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聯合公佈的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本聯合公 佈 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 聯 合 公 佈 僅 供 參 考 ， 並 不 構 成 收 購 、 購 買 或 認 購 本 公 司 任 何 證 券 之 邀 請 或 要 約，亦不構成在任何司法權區索求任何投票或批准，亦不得在與適用法律相抵觸 之情況下在任何司法權區銷售、發行或轉讓本公司證券。本聯合公佈之全部或部 分內容不得在、向或從任何將構成違反其適用法律或法規之司法權區發佈、刊發 或分發。 Pacific Crouch Limited （ 於英屬維爾京群島註冊成立之有限公司） 駿 高 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （ 股 份 代 號 ： 8035 ） 聯合公佈 (1)金益金融集團有限公司代表PACIFIC CROUCH LIMITED 提出強制性無條件現金要約以收購駿高控股有限公司 全部已發行股份（要約 ...

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，並明確表示概不會就本公佈全部或 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。 Janco Holdings Limited 駿 高 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8035） 董事會會議通告 Janco Holdings Limited 駿高控股有限公司 主席 譚梓洋 香港，2025年8月8日 於本公佈日期，執行董事為陳國威先生、黎仲榮先生及羅偉華先生；非執行董事 為譚梓洋先生（ 主席 ）及梁宇希先生；及獨立非執行董事為戚偉珍女士、梅以和先 生及余國輝先生。 本公佈乃遵照聯交所GEM證券上市規則的規定而提供有關本公司的資料，董事願 共 同 及 個 別 就 此 負 全 責 。 董 事 在 作 出 一 切 合 理 查 詢 後 確 認 ， 就 彼 等 所 深 知 及 確 – 1 – 1. 考慮及批准本集團截至2025年6月30日止六個月的未經審核中期業績（「中期業 績」）； 2. 批 ...

资料显示，骏高控股股东上一次转仓发生在4月24日，公司股东将股票由辉立证券转入金益金融集团， 转仓市值995.24万港元，占比25.52%。 智通财经APP获悉，香港联交所最新资料显示，8月4日，骏高控股(08035)股东将股票由德林证券香港转 入香港中央结算有限公司，转仓市值213.91万港元，占比5.4%。 ...

香港联交所最新资料显示，8月4日，骏高控股(08035)股东将股票由德林证券香港转入香港中央结算有 限公司，转仓市值213.91万港元，占比5.4%。 资料显示，骏高控股股东上一次转仓发生在4月24日，公司股东将股票由辉立证券转入金益金融集团， 转仓市值995.24万港元，占比25.52%。 ...

Group 1 - The company received a notification from the offeror, Pacific Crouch Limited, regarding the acquisition of 153 million shares at HKD 0.05 per share on April 22, 2025 [1] - Following discussions between Mr. Zheng and non-executive director Mr. Liang, Mr. Liang expressed willingness to sell his shares, while Mr. Zheng requested to acquire a significant number of shares [1] - Mr. Liang contacted several investors and their brokerage firms to gauge their interest in selling shares, leading to a coordinated sale with the offeror's brokerage, Jin Yi Financial [1] Group 2 - Mr. Chen disclosed that he sold 60 million shares at HKD 0.05 per share on April 22, 2025, which is part of the 153 million shares acquired by the offeror [2] - After the acquisition, the offeror and its concert parties held 326 million shares, representing approximately 54.41% of the company's voting rights [2] - The total issued shares of the company are 600 million, with 326 million shares held by the offeror and its concert parties [2] Group 3 - Jin Yi Financial will represent the offeror in making a mandatory unconditional cash offer at HKD 0.06 per share to acquire all issued shares of the company [3] - The offer excludes shares already owned or agreed to be acquired by the offeror and its concert parties [3] Group 4 - The company has applied to the Stock Exchange for the resumption of trading of its shares starting from 9:00 AM on June 16, 2025 [4]

Financial Performance - Total revenue for the fiscal year 2024 was approximately HKD 250.8 million, a decrease of 5.6% from HKD 265.6 million in fiscal year 2023[10]. - The company reported a loss attributable to shareholders of approximately HKD 18.4 million for fiscal year 2024, compared to a loss of HKD 18.2 million in fiscal year 2023[10]. - Air freight agency revenue increased by 15.4% to HKD 89.6 million in fiscal year 2024, up from HKD 77.6 million in fiscal year 2023[11]. - Sea freight agency revenue rose by 31.0% to HKD 30.5 million in fiscal year 2024, compared to HKD 23.2 million in fiscal year 2023[11]. - Logistics and warehousing services revenue increased by 13.7% to HKD 92.7 million in fiscal year 2024, up from HKD 81.5 million in fiscal year 2023[12]. - E-commerce business revenue decreased significantly by 54.4% to HKD 38.0 million in fiscal year 2024, down from HKD 83.4 million in fiscal year 2023[12]. - Gross profit decreased by 16.2% to HKD 22.7 million in fiscal year 2024, down from HKD 27.1 million in fiscal year 2023[16]. - Gross margin declined from 10.2% in fiscal year 2023 to 9.1% in fiscal year 2024[17]. - Administrative and selling expenses decreased by approximately HKD 5.4 million to HKD 35.8 million in fiscal year 2024, down from HKD 41.2 million in fiscal year 2023[21]. - Other income decreased from HKD 2.9 million in fiscal year 2023 to HKD 0.6 million in fiscal year 2024, primarily due to the surrender of a life insurance policy[19]. - The company recorded a loss attributable to owners of HKD 18.4 million for the fiscal year 2024, compared to a loss of HKD 18.2 million for the fiscal year 2023, representing an increase of HKD 0.2 million[22]. - Cash and cash equivalents as of December 31, 2024, amounted to approximately HKD 13.2 million, up from approximately HKD 11.7 million in 2023[23]. - The current ratio decreased from 1.53 in 2023 to 1.08 in 2024, indicating a decline in liquidity[23]. - The debt-to-equity ratio increased significantly from 4.9% in 2023 to 29.9% in 2024, reflecting a rise in financial leverage[23]. Corporate Governance - The company has adopted the principles and code provisions of the Corporate Governance Code as per GEM Listing Rules, ensuring compliance throughout the reporting period from January 1, 2024, to December 31, 2024[44]. - The company emphasizes the importance of a strong