Kwong Man Kee Group Limited 香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公 告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 鄺文記集團有限公司 （於開曼群島註冊成立之有限公司） （股票代號：8023） 補充公告 有關截至二零二四年三月三十一日止年度之年度報告 茲提述鄺文記集團有限公司（「本公司」，連同其附屬公司，「本集團」）截至二零 二四年三月三十一日止年度之年度報告（「年度報告」）。除另有界定者外，本公告 所用詞彙與年度報告所界定者具有相同涵義。 除年度報告所提供的資料外，本公司董事（「董事」）會（「董事會」）謹此根據GEM證 券上市規則（「GEM上市規則」）第23章，特別是GEM上市規則第23.07(2)條，向本 公司股東及潛在投資者提供有關年度報告第37至40頁所披露的本集團購股權計劃 （「購股權計劃」）的補充資料。 購股權計劃 截至二零二四年三月三十一日止財政年度開始及結束時，根據購股權計劃可供授 出的購股權數目分別均為60,000,000股份。截至 ...

Financial Performance - The Group's revenue increased from approximately HK$72.2 million for the six months ended 30 September 2023 to approximately HK$75.6 million, representing an increase of approximately 4.8%[9] - The Group's gross profit decreased from approximately HK$26.5 million for the six months ended 30 September 2023 to approximately HK$25.3 million, a decline of approximately 4.6%[9] - Profit attributable to owners of the Company decreased from approximately HK$8.9 million for the six months ended 30 September 2023 to approximately HK$6.1 million for the same period in 2024[9] - Basic and diluted earnings per share was approximately HK1.02 cents for the six months ended 30 September 2024, down from approximately HK1.48 cents in 2023[9] - Operating profit for the period was approximately HK$7.99 million, down from approximately HK$11.09 million in the previous year[11] - Profit before income tax decreased from approximately HK$10.76 million in 2023 to approximately HK$8.16 million in 2024[11] - Total comprehensive income for the period was approximately HK$6.51 million, compared to approximately HK$8.98 million in the same period last year[14] - The Group's total comprehensive income attributable to owners of the Company was approximately HK$5.96 million for the period, down from approximately HK$8.84 million in 2023[14] Assets and Liabilities - Total assets increased to HK$197.31 billion as of 30 September 2024, up from HK$181.26 billion as of 31 March 2024, representing a growth of approximately 8.9%[18] - Current assets, particularly inventories, surged to HK$22.90 billion, a significant increase from HK$13.76 billion, reflecting a growth of about 66.5%[18] - Total equity rose to HK$132.96 billion, compared to HK$126.45 billion, marking an increase of approximately 5.2%[21] - The company’s total liabilities increased to HK$64.35 billion, up from HK$54.81 billion, representing a rise of approximately 17.4%[21] - Cash and cash equivalents at the end of the period were HK$37.68 billion, down from HK$52.25 billion, reflecting a decrease of approximately 28%[27] Cash Flow and Investments - Net cash used in operating activities was HK$8.64 billion for the six months ended 30 September 2024, compared to a net cash generated of HK$22.85 billion in the same period last year[27] - The company incurred net cash used in investing activities of HK$8.73 billion, compared to HK$22.85 billion generated in the previous year[27] - The company reported a decrease in cash flow from financing activities, generating HK$598.61 million compared to HK$4.16 billion in the previous year[27] Revenue Breakdown - Revenue from flooring services was HK$58,506,693, a decrease of 9.3% from HK$64,897,056 in the previous year[41] - Ancillary services revenue increased significantly to HK$16,464,070, up 136.5% from HK$6,952,041 in 2023[41] - Sales of materials rose to HK$668,010, compared to HK$317,911 in the prior year, marking a 109.8% increase[41] - Revenue from customers in Hong Kong was HK$74,963,861, up from HK$71,946,323, reflecting a growth of 4.0%[47] - Revenue from Macau customers increased to HK$322,002 from HK$50,524, a substantial rise of 536.5%[47] - Revenue from other Asian regions reached HK$352,910, compared to HK$170,161, representing a growth of 107.5%[47] Employee and Operational Costs - Employee benefit expenses rose to HK$14,684,779 for the six months ended 30 September 2024, up from HK$13,330,690 in 2023[99] - Subcontractor costs increased to HK$19,629,623 for the six months ended 30 September 2024, compared to HK$15,303,353 in the previous year[99] - The cost of materials used for the six months ended 30 September 2024 was HK$25,485,684, a decrease from HK$26,067,005 in the same period of 2023[99] Shareholder Information - As of September 30, 2024, Mr. Kwong holds a long position of 392,886,000 shares in the company, representing approximately 65.76% of the total shareholding[174] - Sage City, owned 70% by Mr. Kwong and 30% by Mr. Yip, holds a beneficial interest of 392,886,000 shares, equating to 65.76% of the company[185] - Mrs. Kwong, as the spouse of Mr. Kwong, is deemed to have an interest in all shares held by Mr. Kwong, which totals 392,886,000 shares or 65.76%[185] Corporate Governance - The company has complied with the Corporate Governance Code for the six months ended September 30, 2024[191] - No competing interests were reported by the Directors or controlling shareholders during the six months ended September 30, 2024[190] - All Directors confirmed compliance with the Code of Conduct for securities transactions during the six months ended September 30, 2024[192] Future Outlook - The Group expects to face challenges due to slowing global economic conditions and uncertainties in the property markets in Hong Kong and Macau[138][140] - The Group is pursuing diversification in revenue and business risks by exploring opportunities in growing economies within the Asian region[139][140] - The Group aims to maintain its competitive edge and market leadership in the carpark flooring and waterproofing sectors[139][140]

