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 何部份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。 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （ 前 稱Wisdom Sports Group 智 美 體 育 集 團 ） （股份代號：1661） 內幕消息 (1)可能延遲刊發2024年全年業績； (2)延期舉行董事會會議及 (3)可能暫停買賣 承董事會命 本公告乃由中國前沿科技集團（「本公司」，及其附屬公司統稱「本集團」）董事會 （「董事會」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2) 條及香港法例第571章證券及期貨條例第XIVA部項下之內幕消息條文而作出。 可能延遲刊發2024年全年業績 董事會謹此通知本公司股東（「股東」），由於本公司核數師（「核數師」）需要額外 時間完成審核程序，故將會延遲刊發有關本集團截至2024年12月31日止財政年度 的全年業績（「2024年全年業績」）的公告。本公司仍在收集及整理核數師執行及完 成其有關2024年全年業績的審 ...

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 何部份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。 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （ 前 稱Wisdom Sports Group 智 美 體 育 集 團 ） 聯席主席兼執行董事 任文 香港，2025年3月12日 於本公告日期，本公司的執行董事為任文女士、黃文強先生、任松女士、盛杰先生、 常海松先生、王潔女士及張盼盼女士；而本公司的獨立非執行董事為梁曉文女士、 高文娟女士、吳明聰先生及彭小留女士。 董事會會議召開日期 中國前沿科技集團（「本公司」，及其附屬公司統稱「本集團」）董事會（「董事會」） 茲通告謹定於2025年3月28日（星期五）舉行本公司董事會會議，以考慮及通過本集 團截至2024年12月31日止年度的末期業績，及建議之末期股息（如有），以及處理 任何其他事項。 承董事會命 中國前沿科技集團 （股份代號：1661） ...

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 何部份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。 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （ 前 稱Wisdom Sports Group 智 美 體 育 集 團 ） （股份代號：1661） 自願性公告 業務最新消息 本公告由中國前沿科技集團（「本公司」，連同其附屬公司統稱為「本集團」）自願 發佈，以向本公司股東及潛在投資者提供本集團近期發展的最新資料。 茲提述本公司日期為2024年9月3日的公告（「該公告」），內容有關本公司全資附屬 公司中國前沿科技研究院有限公司（「中國前沿科技研究院」）的業務發展。除另有 指明外，本公告所用詞彙與該公告所界定者具有相同涵義。 委任總經理 本公司董事會欣然宣佈，俞珂白先生（「俞先生」）將獲委任為中國前沿科技研究院 總經理，自2025年1月24日起生效，負責提供AI基礎設施的業務發展（「AI基礎設施 業務」）。 俞先生，44歲，於2023年獲得日內瓦大學應用數學博士學位。彼於2015年獲得上海 交 ...

股東特別大會的投票結果 董事會欣然宣佈，於2024年12月23日（星期一）下午三時正假座香港中環皇后大道 中99號中環中心12樓2室舉行的股東特別大會上，該通告所載的普通決議案（「決議 案」）已以投票方式進行表決。本公司的香港股份過戶登記分處香港中央證券登記 有限公司獲委任為股東特別大會點票之監票員。 於股東特別大會日期，已發行股份總數為1,902,942,000股每股面值0.00025美元的已 發行股份，為賦予股東權利出席股東特別大會並於會上就決議案投票的股份總數。 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 何部份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。 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （ 前 稱Wisdom Sports Group 智 美 體 育 集 團 ） （股份代號：1661） 2024年12月23日舉行之 股東特別大會的投票結果 茲提述中國前沿科技集團（「本公司」）日期為2024年12月5日的股東特別大會（「股 東特別大會」）通告（「該通告」）及本公 ...

此乃要件 請即處理 閣下如對本通函的任何方面有任何疑問，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中國前沿科技集團（「本公司」）股份，應立即將本通函送交買主 或承讓人或經手買賣或轉讓的銀行、股票經紀或其他代理人，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，並明確表示不會就本通函全部或任何部份內容而產生，或因倚 賴該等內容而引致的任何損失承擔任何責任。 (1)建議股份合併； (2)增加法定股本； (3)更改每手買賣單位；及 (4)股東特別大會通告 本公司謹訂於2024年12月23日（星期一）下午三時正假座香港中環皇后大道中99號中環中心12 樓2室舉行股東特別大會，召開股東特別大會的通告載於本通函第EGM-1至第EGM-3頁。本通 函亦隨附股東特別大會適用之代表委任表格。該代表委任表格亦刊載於香港交易及結算所有 限公司網站(https://www.hkexnews.hk)及本公司網站(http://www.wisdomsports.com.cn)。 ...

