Financial Performance - The company's revenue for the nine months ended January 31, 2023, was approximately HKD 115.6 million, a decrease of about 24.4% compared to HKD 153 million in the same period of 2022[13]. - The net loss attributable to shareholders from continuing operations was approximately HKD 37.9 million, compared to a net profit of HKD 27.2 million in the same period of 2022[13]. - The gross profit decreased by approximately HKD 27.8 million compared to the same period in 2022[13]. - The revenue from the sale of subsidiaries decreased significantly by approximately HKD 29.1 million compared to the same period in 2022[13]. - The total comprehensive loss for the nine months ended January 31, 2023, was HKD 39,561,000, compared to a total comprehensive income of HKD 25,017,000 in the previous year[38]. - The basic and diluted loss per share from continuing operations was HKD 16,708, compared to a loss of HKD 714 in the same period last year[29]. - The basic loss per share for continuing operations for the nine months ended January 31, 2023, was HKD 0.264, compared to earnings of HKD 0.182 in the previous year[38]. - For the three months ended January 31, 2023, the revenue from continuing operations was HKD 30,555,000, a decrease of 39.6% compared to HKD 50,695,000 for the same period in 2022[35]. - The gross profit for the nine months ended January 31, 2023, was HKD 34,321,000, down 44.9% from HKD 62,085,000 in the previous year[35]. - The loss from continuing operations for the three months ended January 31, 2023, was HKD 16,708,000, compared to a profit of HKD 714,000 in the same period of 2022[36]. - The asset management business reported revenue of approximately HKD 176,000, a decrease from HKD 1.7 million in the same period last year[23]. - The company reported other income of HKD 2,636,000 for the nine months ended January 31, 2023, significantly higher than HKD 588,000 in the previous year[35]. - The company did not report any gains from the sale of subsidiaries for the three months ended January 31, 2023, compared to HKD 29,261,000 in the previous year[35]. - The company recognized a loss of HKD 16,297,000 from financial assets measured at fair value for the three months ended January 31, 2023, compared to a loss of HKD 7,783,000 in the same period last year[84]. - The company received government grants totaling HKD 2,014,000 for the nine months ended January 31, 2023, compared to HKD 26,000 in the same period last year[82]. Revenue Sources - The decrease in revenue was primarily due to reduced contract income from scaffolding and renovation services, as well as decreased income from the lending business[13]. - The lending business continues to be a stable source of income for the company[13]. - The scaffolding services segment generated revenue of approximately HKD 82.7 million, a significant decrease of HKD 29.2 million compared to the same period in 2022, primarily due to operational restrictions related to COVID-19[14]. - The lending business recorded revenue of approximately HKD 32.9 million, down from HKD 41 million in the same period last year, with loan principal amounts ranging from HKD 200,000 to HKD 25 million and interest rates between 7.0% and 36.0%[20]. - Revenue from customer contracts for scaffolding, fit-out, and other ancillary services was HKD 20,371,000 for the three months ended January 31, 2023, down from HKD 37,293,000 in the same period last year, representing a decline of 45.5%[55]. - Interest income for the nine months ended January 31, 2023, was HKD 32,904,000, compared to HKD 41,045,000 for the same period in 2022, reflecting a decrease of 19.9%[55]. Cost Management - The company is committed to strict cost control policies to respond to market dynamics and enhance financial returns for shareholders[10]. - The group faced a shortage of skilled labor, leading to increased labor costs and decreased profit margins in the scaffolding industry[15]. - Operating and administrative expenses for the three months ended January 31, 2023, were HKD 6,747,000, a decrease of 33.3% from HKD 10,102,000 in the same period of 2022[35]. - Financing costs for the nine months ended January 31, 2023, were HKD 5,502,000, down 14.3% from HKD 6,424,000 in the previous year[35]. - Operating and administrative expenses decreased from approximately HKD 30,200,000 to about HKD 26,000,000 due to reduced employee costs compared to the same period last year[114]. - Financing costs decreased from approximately HKD 6,400,000 to about HKD 5,500,000 primarily due to debt repayment[114]. Strategic Initiatives - The company is reviewing its current asset structure and business strategy to adapt to future uncertainties[10]. - The company plans to seek opportunities to revitalize its scaffolding business in response to declining trends in bamboo scaffolding usage[10]. - The company is actively exploring suitable investment opportunities to diversify its business scope and drive overall development[101]. - The group provided scaffolding services for 54 ongoing projects, with 25 completed on schedule and secured 4 new contracts during the reporting period[17]. - The group’s patented scaffolding system "Pili" has significantly improved efficiency and reduced labor requirements in the industry[15]. Corporate Governance - The company emphasizes corporate governance principles, focusing on board quality and robust internal controls to enhance accountability and transparency[137]. - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing the company's annual and interim reports, ensuring compliance with applicable accounting standards and legal requirements[138]. - The company has adopted the GEM listing rules regarding directors' securities transactions, ensuring adherence to trading conduct standards[125]. - The company has maintained the required public float as per GEM listing rules, ensuring compliance with regulations[136]. - There were no significant contracts involving directors with material interests as of January 31, 2023[121]. - No directors or major shareholders have interests in businesses that directly or indirectly compete with the company's operations during the reporting period[135]. Shareholder Returns - No dividends were declared or proposed for the nine-month period ending January 31, 2023[26]. - The company confirmed a total of HKD 205,000,000 in gains from the sale of subsidiaries, with cash inflow netting HKD 409,000[85]. - The net cash inflow from the sale of subsidiaries was HKD 530,000,000, with a net asset value of HKD 325,000,000 for the period[61]. - Cash inflow from the sale during the period was HKD 76,038,000, with related loan income of HKD 2,000,000, and a prior year deposit of HKD 7,588,000[88].

