TIMELESS SOFTWARE LIMITED 天 時 軟 件 有 限 公 司 （於香港註冊成立的有限公司） （股份代號：8028） 業 績 公 告 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 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 聯交所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公 司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買 賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高 流通量的市場。 香港交易及結算所有限公司及聯交所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之任何損失承擔任何責任。 本公告乃根據聯交所GEM證券上市規則（「GEM上市規則」）提供有關天時軟件 有限公司（「本公司」）之資料。本公司各董事（「董事」）願對本公告共同及個別承 擔全部責任。各董事在作出一切合理查詢後確認，就彼等所深知及 ...

Financial Performance - Revenue for the nine months ended December 31, 2022, was HKD 80,916,000, a decrease from HKD 82,578,000 for the same period in 2021, representing a decline of approximately 2%[4] - Other income and gains for the nine months ended December 31, 2022, totaled HKD 3,635,000, down from HKD 3,884,000 in 2021, reflecting a decrease of about 6.4%[4] - The company reported a loss before tax of HKD 5,376,000 for the nine months ended December 31, 2022, compared to a profit of HKD 50,687,000 in the same period of 2021, indicating a significant decline[4] - The net loss for the nine months ended December 31, 2022, was HKD 6,116,000, compared to a profit of HKD 42,578,000 in the previous year, marking a substantial decrease[4] - The company recorded a total comprehensive income of HKD 1,825,000 for the three months ended December 31, 2022, compared to HKD 11,278,000 for the same period in 2021, a decline of approximately 83.8%[4] - Basic and diluted loss per share for the nine months ended December 31, 2022, was HKD (0.16), compared to earnings of HKD 0.45 for the same period in 2021[4] - The company reported a net loss of HKD 1,491,000 for the three months ended December 31, 2022, compared to a profit of HKD 6,568,000 for the same period in 2021[29] - For the nine months ended December 31, 2022, the net loss was HKD 4,611,000, down from a profit of HKD 12,646,000 in the previous year[29] - The group reported a total loss of approximately HKD 6,116,000 for the nine months ended December 31, 2022, compared to a profit of HKD 42,578,000 for the same period in 2021, reflecting a decrease of 114% due to the absence of high-grade copper-nickel product sales[46] Segment Performance - The mining and metals business reported a loss of HKD 3,245,000, while the software and innovation business generated a profit of HKD 104,000, resulting in a total segment loss of HKD 3,141,000[15] - The external sales for the software and innovation business decreased significantly from HKD 363,000 in the previous year to HKD 160,000[17] - The company did not recognize any revenue from the sale of high-grade copper-nickel ore during the nine months ended December 31, 2022, compared to HKD 80,553,000 in the previous year[17] - The mining and metals segment reported a loss of approximately HKD 3,245,000 for the nine months ended December 31, 2022, compared to a profit of HKD 45,398,000 for the same period in 2021, marking a decrease of 107% due to no sales of copper-nickel products[45] - The software and innovation segment generated a revenue of approximately HKD 160,000, down from HKD 363,000 for the same period in 2021, with a segment profit of approximately HKD 104,000 compared to HKD 199,000 in the previous year[40] Operating Expenses - Total operating expenses for the nine months ended December 31, 2022, were HKD 3,615,000, down from HKD 10,369,000 in 2021, reflecting a decrease of approximately 65.1%[4] - Employee benefits expenses for the nine months were HKD 5,186,000, a decrease of 45.8% from HKD 9,843,000 in the same period last year[26] - The company incurred rental and office expenses of HKD 606,000 for the nine months, an increase from HKD 487,000 in the previous year[31] Investments and Future Plans - The company has engaged in various investment projects, including e-sports event services and smart agriculture solutions, indicating a strategy for market expansion and diversification[8] - The group is optimistic about the nickel market outlook, driven by China's economic growth and demand from the automotive and real estate sectors, with plans to expedite mining license renewals and resource verification reports[42] - The group aims to commence mining operations at the Baishiquan copper-nickel mine phase II by the second quarter of 2025, maintaining its focus on this development despite delays caused by the COVID-19 pandemic[42] Shareholding and Corporate Governance - As of December 31, 2022, the total shares held by executive director Chen Yihui amounted to 837,202,400, representing 29.76% of the company's total shares[48] - Starmax Holdings Limited, beneficially owned by Chen Yihui, holds 678,074,400 shares, accounting for 24.11% of the issued share capital[55] - Chen Yihui holds a 49% equity interest in Goffers Management Limited and a 100% interest in Kangshun Hong Kong Limited[50] - The company has not granted any stock options under its stock option plan during the nine months ending December 31, 2022[52] - No stock options were exercised during the nine months ending December 31, 2022[52] - The company has a total of 7,000,000 unexercised stock options as of December 31, 2022[52] - The company has not entered into any new contracts related to infrastructure projects and subcontracting arrangements as of December 31, 2022[39] - The company did not purchase, sell, or redeem any of its listed securities during the review period[58] - The company has no other disclosures regarding interests or short positions in its shares or related securities as of December 31, 2022[55] Audit and Compliance - The Audit Committee is responsible for reviewing and monitoring the financial reporting process, internal controls, and risk management systems of the group[59] - The committee includes three independent non-executive directors, ensuring oversight of the financial statements and compliance with regulations[59] - The committee has reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2022[59]