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 何部份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。 (1)建議股份合併； (2)增加法定股本； 及 (3)更改每手買賣單位 建議股份合併 董事會建議將本公司已發行及未發行股本中每十(10)股現有股份合併為一(1)股 合併股份。於本公告日期，本公司有1,902,942,000股已繳足或入賬列作繳足的已 發行現有股份。假設自本公告日期起直至股東特別大會日期止將不再進一步發 行股份，則於股份合併生效後，將有190,294,200股已繳足或入賬列作繳足的已發 行合併股份。本公司法定股本仍將為1,000,000美元，惟將分為400,000,000股每股 面值0.0025美元的合併股份。 增加法定股本 本公告僅供參考之用，並不構成收購、購買或認購本公司任何證券的邀請或要約。 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （ 前 稱Wisdom Sports Group 智 美 體 育 集 團 （股份代號：1661） 於股份合併完成後，本公司法定股本將 ...

Business Operations and Strategy - The company successfully hosted the "2024 Hong Kong University Global CEO Golf Celebrity Invitation Tournament" in Singapore and Hong Kong, marking its entry into the high-end golf event operation sector [8]. - The company plans to expand its operations in overseas high-end golf events to diversify its product offerings and broaden revenue sources [8]. - The company aims to leverage its experience in offline sports event operations to develop high-end golf event operations domestically and internationally [8]. - The company is focusing on professional event operations and high-end sports services as key strategic directions for 2024 [8]. - The company emphasizes the importance of diverse sports projects and high-level professional services to meet the needs of different sports enthusiasts [8]. - The company has established a solid foundation for future business expansion through proactive negotiations and communications in various sports events [7]. Financial Performance - The company's revenue increased approximately 761.5% from RMB 2.6 million for the six months ended June 30, 2023, to RMB 22.4 million for the six months ended June 30, 2024, primarily due to the growth in the event operation and marketing segment [12]. - Revenue from the event operation and marketing segment surged about 21.8 times, rising from RMB 0.9 million to RMB 20.5 million during the same period [12]. - The gross loss recorded for the six months ended June 30, 2024, was RMB 0.2 million, with a gross loss margin of 7.7% [14]. - The company reported a pre-tax profit of RMB 14.8 million for the six months ended June 30, 2024, compared to a pre-tax loss of RMB 6.4 million for the same period in 2023 [16]. - The net profit attributable to the owners of the company was RMB 14.1 million for the six months ended June 30, 2024, reversing from a loss of RMB 6.4 million in the prior year [18]. - Revenue for the six months ended June 30, 2024, was RMB 22,356,000, compared to RMB 2,571,000 for the same period in 2023, representing an increase of 769% [65]. - Gross profit for the same period was RMB 7,496,000, a significant recovery from a gross loss of RMB 257,000 in the prior year [65]. - Operating profit for the six months ended June 30, 2024, was RMB 15,442,000, compared to an operating loss of RMB 5,898,000 in the same period of 2023 [65]. - Other income increased to RMB 16,606,000 from RMB 5,744,000 year-over-year, marking a growth of 189% [65]. Cost and Expenses - The service cost rose approximately 432.1% from RMB 2.8 million to RMB 14.9 million, mainly driven by increased costs in the event operation and marketing segment [13]. - The total employee cost for the six months ended June 30, 2024, was RMB 2.0 million, down from RMB 18.8 million for the same period in 2023, indicating a substantial reduction in personnel expenses [36]. - The cost of services for the event operation and marketing division was RMB 13,658,000, and for the sports services division, it was RMB 1,202,000, resulting in a total service cost of RMB 14,860,000 [96]. Cash Flow and Liquidity - As of June 30, 2024, the group's cash and cash equivalents amounted to approximately RMB 266.3 million, an increase from RMB 173.7 million as of December 31, 2023 [20]. - The net current assets increased by approximately 47.2% from RMB 219.5 million as of December 31, 2023, to RMB 323.0 million as of June 30, 2024, indicating stable working capital to support business development [21]. - The current ratio improved to 982.97% from 690.90% as of December 31, 2023, indicating a significant increase in liquidity [35]. - The total increase in cash and cash equivalents was RMB 92,511 thousand, compared to an increase of RMB 22,501 thousand in the prior year, representing an increase of approximately 311% [73]. - Net cash flow from operating activities for the six months ended June 30, 2024, was RMB 46,697 thousand, a significant improvement from a net cash outflow of RMB 5,741 thousand in the same period of 2023 [73]. Share Capital and Equity - The company issued 310 million shares at a subscription price of HKD 0.139 per share, raising approximately HKD 43 million, which is intended for