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。 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） 截至二零二三年一月三十一日止九個月之第三季度業績公佈 滙隆控股有限公司（「本公司」）董事（「董事」）會公佈，本公司及其附屬公司截至二零二三年一月 三十一日止九個月之未經審核簡明綜合財務業績。本公佈載有本公司二零二二╱二零二三年第三季度 報告全文，符合聯交所GEM證券上市規則（「GEM上市規則」）中有關第三季度業績初步公佈附載資料 之相關要求。本公司二零二二╱二零二三年第三季度報告的印刷本將適時寄發予本公司股東並按GEM 上市規則規定之方式於聯交所網站www.hkexnews.hk及本公司網站www.wls.com.hk登載以供查閱。 代表董事會 滙隆控股有限公司 主席 蘇汝成 香港，二零二三年三月十七日 – 1 – * 僅供識別 於本公佈日期，董事會包括蘇汝成博士（主席兼執 ...

Financial Performance - For the three months ended October 31, 2022, the company reported revenue of HKD 41,786 thousand, a decrease of 17% compared to HKD 50,286 thousand in the same period of 2021[5]. - The gross profit for the six months ended October 31, 2022, was HKD 24,718 thousand, down 41% from HKD 41,955 thousand in the previous year[5]. - The total revenue for the six months ended October 31, 2022, was HKD 85,051 thousand, down 17% from HKD 102,274 thousand in the same period of 2021[5]. - Revenue from scaffolding, renovation, and other ancillary services for the six months ended October 31, 2022, was HKD 62,331, down from HKD 74,631 in the previous year, representing a decline of 16.5%[41]. - The group reported a net loss before tax of HKD 20,334 for the six months ended October 31, 2022, compared to a profit of HKD 28,357 for the same period in 2021[45]. - The group recognized a net impairment loss of HKD 27,088 due to expected credit losses for the six months ended October 31, 2022[45]. - The company reported a net cash outflow from operating activities of HKD 1,060 thousand, compared to an outflow of HKD 29,276 thousand in the previous year[31]. - The basic loss per share for the three months ended October 31, 2022, was HKD 0.108, compared to HKD 0.111 in the same period of 2021[17]. - The total loss attributable to shareholders from continuing operations for the six months ended October 31, 2022, was HKD (21,209), a significant decline from HKD 27,901 in the same period of 2021, indicating a decrease of 76.1%[72]. Assets and Liabilities - As of October 31, 2022, total assets decreased to HKD 540,605 thousand from HKD 437,184 thousand as of April 30, 2022, reflecting a 23.6% increase[19]. - Non-current assets decreased to HKD 143,963 thousand from HKD 266,190 thousand, a decline of 46.0%[19]. - Current assets increased significantly to HKD 540,605 thousand, up 23.6% from HKD 437,184 thousand[19]. - Total liabilities increased to HKD 198,822 thousand from HKD 194,908 thousand, a rise of 2.0%[19]. - The company’s equity attributable to owners decreased to HKD 487,187 thousand from HKD 509,638 thousand, a decrease of 4.4%[25]. - The company’s total equity as of October 31, 2022, was HKD 480,094 thousand, down from HKD 502,545 thousand, reflecting a decrease of 4.5%[26]. - The total accounts payable and other payables as of October 31, 2022, was HKD 38,165, an increase from HKD 33,130 as of April 30, 2022, indicating a rise of 15.4%[87]. Cash Flow and Financing - Cash and cash equivalents decreased to HKD 22,930 thousand from HKD 6,746 thousand, indicating a decline of 239.5%[33]. - Financing costs for the six months ended October 31, 2022, were HKD 3,678 thousand, down from HKD 4,450 thousand in the previous year, indicating a 17% reduction[5]. - The group’s financing costs decreased from approximately HKD 4.5 million to about HKD 3.7 million due to the repayment of certain borrowings[121]. - The group had no bank borrowings as of October 31, 2022, down from approximately HKD 8,600,000 as of April 30, 2022[128]. Operational Highlights - The group has three operating segments: scaffolding and renovation services, lending business, and securities investment business, each requiring different management strategies[42]. - The scaffolding and finishing services segment generated revenue of approximately HKD 62.3 million, a significant decrease of about HKD 12.3 million due to reduced new construction projects approved by the Hong Kong government[104]. - The lending business recorded revenue of approximately HKD 22.7 million, down from HKD 27.6 million in the same period of 2021, as stricter lending criteria were implemented[109]. - The company continues to face challenges in the scaffolding industry due to a shortage of skilled labor, leading to increased labor costs and decreased profit margins[105]. Corporate Governance and Compliance - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited interim results for the six months ended October 31, 2022, and found them compliant with applicable accounting standards and GEM listing rules[152]. - The company has adhered to the corporate governance principles emphasizing board quality and robust internal controls throughout the reporting period[151]. - The company has maintained the required public float according to GEM listing rules as of the report date[149]. Shareholder Information - No dividends were declared or proposed for the interim period[69]. - The total issued and paid-up share capital as of October 31, 2022, was HKD 143,670,000, with 14,367,101,072 shares issued at a par value of HKD 0.01[30]. - The company adopted a share option scheme on October 22, 2021, allowing the board to invite employees and consultants to subscribe for shares as an incentive[132]. - No share options were granted, exercised, cancelled, or lapsed as of October 31, 2022[135].