corporate culture for governance and has established a practical and prudent culture since its inception, promoting long-term sustainable development[45]. - The board has established an audit committee, nomination committee, and remuneration committee with clearly defined terms of reference to enhance governance practices[44]. - The company has implemented anti-corruption policies and reporting mechanisms to encourage employees to report unethical behaviors, ensuring high standards of business ethics[45]. - The management team consists of experienced professionals with over 22 years in finance and real estate private equity, enhancing the company's strategic decision-making capabilities[36]. - The independent non-executive directors bring over 17 years of experience in auditing, accounting, and corporate governance, contributing to the board's effectiveness[38]. - The company has a dedicated company secretary with extensive financial and accounting experience, ensuring compliance with regulatory requirements[43]. - The company is committed to maintaining high ethical standards and prohibits any form of bribery and corruption within its operations[45]. - The board believes that integrating good corporate governance elements into the management structure and internal controls protects the interests of shareholders, customers, and employees[44]. - The company has a diverse board with members holding various qualifications and experiences, enhancing its governance and oversight capabilities[39]. - The board of directors consists of seven members, including two executive directors, one non-executive director, and four independent non-executive directors[47]. - During the reporting period, the board held six meetings, with attendance rates for executive directors ranging from 75% to 100%[52]. - The company has established mechanisms to ensure the independence of the board, with at least three independent non-executive directors, exceeding one-third of the board's total members[49]. - Independent non-executive directors did not receive any equity-based compensation during the reporting period, maintaining their objectivity and independence[50]. - The management provided monthly updates to the board regarding the group's status and prospects, ensuring informed decision-making[55]. - The chairman was appointed on July 13, 2023, enhancing the leadership structure of the board[47]. - The company has adopted a code of conduct for securities trading that is less stringent than the GEM listing rules, ensuring compliance among directors[46]. - The financial director is set to resign on November 30, 2024, indicating potential changes in the management team[52]. - The board will review its governance mechanisms annually to ensure effectiveness and compliance with regulations[49]. - The company encourages independent non-executive directors to actively participate in board meetings, promoting diverse perspectives[49]. - The board of directors has established a remuneration policy to attract and retain talent, ensuring competitive yet reasonable compensation for directors[61]. - The audit committee held 5 meetings during the reporting period, reviewing the group's annual consolidated financial statements and risk management systems[64]. - The remuneration committee conducted 3 meetings, formulating policies regarding the compensation of directors and senior management[65]. - All directors participated in continuous professional development to enhance their knowledge and skills[59]. - The company has a policy for directors to rotate every three years, ensuring accountability and governance[58]. - The board consists of three committees: audit, remuneration, and nomination, each with defined responsibilities approved by the board[63]. - The company’s governance report indicates that independent non-executive directors are appointed for an initial term of one year, subject to renewal[57]. - The remuneration policy includes fixed salaries and variable components such as bonuses and stock options, benchmarked against similar companies[61]. - The audit committee includes three independent non-executive directors, with the chairman being Mr. Mei Yi He[64]. - The company’s governance framework emphasizes risk assessment and management measures to address potential risks faced by the group[60]. - The Nomination Committee held 3 meetings during the reporting period to review the board structure and diversity policies[66]. - The remuneration range for senior management members (excluding directors) for the year ending December 31, 2024, includes 1 individual earning between HKD 0 to 1,000,000[66]. - The board consists of 1 female member, achieving the gender diversity target of at least one female director[69]. - The employee gender composition as of December 31, 2024, is approximately 59.3% male and 40.7% female, indicating maintained gender diversity[73]. - The company has established measurable targets to implement the board diversity policy and will monitor progress annually[70]. - The board diversity policy considers factors such as gender, age, cultural background, and professional qualifications[69]. - The Nomination Committee is responsible for evaluating the