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。 ENTERPRISE DEVELOPMENT HOLDINGS LIMITED 企 展 控 股 有 限 公司 （於開曼群島註冊成立之有限公司） 1808 （股份代號： ） 截至二零二三年六月三十日止六個月之未經審核中期業績 企展控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及其附屬公 司（「本集團」）截至二零二三年六月三十日止六個月之未經審核中期業績，連同二零 二二年同期之比較數字。未經審核中期業績並未經審核，但已由本公司審核委員會 （「審核委員會」）審閱。 ...

Financial Performance - The company recorded a consolidated net loss attributable to equity holders of approximately RMB 22 million for the fiscal year ended December 31, 2022, compared to a net loss of RMB 24 million in the previous year[7]. - The group's gross profit for the year was approximately RMB 21 million, with a gross margin of about 43% for the software business, up from 41% in the previous year[7]. - The software business showed signs of recovery in 2022, benefiting from improved management and business transformation efforts despite ongoing impacts from the COVID-19 pandemic[8]. - For the year ended December 31, 2022, the group recorded revenue of approximately RMB 47,909,000, an increase of 17.4% compared to RMB 40,825,000 in 2021[25]. - Revenue from software maintenance and other services was approximately RMB 34,218,000, down from RMB 38,172,000 in 2021[25]. - Revenue from software licensing and other product sales increased significantly to approximately RMB 13,691,000, compared to RMB 2,293,000 in 2021[25]. - The group recorded a gross profit of approximately RMB 20,816,000 for the year ended December 31, 2022, compared to RMB 16,512,000 in 2021, with a gross margin increase to 43% from 41%[26]. - The group reported a loss of approximately RMB 25,014,000 for the year ended December 31, 2022, an improvement from a loss of RMB 30,734,000 in 2021[35]. Dividend and Shareholder Returns - The board does not recommend the payment of any final dividend for the fiscal year ended December 31, 2022[7]. - The company aims to enhance shareholder returns by exploring potential integration opportunities within existing IT services[9]. - The company has adopted a dividend policy, with future dividends to be determined at the board's discretion based on overall performance and financial conditions[146]. Business Strategy and Market Outlook - The company plans to diversify its software business by expanding from providing software solutions to enterprise clients to industrial parks[9]. - The company anticipates that the Chinese software market will gradually recover from the pandemic, with a focus on domestic database service providers due to government localization policies[8]. - The company plans to introduce new products and services to maintain competitiveness and diversify its business lines[75]. - The company aims to align with national policies promoting domestic database software, anticipating a shift towards local brands by Chinese customers[75]. Cost Management and Expenses - Distribution expenses decreased to approximately RMB 14,475,000 in 2022 from RMB 16,710,000 in 2021, primarily due to reduced employee costs in the software business[27]. - General and administrative expenses were approximately RMB 16,849,000 for the year ended December 31, 2022, down from RMB 17,870,000 in 2021, mainly due to lower employee costs and trading costs related to listed securities[28]. - Financing costs increased to approximately RMB 877,000 in 2022 from RMB 715,000 in 2021, attributed to higher interest expenses on borrowings[30]. Capital and Investments - The group completed a capital injection of RMB 12,850,000 into Beijing Dongfang Longma Software Development Co., acquiring approximately 10.46% equity, resulting in a total ownership of about 64.18%[39]. - The company completed a placement of 13,600,000 shares at a price of HKD 0.84 per share, raising approximately HKD 11,400,000, with a net amount of HKD 10,950,000 after expenses[51]. - The net proceeds from the placement will be used for investments in AI-related software development and general operational funds, with HKD 4,000,000 allocated for Beijing Dongfang Longma and approximately HKD 6,950,000 for the Hong Kong office[51]. - The company proposed a rights issue to raise up to approximately HKD 106,160,000, with a subscription price of HKD 0.85 per share[54]. Governance and Board Structure - The company has not appointed a chairman or CEO, with roles being shared by the board, indicating a potential governance issue[93]. - The board consists of four members, including one executive director and three independent non-executive directors, ensuring a balanced structure[89]. - The company has not set measurable targets for gender diversity at the board level, but it reviews the board's composition annually to ensure effectiveness[100]. - The board held seven meetings during the fiscal year ending December 31, 2022, to review operational and financial performance[103]. Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report indicates that the company has maintained its operational locations and supply chain structure without significant changes during the fiscal year ending December 31, 2022[158]. - The company aims to improve its overall environmental performance and reduce its carbon footprint in response to climate change[165]. - The company's greenhouse gas emissions decreased significantly, with total emissions at 46.12 tons of CO2 equivalent in 2022, down from 60.46 tons in 2021, representing a reduction of approximately 23.7%[181]. - The company has committed to integrating sustainability into its business decision-making processes[168]. Employee and Labor Practices - The company employed 89 full-time employees as of December 31, 2022, down from 96 in 2021[67]. - Employee turnover rate decreased to 19% in 2022 from 34% in 2021, with male turnover dropping from 38% to 22% and female turnover from 21% to 10%[198]. - The company emphasizes a safe working environment, adhering to various labor laws and implementing measures such as medical insurance and regular maintenance of ventilation systems[199]. - The company is committed to promoting work-life balance and providing appropriate benefits to retain talent[198].

