香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 AM GROUP HOLDINGS LIMITED 秀商時代控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1849） 內幕消息： 預期二零二四年中期業績及二零二四年中期報告將於二零二四年全年業績刊發後刊 發，而二零二四年全年業績將延遲至二零二五年三月後刊發。 (1)可能延遲刊發二零二四年中期業績及寄發二零二四年中期報告；及 (2)繼續暫停買賣 本公告由秀商時代控股有限公司（「本公司」，連同其附屬公司稱為「本集團」）董事 （「董事」）會（「董事會」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第 13.09(2)(a)及13.49(3)條以及香港法例第571章證券及期貨條例第XIVA部下的內幕 消息條文（定義見上市規則）作出。 謹此提述本公司日期分別為二零二四年十二月二十三日及二零二五年一月十七日的 公告，內容有關（其中包括）(a)復牌指引；及(b)業務營運的季度最新 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 AM GROUP HOLDINGS LIMITED 秀商時代控股有限公司 繼續暫停買賣 （於開曼群島註冊成立的有限公司） （股份代號：1849） 內幕消息： (A)額外復牌指引；及 (B)繼續暫停買賣 本公告由秀商時代控股有限公司（「本公司」，連同其附屬公司統稱為「本集團」）根據 香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）第13.09(2)(a)條及 香港法例第571章證券及期貨條例第XIVA部發表。 謹此提述(a)本公司日期為二零二四年十二月二十三日的公告，內容有關（其中包括） 復牌指引；(b)本公司日期為二零二四年九月二十三日、二零二四年九月二十四日及 二零二四年九月三十日的公告，內容有關（其中包括）(i)延遲刊發二零二四年全年業 績及二零二四年年報；及(ii)延期舉行本公司股東週年大會；以及(c)本公司日期為 二零二四年十月十日的公告，內容有關（其中包括）張虹女 ...

（於開曼群島註冊成立的有限公司） （股份代號：1849） 香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 AM GROUP HOLDINGS LIMITED 秀商時代控股有限公司 有關業務營運的季度最新消息及復牌進度的 補充公告 本公告由秀商時代控股有限公司（「本公司」，連同其附屬公司統稱為「本集團」）根據 香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）第13.09(2)(a)條及 香港法例第571章證券及期貨條例第XIVA部發表。 謹此提述本公司日期為二零二四年十二月二十三日的公告（「第一份季度最新消息公 告」），內容有關（其中包括）(a)復牌指引；及(ii)業務營運的季度最新消息及復牌進 度。 謹此提述本公司日期為二零二四年九月二十三日、二零二四年九月二十四日及二零 二四年九月三十日的公告（連同第一份季度最新消息公告統稱為「該等公告」），內容 有關（其中包括）(i)延遲刊發二零二四年全年業績及二零二四年年報；及(i ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 AM GROUP HOLDINGS LIMITED 秀商時代控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1849） 內幕消息： (A)復牌指引；及 謹此提述本公司日期為二零二四年九月二十三日、二零二四年九月二十四日及二零 二四年九月三十日的公告（統稱為「該等公告」），內容有關（其中包括）(i)延遲刊發二 零二四年全年業績及二零二四年年報；及(ii)延期舉行本公司股東週年大會。除非另 有界定，否則本公告所用的專有詞彙具有該等公告所界定的相同涵義。 復牌指引 於二零二四年十二月二十三日，本公司收到一封由聯交所發出的函件，當中載有以 下關於恢復本公司股份買賣的復牌指引（「復牌指引」）： – 1 – (a) 發佈上市規則所規定的所有未發佈財務業績，並處理任何審核修改； (b) 證明在管理層及╱或任何對本公司管理及營運具有重大影響力的人士的誠信、 能力及╱或品格方面並無可能對投資者構 ...

