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佈的內容概不 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 佈 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。 SHEUNG YUE GROUP HOLDINGS LIMITED 上諭集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1633） 有 關 遞交過戶文件 以符合出席股東週年大會資格之 最後限時的 補充公告 於 本 公 佈 日 期，董 事 會 包 括 執 行 董 事 陳 立 緯 先 生（主 席）、陳 立 銓 先 生 及 陳 千 瑩 女 士；及 獨 立 非 執 行 董 事 李 漢 雄 先 生 銅 紫 荊 星 章，榮 譽 勳 章，太 平 紳 士 、鄭 志 洪 先 生 及 黃 業 光 先 生。 茲 提 述 於 二 零 二 五 年 七 月 三 十 一 日 由 上 諭 集 團 控 股 有 限 公 司（「本公司」）刊 發 有 關 本 公 司 將 於 二 零 二 五 年 八 月 二 十 七 日（星 期 三）下 午 三 時 舉 行 之 股 東 週 年 ...

SHEUNG YUE GROUP HOLDINGS LIMITED 上諭集團控股有限公司 (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：1633） NOTIFICATION LETTER 通知信函 Dear Non-registered Shareholder(s)(Note 1) , 31 July 2025 Sheung Yue Group Holdings Limited (the "Company") - Notice of publication of Annual Report 2025, Circular dated 31 July 2025 and Notice of Annual General Meeting (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications ...

SHEUNG YUE GROUP HOLDINGS LIMITED 上諭集團控股有限公司 (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：1633） NOTIFICATION LETTER 通知信函 Dear Registered Shareholders. 31 July 2025 It is the responsibility of registered shareholders to provide a functional email address. If you have not provided your email address to the Company or need to update your email address, the Company recommends you to provide your email address by completing, signing the enclosed Reply Form and ret ...

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佈的內容概不 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 佈 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。 SHEUNG YUE GROUP HOLDINGS LIMITED 上諭集團控股有限公司 （於開曼群島註冊成立的有限公司） 誠 如 該 通 告 所 述，股 東 週 年 大 會 將 於 二 零 二 五 年 八 月 二 十 七 日（星 期 三）召 開 並 舉 行。 本 公 司 將 於 二 零 二 五 年 八 月 二 十 二 日（星 期 五）起 至 二 零 二 五 年 八 月 二 十 七 日 （星 期 三）止（包 括 首 尾 兩 天）暫 停 辦 理 股 東 登 記 手 續，以 釐 定 有 權 出 席 預 定 於 二 零 二 五 年 八 月 二 十 七 日（星 期 三）舉 行 的 股 東 週 年 大 會 並 於 會 上 投 票 的 股 東 身 份。為 符 合 資 格 出 席 股 東 週 年 大 會，所 有 填 妥 的 股 份 過 戶 表 格 連 同 相 關 ...

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通告的內容概不 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 通 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。 SHEUNG YUE GROUP HOLDINGS LIMITED 上諭集團控股有限公司 特別事項 4. 考 慮 並 酌 情 通 過 下 列 決 議 案（無 論 是 否 經 修 訂）為 普 通 決 議 案： 「動 議： – 2 – （於開曼群島註冊成立的有限公司） （股份代號：1633） 股東週年大會通告 茲通告 上 諭 集 團 控 股 有 限 公 司（「本公司」）將 於 二 零 二 五 年 八 月 二 十 七 日（星 期 三） 下午三時正假座香港九龍尖沙咀東部科學館道9號新東海商業中心1樓103–105 室 舉 行 股 東 週 年 大 會（「股東週年大會」），藉 以 處 理 下 列 事 項： 普通事項 – 1 – 1. 省覽並採納截至二零二五年三月三十一日止年度的本公司經審核綜合財 務 報 表、董 事 會 報 告 及 獨 立 核 數 師 報 告。 ...