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，概不會就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之任何損失承擔任何責任。 ENTERPRISE DEVELOPMENT HOLDINGS LIMITED 企 展 控 股 有 限 公司 （於開曼群島註冊成立之有限公司） 1808 （股份代號： ） 截至二零二二年十二月三十一日止年度之全年業績 全年業績 企展控股有限公司（「本公司」）之董事（合稱「董事」，各自為「董事」）會（「董事會」）公佈本 公司及其附屬公司（合稱「本集團」）截至二零二二年十二月三十一日止年度之綜合財務 業績，連同截至二零二一年十二月三十一日止年度之比較數字如下： 綜合損益表 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 人民幣千元 人民幣千元 3(a) 47,909 40,825 收益 (27,093) (24,313) 銷售成本 20,816 16,512 毛利 4 148 5,073 ...

Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 24,852,000, an increase of 19.3% compared to RMB 20,739,000 for the same period in 2021[18] - Gross profit for the same period was RMB 11,032,000, representing a gross margin of 44.4%, up from RMB 7,107,000 in 2021[18] - The net loss for the six months ended June 30, 2022, was RMB 13,288,000, a slight improvement from a net loss of RMB 14,499,000 in the prior year[18] - The company reported a comprehensive loss of RMB 12,285,000 for the period, compared to RMB 15,371,000 in the same period last year[22] - The company’s operating loss improved to RMB 12,779,000 from RMB 14,635,000 in the previous year[18] - The adjusted loss before tax for the reportable segment was RMB (10,655,000) for the first half of 2022, compared to RMB (10,824,000) in the same period of 2021, indicating an improvement[55] - The company reported a net loss before tax of RMB (13,174,000) for the first half of 2022, a slight improvement from RMB (14,726,000) in the same period of 2021[55] - The company reported a loss of approximately RMB 13,288,000 for the six months ended June 30, 2022, compared to a loss of RMB 14,499,000 for the same period in 2021[138] Assets and Liabilities - Total assets as of June 30, 2022, were RMB 197,877,000, compared to RMB 208,214,000 as of December 31, 2021[24] - Cash and cash equivalents decreased to RMB 73,222,000 from RMB 115,636,000 at the end of 2021[24] - The company’s equity attributable to shareholders was RMB 112,234,000, down from RMB 124,581,000 at the end of 2021[28] - The total liabilities of the company increased to RMB 34,724,000 as of June 30, 2022, compared to RMB 30,736,000 as of December 31, 2021[59] - The company’s reportable segment liabilities increased to RMB 27,855,000 as of June 30, 2022, from RMB 23,890,000 as of December 31, 2021[59] - As of June 30, 2022, the company's interest-bearing loans totaled RMB 13,820,000, compared to RMB 10,057,000 as of December 31, 2021, representing a 37.7% increase[97] Cash Flow - For the six months ended June 30, 2022, the net cash used in operating activities was RMB (44,390) thousand, compared to RMB (83,106) thousand for the same period in 2021, indicating an improvement of 46.5%[36] - The company reported a net cash inflow from financing activities of RMB 1,662 thousand for the six months ended June 30, 2022, a decrease from RMB 35,811 thousand in the same period of 2021[36] - The net cash and cash equivalents decreased by RMB 43,478 thousand, with cash and cash equivalents at June 30, 2022, amounting to RMB 73,222 thousand, up from RMB 51,898 thousand in the previous year[36] Share Capital and Equity - The company issued new shares during the rights issue, raising a total of RMB 36,710 thousand, which reflects a significant capital inflow[32] - The company's issued and paid-up ordinary shares as of June 30, 2022, were 1,360,625,725 shares, compared to 758,172,933 shares as of December 31, 2021, indicating an increase of 79.4%[104] - The capital restructuring approved on January 26, 2022, involved consolidating every 20 existing shares into 1 share with a par value of HKD 2.0[104] - The total number of unexercised share options was adjusted from 32,664,263 to 1,633,212 following the capital restructuring on March 25, 2022[114] Operational Highlights - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[10] - The company plans to continue exploring market expansion and new product development strategies in the upcoming periods[101] - The company operates primarily in the software business, providing integrated business software solutions in China, with other segments categorized as "Others"[46] - The company has implemented domestic database software development in response to the Chinese government's localization policy, which has driven demand from clients[169] Employee and Cost Management - The company reported a decrease in employee costs to RMB 10,851,000 for the first half of 2022, down from RMB 13,167,000 in the