股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | | 致：香港交易及結算所有限公司 公司名稱: HKE Holdings Limited 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01726 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,000 | 本月底法定/註冊股本總額： HKD 1 ...

Core Insights - The establishment of the "Hong Kong Digital Asset Listed Companies Association" marks a significant step in promoting digital assets in Hong Kong, with participation from over 80 listed companies and financial institutions [1][2] - The Hong Kong government is committed to fostering innovation in financial technology, with over 1,100 fintech companies operating in the region and a 15% annual growth rate [1][2] Group 1: Government Initiatives - The Hong Kong government plans to regularize the issuance of green bonds and explore tokenization applications in various sectors, including renewable energy [2] - A funding program has been launched to support projects with commercial potential, offering up to HKD 500,000 for tokenization certification and commercialization [2] Group 2: Participating Companies - A list of participating companies includes notable H-shares such as Guofu Quantum, China New Economy Investment, and Huya Capital, among others [3] - A-share participants include Zhaoxin Co. and Jingbeifang, while US-listed companies include Galaxy Digital and Amber [4]

致：香港交易及結算所有限公司 公司名稱: HKE Holdings Limited 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01726 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,000 | 本月底法定/註冊股本總額： HKD 15,000,000 FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行 ...

Revenue Performance - Revenue for the six months ended December 31, 2024, was S$10,556,175, representing a 27.5% increase from S$8,276,252 in the same period of 2023[11]. - Revenue from external customers for the six months ended December 31, 2023, was S$8,276,252, an increase from S$7,593,283 in the same period of 2022, representing a growth of approximately 9%[46]. - Revenue from Singapore accounted for 94% of total revenue for the six months ended December 31, 2024, up from 92% in 2023[50]. - Major customers contributing over 10% of total revenue included Customer A with S$1,564,770, Customer B with S$2,595,056, and Customer C with S$3,556,622 for the six months ended December 31, 2024[48]. - Revenue from integrated designs and building services was S$9,235,945 for the six months ended December 31, 2024, compared to S$7,114,902 in 2023, indicating a growth of approximately 30%[54]. - The Group's revenue for the six months ended December 31, 2024, was approximately S$10.6 million, an increase of about S$2.3 million or 27.5% compared to S$8.3 million for the same period in 2023[169]. - Revenue from integrated designs and building services was approximately S$9.2 million for the six months ended December 31, 2024, an increase of approximately S$2.1 million, or 29.8%, compared to S$7.1 million for the same period in 2023[200]. Profitability and Losses - Gross profit decreased to S$2,884,492, down 26.6% from S$3,932,617 year-over-year[11]. - Loss before taxation for the period was S$7,558,257, compared to a loss of S$6,760,605 in the previous year, indicating a 11.8% increase in losses[11]. - Total comprehensive loss for the period amounted to S$7,588,838, which is a 10.3% increase from S$6,881,750 in the prior year[11]. - Basic and diluted loss per share was 0.70 Singapore cents, compared to 0.65 Singapore cents in the previous year, reflecting a 7.7% increase in loss per share[13]. - The company reported a loss for the period attributable to owners of the Company of S$7,556,541, compared to S$6,811,489 in the previous year, marking an increase of 10.9%[13]. - The consolidated loss after tax for the six months ended December 31, 2023, was S$6,812,255, compared to a loss of S$6,760,605 before tax[46]. - The segment results showed a consolidated loss before tax of S$7,558,257, with the Engineering Business reporting a loss of S$229,851 and the FinTech Platform Business a loss of S$5,807,191[41]. - The Investment Holding segment reported a loss of S$1,600,671, contributing to the overall consolidated loss after tax of S$7,556,861[41]. Expenses and Costs - Administrative expenses were S$10,835,011, slightly reduced from S$11,146,585 in the previous period, showing a 2.8% decrease[11]. - Finance costs increased to S$63,916, up 90.6% from S$33,464 in the previous year, indicating rising financing expenses[11]. - Total staff costs for the six months ended December 31, 2024, amounted to S$9,766,694, a decrease from S$10,077,833 in 2023[68]. - The cost of materials recognized as cost of services rendered/sales was S$1,009,150, an increase from S$822,367 in 2023[68]. - Interest income decreased to S$144,202 for the six months ended December 31, 2024, from S$208,093 in 2023, a decline of approximately 30.7%[20]. Asset and Liability Management - Total non-current assets increased to S$8,354,490 as of December 31, 2024, up from S$7,268,607 on June 30, 2024, representing a growth of approximately 14.9%[15]. - Current assets decreased significantly to S$27,811,618 from S$49,945,991, a decline of about 44.3%[15]. - Total current liabilities decreased to S$15,877,085 from