F5 Most Kwai Chung Limited 毛記葵涌有限公司 ( 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：1716 2022 ANNUAL REPORT 年報 目 錄 2 公司資料 | --- | --- | |-------|--------------------------------------| | | | | 3 | 主席報告 | | 5 | 管理層討論及分析 | | 12 | 童事、高級管理層及公司秘書的履歴詳情 | | 17 | 企業管治報告 | | 30 | 董事會報告 | | 44 | 環境·社會及管治報告 | | 71 | 獨立核數師報告 | | 76 | 綜合損益及其他全面收益表 | | 77 | 綜合財務狀況表 | | 79 | 綜合權益變動表 | | 80 | 綜合現金流量表 | | 81 | 綜合財務報表附註 | | | | 五年財務概要 128 公司資料 | --- | --- | |------------------ ...

Financial Performance - Revenue for the six months ended September 30, 2021, was HKD 48,076,000, representing an increase of 43.8% compared to HKD 33,412,000 for the same period in 2020[13] - Gross profit for the same period was HKD 10,656,000, down 24.3% from HKD 14,141,000 in 2020[13] - Operating profit decreased to HKD 637,000, a decline of 91.0% from HKD 7,083,000 in the previous year[13] - Profit attributable to owners of the company for the period was HKD 1,923,000, a decrease of 82.3% compared to HKD 10,856,000 in 2020[13] - Basic and diluted earnings per share were HKD 0.71, down from HKD 4.02 in the same period last year[13] - The group reported a profit before tax of HKD 1,923,000 for the six months ended September 30, 2021, down from HKD 10,856,000 in the previous year, indicating a decline of 82.3%[48] - Profit before tax for the six months ended September 30, 2021, was approximately HKD 2.3 million, down from HKD 11.2 million for the same period in 2020[82] Assets and Liabilities - Total assets as of September 30, 2021, were HKD 109,660,000, an increase from HKD 106,829,000 as of March 31, 2021[15] - Total equity increased to HKD 96,551,000 from HKD 94,628,000 as of March 31, 2021[15] - Trade receivables increased to HKD 7,053,000 from HKD 6,569,000 as of March 31, 2021[15] - Cash and cash equivalents were HKD 84,715,000, slightly up from HKD 84,356,000 as of March 31, 2021[15] - Non-current liabilities increased to HKD 757,000 from HKD 699,000 as of March 31, 2021[17] - Trade receivables as of September 30, 2021, were HKD 8,187,000, an increase from HKD 7,483,000 as of March 31, 2021[54] - Trade payables increased from HKD 616,000 as of March 31, 2021, to HKD 1,023,000 as of September 30, 2021[58] Cash Flow - Operating cash flow for the period was HKD 1,710,000, a decrease of 88.4% from HKD 14,697,000 in the same period last year[22] - The company’s total cash and cash equivalents increased to HKD 84,715,000 as of September 30, 2021, compared to HKD 97,243,000 at the end of the previous year, reflecting a decrease of 12.9%[22] - The company’s financing activities resulted in a net cash outflow of HKD 676,000, slightly improved from HKD 709,000 in the previous period, indicating better management of financing costs[22] Strategic Initiatives - The company has invested HKD 700,000 in a joint venture during the reporting period, indicating a strategic move towards collaboration and expansion[22] - The company plans to enhance its digital media platform to capture a larger market share in the advertising sector[32] - The company is focusing on developing new technologies and products to improve service delivery and customer engagement in the media sector[32] - The group plans to enhance brand awareness and diversify future events and content in response to challenges in the advertising and media industry[69] - The group plans to expand its business into online shopping to diversify its operations and revenue sources[93] Income and Expenses - The cost of production increased significantly to HKD 28,576,000 from HKD 12,323,000, reflecting a rise of 132.5%[42] - Sales and distribution expenses for the six months ended September 30, 2021, were approximately HKD 1.8 million, a decrease of about HKD 0.1 million or 5.3% compared to HKD 1.9 million for the same period in 2020[79] - Administrative expenses increased from approximately HKD 5.6 million for the six months ended September 30, 2020, to approximately HKD 8.2 million for the same period in 2021[80] - Employee benefits expenses, including directors' remuneration, totaled approximately HKD 15.5 million for the six months ended September 30, 2021, compared to approximately HKD 11.3 million for the same period in 2020[97] Shareholder Information - The company did not declare an interim dividend