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,並表明不會就因本公告全部或任何部分内容而產生 或因倚賴該等內容而引致的任何損失承擔任何責任。 世大控股有限公司 GREAT WORLD COMPANY HOLDINGS LTD (於開曼群島註冊成立之有限公司) (股份代號:8003) 截至二零二三年十二月三十一日止九個月 第三季度美績公告 摘要 -0- 載 至 二 零 二 三 年 十 二 月 三 十 一 日 止 三 個 月 及 九 個 月 之 收 益 分 別 約 為 . 23,363.000港元及 71,941,000港元,而去年同期之收益則分別約為30,667,000 港 元及137,039,000 港元。 截至二零二三年十二月三十一 日止三個月及九個月之本公司擁有人應 佔 o 溢利/虧損分別約為 2,2,2,2,000 港 元(溢利)及 75,000 港元(虧 損),而去年 同期 則 錄 得 本 公司擁有人應佔虧損分別約為17,447,000 港元及30,974,000 港元。 董事會(「董事會」)不建議派付截至二零二三年十二月三十一日止九個 月 ...

Financial Performance - Revenue for the three months and six months ended September 30, 2023, was approximately HK$22,388,000 and HK$48,578,000, respectively, compared to HK$65,536,000 and HK$106,372,000 for the same periods last year, representing a decline of 65.8% and 54.4%[9] - Profit attributable to owners of the Company was approximately HK$636,000 (profit) for the three months and a loss of HK$2,367,000 for the six months ended September 30, 2023, compared to losses of HK$8,863,000 and HK$13,527,000 for the corresponding periods last year[9] - The Group's gross profit for the six months ended 30 September 2023 was approximately HK$11,273,000, compared to HK$8,109,000 for the same period last year[87] - Loss attributable to owners of the Company was approximately HK$2,367,000 for the six months ended 30 September 2023, which is approximately 82.5% lower than the loss of HK$13,527,000 for the same period last year[81] - The company reported a profit of HK$2,066,000 for the three months ended September 30, 2023, compared to a loss of HK$5,492,000 in the same period last year, marking a significant turnaround[89] - For the six months ended September 30, 2023, the company experienced a loss of HK$462,000, an improvement from a loss of HK$10,651,000 in the prior year[89] - Total comprehensive income for the three months was HK$1,671,000, compared to a loss of HK$14,769,000 in the same quarter of 2022[89] - The company reported a total comprehensive loss of HK$7,238,000 for the six months ended September 30, 2023, down from HK$26,668,000 in the previous year[89] Revenue Breakdown - Revenue from intelligent advertising and railroad media services for the three months ended September 30, 2023, was approximately HK$19,576,000, and for the six months, it was HK$45,441,000[32] - Revenue from agricultural, forestry, and consumer products for the three months ended September 30, 2023, was approximately HK$50,000, and for the six months, it was HK$100,000[34] - Revenue from the supply-chain business for the three months and six months ended September 30, 2023, was approximately HK$2,506,000[40] - The provision of mobile advertising media services generated revenue of HK$45,441,000 for the six months ended September 30, 2023, a decrease of 49.1% compared to HK$89,538,000 in the same period of 2022[111] - Revenue from external customers for the three months ended September 30, 2023, was HK$22,388,000, a decrease from HK$65,536,000 for the same period in 2022[126] Market Trends - The digital advertising market in China is projected to reach a market value of RMB450 billion by 2025, driven by the growth of mobile advertising[11] - Domestic tourism revenue in China reached RMB2.3 trillion in the first half of 2023, indicating a strong recovery in the travel and tourism market[15] - The agriculture industry in China is facing significant risks due to extreme weather events, impacting agricultural production[16] - The global traditional Chinese medicine market was valued at RMB1.5 trillion in 2022 and is expected to grow at a CAGR of 7%, reaching RMB2.2 trillion by 2027[17] - The China real estate market is predicted to see a potential drop of 10-15% in property sales this year, with ongoing challenges affecting buyer confidence[23] Economic Outlook - The global economic growth is projected to decline from 3.5% in 2022 to 3% in 2023, and further to 2.9% in 2024 according to IMF[48] - The tightening of monetary policy and geopolitical tensions are significant risk factors