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。 Lvji Technology Holdings Inc. 驢跡科技控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號︰1745） 須予披露交易 附屬公司收購債權 收購事項 董 事 會 欣 然 宣 佈，本 公 司 全 資 附 屬 公 司 驢 跡 科 技 集 團 有 限 公 司 於2024年12月 19日 收 到 安 徽 省 產 權 交 易 中 心 的 競 價 結 果 通 知 單，獲 悉 其 於2024年12月17日 透過安徽省產權交易中心以人民幣約44.80百萬元的代價成功中標中安金融持 有的寧夏水洞溝等3戶企業不良債權。 上市規則的涵義 根據上市規則第十四章，由於有關收購事項之最高適用百分比率高於5%但 低 於25%，故 收 購 事 項 構 成 本 公 司 一 項 須 予 披 露 交 易，並 須 遵 守 上 市 規 則 第 十 四章的申報及公告規定。 – 1 – 有關本公司的資料 緒 言 董 ...

Financial Performance - Revenue increased by approximately 26.1% to about RMB 268.5 million from RMB 213.0 million in the same period last year[5] - Gross profit rose by approximately 26.4% to about RMB 99.7 million, with a gross margin of approximately 37.1% compared to 37.0% in the same period last year[5] - Net profit for the period was approximately RMB 52.3 million, a 1.6% increase from RMB 51.5 million in the same period last year[5] - Revenue increased by approximately 26.1% year-on-year to about RMB 268.5 million during the reporting period[10] - Net profit recorded was approximately RMB 52.3 million, representing a year-on-year increase of about 1.6%[13] - The overall profit margin decreased to 19.5% from 24.2% in the same period last year[6] - The company reported a pre-tax profit of RMB 82.62 million, up from RMB 63.86 million in the previous year[21] - The company’s net profit for the period was RMB 52.35 million, slightly up from RMB 51.52 million in the same period last year[21] - The company reported a net loss from foreign exchange of RMB 311 thousand, compared to a gain of RMB 240 thousand in the previous year[103] Revenue Sources - Revenue from online electronic guide sales was approximately RMB 268.2 million, an increase of about 27.2% due to a strong recovery in the travel market[9] - Revenue from online travel platform sales of electronic guides accounted for approximately 87.5% of total revenue, amounting to RMB 235.04 million, an increase of about 11.6% from RMB 210.60 million in the same period last year[25] - Revenue from travel agency sales of electronic guides was recorded at RMB 33.02 million during the reporting period, marking a return to sales after a hiatus due to the pandemic[26] - Revenue from online electronic guides sold through the 驢跡APP decreased by approximately 25.0% from about RMB 164,000 to approximately RMB 123,000[28] - Revenue from customized content sales decreased significantly to RMB 321 thousand from RMB 2,223 thousand, a decline of 85.5%[99] Cost Management - Sales and distribution expenses decreased by approximately 10.2% to about RMB 7.9 million, while administrative expenses decreased by approximately 0.6% to about RMB 9.1 million[9] - The company implemented several measures to control operating costs and reduce unnecessary expenses during the reporting period[9] - Cost of sales increased by approximately 25.9% from about RMB 134.1 million to approximately RMB 168.8 million, primarily due to increased commissions to online travel platforms[29] - Selling and distribution expenses decreased by approximately 10.2% from about RMB 8.8 million to approximately RMB 7.9 million, primarily due to reduced offline travel promotions[32] - Administrative expenses decreased by approximately 0.6% from about RMB 9.15 million to approximately RMB 9.09 million, mainly due to reduced salaries and benefits for management personnel[33] Market Expansion and Product Development - The number of developed online electronic guides increased by 31.4% to 66,229 from 50,386 in the same period last year[7] - The company continues to strengthen its market leadership in online electronic guides by optimizing product content and enhancing user experience[9] - The company expanded its coverage to include 787 AAAAA-level, 5,602 AAAA-level, and 5,424 AAA-level tourist attractions[15] - The company is enhancing its digital marketing solutions through the "Shu Jing Tong" product, focusing on smart management and marketing[11] - New interactive features using AR technology are expected to significantly increase user conversion rates and engagement[15] - The company is actively collaborating with content creators to enhance product visibility and user conversion rates[12] - The company has established deep collaborations with various cultural and tourism bureaus, travel agencies, and scenic areas to transform service models in the tourism industry[16] - The newly developed SaaS product "Lüji Chàngyóu Bǎo" enhances digital operational capabilities for scenic areas, broadening consumer touchpoints for secondary consumption[16] - The company is focusing on the integration of AI and MR technologies to enhance user experience and create a second growth curve through