Financial Performance - The Group's total revenue for 2020 was approximately HK$787.4 million, a decrease of approximately 37.1% compared to HK$1,251.1 million in 2019[26]. - Gross profit for the year was approximately HK$193.7 million, with a gross profit margin of approximately 24.6%, down from 25.0% in 2019[26]. - Profit attributable to equity holders of the Company was approximately HK$73.7 million, compared to HK$127.2 million in 2019[27]. - Basic earnings per share were approximately HK11.89 cents, down from HK20.52 cents in 2019[27]. - Revenue for the year ended December 31, 2020, was approximately HK$787.4 million, a decrease of about HK$463.7 million or approximately 37.1% from HK$1,251.1 million for the year ended December 31, 2019[57]. - Other income for the year ended December 31, 2020, was approximately HK$7.6 million, an increase of approximately HK$2.7 million or 55.1% from HK$4.9 million in 2019[65]. - Selling and distribution costs for the year ended December 31, 2020, were approximately HK$8.5 million, a decrease of approximately HK$2.9 million or 25.4% from HK$11.4 million in 2019[65]. - Administrative and other operating expenses for the year ended December 31, 2020, were approximately HK$96.2 million, a decrease of approximately HK$39.2 million or 29.0% from HK$135.4 million in 2019[68]. Capital Expenditure and Investments - Capital expenditure for the year amounted to approximately HK$116.2 million, including HK$49.0 million for new machines and HK$52.7 million for new factory premises[33]. - The new factory is expected to be completed in May 2021, enhancing research and development capabilities and accommodating automated production lines[38]. - The Group did not make any material acquisitions or disposals of subsidiaries and associated companies for the year ended December 31, 2020[72]. - There are no plans for material investments or increases in capital assets beyond the construction of a new factory in Huizhou, expected to be completed in May 2021[89]. Cash and Debt Management - The Group currently has sufficient cash on hand and available banking facilities to meet its business needs[34]. - As of December 31, 2020, cash and cash equivalents were approximately HK$117.0 million, an increase from HK$85.6 million in 2019[70]. - The group's interest-bearing borrowings amounted to approximately HK$230.0 million, up from HK$119.6 million in 2019, with a weighted average effective interest rate of 3.34% compared to 4.13% in 2019[74]. - The debt-to-equity ratio as of December 31, 2020, was 44.5%, an increase from 39.8% in 2019[74]. Environmental Performance - The Group's total greenhouse gas (GHG) emissions decreased from 18,036.54 tonnes CO2 equivalent in 2019 to 17,165.18 tonnes CO2 equivalent in 2020, representing a reduction of approximately 4.8%[113]. - Vehicle emissions were reduced from 115 tonnes CO2 equivalent in 2019 to 73 tonnes CO2 equivalent in 2020, a decrease of about 36.5%[114]. - Emissions from flights dropped significantly from 27 tonnes CO2 equivalent in 2019 to 4 tonnes CO2 equivalent in 2020, a reduction of approximately 85.2%[114]. - Nitrogen oxides (NOx) emissions decreased from 100.35 kg in 2019 to 44.45 kg in 2020, a reduction of about 55.8%[111]. - Sulphur oxides (SOx) emissions fell from 0.63 kg in 2019 to 0.40 kg in 2020, a decrease of approximately 36.5%[111]. - The Group's GHG emissions for Scope 1 decreased from 222.66 tonnes CO2 equivalent in 2019 to 139.11 tonnes CO2 equivalent in 2020, a reduction of about 37.5%[113]. - GHG emissions for Scope 2 also saw a decline from 17,650.99 tonnes CO2 equivalent in 2019 to 16,902.06 tonnes CO2 equivalent in 2020, a decrease of approximately 4.2%[113]. - The Group has established an environmental management system in accordance with ISO 14001:2015 to monitor and improve environmental performance[108]. - The Group's operations complied with all national and local environmental laws and regulations during the reporting period[108]. Workforce and Employee Management - The Group's workforce decreased to 1,030 employees as of December 31, 2020, down from 1,168 in 2019, representing a reduction of approximately 11.8%[141]. - The gender distribution of employees shows 575 males and 455 females in 2020, compared to 699 males and 469 females in 2019, indicating a decrease in both categories[142]. - The total number of management staff decreased from 147 in 2019 to 137 in 2020, reflecting a reduction of approximately 6.8%[142]. - The