此乃要件 請即處理 閣下如對本通函任何內容或將採取的行動有任何疑問，應諮詢 閣下的股票經紀或其他註冊證券 交易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已出售或轉讓名下所有上諭集團控股有限公司的股份，應立即將本通函連同隨附的代表委 任表格送交買主或承讓人，或經手買賣的銀行、股票經紀或其他代理商，以便轉交買主或承讓 人。 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通函的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本通函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。 SHEUNG YUE GROUP HOLDINGS LIMITED 上諭集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1633） 發行股份及出售庫存股及 購回股份的一般授權、 重選退任董事、 續聘核數師、 建議修訂細則 及 股東週年大會通告 上諭集團控股有限公司謹訂於二零二五年八月二十七日（星期三）下午三時正假座香港九龍尖沙咀 東部科學館道9號新東海商業中心1樓103–105室召開股東週年大會，大會通告載於本通函第45至 50頁。無論 閣下是否有意出席大會， ...

目錄 | 公司資料 | 2 | | --- | --- | | 主席報告 | 3 | | 管理層討論及分析 | 4 | | 董事及高級管理層履歷 | 8 | | 董事會報告 | 12 | | 企業管治報告 | 24 | | 環境、社會及管治報告 | 39 | | 獨立核數師報告 | 57 | | 綜合損益及其他全面收益表 | 63 | | 綜合財務狀況表 | 64 | | 綜合權益變動表 | 66 | | 綜合現金流量表 | 67 | | 綜合財務報表附註 | 69 | | 五年財務概要 | 134 | SHEUNG YUE GROUP HOLDINGS LIMITED 2025 年 報 公司資料 2 董事會 執行董事 陳立緯先生 陳立銓先生 陳千瑩女士 獨立非執行董事 李漢雄先生 銅紫荊星章、榮譽勳章、太平紳士 鄭志洪先生 黃業光先生 審核委員會 鄭志洪先生 李漢雄先生 銅紫荊星章、榮譽勳章、太平紳士 黃業光先生 薪酬委員會 長青（香港）會計師事務所有限公司 執業會計師 香港 灣仔 駱克道188號 兆安中心24樓 法律顧問 張岱樞律師事務所 主要往來銀行 香港上海滙豐銀行有限公司 東亞銀行有限公司 中國銀行 ...

[Financial Summary and Consolidated Financial Statements](index=2&type=section&id=Consolidated%20Financial%20Statements) [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) The Group shifted from profit to loss for the year ended March 31, 2025, with total revenue decreasing by 26.7% and a loss attributable to owners of HKD 9.652 million Summary of Annual Consolidated Statement of Profit or Loss | Indicator | 2025 (Thousand HKD) | 2024 (Thousand HKD) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Revenue | 264,770 | 361,257 | -26.7% | | Gross Profit | 18,982 | 31,248 | -39.3% | | Operating (Loss)/Profit | (3,950) | 9,808 | N/A | | (Loss)/Profit attributable to owners of the Company | (9,652) | 4,286 | N/A | | Basic (Loss)/Earnings Per Share (HK cents) | (1.41) | 0.63 | N/A | - An impairment loss on right-of-use assets of **HKD 5.19 million** was recognized this year, significantly contributing to the operating loss[3](index=3&type=chunk) [Consolidated Statement of Financial Position](index=3&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of March 31, 2025, the Group's total assets decreased from HKD 356 million to HKD 277 million, while net assets slightly declined by 5.3% to HKD 172 million, with a significant reduction in bank and other borrowings improving the capital structure Summary of Consolidated Statement of Financial Position | Indicator | 2025 (Thousand HKD) | 2024 (Thousand HKD) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Non-current Assets | 94,778 | 100,715 | -5.9% | | Current Assets | 181,941 | 255,602 | -28.8% | | **Total Assets** | **276,719** | **356,317** | **-22.3%** | | Current Liabilities | 103,570 | 171,414 | -39.6% | | Non-current Liabilities | 1,417 | 3,519 | -59.7% | | **Total Liabilities** | **104,987** | **174,933** | **-40.0%** | | **Net Assets (Total Equity)** | **171,732** | **181,384** | **-5.3%** | - Bank and other borrowings within current liabilities significantly decreased by **39.5%** from **HKD 106 million** to **HKD 64.15 million**, primarily driving the reduction in total liabilities[4](index=4&type=chunk) [Notes to the Consolidated Financial Statements](index=4&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) [General Information and Accounting Standards](index=4&type=section&id=2.%20General%20Information%20%26%20Accounting%20Standards) The Group, an investment holding company primarily engaged in foundation engineering in Hong Kong and Macau, prepares its financial statements under HKFRSs, with new standards having no significant impact this year, while the Board assesses the future impact of HKFRS 18 - The Group's core business involves providing foundation engineering services in Hong Kong and Macau, including piling, excavation and lateral support (ELS) works, pile cap construction, site formation, and ancillary services[5](index=5&type=chunk) - New and revised HKFRSs adopted this year had no significant impact on the Group's consolidated financial position and performance[8](index=8&type=chunk) - The Board is currently assessing the impact of HKFRS 18 'Presentation and Disclosure in Financial Statements', which will be effective in the future, on the consolidated financial statements[12](index=12&type=chunk)[13](index=13&type=chunk) [Segment Information](index=7&type=section&id=3.