Financial Performance - The company's revenue for the three months ended March 31, 2023, was SGD 4,143,007, a decrease of 30.8% compared to SGD 5,990,536 for the same period in 2022[4] - Gross profit for the same period was SGD 878,709, down 42.5% from SGD 1,525,621 in 2022[4] - The company reported a net profit of SGD 14,856 for Q1 2023, a significant decline of 98.2% from SGD 830,153 in Q1 2022[4] - The basic earnings per share for Q1 2023 was SGD 0.006, compared to SGD 0.371 in Q1 2022, reflecting a decrease of 98.4%[4] - The total comprehensive income attributable to owners of the company was SGD 42,201 in Q1 2023, compared to SGD 827,512 in Q1 2022, a decrease of 94.9%[4] - Profit for the period was approximately SGD 15,000, down from SGD 830,000 in the same period last year, reflecting a significant decline in profitability[31] - Gross profit for the period was approximately SGD 879,000, with a gross margin of about 21.2%, compared to a gross margin of 25.5% in 2022[31] Revenue Breakdown - Revenue from the signage business was SGD 2,746,685 in Q1 2023, compared to SGD 1,687,265 in Q1 2022, indicating a growth of 62.8%[12] - Revenue from renovation services was SGD 1,396,322 in Q1 2023, a significant increase from SGD 4,303,271 in Q1 2022, reflecting a change in reporting[15] - Revenue from signage and related products in the public and private sectors was approximately SGD 2,747,000, an increase of about SGD 1,060,000 compared to SGD 1,687,000 in 2022[33] - Revenue from renovation and refurbishment services decreased by approximately SGD 2,907,000, from SGD 4,303,000 in 2022 to SGD 1,396,000 in 2023, due to a reduction in the number of projects undertaken[33] Foreign Exchange and Financing Costs - The company experienced a foreign exchange loss of SGD 239,932 in Q1 2023, compared to a loss of SGD 18,520 in the same period last year[18] - The company experienced a foreign exchange loss of approximately SGD 240,000 due to the depreciation of the Hong Kong dollar against the Singapore dollar[32] - Financing costs increased to SGD 44,038 in Q1 2023, up from SGD 9,261 in Q1 2022, marking a rise of 376.5%[19] Employee and Costs - The company employed a total of 88 employees as of March 31, 2023, an increase from 76 employees in 2022[35] - Total employee costs, including director remuneration, were approximately SGD 735,000 for the three months ended March 31, 2023, compared to SGD 710,000 in 2022[35] Government Grants - The company received government grants totaling SGD 16,883 in Q1 2023, down from SGD 26,370 in Q1 2022[17] Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated results for the three months ended March 31, 2023, ensuring compliance with applicable accounting standards and GEM listing rules[46] - The company has adopted a code of conduct for securities trading by directors, confirming compliance with the regulations during the reporting period[45] - The board is committed to adhering to the corporate governance code and has implemented measures to enhance internal control systems[43] - The board believes that the company has complied with the corporate governance code as of March 31, 2023[44] Shareholding Information - As of March 31, 2023, the total shares held by executive director Chen Tianji is 39,337,600, representing approximately 16.61% of the issued share capital[36] - Absolute Truth Investments Limited, a major shareholder, holds 39,337,600 shares, equivalent to 16.61% of the issued share capital[38] - The company has no knowledge of any other individuals holding interests in the company's shares or related securities as of March 31, 2023[40] Other Information - The company did not recommend any interim dividend for the three months ended March 31, 2023, consistent with the previous year[24] - There were no significant events occurring after March 31, 2023[47] - No purchases, sales, or redemptions of the company's listed securities occurred during the three months ended March 31, 2023[42] - The company has not disclosed any interests or positions held by directors in competing businesses during the reporting period[41]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就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的任何損失承擔任何責任。 KPM HOLDING LIMITED 吉 輝 控 股 有 限 公司 * （於開曼群島註冊成立的有限公司） （股份代號：8027） 截至2023年3月31日止三個月的第一季度業績公佈 吉輝控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其 附屬公司截至2023年3月31日止三個月的未經審核業績。本公佈載有本公司2023年 第一季度報告全文，乃符合香港聯合交易所有限公司GEM證券上市規則有關季度 業績初步公佈附載資料的相關規定。 承董事會命 吉輝控股有限公司 主席 陳添吉 香港，2023年5月15日 於本公佈日期，執行董事為陳添吉先生及孔維姍女士，而獨立非執行董事為劉木 根先生、肖來文先生及陸翹彥先生。 本公佈的資料乃遵照《香港聯合交易所有限公司的GEM證券上市規則》而刊載， ...

