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 截至月份: 2025年7月31日 狀態: 新提交 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 致：香港交易及結算所有限公司 公司名稱: 精英匯集團控股有限公司 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) | 01775 | 說明 | 精英匯集團 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000, ...

Financial Performance - Revenue for the six months ended January 31, 2025, increased to HKD 94,232,000, up 18.2% from HKD 79,704,000 for the same period in 2024[4] - The adjusted loss for the period was HKD (2,711,000), an improvement from HKD (4,951,000) in the previous year[4] - The overall loss attributable to owners of the company was HKD (7,972,000), compared to HKD (5,114,000) in the previous year[4] - Revenue for 2025 reached HKD 94,232,000, an increase of 18.3% compared to HKD 79,704,000 in 2024[46] - The net loss for the period was HKD 8,275,000 in 2025, up from HKD 3,776,000 in 2024, reflecting a worsening financial position[46] - Operating loss for 2025 was HKD 7,161,000, compared to a loss of HKD 1,991,000 in 2024, indicating a significant decline in performance[46] - The company reported a pre-tax loss of HKD 7,972,000 for the six months ended January 31, 2025, compared to a loss of HKD 5,114,000 for the same period in 2024, representing a 55% increase in losses year-over-year[68] - The company reported a pre-tax loss of HKD 8,229,000 for the six months ended January 31, 2025, compared to a loss of HKD 3,273,000 for the same period in 2024[91] Revenue Breakdown - Revenue from private secondary school supplementary education services rose to HKD 51,786,000, accounting for 55.0% of total revenue, down from 62.6% in the previous year[14] - Revenue from school services surged by 86.5% to HKD 20,390,000, compared to HKD 10,934,000 in the prior period[13] - Revenue from private secondary day school services revenue increased by HKD 2,000,000 or 29.4% due to higher student enrollment and tuition fees[17] - Revenue from private secondary school tutoring services increased by HKD 1,900,000 or 3.8%, from HKD 49,900,000 to HKD 51,800,000, attributed to growth in enrollment for international courses outside of HKDSE[22] - Revenue from private secondary day schools rose by HKD 2,000,000 or 29.4%, from HKD 6,700,000 to HKD 8,700,000, due to increased tuition fees and student enrollment[22] - Revenue from supporting educational services and products grew by HKD 1,200,000 or 9.9%, from HKD 12,100,000 to HKD 13,300,000, driven by a significant increase in mock exam service revenue[23] - Mock exam service revenue skyrocketed by HKD 2,200,000 or 222.7%, from HKD 1,000,000 to HKD 3,300,000, due to earlier scheduling of the exams compared to the previous year[19] - Other income increased by HKD 1,900,000 or 26.1%, from HKD 7,300,000 to HKD 9,200,000, mainly due to growth in advertising revenue[24] Business Expansion and Strategy - The company is focusing on expanding its education services into mainland China, enhancing its market presence[13] - The company aims to diversify its business strategy, reducing reliance on private secondary school supplementary education services[13] - The company is expanding its market presence in mainland China while strengthening its positioning in Hong Kong, capitalizing on the growing demand for HKDSE-related educational services[20] - The establishment of a new education consulting center in Shenzhen lays the foundation for further development in the Greater Bay Area[20] - The company remains optimistic about future growth, leveraging educational technology and enhancing brand awareness to seize new opportunities in the evolving educational landscape[21] Cost and Expenses - Employee costs increased by HKD 7,700,000 or 22.2% from HKD 34,700,000 in the six months ended January 31, 2024, to HKD 42,400,000 in the six months ended January 31, 2025, primarily due to business expansion in mainland China[27] - Printing and other operating expenses rose by HKD 5,600,000 or 27.7% from HKD 20,400,000 to HKD 26,000,000, driven by increased service fees to support business growth in school services[30] - Advertising and promotional expenses surged by HKD 3,100,000 or 99.5% from HKD 3,100,000 to HKD 6,200,000, reflecting increased marketing efforts in mainland China[32] Cash Flow and Financial Position - The cash flow from operating activities showed a net outflow of HKD 3,533,000, compared to a net inflow of HKD 5,885,000 in the previous year[52] - The company reported a net cash decrease of HKD 11,034,000, compared to an increase of HKD 12,919,000 in the prior year[52] - The financing activities resulted in a net cash outflow of HKD 9,506,000, contrasting with a net inflow of HKD 6,776,000 in 2024[52] - The group's cash and cash equivalents decreased from HKD 76,600,000 as of July 31, 2024, to HKD 65,700,000 as of January 31, 2025[35] - Cash and cash equivalents decreased to HKD 65,681,000 as of January 31, 2025, down from HKD 76,560,000 as of July 31, 2024, a decline of 14.2%[86] Shareholder Information and Corporate Governance - The board did not recommend an interim dividend for the six months ended January 31, 2025, consistent with the previous year[42] - The company is primarily held by Zunli Enterprises Limited, which owns 73.9% of the shares[102] - Key shareholders, including Ms. Liang Heqi and Mr. Tan