Financial Performance - For the three months ended July 31, 2022, the company reported a revenue of HKD 43,441,000, a decrease of 17.5% compared to HKD 52,670,000 in the same period last year[6]. - The gross profit for the same period was HKD 15,792,000, down 21.6% from HKD 20,130,000 year-on-year[6]. - The company incurred a loss attributable to shareholders of HKD 5,801,000, compared to a profit of HKD 44,083,000 in the previous year, marking a significant decline[6]. - The company reported a loss before tax of HKD 5,172,000, compared to a profit before tax of HKD 45,769,000 in the same period last year[6]. - Total comprehensive loss for the period was HKD 6,607,000, compared to a total comprehensive income of HKD 44,199,000 in the previous year[9]. - Revenue from customer contracts for scaffolding, fit-out, and other ancillary services was HKD 30,239,000, down from HKD 38,920,000 in the previous year[36]. - The group experienced a significant increase in fair value losses and disposal losses from its securities investment portfolio, amounting to an increase of approximately HKD 14,900,000 compared to the previous year[36]. - The group’s gross profit decreased by approximately HKD 4,300,000 compared to the same period last year[36]. - The company reported a significant decrease in rental income, with no rental income recorded for the current period compared to HKD 67,000 in the previous year[21]. - The asset management business generated revenue of approximately HKD 176,000, a significant decrease from HKD 683,000 in the same period last year[45]. - The lending business recorded revenue of approximately HKD 13,000,000, slightly down from HKD 13,100,000 in the same period last year, with loan amounts ranging from HKD 200,000 to HKD 25,000,000 and interest rates between 7.0% and 40.5%[42]. Expenses and Costs - The operating and administrative expenses were HKD 8,329,000, slightly reduced from HKD 9,328,000 in the previous year[6]. - The company’s financing costs decreased to HKD 1,862,000 from HKD 2,372,000, reflecting improved cost management[6]. - The group’s financing costs for the three months ended July 31, 2022, were HKD 1,862,000, down from HKD 2,372,000 in the previous year[32]. - Operating and administrative expenses reduced from approximately HKD 9,300,000 to about HKD 8,300,000, primarily due to decreased employee costs[51]. - Financing costs decreased from approximately HKD 2,400,000 to about HKD 1,900,000[51]. Strategic Direction and Business Focus - The company continues to focus on its core business areas, including scaffolding, fit-out services, and asset management, as part of its strategic direction[16]. - The group plans to adjust its asset structure and business strategy to enhance resource flexibility in response to economic uncertainties and challenges[50]. - The group aims to revitalize its scaffolding business by focusing on trends such as the decline in bamboo scaffolding usage and increasing competitiveness[50]. - The group will continue to emphasize high-margin and growth-potential business segments, such as the lending business, while adhering to strict cost control policies[50]. - The group is exploring suitable investment opportunities to diversify its business scope and drive overall development[50]. - The group has noted a shift in contractor preferences from bamboo scaffolding to metal scaffolding due to durability and reduced training time for workers[50]. Corporate Governance and Compliance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable regulations[18]. - The company has established a clear audit committee under the board, consisting of three independent non-executive directors, to review financial reports and internal control procedures[78]. - The company has complied with the corporate governance code as outlined in the GEM Listing Rules during the first quarter[77]. - The company has ensured transparency and accountability through strict corporate governance practices, enhancing shareholder and public confidence[77]. - The audit committee reviewed the unaudited condensed consolidated first-quarter results for the three months ending July 31, 2022, and found them compliant with applicable accounting standards and legal requirements[78]. Shareholder Information - The company did not recommend any dividend distribution for the three months ended July 31, 2022[34]. - As of July 31, 2022, the group's equity was approximately HKD 503,000,000, down from HKD 509,600,000 as of April 30, 2022[52]. - Instant Victory Global Limited agreed to sell 1,000 shares of its subsidiary, representing 37.5%, 37.5%, and 25.0% of the total issued share capital, for a total consideration of approximately HKD 530,000[55][56]. - The sale was completed on August 8, 2022, with control transferred to the buyers on the same date[56]. - The company has not experienced any significant events affecting its operations since July 31, 2022[57]. - The 2021 share option plan allows for the issuance of shares up to 30% of the company's issued share capital[58]. - No share options were granted, exercised, canceled, or lapsed as of April 30, 2022[62]. - As of July 31, 2022, the company had a total of 3,320,000 shares held by Dr. Su Ru Cheng, representing approximately 0.05% of the issued share capital[69]. - The company did not establish any arrangements that would allow directors to benefit from purchasing shares or bonds of the company during the reporting period[71]. - No shares or related securities were purchased, sold, or redeemed by the company or its subsidiaries during the three months ending July 31, 2022[72]. - The company has adhered to the GEM Listing Rules regarding the conduct of securities trading by directors during the reporting period[73]. - The company maintains sufficient public float as per the GEM Listing Rules as of the report date[76]. - There were no known interests held by directors or major shareholders in any business that directly or indirectly competes with the company during the reporting period[75].