sports event development and operational funding [28]. - The issued ordinary shares increased to 1,902,942,000 as of June 30, 2024, from 1,592,942,000 as of December 31, 2023 [27]. - The company’s share capital increased to RMB 2,935,000 (approximately $0.42 million) from RMB 2,454,000 (approximately $0.35 million), reflecting a growth of 19.5% [69]. - The company has not pledged any shares as collateral for debts as of June 30, 2024, indicating a stable financial position [31]. Corporate Governance and Compliance - The company has fully complied with the corporate governance code as of June 30, 2024 [62]. - The audit committee has reviewed the financial statements and found no objections to the accounting policies adopted by the company [62]. - There were significant changes in the board of directors, with multiple appointments and resignations occurring throughout 2024 [63]. Strategic Initiatives and Future Plans - The company plans to develop a new business focused on cutting-edge technology asset management services, aiming to create a global, high-tech investment platform [10]. - The company has officially rebranded itself as "China Frontier Technology Group" to align with its new strategic direction [10]. - The company aims to explore opportunities in high-tech sectors and enhance its service offerings in sports and health industries [10]. Investment and Financial Assets - The fair value of financial assets as of June 30, 2024, included listed equity securities valued at RMB 5,033 thousand, indicating the company's investment strategy and market positioning [78]. - The fair value of financial assets measured at fair value through profit or loss for non-listed equity securities increased to RMB 2,062 thousand as of June 30, 2024, from RMB 1,928 thousand as of December 31, 2023 [86]. - The fair value of financial assets measured at fair value through other comprehensive income for non-listed equity securities was RMB 54,229 thousand as of June 30, 2024, down from RMB 56,282 thousand as of December 31, 2023 [87]. Events and Changes - The company changed its English name from "Wisdom Sports Group" to "China Frontier Technology Group" effective July 24, 2024 [57]. - The company agreed to sell its subsidiary Wisdom London Limited for £4,500,000, with an additional intercompany loan of approximately HKD 28,700,000 [58]. - The company appointed a new company secretary and authorized representative on July 31, 2024 [59]. - No significant events affecting the company's operations or financial condition occurred after June 30, 2024 [59].

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 22,356,000, compared to RMB 2,571,000 for the same period in 2023, representing an increase of 769%[2] - Gross profit for the same period was RMB 7,496,000, a significant improvement from a gross loss of RMB 257,000 in 2023[2] - Operating profit for the six months ended June 30, 2024, was RMB 15,442,000, compared to an operating loss of RMB 5,898,000 in the previous year[2] - Net profit for the period was RMB 14,135,000, compared to a net loss of RMB 6,375,000 in the same period of 2023[2] - Other income for the six months ended June 30, 2024, was RMB 16,606,000, up from RMB 5,744,000 in the same period last year, indicating a growth of 189%[2] - Investment income from financial products amounted to RMB 8,269 thousand, up from RMB 1,811 thousand in the previous year, reflecting a growth of about 356%[11] - The company reported a pre-tax profit of RMB 14.8 million for the six months ended June 30, 2024, compared to a pre-tax loss of RMB 6.4 million for the same period in 2023[36] Assets and Equity - Total assets as of June 30, 2024, amounted to RMB 465,360,000, an increase from RMB 412,358,000 as of December 31, 2023[4] - Cash and cash equivalents increased to RMB 266,251,000 from RMB 173,732,000 at the end of 2023, reflecting a growth of 53%[4] - The company's equity attributable to owners increased to RMB 421,420,000 from RMB 369,272,000, marking a rise of 14.1%[5] - The net current assets increased by approximately 47.2%, from RMB 219.5 million as of December 31, 2023, to RMB 323.0 million as of June 30, 2024[41] Earnings Per Share - The company reported a basic and diluted earnings per share of RMB 0.80 for the period, compared to a loss per share of RMB 0.40 in 2023[3] - The weighted average number of ordinary shares used to calculate basic and diluted earnings per share was 1,773,775 for the six months ended June 30, 2024, compared to 1,592,942 for the same period in 2023[19] Expenses - The company incurred general and administrative expenses of RMB 4,903 thousand for the six months ended June 30, 2024, a decrease from RMB 21,083 thousand in the previous year[14] - The company reported a significant