Group 1 - The company announced the appointment of Mr. Li Huajiang as an independent non-executive director, effective from August 1, 2025 [1]

中國來騎哦新能源集團有限公司董事會（「董事會」）成員載列如下： 執行董事 周仁超 （主席） 曹大勇 王韜權 獨立非執行董事 CHINA COME RIDE NEW ENERGY GROUP LIMITED 中國來騎哦新能源集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8039） 董事名單與其角色和職能 李華江 董事會設立三個委員會。下表列出各董事會成員在該等委員會中所擔任的職能。 | | 董事委員會 | 審核委員會 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | --- | | 董事 | | | | | | 周仁超 | | | | | | 曹大勇 | | | | | | 王韜權 | | | | | | 邵玉明 | | C | M | M | | 昂云春 | | M | M | C | | 李華江 | | M | C | M | 附註： C 有關董事委員會主席 M 有關董事委員會成員 香港，二零二五年八月一日 邵玉明 昂云春 ...

董事會欣然宣佈，李華江先生獲委任為獨立非執行董事，自二零二五年八月一 日生效。新任董事的履歷詳情載列如下：李華江先生（「李先生」），40歲，彼於 二零一二年獲得中央廣播電視大學的物業管理專科課程。李先生擁有超過20年 的銷售及管理工作經驗，他曾於國內多間公司任職相關主管和總經理職位。 李先生與本公司已訂立委任函，據此，彼獲本公司委任為獨立非執行董事，自 二零二五年八月一日生效。李先生將任職至本公司下屆股東大會並將符合資 格膺選連任，並須根據本公司的組織章程細則於本公司股東大會輪值退任及 膺選連任。李先生的薪酬將為每月3,000港元，該金額乃由董事會薪酬委員會 經參考其於本公司的職務及責任以及現行市況釐定。於本公告日期，除上述所 披露者外，李先生並無於本公告日期前過去三年在其證券在香港或海外任何 證券市場上市的任何上市公眾公司中擔任任何董事職務，亦無於本公司及本 集團其他成員公司出任任何其他職位或擁有其他重大委任及專業資格，以及 並無與本公司任何董事、高級管理層或主要或控股股東有任何關係或於本公 司股份中擁有根據證券及期貨條例第XV部須予披露的任何權益。 董事會謹藉此機會歡迎李先生的委任。 香港交易及結算所有限 ...

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，並明確表示概不對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。 CHINA COME RIDE NEW ENERGY GROUP LIMITED 中國來騎哦新能源集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8039） 內幕消息 進一步延遲刊發二零二五年全年業績； 刊發二零二五年年報日期； 及 繼續暫停買賣 本公告乃由中國來騎哦新能源集團有限公司（「本公司」，連同其附屬公司， 統稱「本集團」）根據香港聯合交易所有限公司（「聯交所」）GEM證券上市規則 （「GEM上市規則」）第17.10條以及香港法例第571章證券及期貨條例第XIVA部的 內幕消息條文（定義見上市規則）而刊發。 茲提述本公司日期為二零二五年六月三十日的公告，內容分別關於（其中包括） 延遲刊發二零二五年全年業績（「該公告」）及本公司股份自二零二五年七月二 日上午九時正起暫停於聯交所買賣。除另有界定外，本公告所用詞彙與該公告 所界定者具有相同涵義。 進一步延遲刊發二零二五年全年業績的理由 本公 ...

Company Overview - China Laika New Energy Group Limited is a Hong Kong investment holding company primarily engaged in providing construction and structural engineering consulting services [2] - The company also offers licensing consulting services, renovation and extension engineering, small-scale engineering consulting services, inspection and certification services, and other construction-related consulting services [2] - Subsidiaries include Energetic Tree Limited and Qijie Construction Consulting Limited [2] Financial Performance - As of September 30, 2024, the company achieved total operating revenue of 13.9868 million yuan, representing a year-on-year increase of 16.69% [1] - The net profit attributable to the parent company was -253,400 yuan, a decrease of 3.69% year-on-year [1] - The gross profit margin stood at 26.96%, while the asset-liability ratio was 107.62% [1] Market Performance - As of April 14, the stock price closed at 0.114 HKD per share, an increase of 18.75% with a trading volume of 48,000 shares and a turnover of 5,520 HKD [1] - Over the past month, the stock has seen a cumulative decline of 11.11%, and a year-to-date decline of 28.89%, underperforming the Hang Seng Index by 4.26% [1] Valuation Metrics - The company's price-to-earnings (P/E) ratio is -9.73, ranking 147th in the industry [1] - The average P/E ratio for the construction industry (TTM) is 6.63, with a median of 2.25 [1] - Comparatively, other companies in the industry have P/E ratios such as Other Pujiang International at 1.01, China Pipe Industry at 1.47, and others ranging from 1.56 to 2.25 [1]