Financial Performance - The Group's revenue increased from approximately HK$72.2 million for the six months ended 30 September 2023 to approximately HK$75.6 million, representing an increase of approximately 4.8%[11] - The Group's gross profit decreased from approximately HK$26.5 million for the six months ended 30 September 2023 to approximately HK$25.3 million, a decline of approximately 4.6%[11] - Profit attributable to owners of the Company decreased from approximately HK$8.9 million for the six months ended 30 September 2023 to approximately HK$6.1 million for the same period ended 30 September 2024[11] - Basic and diluted earnings per share were approximately HK1.02 cents for the six months ended 30 September 2024, down from approximately HK1.48 cents in 2023[11] - Total comprehensive income for the period was HK$6,505,659, a decrease of 27.5% compared to HK$8,983,736 in the same period last year[16] - The profit attributable to owners of the Company decreased from HK$8.9 million for the six months ended 30 September 2023 to approximately HK$6.1 million for the same period in 2024[114] - The Group's gross profit decreased by approximately 4.6% from HK$26.5 million for the six months ended 30 September 2023 to approximately HK$25.3 million for the same period in 2024[125] - The gross profit margin dropped from approximately 36.7% for the six months ended 30 September 2023 to approximately 33.4% for the same period in 2024[125] Revenue Breakdown - Revenue for the six months ended September 30, 2024, was HK$75,638,773, an increase of 4.1% from HK$72,167,008 in the same period of 2023[13] - Revenue from flooring services decreased to HK$58,506,693 from HK$64,897,056, a decline of 9.3%[44] - Revenue from ancillary services increased significantly to HK$16,464,070 from HK$6,952,041, representing a growth of 136.1%[44] - The Group's revenue from customers in Hong Kong was HK$74,963,861, an increase from HK$71,946,323 in 2023[49] Assets and Liabilities - Total assets as of September 30, 2024, amounted to HK$197,307,860, an increase from HK$181,263,640 as of March 31, 2024[20] - Current assets, including inventories, increased significantly to HK$22,904,579 from HK$13,761,067[20] - Total liabilities rose to HK$64,348,699 from HK$54,810,138, indicating an increase of 17.5%[23] - Non-current assets, including property, plant, and equipment, slightly increased to HK$12,139,659 from HK$12,108,751[20] - Cash and cash equivalents decreased to HK$37,684,044 from HK$46,243,124, a decline of 18.3%[20] - The total trade receivables as of September 30, 2024, were HK$59,106,599, significantly higher than HK$46,046,759 as of March 31, 2024, indicating a growth of 28.4%[75] - Trade and retention receivables increased to HK$73,462,172 as of September 30, 2024, up 20.8% from HK$60,818,577 as of March 31, 2024[75] Cash Flow and Financing - For the six months ended September 30, 2024, the net cash used in operating activities was HK$ (8,636,948), compared to HK$ 22,848,375 for the same period in 2023[29] - The company incurred a net cash used in investing activities of HK$ (8,726,680) for the six months ended September 30, 2024, compared to HK$ 22,848,375 in 2023[29] - The company generated net cash from financing activities of HK$ 598,607 for the six months ended September 30, 2024, compared to HK$ 4,156,025 in the previous year[29] - The Group's bank borrowings amounted to HK$14,517,944 as of September 30, 2024, compared to HK$13,043,463 as of March 31, 2024, showing an increase of approximately 11%[96] - The total interest-bearing borrowings of the Group as at 30 September 2024 were approximately HK$16.5 million, secured by certain assets with a carrying amount of approximately HK$33.2 million[145] Employee and Operational Costs - Employee benefit expenses increased to HK$14,684,779 for the six months ended September 30, 2024, from HK$13,330,690 in the same period of 2023, representing an increase of about 10%[101] - The increase in employee costs is attributed to performance-based remuneration and market conditions[162] - Subcontractor costs increased to HK$19,629,623 for the six months ended September 30, 2024, compared to HK$15,303,353 in the same period of 2023, reflecting a rise of about 28%[101] Dividends and Share Capital - The Board does not recommend the payment of an interim dividend for the six months ended 30 September 2024, compared to no dividend in 2023[11] - The Group does not recommend the payment of a dividend for the six months ended September 30, 2024, consistent with the previous year[200] - A final dividend of HK$0.01 per share, totaling HK$5,974,440, was declared for the year ended March 31, 