decrease in selling and distribution expenses, dropping approximately 100% from RMB 0.4 million for the six months ended June 30, 2023, to RMB 0 for the same period in 2024[32] - General and administrative expenses decreased by approximately 76.8%, from RMB 21.1 million for the six months ended June 30, 2023, to RMB 4.9 million for the same period in 2024[33] Revenue Segmentation - The gross profit from the event operation and marketing segment was RMB 6,884 thousand, while the sports services segment contributed RMB 612 thousand, leading to a total gross profit of RMB 7,496 thousand[14] - The revenue from the event operation and marketing segment surged approximately 2,180% from RMB 0.9 million to RMB 20.5 million during the same period[29] - The company recognized income from event operations and marketing of RMB 20,542 thousand for the six months ended June 30, 2024, compared to RMB 903 thousand in the same period of 2023, marking a growth of approximately 2,177%[15] Share Capital and Dividends - The company’s issued ordinary shares increased to 1,902,942,000 shares as of June 30, 2024, from 1,592,942,000 shares as of December 31, 2023[47] - No interim dividends were declared for the six months ending June 30, 2024, consistent with the same period in 2023[49] Strategic Developments - The company plans to expand into high-end golf event operations, having successfully hosted the "2024 Hong Kong University Global CEO Golf Celebrity Invitation Tournament" in Singapore and Hong Kong[25] - The company aims to leverage advancements in artificial intelligence to develop a new business focused on high-tech asset management services, responding to the growing demand in this sector[27] - The company has rebranded itself as "China Frontier Technology Group" to align with its new strategic focus on high-tech investments and services[27] Compliance and Governance - The audit committee confirmed compliance with applicable corporate governance codes for the six months ending June 30, 2024[53] - The company’s board of directors has confirmed adherence to the standard code for securities trading for the six months ending June 30, 2024[54] - The company’s financial performance for the six months ending June 30, 2024, is unaudited and has not been reviewed by external auditors[56] Other Financial Metrics - The company reported a net loss from foreign exchange of RMB (4,175) thousand, compared to a loss of RMB (1,140) thousand in the prior period, indicating a deterioration in foreign exchange performance[12] - As of June 30, 2024, accounts receivable amounted to RMB 23,181 thousand, an increase from RMB 17,489 thousand as of December 31, 2023, reflecting a growth of approximately 32.7%[21] - Accounts payable decreased from RMB 11,810 thousand as of December 31, 2023, to RMB 9,985 thousand as of June 30, 2024, indicating a reduction of approximately 15.4%[23] - The company reported a decrease in accounts receivable aging over one year, from RMB 2,337 thousand to RMB 3,186 thousand, indicating improved collection efforts[21] - The company reported no significant contingent liabilities as of June 30, 2024[49]

Sports Industry Development - The sports industry in China has shown strong vitality in 2023, with the company successfully operating various events, including the "2023 Dalian Marathon" and "2023 Nanchang Marathon," enhancing its brand influence and value[9]. - The company has entered the high-end golf event market with the successful hosting of the "2024 Hong Kong University Global CEO Golf Celebrity Invitation Tournament," marking its first international high-end golf event[10]. - A new high-end sports event service club, "1661 Club," is being established to provide members with a one-stop golf service experience, integrating resources from world-renowned golf courses[11]. - The company aims to expand its audience and market share by exploring diverse business forms based on the sports market, responding to the growing and personalized consumer demand for sports services[10]. - The company is actively engaging with local governments and event organizers to develop event resources and cooperation opportunities, enhancing its operational capabilities[9]. - The company has successfully hosted a variety of events, solidifying its position in professional event operations and enhancing its reputation in the industry[9]. - The outdoor sports market is expected to thrive in 2024, driven by events like the Paris Olympics and Copa America, increasing public participation in outdoor activities[17]. Financial Performance - The company's revenue increased approximately 547.4% from RMB 4.98 million for the year ended December 31, 2022, to RMB 32.24 million for the year ended December 31, 2023, primarily