affecting the economic outlook, with China's growth slowing to 3.2% in 2022 due to strict lockdowns and property market weakness[54] Cash Flow and Liquidity - As of September 30, 2023, the Group's cash and bank deposits amounted to approximately HK$6,485,000, a decrease of approximately 40.41% compared to HK$10,882,000 as of March 31, 2023[64] - The Group had net current liabilities of approximately HK$67,659,000 as of September 30, 2023, compared to HK$60,840,000 as of March 31, 2023[64] - Cash and cash equivalents at September 30, 2023, were HK$6,485,000, down from HK$8,350,000 at the same date in 2022, reflecting a decrease of 22.3%[99] - The net decrease in cash and cash equivalents for the six months ended September 30, 2023, was HK$2,863,000, compared to a decrease of HK$21,351,000 in the same period of 2022, showing a reduction of approximately 86.6%[99] Investment and Growth Strategies - The Group is exploring investment opportunities in the NEV (New Energy Vehicles) industry to capitalize on the growing demand for eco-friendly transportation solutions[40] - The Group aims to diversify its product portfolio and expand income sources by actively monitoring various industries for potential investment opportunities[38] - The Group is leveraging its AI and Big Data platforms to explore new growth opportunities in digital marketing and investment decision-making[27][29] - The Group is focusing on developing unique rural tourism products as part of its strategy to tap into the recovering travel sector[31] Compliance and Governance - Compliance with laws and regulations is a priority for the Group, ensuring adherence to significant legal requirements that impact its operations[63] - The Group has implemented measures to mitigate potential economic downturns and is formulating strategies to enhance long-term profitability and sustainability[53] Employee and Operational Metrics - The Group had approximately 76 employees as of 30 September 2023, an increase from 65 employees as of 31 March 2023[78] - Administrative and other operating expenses for the six months ended 30 September 2023 amounted to approximately HK$11,135,000, a decrease of approximately 29.86% from HK$15,876,000 for the corresponding period last year[80] Assets and Liabilities - Non-current assets increased to HK$84,665,000 as of September 30, 2023, from HK$83,993,000 as of March 31, 2023[92] - Current assets decreased to HK$131,882,000 as of September 30, 2023, compared to HK$145,928,000 as of March 31, 2023[92] - Total liabilities of reportable segments as of September 30, 2023, were HK$139,223,000, compared to HK$129,150,000 as of September 30, 2022[126] Shareholder Information - The Board does not recommend the payment of an interim dividend for the six months ended 30 September 2023, consistent with the previous year[149] - The total issued and fully paid ordinary shares amount to 330,272,000 as of September 30, 2023, unchanged from March 31, 2023[197]

世 大 控 股 有 限 公 司 GREAT WORLD COMPANY HOLDINGS LTD （於開曼群島註冊成立之有限公司） 8003 （股份代號： ） 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 中 期 業 績 公 告 GEM 香港聯合交易所有限公司（「聯交所」） 之特點 GEM 之定位，乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小 型公司提供一個上市之市場。有意投資之人士應瞭解投資於該等公司之潛在 風險，並應經過審慎周詳之考慮後方作出投資決定。 GEM GEM 由於 上市公司一般是中小型公司，在 買賣之證券可能會較於主板買 GEM 賣之證券承受較大之市場波動風險，同時無法保證在 買賣的證券會有高 流通量之市場。 香港交易及結算所有限公司及聯交所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。 本公告（世大控股有限公司（「本公司」）各董事願共同及個別對此負全責）乃遵照 《聯交所GEM證券上市規則》之規定而提供有關本公司之資料。本公司各董事經 作出一切合理查詢後確認 ...

世 大 控 股 有 限 公 司 GREAT WORLD COMPANY HOLDINGS LTD （於開曼群島註冊成立之有限公司） 8003 （股份代號： ） 截 至 二 零 二 三 年 六 月 三 十 日 止 三 個 月 之 第 一 季 度 業 績 公 告 GEM 香港聯合交易所有限公司（「聯交所」） 之特點 GEM 之定位，乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小 型公司提供一個上市之市場。有意投資之人士應瞭解投資於該等公司之潛在 風險，並應經過審慎周詳之考慮後方作出投資決定。 GEM GEM 由於 上市公司一般是中小型公司，在 買賣之證券可能會較於主板買 GEM 賣之證券承受較大之市場波動風險，同時無法保證在 買賣的證券會有高 流通量之市場。 香港交易及結算所有限公司及聯交所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。 本公告（世大控股有限公司（「本公司」）各董事共同及個別對此負全責）乃遵照《聯 交所GEM證券上市規則》之規定而提供有關本公司之資料。本公司各董事經作 出一切合理 ...