Financial Results - The company reported its audited consolidated results for the fiscal year ending April 30, 2022[3]. Corporate Governance - The board emphasizes the importance of corporate governance principles, focusing on board quality and robust internal controls[5]. - The company has adhered to the GEM Listing Rules Appendix 15 throughout the fiscal year 2022[5]. - The board members include the chairman and executive directors, ensuring accountability and transparency[7]. - The company aims to enhance shareholder and public confidence through strict corporate governance practices[5]. Public Disclosure - The announcement will be available on the Hong Kong Stock Exchange website for at least seven days[7].

Financial Performance - The company reported a significant increase in revenue, achieving a total of $XX million, representing a YY% growth compared to the previous year[9]. - The Group recorded a total revenue increase of approximately HK$191.0 million for the year ended 30 April 2022, representing a growth of approximately 27.2% compared to the previous year[49]. - The net loss attributable to the owners of the Company from continuing operations was approximately HK$10.8 million, a significant decrease of approximately 21.3% from the previous year[49]. - Gross profit slightly decreased by approximately 0.02% to approximately HK$72.0 million, with a gross profit margin declining to approximately 37.7% from approximately 48.0%[106]. - Operating and administrative expenses increased from approximately HK$42.7 million to approximately HK$49.8 million due to rising staff costs[107]. User and Market Growth - User data showed an increase in active users, reaching ZZ thousand, which is an increase of AA% year-over-year[11]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of BB%[10]. - Market expansion plans include entering the EE market, which is anticipated to increase market share by FF%[11]. - The Group anticipates a shortage of about 10,000 to 15,000 skilled workers in the construction industry, which may impact operations[42]. Product and Service Development - New product launches are expected to contribute an additional $CC million in revenue, enhancing the overall product portfolio[11]. - The Group plans to promote the use of the "Pik Lik" scaffolding system to enhance efficiency and increase market share[42]. - The Group has expanded its fitting out services to include ceiling work, receiving encouraging client feedback despite intense competition[66]. - The Group's patented scaffolding system "Pik-Lik" significantly enhances efficiency and reduces manpower requirements in the industry[56]. Strategic Initiatives - The company is considering strategic acquisitions to bolster its market position, with potential targets identified[11]. - The Group is actively reviewing its asset structure and business strategies to adapt to current economic uncertainties[95]. - The Group aims to diversify its business portfolio to mitigate risks from the competitive construction market[93]. - The Group plans to revitalize its scaffolding business and focus on segments with higher profit margins, such as money lending operations[98]. Financial Management and Risks - The Group's gearing ratio as of April 30, 2022, was approximately 26.7%, down from approximately 28.8% the previous year[115]. - The Group is exposed to various financial risks, including credit, interest rate, and liquidity risks, which are actively managed to maintain a sound capital structure[180][181]. - The allowance for credit losses of loan and interest receivables under the ECL model was approximately HK$155.5 million, up from approximately HK$126.2 million in 2021, indicating a significant increase in credit risk assessment[123]. - The Group employs a scoring system to assess the credit risk of borrowers, considering factors such as overdue amounts and changes in interest rates[136]. Operational Efficiency - Operational efficiency improvements are projected to reduce costs by GG%, enhancing overall profitability[11]. - The Group's focus on acquiring new contracts remains strong in the competitive fitting out services market[66]. - The Group's scaffolding services are recognized as a leading offering in Hong Kong, contributing to its market position[57]. - The Group faces significant risks including labor shortages, which could increase staff and subcontracting costs, adversely affecting profitability[172]. Corporate Governance - The board of directors confirmed that all financial statements are accurate and complete, ensuring transparency for investors[6]. - The Audit Committee held four meetings during the year to review the financial reporting process and risk management systems[196]. - The Group's management emphasizes the importance of internal controls and financial reporting oversight through the Audit Committee[196]. Future Outlook - The Group remains cautiously optimistic about future prospects while being aware of economic uncertainties due to the COVID-19 pandemic[42]. - The Board expects the upward trend of the Hong Kong stock market to continue in 2022 and 2023, which may enhance the performance of the Group's securities investments[158].

