Financial Performance - The Company reported a significant increase in operational and financial performance, with a year-on-year revenue growth of 15%[15] - Revenue from continuing and discontinued operations for the year ended March 31, 2024, was HK$47,543,000, a decrease from HK$132,421,000 in 2023, representing a decline of approximately 64.1%[55] - Loss for the year ended March 31, 2024, was HK$12,913,000, compared to a loss of HK$22,544,000 in 2023, indicating an improvement of about 42.5%[55] - The Group recorded revenue of approximately HK$47.5 million for the Reporting Period, representing a decrease of approximately HK$79.7 million or 62.6% compared to approximately HK$127.2 million for the corresponding period in 2023[71] - The Group's total gross loss amounted to approximately HK$5.4 million for the Reporting Period, a decrease of approximately HK$17.4 million or 76.4% compared with approximately HK$22.8 million for the corresponding period in 2023[72] User Growth and Market Outlook - User data showed a 20% increase in active users, reaching a total of 2 million users by the end of the reporting period[15] - The Company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[15] - New product launches are expected to contribute an additional $50 million in revenue over the next year[15] - Market expansion plans include entering three new international markets by the end of the next fiscal year[15] Corporate Governance - The Board has implemented mechanisms to ensure independent views are available, enhancing decision-making processes[9] - Attendance at Board meetings was satisfactory, indicating strong governance practices[9] - The Company maintains a balanced power structure within the Board, consisting of two executive directors and three independent non-executive directors[15] - The Company has maintained a high standard of regulatory reporting and ensures a balance in the Board for effective independent judgment on corporate actions[17] - The Board has a balanced composition of Executive Directors and Independent Non-Executive Directors, ensuring strong independent judgment[31] - The Company has adopted an anti-corruption and whistleblowing policy to uphold business integrity in its operations[27] - The Board will continue to regularly review and monitor its corporate governance practices to ensure compliance with the CG Code[46] - The Directors are responsible for disclosing details of other offices held, ensuring transparency in governance[19] - The Company has arranged appropriate insurance coverage for Directors and senior management against legal actions arising from corporate activities[22] - The Board believes that its current composition satisfies corporate governance requirements regarding expertise, skills, and experience[24] Operational Efficiency and Risk Management - The Group is committed to improving operational efficiency and strengthening risk control measures, which are core competitive advantages[28] - The company has a commitment to maintaining strong internal controls and risk management procedures as part of its governance framework[49] - The Group aims to strengthen its competitive edge and increase shareholder returns by enhancing cost control measures and resource management policies[58] - The Group has been actively monitoring market conditions and taking appropriate measures to mitigate the impact of unfavorable market factors[58] - The Group is committed to stringent cost control measures and enhancing workflow efficiency to address uncertainties in the Hong Kong economy and competition in the site formation market[88] Audit and Compliance - The Audit Committee held two meetings during the Reporting Period, with full attendance from all members[115] - The Audit Committee reviewed financial reporting matters, including interim and annual results, and assessed the effectiveness of risk management and internal control systems[115] - The company has three independent non-executive directors on the Audit Committee, with Ms. Lam Yuen Man Maria serving as the chair[132] - The company ensures all directors are informed of statutory and regulatory developments to enhance their understanding of good corporate governance practices[126] - The company encourages continuous professional development for all directors, covering relevant training costs[126] Financial Position and Assets - Non-current assets decreased to HK$256,000 in 2024 from HK$551,000 in 2023, reflecting a decline of approximately 53.6%[55] - Current assets totaled HK$41,627,000 in 2024, down from HK$67,252,000 in 2023, a decrease of about 38.2%[55] - The Group's net current liabilities amounted to HK$14.157 million as of 31 March 2024[56] - Total equity attributable to owners of the Company was reported as (HK$13.901 million) as of 31 March 2024[56] - As of March 31, 2024, the Group had bank balances of approximately HK$2.1 million, down from approximately HK$6.9 million in 2023[72] Project and Business Operations - The Group was awarded 1 new project with a total contract sum of approximately HK$1.0 million (2023: approximately HK$13.6 million) during the Reporting Period[66] - As of 31 March 2024, approximately HK$23.5 million has been recognized as revenue from ongoing projects, with approximately HK$5.6 million generated from previously completed projects[66] - The Group continues to focus on site formation works in the Hong Kong construction industry despite facing increasing operational costs and market competition[58] - The Group ceased operating the Trading Segment during the Reporting Period, which recorded a loss of approximately HK$5.4 million[72] - As of March 31, 2024, the Group had 2 projects on hand with a total contract sum of approximately HK$323.6 million (2023: approximately HK$436.7 million)[91] Financial Instruments and Risks - The Group's financial instruments include trade and other receivables, with associated risks including credit risk, interest rate risk, and liquidity risk[165] - The Group's credit risk on bank balances is limited as counterparties are reputable banks with high credit ratings[166] - The Group's liquidity risk is managed by maintaining floating interest rate deposits, which minimizes cash flow interest rate risk[177] - The Group's trade receivables and contract assets are subject to individual credit evaluations before tender proposals are submitted[166] - The Group's policy is to ensure follow-up actions are taken to recover overdue debts, minimizing credit risk[166]