due to the recovery of the sports industry post-COVID-19[26]. - Service costs surged approximately 2,135.1% from RMB 1.5 million in 2022 to RMB 33.08 million in 2023, driven by the increase in the number of events operated by the company[26]. - The company recorded a gross loss of RMB 0.84 million for the year ended December 31, 2023, compared to a gross profit of RMB 3.50 million in 2022, resulting in a gross loss margin of 2.6%[26]. - Revenue from the event operation and marketing segment rose approximately 556.4% to RMB 26.32 million, while the sports services segment revenue increased approximately 510.3% to RMB 5.92 million[27]. - Selling and distribution expenses grew approximately 94.3% from RMB 3.66 million in 2022 to RMB 7.11 million in 2023, mainly due to business expenses related to event operations[28]. - General and administrative expenses increased approximately 67.6% from RMB 26.40 million in 2022 to RMB 44.24 million in 2023, primarily due to rising labor costs associated with business recovery and new business expansion[29]. - Other income rose approximately 81.9% from RMB 8.99 million in 2022 to RMB 16.35 million in 2023, mainly due to increased returns from short-term bank financial products and fixed income interests[30]. Business Strategy and Expansion - The company plans to explore a new business focused on cutting-edge technology asset management services, aiming to create a comprehensive enterprise that spans sports, health, member services, investment management, and financial services[13]. - The company is focused on leveraging the rapid development of artificial intelligence and global technology trends to identify valuable investment and acquisition opportunities in high-tech sectors[13]. - The company aims to develop two main business directions in 2024: professional event operations and high-end sports services, alongside AI asset management services[24]. - The company operates two main business segments: event operations and marketing, and sports services, generating revenue from sponsorships and service-related income[25]. Corporate Governance - The company has adhered to the corporate governance code and standards throughout the fiscal year ending December 31, 2023[83]. - The board is committed to maintaining high standards of corporate governance to enhance transparency and accountability[82]. - The company has established a balanced structure of executive and non-executive directors to ensure effective independent judgment[86]. - The company has appointed at least three independent non-executive directors, constituting no less than one-third of the board[91]. - The board is collectively responsible for the company's business strategy and performance, ensuring objective decisions are made in the company's best interest[94]. - The company has established three committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee, each with clear written terms of reference[104]. Environmental, Social, and Governance (ESG) Performance - The company is committed to enhancing its environmental, social, and governance (ESG) performance, as detailed in its eighth ESG report[170]. - The company has set carbon reduction targets compared to the 2019 baseline, aiming to reduce air emissions by 1% by 2025, 2% by 2027, and 3% by 2030[195]. - Energy consumption is targeted to decrease by 1% by 2025, 2% by 2027, and 3% by 2030, measured in million watt-hours[195]. - Water usage is expected to be reduced by 1% by 2025, 3% by 2027, and 5% by 2030, measured in approximate tons[195]. - Waste management is projected to decrease by 1% by 2025, 3% by 2027, and 5% by 2030[195]. - The board is committed to integrating climate-related issues and ESG factors into long-term business strategy planning[177]. - The company emphasizes stakeholder engagement and regularly consults internal and external stakeholders regarding ESG performance[184]. Risk Management - The company has established a risk management and internal control system to manage significant risks rather than eliminate them, providing reasonable assurance against material misstatements or losses[129]. - The risk management framework includes annual assessments of major risks and monitoring of the effectiveness of risk management systems, with reports submitted to the board[130]. - The company identifies and evaluates risks at least once a year, creating a risk register based on potential impacts and past significant issues[132]. - Risk response measures are developed to manage significant risks, utilizing avoidance, reduction, sharing, or acceptance strategies[132]. - The company aims to maintain all significant risks within an acceptable level for management, including environmental, social, and governance risks[134].

Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 32,243,000, a significant increase from RMB 4,976,000 in 2022, representing a growth of approximately 546%[4] - The cost of services for the same period was RMB 33,083,000, leading to a gross loss of RMB 840,000 compared to a gross profit of RMB 3,500,000 in 2022[4] - Other income increased to RMB 16,345,000 from RMB 8,996,000, marking an increase of about 81%[4] - The total operating loss for the year was RMB 79,978,000, compared to a loss of RMB 65,896,000 in 2022, indicating a deterioration in operational performance[4] - The net loss for the year was RMB 87,171,000, up from RMB 75,507,000 in 2022, reflecting a year-over-year increase of approximately 15%[4] - The group reported a total loss of RMB 87,171 thousand for the year ended December 31, 2023, compared to a loss of RMB 75,507 thousand in 2022, reflecting an increase in losses of approximately 15%[27] - The company reported a net loss attributable to shareholders of RMB 87,178 thousand for 2023, compared to a loss of RMB 75,479 thousand in 2022, indicating an increase in losses of approximately 15.5% year-over-year[36] - The company's loss attributable to owners increased approximately 15.5% from RMB 75.50 million to RMB 87.20 million for the year ended December 31, 2023[63] Assets and Liabilities - Total assets decreased to RMB 412,358,000 from RMB 499,155,000, a decline of about 17.4%[8] - Current assets also fell to RMB 256,693,000 from RMB 292,156,000, representing a decrease of approximately 12.1%[8] - The group’s non-current assets in China decreased to RMB 50,000 thousand in 2023 from RMB 132,054 thousand in 2022[30] - The group’s net current assets decreased by approximately 13.5% from RMB 253.80 million as of December 31, 2022, to RMB 219.50 million as of December 31, 2023[65] - Accounts receivable decreased slightly to RMB 17,489 thousand in 2023 from RMB 17,951 thousand in 2022, with a provision for impairment remaining unchanged at RMB 12,630 thousand[37] - Accounts payable increased significantly to RMB 11,810 thousand in 2023 from RMB 4,784 thousand in 2022, reflecting a rise of approximately 147%[40] - Bank borrowings as of December 31, 2023, were RMB 6.60 million, an increase from zero as of December 31, 2022[67] - The current ratio as of December 31, 2023, was approximately 690.9%, down from 761.1% as of December 31, 2022[71] - The debt-to-asset ratio was approximately 10.61% as of December 31, 2023, compared to 7.69% as of December 31, 2022[71] Revenue Segmentation - Revenue from event operations and marketing was RMB 26,320 thousand in 2023, compared to RMB 4,017 thousand in 2022, indicating a growth of about 554%[18] - The event operation and marketing segment's revenue grew about 556.4% from RMB 4.02 million to RMB 26.32 million, while the sports services segment's revenue increased approximately 510.3% from RMB 0.96 million to RMB 5.92 million[53] - The group reported interest income of RMB 7,357 thousand in 2023, compared to RMB 1,415 thousand in 2022, representing an increase of approximately 419%[18] Expenses - The group’s total service costs for 2023 were RMB 33,083 thousand, up from RMB 1,476 thousand in 2022, indicating a significant rise in costs[27] - Selling and distribution expenses rose about 94.3% from RMB 3.66 million to RMB 7.11 million, mainly due to business expenses related to event operations[56] - General and administrative expenses increased approximately 67.6% from RMB 26.40 million to RMB 44.24 million, attributed to rising labor costs associated with business recovery and new business expansion[57] - The group incurred impairment losses on property, plant, and equipment of RMB 16,262 thousand in 2023, with no such losses reported in 2022[20] Future Plans and Market Outlook - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings report[11] - The company plans to focus on high-quality development in professional event operations and high-end sports services, alongside exploring new business opportunities in AI asset management services[51] - The company aims to diversify its business model by exploring various sports events both domestically and internationally, laying a solid foundation for business expansion in 2024[43] - The outdoor sports market is expected to grow significantly in 2024, driven by events like the Paris Olympics and Copa America, which will enhance public participation in outdoor sports[45] - The company is focusing on high-value consumer segments, which contribute nearly 60% of the outdoor sports market, particularly in high-end sports like golf and skiing[46] Shareholder Information - The company did not recommend any dividend payments for the years ended December 31, 2023, and 2022[35] - The company did not recommend the payment of a final dividend for the year ended December 31, 2023, consistent with the previous year[74] - The controlling shareholder sold 400 million shares at an average price of HKD 0.25 per share, totaling HKD 100 million[98] - The company entered into a subscription agreement for 310 million new shares at a price of HKD 0.139 per share[103] - The total amount raised from the subscription was approximately HKD 43.1 million, with a net amount of HKD 43 million intended for sports event development and working capital[104] Corporate Governance - The executive directors of the company include Ren Wen, Sheng Jie, Huang Wenqiang, and Ren Song[107] - The independent non-executive directors include Chen Zhijian, Li Jianhui, Jin Guoqiang, and Gao Wenjuan[107] Reporting and Compliance - The 2023 annual performance announcement is published on the Hong Kong Stock Exchange and the company's website[107] - The annual report will be sent to shareholders who opted for printed copies and will also be available on the Hong Kong Stock Exchange and the company's website[107] - The company has not yet adopted new Hong Kong Financial Reporting Standards that are effective from January 1, 2024, and beyond, which may impact future financial reporting[16] - The company has no significant contingent liabilities as of December 31, 2023, remaining unchanged from the previous year[73]