腳文記集團有限公司 KWONG MAN KEE GROUP LIMITED (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號：8023 FIRST QUARTERLY REPORT 2020/21 鍵一季度 鄺文記集團有限公司 第一季度業績報告 2020/21 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be a ...

Revenue Performance - The Group's revenue from Hong Kong was approximately HK$85.0 million for the year ended 31 March 2020, a decrease of 15.5% from approximately HK$100.7 million in 2019[17]. - Revenue from the Macau market was approximately HK$10.0 million, down 41.3% from approximately HK$17.2 million in 2019[17]. - For the year ended March 31, 2020, the Group recorded total revenue of approximately HK$95.0 million, a decrease of 19.4% compared to approximately HK$117.9 million for the year ended March 31, 2019[49]. - Revenue from the Hong Kong market was approximately HK$85.0 million, down from approximately HK$100.7 million in 2019, while revenue from the Macau market dropped to approximately HK$10.0 million from approximately HK$17.2 million in 2019[49]. - The significant drop in revenue from the Macau market was primarily caused by the outbreak of COVID-19 in early 2020[49]. Impact of COVID-19 - The decline in revenue was primarily due to project delays caused by social unrest in Hong Kong and the COVID-19 outbreak[17]. - The ongoing COVID-19 pandemic has led to precautionary measures affecting contractors and suppliers, impacting project timelines[17]. - The delays in project timelines were primarily due to social unrest in Hong Kong and the ongoing COVID-19 pandemic, which affected the operations of contractors and suppliers[21]. - The impact of COVID-19 caused delays in project progress and settlement of account receivables since February 2020[73]. - The Group is assessing the impacts of COVID-19 on its performance for the next financial year and will monitor the situation closely[18]. Business Operations and Services - The Group specializes in car park flooring services, including proprietary floor coating applications and ancillary services like texture painting and waterproofing[16]. - The Group provides car park flooring services, including proprietary floor coating products, specialized texture painting, and waterproofing works[49]. - The target market segment ranges from mid to high-end projects in the car park flooring industry[16]. - The Group's flooring services are designed to provide a colorful, slip-resistant, and durable surface resistant to water and petrochemicals[16]. Financial Performance - The Group's net profit decreased from approximately HK$9.9 million for the year ended March 31, 2019, to approximately HK$6.1 million for the year ended March 31, 2020[49]. - The gross profit dropped by approximately HK$3.3 million, or 10.2%, from approximately HK$32.7 million for the year ended March 31, 2019, to approximately HK$29.4 million for the year ended March 31, 2020[49]. - The gross profit margin increased from 27.8% for the year ended March 31, 2019, to 30.9% for the year ended March 31, 2020[52]. - The net profit of the Group decreased from approximately HK$9.9 million for the year ended March 31, 2019, to approximately HK$6.1 million for the year ended March 31, 2020, primarily due to a decrease in revenue[55]. Management and Governance - The Group's executive directors have over 35 years of experience in the construction industry, with Mr. Kwong being a sole shareholder since 2013[31]. - The independent non-executive directors bring diverse expertise, including over 35 years in accountancy and legal fields, enhancing governance[35]. - The Group's governance structure includes a mix of executive and independent non-executive directors, promoting accountability and transparency[35]. - The Board is committed to maintaining high levels of corporate governance to ensure transparency and accountability[80]. - The Company has taken out director and officer liability insurance to cover liabilities arising from legal actions against the Directors[94]. Future Plans and Strategies - The company plans to focus on diversifying its business and exploring new opportunities in the car park flooring market in Hong Kong and Macau[25]. - The company aims to expand its ancillary services, including specialized texture painting and waterproofing works[25]. - The Group plans to focus on diversifying its business and expanding ancillary services in response to market challenges and competition[62]. - Future opportunities and challenges will be influenced by the market and economic environment, particularly affecting the property market and construction schedules[61]. Financial Position - The Group's current ratio improved to approximately 2.4 times as at 31 March 2020, compared to approximately 2.2 times at 31 March 2019[63]. - As at 31 March 2020, the Group had cash and cash equivalents of approximately HK$19.6 million, down from approximately HK$23.6 million in 2019[63]. - Total interest-bearing borrowings as at 31 March 2020 were approximately HK$10.8 million, a decrease from approximately HK$11.6 million in 2019[64]. - The Group's total assets increased to approximately HK$119.2 million as at 31 March 2020, compared to approximately HK$117.8 million in 2019[65]. - The gearing ratio of the Group as at 31 March 2020 was approximately 11.3%, a decrease from 12.2% in 2019[69]. Corporate Governance and Compliance - The Company has complied with the principles and applicable code provisions of the CG Code for the year ended 31 March 2020, except for the deviation from CG Code provision A.2.1 until 1 September 2019[83]. - The Board consists of three independent non-executive directors, representing at least one-third of the Board, ensuring independent judgment[98]. - The Company encourages directors to attend relevant seminars for continuous professional development and maintains training records for each director[108]. - The Audit Committee was established on September 24, 2016, to review and supervise the Company's financial reporting process and internal control system[117]. - The Group's internal audit function reviewed key operational, financial, compliance, and risk management controls during the year ended March 31, 2020, with no material inadequacies found[169][171].