same period of 2021[69] - Distribution expenses decreased to approximately RMB 7,130,000, down from RMB 8,954,000 in the previous year, primarily due to reduced employee costs in the software business[133] - General and administrative expenses were approximately RMB 9,026,000, a decrease from RMB 9,937,000 in the previous year, attributed to lower employee costs and trading costs of listed equity securities[136] Investments and Acquisitions - Approximately 30% of the net proceeds from the rights issue, around HKD 13,170,000, is planned for potential acquisitions, expansion, and equipment purchases in the software business[144] - The company plans to allocate approximately HKD 15,640,000 for research and development of AI-related software and expansion of domestic database software promotion[160] Corporate Governance - The company has adopted the corporate governance code and complied with all relevant code provisions, except for the separation of roles between the chairman and the CEO[196] - The audit committee, established on December 18, 2006, is responsible for reviewing and supervising financial reporting procedures and risk management[199]

Financial Performance - The company reported a consolidated net loss attributable to equity holders of approximately RMB 24 million for the fiscal year ended December 31, 2021, compared to a net loss of RMB 17 million in the previous year[25]. - The company recorded revenue of approximately RMB 40,825,000 for the year ended December 31, 2021, a decrease of 42.5% compared to RMB 70,839,000 in 2020[39]. - The net loss for the year was RMB 30,734,000, an increase from a loss of RMB 25,322,000 in 2020[79]. - The gross profit for the year was approximately RMB 16,512,000, compared to RMB 17,578,000 in 2020[79]. - The company reported a return on equity of -18.14% for 2021, compared to -16.91% in 2020[82]. - The company did not recommend the payment of any final dividend for the fiscal year ended December 31, 2021[25]. - The company recorded a loss of approximately RMB 30,734,000 for the year ended December 31, 2021, compared to a loss of RMB 25,322,000 in 2020[47]. Revenue and Business Strategy - The gross profit for the year was approximately RMB 17 million, with a software business gross margin of about 41%, up from 25% in the previous year[25]. - The company anticipates that the software business revenue will increase as more Chinese customers shift towards domestic database service providers due to national self-sufficiency policies[27]. - The company plans to maintain competitiveness by launching new products and services, expanding its customer base, and implementing various cost control policies in 2022[26]. - The company aims to explore opportunities to integrate existing IT services within the financial services sector to enhance growth and competitive advantage[27]. - The company will continue to seek suitable business opportunities to expand into new growth areas and diversify revenue sources[27]. - Future strategies may involve enhancing product offerings and exploring new market opportunities to recover from the pandemic's impact[39]. Impact of COVID-19 - The software business faced challenges due to the COVID-19 pandemic, which negatively impacted market sentiment and financial performance[26]. - The decline in overall revenue was significantly impacted by the COVID-19 pandemic, which adversely affected market sentiment and operational activities[39]. - The company faced significant challenges in business activities due to the pandemic, leading to delays in operations[39]. - Software business revenue for the year was approximately RMB 40,465,000, down about 43% from RMB 70,530,000 in 2020, primarily due to competition and market conditions exacerbated by the COVID-19 pandemic[72]. Cost Management - Distribution expenses decreased to approximately RMB 16,710,000 from RMB 19,486,000 in 2020, primarily due to reduced employee costs in the software business[41]. - General and administrative expenses increased to approximately RMB 17,870,000 from RMB 17,305,000 in 2020, mainly due to higher legal and professional fees[42]. - The cost of sales for 2021 was RMB 24,313,000, down from RMB 53,261,000 in 2020[79]. - The company aims to improve the profit margin of its software maintenance services by repositioning its products to reduce sales costs[75]. Shareholder Communication and Governance - The company expressed gratitude to shareholders, business partners, and employees for their support