Financial Performance - The company recorded revenue of approximately SGD 30,379,000 for the year ended December 31, 2022, representing a 63.8% increase from SGD 18,542,000 in 2021[11]. - The gross profit for the year was approximately SGD 3,362,000, with a gross margin of about 11.1%, down from 12.5% in 2021[15]. - The company incurred a loss of approximately SGD 1,622,000 for the year, compared to a profit of SGD 246,000 in 2021[17]. - Selling and administrative expenses increased by approximately 70.7% to SGD 4,178,000, primarily due to higher employee costs, advertising expenses, and legal and professional fees[16]. - The company reported other income of approximately SGD 118,000 related to COVID-19 subsidies and interest income of about SGD 147,000 from loans receivable[15]. - Revenue from sales of signage and advertising in Singapore for the year ended December 31, 2022, was approximately SGD 7,539,000, a decrease of about SGD 400,000 compared to SGD 7,939,000 in 2021[20]. - Revenue from renovation services in commercial and residential development for the year ended December 31, 2022, was approximately SGD 22,840,000, significantly up from SGD 10,603,000 in 2021[20]. - Total employee costs, including director remuneration, for the year ended December 31, 2022, were approximately SGD 3,834,000, an increase from SGD 2,838,000 in 2021[26]. - As of December 31, 2022, the company's distributable reserves amounted to SGD 15,488,350, an increase from SGD 14,002,553 in 2021, reflecting a growth of approximately 10.6%[103]. - The company does not recommend the payment of a final dividend for the year ended December 31, 2022[88]. Borrowings and Financial Position - As of December 31, 2022, the total interest-bearing borrowings amounted to SGD 3,210,000, up from SGD 2,659,000 in 2021[19]. - The asset-liability ratio as of December 31, 2022, was approximately 17.3%, compared to 15.5% in 2021[19]. - As of December 31, 2022, the company's borrowings included property loans of approximately SGD 2,258,000, down from SGD 2,608,000 in 2021, and lease liabilities of about SGD 952,000, up from SGD 50,000 in 2021[99]. - As of December 31, 2022, the group's borrowings were secured against the ownership of leased land, buildings, and vehicles, with a total carrying value of approximately SGD 3,415,000, down from SGD 3,733,000 in 2021[24]. Employee and Workforce - The group employed a total of 97 employees as of December 31, 2022, compared to 70 employees in 2021[26]. - The gender composition of employees, including senior management, is approximately 72% male and 28% female as of December 31, 2022[61]. - The company conducts regular performance evaluations to determine employee suitability for promotions and salary increases[170]. - A total of 32 employees received 606 hours of training during the reporting period, emphasizing the importance of employee development[183]. - The average training hours per employee slightly decreased to 6.2 hours in 2022 from 6.4 hours in 2021[198]. - Employee turnover rate improved to 12% in 2022 from 24% in 2021[197]. Governance and Compliance - The board of directors consists of five members, including two executive directors and three independent non-executive directors, ensuring a balance of oversight and management[41]. - The board held a total of 7 meetings and 1 annual general meeting during the year ending December 31, 2022, with attendance rates of 71.4% for executive directors and 100% for independent non-executive directors[43]. - The audit committee, composed of three independent non-executive directors, held 5 meetings during the year and reviewed the group's financial performance, internal controls, and risk management[52]. - The company has adopted a code of conduct for securities trading by directors, confirming compliance with the relevant trading standards for the year ended December 31, 2022[40]. - The company has received annual confirmations of independence from all independent non-executive directors, ensuring compliance with GEM listing rules[46]. - The company has established a policy to ensure at least 50% of board members hold a bachelor's degree or higher[60]. - The company has adopted a nomination policy outlining the selection criteria for appointing and reappointing directors[62]. Risk Management and Internal Controls - The group has established a risk management and internal control system that provides reasonable assurance but not absolute assurance against foreseeable adverse events[72]. - The board believes that the risk management and internal control system is sufficient and effective as of December 31, 2022[71]. - The board of directors is responsible for ensuring effective risk management practices are in place to minimize operational risks[93]. - The company has adopted risk management policies to address identified risks and uncertainties that may impact its financial condition and operations[93]. - The company has engaged independent consultants to perform internal audit functions and assess the risk management system[71]. Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report covers the group's sustainable development performance, achievements, and challenges for the year ending December 31, 2022[142]. - The board is responsible for overseeing the group's ESG matters and implementing comprehensive ESG policies[146]. - Key ESG issues identified include energy consumption, employee welfare, occupational health and safety, and supply chain management[149]. - The total greenhouse gas emissions for the reporting period amounted to 214.6 tons of CO2 equivalent, with a density of 7.1 tons of CO2 equivalent per million Singapore dollars in revenue[153]. - The company aims to reduce greenhouse gas emissions by 1% by 2023 compared to 2022 levels[153]. - Total energy consumption for the reporting period was 761.6 MWh equivalent, with a density of 25.1 MWh equivalent per million Singapore dollars in revenue[158]. - The company plans to reduce energy consumption by 1% by 2023 compared to 2022 levels[158]. - Total water consumption for the reporting period was 1,760.9 cubic meters, with a density of approximately 58.0 cubic meters per million Singapore dollars in revenue[162]. - The company aims to reduce water consumption by 1% by 2023 compared to 2022 levels[162]. - The company has achieved ISO 45001:2018 certification, indicating a commitment to occupational health and safety[177]. Legal and Compliance Issues - The company had no significant contingent liabilities, legal proceedings, or potential lawsuits as of December 31, 2022, indicating a stable legal environment[92]. - The company adheres strictly to local labor laws, ensuring no child or forced labor is present in its operations[184]. - The company was fined a total of SGD 5,000 for violating Singapore's Workplace Safety and Health Act due to incidents causing employee injuries[45]. - There were no reported cases of corruption or related legal issues during the reporting period[195]. Shareholder and Stakeholder Engagement - The company has established multiple channels for communication with shareholders to enhance transparency[79]. - The group prioritizes stakeholder engagement through open and honest communication, including regular interactions with investors and shareholders[147]. - The company has a public float of at least 25% of its issued share capital as of the last practicable date before the publication of the annual report[130]. Business Operations - The main business involves investment holding and providing subcontracting services for commercial property and residential development renovation projects[86]. - The group primarily engages in the design, production, installation, and maintenance of signage and related products, as well as renovation and refurbishment services for commercial and residential properties[139]. - The corporate goal is to achieve sustainable growth in business and financial performance by expanding renovation and refurbishment services in both public and private sectors in Singapore[140].