S$30,053,022, a reduction of approximately 47.1%[15]. - Net current assets dropped to S$11,934,533, down from S$19,892,969, indicating a decline of about 40.0%[15]. - Total equity decreased to S$19,461,500 from S$26,827,500, reflecting a decline of approximately 27.6%[16]. - The company’s reserves decreased significantly from S$25,018,490 to S$17,652,280, a decline of approximately 29.0%[16]. - Lease liabilities increased to S$792,181 from S$298,734, representing a growth of about 165.5%[16]. - The Group's total non-current assets as of December 31, 2024, were S$8,354,490, an increase from S$7,268,607 as of June 30, 2024[52]. - The Group's current portion of other receivables decreased from S$24,623,041 as of June 30, 2024, to S$7,605,230 as of December 31, 2024, suggesting a significant reduction in short-term receivables[91]. - Deposits with brokers decreased from S$23,577,883 as of June 30, 2024, to S$6,306,101 as of December 31, 2024, indicating a shift in trading strategy or reduced trading activity[91]. Cash Flow Analysis - Operating cash flows before working capital changes were S$(7,079,952) for the six months ended December 31, 2024, compared to S$(6,268,437) in 2023, reflecting a decline of about 12.9%[20]. - Net cash used in operating activities was S$8,724,990 for the six months ended December 31, 2024, compared to S$5,624,878 in 2023, representing an increase of approximately 55.5%[20]. - Cash and cash equivalents at the end of the period were S$6,246,367, down from S$11,708,603 at the end of the previous period, a decrease of about 46.7%[21]. - The company reported a net cash decrease in cash and cash equivalents of S$9,327,091 for the six months ended December 31, 2024, compared to S$884,262 in 2023, indicating a significant increase in cash outflow[21]. - Net cash from investing activities was S$(352,806) for the six months ended December 31, 2024, compared to S$5,046,495 in 2023, indicating a significant decline in cash inflow from investments[21]. Strategic Initiatives and Future Outlook - The company continues to explore new strategies for market expansion and product development to improve future performance[10]. - The Group acquired two subsidiaries in 2023, focusing on trading derivatives and providing advisory and asset management services, to diversify income sources and enhance financial service offerings[166]. - The Group is developing a user-centric FinTech trading service platform to empower users to explore various asset classes, including virtual and Web3 assets[178][182]. - The Group aims to strengthen its market position in the medical and healthcare construction sectors and continue developing its FinTech and Trading and Asset Management Businesses[185]. - The Group sees opportunities for more projects due to the ongoing replacement and upgrades of old machines and facilities in response to future healthcare demands[177][181]. - The Group is actively participating in planning a new hospital in Eastern Singapore and upgrading existing facilities to address future pandemic challenges[190]. - The Group is confident in the growth of its FinTech Platform Business, supported by government initiatives to develop Hong Kong as an international financial center for virtual assets[187]. Share Capital and Options - The share capital increased slightly to S$1,813,235 from S$1,812,705, showing a marginal growth[16]. - The total number of issued and fully paid ordinary shares increased to 1,076,387,019 from 1,076,078,524 at the beginning of the period, reflecting an increase of 308,495 shares due to the exercise of share options[117]. - A total of 308,495 share options were exercised during the period at a weighted average exercise price of HK$1.30 per share, resulting in HK$3,085 credited to share capital and HK$400,239 credited to share premium[118]. - The company issued 25,550,000 ordinary shares at a placing price of HK$2.00 per share on May 28, 2024, raising a total of HK$50,333,500 net of issuance expenses[118]. - The total share capital as of December 31, 2024, was HK$10,763,870, reflecting the cumulative impact of share options exercised and new shares issued[117]. - The company has adopted a share option scheme to reward participants and encourage them to enhance the company's value, with options granted to directors and employees[126]. - The total share options exercised during the year ended June 30, 2024, amounted to 498,524 at a weighted average exercise price of HK$1.28 per share, contributing HK$4,985 to share capital and HK$632,216 to share premium[119]. Regulatory and Compliance - The company has not applied new IFRSs that are not yet effective, which are expected to have no material impact on the financial statements[32]. - The Group has adopted all applicable new and revised International Financial Reporting Standards effective from July 1, 2024, with no significant impact on the financial statements[35]. - The Group is collaborating with regulators to acquire a Virtual Asset Trading Platform Operators Licence in Hong Kong, anticipating growth in the FinTech Platform Business[179]. - The Group views regulatory developments as opportunities for long-term growth in the virtual assets industry[188].