for the six months ended September 30, 2021, consistent with the previous year[49] - As of September 30, 2021, major shareholders hold 67.5% of the issued share capital through Blackpaper Limited[116] Corporate Governance - The company has adopted and complied with the corporate governance code as per the listing rules[131] - The audit committee reviewed the unaudited condensed consolidated financial statements for the period[133] Miscellaneous - The company did not purchase, sell, or redeem any of its listed securities during the period[126] - No significant events affecting the group occurred after the reporting period and up to the date of the interim report[125] - The group has no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[89]

F Most Kwai Chung Limited 毛記葵涌有限公司 ( 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：1716 2021 ANNUAL REPORT 年報 目錄 2 公司資料 3 主席報告 2 5 管理層討論及分析 3 12 董事、高級管理層及公司秘書的履歷詳情 5 17 企業管治報告 12 30 董事會報告 17 44 獨立核數師報告 30 49 綜合全面收益表 44 50 綜合資產負債表 49 52 綜合權益變動表 50 53 綜合現金流量表 52 53 54 綜合財務報表附註 100 五年財務概要 54 五年財務概要 100 公司資料 太子大廈 12 樓 1225 室 | --- | --- | |---------------------------|---------------------------------------| | 董事會 | 審核委員會 | | 執行董事 | 何光宇(主席) | | 姚家豪(主席) | 梁廷育 | | 陸 ...

Financial Performance - Revenue for the six months ended September 30, 2020, was HKD 33,412,000, a decrease of 31.2% compared to HKD 48,537,000 in 2019[4] - Gross profit for the same period was HKD 14,141,000, down 34.4% from HKD 21,531,000 in 2019[4] - Net profit attributable to owners for the period was HKD 10,856,000, an increase of 23.7% from HKD 8,779,000 in 2019[4] - Basic and diluted earnings per share increased to HKD 4.02 from HKD 3.25, representing a growth of 23.5%[4] - Total revenue for the period reached HKD 50,112 million, a decrease from HKD 48,537 million in the previous year, reflecting a decline of approximately 3.3%[42] - Media service revenue recognized at a point in time was HKD 21,517 million, down from HKD 39,769 million, indicating a significant decrease of about 46%[44] - The company reported a profit attributable to owners of HKD 10,856 million, an increase of 23.5% compared to HKD 8,779 million in the same period last year[52] - Basic earnings per share rose to HKD 4.02, up from HKD 3.25, representing a growth of approximately 23.5%[52] Cash Flow and Assets - Cash and cash equivalents at the end of the period were HKD 97,243,000, up from HKD 80,807,000, reflecting a 20.3% increase[7] - Total assets as of September 30, 2020, were HKD 119,423,000, compared to HKD 106,551,000 as of March 31, 2020, indicating a growth of 12.0%[9] - Total equity increased to HKD 109,101,000 from HKD 98,245,000, marking an increase of 11.1%[9] - Operating cash flow for the period was HKD 11,670,000, compared to HKD 9,220,000 in 2019, showing a growth of 26.6%[14] - The company recorded a net cash increase of HKD 16,436,000 during the period, compared to HKD 9,578,000 in 2019, representing a 71.8% increase[14] Revenue Breakdown - For the six months ended September 30, 2020, total revenue was HKD 35,291,000, with digital media services contributing HKD 21,685,000, printing media services contributing HKD 678,000, and other media services contributing HKD 12,928,000[37] - The profit before tax for the group was HKD 10,856,000, with a profit of HKD 8,923,000 from the segments, including HKD 4,345,000 from digital media services and HKD 5,224,000 from other media services[37] - The group reported external customer revenue of HKD 33,412,000, with digital media services accounting for HKD 21,685,000 and other media services for HKD 11,049,000[37] - The group incurred a loss of HKD 646,000 in printing media services, while other media services generated a profit of HKD 5,224,000[37] Expenses and Tax - Total expenses for sales costs, distribution expenses, and administrative expenses amounted to HKD 26,772 million, down from HKD 38,482 million, a reduction of about 30.5%[47] - The company recorded a tax expense of HKD 392 million, significantly lower than HKD 1,129 million in the previous year, reflecting a decrease of approximately 65.2%[48] Operational Insights - The group continues to focus on expanding its digital media services, which provide comprehensive advertising solutions across various platforms[33] - The