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，並明確表示概不會就本公告之全部或任 何部分內容，或因倚賴本公告之該等內容而引致之任何損失承擔任何責任。 KPM HOLDING LIMITED 吉 輝 控 股 有 限 公司 * （於開曼群島註冊成立的有限公司） （股份代號：8027） 截至二零二二年十二月三十一日止年度之 全年業績公佈 吉輝控股有限公司（「本公司」，連同其附屬公司稱為「本集團」）董事（「董事」）會 （「董事會」）欣然公佈本集團截至二零二二年十二月三十一日止年度之全年業績。 本公告載有本公司二零二二年全年報告全文，乃符合香港聯合交易所有限公司 GEM證券上市規則（「GEM上市規則」）中有關全年業績初步公佈附載資料之相關 要求。 承董事會命 吉輝控股有限公司 主席 陳添吉 香港，2023年3月31日 於本公佈日期，執行董事為陳添吉先生及孔維姍女士，而獨立非執行董事為劉木 根先生、肖來文先生及陸翹彥先生。 ...

Financial Performance - For the three months ended September 30, 2022, the company reported revenue of SGD 14,258,060, a significant increase of 176% compared to SGD 5,154,573 for the same period in 2021[4] - Gross profit for the three months ended September 30, 2022, was SGD 2,043,223, representing a gross margin of approximately 14.3%, compared to SGD 358,076 in the same period of 2021[4] - The company achieved a net profit of SGD 1,871,145 for the three months ended September 30, 2022, compared to SGD 111,851 for the same period in 2021, marking a substantial increase of 1,573%[4] - Total revenue for the nine months ended September 30, 2022, reached SGD 26,111,676, a 94% increase from SGD 13,461,082 in the same period of 2021[4] - For the nine months ended September 30, 2022, the company reported revenue of approximately SGD 26,112,000, a 94% increase from SGD 13,461,000 in 2021[29] - The profit for the same period was approximately SGD 2,380,000, compared to SGD 603,000 in 2021, reflecting significant growth[29] - Gross profit for the nine months was approximately SGD 3,990,000, with a gross margin of about 15.3%, up from 14.3% in 2021[29] - The company recorded a profit before tax of approximately SGD 2,360,000 for the nine months ended September 30, 2022, compared to SGD 697,000 in the same period of 2021[30] Revenue Breakdown - Revenue from the signage business for the three months ended September 30, 2022, was SGD 2,104,063, up from SGD 1,830,022 in 2021, while renovation and refurbishment services generated SGD 12,153,997, up from SGD 3,324,551[11] - Revenue from the sale of signage and advertising in the public and private sectors was approximately SGD 5,328,000 for the nine months ended September 30, 2022, a decrease of SGD 668,000 from SGD 5,996,000 in 2021[31] - Revenue from renovation and refurbishment services for commercial and residential properties increased by approximately SGD 13,318,000, totaling SGD 20,783,000 for the nine months ended September 30, 2022, compared to SGD 7,465,000 in 2021[31] Earnings and Share Performance - The basic and diluted earnings per share for the three months ended September 30, 2022, were SGD 0.790, compared to SGD 0.050 for the same period in 2021[4] - Basic and diluted earnings per share for the nine months were SGD 1.026, up from SGD 0.345 in 2021[22] Expenses and Costs - The company reported other income of SGD 102,832 for the three months ended September 30, 2022, down from SGD 136,887 in the same period of 2021[16] - The company’s financing costs for the three months ended September 30, 2022, were SGD 13,996, compared to SGD 7,163 in the same period of 2021, indicating an increase in financing expenses[4] - Financing costs for the nine months totaled SGD 33,815, an increase from SGD 22,442 in 2021[18] - For the nine months ended September 30, 2022, the company's sales and administrative expenses were approximately SGD 2,450,000, an increase of SGD 569,000 or 30.2% compared to SGD 1,881,000 in 2021[30] - Total employee costs, including directors' remuneration, were approximately SGD 2,912,000 for the nine months ended September 30, 2022, compared to SGD 2,079,000 in 2021[33] Tax and Other Income - The company reported a tax expense of SGD 16,400 for the three months ended September 30, 2022, compared to a tax credit of SGD 15,700 in 2021[21] - Other income for the nine months included government subsidies related to COVID-19 of approximately SGD 94,000[29] - The company recorded foreign exchange gains of approximately SGD 581,000 due to the appreciation of receivables and cash denominated in HKD against SGD[29] - Interest income from receivables amounted to approximately SGD 158,000 for the nine months[29] Corporate Governance and Compliance - The board of directors has confirmed compliance with the corporate governance code throughout the nine months ending September 30, 2022[45] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the nine months ending September 30, 2022, ensuring compliance with applicable accounting standards and GEM listing rules[47] Share Options and Ownership - The company has issued a total of 12,800,000 share options under its share option plan, with an exercise price of HKD 0.45, which were fully exercised[40] - As of September 30, 2022, a total of 22,400,000 stock options remain unexercised, an increase from 12,800,000 at the beginning of the year[42] - The company’s major shareholder, Absolute Truth Investments Limited, holds approximately 16.61% of the issued share capital[38] Workforce and Strategic Focus - As of September 30, 2022, the company employed a total of 81 staff, an increase from 68 in 2021[33] - The company plans to focus more resources on renovation and refurbishment services to meet capital needs for business expansion[32] - The company will continue to manage its expenses and review business strategies to adapt to the current market environment[32] Dividends - No interim dividend was recommended for the nine months ended September 30, 2022[24]