%20Segment%20Information) The Group operates as a single foundation engineering segment with all revenue derived from Hong Kong, exhibiting high customer concentration, with Customer A contributing HKD 79.51 million or approximately 30% of total revenue - The Group's chief operating decision-maker manages all operations as a single operating segment for resource allocation and performance assessment, thus no operating segment information is presented[15](index=15&type=chunk) - All of the Group's revenue and non-current assets are derived from Hong Kong[16](index=16&type=chunk) Major Customer Revenue Contribution (Over 10% of Total Revenue) | Customer | 2025 (Thousand HKD) | 2024 (Thousand HKD) | | :--- | :--- | :--- | | Customer A | 79,505 | 54,551 | | Customer B | 42,612 | Not Applicable | | Customer E | 31,886 | Not Applicable | | Customer C | Not Applicable | 166,955 | | Customer D | Not Applicable | 37,972 | [Revenue, Expenses and Profitability Analysis](index=7&type=section&id=4.%20Revenue%2C%20Expenses%20and%20Profitability%20Analysis) The Group shifted from operating profit to a loss of HKD 3.95 million this year, with major expenses including employee benefits of HKD 37.94 million and depreciation of property, plant and equipment of HKD 21.04 million, while finance costs slightly increased to HKD 5.7 million - The Group recognizes revenue from contract works over time in accordance with HKFRS 15[18](index=18&type=chunk) Key Items Affecting Operating (Loss)/Profit | Item | 2025 (Thousand HKD) | 2024 (Thousand HKD) | | :--- | :--- | :--- | | Depreciation of property, plant and equipment | 21,043 | 22,105 | | Depreciation of right-of-use assets | 5,252 | 6,963 | | Employee benefit expenses | 37,939 | 65,394 | | Finance costs | 5,702 | 5,522 | - Employee benefit expenses significantly decreased by **42%** year-on-year from **HKD 65.39 million** to **HKD 37.94 million**, primarily due to reduced salaries, benefits, and performance-related bonuses[21](index=21&type=chunk) [Dividends and Earnings Per Share](index=9&type=section&id=9.%20Dividends%20and%20Earnings%20Per%20Share) No dividends were paid or proposed for the current or prior year, and due to the shift from profit to loss, basic and diluted loss per share was **1.41 HK cents** compared to earnings of **0.63 HK cents** last year - The Board did not recommend the payment of any dividends for the year ended March 31, 2025, or subsequent to the reporting period[25](index=25&type=chunk)[59](index=59&type=chunk) Basic (Loss)/Earnings Per Share Calculation | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | (Loss)/Profit attributable to owners of the Company (Thousand HKD) | (9,652) | 4,286 | | Weighted average number of ordinary shares (Thousand Shares) | 684,750 | 684,750 | | **Basic and Diluted (Loss)/Earnings Per Share (HK cents)** | **(1.41)** | **0.63** | [Trade and Other Receivables & Payables](index=10&type=section&id=11.%20Trade%20and%20Other%20Receivables%20%26%20Payables) At year-end, total trade and other receivables significantly decreased from HKD 104 million to HKD 56.68 million, mainly due to reduced advances to subcontractors, while trade and other payables also declined from HKD 60.5 million to HKD 35.5 million - Total trade and other receivables decreased by **45.3%** year-on-year, primarily due to a reduction in advances to subcontractors from **HKD 85.41 million** to **HKD 19.69 million**[28](index=28&type=chunk)[45](index=45&type=chunk) - Trade receivables over 90 days significantly increased from **HKD 0.217 million** to **HKD 15.9 million**, indicating a potential extension in collection cycles[29](index=29&type=chunk) - Trade payables decreased by **60.2%** from **HKD 41.56 million** to **HKD 16.56 million**[31](index=31&type=chunk) [Management Discussion and Analysis](index=13&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review and Outlook](index=13&type=section&id=Business%20Review%20and%20Outlook) The Group, primarily engaged in foundation engineering in Hong Kong and Macau, holds 8 