中期報告 本報告乃根據聯交所GEM證券上市規則（「GEM上市規則」）提供有關天時軟件有 限公司（「本公司」）的資料。本公司各董事（「董事」）願對本報告共同及個別承擔 全部責任。各董事在作出一切合理查詢後確認，就彼等所深知及確信，本報告 所載資料在各重大方面均屬準確完整，並無誤導或欺詐成分，且並無遺漏任何 其他事項，致使本報告所載任何陳述或本報告有所誤導。 本報告將由刊登日期起計最少七天於聯交所網頁www.hkexnews.hk之「最新上市 公司公告」頁面及本公司網站www.timeless.com.hk內刊登。 簡明綜合損益及其他全面收益表 截至二零二二年九月三十日止六個月 截至2022年9月30日止六個月 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。 | | | | （未經審核） | | | | --- | --- | --- | --- | --- | --- | | | | 截至九月三十日止三個月 | | ...

GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他 在聯交所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該 等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板 買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會 有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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之任何損失承擔任何責任。 本報告乃根據聯交所GEM證券上市規則（「GEM上市規則」）提供有關天時 軟件有限公司（「本公司」）的資料。本公司各董事（「董事」）願對本報告共同 及個別承擔全部責任。各董事在作出一切合理查詢後確認，就彼等所深知 及確信，本報告所載資料在各重大方面均屬準確完整，並無誤導或欺詐成 分，且並無遺漏任何其他事項，致使本報告所載任何陳述或本報告有所誤 導。 本報告將由刊登日期起計最少七天於聯交所網頁www.hkexnews.hk之「最新 上市公司公告」頁面及本公司網站www.timel ...