Huilong, have agreed to jointly control their respective interests in the company[102] - The company has adopted a post-IPO share option plan effective from July 13, 2018, to incentivize employees and retain talent[105] - The company aims to enhance shareholder value and accountability through high standards of corporate governance[111] - The audit committee, consisting of three independent non-executive directors, has reviewed the interim report and the unaudited financial statements for the six months ending January 31, 2025[114] Assets and Liabilities - Total assets increased to HKD 194,713,000 in 2025 from HKD 188,718,000 in 2024, showing a growth of 3.9%[47] - Total liabilities decreased slightly to HKD 142,901,000 in 2025 from HKD 140,590,000 in 2024[49] - The equity attributable to owners of the company increased to HKD 52,458,000 in 2025 from HKD 44,487,000 in 2024, a rise of 18.4%[47] - The debt-to-equity ratio as of January 31, 2025, was 210.8%, up from 189.0% as of July 31, 2024, indicating increased leverage[40] Related Party Transactions - The company reported related party transactions with Dragon Holdings amounting to HKD 1,200,000 for lease liabilities[93] - Revenue from private secondary school support services with Upstream Education reached HKD 317,000, while marketing and promotional services generated HKD 900,000[93] - Service fees from Lingyou Education amounted to HKD 3,004,000, an increase from HKD 1,431,000 in the previous year[93]

Financial Performance - The group's revenue increased by 18.2% from HKD 79,700,000 to HKD 94,200,000[5] - The group's loss rose from HKD 3,800,000 to HKD 8,300,000, an increase of HKD 4,500,000[5] - Adjusted loss decreased by 45.2% from HKD 5,000,000 to HKD 2,700,000[5] - The group reported an operating loss of HKD 7,161,000, compared to HKD 1,991,000 in the previous year[6] - The company reported a loss attributable to owners of HKD 7,972,000 for the six months ended January 31, 2025, compared to a loss of HKD 5,114,000 in 2024, indicating a deterioration in performance[26] - Basic loss per share increased to HKD 1.57 in 2025 from HKD 1.01 in 2024, reflecting a higher loss per share[26] - The group recorded a loss of HKD 8,300,000 for the six months ended January 31, 2025, compared to a loss of HKD 3,800,000 for the same period last year, mainly due to initial investments in strategic business development in mainland China[62] Revenue Breakdown - Revenue from private secondary school auxiliary education services increased to HKD 51,786,000 in 2025 from HKD 49,897,000 in 2024, representing a growth of 3.6%[16] - Total customer contract revenue for the six months ended January 31, 2025, was HKD 94,232,000, up from HKD 79,704,000 in 2024, reflecting an increase of 18.3%[17] - The company’s total revenue from school services surged to HKD 20,390,000 in 2025 from HKD 10,934,000 in 2024, representing an increase of 86.5%[16] - Revenue from school services surged from HKD 10,900,000 to HKD 20,400,000, an increase of HKD 9,500,000 or 86.5%[38] - Revenue from private secondary school tutoring services rose by HKD 1,900,000 or 3.8% to HKD 51,800,000[40] - Revenue from private secondary day school services increased by HKD 2,000,000 or 29.4% due to a rise in student enrollment and tuition fees[41] - Revenue from supporting educational services and products rose by HKD 1,200,000 or 9.9%, from HKD 12,100,000 to HKD 13,300,000[52] - Revenue from mock exam services skyrocketed by HKD 2,200,000 or 222.7%, from HKD 1,000,000 to HKD 3,300,000[52] Assets and Liabilities - Cash and cash equivalents as of January 31, 2025, were HKD 65,700,000, down from HKD 76,600,000 as of July 31, 2024[3] - Total assets decreased from HKD 194,713,000 to HKD 188,718,000[8] - Total liabilities increased from HKD 140,590,000 to HKD 142,901,000[8] - Total liabilities for the company included interest expenses of HKD 1,847,000 for the six months ended January 31, 2025, compared to HKD 1,665,000 in 2024, an increase of 10.9%[22] - As of January 31, 2025, the group's current liabilities net value was HKD 21,400,000, with current assets slightly decreasing from HKD 121,600,000 to HKD 117,800,000[63] - The group's cash and cash equivalents decreased from HKD 76,600,000 to HKD 65,700,000, representing a decline in liquidity[63] - The debt-to-equity ratio as of January 31, 2025, was 210.8%, up from 189.0% as of July 31, 2024, indicating increased leverage[67] Operational Highlights - The group operates 13 teaching centers with a maximum classroom capacity of 2,266 students[38] - The expected credit loss provision for receivables is not significant due to no major default records[30] - The company established an education consulting center in Shenzhen to support expansion in the Greater Bay Area[48] - The company aims to enhance its market position in Hong Kong while accelerating expansion in mainland China[49] - The company plans to deepen partnerships and explore new operational models to accelerate market expansion as HKDSE gains popularity among mainland students[49] Expenses and Costs - Employee costs accounted for 45.0% of total revenue in 2025, up from 43.5% in 2024[55] - Employee costs increased by HKD 7,700,000 or 22.2% from HKD 34,700,000 for the six months ended January 31, 2024, to HKD 42,400,000 for the six months