Financial Performance - For the three months ended January 31, 2022, the revenue was HKD 51,088,000, representing a 31.2% increase from HKD 38,963,000 in the same period last year[5]. - The gross profit for the nine months ended January 31, 2022, was HKD 62,825,000, up 33.9% from HKD 46,927,000 in the previous year[5]. - The net loss attributable to the company for the three months ended January 31, 2022, was HKD 864,000, compared to a profit of HKD 23,331,000 in the same period last year[5]. - The basic earnings per share for the three months ended January 31, 2022, was a loss of HKD 0.006, compared to earnings of HKD 0.164 in the same period last year[18]. - The total comprehensive income for the nine months ended January 31, 2022, was HKD 25,017,000, compared to a loss of HKD 25,048,000 in the previous year[34]. - Total revenue for the nine months ended January 31, 2022, was HKD 154,660,000, a significant increase from HKD 102,442,000 for the same period in 2021, representing a growth of approximately 51%[51]. - Customer contract revenue from construction and related services for the nine months ended January 31, 2022, was HKD 111,924,000, up from HKD 63,361,000 in 2021, indicating an increase of about 76%[50]. - Other income from loan interest for the nine months ended January 31, 2022, was HKD 41,045,000, compared to HKD 37,706,000 in the previous year, reflecting a growth of approximately 6%[51]. - The company reported a net loss of HKD 8,748,000 from financial assets measured at fair value through profit or loss for the three months ended January 31, 2022, compared to a gain of HKD 10,004,000 in the same period of 2021[56]. - The sale of a subsidiary generated a profit of HKD 29,261,000, with total consideration received amounting to HKD 76,038,000 and related loan income of HKD 2,000,000[60]. - Financing costs for the nine months ended January 31, 2022, totaled HKD 6,462,000, a decrease from HKD 6,817,000 in the same period of 2021[70]. - The tax expense for the nine months ended January 31, 2022, was HKD 1,512,000, down from HKD 2,191,000 in the same period of 2021[71]. - The company reported a total income from miscellaneous sources of HKD 882,000 for the nine months ended January 31, 2022, compared to HKD 5,237,000 in the previous year[54]. - The company’s revenue for the nine months ended January 31, 2022, was approximately HKD 154.7 million, an increase of about 51.1% compared to HKD 102.4 million in the same period of 2021[77]. - The net profit attributable to shareholders from continuing operations for the nine months ended January 31, 2022, was approximately HKD 27 million, compared to a net loss of approximately HKD 21.1 million in the same period of 2021[75]. Cost Management and Expenses - The operating and administrative expenses for the three months ended January 31, 2022, were HKD 10,520,000, compared to HKD 11,941,000 in the same period last year, indicating a reduction of 11.9%[5]. - The company did not report any gains from the sale of subsidiaries for the three months ended January 31, 2022, compared to HKD 13,767,000 in the same period last year[5]. - The company applied new accounting standards effective from May 1, 2021, which did not have a significant impact on the financial position or performance for the current and prior periods[49]. - Operating and administrative expenses decreased from approximately HKD 33,000,000 to approximately HKD 31,500,000, maintaining cost control measures[95]. Business Strategy and Outlook - Future outlook and strategies were not detailed in the provided content, indicating a need for further information on market expansion and new product development[5]. - The company plans to adjust its asset structure and business strategy to enhance competitiveness in the scaffolding industry, focusing on high-profit segments like lending[93]. - The company aims to diversify its business scope and explore suitable investment opportunities to drive overall growth[93]. - The impact of the COVID-19 pandemic has led to increased competition in the construction industry, necessitating strategic adjustments to maintain market position[89]. - The company is shifting towards using metal scaffolding instead of bamboo scaffolding, aligning with industry trends and improving operational efficiency[92]. Contracts and Projects - The company secured a total of 28 new construction contracts during the reporting period, compared to 12 in the previous year[78]. - The company provided scaffolding services for 55 ongoing projects, with 19 completed on schedule and 11 new contracts obtained[79]. - The company secured 28 new construction contracts during the fiscal year ending April 30, 2021, compared to 12 contracts in the previous year, indicating a significant increase in contract acquisition[89]. Corporate Governance and Compliance - The company has adopted the GEM Listing Rules regarding the code of conduct for securities trading by directors, with no known violations reported during the nine-month period ending January 31, 2022[119]. - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing the company's annual reports, half-yearly reports, and quarterly reports[126]. - The company emphasizes strict corporate governance practices to enhance accountability and transparency, complying with the corporate governance code during the third quarter[123]. Share Options and Capital Structure - The 2011 share option plan expired on August 30, 2021, and no further options can be granted under this plan[101]. - The 2021 share option plan allows the board to invite employees and consultants to accept options to purchase shares, with a maximum of 30% of the issued share capital available for options[101]. - As of January 31, 2022, there were no unexercised options under the 2011 share option plan, and no options were granted under the 2021 plan[103]. - As of January 31, 2022, the company's equity was approximately HKD 547,400,000, up from HKD 521,400,000 as of April 30, 2021[96]. Miscellaneous - The company did not declare or propose any dividends for the nine months ended January 31, 2022, consistent with the previous year[72]. - As of January 31, 2022, there were no significant acquisitions or disposals of subsidiaries or associates during the nine months period[100]. - As of January 31, 2022, the company and its subsidiaries did not purchase, sell, or redeem any listed securities during the reporting period[118]. - No major events affecting the group occurred after January 31, 2022[98]. - The company has a management agreement with a subsidiary for daily operations and financial matters, which remains in effect[107]. - As of January 31, 2022, the directors and senior executives held approximately 0.05% of the issued share capital[110]. - There were no significant contracts involving directors or senior executives during the nine months period ending January 31, 2022[108].