management team is committed to strategic decision-making based on internal reports to assess performance and allocate resources effectively[32] - The company has identified potential acquisition targets in film production, digital advertising, and media services, but no formal agreements have been established as of the report date[102] - The company hired additional sales personnel to support the growth of its digital media services division, with plans to recruit more in the future[98] - The internal IT systems have been upgraded, and advanced production equipment has been procured to enhance production efficiency[98] - The company has conducted six live performance events since its listing date, focusing on event planning[98] Shareholder Information - As of September 30, 2020, the directors and key executives collectively hold 67.5% of the issued share capital through controlled corporations[107] - Blackpaper BVI holds 182,250,000 shares, representing 67.5% of the issued share capital[112] Accounting and Compliance - The group has not adopted several new accounting standards that are expected to have no significant impact on the consolidated financial statements[25] - The group anticipates that the new accounting standards and interpretations will not have a significant impact on its financial reporting[25] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the period[127] Market Impact - The impact of the COVID-19 outbreak on the group's business for the six months ending September 30, 2020, is not significant, but future operations and financial performance may be affected if the situation persists[118] Dividends and Securities - The company did not declare an interim dividend for the period, consistent with the previous year[54] - The company has not purchased, sold, or redeemed any of its listed securities during the period[120] - The company has not granted any stock options since the adoption of the stock option plan on March 2, 2018, and there are no unexercised stock options during this period[117]

Financial Performance - The group's revenue for the fiscal year ending March 31, 2020, was approximately HKD 76.9 million, a decrease of about 23.5% from HKD 100.5 million in the previous fiscal year[9] - The group's profit before tax decreased by approximately 17.1% to about HKD 15.0 million, down from HKD 18.1 million in the previous fiscal year, primarily due to reduced profits from the digital media services segment[9] - Revenue from the digital media services segment, which accounted for approximately 75.4% of total revenue, fell from HKD 87.3 million to HKD 58.0 million, a decline of about 33.6%[17] - The printing media services segment maintained stable revenue at approximately HKD 3.6 million, compared to HKD 3.9 million in the previous fiscal year, with a profit before tax of about HKD 23,000[18] - Other media services revenue increased from approximately HKD 9.3 million to HKD 15.3 million, with a profit before tax of about HKD 11.2 million for the fiscal year[18] - The digital media services segment's profit before tax decreased from HKD 19.7 million to HKD 3.0 million due to economic recession impacts[17] - Profit before tax decreased from approximately HKD 18.1 million in 2019 to HKD 15.0 million in 2020, primarily due to a decrease in revenue from the digital media services segment[29] - Gross profit decreased from approximately HKD 38.2 million for the year ended March 31, 2019, to about HKD 32.2 million, a decline of approximately HKD 6.0 million or 15.8%[22] - The overall gross profit margin increased from approximately 38.0% in 2019 to 41.8% in 2020[23] Cost Management - Sales cost decreased from approximately HKD 62.3 million for the year ended March 31, 2019, to about HKD 44.8 million for the current year, a reduction of approximately HKD 17.5 million or 28.1%[21] - Selling and distribution expenses decreased from approximately HKD 7.1 million to about HKD 5.4 million, a reduction of approximately HKD 1.7 million or 23.9%[24] - Employee benefits expenses amounted to approximately HKD 34.1 million and HKD 32.2 million for the years ended March 31, 2019, and 2020, respectively[64] Future Plans and Strategies - The company plans to extend marketing channels to physical platforms in the fiscal