Group 1 - The company, 港亚控股, has entered into a subscription agreement and convertible note subscription agreement, which involves the issuance and subscription of new shares and convertible notes [1] - The subscription price for the new shares is set at HKD 4.01, with a total of 3.272 million subscription shares to be issued, representing approximately 0.81% of the enlarged share capital [1] - The total principal amount of the convertible notes is HKD 52.3776 million, with an initial conversion price of HKD 5 per share, potentially leading to the issuance of approximately 10.4755 million conversion shares, which would represent about 2.53% of the enlarged issued share capital [1] Group 2 - The estimated net proceeds from the subscription of shares, after expenses, is approximately HKD 12.8583 million, with a net price per share of about HKD 3.93 [2] - The estimated net proceeds from the issuance of convertible notes, after expenses, is approximately HKD 51.33 million, with a net price per conversion share of about HKD 4.90 [2] - The company plans to use the net proceeds primarily for general working capital (up to approximately HKD 6.4188 million, or about 10% of total net proceeds) and to explore potential investment opportunities in cryptocurrency and Web 3.0 (up to approximately HKD 57.7695 million, or about 90% of total net proceeds) [2]

本公司董事会观察到，加密货币在商业世界日趋普及，加密货币(尤其是比特币)纳入投资组合。董事会 相信加密货币整体而言(包括比特币，其作为最先普及的加密货币之一及市值最大的加密货币，乃可靠 的价值储存工具)仍有一定升值空间。同时，经考虑全球经济未见明朗、世界各地政府亦正推行前所未 有的财政刺激措施(包括量化宽松措施)，全球中央银行大幅增加货币供应使法定货币承受贬值压力，董 事会相信比特币购买事项的规模具象征意义，标志着本集团在顺应不断变化的全球金融格局方面迈出了 重要一步，并可令本集团的投资组合更多元化，同时提升其资产价值。 比特币购买事项为本集团资产分配策略的一环。将本集团部分资金分配至加密货币亦能在资金管理中分 散持有现金。本集团亦注意到，加密货币的价格可能大幅波动，因此董事会目前决定投资按市值计规模 最大的加密货币比特币，这将在长远上提升股东价值。董事会亦认为此举可向投资者及持份者表明本集 团拥抱技术创新的抱负及决心，从而为进军区块链行业做足准备。 智通财经APP讯，港亚控股(01723)发布公告，于2025年4月11日(交易时段后)，本集团在公开市场进一 步购入约10个单位的比特币，总代价为626.78万 ...

Financial Performance - The group's revenue for the six months ended September 30, 2024, was approximately HKD 98.5 million, a decrease of about 23.6% compared to HKD 129.0 million for the same period in 2023[13]. - Gross profit decreased from approximately HKD 31.8 million to about HKD 18.5 million, representing a decline of approximately 41.8%[16]. - Overall gross margin fell from approximately 24.7% to about 18.8% due to increased discounts offered to customers amid intense market competition[16]. - Profit attributable to the company's owners for the period was approximately HKD 0.7 million, a significant decrease of about 93.5% from HKD 10.8 million in the same period last year[23]. - Revenue for the six months ended September 30, 2024, was HKD 98,542,000, a decrease of 23.5% compared to HKD 129,004,000 for the same period in 2023[63]. - Gross profit for the same period was HKD 18,478,000, down 42.5% from HKD 31,873,000 year-over-year[63]. - Profit before tax decreased significantly to HKD 827,000, compared to HKD 13,041,000 in the previous year, representing a decline of 93.7%[63]. - Net profit for the period was HKD 691,000, a decrease of 93.6% from HKD 10,841,000 in the prior year[63]. - Basic and diluted earnings per share dropped to HKD 0.17 from HKD 2.71, reflecting a decline of 93.7%[63]. - Operating cash flow for the six months was HKD 378,000, a significant decrease from HKD 37,976,000 in the same period last year[69]. Expenses and Liabilities - Selling and distribution expenses increased to approximately HKD 12.4 million, up about 2.5% from HKD 12.1 million in the same period last year[18]. - Administrative expenses decreased to approximately HKD 6.4 million from HKD 8.1 million in the same period last year, primarily due to reduced employee costs[19]. - Current liabilities increased to HKD 120,098,000 from HKD 119,527,000, showing a slight rise of 0.5%[65]. - The group incurred capital expenditures of approximately HKD 433,000 for property, plant, and equipment during the six months ended September 30, 2024[101]. Assets and Inventory - Total assets decreased to HKD 105,230,000 from HKD 124,539,000, indicating a decline of 15.5%[65]. - Total inventory as of September 30, 2024, was approximately HKD 45.2 million, a slight decrease from HKD 45.8 million as of March 31, 2024[24]. - The cost of inventory recognized as an expense for the six months ended September 30, 2024, was HKD 80,064,000, a decrease of 17.6% from HKD 97,131,000 in 2023[91]. Shareholder Information - The issued share capital was HKD 4,000,000, with a total of 400,000,000 shares outstanding[30]. - The largest shareholder, Mr. Siu Muk Lung, holds 70.26% of the shares, amounting to 281,070,000 shares[43]. - As of September 30, 2024, Ms. Li Zhenyu holds 281,070,000 shares, representing 70.26% of the company's ordinary shares[47]. - The total number of shares that can be issued under the share option plan is capped at 40,000,000 shares, which is 10% of the total shares issued as of the listing date[50]. - The company declared a special dividend of HKD 0.05 per ordinary share on September 20, 2024, compared to HKD 0.15 per ordinary share for the