Revenue and Profitability - Revenue for the six months ended June 30, 2024, was SGD 31,443,294, a slight decrease of 1.06% compared to SGD 31,780,569 for the same period in 2023[1] - Gross profit for the same period was SGD 10,272,157, down from SGD 10,702,228, reflecting a decrease of 4.02%[1] - The pre-tax profit for the period was SGD 3,745,406, an increase of 5.74% from SGD 3,542,229 in 2023[1] - Basic and diluted earnings per share rose to SGD 0.26, up from SGD 0.24, representing an increase of 8.33%[1] - Total revenue for the group was SGD 31,443,294 in 2024, slightly down from SGD 31,780,569 in 2023, a decrease of 1.1%[9] - The group's profit before tax increased to SGD 3,745,406 in 2024 from SGD 3,542,229 in 2023, an increase of 5.7%[9] - Net profit increased from approximately SGD 3.1 million for the six months ended June 30, 2023, to approximately SGD 3.3 million for the same period in 2024, with net profit margin rising from 9.7% to 10.5%[34] Income and Expenses - Other income increased significantly to SGD 952,151, compared to SGD 417,702 in the previous year, marking a growth of 128.73%[1] - Other income rose significantly to SGD 952,151 in 2024 from SGD 417,702 in 2023, an increase of 128.7%[10] - Other income recorded for the six months ended June 30, 2023, and 2024 was approximately SGD 0.4 million and SGD 1.0 million respectively, primarily driven by additional government subsidies and increased interest income from fixed deposits[30] - Administrative expenses remained consistent at approximately SGD 7.2 million and SGD 7.3 million for the six months ended June 30, 2023, and 2024 respectively[32] - Employee costs totaled approximately SGD 5.6 million for the six months ended June 30, 2024, compared to SGD 5.4 million for the same period in 2023, with a total of 228 employees as of June 30, 2024[39] Assets and Liabilities - Total assets as of June 30, 2024, were SGD 71,146,822, a slight decrease from SGD 71,463,677 at the end of 2023[2] - Net assets increased to SGD 52,854,047 from SGD 49,594,099, reflecting a growth of 4.56%[3] - Total liabilities decreased to SGD 18,292,775 from SGD 21,869,578, a reduction of 16.92%[3] - The company reported a net cash position of SGD 30,602,988, up from SGD 22,794,266, showing an increase of 34.38%[2] - As of June 30, 2024, trade payables increased to SGD 1,581,480, up from SGD 1,316,140 as of December 31, 2023, reflecting a growth of 20.1%[19] Revenue Breakdown by Service - Revenue from truck transportation services increased to SGD 12,124,000 in 2024 from SGD 11,043,779 in 2023, representing a growth of 9.8%[9] - Revenue from freight forwarding services rose to SGD 13,676,497 in 2024 compared to SGD 12,304,874 in 2023, marking an increase of 11.2%[9] - Revenue from value-added transportation services decreased to SGD 5,642,797 in 2024 from SGD 8,431,916 in 2023, a decline of 33.1%[9] - Revenue from truck transportation services increased by SGD 1.1 million or 9.8%, reaching SGD 12.1 million for the six months ended June 30, 2024, compared to SGD 11.0 million for the same period in 2023[25] - Freight forwarding service revenue rose by SGD 1.4 million or 11.4%, totaling SGD 13.7 million for the six months ended June 30, 2024, up from SGD 12.3 million in 2023[26] - Value-added transportation service revenue decreased by SGD 2.8 million or 33.1%, falling to SGD 5.6 million for the six months ended June 30, 2024, from SGD 8.4 million in 2023[27] Strategic Plans and Management - The company plans to enhance logistics transparency and improve funding methods to support expansion plans and strengthen market position[21] - The company aims to expand its transportation fleet and enhance value-added services to create a favorable environment for future business growth[22] - The company is focused on prudent cost management while seeking partnerships to enhance competitive advantages amid external challenges[23] - The company has adopted a conservative approach to foreign currency management, with no foreign currency hedging policy currently in place[37] Corporate Governance and Compliance - The company has complied with the corporate governance code, with no significant deviations reported[45] - The audit committee has reviewed the unaudited consolidated financial statements for the six months ending June 30, 2024, and found no discrepancies[47] - The company is committed to effective leadership and management of the board to ensure shareholder benefits[45] - The company has maintained sufficient public float as per listing rules up to June 30, 2024[46] - There have been no major events affecting the group since the last announcement[43] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[45] Dividends and Financial Reporting - The group did not declare any dividends for the six months ended June 30, 2024, and 2023[15] - The company did not recommend an interim dividend for the six months ended June 30, 2024, consistent with the previous year[35] - The interim financial results for the six months ending June 30, 2024, will be published in due course[47]

Financial Performance - The company reported a profit of approximately SGD 4.6 million for the year ended December 31, 2022, representing a growth of about 58.6% compared to SGD 2.9 million for the year ended December 31, 2021[6]. - Revenue increased by approximately 6.1% from about SGD 57.0 million for the year ended December 31, 2022, to about SGD 60.5 million for the year ended December 31, 2023[16]. - Truck transportation service revenue remained stable at approximately SGD 20.3 million and SGD 20.0 million for the years ended December 31, 2022, and 2023, respectively[17]. - Freight forwarding service revenue decreased by approximately SGD 1.7 million or 6.0% from SGD 28.3 million in 2022 to SGD 26.6 million in 2023, primarily due to a decline in import and export freight rates[18]. - Value-added transportation service revenue increased by SGD 5.4 million or 63.5% from SGD 8.5 million in 2022 to SGD 13.9 million in 2023, driven by increased storage and rental fees due to limited warehousing space in Singapore[19]. - Gross profit increased by approximately SGD 1.0 million or 5.5% from SGD 18.2 million in 2022 to SGD 19.2 million in 2023, attributed to a significant increase in service demand post-COVID-19[21]. - The gross margin for the year ended December 31, 2023, was approximately 31.7%, slightly down from 31.9% in 2022, with truck