ended January 31, 2025, primarily due to business expansion in mainland China[56] - Printing and other operating expenses rose by HKD 5,600,000 or 27.7% from HKD 20,400,000 to HKD 26,000,000, driven by increased service fees to support business growth in school services[58] - Advertising and promotional expenses surged by HKD 3,100,000 or 99.5% from HKD 3,100,000 to HKD 6,200,000, reflecting increased marketing efforts in mainland China[60] Dividends and Governance - The company does not recommend the payment of an interim dividend for the six months ended January 31, 2025[3] - The company did not declare or pay any dividends for the six months ended January 31, 2025, consistent with the previous year[27][28] - No interim dividend was proposed for the six months ended January 31, 2025, consistent with the previous year[69] - The audit committee has been established in accordance with Listing Rule 3.21 and is responsible for reviewing and supervising the group's financial reporting, financial controls, risk management, and internal control systems[75] - The board of directors includes both executive and independent non-executive directors, ensuring a diverse governance structure[79] Other Information - Other income rose to HKD 9,192,000 in 2025 from HKD 7,291,000 in 2024, marking an increase of 26.1%[19] - Other income increased by HKD 1,900,000 or 26.1%, from HKD 7,300,000 to HKD 9,200,000, primarily due to growth in advertising revenue[52] - As of January 31, 2025, there have been no significant events affecting the group[76] - The preliminary announcement and interim report will be published on the Hong Kong Stock Exchange website and the company's website, containing all information required by the listing rules[77]

Business Expansion and Market Opportunities - The mainland business has matured, entering a harvest period after significant initial investments in professional team building, material transformation, and service product development[11]. - The company has expanded its product line to serve not only students and parents but also educational institutions and their staff in mainland China[11]. - As of July 31, 2024, the company successfully completed multiple acquisitions and joint ventures to align with the Hong Kong government's talent cultivation initiatives[13]. - The number of students with Hong Kong residency in mainland China has exceeded 200,000, indicating a growing market opportunity for international education services[16]. - The number of candidates for the Hong Kong-Macau-Taiwan joint examination increased from 5,048 in 2022 to 10,320 in 2024, highlighting the rising awareness of HKDSE among mainland families[16]. - The company plans to actively develop and utilize AI technology to create personalized learning experiences for DSE students in the coming year[13]. - The company has launched high-end services related to further education and career planning, which have already shown positive results[13]. - The company aims to promote HKDSE education to "Belt and Road" countries, exploring the potential for an International Diploma Examination (I-DSE)[17]. - The company plans to expand its educational services into five cities in mainland China, focusing on HKDSE-related services and international courses[45][46]. Financial Performance - The company's revenue increased from HKD 131,200,000 for the year ended July 31, 2023, to HKD 157,100,000 for the year ended July 31, 2024, representing a growth of HKD 25,900,000 or 19.8%[29]. - Revenue from private secondary school tutoring services rose by HKD 8,500,000 or 9.7%, from HKD 87,000,000 to HKD 95,500,000 for the same periods[29]. - The proportion of revenue from private secondary school tutoring services decreased from 66.3% to 60.8%, aligning with the company's diversification strategy[29]. - Revenue from school services surged by HKD 11,800,000 or 72.3%, from HKD 16,300,000 to HKD 28,200,000[29]. - Revenue from supplementary education services and products totaled HKD 20,874,000, up HKD 4,644,000 or 28.6% from HKD 16,230,000[40]. - Revenue from children's and other educational services grew by HKD 3,200,000 or 44.7% to HKD 10,200,000, primarily from new BTEC Level 5 courses[42]. - Total revenue increased by HKD 25,900,000 or 19.8% to HKD 157,100,000 for the year ended July 31, 2024, compared to HKD 131,200,000 for the year ended July 31, 2023[47]. - Revenue from educational services and products increased by HKD 4,600,000 or 28.6% from HKD 16,200,000 for the year ended July 31, 2023, to HKD 20,900,000 for the year ending July 31, 2024[49]. Operational Challenges and Changes - The total number of students enrolled in classes decreased by 11,000 or 8.3%, from 132,000 to 121,000[33]. - The average tuition fee per class increased by HKD 129 or 19.6%, from HKD 659 to HKD 788, attributed to the return to normal pricing and reduced tuition subsidies[33]. - The company operates 11 teaching centers with a maximum classroom capacity of 2,210 students at any given time[28]. - The company anticipates continued growth in private day school services due to government talent programs attracting new residents[43]. - Total operating expenses increased, leading to a net loss of HKD 23,300,000 for the year ending July 31, 2024, compared to a loss of HKD 26,900,000 for the year