projects totaling approximately HKD 350 million, anticipating future demand from Hong Kong government infrastructure initiatives like the Northern Metropolis despite global economic uncertainties - As of March 31, 2025, the Group had **8 projects** on hand with a total contract value of approximately **HKD 350 million**, expected to be completed in the next financial year[34](index=34&type=chunk) - Management believes that significant government-led infrastructure projects in Hong Kong, such as the Northern Metropolis, will drive demand for construction and foundation engineering, creating a favorable development environment for the Group despite macroeconomic challenges[35](index=35&type=chunk) - The Board will remain vigilant, prudently evaluate potential business opportunities, and strive to drive business growth, diversify revenue streams, and maximize shareholder returns[36](index=36&type=chunk) [Financial Performance Review](index=13&type=section&id=Financial%20Performance%20Review) This year's financial performance significantly declined, with total revenue decreasing by **26.7%** due to fewer foundation engineering projects, gross margin falling from **8.6%** to **7.2%** due to lower project margins and increased subcontracting costs, resulting in a net loss of **HKD 9.652 million** compared to a net profit last year Summary of Financial Performance | Indicator | 2025 | 2024 | Change | | :--- | :--- | :--- | :--- | | Total Revenue (Thousand HKD) | 264,770 | 361,257 | -26.7% | | Gross Profit (Thousand HKD) | 18,982 | 31,248 | -39.3% | | Gross Margin | 7.2% | 8.6% | -1.4pp | | Net (Loss)/Profit (Thousand HKD) | (9,652) | 4,286 | Shifted from profit to loss | - The primary reason for the revenue decline was a reduction in the number of foundation engineering projects undertaken by the Group during the year[37](index=37&type=chunk) - The decrease in gross margin is attributable to lower gross profits from newly commenced projects and increased subcontracting costs[39](index=39&type=chunk) [Liquidity and Capital Management](index=15&type=section&id=Liquidity%20and%20Capital%20Management) The Group's financial position improved during the reporting period, with the gearing ratio significantly decreasing from **63.1%** to **40.5%** primarily due to reduced bank and other borrowings, leading to a more robust capital structure despite lower bank balances, with minimal foreign exchange risk as most transactions are HKD-denominated Liquidity and Capital Structure Indicators | Indicator | March 31, 2025 (Thousand HKD) | March 31, 2024 (Thousand HKD) | | :--- | :--- | :--- | | Bank Balances | 13,108 | 17,307 | | Interest-bearing Debts | 69,485 | 114,434 | | **Gearing Ratio** | **40.5%** | **63.1%** | - The improvement in the gearing ratio is primarily due to the reduction in bank and other borrowings and lease liabilities during the year[46](index=46&type=chunk) - Operating primarily in Hong Kong with most transactions denominated in HKD, the Directors consider foreign exchange risk not significant and have not entered into any hedging contracts[48](index=48&type=chunk) [Employees and Remuneration Policy](index=15&type=section&id=Employees%20and%20Remuneration%20Policy) In response to business scale reduction, the Group significantly streamlined its workforce from **161** to **43** employees, with total remuneration costs decreasing from **HKD 65.39 million** to **HKD 37.94 million**, while maintaining a competitive remuneration policy without significant labor issues Changes in Employees and Remuneration Costs | Indicator | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | Number of Employees | 43 | 161 | | Total Remuneration Costs (Thousand HKD) | 37,939 | 65,394 | [Corporate Governance and Other Information](index=16&type=section&id=Corporate%20Governance%20and%20Other%20Information) [Corporate Governance and Compliance](index=16&type=section&id=Corporate%20Governance%20and%20Compliance) The Group is committed to maintaining high corporate governance standards, complying with all applicable code provisions of Appendix C1 to the Listing Rules' Corporate Governance Code, and ensuring directors' securities transactions adhere to standards no less exacting than the Model Code - Neither