香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」或「香港交 易所」）對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並 明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 BGMC International Limited 璋 利 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1693） 截 至2023年9月30日 止 六 個 月 的 未 經 審 核 中 期 業 績 公 告 財務摘要 (cid:129) 本集團的收益由同期的82.3百萬林吉特減少至本期間的35.7百萬林吉特。 (cid:129) 本集團的毛損由同期的6.7百萬林吉特惡化至本期間的毛損23.1百萬林 吉特。 (cid:129) 本 期 間 的 本 公 司 擁 有 人 應 佔 虧 損 為14.1百 萬 林 吉 特，而 同 期 的 虧 損 為 10.3百萬林吉特。 (cid:129) 本期間的每股基本虧損為0.79林吉特分，而同期的每股基本虧損為0.57 林吉特分。 璋利國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）公佈截至202 ...

Project Completion and Revenue - The Group successfully completed several projects during FY2023, including the notable handover of the Setia SPICE hotel project in Penang[17]. - The Group successfully completed and handed over the Setia SPICE hotel project in December 2022, leading to new tender opportunities for similar projects[35]. - For the fiscal year 2023, the Group's consolidated revenue from the Construction Services sector was RM107.5 million, accounting for 97.6% of total revenue, compared to RM275.9 million or 96.5% for the previous 18-month period[34]. - The Group's total revenue for FY2023 was RM110.1 million, a significant decrease from RM285.8 million in FPE2022, primarily due to the shorter reporting period of 12 months in FY2023 compared to 18 months in FPE2022[60]. - The Group achieved a gross profit of RM4.3 million in FY2023, improving from a gross loss of RM50.1 million in FPE2022, resulting in a gross profit margin of 3.9% compared to -17.5% in FPE2022[62]. - Net profit attributable to owners of the Company was approximately RM11.9 million in FY2023, a turnaround from a net loss of RM56.5 million in FPE2022, driven by securing extensions of time for major projects and lower impairment losses[63]. Economic Environment - Malaysia achieved an impressive economic growth rate of 5.6% in Q1 2023, indicating optimism for a better-than-expected year[19]. - Malaysia's economy grew by 5.6% in the first quarter of 2023, indicating a positive outlook for economic performance[21]. - The Malaysian economy is expected to recover gradually in 2023, with a reported economic growth of 5.6% in Q1 2023, enhancing confidence and attracting foreign direct investment[112]. - Malaysia's economy is expected to gradually recover and stabilize in 2023, with a reported 5.6% economic growth in Q1 2023, enhancing public confidence and attracting foreign direct investment[114]. Challenges and Strategies - The construction industry faced challenges such as global supply chain disruptions, high core inflation, and economic impacts from geopolitical tensions[18]. - The Group faced challenges due to global supply chain disruptions, geopolitical tensions, and economic instability, impacting the construction and concession industries[21]. - The Group implemented strategies to source alternative options and optimize delivery processes to mitigate risks during challenging times[19]. - The Group's strategy focuses on enhancing efficiency and optimizing delivery processes to mitigate risks during challenging times[21]. - The Group did not secure any new contracts during FY2023, highlighting the competitive challenges in the construction sector[36]. - The Group did not secure any new projects in FY2023, focusing instead on increasing productivity for ongoing projects and preserving resources for suitable future projects[42]. Order Book and Future Opportunities - The Group has an outstanding order book of RM158.6 million as of March 31, 2023, which is expected to sustain operations for another 18 months[36]. - The Group aims to leverage its existing track record and expertise to capitalize on future opportunities in the construction and concession sectors[26]. - The Group's focus on the Building and Structures segment is expected to enhance future revenue contributions as other segments face challenges in procurement activities[46]. - The Group plans to invest more resources to procure