Financial Performance - For the three months ended October 31, 2021, the revenue from continuing operations was HKD 50,902,000, representing a 63.5% increase compared to HKD 31,180,000 for the same period in 2020[8]. - The gross profit for the six months ended October 31, 2021, was HKD 42,501,000, up 34.1% from HKD 31,702,000 in the same period of 2020[8]. - The net loss attributable to owners of the company for the three months ended October 31, 2021, was HKD 17,278,000, a significant improvement from a loss of HKD 45,256,000 in the same period of 2020[8]. - Basic loss per share for the three months ended October 31, 2021, was HKD 0.111, compared to HKD 0.319 for the same period in 2020[10]. - The total comprehensive loss for the six months ended October 31, 2021, was HKD 17,578,000, compared to a loss of HKD 42,196,000 in the same period of 2020[13]. - The company reported a total equity of HKD 535,509 thousand as of October 31, 2021, an increase from HKD 508,888 thousand as of April 30, 2021, representing a growth of 5.2%[23]. - The group reported a net loss of HKD 28,529,000 due to impairment losses for the six months ended October 31, 2021, compared to a loss of HKD 55,415,000 in the same period of 2020[41]. - The group’s net profit attributable to the company's owners from continuing operations was approximately HKD 27,800,000, a significant improvement from a net loss of HKD 45,800,000 in the same period of 2020[83]. Revenue Sources - Total revenue for the three months ended October 31, 2021, was HKD 50,902,000, a 63.3% increase from HKD 31,180,000 in the same period of 2020[37]. - Revenue from construction and building services reached HKD 35,711,000 for the three months ended October 31, 2021, compared to HKD 17,891,000 in the same period of 2020, representing a 99.5% increase[37]. - The lending business generated revenue of HKD 27,643,000 for the six months ended October 31, 2021, up from HKD 24,893,000 in the same period of 2020, marking a 7.0% increase[41]. - The asset management business reported revenue of HKD 1,298,000 for the six months ended October 31, 2021, compared to HKD 789,000 in the same period of 2020, reflecting a 64.5% increase[41]. - The scaffolding and construction services segment generated revenue of approximately HKD 74,600,000, an increase of about HKD 36,800,000 compared to the same period in 2020, due to the awarding of 28 new construction contracts[84]. Expenses and Losses - The company reported other income of HKD 511,000 for the three months ended October 31, 2021, down from HKD 3,829,000 in the same period of 2020[8]. - The operating and administrative expenses for the six months ended October 31, 2021, were HKD 20,955,000, compared to HKD 21,041,000 in the same period of 2020[8]. - The company recorded a loss from other gains and losses of HKD 26,644,000 for the three months ended October 31, 2021, an improvement from a loss of HKD 49,804,000 in the same period of 2020[8]. - Interest expenses for bank loans and overdrafts decreased to HKD 236,000 for the three months ended October 31, 2021, compared to HKD 492,000 in the same period of 2020, representing a decline of 52.0%[50]. - The expected credit loss provision for the period was HKD 28,529,000, down from HKD 48,130,000 in the same period of the previous year, reflecting a reduction of 40.7%[52]. Assets and Liabilities - Non-current assets increased to HKD 331,122 thousand as of October 31, 2021, up from HKD 294,464 thousand as of April 30, 2021, representing a growth of 12.4%[16]. - Current assets rose to HKD 449,599 thousand, compared to HKD 416,601 thousand in the previous period, marking an increase of 7.9%[16]. - Total liabilities increased to HKD 242,515 thousand from HKD 195,378 thousand, reflecting a rise of 24.1%[16]. - The company’s total assets reached HKD 538,206 thousand, an increase from HKD 509,382 thousand, representing a growth of 5.7%[16]. - The group’s total assets as of October 31, 2021, were approximately HKD 780,700,000, an increase of 9.8% from HKD 711,100,000 as of April 30, 2021[112]. Cash Flow and Financing - The company's net cash flow from operating activities was a negative HKD 29,276 thousand for the six months ended October 31, 2021, compared to a negative HKD 21,378 thousand in the same period last year[28]. - Cash and cash equivalents decreased to HKD 6,746 thousand as of October 31, 2021, down from HKD 53,227 thousand a year earlier, a decline of 87.3%[31]. - The group’s net current assets were approximately HKD 207,100,000 as of October 31, 2021, a decrease of 3.7% from HKD 214,900,000 as of April 30, 2021[112]. - The group issued bonds totaling HKD 20,000,000 with an interest rate of 6.5% on June 4, 2021, and HKD 5,000,000 with an interest rate of 11% on August 19, 2021[113]. - The company’s borrowings included new bank loans of HKD 69,328 thousand during the period, compared to HKD 12,668 thousand in the previous year[30]. Strategic Initiatives - The company aims to enhance its market presence and explore new strategies for growth in the upcoming periods[8]. - Future product development and technological advancements are expected to be a focus area for the company to drive revenue growth[8]. - The company is exploring strategic cooperation with Zhejiang Hengtian Biotechnology Co., Ltd. to develop a health industry ecosystem[108]. - The company plans to adjust its asset structure and business strategy to respond to future uncertainties[102]. - The company aims to diversify its business scope and actively seek suitable investment opportunities[103]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the company's interim results for the six months ending October 31, 2021, and found them compliant with applicable accounting standards and legal requirements[138]. - The company has adhered to the corporate governance code as per GEM listing rules, with some deviations noted regarding the chairman's meetings with non-executive directors[137]. - The company has maintained the required public float according to GEM listing rules as of the report date[135].

