Financial Performance - For the six months ended June 30, 2023, the company reported a total loss of HKD 49,581,000 compared to a loss of HKD 1,311,000 for the same period in 2022, representing an increase in loss of approximately 3,684%[11] - The company incurred administrative expenses of HKD 49,590,000 for the six months ended June 30, 2023, compared to HKD 18,000 for the same period in 2022, reflecting a significant increase in operational costs[11] - The company reported a basic and diluted loss per share of HKD 1.983 for the six months ended June 30, 2023, compared to HKD 0.265 for the same period in 2022[11] - The company has not generated any revenue from operations, with interest income of HKD 9,000 reported for the period[11] - The company has not generated any revenue for the six months ended June 30, 2023, consistent with the previous period[30] - The company recorded a total loss of approximately HKD 49.6 million during the reporting period, primarily due to expenses related to equity-settled share payments associated with the completion of the SPAC merger transaction[120] Cash and Liquidity - The company had cash and cash equivalents of HKD 4,528,000 as of June 30, 2023, down from HKD 39,921,000 at the beginning of the period, indicating a decrease of approximately 88.7%[3] - The cash and cash equivalents decreased by HKD 35,393,000 during the reporting period[37] - The company has classified the funds in the escrow account as non-current assets due to uncertainty regarding the completion of the special purpose acquisition company transaction within the next 12 months[34] - The company received total proceeds of approximately HKD 1,001.0 million from the sale, all held in cash or cash equivalents in an escrow account[132] - The remaining funds of about HKD 4.5 million will be utilized for operational purposes, including expenses related to potential mergers and acquisitions[160] Liabilities and Financial Position - The net current liabilities as of June 30, 2023, were HKD 1,033,784,000, slightly increasing from HKD 1,030,813,000 at the end of 2022[3] - As of June 30, 2023, the company's net current liabilities and net debt were HKD 1,033,784,000 and HKD 32,784,000, respectively[29] - The company had current liabilities of approximately HKD 1,062.4 million as of June 30, 2023, which included accrued expenses and other payables of about HKD 59.9 million[98] - The company had accrued expenses of HKD 35.81 million as of June 30, 2023, down from HKD 67.44 million as of December 31, 2022, representing a decrease of approximately 47%[80] Share Capital and Securities - The company issued and outstanding 100,100,000 Class A shares and 50,050,000 listed warrants as of June 30, 2023, with an additional 25,000,000 Class B shares issued[7] - The average number of ordinary shares outstanding was 25,000,000 for the period, compared to 4,938,272 for the same period in 2022[33] - As of June 30, 2023, the company had 40,000,000 outstanding warrants with an exercise price of HKD 11.50[66] - The estimated fair value of each Class B share option is HKD 10.0, based on the issuance price of Class A shares[64] - The company reported a share-based payment expense of HKD 41,286 thousand related to Class B share options for the six months ended June 30, 2023[68] Business Strategy and Operations - The company has not yet identified any potential business combination targets and has not engaged in any substantial discussions regarding such transactions as of June 30, 2023[6] - The company anticipates that it will only generate operating income beyond interest income after completing a business combination transaction[17] - The company plans to address its financial challenges through loans provided by the joint sponsors[29] - The company aims to negotiate attractive valuations and favorable acquisition terms for potential SPAC transactions[71] - The company is focused on managing operational expenses while negotiating and conducting due diligence on potential SPAC merger targets[127] Compliance and Governance - The company has not adopted any new standards or interpretations that have a significant impact on its accounting policies during the reporting period[25] - The company is in compliance with applicable accounting standards and regulations, as confirmed by the audit committee[167] - The company has maintained its commitment to corporate governance standards, despite deviations in certain areas[163] - The company will continue to incur compliance-related expenses, including legal, financial reporting, accounting, and audit compliance costs[123] Future Outlook - The company has a 36-month period from the listing date to complete the special purpose acquisition company transaction, with potential consequences if this is not achieved[44] - The company remains optimistic about the recovery and accelerated development of the Chinese economy despite potential challenges in 2023[122] - The company plans to continue exploring strategic opportunities and potential mergers and acquisitions[171]