commercialization of "Lüji MR" products[17] Shareholder Information - As of June 30, 2024, the total number of shares issued by the company is 1,687,200,675[50] - Mr. Zang holds 5,312,000 shares directly, representing approximately 0.31% of the company's equity[50] - Lu Jia Technology owns 407,055,400 shares, accounting for 24.13% of the company's equity[52] - The total shares held by Mr. Fan and related entities amount to 560,120,500, which is approximately 33.20% of the company's equity[52] - The company has a significant concentration of ownership, with major shareholders holding over 33% of the equity collectively[52] Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors[72] - The company has complied with all applicable corporate governance codes during the reporting period[71] - The company is committed to maintaining compliance with the Hong Kong Stock Exchange regulations[139] Cash Flow and Financial Position - The net cash generated from operating activities was approximately RMB 153.1 million, primarily due to a pre-tax profit of about RMB 82.6 million[41] - The net cash used in investing activities was approximately RMB 164.0 million, mainly due to the acquisition of intangible assets amounting to RMB 164.2 million[41] - The net cash generated from financing activities was approximately RMB 41.2 million, primarily from bank borrowings of RMB 30.0 million and share issuance of RMB 12.5 million[41] - The company reported a decrease in expected credit loss provisions to RMB 210,000 from RMB 434,000 in the previous year, indicating improved credit quality[83] - The total assets as of June 30, 2024, amounted to RMB 1,182,122,000, an increase from RMB 1,038,318,000 as of December 31, 2023[85] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[86] - The company is exploring market expansion opportunities to increase its user base[139] - The company is considering mergers and acquisitions as part of its growth strategy[139]

Financial Performance - Revenue increased by approximately 26.1% to about RMB 268.5 million, compared to RMB 213.0 million in the same period last year[2]. - Gross profit rose by approximately 26.4% to about RMB 99.7 million, with a gross margin of approximately 37.1%, slightly up from 37.0% in the previous year[2][4]. - Profit for the period was approximately RMB 52.3 million, reflecting a 1.6% increase from RMB 51.5 million in the same period last year[2][4]. - Total revenue increased by approximately 27.2% from about RMB 210.8 million to approximately RMB 268.2 million during the reporting period[7]. - Net profit rose by approximately 1.6% from about RMB 51.5 million to approximately RMB 52.3 million compared to the same period last year[7]. - Revenue for the six months ended June 30, 2024, was RMB 268,501 thousand, an increase from RMB 212,982 thousand in the same period of 2023, representing a growth of approximately 26%[15]. - Gross profit for the same period was RMB 99,666 thousand, compared to RMB 78,860 thousand in 2023, indicating a gross margin improvement[15]. - The company reported a pre-tax profit of RMB 82,616 thousand, up from RMB 63,858 thousand year-over-year, reflecting a growth of approximately 29%[15]. Product Development and Market Expansion - The number of developed online electronic guides increased to 66,229, up from 50,386 in the previous year, marking a significant growth in product offerings[3][4]. - The company is focusing on digital marketing solutions through its "Digital Scenic" product, enhancing operational efficiency for scenic areas[6]. - Collaborations with content creators on mobile internet platforms are aimed at increasing brand awareness and user conversion rates for the company's electronic guide products[6]. - The company is leveraging new technologies to enhance the production capabilities of online guides and customized content[8]. - The company is developing a comprehensive digital marketing SaaS system to improve the operational capabilities of tourist attractions and enhance consumer engagement[11]. - The digital transformation project "Future Scenic Area" aims to provide personalized services through a mobile platform, enhancing the overall travel experience[11]. - The company plans to optimize its guiding products and enhance content through the integration of MR and AI technologies, aiming to improve user interaction[14]. - The company is exploring potential acquisitions to enhance its service offerings, with a budget of $50 million allocated for this purpose[94]. Cost Management and Profitability - Sales and distribution expenses decreased by approximately 10.2% to about RMB 7.9 million, while administrative expenses decreased by approximately 0.6% to about RMB 9.1 million[4][5]. - The company is