Group 1 - The company announced the resignation of Mr. Yang Hui as an independent non-executive director, effective from August 1, 2025, due to personal matters [1] - Following Mr. Yang's departure, Ms. Gong Qiuyun has been appointed as the chairperson of both the remuneration committee and the nomination committee, effective from August 1, 2025 [1]

格隆汇8月1日丨汇隆控股(08021.HK)公告，由于杨辉需处理其他个人事务，彼已辞任独立非执行董事并 不再担任公司审核委员会成员以及薪酬委员会及提名委员会各自主席，自2025年8月1日起生效。 ...

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佈的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示概不就本公佈全部或任何部分內容而產生或因倚賴該等內容而引致 的任何損失承擔任何責任。 楊先生已確認彼與董事會概無意見分歧，且彼並不知悉有關彼辭任之任何事宜須敦請香港聯交所（「聯 交所」）及本公司股東垂注。 薪酬委員會及提名委員會主席變更 於楊先生卸任後，獨立非執行董事龔秋雲女士已獲委任為薪酬委員會及提名委員會各自之主席，自二 零二五年八月一日起生效。 董事會謹藉此機會衷心感謝楊先生於其在任期間對本公司所作之貢獻。 WLS Holdings Limited 滙隆控股有限公司* （於開曼群島註冊成立並於百慕達存續之有限公司） （股份代號：8021） 獨立非執行董事辭任、 薪酬委員會及提名委員會主席變更及 不符合GEM上市規則規定 獨立非執行董事辭任 滙隆控股有限公司（「本公司」，連同其附屬公司，「本集團」）董事（「董事」）會（「董事會」）宣佈，由於 楊輝先生（「楊先生」）需處理其他個人事務，彼已辭任獨立非執行董事並不再擔任本公司審核委員會成 員以及薪酬委員會（「薪酬委員會」）及提名委員會（「提名 ...

智通财经APP讯，汇隆控股(08021)发布截至2025年4月30日止年度业绩，该集团期内取得收益7912.8万 港元，同比减少3.98%;公司拥有人应占年度亏损684.6万港元，同比收窄38.58%;每股基本亏损0.048港 仙。 ...

格隆汇8月1日丨汇隆控股(08021.HK)发布公告，截至2025年4月30日止年度，实现收益7912.8万港元， 同比减少4%；毛利5215.9万港元，同比增加2.8%；公司拥有人应占本年度亏损684.6万港元，上年同期 公司拥有人应占年度亏损1114.7万港元；基本及摊薄每股亏损0.048港仙。 ...

GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司帶有較 高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出 投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券承受較大的市 場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 WLS Holdings Limited 滙隆控股有限公司* （於開曼群島註冊成立並於百慕達存續之有限公司） （股份代號：8021） 截至二零二五年四月三十日止年度業績公佈 香港聯合交易所有限公司（「聯交所」）GEM的特色 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佈之內容概不負責，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佈全部或任何部分內容而產生或因依賴該等內容而引 致之任何損失承擔任何責任。 本公佈（滙隆控股有限公司（「本公司」或「滙隆」）各董事（「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（「GEM上市規則」）的規定而提供有關本公司的資料。各董事經作出一切合 理查詢後，確認就彼等所知及所信：(1) 本公佈所 ...