ended July 31, 2023[63]. Governance and Management - The group has a total of 14 subsidiaries under the leadership of the CEO, who has been with the group for 26 years[76]. - The group’s chairman has been instrumental in developing the overall business model and product portfolio over her 35 years with the group[74]. - The group’s vice CEO has focused on the management and marketing of tutoring services since joining in 1989[78]. - The independent non-executive director has over 20 years of management experience in both business and public sectors[81]. - The group has a strong focus on private supplementary education services, which has been a core part of its operations[76]. - The group’s management team has extensive experience in the education sector, with key members having over 30 years in the industry[77]. - The company has a strong management team with extensive experience in accounting, corporate finance, and investment, contributing to strategic planning and operational oversight[89][90]. - The company is committed to maintaining gender diversity on the board[192]. - The board consists of four executive directors and three independent non-executive directors, ensuring a diverse composition[192]. Compliance and Risk Management - The group faces risks related to brand reputation and the potential negative impact of any adverse publicity regarding its teaching team[97]. - The group must comply with educational regulations, and failure to maintain necessary registrations could significantly impact operations and financial performance[97]. - The company has implemented internal controls and monitoring systems to enhance operational efficiency and compliance[90]. - The company has not experienced any significant violations of relevant laws and regulations that would materially impact its business operations as of July 31, 2024[184]. Shareholder Information and Stock Options - The company is primarily held by Zunli Enterprises Limited, which owns 73.9% of the shares, with key shareholders having specific ownership percentages[127]. - Key shareholders include Ms. Liang Heqi (60%), Mr. Tan Huilong (26%), and others, who have agreed to jointly control their interests in the company[127]. - The company has granted options under a share option scheme approved on June 21, 2018, with unexercised options representing interests in related shares[128]. - The maximum number of shares available for subscription under the post-IPO share option plan is capped at 30% of the total issued shares at any time[146]. - The company must obtain approval from independent non-executive directors before granting stock options to directors, senior executives, or major shareholders[150]. Community Engagement and Social Responsibility - The company is actively involved in community initiatives, including educational charities and drug prevention programs, reflecting its commitment to social responsibility[90]. - The company is committed to promoting children's rights and equal opportunities for girls through its initiatives[75]. - The company made charitable donations of HKD 101,000 for the year ending July 31, 2024, compared to HKD 66,500 in 2023[182].

Revenue Growth - Revenue for the six months ended January 31, 2024, increased by 16.7% to HKD 79,704,000 from HKD 68,287,000 in the same period of 2023[2] - Total revenue increased by HKD 11,400,000 or 16.7% from HKD 68,300,000 for the six months ended January 31, 2023, to HKD 79,700,000 for the six months ended January 31, 2024[25] - Revenue from private secondary school auxiliary education services rose by HKD 3,100,000 or 6.6% to HKD 49,900,000, driven by an increase in student enrollment from 72,000 to 74,000[25] - Revenue from supporting educational services and products surged by HKD 7,900,000 or 52.5% to HKD 23,100,000, primarily due to significant growth in school services and children's education services[26] - Revenue from children's and other educational services grew by HKD 4,400,000 or 208.9% to HKD 6,500,000, attributed to various educational programs and online learning platforms[21] - Revenue from school services surged by 88.4%, increasing from HKD 5,800,000 to HKD 10,900,000, attributed to the recovery of normal school operations[11] - Revenue from private secondary school tutoring services increased to HKD 49,897,000, up 6.5% from HKD 46,801,000 in 2023[70] Enrollment and Capacity - The total number of course enrollments increased to 74,000 from 72,000, representing a growth of 2.8%[4] - The maximum classroom capacity increased to 2,273 from 2,208, reflecting growth in operational capacity[4] Financial Performance - The company reported a loss of HKD 3,776,000 for the six months ended January 31, 2024, a significant improvement from a loss of HKD 12,995,000 in the same period of 2023[2] - Basic and diluted loss per share improved to HKD 1.01 from HKD 2.63 year-over-year[2] - The group recorded a loss of HKD 3,800,000 for the six months ended January 31, 2024, compared to a loss of HKD 13,000,000 for the same period in 2023[39] - Operating loss improved to HKD 1,991,000, a reduction of 82.8% from HKD 11,598,000 in 2023[51] - Loss before tax decreased to HKD 3,273,000, down 74.4% from HKD 12,795,000 in the prior year[51] - The company reported a total comprehensive loss of HKD 3,779,000, significantly