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，並明確表示概不會對本公告的全部或任何部分內容所產 生或因依賴該等內容而引致的任何損失承擔任何責任。 1 APEX ACE HOLDING LIMITED 光麗科技控股有限公司* （於開曼群島註冊成立的有限公司） （股份代號：6036） 有關二零二三年年報 之補充公告 茲提述光麗科技控股有限公司（「本公司」）截至二零二三年十二月三十一日止年 度之年報（「二零二三年年報」）。除文義另有所指外，本公告所用詞彙與二零二 三年年報所界定者具有相同涵義。 下文載列有關(i)全球發售的未使用所得款項淨額；及(ii)限制性股份獎勵計劃的若干 資料，以補充二零二三年年報中的披露： 1. 誠如二零二三年年報所披露，於二零二三年十二月三十一日，（全球發售募集的 116.9百萬港元中）合共約39.4百萬港元的所得款項淨額仍未使用（「未使用所得 款項」） 。未使用所得款項的詳情載列如下： | --- | --- | --- | --- | --- | --- | --- | |----------|-------------- ...

Financial Performance - In 2023, the Group achieved revenue of approximately HK$2,529.8 million, representing a decrease of 5.9% compared to the previous year[14]. - The attributable net loss to owners of the Company was approximately HK$16.2 million, a significant decrease of approximately 50.1% from HK$32.4 million in 2022[14]. - Revenue from digital storage products amounted to HK$1,753.9 million, down from HK$2,020.0 million in 2022, while gross profit increased by 117.9% to HK$97.0 million[60]. - The gross profit margin for digital storage products improved to 5.5% in 2023 from 2.2% in 2022[60]. - Revenue from general components was HK$775.9 million, an increase from HK$669.1 million in 2022, but gross profit decreased by 4.7% to HK$67.0 million[62]. - The gross profit margin for general components decreased to 8.6% in 2023 from 10.5% in 2022 due to lower demand[62]. - The Group's overall gross profit for 2023 was HK$164.0 million, representing an increase of 42.8% compared to HK$114.9 million in 2022[69]. - The gross profit margin for the Group improved to 6.5% in 2023 from 4.3% in 2022[69]. - The Group recorded a net loss of HK$10.2 million for 2023, an improvement from a net loss of HK$33.0 million in 2022, mainly due to increased gross profit from improved sales performance in the second half of 2023[87]. - Net loss attributable to the owners of the Company for 2023 was HK$16.2 million, compared to HK$32.4 million in 2022, with losses partially offset by a rebound in unit prices in the second half of 2023[88]. Market Trends and Opportunities - The storage chip segment is expected to bottom out in the second half of 2023, with gradual recovery in the consumer electronics market[16]. - The semiconductor industry is anticipated to end its downward trend, driven by demand for high-performance chips in emerging fields such as AI and IoT[16]. - New markets are emerging in industries like new energy, 5G, and autonomous driving, providing growth opportunities for the semiconductor industry[16]. - The global semiconductor market is expected to return to growth in 2024 due to increased demand for AI and High Performance Computing[20]. - China's total automobile sales are projected to reach 31 million vehicles in 2024, a year-on-year growth of 3%, with new energy vehicle sales exceeding 11.5 million, representing over 20% growth[21][24]. - The National Energy Administration forecasts that China's new wind power and photovoltaic installed capacity will reach approximately 200 million kilowatts in 2024[21][24]. - The semiconductor market is expected to benefit significantly from the advancement of in-vehicle entertainment systems and advanced driver assistance systems (ADAS) due to the push for automobile intelligence and electrification[22][25]. - IGBT power devices are identified as core semiconductor components for photovoltaic inverters, wind power converters, and energy storage converters, indicating substantial future development potential[22][25]. - The global semiconductor sales are expected to grow by 13.1% in 2024, reaching US$588.36 billion according to WSTS[134][139]. - The demand for high-performance chips in emerging fields such as artificial intelligence and the Internet of Things is expected to increase in the medium to long term[134][139]. Corporate Governance and Management - Ms. Lo Yuen Lai has been appointed as an executive director since March 22, 2019, and has held various positions within the company since 2015[33]. - Mr. Cheung Siu Kui has served as an independent non-executive director since February 15, 2018, and is the chairman of the Remuneration Committee[34]. - Mr. Yim Kwok Man has over 20 years of experience in corporate finance and has been an independent non-executive director since February 15, 2018[38]. - Dr. Chow Terence, appointed as an independent non-executive director on February 15, 2018, has a background in medicine and founded the first private medical group in Hong Kong with its own CT machine[39]. - The company has a diverse board with members having extensive experience in finance, healthcare, and technology sectors[36][39]. - The management team includes individuals with significant experience in strategic planning and operational support for the Greater China market[34]. - The company is focused on maintaining strong corporate governance through its independent non-executive directors[34][38]. - The Board consists of three executive Directors and three Independent Non-Executive Directors (INEDs), ensuring a balanced governance structure[159]. - The INEDs have confirmed their independence in accordance with the Listing Rules, contributing to the Board's