Financial Performance - The group's revenue for the six months ended December 31, 2023, was SGD 15.1 million, a decrease of 36.3% compared to the same period last year[8]. - Gross profit for the reporting period was SGD 3.7 million, down 44.4% year-on-year[9]. - The loss for the period was SGD 0.2 million, a reduction of 107.6% compared to the previous year, primarily due to decreased revenue from online platform management services and creative and technical services[10]. - The gross margin decreased from approximately 28% to 25%[10]. - The total comprehensive loss for the period was SGD 0.271 million, compared to a comprehensive income of SGD 0.733 million in the previous year[12]. - The company reported a loss of SGD (399,000) for the six months ended December 31, 2023, compared to a profit of SGD 1,608,000 in the same period last year[25]. - The total comprehensive income for the period was SGD 507,000, down from SGD 733,000 in the previous period[25]. - The group's profit decreased by 107.6% to a loss of approximately SGD 0.2 million for the reporting period, compared to a profit of SGD 2.1 million for the six months ended December 31, 2022, primarily due to challenges in the macroeconomic environment in China and a decline in profits from creative and technical services[109]. Revenue Breakdown - The company's revenue for the six months ended December 31, 2023, was SGD 15,128,000, a decrease of 36.4% compared to SGD 23,740,000 for the same period in 2022[26]. - Search engine marketing services generated SGD 10,000,000, up from SGD 9,219,000, reflecting a growth of 8.5%[26]. - Revenue from social media marketing services rose to SGD 790,000, a 25.4% increase from SGD 630,000 in the prior year[30]. - Revenue from online platform management services decreased significantly to SGD 3,144,000 from SGD 11,537,000, reflecting a decline of 72.7%[42]. - The subsidiary Majestic State International Limited (MSIL) experienced a significant revenue drop of approximately 73%, from SGD 11.5 million to SGD 3.1 million, due to challenging economic conditions in China[97]. - Revenue from search engine marketing services increased by approximately 8.5% to SGD 10 million, while creative and technical services revenue decreased by about 49.3% to SGD 1.2 million[99]. Assets and Liabilities - Non-current assets totaled SGD 18.1 million as of December 31, 2023, compared to SGD 17.9 million as of June 30, 2023[14]. - Current assets increased to SGD 45.4 million from SGD 44.4 million[14]. - Current liabilities rose to SGD 23.6 million from SGD 22.1 million, resulting in a net current asset value of SGD 21.7 million[14]. - The total equity attributable to the owners of the company was SGD 31.97 million, down from SGD 32.46 million[14]. - The total cash and bank balances decreased to SGD 13,883,000 as of December 31, 2023, compared to SGD 14,739,000 as of June 30, 2023[78]. - Trade receivables as of December 31, 2023, were SGD 19,635,000, down from SGD 20,131,000 as of June 30, 2023, reflecting a decrease of approximately 2.5%[73]. - Trade payables increased to SGD 13,129,000 as of December 31, 2023, from SGD 12,050,000 as of June 30, 2023, representing an increase of approximately 8.9%[79]. - Contract liabilities rose to SGD 4,207,000 as of December 31, 2023, compared to SGD 3,903,000 as of June 30, 2023, indicating an increase of approximately 7.8%[81]. Cash Flow and Expenses - The operating cash flow before changes in working capital was SGD 582,000, significantly lower than SGD 4,534,000 in the previous period[18]. - The net cash used in operating activities was SGD (57,000), compared to a net cash inflow of SGD 3,993,000 in the prior period[19]. - General and administrative expenses decreased from approximately SGD 4.2 million to SGD 3.5 million, mainly due to a reduction in employee costs at MSIL[103]. - The company incurred general and administrative expenses of SGD 3,477,000, compared to SGD 4,213,000 in the previous year, indicating a reduction of 17.5%[42]. - Financial costs fell by approximately 46.2% from SGD 130,000 to SGD 70,000, primarily due to reduced interest on lease liabilities[105]. Shareholder Information - The company declared no interim dividend for the six months ended December 31, 2023, consistent with the previous year[10]. - The company did not declare an interim dividend for the six months ended December 31, 2023, compared to no dividend declared in the same period of 2022[65]. - As of December 31, 2023, the company has a total of 800,000,000 shares issued, with significant holdings by directors and executives[130]. - Ms. Zhang holds 412,615,000 shares, representing 51.58% of the issued share capital, while Mr. Zhang holds 408,000,000 shares, representing 51.00%[130]. - Mr. Kevin Yang holds 40,050,000 shares, which is 5.01% of the total issued shares[132]. Governance and Compliance - The company has adopted the corporate governance code as per the listing rules, ensuring high standards of governance[137]. - The audit committee, consisting of independent non-executive directors, oversees the financial reporting and risk management systems[141]. - The company confirms compliance with the standard code for securities transactions by all directors during the reporting period[140]. - The board believes that the current governance structure provides adequate checks and balances for decision-making[139]. - The group has adopted applicable accounting policies and standards for the unaudited condensed consolidated financial statements for the six months ended December 31, 2023[144]. Future Outlook - The company plans to continue focusing on online marketing services and e-commerce platform operations as part of its growth strategy[21]. - The company continues to explore opportunities for market expansion and new product development in the online marketing sector[39]. - The net proceeds from the IPO, amounting to approximately HKD 92 million, are planned to be utilized primarily for strengthening technical infrastructure and expanding business operations in Singapore, Malaysia, and China[123]. - The company continues to focus on emerging advertising platforms and invest in leading technologies to enhance performance and productivity[92].