six months ended September 30, 2023[53]. - No interim dividend was recommended for the period ending September 30, 2023[54]. - The company has maintained a public float of at least 25% of its total issued shares during the reporting period[56]. - There were no share options granted, exercised, cancelled, or lapsed under the share option plan from the adoption date until the report date[51]. Corporate Governance and Compliance - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2024[60]. - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[52]. - There were no significant events after the reporting period that would have a material impact on the group's operations and financial performance[59]. - The company has complied with the corporate governance code during the reporting period[55]. Other Income and Receivables - Other income for the period was approximately HKD 1.3 million, down about 18.8% from HKD 1.6 million in the same period last year[17]. - Accounts receivable as of September 30, 2024, was HKD 1,876,000, a decrease from HKD 1,966,000 as of March 31, 2024[102]. - The group reported a total of HKD 11,067,000 in deposits, prepayments, and other receivables as of September 30, 2024, compared to HKD 6,669,000 as of March 31, 2024[106]. - Accounts payable as of September 30, 2024, was HKD 337,000, down from HKD 441,000 as of March 31, 2024[107]. Employee Information - The total number of employees decreased from 47 to 44, with total compensation for the period amounting to approximately HKD 8.0 million, down from HKD 8.6 million[33]. - Total remuneration for key management personnel for the six months ended September 30, 2024, was HKD 2,430,000, down from HKD 3,210,000 for the same period in 2023[114]. - Rental expenses paid to related parties amounted to HKD 500,000 for the six months ended September 30, 2024, compared to HKD 496,000 in the previous year[114].

Financial Performance - The company's revenue for the six months ended September 30, 2024, was approximately HKD 98.5 million, a decrease of about 23.6% compared to HKD 129.0 million for the same period in 2023[20] - Gross profit decreased from approximately HKD 31.8 million to about HKD 18.5 million, representing a decline of approximately 41.8%[23] - Overall gross margin fell from approximately 24.7% to about 18.8% due to increased discounts offered to customers amid intense market competition[23] - Other income for the period was approximately HKD 1.3 million, down about 18.8% from HKD 1.6 million in the same period last year[24] - Profit attributable to the owners of the company for the period was approximately HKD 0.7 million, a significant decrease of about 93.51% compared to HKD 10.8 million for the same period last year[30] - The company recorded a profit before tax of HKD 827,000, a significant decline of 93.6% from HKD 13,041,000 in the previous year[72] - The net profit attributable to shareholders for the period was HKD 691,000, compared to HKD 10,841,000 in the prior year, representing a decrease of 93.6%[72] - Basic and diluted earnings per share were HKD 0.17, down from HKD 2.71 in the same period last year[72] Expenses and Costs - Selling and distribution expenses were approximately HKD 12.4 million, an increase of about 2.5% compared to HKD 12.1 million for the same period in 2023[25] - Administrative expenses for the period amounted to approximately HKD 6.4 million, a decrease of about 20.99% compared to HKD 8.1 million for the same period last year[26] - Financing costs for the six months ended September 30, 2024, were approximately HKD 0.2 million, down from HKD 0.3 million for the same period last year, representing a reduction of about 33.33%[27] - The group's profit before tax for the six months ended September 30, 2024, was significantly impacted by inventory costs, depreciation of property, plant, and equipment, and employee benefits, totaling HKD 80,064,000, compared to HKD 97,131,000 in the same period of 2023, representing a decrease of approximately 17.6%[97] - Tax expenses for the current year amounted to HKD 136,000, a substantial decrease of 93.8% from HKD 2,200,000 in the previous year, reflecting the application of the two-tier profits tax regime[98][99] Cash Flow and Assets - Net cash generated from operating activities for the six months ended September 30, 2024, was HKD 378,000, significantly lower than HKD 37,976,000 in the previous year[79] - The company reported a net cash outflow from financing activities of HKD 3,213,000 for the six months ended September 30, 2024, compared to HKD 63,650,000 in the same period last year[79] - The company's cash and cash equivalents at the end of the period were HKD 62,307,000, a decrease from HKD 65,575,000 at the beginning of the period[79] - The total assets less current liabilities as of September 30, 2024, amounted to HKD 105,423,000, down from HKD 126,046,000 as of March 31, 2024[12] - The total equity as of September 30, 2024, was HKD 105,230,000, down from HKD 124,539,000 as of March 31, 2024[12] Dividends and Shareholder