[Financial Highlights](index=1&type=section&id=%E8%B2%A1%E5%8B%99%E6%91%98%E8%A6%81) The company reported a substantial revenue decline and continued losses for the year ended March 31, 2024, with no dividend proposed Annual Financial Summary for the Year Ended March 31, 2024 | Indicator | Year Ended March 31, 2024 | Year Ended March 31, 2023 | | :--- | :--- | :--- | | Revenue from Continuing Operations | Approximately HKD 47,500,000 | Approximately HKD 127,200,000 | | Gross Loss from Continuing Operations | Approximately HKD 5,400,000 | Approximately HKD 22,800,000 | | Loss Attributable to Owners of the Company | Approximately HKD 12,900,000 | Approximately HKD 22,500,000 | | Basic and Diluted Loss Per Share | Approximately HKD 0.02 | Approximately HKD 0.03 | | Proposed Dividend | No dividend proposed | Nil | [Consolidated Financial Statements](index=2&type=section&id=%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8) [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) For FY2024, the Group's revenue from continuing operations significantly decreased, yet gross loss narrowed and total loss reduced to HKD 12.91 million due to greater service cost reductions Key Items from Consolidated Statement of Profit or Loss (HKD thousands) | Item | 2024 | 2023 (Restated) | | :--- | :--- | :--- | | **Continuing Operations** | | | | Revenue | 47,543 | 127,188 | | Gross Loss | (5,375) | (22,763) | | Loss Before Tax | (7,532) | (22,562) | | **(Loss) Profit for the Year from Discontinued Operations** | (5,381) | 18 | | **Loss for the Year** | (12,913) | (22,544) | | **Basic and Diluted Loss Per Share (HK cents)** | (2) | (3) | [Consolidated Statement of Financial Position](index=3&type=section&id=%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) As of March 31, 2024, the Group's financial position deteriorated with total assets decreasing to HKD 41.88 million, net current liabilities expanding to HKD 14.16 million, and total equity becoming negative HKD 13.90 million, indicating insolvency Key Items from Consolidated Statement of Financial Position (HKD thousands) | Item | As at March 31, 2024 | As at March 31, 2023 | | :--- | :--- | :--- | | Total Assets (Non-current + Current) | 256 + 41,627 = 41,883 | 791 + 67,252 = 68,043 | | Current Liabilities | 55,784 | 68,944 | | Net Current Liabilities | (14,157) | (1,692) | | Net Liabilities | (13,901) | (901) | | Total Equity | (13,901) | (901) | [Notes to the Consolidated Financial Statements](index=4&type=section&id=%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8%E9%99%84%E8%A8%BB) The notes detail the company's primary business in construction and site formation, the termination of LNG trading, significant uncertainties regarding going concern due to net loss and net liabilities, and high revenue concentration from a few key clients in Hong Kong [Going Concern Assessment](index=7&type=section&id=4.%20%E6%8C%81%E7%BA%8C%E7%B6%93%E7%87%9F%E8%A9%95%E4%BC%B0) The report highlights significant uncertainties regarding the Group's going concern due to a net loss of HKD 12.91 million and net current liabilities of HKD 14.16 million as of March 31, 2024, despite management's mitigation efforts - As of March 31, 2024, the Group recorded a net loss of approximately **HKD 12,913,000**, with net current liabilities and net liabilities of **HKD 14,157,000** and **HKD 13,901,000** respectively, indicating significant uncertainties that may cast substantial doubt on the Group's ability to continue as a going concern[18](index=18&type=chunk) - To address going concern risks, management has taken measures including a subsidiary director agreeing not to demand repayment of approximately **HKD 15.5 million** owed until the company's financial position allows, a **HKD 15 million** loan facility successfully renewed for 18 months, and expectations for the construction segment to generate profit and cash inflow in FY2025 following the substantial completion of a loss-making project in June 2023[21](index=21&type=chunk) [Revenue and Segment Information](index=8&type=section&id=5.%20%E6%94%B6%E7%9B%8A%E5%8F%8A%E5%88%86%E9%83%A8%E8%B3%87%E6%96%99) All of the Group's revenue for the year, totaling HKD 47.54 million, was derived from Hong Kong public sector construction and site formation services, with the LNG trading business terminated and revenue highly concentrated among three major clients - The Group's business segments have been simplified to a single reportable segment, "Building and Site Formation," with all revenue derived from Hong Kong, as the "Trading of Liquefied Natural Gas" operating segment was discontinued during the year[26](index=26&type=chunk) Major Customer Revenue Contribution (HKD thousands) | Customer | 2024 | 2023 | | :--- | :--- | :--- | | Customer A | 17,542 | 73,837 | | Customer B | 15,482 | 26,654 | | Customer C | 14,518 | 25,749 | - As of March 31, 2024, the transaction price allocated to unfulfilled performance obligations for construction contracts was approximately **HKD 12,786,000**, a significant decrease from **HKD 47,612,000** last year, indicating a substantial reduction in future order backlog[25](index=25&type=chunk) [Discontinued Operations](index=10&type=section&id=9.%20%E5%B7%B2%E7%B5%82%E6%AD%A2%E7%B6%93%E7%87%9F%E6%A5%AD%E5%8B%99) The Group formally terminated its liquefied natural gas trading business during the year, resulting in a HKD 5.38 million loss for FY2024, primarily due to the write-off of HKD 9.82 million in other receivables - The Board of Directors resolved to discontinue the Group's trading of liquefied natural gas business during the current year[32](index=32&type=chunk) Results of Discontinued Operations (HKD thousands) | Item | 2024 | 2023 | | :--- | :--- | :--- | | Revenue | - | 5,233 | | Write-off of Other Receivables | (9,820) | - | | Write-off of Other Payables | 4,436 | - | | **(Loss) Profit for the Year** | **(5,381)** | **18** | [Management Discussion and Analysis](index=16&type=section&id=%E7%AE%A1%E7%90%86%E5%B1%A4%E8%A8%8E%E8%AB%96%E8%88%87%E5%88%86%E6%9E%90) [Business Review and Outlook](index=16&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7%E8%88%87%E5%B1%95%E6%9C%9B) The Group's core business in Hong Kong construction and site formation saw a reduction in project volume and contract value, while the LNG trading business was terminated due to market conditions, with