Financial Performance - Revenue for the six months ended June 30, 2022, was SGD 11,853,616, representing a 42.5% increase from SGD 8,306,509 in the same period of 2021[4] - Gross profit for the six months ended June 30, 2022, was SGD 1,946,378, up 24.3% from SGD 1,565,641 in the previous year[4] - The net loss for the six months ended June 30, 2022, was SGD 321,226, compared to a profit of SGD 16,481 in the same period of 2021[4] - Total comprehensive income for the six months ended June 30, 2022, was SGD 497,435, compared to SGD 467,651 in the same period of 2021[4] - The company reported a net profit before tax of SGD 472,227 for the six months ended June 30, 2022, down from SGD 601,271 in 2021[25] - For the six months ended June 30, 2022, the company recorded a profit of SGD 508,927, up from SGD 490,971 in the same period of 2021, indicating a year-on-year increase[43] - The company reported a pre-tax loss of SGD (538,965) for the three months ended June 30, 2022, compared to a profit of SGD 29,381 in the same period of 2021[41] Revenue Breakdown - The signage business reported a revenue of SGD 3,224,411 for the six months ended June 30, 2022, down 22.6% from SGD 4,165,859 in 2021[25] - The renovation and refurbishment services segment saw a significant increase in revenue to SGD 8,629,205, up 108.8% from SGD 4,140,650 in the previous year[25] - Revenue from the signage and related products in the public and private sectors decreased to approximately SGD 3,224,000, down SGD 942,000 from 2021[70] Assets and Liabilities - Current assets as of June 30, 2022, totaled SGD 16,389,161, an increase from SGD 13,074,231 as of December 31, 2021[6] - Total liabilities as of June 30, 2022, were SGD 2,097,956, down from SGD 2,286,255 as of December 31, 2021[9] - The company's equity as of June 30, 2022, was SGD 15,190,294, an increase from SGD 12,869,685 as of December 31, 2021[9] - The company's total trade receivables as of June 30, 2022, amounted to SGD 1,672,307, an increase from SGD 1,519,460 as of December 31, 2021[48] - Trade payables increased significantly to SGD 1,980,904 as of June 30, 2022, from SGD 905,156 as of December 31, 2021[54] Cash Flow - The company’s cash and cash equivalents as of June 30, 2022, were SGD 3,119,544, down from SGD 3,616,810 as of December 31, 2021[6] - Net cash used in operating activities for the six months ended June 30, 2022, was SGD (1,361,655), an improvement from SGD (2,716,679) in 2021, indicating a reduction in cash outflow[14] - The total cash and cash equivalents decreased by SGD 573,020 to SGD 3,119,544 as of June 30, 2022, compared to SGD 2,698,344 in 2021[14] - The company experienced a net cash inflow from financing activities of SGD 811,335, a decrease from SGD 2,150,024 in the previous year, suggesting reduced reliance on external financing[14] Expenses - Sales and administrative expenses increased by 32.9% to approximately SGD 1,880,000, primarily due to share-based payment expenses[63] - Total employee costs for the six months ended June 30, 2022, were approximately SGD 2,228,000, an increase from SGD 1,438,000 in the same period of 2021[79] - Financing costs for the six months ended June 30, 2022, increased to SGD 19,819 from SGD 15,279 in 2021, indicating higher interest expenses[36] Shareholder Information - The company did not declare an interim dividend for the six months ended June 30, 2022, consistent with the previous year[47] - The total number of issued and paid-up shares increased to 236,800,000 as of June 30, 2022, following the exercise of 12,800,000 share options[55] - The average number of issued ordinary shares weighted for the six months ended June 30, 2022, was 229,657,459, compared to 149,626,374 in the same period of 2021[43] - Absolute Truth Investments Limited holds 39,337,600 shares, representing 16.61% of the total issued share capital[89] - The company issued a total of 12,800,000 shares after the exercise of stock options, raising a total consideration of HKD 5,760,000[93] Governance and Compliance - The board of directors confirmed compliance with the corporate governance code during the six months ending June 30, 2022[98] - The audit committee reviewed the unaudited consolidated results for the six months ending June 30, 2022, ensuring compliance with applicable accounting standards and regulations[102] - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[102] - No significant conflicts of interest were reported among the directors and major shareholders during the six months ending June 30, 2022[92] Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[4] - The group plans to focus more resources on renovation and refurbishment services to meet capital needs for business expansion[72]