Financial Performance - Revenue for the six months ended October 31, 2024, was HKD 46,797,000, compared to HKD 46,474,000 for the same period in 2023, representing a slight increase of 0.7%[8]. - Gross profit for the period was HKD 33,466,000, up from HKD 26,264,000, indicating a significant increase of 27.0%[1]. - The company reported a net profit attributable to owners of HKD 30,486,000 for the six months, compared to a loss of HKD 11,740,000 in the previous year, marking a turnaround[14]. - The basic and diluted earnings per share for the period were HKD 0.212, compared to a loss per share of HKD (0.082) in the previous year[16]. - Other comprehensive income for the period included a fair value gain of HKD 1,080,000, compared to a loss of HKD (440,000) in the prior period[16]. - The group reported a total loss before tax of HKD 10,699,000 for the six months ended October 31, 2024, compared to a profit of HKD 23,020,000 in the same period of 2023[51]. - The company reported a profit of HKD 30,486 thousand for the six months ended October 31, 2024, compared to a loss of HKD (11,740) thousand in the same period of 2023[61]. - The increase in revenue was primarily driven by growth in the lending business during the reporting period[87]. Expenses and Liabilities - Operating and administrative expenses decreased to HKD (7,566,000) from HKD (10,303,000), reflecting a reduction of 26.7%[1]. - The group’s financing costs for the six months ended October 31, 2024, were HKD 3,251,000, compared to HKD 4,762,000 in the previous year[44]. - The group’s total liabilities decreased from HKD 18,000,000 in 2023 to HKD 147,000 in 2024, reflecting a significant reduction in debt obligations[26]. - Tax expenses for the period amounted to HKD 2,215 thousand, up from HKD 1,041 thousand in the previous year, reflecting a 112.5% increase[60]. - The group’s net cash used in financing activities was HKD 3,980,000 for the six months ended October 31, 2024, compared to a net cash generated of HKD 14,094,000 in 2023[26]. Assets and Equity - The company’s total assets as of October 31, 2024, were HKD 416,567,000, compared to HKD 384,680,000 as of April 30, 2024, showing an increase of 8.3%[18]. - The company’s equity attributable to owners increased to HKD 415,443,000 from HKD 383,877,000, an increase of 8.2%[21]. - As of October 31, 2024, the group's total equity was approximately HKD 415.4 million, up from approximately HKD 383.9 million on April 30, 2024[112]. - The total value of the investment portfolio as of October 31, 2024, was approximately HKD 63.4 million, compared to approximately HKD 48.8 million on April 30, 2024, with a net fair value gain of approximately HKD 21.4 million during the reporting period[113]. Cash Flow - For the six months ended October 31, 2024, the net cash generated from operating activities was HKD 2,904,000, compared to a net cash used of HKD 15,452,000 in the same period of 2023[26]. - The cash and cash equivalents at the end of the period were HKD 17,409,000, a decrease from HKD 17,175,000 at the end of October 31, 2023[26]. - The company’s cash and cash equivalents stood at HKD 17,409,000, down from HKD 18,480,000, a decrease of 5.8%[18]. Business Segments - The group has three operating segments: construction services, lending business, and securities investment, with a focus on resource allocation and performance evaluation[47]. - The scaffolding services segment generated revenue of approximately HKD 17,300,000, a decrease of about HKD 5,600,000 compared to the previous year, due to a reduction in new contracts[88]. - The group provided scaffolding services for 36 ongoing projects, with 26 completed on schedule and 3 new contracts secured during the reporting period[89]. - The group’s lending business is operated by its wholly-owned subsidiary, Kingway Hong Kong Limited, which is a licensed money lender under Hong Kong law[93]. Credit Loss and Impairment - The expected credit loss recognized under the model was a net impairment loss of HKD (11,702,000), an improvement from HKD (25,507,000) in the prior period[7]. - The net impairment loss recognized under the expected credit loss model for receivables was HKD (11,702) thousand for the six months ended October 31, 2024, compared to HKD (25,507) thousand for the same period in 2023, indicating a 54.1% decrease[58]. - The expected credit loss from receivables is approximately HKD 8,500,000, a significant decrease from HKD 38,000,000 in the same period last year[104]. Corporate Governance - The audit committee is responsible for reviewing the company's annual reports, half-year reports, and quarterly reports, ensuring compliance with applicable accounting standards and legal requirements[142]. - The company has established an audit committee composed of three independent non-executive directors[145]. - The company has adhered to the corporate governance code as per GEM listing rules, with some deviations noted[141]. - The roles of the chairman and CEO are not combined, ensuring a balance of power within the board[144]. Employee and Management - The group’s short-term employee benefits for the six months ending October 31, 2024, amounted to HKD 1,386,000, down from HKD 2,459,000 in the previous year[85]. - The company has implemented a stock option plan to incentivize employees and contributors to the group's development[125]. - No stock options were granted, exercised, canceled, expired, or remained unexercised during the reporting period[129]. - The company has not entered into any management or administrative contracts related to any significant part of its business as of October 31, 2024[131]. Future Outlook - The group will continue to focus on high-margin and growth-potential business segments, such as the lending business[116]. - The group is reviewing its current asset structure and business strategy to adapt to future uncertainties[116]. - The group aims to diversify its business scope and promote overall development in line with government strategies in property construction and infrastructure investment[110].

