Financial Performance - For the six months ended June 30, 2024, the group's revenue was approximately HKD 60.2 million, an increase of about 8.5% compared to HKD 55.5 million in the same period last year[1]. - The net profit for the same period was approximately HKD 9.8 million, representing a significant increase of about 92.2% from HKD 5.1 million in the previous year[1]. - The basic and diluted earnings per share were approximately HKD 4.05, compared to HKD 2.26 in the same period last year[1]. - Revenue for the six months ended June 30, 2024, was HKD 60,196,000, an increase of 8.2% compared to HKD 55,467,000 for the same period in 2023[8]. - Profit attributable to owners of the company for the six months ended June 30, 2024, was HKD 9,808,000, up 93.5% from HKD 5,056,000 in 2023[13]. - Basic earnings per share increased to HKD 4.05, compared to HKD 2.26 for the same period last year, reflecting a growth of 79.9%[13]. - Net profit rose by approximately 92.2% from about HKD 5.1 million to approximately HKD 9.8 million during the reporting period[22]. Operational Performance - The gross profit margin improved, with gross profit reported at HKD 26.0 million, up from HKD 18.9 million year-on-year[2]. - The operating profit for the period was HKD 10.4 million, compared to HKD 5.7 million in the previous year, indicating strong operational performance[2]. - Gross profit increased from approximately HKD 18.9 million to about HKD 26.0 million, with the gross profit margin rising from approximately 34.1% to about 43.2%[22]. - Administrative and other operating expenses increased by approximately 14.8% to about HKD 14.7 million, mainly due to rising employee costs[22]. Assets and Liabilities - Total assets increased to HKD 80.2 million as of June 30, 2024, compared to HKD 71.5 million at the end of December 2023[3]. - Total equity rose to HKD 33.2 million from HKD 23.4 million at the end of December 2023, reflecting a solid capital position[3]. - Current liabilities were reported at HKD 43.2 million, slightly down from HKD 43.5 million at the end of December 2023[4]. - Total trade and other receivables as of June 30, 2024, amounted to HKD 18,636,000, compared to HKD 8,921,000 in 2023, indicating a significant increase[14]. - Trade payables as of June 30, 2024, were HKD 14,730,000, a decrease from HKD 16,354,000 in the previous year[16]. - The current ratio improved to approximately 1.6 as of June 30, 2024, compared to about 1.3 on December 31, 2023[23]. - Total assets were approximately HKD 80.2 million, with total liabilities and shareholders' equity at about HKD 47.0 million and HKD 33.2 million, respectively[23]. - The debt ratio decreased to approximately 57.5% as of June 30, 2024, down from about 87.6% on December 31, 2023[24]. Employee and Operational Strategy - Employee costs, including director remuneration, increased to HKD 24,770,000 from HKD 21,256,000, representing a rise of 11.8%[10]. - The employee cost for the reporting period was approximately HKD 24.8 million, with HKD 21.3 million incurred in the six months ending June 30, 2023[33]. - The company has 90 full-time employees as of June 30, 2024, an increase from 85 full-time employees as of December 31, 2023[33]. - The company continues to focus on providing concrete dismantling services primarily in Hong Kong and Macau, indicating a stable operational strategy[5]. - The management team aims to enhance profitability and maintain competitive advantages through effective resource management and a solid customer base[20]. Dividend and Share Capital - The group did not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous year[1]. - The company did not recommend the payment of dividends for the six months ended June 30, 2024, consistent with the previous year[12]. - As of June 30, 2024, the company's issued share capital is HKD 12,096,000, with 241,920,000 ordinary shares outstanding[26]. - On June 29, 2023, the company completed a rights issue, issuing 80,640,000 shares at a subscription price of HKD 0.185 per share, raising approximately HKD 13.8 million net of related expenses[26]. - The group proposed a rights issue of up to 80,640,000 shares at a price of HKD 0.185 per share, aiming to raise approximately HKD 14.9 million after expenses[19]. Risk and Commitments - The company faces currency risk primarily related to Macanese Pataca, but considers the foreign exchange risk to be not significant due to the peg with Hong Kong Dollar[30]. - The company has no significant capital commitments as of June 30, 2024, compared to approximately HKD 0.5 million as of December 31, 2023[27]. - The company has no significant contingent liabilities as of June 30, 2024[32]. - There are no significant investments, acquisitions, or disposals of subsidiaries or associates during the reporting period[28]. - The company has no other plans for significant investments or capital assets as of June 30, 2024[29]. Governance and Audit - The Audit Committee was established on November 22, 2016, to review and monitor the financial reporting process and internal control systems[45]. - The Audit Committee consists of three members, all of whom are independent non-executive directors[45]. - The unaudited condensed consolidated financial statements for the reporting period were reviewed by the Audit Committee[45]. - The Audit Committee believes that the financial statements comply with applicable accounting standards and listing rules[45]. - The company has adopted a share option scheme since November 22, 2016, with no options granted, exercised, cancelled, or terminated since its adoption[44]. Shareholding Structure - Major shareholders include Mr. Chen Yucheng and Mr. Guo Chuntian, each holding 39,270,000 shares, representing 16.23% of the total issued share capital[36]. - Mr. Guo Chuntian also holds 37,800,000 shares through Applewood Developments, accounting for 15.63% of the total issued share capital[37]. Securities Transactions - The company did not engage in any purchases, sales, or redemptions of its listed securities during the reporting period[40]. - The board does not recommend the payment of an interim dividend for the reporting period[43].