management remaining optimistic about Hong Kong market demand and focusing on cost control [Building and Site Formation Works Services](index=16&type=section&id=%E5%BB%BA%E7%AD%91%E5%8F%8A%E5%9C%B0%E7%9B%A4%E5%B9%B3%E6%95%B4%E5%B7%A5%E7%A8%8B%E6%9C%8D%E5%8B%99) As a Hong Kong subcontractor, the Group's active projects decreased from three to two, and total contract value declined from approximately HKD 437 million to HKD 324 million, indicating a contraction in business scale - As of March 31, 2024, the Group had **2** projects on hand with a total contract value of approximately **HKD 324 million**, compared to **3** projects with a total contract value of approximately **HKD 437 million** in the prior year[50](index=50&type=chunk) [Trading of Liquefied Natural Gas](index=17&type=section&id=%E8%B2%B7%E8%B3%A3%E6%B6%B2%E5%8C%96%E5%A4%A9%E7%84%B6%E6%B0%A3) The Group terminated its liquefied natural gas trading business due to high market volatility, unstable gas sources, and significant seasonal and regional supply-demand imbalances in China - The Group has ceased its liquefied natural gas trading business in China due to high market volatility, a weak foundation for securing stable gas sources, and expanding seasonal and regional supply-demand imbalances[53](index=53&type=chunk) [Prospects](index=17&type=section&id=%E5%89%8D%E6%99%AF) Management remains optimistic about the demand for site formation works in Hong Kong's public and private sectors, with future strategies focusing on strict cost control, efficiency improvements, and enhanced project management to address intense market competition - The Directors remain optimistic about the construction industry but acknowledge intense competition, with the Group aiming to enhance competitiveness by delivering quality works, strictly controlling costs, improving efficiency, and strengthening project management[54](index=54&type=chunk) [Financial Review](index=17&type=section&id=%E8%B2%A1%E5%8B%99%E5%9B%9E%E9%A1%A7) For FY2024, the Group's revenue sharply declined by 62.6% to HKD 47.5 million due to intense competition, yet gross loss narrowed by 76.4% to HKD 5.4 million and administrative expenses decreased by 28.7%, collectively reducing the annual loss to HKD 12.9 million - The decrease in revenue was primarily due to a significant reduction in the number of awarded projects caused by intense competition and high material prices[55](index=55&type=chunk) Financial Performance Summary (HKD) | Item | Reporting Period (FY2024) | Prior Period (FY2023) | Change | | :--- | :--- | :--- | :--- | | Revenue | Approximately **47,500,000** | Approximately **127,200,000** | **-62.6%** | | Gross Loss | Approximately **5,400,000** | Approximately **22,800,000** | **-76.4%** | | Administrative Expenses | Approximately **4,800,000** | Approximately **6,700,000** | **-28.7%** | | Loss for the Year | Approximately **12,900,000** | Approximately **22,500,000** | **-42.7%** | [Liquidity, Financial Resources and Capital Resources](index=18&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E3%80%81%E8%B2%A1%E5%8B%99%E8%B3%87%E6%BA%90%E5%8F%8A%E8%B3%87%E6%9C%AC%E8%B3%87%E6%BA%90) As of the reporting period, the Group's liquidity was severely constrained, with bank balances significantly reduced, interest-bearing debts increased, and a negative total equity resulting in a negative gearing ratio, indicating a highly fragile capital structure and high financial risk Liquidity and Capital Structure | Indicator | As at March 31, 2024 | As at March 31, 2023 | | :--- | :--- | :--- | | Bank Balances | Approximately HKD 2,100,000 | Approximately HKD 6,900,000 | | Interest-bearing Debts | Approximately HKD 5,100,000 | Approximately HKD 3,300,000 | | Gearing Ratio | (0.37) | (3.64) | [Employees and Remuneration Policy](index=19&type=section&id=%E5%83%B1%E5%93%A1%E5%8F%8A%E8%96%AA%E9%85%AC%E6%94%BF%E7%AD%96) In response to business contraction, the Group optimized its workforce, reducing the number of employees from 150 to 118 and consequently decreasing total employee costs (excluding directors' emoluments) by over 50% to approximately HKD 33.2 million for the year Employee and Cost Changes | Indicator | As at March 31, 2024 | As at March 31, 2023 | | :--- | :--- | :--- | | Number of Employees | 118 | 150 | | Total Employee Costs for the Year | Approximately HKD 33,200,000 | Approximately HKD 69,000,000 | [Corporate Governance and Other Information](index=20&type=section&id=%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E8%88%87%E5%85%B6%E4%BB%96%E8%B3%87%E8%A8%8A) [Corporate Governance](index=20&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB) The company largely complied with the Corporate Governance Code during the reporting period, with one deviation where the roles of Chairman and Chief Executive Officer were combined, though the board believes existing arrangements ensure power balance - The company did not comply with Corporate Governance Code provision C.2.1, which stipulates that the roles of Chairman and Chief Executive Officer should be separate, though the company explained that all major decisions are made after consulting Board members and senior management, ensuring sufficient power balance[70](index=70&type=chunk) [Review of Financial Information](index=20&type=section&id=%E5%AF%A9%E9%96%B1%E8%B2%A1%E5%8B%99%E8%B3%87%E6%96%99) The Audit Committee, comprising three independent non-executive directors, reviewed the annual consolidated financial statements and results, confirming compliance with applicable accounting standards and adequate disclosures, with the financial statements also audited by the Group's auditor - The Audit Committee, composed of three independent non-executive directors, has reviewed the Group's consolidated financial statements and annual results, concluding that the company has complied with applicable accounting standards and regulations and made adequate disclosures[73](index=73&type=chunk)

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。 Century Group International Holdings Limited 世紀集 團國際控股 有限公司 （於開曼群島註冊成立之有限公司） (股份代號 : 02113) 截至二零二三年九月三十日止六個月之 中期業績公告 世紀集團國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司 及其附屬公司（統稱「本集團」）截至二零二三年九月三十日止六個月（「報告期間」）之未經 審核綜合中期業績連同二零二二年同期之比較數字: 財務摘要 ⚫ 本集團於報告期間之收益約為 29,700,000 港元（截至二零二二年九月三十日止六個月： 約73,800,000港元）。 ⚫ 於報告期間本公司擁有人應佔虧損約為 6,200,000 港元（截至二零二二年九月三十日止六 個月：約16,400,000港元）。 ⚫ 於報告期間之每股基本及攤薄虧損約為 1 港仙（截至二零二二年九月三十日止六個月： 約 ...