Revenue Performance - Total revenue for the six months ended October 31, 2024, was HKD 46,797,000, a slight increase from HKD 46,474,000 in the same period last year, representing a growth of 0.7%[17] - Revenue from construction and related services was HKD 17,290,000, down 24.0% from HKD 22,918,000 in the previous year[15] - Loan interest income increased to HKD 29,507,000, up 25.3% from HKD 23,556,000 year-on-year[16] - For the six months ended October 31, 2024, the company's revenue was approximately HKD 46,800,000, an increase of about 0.7% compared to HKD 46,500,000 in the same period of 2023[64] - The lending business recorded a revenue increase to approximately HKD 29,500,000, up from HKD 23,600,000 in the same period last year[76] Profit and Loss - The company reported a total comprehensive loss of HKD 12,180,000 for the period, compared to a loss of HKD 11,740,000 in the previous year[3] - The company reported a profit attributable to owners of HKD 30,486,000 for the six months ended October 31, 2024, compared to a loss of HKD (11,740,000) in the same period last year[40] - The net profit attributable to the company's owners for the reporting period was approximately HKD 30,500,000, a turnaround from a net loss of approximately HKD 11,700,000 in the same period of 2023[64] - The company incurred a pre-tax loss of HKD 10,699,000, reflecting the challenges faced in the construction segment[25] Cash Flow and Financial Position - The net cash generated from operating activities was HKD 2,904,000, a significant improvement compared to a net cash outflow of HKD 15,452,000 in the previous year[6] - The company’s cash and cash equivalents decreased to HKD 17,409,000 from HKD 17,175,000 year-on-year[6] - As of October 31, 2024, total equity attributable to owners of the company was HKD 415,443,000, an increase from HKD 383,877,000 at the end of the previous period[3] - The company’s total reserves increased to HKD 271,773,000 from HKD 240,207,000, indicating a growth of 13.9%[1] - The company's total assets as of October 31, 2024, were HKD 416,567,000, an increase from HKD 384,680,000 as of April 30, 2024[137] Expenses - Operating and administrative expenses decreased by approximately 26.6% compared to the same period last year, mainly due to reduced employee costs and tightened cost control[89] - The company’s depreciation expense for property, plant, and equipment was HKD 642,000, slightly up from HKD 640,000 in the previous year[43] - The tax expense for the period was HKD 2,215,000, up from HKD 1,041,000 in the previous year, reflecting a higher profit level[34] Credit Quality and Impairment - The net impairment loss recognized under the expected credit loss model for the period was HKD (11,702,000), a decrease from HKD (25,507,000) in the previous year, indicating improved credit quality[37] - The net impairment loss from expected credit losses on loans and interest receivable was approximately HKD 8,500,000, a significant decrease from HKD 38,000,000 in the same period last year[80] Investment Performance - The company recorded a fair value gain on financial assets of HKD 21,400,000 for the six months ended October 31, 2024, compared to HKD 1,330,000 in the previous year, indicating a significant increase in investment performance[31] - The total value of the investment portfolio as of October 31, 2024, was approximately HKD 63,400,000, up from HKD 48,800,000 as of April 30, 2024[83] - The fair value gain on the investment portfolio for the reporting period was approximately HKD 21,400,000, compared to HKD 1,300,000 in the same period last year[83] Operational Highlights - The company has three operating segments: construction services, lending business, and securities investment, with total external revenue of HKD 46,797,000 for the period[19] - The scaffolding services segment generated revenue of approximately HKD 17,300,000, a decrease of about HKD 5,600,000 compared to the same period in 2023, due to a reduction in new contracts obtained[65] - The group provided scaffolding services for 36 ongoing projects, with 26 completed on schedule and secured 3 new contracts during the reporting period[67] Lending Business - As of October 31, 2024, the lending portfolio consisted of loans ranging from approximately HKD 100,000 to HKD 25,000,000, with annual interest rates between 7.0% and 22%[76] - 74% of the outstanding loans and interest receivables as of October 31, 2024, were unsecured, while the remaining loans were secured by shares of listed companies[76] - The maximum loan and interest receivable from the largest borrower amounted to approximately HKD 28,800,000, representing about 6.1% of the total receivables[76] - The group has implemented stricter lending criteria, requiring borrowers to provide asset and income proof to demonstrate repayment capability[76] Corporate Governance - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing the company's financial reports and internal control procedures[118] - The company has complied with the GEM listing rules regarding the code of conduct for directors' securities transactions during the reporting period[113] - There are no significant contracts in which directors have a material interest as of October 31, 2024[107] Future Outlook - The group plans to continue focusing on high-margin and growth potential business segments, such as lending services, while adapting its strategies to market dynamics[88] - The group aims to explore suitable investment opportunities to diversify its business scope and enhance overall development[88]

Compliance with GEM Listing Rules - WLS Holdings Limited reported its annual performance for the year ending April 30, 2024, with a focus on compliance with GEM listing rules[2] - Following the appointment of a new independent non-executive director on April 11, 2024, the company has since complied with GEM listing rules[3] - The board currently consists of four members, including three independent non-executive directors, ensuring compliance with governance standards[4] Governance Issues - The company faced governance issues due to the resignation of an independent non-executive director, resulting in a board composition that did not meet GEM requirements[2]