effectiveness[161]. - The Board has delegated day-to-day responsibilities to executive Directors and senior management, while retaining oversight of strategic decisions and performance[173]. Operational Efficiency and Strategy - The Group expanded its product agency layout and improved the supply chain ecosystem, maintaining steady business development[15]. - A new energy product design company was established to design inverters and energy storage products under the Group's own brand[15]. - A trading platform company for new materials was set up to accelerate the introduction of new material products and expand new income sources[15]. - The Group aims to enhance its market presence in new energy and new materials sectors to improve business robustness and growth potential[27]. - The Group plans to improve management and operational efficiency to enhance profitability and deliver better performance to shareholders and investors[27]. - The Group focuses on sourcing and distributing quality electronic components to downstream manufacturers in the technology, media, and telecommunications sectors in Mainland China and Hong Kong[51]. - The Group is engaged in providing complementary technical support alongside the distribution of digital storage products and general electronic components[51]. - The Group continues to improve its supply chain ecosystem while expanding its product agency layout to strengthen competitive advantages[143][146]. - The Group has implemented a diversified development strategy to seize opportunities in the semiconductor market, focusing on both traditional and emerging markets[143][146]. Financial Position and Investments - As of December 31, 2023, total outstanding bank borrowings were approximately HK$759.1 million, up from HK$483.7 million in 2022, leading to an increase in the gearing ratio from 148.4% to 252.4%[96]. - Cash resources as of December 31, 2023, were approximately HK$96.5 million, slightly down from HK$99.6 million in 2022[89]. - The Group's financial statements are presented in HK$, with no significant exchange risk due to the pegging of HK$ to US$ and the low proportion of RMB revenue[97]. - The Company entered into a sale and purchase agreement to acquire a target property for HK$30.0 million, settled by issuing PSCS of HK$10.0 million and CB of HK$20.0 million[100]. - The PSCS has a distribution rate of 0.5% per annum and can convert into 28,570,000 shares, representing 2.66% of the issued shares as of 31 December 2023[100]. - The CB has a maturity of five years and an interest rate of 0.5% per annum, convertible into 57,140,000 shares, representing 5.31% of the issued shares as of 31 December 2023[101]. - The total conversion shares from both PSCS and CB represent 7.97% of the issued shares as of 31 December 2023[102]. - As of December 31, 2023, the Group's trade receivables secured banking facilities with an aggregate carrying amount of approximately HK$452.8 million, up from HK$138.5 million in 2022[107]. - The Group did not recommend any final dividend for the Year 2023, consistent with the previous year[108]. - The Group's leasehold land and buildings were valued at approximately HK$76.0 million as of 31 December 2023, down from HK$79.2 million in 2022[107]. - The Group's investment property had a legal charge of approximately HK$48.2 million as of 31 December 2023[107]. - There were no material contingent liabilities reported as of 31 December 2023[106]. - The Company has not held any significant investments and has no future plans for material investments or capital assets as of December 31, 2023[132][137]. Human Resources - The Group employed 141 employees as of 31 December 2023, a slight decrease from 144 in 2022[109]. - The Company granted 9,550,000 restricted shares under the Restricted Share Award Scheme, with 2,700,000 shares vested during the year 2023, leaving 4,940,000 unvested shares, representing 0.46% of the issued share capital as of December 31, 2023[115][116]. - The Custodian purchased a total of 7,145,000 shares for the Restricted Share Award Scheme, resulting in the Custodian holding 19,155,000 shares, which is 1.78% of the issued shares as of December 31, 2023[115][116].

Financial Performance - The revenue for the fiscal year 2023 was approximately HKD 2,529.8 million, a decrease of 5.9% compared to fiscal year 2022[2]. - The gross profit for fiscal year 2023 was approximately HKD 164.0 million, an increase of 42.8% compared to fiscal year 2022[2]. - The net loss attributable to the company's owners for fiscal year 2023 was approximately HKD 16.2 million, compared to a net loss of HKD 32.4 million in fiscal year 2022[2]. - The basic loss per share for fiscal year 2023 was HKD 1.53, compared to HKD 3.13 in fiscal year 2022[6]. - The total comprehensive loss for the year was HKD 12.2 million, compared to HKD 39.0 million in the previous year[4]. - The group reported a net loss attributable to shareholders of HKD 16.2 million for the fiscal year 2023, compared to a loss of HKD 32.4 million in 2022, indicating an improvement of approximately 50%[36]. - The group’s total revenue for the fiscal year 2023 was HKD 2,529.8 million, a decrease from HKD 2,689.1 million