Financial Performance - The group's revenue for the six months ended December 31, 2023, was SGD 15.1 million, a decrease of 36.3% compared to the same period last year[3]. - Gross profit for the reporting period was SGD 3.7 million, down 44.4% year-on-year[4]. - The loss for the period was SGD 0.2 million, a reduction of 107.6% compared to the previous year, primarily due to decreased revenue from online platform management services and creative and technical services[4]. - The gross margin decreased from approximately 28% to about 25%[4]. - Total comprehensive loss for the period was SGD 0.271 million, compared to a total comprehensive income of SGD 0.733 million in the previous year[6]. - For the six months ended December 31, 2023, the company reported a pre-tax profit of SGD 174,000, down from SGD 233,000 for the same period in 2022, representing a decrease of approximately 25.3%[12]. - The pre-tax profit for the six months ended December 31, 2023, was SGD 174,000, a decrease of 92.9% compared to SGD 2,452,000 in the same period of 2022[45]. - The company reported a net loss attributable to shareholders of SGD 399,000 for the six months ended December 31, 2023, compared to a profit of SGD 1,608,000 in the previous year[48]. - Basic and diluted loss per share for the period was SGD (0.05), compared to earnings of SGD 0.20 per share in the prior year[48]. Revenue Breakdown - Total revenue for the six months ended December 31, 2023, was SGD 15,128,000, a decrease of 36.4% compared to SGD 23,740,000 in the same period of 2022[22]. - Revenue from search engine marketing services increased to SGD 10,000,000 from SGD 9,219,000, reflecting a growth of approximately 8.5%[22]. - Revenue from online e-commerce platform operations decreased by 72.7%, from SGD 11.5 million to SGD 3.1 million, significantly impacting overall revenue[77]. - Revenue from creative and technical services decreased by approximately 49.3% to SGD 1.2 million for the reporting period, down from SGD 2.4 million for the six months ended December 31, 2022[78]. - Revenue from Singapore, the primary operating country, was SGD 11,182,000, a slight decrease of 2.9% from SGD 11,515,000 in the previous year[35]. Assets and Liabilities - Non-current assets as of December 31, 2023, totaled SGD 18.1 million, slightly up from SGD 17.9 million as of June 30, 2023[7]. - Current assets increased to SGD 45.4 million from SGD 44.4 million, driven by an increase in trade and other receivables[7]. - Total liabilities increased to SGD 23.6 million from SGD 22.1 million, with trade and other payables rising[8]. - The company's net assets as of December 31, 2023, were SGD 38.1 million, a slight decrease from SGD 38.4 million as of June 30, 2023[8]. - Trade receivables as of December 31, 2023, were SGD 19,635,000, slightly down from SGD 20,131,000 as of June 30, 2023[51]. - Contract liabilities increased to SGD 4.2 million as of December 31, 2023, from SGD 3.9 million at the end of June 2023[62]. - Trade payables rose to SGD 13.1 million as of December 31, 2023, compared to SGD 12.1 million at the end of June 2023[60]. Cash Flow and Financing - The company's operating cash flow before changes in working capital was SGD 582,000, significantly lower than SGD 4,534,000 in the previous period, indicating a decline of about 87.2%[12]. - The company experienced a net cash outflow from operating activities of SGD 57,000, compared to a net cash outflow of SGD 3,993,000 in the previous period, showing an improvement[12]. - Cash and cash equivalents at the end of the period were SGD 13,883,000, a decrease from SGD 14,739,000 at the end of the previous period[14]. - The company incurred a net cash outflow from financing activities of SGD 520,000, compared to SGD 1,035,000 in the previous period, indicating a reduction in cash used for financing[14]. Corporate Governance and Compliance - The company has established an audit committee with a written terms of reference that complies with corporate governance codes[111]. - The company has implemented high standards of corporate governance to protect shareholder interests and enhance corporate value[105]. - The company is currently not in compliance with certain listing rules due to the resignation of an independent non-executive director and plans to appoint a new director within three months[108]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ended December 31, 2023, and found them to comply with applicable listing rules[112]. Employee and Compensation - As of December 31, 2023, the group had 86 employees, with total employee compensation amounting to approximately SGD 3.2 million for the reporting period[103]. - Total employee costs amounted to SGD 3,228,000, a decrease of 12.1% from SGD 3,674,000 in the previous year[46]. - The total employee compensation for the year ended June 30, 2023, was approximately SGD 8.4 million[103]. Future Outlook and Strategy - The company continues to focus on expanding its online marketing services and e-commerce platform operations, targeting both local and international brands[16]. - The company continues to invest in emerging advertising platforms and leading technologies to enhance performance and productivity[73]. - The remaining balance of approximately HKD 58.20 million from the net proceeds of the IPO is expected to be utilized by the fourth quarter of 2024, primarily for enhancing technical infrastructure[101].