Revenue and Profitability - Revenue for the six months ended September 30, 2024, was HK$15.51 million, an increase of 16.7% compared to HK$13.29 million in the same period last year[6] - Revenue for the six months ended September 30, 2024, was derived entirely from Hong Kong, with no regional breakdown provided[21] - Revenue for the six months ended September 30, 2024, was approximately HKD 15.5 million, a 16.7% increase compared to HKD 13.3 million in the same period in 2023[65] - Total revenue for the period was approximately HKD 15,500,000, an increase of HKD 2,200,000 or 16.7% compared to the same period in 2023, primarily due to contributions from large contract projects[67] - Gross profit for the period was HK$4.18 million, up 13.6% from HK$3.68 million in the previous year[6] - Gross profit margin decreased slightly from 27.7% in the six months ended September 30, 2023, to 27.0% in the current period[67] - The company reported a net loss of HK$281,000 for the six months ended September 30, 2024, slightly higher than the HK$271,000 loss in the same period last year[6] - The company reported a loss attributable to owners of the company of HKD 281 thousand for the six months ended September 30, 2024, compared to HKD 271 thousand for the same period in 2023[26] - Loss for the six months ended September 30, 2024, was approximately HKD 300,000, consistent with the same period in 2023[65] - The company recorded a net loss attributable to owners of approximately HKD 300,000, consistent with the same period in 2023[67] Financial Position and Cash Flow - Cash and cash equivalents decreased by HK$2.49 million to HK$2.35 million as of September 30, 2024, compared to HK$4.84 million at the beginning of the period[12] - Total assets decreased to HK$5.39 million as of September 30, 2024, from HK$5.94 million at the end of the previous fiscal year[8] - The company's net liabilities position worsened to HK$1.27 million as of September 30, 2024, compared to HK$988,000 at the end of the previous fiscal year[8] - Operating cash outflow was HK$2.45 million for the six months ended September 30, 2024, compared to an inflow of HK$105,000 in the same period last year[12] - The company's accumulated losses increased to HK$54.52 million as of September 30, 2024, from HK$54.24 million at the beginning of the period[10] - Total equity decreased to a deficit of HK$1.27 million as of September 30, 2024, from a deficit of HK$988,000 at the end of the previous fiscal year[10] - As of September 30, 2024, the company had a net current liability of approximately HKD 6,700,000, with bank and cash balances of HKD 2,400,000[69] Trade and Contract Assets - Trade receivables as of September 30, 2024, amounted to HKD 6,479 thousand, with an expected credit loss provision of HKD 1,155 thousand, resulting in a net trade receivables balance of HKD 5,324 thousand[36] - Contract assets as of September 30, 2024, were HKD 905 thousand, with no expected credit loss provision, and are expected to be recovered within one year[39] - The company's trade receivables aging analysis showed that HKD 2,123 thousand was due within 30 days, while HKD 2,150 thousand was overdue by more than 180 days as of September 30, 2024[38] - Trade payables to third parties decreased from HKD 2,238 thousand as of March 31, 2024, to HKD 0 as of September 30, 2024[42][43] - Contract liabilities decreased from HKD 216 thousand as of March 31, 2024, to HKD 0 as of September 30, 2024, due to recognition as revenue[46] Expenses and Liabilities - Administrative expenses increased by HKD 300,000 or 8.8% to HKD 4,400,000, mainly due to various expense increases[67] - Accrued expenses and other payables decreased from HKD 7,041 thousand as of March 31, 2024, to HKD 5,525 thousand as of September 30, 2024[42] - The company's income tax expense for the six months ended September 30, 2024, was nil due to no estimated taxable profit during the period[24] Investments and Assets - The company's equity investments designated at fair value through other comprehensive income (FVTOCI) remained unchanged at HKD 4,424 thousand as of September 30, 2024[34] - The company's property, plant, and equipment had a net book value of HKD 474 thousand as of September 30, 2024, after depreciation of HKD 188 thousand during the period[32] - The company's total other receivables, including deposits, prepayments, and amounts due from an investee company, amounted to HKD 2,677 thousand as of September 30, 2024[36] Share Capital and Ownership - The company's share capital remained unchanged at HK$4.93 million during the period[10] - The company has issued 493,000 ordinary shares with a par value of HKD 0.01 each, totaling HKD 4,930 thousand[62] - New Energy Business Cluster Company Limited, controlled by Mr. Zhou Renchao, holds 53.93% of the company's issued share capital[75] - New Energy Business Cluster Company Limited holds 265,865,000 shares, representing 53.93% of the issued share capital[79] - Zhou Renchao holds 15% equity in New Energy Business Cluster Company Limited, which owns 85% of the company's issued share capital, totaling 53.93%[79] - The company's share option plan allows for the issuance of up to 41,800,000 shares, representing approximately 10% of the issued share capital at the time of plan adoption[83] - The total number of shares that can be issued under all share option plans must not exceed 30% of the issued share capital at the time of update[85] - No share options have been granted under the share option plan since its adoption[87] Legal and Compliance - The company is involved in a legal dispute over an alleged debt of approximately HKD 5.8 million, including principal and interest[50] - The company is involved in ongoing litigation with a claim of HKD 5,830,000 related to alleged debts and bonds, with a case management hearing scheduled for October 15, 2024[72] - The company failed to comply with GEM Listing Rules regarding the minimum number of independent non-executive directors and audit committee members[91] - The company's unaudited interim financial results were reviewed by the audit committee, which consists of three independent non-executive directors[95] Business Strategy and Operations - The company plans to expand its business coverage to mainland China and explore opportunities in the new energy sector[65] - The company is focusing on cost reduction, negotiating with subcontractors, and closely monitoring receivables to mitigate risks[65] - The company had 20 employees as of September 30, 2024, down from 27 in 2023, with total employee and director remuneration of HKD 5,300,000[70] Dividends and Share Transactions - The company did not declare any dividends for the six months ended September 30, 2024, consistent with the previous year[25] - The company did not purchase, sell, or redeem any listed securities during the period[93] Significant Events - No significant events affecting the company's business or financial performance were reported after September 30, 2024[63]

Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 15,510,000, an increase of 16.5% compared to HKD 13,292,000 for the same period in 2023[7] - The gross profit for the same period was HKD 4,182,000, up 13.6% from HKD 3,682,000 year-on-year[7] - The company incurred a loss before tax of HKD 281,000, slightly higher than the loss of HKD 271,000 in the previous year[7] - Basic loss per share for the period was HKD 0.06, compared to HKD 0.05 for the same period last year[7] - The company reported a loss attributable to owners of the company of HKD 281 thousand for the six months ended September 30, 2024, compared to a loss of HKD 271 thousand in the same period of 2023[27] - The group recorded a net loss attributable to the owners of approximately HKD 300,000 for the current period, consistent with the loss reported in 2023[68] Assets and Liabilities - Total assets as of September 30, 2024, were HKD 5,390,000, down from HKD 5,942,000 as of March 31, 2024[9] - Current liabilities amounted to HKD 11,258,000, a decrease from HKD 15,305,000 as of March 31, 2024[9] - The company's total equity attributable to owners decreased to HKD (1,269,000) from HKD (988,000) as of March 31, 2024[9] - The company's cash and cash equivalents at the end of the period were HKD 2,352 thousand, a decrease from HKD 6,108 thousand at the end of the same period in 2023[13] - As of September 30, 2024, the group's net current liabilities were approximately HKD 6,700,000, with cash and bank balances of about HKD 2,400,000[70] Cash Flow - For the six months ended September 30, 2024, the net cash used in operating activities was HKD (2,451) thousand, a significant decrease from HKD 105 thousand in the same period of 2023[13] - The net cash used in financing activities was HKD (35) thousand, compared to HKD 2,044 thousand in the previous year, indicating a substantial reduction in financing cash flow[13] - The total cash and cash equivalents decreased by HKD 2,486 thousand, down from an increase of HKD 2,150 thousand in the prior year[13] Expenses - Administrative expenses increased to HKD 4,428,000 from HKD 4,071,000 year-on-year[7] - The total employee and director remuneration for the current period was approximately HKD 5,300,000, down from HKD 6,100,000 in 2023, with a total of 20 employees as of September 30, 2024[71] Receivables and Payables - Trade receivables from third parties decreased to HKD 6,479,000 as of September 30, 2024, from HKD 10,986,000 as of March 31, 2024, reflecting a reduction of 41%[37] - The aging analysis of trade receivables shows that amounts overdue by more than 180 days increased to HKD 2,150,000 as of September 30, 2024, compared to HKD 2,123,000 as of March 31, 2024[39] - Total trade and other payables were HKD 9,998,000 as of September 30, 2024, down from HKD 13,968,000 as of March 31, 2024, representing a decrease of 28%[43] - The company had no trade payables to third parties as of September 30, 2024, compared to HKD 2,238,000 as of March 31, 2024[44] Corporate Governance - The company has complied with all corporate governance code provisions, except for the requirement of having at least three independent non-executive directors[92] - The financial results were reviewed by the company's audit committee, composed of three independent non-executive directors[96] - The report was issued on November 29, 2024, indicating the company's ongoing commitment to transparency[96] Future Outlook and Strategy - The company has not provided specific guidance for future performance or new product developments in the current report[6] - The group plans to expand its business into new regions, including mainland China, and diversify into sectors such as the renewable energy industry[66] - The company is focused on the development of new energy technologies, aligning with market trends[97] - Future outlook includes potential market expansion strategies to enhance growth[97] - The company is exploring mergers and acquisitions to strengthen its market position[97] - New product development initiatives are underway to meet evolving consumer demands[97] Share Capital and Options - The company has a share option plan that allows for the issuance of up to 41,800,000 shares, accounting for about 10% of the issued share capital at the time of adoption[84] - The total number of shares that can be issued under the share option plan cannot exceed 30% of the issued shares at the time of any update[86] - The company has not granted any share options since the adoption of the plan[88] Miscellaneous - The company has not identified any significant events related to its business or financial performance after the reporting period ending September 30, 2024[64] - The company did not recommend any dividend for the six months ended September 30, 2024, consistent with the previous year where no dividend was declared[26] - The company continues to apply the same accounting policies and methods of computation as in the previous financial year, ensuring consistency in financial reporting[19] - The group has not engaged in any fundraising activities during the current period[74] - The group has no foreign exchange risk as its revenue and business costs are primarily denominated in HKD[71]