2024, and paid in October 2024[200] - As of September 30, 2024, the Company's issued share capital was HK$5,974,440, with 597,444,000 ordinary shares issued[154] Governance and Compliance - The Company has complied with the Corporate Governance Code for the six months ended September 30, 2024[193] - No competing interests were reported among Directors or controlling shareholders during the six months ended September 30, 2024[192] - All Directors confirmed compliance with the Code of Conduct for securities transactions during the six months ended September 30, 2024[194] Market Conditions and Future Outlook - The Group is expected to face challenges due to slowing global economic conditions and uncertainties in the property markets in Hong Kong and Macau[140] - The Group is actively pursuing diversification in revenue and business risks by exploring investment opportunities in growing economies within the Asian region[141]

Revenue Performance - For the year ended March 31, 2024, revenues from Hong Kong, Macau, and other Asian regions were approximately HK$145.6 million, HK$1.6 million, and HK$384,000 respectively, showing a decline from HK$168.2 million, HK$2.4 million, and HK$0 in 2023[21] - Revenue from Hong Kong, Macau, and other Asian markets for the year ending March 31, 2024, was approximately HKD 145.6 million, HKD 1.6 million, and HKD 0.384 million respectively, compared to HKD 168.2 million, HKD 2.4 million, and HKD 0 million in 2023[25] - For the year ended March 31, 2024, the Group recorded total revenue of approximately HK$147.6 million, a decrease of approximately 13.5% compared to HK$170.6 million for the same period in 2023[62] - Revenue from flooring services decreased by HK$19.2 million to HK$123.8 million in 2024, down from approximately HK$143.0 million in 2023[64] - Revenue from ancillary services decreased by HK$4.1 million to HK$23.0 million in 2024, down from approximately HK$27.1 million in 2023[65] - Revenue from Hong Kong was approximately HK$145.6 million in 2024, compared to approximately HK$168.2 million in 2023, representing a decrease of about 13.4%[61] - Revenue from Macau was HK$1.6 million in 2024, down from approximately HK$2.4 million in 2023[61] Market Conditions - The company noted that the demand in the commercial and private residential markets in Hong Kong and Macau remained relatively weak due to slowing global economic conditions and uncertainty in the property sector[22] - The company noted a decline in demand in the commercial and residential markets due to a slowdown in the global economy and uncertainty in the real estate sector in Hong Kong and Macau[25] - Global inflation and increased interest rates have resulted in higher borrowing costs, adversely impacting property developers' willingness to purchase land for construction projects[22] - The directors expect the business environment in Hong Kong and Macau to remain challenging in the coming years[23] - The board anticipates continued challenges in the business environment in Hong Kong and Macau and will monitor market conditions closely[26] Financial Performance - Profit attributable to owners of the Company decreased from approximately HK$19.1 million for the year ended March 31, 2023, to approximately HK$13.9 million for the year ended March 31, 2024[62] - The Group's annual profit attributable to owners decreased from approximately HK$19.1 million for the year ended 31 March 2023 to approximately HK$13.9 million for the year ended 31 March 2024, representing a decline of about 27.5%[97] - The Group's income tax expense decreased from approximately HK$4.2 million for the year ended 31 March 2023 to approximately HK$3.7 million for the year ended 31 March 2024, reflecting a reduction in profit before tax from approximately HK$24.0 million to approximately HK$18.5 million[96] Operational Adjustments - The company is making continuous efforts to diversify its revenue sources by exploring business opportunities in developing and growing economies in the Asian regions[22] - The company is actively seeking alternative business opportunities and exploring new sources of income globally to diversify risks for shareholders[28] - The company aims to maintain competitiveness in the carpark flooring and waterproofing sectors while further developing its existing business[30] Financial Position - As of 31 March 2024, the Group maintained cash and cash equivalents of approximately HK$46.2 million, an increase from approximately HK$34.4 million as of 31 March 2023[100] - The Group's current ratio improved to approximately 2.6 times as of 31 March 2024, compared to approximately 2.4 times as of 31 March 2023[100] - Total interest-bearing borrowings increased to approximately HK$15.5 million as of 31 March 2024, up from approximately HK$14.0 million as of 31 March 2023[101] - The total assets of the Group rose to approximately HK$181.3 million as of 31 March 2024, compared to approximately HK$174.3 million as of 31 March 2023[102] - The gearing ratio as of 31 March 2024 was approximately 10.9%, slightly up from approximately 10.5% as of 31 March 2023[105] - The Group's total equity