Financial Performance - Revenue for the year ended March 31, 2023, was HK$132,421,000, a decrease of 60% compared to HK$332,610,000 in 2022[8] - Cost of sales and services for the same period was HK$154,996,000, down from HK$352,713,000 in 2022, indicating a significant reduction in operational costs[8] - The gross loss for the year was HK$22,575,000, compared to a gross loss of HK$20,103,000 in the previous year[8] - Loss before taxation was HK$22,772,000, slightly improved from a loss of HK$23,876,000 in 2022[8] - The total loss for the year was HK$22,544,000, compared to HK$24,032,000 in 2022, showing a reduction in losses[8] - The Group recorded a net gross loss of approximately HK$22.8 million, compared to approximately HK$23.7 million in 2022, primarily due to an unexpected increase in material costs in a construction project[19] - The Group recorded total revenue of approximately HK$132.4 million for the Reporting Period, representing a decrease of 60.2% from approximately HK$332.6 million in 2022[44][48] - The total gross loss for the Reporting Period was approximately HK$22.6 million, an increase of 12.3% from approximately HK$20.1 million in 2022[45][49] - The loss and total comprehensive expense for the Reporting Period were approximately HK$22.5 million and HK$22.7 million, respectively, compared to approximately HK$24.0 million for both in 2022[53] Assets and Liabilities - Non-current assets decreased to HK$791,000 from HK$2,038,000 in 2022, reflecting a decline in long-term asset value[8] - Current assets totaled HK$67,252,000, down from HK$88,822,000 in 2022, indicating a decrease in liquidity[8] - Trade and other receivables decreased to HK$14,176,000 from HK$24,115,000 in 2022, showing improved collection or reduced sales[8] - Contract assets increased to HK$46,209,000 from HK$42,788,000 in 2022, suggesting growth in ongoing projects[8] - The Group's total equity as of March 31, 2023, was recorded at (HK$901,000), a significant decrease from HK$21.8 million in 2022[9] - The Group's net current liabilities amounted to (HK$1.7 million), a decline from HK$19.9 million in 2022[9] - The Group's non-current liabilities included lease liabilities of HK$125,000 and deferred tax liabilities of HK$180,000[9] Operational Highlights - The Group was awarded 1 new project (2022: 2) and had 5 prior years' projects carried forward, resulting in a turnover of approximately HK$127.2 million (2022: HK$227.0 million)[18] - The Trading Segment contributed approximately HK$5.2 million to the Group's revenue, a decrease of approximately 95.1%, attributed to high LNG prices and COVID-19 related disruptions[21] - As of 31 March 2023, the company had 3 projects on hand with a total contract sum of approximately HK$436.7 million, down from HK$575.8 million in 2022[31][33] - For the year ended 31 March 2023, 3 projects were completed with a total contract sum of approximately HK$152.7 million, contributing approximately HK$25.8 million in turnover, a decrease from HK$81.0 million in 2022[31][33] Cost Management and Efficiency - The Group continues to strengthen its cost control measures and resource management policies to maintain market competitiveness despite challenges[20] - Administrative expenses decreased by 30.5% to approximately HK$6.9 million, down from approximately HK$9.9 million in 2022[52] - The total staff costs for the year, including directors' emoluments, amounted to approximately HK$69.0 million, a slight decrease from approximately HK$70.8 million in 2022[64] - The Group employed 124 staff as of March 31, 2023, down from 147 staff in 2022, with an average of 136 staff during the year[64] Corporate Governance - The Company emphasizes the importance of achieving high standards of corporate governance to safeguard shareholder interests and enhance corporate value[104] - The Board is committed to maintaining effective internal control measures and upholding high standards of ethics and transparency in all business aspects[104] - The Company has a strong focus on corporate governance practices to ensure compliance with applicable laws and regulations[105] - The Company recognizes the need for transparency and accountability to shareholders as part of its governance framework[105] - The Company has appointed independent non-executive directors to enhance governance and oversight[97] - The Company’s audit committee is chaired by an independent non-executive director, ensuring rigorous financial oversight[97] - The Company has a remuneration committee and a nomination committee to address compensation and board member selection[97] - The Company’s directors have extensive experience in finance, accounting, and corporate governance, contributing to effective management[100][99] - The Company aims to promote a culture of integrity and responsibility across its operations[104] - The Company has adopted a Securities Dealing Code that complies with the Model Code for Securities Transactions by Directors of Listed Issuers, ensuring all Directors confirmed compliance during the Reporting Period[106] - The Company has complied with all provisions of the Corporate Governance Code during the Reporting Period, except for the separation of roles between the Chairman and CEO[114] Board Composition and Responsibilities - The Board consists of five Directors, including two executive Directors and three independent non-executive Directors, maintaining a balance of skills and experience[125] - The Chairman is Mr. Wang Feng, and the CEO position is currently vacant, with responsibilities shared by the executive directors[132] - The roles of Chairman and CEO are not separated, which deviates from the CG Code provision C.2.1[136] - The Company has three independent non-executive directors, with at least one possessing appropriate professional accounting expertise[138] - All independent non-executive directors have confirmed their independence in accordance with Listing Rules[142] - The Board is responsible for directing and supervising the Company's affairs and ensuring sound internal control and risk management systems[150] - The Audit Committee held two meetings during the Reporting Period, with full attendance from all three Independent Non-Executive Directors[177] - The Audit Committee is responsible for reviewing the overall effectiveness of internal control and risk management systems, ensuring the completeness, accuracy, and fairness of financial statements[169] - The Board reviews the effectiveness of mechanisms ensuring independent views and input annually[143] - The Company believes that the current board composition provides a strong independent element for effective decision-making[129] Risk Management and Compliance - The Group is committed to improving operational efficiency and strengthening risk control measures as core competitiveness[124] - The Company has adopted anti-corruption and whistleblowing policies to uphold business integrity[123] - The Board