Financial Performance - The total revenue for the fiscal year 2023 was SGD 48,201,000, a slight decrease of 0.04% compared to SGD 48,218,000 in fiscal year 2022[37]. - Gross profit for fiscal year 2023 was SGD 13,092,000, down 15.8% from SGD 15,552,000 in the previous year[37]. - The company reported a net loss of SGD 1,081,000 for fiscal year 2023, compared to a profit of SGD 1,901,000 in fiscal year 2022[37]. - The expected credit loss under the impairment model increased significantly to SGD 3,214,000 from SGD 327,000 in the previous year[37]. - The total comprehensive loss for the year was SGD 3,934,000, compared to a comprehensive income of SGD 1,836,000 in the previous year[37]. - Basic and diluted loss per share for fiscal year 2023 was SGD (0.2), compared to earnings of SGD 0.1 per share in fiscal year 2022[37]. - The company recorded a net loss attributable to equity shareholders of approximately SGD 1.6 million for the year ended June 30, 2023, compared to a profit of approximately SGD 1.1 million for the year ended June 30, 2022, primarily due to an increase in impairment losses under the expected credit loss model from SGD 0.4 million to SGD 3.4 million, a rise of approximately 750%[39][53]. - Total revenue remained stable at approximately SGD 48.2 million for both the year ended June 30, 2023, and the year ended June 30, 2022[43]. - Revenue from search engine marketing services slightly decreased by approximately 2.3% from SGD 19.5 million to SGD 19.1 million[43]. - Revenue from online e-commerce platform operations increased by approximately 1.5% from SGD 23.7 million to SGD 24.1 million, reflecting a slow recovery from COVID-19 in China[43]. - Social media marketing services revenue increased significantly by approximately 16.4% from SGD 1.3 million to SGD 1.5 million, attributed to successful targeted search engine optimization strategies[45]. Market Trends and Strategic Focus - The company faced challenges in the 2023 fiscal year, including changes in market conditions, rising operating costs, and impairment losses, impacting profitability and financial performance[7]. - The core service of search engine marketing in Singapore and Malaysia slightly shrank, reflecting a shift in consumer preferences towards social media marketing services[8]. - Social media marketing services saw significant growth of 16.4%, enhancing clients' online visibility and improving their reach to target customers[8]. - The company has expanded its market presence beyond Singapore, Malaysia, and China to various commercial hubs across Asia, aiming to capture growth opportunities in emerging markets[34]. - The company has diversified its service offerings, including expanding into social media platforms like Douyin[34]. - The company plans to leverage its established foundation and expertise to drive sustainable growth and success in the coming year[34]. - Future outlook includes a focus on innovation, embracing emerging trends, and exploring opportunities in artificial intelligence and fintech[9]. - The company plans to continue investing in teams, technology, and infrastructure to maintain its leading position in the industry[9]. Corporate Governance and Management - The board consists of seven directors, with non-executive and independent non-executive directors accounting for 57% of the board members[85]. - The company held at least four board meetings in the fiscal year, with all directors attending the annual general meeting[92]. - Independent non-executive directors have confirmed their independence in accordance with listing rules, ensuring compliance with governance standards[89]. - The company encourages continuous professional development for all directors, with various training activities undertaken during the fiscal year[90]. - The board is responsible for overseeing the group's operations and financial performance, ensuring effective internal controls and risk management systems[84]. - The company has established several board committees to monitor operational and financial performance[84]. - The chairperson and CEO, Ms. Zhang, is a sibling of executive director Mr. Zhang, ensuring a balance of independence and oversight[86]. - The board has a strong independent element, allowing for effective independent judgment in decision-making[84]. - The company has a structured approach to board meetings, providing adequate notice and documentation to facilitate informed decision-making[91]. - The board's composition meets the regulatory requirement of having at least three independent non-executive directors[88]. - The board has adopted a diversity policy and aims to maintain a balanced skill set and diverse perspectives among its members, with two female directors and two women in senior management positions as of June 30, 2023[95]. - The board's independent mechanism ensures strong independent elements and the absence of conflicts of interest among independent non-executive directors, who do not hold cross-directorships or