Financial Performance - The Group's revenue decreased to approximately HK$72.0 million, representing a decline of 21.4% compared to HK$91.6 million for the same period in 2018[13] - The Group's gross profit decreased by approximately HK$5.0 million, or 18.9%, from approximately HK$26.5 million for the nine months ended 31 December 2018 to approximately HK$21.5 million for the same period in 2019[13] - The Group's profit decreased from approximately HK$9.8 million for the nine months ended 31 December 2018 to approximately HK$3.9 million for the same period in 2019[13] - The operating profit for the nine months ended 31 December 2019 was approximately HK$4.77 million, down from HK$11.79 million in the same period of 2018[17] - Profit before income tax for the nine months ended 31 December 2019 was approximately HK$4.53 million, compared to HK$11.56 million for the same period in 2018[17] - The profit for the period decreased to approximately HK$3.88 million for the nine months ended 31 December 2019, down from HK$9.75 million in 2018[17] - Total comprehensive income for the nine months ended 31 December 2019 was HK$3,947,449, compared to HK$9,754,350 for the same period in 2018, indicating a significant decline of 59.6%[20] - The Company reported a profit of HK$3,950,352 for the nine months ended 31 December 2019, down from HK$9,754,350 in the previous year, a decrease of 59.6%[24] Dividends and Shareholder Returns - The Board does not recommend the payment of an interim dividend for the nine months ended 31 December 2019, compared to no dividend in 2018[13] - The Company declared a dividend of HK$4,200,000 during the nine months ended 31 December 2019[24] - The company does not recommend the payment of an interim dividend for the nine months ended 31 December 2019, consistent with the previous year where no dividend was paid[143] Revenue Breakdown - Revenue for the nine months ended 31 December 2019 was HK$71,994,863, a decrease of 21.4% compared to HK$91,612,136 for the same period in 2018[58] - Revenue from customers in Hong Kong was HK$65,153,818 for the nine months ended 31 December 2019, down 18.3% from HK$79,658,422 in 2018[59] - Revenue from customers in Macau was HK$6,841,045 for the nine months ended 31 December 2019, a decrease of 42.5% compared to HK$11,953,714 in 2018[59] Earnings and Share Performance - Basic earnings per share for the nine months ended 31 December 2019 was HK$0.66, down 59.5% from HK$1.63 in 2018[72] - Earnings per share attributable to owners of the Company for the three months ended 31 December 2019 was HK$0.51, compared to HK$0.61 for the same period in 2018, representing a decrease of 16.4%[20] Cost and Expenses - The Group's cost of sales for the nine months ended 31 December 2019 was approximately HK$50.47 million, compared to HK$65.08 million for the same period in 2018[17] - Cost of flooring materials used for the nine months ended 31 December 2019 was HK$27,289,466, a decrease of 23.3% from HK$35,563,222 in 2018[77] - Subcontractor costs for the nine months ended 31 December 2019 were HK$19,506,351, down 27.8% from HK$26,883,987 in 2018[77] - Employee benefit expenses for the nine months ended 31 December 2019 were HK$10,775,944, an increase of 13.5% from HK$9,491,659 in 2018[77] - General and administrative expenses increased by approximately HK$1.3 million from approximately HK$14.7 million for the nine months ended 31 December 2018 to approximately HK$15.9 million for the nine months ended 31 December 2019[100] Accounting Policies and Standards - The Group's financial data is prepared in accordance with the Hong Kong Financial Reporting Standards and GEM Listing Rules[35] - The Group adopted new standards and amendments effective from April 1, 2019, including HKAS 19, HKAS 28, HKFRS 9, and HKFRS 16, with no material impact from most of these changes[40] - The transition to HKFRS 16 did not have any significant impact on the current or prior periods, except as disclosed[40] - The Group's accounting policies remain consistent with those of the consolidated financial statements for the year ended March 31, 