increased to approximately HK$126.5 million as of 31 March 2024, compared to approximately HK$118.7 million as of 31 March 2023[102] Governance and Management - The Board is responsible for directing and supervising the Company's affairs, meeting regularly to review financial and operational performance[143] - The Company has complied with the principles and applicable code provisions of the Corporate Governance Code for the year ended March 31, 2024[135] - The Company has appointed four independent non-executive directors, representing at least one-third of the Board, ensuring independent judgment[153] - The Board is responsible for formulating business strategy, reviewing financial statements, and monitoring business performance[166] - The Company has received annual confirmations of independence from each independent non-executive director, affirming their independence as of the report date[154] - The Board has reviewed and discussed the corporate governance policies and compliance with the CG Code, finding them effective[165][167] - The Company is committed to a well-balanced Board and has a nomination committee to review human resources policies and recruitment processes[150] Employee and Operational Metrics - As of March 31, 2024, the Group had a total of 54 employees, an increase from 52 employees in 2023[123] - Employee costs for the year ended March 31, 2024, were approximately HK$27.1 million, up from approximately HK$23.6 million in 2023, representing an increase of about 18.5%[123] - The gender ratio of the Group's employees as of March 31, 2024, was approximately 87.0% male and 13.0% female, with plans to gradually increase the proportion of female staff[124] Committees and Meetings - The Audit Committee held 4 meetings during the year ended March 31, 2024, with full attendance from Mr. Law Pui Cheung and Ms. Yu Wan Wah Amparo, and 3 out of 4 meetings attended by Mr. Wat Danny Hiu Yan[185] - The Remuneration Committee conducted 2 meetings on August 9, 2023, and February 5, 2024, to review and recommend remuneration policies for Directors and senior management[192] - The Company emphasizes continuous professional development for Directors, with training records maintained for each Director[171] - The Company has established four Board committees, including the Audit Committee, to oversee specific aspects of its affairs[177]

Business Environment and Strategy - The business environment in Hong Kong and Macau is expected to remain challenging in the coming years[4] - The company aims to actively seek alternative business opportunities globally to diversify revenue sources[5] - The company will continue to focus on maintaining competitiveness in the car park flooring and waterproofing sectors[5] - The Group is actively pursuing diversification in revenue and business risks by exploring opportunities in growing economies within the Asian region[44] - The Group aims to maintain its competitive edge and market leadership in the carpark flooring and waterproofing sectors, which are core components of its business[44] Financial Performance - For the year ended 31 March 2024, the Group recorded total revenue of approximately HK$147.6 million, a decrease of approximately 13.5% from approximately HK$170.6 million for the same period in 2023[16] - Revenue from flooring services decreased by HK$19.2 million to HK$123.8 million, compared to approximately HK$143.0 million in 2023[16] - Revenue from ancillary services decreased by HK$4.1 million to HK$23.0 million, down from approximately HK$27.1 million in 2023[16] - The Group's profit attributable to owners decreased from approximately HK$19.1 million in 2023 to approximately HK$13.9 million in 2024[16] - Gross profit for the year ended 31 March 2024 was approximately HK$53.3 million, with a gross profit margin increasing from approximately 31.6% in 2023 to approximately 36.1% in 2024[18] - The Group's profit before income tax decreased from approximately HK$24.0 million in 2023 to approximately HK$18.5 million in 2024[43] - Income tax expense decreased to approximately HK$3.7 million for the year ended March 31, 2024, down from approximately HK$4.2 million in 2023[43] - The Group's other income and gains decreased significantly from approximately HK$2.3 million in 2023 to approximately HK$561,000 in 2024[41] Operational Challenges - The decrease in revenue was attributed to the postponement of contracts by property developers and a decrease in higher contract sum projects undertaken by the Group[17] - The overall demand in the commercial and private residential markets in Hong Kong and Macau remains relatively weak due to slowing global economic conditions and uncertainty in the property sector[192] - Global inflation and increased interest rates have led to higher borrowing costs, potentially affecting property developers' willingness to purchase land for construction projects[192] Cash and Assets - As of March 31, 2024, the Group had cash and cash equivalents of approximately HK$46.2 million, an increase from approximately HK$34.4 million in 2023[24] - The Group's current ratio improved to approximately 2.6 times