Financial Performance - Revenue for the six months ended December 31, 2024, was SGD 10,556,175, an increase of 27.5% compared to SGD 8,276,252 for the same period in 2023[4] - Gross profit decreased to SGD 2,884,492 from SGD 3,932,617, reflecting a decline of 26.7%[4] - The net loss for the period was SGD 7,556,861, compared to a net loss of SGD 6,812,255 in the previous year, indicating an increase in loss of 10.9%[4] - Total comprehensive loss for the period was SGD 6,881,750, slightly improved from SGD 7,588,838 in the prior year[5] - The company reported a consolidated loss before tax of SGD 7,558,257 for the six months ending December 31, 2024, compared to a loss of SGD 6,760,605 for the same period in 2023, indicating a deterioration in financial performance[22] - The company recorded a loss of approximately SGD 7.6 million for the six months ending December 31, 2024, compared to a loss of about SGD 6.8 million in the same period of 2023[73] Assets and Liabilities - Non-current assets increased to SGD 8,354,490 from SGD 7,268,607, representing a growth of 14.9%[7] - Current assets decreased significantly to SGD 27,811,618 from SGD 49,945,991, a decline of 44.3%[7] - Current liabilities were reduced to SGD 15,877,085 from SGD 30,053,022, a decrease of 47.1%[8] - The company's equity decreased to SGD 19,461,500 from SGD 26,827,500, a decline of 27.5%[8] - The company’s total liabilities increased significantly, with trade and other payables showing a decrease of SGD (15,388,787) in the current period compared to an increase of SGD 1,752,184 in the previous year[12] - As of December 31, 2024, total shareholders' equity was approximately SGD 19.5 million, down from SGD 26.8 million on June 30, 2024[74] Cash Flow and Investments - Operating cash flow before changes in working capital was SGD (7,079,952) for the six months ended December 31, 2024, compared to SGD (6,268,437) in 2023, indicating a decline of about 12.9%[12] - Total cash and cash equivalents decreased to SGD 6,246,367 as of December 31, 2024, down from SGD 11,708,603 at the end of 2023, marking a decline of approximately 46.6%[13] - The company reported a net cash outflow from investing activities of SGD (352,806) for the six months ended December 31, 2024, compared to a net cash inflow of SGD 5,046,495 in the same period of 2023[13] - The company’s financing activities resulted in a net cash outflow of SGD (249,295) for the six months ended December 31, 2024, compared to SGD (305,879) in the previous year[13] Revenue Sources - Revenue from major customers for the six months ending December 31, 2024, included Customer A at SGD 1,564,770, Customer B at SGD 2,595,056, and Customer C at SGD 3,556,622, with Customer C showing a significant increase from SGD 510,870 in 2023[26] - Revenue from Singapore accounted for 94% of total revenue for the six months ending December 31, 2024, up from 92% in 2023, highlighting the region's dominance in the company's operations[27] - Revenue from comprehensive design and construction services was approximately SGD 9.2 million, up by about SGD 2.1 million or 29.8% from SGD 7.1 million in the previous year[65] - Revenue from trading and asset management services increased to approximately SGD 0.7 million, a rise of about SGD 0.3 million or 73.7% compared to SGD 0.4 million in the prior period[67] Operational Developments - The company continues to focus on expanding its market presence and enhancing its service offerings, although specific new products or technologies were not detailed in the report[4] - The company is participating in the planning of a new hospital in eastern Singapore, which is expected to drive demand for radiation protection engineering[57] - The company is developing a fintech trading service platform that aims to provide users with access to various asset classes, including virtual assets and Web3 assets[58] - The company has acquired two subsidiaries focused on derivatives trading and asset management services to diversify its revenue sources[54] - The company has acquired two subsidiaries engaged in consulting and asset management services, marking the beginning of a new trading and asset management division[59] Employee and Administrative Costs - Employee costs for the six months ending December 31, 2024, totaled approximately SGD 9.8 million, slightly down from SGD 10.1 million for the same period in 2023[87] - Administrative expenses decreased by approximately SGD 0.3 million or 2.8% to about SGD 10.8 million, representing 102.6% of revenue, compared to 134.7% in the previous year[72] Shareholder Information - The company did not declare an interim dividend for the six months ended December 31, 2024, compared to no dividend in 2023[38] - The board has resolved not to declare any interim dividend for the six months ended December 31, 2024, consistent with the previous period[104] Compliance and Standards - The company did not apply any new or revised International Financial Reporting Standards that would have a significant impact on the financial statements for the current or prior periods[19] - The company has adopted all applicable new and revised International Financial Reporting Standards effective from July 1, 2024, without significant changes to accounting policies or reported amounts[19] - The audit committee, composed entirely of independent non-executive directors, has reviewed the unaudited results for the six months ended December 31, 2024, and confirmed compliance with applicable accounting standards[103]

Financial Performance - For the year ended June 30, 2024, the Group reported revenue of approximately S$18.4 million and a gross profit of approximately S$8.8 million, resulting in a loss before taxation of approximately S$12.5 million[6]. - The Group's revenue for the Review Year was approximately S$18.4 million, representing an increase of approximately S$5.0 million, or 37.1%, compared to approximately S$13.4 million for the year ended 30 June 2023[15]. - The Group's gross profit was approximately S$8.8 million for the Review Year, with a gross profit margin of approximately 47.9%, compared to 33.3% in 2023[35]. - The Group recorded a loss of approximately S$12.6 million for the Review Year, compared to a loss of approximately S$14.5 million for the year ended 30 June 2023[42]. - Total shareholders' funds amounted to approximately S$26.8 million as at 30 June 2024, compared to approximately S$30.1 million as at 30 June 2023[43]. - The Group's current assets were approximately S$49.9 million, up from S$27.5 million in 2023, while current liabilities increased to S$30.1 million from S$4.6 million, resulting