independence of non-executive directors[66]. - The company has a total of 113 employees, including senior management but excluding directors[73]. - The board has a total of 10 directors, with 3 executive directors and 7 non-executive directors[71]. - The company emphasizes fair employment practices and has policies against discrimination based on gender, religion, race, disability, or age[72]. Risk Management and Compliance - The company has implemented measures to reduce administrative expenses and financial costs, including staff and salary reductions[22]. - The company has maintained good relationships with stakeholders, including employees, customers, suppliers, banks, regulatory bodies, and shareholders during the 2024 fiscal year[106]. - The company has complied with all applicable environmental laws and regulations in all significant aspects during the 2024 fiscal year[103]. - The company encourages shareholders to provide updated contact information to facilitate timely and effective communication[95]. - The company’s main business nature has not undergone significant changes during the 2024 fiscal year[100]. - The company’s website serves as a platform for providing information about the group and its corporate governance[97]. - The board of directors presented the audited consolidated financial statements for the 2024 fiscal year[98]. - The company’s organizational documents have not changed for the 2024 fiscal year[96]. - The company has established a shareholder communication policy to enhance engagement with shareholders through annual general meetings and other communication channels[93]. - The company emphasizes the importance of risk management practices to mitigate operational and financial risks, including customer retention and maintaining stable relationships with suppliers[102]. Audit and Financial Reporting - The auditor's fee for the 2024 fiscal year for audit services amounted to HKD 700,000[76]. - The board of directors is responsible for maintaining effective risk management and internal control systems, which have been reviewed and deemed effective and adequate during the reporting period[77]. - The company has engaged an external independent consultant to review its internal control system, confirming its effectiveness[78]. - The company has identified key audit matters and communicated significant audit findings to the audit committee, ensuring compliance with professional ethical requirements[174]. - The company reported a total comprehensive loss of HKD 18,518,000 for the year ended December 31, 2023, compared to a loss of HKD 18,378,000 for the year ended December 31, 2024[179]. - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2024, including HKAS 1 amendments on liability classification[187]. - The application of new and revised accounting standards did not have a significant impact on the group's financial position and performance for the current and prior years[188]. - The introduction of HKFRS 18 will change the presentation of financial statements, focusing on the structure of the income statement and enhancing disclosure requirements[190]. - The group is currently evaluating the impact of HKFRS 18 on the presentation and disclosure of its consolidated financial statements[191]. - The group’s consolidated financial statements are prepared based on historical cost and require significant assumptions and estimates[192]. - Non-controlling interests are presented as equity in the consolidated statement of financial position and comprehensive income[195]. - The group offsets intercompany transactions, balances, and unrealized profits, unless evidence indicates impairment of transferred assets[196]. - The investment in joint ventures is accounted for using the equity method, recognizing the group's share of profits and other comprehensive income until joint control is terminated[197]. - Investments in joint ventures are recorded at cost less impairment losses unless classified as held for sale[198]. - The group's consolidated financial statements are presented in Hong Kong dollars, which is the functional and presentation currency of the company[199]. - Foreign currency transactions are initially recognized at the exchange rate on the transaction date and monetary assets and liabilities are translated at the exchange rate at the end of the reporting period[200]. - Gains and losses arising from foreign currency translation are recognized in the income statement[200]. - Non-monetary items measured at fair value are translated at the exchange rate on the date of determination of fair value[200]. - Any foreign exchange portion of gains or losses on non-monetary items recognized in other comprehensive income is also recognized in other comprehensive income[200]. - The group ceases to recognize further losses when its share of losses in a joint venture exceeds its interest in that joint venture[197]. - The carrying amount of the group's interest in joint ventures includes any other long-term interests that form part of the net investment in the joint venture[197]. - Unrealized gains and losses from transactions with equity-accounted investees are offset against the group's interest in the investee[197].