Group recorded 9 work-related injuries in the reporting period, a decrease from 13 in 2019, with a total of 552 lost working hours compared to 541 hours in 2019[154]. - The Group provided training to 1,435 staff in 2020, an increase from 1,233 in 2019, with total training hours amounting to 11,879 hours, down from 12,776 hours in 2019[160]. - The percentage of employees trained by gender shows 54% male and 46% female in 2020, compared to 57% male and 43% female in 2019[164]. - The Group emphasizes a clean and tidy working environment, ensuring proper ventilation and sanitation measures are in place[154]. Corporate Governance and Compliance - The Group strictly adheres to local labor laws and regulations, with no reported non-compliance during the reporting period[146]. - The Group has implemented "Procedures on Information Exchange" to ensure product quality and safety responsibilities are clearly defined[177]. - The Group has not been aware of any complaints or non-compliance related to intellectual property rights during the reporting period[176]. - The Group emphasizes high moral standards and integrity from employees and business partners, with regular anti-corruption training provided[181]. - The Group has a zero-tolerance policy towards any dishonesty and unethical business behaviors, with immediate penalties for violations[182]. - The Group strictly complies with relevant laws and regulations regarding anti-corruption and anti-money laundering[181]. Community Engagement and Social Responsibility - The Group sponsored disposable face masks to charitable institutions during the reporting period, demonstrating its commitment to community involvement[184]. - The Group aims to fulfill its social responsibility through active community engagement and support[184]. - The Group will continue to participate in more charitable activities and allocate more resources to social and environmental protection[185]. Management Team - Mr. Hung Chun Leung has approximately 20 years of experience in legal matters, including conveyancing and commercial contracts, and has been with the Group since February 2018[196]. - Mr. Chan Bing Kai has over 40 years of experience in the electronic products manufacturing industry and co-founded a company specializing in audio and LED products, joining the Group in February 2018[197]. - Mr. Wu Chi Wai has over 15 years of experience in auditing, accounting, and corporate management, and has been with the Group since May 2019[198].

Financial Performance - For the six months ended June 30, 2020, the Group's total revenue was approximately HK$293.3 million, a decrease of approximately 56.0% compared to HK$666.7 million in the same period last year[10]. - The Group recorded a profit attributable to equity holders of approximately HK$5.6 million for the six months ended 30 June 2020, a decrease of approximately 91.5% from HK$65.9 million in the same period of 2019[12]. - Basic earnings per share attributable to equity holders were approximately 0.90 HK cents, down from 10.63 HK cents in the same period of 2019[12]. - Total revenue for the six months ended 30 June 2020 was approximately HK$293.3 million, representing a decrease of approximately 56.0% from HK$666.7 million in the same period of 2019[16]. - The Group recorded a gross profit of approximately HK$68.7 million, with a gross profit margin of approximately 23.4%, compared to a gross profit of HK$162.3 million and a margin of 24.3% in the same period last year[10]. - Gross profit for the six months ended 30 June 2020 was approximately HK$68.7 million, a decrease of 57.7% from HK$162.3 million for the same period in 2019, with a gross profit margin of 23.4%[18]. - The total comprehensive loss for the period attributable to equity holders of the Company was HK$5,940,000, compared to a comprehensive income of HK$67,131,000 in 2019[77]. Revenue Breakdown - Revenue from the integrated plastic solutions segment was approximately HK$116.1 million, accounting for approximately 39.6% of total revenue, and decreased by approximately 41.7% from HK$199.2 million in the same period of 2019[16]. - Revenue from the e-cigarettes products segment was approximately HK$172.4 million, accounting for approximately 58.8% of total revenue, and decreased by approximately 63.1% from HK$467.5 million in the same period of 2019[16]. - The medical consumable products segment generated approximately HK$4.7 million in revenue, accounting for approximately 1.6% of total