the Company nor its subsidiaries have purchased, sold, or redeemed any of the Company's listed securities from the listing date up to the date of this announcement[53](index=53&type=chunk) - The Company has complied with all applicable code provisions set out in the Corporate Governance Code since its listing date[54](index=54&type=chunk) [Audit Committee and Dividend Policy](index=17&type=section&id=Audit%20Committee%20and%20Dividend%20Policy) The Audit Committee, comprising three independent non-executive directors, reviewed this year's results, and based on the annual loss and future funding needs, the Board does not recommend a final dividend, with the dividend policy subject to review considering operating results, cash flow, and capital requirements - The Audit Committee has reviewed the accounting principles and practices adopted by the Group and the annual results for the current year[57](index=57&type=chunk) - The Board does not recommend the payment of a final dividend for the current year[59](index=59&type=chunk) - The declaration of dividends is at the sole discretion of the Board, considering various factors including operating results, financial position, cash flow, and capital requirements[58](index=58&type=chunk)[61](index=61&type=chunk)

Group 1 - The company, 上谕集团, provides foundation engineering services in Hong Kong and Macau, with over 46 years of experience since 1970 [2] - The company is registered as a specialized contractor for foundation and site formation works with the Buildings Department and is included in the recognized contractor list for the Land Department [2] - The range of foundation engineering services includes pile construction, ELS engineering, pile cap construction, site formation, and supporting services such as load testing and machinery rental [2] Group 2 - As of September 30, 2024, the company reported total revenue of 121 million, a year-on-year decrease of 26.52%, and a net profit of 312,000, down 93.33% [1] - The company's gross margin stands at 8.48%, with a debt-to-asset ratio of 42.31% [1] - The company's price-to-earnings ratio is -77.45, ranking 125th in the industry, while the average P/E ratio for the construction industry is 6.77 [1]

Financial Performance - The total revenue for the period was approximately HKD 134,194,000, a decrease of about HKD 48,436,000 or 26.5% compared to HKD 182,630,000 for the same period last year[12]. - Gross profit for the period was approximately HKD 11,379,000, with a gross margin of about 8.5%, down from 9.3% in the previous period[12][13]. - The net profit for the period was approximately HKD 346,000, a significant decrease from HKD 5,189,000 in the previous period[18]. - The company reported revenue of HKD 134,194,000 for the six months ended September 30, 2024, a decrease of 26.5% compared to HKD 182,630,000 for the same period in 2023[53]. - Gross profit for the period was HKD 11,379,000, down 33.4% from HKD 17,011,000 in the previous year[53]. - Operating profit decreased to HKD 3,866,000, representing a decline of 51.1% from HKD 7,904,000 in the prior period[53]. - The company recorded a profit attributable to owners of HKD 346,000, a significant drop of 93.3% compared to HKD 5,189,000 in the same period last year[53]. - Basic and diluted earnings per share were HKD 0.05, down from HKD 0.76 in the previous year[53]. Cash Flow and Financial Position - As of September 30, 2024, the bank balance was approximately HKD 25,973,000, up from HKD 17,307,000 as of March 31, 2024[19]. - The net cash generated from operating activities for the six months ended September 30, 2024, was HKD 42,381,000, compared to HKD 19,207,000 for the same period in 2023, representing a significant increase[61]. - The net cash used in investing activities was HKD 1,311,000 for 2024, a recovery from a net cash outflow of HKD 11,575,000 in 2023[61]. - The net cash used in financing activities increased to HKD 35,026,000 in 2024 from HKD 16,806,000 in 2023[61]. - Cash and cash equivalents amounted to HKD 25,973,000 as of September 30, 2024, an increase of 50.3% from HKD 17,307,000 as of March 31, 2024[98]. - Total liabilities decreased to HKD 226,601,000 from HKD 255,602,000 as of March 31, 2024[54]. - The company's