Financial Performance - WLS Holdings Limited reported a total revenue of HKD 68,850 million for the fiscal year 2024[1]. - The company experienced a year-on-year growth of 12.38% in revenue compared to the previous year[1]. - The Group recorded a total revenue decrease of approximately HK$82.4 million for the year ended April 30, 2024, representing a decline of about 44% compared to the previous year[17]. - Net loss attributable to the owners of the Company from continuing operations was approximately HK$11.1 million, a significant decrease of approximately HK$101.3 million compared to the last year[17]. - The overall loss per share for the year was HK$0.078, compared to HK$0.782 in the previous year[12]. - The Group recorded a turnover of approximately HK$82.4 million, a decrease of approximately 44% compared to last year (HK$146.0 million)[51]. - The net loss attributable to owners from continuing operations was approximately HK$11.1 million, a significant reduction from last year's loss of approximately HK$112.4 million[51]. - Gross profit slightly increased by approximately 6% to HK$50.7 million, with a gross profit margin rising to approximately 61.6% from 32.8% last year[51]. Business Strategy and Outlook - User data indicates a significant increase in active users, contributing to the overall revenue growth[1]. - The company has outlined a future outlook with a projected revenue growth of 10% for the next fiscal year[1]. - WLS is focusing on the development of new products and technologies to enhance its market position[1]. - Plans for market expansion include entering new geographical regions to increase market share[1]. - The company is considering strategic acquisitions to bolster its product offerings and customer base[1]. - The Group plans to focus on scaffolding, fitting out, and auxiliary services for construction, as well as money lending and securities investment business in the upcoming year[44]. - The Group is actively seeking profitable projects to diversify its business portfolio and mitigate risks from the competitive construction market[47]. Operational Challenges - The construction industry in Hong Kong is facing challenges due to a shortage of skilled workers, leading to increased labor costs and reduced profit margins[21]. - The scaffolding industry faces increasing competition, rising labor costs, and a declining workforce, leading to a lack of confidence in its future prospects[45]. - The Group has identified risks related to labor shortages and the failure to secure new contracts, which could negatively impact financial performance[75]. Risk Management - The Group identified principal risks classified into strategic, operational, financial, and compliance risks[169]. - Strategic risks include competitive landscape, failure to meet customer expectations, and over-concentration of customer bases[169]. - Operational risks encompass insufficient safety guidelines, technology breakdown, and increased operating costs[169]. - Financial risks identified are liquidity risk, credit risk, foreign exchange rate risk, and interest rate risk[169]. - Compliance risks involve non-compliance with safety, health, and environmental ordinances[169]. - The Group has established a "three lines of defence" corporate governance structure for risk management[172]. - A risk register is maintained to track all identified major risks and actions taken to mitigate them[172]. - Management conducts ongoing risk management activities and evaluates the effectiveness of the risk management framework annually[173]. Corporate Governance - The Company maintains high standards of corporate governance practices[101]. - The Board will arrange for the election of a new Chairman and CEO at an appropriate time[103]. - The Company has adopted a Board Diversity Policy effective from September 1, 2013, focusing on various diversity aspects including gender, age, and professional experience[112]. - The Company encourages all shareholders to attend the Annual General Meeting, which was held on October 27, 2023[117]. - The Company has received annual confirmations of independence from each independent non-executive Director[111]. - The Company has established specific terms of reference for all Board committees, clearly defining their authorities and responsibilities[155]. Financial Position - As of April 30, 2024, the Group's equity attributable to owners was approximately HK$383.9 million, down from HK$396.1 million the previous year[52]. - Current assets decreased to approximately HK$333.9 million from HK$534.5 million as of April 30, 2023[52]. - The Group's total assets were approximately HK$582.0 million, slightly up from HK$575.6 million the previous year[52]. - The gearing ratio as of April 30, 2024, was approximately 38.9%, an increase from 31.7% the previous year[53]. - The Group's bank balances and cash remained stable at approximately HK$18.5 million as of April 30, 2024[54]. - The Group's net loan and interest receivables amounted to approximately HK$456.2 million, an increase from HK$444.4 million in 2023[58]. Human Resources - The total number of full-time employees as of April 30, 2024, was 43, down from 50 on April 30, 2023[82]. - Total staff costs for the year amounted to approximately HK$17.1 million, compared to approximately HK$36.1 million in the previous year[82]. - The Group is committed to providing a safe and healthy working environment to retain labor and mitigate risks associated with labor shortages[75]. - The Group regularly reviews employee remuneration packages to ensure competitiveness in the market[185]. Shareholder Communication - The Company communicates with shareholders through annual, interim, and quarterly reports, as well as announcements and circulars when necessary[159]. - The annual general meeting of the Company provided a forum for shareholders to exchange views with the Board, with a majority of Directors attending to answer shareholder questions[159]. - Shareholders holding not less than one-tenth of the paid-up capital may requisition a general meeting[161]. Board Composition and Changes - The Group has seen significant changes in its board composition with multiple resignations and appointments in 2023 and 2024[89][91][92][94][95]. - The Board currently consists of one Executive Director and two Independent Non-Executive Directors[105]. - Following Ms. Lam's resignation, the Board did not meet the requirement of at least three Independent Non-Executive Directors[107]. - The Company complied with GEM Listing Rules after appointing Ms. Gong on April 11, 2024[108].