in a current ratio of 1.7 compared to 6.0 in 2023[48][50]. - The Group's gearing ratio was 1.2% as of June 30, 2024, down from 1.9% in 2023, indicating a stable financial position[48][50]. - Cash and cash equivalents as of June 30, 2024, were approximately S$15.7 million, a decrease from S$19.2 million in 2023[48][51]. - The total staff costs for the Review Year amounted to approximately S$20.6 million, an increase from approximately S$16.9 million in 2023, reflecting the hiring of additional employees[66]. - The Group's capital expenditure for the Review Year totaled approximately S$1.1 million, significantly higher than S$0.4 million in 2023[55][56]. Market Expansion and Strategy - The Group aims to expand its market position in the medical and healthcare construction sectors in Singapore and diversify into financial technology (FinTech) areas[7]. - The Group is committed to strengthening its risk management to mitigate potential market and operational risks[8]. - The development of the FinTech service platform and potential acquisitions are seen as exciting opportunities to diversify the Group's revenue sources[10]. - The Group aims to strengthen its market position in the medical and healthcare construction sectors and continue developing its FinTech Platform Business[21]. - The Group is involved in planning a new hospital in the east of Singapore to address the growing healthcare needs[18]. - The Ministry of Health of Singapore plans to expand its network of polyclinics from 26 to 32 by 2030, indicating growth opportunities in the healthcare sector[6]. - The Singapore government plans to expand its network of polyclinics from 26 to 32 by 2030, driving demand for medical-related radiation shielding works[16]. FinTech Development - A competent FinTech team has been established to develop trading systems, custody infrastructure, cybersecurity, market data analytics, compliance, anti-money laundering, and risk management[7]. - The Group has applied for relevant regulatory licenses related to virtual asset trading platform operations in Hong Kong to capture growth opportunities in the FinTech sector[7]. - The Group is developing a user-centric FinTech trading service platform to empower global users to explore various asset classes, including virtual and Web3 assets[17]. - The Group is optimistic about acquiring the Virtual Asset Trading Platform Operators Licence regulated by The Securities and Futures Commission through its subsidiary, Hong Kong BGE Limited[17]. - The market is increasingly seeking multi-asset classes of FinTech trading platforms to navigate investment complexities and achieve financial goals[21]. - The Company plans to allocate approximately 80% of the 2023 Placing Net Proceeds to finance the FinTech Platform Business[83]. - Approximately 90% of the net proceeds from the 2024 Placing will be allocated to finance the FinTech Platform Business, while about 10% will be used for general working capital[88]. Corporate Governance - The Company is committed to achieving high standards of corporate governance to safeguard the interests of its shareholders[128]. - The Company adopted all mandatory disclosure requirements and code provisions in the Corporate Governance Code as its own code on corporate governance practices[129]. - The Board will continue to review the application of good corporate governance principles and ensure compliance with the Corporate Governance Code[130]. - The Company has complied with the code provisions set out in the Corporate Governance Code during the review year[130]. - The Board strives to promote a desired culture and is committed to sustainability and accountability through effective corporate governance[131]. - The Company has established an Audit Committee to oversee risk management and internal control systems, comprising three independent non-executive Directors[178]. - The Audit Committee reviewed the compliance with corporate governance policies and the effectiveness of internal controls during the review year[180]. - The Company has implemented training and continuous professional development for Directors and senior management to uphold good corporate governance practices[179]. Leadership and Management - Mr. Koh Lee Huat has over 20 years of experience in the construction industry, specializing in radiation shielding works, and has been with the Group since 1996[96]. - Mr. Zhou Peng, appointed as an executive director on August 1, 2024, has 20 years of experience in global mergers and acquisitions and capital markets[99]. - Mr. Cheng Yiu Mo brings extensive experience in Hong Kong law enforcement and international anti-money laundering, contributing to compliance matters for the Group[101]. - The Group's management team includes professionals with backgrounds in finance, law, and engineering, enhancing its strategic capabilities[104]. - The Group's executive directors are involved in formulating corporate and business strategies and making major operational decisions[96]. - The Company is focused on compliance and regulatory matters, particularly in the engineering and fintech sectors[101]. Employee and Workforce - The Group employed a total of 149 full-time employees as of June 30, 2024, compared to 139 employees in the previous year[66]. - The total employee costs for the review year amounted to approximately SGD 20.6 million, compared to SGD 16.9 million in 2023, reflecting an increase of about 22%[68]. - The Group has a total workforce of 149 employees, with 114 males and 35 females, indicating a gender diversity ratio of approximately 76% male to 24% female[195]. - The Group aims to enhance gender diversity in its workforce and maintains a consistent policy of hiring and promoting both genders based on qualifications and experience[196]. Risk Management - The Group manages foreign exchange risk by closely monitoring currency movements, as it retains proceeds from listings and placements in Hong Kong dollars[60][61]. - The Company has implemented a risk management and internal control system to manage operational and financial risks, ensuring compliance with relevant rules and regulations[198]. - An external internal control reviewer is engaged annually to assess and improve the risk management and internal control system, focusing on material deficiencies[199]. - The management regularly reviews the risk management and internal control system to identify and manage significant risks, ensuring continuous improvements[200]. - Any material non-compliance or internal control failures are reported to the Audit Committee for further action and improvement recommendations[200].

