Market Position and Business Expansion - The Group has strengthened its market position and share in the Chinese and Japanese art auction market in Hong Kong and Japan, enhancing brand recognition and awareness[13] - The Group diversified its business scope by venturing into contemporary artwork and fine & rare whisky and moutai[13] - The Group aims to expand its business footprint to other potential markets to enhance brand image and influence in major Asian cities and globally[13] - The Group has expanded its market presence from Japan to major cities in Asia, including Hong Kong and Taiwan, since its successful listing in 2018[35] - The Group is actively exploring new auction segments to increase customer numbers and pursue new business opportunities[33] Online Auction Development - The COVID-19 pandemic has led to a shift towards online auction activities, prompting the Group to accelerate the development of its online auction platform[17] - The Group plans to enhance the number and scale of online auctions, introducing diverse collections to meet collectors' needs[17] - The Group's new online integrated platform "Bidding Art" generated revenue of approximately HK$137,000 during the reporting period, promoting Japanese art and facilitating online sales for art stores[29] - The Group plans to further develop its artwork business through an online trading and information platform to meet the increasing demand for online auction sales due to travel restrictions[20] - The Group's online auction platform allows clients to participate and make direct bids during auctions, reflecting a new trend in the auction industry[28] Financial Performance - The Group's revenue for the Reporting Period was approximately HK$79.6 million, a decrease of approximately HK$1.2 million or 1.5% compared to HK$80.8 million in 2021[40] - Revenue from art auction and related business was approximately HK$78.1 million, while revenue from artwork sales was approximately HK$1.5 million, showing a decline from HK$3.3 million in 2021[40] - Gross profit decreased by approximately HK$1.0 million or 1.4% to approximately HK$69.0 million, with a stable gross profit margin of 86.6%[41] - The gross profit margin for art auction and related business was approximately 87.8%, down from 90.0% in 2021, while artwork sales saw an increase in gross profit margin to approximately 25.1% from 8.2%[41] - Selling and distribution expenses were approximately HK$20.4 million, a decrease of approximately HK$0.9 million compared to HK$21.3 million in 2021[47] Management and Governance - The Group has focused on recruiting high-caliber managers and experts to strengthen management and operational teams for sustainable growth[13] - The Group's overall strategy development and business leadership are overseen by Executive Director and Chairman Mr. Ando Shokei, who has over 20 years of experience in auction operations[84] - The management team has extensive backgrounds in the auction industry, with key members having held significant positions in other auction companies prior to joining the Group[95] - The independent non-executive director Mr. Chung Kwok Mo John brings over 20 years of experience in auditing and corporate finance, enhancing the Group's financial management capabilities[96] - The Group's corporate governance practices comply with the Corporate Governance Code, ensuring transparency and accountability[122] Board Structure and Diversity - The Board currently consists of four executive Directors and three independent non-executive Directors, ensuring a balanced governance structure[132] - The independent non-executive Directors represent one-third of the Board, meeting the Listing Rules requirements[140] - The Company has adopted a Board Diversity Policy to enhance the diversity of its Board, recognizing it as a key factor for maintaining competitive advantage[187] - The Nomination Committee is committed to achieving diversity at all levels, considering factors such as gender, age, and professional experience[189] - The Company recognizes the benefits of a diverse Board and aims to maintain an appropriate balance of diversity perspectives relevant to its business growth[190] Employee and Operational Insights - The Group had a total of 38 full-time employees across Japan, Hong Kong, Taiwan, and the PRC as of March 31, 2022[80] - The Group's treasury policy emphasizes risk control and prudent management of funds, primarily in Japanese Yen and Hong Kong dollars[76] - The Group does not currently have a foreign currency hedging policy but will monitor exchange rate volatility closely[76] - The leadership team is committed to promoting the Group's brand and increasing its market share in the auction industry[86] - The Company emphasizes the importance of experienced leadership in navigating the complexities of the auction and art market[99]