in 2022, reflecting a decline of about 5.9%[29]. - The group’s other income for the fiscal year 2023 was HKD 3.7 million, down from HKD 5.3 million in 2022, representing a decrease of approximately 30.2%[29]. - The group’s pre-tax loss for the fiscal year 2023 was HKD 5.2 million, compared to a pre-tax loss of HKD 33.9 million in 2022, showing a significant reduction in losses[29]. Revenue Breakdown - Revenue from external customers in China for fiscal year 2023 was HKD 1,833.3 million, down from HKD 2,200.1 million in fiscal year 2022[16]. - In the fiscal year 2023, the revenue from the digital storage products segment was HKD 1,753.9 million, down from HKD 2,020.0 million in 2022, representing a decrease of approximately 13.2%[52]. - The total revenue contribution from the two main product segments, digital storage products and general components, was 69.3% and 30.7%, respectively, to the overall group revenue[54]. - The company's revenue in the semiconductor segment was HKD 775.9 million in 2023, up from HKD 669.1 million in 2022, although gross profit decreased by 4.7% to HKD 67.0 million[163]. Assets and Liabilities - The company's total non-current assets as of December 31, 2023, were HKD 176.7 million, down from HKD 188.1 million as of December 31, 2022[7]. - The company's cash and cash equivalents as of December 31, 2023, were HKD 96.5 million, compared to HKD 99.6 million as of December 31, 2022[7]. - The group’s trade receivables before impairment totaled HKD 818.1 million as of December 31, 2023, compared to HKD 562.7 million in 2022, indicating an increase of approximately 45.4%[42]. - The company’s trade payables as of December 31, 2023, totaled HKD 164.6 million, an increase from HKD 131.8 million in 2022[67]. - The total bank financing as of December 31, 2023, was approximately HKD 452.8 million, compared to HKD 138.5 million in 2022[165]. - As of December 31, 2023, the total liabilities amounted to HKD 1,000,057 thousand, an increase from HKD 645,025 thousand in the previous year[179]. Expenses and Costs - Sales and distribution expenses were approximately HKD 49.9 million in 2023, down from HKD 54.5 million in 2022, primarily due to a decrease in commission expenses[81]. - Administrative expenses decreased to HKD 78.1 million in 2023 from HKD 79.8 million in 2022, attributed to effective cost control measures[81]. - The cost of inventory recognized as expenses for the fiscal year 2023 was HKD 2,363,301, a decrease of 7.9% from HKD 2,567,228 in 2022[191]. - Research and development expenses amounted to HKD 2,882, a decrease from HKD 3,105 in the previous year[191]. - Employee costs, including directors' remuneration, totaled approximately HKD 2,605,000 for 2023, up from HKD 2,243,000 in 2022[192]. - Commission expenses significantly decreased to HKD 13,857 from HKD 24,722, reflecting a reduction of 44%[191]. Financing and Investments - The company issued convertible bonds with a term of five years at an interest rate of 0.5%, convertible into 57,140,000 shares, representing 5.31% of the issued shares as of December 31, 2023[87]. - The company issued convertible bonds amounting to HKD 20 million with a coupon rate of 0.5%, maturing on February 23, 2027, and holders can convert them into 57,140,000 shares at HKD 0.35 per share[168]. - The group’s financing costs for fiscal year 2023 were approximately HKD 35.3 million, an increase from HKD 20.0 million in 2022, due to higher usage of factoring loans and rising market interest rates[99]. - The company plans to establish a new office in China with an investment of HKD 5,027 million[119]. - The acquisition and establishment of the Shenzhen headquarters will require HKD 35,888 million, with 100% of the funds remaining unutilized[119]. Future Outlook and Strategy - The semiconductor market is expected to grow by 13.1% in 2024, reaching USD 588.36 billion, driven by demand in AI, IoT, and new energy applications[137]. - The company established a new energy product design company in 2022 to capitalize on growth opportunities in the renewable energy sector[126]. - The company plans to actively participate in global trade shows in 2024 to promote its self-branded inverters and energy storage products[126]. - The company is focusing on diversifying its development strategy to capture industry changes and enhance its competitive advantage in both traditional and emerging markets[140]. - The company is committed to achieving self-sufficiency in the semiconductor supply chain, accelerating the domestic substitution process[139]. - The company is actively optimizing its product structure and supply chain to mitigate the impacts of industry fluctuations[156].

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，並明確表示概不會對本公告的全部或任何部分內容所產 生或因依賴該等內容而引致的任何損失承擔任何責任。 APEX ACE HOLDING LIMITED 光麗科技控股有限公司* （於開曼群島註冊成立的有限公司） （股份代號：6036） 有關二零二二年年報及二零二三年中期報告 之補充公告 茲提述光麗科技控股有限公司（「本公司」）本公司截至二零二二年十二月三十一 日止年度之年報（「二零二二年年報」）及截至二零二三年六月三十日止期間的中 期報告（「二零二三年中期報告」）。除文義另有所指外，本公佈所用詞彙與二零 二二年年報及二零二三年中期報告（視情況而定）所界定者具有相同涵義。 以下有關本公司分別於二零一九年八月三十日採納限制性股份獎勵計劃（「限制性 股份獎勵計劃」）及二零一八年二月十五日採納購股權計劃若干資料，以補充二零 二二年年報及二零二三年中期報告中的披露： 1. 根據限制性股份獎勵計劃及購股權計劃授出可發行股份獎勵及購股權的股份 數目除以分別於(i)截至二零二二年十二月三十一日止的財政年度；及(ii)截 ...