transportation service gross margin decreasing from 31.5% to 29.3% due to increased competition[22]. - Net profit decreased by approximately SGD 1.2 million from SGD 4.6 million in 2022 to SGD 3.4 million in 2023, with the net profit margin declining from about 8.1% to 5.7%[29]. Operational Developments - The company completed the acquisition of 70% of Resolute Solutions on July 15, 2022, which is expected to enhance its logistics services and reduce costs by integrating in-house services[11]. - As of December 31, 2023, the company operates a fleet of 53 prime movers, 465 trailers, and 19 flatbed trucks, along with three warehouses totaling approximately 81,323 square meters[12]. - The company aims to expand its logistics business and improve funding methods to strengthen its market position[12]. - The company is focused on enhancing value-added transportation services and expanding into warehousing to create a favorable environment for future growth[13]. - The company is committed to sustainable growth by increasing warehouse capacity and providing integrated supply chain solutions[13]. - The company expects to maintain stable performance in the face of macroeconomic uncertainties and is prepared for potential impacts from inflation and interest rate increases[13]. - The company is positioned to benefit from growth opportunities as the global economy recovers from the COVID-19 pandemic[6]. Cost Management and Financial Health - The company emphasizes prudent cost management and seeks partnerships to enhance its competitive advantage amid external pressures such as diesel prices and labor costs[15]. - Administrative expenses rose from approximately SGD 13.2 million in 2022 to SGD 15.0 million in 2023, primarily due to increased depreciation and rental costs for office equipment and foreign employee accommodations[27]. - Other income increased from approximately SGD 0.6 million in 2022 to SGD 1.1 million in 2023, mainly related to government subsidies[23]. - As of December 31, 2023, the company's cash and bank balances were approximately SGD 22.8 million, up from SGD 10.3 million on December 31, 2022[34]. - The company had fixed deposits maturing in over three months of approximately SGD 4.0 million as of December 31, 2023, down from SGD 14.4 million in 2022[34]. - The company's debt ratio increased to approximately 31.3% as of December 31, 2023, compared to 22.7% on December 31, 2022, primarily due to increased lease liabilities from new logistics facilities[35]. - The total employee cost for the year ended December 31, 2023, was approximately SGD 12.3 million, compared to SGD 11.7 million in 2022[41]. Corporate Governance - The company has adopted all provisions of the corporate governance code as outlined in the Hong Kong Stock Exchange Listing Rules, except for provision C.2.1[63]. - The company is committed to achieving high standards of corporate governance to protect shareholder interests and enhance company value[63]. - The management team has extensive experience in logistics, accounting, and financial management, with key members having over 29 years and 31 years of experience respectively[60][53]. - The company has a dedicated operations director responsible for managing operations and driver management, with over 29 years of experience in the logistics industry[60]. - The market director has over 18 years of experience in logistics and is responsible for strategic direction, sales, and performance review[61]. - The independent non-executive directors bring a wealth of experience in accounting, auditing, and financial services, enhancing the board's expertise[53][56][57]. - The company has a strong focus on corporate governance and compliance, ensuring adherence to regulatory standards[63]. - The company has a diverse management team with backgrounds in logistics, finance, and corporate governance, contributing to its strategic direction[60][61][62]. - The company has established a corporate secretary role to assist with professional corporate governance matters, ensuring compliance with regulations[62]. - The independent non-executive directors have held significant positions in reputable firms, adding credibility to the company's governance structure[53][56][57]. - The board consists of two executive directors and three independent non-executive directors, ensuring a balanced governance structure[67]. - The company held four board meetings in 2023, reviewing financial performance for the fiscal year ending December 31, 2022, and the six months ending June 30, 2023[68]. - Independent non-executive directors confirmed their independence in accordance with listing rules, ensuring compliance with corporate governance standards[71]. - The company has adopted a board diversity policy, considering factors such as gender, age, and professional experience in selecting board candidates[74]. - The board has established committees to oversee management functions and ensure compliance with governance regulations[65]. - Training materials covering various topics, including ongoing responsibilities and related transactions, were provided to directors during the fiscal year[69]. - The company has a policy in place for directors' securities trading, ensuring adherence to established standards[73]. - The chairman and CEO roles are held by the same individual, which the board believes is in the best interest of effective management[71]. - The independent non-executive directors have an initial term of three years, subject to re-election at least once every three years[72]. - The board is committed to regular reviews of its governance practices to ensure alignment with best practices and regulatory requirements[65]. - The company aims to achieve at least one female board member and a minimum of 10% female representation by the end of 2024[78]. - The company has established a remuneration committee to oversee the compensation policies for all directors and senior management, ensuring transparency and alignment with market standards[82]. - The nomination committee will strive to identify and recommend suitable female candidates for the board within three years of the listing date[78]. - The company recognizes the need for gender diversity on the board, as currently all members are male, and is committed to improving this situation[77]. - The remuneration committee held two meetings in the fiscal year ending December 31, 2023, to discuss compensation proposals