Financial Performance - Revenue for the three months ended March 31, 2022, was SGD 5,990,536, representing a 21.8% increase from SGD 4,918,573 in the same period of 2021[4] - Gross profit for the same period was SGD 1,525,621, up 45.9% from SGD 1,044,714 year-over-year[4] - The company reported a net profit of SGD 830,153 for Q1 2022, compared to SGD 474,490 in Q1 2021, marking a 74.9% increase[4] - The cost of sales increased to SGD 4,464,915, up 15.2% from SGD 3,873,859 in the previous year[4] - Revenue from renovation services significantly increased to SGD 4,303,271, up 65.3% from SGD 2,602,755 in the same period of 2021[12] - Revenue from the signage business was SGD 1,687,265, down 27.1% from SGD 2,315,818 in the previous year[12] - Profit attributable to owners of the company for the same period was SGD 830,153, compared to SGD 474,490 in 2021, indicating a significant increase[19] - The gross profit for the three months ended March 31, 2022, was approximately SGD 1,526,000, with a gross margin of about 25.5%, up from 21.2% in 2021[27] Expenses and Costs - The financing costs for the quarter were SGD 9,261, an increase from SGD 7,701 in the same quarter of 2021[16] - The income tax expense for Q1 2022 was SGD 181,039, compared to SGD 97,400 in Q1 2021, reflecting an increase of 85.7%[17] - Total sales and administrative expenses decreased by 29.0% to approximately SGD 546,000 from SGD 769,000 in 2021[28] - The company recorded a tax expense of SGD 181,039 for the period, compared to SGD 97,400 in the previous year[5] Shareholder Information - As of March 31, 2022, the company has a total of 39,337,600 shares held by Absolute Truth Investments Limited, representing approximately 17.56% of the issued share capital[34] - The company’s executive director, Chen Tianji, holds 39,337,600 shares through Absolute Truth Investments Limited, which he co-owns with Chen Guanghui[34] - The company did not recommend any interim dividend for the three months ended March 31, 2022, consistent with the previous year[21] Employee and Governance - The company employed a total of 76 employees as of March 31, 2022, compared to 71 in 2021, with total employee costs around SGD 710,000[31] - The board of directors confirmed compliance with the corporate governance code as of March 31, 2022[42] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated results for the three months ended March 31, 2022, ensuring compliance with applicable accounting standards and GEM listing rules[44] - The board is committed to enhancing internal control systems and corporate governance practices to create shareholder value[41] Stock Options - The company has granted a total of 12,800,000 share options under its share option scheme, with an exercise price of HKD 0.45 per share, valid until April 8, 2022[39] - No share options were granted, exercised, lapsed, or cancelled during the three months ended March 31, 2022, and all 12,800,000 share options remain unexercised as of that date[39] - The company has adopted a share option scheme since September 21, 2018, to incentivize directors and employees[39] - The company granted a total of 22,400,000 stock options to employees under the stock option plan, with an exercise price of HKD 0.50 per share[45] - Following the exercise of 12,800,000 stock options on April 12, 2022, the company issued a total of 12,800,000 shares, with a total par value of HKD 400,000 and total proceeds of HKD 5,760,000[45] - The stock options are valid from April 7, 2022, to April 6, 2024, for a period of two years[45] Market Outlook - The outlook for the construction sector in Singapore remains challenging due to ongoing COVID-19 impacts, with the company planning to allocate more resources to renovation services[30]

Financial Performance - The company recorded revenue of approximately SGD 18,542,000 for the year ended December 31, 2021, representing a 190.5% increase from SGD 6,383,000 in 2020[12]. - Gross profit for the year was approximately SGD 2,317,000, with a gross margin of about 12.5%, compared to SGD 672,000 and 10.5% in 2020[16]. - The company achieved a profit of approximately SGD 246,000 for the year, a significant turnaround from a loss of SGD 3,427,000 in 2020[18]. - The company reported a pre-tax profit of approximately SGD 334,000 for the year, compared to a pre-tax loss of SGD 3,541,000 in 2020[17]. - Total revenue for the year ended December 31, 2021, was SGD 18,541,810, a significant increase from SGD 6,383,204 in 2020, representing a growth of approximately 190%[166]. - Gross profit for 2021 was SGD 2,316,884, compared to SGD 672,370 in 2020, indicating a gross margin improvement[166]. - The net profit for the year was SGD 245,758, a turnaround from a net loss of SGD 3,427,279 in the previous year[166]. - Basic and diluted earnings per share for 2021 were SGD 0.131, compared to a loss per share of SGD 2.678 in 2020[166]. Revenue Sources - Revenue from sales of signage, billboards, variable message signs, bus stops, and aluminum fences in Singapore increased to approximately SGD 7,939,000 in 2021 from SGD 6,383,000 in 2020, representing an increase of about SGD 1,556,000[21]. - Revenue from the renovation and refurbishment services for commercial and residential properties amounted to approximately SGD 10,603,000 for the year ended December 31, 2021[21]. - The group reported revenue from service contracts of approximately SGD 10,603,011 for the year ended December 31, 2021[152]. Expenses and Cost Management - Selling and administrative expenses decreased by approximately 40.6% to SGD 2,447,000, down from SGD 4,122,000 in 2020[17]. - Total employee costs, including director remuneration, were approximately SGD 2,838,000 in 2021, down from SGD 3,344,000 