lower than HKD 13,061,000 in the same period last year[51] Expenses and Costs - Employee costs rose by HKD 1,700,000 or 5.0% to HKD 35,100,000, influenced by the acquisition of a new business and expansion in mainland China[32] - Operating expenses rose by HKD 2,800,000 or 13.7% from HKD 20,500,000 to HKD 23,300,000, primarily due to freelancer service costs increasing by HKD 2,800,000 or 88.0%[35] - Depreciation and lease-related expenses increased by HKD 1,100,000 or 9.0%, attributed to new acquisitions and rising rental costs[36] - Advertising and promotional expenses decreased by HKD 2,100,000 or 40.5% from HKD 5,200,000 to HKD 3,100,000, focusing on online channels and social media[37] Cash Flow and Assets - Current assets increased from HKD 111,400,000 on July 31, 2023, to HKD 131,800,000 on January 31, 2024, with cash and cash equivalents rising from HKD 75,300,000 to HKD 88,100,000[40] - Operating cash flow for the six months ended January 31, 2024, was HKD 5,885,000 compared to HKD 12,490,000 in 2023, representing a decrease of approximately 52.9%[59] - Cash and cash equivalents at the end of the period increased to HKD 88,130,000 from HKD 100,514,000, reflecting a decrease of 12.3%[59] - Total assets decreased to HKD 189,700,000 from HKD 211,794,000, reflecting a decline of 10.4%[52] - Total liabilities increased to HKD 137,231,000, up 23.4% from HKD 111,203,000[54] Share Options and Dividends - No interim dividend was proposed for the six months ended January 31, 2024[46] - The average exercise price of share options remained stable at HKD 54.2, with 18,340,000 options outstanding as of January 31, 2024, unchanged from the previous year[82] - The company recognized no share-based compensation expenses related to share options for the six months ended January 31, 2024, similar to the previous year[85] - The company did not declare or pay any dividends for the six months ended January 31, 2024, consistent with the previous year[77][78] Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the interim report and the unaudited financial statements for the six months ended January 31, 2024[144] - The company has adhered to the corporate governance code since its listing date, ensuring high standards of governance[142] - The company maintained compliance with the public float requirements as stipulated by the listing rules throughout the reporting period[145] Future Outlook and Strategy - The company plans to continue expanding its school consultation services in the Greater Bay Area, responding to the rising demand for HKDSE-related education services in mainland China[23] - The company expects its core business in Hong Kong's private secondary school auxiliary education services to remain a key growth driver in the upcoming fiscal year[23] - The company is actively seeking opportunities for collaboration, investment, and acquisition in educational projects to diversify its business portfolio[24]

Financial Performance - The group's revenue increased by 16.7% from HKD 68,300,000 to HKD 79,700,000 for the six months ended January 31, 2024[3]. - The group's loss decreased by 70.9% from HKD 13,000,000 to HKD 3,800,000[3]. - The loss attributable to owners of the company for the six months ended January 31, 2024, was HKD 5,100,000, compared to HKD 13,200,000 for the same period in 2023[3]. - Operating loss improved from HKD 11,598,000 to HKD 1,991,000[4]. - The company reported a pre-tax loss of HKD 5,114,000 for the six months ended January 31, 2024, compared to a loss of HKD 13,173,000 in 2023, indicating an improvement in financial performance[23]. - Basic loss per share improved to HKD 1.01 in 2024 from HKD 2.63 in 2023, showing a reduction in losses per share[23]. Revenue Breakdown - Total revenue for the six months ended January 31, 2024, was HKD 79,704,000, up from HKD 68,287,000 in the same period of 2023, reflecting a year-on-year increase of 16.5%[14]. - Revenue for private secondary school auxiliary education services increased to HKD 49,897,000 in 2024 from HKD 46,801,000 in 2023, representing a growth of 4.7%[14]. - Revenue from school services surged by HKD 5.1 million or 88.4% to HKD 10.9 million for the six months ended January 31, 2024[42]. - The private secondary school tutoring services revenue rose by HKD 3.1 million or 6.6% to HKD 49.9 million for the six months ended January 31, 2024[43]. - Revenue from supporting educational services and products surged by 52.5% to HKD 23.1 million, up from HKD 15.1 million[59]. - Other income rose to HKD 7,291,000 in 2024 from HKD 3,768,000 in 2023, marking an increase of 93.3%[16]. Assets and Liabilities - Total assets increased from HKD 189,700,000 to HKD 211,794,000[5]. - Total liabilities rose from HKD 111,203,000 to HKD 137,231,000[6]. - Current assets increased from HKD 111,400,000 on July 31, 2023, to HKD 131,800,000 on January 31, 2024, primarily due to an increase in cash and cash equivalents[75]. - Other receivables increased to HKD 12.8 million as of January 31, 2024, from HKD 9.0 million as of July 31, 2023[31]. - The total amount of deposits and prepayments increased to HKD 13.0 million as of January 31, 2024, from HKD 11.2 million as of July 31, 2023[31]. Cash Flow and Dividends - Cash and cash equivalents recorded HKD 88,100,000 as of January 31, 