Returns - The company declared a special dividend of HKD 0.05 per share, compared to HKD 0.15 per share in the previous period[61] - A special dividend of HKD 0.05 per share was declared, totaling HKD 20,000,000, down from HKD 60,000,000 (HKD 0.15 per share) in the previous year[104] - The company incurred a net loss of HKD 20,000,000 in retained earnings due to the special dividend declared[77] Operational Developments - The company plans to expand its sales network by increasing the number of retailers and enhancing inventory management capabilities[19] - The company has launched additional prepaid products for overseas mobile data services and local phone services during the period[17] - The company aims to increase its market share in the prepaid products sector targeting Indonesian and Philippine users[18] - The company has opened a new self-operated retail store in Mei Foo, bringing the total to seven stores in Hong Kong[17] Employee and Management Information - The total number of employees as of September 30, 2024, was 44, a decrease from 47 employees as of September 30, 2023, with total employee compensation for the period amounting to approximately HKD 8.0 million[40] - Total compensation for key management personnel for the six months ended September 30, 2024, was HKD 2,430,000, a decrease of 24.2% from HKD 3,210,000 in the same period of 2023[121] Inventory and Receivables - The group's inventory as of September 30, 2024, was approximately HKD 45.2 million, a slight decrease of about 1.31% from HKD 45.8 million as of March 31, 2024[31] - Accounts receivable as of September 30, 2024, was HKD 1,876,000, a decrease from HKD 1,966,000 as of March 31, 2024, indicating improved collection efficiency[108] - The aging analysis of accounts receivable shows that all receivables were within 21 days as of September 30, 2024, compared to HKD 1,966,000, which included overdue amounts in the previous period[109] Other Financial Information - The effective tax rate for the period was approximately 16.5%, slightly down from 16.9% for the same period last year[29] - The group had no bank and other borrowings as of September 30, 2024, consistent with the previous period[33] - The total number of issued shares remained stable at 400,000,000, with a par value of HKD 0.01 per share as of September 30, 2024[118] - No share options have been granted, exercised, cancelled, or lapsed under the share option scheme since its adoption[59] - The company did not purchase, sell, or redeem any of its listed securities during the period[60] - There were no significant events after the reporting period that would have a material impact on the company's operations and financial performance[68]

Financial Performance - The group's revenue for the year ended March 31, 2024, increased by approximately 23.4% to about HKD 252.4 million, compared to HKD 204.6 million for the previous year[9]. - Net profit for the year rose by approximately 279.5% to about HKD 14.8 million, up from HKD 3.9 million in the previous year[9]. - The gross profit increased by approximately HKD 16.3 million or 36.0% to about HKD 61.6 million, with the overall gross margin rising from approximately 22.1% to about 24.4%[14]. - Other income for the year was approximately HKD 2.5 million, a decrease of about 19.4% from approximately HKD 3.1 million in the previous year[15]. - Sales and distribution expenses for the year amounted to approximately HKD 23.4 million, an increase of about 4.0% compared to HKD 22.5 million in the previous year[17]. - Administrative expenses for the year were approximately HKD 23.1 million, reflecting a 9.0% increase from HKD 21.2 million in the previous year[18]. - Profit attributable to the owners for the year was approximately HKD 14.8 million, a significant increase of about 279.5% from HKD 3.9 million in the previous year[21]. - Inventory as of March 31, 2024, was approximately HKD 45.8 million, a decrease of about HKD 14.0 million from HKD 59.8 million in the previous year, primarily due to increased sales[22]. - Current assets net value as of March 31, 2024, was approximately HKD 106.8 million, down from HKD 163.3 million in the previous year, with a current ratio decrease from approximately 22.4 times to 9.4 times[24]. Business Expansion and Strategy - The group plans to expand its business and increase market share in the prepaid products sector targeting Indonesian and Philippine users[10]. - The group aims to increase the number of retailers in its sales network and enhance advertising and marketing activities[10]. - The group acquired ten new products for sale that can be used for local calls and mobile data services in Hong Kong, and nine products for overseas mobile data services[12]. - The group has established an online platform for selling prepaid products and has acquired a property in Hong Kong for office use[12]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by 2025[45]. - New product launches are expected to contribute an additional $200 million in revenue, with a focus