Financial Performance - The company reported revenue of approximately HKD 197.6 million for the year ended April 30, 2021, an increase of about HKD 44.7 million or 29.3% compared to approximately HKD 152.9 million for the year ended April 30, 2020[21]. - Profit attributable to the owners of the company was approximately HKD 4.9 million, a significant increase of approximately HKD 25.6 million or 123.7% from a loss of approximately HKD 20.7 million for the previous year[11]. - Installation services revenue increased to approximately HKD 175.4 million, while maintenance services revenue rose to approximately HKD 22.1 million[21]. - Revenue from installation services increased by approximately 32.0% from about HKD 132.9 million for the year ended April 30, 2020, to about HKD 175.4 million for the year ended April 30, 2021[22]. - Revenue from maintenance services rose by approximately 12.2% from about HKD 19.7 million to about HKD 22.1 million during the same period[23]. - Total revenue for the year ended April 30, 2021, was approximately HKD 197.6 million, a growth from about HKD 152.9 million in the previous year, representing an increase of about 29.3%[24]. - Gross profit increased by approximately 180.6% from about HKD 9.8 million to about HKD 27.5 million, with a gross margin rising to 13.9%[28]. - Other income for the year ended April 30, 2021, was approximately HKD 3.8 million, significantly up from about HKD 0.49 million in the previous year[29]. - Administrative expenses decreased by approximately 16.9% from about HKD 18.3 million to about HKD 15.2 million[33]. - The company recorded a net profit attributable to owners of approximately HKD 4.9 million for the year ended April 30, 2021[37]. Business Strategy and Expansion - The company aims to expand its business in the public sector and provide advanced fire safety systems for private buildings[12]. - The company plans to streamline the installation process of fire safety devices and enhance project planning, management, and execution standards[12]. - The company is actively seeking strategic and financial partners to explore potential opportunities for expansion into overseas markets[12]. - The company continues to enhance its investor and shareholder base to support its business and expansion plans[17]. - The company remains optimistic about the prospects of the fire safety services industry, leveraging its experienced management team and decades of project experience[14]. Corporate Governance - The board of directors consists of six members, including two executive directors and three independent non-executive directors, ensuring diverse expertise and oversight of the company's operations[88]. - The company held five board meetings during the fiscal year ending April 30, 2021, with all directors attending 100% of the meetings[91]. - The company is committed to good corporate governance practices, focusing on risk management, internal controls, and accountability to shareholders[86]. - The board has adopted the standard code of conduct for securities transactions, ensuring compliance with applicable regulations[87]. - The company has complied with all applicable provisions of the corporate governance code as of the report date, except for the separation of the roles of chairman and CEO[86]. - The board is responsible for major decision-making, including approving policies, business plans, and risk management strategies[88]. - The company emphasizes the importance of effective corporate governance as a foundation for creating shareholder value[86]. - The board regularly reviews the company's financial and operational performance to ensure alignment with strategic goals[94]. - The company has established a corporate governance function to review policies and ensure compliance with legal and regulatory requirements[95]. - All non-executive directors are subject to re-election at least every three years, promoting accountability and shareholder engagement[92]. - The company’s Chairman and CEO roles are held by the same individual, which the board deems appropriate for effective management and strategic planning[100]. - The company’s Nomination Committee is responsible for reviewing the board's composition and ensuring diversity in skills and experience[111]. - The company has established a training program for all directors to enhance their knowledge and skills, with participation in external courses[98]. - The Audit Committee is composed of three independent non-executive directors and one non-executive director, ensuring oversight of financial reporting and risk management[104]. - The company has adopted a nomination policy to enhance board diversity and efficiency[112]. - The company’s independent non-executive directors provide independent opinions on the group’s strategy and performance, safeguarding the interests of all shareholders[102]. - The company’s Remuneration Committee held two meetings during the year, with all members attending all meetings[108]. - The Risk Management Committee held four meetings during the fiscal year ending April 30, 2021, with all members attending all meetings[121]. - The company has established a comprehensive