2019, unless otherwise stated[36] Liquidity and Financial Management - The Group maintained a healthy liquidity position throughout the reporting period, adopting a prudent financial management approach towards its treasury policies[112] - The Group's liquidity structure is closely monitored by the Board to meet funding requirements[112] - The Group's treasury policies are designed to manage liquidity risk effectively[112] Future Outlook and Strategy - The Group plans to explore new business opportunities through existing networks and industry exhibitions to strengthen its market position[109] - The Group aims to expand its ancillary services, including specialized texture painting and waterproofing works, to enhance revenue streams[109] - Future opportunities and challenges will be influenced by the market and economic environment affecting the property market and construction schedules[108] - The Group will implement measures to control operational costs, including labor and material costs, to improve profitability[109] Shareholding and Corporate Governance - As of December 31, 2019, Mr. Kwong Chi Man held 381,018,000 shares, representing approximately 63.5% of the Company's shareholding[123] - Sage City Investments Limited, beneficially owned by Mr. Kwong, also holds 381,018,000 shares, equating to a 63.5% shareholding in the Company[130] - The company is owned 70% by Mr. Kwong and 30% by Mr. Yip, with Mr. Kwong serving as chairman and executive director[1] - The company has complied with the principles and applicable code provisions of the Corporate Governance Code since 1 September 2019[140] - There are no competing interests from directors or controlling shareholders that could affect the company's business as of 31 December 2019[135] - The company has confirmed that all directors have complied with the required standards of dealings in securities transactions during the nine months ended 31 December 2019[141]

劇 文 記 集 國 有 很 公 司 KWONG MAN KEE GROUP LIMITED (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code : 8023 股份代號 INTERIM REPORT中期報告 2019/20 ........ . . 鄺文記集團有限公司 中期報告 2019/20 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」） GEM之特色 GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the S ...

Revenue Performance - The group's revenue increased from approximately HKD 24,000,000 for the three months ended June 30, 2018, to approximately HKD 28,600,000 for the three months ended June 30, 2019, representing a growth of 19.4%[6] - The company recorded revenue of approximately HKD 28,600,000 for the three months ended June 30, 2019, representing a 19.4% increase from approximately HKD 24,000,000 in the same period last year[44] - The total revenue from customers in Hong Kong and Macau was HKD 25,139,384 and HKD 3,455,997 respectively for the three months ended June 30, 2019[30] - The company’s revenue from flooring services was HKD 26,867,556 for the three months ended June 30, 2019, compared to HKD 23,132,182 in 2018[29] - The company’s revenue from supporting services was HKD 1,727,825 for the three months ended June 30, 2019, compared to HKD 817,977 in 2018[29] Profitability - The group's gross profit decreased by approximately HKD 940,000 or 12.9%, from approximately HKD 7,300,000 for the three months ended June 30, 2018, to approximately HKD 6,300,000 for the same period in 2019[6] - The group's net profit decreased from approximately HKD 2,200,000 for the three months ended June 30, 2018, to approximately HKD 306,000 for the same period in 2019[6] - The gross profit margin declined from 30.3% for the three months ended June 30, 2018, to 22.1% for the same period in 2019[6] - The operating profit for the three months ended June 30, 2019, was HKD 420,884, compared to HKD 2,569,997 for the same period in 2018[9] - The total comprehensive income for the three months ended June 30, 2019, was HKD 303,381, compared to HKD 2,239,646 for the same period in 2018[11] - The group's net profit significantly decreased from approximately HKD 2,200,000 to approximately HKD 306,000, attributed to the decline in gross profit margin and