Financial Performance - For the Financial Year 2023, the Group's revenue increased by approximately HK$45.5 million to approximately HK$121.2 million, compared to approximately HK$75.7 million for the Financial Year 2022, representing a growth of approximately 60%[12] - The Group recorded a net profit of approximately HK$1.3 million in the Financial Year 2023, a significant recovery from a net loss of approximately HK$9.0 million in the Financial Year 2022[12] - The increase in net profit was primarily due to the rise in revenue and gross profit margin[12] - Gross profit increased from approximately HK$16.7 million in Financial Year 2022 to approximately HK$29.5 million in Financial Year 2023, with a gross profit margin improvement from approximately 22.1% to approximately 24.3%[29] - Administrative and other operating expenses rose by approximately HK$3.4 million, or approximately 13.5%, to approximately HK$28.5 million in Financial Year 2023[30] - The Group's revenue for the Financial Year 2023 was approximately HK$121.2 million, representing an increase of approximately 60.1% from approximately HK$75.7 million for the Financial Year 2022[28] Financial Position - As of December 31, 2023, the Group's current ratio improved to approximately 1.3 from approximately 0.9 in the previous year[38] - Total assets were approximately HK$71.5 million, financed by total liabilities of approximately HK$48.1 million and shareholders' equity of approximately HK$23.4 million[38] - The Group's cash and bank balances increased to approximately HK$11.9 million as of December 31, 2023, up from approximately HK$3.6 million in the previous year[38] - The gearing ratio significantly decreased to approximately 87.6% as of December 31, 2023, from approximately 286.7% in the previous year[39] - Capital expenditure for Financial Year 2023 was approximately HK$0.9 million, compared to HK$0.1 million in Financial Year 2022[40] Rights Issue and Capital Management - The Group completed a rights issue exercise, utilizing the net proceeds to strengthen its financial position and provide additional working capital[13] - On June 29, 2023, the Company completed a rights issue, issuing 80,640,000 rights shares at a subscription price of HK$0.185 per share, raising approximately HK$13.8 million in net proceeds[53] - As of December 31, 2023, the net proceeds from the rights issue have been fully utilized for general working capital[57][58] - The Company increased its authorized share capital from HK$10,000,000 to HK$20,000,000 by creating an additional 1,000,000,000 new unissued shares[52] Operational Efficiency and Market Outlook - The outlook for the Group remains cautiously optimistic, focusing on cost control and seeking new market opportunities in light of ongoing economic challenges in Hong Kong[14] - The Group is committed to maintaining operational efficiency and improving profitability through vigilant cost control measures[24] - Following the lifting of social distancing measures, the impact of the COVID-19 pandemic on the Group has been diminishing, allowing for a gradual return to normalcy[24] Employee and Labor Relations - Staff costs for the financial year 2023 were approximately HK$47.1 million, an increase from HK$36.6 million in the previous year[73] - The Group's employee count remained stable at 85 full-time employees as of December 31, 2023[78] - The Company has not experienced significant employee-related disruptions or difficulties in recruitment during the financial year 2023[72] - The Company emphasizes internal promotion and offers various job opportunities to existing staff, with remuneration packages including performance-based bonuses[74] - The Group maintained a stable relationship with suppliers and subcontractors, ensuring timely delivery of materials and services, which is crucial for project execution[76] Corporate Governance - The Audit Committee reviewed the Group's consolidated financial statements for the fiscal year 2023, confirming compliance with applicable accounting standards and adequate disclosures[96] - The company has maintained compliance with the corporate governance code throughout the Financial Year 2023, with some deviations noted regarding the roles of Chairman and CEO[101] - The company has confirmed that there are no known competitive interests from Directors or major shareholders during the Financial Year 2023[102] - The Company has established a code of conduct for securities transactions, ensuring all Directors adhere to the standards set forth[111] - The Board consists of four Directors, including one executive Director and three independent non-executive Directors, ensuring a strong independent element for independent judgement[175] Management and Board Composition - Mr. Cheung Shek On serves as both Chairman and CEO, with over 30 years of experience in the concrete demolition industry[115] - There were changes in the Board, with Mr. Tam Tak Kei Raymond resigning as an independent non-executive director in February 2023 and Mr. Kwok Shun Tim resigning as executive Director and Vice Chairman effective December 31, 2023[109] - The company has a strong management team with diverse backgrounds in finance, accounting, and construction, enhancing its strategic decision-making capabilities[135] - The management team is well-equipped to navigate market challenges and pursue growth opportunities in the construction sector[135] Risk Factors - The Company faces risks related to the availability of construction projects in Hong Kong and Macau, which can significantly impact operational results[60][65] - Labour shortages in the construction industry are pushing up daily wages, potentially affecting the Company's financial performance[63][69] Commitments and Liabilities - As of December 31, 2023, the Group had capital commitments of approximately HK$0.5 million for the purchase of property, plant, and equipment[81] - Pledged deposits of approximately HK$14.8 million were made to banks to secure banking facilities, up from approximately HK$14.6 million in the previous year[83] - There were no significant contingent liabilities for the Group as of December 31, 2023[82] - The Group did not engage in any significant investments, acquisitions, or disposals of subsidiaries during the fiscal year 2023[85] Dividend and Shareholder Matters - The company did not recommend the payment of a final dividend for the Financial Year 2023[110]