risk management and internal control system to manage risks associated with achieving its business objectives[127]. - The company secretary has over 15 hours of relevant professional training during the fiscal year ending April 30, 2021, ensuring compliance with corporate governance standards[131]. - The Nomination Committee held one meeting during the fiscal year ending April 30, 2021, with full attendance from all committee members[118]. - The company has adopted a board diversity policy to enhance the diversity of its board members, considering factors such as gender, age, and professional experience[117]. - The company has a policy in place to prevent the misuse of insider information and to manage potential conflicts of interest[128]. - The board is responsible for evaluating and determining the nature and extent of risks the company is willing to take to achieve its strategic objectives[127]. - The company has a structured process for identifying potential candidates for the board, ensuring a diverse and qualified selection[116]. - The company has committed to regular reviews of its nomination policy to ensure its effectiveness in maintaining board diversity[117]. Environmental and Social Responsibility - The total greenhouse gas (GHG) emissions from the company's Hong Kong office amounted to 19,308 kg in 2021, an increase from 18,902 kg in 2020[148]. - The total electricity purchased by the Hong Kong office was 30,647 kWh in 2021, compared to 30,003 kWh in 2020[148]. - The per employee GHG emissions decreased to 358 kg in 2021 from 378 kg in 2020, with 54 employees reported in 2021[148]. - The total paper usage for administrative purposes was 1.2849 tons in 2021, up from 1.011 tons in 2020, resulting in an increase in per employee paper usage from 20.2 kg to 26.2 kg[150]. - The company has established an environmental management system certified by ISO 14001:2015 to enhance environmental awareness and prevent pollution[144]. - The company promotes a paperless environment by implementing electronic communications and encouraging the use of recycled paper[152]. - The company emphasizes water conservation, with most water usage for basic cleaning and hygiene, and encourages employees to save water[153]. - The company has not reported any significant non-compliance cases related to health and safety as of April 30, 2021[159]. - The company adheres to strict labor standards, with no reported cases of child or forced labor as of April 30, 2021[163]. - The company has established a list of approved suppliers and subcontractors to ensure quality and compliance with ISO9001:2015 standards[164]. - The company has implemented internal guidelines to ensure employee health and safety, complying with OHSAS18001 and ISO45001:2018 standards[158]. - The company actively seeks opportunities to contribute to the community and improve the local living environment[170]. - The company has not received any complaints regarding non-compliance with anti-corruption laws as of April 30, 2021[169]. - The company provides ongoing training for employees to enhance their skills and meet corporate goals[162]. Operational Risks and Client Relationships - The company relies on non-recurring revenue sources, and a significant decline in project numbers could adversely affect its operational and financial performance[177]. - Approximately 47% of trade receivables from major clients have been settled as of April 30, 2021, with credit terms ranging from 30 to 60 days[181]. - The company has maintained a close and stable relationship with major clients, with no significant disputes reported during the fiscal year ending April 30, 2021[186]. - About 98% of trade payables to major suppliers have been settled as of the report date, with credit terms typically between 30 to 60 days[187]. - The company has not faced any significant disputes with major suppliers and subcontractors as of April 30, 2021[190]. - The company emphasizes the importance of employee retention and training, providing attractive compensation packages and continuous education programs[191]. - The company has not declared any final or interim dividends for the fiscal year ending April 30, 2021[193][194]. - The company aims to strengthen its market position in the fire safety industry in Hong Kong, actively participating in both public and private sector projects[184]. - The company faces risks related to reliance on suppliers and subcontractors, as well as potential labor shortages and legal disputes[182]. - The company has established a list of approved suppliers and subcontractors to ensure quality materials and services, with evaluations based on various criteria[187]. - The top five customers accounted for approximately 52.1% of total revenue, with the largest customer representing about 29.1% of total revenue[197]. - The top five suppliers and subcontractors contributed approximately 45% and 61% to the total service costs for the year, respectively[197]. - As of April 30, 2021, the company had distributable reserves of approximately HKD 46.1 million, which includes accumulated losses of about HKD 12.6 million and share premium of approximately HKD 58.6 million[200].