revenue, as a new segment established during the period[16]. - The e-cigarettes products segment generated revenue of HK$172.4 million, while the integrated plastic solutions segment contributed HK$116.1 million, and the newly established medical consumable products segment accounted for HK$4.7 million[120]. Operational Challenges - The manufacturing and delivery of some confirmed orders have been delayed or suspended due to the COVID-19 pandemic and related lockdown measures[8]. - The adverse business environment has led to a decrease in demand for the Group's products overall[9]. - The Group's financial position and performance have been significantly impacted by events and transactions since December 31, 2019[102]. Cash Flow and Liquidity - As of June 30, 2020, the Group had cash and cash equivalents of approximately HK$124.7 million, an increase from HK$85.6 million as of December 31, 2019[24]. - The Group recorded net current liabilities of approximately HK$78.4 million as of June 30, 2020, an increase of approximately HK$25.5 million from HK$52.9 million as of December 31, 2019[24]. - The management believes that the Group has sufficient working capital for its present requirements, based on confirmed credit commitments and internal financial resources[104]. - The Group's current liabilities exceeded its current assets by approximately HK$78,425,000, compared to HK$52,908,000 as of December 31, 2019[102]. Segment Development - The Group has established a new segment for medical consumable products, anticipating sustained high demand for disposable face masks and other medical consumables in the future[8]. - The Group operates through three segments: integrated plastic solutions, e-cigarettes, and medical consumables, with the latter segment being newly developed[10]. - The Group established a production line for disposable face masks during the six months ended 30 June 2020, utilizing cleanroom facilities and production machines acquired[14]. Shareholder Information - As of June 30, 2020, Mr. Chan Tsan Lam holds a total of 374,015,000 shares, representing approximately 60.3% of the Company's shareholding[50]. - Oceanic Green and New Strength each hold 127,100,000 shares, accounting for 20.5% of the Company's total shares[61]. - Gold Alliance holds 94,395,000 shares, which is approximately 15.2% of the Company's total shares[61]. - The Company does not recommend the payment of an interim dividend for the six months ended June 30, 2020, compared to HK1.5 cents for the same period in 2019[46]. Compliance and Governance - The Company has complied with the Corporate Governance Code during the six months ended 30 June 2020, except for the chairman and CEO roles being held by the same individual[41]. - The audit committee reviewed the Group's unaudited condensed consolidated financial statements for the six months ended 30 June 2020[45]. Future Outlook - The Group has developed new disposable face mask products, including KN95 and FFP2 masks, which are ready for mass production in the second half of 2020[22]. - The new factory premises under construction are expected to be completed in January 2021, aimed at enhancing production capacity and R&D capabilities[22].

Financial Performance - The Group's total revenue for the year ended December 31, 2019, was approximately HK$1,251.1 million, representing a year-on-year increase of approximately 30.3% compared to HK$959.9 million in 2018[7]. - The Group recorded a gross profit of approximately HK$313.4 million with a gross profit margin of approximately 25.0%, compared to a gross profit of HK$237.8 million and a margin of 24.8% in 2018[7]. - Profit attributable to owners of the Company was approximately HK$127.2 million, up from HK$75.8 million in 2018, with basic earnings per share of approximately HK20.52 cents compared to HK12.80 cents in the previous year[7]. - Revenue for the year ended December 31, 2019, was approximately HK$1,251.1 million, representing an increase of approximately HK$291.2 million, or approximately 30.3%, from approximately HK$959.9 million for the year ended December 31, 2018[17]. - The integrated plastic solutions segment revenue for the year ended December 31, 2019, was approximately HK$391.2 million, accounting for approximately 31.3% of the total revenue, representing a decrease of approximately HK$83.1 million, or approximately 17.5%, from segment revenue of HK$474.3 million for the year ended December 31, 2018[17]. - The e-cigarettes products