in 2020[30]. - Other income for 2021 was SGD 539,501, down from SGD 760,301 in 2020, showing a decline of about 29%[166]. - The company reported a financing cost of SGD 29,215, significantly lower than SGD 56,521 in 2020, indicating improved financial management[166]. - The expected credit loss provision for the year was SGD 211,739, up from SGD 63,497 in 2020, suggesting increased caution in credit risk management[166]. - The company has maintained a focus on improving operational efficiency and reducing costs, as evidenced by the significant reduction in sales and administrative expenses[166]. Cash Flow and Financial Position - The company’s cash and cash equivalents increased by approximately SGD 357,000, totaling about SGD 3,617,000 as of December 31, 2021[20]. - Cash and cash equivalents at year-end were SGD 3,616,810, up from SGD 3,260,267 in 2020, indicating a 10.9% increase[177]. - Operating cash flow before changes in working capital was SGD 713,693 in 2021, a significant recovery from a negative SGD 2,471,512 in 2020[175]. - Total assets increased to SGD 17,094,678 in 2021 from SGD 15,695,621 in 2020, representing an increase of 8.9%[168]. - Current assets rose to SGD 13,074,231 in 2021, up from SGD 11,104,318 in 2020, marking a growth of 17.8%[168]. - Net current assets improved to SGD 11,135,493 in 2021, compared to SGD 8,332,248 in 2020, reflecting a 33.6% increase[168]. - Total equity increased to SGD 12,869,685 in 2021 from SGD 10,263,621 in 2020, a rise of 25.5%[169]. Borrowings and Financial Obligations - The total borrowings amounted to SGD 2,659,000, with a debt-to-asset ratio of approximately 15.5%[20]. - As of December 31, 2021, the company's borrowings included property loans of approximately SGD 2,608,000, down from SGD 2,967,000 in 2020[93]. - Non-current liabilities decreased to SGD 2,286,255 in 2021 from SGD 2,659,930 in 2020, a reduction of 14.0%[168]. Corporate Governance - The board of directors held 7 meetings and 2 shareholder meetings during the year ended December 31, 2021, with attendance rates of 71.4% for executive directors and 100% for independent non-executive directors[46]. - The audit committee conducted 4 meetings in the year ended December 31, 2021, with full attendance from all members[53]. - The company has appointed three independent non-executive directors, constituting over one-third of the board, ensuring compliance with GEM Listing Rules[50]. - The company’s chairman and CEO roles are separated, with Mr. Chen Tianji serving as chairman responsible for overall management and strategic planning[48]. - The board is committed to corporate governance and compliance with applicable laws and regulations, ensuring the interests of the company and its shareholders are prioritized[45]. - The company has established a remuneration committee consisting of three independent non-executive directors to oversee compensation matters[55]. - The company has adopted a diversity policy for board members, considering factors such as gender, age, and professional experience[58]. Risk Management - The board is responsible for ensuring effective risk management practices to mitigate identified risks and uncertainties affecting the company's financial condition and operations[88]. - The company actively manages customer credit limits and monitors cash flow to ensure sufficient working capital and meet repayment obligations[89]. - The risk management and internal control systems were deemed sufficient and effective as of December 31, 2021, according to the Audit Committee and Board of Directors[69]. Shareholder Information - The company completed a placement of up to 96,000,000 shares at a price of HKD 0.15 per share, raising approximately HKD 14.0 million net after expenses[28]. - The company has granted a total of 12,800,000 share options under the share option scheme, with an exercise price of HKD 0.45 per share, valid from April 9, 2020, to April 8, 2022[129]. - The total number of unexercised share options as of December 31, 2021, is 12,800,000, which accounts for approximately 5.7% of the company's issued share capital[130]. - Absolute Truth Investments Limited holds 39,337,600 shares, equivalent to 17.56% of the company's issued share capital, with Chen Tianji and Chen Guanghui each owning 50% of the company[121]. Compliance and Regulatory Matters - The company has not identified any significant violations of applicable laws and regulations that would materially affect its business operations for the year ended December 31, 2021[105]. - The company is committed to environmental, social, and governance (ESG) practices and will publish an ESG report within five months after the fiscal year ended December 31, 2021[104]. - The company has not experienced any significant impact from COVID-19 related rent concessions on its financial statements[183]. Future Outlook - The company plans to diversify its business portfolio and expand its renovation and refurbishment services in response to ongoing challenges in the construction sector due to COVID-19[13]. - The company will continue to manage its expenses and seek new business opportunities to adapt to the current market environment[13]. - The company expects to continue operating as a going concern, having sufficient resources for the foreseeable future[187].