actively implementing various measures to control operating costs and reduce unnecessary expenditures, contributing to improved profitability[5]. - Total cost of sales increased by approximately 25.9% to about RMB 168.8 million, mainly due to increased commissions from online travel platform sales[23]. - Other income and net gains decreased by approximately 81.2% to about RMB 0.7 million, primarily due to a reduction in interest and subsidy income[25]. - Income tax expenses increased to approximately RMB 30.3 million from RMB 12.3 million due to an increase in taxable income[28]. - Profit for the period was approximately RMB 52.3 million, up from RMB 51.5 million, with a net profit margin of approximately 19.5%, down from 24.2% primarily due to increased amortization of intangible assets[29]. User Engagement and Technology Integration - The company continues to enhance user experience in online electronic guides, leveraging strong market position and product quality to capture growth opportunities in the recovering travel market[5]. - The introduction of national-level IP virtual characters through AR technology is expected to significantly enhance user conversion rates and engagement[10]. - The company is leveraging AI and MR technologies to enhance user experience in tourism, aiming to provide high-quality services during the recovery phase of the travel market[12]. - The introduction of the "Virtual Reality" and "Smart Guidance" technologies is expected to meet the increasing consumer demand for contactless travel experiences[13]. Financial Position and Equity - As of June 30, 2024, the company had a total equity of approximately RMB 979.9 million, up from RMB 915.2 million[32]. - The company had no significant contingent liabilities as of June 30, 2024, maintaining a stable financial position[38]. - The company reported a total equity of RMB 979,938 thousand as of June 30, 2024, compared to RMB 915,215 thousand at the end of 2023, showing a growth of approximately 7.1%[42]. - Cash and cash equivalents increased to approximately RMB 155.3 million from RMB 125.1 million, driven by increased sales revenue[32]. - The total amount of prepayments, deposits, and other receivables was RMB 165,216,000 as of June 30, 2024, down from RMB 172,825,000 as of December 31, 2023[65]. Future Outlook and Strategic Initiatives - The government is expected to implement measures to stimulate domestic consumption, which will accelerate the recovery of the travel market in 2024[13]. - The online penetration rate of travel products is projected to increase, driven by the continuous digital transformation of the tourism industry in China[13]. - The company aims to implement a new SaaS model, which is expected to generate an additional $5 million in recurring revenue annually[94]. - The upcoming fiscal year guidance projects a revenue growth of 12% to 15%, with total revenue expected to reach between $80 million and $85 million[94].

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，並明確表示概不就因本公告全部 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。 Lvji Technology Holdings Inc. 驢跡科技控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號︰1745） 有關2022年度報告之補充公告 茲提述驢跡科技控股有限公司（「本公司」於2023年4月27日刊發的截至2022年12 月31日止年度之年度報告（「2022年度報告」）。除文義另有所指外，本公告所用詞 彙與2022年度報告所界定者具有相同涵義。 本公司謹此提供以下有關2022年度報告所載「股份獎勵計劃」之進一步資料： 根據上市規則第17.07(2)條，於2022年1月1日及2022年12月31日，根據股份獎勵 計劃可供授出的股份獎勵數目分別為73,182,500股以及731,825股股份。 根據上市規則第17.09(3)條，根據股份獎勵計劃可供發行的本公司股份總數為 731,825股股份，約佔2022年度報告日期本公司已發行股份數目的0.05%。 根據上市規則第17.0 ...

Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 212,982,000, representing a 45% increase from RMB 146,742,000 in the same period of 2022[9] - Gross profit for the same period was RMB 78,860,000, up 36.5% from RMB 57,731,000 year-on-year[9] - Profit before tax increased to RMB 63,858,000, a 90% rise compared to RMB 33,500,000 in the previous year[9] - Net profit for the period was RMB 51,515,000, which is a 94% increase from RMB 26,508,000 in the prior year[9] - Basic and diluted earnings per share rose to RMB 3.35, compared to RMB 1.81 in the same period last year[9] - Total revenue for the six months ended June 30, 2023, was RMB 3,552,000, compared to RMB 1,479,000 for the same period in 2022, representing a significant increase[29] - Interest income increased to RMB 2,593,000 in 2023 from RMB 1,161,000 in 2022, marking a growth of approximately 123%[29] - The company reported a net foreign exchange gain of RMB 240,000 in 2023, a recovery from a loss of RMB 3,438,000 in 2022[29] - The pre-tax profit for the period was RMB 63.9 million, representing a 90.6% increase from RMB 33.5 million in the previous year[118] - Net profit for the period was approximately RMB 51.5 million, representing an increase