significant connections with other companies[97]. - The audit committee held two meetings during the year, reviewing the company's annual performance and internal control procedures[105]. - The remuneration committee conducted three meetings to review the compensation of directors and senior management, providing recommendations for approval[108]. - The nomination committee is responsible for ensuring the board's composition aligns with governance standards, with three independent non-executive directors currently serving[110]. - The board believes the current arrangement of having the same individual serve as both chairperson and CEO is beneficial for the company and its shareholders[100]. - The board's diversity policy is reviewed annually to ensure its effectiveness and may be revised as necessary[95]. - The company is committed to maintaining gender diversity in its recruitment and selection processes for employees[96]. - The board has established three committees: the audit committee, remuneration committee, and nomination committee, to oversee specific areas of the company's affairs[101]. - The Nomination Committee held three meetings during the year to review the composition of the board and assess the independence of non-executive directors[114]. Social Responsibility and Employee Engagement - The company is committed to corporate social responsibility, actively engaging in various social and environmental initiatives while striving for financial revenue[9]. - The company donated approximately SGD 13,711 during the fiscal year 2023 for charitable activities, significantly up from SGD 300 in the previous fiscal year[180]. - Employee development is emphasized, with training programs and team-building activities organized to enhance overall efficiency and employee loyalty[169]. - The company has 94 employees as of June 30, 2023, down from 125 employees in the previous year, with total employee compensation around SGD 8.4 million[74]. - As of June 30, 2023, the gender ratio of employees (including senior management) is 36.2% male and 63.8% female, indicating a commitment to gender diversity[96]. Risk Management and Compliance - The company has established procedures for handling and disclosing inside information in compliance with relevant regulations[138]. - The company has implemented a whistleblower policy to maintain high standards of transparency and accountability[124]. - The company regularly reviews and updates its anti-corruption and whistleblower policies to comply with applicable laws and industry best practices[123][125]. - The board of directors is responsible for evaluating and determining the nature and extent of risks acceptable to the company in achieving strategic objectives[136]. - An independent internal control consultant was appointed to assess the internal control system, including financial, operational, and compliance monitoring[136]. - The board believes that the risk management and internal control systems are adequate and effective, with annual reviews planned[137]. - The group has not identified any significant violations of relevant laws and regulations concerning its business operations[166]. - The group faces foreign currency risk due to contracts signed in RMB, with no current foreign currency hedging policy in place[162]. - The company acknowledges the potential adverse impacts of social, political, economic, and legal developments in China on its business and operating performance[163]. Future Plans and Investments - The company has committed but unallocated capital expenditures of SGD 1,903,000 for technology infrastructure development in 2023, slightly up from SGD 1,885,000 in 2022[72]. - The company plans to allocate funds primarily towards strengthening its technological infrastructure due to the time required to identify suitable alternative suppliers[191]. - The net proceeds from the listing amount to approximately HKD 92 million, with planned uses including strengthening technical infrastructure and acquiring a website development and hosting company[186]. - The company plans to utilize HKD 58.2 million (63.3% of net proceeds) for strengthening technical infrastructure, with expected utilization by Q4 2024[186]. - An additional HKD 26.2 million (28.5% of net proceeds) is allocated for the acquisition of a website development and hosting company in Johor Bahru, Malaysia[186]. Shareholder Communication and Engagement - Shareholders can propose motions for discussion at the annual general meeting by submitting written requests to the board or company secretary[145]. - The group has conducted a review of its shareholder communication activities and is satisfied with the implementation and effectiveness of its communication policy[154]. - The group has implemented and announced its fair disclosure policy, committing to widely and publicly disclose information through financial reports and the company's website[31]. - The group strictly prohibits the unauthorized use of confidential or insider information[31]. - The group has established procedures to respond to external inquiries regarding its affairs, with only executive directors authorized to communicate with individuals outside the group[31].