Financial Performance - Revenue reached approximately HKD 121.3 million for the six months ended October 31, 2020, an increase of 44.6% compared to HKD 83.9 million in the same period of 2019[5] - Profit for the six months ended October 31, 2020, was approximately HKD 14.9 million, representing an increase of about 273% from HKD 4.0 million in 2019[5] - Basic and diluted earnings per share for the six months ended October 31, 2020, were HKD 1.86, compared to HKD 0.50 in 2019[5] - The group reported a gross profit of HKD 19.931 million for the six months ended October 31, 2020, compared to HKD 14.383 million in the same period of 2019[10] - The company reported a profit before tax of HKD 2,787,000 for the six months ended October 31, 2020, compared to HKD 592,000 in the same period of 2019, indicating a substantial increase in profitability[36] - The profit attributable to the company's owners for the six months ended October 31, 2020, was HKD 4,023,000[40] - Other income recorded was approximately HKD 3.8 million for the six months ended October 31, 2020, significantly up from HKD 60,000 in the same period of 2019[74] Assets and Liabilities - Total assets less current liabilities as of October 31, 2020, were HKD 124.879 million, up from HKD 109.989 million as of April 30, 2020[13] - Net assets as of October 31, 2020, amounted to HKD 124.791 million, compared to HKD 109.906 million as of April 30, 2020[13] - Cash and cash equivalents as of October 31, 2020, were HKD 44.230 million, slightly down from HKD 44.880 million as of April 30, 2020[10] - Trade receivables increased to HKD 60.768 million as of October 31, 2020, from HKD 41.296 million as of April 30, 2020[10] - Trade receivables as of October 31, 2020, amounted to HKD 73.6 million, up from HKD 54.1 million as of April 30, 2020[46] Cash Flow - The net cash generated from operating activities for the six months ended October 31, 2020, was HKD 15,427,000, compared to a net cash used of HKD 9,304,000 in the same period of 2019, representing a significant improvement[18] - The net cash and cash equivalents at the end of the period were HKD 44,230,000, compared to HKD 20,274,000 at the end of the same period in 2019, showing a strong liquidity position[18] - The company’s financing activities resulted in a net cash outflow of HKD 31,357,000, compared to a net inflow of HKD 4,108,000 in the previous year, indicating changes in financing strategy[18] Revenue Breakdown - Revenue from design, supply, and installation services amounted to HKD 97,855,000, up from HKD 67,640,000, reflecting a growth of 44.7% year-over-year[30] - Revenue from installation services increased by approximately 44.8% to HKD 97.9 million for the six months ended October 31, 2020, compared to HKD 67.6 million for the same period in 2019[68] - Revenue from maintenance services rose by approximately 46.3% to HKD 23.4 million for the six months ended October 31, 2020, compared to HKD 16.0 million for the same period in 2019[70] - The increase in total revenue was primarily due to a rise in installation services and maintenance services, which increased by approximately HKD 97.9 million and HKD 24.4 million, respectively[65] Expenses - Administrative expenses decreased to HKD 6.156 million for the six months ended October 31, 2020, from HKD 9.449 million in 2019[10] - Administrative expenses decreased by approximately 35.0% to HKD 6.1 million for the six months ended October 31, 2020, down from HKD 9.4 million in the same period of 2019[77] Dividends - The group decided not to declare an interim dividend for the six months ended October 31, 2020[5] - The company did not declare any interim dividends for the six months ended October 31, 2020[43] - The board does not recommend the payment of dividends for the six months ended October 31, 2020, consistent with the previous year[103] - The company has no issued or proposed dividends since the end of the reporting period[44] Corporate Governance - The company has complied with the corporate governance code as per the listing rules, except for the separation of the roles of Chairman and CEO[124] - The audit committee, established on March 27, 2017, consists of three independent non-executive directors and one non-executive director, overseeing financial reporting and risk management[126] - The company has established a remuneration committee to review its compensation policies, considering operational performance and market practices[101] - The company aims to link executive compensation to performance to retain and motivate its directors[101] Strategic Initiatives - The company aims to explore suitable business opportunities to expand its service capabilities and is committed to taking on new installation and maintenance projects[62] - The company will continue to seek strategic and financial partners to assist in expanding its business and entering overseas markets[62] - The company has entered into a memorandum of understanding with AB