Taxation - The effective corporate income tax rate for qualifying small and micro enterprises in China is 5% for taxable income exceeding RMB 1 million, applicable from January 1, 2023, to December 31, 2024[1]. Share Information - The weighted average number of ordinary shares for basic earnings per share calculation for the six months ended June 30, 2023, is 1,010,615,414 shares[3]. - The diluted earnings per share calculation includes a weighted average number of ordinary shares of 1,034,308,613[5]. - The Group held 17,090,000 shares as of June 30, 2023, compared to 14,710,000 shares as of December 31, 2022, under the Restricted Share Award Scheme[50]. - The average closing price of the shares for the five trading days preceding the grant date was approximately HK$0.312 per share, with 90,450,000 shares available for grant under the Restricted Share Award Scheme as of January 1, 2023, and June 30, 2023[127]. - As of June 30, 2023, Mr. Lee holds a total of 835,710,000 shares, representing 77.73% of the issued shares of the Company[153]. - Best Sheen, beneficially owned by Mr. Lee, holds 750,000,000 shares, accounting for 69.76% of the issued shares[155]. - Nicegoal, also owned by Mr. Lee, holds 85,710,000 shares, which is 7.97% of the issued shares[155]. - The total number of shares held by Mr. Lee and his associated entities indicates a significant concentration of ownership within the Company[153]. Financial Performance - The Group's revenue for the Review Period was approximately HK$929.6 million, representing a decrease of 43.1% compared to the Last Corresponding Period[79]. - The net loss attributable to the owners of the Company was approximately HK$17.7 million, compared to a net profit of approximately HK$6.5 million during 1H2022[85]. - The Group's gross profit for the Review Period amounted to approximately HK$50.6 million, a decrease of 32.6% compared to the Last Corresponding Period, while the gross profit margin was 5.4%[79]. - The decline in revenue was primarily due to the continued decline in the selling prices of certain products[79]. - The company reported a loss before tax of HK$17,751,000 for the first half of 2023, compared to a profit before tax of HK$12,931,000 in the first half of 2022[184]. - The loss attributable to owners of the company for the period was HK$17,688,000, compared to a profit of HK$6,509,000 in the same period last year[184]. - Total comprehensive expense for the period, net of tax, was HK$20,847,000, compared to a comprehensive income of HK$5,122,000 in the first half of 2022[184]. Cash and Liquidity - Cash and cash equivalents, including restricted balances, totaled HK$109,626,000 as of June 30, 2023, compared to HK$99,562,000 as of December 31, 2022, reflecting an increase of approximately 10.7%[21]. - The Group's cash and short-term deposits included a restricted balance of approximately HK$10,131,000 as of June 30, 2023, slightly up from HK$10,046,000 as of December 31, 2022[32]. - As of June 30, 2023, the Group's cash resources were approximately HK$109.6 million, an increase from HK$99.6 million as of December 31, 2022[106]. Trade Receivables and Payables - As of June 30, 2023, the Group's trade receivables amounted to HK$227,593,000, an increase from HK$138,532,000 as of December 31, 2022[30]. - The impairment allowance for trade receivables was HK$66,989,000 as of June 30, 2023, up from HK$63,449,000 as of December 31, 2022[43]. - The aging analysis of loans receivable shows a total of HK$96,555,000 overdue by more than 90 days as of June 30, 2023, compared to HK$131,812,000 in the previous period[22]. - Other payables and accruals decreased from HK$22,789,000 as of December 31, 2022, to HK$15,527,000 as of June 30, 2023[23]. Borrowings and Liabilities - The total outstanding bank borrowings amounted to approximately HK$562.4 million, up from HK$483.7 million as of December 31, 2022, resulting in a gearing ratio increase from 148.4% to 182.4%[106]. - The Group's total liabilities increased from HK$15,227,512,000 as of January 1, 2023, to HK$15,639,000,000 as of June 30, 2023[28]. - The Group's bank borrowings secured by trade receivables totaled HK$227,593,000 as of June 30, 2023, compared to HK$138,532,000 as of December 31, 2022[36]. Impairment and Losses - The impairment loss recognized for the period was HK$3,659,000, compared to a write-back of HK$663,000 in the previous period[15]. - An impairment loss on trade receivables of approximately HK$3.7 million was recognized during the Review Period, compared to a reversal of impairment loss of HK$4.4 million in 1H2022[79]. - As at 30 June 2023, trade receivables past due over one year amounted to HK$60.8 million, with a provision for impairment loss of HK$60.0 million[79]. Corporate Governance - The company has adopted the Model Code for securities trading by Directors, with all Directors confirming compliance throughout the Review Period[166]. - The company is committed to high standards of corporate governance and has complied with all applicable code provisions during the Review Period[159]. - The Audit Committee comprises three Independent Non-Executive Directors (INEDs), enhancing the balance of power within the company[167]. Market and Industry Trends - During the review period, semiconductor demand in the industrial and automotive markets reached 28% of total semiconductor demand in 2022, valued at US$83.1 billion and US$79.3 billion respectively, with annual growth rates of 24.2% and 13.4%[74]. - The tightening of chip export restrictions from the United States, Japan, and the Netherlands is expected to accelerate the localization of semiconductors in China[75]. - The new energy industry, particularly the electric vehicle market, has rapidly developed, creating new demands for chip applications[74]. Future Plans and Investments - The company plans to utilize the net proceeds from the Global Offering and the Placing, which amounted to approximately HK$116.9 million and HK$25.566 million respectively, for operational and developmental purposes[132]. - The company is enhancing its sales, marketing, and technical support team by recruiting staff and providing training, with an investment of $10.75 million[138]. - The company is improving its warehouse and office in Hong Kong with an investment of $4.6 million, expected to complete between Q3 2023 and Q4 2024[138]. - The company aims to enhance its market position by leveraging the growth in demand for energy storage and photovoltaic technologies[135].