year ending March 31, 2021, to enhance brand awareness and diversify activities[10] - The company plans to utilize the unutilized proceeds by March 31, 2021, focusing on growth through mergers and acquisitions, sales and marketing, and upgrading technology infrastructure[68] - The company plans to enhance its event planning capabilities and has hired a new employee with event planning experience[62] - The company aims to enhance its market presence through strengthened event planning and marketing efforts, although the number of sales and marketing personnel hired was lower than expected[69] - The company is in discussions with multiple service providers to upgrade its technology infrastructure, including its television website and mobile applications[69] - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the media and entertainment sector[87] Corporate Governance - The company has adhered to all corporate governance code provisions for the year ending March 31, 2020[103] - The board consists of three executive directors and three independent non-executive directors, ensuring a balanced composition[104] - The company has established a remuneration committee and a nomination committee to ensure proper governance practices[104] - The company has adopted a board diversity policy to enhance performance quality by considering factors such as gender, age, and professional experience[118] - The company has a structured process for appointing new directors based on skills, experience, and time commitment[108] - The company has engaged external professionals to review its internal control and risk management systems for the year, identifying and assessing significant risks[145] Risk Factors - The company faces competitive challenges in the online advertising industry, focusing on maintaining sustainable competitiveness through rapid technological adaptation[73] - The company relies heavily on social media platforms for distributing creative content, and any decline in the usage of these platforms could significantly impact operational performance[169] - The company faces risks related to changes in audience preferences, which can adversely affect business performance[170] - The company has not been able to keep pace with rapidly changing technology, which may lead to customer attrition and negatively impact business performance[171] - The company is dependent on a strong brand, and any negative customer feedback or publicity could adversely affect brand reputation[173] - The company operates primarily in a single regional market, making it vulnerable to adverse economic, social, or political developments that could significantly impact operations[177] - The company faces credit risk in its operations, and any significant payment delays or defaults by customers could negatively affect business and financial performance[178] Shareholder Relations - The company emphasizes the importance of effective communication with shareholders to enhance investor relations and transparency[153] - The company has strict controls and confidentiality measures for handling insider information, ensuring only necessary employees have access[148] - The company has no predetermined dividend payout ratio, and future dividends will depend on operational performance and financial conditions[151] - The company proposed a final dividend of HKD 0.048 per share, totaling approximately HKD 13 million based on 270 million shares issued, compared to HKD 14 million in 2019[164] Donations and Reserves - The company reported a total donation of HKD 1.3 million for the year, compared to HKD 51,000 in 2019[188] - As of March 31, 2020, the company's distributable reserves amounted to approximately HKD 67.1 million, an increase from HKD 65.8 million in 2019[189]

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 或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Most Kwai Chung Limited 毛 記 葵 涌 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1716） 截至2019年3月31日止年度年報的補充公告 兹提述毛記葵涌有限公司（「本公司」，連同其附屬公司統稱「本集團」）日期為2018 年 3 月 16 日 的 招 股 章 程（「 招 股 章 程」）及 本 公 司 截 至 2019 年 3 月 31 日 止 年 度 的 年 報 （「2019年年報」）。除另有界定者外，本公告所用詞彙與招股章程及2019年年報所 界定者具有相同涵義。 – 1 – 除2019年年報「業務策略與實際業務進展的比較」及「所得款項用途」兩節所披露的 資料外，董事會謹此根據上市規則附錄十六第11 (8)及11A段提供額外資料，內容 有關使用自股份發售籌集的所得款項淨額約53.5百萬港元（ ...