will continue to review and monitor corporate governance practices to ensure compliance with the Corporate Governance Code[116] - The Company has arranged appropriate insurance coverage for Directors and senior management against legal actions arising from corporate activities, reviewed annually[158] Committees and Meetings - The Audit Committee reviewed financial reporting matters, including interim and annual results, and assessed the effectiveness of risk management and internal control systems during the Reporting Period[181] - The Remuneration Committee met once during the Reporting Period to review the remuneration policy and packages for all Directors[193] - The Nomination Committee is responsible for reviewing the structure, size, and composition of the Board at least annually, ensuring alignment with the Board Diversity Policy[195] - The Remuneration Committee's recommendations for Directors' remuneration are based on prevailing market conditions and individual responsibilities[184] - The Nomination Committee comprises three Independent Non-Executive Directors, with Mr. Chung Man Lai serving as the chairman[200] - The Audit Committee's terms of reference align with the Corporate Governance Code and are available on the Company and Stock Exchange websites[182] - The Remuneration Committee's attendance for the meeting was 100% for all members[192]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或 任何部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。 Century Group International Holdings Limited 世 紀 集 團 國 際 控 股 有 限 公 司 (於開曼群島註冊成立之有限公司) (股份代號: 2113) 有關截至二零二三年三月三十一日止年度 之年度業績公告 之補充公告 謹此提述世紀集團國際控股有限公司（「本公司」）日期為二零二三年六月二十九 日有關本公司及其附屬公司（統稱「本集團」）截至二零二三年三月三十一日止年 度業績公告（「該公告」）。除另有界定者外，本公告所用詞彙與該公告所界定者 具有相同涵義。本公司謹此提供有關該公告內財務報表附註3的更新資料。 本公司謹此澄清該公告內財務報表附註3應為如下： 「3. 綜合財務報表編製基準及主要會計政策 3.1 綜合財務報表編製基準 綜合財務報表已根據香港會計師公會頒佈之香港財務報告準則編製。就編製綜合財 ...

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。 Century Group International Holdings Limited 世紀集 團國際控股 有限公司 （於開曼群島註冊成立之有限公司） (股份代號 : 02113) 截至二零二三年三月三十一日止年度之 年度業績公告 世紀集團國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公 司及其附屬公司（統稱「本集團」）截至二零二三年三月三十一日止年度（「報告期間」）之 經審核綜合財務業績連同二零二二年三月三十一日止年度之比較數字: 財務摘要 • 本集團截至二零二三年三月三十一日止年度之收益約為 132,400,000港元（二零二二年： 約332,600,000港元）。 • 截至二零二三年三月三十一日止年度之毛損約為 22,600,000 港元（二零二二年：約 20,100,000港元）。 • 截至二零二三年三月三十一日止年度本公司擁有人應佔虧損約為 22,500,000 港 ...

Financial Performance - The Group's revenue for the Reporting Period was approximately HK$73.8 million, a decrease of approximately 56.6% compared to HK$170.0 million for the same period in 2021[10]. - Loss attributable to owners of the Company for the Reporting Period amounted to approximately HK$16.4 million, compared to a loss of approximately HK$15.6 million in the same period last year[10]. - The Group's total gross loss increased to approximately HK$17.2 million, representing a 13.2% increase from approximately HK$15.2 million in the corresponding period of 2021[21]. - Revenue from LNG trading was approximately HK$5.3 million, a significant decrease of 90.6% from approximately HK$56.2 million in the previous year[19]. - The overall gross loss margin during the Reporting Period was approximately 23.3%, compared to approximately 8.9% in 2021[21]. - Revenue for the Group was approximately HK$73.8 million, a decrease of approximately HK$96.2 million or 56.6% compared to approximately HK$170 million in the same period last year, primarily due to a lack of new projects and reduced demand for natural gas in China[26]. - The total gross loss for the Group was approximately HK$17.2 million, an increase of approximately HK$2 million or 13.2% from approximately HK$15.2 million in the same period last year, with a gross loss margin of approximately 23.3% compared to 8.9% in the previous year[26]. - LNG trading revenue decreased to approximately HK$5.3 million, down approximately HK$50.9 million or 90.6% from approximately HK$56.2 million in the same period last year, significantly impacted by the COVID-19 outbreak in Shanghai[25]. - The total loss before taxation for the period was HK$16,662,000, compared to a loss of HK$15,752,000 in the previous year, indicating a slight increase in losses[88]. - Total comprehensive expense for the period was HK$16,597,000, compared to HK$15,584,000 in the same period last year, representing an increase of 6.5%[55]. Revenue Sources - The Group recognized approximately HK$67.9 million in revenue from four ongoing projects, with a total contract sum of approximately HK$533.1 million as of September 30, 2022[15]. - Revenue from construction and site formation services in Hong Kong was HK$68,480,000, down 39.8% from HK$113,805,000 in the previous year[79]. - The Group's other revenue for the Reporting Period was approximately HK$4.2 million, a slight decrease of 2.3% compared to approximately HK$4.3 million in the previous year[23]. - Sales of goods amounted to HK$5,306,000, a significant decline of 90.6% from HK$56,195,000 in the prior period[79]. - Other income, including government grants related to Covid-19, amounted to HK$4,216,000, with HK$3,100,000 specifically for Covid-19 related subsidies[89][90]. Expenses and Costs - Administrative expenses decreased by approximately 26.5% to approximately HK$3.6 million, down from approximately HK$4.9 million in the same period last year[23]. - The Group's administrative expenses were approximately HK$3.6 million, a decrease of approximately HK$1.3 million or 26.5% from approximately HK$4.9 million in the same period last year, mainly due to reduced employee costs[27]. - Total staff costs for the six months ended September 30, 2022, were HK$33,597,000, down from HK$39,395,000 in the previous year, reflecting a reduction of approximately 14.3%[100]. - Finance costs for the period were HK$117,000, indicating a minimal financial burden[88]. Cash Flow and Assets - Net cash used in operating activities was HK$7,735,000, compared to HK$1,308,000 in the same period last year, indicating a worsening cash flow situation[79]. - Net cash generated from investing activities was HK$694,000, a decrease of 87.4% from HK$5,475,000 in the previous year[79]. - Net cash generated from financing activities was HK$7,031,000, a turnaround from a net cash used of HK$7,518,000 in the same period last year[79]. - Cash and cash equivalents at the end of the period were HK$5,982,000, a decrease from HK$6,200,000 at the beginning of the period[79]. - Current assets decreased slightly to HK$87,661,000 as of September 30, 2022, from HK$88,822,000 as of March 31, 2022[56]. - Current liabilities increased to HK$83,776,000 from HK$68,955,000, resulting in a net current assets value of HK$3,885,000, down from HK$19,867,000[56]. - Non-current assets decreased to HK$1,299,000 from HK$2,038,000, primarily due to reductions in plant and equipment and right-of-use assets[56]. Shareholder Information - The Group did not declare any interim dividend for the Reporting Period, consistent with the previous