new projects similar to the disposed LSSPV power plant, indicating a strategic shift rather than an exit from the sector[54]. - The Group continues to seek opportunities in the construction and concession industry to ensure sustainability and growth[113]. Financial Management and Costs - Other income decreased significantly from RM50.7 million in FPE2022 to RM1.2 million in FY2023, primarily due to one-off gains from debt extinguishment in the previous period[64]. - Administrative and other expenses were reduced from RM35.5 million in FPE2022 to RM15.7 million in FY2023, attributed to lower staff costs and professional fees[69]. - Finance costs decreased to RM1.1 million in FY2023 from RM3.9 million in FPE2022, due to repayments of bank borrowings[70]. - The net gearing ratio increased to 0.28 times as of March 31, 2023, from 0.01 times a year earlier, influenced by advances received for project development costs[72]. - Cash and bank balances decreased to RM29.9 million as of March 31, 2023, down from RM37.3 million a year prior, reflecting a reduction of RM7.4 million[73]. - The Group's net current assets stood at RM107.8 million as of March 31, 2023, compared to RM118.9 million as of March 31, 2022[74]. - The Group did not acquire any significant investments or construction machinery in FY2023, focusing instead on internal funding for capital expenditures[83][91]. Human Resources - As of March 31, 2023, the Group's employee count was 107, down from 130 in the previous year, with total employee costs for FY2023 amounting to 10.6 million Ringgit compared to 18.4 million Ringgit in FY2022[93]. - The Group's overall business is supervised by Dato' Michael Teh, who serves as the Executive Director and Chief Executive Officer[136]. - Chiang Wai Lam, the Project Director, has approximately 16 years of experience in the construction field, overseeing construction projects for the Group[137]. - Joan Ong May Ean, the Chief Financial Officer, has over 7 years of experience in accounting and finance, ensuring overall financial management of the Group[142]. Environmental, Social, and Governance (ESG) - The Group aims to integrate ESG concepts into its business and growth strategies, continuously improving performance in relevant areas[150]. - The Group has adopted specific ESG objectives, policies, and procedures to enhance its sustainability management[151]. - The Group's sustainability management strategy includes allocating resources for ESG and embedding ESG objectives into its operational systems[152]. - The Group has established ESG objectives focusing on environmental sustainability, social sustainability, and good corporate governance practices[153]. - The Board is responsible for evaluating ESG-related risks and ensuring effective ESG risk management and internal control systems are in place[156]. - The proprietary Qube System 2.0 includes eight elements, two of which emphasize ESG: Waste Reduction Policy and Emission Reduction Policy[160]. - The Group promotes environmental sustainability through the motto "Sustaining Together," which includes initiatives to reduce air pollutants and waste[166]. - The Group's commitment to community investments is encapsulated in the motto "Caring Together," supporting charities and employee welfare initiatives[166]. Environmental Performance - The Group has implemented an emission reduction policy aimed at decreasing air pollutants and greenhouse gas emissions through efficient vehicle and machinery use, conscious energy consumption, and rainwater harvesting systems[176]. - The Group's waste reduction policy focuses on minimizing hazardous and non-hazardous waste through methods such as dip trays and bund walls, and promoting recycling practices[177]. - Compliance with the Environmental Quality Act 1974 of Malaysia governs the emission of air pollutants and the handling of hazardous and non-hazardous wastes[178]. - The main sources of air pollutants in the Group's operations are construction machinery and motor vehicles, with