Financial Performance - Revenue for the six months ended September 30, 2019, was HKD 48,537,000, an increase of 0.9% compared to HKD 48,103,000 in 2018[4] - Gross profit for the same period was HKD 21,531,000, representing a gross margin of 44.4%, up from HKD 20,812,000 in 2018[4] - Net profit attributable to owners for the period was HKD 8,779,000, slightly down from HKD 8,877,000 in 2018[4] - Basic and diluted earnings per share were HKD 3.25, compared to HKD 3.29 in the previous year[4] - The profit before tax for the period was HKD 11,364,000, with digital media services generating a profit of HKD 7,044,000, print media services generating HKD 526,000, and other media services generating HKD 3,794,000[42] - The company reported a tax expense of HKD 1,129,000 for the period[42] - The income tax expense for the six months ended September 30, 2019, was HKD 1,129,000, down from HKD 1,276,000 in 2018, a decrease of 11.5%[54] Assets and Liabilities - Total assets as of September 30, 2019, were HKD 131,892,000, an increase from HKD 116,517,000 as of March 31, 2019[6] - Cash and cash equivalents increased to HKD 97,939,000 from HKD 88,361,000 at the end of the previous period[14] - Trade receivables rose to HKD 17,295,000 from HKD 13,791,000, indicating improved collection efficiency[6] - The total equity attributable to owners increased to HKD 108,209,000 from HKD 98,978,000[6] - The total liabilities recognized for leases as of April 1, 2019, included both current and non-current lease liabilities amounting to HKD 905,000[32] Revenue Breakdown - For the six months ended September 30, 2019, total revenue was HKD 50,112,000, with digital media services contributing HKD 39,645,000, print media services contributing HKD 3,481,000, and other media services contributing HKD 6,986,000[42] - The company reported external customer revenue of HKD 48,537,000, with digital media services accounting for HKD 39,645,000, print media services for HKD 3,481,000, and other media services for HKD 5,411,000[42] - Media services revenue decreased to HKD 40,053,000 in 2019 from HKD 41,535,000 in 2018, a decline of 3.6%[46] - Digital media services revenue decreased from approximately HKD 41.4 million to about HKD 39.6 million, a decline of about 4.3%[79] - Other media services revenue increased from approximately HKD 3.2 million to about HKD 5.4 million, with a pre-tax profit increase from HKD 1.5 million to HKD 3.8 million[81] Operating Activities - The company reported a cash inflow from operating activities of HKD 9,220,000, a significant recovery from a cash outflow of HKD 652,000 in the prior year[14] - Total operating expenses, including cost of sales and administrative expenses, amounted to HKD 38,482,000, slightly up from HKD 38,438,000 in the previous year[49] - The group recorded a pre-tax profit of approximately HKD 10.2 million and HKD 9.9 million for the respective periods[92] Corporate Governance and Compliance - The company has complied with all provisions of the corporate governance code during the reporting period[130] - The audit committee was established on March 2, 2018, and its written terms of reference comply with the relevant listing rules[132] Shareholder Information - Major shareholders include Blackpaper BVI, holding 182,250,000 shares, representing 67.5% of the issued share capital[115] - The company has issued 270,000,000 shares as of September 30, 2019, with no changes in its capital structure since listing[98] Future Outlook - The company plans to continue expanding its multimedia services and advertising offerings to drive future growth[17] Miscellaneous - The company did not declare an interim dividend for the period, consistent with the previous year[62] - The company has no significant contingent liabilities as of March 31, 2019, and September 30, 2019[103] - There are no foreign exchange risks as all transactions and cash equivalents are denominated in HKD[104] - The company has no pledged assets as of March 31, 2019, and September 30, 2019[105] - The total number of full-time employees remained stable at 106 as of both March 31, 2019, and September 30, 2019[106] - The company has not introduced any new products or technologies during this reporting period[46] - No stock options were granted since the adoption of the stock option plan on March 2, 2018, and there are no unexercised stock options during this period[123] - There were no significant events affecting the group from the end of the reporting period until the report date[124] - The company or any of its subsidiaries did not purchase, sell, or redeem any of the company's listed securities during the period[125]

Financial Performance - The company's revenue for the fiscal year ending March 31, 2019, was approximately HKD 100.5 million, representing a year-on-year increase of about 15.9% from HKD 86.7 million in the previous fiscal year[7]. - The profit before tax increased by approximately 48.4% to about HKD 18.1 million, up from HKD 12.2 million in the previous fiscal year, primarily due to the absence of non-recurring listing expenses[7]. - The group's revenue increased from approximately HKD 86.7 million for the year ended March 31, 2018, to approximately HKD 100.5 million for the year ended March 31, 2019, representing a growth of about 15.9%[20]. - The group's gross profit decreased from approximately HKD 44.5 million to approximately HKD 38.2 million, a decline of about 14.2%[22]. - The overall gross profit margin for the group was approximately 51.3% for the year ended March 31, 