on innovative mobile accessories[44]. Employee and Compensation - The total employee compensation for the year was approximately HKD 24.4 million, up from HKD 21.8 million in the previous year, with an increase in the number of employees from 45 to 47[30]. - As of March 31, 2024, the group had 47 employees, with 14 males and 33 females, representing 29.8% and 70.2% respectively, indicating a stable overall workforce[93]. Corporate Governance - 港亞控股有限公司董事會致力於維持高標準的企業管治，以保障股東權益和提升企業價值[61]. - 公司已遵守適用的企業管治守則，並將定期審查和加強公司管治常規[61]. - 公司董事確認在本年度內遵守上市發行人董事進行證券交易的標準守則[64]. - 財務總監陳謙先生擁有超過30年的審計、財務及公司秘書工作經驗[56]. - 行政經理張月娥女士在市場推廣及行政領域擁有豐富經驗，曾擔任多個高級職位[57]. - 獨立非執行董事蕭喜樂先生在銀行業擁有超過30年的經驗，曾擔任多個高級職位[52]. - 獨立非執行董事霍錦就先生為香港獨立非執行董事協會創會會員，並擁有多項專業資格[53]. - 公司已採納聯交所證券上市規則附錄C1所載的企業管治守則作為企業管治常規的基礎[61]. - 公司致力於以誠信、透明和負責的態度行事，以達到長遠業務目標[61]. - 公司將為股東帶來滿意及可持續的回報，並維持崇高的商業道德標準[62]. Risk Management and Internal Control - The company maintains a robust internal control and risk management system, overseen by the board[75]. - The board believes that the risk management and internal control systems of the group are effective and adequate for the year[112]. - The Audit Committee assists the board in overseeing the design, implementation, and monitoring of risk management and internal control systems[110]. - The company has engaged an independent professional advisor to conduct regular reviews of the risk management and internal control systems[110]. - The company has established a whistleblowing procedure for employees to confidentially report concerns regarding financial reporting or internal controls[113]. - The company has implemented various policies and procedures to ensure effective risk management and compliance with applicable laws and regulations in Hong Kong[110]. Shareholder Communication and Dividends - The company emphasizes effective communication with shareholders to enhance investor relations and understanding of business performance[131]. - The company has established a shareholder communication policy to ensure equal and timely access to comprehensive information for shareholders[132]. - The board has approved a dividend payout of $0.10 per share, reflecting a 10% increase from the previous year[50]. - The company declared a special dividend of HKD 0.15 per share on August 17, 2023, to be paid on September 18, 2023[143]. - The board does not recommend a final dividend for the current fiscal year[144]. - The board considers various factors, including financial performance and cash flow, when proposing dividends[146]. Customer and Supplier Concentration - The company's major customer accounted for approximately 9.3% of total sales, while the top five customers represented about 21.3% of total sales for the year[160]. - The largest supplier accounted for approximately 53.3% of total procurement for the year[160]. - The company has a concentrated customer base, and any loss of business from major customers could significantly impact operations and financial condition[140]. - The company has a concentrated supplier base, and any loss of business from major suppliers could also adversely affect operations and financial condition[141]. Compliance and Legal Matters - There were no significant violations of applicable anti-corruption laws and regulations noted during the year[117]. - The company has implemented compliance and risk management policies, ensuring adherence to significant legal and regulatory requirements[200]. - The company has not entered into any significant contracts with its controlling shareholder or its subsidiaries during the year[175]. - There are no known competitive businesses or conflicts of interest involving the directors or controlling shareholders during the year[176].

Financial Performance - The group's revenue for the year ended March 31, 2024, was approximately HKD 252.4 million, an increase of about 23.4% compared to approximately HKD 204.6 million for the same period in 2023[4] - The gross profit for the year ended March 31, 2024, was approximately HKD 61.6 million, representing a 36.0% increase from approximately HKD 45.3 million in 2023[4] - The profit for the year ended March 31, 2024, was approximately HKD 14.8 million, a significant increase of approximately 279.5% compared to approximately HKD 3.9 million in 2023[4] - Basic and diluted earnings per share for the year ended March 31, 2024, were approximately HKD 3.71, compared to HKD 0.99 in 2023[4] - The company's profit before tax for the year ended March 31, 2024, was HKD 14,842,000, compared to HKD 3,940,000 in the previous year, reflecting a significant increase[30] Dividends - The board of directors did not recommend the payment of a final dividend for the year ended March 31, 2024[4] - The company declared a special dividend of HKD 0.15 per ordinary share, totaling HKD 60,000,000 for the year ended March 31, 2024[31] - The board does not recommend a final dividend for the year ending March 31, 2024, similar to the previous year[67] Assets and Liabilities - Non-current assets increased to HKD 19.2 