Capital to explore strategic cooperation for business expansion and investment opportunities[95] Employee Information - The group employed 51 staff members as of October 31, 2020, with total employee costs amounting to approximately HKD 14.1 million, a decrease from HKD 15.6 million in 2019[101] - The company maintains a stock option plan to attract and retain experienced talent, although no options have been granted as of the report date[101] - No stock options were granted, exercised, canceled, or expired under the stock option plan for the six months ending October 31, 2020[123] Shareholding Structure - Standard Dynamic Enterprises Limited holds a 60.00% stake in the company, with 480,034,002 shares owned[112] - Smart Million (BVI) Limited, fully owned by Mr. Ma, holds a 15.00% stake in the company, with 119,965,998 shares owned[112] Compliance and Reporting - The interim report for the six months ending October 31, 2020, will be published on the company's and the stock exchange's websites, containing all required information[129] - The board and senior management have declared compliance with the standard code of conduct for securities trading as of October 31, 2020[102] - There were no significant transactions or arrangements involving directors or their related entities during the reporting period[116] - The company and its subsidiaries did not purchase, sell, or redeem any of its listed securities during the six months ended October 31, 2020[119]

Financial Performance - The group's revenue for the year ended April 30, 2020, was approximately HKD 152.9 million, a decrease of about HKD 95.4 million or 38.4% compared to approximately HKD 248.3 million for the year ended April 30, 2019[19]. - The loss attributable to owners of the company for the year ended April 30, 2020, was approximately HKD 20.7 million, a decrease of approximately HKD 39.8 million or 208.4% compared to a profit of approximately HKD 19.1 million for the year ended April 30, 2019[8]. - Total revenue for the year ended April 30, 2020, was approximately HKD 152.6 million, down from HKD 248.1 million in 2019, representing a decrease of about 38.4%[21]. - Gross profit decreased by approximately 75.4% from HKD 39.9 million to HKD 9.8 million, with a gross margin dropping to 6.4%[26]. - Administrative expenses increased by approximately 83.0% from HKD 10.0 million to HKD 18.3 million[30]. - Financial costs rose by approximately 300.0% from HKD 0.3 million to HKD 1.2 million due to normal operations requiring bank borrowings[32]. - The company recorded an annual loss attributable to owners of approximately HKD 20.7 million for the year ended April 30, 2020[34]. - Other income increased to approximately HKD 0.49 million in 2020 from HKD 0.07 million in 2019[27]. - The company’s financial performance and position as of April 30, 2020, are detailed in the consolidated financial statements on pages 58 to 59[185]. - The company’s accumulated losses and share premium indicate a need for careful financial management to ensure future dividend payments[187]. Revenue Breakdown - The decrease in revenue was primarily due to a reduction in installation services by approximately HKD 66.5 million and maintenance services by approximately HKD 28.9 million[19]. - Revenue from installation services decreased by approximately 33.4% from HKD 199.4 million in the year ended April 30, 2019, to HKD 132.9 million in the year ended April 30, 2020[20]. - Revenue from maintenance services fell by about 59.5% from HKD 48.6 million to HKD 19.7 million during the same period[23]. - The company's revenue is primarily derived from non-recurring items, and a significant decline in project numbers would adversely affect its operational and financial performance[166]. Business Strategy and Expansion - The company plans to continue expanding its business in the public sector and private buildings, focusing on advanced fire safety systems[9]. - The company is actively seeking strategic and financial partners to assist in expanding its business into overseas markets[9]. - The company aims to streamline the installation process and maintain high standards in project planning, management, and execution[9]. - The company remains optimistic about the prospects of the fire safety services industry, leveraging its experienced management team and project expertise[11]. - The company aims to strengthen its market position in the fire safety industry in Hong Kong, focusing on both public and private sector projects[172]. Corporate Governance - The board of directors consists of six members, including two executive directors and three independent non-executive directors, ensuring diverse expertise and oversight[77]. - The company held eight board meetings during the fiscal year ending April 30, 2020, with all directors attending all meetings, demonstrating strong governance practices[79]. - The company has adopted the corporate governance code and has complied with all applicable