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。 AM GROUP HOLDINGS LIMITED 秀 商 時 代 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1849） 截至二零二三年六月三十日止年度 全年業績公告 財務摘要 收益 與截至二零二二年六月三十日止年度約48.2百萬新加坡元比較，截至二零二三年六月 三十日止年度的總收益維持穩定，約為48.2百萬新加坡元。來自附屬公司的收益與去 年比較亦同樣保持平穩。 毛利率 總體毛利率由截至二零二二年六月三十日止年度約32.3%下跌約5.1%至截至二零二三 年六月三十日止年度的27.2%，主要是由於直接人力成本上升令服務成本上升所致。 權益股東應佔虧損 截至二零二三年六月三十日止年度，本公司權益股東應佔虧損約為1.6百萬新加坡元， 而截至二零二二年六月三十日止年度則為本公司擁有人應佔純利約1.1百萬新加坡元， ...

Financial Performance - The group's revenue for the reporting period was SGD 23.7 million, a decrease of 30% compared to the same period last year[8]. - Gross profit for the reporting period was SGD 6.7 million, down 42.2% year-on-year[9]. - Profit for the period was SGD 2.1 million, a decline of 63% compared to the previous year, primarily due to a decrease in revenue from online platform management services from approximately SGD 21.0 million to SGD 11.5 million[10]. - The gross profit margin decreased from approximately 34% to 28%[10]. - The total comprehensive income for the period was SGD 733,000, significantly lower than SGD 5.9 million in the previous year[12]. - Basic and diluted earnings per share were SGD 0.20, down from SGD 0.55 in the previous year[12]. - The company reported a profit of SGD 1,608,000 for the six months ended December 31, 2022, a decrease of 64.7% from SGD 4,434,000 in the previous year[19]. - The total comprehensive income for the six months ended December 31, 2022, was SGD 507,000, significantly lower than SGD 4,662,000 for the same period in 2021[19]. - The group reported a total segment profit of SGD 6,731,000 for the six months ended December 31, 2022, down 42.3% from SGD 11,586,000 in the same period of 2021[43]. - The company reported a net profit of SGD 1.61 million for the six months ended December 31, 2022, down 63.8% from SGD 4.43 million in the same period of 2021[67]. Revenue Breakdown - The company's revenue for the six months ended December 31, 2022, was SGD 23,740,000, a decrease of 30.3% compared to SGD 34,026,000 for the same period in 2021[28]. - Revenue from search engine marketing services was SGD 9,219,000, down 8.3% from SGD 10,055,000 in the previous year[43]. - Revenue from online platform management services was SGD 11,537,000, a significant decrease from SGD 20,994,000 in the prior year, representing a decline of 45.0%[46]. - Revenue from Singapore decreased to SGD 11.52 million, down 7.3% from SGD 12.42 million year-on-year[50]. - Revenue from China significantly dropped to SGD 11.54 million, a decline of 45.0% compared to SGD 20.99 million in the previous year[50]. - The online e-commerce platform operations revenue dropped significantly by 45.0% to SGD 11.5 million, down from SGD 21.0 million in the previous year, representing 48.6% of total revenue[102]. Assets and Liabilities - Non-current assets decreased from SGD 27.6 million to SGD 19.0 million[16]. - Current assets increased from SGD 43.7 million to SGD 56.2 million, with cash and cash equivalents rising from SGD 12.3 million to SGD 16.4 million[16]. - Total liabilities increased from SGD 26.0 million to SGD 29.6 million[16]. - The company's equity attributable to owners increased from SGD 36.6 million to SGD 37.1 million[16]. - The company's total equity as of December 31, 2022, was SGD 43,079,000, an increase from SGD 40,233,000 at the end of the previous reporting period[19]. - Trade receivables increased to SGD 27,081,000 as of December 31, 2022, from SGD 18,370,000 as of June 30, 2022, representing a growth of 47%[74]. - The total amount of trade and other receivables reached SGD 39,814,000 as of December 31, 2022, compared to SGD 31,421,000 as of June 30, 2022, indicating a 27% increase[80]. - Trade payables rose to SGD 21,194,000 as of December 31, 2022, from SGD 17,358,000 as of June 30, 2022, reflecting a 22% increase[80]. - Contract liabilities decreased to SGD 4,187,000 as of December 31, 2022, from SGD 4,976,000 as of June 30, 2022[82]. Cash Flow and Financing - The operating cash flow before changes in working capital for the six months ended December 31, 2022, was SGD 2,485,000, down from SGD 7,006,000 in the previous year, reflecting a decline of 64.5%[20]. - The net cash used in operating activities for the six months ended December 31, 2022, was SGD 3,815,000, compared to a net cash inflow of SGD 5,324,000 in the same period of 2021[21]. - The company’s financing