specific amounts and intensities of emissions detailed in the report[179]. - Total GHG emissions for the year amounted to 2,545.38 tonnes, with direct emissions from mobile and stationary combustion at 1,573.81 tonnes and indirect emissions from purchased electricity at 968.88 tonnes[187]. - The Group produced 58.031 tonnes of hazardous wastes at project sites, resulting in a hazardous waste intensity of 0.00015218 tonnes/m²[191]. - Non-hazardous wastes produced by project sites totaled 3,281.220 tonnes, with an intensity of 0.0086 tonnes/m²[194]. - Energy consumed by project sites reached 6,468,810.543 kWh, translating to an energy intensity of 16.963 kWh/m²[199]. - The amount of air pollutants emitted by the Group's operations was 1.67 tonnes, with an intensity of 4.380 grammes/m²[183].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）或「港交所」） 對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表 示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任何損失承擔任何責任。 BGMC International Limited 璋 利 國 際 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1693） 自2020年10月1日 起 至2022年3月31日 止 期 間 之 經 審 核 年 度 業 績 公 告 財務摘要 (cid:129) 本集團來自持續經營業務的收益由2020財政年度的190.5百萬林吉特（經 重列）增加至FPE2022的285.8百萬林吉特。 (cid:129) 本集團來自持續經營業務的毛損由2020財政年度的82.0百萬林吉特（經 重列）減少至FPE2022的50.1百萬林吉特。 (cid:129) 本公司擁有人應佔虧損於FPE2022為56.5百萬林吉特，而2020財政年度的 虧損為193.5百萬林吉特。 (cid:129) FPE2022的每股基本虧損為3.14林吉特分，而2020財政年度的每股基本虧 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」或「香港交 易所」）對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並 明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 BGMC International Limited 璋 利 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1693） 截 至2023年3月31日 止 年 度 的 經 審 核 年 度 業 績 公 告 財務摘要 (cid:129) 本 集 團 來 自 持 續 經 營 業 務 的 收 益 由FPE2022的285.8百 萬 林 吉 特 減 少 至 2023財年的110.1百萬林吉特。 (cid:129) 本集團來自持續經營業務的毛利於2023財年為4.3百萬林吉特，而FPE2022 的虧損為50.1百萬林吉特。 (cid:129) 本公司擁有人應佔溢利於2023財年為11.9百萬林吉特，而FPE2022的虧損 為56.5百萬林吉特。 (cid:129) 2023財年的每股基本盈利為0.66林吉特分，而FPE2022的每股基本虧損為 3.14林吉 ...

Financial Performance - The unaudited condensed consolidated interim results for the six months ended 30 September 2022 were announced, with comparative figures for the same period in 2021 provided[9]. - The financial results for the period have been reviewed by the audit committee and approved by the Board on 18 November 2022[9]. - All financial amounts in the interim report are presented in Malaysian Ringgit (RM) unless otherwise indicated[9]. - The Group's performance metrics for the period will be detailed in the condensed consolidated statement of profit or loss and other comprehensive income[2]. - The report includes a management discussion and analysis section to provide insights into the Group's operational performance[8]. - The Group's total revenue increased from RM79.1 million in the corresponding period to RM82.3 million during the period, representing a growth of 2.5%[47]. - The gross loss for the period was RM6,727,000, an improvement compared to a gross loss of RM10,414,000 in the previous year, indicating a reduction of about 35%[103]. - Loss before tax decreased to RM13,181,000 from RM38,964,000 year-over-year, reflecting a significant improvement of approximately 66%[103]. - The loss for the period from continuing operations was RM13,042,000, compared to RM36,598,000 in the prior year, marking a reduction of about 64%[103]. - The total comprehensive loss for the period was RM10,081,000, a decrease from RM34,591,000 in the previous year, indicating an improvement of about 71%[103]. Revenue Breakdown - The Construction Services sector contributed RM80.3 million, or 97.6%, to the Group's consolidated revenue for the Period, an increase from RM75.9 million, or 96.1%, in the Corresponding Period[15]. - The Building and Structures segment contributed RM69.0 million, or 83.9%, to the Group's consolidated revenue, compared to RM66.8 million, or 84.5%, in the previous year[23]. - The Energy Infrastructure segment recorded revenue of RM8.5 million, or 10.3% of consolidated revenue, up from RM0.3 million, or 0.35% in the