segment revenue for the year ended 31 December 2019 was approximately HK$859.9 million, accounting for approximately 68.7% of total revenue, representing an increase of approximately HK$374.2 million, or approximately 77.0%, from HK$485.7 million for the year ended 31 December 2018[19]. - Gross profit for the year ended 31 December 2019 was approximately HK$313.4 million, with a gross profit margin of 25.0%, compared to HK$237.8 million and 24.8% in 2018[19]. - Segment gross profit for e-cigarettes products for 2019 was approximately HK$216.2 million, with a gross profit margin of 25.1%, down from 26.3% in 2018, primarily due to higher production costs of new model e-cigarettes[19]. Capital Expenditure and Investments - Capital expenditure for the year amounted to approximately HK$149.0 million, including HK$85.2 million for new machines and HK$49.1 million for new factory premises[9]. - Capital expenditure for the year ended December 31, 2019, was approximately HK$149.0 million, including HK$85.2 million for the purchase of new machinery and HK$49.1 million for the construction of new factory premises[12]. - The construction of new factory premises is expected to provide room for additional new product production lines and achieve automated production[10]. - The Group's ongoing investments in new site construction in Huizhou, Guangdong province, reflect a strategic focus on growth and market expansion[182]. Market and Operational Challenges - The Group's operations were impacted by the Sino-US trade war and social unrest in Hong Kong during 2019, yet it managed to strengthen partnerships with business associates[7]. - The outbreak of COVID-19 is anticipated to adversely affect global business for a substantial time in 2020, leading to adjustments in strategies to mitigate expected downward risks[14]. - The Huizhou Operations were suspended due to COVID-19 outbreak, resuming on February 13, 2020, but faced temporary production capacity drop due to transportation limitations[51]. - Management expects delays in resuming original production schedules and late product deliveries in the coming months[51]. - The Group has not been able to estimate the financial impact of the COVID-19 events but considers there to be no significant adverse effects on its financial position[51]. Corporate Governance - The company has adopted the principles and code provisions of the Corporate Governance Code to ensure proper regulation of business activities and decision-making processes[64]. - The company has complied with all applicable code provisions of the Corporate Governance Code, except for code provision A.2.1[65]. - The company is committed to maintaining high standards of corporate governance to safeguard shareholder interests and enhance corporate value[64]. - The Board currently comprises 6 members, including 3 executive Directors and 3 independent non-executive Directors[70]. - The Chairman and Chief Executive Officer is Mr. Chan Tsan Lam, who holds both positions despite the CG Code recommendation for separation, due to his extensive experience[73]. - The Company has complied with the CG Code throughout the year ended December 31, 2019[73]. - The Board has met the requirements of having three independent non-executive Directors, representing at least one third of the Board[73]. - The Company has a structured process for the appointment, re-election, and removal of Directors as outlined in its Articles of Association[75]. - The Company aims to ensure compliance with the CG Code and enhance transparency in its corporate governance report[80]. Financial Position and Risk Management - As of December 31, 2019, the Group had cash and cash equivalents of approximately HK$85.6 million, an increase from HK$61.4 million in 2018[24]. - Interest-bearing borrowings as of December 31, 2019, were approximately HK$103.2 million, down from HK$148.6 million in 2018, with a weighted average effective interest rate of approximately 4.18%[24]. - The Group's gearing ratio as of December 31, 2019, was 39.8%, a decrease from 52.7% in 2018[24]. - Net current liabilities increased to approximately HK$52.9 million as of December 31, 2019, compared to HK$13.9 million in 2018, primarily due to the acquisition of new machines and construction of a new factory[24]. - The Group's internal control and risk management systems were deemed effective during the year ended 31 December 2019, with no material issues identified that required significant