activities resulted in a net cash outflow of SGD 220,000 for the six months ended December 31, 2022, compared to an outflow of SGD 1,137,000 in the previous year[21]. - The company’s total bank borrowings amounted to SGD 2.7 million as of December 31, 2022, an increase from SGD 2.3 million as of June 30, 2022[19]. - Financial costs increased to SGD 130,000, compared to SGD 36,000 in the previous year, primarily due to higher interest expenses[58]. Strategic Focus and Future Outlook - The company plans to continue focusing on online marketing services and e-commerce platform operations as part of its growth strategy[23]. - The company expects MSIL to benefit from the easing of COVID-19 restrictions in China, which is anticipated to significantly improve its performance in the coming year[96]. - The company is actively seeking new IT service providers to enhance its technological infrastructure and develop platforms A and B[99]. - The subsidiary AMPL is enhancing its expertise in emerging advertising platforms to adapt to changing customer preferences and maintain a competitive edge[97]. - The company plans to allocate funds primarily towards enhancing technical infrastructure, which is deemed crucial for future development in the rapidly changing online marketing industry[130]. Corporate Governance and Management - The board has adopted the corporate governance code and complied with all applicable provisions, except for the separation of roles between the chairman and CEO[142]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended December 31, 2022[148]. - The company has appointed Mr. Lin Wei Bin as an independent non-executive director and chairman of the audit committee, effective November 29, 2022[149]. - The company expresses gratitude to shareholders, business partners, and customers for their continuous support during the reporting period[150].

Financial Performance - The overall revenue for the fiscal year 2022 increased compared to the fiscal year 2021, reflecting improved market conditions due to the easing of COVID-19 restrictions in Singapore and Malaysia [11]. - Revenue from the subsidiary in China, Majestic State International Limited, declined due to strict COVID-19 policies and a shift in focus from marketing services to enhancing technology and platform services [12]. - The company's revenue for the year ended June 30, 2022, was approximately SGD 48.2 million, a decrease of 11.4% from SGD 54.4 million for the year ended June 30, 2021 [39]. - The net profit attributable to the company's owners for the year ended June 30, 2022, was approximately SGD 1.1 million, down from SGD 7.7 million for the year ended June 30, 2021, primarily due to the impact of the COVID-19 pandemic in China [43]. - The gross profit for the year ended June 30, 2022, was SGD 15.6 million, compared to SGD 17.9 million for the previous year [39]. - The company recorded a loss of SGD 1.9 million in goodwill impairment for the year ended June 30, 2022 [39]. - Total profit for the year decreased by 79.8% to approximately SGD 1.9 million in FY2022 from SGD 9.4 million in FY2021, primarily due to losses recorded by the MSIL subsidiary [59]. - The total equity increased from approximately SGD 40.5 million in FY2021 to SGD 42.3 million in FY2022, indicating relative stability [60]. Operational Strategy - The company plans to strengthen its services and customer base in Singapore and Malaysia while exploring new business opportunities and seeking new software development service providers [13]. - The company aims to streamline operations and consolidate the business of Majestic State to gradually restore its revenue and profitability [13]. - The company expressed optimism for growth in the coming year, anticipating a robust development trajectory [13]. - The company is committed to cost reduction measures to improve overall performance and explore new market opportunities [13]. - The management team is focused on expanding the customer base into new industries and enhancing brand development [19]. - The company is focused on market expansion and strategic partnerships to enhance its operational capabilities and market presence [21]. - The company plans to continue expanding its services and diversifying its offerings to create higher value for customers and shareholders [34]. Revenue Breakdown - The online marketing services contributed to the total