for executive directors and senior management[80]. - The company will provide career development opportunities for female employees and ensure gender diversity in recruitment for senior positions[78]. - The nomination committee is responsible for reviewing the board's structure and composition, and assessing the independence of non-executive directors[83]. - The company has adopted a director remuneration policy aimed at retaining and attracting high-quality talent to oversee its business and development[82]. - The nomination committee will evaluate candidates based on their qualifications, experience, and the time they can commit to the role[83]. - The company will ensure that any director resigning will be reviewed for their overall contribution and performance before recommending reappointment[85]. - The board of directors must include independent directors as per listing rules, and the nomination committee has adopted a diversity policy for the board[88]. Risk Management and Compliance - The audit committee held four meetings during the year ended December 31, 2023, to review financial statements and audit matters[95]. - The company confirmed that it is responsible for preparing financial statements that fairly reflect its financial position in accordance with applicable accounting standards[97]. - The external auditor, KPMG, was appointed for the year ended December 31, 2023, with audit fees amounting to SGD 227,985[99]. - The company has established a robust internal control system and risk management framework to protect shareholder interests and assets[101]. - The risk management system aims to ensure the integrity and continuity of services provided by the company[102]. - The board reviews the effectiveness of the risk management and internal control systems at least annually[104]. - The company has no internal audit function but has engaged external consultants to review the effectiveness of its risk management and internal control systems annually[104]. - The company has a clear process for handling and disclosing inside information in compliance with regulatory guidelines[102]. - The group faced no significant or systemic non-compliance with relevant laws and regulations during the fiscal year ending December 31, 2023[117]. Shareholder Engagement and Communication - The company encourages shareholder participation in decision-making processes and has established a communication policy to ensure timely information dissemination[107]. - The company’s headquarters is located in Singapore, with a primary business location in Hong Kong[114]. - The board of directors includes executive and independent non-executive members, with certain directors eligible for re-election at the upcoming annual general meeting[124]. - The company’s subsidiary details are provided in the financial statements for the fiscal year ending December 31, 2023[121]. - As of December 31, 2023, the company has issued 1,250,000,000 shares, with Mr. Huang Chun-Hsing holding 937,500,000 shares, representing 75% of the total issued share capital[128]. - Mirana Holdings Limited, wholly owned by Mr. Huang, is the direct shareholder of the company, holding 937,500,000 shares, which also accounts for 75% of the total issued shares[131]. - The company has no management or administrative contracts that involve any significant part of its business as of December 31, 2023[127]. - The ongoing related party transactions include the R&S Master Service Agreement and JH Master Service Agreement, both renewed for the period from January 1, 2023, to December 31, 2025[135]. - The total value of the ongoing related party transactions is less than HKD 10,000,000, with a combined percentage rate exceeding 5% but less than 25%[136]. - The company has received approval from the Stock Exchange to exempt strict compliance with certain announcement requirements related to ongoing related party transactions, provided the total transaction value does not exceed the specified annual cap[136]. - Independent non-executive directors have reviewed the ongoing related party transactions, confirming they are conducted in the ordinary course of business and on normal commercial terms[136]. - The company has no significant interests in any major transactions, arrangements, or contracts involving directors or entities connected to directors as of December 31, 2023[132]. - There are no known persons with interests in the company's shares or related shares that require disclosure under the Securities and Futures Ordinance as of December 31, 2023[131]. - The auditor has issued an unqualified opinion regarding the ongoing related party transactions, confirming compliance with relevant regulations[137]. Employee Relations and Development - The company maintains good relationships with employees, providing salaries, bonuses, and other allowances based on qualifications, positions, and seniority[167]. - The company has a mechanism in place for annual performance reviews to determine salary increases, bonuses, and promotions for employees[167]. - The company participates in the Central Provident Fund scheme, a comprehensive social security system for Singapore citizens and permanent residents, with no other pension plans involved for the year ending December 31, 2023[142]. Environmental, Social, and Governance (ESG) - The company has established an environmental, social, and governance (ESG) working group to collect relevant data for its ESG report[190]. - The board is responsible for overseeing the company's ESG strategy, management, performance, and reporting[191]. - The ESG report has been prepared in accordance with the guidelines set out in the Hong Kong Stock Exchange's Main Board Listing Rules Appendix C2[193]. - The company has set environmental goals and implemented the latest ESG-related policies and guidelines[191]. - The group emphasizes the importance of stakeholder feedback on its operations and ESG (Environmental, Social, and Governance) issues, engaging with key stakeholders through various communication channels[198]. - The ESG report covers the group's operations in Singapore, focusing on truck transportation, freight forwarding, and value-added transportation services, which are the main sources of revenue[195]. - The group conducted a materiality assessment to identify significant ESG issues relevant to its business and stakeholders, ensuring alignment with sustainability goals[200].