million in 2024 from HKD 8.1 million in 2023[7] - Current assets decreased to HKD 119.5 million in 2024 from HKD 170.9 million in 2023[7] - The net current asset value was HKD 106.8 million in 2024, down from HKD 163.3 million in 2023[9] - Total equity decreased to HKD 124.5 million in 2024 from HKD 169.7 million in 2023[9] - Current assets decreased to approximately HKD 106.8 million from HKD 163.3 million, resulting in a current ratio decline from about 22.4 times to approximately 9.4 times[53] - The equity-to-debt ratio is zero as the company has no outstanding debts[55] - As of March 31, 2024, the company had no bank or other borrowings, consistent with the previous year[54] Revenue Sources - The group primarily engages in wholesale and retail sales of prepaid products, including SIM cards and value-added vouchers in Hong Kong[11] - Revenue from prepaid products for the year ended March 31, 2024, was HKD 252,383,000, an increase of 23.3% from HKD 204,568,000 in the previous year[26] - Major customers contributed significantly to revenue, with Customer A generating HKD 24,247,000 in 2024, while Customer B contributed HKD 20,583,000 in 2023[23] Operational Costs - The interest expense on lease liabilities increased to HKD 395,000 in 2024 from HKD 250,000 in 2023, indicating rising financing costs[28] - The total employee benefits expense, including directors' remuneration, rose to HKD 24,665,000 in 2024 from HKD 21,813,000 in 2023, reflecting increased operational costs[29] - Selling and distribution expenses increased by approximately 4.0% to about HKD 23.4 million, driven by higher employee costs and advertising expenses[46] - The company reported a decrease in miscellaneous income from HKD 105,000 in 2023 to HKD 12,000 in 2024, indicating a decline in non-operational revenue sources[26] Inventory and Receivables - Accounts receivable increased to approximately HKD 1,966,000, up from HKD 1,456,000, with a notable rise in receivables aged 0 to 21 days from HKD 483,000 to HKD 1,250,000[34][36] - Inventory decreased to approximately HKD 45.8 million from HKD 59.8 million, a reduction of about 14.0 million, attributed to increased sales during the year[51] Business Development - The company launched 16 new prepaid products for overseas mobile data services during the year, expanding its product offerings significantly[39] - The company plans to increase the number of retailers in its sales network and enhance advertising and marketing activities to capture growth opportunities post-COVID-19[40] - The company plans to explore new business opportunities to enhance shareholder value in the future[65] Governance and Compliance - The company has not applied any new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective, indicating a stable accounting policy environment[17] - The company expects no significant impact on the consolidated financial statements from the application of all new and revised Hong Kong Financial Reporting Standards in the foreseeable future[18] - The company has established an Environmental, Social, and Governance (ESG) committee to oversee related policies and practices[70] Other Information - The issued share capital remains at HKD 4,000,000 with 400,000,000 shares at a par value of HKD 0.01 each[56] - The total employee count increased to 47 from 45, with total compensation rising to approximately HKD 24.4 million from HKD 21.8 million in the previous year[59] - The company acquired a property in Hong Kong for office use at a cost of HKD 9,000,000 during the year[61] - There are no significant contingent liabilities as of March 31, 2024, consistent with the previous year[66] - The company has no capital commitments as of March 31, 2024, compared to approximately HKD 197,000 in the previous year[64]

Financial Performance - The group's revenue for the six months ended September 30, 2023, was approximately HKD 129.0 million, an increase of about 47.3% compared to approximately HKD 87.6 million for the same period in 2022[12]. - The profit attributable to the company's owners for the period was approximately HKD 10.8 million, representing an increase of about 86.2% from approximately HKD 5.8 million in the same period last year[21]. - The gross profit increased by approximately HKD 5.3 million or 19.9% to about HKD 31.9 million, while the overall gross margin decreased from approximately 30.4% to about 24.7% due to increased discounts offered to customers[14]. - Revenue for the six months ended September 30, 2023, was HKD 129,004,000, representing a 47.1% increase from HKD 87,560,000 in the same period last year[60]. - Gross profit for the same period was HKD 31,873,000, up 19.5% from HKD 26,647,000 year-over-year[60]. - Profit before tax increased to HKD 13,041,000, a 86.5% rise compared to HKD 6,990,000 in the previous year[60]. - Net profit for the period was HKD 10,841,000, which is a 87.5% increase from HKD 5,790,000 year-over-year[60]. - Total comprehensive income for the period ended September 30, 2023, was HKD 10,841,000, compared to HKD 