Financial Performance - The company's revenue for the three months ended September 30, 2021, was SGD 5,154,573, a significant increase from SGD 593,085 in the same period of 2020, representing a growth of 769%[4] - For the nine months ended September 30, 2021, the revenue reached SGD 13,461,082, compared to SGD 3,218,120 in the previous year, marking an increase of 318%[4] - The gross profit for the three months ended September 30, 2021, was SGD 358,076, recovering from a loss of SGD 345,334 in the same period of 2020[4] - The net profit for the three months ended September 30, 2021, was SGD 111,851, compared to a loss of SGD 1,537,927 in the same period of 2020[4] - The company reported a basic and diluted earnings per share of SGD 0.050 for the three months ended September 30, 2021, compared to a loss per share of SGD 1.202 in the same period of 2020[4] - Profit for the nine months ended September 30, 2021, was approximately SGD 603,000, a significant turnaround from a loss of SGD 2,902,000 in the same period of 2020[29] - Gross profit for the same period was approximately SGD 1,924,000, with a gross margin of about 14.3%, compared to SGD 61,000 and 1.9% in 2020[28] Revenue Breakdown - The revenue from the signage business for the three months ended September 30, 2021, was SGD 1,830,022, up from SGD 593,085 in the same period of 2020[12] - The revenue from renovation and refurbishment services for the three months ended September 30, 2021, was SGD 3,324,551, with no revenue reported in the same period of 2020[12] - Revenue from the signage and related products segment in the public and private sectors in Singapore increased to approximately SGD 5,996,000, up from SGD 3,218,000 in 2020, driven by increased construction demand during the COVID-19 pandemic[30] Government Grants and Subsidies - The company received government grants totaling SGD 238,801 for the nine months ended September 30, 2021, down from SGD 311,516 in the same period of 2020[15] - The company received government subsidies related to COVID-19 amounting to approximately SGD 239,000 during the reporting period[28] Expenses and Costs - The company’s financing costs decreased to SGD 7,163 for the three months ended September 30, 2021, from SGD 10,943 in the same period of 2020[4] - The company’s sales and administrative expenses decreased by approximately SGD 1,420,000 or 43.0% to SGD 1,881,000, primarily due to reduced employee costs and advertising expenses[29] - Total employee costs for the nine months ended September 30, 2021, were approximately SGD 2,079,000, down from SGD 2,567,000 in 2020[32] Corporate Governance - The board is committed to adhering to the corporate governance code as per GEM Listing Rules Appendix 15, implementing measures to enhance internal control systems and professional development[42] - The board confirmed compliance with the corporate governance code for the nine months ending September 30, 2021[43] - A securities trading code for directors has been adopted, ensuring compliance with the trading standards outlined in GEM Listing Rules[44] - The audit committee, established on June 23, 2015, consists of three independent non-executive directors and is responsible for providing independent opinions on financial reporting and internal control effectiveness[45] - The audit committee reviewed the unaudited condensed consolidated results for the nine months ending September 30, 2021, confirming compliance with applicable accounting standards and sufficient disclosure[45] Business Strategy and Future Outlook - The company aims to diversify its business portfolio and expand revenue sources by focusing on renovation and refurbishment services in response to ongoing challenges in the construction industry[31] - The company continues to review its business strategies and seek other business opportunities to adapt to the current market environment[31] Share Options and Securities - The company adopted a share option plan on September 21, 2018, granting a total of 12,800,000 share options at an exercise price of HKD 0.45, valid from April 9, 2020, to April 8, 2022[40] - As of September 30, 2021, none of the share options had been granted, exercised, lapsed, or cancelled, with all 12,800,000 options remaining unexercised[40] - The company did not purchase, sell, or redeem any of its listed securities during the review period[41] Other Financial Information - The total comprehensive income for the three months ended September 30, 2021, was SGD 100,698, compared to a loss of SGD 1,508,929 in the same period of 2020[4] - The income tax expense for the three months ended September 30, 2021, was SGD (15,700), a significant improvement from SGD (225,400) in the same period of 2020[18] - Basic and diluted earnings per share for the nine months ended September 30, 2021, were SGD 0.345, compared to a loss of SGD (2.267) in the same period of 2020[20] - The company did not declare an interim dividend for the nine months ended September 30, 2021, consistent with the previous year[22] - The company’s total other income and losses for the nine months ended September 30, 2021, amounted to SGD 214,179, compared to a loss of SGD (399,047) in the same period of 2020[16] - The company’s weighted average number of ordinary shares increased to 174,769,231 for the nine months ended September 30, 2021, from 128,000,000 in the same period of 2020 due to a share placement[20] - The company’s foreign exchange gains for the nine months ended September 30, 2021, were SGD 260,994, compared to SGD 266,788 in the same period of 2020, indicating stability in foreign exchange operations[16] - The company’s total liabilities decreased, with contingent liabilities related to performance guarantees provided for customers amounting to SGD 0 as of September 30, 2021, down from SGD 21,200 as of December 31, 2020[26]