Financial Performance - For the fiscal year ending December 31, 2024, the group's revenue was approximately HKD 250.8 million, a decrease of about 5.6% compared to HKD 265.6 million for the fiscal year ending December 31, 2023[5]. - The loss attributable to the company's owners for the fiscal year 2024 was approximately HKD 18.4 million, compared to a loss of HKD 18.2 million in the fiscal year 2023[5]. - The total comprehensive loss for the fiscal year 2024 was HKD 18.378 million, slightly lower than HKD 18.518 million in the previous year[8]. - The basic and diluted loss per share for the fiscal year 2024 was HKD 3.07, compared to HKD 3.03 for the fiscal year 2023[8]. - The group reported a pre-tax loss of HKD 18,402,000 for 2024, compared to a loss of HKD 18,173,000 in 2023, indicating a slight increase in losses[31]. - The group recorded a loss attributable to owners of HKD 18.4 million in FY2024, slightly increasing from HKD 18.2 million in FY2023[59]. Revenue Breakdown - Total revenue for the fiscal year 2024 is approximately HKD 250.8 million, a decrease of 5.6% from HKD 265.6 million in fiscal year 2023[44]. - The logistics and warehousing segment generated external sales of HKD 92,711,000 for the fiscal year ending December 31, 2024, compared to HKD 81,542,000 in 2023, indicating a growth of about 13.5%[22]. - The electronic commerce segment reported external sales of HKD 37,981,000 for the fiscal year ending December 31, 2024, a decrease from HKD 83,389,000 in 2023, reflecting a decline of approximately 54.5%[22]. - Air freight agency services revenue increased from approximately HKD 77.6 million in fiscal year 2023 to approximately HKD 89.6 million in fiscal year 2024, driven by an increase in air freight tonnage handled[45]. - Sea freight agency services revenue rose from approximately HKD 23.2 million in fiscal year 2023 to approximately HKD 30.5 million in fiscal year 2024, attributed to favorable rates obtained from key customers[46]. - E-commerce business revenue decreased significantly from approximately HKD 83.4 million in fiscal year 2023 to approximately HKD 38.0 million in fiscal year 2024, due to changes in operational strategy leading to fewer B2C orders[47]. Expenses and Cost Management - Administrative and selling expenses decreased primarily due to reduced legal and professional fees, as well as a decrease in employee numbers and salary expenses[5]. - Total employee costs decreased to HKD 38,557,000 in 2024 from HKD 48,907,000 in 2023, reflecting a reduction of approximately 21%[31]. - The group incurred a total of HKD 27,472,000 in cost of sales for 2024, down from HKD 38,206,000 in 2023, representing a decrease of approximately 28%[31]. - Administrative and selling expenses reduced by approximately HKD 5.4 million from HKD 41.2 million in FY2023 to HKD 35.8 million in FY2024, due to decreased legal and professional fees and cost control measures[58]. Assets and Liabilities - Total assets decreased from HKD 68,963 million in 2023 to HKD 63,204 million in 2024, a decline of approximately 8.5%[9]. - Non-current assets increased significantly from HKD 36,415 million in 2023 to HKD 56,594 million in 2024, representing a growth of about 55.5%[9]. - Current liabilities rose from HKD 60,949 million in 2023 to HKD 78,841 million in 2024, an increase of approximately 29.4%[10]. - Total equity decreased from HKD 61,247 million in 2023 to HKD 42,869 million in 2024, a decline of around 30%[10]. - The company's borrowings increased from HKD 3,000 million in 2023 to HKD 11,323 million in 2024, an increase of approximately 277.4%[10]. - The company's total liabilities increased from HKD 60,949 million in 2023 to HKD 78,841 million in 2024, a rise of about 29.4%[10]. Strategic Initiatives - The company aims to restructure its financing sources to minimize interest expenses[5]. - The company is exploring new strategies for market expansion and product development to improve future performance[11]. - The company aims to enhance competitiveness through advanced technologies such as transportation and warehouse management systems and big data analytics[43]. - The management team is committed to strict cost control measures and strategic pricing adjustments to improve profitability[43]. - The company plans to continue careful management of costs and profit margins to seek ongoing improvements in the future[43]. Compliance and Governance - The board confirmed compliance with all corporate governance code provisions during the reporting period from January 1, 2024, to December 31, 2024[72]. - The audit committee has reviewed the consolidated financial statements for the fiscal year 2024 and confirmed compliance with applicable accounting standards and GEM listing rules[82]. - The company has implemented anti-corruption and reporting policies to promote a healthy corporate culture and high ethical standards[73]. Shareholder Communication - The company has adopted electronic communication arrangements for distributing company communications to shareholders, effective December 31, 2024[76]. - The company will publish its communications on its website and the Hong Kong Stock Exchange website[77]. - The company encourages shareholders to provide updated contact information to facilitate timely communication[78].