of about 94.3% compared to RMB 26.5 million in the same period last year[124] Cash Flow and Liquidity - Cash generated from operating activities was RMB 66,526,000, slightly up from RMB 63,801,000 in the previous year[16] - The company’s cash and cash equivalents stood at RMB 305,324,000, down from RMB 320,404,000 at the end of the previous year[13] - Cash and cash equivalents as of June 30, 2023, were approximately RMB 305.3 million, a decrease from RMB 320.4 million as of December 31, 2022[168] - Operating cash flow net amount was approximately RMB 66.5 million, primarily due to a pre-tax profit of about RMB 63.9 million[187] - The company recorded a net cash outflow from financing activities of approximately RMB 1.4 million, primarily due to lease liability repayments[190] - The company maintained a strong liquidity position throughout the reporting period, supported by prudent financial management policies[186] Assets and Liabilities - Total assets increased to RMB 433,900,000, compared to RMB 380,254,000 at the end of the previous year[13] - The total financial assets amounted to RMB 431,176 thousand as of June 30, 2023, compared to RMB 382,490 thousand as of December 31, 2022, indicating an increase of 12.7%[92] - The total liabilities decreased to RMB 27,972 thousand as of June 30, 2023, from RMB 21,172 thousand as of December 31, 2022, indicating an increase of 32.2%[92] - The company reported a significant increase in trade receivables, which rose to RMB 50,573,000 from RMB 28,910,000[13] - Trade receivables increased by approximately RMB 21.7 million from RMB 28.9 million to RMB 50.6 million, mainly due to increased revenue[185] Operational Highlights - The group primarily operates as an online electronic navigation provider in mainland China, with most revenue generated from this market[38] - The company has developed a total of 50,386 online electronic guides as of June 30, 2023, up from 39,172 as of June 30, 2022[77] - The company expanded its coverage to 297 AAAAA-rated tourist attractions, 2,734 AAAA-rated attractions, and 2,622 AAA-rated attractions by June 30, 2023[127] - The company is enhancing its digital marketing solutions through the "Digital Scenic" product, which integrates smart management and marketing systems for scenic areas[122] - The company is leveraging AR, MR, and AI technologies to enhance user experience in travel online electronic guides, aiming to create long-term value for shareholders[122] - The company has successfully implemented the "Digital Scenic" product in several tourist areas, meeting the modernization requirements of national tourism[123] - The company is focusing on enhancing user experience through continuous development of electronic guide content, including innovative themes and multimedia formats[146] - The company has established deep collaborations with various cultural and tourism bureaus, travel agencies, and scenic spots to transform service models in the tourism industry[147] Cost Management - Operating expenses decreased, with sales and distribution expenses at RMB 8.8 million (down 19.4%) and administrative expenses at RMB 9.6 million (down 33.6%) due to cost control measures[111] - Administrative expenses decreased by approximately 33.6% from RMB 14.4 million to RMB 9.6 million, primarily due to reduced salary and benefits for management personnel[183] - Sales and distribution expenses decreased by approximately 19.4% to RMB 8.8 million, primarily due to reduced offline travel promotions[164] Future Outlook - Long-term growth is expected due to the continuous expansion of the middle-class population in China and the increasing demand for high-quality travel services[149] - The government has introduced multiple measures to stimulate domestic consumption, accelerating the recovery of the tourism market[148] - The company aims to leverage its core competitive advantages in technology innovation and strategic partnerships to capture opportunities in the recovering tourism industry[149] - The introduction of national-level IP virtual characters using augmented reality (AR) technology is expected to significantly enhance user conversion rates and engagement[128] - The company aims to leverage AI and mixed reality (MR) technologies to enhance the online electronic guide experience, targeting a market capacity growth that could lead to revenues exceeding HKD 1 billion[128]

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。 Lvji Technology Holdings Inc. 驢跡科技控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號︰1745） 截至二零二三年六月三十日止六個月之 業績公告 董事會謹此宣佈本集團於報告期間之未經審核綜合業績連同同期的比較數字。 於本公告中，「我們」及「我們的」指本公司，倘文義另有所指，則指本集團。 重點摘要 於報告期間： • 收益由同期的人民幣146.7百萬元增加約45.1%至人民幣213.0百萬元。 • 毛利由同期的人民幣57.7百萬元增加約36.6%至人民幣78.9百萬元，毛利率 ...