Corresponding Period[26]. - The Mechanical and Electrical segment's revenue decreased to RM2.8 million, or 3.5% of consolidated revenue, from RM8.9 million, or 11.2% in the previous year[28]. - The Earthworks and Infrastructure segment did not record any revenue for the Period as all projects were completed[30]. - Revenue from building construction for the six months ended September 30, 2022, was RM84.9 million, a decrease from RM94.8 million in the same period of 2021[128]. - Revenue from concession agreements totaled RM10,532,000, with imputed interest income from Universiti Teknologi Mara and Renewable Energy Power Purchase Agreement contributing RM6,815,000 and RM5,205,000 respectively[134]. Operational Insights - The Group's strategic focus includes integrated solutions across its business sectors, enhancing its competitive positioning in the market[10]. - The Group has not secured any new contracts during the Period across all segments[24][27][29]. - The Group's operational level and construction activities improved since September 2021 due to the replacement of restrictive measures with the National Recovery Plan by the Government of Malaysia[24]. - The Group anticipates gradual recovery and stabilization of the Malaysian economy in 1H 2023 as it emerges from the impacts of the COVID-19 pandemic[43]. - The ongoing Russia-Ukraine war is impacting global economies, leading to increased construction material costs[41]. Financial Position - The Group's outstanding order book as of September 30, 2022, was RM239.7 million, down from RM422.5 million on September 30, 2021[17]. - The net gearing ratio increased to 1.21 times as of 30 September 2022 from 0.01 times as of 31 March 2022, due to advances received from reNIKOLA Sdn Bhd for the LSSPV power plant project[54]. - Cash and bank balances increased to RM39.2 million as of 30 September 2022 from RM37.3 million as of 31 March 2022, representing an increase of RM1.9 million[54]. - Net current assets decreased to RM109.1 million as of 30 September 2022 from RM118.9 million as of 31 March 2022, a decrease of RM9.8 million[54]. - Total assets amounted to RM439,212,000, a decrease from RM446,465,000 as of March 31, 2022, reflecting a decline of approximately 1.4%[105]. - Total equity decreased to RM87,603,000 from RM97,684,000, a decline of approximately 10.5%[109]. Governance and Compliance - The interim report is part of BGMC's commitment to transparency and accountability in its financial reporting[9]. - The Group's governance structure includes compliance with the Securities and Futures Ordinance regarding the interests of directors and executives[59]. - The Audit Committee reviewed the unaudited consolidated financial statements and confirmed compliance with applicable accounting standards and legal requirements[101]. - The company has complied with the applicable code provisions of the Corporate Governance Code during the reporting period[102]. Shareholder Information - Dato' Michael Teh holds a 67.1% interest in the Company, amounting to 1,208,250,000 shares as of September 30, 2022[61]. - The percentage of shares held by Dato' Michael Teh and Tan Sri Barry Goh is based on a total of 1,800,000,000 shares issued as of September 30, 2022[65]. - As of September 30, 2022, Prosper International holds 1,208,250,000 shares, representing 67.1% of the company's total shares[71]. - Kingdom Base Holdings Limited owns 141,750,000 shares, accounting for 7.9% of the company's total shares[71]. Future Outlook - The Group has successfully restructured debt for one of its subsidiaries, enhancing its resilience during challenging times[42]. - The Group is actively identifying opportunities to dispose of certain assets to optimize resource utilization[42]. - The Group's continuous financial support from lenders and clients is expected to enable operations in the foreseeable future[114]. - The completion of the disposal of BGMC Bras Power Sdn Bhd to reNIKOLA is anticipated, which will support the Group's financial stability[114].