2018, and decreased to approximately 38.0% for the year ended March 31, 2019[23]. - Profit before tax increased from approximately HKD 12.2 million to approximately HKD 18.1 million, attributed to the absence of non-recurring listing expenses in the current year[29]. - The company reported a significant increase in revenue, achieving a total of $150 million for the fiscal year, representing a 20% growth compared to the previous year[87]. - The company reported a net profit margin of 12%, reflecting improved operational efficiency and cost management[87]. Revenue Segments - Digital media services accounted for approximately 86.9% of total revenue, maintaining stable performance compared to the previous fiscal year[8]. - Revenue from digital media services increased from approximately HKD 80.5 million to about HKD 87.3 million, reflecting a growth of approximately 8.4%[16]. - The revenue from the print media services segment decreased from approximately HKD 6.1 million to HKD 3.9 million, with losses reducing from about HKD 3.3 million to HKD 48,000[17]. Expenses and Costs - Sales costs rose from approximately HKD 42.2 million to approximately HKD 62.3 million, an increase of about HKD 20.1 million or 47.6%[21]. - Administrative expenses decreased from approximately HKD 26.3 million to approximately HKD 14.2 million, primarily due to the absence of non-recurring listing expenses[25]. - The total number of full-time employees increased from 94 to 110 between March 31, 2018, and March 31, 2019, with employee benefits expenses rising from approximately HKD 24.5 million to HKD 34.1 million[62]. Strategic Initiatives - The company planned to extend marketing channels into physical realms to enhance brand awareness and diversify event types and content for the fiscal year ending March 31, 2020[10]. - The company successfully organized three events during the fiscal year, contributing approximately HKD 8.5 million to revenue[8]. - The company has transitioned the publication of the "100毛" magazine from print to digital format, significantly reducing losses in the print media segment[8]. - The company has focused on event planning and has hired additional sales and marketing personnel to support the growth of its digital media services division[50][51]. - The internal IT systems have been upgraded, and new advanced production equipment has been procured to enhance production efficiency[58]. Future Outlook - The company anticipates that the advertising and media industry will remain challenging in the coming year[10]. - The company provided guidance for the next fiscal year, projecting revenue growth of 25% and aiming to reach $187.5 million[87]. - New product launches are expected to contribute an additional $30 million in revenue, with a focus on expanding the product line in the digital media sector[87]. - Market expansion efforts include entering two new regional markets, which are projected to add $10 million in revenue over the next year[87]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the technology sector[87]. Corporate Governance - The company has complied with all corporate governance code provisions for the year ending March 31, 2019[107]. - The board consists of three executive directors and three independent non-executive directors, ensuring a balanced composition for effective management[108]. - The company has adopted a board diversity policy to enhance performance through various factors including gender, age, and professional experience[121]. - The independent non-executive directors have confirmed their independence according to the listing rules, ensuring unbiased oversight[116]. - The board meets at least four times a year, with additional meetings as necessary, to discuss business strategies and financial performance[107]. - The company has established audit, remuneration, and nomination committees to ensure proper governance and accountability[108]. - The directors are responsible for ensuring the financial statements are prepared in accordance with applicable accounting standards and legal requirements[118]. - The company has not appointed a CEO; responsibilities are shared among the chairman and other directors[120]. - The board regularly reviews its composition to maintain a balance of skills and experience relevant to the company's business needs[112]. - The company emphasizes the importance of integrity and compliance with legal and ethical standards in its operations[117]. Risk Factors - The group’s performance is influenced by various risks, including reliance on social media platforms for advertising, which could significantly impact operational results if usage declines[180]. - The company’s business model is project-based, and failure to retain existing clients or attract new ones could severely affect operational performance[185]. - The group faces credit risk, and any significant payment delays or defaults by clients may negatively impact business and financial performance[189]. Shareholder Engagement - The company emphasizes the importance of effective communication with shareholders to enhance investor relations and transparency[162]. - The company encourages shareholders to attend meetings and communicate directly with the board regarding any concerns[164]. - The proposed final dividend is HKD 0.052 per share, totaling approximately HKD 14.0 million based on 270,000,000 shares[68]. - The company will suspend share registration from August 2 to August 8, 2019, to determine eligibility for attending the annual general meeting[176].