Financial Performance - Revenue for the three months ended June 30, 2023, was approximately HK$26,190,000, a decrease of 35.9% compared to HK$40,836,000 for the same period last year[10]. - Loss attributable to owners of the Company was approximately HK$3,003,000 for the three months ended June 30, 2023, compared to a loss of approximately HK$4,664,000 for the same period last year, representing an improvement of 35.5%[10]. - Revenue from intelligent advertising and railroad media services was approximately HK$25,865,000 for the three months ended June 30, 2023, down from HK$40,411,000 for the same period last year, a decline of 36.1%[18]. - Revenue from the sales of agricultural, forestry, and food products was approximately HK$50,000 for the three months ended June 30, 2023, compared to HK$107,000 for the same period last year, a decrease of 53.3%[22]. - For the three months ended June 30, 2023, revenue from short-term leasing of the commercial portion of the property was approximately HK$275,000, down from HK$318,000 for the same period in 2022[31]. - Total comprehensive loss for the period was HK$8,909,000, compared to HK$11,899,000 for the same period last year, indicating a reduction of approximately 25.1%[67]. - The consolidated loss before tax for the period was HK$2,553,000, improving from a loss of HK$5,410,000 in the previous year[99]. - The basic and diluted loss per share for the period was HK$0.91, compared to HK$1.41 for the same period last year, showing an improvement in loss per share[65]. - The total profit of reportable segments for Q2 2023 was a loss of HK$548,000, compared to a profit of HK$3,443,000 in Q2 2022, indicating a decline in performance[93]. Cash and Liabilities - As of June 30, 2023, the Group's cash and bank deposits amounted to approximately HK$11,460,000, an increase of about 5.31% compared to HK$10,882,000 as of March 31, 2023[44]. - The Group's net current liabilities as of June 30, 2023, were approximately HK$70,142,000, compared to HK$60,840,000 as of March 31, 2023[44]. - The Group's gearing ratio was approximately -283% as of June 30, 2023, improving from -475% as of March 31, 2023[52]. - The Group's asset-liability ratio as of June 30, 2023, was approximately -283%, an improvement from -475% as of March 31, 2023[55]. Business Strategy and Opportunities - The Company is focusing on diversifying applications of its proprietary Big Data and AI technological platforms to explore new growth opportunities[12]. - The Group is actively seeking suitable investment opportunities in the recovering travel sector post-COVID-19, aiming to benefit from potential explosive growth[17]. - The Company is exploring potential investment opportunities in the Chinese medicine sector to tap into mass market consumption and provide additional growth potential[19]. - The Group is actively seeking stable and high-demand products to grow its car trading business, which shows promising growth potential[39]. - The Group is focused on expanding its AI technology platform and high-speed railroad media resources to develop new business lines targeting the recovery of domestic tourism in China[38]. Cost Management - The Group's administrative and other operating expenses decreased to HK$5,000,000 from HK$9,072,000 in the previous year, reflecting a reduction of approximately 44.5%[65]. - Staff costs decreased to HK$2,298,000 from HK$2,829,000, while equity settled share-based payment expenses were nil compared to HK$5,416,000 in the prior year[101]. - Cost of inventories sold was HK$21,687,000, down from HK$37,782,000, reflecting a 43% reduction[101]. Governance and Compliance - The Company has complied with the Corporate Governance Code throughout the three months ended June 30, 2023[128]. - The Board of Directors consists of three executive Directors, one non-executive Director, and three independent non-executive Directors[129]. - The Audit Committee regularly reviews the effectiveness of the internal control system and the quarterly, interim, and annual reports of the Group[136]. - The Company has confirmed compliance with the required standard of dealings for directors' securities transactions throughout the three months ended June 30, 2023[162]. Shareholder Information - As of June 30, 2023, Mr. Zhao Xinyan holds a total of 49,128,000 shares, representing approximately 14.88% of the issued share capital of the Company[146]. - Ms. Ng Mui King, Joky holds 33,792,000 shares, which is about 10.23% of the issued share capital of the Company[146]. - Win Bless Limited, beneficially owned by Mr. Zhao Xinyan, has 47,378,000 shares, accounting for approximately 14.35% of the issued share capital[155]. - Gold City Assets Holdings Ltd., beneficially owned by Ms. Ng Mui King, Joky, holds 33,792,000 shares, representing 10.23% of the issued share capital[155]. - Ms. Lin Shunping holds 19,900,000 shares, which is approximately 6.03% of the issued share capital of the Company[155].