provisions, except for the separation of the roles of chairman and CEO[79]. - The company has established a corporate governance function to review policies and compliance with legal and regulatory requirements[83]. - The board is responsible for overseeing the company's business and overall performance, setting values and standards, and ensuring necessary financial and human resources are available[82]. Risk Management - The company has established a comprehensive risk management and internal control system to manage risks associated with achieving its business objectives[117]. - The Audit Committee is responsible for reviewing the financial reporting process and risk management systems[93]. - The company has a policy in place to prevent the misuse of insider information and to manage potential conflicts of interest[117]. Employee and Talent Management - The company continues to provide training for new and existing employees to enhance their technical knowledge, which is believed to improve productivity and efficiency[51]. - The company has adopted a share option scheme to attract and retain experienced talent, rewarding them for their contributions[52]. - The remuneration policy is based on employee performance and is reviewed regularly, with bonuses awarded at the discretion of the company based on profitability and employee performance[51]. - The company emphasizes employee training and development, providing courses to enhance skills and meet corporate goals[179]. Environmental and Social Responsibility - The company has established an environmental management system certified by ISO 14001:2015 to enhance environmental awareness[134]. - The company aims to achieve a paperless office through various initiatives, including the use of electronic communications[143]. - The company is committed to community engagement and seeks opportunities to contribute positively to local communities[160]. Shareholder Communication - The company is committed to ensuring effective communication between shareholders and the board through annual general meetings and special general meetings[122]. - The board is committed to maintaining high transparency and providing accurate, clear, and timely information to investors through annual reports and other communications[128].

Financial Performance - Revenue for the six months ended October 31, 2019, was approximately HKD 83.9 million, a decrease of 40.5% compared to HKD 141.1 million in 2018[15] - Profit for the same period was approximately HKD 4.0 million, down about 64.0% from HKD 11.1 million in 2018[15] - Basic and diluted earnings per share for the six months ended October 31, 2019, were HKD 0.50, compared to HKD 1.39 in 2018[15] - Gross profit for the period was HKD 14.4 million, down from HKD 22.6 million in 2018, reflecting a significant decline in sales[17] - The total revenue for the group in 2019 was HKD 83,865 thousand, compared to HKD 141,120 thousand in 2018, indicating a decrease of approximately 40.5%[54] - The group reported revenue from design, supply, and installation services of HKD 67,640 thousand in 2019, down from HKD 119,698 thousand in 2018, representing a decrease of approximately 43.5%[54] - Revenue from maintenance and repair services decreased to HKD 16,013 thousand in 2019 from HKD 21,343 thousand in 2018, a decline of about 25%[54] - The group recognized revenue at a point in time amounting to HKD 212 thousand in 2019, compared to HKD 79 thousand in 2018[54] - Revenue recognized over time was HKD 83,653 thousand in 2019, down from HKD 141,041 thousand in 2018, reflecting a decrease of about 40.5%[54] - The company's profit attributable to owners decreased from approximately HKD 11.1 million to HKD 4.0 million for the six months ended October 31, 2019[107] Dividends and Shareholder Returns - The company has resolved not to declare an interim dividend for the six months ended October 31, 2019[15] - The company did not recommend the declaration of an interim dividend for the six months ended October 31, 2019, consistent with no dividend declared in 2018[72] Assets and Liabilities - Total assets less current liabilities as of October 31, 2019, were HKD 134.7 million, compared to HKD 130.7 million as of April 30, 2019[21] - The company reported a net asset value of HKD 134.6 million as of October 31, 2019, an increase from HKD 130.6 million as of April 30, 2019[21] - Cash and cash equivalents decreased to HKD 20.3 million from HKD 25.8 million as of April 30, 2019[19] - The company's trade receivables as of October 31, 2019, amounted to HKD 42,772,000, an increase of 28.3% from HKD 33,349,000 as of April 30, 2019[79] - The company's trade payables as of October 31, 2019, were HKD 38,595,000, a slight increase from HKD 37,954,000 as of April 30, 2019[84] Cash Flow and Financing - The net cash used in operating activities for the six months ended October 31, 2019, was (HKD 9,304,000), an improvement from (HKD 12,189,000) in 2018, representing a decrease