year[10]. - The Company reported a basic and diluted loss per share of HK$2.04 for the six months ended September 30, 2022, compared to HK$1.94 in the previous year[55]. - The total equity of the Company as of September 30, 2022, was HK$5,184,000, a significant decrease from HK$21,781,000 as of March 31, 2022[56]. - The Company’s reserves turned negative to HK$2,864,000 as of September 30, 2022, compared to positive reserves of HK$13,733,000 in the previous year[56]. - As of 30 September 2022, the company had 804,750,000 ordinary shares issued and fully paid, unchanged from 31 March 2022[14]. - No dividends were paid or proposed for ordinary shareholders during the reporting period[142]. Governance and Compliance - The Company has complied with all code provisions of the Corporate Governance Code during the reporting period[144][145]. - All directors confirmed compliance with the Model Code regarding securities transactions during the reporting period[146]. - The Group's governance framework aims to manage business risks and protect stakeholder interests[149]. - The Company has established an Audit Committee to assist the Board in fulfilling its responsibilities related to financial reporting and internal controls[155]. - The Audit Committee comprises three independent non-executive directors, ensuring effective communication regarding financial reporting and risk management[153]. - The Group's governance practices are aligned with the requirements of the Listing Rules, ensuring compliance and best practices[151]. - The Group's interim results reflect a commitment to high standards of corporate governance, which is crucial for business stability[149]. Employment and Staff - The Group employed 182 staff as of September 30, 2022, an increase from 150 staff as of March 31, 2022, with total staff costs amounting to approximately HK$33.6 million, down from approximately HK$39.4 million in the same period last year[41][48]. - The Group did not experience any significant problems with employees due to labor disputes during the reporting period[42]. - The aged analysis of trade receivables showed that amounts overdue by 0 to 30 days increased significantly to HK$11,338,000 from HK$1,626,000, indicating a substantial rise in short-term receivables[111]. Risks and Challenges - The Group does not hold any collateral over trade and other receivables, indicating a potential risk in credit management[107]. - The construction industry in Hong Kong is expected to develop steadily, with various short-term, medium-term, and long-term projects underway, which may provide strong momentum for further growth[30][31]. - No significant investments, acquisitions, or disposals of subsidiaries or associated companies occurred during the reporting period[125][130]. - The company has no plans for material investments or capital assets in the future[126][131].

Financial Performance - Revenue for the year ended March 31, 2022, was HK$332,610,000, an increase of 34.3% compared to HK$247,530,000 in 2021[11]. - Gross loss for the year was HK$20,103,000, an improvement from a gross loss of HK$28,454,000 in the previous year[11]. - Loss for the year amounted to HK$24,032,000, compared to a loss of HK$31,862,000 in 2021, reflecting a reduction in losses by 24.5%[11]. - Administrative expenses decreased to HK$9,898,000 from HK$13,926,000, representing a reduction of 29.0%[11]. - The Group sustained a net gross loss of approximately HK$20.1 million during the Reporting Period, an improvement from a loss of approximately HK$28.5 million in the previous year[24]. - The total comprehensive loss for the year was approximately HK$24.0 million, a decrease of 25% from HK$31.8 million in 2021, driven by reductions in gross loss and administrative expenses[57][62]. - Other income, gains, and losses netted approximately HK$6.1 million, representing a 31% decrease from HK$8.8 million in the previous year, mainly due to the absence of government subsidies and provisions for onerous contracts[55][60]. Revenue Segmentation - The Trading Segment contributed approximately HK$105.6 million to the Group's revenue, representing an increase of approximately 77.6% from the previous year (2021: approximately HK$59.5 million)[26]. - The Construction Segment generated revenue of approximately HK$227.0 million, an increase of approximately HK$38.9 million or 20.7% compared to the previous year (2021: approximately HK$188.1 million)[18]. - The revenue from the Trading Segment, specifically Liquefied Natural Gas (LNG) business, was approximately HK$105.6 million, an increase of approximately 77.6% compared to HK$59.5 million in 2021[35][48]. - The Group's revenue for the Reporting Period was primarily contributed by 10 projects, a decrease from 16 projects in the previous year, with total contract sums of approximately HK$47.8 million compared to HK$294.6 million last year[53][58]. Asset Management - Current assets totaled HK$88,822,000 as of March 31, 2022, down from HK$107,191,000 in 2021, indicating a decrease of 17.1%[11]. - Non-current assets decreased to HK$2,038,000 from HK$3,602,000, a decline of 43.4%[11]. - Total net assets decreased to HK$21.8 million from HK$45.8 million in the previous year[18]. - The Group's total equity also decreased to HK$21.8 million from HK$45.8 million in the previous year[18]. Cost Control and Management - The Group continues to strengthen its cost control measures and resource management policies to maintain market competitiveness despite challenges[25]. - The total staff costs for the year amounted to approximately HK$71.4 million, a decrease from HK$77.2 million in 2021, with an average employment of 179 staff[66][71]. - Administrative expenses decreased by approximately 29% to HK$9.9 million from HK$13.9 million in 2021, primarily due to reduced staff costs and depreciation[56][61]. Strategic Initiatives - The company has plans for market expansion and new product development, although specific figures were not disclosed in the report[11]. - The management anticipates continued improvement in financial performance in the upcoming fiscal year[11]. - The Group plans to focus on existing businesses while exploring new business opportunities for diversification and expansion[27]. - The Group plans to actively participate in tenders for government projects due to long-term housing development policies in Hong Kong[47]. - The Group aims to enhance its bidding capabilities to improve success rates in a competitive market[47]. Corporate Governance - The Company has adopted a corporate governance policy aligned with the Corporate Governance Code, ensuring high standards of accountability and transparency[113]. - During the reporting period, the Company complied with all code provisions of the Corporate Governance Code, except for provisions C.1.8 and C.2.1, with explanations provided[115]. - The Company has implemented adequate systems of internal controls and risk management procedures