世 大 控 股 有 限 公 司 GREAT WORLD COMPANY HOLDINGS LTD （於開曼群島註冊成立之有限公司） 8003 （股份代號： ） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 之 年 度 業 績 公 告 GEM 香港聯合交易所有限公司（「聯交所」） 之特點 GEM 之定位，乃為相比起其他在聯交所上市之中小型公司帶有較高投資風險 之公司提供一個上市之市場。有意投資之人士應瞭解投資於該等公司之潛在 風險，並應經過審慎周詳之考慮後方作出投資決定。 GEM GEM 由於 上市公司一般是中小型公司，在 買賣之證券可能會較於主板買 GEM 賣之證券承受較大之市場波動風險，同時無法保證在 買賣的證券會有高 流通量之市場。 香港交易及結算所有限公司及聯交所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。 本公告（世大控股有限公司（「本公司」）各董事願共同及個別對此負全責）乃遵照 《聯交所GEM證券上市規則》之規定而提供有關本公司之資料。本公司各董事經 作出一切合理查詢後 ...

Financial Performance - The Group recorded a total turnover of approximately HK$162,530,000 for the year ended 31 March 2023, representing a decrease of approximately 49.8% compared to approximately HK$323,634,000 of the previous year[16]. - Loss attributable to owners of the Company for the year was approximately HK$58,164,000, an increase of approximately 41.6% from HK$41,082,000 in 2022[16]. - The Board did not propose any dividend for the year, consistent with the previous year[16]. - For the fiscal year ending March 31, 2023, the Group reported revenue of approximately HK$162,530,000, a decrease of about 49.8% compared to HK$323,634,000 in the previous year, primarily due to the prolonged impact of the Covid-19 pandemic[105]. - Revenue from intelligent advertising and railroad media services was approximately HK$142,228,000, a decrease of 52.6% from HK$299,784,000 in 2022[71]. - Revenue from agricultural, forestry, and consumer products was approximately HK$18,316,000, down 18.7% from HK$22,507,000 in 2022 due to sluggish consumer demand[72]. - The Group's net current liabilities amounted to approximately HK$60,840,000 as at 31 March 2023, compared to HK$5,679,000 in 2022[103]. - The Group's gearing ratio was approximately 475% as at 31 March 2023, up from 128% in 2022[104]. Strategic Initiatives - The Company is pursuing new markets and implementing cost-saving measures to adapt to the changing economic landscape[17]. - The Company is exploring investment opportunities in innovative technologies to remain competitive[17]. - The Company aims to leverage its established supply chain network and media resources to expand into promising market segments, including international vehicle trading and domestic cultural and tourism products[17]. - The Group is actively seeking investment opportunities in the recovering travel sector to benefit from post-pandemic growth[68]. - The Group is exploring investment opportunities in promising traditional Chinese medicine products to penetrate the mass consumer market[89]. - The Group aims to broaden the application of its AI technology platform and high-speed railroad media resources to develop new business lines focused on the recovery of domestic tourism in China[86]. Governance and Management - The company expressed gratitude to shareholders, employees, and business partners for their invaluable contributions to success[21]. - The chairman of the company has over 30 years of experience in telecommunications, import and export trading, accounting, finance, and corporate management[26]. - The company has a strong executive team with diverse backgrounds in finance, marketing, and legal fields, enhancing its operational capabilities[30][31][34]. - The independent non-executive directors bring over 28 years of experience in accounting, auditing, and taxation, ensuring strong governance[30]. - The Board comprises three executive Directors, one non-executive Director, and three independent non-executive Directors, ensuring diverse professional experience[136]. - The Company has established three committees: Audit, Remuneration, and Nomination, to enhance corporate governance[146]. - The Audit Committee reviewed the financial results and internal control procedures, holding 5 meetings during the year[151]. - The Company has not appointed a Chief Executive Officer; day-to-day management is carried out by senior management and monitored by executive Directors[141]. Operational Efficiency - The company has implemented an ERP data operation analysis system and an intelligent business management system to enhance operational efficiency[37]. - The Group has adopted a conservative treasury policy to maintain necessary cash for anticipated expenditures and emergencies, with most bank deposits held in Hong Kong dollars[110]. - The internal control policy includes safeguarding assets and ensuring the accuracy of financial records and reports[190]. - Effective financial control measures have been implemented to manage liabilities and safeguard assets from inappropriate use or loss[191]. Market Trends - In 2023, China's digital advertising spending is projected to reach $173.6 billion, with digital media expected to account for 