2024[3]. - The company did not recommend the payment of an interim dividend for the six months ended January 31, 2024[3]. - The company did not declare any interim dividends for the six months ended January 31, 2024, consistent with the previous year[24][25]. Operational Insights - The total number of private secondary school tutorial service sessions rose by 2.8% from 72,000 to 74,000[3]. - The company operates 11 teaching centers with a maximum classroom capacity of 2,331 students[41]. - The company is focused on expanding its educational services and products, including various brands and offerings aimed at enhancing its market presence[12]. - The company anticipates continued growth in its core business of private secondary school tutoring services as the impact of the COVID-19 pandemic diminishes[55]. - The company plans to expand its school consulting services in the Greater Bay Area, responding to the rising demand for HKDSE education services in mainland China[55]. Cost Management - Employee costs increased to HKD 35,138,000 in 2024 from HKD 33,473,000 in 2023, reflecting a rise of 5%[17]. - Interest expenses on bank loans rose to HKD 1,152,000 in 2024 from HKD 808,000 in 2023, an increase of 42.5%[19]. - Printing and other operating expenses increased by 13.7% from HKD 20,500,000 to HKD 23,300,000, mainly due to a significant rise in freelancer service costs[69]. - Advertising and promotional expenses decreased by 40.5% from HKD 5,200,000 to HKD 3,100,000, as the company shifted focus to online channels[72]. Corporate Governance - The company has adopted the corporate governance code as per the listing rules and has complied with all applicable provisions until January 31, 2024[87]. - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing financial reporting, risk management, and internal control systems[90]. - The board believes that the terms of the supplemental agreement are fair and in the best interest of the company and its shareholders[101]. Future Outlook - The company is actively seeking opportunities for collaboration, investment, and acquisition in the education sector to diversify its business portfolio[56]. - The company aims to achieve greater synergy with its existing business through the integration of the target company, which is expected to enhance overall business performance[98].

Acquisitions and Partnerships - The group completed several acquisitions and investment projects by July 31, 2023, aligning with the Hong Kong government's talent development initiatives[15]. - The group has established a strategic partnership with Beijing Normal University and Hong Kong Baptist University, forming a research team for HKDSE education within a year[16]. - The company has acquired a subsidiary operating multiple post-secondary courses to diversify its business portfolio and generate stable income[41]. - The company acquired a 51% stake in Yingfu Consulting (International) Limited for a total consideration of HKD 6,374,700, completed on November 30, 2022[59][60]. - An investment in Lingyou Education Limited was made for HKD 3,968,400, with the company acquiring 210,000 shares, completed on March 30, 2023[61]. Enrollment and Course Offerings - The number of candidates for the Hong Kong-Macao-Taiwan Overseas Chinese Students Examination increased from 5,048 in 2022 to 7,238 in 2023, indicating a growing recognition of HKDSE in mainland China[18]. - The group aims to diversify its course offerings and expand its teaching staff to enhance personalized education and ensure students have sufficient choices[14]. - The group reported a strong enrollment momentum for the new academic year, with some courses already fully booked during the initial enrollment phase[14]. - The number of students enrolled in summer courses significantly dropped, leading to a 62.9% decrease in course attendance, equating to 22,000 fewer students[33]. - The number of regular course attendees decreased by 20.5% or 24,000 students, indicating ongoing challenges in student engagement[33]. Revenue and Financial Performance - The company's revenue decreased from HKD 141.8 million for the year ended July 31, 2022, to HKD 131.2 million for the year ended July 31, 2023, a decline of HKD 10.7 million or 7.5%[30]. - Revenue from private secondary school tutoring services fell by 23.6% or HKD 26.9 million, attributed to reduced student motivation and changes in the HKDSE curriculum[33]. - Private secondary day school services saw a revenue increase of 31.7% due to a rise in student enrollment[34]. - The company recorded substantial growth in school services, with revenue increasing by 313% from HKD 4 million to HKD 16.4 million, driven by demand for HKDSE-related educational services in mainland China[37]. - The total revenue from supporting educational services and products rose from HKD 19.1 million to HKD 32.6 million, marking a significant increase[36]. Expenses and Costs - Employee costs decreased by approximately HKD 2,900,000 or about 4.1% from approximately HKD 70,000,000 to approximately HKD 67,200,000, despite increased staffing costs in mainland China[50]. - Advertising and promotional expenses increased by 32.1% from HKD 4,300,000 for the year ended July 31, 2022, to HKD 5,700,000 for the year ended July 31, 2023, as the company shifted its