of approximately 23.5%[25] - The net cash used in investing activities was (HKD 308,000), compared to (HKD 6,000) in the previous year, indicating a significant increase in investment outflows[25] - Cash and cash equivalents decreased by (HKD 5,504,000) during the period, a notable improvement from a decrease of (HKD 18,765,000) in the same period last year[25] - The total cash and cash equivalents at the end of the period stood at HKD 20,274,000, up from HKD 13,716,000 in 2018, reflecting a year-on-year increase of approximately 47%[25] - The company repaid bank loans amounting to (HKD 33,457,000) during the period, with a significant increase in bank borrowings of HKD 38,637,000 compared to HKD 7,047,000 in the previous year[25] Administrative and Financial Costs - The company’s administrative expenses increased to HKD 9.4 million from HKD 8.3 million in the previous year[17] - The company’s financing costs rose to HKD 0.4 million from HKD 0.07 million in the previous year[17] - The company’s interest expense on lease liabilities for the period was HKD 26,000, with no comparable figure for the previous year[69] - Financial costs surged approximately 4.7 times to HKD 379,000 due to increased bank borrowing levels[105] Corporate Governance and Structure - The company has established an audit committee to oversee financial reporting and risk management processes[157] - The audit committee consists of three independent non-executive directors, ensuring oversight of financial practices[160] - The company has complied with the corporate governance code, except for the separation of the roles of chairman and CEO[155] - The board of directors includes a mix of executive and independent members, ensuring governance and oversight[161] - The company is led by Chairman and CEO Li Chengquan, highlighting the leadership structure[161] Strategic Developments - The company aims to identify strategic and financial partners to explore potential opportunities for business development and expansion into overseas markets[88] - The company has established a memorandum of understanding with All Blue Capital to assist in domestic and global business expansion[124] - The company conditionally agreed to acquire 100% of Greenleaf Enterprises Pte. Ltd, which is engaged in the trade and distribution of health and beauty products[116] - The company completed the acquisition of Greenleaf Enterprises Pte. Ltd. for USD 1.1 million on November 11, 2019[90] Employee and Shareholder Information - The total employee cost as of October 31, 2019, was approximately HKD 15.6 million, an increase from HKD 8.9 million in 2018[129] - The company employed 44 staff members as of October 31, 2019[129] - Major shareholders include Jin Ye with 52.51% ownership and Smart Million (BVI) Limited with 15.00% ownership[140] - The ownership structure indicates significant control by a few entities, with the top three shareholders holding over 82% of the total shares[140] Compliance and Reporting - The financial data presented is unaudited and prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring compliance with local regulations[28] - The report date is December 16, 2019, indicating the company's financial performance is being discussed at this time[161] - The document does not provide specific financial metrics or performance data, indicating a lack of detailed financial analysis in this excerpt[162] - There is no mention of user data, future outlook, or guidance in the provided content, suggesting a focus on governance rather than performance metrics[162] - No new products, technologies, market expansions, or mergers are discussed in the content, indicating a potential gap in strategic updates[162]

Financial Performance - The group recorded revenue of approximately HKD 248.3 million for the year ended April 30, 2019, representing an increase of approximately HKD 24.9 million or 11.1% compared to HKD 223.4 million for the year ended April 30, 2018[15]. - The profit attributable to the owners of the company was approximately HKD 19.1 million, with a net profit increase of approximately HKD 1.3 million or 5.4% from approximately HKD 24.1 million in the previous year[8]. - Gross profit increased by approximately 3.9% to about HKD 39.9 million for the year ended April 30, 2019, with a gross margin maintained at 17%[24]. - The company's attributable profit and total comprehensive income increased by approximately 5.4% to about HKD 25.4 million for the year ended April 30, 2019, excluding non-recurring listing expenses[29]. - Selling costs rose by approximately 12.6% to about HKD 208.4 million for the year ended April 30, 2019, attributed to increased subcontracting, direct labor, and material costs[21]. - Administrative expenses increased by approximately 8.3% to about HKD 10.0 million for the year ended April 30, 2019[26]. - Financial costs surged by approximately 3814% to about HKD 274,000 for the year ended April 30, 2019, mainly due to normal operational