Financial Performance - Total revenue for the year ended December 31, 2023, was SGD 60,481,361, representing an increase of 4.3% from SGD 57,035,967 in 2022[3] - Gross profit for the same period was SGD 19,167,568, up from SGD 18,160,543, indicating a gross margin improvement[3] - Net profit for the year was SGD 3,442,844, a decrease of 24.6% compared to SGD 4,565,566 in 2022[3] - Basic and diluted earnings per share decreased to SGD 0.27 from SGD 0.36, reflecting a decline of 25%[3] - The group's pre-tax profit decreased to SGD 4,490,819 in 2023 from SGD 5,552,681 in 2022, a decline of approximately 19.14%[19] - The company's profit attributable to owners for the year 2023 was SGD 3,426,958, a decrease of 24.6% from SGD 4,539,208 in 2022[37] - Net profit decreased from approximately SGD 4.6 million in 2022 to SGD 3.4 million in 2023, with the net profit margin dropping from about 8.1% to 5.7%[73] Revenue Breakdown - Revenue from truck transportation services decreased to SGD 19,981,341 in 2023 from SGD 20,299,616 in 2022, a decline of approximately 1.57%[19] - Revenue from freight forwarding services decreased to SGD 26,621,653 in 2023 from SGD 28,281,681 in 2022, a decline of approximately 5.86%[19] - Revenue from value-added transportation services increased significantly to SGD 13,878,367 in 2023 from SGD 8,454,670 in 2022, an increase of approximately 64.8%[19] - Total revenue from external customers for the fiscal year 2023 was SGD 60,481,361, compared to SGD 57,035,967 in 2022, representing an increase of approximately 4.29%[19] Assets and Liabilities - Total assets as of December 31, 2023, were SGD 41,762,277, slightly down from SGD 42,045,336 in 2022[4] - Non-current assets increased to SGD 29,701,400 from SGD 22,936,024, showing a growth of 29.5%[4] - Current liabilities decreased to SGD 12,139,647 from SGD 11,689,331, indicating a reduction of 3.8%[5] - Net assets increased to SGD 49,594,099 from SGD 46,151,255, reflecting a growth of 5.3%[5] - Trade payables decreased from SGD 2,424,032 in 2022 to SGD 1,316,140 in 2023, reflecting a significant reduction in liabilities[16] Expenses - Administrative expenses rose to SGD 15,051,605 from SGD 13,234,466, marking an increase of 13.7%[3] - Financing costs rose significantly to SGD 753,241 in 2023 from SGD 170,045 in 2022, an increase of approximately 342.4%[28] - The gross profit margin for the years ended December 31, 2022, and 2023 was approximately 31.9% and 31.7%, respectively, with a decline in the gross profit margin for truck transportation services from 31.5% to 29.3% due to intensified competition[64][66] Cash Flow and Capital Expenditures - As of December 31, 2023, the company had cash and bank balances of approximately SGD 22.8 million, up from SGD 10.3 million in 2022[77] - The company made capital expenditures of SGD 17,234,493 in 2023, compared to SGD 11,273,477 in 2022, marking a significant increase of 53%[39] - The group's capital commitments for the acquisition of properties, plants, and equipment amounted to approximately SGD 17.1 million as of December 31, 2023, significantly up from SGD 0.8 million in 2022[89] Strategic Initiatives - The company anticipates continued growth in its operations and is focusing on strategic acquisitions to enhance market presence[45] - The company is focused on expanding its logistics business and enhancing value-added transportation services to create a favorable environment for future growth[56] - The company is exploring potential mergers and acquisitions to strengthen market position[106] - The company plans to increase transparency in logistics operations and improve funding methods to support expansion plans and strengthen market position[55] Governance and Compliance - The audit committee, composed of three independent non-executive directors, reviewed the audited financial statements for the year ended December 31, 2023, with no objections raised[102] - The company has adopted the corporate governance code and confirmed compliance with all relevant provisions up to December 31, 2023[98] - The group has no significant contingent liabilities as of December 31, 2023, consistent with the previous year[90] Employee and Operational Metrics - As of December 31, 2023, the company had a total employee cost of approximately SGD 12.3 million, an increase from SGD 11.7 million in 2022, with a total of 223 employees compared to 190 in the previous year[86] - The company operates a fleet of 53 prime movers, 465 trailers, and 19 flatbed trucks, along with two front-end loaders and three excavators, supporting its logistics operations[53]

目 錄 | | 頁次 | | --- | --- | | 公司資料 | 2 | | 中期簡明綜合損益及其他全面收益表 | 4 | | 中期簡明綜合財務狀況表 | 5 | | 中期簡明綜合權益變動表 | 7 | | 中期簡明綜合現金流量表 | 8 | | 中期簡明綜合財務報表附註 | 9 | | 管理層討論及分析 | 20 | | 其他資料 | 29 | 頁次 公司資料 董事會 執行董事 黃春興先生 （主席及行政總裁） 黃康福先生 獨立非執行董事 楊德泉先生 何永深先生 趙家凱先生 審核委員會 楊德泉先 生（主席） 何永深先生 趙家凱先生 薪酬委員會 何永深先生 （主席） 楊德泉先生 趙家凱先生 黃康福先生 提名委員會 趙家凱先生 （主席） 楊德泉先生 何永深先生 黃康福先生 公司秘書 文潤華先生 （ACG, HKACG） 授權代表 黃康福先生 文潤華先生 註冊辦事處 Windward 3, Regatta Office Park PO Box 1350 Grand Cayman KY1-1108 Cayman Islands 新加坡總部及主要營業地點 7 Keppel Road, #3-20/21/22/23 ...