rectification[122]. - The Group faced market risks due to fluctuations in raw material prices, which may adversely affect business and financial conditions[138]. - The financial risk management objectives and policies of the Group are detailed in Note 29 of the consolidated financial statements[138]. Shareholder Information - The Board recommends a final dividend of HK1.5 cents per share for the year ended December 31, 2019, subject to shareholder approval[54]. - The register of members will be closed from June 24 to June 26, 2020, for determining entitlement to the final dividend[141]. - The Company maintains a dividend policy to ensure sufficient cash reserves for operational needs and future business growth[150]. - The largest customer contributes 72% to the Group's total revenue, while the five largest customers together account for 93%[171]. - The largest supplier accounts for 43% of the Group's total purchases, and the five largest suppliers together represent 63%[171]. Management and Directors - Mr. Wu Chen-Tong, aged 63, oversees the development and manufacturing of new products and quality control in the R&D department[61]. - Mr. Chan Tsz Wai, aged 25, is responsible for the development and marketing of new products[61]. - Mr. Ng Chi Wai has over 15 years of experience in auditing, accounting, and corporate management[59]. - Mr. Hung Chun Leung has approximately 20 years of experience in handling legal matters in various areas[59]. - Mr. Chan Bing Kai has over 40 years of experience in the manufacturing industry of electronic products[59]. Audit and Compliance - The Audit Committee, established on February 8, 2018, is responsible for recommending the appointment and remuneration of the external auditor[102]. - The audit committee held two meetings during the period to review the company's annual financial statements and the effectiveness of financial controls, internal monitoring, and risk management systems[104]. - The external auditors, Mazars CPA Limited, received a total of HK$1,625,000 for audit and non-audit services for the year ended December 31, 2019, including HK$1,200,000 for audit services and HK$425,000 for audit-related services[115]. - The directors confirmed their responsibilities for preparing consolidated financial statements that provide a true and fair view of the group's financial position and comply with relevant laws and listing rules[116]. - The audit opinion states that the financial statements give a true and fair view of the Group's financial performance and cash flows for the year ended December 31, 2019[178].

Financial Performance - The Group recorded significant growth in revenue and profit after tax, primarily driven by increased sales of e-cigarette products [8]. - The Group's total revenue for the six months ended 30 June 2019 was approximately HK$666.7 million, representing an increase of approximately 137.8% compared to HK$280.4 million for the same period in 2018 [11]. - Gross profit for the six months ended 30 June 2019 was approximately HK$162.3 million, with a gross profit margin of approximately 24.3%, up from 22.9% in the same period of 2018 [16]. - The e-cigarettes products segment revenue was approximately HK$467.5 million, accounting for approximately 70.1% of total revenue, representing an increase of approximately 380.7% from HK$97.2 million in 2018 [13]. - Profit attributable to equity holders of the company for the six months ended 30 June 2019 was approximately HK$65.9 million, representing an increase of approximately 1,606.9% from HK$3.9 million for the same period in 2018 [18]. - Basic earnings per share attributable to equity holders were approximately 10.63 HK cents, up from 0.69 HK cents in 2018 [11]. - Profit before tax increased to HK$87,963,000, a substantial rise from HK$7,739,000 in the previous year, marking an increase of 1031.5% [59]. - Total comprehensive income for the period attributable to equity holders of the Company was HK$67,131,000, significantly higher than HK$501,000 in the same period of 2018 [61]. Revenue Segmentation - Revenue for the integrated plastic solutions segment experienced high single-digit growth compared to the same period in 2018 [8]. - The integrated plastic solutions segment revenue was approximately HK$199.2 million, accounting for approximately 29.9% of total revenue, representing an increase of approximately 8.8% from HK$183.1 million in 2018 [13]. - Segment revenue for e-cigarettes products reached HK$467,453,000, while