Financial Performance - Revenue for the year ended June 30, 2024, was SGD 18,433,408, representing a 37.3% increase from SGD 13,442,516 in the previous year[1] - Gross profit for the same period was SGD 8,837,272, up from SGD 4,482,189, indicating a significant improvement in profitability[1] - The total comprehensive loss for the year was SGD 12,705,936, a decrease from SGD 14,991,827 in the prior year, reflecting a 15.3% improvement[2] - Basic and diluted loss per share for the year was SGD (1.20), compared to SGD (1.47) in the previous year, showing a reduction in loss per share[2] - The company reported a pre-tax consolidated loss of SGD 12,502,231 for the year, compared to a loss of SGD 14,292,979 in the previous year, indicating an improvement in financial performance[11][19] - The group recorded a loss of approximately SGD 12.6 million for the review year, compared to a loss of approximately SGD 14.5 million for the year ended June 30, 2023[41] Assets and Liabilities - Non-current assets totaled SGD 7,268,607, slightly down from SGD 7,305,211 in the previous year[3] - Current assets increased significantly to SGD 49,945,991 from SGD 27,456,140, indicating strong liquidity[3] - Total liabilities increased to SGD 30,053,022 from SGD 4,550,845, primarily due to a rise in trade and other payables[3] - The company's equity decreased to SGD 26,827,500 from SGD 30,054,911, reflecting the overall loss incurred during the year[4] - Trade receivables decreased to SGD 3,440,873 in 2024 from SGD 3,744,126 in 2023, showing a decline of approximately 8.1%[24] - Trade payables increased significantly to SGD 27,759,145 in 2024 from SGD 2,014,095 in 2023, indicating a substantial rise in liabilities[25] Revenue Sources - For the fiscal year ending June 30, 2024, total external customer revenue reached SGD 18,433,408, a significant increase from SGD 13,442,516 in the previous year, representing a growth of approximately 37%[11] - The Engineering Business segment generated SGD 17,149,296 in external customer revenue, while the Financial Technology Platform Business and Trading and Asset Management Business segments contributed SGD 313,111 and SGD 971,001, respectively[11] - Revenue from Singapore accounted for 93% of total revenue, down from 96% in the previous year, indicating a slight diversification in revenue sources[15] - Revenue from integrated design and construction services was SGD 16,131,316, up from SGD 12,115,502 in the previous year[34] - The company reported revenue from derivative trading and asset management services of SGD 971,001, which was not present in the previous year[34] Operational Developments - The company continues to focus on expanding its engineering and fintech platform businesses in Singapore, aiming for future growth[6] - The company expanded its operations by acquiring 100% of the shares of Da Sheng Asset Management Limited and Quality Union Limited on August 24, 2023, enhancing its consulting and asset management services[10] - The company is actively participating in the planning of a new hospital in eastern Singapore, responding to the growing demand for healthcare services due to the aging population[30] - The company is developing a fintech trading service platform aimed at providing global users with access to various asset classes, including virtual assets and Web3 assets[31] - The company plans to expand its market position in the healthcare engineering sector in Singapore and other markets, capitalizing on rapid growth opportunities[33] Income and Expenses - Interest income increased to SGD 344,856 in 2024 from SGD 203,135 in 2023, reflecting a growth of approximately 70%[18] - The company reported a total of SGD 568,927 in other income for the year, up from SGD 503,643 in the previous year, driven by government grants and rental income[18] - Administrative expenses increased by approximately SGD 3.3 million or 17.0% to SGD 22.5 million, accounting for 121.9% of revenue, primarily due to increased employee costs[40] - The company recorded a total tax expense of SGD 146,920 for 2024, a decrease from SGD 242,014 in 2023, representing a reduction of about 39.2%[21] Corporate Governance and Future Plans - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[57] - The company did not purchase, sell, or redeem any of its listed securities during the review year[59] - The audit committee reviewed the group's financial performance and confirmed that the results were prepared in accordance with applicable accounting standards[61] - The board of directors has decided not to declare a final dividend for the review year (2023: none)[63] - The annual general meeting is scheduled to be held on November 27, 2024[62] - The annual report containing all required information will be distributed to shareholders and published on the company's website[64]