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，並明確表示概不就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。 Legion Consortium Limited （於開曼群島註冊成立的有限公司） （股份代號：2129） 截 至 2023 年 6月 30 日 止 六 個 月 之 中 期 業 績 公 告 Legion Consortium Limited（「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2023年6月30日止六個月的未經審核簡明綜合業 績，連同於2022年相應期間的比較數字如下： 簡明綜合損益及其他全面收益表 截至2023年6月30日止六個月 2023年 2022年 附註 6月30日 6月30日 （未經 審核）（未經 審核） 新加坡元 新加坡元 收入 4 31,780,569 26,671,302 服務成本 (21,078,341) (19,090,534) 毛利 10,702,228 7,580,768 其他收入 5 417,702 252,259 ...

Financial Performance - The company's profit for the year ended December 31, 2022, increased by approximately 58.6% to about SGD 4.6 million compared to SGD 2.9 million for the year ended December 31, 2021[5]. - Revenue rose approximately 24.5% from about SGD 45.8 million for the year ended December 31, 2021, to approximately SGD 57.0 million for the year ended December 31, 2022[14]. - Net profit rose by approximately SGD 1.7 million from SGD 2.9 million in 2021 to SGD 4.6 million in 2022, with net profit margin increasing from approximately 6.3% to 8.1%[27]. - Gross profit increased by approximately SGD 4.8 million or 35.8% from SGD 13.4 million in 2021 to SGD 18.2 million in 2022, primarily due to recovery in local truck transportation and freight forwarding sectors[19]. - Gross margin improved from approximately 29.3% in 2021 to 31.9% in 2022, with truck transportation service gross margin rising from 25.9% to 31.5%[20]. - Administrative expenses increased by approximately SGD 3.3 million or 33.3% from SGD 9.9 million in 2021 to SGD 13.2 million in 2022, mainly due to higher depreciation, employee costs, and director remuneration[25]. Business Expansion and Acquisitions - The company completed the acquisition of 70% of Resolute Solutions on July 15, 2022, enhancing its service offerings in the logistics sector[10]. - The company acquired 70% of Resolute Solutions for a total consideration of SGD 2.1 million, aiming to expand its service offerings in the dismantling and packing sector[37]. - The company is focused on expanding its value-added transportation services and warehouse capacity to create a favorable environment for future business growth[12]. - The logistics supply chain industry in Singapore is expected to continue growing, providing long-term growth opportunities for the company[5]. - The company is positioned to benefit from the recovery of the global economy post-COVID-19, with an optimistic outlook for Singapore's long-term economic prospects[5]. Revenue Breakdown - Truck transportation service revenue increased by approximately SGD 4.5 million or 28.5% from SGD 15.8 million in 2021 to SGD 20.3 million in 2022, driven by the reopening of borders and rising demand post-COVID-19[15]. - Freight forwarding service revenue rose by approximately SGD 3.9 million or 16.0% from SGD 24.4 million in 2021 to SGD 28.3 million in 2022, attributed to economic rebound and global trade recovery[16]. - Value-added transportation service revenue grew by approximately SGD 2.9 million or 51.8% from SGD 5.6 million in 2021 to SGD 8.5 million in 2022, due to increased temporary storage income from new logistics yards and warehouses[17]. Corporate Governance - The company has adopted all provisions of the Corporate Governance Code as set out in Appendix 14 of the Listing Rules, except for the C.2.1 provision[64]. - The board is responsible for formulating and implementing the company's policies and business strategies, overseeing accounts, IT, and operational matters[65]. - The company has a strong commitment to high standards of corporate governance to protect shareholder interests and enhance company value[64]. - The board consists of two executive directors and three independent non-executive directors as of December 31, 2022[68]. - The independent non-executive directors confirmed their independence in accordance with the listing rules, ensuring compliance with corporate governance standards[72]. Risk Management - The board confirmed its responsibility for maintaining effective risk management and internal control systems to protect shareholder interests[98]. - The company has established a risk management policy and procedures to identify, analyze, and monitor risks associated with its operations[99]. - The board reviews the effectiveness of the risk management and internal control systems at least annually[101]. - The company does not have an internal audit function but has engaged external consultants to perform internal audit duties annually[101]. Employee and Board Diversity - The company emphasizes gender diversity in hiring and career development opportunities for female employees[79]. - The company aims to achieve at least one female board member and a minimum of 10% female representation by the end of 2023[79]. - The company has adopted a board diversity policy, recognizing the need for gender diversity, as currently all directors are male[75][77]. - The board has resolved not to recommend the payment of a final dividend for the year ended December 31, 2022, consistent with the previous fiscal year[190]. Sustainability and ESG Initiatives - The company is committed to sustainability as a key to ongoing success and has integrated sustainability into its business strategy[194]. - An Environmental, Social, and Governance (ESG) working group has been established to collect relevant data and report on ESG performance[195]. - The board of directors is responsible for overseeing the company's ESG strategies, risks, and opportunities, meeting at least once a year to review these aspects[196]. - The company has set environmental goals and implemented the latest ESG-related policies and guidelines to demonstrate its commitment to sustainability[196]. - Key performance indicators (KPIs) are disclosed with explanations to establish benchmarks for ESG performance[200].