increased administrative expenses[51] Earnings Per Share - The basic and diluted earnings per share for the three months ended June 30, 2019, was HKD 0.05, down from HKD 0.37 for the same period in 2018[11] - The company’s earnings per share for the three months ended June 30, 2019, was HKD 0.05, compared to HKD 0.37 for the same period in 2018[36] Dividend Policy - The board of directors did not recommend the payment of an interim dividend for the three months ended June 30, 2019 (2018: none)[6] - The company did not recommend the distribution of dividends for the three months ended June 30, 2019[33] - No dividends were recommended for the interim period ending June 30, 2019, consistent with the previous year[73] Costs and Expenses - The company’s total costs for materials used amounted to HKD 12,468,885 for the three months ended June 30, 2019, compared to HKD 10,404,314 in 2018[37] - General and administrative expenses increased by approximately HKD 411,000 to approximately HKD 5,100,000, primarily due to employee costs and other administrative expenses[49] Financial Management - The company maintains a prudent financial management policy, ensuring a healthy liquidity position throughout the reporting period[54] - As of June 30, 2019, the group had no significant lease commitments or contingent liabilities[55] - The financial data presented is unaudited but has been reviewed by the company's audit committee[18] Corporate Governance - The company has complied with the GEM Listing Rules regarding corporate governance, except for a deviation in the separation of roles between the Chairman and CEO[68] - The board has decided to appoint Mr. Ye as the new CEO effective September 1, 2019, to focus on business operations and management[70] Future Outlook - Future opportunities and challenges will be influenced by property market developments, contractor schedules, and price competition in the parking lot paving market[53] - The group plans to explore new business opportunities through existing networks and industry exhibitions, particularly in Macau and China[53] - The group aims to expand its supporting services, including professional texturing and waterproofing projects[53] Impairment and Liabilities - The group recognized an impairment loss on trade receivables of approximately HKD 768,000 for the three months ended June 30, 2019, compared to none in the previous year[48] - The company recognized lease liabilities of approximately HKD 386,000 related to property leases as of June 30, 2019, following the adoption of HKFRS 16[42] Shareholding - Sage City holds a beneficial interest of 375,750,000 shares, representing 62.63% of the company's equity[63] - Li Chun Zhen, as the spouse of Mr. Kwan, is deemed to have an interest in all shares owned by Mr. Kwan, also totaling 375,750,000 shares or 62.63%[64] Share Transactions - The company has not purchased, sold, or redeemed any of its shares during the three months ending June 30, 2019[72]

劇 文 記 集 國 有 限 公 司 KWONG MAN KEE GROUP LIMITED ( 於 房 曼 群 島 註 冊 成 立 的 有 限 公 司 ) 股份代號：8023 n a p ■ 年 報 2019 ■ E ■ ■ ■ ■ ■ ■ . . . . . . . . . . . . . . . 香港聯合交易所有限公司（「聯交所」）GEM之特色 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主板上市的 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聯交所主板買賣之證券承 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。 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報告的內容概不負責，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報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。 本報告乃遵照香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）之規定而提供有關 鄺文記集團有 ...

脚文記集團有限公司 KWONG MAN KEE GROUP LIMITED (於阿曼群島註冊成立的有限公司) 股份代號：8023 第三季度業績報告 2018/19 01 鄺文記集團有限公司 2018/19第三季度業績報告 香港聯合交易所有限公司（「聯交所」）GEM之特色 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主 板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聯交所主板買賣 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。 本報告乃遵照香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）之規定而 提供有關鄺文記集團有限公司（「本公司」，連同其附屬公司統稱為「本集團」）之資料， 本公司各董事（「董事」）願共同及個別對此負全責。董事經作出一切合理查詢後，確認 就彼等所深知及確信，本報告所載資料在一切重要方面均屬準確及完整，並無誤導或欺 詐成份，且本報告並無遺漏任何其他事實致使本報告所載任何聲明或本報告 ...