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之任何損失承擔任何責任。 APEX ACE HOLDING LIMITED 光 麗 科 技 控 股 有 限 公 司* （於開曼群島註冊成立之有限公司） （股份代號：6036） 截至二零二三年六月三十日止六個月之 未經審核中期業績公告 業績摘要 • 929.6 二零二三年上半年的收益約為 百萬港元，較二零二二年上半年減少 43.1% • 50.6 32.6% 二零二三年上半年的毛利約為 百萬港元，較二零二二年上半年減少 • 17.7 二零二三年上半年的本公司擁有人應佔淨虧損約為 百萬港元（二零二二 6.5 年上半年：純利 百萬港元） • 1.67 二零二三年上半年的每股基本虧損為 港仙（二零二二年上半年：每股盈 0.64 ...

New Energy Vehicles - In 2022, China's new energy vehicle production and sales reached 7.058 million and 6.887 million units, representing year-on-year growth of 96.9% and 93.4% respectively, maintaining the global leading position for eight consecutive years[10] - The anticipated annual growth rate for new energy vehicle production and sales is expected to remain above 40% over the next five years[10] - Production and sales of new energy vehicles in China reached 7,058,000 and 6,887,000 vehicles respectively in 2022, marking year-on-year growth of 96.9% and 93.4%[43] - By 2025, the total installed capacity for new energy by the "Five Major Power Groups and Four Minor Giants" is projected to reach 450GW, with a requirement of 50% for new energy capacity[86] - The Group established a new energy design team in 2022 to design inverters for photovoltaic power and energy storage applications[87] - The Group aims to enhance its competitiveness by diversifying into emerging fields such as automotive electronics and new energy[87] - The semiconductor industry's demand growth is shifting towards new energy vehicles, industrial control, and IoT facilities, with a new round of chip design innovation expected[87] - The Group will intensify research and development efforts in new energy and photovoltaic power to seize market opportunities arising from rapid industry development[87] Semiconductor Industry - The semiconductor equipment and material market is projected to remain prosperous, with global semiconductor capital expenditures amounting to US$181.7 billion in 2022, a year-on-year increase of 19%[21] - The semiconductor industry is expected to see a gradual recovery in demand for industrial applications as macroeconomic conditions improve and supply-demand balance is restored[20] - The semiconductor industry has entered a downward cycle as consumer market demand weakens, particularly in personal computers and consumer electronics[37] - Demand for chips in automotive electronics, high-power renewable energy, energy storage, and industrial automation remains high, presenting new opportunities for semiconductor enterprises[37] - The semiconductor industry is expected to maintain an uptrend in overall market demand throughout 2023, driven by emerging fields such as 5G/6G, AI, and autonomous driving[41] - The global semiconductor industry is expected to rebound from the bottom in 2023 due to the recovery of downstream demand and the gradual release of chip inventory pressure[86] - The market demand for automotive semiconductors is expected to rise, driven by increasing demand for new energy vehicles in Mainland China and abroad[86] - The Chinese government has introduced a series of policies to support the semiconductor industry, recognizing it as a key strategic emerging industry[23] - In 2022, the government included "enhancing the core competitiveness of manufacturing" in its work report, indicating strong policy support for the semiconductor sector[23] - The global economy slowed down in 2022 due to the Russian-Ukrainian conflict, raw material price fluctuations, and the ongoing pandemic, impacting the semiconductor industry[37] - The domestic semiconductor industry in Mainland China faced business austerity due to U.S. suppression, leading to reduced orders from chip suppliers[37] - The semiconductor market is experiencing steady growth due to the accelerated development of new technologies in automobile electronics and IoT[42] Financial Performance - The Group recorded revenue of HK$2,689.1 million in 2022, representing a slight growth compared to 2021, while the loss attributable to owners was HK$32.4 million, a reversal from a profit of HK$6.7 million in 2021 due to a decrease in gross profit[41] - The Group achieved revenue of HK$2,689.1 million in 2022, a slight increase compared to 2021, while the loss attributable to owners was HK$32.4 million, down from a profit of HK$6.7 million in 2021, primarily due to a drop in gross profit margin and rising interest rates[63] - Gross profit for the Year 2022 decreased by 49.2% to HK$114.9 million, with a gross profit margin of 4.3%, down from 8.6% in Year 2021[96] - Revenue from Digital Storage Products contributed 75.1% of the total revenue, while General Components accounted for 24.9% in Year 2022[96] - Revenue from the product segment amounted to HK$2,020.0 million, with a gross profit of HK$44.5 million, representing a decrease of 69.6% compared to Year 2021[96] - General Components segment achieved revenue of HK$669.1 million, with a gross profit of HK$70.4 million, reflecting an 11.7% decrease in gross profit[96] - The net loss for the year 2022 was HK$33.0 million, compared to a net profit of HK$16.6 million in 2021, indicating a significant decline in profitability[103] - The net loss attributable to the owners of the Company for 2022 was HK$32.4 million, a deterioration from a net profit of HK$6.7 million in 2021, primarily due to rising product costs outpacing