東京中央拍賣控股有限公司 TOKYO CHUD AUCTION HOLDINGS LIMITED (incorporated in Hong Kong with limited liability)( 於香港註冊成立之有限公司 ) STOCK CODE 股份代號 : 1939.HK 2021 INTERIM REPORT CONTENTS 目錄 | --- | --- | --- | |-------------------------------------------------------------------------------|-------------------------------------|-------| | | | | | Corporate Information | 公司資料 | 2 | | Chairman's Statement | 主席報告 | 4 | | Management Discussion and Analysis | 管理層討論及分析 | 7 | | Corporate Governance and Other Information | 企業管治及其他資 ...

发 東京中央拍賣控股有限公司 TOKYO CHUO AUCTION HOLOINGS LIMITED (incorporated in Hong Kong with limited liability)( 於香港註冊成立之有限公司 ) STOCK CODE 股份代號 : 1939 HK !! IIIIIIIIIII ........... | 年度報告 ANNUAL REPORT (11111111) Allining . animi diaminimili Corporate Information 公司資料 2 Chairman's Statement 主席報告 4 Management Discussion and Analysis 管理層討論及分析 9 Biographical Details of Directors and Senior Management 董事及高級管理層的履歷詳情 17 Corporate Governance Report 企業管治報告 26 Environment, Social and Governance Report 環境、社會及管治報告 49 Reports of ...

分类K 東京中央拍賣控股有限公司 TOKYO CHUO AUCTION HOLOINGS LIMITED (incorporated in Hong Kong with limited liability)( 於香港註冊成立之有限公司 ) STOCK CODE 股份代號 : 1939,HK | --- | --- | --- | --- | --- | |---------------------------------|-------|-------|-------|---------------------| | | == | | | | | IIIIIIIIII iiiiiiiiii ......... | | | | (IIIIiiii) | | | | | | amminim. annumminin | | | | | | 中期報告 | INTERIM REPORT | --- | --- | --- | |-------------------------------------------------------------------------------|----------------- ...

| --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | નેસ્ક્સ્ 亰京中央拍賣控股有限公司 TOKYO CHUO AUCTION HOLDINGS LIMITED (incorporated in Hong Kong with limited liability)( 於香港註冊成立之有限公司 ) STOCK CODE 股份代號：1939.HK CONTENTS | --- | --- | --- | |---------------------------------------------------------|----------------------------|-------| | | 目錄 | | | Corporate Information | 公司資料 | 2 | | Chairman's Statement | 主席報告 | 4 | | Management Discussion ...

| --- | --- | --- | |-------|-------|--------| | | | | | | | | | | | SSUITE | નેસ્ક્સ્ 東京中央拍賣控股有限公司 TOKYO CHUO AUCTION HOLDINGS LIMITED (incorporated in Hong Kong with limited liability)( 於香港註冊成立之有限公司 ) STOCK CODE 股份代號 : 1939 HK CONTENTS | --- | --- | |-------------------------------------------------------------------------------|-------------------------------------| | | | | | 目錄 | | | | | | | | Corporate Information | 公司資料 | | Chairman's Statement | 主席報告 | | Management Discussion and Analysis | 管理層討論及分析 ...

TOKYO CHUO AUCTION HOLDINGS LIMITED 東京中央拍賣控股有限公司 (incorporated in Hong Kong with limited liability) ( 於香港註冊成立之有限公司 ) stock code 股份代號：1939 2019年度報告 ANNUAL REPORT SSJITZ | --- | --- | --- | |---------------------------------------------------------|----------------------------|-------| | | CONTENTS \n目錄 | | | | | | | Corporate Information | 公司資料 | 2 | | Chairman's Statement | 主席報告 | 4 | | Management Discussion and Analysis | 管理層討論及分析 | 8 | | Biographical Details of Directors and Senior Management | 董事及高級管理層的履 ...