and cooperation[27]. - The company is committed to maximizing efforts to promote long-term business development and enhance shareholder returns[27]. - The board held a total of 19 meetings during the fiscal year ending December 31, 2021, with regular reviews of operational and financial performance[103]. - The company held its annual general meeting on June 30, 2021, to maintain communication with shareholders[104]. - The board has delegated daily management responsibilities to the management team while retaining oversight of major acquisitions and financial matters[90]. Risk Management and Internal Control - The board is responsible for maintaining effective risk management and internal control systems to protect the company's assets and shareholders' interests[144]. - An external consultant was hired to review risk management and internal control, with no significant deficiencies found in the system for the year ending December 31, 2021[148]. - The group aims to establish a culture of risk awareness and accountability as the foundation of its internal control system, applicable to major business processes[145]. Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report is based on the group's operations in Hong Kong, Beijing, Shanghai, Chengdu, and Guangzhou, with no significant changes in the supply chain structure during the reporting period[152]. - The group has integrated an ESG management system to improve board-level oversight and has designated a team to coordinate all ESG-related matters[159]. - The company plans to improve overall environmental performance year by year, which is expected to benefit its business significantly[159]. - The company has identified key stakeholder concerns, including customer data protection and product safety management[168]. - The company has established effective communication channels with stakeholders to understand their concerns and improve sustainability strategies[168]. Employee and Workforce Management - The company employed 96 full-time employees in 2021, ensuring compliance with local labor laws and regulations[195]. - The gender distribution of employees in 2021 was 69% male and 31% female, reflecting a diverse workforce[200].

Financial Performance - Revenue for the six months ended June 30, 2021, was RMB 20,739,000, a decrease of 31.5% compared to RMB 30,424,000 for the same period in 2020[19] - Gross profit for the same period was RMB 7,107,000, representing a gross margin of 34.3%, compared to RMB 6,544,000 in 2020[19] - The operating loss for the six months was RMB 14,635,000, compared to an operating loss of RMB 11,275,000 in the previous year, indicating a deterioration in operational performance[19] - The net loss attributable to equity holders of the company was RMB 11,974,000, compared to RMB 8,895,000 in the same period last year, reflecting a 34.5% increase in losses[19] - The company reported a total comprehensive loss of RMB 15,371,000 for the period, compared to RMB 11,730,000 in the previous year, indicating a worsening overall financial position[22] - The company reported a net gain from the sale of receivables of RMB 2,992,000 for the six months ended June 30, 2021, compared to no such income in the same period of 2020[68] - The net loss for the six months ended June 30, 2021, was approximately RMB 14,499,000, compared to a loss of RMB 11,876,000 for the same period in 2020[140] Assets and Liabilities - Total assets as of June 30, 2021, were RMB 179,440,000, an increase from RMB 158,872,000 as of December 31, 2020[25] - Total assets as of June 30, 2021, were RMB 205,956,000, an increase of 8.9% from RMB 190,525,000 as of December 31, 2020[60] - Total liabilities decreased to RMB 26,516,000 as of June 30, 2021, from RMB 32,424,000 as of December 31, 2020, reflecting a reduction of 18.2%[60] - Trade receivables, net of loss provisions, increased to RMB 28,022,000 as of June 30, 2021, from RMB 18,868,000 as of December 31, 2020, reflecting a growth of approximately 48%[88] - The group reported total trade and other receivables of RMB 127,311,000 as of June 30, 2021, up from RMB 61,429,000 as of December 31, 2020, indicating a growth of approximately 107%[88] - The group had a lease liability of RMB 1,600,000 in current liabilities as of June 30, 2021, compared to RMB 2,408,000 as of December 31, 2020, showing a decrease of approximately 33%[82] Cash Flow and Financing - Cash and cash equivalents increased to RMB 200,994,000 from RMB 185,346,000, indicating improved