selling price increases[103] - Other income dropped from HK$9.7 million in Year 2021 to HK$5.3 million in Year 2022, primarily due to a decrease in commission income[96] - The Group expects inventory levels and gross profit margins to return to long-term industry levels following volatility in 2021 and 2022[96] Corporate Governance - The Board comprised three (3) executive Directors and three (3) INEDs during the Year 2022[117] - The Company held nine (9) Board meetings, one (1) AGM, and one (1) extraordinary general meeting in 2022[122] - All executive Directors attended 100% of the Board meetings and AGMs, with one INED attending 8 out of 9 Board meetings[122] - The Company Secretary provided updates on the latest developments in the Listing Rules and other relevant legal requirements to the Board[125] - Each newly appointed Director received a comprehensive induction package to understand the Company's operations and governance policies[125] - The Company ensured that all Directors participated in continuous professional development relevant to their roles[125] - The Board is collectively responsible for promoting the success of the Company by directing and supervising its affairs[117] - The Company received written confirmations of independence from all INEDs in accordance with the Listing Rules[117] - The Board's responsibilities include overseeing strategic decisions and performance of the Group[117] - The Company Secretary maintained detailed minutes of all meetings, which were available for inspection by Directors[120] - The Board resolved not to recommend any final dividend for the year 2022, consistent with the previous year[129] - The Company has complied with all applicable code provisions of the CG Code during the Year 2022, except for a deviation from code provision C.2.1[132] - Mr. Lee serves as both Chairman and CEO, which the Board believes ensures consistent leadership and effective strategic planning[132] - The Board conducted a performance evaluation for Year 2022, with no material issues identified that require immediate improvement[132] - All Directors confirmed compliance with the Model Code for securities transactions throughout Year 2022[132] - The Board is responsible for major policy matters, strategies, budgets, and significant operational decisions, while day-to-day management is delegated to the executive team[134] - During Year 2022, executive Directors frequently met with the management team to maintain an effective feedback system[134] - The Board reviews its delegation of responsibilities regularly to ensure appropriateness based on the Company's circumstances[134] - Each Director has independent access to the Company's senior management team for advice[134] - The Company Secretary assists the Chairman in establishing meeting agendas, with detailed materials circulated at least three days prior to meetings[135] - All Directors have received guidelines regarding their duties, relevant laws, and disclosure of interest obligations[136] - The continuous professional development programs received by Directors included training types A and B[140] Operational Strategy - The Group aims to enhance its diversified product portfolio strategy and expand its customer base to improve core competitiveness and achieve high-quality development[21] - The Group aims to enhance customer engagement and diversify revenue sources through new product development and improved service capabilities[41] - The Group is committed to stricter financial management and cost reduction efforts to enhance operational efficiency[21] - The Group plans to implement stricter financial management and a diversified product strategy to enhance its competitive advantage and core capabilities[49] - The Group is actively negotiating repayment schedules with customers while seeking legal advice on potential actions against those who default[69] - The Group aims to maintain healthy business relationships with customers while taking reasonable steps to recover trade receivables, believing that customer performance will improve as the COVID-19 pandemic subsides[70] - The Group has been exploring new growth areas to strengthen future development despite short-term challenges from industry demand contraction in the second half of 2022[63] - The Group's strategy includes the acquisition of properties for HK$30.0 million, financed through the issuance of convertible bonds and perpetual subordinated convertible securities[81] - The Group's focus is on identifying, sourcing, selling, and distributing quality electronic components to downstream manufacturers in the technology, media, and telecommunications sector[62] - The Group did not have any material acquisitions or disposals of subsidiaries, associates, and joint ventures during the Year 2022[86] - As of December 31, 2022, the Group did not hold any significant investments and had no future plans for material investments or capital assets[86]

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，概不就因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 APEX ACE HOLDING LIMITED 光 麗 科 技 控 股 有 限 公 司* （於開曼群島註冊成立之有限公司） （股份代號：6036） 截至二零二二年十二月三十一日止年度之 年度業績公告 業績摘要 • 1.9% 2,689.1 2,640.1 收益增加 至 百萬港元（二零二一年度︰ 百萬港元） • 4.3% 8.6%) 毛利率為 （二零二一年度︰ • 32.4 二零二二年度的本公司擁有人應佔淨虧損為 百萬港元（二零二一年度：純 6.7 利 百萬港元）。 • 3.13 0.67 二零二二年度的每股基本虧損為 港仙（二零二一年度︰每股盈利 港 仙）。 ...