5,790,000 for the same period in 2022, indicating an increase of 87.5%[64]. Expenses and Costs - Selling and distribution expenses for the period were approximately HKD 12.1 million, an increase of about 7.1% from approximately HKD 11.3 million in the same period last year[16]. - Administrative expenses for the period were approximately HKD 8.1 million, a decrease from approximately HKD 9.7 million in the same period last year, mainly due to reduced employee costs[17]. - The total expenses for inventory costs recognized during the six months ended September 30, 2023, were HKD 100,578,000, an increase of 64.2% from HKD 60,913,000 in 2022[83]. - The tax expense for the six months ended September 30, 2023, was HKD 2,200,000, up from HKD 1,200,000 in the same period of 2022, representing an increase of 83.3%[84]. Cash Flow and Assets - The company's cash and bank balances decreased to HKD 61,518,000 from HKD 97,080,000[62]. - The net cash generated from operating activities for the six months ended September 30, 2023, was HKD 37,976,000, a decrease of 22.4% from HKD 48,887,000 in the previous year[66]. - The total cash and cash equivalents decreased by HKD 35,562,000 during the period, contrasting with an increase of HKD 46,422,000 in the same period last year[66]. - The cash and cash equivalents at the end of the period were HKD 61,518,000, down from HKD 108,850,000 at the end of the same period last year, reflecting a decrease of 43.4%[66]. - Total assets as of September 30, 2023, were HKD 111,926,000, down from HKD 170,946,000 as of March 31, 2023[62]. Shareholder Information - The issued share capital as of September 30, 2023, was HKD 4,000,000, with 400,000,000 shares issued at a par value of HKD 0.01 each[27]. - Mr. Siu Muk Lung held 281,070,000 shares, representing approximately 70.26% of the total issued shares as of September 30, 2023[38]. - The company declared a special dividend of HKD 0.15 per share on August 17, 2023, payable on September 18, 2023[49]. - The company did not recommend an interim dividend for the current period, consistent with no interim dividend declared in the same period last year[50]. - A special dividend of HKD 0.15 per ordinary share was declared, totaling HKD 60,000,000, while no interim dividend was recommended for the six months ended September 30, 2023[90]. Business Development and Strategy - The group established an online platform during the period to facilitate customer top-ups for prepaid products and launched additional prepaid products for local and overseas mobile data services[10]. - The group plans to expand its sales network by increasing the number of retailers and enhancing inventory management capabilities to capture growth opportunities post-COVID-19[11]. - The group aims to increase its market share in the prepaid products sector targeting Indonesian and Philippine users, as well as other users[11]. - The group plans to explore new business opportunities to enhance shareholder value at the appropriate time[35]. Employee and Management Information - The total number of employees increased to 47 as of September 30, 2023, compared to 43 a year earlier, with total employee compensation for the period amounting to approximately HKD 8.6 million, down from HKD 11.0 million[30]. - The total remuneration for key management personnel for the six months ended September 30, 2023, was HKD 3,242,000, a decrease from HKD 6,142,000 for the same period in 2022[99]. Inventory and Receivables - Inventory as of September 30, 2023, was approximately HKD 42.0 million, a decrease of about HKD 17.8 million from approximately HKD 59.8 million as of March 31, 2023, primarily due to increased sales[22]. - Accounts receivable as of September 30, 2023, was HKD 1,163,000, a decrease from HKD 1,456,000 as of March 31, 2023[92]. - The aging analysis of accounts receivable shows that HKD 1,163,000 was within 0 to 21 days, while there were no amounts overdue beyond 21 days as of September 30, 2023[93]. - The total amount of deposits, prepayments, and other receivables was HKD 6,572,000 as of September 30, 2023, down from HKD 9,077,000 as of March 31, 2023[95]. Property and Capital Commitments - The group acquired a property in Hong Kong for office use at a cost of HKD 9.0 million during the period[32]. - There were no capital commitments related to the acquisition of properties, plants, and equipment as of September 30, 2023, compared to HKD 197,000 as of March 31, 2023[34]. - The group paid approximately HKD 9,888,000 for the acquisition of property, plant, and equipment during the six months ended September 30, 2023, compared to HKD 934,000 for the year ended March 31, 2023[91]. Liabilities and Financial Position - The group had no bank or other borrowings as of September 30, 2023, remaining at zero since March 31, 2023[24]. - The equity-to-debt ratio was zero as of September 30, 2023, consistent with no outstanding debts[25]. - The group has no significant contingent liabilities as of September 30, 2023, remaining unchanged since March 31, 2023[36].