liquidity[25] - The company reported a net cash outflow from operating activities of RMB (83,106) thousand for the six months ended June 30, 2021, compared to RMB (56,957) thousand for the same period in 2020, representing a 46% increase in cash outflow[37] - The net cash used in investing activities was RMB (1,336) thousand for the six months ended June 30, 2021, compared to RMB (15,452) thousand in the same period of 2020, indicating a significant reduction in investment cash outflow[37] - The company generated net cash from financing activities of RMB 35,811 thousand for the six months ended June 30, 2021, compared to RMB 19,281 thousand for the same period in 2020, reflecting an increase of 86%[37] - The total cash and cash equivalents decreased by RMB 48,631 thousand during the period, with a balance of RMB 51,898 thousand as of June 30, 2021, compared to RMB 11,799 thousand at the end of the same period in 2020[37] - The company issued new shares resulting in a total of RMB 36,710 thousand in equity raised, after deducting expenses[34] Operational Insights - The company operates primarily in the software business, providing integrated business software solutions in China and Hong Kong[48] - The company has not reported any new product launches or significant market expansion strategies during this period[19] - The company aims to enhance its market presence through the development of new software solutions and expansion into new regions[64] - The company is focusing on improving operational efficiency and reducing costs to mitigate the impact of declining revenues[64] - The group is committed to maintaining competitiveness through the introduction of new products and services, as well as diversifying its business to expand revenue sources[165] - The group is actively seeking suitable opportunities to expand into new business lines with growth potential[165] Employee and Administrative Costs - Employee costs increased to RMB 13,167,000 for the six months ended June 30, 2021, up from RMB 11,003,000 in the same period of 2020, representing a rise of 19.7%[71] - General and administrative expenses increased to approximately RMB 9,937,000 from RMB 6,399,000, primarily due to higher employee costs[135] Shareholder Information - Major shareholders include China Taiping Insurance Holdings Company Limited, holding 203,854,292 shares (17.98%), and Jing Baifu, holding 278,351,792 shares (24.55%) as of June 30, 2021[174] - The total number of shares held by major shareholders reflects significant ownership concentration, with several entities holding over 5% of the shares[174] Corporate Governance - The company confirmed that all directors complied with the standards set out in the code of conduct for securities transactions during the six months ended June 30, 2021[185] - The company adopted the corporate governance code and complied with all relevant provisions, except for deviations related to the roles of the chairman and CEO, and the composition of the nomination committee[186] - Following the resignation of an independent non-executive director on March 25, 2021, the number of independent non-executive directors fell below the minimum required, but was restored after appointing a new director on May 26, 2021[189] - The audit committee currently consists of three independent non-executive directors, responsible for reviewing and supervising financial reporting procedures and risk management[190]

F 企 展 控 股 有 限 公 司 ( 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ) 股 份 代 號：1808 2020年報 目錄 目錄 公司資料 2 主席報告書 3 董事履歷 4 管理層討論及分析 6 五年概要及重要財務比率 11 企業管治報告 13 環境、社會及管治報告 25 董事會報告書 37 獨立核數師報告 47 綜合損益表 52 綜合全面收益表 53 綜合財務狀況表 54 綜合權益變動表 55 綜合現金流量表 56 綜合財務報表附註 58 1 企展控股有限公司 2020年年報 公司資料 公司資料 | --- | --- | |--------------------------------------|-------------------------------| | | | | 董事會 | 註冊辦事處 | | | Cricket Square | | 執行董事 | Hutchins Drive | | 關浣非 （主席） | P.O. Box 2681 | | 毛俊杰 | Grand Cayman | | | KY1-1111 | | 獨立非執行董事 | Cayman Islands ...

E 企 展 控 股 有 限 公 司 (於開曼群島註冊成立之有限公司) 股 份 代 號：1808 中期報告 2020 目錄 頁次 公司資料 2 未經審核綜合損益表 3 未經審核綜合全面收益表 4 未經審核綜合財務狀況表 5 未經審核綜合權益變動表 7 8 | --- | |----------------------------| | | | 未經審核簡明綜合現金流量表 | | 未經審核中期財務報告附註 | | 管理層討論及分析 | | | 9 30 其他資料 35 1 企展控股有限公司 2020年中期報告 公司資料 | --- | --- | |--------------------------------------|-------------------------------------------------------------------------------------------| | | | | 董事會 | 註冊辦事處 | | 執行董事 關浣非 （主席） 白雪飛 | Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman | | ...