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，並明確表示概不就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。 Legion Consortium Limited （於開曼群島註冊成立的有限公司） （股份代號：2129） 截 至 2022 年 12 月 31 日 止 年 度 之 全 年 業 績 公 告 Legion Consortium Limited（「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2022年12月31日止年度的經審核綜合業績，連 同於截至2021年12月31日止年度相應期間的比較數字如下： 綜合損益及其他全面收益表 截至2022年12月31日止年度 附註 2 022年 2 021年 新加坡元 新加坡元 收入 4 57,035,967 45,785,662 服務成本 (38,875,424) (32,422,299) 毛利 18,160,543 13,363,363 其他收入 5 621,139 764,063 其他收益淨額 6 333,604 538 ...

Financial Performance - Revenue for the six months ended June 30, 2022, was SGD 26,671,302, representing a 24.5% increase from SGD 21,425,543 in the same period of 2021[32] - Gross profit for the same period was SGD 7,580,768, up from SGD 6,579,218, indicating a gross margin improvement[32] - Net profit for the period was SGD 2,754,737, compared to SGD 1,145,761 in the prior year, reflecting a significant increase of 140.5%[32] - Basic and diluted earnings per share increased to SGD 0.22 from SGD 0.09, marking a 144.4% rise[32] - Operating cash flow for the six months ended June 30, 2022, was SGD 3,474,204, up from SGD 2,248,739 in the previous year, indicating a growth of about 54.5%[43] - The company reported a profit of SGD 2,754,737 for the six months ended June 30, 2022, compared to SGD 1,145,761 for the same period in 2021, representing an increase of approximately 140%[39] - The group reported a net profit of SGD 7,580,768 for the six months ended June 30, 2022, compared to SGD 6,579,218 in the same period of 2021, indicating a growth of 15.2%[64] - Net profit rose from approximately SGD 1.1 million to SGD 2.8 million, with net profit margin increasing from about 5.1% to 10.5%[162] Assets and Liabilities - Total assets as of June 30, 2022, were SGD 41,371,018, compared to SGD 37,015,955 as of December 31, 2021, showing an increase of 11.4%[34] - Total liabilities decreased to SGD 8,830,623 from SGD 10,323,690, a reduction of 14.4%[37] - Net assets increased to SGD 43,440,426 from SGD 40,685,689, reflecting a growth of 6.9%[37] - Trade receivables rose to SGD 12,285,074 from SGD 10,887,339, an increase of 12.8%[34] - Cash and cash equivalents increased to SGD 26,932,416 from SGD 23,908,104, representing a growth of 12.6%[34] - The company’s total equity as of June 30, 2022, was SGD 43,440,426, up from SGD 38,975,098 at the end of June 2021, marking an increase of around 11.9%[39] - The total current liabilities decreased from SGD 4,522,673 as of December 31, 2021, to SGD 4,309,715 as of June 30, 2022, representing a decline of 4.7%[107] Revenue Breakdown - Revenue from truck transportation services reached SGD 9,602,951 for the six months ended June 30, 2022, up from SGD 8,750,185 in the same period of 2021, representing an increase of 9.7%[64] - Freight forwarding services generated revenue of SGD 13,933,633, compared to SGD 10,204,942 in the previous year, marking a growth of 36.0%[64] - Value-added transportation services saw revenue rise to SGD 3,134,718 from SGD 2,470,416, reflecting an increase of 26.9%[64] - Total revenue from external customers amounted to SGD 26,671,302, a 24.0% increase from SGD 21,425,543 in the prior year[64] Costs and Expenses - The company reported a decrease in financing costs to SGD 75,383 from SGD 122,007, a reduction of 38.2%[32] - Total employee costs amounted to SGD 4,855,764, a decrease of 2.6% from SGD 4,985,694 in the previous year[74] - The company recorded interest expenses of SGD 75,383, down 38.2% from SGD 122,007 in the prior year, indicating improved financing efficiency[73] - The company’s tax expense for the period was SGD 427,500, a decrease from SGD 477,492 in the prior year, reflecting a tax rate of 17% on estimated taxable profits[77] Strategic Plans and Investments - The company plans to continue expanding its market presence and investing in new technologies to enhance service offerings[47] - The company plans to strategically acquire logistics companies providing warehousing services and expand outdoor storage services to enhance operational scale[doc id='146'] - The company aims to improve process efficiency and enhance stakeholder value through resource investment[147] - The company plans to utilize approximately 42.6% of the net proceeds (SGD 17.7 million) for strategic acquisitions, with an expected timeline for utilization by December 31, 2022[179] - The company has allocated approximately 39.7% of the net proceeds (SGD 16.5 million) for expanding its freight service fleet, with an expected timeline for utilization by December 31, 2023[179] Governance and Management - The chairman and CEO roles are held by the same individual, Mr. Huang, which deviates from the corporate governance code[191] - Mr. Huang holds 937,500,000 shares, representing 75% of the issued share capital[194] - The audit committee has reviewed and approved the unaudited consolidated financial statements for the six months ending June 30, 2022[192] - The company will periodically review its governance structure to ensure appropriateness[186] Other Financial Metrics - The company’s debt ratio decreased to approximately 6.3% as of June 30, 2022, compared to 9.8% as of December 31, 2021, primarily due to a reduction in bank loans and lease liabilities[167] - The actual tax rate for the six months ended June 30, 2022, was approximately 12.5%, significantly lower than Singapore's statutory corporate tax rate of 17%[161] - The company has no significant investments or capital asset plans beyond those disclosed in the prospectus as of June 30, 2022[171]

Financial Performance - Revenue increased by approximately 13.6% from about SGD 40.3 million for the year ended December 31, 2020, to approximately SGD 45.8 million for the year ended December 31, 2021[16]. - Truck transportation service revenue decreased by approximately SGD 4.9 million or 23.7% due to the impact of COVID-19 on certain end-client industries, despite increased demand for essential services like supermarket logistics[17]. - Freight forwarding service revenue increased from approximately SGD 15.4 million in 2020 to SGD 24.4 million in 2021, representing a growth of about 58.4% due to high demand during the COVID-19 pandemic[18]. - Value-added transportation service revenue rose from approximately SGD 4.1 million in 2020 to SGD 5.6 million in 2021, marking an increase of 36.6% attributed to new temporary storage income from leased logistics yards[19]. - Gross profit decreased by SGD 0.5 million or 3.6%, from SGD 13.9 million in 2020 to SGD 13.4 million in 2021, primarily due to increased fuel and direct employee costs[20]. - The company reported a net profit decline from approximately SGD 4.3 million in 2020 to SGD 2.9 million in 2021, resulting in a net profit margin drop from 10.7% to 6.3%[30]. - Administrative expenses increased from approximately SGD 8.3 million in 2020 to SGD 9.9 