Revenue and Profit Performance - Revenue decreased by 9.8% year-on-year from approximately RMB 381.7 million in 2021 to approximately RMB 344.3 million in 2022, primarily due to the impact of tightened pandemic control policies on tourism consumption[5] - Net profit for 2022 was approximately RMB 37.5 million, compared to a loss of approximately RMB 549.6 million in 2021[6] - Adjusted net profit (non-GAAP) for 2022 was approximately RMB 89.4 million, compared to RMB 13.0 million in 2021[6] - Gross profit increased by 17.1% year-on-year from RMB 116.8 million in 2021 to RMB 136.8 million in 2022[8] - Adjusted net profit margin (non-GAAP) increased from 3.4% in 2021 to 26.0% in 2022[8] - Revenue from online travel platform sales of online electronic guides reached RMB 339.5 million in 2022, a slight decrease from RMB 339.9 million in 2021[22] - Revenue from sales of customized content dropped to RMB 4.74 million in 2022 from RMB 12.83 million in 2021[22] - Total revenue for 2022 was RMB 344.33 million, down from RMB 381.71 million in 2021[22] - Revenue decreased by 9.8% to approximately RMB 344.3 million in 2022 compared to the previous year[46] - Gross profit increased to RMB 136.8 million in 2022 from RMB 116.8 million in 2021[33] - The company achieved a net profit of RMB 37.5 million in 2022, compared to a net loss of RMB 549.6 million in 2021[33][46] - Revenue from customized content sales decreased by 63% to RMB 4.7 million in 2022[40] - Total revenue decreased by 9.8% from RMB 381.7 million in the same period last year to RMB 344.3 million in the reporting period[50] - Gross profit margin increased from 30.6% as of December 31, 2021, to 39.7% as of December 31, 2022[50] - Net profit for the reporting period was RMB 37.5 million, compared to a net loss of RMB 549.6 million in the same period last year[50] - Revenue from customized content sales decreased by 63.0% year-on-year to RMB 4.7 million (same period: RMB 12.8 million)[49] - Revenue for 2022 was RMB 344.328 million, a decrease from RMB 381.712 million in 2021[184] - Gross profit for 2022 was RMB 136.792 million, up from RMB 116.825 million in 2021[184] - Net profit for 2022 was RMB 37.537 million, compared to a net loss of RMB 549.617 million in 2021[184] - Basic and diluted earnings per share for 2022 were RMB 0.0256, compared to a loss per share of RMB 0.3755 in 2021[184] - Total comprehensive income for 2022 was RMB 66.769 million, compared to a comprehensive loss of RMB 557.172 million in 2021[187] Product and Service Development - The number of online electronic guides increased from 35,315 to 46,917, with Chinese tourist attractions covered rising from 22,502 to 33,660[6] - The company developed the SaaS product "Lvji Changyou Bao" to enhance digital marketing and operational services for scenic areas[9] - The company utilized XR technology to upgrade projects such as Guizhou's Xijiang Qianhu Miao Village and Guangxi's Guilin Tourism College[12] - The company is focusing on developing a cultural tourism full industry chain service platform, leveraging its core competitive advantages in technological innovation and strategic partnerships with online travel platforms[15] - The company is optimizing its "Lvji One-Machine Tour" product to enhance scenic area management, operation, and service capabilities, aiming to boost secondary sales revenue and long-term development[19] - The company is upgrading its SaaS business to build a multi-terminal, multi-channel smart tourism ecosystem, linking various consumer services such as dining, accommodation, transportation, entertainment, and shopping[19] - The company is enhancing its guide products by integrating XR and AI technologies, improving 3D hand-drawn maps, and focusing on creating a more interactive consumer experience[19] - The company successfully delivered multiple key projects of its smart scenic area management service system during the reporting period, aiding in the digital upgrade of scenic areas[28] - The number of covered Chinese tourist attractions increased by 11,158 to 33,660 in 2022[42] - The number of developed online electronic guides increased by 11,602 to 46,917 in 2022[42] - The company's SaaS product "Shujingtong" was iterated to enhance digital marketing and operational efficiency for tourist attractions[48] - The number of online electronic guides increased from 35,315 as of December 31, 2021, to 46,917 as of December 31, 2022[51] - The number of Chinese tourist attractions covered by online electronic guides increased from 22,502 as of December 31, 2021, to 33,660 as of December 31, 2022[51] - Registered users of the Lvji APP increased from 2,196,319 in 2021 to 2,236,027 in 2022[61] - The company covered 297 AAAAA-level tourist attractions, 2,734 AAAA-level tourist attractions, and 2,516 AAA-level tourist attractions as of December 31, 2022[54] - The company's content production team provides product services and technical support to online travel platforms, facilitating data transmission and verification between systems[135] Expenses and Cost Management - Sales and distribution expenses decreased significantly by 71.8% year-on-year[46] - Administrative expenses (excluding