Financial Performance - For the six months ended December 31, 2023, total revenue from external customers was S$8,276,252, with contributions from the Engineering Business (S$7,593,283), FinTech Platform Business (S$306,107), and Trading and Asset Management Business (S$376,862) [8] - The consolidated loss after tax for the same period was S$6,812,255, with a consolidated loss before tax of S$6,760,605 [8] - The consolidated loss after tax for the six months ended 31 December 2023 was S$7,411,142, compared to a loss of S$7,294,021 in the previous period [21] - The loss before taxation for the six months ended December 31, 2023, was S$1,879,439, a decrease from S$2,180,575 in the same period of 2022, indicating a reduction of approximately 13.8% [171] - The company reported a loss attributable to owners of S$6,811,489 for the six months ended December 31, 2023, compared to a loss of S$7,410,525 in the same period of 2022, representing a decrease of approximately 8.1% [49] Revenue and Income - Total revenue for the six months ended 31 December 2023 was S$8,276,252, an increase from S$6,586,372 in the same period of 2022, representing a growth of approximately 25.7% [21] - Revenue from Singapore accounted for 92% of total revenue, down from 98% in 2022, indicating a diversification in geographical revenue sources [17] - Major customers included Customer A with revenue of S$985,238 and Customer B with S$3,259,910, contributing significantly to total revenue [14] - Other income increased to S$320,257 in 2023 from S$211,702 in 2022, primarily driven by interest income and government grants [26] Segment Performance - Segment results showed a loss of S$7,080,862, with the Engineering Business generating a profit of S$239,244, while the FinTech Platform Business incurred a loss of S$5,558,195 [8] - Segment assets totaled S$34,520,579, with the Engineering Business holding S$13,192,008, FinTech Platform Business S$4,892,577, and Trading and Asset Management Business S$4,714,186 [8] - Revenue from contracts with customers under IFRS 15 for integrated design and building services was S$7,114,902, showing a significant increase from S$6,087,677 in 2022 [21] Assets and Liabilities - The Group's total liabilities and equity as of 31 December 2023 are not explicitly stated but can be inferred to have increased alongside the growth in trade receivables and costs [106] - As of December 31, 2023, trade receivables increased to S$5,281,514 from S$3,744,126 as of 30 June 2023, representing a growth of approximately 41.2% [106] - The current portion of amounts due from brokers is S$4,046,815, significantly higher than S$472,056 in the previous period [128] - Trade payables increased to S$1,107,900 from S$585,428, indicating a rise in outstanding obligations [146] Depreciation and Expenses - Depreciation for property, plant, and equipment amounted to S$161,818, while depreciation for right-of-use assets was S$307,629 [8] - Depreciation for property, plant, and equipment was S$210,473, while right-of-use assets depreciation was S$287,887 for the reporting period [21] - The total staff costs increased to S$10,077,833 for the six months ended December 31, 2023, up from S$8,228,488 in 2022, reflecting a rise of about 22.5% [33] Acquisitions and Investments - The Group acquired 100% equity interests in Monmonkey Group Asset Management Limited and Quality Union Limited on August 24, 2023, expanding its operational segments [5] - The Group recognized goodwill of S$32,066 from the acquisition of Monmonkey Group Asset Management Limited on 22 December 2023, marking a new strategic investment in advisory and asset management services [110] - A gain on the disposal of a subsidiary was reported at S$253,476, with the disposal completed on December 22, 2023 [34] Share Capital and Management Compensation - The company issued 90,000,000 ordinary shares at a placing price of HK$1.05 per share on February 22, 2023, raising HK$900,000 (equivalent to S$154,444) for share capital and HK$92,655,000 (equivalent to S$15,899,947) for share premium [156] - Total compensation for key management personnel during the period was S$1,027,887, an increase of approximately 44.4% compared to S$712,076 in 2022 [172] - The company’s short-term benefits for key management increased to S$922,567 from S$605,948, reflecting a growth of approximately 52.2% [172] Financial Reporting and Standards - The Group is currently evaluating the impact of new and revised International Financial Reporting Standards that will come into effect after July 1, 2023 [1] - The company did not report any material inter-segment sales during the period [5] - The company has no intersegment sales for the reporting period, indicating a focus on external customer revenue generation [22] Other Financial Metrics - The company reported a fair value loss on cryptocurrencies of S$571 and an impairment loss of S$147 during the period [21] - The company recorded a fair value gain on cryptocurrencies of S$104,071 for the six months ended December 31, 2023, compared to a loss of S$571 in the same period of 2022 [33] - The company experienced foreign exchange losses of S$222,671 for the six months ended December 31, 2023, compared to gains of S$54,039 in the same period of 2022 [33]