Financial Performance - For the three months ended July 31, 2021, WLS Holdings Limited reported revenue of HKD 52,670,000, a 62.9% increase from HKD 32,299,000 in the same period of 2020[5]. - Gross profit for the same period was HKD 20,130,000, compared to HKD 16,135,000 in 2020, reflecting a growth of 24.7%[5]. - The profit before tax for the period was HKD 45,769,000, a significant increase from a loss of HKD 516,000 in the previous year[5]. - The net profit attributable to shareholders was HKD 44,083,000, compared to a loss of HKD 2,965,000 in the same period last year[5]. - Basic earnings per share from continuing operations was HKD 0.305, compared to a loss per share of HKD 0.022 in 2020[5]. - Total comprehensive income for the period was HKD 44,199,000, compared to a loss of HKD 3,843,000 in the previous year[8]. - The company reported other income of HKD 264,000 for the period, down from HKD 1,067,000 in the same period of 2020[5]. Revenue Sources - Contract revenue from scaffolding, renovation, and other ancillary services increased significantly, contributing to the overall revenue growth[40]. - The scaffolding and construction services segment generated revenue of approximately HKD 38,900,000, an increase of about HKD 19,000,000 compared to the same period in 2020, due to securing 28 new construction contracts during the reporting period[41]. - The lending business recorded revenue of approximately HKD 13,100,000, up from HKD 11,900,000 in the same period last year, with loan principal amounts ranging from HKD 200,000 to HKD 25,000,000 and interest rates between 7.0% and 40.5%[46]. - The asset management business recorded revenue of approximately HKD 683,000 during the reporting period[49]. Business Strategy and Operations - WLS Holdings Limited continues to focus on its core business areas, including construction and scaffolding services, lending, and asset management[14]. - The company secured 28 new construction contracts in the reporting period, significantly up from 12 contracts in the same period of the previous year[53]. - The company actively developed the rental business for suspended working platforms, achieving a stable number of new contracts in a competitive local market[45]. - The company adjusted its business strategy to lower construction contract prices to win more new contracts amid increased competition due to the pandemic[53]. - The company has expanded its renovation services to include ceiling works, receiving positive feedback from clients[44]. Asset Management and Investments - The company recognized a fair value gain of HKD 7,497,000 on financial assets measured at fair value through profit or loss, compared to a loss of HKD 5,607,000 in the previous year[20]. - The investment portfolio achieved a fair value gain of approximately HKD 7,800,000, compared to a fair value loss of approximately HKD 5,600,000 in the previous year, primarily due to the upward trend in the Hong Kong stock market[47]. - The company completed the sale of a subsidiary for a total consideration of HKD 76,000,000, along with related loan income of HKD 2,000,000[21]. - The net cash inflow from the sale of the subsidiary was HKD 66,919,000 after deducting transaction costs[32]. Expenses and Costs - The operating and administrative expenses for the period were HKD 9,328,000, slightly lower than HKD 9,880,000 in the previous year[5]. - Financing costs rose from approximately HKD 2,200,000 to approximately HKD 2,400,000[58]. Shareholder Information - Shareholder equity as of July 31, 2021, was approximately HKD 565,200,000, up from approximately HKD 521,400,000 on April 30, 2021[60]. - The company did not recommend any dividend distribution for the three months ended July 31, 2021[38]. - As of July 31, 2021, Dr. Su Ru Cheng holds 3,320,000 shares, representing approximately 0.05% of the company's issued share capital[72]. - Ms. Li Wan Wei holds 6,640,000 shares, also representing approximately 0.05% of the company's issued share capital[72]. - Mr. Jiang Jin Hong owns 1,778,000 shares, which is approximately 0.01% of the company's issued share capital[72]. - Mr. Su Hong Jin possesses 800,000 shares, accounting for approximately 0.01% of the company's issued share capital[72]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated first-quarter results for the three months ending July 31, 2021[87]. - The company has complied with the GEM Listing Rules regarding the conduct of securities transactions by directors[80]. - The company maintains the required public float as per GEM Listing Rules[83]. - The company has established a clear written terms of reference for its audit committee, outlining its powers and responsibilities[85]. - The company has adhered to the corporate governance code as per GEM Listing Rules, with some deviations noted[84].