million in 2021, driven by higher employee costs and depreciation[26]. - The company had cash and bank balances of approximately SGD 12.7 million in 2020 and SGD 23.9 million in 2021, indicating a significant increase in liquidity[33]. - The actual tax rate for the company was approximately 19.2% in 2020 and 24.3% in 2021, higher than the statutory corporate tax rate of 17% in Singapore[29]. - The company did not declare or pay any dividends for the year ended December 31, 2021, compared to SGD 4.0 million declared for the previous fiscal year[31]. - As of December 31, 2021, the company's debt ratio was approximately 9.8%, a decrease from 22.6% on December 31, 2020, primarily due to a reduction in bank loans by approximately SGD 0.5 million and lease liabilities by approximately SGD 1.2 million[36]. Corporate Governance - The company has adopted all provisions of the Corporate Governance Code as per the Hong Kong Stock Exchange's Listing Rules, except for provision A.2.1[69]. - The board consists of two executive directors and three independent non-executive directors, ensuring a balanced governance structure[71]. - The company is committed to high standards of corporate governance to protect shareholder interests and enhance company value[69]. - The board is responsible for formulating and implementing the company's policies and business strategies, as well as overseeing financial performance[70]. - The company has established systems and procedures to achieve its corporate governance objectives, including regular reviews of compliance with governance codes[71]. - The board holds regular meetings to monitor business development and financial performance, ensuring effective oversight[70]. - The company has a dedicated company secretary with over 12 years of experience in corporate governance and compliance[66]. - The management team includes professionals with backgrounds in accounting, finance, and logistics, enhancing decision-making capabilities[64][65]. - The company has implemented training and professional development programs for directors and senior management to ensure compliance with legal and regulatory requirements[71]. - The company aims to appoint at least one female director by the end of 2023, targeting a minimum of 10% female representation on the board[85]. - The company has adopted a board diversity policy to ensure a balanced perspective related to its business and development[81]. - The independent non-executive directors have appropriate professional qualifications or financial management knowledge[76]. - The company will strive to promote gender diversity at all levels and ensure opportunities for female employees in career development[85]. Strategic Plans and Market Position - The company successfully listed on the Hong Kong Stock Exchange on January 13, 2021, marking a significant milestone[7]. - The company plans to continue focusing on strategic acquisitions to expand its business and achieve long-term growth[7]. - The company is actively seeking opportunities to expand its customer base and market share to enhance shareholder value[12]. - The net proceeds from the share offering will provide financial resources to achieve the company's business goals and strategies, further solidifying its market position in Singapore[12]. - The company acknowledges that while growth areas will take time to fully realize, additional operational expenses may impact short to medium-term business performance[13]. - The company remains optimistic about Singapore's long-term economic prospects despite the significant risks posed by the pandemic in 2022[7]. Risk Management - The board is responsible for maintaining effective risk management and internal control systems to protect shareholder interests and ensure compliance with applicable regulations[104]. - The risk management system aims to manage risks rather than eliminate them, providing reasonable assurance against significant misstatements or losses[108]. - The company has engaged external consultants to perform internal audit functions and review the effectiveness of risk management and internal control systems annually[108]. - The board reviews the risk management and internal control systems at least once a year to ensure their adequacy and effectiveness[105]. - The company has established a risk management policy and procedures, including a risk management matrix and risk management table[105]. Employee and Operational Insights - The total employee cost for the year ended December 31, 2021, was approximately SGD 10.1 million, compared to approximately SGD 9.1 million in 2020, with a total of 163 employees as of December 31, 2021, up from 141 in 2020[41]. - The company has a mechanism in place for annual performance reviews of employees, which serves as a basis for salary adjustments, bonuses, and promotions[188]. - The company has established stable business relationships with major customers, with most of the top five customers having long-term relationships ranging from three to nine years[190]. Shareholder Information - The company has maintained sufficient public float since its listing date up to the date of the annual report[195]. - The company will suspend share transfer registration from June 21 to June 24, 2022, to determine the shareholders eligible to attend the annual general meeting[200]. - The company does not have any provisions for preemptive rights in its articles of association or under the laws of the Cayman Islands[196]. - The company has confirmed that there are no significant uncertainties affecting its ability to continue as a going concern[100]. Connected Transactions - The company has entered into a main service agreement with R&S Engineering Works Pte. Ltd. and JH Tyres & Batteries Pte. Ltd. for maintenance and tire supply services, with annual caps of SGD 640,000, 690,000, and 750,000 for R&S and SGD 660,000, 710,000, and 770,000 for JH Tyres for the years ending December 31, 2020, 2021, and 2022 respectively[148]. - The independent non-executive directors have reviewed the ongoing connected transactions and confirmed that they are conducted in the ordinary course of business and on normal commercial terms[148]. - The company has obtained a clean opinion from the auditors regarding the ongoing connected transactions under the main service agreements[149]. Miscellaneous - Charitable donations made by the group amounted to approximately SGD 18,750 for the year ending December 31, 2021[128]. - The company underwent a restructuring process completed on December 18, 2020, prior to its listing on January 13, 2021[117]. - The company has maintained its primary business nature without significant changes as of December 31, 2021[119]. - The company does not have any share option plans as of the date of the report[158]. - The share award plan was adopted on December 18, 2020, and is effective for a period of three years[163].