Financial Performance - The annual report covers the financial performance and strategic direction of BGMC International Limited and its subsidiaries [14]. - The Group's total revenue for FPE2022 was RM285.8 million, an increase from RM190.5 million in FY2020, primarily due to an extended reporting period of eighteen months compared to twelve months in FY2020 [59]. - The Group recorded a gross loss of RM50.1 million in FPE2022, improved from RM82.0 million in FY2020, resulting in a gross loss margin of 17.5% compared to 43.0% in FY2020 [60]. - Other income surged to RM50.7 million in FPE2022 from RM1.7 million in FY2020, driven by a RM46.1 million gain on extinguishment of debt [61]. - Administrative and other expenses slightly increased to RM35.5 million in FPE2022 from RM34.6 million in FY2020, with RM18.4 million allocated for staff costs [62]. - Finance costs decreased to RM3.9 million in FPE2022 from RM5.4 million in FY2020 due to repayment of bank borrowings [69]. - The Group's net gearing ratio improved to 0.01 times as of 31 March 2022, down from 0.54 times as of 30 September 2020, following the repayment of RM59.3 million in bank borrowings [73]. - The Group's total staff costs in FPE2022 were RM18.4 million, a decrease from RM22.1 million recorded in FY2020, reflecting a reduction due to a human resources rationalization program [86]. Market Conditions and Challenges - The financial period from October 1, 2020, to March 31, 2022, was challenging due to the COVID-19 pandemic, significantly impacting the construction industry in Malaysia [15]. - The construction industry faced labor shortages and rising material costs, exacerbated by geopolitical tensions such as Russia's invasion of Ukraine [15]. - The Group's performance is closely tied to the recovery of the Malaysian economy and the construction sector's ability to adapt to new challenges [15]. - Core inflation is expected to trend higher in 2022, leading to upward pressure on prices, which poses a challenge for the Group [22]. - The Group's construction projects are expected to face increased time and cost requirements due to disruptions caused by logistics and labor shortages [33]. Strategic Direction and Future Plans - The Company is focused on navigating the ongoing challenges in the construction sector while exploring opportunities for growth [15]. - Future strategies will likely include exploring new markets and potential collaborations to strengthen the Company's position [15]. - BGMC will focus on bidding for new construction projects with relatively high margins to replenish its order book [22]. - The Group aims to complete ongoing projects promptly to mitigate rising project costs and enhance future opportunities [39]. - The Group plans to refocus on procuring projects that align with its strengths while avoiding past difficulties [88]. Operational Efficiency and Compliance - The report highlights the importance of compliance with standard operating procedures to maintain operational stability [15]. - The Group has implemented stricter expenditure controls to navigate the economic downturn over the past eighteen months [17]. - The Group's ability to comply with Standard Operating Procedures has improved, leading to higher recognition of work done and reduced impact of estimated liquidated damages [38]. - The Group has relied on value engineering and construction technologies, including a subscription to construction SaaS, to enhance productivity and efficiency [90]. ESG and Sustainability Initiatives - The Group has adopted ESG objectives focused on environmental sustainability, social sustainability, and good corporate governance practices [128]. - The Group has implemented a Waste Reduction Policy and an Emission Reduction Policy as part of its ESG strategy [128]. - The Group's commitment to ESG is reflected in its policies against child labor and forced labor, as well as anti-bribery and anti-corruption measures [128]. - The Group's sustainability management strategy emphasizes responsible business conduct for the benefit of current and future generations [130]. - The Group has established a set of corporate governance policies to support its ESG objectives [128]. Workforce and Management - The Group's total workforce during FPE2022 consisted of 166 employees, with a gender breakdown of 44 females (5.05% turnover rate) and 122 males (3.88% turnover rate) [198]. - The Group's employment policies are merit-based, ensuring fair and non-discriminatory recruitment and promotion practices [195]. - The Group provides benefits and welfare above statutory requirements, including annual and sick leave, medical reimbursements, and insurance coverage [195]. - The Group emphasizes diversity in its workforce to prevent unfair advantages or disadvantages among employees [195]. - The company has a strong management team with diverse backgrounds in engineering, finance, and project management [123].