Financial Performance - The Group's revenue for the Review Period was approximately HK$1,634.9 million, representing an increase of 14.8% compared to the last corresponding period[10]. - Net profit attributable to owners of the Company was approximately HK$6.5 million, a decrease of 75.5% from HK$26.6 million in 1H2021[10]. - Gross profit for the Review Period decreased to approximately HK$75.2 million, down by 46.7% compared to HK$141.1 million in the Last Corresponding Period, with a gross profit margin of 4.6%[17]. - The gross profit margin decline was primarily due to product cost increases outpacing selling price increases during 1H2022[17]. - Revenue from digital storage products and general components contributed 79.5% and 20.5% of the Group's total revenue, respectively[15]. - Revenue from the digital storage product segment increased by 14.4% to approximately HK$1,299.5 million, while gross profit for this segment decreased by 54.7% to approximately HK$49.4 million[16]. - Revenue from general components increased by 16.3% to approximately HK$335.3 million, but gross profit decreased by 19.4% to approximately HK$25.7 million[16]. - Net profit for the Review Period was approximately HK$8.6 million, a significant decrease from HK$36.2 million in the Last Corresponding Period[23]. - Total comprehensive income for the period, net of tax, was HK$5,122,000, down from HK$36,555,000 in the same period last year[99]. - The Group's total profit for the period was HK$8,577 in 1H2022, down from HK$36,226 in 1H2021, a decrease of 76.4%[129]. Market Conditions - The semiconductor industry has shifted from a comprehensive chip shortage to a structural one, leading to a gradual rebalance between supply and demand[9]. - Demand for consumer electronics weakened in the first half of 2022, while demand from the electric vehicle sector and high-performance computing continued to rise[9]. - The overall semiconductor industry faced pressure due to geopolitical tensions and a slowdown in global economic recovery[9]. - The ongoing pandemic in China caused production suspensions and logistics disruptions, negatively impacting both supply and demand sides of the chip industry[9]. - The semiconductor industry is experiencing a shift from comprehensive shortages to structural shortages, with certain markets still facing supply shortages[54]. - Interest rate hikes in the US are expected to dampen consumption and lead to an economic slowdown, impacting the chip industry significantly[51]. Financial Position and Cash Flow - As of June 30, 2022, the Group's cash resources were approximately HK$119.2 million, down from HK$143.7 million as of December 31, 2021[26]. - Total outstanding bank borrowings increased to approximately HK$578.9 million as of June 30, 2022, compared to HK$538.5 million as of December 31, 2021[26]. - The gearing ratio improved from 158.6% as of December 31, 2021, to 155.1% as of June 30, 2022, due to increased total equity from new share placements[26]. - The total cash flow from operating activities for the period was not explicitly stated but is critical for assessing liquidity[109]. - For the six months ended 30 June 2022, the net cash used in operating activities was HK$72,358,000, compared to a net cash generated of HK$73,229,000 in the same period of 2021, indicating a significant decline in operational cash flow[111]. - Cash and cash equivalents at the end of the period were HK$119,219,000, down from HK$139,740,000 at the end of 1H2021, indicating a decrease in liquidity[111]. Shareholder Information - As of June 30, 2022, Mr. Lee holds 835,710,000 shares, representing 77.73% of the issued shares of the Company[65]. - Best Sheen, a substantial shareholder, holds 750,000,000 shares, accounting for 69.76% of the issued shares[78]. - Nicegoal, another substantial shareholder, holds 85,710,000 shares, representing 7.97% of the issued shares[78]. Strategic Initiatives - The Group plans to enhance its warehouse and office in Hong Kong with an allocation of HK$4,600,000, of which HK$2,413,000 has been utilized as of June 30, 2022[40]. - The Group plans to implement a diversification strategy to expand its presence in emerging sectors such as 5G, artificial intelligence, and electric vehicles[56]. - The Group aims to strengthen its product portfolio and maintain continuous innovation to drive profit growth and reward shareholders[56]. - The Group is committed to long-term stable growth by capitalizing on the opportunities in the new energy sector[60]. - The Group's strategy includes enhancing market competitiveness and exploring new business opportunities in the renewable energy sector[60]. Compliance and Governance - The Audit Committee reviewed and confirmed the accounting principles and practices adopted by the Group, discussing auditing, internal control, risk management systems, and financial reporting matters[85]. - The interim financial statements are unaudited, reviewed by Graham H.Y. Chan & Co., in accordance with Hong Kong Standard on Review Engagements 2410[89]. - The Group adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2022, with no significant impact on its financial position and performance[120]. - The Group's financial reporting remains compliant with the latest accounting standards, ensuring transparency and accuracy in its financial statements[120]. Employee and Operational Metrics - The Group had 149 employees as of June 30, 2022, an increase from 140 employees as of December 31, 2021[32]. - Research and development expenses for 1H2022 amounted to HK$1,533,000, compared to HK$18,984,000 in 1H2021[144]. - Staff costs included in R&D expenses were approximately HK$1,147,000 for 1H2022, up from HK$988,000 in 1H2021[146].