80% of total local advertising spending by 2024[42][46]. - Domestic travel volume in China recovered to 90% of pre-pandemic levels in Q1 2023, with approximately 1.2 billion domestic tourist trips made[45][47]. - The domestic tourism market is projected to continue growing, with key trends including short-distance and self-driving travel, as well as rural and nature-based tourism[49][53]. - The use of precise marketing, AI, and big data is becoming increasingly important for brands to target specific audiences in China's digital advertising market[43][46]. - OTT platforms are seeing significant penetration in second, third, and fourth tier cities in China, leading to increased advertising investments in these areas[44][46]. Economic Outlook - The economic outlook for 2023 is mixed, with global growth negatively impacted by international tensions, but China's focus on innovation and technology offers growth hope[84]. - The economic outlook for 2023 is complex, influenced by geopolitical tensions and the ongoing Ukraine conflict, but China's commitment to economic reform and innovation offers growth opportunities[88]. - Standard & Poor's expects China developer sales to decline by about 3% to 5% in 2023, which is an improvement from the previously forecasted 5% to 8% drop[60].

世 大 控 股 有 限 公 司 GREAT WORLD COMPANY HOLDINGS LTD （於開曼群島註冊成立之有限公司） 8003 （股份代號： ） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 之 年 度 業 績 公 告 GEM 香港聯合交易所有限公司（「聯交所」） 之特點 GEM 之定位，乃為相比起其他在聯交所上市之中小型公司帶有較高投資風險 之公司提供一個上市之市場。有意投資之人士應瞭解投資於該等公司之潛在 風險，並應經過審慎周詳之考慮後方作出投資決定。 GEM GEM 由於 上市公司一般是中小型公司，在 買賣之證券可能會較於主板買 GEM 賣之證券承受較大之市場波動風險，同時無法保證在 買賣的證券會有高 流通量之市場。 香港交易及結算所有限公司及聯交所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。 本公告（世大控股有限公司（「本公司」）各董事願共同及個別對此負全責）乃遵照 《聯交所GEM證券上市規則》之規定而提供有關本公司之資料。本公司各董事經 作出一切合理查詢後 ...

Financial Performance - Revenue for the three months and nine months ended December 31, 2022, was approximately HK$30,667,000 and HK$137,039,000, respectively, compared to HK$66,363,000 and HK$291,024,000 for the corresponding periods last year, representing a decline of 53.8% and 52.9%[9] - Loss attributable to owners of the Company was approximately HK$17,447,000 and HK$30,974,000 for the three months and nine months ended December 31, 2022, compared to losses of HK$5,692,000 and HK$14,234,000 for the same periods last year, indicating an increase in loss of 206.5% and 117.5%[9] - For the nine months ended December 31, 2022, the Group recorded total revenue of approximately HK$137,039,000, representing a decrease of approximately 52.91% compared to HK$291,024,000 for the same period last year[43] - Loss attributable to owners of the Company was approximately HK$30,974,000 for the nine months ended December 31, 2022, which was approximately 117.61% higher than the loss of HK$14,234,000 for the corresponding period last year[44] - Total comprehensive loss for the period was HK$9,952,000 for the three months ended December 31, 2022, compared to HK$7,306,000 in the previous year, indicating a 36.0% increase in comprehensive losses[54] - The total comprehensive loss for the period ended 31 December 2022 was HK$22,400,000, compared to a loss of HK$9,312,000 for the same period in 2021[85] Revenue Breakdown - Revenue from intelligent advertising and railroad media services was approximately HK$30,340,000 and HK$119,878,000 for the three and nine months ended December 31, 2022, respectively[17] - Revenue from agricultural, forestry, and consumer products was approximately HK$56,000 and HK$16,295,000 for the three and nine months ended December 31, 2022, reflecting a decrease due to sluggish consumer demand[18] - No revenue was generated from the supply-chain business for the three and nine months ended December 31, 2022, due to persistent unfavorable market conditions[22] - Revenue from short-term leasing of the commercial portion of the property was approximately HK$271,000 and HK$866,000 for the three and nine months ended December 31, 2022[25] - The intelligent advertising and railroad media business generated revenue of HK$269,486,000, accounting for 76% of total revenue[72] - The agricultural, forestry, and consumer products business reported revenue of HK$20,502,000, which is a 12% increase year-over-year[72] - The supply-chain business recorded revenue of HK$4,000,000, with no significant changes compared to the previous year[72] - The property business reported a total revenue of HK$1,032,000, showing a slight decrease from the previous year[72] Cash and Liabilities - As of December 31, 2022, the Group's cash and bank deposits amounted to approximately HK$9,594,000, a decrease of approximately 50.39% from HK$19,339,000 as of March 31, 2022[32] - The Group had net current liabilities