marketing strategy towards online channels and social media platforms[53]. - Operating expenses related to printing and other costs rose by 17.4% from HKD 38,300,000 for the year ended July 31, 2022, to HKD 45,000,000 for the year ended July 31, 2023, mainly due to an increase in freelancer service fees[54]. Corporate Governance and Compliance - The board aims to maintain high standards of corporate governance, applying all applicable provisions of the corporate governance code[168]. - The independent non-executive directors have confirmed their independence according to the guidelines set out in the listing rules[177]. - The board has established mechanisms to ensure it receives independent views and opinions[177]. - The board has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee to oversee specific aspects of the company's affairs[185]. - The company has established governance policies including anti-corruption and whistleblowing policies[189]. Stock Options and Employee Incentives - The company adopted a post-IPO share option plan on June 21, 2018, to reward employees and retain valuable human resources[120]. - The maximum number of shares available for subscription under the post-IPO share option plan is capped at 30% of the total issued shares[129]. - The updated plan authorization limit for the post-IPO share option plan is 50 million shares, which is approximately 9.85% of the total issued shares as of the report date[129]. - The stock options granted under the post-IPO option plan will have a validity period of 10 years from the grant date[151]. - The company confirmed that the stock options granted will not have a dilutive effect on earnings per share for the fiscal year ending July 31, 2023[155]. Financial Position and Ratios - As of July 31, 2023, the group's debt-to-equity ratio is approximately 107.6%, up from 74.9% on July 31, 2022[65]. - The current ratio fell from 1.44 as of July 31, 2022, to 1.10 as of July 31, 2023, primarily due to an increase in borrowings from HKD 55,100,000 to HKD 63,600,000[57]. - Current assets decreased from HKD 126,700,000 as of July 31, 2022, to HKD 111,400,000 as of July 31, 2023, with cash and cash equivalents dropping from HKD 103,900,000 to HKD 75,300,000 during the same period[57]. Future Outlook and Strategy - The company plans to explore opportunities to enhance profitability in private secondary school tutoring services, including recruiting quality tutors and offering diverse teaching modes[40]. - The management remains optimistic about the future of the private secondary school tutoring services industry despite challenges, focusing on sustainable growth and value creation for stakeholders[41]. - The company aims to strategically develop the international education market in mainland China and provide more HKDSE-related and other international course services[41]. Social Responsibility and Community Engagement - The group made charitable donations of approximately HKD 66,500 for the year ended July 31, 2023, compared to HKD 28,000 in 2022[161].

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之內容概不負責，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 容而引致之任何損失承擔任何責任。 BExcellent Group Holdings Limited 精英匯集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1775） 截 至2023年7月31日止年度 全年業績公告 財務摘要 本集團截至2023年7月31日止財政年度與截至2022年7月31日止年度比較的業績概述如下： ‧ 本集團收入由141,800,000港元減少7.5%至131,200,000港元。 ‧ 私立中學輔助教育服務的課節修讀人次總數由179,000名減少26.3%至132,000名。 ‧ 本集團虧損由26,200,000港元增加2.8%至26,900,000港元。 ‧ 本集團經調整虧損由36,900,000港元減少26.4%至27,200,000港元。* ‧ 本公司擁有人應佔虧損由25,500,000港元增加9.2%至27,800,000港元。 於2023年7月31日，本集團持有現金及現金等價物75,300, ...

Revenue and Financial Performance - Revenue for the six months ended January 31, 2023, was HKD 68,287,000, a decrease of 18.1% from HKD 83,342,000 in the same period of 2022[2] - The company reported a loss of HKD 12,995,000 for the six months ended January 31, 2023, compared to a loss of HKD 8,121,000 in the prior year[2] - Total revenue decreased by HKD 15,100,000 or 18.1% to HKD 68,300,000 for the six months ended January 31, 2023, primarily due to a decline in private supplementary education services revenue[23] - Revenue from private supplementary education services decreased by HKD 21,300,000 or 31.3% to HKD 46,800,000, with student attendance dropping by 44,000 or 37.9%[23] - Revenue from private secondary school tutoring services decreased by 31.4% to HKD 46,801,000 from HKD 68,126,000 year-over-year[66] - Revenue from private secondary school day services increased by HKD 1,600,000 or 32.4% compared to the same period last year, due to an increase in the number of unique students[17] - Operating loss for the period was HKD 11,598,000, compared to a loss of HKD 5,651,000 in the previous year, indicating a deterioration in operational performance[48] - The company reported a net loss of HKD 12,995,000 for the period, which is an increase from a loss of HKD 8,121,000 in 2022, reflecting a 60% increase in losses year-over-year[48] Student Attendance and Services - Total student attendance for private secondary school tutorial services decreased from 116,000 to 72,000, a decline of 37.9%[4] - The number of regular course attendees dropped by 27.4%, while summer course attendance fell by 65.8% due to the impact of the pandemic[16] - The average classroom capacity revenue per