as of March 31, 2024, compared to approximately 2.4 times in 2023[24] - Total interest-bearing borrowings were approximately HK$15.5 million as of March 31, 2024, up from approximately HK$14.0 million in 2023[24] - The Group's total assets increased to approximately HK$181.3 million as of March 31, 2024, from approximately HK$174.3 million in 2023[24] - The gearing ratio was approximately 10.9% as of March 31, 2024, compared to approximately 10.5% in 2023[24] Corporate Governance - The Audit Committee was established to review and supervise the Company's financial reporting process and internal control system[57] - The Remuneration Committee is responsible for reviewing and making recommendations regarding the remuneration policy and structure of Directors and senior management[59] - The Nomination Committee provides recommendations to the Board regarding candidates to fill vacancies on the Board and/or in senior management[64] - The Company has adopted a Board diversity policy to achieve diversity through various factors including gender, age, and professional experience[66] - The Board will regularly review its diversity goals to ensure their appropriateness and progress[67] - The Board has two female directors and aims to maintain or increase this gender diversity ratio[68] - The Company has implemented a zero-tolerance policy towards corruption and bribery, ensuring compliance among all directors and employees[72] - The Company has a risk management and internal control system that is deemed effective and adequate by the Board[115] Shareholder Communication - The Board is committed to ensuring effective communication with shareholders and stakeholders, providing timely access to balanced and understandable information[124] - The Company encourages directors and committee members to attend general meetings to engage with shareholders and address their questions[101] - The Company is committed to promoting and maintaining effective communication with shareholders and investors[126] Dividend and Shareholder Matters - For the year ended 31 March 2024, the Group declared a final dividend of HK1 cent per share[138] - The proposed final dividend is subject to approval at the annual general meeting scheduled for 23 August 2024[158] - The register of members will be closed from 20 August 2024 to 23 August 2024 for determining entitlement to attend and vote at the AGM[159] Compliance and Reporting - The Company continues to adopt a going concern approach in preparing its consolidated financial statements, with no material uncertainties identified[71] - The financial performance for the year ending March 31, 2024, has been audited and is in compliance with GEM Listing Rules[186] - The company confirms that the information in the report is accurate and complete in all material respects, with no misleading or deceptive statements[189] - The report will be available on the Stock Exchange's website for at least 7 days from the posting date[182] Environmental and Social Responsibility - The Group has established an effective environmental management system in accordance with international standards to support its operations[131] - An environmental policy has been implemented to demonstrate the Group's commitment to environmental protection[153] - The Company has adopted a whistleblowing policy to encourage reporting of misconduct and ensure good corporate governance[116]

Financial Performance - The Group's revenue decreased from approximately HK$92.9 million for the six months ended 30 September 2022 to approximately HK$72.2 million, a decline of approximately 22.4% for the six months ended 30 September 2023[9]. - The Group's gross profit decreased by approximately 17.8% from approximately HK$32.2 million for the six months ended 30 September 2022 to approximately HK$26.5 million for the same period in 2023, while the gross profit margin increased from approximately 34.6% to approximately 36.7%[9]. - Profit attributable to owners of the Company decreased from approximately HK$15.1 million for the six months ended 30 September 2022 to approximately HK$8.9 million for the same period in 2023[9]. - Operating profit for the six months ended 30 September 2023 was approximately HK$11.1 million, down from HK$18.8 million for the same period in 2022[12]. - Profit before income tax for the six months ended 30 September 2023 was approximately HK$10.8 million, compared to HK$18.0 million for the same period in 2022[12]. - The Group's total comprehensive income for the period was approximately HK$9.0 million, down from HK$15.2 million for the same period in 2022[12]. - The profit for the period ended September 30, 2023, was HK$8,877,135, a decrease of 41.5% compared to HK$15,109,038 for the same period in 2022[23][27]. - Total comprehensive income for the period attributable to owners of the Company was HK$3,066,823 for the three months ended 30 September 2023, down from HK$9,511,500 in 2022, representing a decline of 67.7%[14]. Revenue Breakdown - Revenue from flooring services for the six months ended September 30, 2023, was HK$64,897,056, representing a decline of 20.0% compared to