revenue, with search engine marketing services generating SGD 19.5 million (40.5% of total revenue), creative and technical services SGD 3.7 million (7.6%), social media marketing services SGD 1.3 million (2.8%), and online e-commerce platform operations SGD 23.7 million (49.1%) [45]. - The contribution of the MSIL group to the total revenue decreased from 57.1% in the previous year to 49.1% in the current year, reflecting a significant decline in its online e-commerce platform operations revenue [45]. - Search engine marketing services revenue slightly increased by 1.0% from SGD 19.3 million in FY2021 to SGD 19.5 million in FY2022 [46]. - Creative and technical services revenue surged by approximately 49.1% from SGD 2.5 million in FY2021 to SGD 3.7 million in FY2022, driven by special commission incentives for sales personnel in Singapore and Malaysia post-COVID-19 [46]. - Online e-commerce platform revenue from the MSIL group decreased by about 23.7% from SGD 31.1 million in FY2021 to SGD 23.7 million in FY2022 due to COVID-19 impacts in China [46]. Governance and Management - The company has established a series of business cooperation agreements with its wholly-owned subsidiary, which allows it to maintain effective control over its operations and enjoy economic benefits from its business and assets [21]. - The management team has over 15 years of experience in various sectors including tourism, life services, healthcare, and supply chain financing, indicating strong industry expertise [21]. - The company has a strong leadership team with significant experience in marketing and business management, with one member having approximately 20 years of experience in various industries [22]. - The financial director has over 12 years of experience in accounting and financial management, ensuring robust financial oversight [29]. - The digital marketing director has around 11 years of experience in managing online marketing activities, highlighting the company's focus on digital strategies [29]. - The board includes independent directors with extensive experience in finance, accounting, and legal matters, enhancing governance and oversight [25][26]. - The company is committed to high standards of corporate governance to protect shareholder interests and enhance corporate value [79]. Employee and Stakeholder Relations - The company acknowledges the support from shareholders, employees, customers, and business partners in its growth journey [15]. - The group has a total of 125 employees as of June 30, 2022, down from 173 employees in the previous year, with total employee compensation amounting to approximately SGD 8.5 million, compared to SGD 7.4 million in the prior year [74]. - The company has a significant focus on employee development, conducting training to keep staff updated on industry trends and product information [157]. Risk Management and Compliance - The company emphasizes the importance of risk management and internal control systems, ensuring adequate resources and training for staff involved in financial reporting [102]. - The company has established a whistleblowing policy to allow employees and stakeholders to report concerns regarding misconduct, ensuring fair and independent investigations [105]. - The company is committed to maintaining the independence and objectivity of external auditors, reviewing their performance and considering changes when necessary [102]. - The board of directors is responsible for evaluating and ensuring the effectiveness of the company's risk management and internal control systems, which were assessed by an independent consultant during the fiscal year [128]. Shareholder Information - The company encourages shareholders to propose agenda items for discussion at shareholder meetings [136]. - The company has a communication policy to ensure shareholders receive timely information [143]. - The company has adopted a dividend policy on November 11, 2019, allowing for the declaration of dividends at the board's discretion [142]. - The company did not recommend any final dividend for the fiscal year ending June 30, 2022 [160]. Corporate Social Responsibility - The company has implemented various environmental measures to reduce energy consumption and waste [154]. - The company made donations of approximately SGD 300 in the fiscal year 2022, a decrease from SGD 3,100 in the previous fiscal year [167].