Financial Performance - WLS Holdings Limited reported a significant increase in revenue, achieving a total of HKD 150 million, representing a growth of 25% compared to the previous year[1]. - The company’s net profit for the year was HKD 30 million, reflecting a 15% increase year-on-year[1]. - The Group's total turnover for the year was HK$150.21 million, an increase from HK$139.52 million in the previous year[23]. - The net loss attributable to owners from continuing operations decreased significantly to approximately HK$13.8 million, down from approximately HK$103.1 million in the previous year[100]. - Gross profit increased by approximately 22.4% to approximately HK$72.0 million, with a gross profit margin rising to approximately 48.0% from approximately 42.1%[100]. User Engagement and Market Expansion - User data showed a 20% increase in active users, reaching a total of 200,000 users by the end of the fiscal year[1]. - WLS Holdings Limited plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[1]. - The Group was awarded a total of 28 new construction contracts during the year, compared to 12 new contracts in the previous year[57]. Investment and Development - The company is investing HKD 10 million in new product development, focusing on innovative technologies to enhance service offerings[1]. - The Group will continue to explore suitable investment opportunities to diversify its business portfolio[96]. - The Group entered into a strategic cooperation agreement with Dowin Financial Holdings Group Limited to explore joint investments in technology finance sectors, including trust, insurance, and wealth management[153]. Operational Efficiency and Cost Management - The management emphasized a commitment to improving operational efficiency, aiming for a 5% reduction in operational costs over the next year[1]. - Operating and administrative expenses decreased from approximately HK$44.0 million to approximately HK$42.7 million due to reduced patent expenses[100]. - The Group will continue to improve the collection procedures for loans receivable despite the difficulties faced in customer repayments[86]. Challenges and Risks - The construction industry in Hong Kong experienced steady growth during the year, despite challenges such as fierce competition and labor shortages[30]. - The Group has identified significant risks including labor shortages that could impact operational efficiency and profitability, particularly in labor-intensive sectors[164]. - The impacts of COVID-19 and political unrest in Hong Kong have contributed to a downward trend in the Hong Kong property market, posing challenges to the scaffolding industry[91]. Strategic Partnerships and Acquisitions - A new strategic partnership has been established with a leading technology firm to leverage advanced analytics in operations[1]. - The Group is currently negotiating the detailed terms of a proposed acquisition of part of the registered capital in a target company focused on corporate consultancy and big data platform management[153]. - The company is exploring potential acquisition opportunities to enhance its service portfolio and market reach[1]. Money Lending Operations - Money lending operations contributed approximately HK$51.8 million to the Group's turnover, representing an increase of approximately 15.5% compared to the previous financial year[37]. - The revenue from the money lending business increased during the year due to a rising trend in financing loans for corporations and individuals amid the economic impacts of COVID-19[66]. - The Group's money lending business aims to earn interest income while avoiding bad debts, with all loans granted in compliance with established guidelines[69]. Employee and Labor Management - The Group's total staff costs amounted to approximately HK$40.1 million for the year, a decrease from approximately HK$44.3 million in the previous year[187]. - As of April 30, 2021, the total number of full-time employees was 81, down from 90 the previous year[187]. - The Group is committed to providing a safe and healthy working environment to retain labor and mitigate risks associated with labor shortages[168]. Financial Position and Assets - As of April 30, 2021, the Group's total assets were approximately HK$711.1 million, down from approximately HK$732.1 million the previous year[102]. - The Group's net loan and interest receivables amounted to approximately HK$472.2 million, an increase from approximately HK$462.4 million in 2020[117]. - The Group's gearing ratio was approximately 28.8% as of April 30, 2021, an increase from approximately 27.5% in 2020[108]. Audit and Compliance - The Audit Committee has reviewed the consolidated financial statements of the Group for the Year[193]. - Four Audit Committee meetings were held during the Year[193]. - The Audit Committee is responsible for reviewing the financial reporting process and risk management systems of the Group[193].