Financial Performance - The company's revenue for the fiscal year ended March 31, 2023, increased by approximately 11.8% to about HKD 204.6 million, compared to HKD 183.0 million in the previous year[9]. - The net profit for the year decreased by approximately 80.0% to about HKD 3.9 million, down from HKD 19.5 million in the previous year[9]. - Sales to Indonesian and Philippine users increased by approximately HKD 39.6 million, partially offset by a decrease of about HKD 18.0 million in sales to other users[9]. - The gross profit decreased by approximately HKD 13.9 million or 23.5% to about HKD 45.3 million, with the overall gross margin dropping from approximately 32.3% to about 22.1%[16]. - Other income increased by approximately 106.7% to about HKD 3.1 million, compared to HKD 1.5 million in the previous year[17]. - Selling and distribution expenses decreased by approximately 4.7% to about HKD 22.5 million, down from HKD 23.6 million in the previous year[19]. - Administrative expenses increased by approximately 57.0% to about HKD 21.2 million, compared to HKD 13.5 million in the previous year[20]. - The company's profit attributable to owners for the year was approximately HKD 3.9 million, a decrease of about 80.0% compared to approximately HKD 19.5 million for the year ended March 31, 2022[23]. Assets and Liabilities - As of March 31, 2023, the group's inventory was approximately HKD 59.8 million, a decrease of approximately HKD 36.9 million from approximately HKD 96.7 million as of March 31, 2022, primarily due to increased sales[24]. - The net current assets as of March 31, 2023, were approximately HKD 163.3 million, an increase from approximately HKD 159.2 million as of March 31, 2022, with the current ratio rising from about 18.3 times to about 22.4 times[26]. - The company had no outstanding debts as of March 31, 2023, maintaining a debt-to-equity ratio of zero[28]. - The company's distributable reserves as of March 31, 2023, amounted to HKD 65,950,000, slightly down from HKD 66,039,000 in the previous year[154]. Business Strategy and Development - The company plans to expand its market share in the prepaid product sector targeting Indonesian and Philippine users, and other users[10]. - The company is developing an online platform for prepaid product sales[10]. - The company has obtained 14 new prepaid products from suppliers for sale during the fiscal year[14]. - The company plans to explore new business opportunities to enhance shareholder value at an appropriate time[37]. Corporate Governance - The company reported a commitment to high standards of corporate governance, ensuring shareholder interests and enhancing corporate value[62]. - The board of directors confirmed compliance with the corporate governance code throughout the year, maintaining transparency and accountability[62]. - The company has adopted the principles and code provisions of the corporate governance code as the foundation for its governance practices[62]. - The board consists of a diverse group of members, including executive, non-executive, and independent directors, ensuring effective oversight[68]. - The roles of the chairman and the chief executive officer are separated to enhance governance and operational effectiveness[70]. - The company emphasizes the importance of ethical business standards and aims to provide high-quality products and services to customers[63]. - The board is responsible for strategic decision-making and monitoring the company's performance in the best interests of shareholders[66]. - The company has established written guidelines for employees likely to possess unpublished sensitive price information to prevent insider trading[65]. - The company has a dedicated audit committee to oversee financial reporting and compliance matters[68]. Risk Management - The board confirmed its responsibility for risk management and internal control systems, which aim to manage risks rather than eliminate them[109]. - The audit committee assisted the board in overseeing the design, implementation, and monitoring of risk management and internal control systems[110]. - The board conducted an annual review of the effectiveness of the group's risk management and internal control systems, finding them to be effective and adequate for the year[112]. - The company has implemented various policies and procedures to ensure effective risk management across operational, financial reporting, and compliance aspects[110]. Employee and Board Composition - As of March 31, 2023, the group had 45 employees, with 12 males and 33 females, representing 26.7% and 73.3% respectively, indicating a stable overall workforce[93]. - The company aims to recommend at least one female candidate for board appointment by December 31, 2024, to enhance gender diversity on the board[91]. - The nomination committee is committed to maintaining diversity across various levels of the organization, considering factors such as gender, age, cultural background, and professional experience[92]. - The board's composition has not changed during the year, maintaining its established diversity policy goals[100]. Shareholder Relations - The company has adopted a shareholder communication policy to ensure timely and equal access to information for shareholders[132]. - The board is responsible for the timely and fair disclosure of inside information[114]. - The company has no significant uncertainties regarding its ability to continue as a going concern[119]. Charitable Contributions - The company made charitable donations of approximately HKD 750,000 for the year, compared to HKD 337,000 in the previous year, reflecting an increase in community support[156]. Compliance and Legal Matters - The company has implemented compliance and risk management policies, ensuring adherence to significant legal and regulatory requirements[199]. - There were no significant violations of anti-corruption laws and regulations noted during the year[117]. - The company has implemented a whistleblowing procedure for employees to confidentially report concerns regarding financial reporting or internal controls[113].

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。 HK Asia Holdings Limited 港亞控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1723） 截至二零二三年三月三十一日止年度 之年度業績公告 財務摘要 – 本集團截至二零二三年三月三十一日止年度的收益約為204.6百萬港元，較二零二 二年同年的約183.0百萬港元增加約11.8%。 – 本集團截至二零二三年三月三十一日止年度的毛利約為45.3百萬港元，較二零二 二年同年的約59.2百萬港元減少約23.5%。 – 截至二零二三年三月三十一日止年度的溢利約為3.9百萬港元，較二零二二年同年 的約19.5百萬港元減少約80.0%。 – 截至二零二三年三月三十一日止年度，本公司擁有人應佔每股基本及攤薄盈利約 為0.99港仙（二零二二年：4.86港仙）。 – 董事會並不建議就截至二零二三年三月三十一日止年度派付末期股息。 ...