Financial Performance - The company recorded a total loss of approximately HKD 72.1 million during the reporting period, mainly due to listing expenses and the amortization of costs related to redeemable Class A shares[18]. - The company did not generate any revenue during the reporting period and expects to start generating operating income only after the completion of its special purpose acquisition company (SPAC) merger[30]. - The company incurred listing expenses of approximately HKD 3.9 million and transaction costs related to redeemable Class A shares of approximately HKD 64.4 million during the reporting period[30]. - The company incurred a loss of HKD 72,134,000 during its special purpose acquisition company merger transactions and expects to continue incurring significant costs[163]. Assets and Liabilities - As of December 31, 2022, the company's non-current assets were approximately HKD 1,001.0 million, all of which were restricted bank deposits[10]. - The company's current liabilities as of December 31, 2022, were approximately HKD 1,070.7 million, primarily consisting of accrued expenses and other payables of about HKD 67.4 million[11]. - As of December 31, 2022, the company had no borrowings, resulting in an asset-to-liability ratio that is not applicable[26]. - As of December 31, 2022, the company's current liabilities net amount was HKD 1,030,813,000 and total liabilities net amount was HKD 29,813,000[163]. Capital Raising and Funding - The company raised a total of HKD 1,001.0 million from the issuance of Class A shares and warrants listed on December 23, 2022[5]. - The company received total proceeds of approximately HKD 1,001.0 million during the reporting period, which has been deposited in a custody account in Hong Kong[25]. - The total proceeds from the sale amount to approximately HKD 1,001.0 million, held in a custodial account in Hong Kong[71]. - The total amount from the sale of founder warrants was approximately HKD 20.0 million for underwriting commissions and HKD 13.5 million for other expenses[93]. - The company plans to use various funding sources for potential mergers, including proceeds from the sale of shares and warrants, investments from independent third-party investors, and debt financing[22]. Corporate Governance - The company has established three board committees: Audit Committee, Nomination Committee, and Remuneration Committee to oversee specific aspects of its affairs[102]. - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[99]. - The board of directors is responsible for the overall leadership and strategic decision-making of the company[102]. - The company has maintained a high standard of business ethics and corporate governance throughout its operations[121]. - The board has established a diversity policy to enhance performance, considering factors such as gender, skills, age, and industry experience[136]. - The company emphasizes compliance with the corporate governance code, ensuring the roles of chairman and CEO are distinct[149]. - The company has adopted a director nomination policy to ensure a balanced skill set and diversity within the board[152]. Shareholder Communication and Relations - The company emphasizes the importance of effective communication with shareholders to enhance investor relations and ensure informed investment decisions[192]. - The company has adopted a shareholder communication policy and maintains a website to provide updates on business operations, financial data, and corporate governance practices[193]. Mergers and Acquisitions - The company has not identified any specific merger targets for special purpose acquisition companies during the reporting period[19]. - The company will continue to monitor market trends and identify high-potential acquisition targets[20]. - The company expects to incur significant costs in evaluating and negotiating potential merger targets[22]. - The company aims to negotiate attractive valuations and favorable acquisition terms for potential SPAC merger transactions, leveraging the experience of its sponsors and management in the new economy sector[39]. - The company has no significant investments or acquisitions during the reporting period, focusing solely on completing the SPAC merger[28][36]. Risk Management - The company has established a risk management and internal control system aimed at protecting assets and ensuring compliance with regulations, providing reasonable assurance against significant misstatements or losses[189]. - The audit committee and board have reviewed the effectiveness of the risk management and internal control systems, finding them to be effective and adequate during the reporting period[190]. Board Composition and Meetings - As of December 31, 2022, the board consists of one female director and eight male directors, indicating a gender balance[137]. - The board composition includes three independent non-executive directors, meeting the requirements of the listing rules[124]. - The company has adopted a practice of holding at least four board meetings annually, approximately once per quarter[170]. - All board meetings are notified at least 14 days in advance, ensuring directors have sufficient time to review relevant documents[154]. - The company has not held any board meetings or shareholder meetings during the relevant period due to its listing on December 23, 2022[171]. Audit and Compliance - The company has appointed Hong Kong Lixin Dehao CPA Limited as its auditor since its listing date, with no changes in auditors during the reporting period[116]. - The company has confirmed that all directors adhered to the standard code during the relevant period[171]. - The company will continue to review and monitor compliance with legal and regulatory requirements[174].

2. 編製基準 TechStar Acquisition Corporation （於開曼群島註冊成立的有限公司） （股份代號：7855） （權證代號：4855） TechStar Acquisition Corporation董事會欣然公佈本公司於2022年4月11日（本公司 註冊成立日期）至2022年12月31日期間的業績。 損益及其他全面收益表 2022年4月11日（註冊成立日期）至2022年12月31日期間 2 | --- | --- | --- | |---------------------------|--------|-------------| | | 附註 | 千港元 | | 非流動資產 受限制銀行存款 | 9 | 1,001,000 | | | | | | 流動資產 | | | | 現金及現金等價物 | | 39,921 | | 流動負債 | | | | 應計費用及其他應付款項 | | 67,444 | | 應付發起人款項 | | 788 | | 可贖回 A 類股份 | 10 (a) | 1,001,000 | | 權證負債 | 10 (b) | 1,502 | | | | 1,070, ...