 measures since April 2022 positively impacted the food and beverage sector, although market sentiment remained negative[12]. - The group faces challenges due to uncertainties in global economic recovery and COVID-19 control measures in Hong Kong, impacting business operations[77]. - The trading business will continue to be developed despite the economic challenges posed by the pandemic[81]. IT Solutions and Revenue Growth - The Group's IT solution business includes Software-as-a-Service (SaaS) and membership benefits solution services, which are provided in the PRC[8]. - The revenue of the IT solution business increased by 119.1%, or HK$3.7 million, from HK$3.2 million for the Last Corresponding Period to HK$6.9 million for the Period[17]. - The cost of revenue from the IT solution business decreased by 42.6%, or HK$3.6 million, from HK$8.6 million for the Last Corresponding Period to HK$5.0 million for the Period[21]. - The digital economy is a major trend, and the company will enhance its IT solution business to improve user experience and loyalty[82]. - The company is focused on optimizing its IT solutions to create value-added benefits for enterprises across various industries[82]. Financial Position and Assets - As of September 30, 2022, the Group's cash and cash equivalents were HK$24.4 million, an increase of 2.4% from HK$23.8 million as of March 31, 2022[38]. - The Group's total current assets and current liabilities were HK$89.0 million and HK$24.1 million, respectively, with a current ratio of approximately 3.7 times as of September 30, 2022, compared to 2.5 times as of March 31, 2022[38]. - The gearing ratio of the Group was 0% as of September 30, 2022, down from 0.1% as of March 31, 2022, indicating a net cash position[38]. - Total assets as of September 30, 2022, amounted to HK$204,799,000, an increase from HK$198,638,000 as of March 31, 2022[173]. - Total liabilities decreased to HK$32,411,000 as of September 30, 2022, down from HK$40,235,000 as of March 31, 2022, reflecting a reduction of 19.4%[177]. Employee and Operational Costs - The Group's staff costs decreased by 6.3%, or HK$0.7 million, from HK$11.4 million for the Last Corresponding Period to HK$10.7 million for the Period[22]. - The cost of food and beverages decreased by 21.4%, or HK$2.2 million, from HK$10.2 million for the Last Corresponding Period to HK$8.0 million for the Period[19]. - The Group's property rentals and related expenses decreased by 17.6%, or HK$1.5 million, from HK$8.5 million for the Last Corresponding Period to HK$7.0 million for the Period[23]. - Employee benefit expenses decreased to HK$10,685,000, down from HK$11,402,000 in the previous year[152]. Acquisitions and Investments - The Group agreed to acquire 100% equity interests in Context Image Holdings Limited for a maximum consideration of HK$114.2 million, to be settled through the issuance of consideration shares[46]. - The acquisition of Context Image Holdings Limited was completed on 22 June 2022 for a maximum consideration of HKD114,236,118[48]. - The acquisition will be settled through the issuance of up to 171,783,636 consideration shares at a price of HKD0.665 per share[48]. - The Group's investment in new supply chain business was allocated HK$10 million from the unutilized proceeds[42]. Future Plans and Market Strategy - The company aims to become Hong Kong's leading full-service casual dining chain, supported by an efficient supply chain and diversified operations[75]. - The company aims to create a diversified and integrated group with food and beverage as the core business while exploring e-commerce opportunities[66]. - The group plans to maintain market share by replacing closed restaurants and opening new Vietnamese-style casual dining locations[80]. - The company will broaden its cuisine offerings to capture a larger market share, including full-menu Vietnamese and French-Vietnamese restaurants[80]. - Upgrading information technology systems is a priority to support future expansion and growth[80]. Compliance and Governance - The company has complied with all applicable code provisions of the Corporate Governance Code during the period, except for a deviation regarding the roles of chairman and chief executive[138]. - All directors confirmed compliance with the Model Code for Securities Transactions during the period[142]. - No director had interests in any competing business during the period[145]. - The company has maintained a sufficient public float of at least 25% of the issued shares throughout the period, in compliance with the Listing Rules[134]. Losses and Financial Results - The loss attributable to the shareholders of the Company was approximately HK$3.1 million for the Period compared to a loss of approximately HK$0.7 million for the Last Corresponding Period[34]. - Total comprehensive loss for the period was HK$6,500,000, compared to a loss of HK$195,000 in the same period last year[162]. - Loss before income tax was HK$3,376,000, significantly higher than the loss of HK$538,000 in the previous year[152]. - Basic and diluted loss per share attributable to shareholders was HK$0.11, compared to HK$0.09 in the same period last year[168]. - The company reported a loss for the period of HK$3,052,000 for the six months ended September 30, 2022, compared to a loss of HK$752,000 for the same period in 2021[180].