Financial Performance - For the six months ended September 30, 2022, the group's revenue was approximately HKD 87.6 million, a slight decrease of about 1.2% compared to approximately HKD 88.7 million for the same period in 2021[13]. - Gross profit decreased to approximately HKD 26.6 million, down about 4.0% from approximately HKD 27.7 million in the prior year, with the overall gross margin slightly declining from about 31.2% to approximately 30.4%[16]. - Profit attributable to the company's owners for the period was approximately HKD 5.8 million, representing a decrease of about 37.6% from approximately HKD 9.3 million in the same period last year[23]. - The company reported revenue of HKD 87,560,000 for the six months ended September 30, 2022, a decrease of 1.3% compared to HKD 88,715,000 in the same period last year[65]. - Gross profit for the same period was HKD 26,647,000, down 3.7% from HKD 27,669,000 year-on-year[65]. - The company recorded a net profit of HKD 5,790,000, a decline of 37.1% compared to HKD 9,295,000 in the previous year[65]. - The total comprehensive income for the six months ended September 30, 2022, was HKD 5,790,000, compared to HKD 9,295,000 for the same period in 2021, representing a decrease of approximately 37.0%[70]. - The group incurred tax expenses of HKD 1,200,000 for the six months ended September 30, 2022, down from HKD 1,800,000 in the previous year, reflecting a reduction of 33.3%[8]. Income and Expenses - Other income increased by approximately 114.3% to about HKD 1.5 million, primarily due to an increase in government grants[17]. - Sales and distribution expenses were approximately HKD 11.3 million, a decrease of about 5.8% compared to approximately HKD 12.0 million in the same period last year[18]. - Administrative expenses increased to approximately HKD 9.7 million, primarily due to an increase in employee costs of about HKD 4.8 million[19]. - The total employee compensation for the period is approximately HKD 11.0 million, an increase from approximately HKD 6.5 million in the previous year[33]. - Employee benefit expenses, including directors' remuneration, rose to HKD 11,026,000 in 2022 from HKD 6,532,000 in 2021, representing an increase of approximately 68.2%[91]. - Depreciation of property, plant, and equipment increased to HKD 350,000 in 2022 from HKD 300,000 in 2021, reflecting a rise of approximately 16.7%[91]. Assets and Liabilities - The group's current assets net value as of September 30, 2022, was approximately HKD 165.6 million, slightly up from approximately HKD 159.2 million as of March 31, 2022[25]. - The group had no bank and other borrowings as of September 30, 2022, remaining at zero since March 31, 2022[26]. - As of September 30, 2022, the company's equity-to-debt ratio is zero, indicating no outstanding debt[27]. - Total assets as of September 30, 2022, amounted to HKD 175,298,000, an increase from HKD 168,428,000 as of March 31, 2022[67]. - The company's net asset value was HKD 171,547,000, up from HKD 165,757,000 at the end of the previous fiscal year[67]. - Accounts receivable increased significantly to HKD 1,100,000 as of September 30, 2022, from HKD 219,000 as of March 31, 2022, indicating a substantial rise in credit extended to customers[102]. - The aging analysis of accounts receivable shows that HKD 601,000 was within 10 days, while HKD 499,000 was overdue, totaling HKD 1,100,000[103]. Shareholder Information - The issued share capital as of September 30, 2022, is HKD 4,000,000, with a total of 400,000,000 shares issued at a par value of HKD 0.01 per share[30]. - The major shareholder, Mr. Siu Muk Lung, holds 281,070,000 shares, representing 70.26% of the total issued shares[43]. - The average number of issued ordinary shares remained stable at 400,000,000 for both periods under review[98]. - The group maintained a public float of at least 25% of its issued shares throughout the reporting period[57]. Future Plans and Commitments - The group plans to expand its sales network and enhance inventory management capabilities to increase market share in the prepaid product sector targeting Indonesian and Philippine users[12]. - The company plans to explore new business opportunities to enhance shareholder value in the future[38]. - The company has capital commitments of approximately HKD 197,000 for the acquisition of property, plant, and equipment as of September 30, 2022[36]. Other Information - The company did not declare an interim dividend for the period[55]. - There were no share buybacks or securities repurchases during the reporting period[54]. - No significant events occurred after the reporting period that would impact the company's financial performance[61]. - The company has no pledged assets as of September 30, 2022[34]. - There are no significant contingent liabilities reported as of September 30, 2022[39]. - The company has no foreign exchange risk as its transactions are primarily denominated in HKD[32]. - The group did not declare any dividends for the six months ended September 30, 2022, consistent with the same period in 2021[99]. - There were no significant acquisitions, disposals, or investments in subsidiaries, associates, or joint ventures during the period[35]. - The company has not reported any significant new product developments or market expansions during this period[77]. - There were no acquisitions or mergers reported in the current financial period[77].