equity-settled share-based payment expenses) decreased by 27.2% year-on-year[46] - Employee compensation reached RMB 74.6 million in 2022, compared to RMB 30.5 million in 2021, representing a significant increase[69] - The company's operating expenses include hiring additional employees[99] - Intangible assets amortization decreased to RMB 35,088 thousand in 2022 from RMB 90,007 thousand in 2021[156] Strategic Initiatives and Future Plans - The company is closely monitoring the latest developments in overseas travel and adjusting its overseas online electronic guide business strategy accordingly[19] - The company is targeting the creation of national-level demonstration zones for comprehensive tourism, optimizing regional tourism systems and building a comprehensive big data service platform[19] - The company plans to continue attracting, training, and retaining more technical and R&D talent to strengthen and maintain technological innovation[107] - The company plans to diversify its customer base by engaging with local travel agents, end-users of the Lvji APP, local tourist attractions, and cultural heritage units[164] - The company is actively seeking merger and acquisition opportunities to expand its market size[164] - The company may need to obtain an ICP certificate or other additional licenses if there are changes in the interpretation of Chinese laws and regulations[165] - The company intends to amend its memorandum and articles of association to comply with the listing rules and corporate governance code effective from January 1, 2022[167] Financial Position and Cash Flow - Operating cash flow for 2022 was RMB 164,174 thousand, compared to RMB 81,679 thousand in 2021, showing a significant increase[156] - The company reported a pre-tax profit of RMB 47,012 thousand in 2022, a substantial improvement from a loss of RMB 541,944 thousand in 2021[156] - Investment activities used RMB 200,924 thousand in cash for 2022, a decrease from RMB 233,586 thousand in 2021[159] - Cash and cash equivalents decreased by RMB 39,382 thousand in 2022, compared to a decrease of RMB 154,816 thousand in 2021[159] - The company's cash and cash equivalents at the end of 2022 were RMB 320,404 thousand, down from RMB 359,665 thousand at the end of 2021[159] - Total equity as of December 31, 2022, was RMB 701.852 million, up from RMB 583.245 million at the end of 2021[190] - The company issued shares under the share incentive plan, amounting to RMB 51.838 million[190] Shareholder and Corporate Governance - The company adopted a share option plan on December 20, 2019, allowing the board to grant options to employees, directors, consultants, and other stakeholders under specified terms[71] - The share option plan stipulates that the exercise price of any option granted shall not be lower than the highest of: (i) the closing price on the grant date, (ii) the average closing price over the five preceding business days, or (iii) the nominal value of the shares on the grant date[74] - The company adopted a share award plan on January 21, 2022, with a remaining term of approximately 8 years and 9 months as of the annual report date[77][82] - No share awards were granted to directors, major shareholders, or their associates, or to participants exceeding 1% of the individual limit or 0.1% of the company’s issued shares in any 12-month period[80] - The company pledged bank deposits of RMB 0.5 million as collateral in 2022, primarily to government authorities for tourism-related business operations in China, compared to RMB 0.2 million in 2021[83] - Wang Lei, aged 39, was appointed as Vice Chairman of the Board on August 15, 2022, and has extensive experience in tourism and investment management[85] - Liu Hui, aged 44, was appointed as Executive Director and General Manager of the Smart Scenic Area Business Unit on July 7, 2021, with a background in operations and technology[86] - Zhang, an executive director at BOC International Infrastructure Fund Management Co., Ltd., has extensive experience in investment banking and asset management[87] - Gu Jianlu, aged 31, was appointed as an Independent Non-Executive Director on November 19, 2019, responsible for providing independent oversight to the board[88] - The company did not declare or pay any dividends for the year ended December 31, 2022, and the board recommended not paying a final dividend for the same period[93] - The company's top five online travel platforms accounted for approximately 98.6% of its total revenue for the year ended December 31, 2022, up from 89.0% in 2021[105] - The largest customer contributed approximately 34.8% of the company's total revenue for the year ended December 31, 2022, compared to 30.1% in 2021[105] - The top five suppliers accounted for approximately 66.3% of the company's total procurement amount for the year ended December 31, 2022, up from 46.9% in 2021[106] - The company's major shareholders include Fan Xiansheng with a 36.30% stake, Qifu Honglian BVI with a 3.09% stake, and Jieming Sanhao BVI with a 2.53% stake[148] - The company's operational management team is responsible for formulating business policies and strategies, and overseeing their