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 125,692,000, a decrease of 4.3% from HKD 131,430,000 in the same period of 2023[6] - Gross profit for the same period was HKD 11,252,000, down 10.4% from HKD 12,558,000 year-on-year[6] - The company reported a loss before tax of HKD 8,259,000, an improvement from a loss of HKD 9,061,000 in the previous year[6] - Total comprehensive loss for the period was HKD 8,033,000, compared to HKD 9,325,000 in the prior year, indicating a reduction in losses[6] - Basic and diluted loss per share was HKD 1.33, slightly improved from HKD 1.52 in the same period last year[7] - Other income decreased significantly to HKD 364,000 from HKD 1,777,000, a decline of 79.5%[6] - The total segment performance for the six months ended June 30, 2024, was HKD 11,252,000, compared to HKD 12,558,000 for the same period in 2023, indicating a decline of approximately 10.4%[19] - The company reported a loss before tax of HKD 8,259,000 for the six months ended June 30, 2024, compared to a loss of HKD 9,061,000 for the same period in 2023[19] - The loss attributable to owners decreased from HKD 9.1 million to HKD 8.0 million, supported by increased revenue and gross profit from air freight and logistics services[49] Assets and Liabilities - Non-current assets decreased from HKD 36,415 million in 2023 to HKD 73,379 million in 2024, primarily due to an increase in right-of-use assets from HKD 20,989 million to HKD 58,102 million[8] - Current assets decreased from HKD 93,497 million in 2023 to HKD 86,579 million in 2024, with trade receivables declining from HKD 54,778 million to HKD 48,765 million[8] - Total liabilities increased from HKD 60,949 million in 2023 to HKD 76,217 million in 2024, driven by a rise in bank borrowings from HKD 3,000 million to HKD 8,200 million[8] - The company's net assets decreased from HKD 61,247 million in 2023 to HKD 53,214 million in 2024, reflecting a decline in reserves from HKD 54,881 million to HKD 46,847 million[9] - Cash and cash equivalents decreased from HKD 12,133 million in 2023 to HKD 10,458 million in 2024[12] - Trade payables decreased from HKD 24,923 million in 2023 to HKD 20,949 million in 2024[8] - As of June 30, 2024, the current ratio of the group decreased to 1.14 from 1.53 on December 31, 2023, due to the renewal of warehouse lease agreements and the acquisition of right-of-use assets[51] - The debt-to-equity ratio increased from 4.9% on December 31, 2023, to 15.4% on June 30, 2024, attributed to an increase in bank borrowings by HKD 5,200,000 during the period[51] - The total bank borrowings as of June 30, 2024, amounted to approximately HKD 8,200,000, with a floating interest rate between 6.44% and 6.78%[51] Operational Highlights - The company aims to enhance market expansion strategies and product development in the upcoming quarters[6] - Future outlook includes a focus on reducing operational costs and improving overall financial performance[6] - The company has expanded its e-commerce fulfillment services since 2019, establishing a cross-border logistics platform to meet growing demand from international customers[37] - The company aims to strengthen relationships with long-term suppliers and customers while expanding its service offerings to capture new business opportunities[38] - The economic outlook for Hong Kong in 2024 is challenging due to geopolitical tensions, high interest rates, and weak global demand, impacting recovery and consumer confidence[39] - The development of the Guangdong-Hong Kong-Macao Greater Bay Area is expected to enhance transportation network integration and promote rapid growth in air freight logistics across the region[39] - The online retail sector, currently accounting for less than 20% of total global retail sales, presents significant growth potential for the logistics industry[39] Revenue Breakdown - The air freight segment generated external sales of HKD 43,979,000, while the sea freight segment generated HKD 14,658,000, contributing to a total of HKD 125,692,000 in revenue[18] - The logistics and warehousing segment reported external sales of HKD 42,771,000, and the e-commerce segment reported HKD 24,284,000 for the six months ended June 30, 2024[18] - Air