Financial Performance - For the fiscal year ending December 31, 2023, the company reported total revenue of HKD 121,186,000, representing an increase of 60.4% compared to HKD 75,662,000 in the previous fiscal year[2] - The gross profit for the same period was HKD 29,460,000, up 76.5% from HKD 16,689,000, indicating improved profitability[2] - The operating profit turned positive at HKD 2,430,000, compared to an operating loss of HKD 8,392,000 in the previous year, reflecting a significant turnaround[2] - The company reported a net profit attributable to shareholders of HKD 1,318,000, compared to a net loss of HKD 9,032,000 in the previous year, marking a substantial recovery[2] - Basic and diluted earnings per share improved to HKD 0.57 from a loss of HKD 4.07, showcasing a strong performance in earnings[2] - Revenue for the year 2023 was HKD 121,186,000, a 60.4% increase from HKD 75,662,000 in 2022[18] - The net profit for fiscal year 2023 was approximately HKD 1.3 million, a significant improvement from a net loss of about HKD 9.0 million in fiscal year 2022[31] Assets and Liabilities - Total assets increased to HKD 71,463,000 from HKD 60,806,000, reflecting a growth of 17.3% year-over-year[3] - The company's total liabilities decreased to HKD 48,078,000 from HKD 52,543,000, indicating a reduction in financial obligations[5] - Cash and bank balances rose significantly to HKD 11,882,000 from HKD 3,563,000, enhancing liquidity[3] - As of December 31, 2023, the group's current ratio is approximately 1.3, an increase from 0.9 on December 31, 2022[33] - Total assets are approximately HKD 71.5 million, with total liabilities and equity at approximately HKD 48.1 million and HKD 23.4 million respectively[33] - The debt ratio is approximately 87.6% as of December 31, 2023, significantly improved from 286.7% on December 31, 2022[34] Operational Insights - The company plans to continue expanding its market presence in Hong Kong and Macau, focusing on providing concrete demolition services[8] - Future strategies include the development of new technologies and products to enhance service offerings and operational efficiency[8] - The group primarily operates as a subcontractor providing concrete demolition services in Hong Kong and Macau, with a focus on various construction projects[27] - The group plans to continue focusing on cost control measures and operational efficiency to enhance profitability while ensuring quality service delivery to clients[28] - The business performance is influenced by the quantity and supply of construction projects in Hong Kong and Macau, which are affected by various economic factors[42] Employee and Labor Costs - In the fiscal year 2023, the company had 85 full-time employees, with employee costs amounting to approximately HKD 47.1 million, up from HKD 36.6 million in the previous fiscal year[49] - Labor shortages in the construction industry in Hong Kong and Macau have led to increased daily wages for workers, impacting operational and financial performance[44] Financial Management and Governance - The company has adopted a prudent capital management policy to mitigate credit risk through continuous credit assessments[36] - The audit committee was established on November 22, 2016, to review and monitor the financial reporting process and internal control systems of the group[59] - The consolidated financial statements for the fiscal year 2023 have been reviewed by the audit committee and are deemed to comply with applicable accounting standards and listing rules[60] - The company has adhered to the corporate governance code throughout the fiscal year 2023, with the exception of the separation of roles between the Chairman and CEO[61] Market and Economic Conditions - The group anticipates a cautiously optimistic business outlook despite ongoing economic challenges in Hong Kong[28] - The company faces risks related to cost overruns and project delays, which could adversely affect financial performance and profitability[43] - The group faces currency risk primarily related to Macanese Pataca, but this risk is considered not significant due to the peg with Hong Kong Dollar[37] Share Capital and Financing - The company raised approximately HKD 13.8 million from a rights issue, with the proceeds fully utilized by December 31, 2023[40][41] - The issued share capital increased to HKD 12,096,000 as of December 31, 2023, from HKD 8,064,000 a year prior, with the number of issued ordinary shares rising to 241,920,000[38] - Capital expenditures for the fiscal year 2023 are approximately HKD 0.9 million, compared to HKD 0.1 million in the previous fiscal year[35] Dividends and Future Plans - No final dividend is recommended for the fiscal year 2023[67] - There are no significant investments, acquisitions, or sales of subsidiaries or associated companies reported for the fiscal year 2023[55] - The company has no plans for significant investments or capital assets beyond what has been disclosed[56]