as part of its corporate governance practices[128]. - The Board consists of five Directors, including two executive Directors and three independent non-executive Directors, ensuring a reasonable balance to protect shareholders' interests[122]. - The independent non-executive Directors play a crucial role in the governance structure, contributing to the oversight of the Company's operations[123]. Board Composition and Changes - The company has undergone significant changes in its board composition, with new appointments and resignations among executive and independent non-executive directors[85][98]. - Mr. Ip Wai Sing resigned as an executive director, and Mr. Man Wai Lun was appointed as the new executive director[85]. - Mr. Lo Wing Sang resigned as company secretary, and Mr. Lee Cheuk Man was appointed as the new company secretary[86]. - The new board members bring diverse experiences from various sectors, enhancing the company's governance and strategic direction[91][99]. Risk Management - The Company has implemented a framework for managing business risks, enhancing transparency, and achieving accountability[113]. - The Board is responsible for reviewing and monitoring compliance with legal and regulatory requirements[196]. - The Company has established processes to ensure compliance with statutory and regulatory requirements[128]. Future Outlook - The Group expects the COVID-19 pandemic to soon be over, which will benefit the economies of Hong Kong and the PRC[27].

Financial Performance - The group's revenue for the reporting period was approximately HKD 170,000,000, an increase of about HKD 65,500,000 or 62.7% compared to HKD 104,500,000 for the same period last year[6]. - The loss attributable to owners of the company was approximately HKD 15,600,000, compared to HKD 10,200,000 for the same period last year, representing an increase of about 53.9%[6]. - The overall gross loss for the group was approximately HKD 15,200,000, an increase of about HKD 3,400,000 or 28.8% compared to HKD 11,800,000 for the same period last year[11]. - The company incurred a loss of HKD 15,598,000 for the six months ended September 30, 2021, compared to a loss of HKD 10,174,000 in the previous year, indicating a deterioration in financial performance[26]. - The company reported a pre-tax loss of HKD 15,752,000 for the six months ended September 30, 2021, compared to a pre-tax loss of HKD 10,973,000 in the same period of 2020, representing a deterioration in financial performance[34]. - The company's total comprehensive expenses for the period amounted to HKD 15,584,000, compared to HKD 10,169,000 in the previous year, reflecting an increase of approximately 53.5%[26]. Revenue Segments - The construction and site preparation services segment generated revenue of approximately HKD 113,800,000, an increase of about HKD 29,700,000 compared to the previous year[8]. - The liquefied natural gas trading segment recorded revenue of approximately HKD 56,200,000, an increase of about HKD 35,800,000 or 175.5% compared to HKD 20,400,000 last year[9]. - The company’s construction and site preparation services in Hong Kong generated revenue of HKD 113,805,000, up from HKD 84,113,000 in the prior year, marking a growth of approximately 35.4%[32]. - The company’s sales of goods amounted to HKD 56,195,000, significantly higher than HKD 20,363,000 in the same period last year, representing an increase of approximately 176.5%[32]. - Revenue from external customers for the six months ended September 30, 2021, was HKD 170,000,000, an increase of 62.5% compared to HKD 104,476,000 for the same period in 2020[34]. Expenses and Costs - Administrative expenses decreased by approximately HKD 2,600,000 or 34.7%, totaling about HKD 4,900,000 compared to HKD 7,500,000 last year[11]. - The total employee cost for the group during the reporting period was approximately HKD 39,400,000, a decrease from HKD 42,600,000 for the same period in 2020[18]. - Total employee costs decreased to HKD 39,395,000 in 2021 from HKD 42,567,000 in 2020, reflecting a reduction of approximately 7.5%[39]. - The group experienced an increase in sales costs due to unexpected material cost rises and delays in a major engineering project[11]. Assets and Liabilities - As of September 30, 2021, the group's bank balance was approximately HKD 4,500,000, down from HKD 7,800,000 as of March 31, 2021[15]. - The group's non-current assets decreased from HKD 3,602,000 as of March 31, 2021, to HKD 1,905,000 as of September 30, 2021[24]. - The group's net current assets decreased from HKD 42,750,000 as of March 31, 2021, to HKD 28,718,000 as of September 30, 2021[24]. - The group's asset-liability ratio was zero as of September 30, 2021, consistent with the previous period[15]. - Trade receivables from customer contracts increased to HKD 18,311,000 as of September 30, 2021, from HKD 15,875,000 as of March 31, 2021, indicating a rise of approximately 15.7%[43]. - The company's contract assets decreased to HKD 42,057,000 as of September 30, 2021, from HKD 61,927,000 as of March 31, 2021, reflecting a decline of about 32%[44]. Dividends and Shareholder Information - The group did not declare any interim dividend for the reporting period, consistent with the previous year[6]. - The company did not declare any dividends during the interim period, consistent with the previous year[41]. - The major shareholder, Jiebao Group Limited, holds 225,330,000 shares, representing 28% of the total equity[50]. - As of September 30, 2021, the total number of issued and fully paid shares was 804,750,000, maintaining the same number as March 31, 2021[14]. Governance and Compliance - The company has adopted corporate governance policies in line with the requirements of the listing rules, ensuring compliance with all applicable codes[56]. - The audit committee has been established in accordance with the listing rules, serving as a key communication channel among directors, external auditors, and management[58]. - The unaudited condensed consolidated interim results and financial statements for the reporting period were reviewed and approved by the audit committee[59]. - The company has confirmed compliance with the relevant provisions of the standard code during the reporting period[57]. - The company has not adopted any new accounting standards that would have a significant impact on the financial statements for the reporting period[31]. Future Outlook and Opportunities - The outlook for the construction and site preparation services is positive, supported by government infrastructure investments aimed at stimulating economic growth[13]. - The group is actively seeking potential business opportunities in Hong Kong and China to expand revenue sources and enhance shareholder value[14]. - The company has no plans for any major investments or capital assets in the future[48]. - No significant investments or acquisitions were made during the reporting period[47].