integrated plastic solutions generated HK$199,218,000, totaling HK$666,671,000 for the six months ended June 30, 2019 [113]. - Revenue from the sale of e-cigarettes products reached HK$467,453,000, compared to HK$97,235,000 in the prior year, indicating a growth of about 381.5% [141]. - Revenue from the sale of moulds and plastic products was HK$199,218,000, up from HK$183,128,000, reflecting an increase of approximately 8.8% [141]. Costs and Expenses - Selling and distribution costs for the six months ended 30 June 2019 were approximately HK$6.4 million, representing a decrease of approximately 11.0% from HK$7.1 million in 2018 [16]. - Administrative and other operating expenses for the six months ended 30 June 2019 were approximately HK$67.0 million, representing an increase of approximately 66.1% from HK$40.3 million for the same period in 2018 [18]. - Employee benefits expenses rose to HK$91,258,000, up 51.5% from HK$60,237,000 in the prior year [150]. - The total income tax expenses for the six months ended June 30, 2019, amounted to HK$22,044,000, compared to HK$3,877,000 in 2018, reflecting a substantial increase [152]. - The finance costs decreased to HK$4,893,000 from HK$5,345,000, showing improved cost management [146]. Cash Flow and Liquidity - As at 30 June 2019, the group had cash and cash equivalents of approximately HK$122.2 million, an increase from HK$61.4 million as of 31 December 2018 [23]. - Total cash generated from operating activities was HK$203,779,000, significantly improving from a cash outflow of HK$15,741,000 in the same period last year [81]. - Cash and cash equivalents at the end of the period amounted to HK$122,172,000, representing a significant increase of 51.4% from HK$80,686,000 at the end of June 2018 [83]. - The net cash used in investing activities amounted to HK$34,139,000, compared to HK$22,285,000 in the previous year [81]. - Cash from financing activities resulted in a net outflow of HK$80,090,000, contrasting with an inflow of HK$103,592,000 in the prior year [81]. Strategic Initiatives - The Group plans to expand its research and development team and upgrade production lines with new high-precision mould making and plastic injection machines [8]. - The Group aims to match its competitive strengths with products that have good prospects for continuous growth [8]. - The Group is advancing towards an automated production process as part of its future development strategy [8]. - The Group's focus on e-cigarettes and integrated plastic solutions indicates a strategic emphasis on these segments for future growth and market expansion [109]. Market Conditions - The regional economy faced risks due to the Sino-US trade war, negatively impacting market demand for many consumer products [8]. - The overall market demand for consumer products was negatively affected during the first half of 2019 [8]. - The impact of new laws and regulations on e-cigarette consumption in various overseas countries is expected to be limited [8]. Corporate Governance - The Company has complied with the Corporate Governance Code during the six months ended 30 June 2019 [36]. - The audit committee reviewed the Group's unaudited consolidated financial statements for the six months ended 30 June 2019 [39]. - All Directors confirmed compliance with the Model Code during the six months ended 30 June 2019 [39]. Shareholder Information - The Company declared an interim dividend of HK1.5 cents per ordinary share for the six months ended 30 June 2019, compared to HK$nil for the same period in 2018 [41]. - Mr. Chan Tsan Lam holds 373,395,000 shares, representing a 60.2% interest in the Company [43]. - As of June 30, 2019, Oceanic Green and New Strength each held 127,100,000 shares, representing 20.5% of the company's issued ordinary shares [51]. - The company adopted a Share Option Scheme on May 28, 2019, allowing for the issuance of up to 62,000,000 shares, which is 10% of the shares in issue at the time [56]. Accounting Standards - The interim financial statements have been prepared in accordance with HKAS 34, reflecting the company's commitment to transparency and compliance with accounting standards [89]. - The Group adopted HKFRS 16, resulting in the recognition of long-term lease liabilities previously classified as operating leases, amounting to HK$42,879,000 [94]. - The transition to HKFRS 16 impacted the consolidated statement of financial position, with right-of-use assets recognized at HK$140,007,000 [104].