Financial Performance - For the fiscal year ending March 31, 2022, the company recorded a revenue of approximately HKD 79.8 million from the sale of 18,046 tons of high-grade nickel-copper ore, a decrease from HKD 189 million in the previous year, which included sales of 24,730 tons of high-grade nickel-copper ore [12]. - The mining business accounted for 99.5% of total revenue, while other businesses contributed 0.5%, consistent with the previous year [10]. - Other businesses recorded revenue of approximately HKD 400,000, a decrease from HKD 900,000 in the previous year, with segment profit dropping to HKD 200,000 from HKD 1,200,000 [21]. - The company reported a share of profits from associates of approximately HKD 300,000, a significant recovery from a loss of HKD 100,000 in the previous year [24]. - For the fiscal year ending March 31, 2022, the group recorded total revenue of approximately HKD 80.2 million, a decrease of 58% compared to HKD 189.9 million in the previous fiscal year [32]. - The mining business generated revenue of approximately HKD 79.8 million, down 58% from HKD 189 million in the previous year, with segment profit decreasing by 41% to HKD 44.7 million [32]. - The group's adjusted EBITDA (non-HKFRS financial measure) decreased by HKD 56.1 million to HKD 41.8 million from HKD 97.9 million in the previous year [34]. - The total profit for the year was 36.63 million HKD, down from 50.17 million HKD in the previous year [178]. - The income tax expense for the year was 8.44 million HKD, compared to 20.07 million HKD in the previous year [178]. - Basic and diluted earnings per share for the year ended March 31, 2022, were 0.25 HK cents, down from 0.28 HK cents in 2021 [175]. - Adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) decreased by 56.1 million HKD to approximately 41.8 million HKD for the year ended March 31, 2022, primarily due to a decline in revenue from copper-nickel product sales from 189 million HKD to 79.8 million HKD [176]. Exploration and Development - The company completed approximately 3,441 meters of drilling across 13 boreholes, incurring costs of about HKD 1.6 million for exploration activities [11]. - The estimated resources for the second phase of the Baishiquan copper-nickel mine include 2,880,000 tons of controlled resources with an average nickel grade of 0.58% and a copper grade of 0.39% [14]. - The company plans to submit a resource and reserve verification report to government authorities by the end of June 2022, with government approval expected by the end of August 2022 [5]. - The company is focused on the development of the Baishiquan copper-nickel mine, with a resource and reserve verification report expected by the end of June 2022 [20]. - The company anticipates rapid growth in market demand for copper and nickel due to their importance in a low-carbon future [20]. - The company has committed to new contracts totaling HKD 1,000,000 as of March 31, 2022, compared to none in the previous year [19]. - The company is prioritizing biodegradable materials and nano projects as key investment areas for the coming years despite macroeconomic uncertainties [23]. - The company has suspended mining and processing operations since March 2021, maintaining risks at an acceptable level [156]. - Exploration and development of mineral resources involve significant risks, with a low probability of converting exploration assets into production mines [156]. - The company faces inherent risks in mineral development, including potential cost overruns, which are common in mining projects [159]. - Mineral resource and reserve estimates are subject to uncertainties, and actual recoverable levels may differ from estimates [160]. - The company requires specific licenses and permits for exploration and mining, which are subject to government regulations that may change [162]. - Compliance with environmental regulations is mandatory, and failure to obtain necessary approvals may result in fines or penalties [165]. - The mining industry is experiencing intense competition for acquiring commercially viable assets, which may hinder the company's ability to secure mineral rights [166]. Corporate Governance - The company emphasizes the importance of effective corporate governance to enhance shareholder value and protect shareholder interests [57]. - The board of directors consists of five members, including two executive directors and three independent non-executive directors [62]. - The board held a total of 7 meetings during the fiscal year ending March 31, 2022 [65]. - The company adopted the GEM Listing Rules Appendix 15 Corporate Governance Code and complied with all provisions except for one [58]. - The company is actively seeking a suitable candidate to fill the CEO position, which has been vacant since the resignation of the acting CEO [58]. - The company has a commitment to high-quality board practices and effective internal controls [58]. - Independent non-executive directors confirmed their independence in accordance with GEM Listing Rules [72]. - The company has established policies and procedures for compliance with legal and regulatory requirements [60]. - The board is responsible for setting strategic goals and monitoring business management [59]. - The company has a structured approach to training and continuous professional development for directors and senior management [60]. - The company has adopted a code of conduct for directors' securities trading, aligning with GEM Listing Rules, confirming compliance for the year ending March 31, 2022 [73]. - The Audit Committee held 4 meetings during the year and reviewed the financial reporting procedures and internal controls [78]. - The Audit Committee recommended the reappointment of the external auditor, Guo Wei CPA, for the year ending March 31, 2022 [79]. - The Nomination Committee held 1 meeting during the year to review and recommend suitable candidates for board vacancies [80]. - The company adopted a nomination policy on January 29, 2019, to ensure a balanced skill set and diverse perspectives on the board [81]. - The company has a board diversity policy in place since January 29, 2019, aimed at achieving diversity within the board [85]. - The company adopted a board diversity policy in January 2019, focusing on various aspects such as gender, age, cultural and educational background, professional experience, skills, knowledge, and tenure [87]. - The board composition will be disclosed annually in the corporate governance report, emphasizing the importance of diverse perspectives and skills to meet business needs [87]. - The remuneration committee held one meeting during the fiscal year ending March 31, 2022, to review and approve senior management's compensation proposals [91]. - The auditor's fees for the fiscal year ending March 31, 2022, amounted to HKD 620,000 for annual audit services [95]. - The board is responsible for maintaining effective risk management and internal control systems, which were reviewed annually to ensure operational efficiency and compliance with laws [98]. - The company secretary received over 15 hours of professional training to update skills and knowledge regarding compliance with governance codes during the fiscal year [101]. - The audit committee monitors the effectiveness of internal controls and risk management systems, submitting regular reports for review and approval [97]. - The company emphasizes the importance of confidentiality in handling insider information, ensuring compliance with regulatory requirements [100]. - There were no changes to the charter documents during the fiscal year ending March 31, 2022 [102]. Employee and Labor Relations - As of March 31, 2022, the employee composition showed 80% male and 20% female [117]. - The company laid off 97 employees during the reporting period, adhering to labor laws [116]. - The age distribution of employees as of March 31, 2022, was 33% over 50 years, 40% between 40-49 years, and 27% between 30-39 years [117]. - The company emphasizes equal opportunities and does not tolerate discrimination [118]. - The company has complied with all employee obligations, with no labor disputes or lawsuits reported for the fiscal year ending March 31, 2022 [125]. - The company has established strict recruitment controls to avoid child labor and forced labor, ensuring compliance with relevant labor laws [124]. - The company provided employee benefits including 16% pension insurance, 6% medical insurance, 0.5% unemployment insurance, 1.52% work injury insurance, 0.5% maternity insurance, and 5% housing provident fund [120]. - The average training hours for financial staff in mainland China reached 65 hours, with training provided to two employees due to the completion of mining operations [122]. - The company implemented flexible work arrangements, allowing employees to work from home to reduce community traffic and social contact [123]. Environmental Sustainability - The company is committed to environmental sustainability and aims for zero workplace injuries and environmental incidents [171]. - The company reported a significant reduction in health and safety risks associated with mining operations, with only one reported COVID-19 case during the fiscal year ending March 31, 2022 [121]. - Waste emissions from mining operations significantly decreased over the past three years, with specific figures for waste rock, waste gas, and dust reported for fiscal years 2020, 2021, and 2022 [130]. - The company reported a significant reduction in water and electricity consumption due to the completion of mining and processing operations [134]. - The company initiated exploration and evaluation for the second phase of the Baishiquan project, selecting suppliers based on compliance with environmental regulations [134]. - The company is committed to community investment and creating job opportunities in the regions where it operates [145]. Risk Management - The company aims to mitigate risks associated with metal price fluctuations by maintaining close relationships with customers and adjusting production plans accordingly [152]. - The company has not engaged in foreign exchange hedging activities, which may expose it to currency risk due to fluctuations in the RMB [153]. - The company has established a reporting system for employees to report any violations of laws and regulations, ensuring compliance and accountability [141]. - The company's capital expenditure plans are aligned with current and expected market conditions [152]. - The company has a supplier evaluation committee that includes representatives from various departments to ensure fair and thorough supplier selection [141]. - The company emphasizes the importance of product quality by carefully selecting suppliers and requiring inspections of purchased materials [143]. - The company has not received any reports of illegal activities or complaints related to quality or health issues for the year ending March 31, 2022 [144].