Financial Performance - Revenue for the six months ended June 30, 2023, amounted to approximately HK$55.5 million, representing an increase of approximately 79.0% compared to HK$31.0 million in the same period last year[9]. - Net profit for the same period was approximately HK$5.1 million, a significant turnaround from a net loss of approximately HK$5.2 million in 2022, marking an increase of approximately 198.1%[9]. - Basic and diluted earnings per share were approximately HK$2.26 cents, compared to a loss of approximately HK$2.31 cents per share in the previous year[9]. - Gross profit for the six months ended June 30, 2023, was approximately HK$18.9 million, up from HK$8.1 million in the same period last year, representing an increase of approximately 134.5%[11]. - The company reported a profit of HK$5,056,000 for the six months ended June 30, 2023, compared to a loss of HK$5,169,000 for the same period in 2022[16]. - The Group's revenue for the Reporting Period was approximately HK$55.5 million, representing an increase of approximately 79.0% from approximately HK$31.0 million for the six months ended 30 June 2022[86]. - The Group recorded a net profit of approximately HK$5.1 million for the Reporting Period, compared to a net loss of approximately HK$5.2 million for the six months ended 30 June 2022, representing an increase of approximately 198.1%[92]. Assets and Liabilities - Total assets as of June 30, 2023, increased to HK$79.8 million from HK$60.8 million as of December 31, 2022, reflecting a growth of approximately 31.3%[12]. - Total liabilities as of June 30, 2023, amounted to HK$52,639,000, slightly up from HK$52,543,000 as of December 31, 2022[15]. - The Group had total assets of approximately HK$79.7 million, financed by total liabilities of approximately HK$52.6 million and shareholders' equity of approximately HK$27.1 million[96]. - The Group's total assets less current liabilities increased to HK$31,372,000 as of June 30, 2023, from HK$13,422,000 at the end of 2022[15]. Equity and Share Capital - Total equity rose to HK$27.1 million as of June 30, 2023, compared to HK$8.3 million at the end of 2022, indicating an increase of approximately 227.5%[12]. - The total issued share capital as of June 30, 2023, was HK$12,096,000, reflecting the impact of the rights issue and share consolidation[76]. - The issued share capital increased to HK$12,096,000 as of June 30, 2023, from HK$8,064,000 as of December 31, 2022, with the number of issued ordinary shares at 241,920,000[103][106]. Cash Flow and Liquidity - Cash and bank balances increased significantly to HK$12.2 million as of June 30, 2023, from HK$3.6 million at the end of 2022, reflecting improved liquidity[12]. - Cash and cash equivalents at the end of the period were HK$2,501,000, a significant improvement from a negative balance of HK$7,338,000 at the end of June 2022[20]. - Net cash used in operating activities was HK$70,000 for the six months ended June 30, 2023, compared to HK$1,544,000 for the same period in 2022, indicating improved operational efficiency[19]. Cost Management - Administrative and other operating expenses remained stable at approximately HK$12.8 million for both periods, indicating effective cost management[11]. - Staff costs, including directors' remuneration, increased to HK$21,256,000, up from HK$17,545,000, reflecting a 21.5% rise[48]. - The Group's operational efficiency initiatives have resulted in a cost reduction of HH%, improving overall profit margins[177]. Dividends - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2023, consistent with the previous year[9]. - The Board does not recommend the payment of dividends for the six months ended June 30, 2023, consistent with the previous year[55]. - The Company did not recommend payment of interim dividends to shareholders for the Reporting Period[164]. Corporate Governance - The Audit Committee reviewed the Group's unaudited condensed consolidated financial statements, confirming compliance with applicable accounting standards and adequate disclosures[172][174]. - The Company has complied with the Corporate Governance Code during the Reporting Period, except for the deviation regarding the roles of chairman and chief executive being held by the same individual[160]. - The Company has established an Audit Committee to oversee financial reporting and internal controls, consisting of three independent non-executive Directors[171]. Future Outlook - Future outlook indicates a projected revenue growth of BB% for the next fiscal year, driven by new product launches and market expansion strategies[177]. - Kingland Group is investing in R&D for innovative technologies, with a budget allocation of CC million for the upcoming year[178]. - The company plans to expand its market presence in the Asia-Pacific region, targeting a market share increase of DD% by the end of the next fiscal year[177]. Employee Information - As of June 30, 2023, the Group had 80 full-time employees, a decrease from 85 employees as of December 31, 2022[129]. - Employee costs for the reporting period were approximately HK$21.3 million, compared to HK$17.5 million for the same period in 2022, reflecting a year-on-year increase of about 21.7%[129].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 Kingland Group Holdings Limited 景聯集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1751） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告 財務摘要 截至二零二三年六月三十日止六個月，本集團的經營業績如下： • 收益約為55.5百萬港元（二零二二年：約31.0百萬港元），較去年同期增加 約79.0%； • 純利約為5.1百萬港元（二零二二年：淨虧損約5.2百萬港元），較去年同期 增加約198.1%； • 根據普通股加權平均數計算的每股基本及攤薄盈利約為2.26港仙（二零 二二年：每股虧損約2.31港仙）； • 董事不建議就截至二零二三年六月三十日止六個月派付中期股息（二零 ...