Financial Performance - The Group recorded total revenues of approximately HK$2,640.1 million for the Year, with profits attributable to owners of the Company amounting to HK$6.7 million, compared to a loss of approximately HK$5.1 million in 2020[9]. - The Group's revenue for the Year was HK$2,640.1 million, representing an increase of 50.3% over that of Year 2020[39]. - Net profit for Year 2021 was HK$16.6 million, a significant increase from HK$0.1 million in Year 2020[46]. - The net profit attributable to the owners of the Company was HK$6.7 million in Year 2021, compared to a net loss of HK$5.1 million in Year 2020[46]. - Gross profit for the year amounted to HK$226.1 million, a 62.6% increase from HK$139.0 million in 2020, with a gross profit margin of 8.6%[44]. - The Group's digital storage products and general components accounted for 75.3% and 24.7% of total revenue, respectively[44]. - Revenue from digital storage products increased by 69.5% to HK$1,988.8 million, up from HK$1,173.7 million in 2020[40]. - General components revenue grew by 11.8% to HK$651.3 million, up from HK$582.3 million in 2020[40]. Market Trends and Demand - The semiconductor device prices rose due to supply chain disruptions and chip shortages caused by the COVID-19 pandemic, yet demand for chips increased, particularly in mobile, IT, and consumer electronics sectors[9]. - Future growth is expected to be driven by emerging fields such as 5G, AR/VR, IoT, AI, and autonomous driving, with overall market demand anticipated to maintain a growth trend in 2022[11]. - The increasing penetration rate of 5G mobiles and the growth in the value of individual semiconductors for 5G smartphones are expected to continuously expand the semiconductor market[13]. - The construction of 5G infrastructures is projected to boost demand for large capacity memories and storage in mobile applications, positively impacting semiconductor sales in the coming years[13]. - The demand for automobile electronics and IoT remains robust, driven by the implementation of 5G communication, which accelerates the popularization of IoT devices and increases the quantity of chips used in single automobiles[14]. - New energy vehicles are projected to achieve an annual growth of over 40% in both output and sales volumes over the next five years, significantly boosting the automobile-level semiconductor market size[15]. - The semiconductor market demand remained robust, driven by the surge in demand for semiconductor parts in emerging fields such as new energy vehicles[39]. - The semiconductor market is expected to benefit from government policies aimed at enhancing the core competence of manufacturing, sustaining strong growth momentum in the industrial electronics market[22]. Strategic Initiatives - The Group made strategic adjustments to product categories and implemented strict cost control measures to improve overall operating efficiency[9]. - The Group's strategy includes maintaining good relationships with main electronics distributors and upstream manufacturers to enrich product categories and drive growth[11]. - The Group plans to implement a diversified product portfolio strategy to expand its customer base and enhance comprehensive strength, aiming for high-quality development and considerable returns to shareholders[22]. - The Group plans to diversify its product offerings, including automotive electronic parts and passive components, to enhance business performance in various markets[69]. - The Group aims to establish a more flexible supply chain and strengthen cooperation with suppliers and customers to better respond to supply chain risks and opportunities[73]. - The Group will implement stricter financial management and refined corporate management to support greater growth and align expected revenue with current market conditions[74]. Corporate Governance - The Board consists of three executive directors and three independent non-executive directors, ensuring a balanced governance structure[80]. - The Group is committed to maintaining high standards of corporate governance and has adopted applicable code provisions[78]. - The Company has a structured approach to corporate governance, including the development and review of policies and practices related to compliance with legal and regulatory requirements[110]. - The Company has provisions for the removal of Directors by ordinary resolution at any general meeting, allowing for flexibility in governance[113]. - The Company Secretary assists in establishing meeting agendas and ensures timely distribution of materials to directors[88]. - The Board regularly reviews its delegation of responsibilities to ensure appropriateness in light of the Company's circumstances[86]. Risk Management - The Group has established a risk management and internal control system to safeguard the interests of the Company and its shareholders, with annual reviews conducted by the Audit Committee[146]. - The Audit Committee conducted a review of the effectiveness of the Group's risk management and internal control systems for the period from November 1, 2020, to October 31, 2021, with no major deficiencies noted[154]. - The Group's risk management and internal control systems are considered adequate and effective, with ongoing reviews expected annually[161]. - The highest category of residual risks is subject to oversight by the Board[155]. - The Group strictly prohibits unauthorized use of confidential or inside information[163]. Employee and Management Information - The Group employed 140 employees as of December 31, 2021, up from 128 employees in the previous year[55]. - The management team includes family members, indicating a strong internal connection within the leadership[24]. - The Group's leadership includes individuals with advanced degrees from prestigious institutions, enhancing their strategic capabilities[27]. - Each Executive Director has a service agreement with a term of three years, while Independent Non-Executive Directors (INEDs) renewed their appointments for a similar term starting from March 16, 2020[104]. Shareholder Engagement - The Company emphasizes ongoing dialogue with shareholders, particularly through Annual General Meetings (AGMs) to address inquiries[171]. - All resolutions at General Meetings are voted on by poll, with results posted on the Stock Exchange and Company websites[167]. - The Company maintains a website (www.apexace.com) for effective communication with shareholders and investors, providing access to financial and relevant information[172].