截至2021年12月31日止 九個月 季度報告 本報告將由刊登日期起計最少七天於GEM網頁www.hkgem.com之「最新上 市公司公告」頁面及本公司網站www.timeless.com.hk內刊登。 簡明綜合損益及其他全面收益表 截至二零二一年十二月三十一日止九個月 | | | | （未經審核） | | | | --- | --- | --- | --- | --- | --- | | | | 截至十二月三十一日 | | 截至十二月三十一日 | | | | | 止三個月 | | 止九個月 | | | | | 二零二一年 | 二零二零年 | 二零二一年 | 二零二零年 | | | 附註 | 千港元 | 千港元 | 千港元 | 千港元 | | 收入 | 4 | 1,663 | 51,609 | 80,916 | 118,545 | | 其他收入及收益 | 5 | 1,670 | 1,502 | 3,884 | 3,467 | | 生產成本 | | (201) | (31,810) | (18,315) | (63,107) | | 員工成本 | | (2,317) | (2,862) | (9,566) | ...

截至2021年9月30日止 六個月 中期報告 FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 INTERIM REPORT 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 交所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的 潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通 量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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之任何損失承擔任何責任。 本報告乃根據聯交所GEM證券上市規則（「GEM上市規則」）提供有關天時軟件有 限公司（「本公司」）的資料。本公司各董事（「董事」）願對本報告共同及個別承擔 全部責任。各董事在作出一切合理查詢後確認，就彼等所深知及確信，本報告 所載資料在各重大方面均屬準確完整，並無誤 ...

截至2021年6月30日止 三個月 季度報 告 (incorporated in Hong Kong with limited liability) (Stock Code: 8028) FOR THE THREE MONTHS ENDED 30 JUNE 2021 QUARTERLY REPORT 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 交所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的 潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通 量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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之任何損失承擔任何責任。 本報告乃根據聯交所GEM證券上市規則（「GEM上市規則」）提供有關天時軟件有 限公司（「本公司」）的資料。本公司各董事（「董 ...

截至2021年3月31日止年度 年 報 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上市的公 司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳 的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券承受較 大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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之 任何損失承擔任何責任。 本報告乃根據聯交所GEM證券上市規則（「GEM上市規則」）提供有關天時軟件有限公司（「本公 司」）之資料。本公司各董事（「董事」）願對本報告共同及個別承擔全部責任。各董事在作出一切 合理查詢後確認，就彼等所深知及確信，本報告所載資料在各重大方面均屬準確完整，並無誤 導或欺詐成份，且並無遺漏任何其他事項，致使本報告所載任何陳述或本報告有所誤導。 本報告將由刊登日期起計最少七天於GEM網頁 ...

季度報告 截至2020年12月31日止九個月 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 交所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的 潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通 量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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之任何損失承擔任何責任。 本報告的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在 提供有關天時軟件有限公司（「本公司」）的資料。本公司的董事（「董事」）願就本 報告的資料共同及個別地承擔全部責任。各董事在作出一切合理查詢後，確認 就其所知及所信，本報告所載資料在各重要方面均屬準確完備，沒有誤導或欺 詐成份，且並無遺漏任何其他事項，足以令致本報告或其所載任何陳述產生誤 導。 本報告將 ...