HK$81,269,720 in the same period last year[58]. - Ancillary services revenue for the six months ended September 30, 2023, decreased by 39.1% to HK$6,952,041 from HK$11,483,006 in the previous year[58]. - Revenue from customers in Hong Kong, Macau, and other Asian regions for the six months ended 30 September 2023 was HK$71,946,323, a decrease of 22.6% from HK$92,943,972 in 2022[61]. - For the three months ended September 30, 2023, the Group reported revenue of HK$36,947,203, a decrease of 24.8% compared to HK$49,075,788 for the same period in 2022[58]. Expenses and Costs - General and administrative expenses increased to approximately HK$16.0 million for the six months ended 30 September 2023, compared to HK$14.7 million for the same period in 2022[12]. - The cost of flooring materials used for the six months ended 30 September 2023 was HK$26,067,005, a decrease from HK$32,930,883 for the same period in 2022[114]. - Subcontractor costs for the six months ended 30 September 2023 were HK$15,303,353, down from HK$24,407,529 in the previous year[114]. - Employee costs for the six months ended September 30, 2023, were approximately HK$13.3 million, compared to HK$11.5 million in the same period of 2022[170]. Cash Flow and Assets - Cash and cash equivalents increased to HK$52,253,298 as at 30 September 2023, up from HK$34,409,576 as at 31 March 2023, indicating a rise of 52.0%[20]. - Net cash generated from operating activities for the six months ended September 30, 2023, was HK$22,848,375, significantly higher than HK$9,299,280 in the previous year, representing a 146.5% increase[27]. - Total assets as at 30 September 2023 amounted to HK$181,636,346, an increase from HK$174,298,372 as at 31 March 2023, representing a growth of 4.0%[20]. - Trade receivables decreased significantly to HK$38,691,312 as of September 30, 2023, down 22.1% from HK$49,673,399 as of March 31, 2023[85]. Dividends and 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[9]. - As of September 30, 2023, Mr. Kwong holds 392,886,000 shares in the Company, representing approximately 65.48% of the total shareholding[179]. - Mr. Kwong beneficially owns 70% of Sage City, which holds 65.48% of the Company's shares, making him deemed to have an interest in all shares owned by Sage City[181]. - No other Directors or chief executives had any interests or short positions in the shares or debentures of the Company or associated corporations as of September 30, 2023[187]. Governance and Compliance - The Company has complied with the principles and applicable code provisions of the Corporate Governance Code for the six months ended September 30, 2023[198]. - The Company disclosed no substantial shareholders with interests or short positions in the shares or underlying shares as of September 30, 2023[188]. - All Directors confirmed full compliance with the Code of Conduct during the six months ended September 30, 2023[199].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Kwong Man Kee Group Limited 鄺 文 記 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股票代號：8023） 截至二零二三年九月三十日止六個月之 中期業績公佈 鄺文記集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）之董事（「董事」） 會（「董事會」）欣然公佈本集團截至二零二三年九月三十日止六個月之未經審核綜 合財務業績。本公告列載本公司截至二零二三年九月三十日止六個月之中期業績 報告（「2023/24中期報告」）之全文，並符合香港聯合交易所有限公司之GEM證券 上市規則（「GEM上市規則」）有關中期業績初步公佈隨載的資料要求。本公司 2023/24中期報告的印刷版本將於適當時候按照GEM上市規則所規定的方式寄發 予本公司股東，並將可在香港聯合交易所有限公司網站www.hkexnews.hk及本公 司的網站www.kmk.com.hk閱覽。 承董事會命 鄺文記 ...

Financial Performance - The Group's revenue decreased from approximately HK$43.9 million for the three months ended June 30, 2022, to approximately HK$35.2 million, representing a decline of approximately 19.7%[9] - The Group's gross profit decreased by approximately 5.8% from approximately HK$15.0 million for the three months ended June 30, 2022, to approximately HK$14.1 million for the same period in 2023, while the gross profit margin increased from approximately 34.2% to approximately 40.1%[9] - Profit attributable to owners of the Company increased from approximately HK$5.6 million for the three months ended June 30, 2022, to approximately HK$5.8 million for the same period in 2023[9] - Operating profit for the three months ended June 30, 2023, was approximately HK$6.98 million, compared to approximately HK$7.36 million for the same period in 2022[13] - The profit before income tax for the period was approximately HK$6.83 million, slightly down from approximately HK$7.04 million in the previous year[13] - The total comprehensive income for the period attributable to owners of the Company was approximately HK$5.77 million, compared to approximately HK$5.62 million for the same period in 2022[15] - Basic and diluted earnings per share attributable to owners of the Company increased to 0.97 HK cents from 0.93 HK cents[15] - The profit for the period was HK$5,813,251, an increase from HK$5,608,975 in the previous year[17] - Total comprehensive income for the period was HK$5,769,089, compared to HK$5,616,888 in the same period last year[17] Revenue Breakdown - Revenue from flooring services was HK$31,331,202, down 19.4% from HK$38,847,394 in the previous year[31] - Revenue from ancillary