freight agency service revenue increased by HKD 10.1 million to HKD 44.0 million, driven by increased air freight tonnage and higher air freight rates due to supply shortages[41] - Sea freight agency service revenue rose by HKD 2.5 million to HKD 14.7 million, although this was partially offset by a decrease in freight volume due to intense competition[42] - E-commerce revenue decreased significantly by 43.0% from HKD 42.6 million to HKD 24.3 million, attributed to a reduction in order numbers from clients due to changes in their market strategies[41] Cost Management - The company incurred financing costs of HKD 1,952,000, down from HKD 3,362,000 in the previous year, reflecting a decrease of 42%[6] - The total employee costs for the six months ended June 30, 2024, were HKD 19,824,000, down from HKD 28,044,000 for the same period in 2023[25] - Administrative and selling expenses decreased by HKD 1.8 million to HKD 17.9 million, primarily due to cost control measures and renegotiated service fees[47] - Financing costs decreased by HKD 1.4 million to HKD 2.0 million, mainly due to reduced interest expenses on bank loans and other borrowings[48] Shareholder Information - As of June 30, 2024, the company has issued a total of 600,000,000 shares[66] - Major shareholder Million Venture Holdings Limited holds 170,300,000 shares, representing approximately 28.38% of the total equity[67] - The company has a stock option plan that allows for the issuance of up to 49,500,000 shares, which is 8.25% of the total shares as of January 1 and June 30, 2024[70] - As of June 30, 2024, a total of 3,000,000 stock options remain unexercised, which represents about 0.5% of the total shares[70] - No stock options were exercised, canceled, or expired during the reporting period[71] - The company has not entered into any arrangements that would allow directors to benefit from purchasing shares or bonds of the company or its subsidiaries[72] - There are no significant contracts in which directors have a substantial interest as of June 30, 2024[73] Governance and Compliance - The audit committee has reviewed the unaudited condensed consolidated financial statements and believes they comply with applicable accounting standards and GEM listing rules[76] - The audit committee consists of three independent non-executive directors, with Mr. Mei Yi He serving as the chairman[76] - The company appointed Mr. Lo Wai Wah as an executive director on March 1, 2024[66] - No significant changes have occurred since the publication of the 2023 annual report[75]

Financial Performance - Janco Holdings Limited reported its interim results for the six months ended June 30, 2024, with unaudited consolidated performance[1]. - Revenue for the six months ended June 30, 2024, was HKD 125,692,000, a decrease of 4.0% compared to HKD 131,430,000 for the same period in 2023[8]. - Gross profit for the same period was HKD 11,252,000, down 10.4% from HKD 12,558,000 in 2023[8]. - The company reported a net loss of HKD 7,998,000 for the six months ended June 30, 2024, an improvement from a net loss of HKD 9,318,000 in 2023, representing a 21.0% reduction in losses[9]. - Basic and diluted loss per share was HKD 1.33, compared to HKD 1.52 for the same period in 2023, indicating a 12.5% improvement[9]. - The company reported other income of HKD 364,000, significantly lower than HKD 1,777,000 in the previous year, marking a decrease of 79.5%[8]. - The company reported a loss before tax of HKD 8,259,000 for the six months ended June 30, 2024, compared to a loss of HKD 9,061,000 for the same period in 2023, indicating a slight improvement[20]. - The group recorded a loss attributable to owners of HKD 8.0 million, a decrease of HKD 1.1 million from HKD 9.1 million, due to increased revenue and gross profit from air freight and logistics services[51]. Assets and Liabilities - Total assets less current liabilities increased to HKD 83,741,000 as of June 30, 2024, compared to HKD 68,963,000 at the end of 2023[10]. - Non-current liabilities rose significantly to HKD 30,527,000 from HKD 7,716,000 at the end of 2023, primarily due to an increase in lease liabilities[11]. - The company’s total equity decreased to HKD 53,214,000 from HKD 61,247,000 