execution[136] - The company has no distributable reserves as of December 31, 2022[125] - The company has no outstanding bank loans or other borrowings as of December 31, 2022[126] - The company's customer base includes online travel platforms, travel agents, Lvji APP users, tourist attraction management agencies, and government offices[134] - Qifu Honglian BVI directly holds 47,401,200 shares, representing a significant portion of the company's equity[177] - The company's total issued shares as of December 31, 2022, were 1,536,100,675[179] - The company, Lu Ji Technology Holdings Limited, was incorporated in the Cayman Islands on November 7, 2018, and its shares were listed on the Hong Kong Stock Exchange on January 17, 2020[195][196] - The company's subsidiaries primarily engage in providing online electronic guide services in China, with 100% ownership in key subsidiaries such as Zhonghexin Technology Holdings Limited and Guangzhou Zhixin Information Consulting Co., Ltd[197] - The registered capital of Guangzhou Zhixin Information Consulting Co., Ltd is RMB 300,000,000, and Lu Ji Technology Group Co., Ltd has a registered capital of RMB 128,272,396[197] - The company's financial statements for the year ended December 31, 2022, were approved by the board of directors on March 24, 2023[196] - The company's ultimate controlling shareholder and chairman is Mr. Zang Weizhong[196] Risks and Challenges - The company faces risks related to a small number of customers, including online travel platforms, contributing a significant portion of its revenue[108] - The company's user base and user engagement are critical to its success, with potential risks to profitability and market share if user engagement declines[140] - The online electronic guide industry is highly competitive, with potential increased competition from new entrants and existing players expanding into the industry[139] Environmental and Social Responsibility - The company's environmental policies and performance are outlined in the annual report[103] Capital and Investment - The company's unused net proceeds from share placements are deposited in licensed banks in Hong Kong and China[98] - The company's net proceeds from the IPO amounted to approximately HKD 580.0 million, with HKD 354.8 million (equivalent to approximately RMB 314.4 million) utilized as of December 31, 2021[128] - The expected timeline for the use of the net proceeds from the placement was extended to December 31, 2024, with no significant changes in the intended use as of December 31, 2022[131] - No significant investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures were made in 2022[68]

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。 Lvji Technology Holdings Inc. 驢跡科技控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號︰1745） 截至二零二二年十二月三十一日止年度之 年度業績公告 董事會宣佈本集團截至二零二二年十二月三十一日止年度之綜合業績連同截至 二零二一年十二月三十一日止年度的比較數字。 重點摘要 於報告期間： • 收益由二零二一年的約人民幣381.7百萬元同比減少約9.8%至二零二二年的 約人民幣344.3百萬元，收益減少的原因主要是受疫情防控政策收緊，文旅 消費受到較大影響，通過向旅遊代理銷售的電子導覽減少。 ...

Financial Performance - Revenue decreased by approximately 16.2% to RMB 146.7 million from RMB 175.1 million in the same period last year[49] - Gross profit increased by 18.3% to RMB 57.7 million, with a gross margin of 39.3%, compared to 27.9% in the same period last year[49] - Net profit for the period was RMB 26.5 million, a significant increase of 2,912.3% from RMB 0.9 million in the same period last year[49] - Revenue from online electronic guide sales was approximately RMB 145.0 million, a decrease of 14.8% compared to the same period last year, primarily due to travel restrictions caused by recurring COVID-19 outbreaks[51] - Revenue decreased by 16.2% to RMB 146.7 million due to the impact of COVID-19 and related policies[57] - Revenue for the six months ended June 30, 2022, was RMB 146,742,000, a decrease of 16.3% compared to RMB 175,137,000 for the same period in 2021[170] - Net profit for the period was RMB 26,508,000, compared to RMB 880,000 in the prior year, reflecting a year-on-year increase of 2,908.6%[170] - Total comprehensive income for the period was RMB 43,465,000, compared to a loss of RMB 2,425,000 in the previous year[171] Cost Management - Sales and distribution expenses were approximately RMB 10.9 million, a decrease of 62.0% compared to the same period last year[52] - Administrative expenses were approximately RMB 14.4 million, a decrease of 13.4% compared to the same period last year[52] - Operating costs were effectively controlled, with sales and distribution expenses reduced by 62% and administrative expenses decreased by 13.4%[57] - The company implemented multiple cost control measures, contributing to the significant increase in profitability[51] - The gross margin improvement was mainly due to a decrease in intangible asset amortization costs[51] Development and Innovation - The number of developed online electronic guides increased to 39,172 as of June 30, 2022, up from 30,464 as of June 30, 2021[52] - The company continues to upgrade its SaaS product "Digital Scenic Communication" to enhance digital marketing solutions for scenic areas[58] - The company plans to strengthen innovation and R&D capabilities to