Revenue Performance - Total revenue for the six months ended December 31, 2023, was SGD 8,276,252, an increase of 25.7% compared to SGD 6,586,372 for the same period in 2022[28]. - Revenue from comprehensive design and construction services reached SGD 7,114,902, up from SGD 6,087,677, representing a growth of 16.9%[8]. - Revenue from virtual asset custody solutions increased to SGD 306,107, a significant rise of 193% from SGD 104,330 in the previous year[29]. - For the six months ended December 31, 2023, the revenue from integrated design and construction services was approximately SGD 7.1 million, an increase of about SGD 1.0 million or 17% compared to SGD 6.1 million for the same period in 2022[56]. - Revenue from Singapore accounted for 92% of total revenue, down from 98% in 2022, indicating a diversification in revenue sources[98]. - Revenue from trading and asset management business was approximately SGD 0.4 million for the six months ended December 31, 2023, compared to zero for the same period in 2022[166]. Financial Position - The group's asset-liability ratio as of December 31, 2023, was 2.2%, up from 1.9% as of June 30, 2023[32]. - The company’s trade receivables as of December 31, 2023, totaled SGD 5,281,514, reflecting an increase from SGD 3,744,126 as of June 30, 2023[17]. - As of December 31, 2023, total non-current assets amounted to SGD 7,214,049, a decrease from SGD 7,305,211 as of June 30, 2023, reflecting a decline of approximately 1.25%[84]. - Current assets totaled SGD 27,306,530, slightly down from SGD 27,456,140, indicating a decrease of about 0.55%[84]. - Total assets amounted to SGD 34,520,579, while total liabilities were SGD 10,989,933, indicating a healthy asset-to-liability ratio[96]. - The total equity attributable to shareholders as of December 31, 2023, was approximately SGD 23.5 million, down from approximately SGD 30.1 million as of June 30, 2023[169]. Profitability and Loss - The group recorded a loss of approximately SGD 6.8 million for the six months ended December 31, 2023, compared to a loss of approximately SGD 7.4 million for the same period in 2022[59]. - The group reported a gross profit of SGD 3,932,617, compared to SGD 2,147,140 in the previous year, reflecting a significant improvement in profitability[99]. - The group experienced a comprehensive loss after tax of SGD 6,812,255, a slight improvement from SGD 7,411,142 in the prior year[99]. - The group reported a pre-tax loss of SGD 6,760,605, which is an improvement from a loss of SGD 7,294,021 in the same period last year[99]. - The company recorded a total comprehensive loss of SGD 7,910,871 for the period, which includes a loss of SGD 7,410,525[87]. Cost Management - The company’s financial expenses decreased to SGD 307,629 from SGD 287,887, indicating improved cost management[12]. - The total employee costs for the six months ended December 31, 2023, were approximately SGD 10.1 million, compared to SGD 8.3 million for the same period in 2022[65]. - Administrative expenses increased by approximately SGD 1.5 million or 16% to about SGD 11.1 million, accounting for 134.7% of revenue for the six months ended December 31, 2023[191]. - The group has implemented better cost control measures, contributing to the increase in gross profit margin[136]. Investments and Acquisitions - The group acquired 100% equity of Da Sheng Asset Management Limited and Quality Union Limited on August 24, 2023, expanding into consulting, asset management, and derivative trading services[95]. - The group completed the acquisition of two subsidiaries for a total consideration of HKD 2,300,001, which are involved in providing consulting and asset management services[173]. - The company completed the sale of 100% equity in BG Technologies Limited for a total consideration of HKD 1,500,000 on December 22, 2023[197]. Future Outlook and Strategy - The company aims to become a regulated and transparent market leader in the virtual asset industry, responding swiftly to regulatory changes[26]. - The group aims to enhance its market position in the healthcare engineering sector in Singapore and other markets while continuing to develop its fintech platform and asset management services[53]. - The group plans to expand its financial technology service platform to include a wider range of asset classes, including virtual assets and listed securities[160]. - The group is actively developing a fintech trading service platform aimed at enabling global users to explore and monetize various asset classes, including virtual assets and Web3 assets[162]. - The company expects increased demand for medical-related radiation protection engineering due to the Singapore government's plans to enhance medical facilities[131]. Regulatory and Compliance - The group has been actively cooperating with regulatory authorities to obtain a license for a virtual asset trading platform[52]. - The government is strongly supporting Hong Kong's development as an international financial center for virtual assets, which the group believes will continue to drive growth in its fintech platform business[188]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the period were SGD 11,708,603, compared to SGD 10,278,213 at the end of the same period in 2022, reflecting an increase of approximately 14%[107]. - Net cash generated from investing activities was SGD 5,046,495, a significant increase from SGD 1,236,549 in the previous period[107]. - The company recorded a net cash outflow from financing activities of SGD 305,879, down from SGD 376,271 in the previous period, indicating improved cash management[107]. Dividends - The company has not declared any interim dividends for the six months ended December 31, 2023, consistent with the previous year[75]. - The group does not recommend the payment of an interim dividend for the six months ended December 31, 2023[151].