services decreased to HK$3,686,751, a decline of 26.0% from HK$4,973,890 in the prior year[31] - Sales of materials dropped significantly to HK$201,852, compared to HK$46,900 in the same period last year[31] - For the three months ended June 30, 2023, the total revenue was HK$35,219,805, a decrease of 19.7% compared to HK$43,868,184 for the same period in 2022[31] Expenses and Costs - Other income and gains decreased significantly from approximately HK$299,301 in 2022 to approximately HK$21,138 in 2023[13] - The Group's general and administrative expenses increased from approximately HK$7.03 million in 2022 to approximately HK$7.54 million in 2023[13] - Cost of materials used decreased to HK$11,839,298 in 2023 from HK$15,579,703 in 2022, reflecting a reduction of approximately 24.5%[48] - Subcontractor costs decreased to HK$7,269,785 in 2023 from HK$11,442,622 in 2022, a decline of approximately 36.4%[48] - Employee benefit expenses increased to HK$6,450,241 in 2023 from HK$5,810,576 in 2022, an increase of approximately 11%[48] - General and administrative expenses increased by approximately HK$511,000 from approximately HK$7.0 million to approximately HK$7.5 million, primarily due to increased staff salaries[71] Dividends and Shareholder Information - The Board does not recommend the payment of dividends for the three months ended June 30, 2023, compared to no dividends in the same period of 2022[9] - The Group did not recommend the payment of dividends for the three months ended June 30, 2023, consistent with the previous year[41] - As of June 30, 2023, Mr. Kwong holds 392,886,000 shares, representing approximately 65.48% of the company's shareholding[98] - Mr. Yip holds 3,000 shares in Sage City, which accounts for 30% of the shareholding in that associated corporation[102] - Mr. Kwong beneficially owns 70% of the issued share capital of Sage City, which holds 65.48% of the company[98] - Mrs. Kwong is deemed to be interested in all shares held by Mr. Kwong for the purposes of the Securities and Futures Ordinance[106] Corporate Governance and Compliance - The company has complied with the principles and applicable code provisions of the Corporate Governance Code for the three months ended June 30, 2023[110] - The Company has complied with the corporate governance code principles and applicable provisions during the three months ended June 30, 2023[113] - The Company has adopted the GEM Listing Rules as the code of conduct for securities transactions by Directors, with all Directors confirming compliance during the reporting period[115] - The Company has established an Audit Committee to oversee financial control, internal control, and risk management systems[123] - The Audit Committee has reviewed the Group's unaudited condensed consolidated financial results for the three months ended June 30, 2023[124] Market Outlook and Business Development - The local property market is gradually recovering, but demand in the commercial and private residential markets remains weak, leading to an uncertain economic outlook[83] - The Group is actively seeking to develop business in other Asia-Pacific markets to diversify income sources and manage risks[86] Other Information - The company has not early adopted new and revised HKFRSs that have been issued but are not yet effective for the current accounting period[29] - The financial information has been prepared in accordance with Hong Kong Financial Reporting Standards and has not been audited[26] - The Group's business is regarded as a single operating segment by the executive Directors[31] - The Company and its subsidiaries did not purchase, sell, or redeem any shares for the three months ended June 30, 2023[116] - No share options have been granted since the adoption of the share option scheme, and there were no outstanding share options as of June 30, 2023[118] - The Company has not engaged in any competitive business activities that could conflict with its operations as of June 30, 2023[112] - The company did not report any new product developments or market expansions during the reporting period[105] - The company has not disclosed any new strategies or mergers and acquisitions in the first quarter of 2023/24[105] - There were no competing interests reported among the Directors or controlling shareholders during the three months ended June 30, 2023[109] - No significant post-reporting period events were disclosed by the Board[93] - The company did not identify any interests or short positions in shares or underlying shares that required disclosure under the Securities and Futures Ordinance as of June 30, 2023[103]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Kwong Man Kee Group Limited 鄺 文 記 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股票代號：8023） 截至二零二三年六月三十日止三個月之 第一季度業績公佈 鄺文記集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）之董事（「董事」） 會（「董事會」）欣然公佈本集團截至二零二三年六月三十日止三個月之未經審核綜 合財務業績。本公告列載本公司截至二零二三年六月三十日止三個月之季度業績 報告（「2023/24第一季度業績報告」）之全文，並符合香港聯合交易所有限公司之 GEM證券上市規則（「GEM上市規則」）有關季度業績初步公佈隨載的資料要求。 本公司2023/24第一季度業績報告的印刷版本將於適當時候按照GEM上市規則 所規定的方式寄發予本公司股東，並將可在香港聯合交易所有限公司網站 www.hkexnews.hk及本公司的網站www.kmk.com.hk閱覽。 ...