at the end of 2023, indicating a decline of 13.1%[11]. - The company’s cash and bank balances decreased to HKD 10,458,000 from HKD 11,699,000 at the end of 2023[10]. - Trade receivables decreased to HKD 48,765,000 from HKD 54,778,000, reflecting an 11.0% reduction[10]. - The company reported trade payables of HKD 20,949,000 as of June 30, 2024, a decrease of 16% from HKD 24,923,000 as of December 31, 2023[35]. - The current ratio decreased from 1.53 times as of December 31, 2023, to 1.14 times as of June 30, 2024, due to the renewal of warehouse lease agreements[53]. - The debt-to-equity ratio increased from 4.9% to 15.4% as of June 30, 2024, due to an increase in bank borrowings by HKD 5.2 million[53]. Revenue Segments - The segment performance for air freight agency generated a profit of HKD 3,304,000, while logistics and warehousing generated HKD 5,079,000, and e-commerce generated HKD 1,680,000, totaling HKD 11,252,000 for the six months ended June 30, 2024[20]. - External sales from the air freight segment amounted to HKD 43,979,000, while the logistics and warehousing segment generated HKD 42,771,000, and e-commerce generated HKD 24,284,000 for the six months ended June 30, 2024[20]. - Air freight agency service revenue increased by HKD 10.1 million to HKD 44.0 million, driven by increased air freight tonnage and higher rates due to supply shortages[43]. - Sea freight agency service revenue rose by HKD 2.5 million to HKD 14.7 million, although this was partially offset by a decrease in freight volume due to intense competition[44]. - Logistics and warehousing service revenue slightly increased by HKD 0.1 million to HKD 42.8 million, showing no significant change[44]. - E-commerce revenue decreased significantly by HKD 18.3 million to HKD 24.3 million, attributed to a reduction in order numbers from clients due to changes in their market strategies[44]. Cost Management - Total employee costs for the period were HKD 19,824,000, down 29.5% from HKD 28,044,000 in the previous year, reflecting cost-cutting measures[27]. - Administrative and selling expenses decreased by HKD 1.8 million from HKD 19.7 million to HKD 17.9 million, due to negotiated lower service fees and cost control measures[49]. - Financing costs reduced by HKD 1.4 million from HKD 3.4 million to HKD 2.0 million, primarily due to decreased interest expenses on bank loans and other borrowings[50]. - The management team is focused on implementing strict cost control measures and strategic pricing adjustments to improve profitability[42]. Corporate Governance - The company has a structured board with various committees, including an Audit Committee and a Remuneration Committee, ensuring governance and oversight[6]. - The company has established an audit committee to review and monitor its financial reporting system and internal controls[78]. - The audit committee consists of three independent non-executive directors, with Mr. Mei Yihwa serving as the chairman[78]. - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[77]. Shareholder Information - As of June 30, 2024, the major shareholder, Million Venture Holdings Limited, held 170,300,000 shares, representing approximately 28.38% of the total shares[69]. - The company’s directors and key executives held a total of 2,500,000 shares, accounting for approximately 0.41% of the total shares[66]. - The company has a stock option plan, with 750,000 options granted to certain directors, representing approximately 0.25% of the total shares[67]. - A total of 3,000,000 share options have been granted but not exercised as of June 30, 2024, which represents approximately 0.5% of the total issued shares[72]. Future Outlook - The company aims to enhance local delivery and warehousing management services in response to changing market dynamics[42]. - The development of the Guangdong-Hong Kong-Macao Greater Bay Area is expected to facilitate rapid growth in air freight logistics across the region[41]. - The company recognizes the potential for e-commerce to drive growth in the logistics industry, as online sales currently account for less than 20% of global retail[41]. - The company has not disclosed any future plans for significant investments or acquisitions[62].