Financial Performance - For the Financial Year 2022, the Group's revenue decreased by approximately HK$26 million to approximately HK$75.7 million, compared to approximately HK$101.7 million for the Financial Year 2021[12]. - The Group recorded a net loss of approximately HK$9.0 million in the Financial Year 2022, an improvement from a net loss of HK$41.0 million in the Financial Year 2021[12]. - The significant decrease in loss was mainly due to a substantial reduction in cost of sales in the Financial Year 2022[12]. - The Group's revenue for the Financial Year 2022 was approximately HK$75.7 million, representing a decrease of approximately 25.6% from approximately HK$101.7 million in the Financial Year 2021[28]. - The Group recorded a gross profit of approximately HK$16.7 million in the Financial Year 2022, with a gross profit margin of 22.1%, compared to a gross loss of HK$13.9 million and a gross loss margin of 13.7% in the Financial Year 2021[29]. - Administrative and other operating expenses decreased by approximately HK$4.8 million, representing a decrease of approximately 16.1%, to approximately HK$25.1 million in the Financial Year 2022[30]. - The net loss decreased by approximately HK$32.0 million to approximately HK$9.0 million in the Financial Year 2022, representing a decrease of approximately 78.0% compared to approximately HK$41.0 million in the Financial Year 2021[32]. Financial Position - As of 31 December 2022, the Group's current ratio was approximately 0.9, down from approximately 1.0 as of 31 December 2021[37]. - The Group had total assets of approximately HK$60.8 million, financed by total liabilities of approximately HK$52.5 million and shareholders' equity of approximately HK$8.3 million[37]. - The gearing ratio as of 31 December 2022 was approximately 286.7%, significantly up from 115.2% as of 31 December 2021[38]. - Capital expenditure during the Financial Year 2022 was approximately HK$0.1 million, a significant decrease from HK$10.5 million in the Financial Year 2021[39]. - The Group recognized approximately HK$1.8 million in impairment losses on financial assets and contract assets for the Financial Year 2022, compared to a reversal of impairment losses of approximately HK$5.4 million in the Financial Year 2021[31]. - There were no capital commitments or significant contingent liabilities reported as of December 31, 2022[72][73]. - Pledged deposits of approximately HK$14.6 million have been made to banks to secure banking facilities[74]. - The Group's right-of-use assets with a carrying amount of approximately HK$2.9 million were used to secure lease liabilities of approximately HK$2.6 million[75]. Operational Challenges and Outlook - The outlook for 2023 anticipates ongoing challenges, but the Group remains optimistic and will strengthen cost control measures and resource management[13]. - The availability of construction and civil engineering projects in Hong Kong and Macau significantly impacts the Group's operational results, influenced by economic conditions and government policies[54]. - The Group's financial performance may be adversely affected by cost overruns and delays in project schedules, which can lead to increased subcontracting fees and reduced revenue[56]. - The construction industry in Hong Kong and Macau is facing a labor shortage, which has been driving up daily wages for workers in the concrete demolition sector[59]. Human Resources - The Group had 85 full-time employees as of December 31, 2022, down from 100 in the previous year, with staff costs amounting to approximately HK$36.6 million compared to HK$73.3 million in 2021[70]. - The Group's management team includes members with extensive educational backgrounds in accounting and engineering, enhancing the company's strategic capabilities[135]. - The Group emphasizes safety and quality training, with key personnel holding relevant certifications in construction safety and management[146][155]. - The Group's commitment to professional development is reflected in its management team's continuous education and certifications[143][149]. - The Group aims to leverage its experienced workforce to drive growth and enhance customer relationships in the construction sector[150]. Governance and Compliance - The Company has complied with the Corporate Governance Code during the Financial Year 2022, with a noted deviation regarding the roles of chairman and chief executive being held by the same individual[87][92]. - The Audit Committee reviewed the Group's consolidated financial statements for the Financial Year 2022, confirming compliance with applicable accounting standards and adequate disclosures[86]. - The Company has established three functional committees: the Audit Committee, the Nomination Committee, and the Remuneration Committee, to assist the Board in discharging its duties[193]. - The Audit Committee's primary duties include reviewing financial statements and overseeing internal control systems[194]. - The Company confirmed that all Directors fully complied with the required standard of dealings set out in the Code of Conduct during the Financial Year 2022[190]. - The Company has adopted the Model Code for securities transactions by Directors as its Code of Conduct[190]. Management Team - Mr. Cheung has over 30 years of experience in the concrete demolition industry[108]. - Mr. Kwok is responsible for overall corporate strategy and business development[105]. - Mr. Chow has more than 14 years of experience in accounting and