Financial Performance - The company's revenue for the year ended March 31, 2021, was HKD 247.5 million, a decrease of approximately HKD 4.3 million or 1.7% compared to HKD 251.8 million in 2020[12]. - Revenue from the liquefied natural gas (LNG) business in China was approximately HKD 56.4 million, significantly higher than the previous year's contribution of HKD 0.3 million, as the current year included a full year's performance[12]. - Revenue from Hong Kong operations was HKD 188.1 million, a decrease of approximately HKD 63.3 million or 25.2% from HKD 251.4 million in 2020, primarily due to COVID-19 impacting the Blue Tin project[12]. - The gross loss for the year was HKD 28.5 million, compared to a gross profit of HKD 7.9 million in the previous year[8]. - The company reported a loss before tax of HKD 33.3 million, compared to a loss of HKD 10 million in the previous year[8]. - The total gross loss for the group was approximately HKD 28,500,000, a shift from a gross profit of approximately HKD 7,900,000 in the previous year[28]. - The total loss and comprehensive expenses for the year amounted to approximately HKD 31,800,000, an increase of about HKD 23,700,000 or 290% compared to the previous year[33]. Assets and Liabilities - The company's total assets as of March 31, 2021, were HKD 107.7 million, slightly up from HKD 106.9 million in 2020[8]. - The net asset value decreased to HKD 45.8 million from HKD 77.6 million in the previous year[8]. - The group had cash reserves of approximately HKD 7,800,000 as of March 31, 2021, down from approximately HKD 27,600,000 the previous year[34]. - The company reported a reserve of HKD 34,280,000 as of March 31, 2021, down from HKD 68,950,000 in 2020, indicating a decrease of approximately 50%[140]. Operational Highlights - The group secured 10 new projects during the reporting period, generating revenue of approximately HKD 188.1 million, a decrease of 25.2% from HKD 251.4 million in 2020[13]. - The group completed 9 projects during the reporting period, contributing revenue of HKD 78.4 million, up from HKD 61.1 million in 2020[23]. - The group confirmed revenue of HKD 388.7 million from ongoing projects as of March 31, 2021, including HKD 33.9 million from newly awarded projects[24]. - The group received 10 new projects related to site formation, road, drainage, and marine engineering, with a total contract value of approximately HKD 294.6 million, compared to HKD 146.6 million in 2020[24]. Cost Management - Administrative expenses were reduced to HKD 13.9 million from HKD 17.5 million in 2020, reflecting cost control measures[8]. - Other income increased by approximately 702% to about HKD 11,400,000, primarily due to government employment support subsidies of approximately HKD 7,600,000[29]. - Administrative expenses decreased by about 20% to approximately HKD 13,900,000, consistent with the decline in revenue[32]. Governance and Management - The company has a strong management team with over 22 years of experience in various fields, including corporate finance and information technology[49]. - The board consists of five members, including two executive directors and three independent non-executive directors, ensuring a balanced governance structure[60]. - The company has adopted corporate governance policies in line with the Hong Kong Stock Exchange's guidelines, maintaining high standards of accountability and transparency[58]. - The independent non-executive directors bring over 30 years of experience in construction and property development, enhancing the board's expertise[50]. - The company emphasizes the importance of risk management and stakeholder interests in its governance practices[58]. - The board members are committed to dedicating sufficient time and effort to the company's affairs, ensuring effective management[61]. Risk Management - The company identified key risks including potential revenue fluctuations due to changes in project instructions, which may adversely affect profitability[131]. - The COVID-19 pandemic has negatively impacted the economy and market demand in Hong Kong and mainland China, leading the company to consider operational adjustments[132]. - Increased competition in the construction industry is anticipated due to a decline in available bidding projects, prompting the company to lower profit margins to enhance bidding success[133]. Compliance and Reporting - The company has complied with all relevant corporate governance codes during the reporting period, although the roles of chairman and CEO are held by the same individual[58]. - The company has implemented internal control systems and risk management procedures as part of its governance framework[63]. - The auditor for the financial statements is Chen Songhua CPA, who is eligible for reappointment at the upcoming annual general meeting[180]. - The independent auditor's report does not cover other information included in the annual report, which is the responsibility of the company's directors[194]. Shareholder Engagement - The company emphasizes the importance of maintaining communication with shareholders through annual general meetings and regular disclosures[111]. - The board of directors is committed to providing high levels of disclosure and financial transparency to shareholders[111]. - The company has a dedicated website for public investors to access financial information and corporate governance updates[111].