of approximately HK$29,822,100 as of December 31, 2022, compared to HK$5,679,000 as of March 31, 2022[32] - The Group's gearing ratio was approximately 242.95% as of December 31, 2022, up from 128% as of March 31, 2022, primarily due to the decrease in cash and bank deposits[41] Strategic Focus and Future Outlook - The Group is focusing on diversifying applications of its proprietary Big Data and AI technological platforms to find new growth opportunities in various sectors[11] - The Group is actively seeking investment opportunities in the business travel service market, which has shown strong recovery post-COVID-19[16] - The Group will seek investment opportunities in resilient sectors to develop new business lines and strengthen existing ones[30] - The economic outlook for 2023 is likely to be dim due to the financial repercussions of the COVID-19 pandemic and ongoing geopolitical tensions[29] - The Group will remain conservative and prudent towards profitability in the coming months while formulating strategies to enhance long-term profitability and sustainability[31] Shareholder Information - As of December 31, 2022, Mr. Zhao Xinyan holds a total of 49,128,000 shares, representing approximately 14.88% of the issued share capital of the Company[122] - Ms. Ng Mui King, Joky has an interest in 33,792,000 shares, accounting for about 10.23% of the Company's issued share capital[130] - Win Bless Limited, beneficially owned by Mr. Zhao Xinyan, holds 47,378,000 shares, which is approximately 14.35% of the issued share capital[130] - Gold City Assets Holdings Ltd., beneficially owned by Ms. Ng Mui King, Joky, holds 33,792,000 shares, representing 10.23% of the issued share capital[130] - Ms. Lin Shunping holds 19,900,000 shares, which is about 6.03% of the Company's issued share capital[130] Corporate Governance - The Company has complied with the Corporate Governance Code throughout the nine months ended December 31, 2022[104] - The Board of Directors consists of three executive Directors, one non-executive Director, and three independent non-executive Directors[105] - The Audit Committee regularly reviews the effectiveness of the internal control system and the quarterly, interim, and annual reports of the Group[112] - The Remuneration Committee is responsible for reviewing and determining the remuneration policy for directors and senior management[114] - The Nomination Committee reviews the composition of the Board and nominates suitably qualified candidates when necessary[113] - The Company has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, in accordance with the CG Code[111]

Financial Performance - Revenue for the three months and six months ended 30 September 2022 was approximately HK$65,536,000 and HK$106,372,000, respectively, compared to HK$99,215,000 and HK$224,661,000 for the corresponding periods last year, representing a decline of 33.9% and 52.7%[6]. - Loss attributable to owners of the Company was approximately HK$8,863,000 and HK$13,527,000 for the three months and six months ended 30 September 2022, compared to HK$4,110,000 and HK$8,542,000 for the corresponding periods last year, indicating an increase in loss of 115.5% and 58.5%[6]. - The Company does not recommend the payment of an interim dividend for the six months ended 30 September 2022, consistent with the previous year where no dividend was paid[6]. - For the six months ended September 30, 2022, the Group recorded total revenue of approximately HK$106,372,000, representing a decrease of approximately 52.65% compared to HK$224,661,000 for the same period last year[80][83]. - The gross profit for the six months ended September 30, 2022, was approximately HK$8,109,000, down from HK$46,321,000 in the previous year[89]. - The basic and diluted loss per share for the six months ended September 30, 2022, was HK(4.10) cents, compared to HK(2.60) cents for the same period last year[89]. - Other comprehensive loss for the period was approximately HK$16,017,000, compared to a gain of HK$1,981,000 in the previous year[93]. - Total comprehensive loss for the period was approximately HK$26,668,000, compared to HK$2,847,000 for the same period last year[93]. - The decrease in revenue was mainly attributed to the decline in the intelligent advertising business due to the downturn in China's real estate sector[80][83]. - The company reported a total comprehensive loss for the period of HK$16,237,000 for the six months ended September 30, 2022, compared to a loss of HK$26,668,000 for the same period in 2021[100]. Market Conditions - The Chinese advertising market is projected to grow by 8% this year, reaching a total size of CNY810 billion, following a 16% growth in 2021[9]. - International