auditing[115]. - Mr. Chow has held various financial management positions in listed companies[115]. - Mr. Chan has a diverse educational background including a Master of Philosophy in Town Planning[117]. - Mr. Chow is currently an independent non-executive director of China Hongbao Holdings Limited[115]. - Mr. Kwok has solid experience in securities and investment, particularly in Hong Kong's primary market[105]. - Mr. Cheung has been with the Group since its establishment in 1985[108]. - Mr. Kwok holds multiple advanced degrees including a Master of Laws in International Economic Law[106]. - Mr. Chow has served as an independent non-executive director for multiple listed companies[115]. - Mr. Chan has served as an independent non-executive director of S&T Holdings since August 2019, providing independent judgment on strategy and performance[123]. - Mr. Tam has over 30 years of professional accounting experience and has been an independent non-executive director since May 2020, responsible for independent judgment on strategy and resources[126]. - Mr. Mak, the chief technical officer, has over 30 years of experience in the construction industry and oversees the concrete demolition business operations[133]. - The company has a strong focus on quality control and work safety supervision in its concrete demolition operations[133]. - Mr. Mak has been with the company since July 1996, indicating a long-term commitment to the organization[133]. - The Group has a strong management team with diverse backgrounds in finance, construction, and administration, enhancing operational efficiency[141]. - The Group's strategic planning includes expanding its market presence and improving operational capabilities through experienced personnel[142][145]. Shareholder Relations - The Board did not recommend the payment of a final dividend to shareholders for the Financial Year 2022[97][101]. - The Company has not segregated the roles of chairman and chief executive officer, believing it to be in the best interest of the Group for effective management[161]. - The Board consists of five Directors, including two executive Directors and three independent non-executive Directors, ensuring a strong independent element to provide independent judgement[170][171]. - The Board held four meetings and one annual general meeting during the Financial Year 2022, demonstrating active governance and oversight[183].

香港交易及結算所有限公司及香港聯合交易所有限公司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。 Kingland Group Holdings Limited 景聯集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1751） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 之 全 年 業 績 公 告 全年業績 景聯集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及 其附屬公司（「本集團」）截至二零二二年十二月三十一日止年度（「二零二二年財 政年度」）的經審核綜合業績，連同截至二零二一年十二月三十一日止年度（「二 零二一年財政年度」）的經審核比較數字如下： 綜合損益及其他全面收益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 千港元 千港元 收益 3 75,662 101,673 銷售成本 (58,973) (115,538) ...

Financial Performance - Revenue for the six months ended June 30, 2022, was approximately HK$31.0 million, a decrease of approximately 58.4% compared to HK$74.5 million in the same period last year[7] - Net loss for the period was approximately HK$5.2 million, representing a decrease of approximately 73.6% from a net loss of HK$19.7 million in the corresponding period of 2021[7] - Basic and diluted loss per share was approximately HK$0.64 cents, compared to approximately HK$2.91 cents loss per share in 2021[7] - Gross profit for the period was approximately HK$8.1 million, compared to a gross loss of approximately HK$4.9 million in the same period last year[12] - Operating loss for the six months was approximately HK$4.7 million, a significant improvement from an operating loss of HK$19.3 million in 2021[12] - Total comprehensive expense for the period was approximately HK$5.2 million, down from HK$19.7 million in the previous year[12] - The Group reported other income and net gains of approximately HK$0.27 million, compared to HK$0.14 million in the previous year[12] - The company reported a loss of HK$5,169,000 for the six months ended June 30, 2022, compared to a loss of HK$19,692,000 for the same period in 2021, indicating a significant reduction in losses[17] - Net loss decreased by approximately HK$14.5 million to approximately HK$5.2 million in the Reporting Period, representing a decrease of approximately 73.6% compared to approximately HK$19.7 million in the six months ended 30 June 2021[76] Dividends and Shareholder Returns - The Directors do not recommend the payment of an interim dividend for the six months ended June 30, 2022, consistent with the previous year[7] - No dividend was recommended for the six months ended June 30, 2022, consistent with the previous year[49] - The Company did not recommend payment of interim dividends to shareholders for the Reporting Period[126] Assets and Liabilities - Total assets decreased from HK$74,455,000 as of December 31, 2021, to HK$62,592,000 as of June 30, 2022, representing a decline of approximately 16.1%[13] - Total equity fell from HK$17,295,000 to HK$12,126,000, a decrease of about 29.8%[13] - Current liabilities increased from HK$52,021,000 to HK$47,031,000, showing a reduction of approximately 9.6%[15] - Total liabilities decreased from HK$57,160,000 to HK$50,466,000, a decline of approximately 11.7%[16] - Non-current liabilities decreased from HK$5,139,000 to HK$3,435,000, a reduction of about 33.1%[15] - Trade and other payables decreased from HK$32,181,000 to HK$21,755,000, a