Employment and Staff Costs - As of June 30, 2023, the Group employed 139 full-time employees, a decrease from 146 employees as of June 30, 2022[2] - Total staff costs for the Review Year amounted to approximately S$16.9 million, up from approximately S$12.2 million in 2022, reflecting a significant increase in personnel expenses[2] - The Group is committed to providing adequate job training and performance reviews to retain valuable employees[2] - The performance of the Group's employees is reviewed annually to ensure alignment with market conditions and individual contributions[2] Financial Performance - The Group's revenue for the review year was approximately S$13.4 million, with a gross profit of approximately S$4.5 million and a loss before taxation of approximately S$14.3 million[76] - The Group's revenue for the Review Year was approximately SGD 13.4 million, an increase of about SGD 3.4 million or 33.8% compared to approximately SGD 10.0 million for the year ended June 30, 2022[134] - For the review year, the Group's revenue was approximately S$13.4 million, representing an increase of approximately S$3.4 million, or 33.8%, compared to approximately S$10.0 million for the year ended 30 June 2022[167] Strategic Initiatives and Future Plans - The net proceeds from the Listing were approximately HK$74.0 million, intended for various applications including property acquisition, manpower strengthening, and marketing efforts[5] - The Group plans to use the Listing Net Proceeds for acquiring additional properties, recruiting more staff, and increasing marketing efforts, among other uses[6] - The Group aims to enhance its reserve for financing performance guarantees for customers as part of its strategic initiatives[5] - The Group's future plans include financing the acquisition of additional motor vehicles and machinery to support operational growth[5] - The Group aims to strengthen its market position in the medical and healthcare construction sectors in Singapore and diversify into financial technology (FinTech) areas[77] - The Group is well-positioned to face future challenges and competition, aiming to deliver satisfactory returns to shareholders[162] Corporate Governance - The company has adopted all mandatory disclosure requirements and code provisions of the Corporate Governance Code as its own corporate governance practices[48] - The Board is committed to achieving high standards in sustainability and accountability through effective corporate governance[51] - The company will continue to comply with the Corporate Governance Code to protect the best interests of the Group and its shareholders[49] - The Board will continuously review and improve corporate governance practices to ensure proper regulation of business activities and decision-making processes[52] - The company has a commitment to maintaining high standards of corporate governance to safeguard shareholder interests and enhance corporate value[48] - Any deviation from the Corporate Governance Code will be carefully considered and disclosed in interim and annual reports[49] Board Structure and Committees - The Board consists of three executive directors, two non-executive directors, and three independent non-executive directors, ensuring a diverse governance structure[91] - The Board has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, all chaired by independent non-executive directors[125] - The Company established the Nomination Committee, which comprises three Independent Non-Executive Directors (INEDs) and is chaired by Prof. Pong Kam Keung[131] - The Remuneration Committee reviewed and made recommendations on the Company's remuneration policy and structure, including the remuneration packages of Directors and senior management[132] - The Nomination Committee reviews the structure, size, and composition of the Board, assessing the skills and experience of its members[172] Audit and Compliance - During the Review Year, the Audit Committee reviewed the Group's accounting principles and practices, including the audited financial statements and compliance with the Corporate Governance Code[190] - The remuneration paid to the auditor for the annual audit fee was approximately S$226,063, with no fees for non-audit services during the Review Year[197] - The Company confirmed that there are no significant uncertainties regarding its ability to continue as a going concern[199] - The Company appointed Zhonghui Anda CPA Limited as its auditor effective from July 31, 2023, following the resignation of the previous auditor[199] Marketing and Business Development - The Group's marketing efforts are set to increase as part of its strategy to expand market presence[6] - The Company has established a comprehensive fintech service platform for various asset classes, including virtual assets and listed securities, since May 2021[100] - A competent FinTech team has been established to develop and manage trading systems, custody infrastructure, cybersecurity, market data analytics, compliance, anti-money laundering, and risk management[78] - The Group has applied for relevant regulatory licenses for virtual asset trading platform operations in Hong Kong to capture fast-growing FinTech business opportunities[78] Healthcare Sector Insights - The Minister of Health of Singapore announced plans to expand the network of polyclinics from 23 to 32 by 2030[76] - The Singapore government plans to expand its network to 32 polyclinics by 2030, increasing from the current 23, which is expected to drive demand for medical-related radiation shielding works[168] - The average waiting time for MRI scans in public hospitals is currently 3 months, indicating high demand for diagnostic imaging machines[168] - The Directors believe that the increasing demand for healthcare and elderly care services in Singapore will continue due to the aging population[168] - The Group's Engineering Business primarily focuses on integrated designs and building services for hospitals and clinics in Singapore[166]