Financial Performance - The Group's total revenue for the year ended December 31, 2018, was approximately HK$959.9 million, representing a year-on-year increase of approximately 67.6% compared to HK$572.9 million in 2017[11]. - Profit attributable to owners of the Company was approximately HK$75.8 million, significantly higher than HK$20.1 million in 2017, with basic earnings per share of approximately HK12.80 cents compared to HK4.32 cents in 2017[11]. - Revenue for the year ended December 31, 2018, was approximately HK$959.9 million, representing an increase of approximately HK$387.0 million or 67.6% from HK$572.9 million for the year ended December 31, 2017[26]. - Profit before tax increased significantly to HK$104,282,000, compared to HK$31,025,000 in the previous year, marking a 236.5% growth[193]. - Profit for the year attributable to equity holders was HK$75,755,000, a substantial increase from HK$20,078,000 in 2017, reflecting a 276.5% rise[196]. - Total comprehensive income for the year attributable to equity holders was HK$70,924,000, up from HK$37,026,000 in 2017, representing an increase of 91.5%[196]. Gross Profit and Margins - The Group recorded a gross profit of approximately HK$237.8 million, with a gross profit margin of approximately 24.8%, up from 23.4% in 2017[11]. - Gross profit for the year ended December 31, 2018, was approximately HK$237.8 million, an increase of approximately HK$103.8 million or 77.4% from HK$134.0 million for the year ended December 31, 2017[26]. - The gross profit for the integrated plastic solutions segment for 2018 was approximately HK$110.0 million, an increase of approximately HK$52.4 million or 91.0% from approximately HK$57.6 million for 2017[26]. - The gross profit for e-cigarettes in 2018 was approximately HK$127.8 million, an increase from HK$76.4 million in 2017, although the gross profit margin decreased from 30.5% in 2017 to 26.3% in 2018[29]. Capital Expenditure and Investments - Capital expenditure during the period was approximately HK$138.2 million, primarily for new machines acquired and installed at the new site in Huizhou[11]. - The company invested HK$57.1 million in 49 sets of plastic injection machines and their automated ancillary equipment, representing 73.6% of the total proceeds[42]. - An investment of HK$8.0 million was made for advanced equipment for an automated PET manufacturing line, with HK$1.8 million remaining unutilized[42]. - The Group plans to expand production capacity by adding highly automated machinery and constructing new factory premises with a total floor area of approximately 78,000 sqm, expected to commence in the second half of 2019[14]. Market and Product Segments - The integrated plastic solutions segment revenue for the year ended December 31, 2018, was approximately HK$474.3 million, an increase of approximately HK$152.4 million or 47.3% from HK$321.9 million for the year ended December 31, 2017[26]. - The e-cigarettes products segment revenue for the year ended December 31, 2018, was approximately HK$485.7 million, representing an increase of approximately HK$234.7 million or 93.5% from HK$251.0 million for the year ended December 31, 2017[26]. - The Group aims to capture market growth in integrated plastics solutions and e-cigarette products through capacity expansion and equipment upgrades[13]. Corporate Governance and Management - The company has complied with all applicable code provisions of the Corporate Governance Code, except for code provision A.2.1[63]. - The Company has adopted the Model Code for Securities Transactions by Directors to regulate dealings in its securities[63]. - The independent non-executive directors have confirmed their independence in accordance with Rule 3.13 of the Listing Rules[75]. - The Company established an audit committee on February 8, 2018, in compliance with the Listing Rules and CG Code[103]. Financial Position and Risks - As of 31 December 2018, the Group had cash and cash equivalents of approximately HK$61.4 million, up from HK$18.6 million in 2017[34]. - The Group's gearing ratio as of 31 December 2018 was 52.7%, a decrease from 85.3% in 2017[34]. - The Group's ability to continue as a going concern is assessed by the directors, who must disclose relevant matters[182]. - Significant adjustments would be required to the consolidated financial statements if the Group is unable to operate as a going concern[178]. Shareholder Information - The board recommended a final dividend of HK$3.0 cents per share for the year ended December 31, 2018, subject to shareholder approval[47]. - The proposed final dividend is expected to be paid on 10 July 2019 if approved[141]. - Shareholders holding at least 10% of the paid-up capital have the right to request the Board to convene an extraordinary general meeting[126]. Internal Controls and Audit - The Audit Committee assists the directors in overseeing the Group's financial reporting process[182]. - The Group's internal control and risk management systems were deemed effective as of December 31, 2018, with no significant issues identified requiring major amendments[125]. - The auditor evaluates the appropriateness of accounting policies and the reasonableness of accounting estimates made by the directors[187]. Employee Relations and Corporate Responsibility - The Group emphasizes the importance of relationships with employees, customers, and suppliers for sustainable development[135]. - The Group is committed to providing a fair and safe workplace, promoting diversity, and offering competitive remuneration packages based on performance[135].