decline of approximately 32.4%[15] - Trade receivables as of June 30, 2022, amounted to HK$15,611,000, down from HK$19,135,000 as of December 31, 2021, reflecting a decrease of 18.5%[54] - Total trade and other payables as of June 30, 2022, were HK$21,755,000, a decrease from HK$32,181,000 as of December 31, 2021, representing a 32.4% reduction[63] Cash Flow and Financial Position - Net cash used in operating activities was HK$1,544,000 for the six months ended June 30, 2022, compared to HK$8,030,000 for the same period in 2021, indicating an improvement in cash flow[20] - Cash and cash equivalents at the end of the period were HK$(7,338,000), down from HK$10,676,000 in 2021, reflecting a decrease of approximately 168.7%[21] - Cash flows from investing activities generated a net cash inflow of HK$122,000, compared to a net cash outflow of HK$4,430,000 in 2021, showing a positive shift[20] - The Group had cash and bank balance of approximately HK$2.4 million as at 30 June 2022, an increase from approximately HK$0.5 million as at 31 December 2021[80] Operational Efficiency - Administrative and other operating expenses were reduced to approximately HK$12.8 million from HK$14.8 million in 2021[12] - Total staff costs, including directors' remuneration, were HK$17,545,000, a significant decrease of 62.3% from HK$46,586,000 in the previous year[40] - Depreciation of owned assets was HK$3,630,000, down from HK$4,281,000, while depreciation of right-of-use assets increased to HK$3,793,000 from HK$2,532,000[40] - The Group's current ratio was approximately 1.0, with total assets of approximately HK$62.6 million, financed by total liabilities of approximately HK$50.5 million and shareholders' equity of approximately HK$12.1 million[80] Business Operations - The Group operates primarily in Hong Kong and Macau, focusing on concrete demolition services as a subcontractor[1] - The Group has been operating in the concrete demolition industry since 1985 in Hong Kong and since 2006 in Macau, focusing on subcontracting services[65] - The Group's services are required in various construction scenarios, including public and private sector projects, indicating a diverse client base[65] Compliance and Governance - The unaudited condensed consolidated financial statements for the six months ended June 30, 2022, have been prepared in accordance with Hong Kong Accounting Standard 34[25] - The financial statements should be read in conjunction with the Group's audited consolidated annual financial statements for the year ended December 31, 2021[25] - The Audit Committee reviewed the Group's unaudited condensed consolidated financial statements for the Reporting Period, confirming compliance with applicable accounting standards and adequate disclosures[128] Shareholding and Interests - Directors Mr. Cheung Shek On and Mr. Chan Yuk Sing each held 130,900,000 shares, representing 16.23% of the shareholding[96] - Director Mr. Kwok Shun Tim held 126,000,000 shares, representing 15.62% of the shareholding[96] - Sino Continent Holdings Limited holds 130,900,000 ordinary shares, representing 16.23% of the total issued share capital of the Company[105] - Supreme Voyage Limited also holds 130,900,000 ordinary shares, equivalent to 16.23% of the total issued share capital[109] - Applewood Developments Limited owns 126,000,000 ordinary shares, accounting for 15.62% of the total issued share capital[109] - As of June 30, 2022, there are no short positions held by Directors or chief executives in the Company's shares[101] - The Company did not purchase, sell, or redeem any of its listed securities during the reporting period[118] - There are no competing interests reported by the Directors or controlling shareholders during the reporting period[117] - The Company is not aware of any other persons/entities with interests or short positions in shares as of June 30, 2022[116] Employee and Remuneration Policies - The Group's remuneration policies include performance-based bonuses and other benefits, reflecting a commitment to employee development and internal promotion[88] - As of June 30, 2022, the Group had 99 full-time employees, a slight decrease from 100 employees as of December 31, 2021[87] - Staff costs for the reporting period were approximately HK$17.5 million, significantly lower than HK$46.6 million for the same period in 2021, indicating a reduction of about 62.5%[87]

Financial Performance - For the Financial Year 2021, the Group's revenue decreased by approximately HK$7.2 million to approximately HK$101.7 million, compared to approximately HK$108.9 million for the Financial Year 2020[10] - The Group recorded a net loss of approximately HK$41.0 million in the Financial Year 2021, an improvement from the net loss of HK$66.1 million in the Financial Year 2020[10] - The decrease in revenue was mainly due to the combined effect of a decrease in gross loss margin and administrative and other operating expenses[10] - The Group's revenue for the Financial Year 2021 was approximately HK$101.7 million, representing a decrease of approximately 6.6% from HK$108.9 million in the Financial Year 2020[21] - The gross loss decreased from approximately HK$31.4 million in the Financial Year 2020 to approximately HK$13.9 million in the Financial Year 2021, with a gross loss margin decreasing from approximately 28.8% to approximately 13.7%[22] - Administrative and other operating expenses decreased by approximately HK$4.2 million, representing a decrease of approximately 