Financial Performance - The company reported a consolidated net loss attributable to equity holders of approximately RMB 82 million for the fiscal year ended December 31, 2019, compared to a net loss of RMB 25 million in the previous year[8]. - Major contributors to the net loss included distribution expenses of approximately RMB 23 million, general and administrative expenses of approximately RMB 22 million, and impairment losses totaling approximately RMB 59 million[8]. - The company recorded revenue of approximately RMB 101,628,000 for the year ended December 31, 2019, a decrease of 31.8% from RMB 149,091,000 in 2018[23]. - The company reported a loss of approximately RMB 104,119,000 for the year ended December 31, 2019, compared to a loss of RMB 39,055,000 in 2018[34]. - The gross profit for the year was approximately RMB 23,325,000, with a gross margin of 23%, up from 16% in the previous year[24]. - The company did not declare a final dividend for the year ended December 31, 2019, consistent with the previous year[45]. - The total reserves available for distribution to equity holders as of December 31, 2019, amounted to approximately RMB 33,269,000, a decrease from RMB 80,420,000 in 2018[199]. - The company did not recommend the payment of a final dividend for the year ended December 31, 2019, consistent with the previous year[197]. Business Challenges and Strategies - The software business growth continued to slow down due to clients transitioning from traditional databases to next-generation non-structured databases, facing intense competition from well-funded participants[9]. - Economic uncertainties from the US-China trade war and the COVID-19 outbreak are expected to pose significant challenges to the company's software business in China in the coming year[9]. - The company aims to maintain competitiveness and expand its customer base by launching new products and services in 2020[9]. - The company plans to explore suitable business opportunities to expand into new growth areas and diversify revenue sources to enhance shareholder returns[9]. - The company remains optimistic about growth opportunities in the financial services sector and believes that integrating its IT services with financial services can broaden revenue sources and provide long-term benefits[9]. - The company anticipates significant challenges for its software business in the coming year due to economic uncertainties from the US-China trade war and the COVID-19 pandemic[48]. - The company aims to maintain competitiveness by introducing new products and services while implementing cost control measures[48]. Governance and Board Composition - Independent non-executive director Hu Jingying has over 25 years of experience in accounting and finance, serving as the chair of the audit committee and a member of the remuneration and nomination committees[13]. - Liu Jian, another independent non-executive director, has over 14 years of experience in investment banking, having held senior management positions in several investment banks[15]. - Li Weijun, also an independent non-executive director, has extensive experience in finance and investment management, currently serving as CFO of a fashion manufacturing group listed on the Hong Kong Stock Exchange[16]. - The company has appointed experienced directors with diverse backgrounds in finance, investment, and corporate governance, enhancing its strategic oversight capabilities[18]. - The board includes members with significant experience in various sectors, including investment banking, asset management, and corporate finance, which may contribute to informed decision-making[19]. - The company is focused on strengthening its governance structure by appointing independent directors with relevant industry experience[20]. - The board consists of three independent non-executive directors with significant qualifications in accounting, finance, and law, providing essential support for the board's responsibilities[71]. - The board has adopted a diversity policy to enhance its composition, considering factors such as gender, age, cultural background, and professional experience[74]. - The nomination committee will review the board's diversity policy to ensure its ongoing effectiveness[75]. Financial Position and Ratios - As of December 31, 2019, the company's cash and cash equivalents were approximately RMB 64,766,000, down from RMB 96,446,000 in 2018[35]. - The current ratio as of December 31, 2019, was approximately 3.79, compared to 4.58 in 2018[35]. - Non-current assets decreased to RMB 14,374 thousand in 2019 from RMB 41,749 thousand in 2018, representing a decline of 65.6%[54]. - Current assets decreased to RMB 173,665 thousand in 2019 from RMB 260,623 thousand in 2018, a decrease of 33.4%[54]. - Net current assets stood at RMB 127,790 thousand in 2019, down from RMB 203,697 thousand in 2018, reflecting a decline of 37.2%[54]. - Total assets less current liabilities decreased to