民商創科 Minshang Creative Technology Holdings Limited 民商 創 科 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability 於開曼群島註冊成立的有限公司) (Stock Code 股份代號：1632) INTERIM REPORT 中期報告 つ CONTENTS 目錄 Corporate Information 2 公司資料 Management Discussion and Analysis 4 管理層討論及分析 Other Information 14 其他資料 Condensed Consolidated Interim Statement of Comprehensive Income 20 簡明綜合中期全面收益表 Condensed Consolidated Interim Statement of Financial Position 22 簡明綜合中期財務狀況表 Condensed Consolidated Interim Statement of Changes ...

民商創科 Minshang Creative Technology Holdings Limited | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------|-------|-------|-------|-------| | | | | | | | (Incorporated in the Cayman Islands with limited liability 於開垦群島註冊成立的有限公司) (Stock Code 股份代號：1632) | | | | | | 5096 | | | | | | | | | | | 8 (0 Contents 目錄 Contents 目錄 | --- | --- | |------------------------------------------------|----------------------| | | | | ...

民商創科 Minshang Creative Technology Holdings Limited 民商創科控股有限公司 (Incorporated in the Cayman Islands with limited liability 於開曼群島註冊成立的有限公司) (Stock Code 股份代號：1632) INTERIM REPORT 20 perminumumum in CONTENTS 目錄 Corporate Information 2 公司資料 Management Discussion and Analysis 4 管理層討論及分析 Other Information 15 其他資料 Condensed Consolidated Interim Statement of Comprehensive Income 21 簡明綜合中期全面收益表 Condensed Consolidated Interim Statement of Financial Position 23 簡明綜合中期財務狀況表 Condensed Consolidated Interim Statement of Cha ...

民商創科 Minshang Creative Technology Holdings Limited 民商創科控股有限公司 (Incorporated in the Cayman Islands with limited liability 於開曼群島註冊成立的有限公司) (Stock Code 股份代號：1632) Annual Report Contents 目錄 Contents 目錄 I | --- | --- | |------------------------------------------------|----------------------| | | | | Corporate Information | 公司資料 | | Chairman's Statement | 主席報告 | | Management Discussion and Analysis | 管理層討論及分析 | | Biographies of Directors and Senior Management | 董事及高級管理層履歷 | | Corporate Governance Report | 企業管治報告 ...

民商創科 Minshang Creative Technology Holdings Limited | --- | --- | --- | --- | |------------------------------------------------------------------------------------------|-------|-------|-------| | | | | | | 民商創科控股有限公司 | | | | | (Incorporated in the Cayman Islands with limited liability 於開曼群島註冊成立的有限公司) | | | | | (Stock Code 股份代號：1632) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | CONTENTS 目錄 Corporate Information 2 公司資料 Management Discussion and Analysis 4 管理層討論及分析 Other Information 16 其他資料 Conden ...

| --- | --- | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------| | | | | | | | 民 商 創 科 控 股 有 限 公 司 (formerly known as Food Wise Holdings Limited 前稱為膳源控股有限公司) (Incorporated in the Cayman Islands with limited liability 於飼曼群島註冊成立的有限公司) | | | | | | | | | Ar | | | | Contents 目錄 | --- | --- | --- | |--------------------------------------- ...