Revenue Performance - Revenue from Hong Kong market was approximately HK$168.2 million for the year ended March 31, 2023, up from HK$104.9 million in 2022, representing a growth of 60.5%[23] - Revenue from Macau market decreased to approximately HK$2.4 million in 2023 from HK$5.5 million in 2022, a decline of 56.4%[23] - Revenue from the Hong Kong market for the year ended March 31, 2023, was approximately HKD 168,200,000, an increase from HKD 104,900,000 in 2022, representing a growth of 60.5%[27] - Revenue from the Macau market for the same period was approximately HKD 2,400,000, a decrease from HKD 5,500,000 in 2022, indicating a decline of 56.4%[27] - For the year ended March 31, 2023, the Group recorded total revenue of approximately HK$170.6 million, an increase of approximately 54.5% compared to approximately HK$110.4 million for the year ended March 31, 2022[60] - Revenue increased by approximately HK$60.2 million or 54.5% from approximately HK$110.4 million for the year ended 31 March 2022 to approximately HK$170.6 million for the year ended 31 March 2023[72] Profitability and Financial Performance - The Group's net profit attributable to owners increased significantly from approximately HK$7.5 million for the year ended March 31, 2022, to approximately HK$19.1 million for the year ended March 31, 2023[60] - The Group's gross profit rose by approximately 50.7% from approximately HK$35.7 million for the year ended March 31, 2022, to approximately HK$53.8 million for the year ended March 31, 2023[68] - The gross profit margin slightly decreased from approximately 32.4% for the year ended March 31, 2022, to approximately 31.6% for the same period in 2023[68] - Other income and gains increased significantly by approximately HK$1.9 million from approximately HK$418,000 to approximately HK$2.3 million, primarily due to government subsidies received[74] - Impairment loss on trade and retention receivables decreased from approximately HK$2.4 million to approximately HK$748,000[75] - Income tax expense increased from approximately HK$1.7 million to approximately HK$4.2 million, attributed to an increase in profit before tax from approximately HK$9.2 million to approximately HK$24.0 million[79] - General and administrative expenses rose by approximately HK$6.1 million from approximately HK$24.1 million to approximately HK$30.2 million, mainly due to increased staff costs and marketing expenses[77] Business Environment and Strategy - The local property market in Hong Kong has gradually recovered since the COVID-19 outbreak, but demand in commercial and private residential markets remains weak[23] - The Group anticipates a challenging business environment in Hong Kong and Macau in the coming years due to various economic factors, including global inflation and interest rate hikes[24] - The company anticipates a challenging business environment in Hong Kong and Macau, with ongoing market uncertainties affecting the property sector[28] - The Directors are actively seeking alternative business opportunities to diversify income sources and strengthen competitiveness in the car park flooring and waterproofing sectors[25] - The board is actively seeking alternative business opportunities to diversify revenue sources and enhance competitiveness in the parking lot flooring and waterproofing sectors[29] Financial Position - As of 31 March 2023, cash and cash equivalents were approximately HK$34.4 million, up from approximately HK$23.9 million in 2022, with a current ratio of approximately 2.4 times[88] - Total interest-bearing borrowings decreased from approximately HK$15.9 million to approximately HK$14.0 million, secured by assets with a carrying amount of approximately HK$35.2 million[89] - As of March 31, 2023, the Group's total assets were approximately HK$174.3 million, an increase from approximately HK$149.8 million in 2022[94] - The Group's total liabilities and total equity as of March 31, 2023, were approximately HK$55.6 million and approximately HK$118.7 million, respectively, compared to approximately HK$48.0 million and approximately HK$101.8 million in 2022[100] - The Group's cash and cash equivalents as of March 31, 2023, were approximately HK$34.4 million, up from approximately HK$23.9 million in 2022[91] - The gearing ratio as of March 31, 2023, was approximately 10.5%, a decrease from approximately 13.5% in 2022[96] Corporate Governance - The Company has complied with the principles and applicable provisions of the Corporate Governance Code for the year ended March 31, 2023[125] - The Board of Directors meets regularly to review financial and operational performance, as well as overall strategies and policies[128] - All Directors confirmed full compliance with the securities trading code during the year ended March 31, 2023[126] - The Company has appointed three Independent Non-Executive Directors, representing at least one-third of the Board, ensuring independent judgment[139] - The Board composition includes experienced members with high standards of ethics and integrity, contributing to sustainable business development[136] - The Company received annual confirmations of independence from each Independent Non-Executive Director, maintaining their independent status[140] - The nomination committee is responsible for reviewing the director nomination policy to ensure the Board possesses sufficient skills and diversity relevant to the Company's business[136] - The Board held six meetings during the year ended March 31, 2023, with all directors attending at least 6 out of 6 meetings[150] - The Audit Committee conducted four meetings in the same period, with full attendance from its three members[170] - The Audit Committee reviewed the Group's audited consolidated financial statements for the year ended March 31, 2023, along with the financing, internal control, and risk management systems[171] - The Board is responsible for formulating business strategy and monitoring the Group's performance, ensuring management acts in the best interests of shareholders[153] - The Company emphasizes continuous professional development for directors, recommending attendance at relevant seminars and training sessions[157] - All directors participated in professional development training, with various types of training recorded for the year ended March 31, 2023[162] - The Company has established four Board committees to oversee specific aspects of its affairs, ensuring sufficient resources for their duties[163] - The Board is satisfied with the implementation and effectiveness of the corporate governance policies of the Group[152] Board Diversity and Composition - The Company has adopted a Board diversity policy to ensure a balanced composition, considering factors such as gender, age, and professional experience[197] - The existing Board members come from diverse backgrounds, maintaining female representation at the management level since 2016[198] - The company recognizes the value of gender diversity and appointed a female director to the board in 2016 to maintain female representation at the management level[199] - The board aims to achieve diversity by considering factors such as gender, age, cultural and educational background, race, professional experience, skills, knowledge, and tenure[199] - All current board members come from different industries and professions, providing a variety of skills and perspectives relevant to the company's business needs[199]