net asset value increased slightly to HKD 181,730,000 from HKD 181,384,000 as of March 31, 2024[56]. Expenses and Costs - Administrative expenses increased by approximately HKD 691,000 or 6.4% to HKD 11,465,000 due to higher short-term lease costs and depreciation of right-of-use assets[16]. - The operating profit for the six months ended September 30, 2024, was impacted by employee expenses totaling HKD 24,480,000, down from HKD 33,410,000 in 2023, reflecting a decrease of 27%[76]. - Financing costs for the six months ended September 30, 2024, totaled HKD 3,520,000, an increase from HKD 2,715,000 in 2023, representing a rise of 30%[77]. - The depreciation expense for property, plant, and equipment was HKD 10,417,000 in 2024, compared to HKD 11,242,000 in 2023, showing a decrease of 7%[76]. Shareholder Information - The major shareholder, Creative Elite Global Limited, holds 495,000,000 shares, representing 72.29% of the total shares[33]. - The board has decided not to declare an interim dividend for the six months ending September 30, 2024[41]. - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2024, consistent with the previous year[82]. Projects and Future Outlook - The group had ten projects on hand with a total contract value of approximately HKD 351,896,000, with nine expected to be completed in the next fiscal year[8]. - The group anticipates that government-led infrastructure projects will drive demand for construction and foundation engineering services, supporting future business growth[9]. Assets and Liabilities - Non-current assets decreased to HKD 88,404,000 from HKD 100,715,000 as of March 31, 2024[54]. - Current assets decreased to HKD 95,688,000 from HKD 118,825,000 as of March 31, 2024[54]. - Trade receivables increased to HKD 48,406,000 as of September 30, 2024, compared to HKD 16,734,000 as of March 31, 2024[93]. - The total bank loans and other loans amounted to HKD 76,679,000 as of September 30, 2024, down from HKD 105,938,000 as of March 31, 2024, representing a decrease of 27.5%[102]. - Trade payables decreased to HKD 29,483,000 as of September 30, 2024, from HKD 41,560,000 as of March 31, 2024, a reduction of 29.0%[101]. Employment and Compensation - As of September 30, 2024, the total employee count is 92, with total salary costs approximately HKD 24,480,000, compared to HKD 33,410,000 for the six months ending September 30, 2023[26]. - The compensation for directors and key management personnel for the six months ended September 30, 2024, was approximately HKD 3,439,000, compared to HKD 3,602,000 for the same period in 2023[114]. - The company has maintained competitive salary and benefits levels for its employees, with no significant labor disputes reported during the period[26]. Investments and Capital Expenditures - There were no significant investments or acquisitions during the period[23][24]. - The capital commitments for the purchase of properties, plants, and equipment amount to approximately HKD 4,828,000 as of September 30, 2024, with no commitments reported as of March 31, 2024[27]. - Capital expenditures for property, plant, and equipment amounted to approximately HKD 930,000, a significant decrease from HKD 11,890,000 in the previous year[85]. Miscellaneous - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[36]. - The stock option plan adopted on October 24, 2016, remains valid for ten years, allowing the company to grant options to directors, employees, and consultants[38]. - As of September 30, 2024, the total number of stock options available for grant under the plan is 68,475,000, unchanged since April 1, 2024[40]. - No stock options have been granted, exercised, canceled, or lapsed under any of the company's plans during the six months ending September 30, 2024[40]. - The group is currently facing two labor claims arising from normal business operations, with no specific claim amounts determined yet[116]. - The direct or ultimate controlling party of the group is Creative Elite Global Limited, registered in the British Virgin Islands[117]. - The unaudited condensed consolidated interim financial statements for the six months ended September 30, 2024, were approved and authorized for issuance by the board on November 29, 2024[118].