Revenue Performance - The total revenue for the logistics and warehousing services decreased from HKD 158.8 million in the 2022 fiscal year to HKD 81.5 million in the 2023 fiscal year, a decline of HKD 77.3 million[16]. - The total revenue for freight forwarding services was HKD 238.5 million in the 2023 fiscal year, down from HKD 439.2 million in the 2022 fiscal year, representing a decrease of approximately 45.7%[18]. - E-commerce revenue was HKD 72.3 million in the 2023 fiscal year, down from HKD 131.4 million in the previous year, indicating a decline of approximately 45%[18]. - The company's revenue decreased by 48.2% from HKD 512.7 million in the fiscal year 2022 to HKD 265.6 million in the fiscal year 2023, primarily due to reduced earnings from various operating segments[190]. - Air freight agency service revenue fell from HKD 120.3 million in fiscal year 2022 to HKD 77.6 million in fiscal year 2023, a decrease of 35.5%[190]. - Sea freight agency service revenue dropped significantly from HKD 93.1 million in fiscal year 2022 to HKD 23.1 million in fiscal year 2023, a decline of 75.2%[190]. Profitability - The gross profit margin decreased from 14.3% in the 2022 fiscal year to 10.2% in the 2023 fiscal year, a reduction of 4.1 percentage points[19]. - Gross profit decreased by 63.1% from HKD 73.5 million in fiscal year 2022 to HKD 27.1 million in fiscal year 2023, attributed to reduced earnings and lower gross margins[193]. - The gross profit for e-commerce services increased to HKD 11.1 million in the 2023 fiscal year, with a gross profit margin of 13.3%[20]. - The group recorded a loss attributable to the owners of the company of HKD 18.2 million for the fiscal year 2023, compared to a profit of HKD 4.5 million in the fiscal year 2022[40]. Cost Management - Administrative and selling expenses decreased from HKD 69.2 million in the 2022 fiscal year to HKD 41.2 million in the 2023 fiscal year, a reduction of approximately 40.5%[22]. Financial Position - The company reported a significant reduction in interest-bearing bank borrowings from approximately HKD 113.7 million in 2022 to about HKD 3.0 million in 2023[26]. - As of December 31, 2023, the group's cash and cash equivalents amounted to approximately HKD 11.7 million, an increase from approximately HKD 8.4 million in 2022[157]. - The group's current ratio improved to 1.53 times as of December 31, 2023, compared to 1.14 times on December 31, 2022, due to better working capital management during the fiscal year[157]. - As of December 31, 2023, the group had pledged bank deposits of HKD 16.0 million as collateral for bank loans and financing[44]. Corporate Governance - The board consists of seven members, including two executive directors, one non-executive director, and four independent non-executive directors[56]. - The board has established mechanisms to ensure independent views and opinions are obtained, encouraging independent non-executive directors to actively participate in board meetings[37]. - The audit committee consists of three independent non-executive directors, ensuring compliance with GEM listing rules[95]. - The board of directors is responsible for corporate governance functions, including policy formulation and compliance with legal regulations[90]. - The company secretary has extensive experience in finance and accounting, contributing to effective corporate governance[83]. - The board has appointed independent non-executive directors, exceeding one-third of the total board members, to enhance governance[87]. - The company has established a strict anti-discrimination and equal opportunity policy for employment and promotion[76]. - The board plans to hold at least four regular meetings annually, ensuring adequate notice and preparation time for directors[88]. - The company emphasizes board diversity, considering factors such as gender, age, cultural background, and professional qualifications in its selection process[104]. Shareholder Engagement - Shareholders are encouraged to attend annual general meetings and vote, with voting results published on the stock exchange and the company's website[111]. - The company has a communication policy to facilitate timely and effective communication with shareholders, including the distribution of company communications via email or mail[116]. Strategic Focus - The company plans to focus on local transportation services and warehouse management in 2024, recognizing the need for emerging technologies like big data and analytics to enhance competitiveness[199]. - Management aims to continuously review business strategies and improve operational efficiency to achieve sustainable growth and long-term value for shareholders[188]. - The company is strategically expanding its logistics and warehousing services to meet the growing demand for customized value-added logistics solutions[196]. - The rise of online retail indicates significant growth potential for the logistics industry, with e-commerce currently accounting for less than 20% of total global retail sales[8]. - The development of the Guangdong-Hong Kong-Macao Greater Bay Area is expected to facilitate the integration of transportation networks, promoting rapid growth in air freight logistics[197]. Risk Management - The company has no foreign exchange hedging policy, as its operations are primarily conducted in HKD and USD, minimizing foreign exchange risk[27]. - The group has implemented a conservative funding and treasury policy to protect asset value and avoid unnecessary risks, holding no financial instruments other than bank deposits[41]. - The company has a comprehensive internal control and risk management system in place to safeguard its assets[78]. Dividend Policy - The company has adopted a dividend policy that considers financial performance, cash flow, and overall business conditions before declaring dividends[117]. - The board has the discretion to decide on dividend payments, which are subject to shareholder approval[117]. - The company will regularly review and reassess its dividend policy and its effectiveness[117].