RMB 142,164 thousand in 2019 from RMB 245,446 thousand in 2018, a drop of 42.1%[54]. - The return on equity (ROE) was -53.84% in 2019, compared to -14.60% in 2018, indicating a significant deterioration in profitability[54]. - The return on assets (ROA) was -42.46% in 2019, down from -11.83% in 2018, highlighting a decline in asset efficiency[54]. - The current ratio was 378.56% in 2019, a decrease from 457.83% in 2018, indicating a reduction in liquidity[54]. - Accounts receivable turnover days improved to 77.64 days in 2019 from 122.23 days in 2018, suggesting better collection efficiency[54]. - Inventory turnover days increased to 4.37 days in 2019 from 3.35 days in 2018, indicating a slower inventory turnover[54]. - Total equity attributable to equity holders decreased to RMB 69,628 thousand in 2019 from RMB 151,499 thousand in 2018, a decline of 54.0%[54]. Risk Management and Compliance - The group has established a risk management program to identify and manage risks, aiming to achieve strategic and financial objectives[110]. - An external consultant was hired to review the risk management and internal control systems, with no significant deficiencies found during the year[114]. - The group conducts annual risk assessments to identify existing or potential risks that may impact business objectives[111]. - The board believes that the risk management and internal control systems are reasonably effective and sufficient for the year ended December 31, 2019[114]. - The company faced risks related to macroeconomic fluctuations in China and Hong Kong, impacting business and profit growth[190]. - There were no significant legal or regulatory violations affecting the business operations during the reporting period[192]. Environmental and Social Responsibility - The environmental, social, and governance report outlines the group's performance in corporate social responsibility, focusing on significant business activities in China[118]. - The group has implemented policies to manage and monitor risks related to environmental, employment, operational practices, and community[121]. - The company aims to implement measures to record and reduce non-hazardous waste in the coming year, enhancing its waste management strategy[145]. - The company has complied with environmental regulations, with no known violations reported during the reporting period[137]. - The total greenhouse gas emissions amounted to 40.53 tons of CO2 equivalent, a decrease from 72.24 tons in 2018, representing a reduction of approximately 44%[141]. - Nitrogen oxides (NOx) emissions in 2019 were recorded at 2.09 kg, down from 2.17 kg in 2018, indicating a reduction of about 3.7%[139]. - Sulfur dioxide (SO2) emissions decreased from 0.69 kg in 2018 to 0.46 kg in 2019, reflecting a reduction of approximately 33.3%[139]. - The company reported no hazardous waste generated from its operations in 2019, focusing on minimizing environmental impact through various waste reduction measures[145]. - The intensity of greenhouse gas emissions in China was 0.025 tons of CO2 equivalent per square meter in 2019, compared to 0.051 tons in the previous year, showing a significant improvement[141]. - The company has committed to enhancing its environmental sustainability practices, despite its operations not having a significant impact on the environment[135]. - Total energy consumption in 2019 was 110.75 million kWh, a decrease from 143.44 million kWh in 2018, representing a reduction of approximately 22.7%[150]. - Water consumption in 2019 totaled 2,570.11 cubic meters, down from 2,922.72 cubic meters in 2018, indicating a decrease of about 12%[152]. - The company aims to continue reducing environmental impact through policies that minimize air pollutants and greenhouse gas emissions[153]. - The company provided reusable glass cups instead of paper cups to reduce paper waste[146]. Employee and Community Engagement - Employee turnover rate for 2019 was 42%, significantly higher than 22% in 2018, with male turnover at 38% and female turnover at 54%[163]. - The percentage of trained employees in 2019 was 28% for males and 15% for females, with an average training hours of 10 for males and 4 for females[168]. - The total number of employees at the end of the reporting period was 116, with a gender distribution of 77% male and 23% female[157]. - The company encourages employees to participate in resource conservation activities and promotes energy and water-saving measures[147]. - The company is dedicated to community investment, providing employment opportunities and promoting local economic development[176]. - The company has not recorded any work-related fatalities or lost workdays due to occupational injuries[181]. - The company has implemented measures to review recruitment practices to avoid child and forced labor[181]. - The company has a strict anti-corruption policy and has not faced any lawsuits related to corruption during the reporting period[175].