meet the digital upgrade needs of scenic areas[61] - The company aims to maintain its leading market position in online electronic guides while exploring investment opportunities for future growth[61] Shareholder Structure and Governance - The company has established a concert party agreement among major shareholders to ensure unified decision-making in corporate matters[111] - The overall ownership structure indicates a concentrated control among a few major shareholders, which may impact corporate governance and strategic decisions[114] - The company continues to comply with the Securities and Futures Ordinance regarding the disclosure of interests and positions held by directors and major shareholders[115] - The report highlights the importance of shareholder agreements in influencing corporate governance and decision-making processes[121] - The company has maintained high levels of corporate governance to protect shareholder interests and enhance accountability[155] Cash Flow and Investments - Net cash inflow from operating activities was approximately RMB 63.8 million, attributed to positive changes in working capital[93] - Net cash used in investing activities was approximately RMB 80.3 million, primarily due to the acquisition of other intangible assets[94] - The company reported a decrease in cash and cash equivalents to RMB 358,666,000 as of June 30, 2022, down from RMB 389,516,000 a year earlier, representing a decline of approximately 7.9%[180] - The company’s investment activities resulted in a net cash outflow of RMB 80,338,000 for the six months ended June 30, 2022, compared to RMB 88,623,000 in the previous year[180] Employee and Talent Management - The group had a total of 102 full-time employees as of June 30, 2022, down from 217 employees as of December 31, 2021[101] - The share reward plan aims to recognize employee contributions and attract suitable talent for the company's further development[142] Revenue Sources - Online travel platform sales accounted for approximately 98.8% of total revenue, with sales decreasing by about 14.8% to approximately RMB 145.0 million[69] - Revenue from customized content sales decreased by approximately 60.9% to RMB 1.7 million, primarily due to project delays and reduced demand caused by the COVID-19 pandemic[76] - Revenue from customized content sales decreased by approximately 60.9%, amounting to RMB 1.7 million compared to RMB 4.3 million in the same period last year[59]

Impairment Loss and Copyrights - The company recorded an impairment loss of RMB 562.6 million for the year ended December 31, 2021, which accounted for 97.7% of the net loss for the same period [9]. - The total number of impaired copyrights was 30,024, with a carrying value before impairment of RMB 639.89 million and a value in use of RMB 77.29 million [10]. - Domestic market impaired copyrights amounted to 15,070, with a carrying value before impairment of RMB 258.17 million and an impairment loss of RMB 188.14 million [10]. - The total carrying value of copyrights, both impaired and unimpaired, was RMB 730.54 million as of December 31, 2021 [10]. - The company is committed to monitoring the dynamic and uncertain situation regarding asset impairment due to the evolving nature of the pandemic [9]. - The company continues to adhere to accounting standards and policies for impairment reviews to ensure accurate financial reporting [20]. - The company will continue to perform annual impairment tests as required by accounting policies [20]. Market Impact and Recovery - The overall travel market and the company's operations were significantly impacted by COVID-19, leading to a decline in sales demand both domestically and internationally [6]. - The company anticipates a V-shaped recovery trend in the domestic tourism market, reflecting confidence in future development [5]. - The online electronic guide sales revenue from the overseas market primarily came from domestic tourists, which was severely affected by travel restrictions [7]. - The company did not foresee the COVID-19 pandemic's impact extending throughout 2021, despite ongoing international travel restrictions [7]. Financial Projections and Costs - The company expects continued growth in revenue from the domestic market, driven by the resilience of the Chinese economy and demand for travel and leisure [5]. - The estimated growth rate for the next 5 to 10 years is projected at 2.5% [15]. - The company anticipates an operating capital growth rate of 8.33% [15]. - The operating cost for the year was reported at 17.2%, an increase from 14.7% in the previous year [18]. - The depreciation expense for fixed assets was recorded at 0.81%, up from 0.67% in the previous year [18]. - The cash flow forecasts are based on reasonable assumptions reflecting the company's best estimates [12]. Valuation and Accounting Policies - The company adopted a post-tax discount rate of 17% for the valuation of intangible assets, reflecting current market conditions and business risks [13]. - The tax rate applied in the valuation is between 15% and 25% [15]. - The remaining useful life for the intangible assets is estimated to be between 0.1 to 10 years [15].