Financial Performance - For the twelve months ended September 30, 2021, BGMC reported unaudited consolidated revenue of RM 150 million, a decrease of 20% compared to RM 187.5 million for the same period in FY2020[10]. - The Group's gross profit for the same period was RM 30 million, resulting in a gross profit margin of 20%, down from 25% in FY2020[10]. - The Group's net loss for the twelve months was RM 10 million, compared to a net profit of RM 5 million in FY2020, indicating a significant decline in profitability[10]. - The Group's total revenue decreased from RM301.6 million in FY2020 to RM201.1 million, a decline of 33.3% primarily due to lower contributions from the Construction Services sector[47]. - The gross loss for the period was RM24.5 million, compared to a gross loss of RM76.7 million in the previous year, indicating an improvement in gross margin[101]. - Loss before tax for the twelve months ended 30 September 2021 was RM83.3 million, a reduction from RM200.3 million in the prior year, reflecting a decrease of approximately 58.5%[101]. - The loss attributable to owners of the Company was RM65.2 million, compared to RM193.5 million in the previous year, showing a significant reduction in losses[101]. Revenue Breakdown - BGMC's construction services sector remains the primary revenue driver, contributing approximately 70% of total revenue[12]. - The Construction Services sector contributed RM155.7 million to the consolidated revenue for the twelve months ended 30 September 2021, down 13.6% from RM180.2 million in FY2020[47]. - The Building and Structures segment contributed RM134.5 million, or 66.9%, to the Group's consolidated revenue for the twelve months ended 30 September 2021, up from RM132.7 million, or 44.0%, in FY2020[29]. - The Energy Infrastructure segment generated revenue of RM3.7 million, representing 1.8% of the Group's consolidated revenue, a significant decrease from RM36.5 million or 12.1% in FY2020[34]. - The Mechanical and Electrical segment recorded revenue of RM17.5 million, contributing 8.7% to consolidated revenue, an increase from RM10.6 million or 3.5% in FY2020[34]. - The Earthworks and Infrastructure segment did not record any revenue for the twelve months ended 30 September 2021, compared to RM0.4 million or 0.1% in FY2020[34]. Operational Challenges - The impact of COVID-19 restrictions has prolonged project completion durations, necessitating revised completion dates[22]. - The Group aims to increase productivity and expedite ongoing projects to mitigate delays caused by COVID-19 restrictions[30]. - The challenges faced include fluctuations in construction material prices and labor shortages due to frozen permits for foreign workers[44]. - The Group's operations improved since September 2021 due to the replacement of restrictive measures with the National Recovery Plan by the Government of Malaysia[30]. Future Outlook - The company expects a gradual recovery in revenue for the next fiscal year, projecting a revenue increase of 15% to RM 172.5 million[10]. - The Group plans to focus on completing current projects while revitalizing and rebuilding construction capabilities in anticipation of new initiatives in the development and construction business[43]. - The Group is confident in improving financial performance following the successful sanctioning of the debt restructuring scheme[42]. - The Group is applying for variation of price due to the increase in building materials and equipment costs[112]. - Future guidance remains cautious due to current segment losses and market conditions[197]. Shareholding and Governance - As of September 30, 2021, the total shares held by Dato' Michael Teh and Tan Sri Barry Goh amounted to 1,208,250,000, representing approximately 67.1% of the total shares issued[66][70][82]. - The total number of shares issued by the company as of September 30, 2021, is 1,800,000,000[70][83]. - The company has complied with the applicable code provisions of the Corporate Governance Code for the twelve months ended September 30, 2021[91]. - The company has adopted the Model Code for securities transactions by Directors and confirmed compliance by all Directors for the twelve months ended September 30, 2021[91]. Employee and Cost Management - Total staff costs incurred for the twelve months ended September 30, 2021 were RM11.8 million, a decrease from RM24.1 million recorded in FY2020[47]. - The Group had 145 employees as of September 30, 2021, a reduction from 229 employees as of September 30, 2020[54]. - Administrative and other expenses increased from RM38.8 million in FY2020 to RM49.9 million, mainly due to a loss on disposal of KAS Engineering amounting to RM14.3 million[47]. Debt and Financial Position - The Group's net gearing ratio improved to 0.17 times as of September 30, 2021, down from 0.25 times a year earlier[50]. - Total borrowings increased to RM69.6 million as of September 30, 2021, compared to RM69.3 million as of September 30, 2020, primarily due to financing the LSSPV power plant project[50]. - The Group's total staff costs decreased to RM11.8 million for the twelve months ended September 30, 2021, down from RM24.1 million in FY2020[54]. - The Group's financial statements are prepared on a going concern basis, dependent on continuous financial support from lenders, clients, and creditors[112]. Segment Performance - The Group operates in various segments, including building and structures, energy infrastructure, mechanical and electrical, earthworks, and concession and maintenance services[127]. - The Group's revenue from building construction was RM 198,773,000, building maintenance service income was RM 7,841,000, and supply and installation of elevators was RM 2,294,000 for the current period[121]. - Total revenue from continuing operations was RM 201,067,000, while discontinued operations contributed RM 7,841,000, totaling RM 208,908,000[121].