student decreased from HKD 25.3 to HKD 21.2, reflecting a reduction of 16.2%[4] - The average course fee per student increased to HKD 650 from HKD 587, indicating a rise of 10.7%[16] Operational Adjustments and Future Outlook - The company is adapting to changes in the HKDSE curriculum, which may shift student focus to subjects like English, presenting new growth opportunities[12] - The management is actively addressing the challenges posed by the pandemic and is focused on providing quality educational services[11] - The management remains optimistic about the future of the private supplementary education services industry despite current challenges[22] Costs and Expenses - Employee costs accounted for 49.0% of total revenue, up from 39.6% in the previous year, reflecting increased labor costs[27] - Employee costs increased by HKD 500,000 or 1.3% from HKD 33,000,000 for the six months ended January 31, 2022, to HKD 33,500,000 for the six months ended January 31, 2023, primarily due to increased headcount for business expansion in mainland China[29] - Tutor service fees decreased by HKD 4,600,000 or 29.9% from HKD 15,500,000 for the six months ended January 31, 2022, to HKD 10,900,000 for the six months ended January 31, 2023, mainly due to reduced income from private secondary school tutoring services[30][31] - Printing and other operating expenses decreased by HKD 600,000 or 2.7% from HKD 21,100,000 for the six months ended January 31, 2022, to HKD 20,500,000 for the six months ended January 31, 2023, attributed to a reduction in printing costs related to private secondary school tutoring services[32] - Advertising and promotional expenses increased by HKD 3,300,000 or 171.0% from HKD 1,900,000 for the six months ended January 31, 2022, to HKD 5,200,000 for the six months ended January 31, 2023, due to increased investment in traditional and digital marketing channels[34] Assets and Liabilities - As of January 31, 2023, the group's current assets decreased slightly to HKD 125,300,000 from HKD 126,700,000 as of July 31, 2022, mainly due to a reduction in cash and cash equivalents[37] - The group's current ratio as of January 31, 2023, was 1.26, down from 1.44 as of July 31, 2022[37] - The group's debt-to-equity ratio as of January 31, 2023, was 81.1%, up from 74.9% as of July 31, 2022, calculated based on bank borrowings of HKD 54,800,000 and lease liabilities of HKD 18,600,000[42] - Total assets decreased to HKD 198,018,000 from HKD 201,677,000, a decline of approximately 1.3%[49] - Total liabilities increased to HKD 108,959,000 from HKD 101,350,000, marking a rise of about 7.8%[51] Cash Flow and Investments - Operating cash flow for the six months ended January 31, 2023, was HKD 12,479,000, compared to HKD 2,150,000 for the same period in 2022, representing a significant increase[55] - Net cash used in investing activities was HKD 8,879,000 for the six months ended January 31, 2023, compared to HKD 1,998,000 in 2022[55] - The net cash used in financing activities was HKD 6,898,000 for the six months ended January 31, 2023, down from HKD 9,655,000 in 2022[55] - Cash and cash equivalents at the end of the period were HKD 100,514,000, compared to HKD 71,610,000 at the end of the same period in 2022[55] Shareholder Information and Corporate Governance - The company is 74.4% owned by Zunli Enterprises Limited, which is beneficially owned by Ms. Liang Heqi (60%), Mr. Tan Huilong (26%), and others[132] - The company has adhered to the corporate governance code as per the listing rules since its listing on the main board until January 31, 2023[144] - The company has adopted the standard code for securities transactions, confirming compliance by all directors and relevant employees for the six months ending January 31, 2023[145] - The company’s audit committee, consisting of three independent non-executive directors, has reviewed the interim report and financial statements for the six months ending January 31, 2023[147] - The company maintains the required public float as stipulated by the listing rules as of the interim report date[148] Acquisitions and Future Plans - The company acquired 51% of Yingfu Consulting (International) Limited for a total consideration of HKD 6,400,000 on November 30, 2022, expanding its educational service offerings[122] - The company plans to acquire 30% of Lingyou Education Limited for a total consideration of HKD 3,968,400, which includes cash and shares, enhancing its market presence in the education sector[125] - On March 30, 2023, the company’s wholly-owned subsidiary agreed to acquire shares in the target company for a total consideration of HKD 3,968,400, which includes cash of HKD 1,050,000 and the issuance of 3,648,000 shares at HKD 0.80 each[150]

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之內容概不負責，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 容而引致之任何損失承擔任何責任。 BExcellent Group Holdings Limited 精 英 匯 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：1775） 截 至2023年1月31日 止 六 個 月 中 期 業 績 公 告 財務摘要 本集團截至2023年1月31日止六個月與截至2022年1月31日止同期比較的業績概述如下： ‧ 本集團收入由83,300,000港元下跌18.1%至約68,300,000港元。 ‧ 私立中學輔助教育服務的課節修讀人次總數由116,000名下跌約37.9%至72,000名。 ‧ 截至2023年1月31日止六個月的本公司擁有人應佔虧損為13,200,000港元（截至2022年1月 31日止六個月，本公司擁有人應佔虧損為7,500,000港元）。 ‧ 銀行結餘及現金於2023年1月31日錄得100,500,000港元。 ‧ 董事會不建議派付截至2023年1月31日止 ...