Financial Performance - The company reported a revenue of RMB 40,483,000 for the six months ended June 30, 2019, a decrease of 51.5% compared to RMB 83,480,000 in the same period of 2018[9]. - Gross profit for the same period was RMB 8,407,000, down 34.5% from RMB 12,904,000 year-on-year[9]. - The company incurred a loss of RMB 18,423,000 for the period, compared to a loss of RMB 12,110,000 in the previous year, representing a 52.5% increase in losses[9]. - Basic and diluted loss per share remained at RMB (0.02) for both periods[9]. - The company reported a total comprehensive loss of RMB 18,498,000 for the period, compared to RMB 12,908,000 in the previous year, indicating a 43.2% increase in comprehensive losses[11]. - The reported segment loss before tax for the six months ended June 30, 2019, was RMB (16,551) thousand, compared to a loss of RMB (8,944) thousand for the same period in 2018, indicating a deterioration in performance[54]. - The company reported a pre-tax loss of RMB 12,404,000 for the six months ended June 30, 2019, compared to a loss of RMB 8,321,000 for the same period in 2018[72]. - The group’s total comprehensive loss for the six months ended June 30, 2019, was RMB (18,423) thousand, compared to RMB (12,077) thousand for the same period in 2018[54]. Assets and Liabilities - Total assets decreased to RMB 233,961,000 as of June 30, 2019, from RMB 260,623,000 as of December 31, 2018, reflecting a decline of 10.2%[14]. - The company's net current assets decreased to RMB 181,260,000 from RMB 203,697,000, a reduction of 11.0%[14]. - The total equity attributable to equity holders of the company decreased to RMB 138,988,000 from RMB 151,499,000, a decline of 8.3%[16]. - Total assets decreased to RMB 281,574,000 as of June 30, 2019, from RMB 302,372,000 as of December 31, 2018, reflecting a decline of 6.9%[57]. - Total liabilities decreased to RMB 54,626,000 as of June 30, 2019, from RMB 56,926,000 as of December 31, 2018, a reduction of 4.0%[57]. - The company reported secured bank loans of RMB 13,000,000 as of June 30, 2019, down from RMB 24,000,000 as of December 31, 2018, indicating a reduction of about 45.8%[96]. - The company’s total borrowings as of June 30, 2019, amounted to RMB 17,396,000, compared to RMB 28,390,000 as of December 31, 2018, representing a decrease of approximately 38.7%[94]. Cash Flow - For the six months ended June 30, 2019, the company reported a net cash outflow from operating activities of RMB 69,653 thousand, compared to RMB 15,328 thousand for the same period in 2018, indicating a significant increase in cash usage[21]. - The company experienced a net decrease in cash and cash equivalents of RMB 83,536 thousand for the six months ended June 30, 2019, compared to a decrease of RMB 14,905 thousand in the prior year[21]. - As of June 30, 2019, the company's cash and cash equivalents stood at RMB 12,840 thousand, down from RMB 108,366 thousand at the end of June 2018[21]. - The company’s financing activities resulted in a net cash outflow of RMB 11,418 thousand for the six months ended June 30, 2019, compared to a net inflow of RMB 1,522 thousand in the same period of 2018[21]. - The company’s investment activities led to a net cash outflow of RMB 2,465 thousand for the six months ended June 30, 2019, compared to RMB 1,099 thousand in the previous year[21]. Revenue Sources - Revenue from external customers in China was RMB 39,739,000, down 52.0% from RMB 82,865,000 in the previous year[61]. - Software maintenance and other services generated revenue of RMB 38,524,000, down 50.5% from RMB 77,816,000 in the previous year[64]. - The decline in revenue was attributed to clients accelerating the transition from traditional databases to next-generation non-structured databases and intense competition in the software industry[128]. Operational Strategies - The company continues to explore new strategies for market expansion and product development to improve future performance[8]. - The company plans to improve the gross margin of its software maintenance services to enhance profitability despite the revenue decrease[130]. - The company aims to maintain competitiveness by introducing new products and services and seeking suitable opportunities for business diversification[130]. - The company is focused on expanding its customer base in China and leveraging its experienced technical team to provide timely and effective services[130]. - The company is repositioning its products to reduce sales costs and sustain long-term development and value preservation[130]. Governance and Compliance - The company has adopted the corporate governance code and has complied with all relevant provisions, except for specific deviations noted in the report[146]. - The audit committee consists of three independent non-executive directors and is responsible for reviewing and supervising financial reporting procedures[149]. - The company secretary appointed on April 2, 2019, is not an employee of the company, but a contact person has been designated to ensure compliance with relevant procedures[148]. Employee and Shareholder Information - The company employed 133 full-time employees as of June 30, 2019, compared to 134 employees as of June 30, 2018[126]. - As of June 30, 2019, major shareholders included China Taiping Insurance Holdings Company Limited, holding 38.72% of the issued shares[137]. Other Financial Information - The company has not applied any new standards, amendments, or interpretations that have not yet come into effect during the reporting period[26]. - The company has not recognized any impairment losses on goodwill as of June 30, 2019[79]. - The company had no significant investments or acquisitions during the six months ended June 30, 2019[122][123]. - There were no significant related party transactions during the reporting period[108]. - The company has not granted any stock options since the adoption of the stock option plan on May 26, 2016[142]. - During the six-month period ending June 30, 2019, the company and its subsidiaries did not purchase, sell, or redeem any of its listed securities[143].