12.3%, to approximately HK$29.9 million in the Financial Year 2021[23] - Net loss decreased by approximately HK$25.1 million to approximately HK$41.0 million in the Financial Year 2021, a decrease of approximately 38.0% compared to HK$66.1 million in the Financial Year 2020[26] Assets and Liabilities - As of 31 December 2021, the Group's current ratio was approximately 1.0, down from approximately 1.3 as of 31 December 2020[34] - The Group had total assets of approximately HK$74.5 million, financed by total liabilities of approximately HK$57.2 million and shareholders' equity of approximately HK$17.3 million[34] - Cash and bank balances as of 31 December 2021 were approximately HK$0.5 million, a significant decrease from approximately HK$10.9 million as of 31 December 2020[34] - The gearing ratio as of 31 December 2021 was approximately 115.2%, up from 61.2% as of 31 December 2020[35] - The Group recorded a debt ratio of approximately 115.2% as of December 31, 2021, compared to 61.2% on December 31, 2020[42] Capital Expenditure - Capital expenditure during the Financial Year 2021 was approximately HK$10.5 million, compared to HK$8.5 million in the Financial Year 2020[36] - Capital expenditure for the fiscal year 2021 was approximately HK$10.5 million, an increase from HK$8.5 million in the fiscal year 2020[43] Workforce and Employee Costs - As of December 31, 2021, the Group had 100 full-time employees, a decrease from 224 full-time employees as of December 31, 2020[61] - Employee costs for the Financial Year 2021 were approximately HK$73.3 million, down from HK$79.4 million in the Financial Year 2020, representing a decrease of about 6.9%[61] Market Conditions and Business Operations - The economic outlook remains uncertain, with the Group cautious about risks related to the COVID-19 pandemic[17] - The Group's operations are primarily affected by the availability of construction and civil engineering projects in Hong Kong and Macau, influenced by economic conditions and government policies[47] - Labour shortages in the construction industry have led to increased daily wages for workers in the concrete demolition sector in Hong Kong and Macau[50] - The Group's financial performance may be adversely affected if it fails to recruit or retain sufficient workers due to local labour supply shortages[51] - The Group's business is subject to risks of cost overruns and project delays, which can negatively impact profit margins and operating results[47] Corporate Governance - The Company has adhered to the principles of the corporate governance code during the Financial Year 2021, with one exception regarding the roles of Chairman and CEO being held by the same individual[91] - The Company complied with the applicable code provisions of the Corporate Governance Code throughout the Financial Year 2021, except for the separation of roles of chairman and chief executive officer[151] - The Board consists of six Directors, including three executive Directors and three Independent Non-Executive Directors (INEDs)[157] - The Board is responsible for formulating the Group's overall strategies, setting management targets, and supervising management performance[152] - The Company has a commitment to sound corporate governance for long-term success[150] - The Board regularly receives management update reports to assess the Group's performance and prospects[159] Audit and Compliance - The Audit Committee reviewed the Group's consolidated financial statements for the Financial Year 2021 and confirmed compliance with applicable accounting standards and adequate disclosures[82] - The Audit Committee consists of three independent non-executive directors, with Mr. Chow Ching To serving as the chairman, possessing relevant accounting and financial management expertise[191] - The Audit Committee is responsible for overseeing the internal control system and corporate governance practices[191] - The Audit Committee held two meetings during the Financial Year 2021[190] Management and Directors - Mr. Cheung Shek On has over 30 years of experience in the concrete demolition industry and has been with the Group since its establishment in 1985[108] - Mr. Chan Yuk Sing, co-founder of the Group, also has over 30 years of experience in the concrete demolition industry[109] - Mr. Chen Yeung Tak has over 14 years of experience in auditing, accounting, and financial management, and serves as the company secretary[110] - Mr. Mak has over 30 years of experience in the construction industry, having joined the Group in July 1996 and promoted to chief technical officer in December 2012[128] - Mr. Mak is responsible for the overall operation of the concrete demolition business, including tendering, work processing, quality control, and work safety supervision[128] Future Outlook - The Group aims to improve performance and enhance competitiveness in the market amidst ongoing challenges[17] - The daily number of confirmed COVID-19 cases shows a downward trend, and the Group believes the situation will improve with increased vaccination rates[17]

Kingland Group Holdings Limited 景聯集團控股有限公司 Kingland Group Holdings Limited 景聯集團控股有限公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號：1751 2021 Interim Report 中期報告 Contents 目錄 Contents 目錄 Corporate Information 公司資料 2 Financial Highlight 財務摘要 4 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 簡明綜合損益及 其他全面收益表 5 Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表 6 Condensed Consolidated Statement of Changes in Equity 簡 ...