bank borrowings[27]. Revenue Breakdown - Installation services accounted for approximately 80.33% of total revenue, generating HKD 199.4 million, while maintenance services contributed approximately 19.61% with HKD 48.7 million[17]. - Revenue from installation services increased by approximately 4.9% to about HKD 199.4 million for the year ended April 30, 2019, driven by the initiation of multiple large projects[18]. - Revenue from maintenance services rose by approximately 48.0% to about HKD 48.7 million for the year ended April 30, 2019, primarily due to increased income from fire safety systems in government buildings[19]. - Maintenance services experienced a growth of approximately HKD 15.8 million, while installation services increased by approximately HKD 9.3 million[15]. Business Strategy and Expansion - The group plans to continue expanding its business in the public sector and private buildings, focusing on advanced fire safety systems and maintenance services[9]. - The group aims to streamline installation procedures and enhance project planning, management, and execution standards[9]. - The group is seeking strategic and financial partners to explore potential opportunities for further expansion into overseas markets[14]. - The group successfully listed on the Hong Kong Stock Exchange earlier this year, which has increased brand awareness and potential for new business opportunities[14]. - The group anticipates continued growth in the overall revenue of the fire safety industry in Hong Kong in the coming year[14]. - The company plans to expand its business capabilities and scale to capture more substantial and profitable projects, reallocating a net amount of HKD 9.3 million from the original intended use of funds[46]. Governance and Management - The company is committed to compliance with financial regulations and internal controls, ensuring robust financial governance[70]. - The company has a strong management team with diverse backgrounds in finance, accounting, and engineering, enhancing its operational capabilities[70]. - The board of directors consists of six members, including two executive directors and three independent non-executive directors, overseeing major policy decisions and risk management[79]. - The company has established a governance framework to monitor compliance with legal and regulatory requirements[85]. - The independent non-executive directors play a crucial role in providing independent judgment and oversight of the group's performance[91]. - The company has established a clear separation of roles between the chairman and the CEO, in line with governance best practices[77]. Risk Management - The company has established a comprehensive risk management and internal control system to manage risks associated with achieving the group's strategic objectives[114]. - The board conducts an annual review of the effectiveness of the risk management and internal control systems, which are deemed to be operating effectively[114]. - The Risk Management Committee conducted four meetings in the fiscal year ending April 30, 2019, to monitor the risk management framework and review risk reports[109]. Environmental and Social Responsibility - The total greenhouse gas (GHG) emissions from the Hong Kong office decreased from 20,578 kg in 2018 to 18,589 kg in 2019, representing a reduction of approximately 9.6%[134]. - The total electricity consumption in the Hong Kong office was 29,494 kWh in 2019, down from 32,664 kWh in 2018, indicating a decrease of about 9.5%[144]. - The company aims to establish a paperless office by utilizing electronic platforms and communication channels[132]. - The company has implemented various waste reduction measures and encourages employees to participate in waste management initiatives[138]. - The company has maintained a high standard in waste reduction and provides training to employees on sustainable development[138]. Client and Supplier Relationships - The group has maintained a close and stable relationship with major clients, with approximately 56% of trade receivables collected as of April 30, 2019[169]. - The group has established a list of approved suppliers and subcontractors, ensuring quality through rigorous evaluation criteria[154]. - The company had no significant disputes with major suppliers and subcontractors during the fiscal year ending April 30, 2019[177]. - The top five customers accounted for approximately 70.3% of total revenue, with the largest customer contributing about 19.2%[183]. Employee Relations - Employee costs amounted to approximately HKD 20.5 million as of April 30, 2019, an increase from HKD 18.8 million in 2018, with 49 employees on staff[54]. - The company emphasizes employee training and development to enhance performance and meet corporate goals[178]. - The company maintains good relationships with employees, with no strikes or labor disputes affecting operations during the fiscal year ending April 30, 2019[178].