Financial Performance - Revenue for the six months ended June 30, 2021, was SGD 8,306,509, a significant increase of 216% compared to SGD 2,625,036 for the same period in 2020[4] - Gross profit for the six months ended June 30, 2021, was SGD 1,565,641, compared to SGD 406,582 in the same period of 2020, reflecting a gross margin improvement[4] - The company reported a profit before tax of SGD 601,271 for the six months ended June 30, 2021, compared to a loss of SGD 1,432,593 in the same period of 2020[4] - Total comprehensive income for the six months ended June 30, 2021, was SGD 467,651, a recovery from a loss of SGD 1,427,277 in the same period of 2020[4] - The company reported a basic and diluted earnings per share of SGD 0.328 for the six months ended June 30, 2021, compared to a loss per share of SGD 1.066 in the same period of 2020[4] - For the three months ended June 30, 2021, the company reported a profit attributable to owners of SGD 16,481 compared to a loss of SGD 1,340,911 in the same period of 2020[41] - For the six months ended June 30, 2021, the profit attributable to owners was SGD 490,971, a significant improvement from a loss of SGD 1,364,293 in the same period of 2020[41] Assets and Liabilities - Current assets increased to SGD 13,251,110 as of June 30, 2021, compared to SGD 11,104,318 as of December 31, 2020, indicating improved liquidity[6] - The company's total equity as of June 30, 2021, was SGD 13,118,120, up from SGD 10,263,621 as of December 31, 2020, reflecting a strong capital position[9] - The company’s cash and cash equivalents decreased to SGD 2,698,344 as of June 30, 2021, from SGD 3,260,267 as of December 31, 2020[6] - The company’s inventory decreased to SGD 237,620 as of June 30, 2021, from SGD 274,746 as of December 31, 2020, indicating better inventory management[6] - Trade receivables as of June 30, 2021, amounted to SGD 1,516,758, down from SGD 2,012,480 as of December 31, 2020[47] - The company reported total trade and other receivables of SGD 7,859,155 as of June 30, 2021, compared to SGD 7,355,589 as of December 31, 2020[47] - As of June 30, 2021, the company had trade payables of SGD 747,904, a decrease from SGD 1,396,492 as of December 31, 2020[52] - As of June 30, 2021, total borrowings amounted to SGD 2,853,000, down from SGD 3,074,000 as of December 31, 2020[65] - The company’s asset-to-liability ratio was approximately 16.3% as of June 30, 2021, compared to 19.5% at the end of 2020[65] Cash Flow - The net cash used in operating activities for the six months ended June 30, 2021, was SGD (2,716,679), compared to SGD (308,708) in 2020, indicating a significant increase in cash outflow[14] - Cash and cash equivalents decreased by SGD 616,355 during the six months ended June 30, 2021, compared to a decrease of SGD 2,111,475 in 2020[14] - The company’s cash and cash equivalents decreased by approximately SGD 562,000, primarily due to net cash used in operating activities of SGD 2,717,000[65] Revenue Segments - The signage business generated revenue of SGD 4,165,859 for the six months ended June 30, 2021, compared to SGD 2,625,036 in 2020, reflecting a growth of approximately 59%[25] - The renovation and refurbishment services segment reported revenue of SGD 4,140,650 for the six months ended June 30, 2021, with no revenue reported in the same period of 2020[25] - Revenue from the public sector for signage and related products was approximately SGD 3,963,000, a significant increase from SGD 203,000 in 2020[67] - Revenue from renovation and refurbishment services for the six months ended June 30, 2021, was approximately SGD 4,141,000[70] Corporate Actions and Governance - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2021, consistent with the previous year[46] - The company completed a placement of 96,000,000 new ordinary shares at SGD 0.15 per share on May 21, 2021[41] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the six months ended June 30, 2021[99] - The company has not issued, exercised, or canceled any share options under its share option scheme during the six months ended June 30, 2021[97] - The board is committed to adhering to the corporate governance code as per GEM Listing Rules Appendix 15, aiming to enhance internal control systems and create shareholder value[100] - The company has fully complied with the corporate governance code for the six months ending June 30, 2021[101] - The audit committee, established on June 23, 2015, consists of three independent non-executive directors and is responsible for providing independent opinions on financial reporting and internal control effectiveness[105] Future Plans - The company plans to continue expanding its market presence and investing in new product development to drive future growth[4] - The company plans to diversify its business portfolio and expand revenue sources in response to ongoing challenges in the construction industry due to COVID-19[71] - The company plans to utilize the net proceeds of HKD 14.0 million primarily for expanding and operating its renovation services business, with an expected timeline for full utilization by December 31, 2021[81] Employment and Costs - As of June 30, 2021, the company employed a total of 68 staff, down from 75 employees as of December 31, 2020[82] - Total employee costs for the six months ended June 30, 2021, were approximately SGD 1.438 million, compared to SGD 2.035 million for the same period in 2020[82]