tourism arrivals in the first five months of 2022 reached almost 250 million, recovering 46% of pre-pandemic levels[13]. - Strict lockdowns have led to significant shortages in fertilizer, labor, and seeds, impacting foodservice sales and supply chain operations[15]. - China's property market crisis has worsened, with new home prices falling for the third consecutive month in September, and 56 out of 100 cities reporting a decline in monthly prices[20]. - The Chinese real estate market is struggling, with new home prices declining for three consecutive months as of September 2022, impacting consumer confidence[22]. - The economic outlook is heavily influenced by monetary and fiscal policies, the war in Ukraine, and growth prospects in China, with China's growth slowing to just 3.2% in 2022[58]. Operational Challenges - The Company is facing challenges in the supply-chain business due to COVID-19, geopolitical risks, and a loss of manufacturing market share to neighboring Asian countries[18][19]. - No revenue was generated from the supply-chain business for the three months and six months ended September 30, 2022, due to unfavorable market conditions[38]. - The Group had net current liabilities of approximately HK$14,858,000 as of September 30, 2022, compared to HK$5,679,000 as of March 31, 2022[65]. - The Group's gearing ratio was approximately 202% as of September 30, 2022, up from 128% as of March 31, 2022, primarily due to the decrease in cash and bank deposits as well as equity[73]. - The Group adopted a conservative treasury policy to maintain necessary cash for anticipated expenditures and emergencies[66]. - The Group did not experience any material difficulties in operations or liquidity due to currency exchange rate fluctuations during the review period[67]. - The Group is closely monitoring foreign currency rates and will consider hedging significant foreign currency exposure if necessary[67]. Strategic Initiatives - The Group is focused on diversifying applications of its proprietary Big Data and AI technological platforms to find new growth opportunities[27]. - The Group aims to seek investment opportunities in resilient sectors to develop new business lines amidst current macroeconomic challenges[47][52]. - The Group's strategy includes strengthening existing business lines while investing in new sectors with high growth potential, maintaining a conservative approach towards profitability[54]. - The Group has observed significant opportunities in the business travel service market, particularly as recovery and demand are strongest in this sector[31]. - The Group's strategy focuses on consolidating existing business lines while investing in new industries with high growth potential[57]. Employee and Asset Management - The Group had approximately 80 employees as of September 30, 2022, down from 85 employees as of March 31, 2022[75]. - The Company continues to review employee compensation and provides benefits such as medical insurance and provident fund[80]. - As of September 30, 2022, the company's total assets amounted to HK$181,630,000, a decrease from HK$226,992,000 as of March 31, 2022, representing a decline of approximately 19.9%[95]. - The company's net assets decreased to HK$54,796,000 as of September 30, 2022, down from HK$76,048,000 as of March 31, 2022, reflecting a decline of approximately 28.0%[97]. - The total equity attributable to owners of the company decreased to HK$32,749,000 as of September 30, 2022, from HK$43,570,000 as of March 31, 2022, indicating a decline of approximately 25.0%[97]. - The company’s lease liabilities as of September 30, 2022, were HK$500,000, a decrease from HK$1,267,000 as of March 31, 2022, indicating a reduction of about 60.5%[97]. Segment Performance - The Group's operations are divided into four reportable segments: Intelligent advertising and railroad media, Agricultural, forestry and consumer products, Supply-chain business, and Property business[125]. - Revenue from intelligent advertising and railroad media services for the three months ended September 30, 2022, was approximately HK$49,127,000, and for the six months, it was HK$89,538,000[32]. - Revenue from agricultural, forestry, and consumer products for the three months and six months ended September 30, 2022, was approximately HK$16,132,000 and HK$16,239,000 respectively[37]. - The Group's bank and other interest income for the six months ended September 30, 2022, was HK$11,000, down from HK$76,000 in the same period of 2021, reflecting a decline of approximately 85.7%[121]. - The Group recognized a government subsidy of HK$92,000 during the six months ended September 30, 2022, compared to a loss of HK$8,100,000 in the same period of 2021[121].