Financial Performance - Revenue for the six months ended June 30, 2021, was SGD 21,425,543, an increase of 9% from SGD 19,656,168 in the same period of 2020[12] - Gross profit decreased to SGD 6,579,218, down 7% from SGD 7,098,830 year-on-year[12] - The net profit for the period was SGD 1,145,761, a decline of 59% compared to SGD 2,773,780 in the previous year[12] - Basic and diluted earnings per share were SGD 0.09, down from SGD 0.27 in the same period last year[12] - Total revenue for the six months ended June 30, 2021, was SGD 21,425,543, compared to SGD 19,656,168 for the same period in 2020, reflecting an overall growth of approximately 9.0%[50] - Profit for the period decreased from approximately SGD 2.8 million to about SGD 1.1 million, resulting in a net profit margin decline from approximately 14.2% to 5.1%[163] Assets and Liabilities - Total assets as of June 30, 2021, increased to SGD 37,340,439, compared to SGD 25,116,126 as of December 31, 2020[15] - Current liabilities decreased to SGD 7,505,757 from SGD 8,286,311 at the end of 2020[15] - Net assets rose to SGD 38,975,098, up from SGD 25,080,074 at the end of 2020, reflecting a significant increase in equity[18] - The company reported a significant increase in cash and cash equivalents, reaching SGD 22,683,278, compared to SGD 12,740,393 at the end of 2020[15] - Trade payables rose to SGD 1,428,944 as of June 30, 2021, up from SGD 955,697 as of December 31, 2020, indicating a growth of 49.5%[116] - Bank loans decreased to SGD 603,367 as of June 30, 2021, from SGD 1,096,521 as of December 31, 2020, reflecting a reduction of 45%[124] Cash Flow and Financing - The operating cash flow for the six months ended June 30, 2021, was SGD 2,130,151, down 51% from SGD 4,344,787 in the previous year[31] - The company generated net cash from financing activities of SGD 8,234,071, compared to a net outflow of SGD 2,893,399 in the same period of 2020[33] - Total cash and cash equivalents at the end of the period increased to SGD 22,683,278, up from SGD 12,496,719 a year earlier, representing an increase of 81%[33] - The company issued shares resulting in proceeds of SGD 12,749,263 during the reporting period[33] Revenue Breakdown - Revenue from truck transportation services decreased to SGD 8,750,185 from SGD 10,375,009, a decline of approximately 15.6% year-over-year[50] - Revenue from freight forwarding services increased to SGD 10,204,942 from SGD 7,464,711, representing a growth of approximately 36.9% year-over-year[50] - Revenue from value-added transportation services rose to SGD 2,470,416 from SGD 1,816,448, an increase of approximately 36.0% year-over-year[50] Expenses - Administrative expenses increased to SGD 4,628,575, up from SGD 3,904,240 in the previous year, reflecting higher operational costs[12] - The total employee costs, including directors' remuneration, amounted to SGD 4,985,694, an increase of 13% from SGD 4,411,891 in the previous year[63] - The company reported a total tax expense of SGD 420,492, down 33.1% from SGD 628,920 in the previous year[64] Corporate Governance - The company has adopted a code of conduct for securities trading by directors, which has been complied with since the IPO date[183] - The company has complied with the corporate governance code except for the separation of the roles of Chairman and CEO, which are held by the same individual, Mr. Huang Chun-Hsing[184] - The board consists of two executive directors and three independent non-executive directors as of the announcement date[196] Strategic Focus - The company is focused on expanding its logistics and transportation services through its subsidiaries, which include Rejoice Container Services and Radiant Overseas[36] - The company aims to leverage its successful listing to enhance future growth opportunities[146] Market Conditions - Truck transportation service revenue decreased by approximately SGD 1.7 million or 16.3% due to border restrictions imposed by the Singapore government to control COVID-19[151] - Freight forwarding service revenue increased by approximately SGD 2.7 million or 36.0% due to the recovery of global trade from COVID-19[152] - Value-added transportation service revenue increased by approximately SGD 0.7 million or 38.9% due to income from a newly leased logistics yard[153]