Financial Performance - For the year ended March 31, 2024, the Group recorded a revenue decrease of approximately HK$14.7 million or 32.4%, totaling approximately HK$30.7 million compared to the previous financial year[19] - The Group achieved a gross profit margin of approximately 21.2% for the year, an increase from approximately 15.5% in the previous year[19] - The Group recognized a loss of approximately HK$4.9 million for the year, compared to a loss of approximately HK$4.6 million for the year ended March 31, 2023[20] - The decrease in revenue was primarily due to contributions from projects with relatively small contract sums[19] - The Group's performance reflects the challenges faced in the current business environment, impacting revenue generation[20] - The Group's revenue decreased by approximately HK$14.7 million or 32.4% from approximately HK$45.4 million for the year ended March 31, 2023, to approximately HK$30.7 million for the year ended March 31, 2024[29] - The Group recorded a net loss of approximately HK$4.9 million for the year ended March 31, 2024, compared to a loss of approximately HK$4.6 million for the previous year, representing an increase of approximately 6.5%[39] - General and administrative expenses decreased by approximately HK$0.4 million or 3.5% to approximately HK$11.1 million for the year ended March 31, 2024[38] Cash Position and Liabilities - As of March 31, 2024, the Group had net current liabilities of approximately HK$6.8 million, compared to approximately HK$0.7 million in the previous year[44] - The current ratio decreased to approximately 0.7 times as of March 31, 2024, down from approximately 0.9 times in the previous year[44] - The total equity attributable to owners of the Company amounted to approximately HK$1.0 million deficit as of March 31, 2024, compared to approximately HK$3.9 million deficit in the previous year[45] - The group's cash and cash equivalents as of March 31, 2024, were approximately HKD 4,800,000, compared to approximately HKD 4,000,000 in 2023[49] - The current ratio as of March 31, 2024, was approximately 0.7, down from approximately 0.9 in 2023, primarily due to an increase in trade and other payables[49] Staffing and Recruitment - The proceeds from the Group's listing on GEM on December 12, 2016, have strengthened its cash position, enabling recruitment of additional professional staff[18] - The Group aims to provide services to both existing and new customers through enhanced staffing[18] - Total staff and Directors' remuneration decreased to approximately HK$14.3 million for the year ended March 31, 2024, down from approximately HK$16.6 million in the previous year[46] - The Group continues to provide competitive remuneration to retain its professional team and recruit suitable talent[165] Corporate Governance - The company complied with all corporate governance code provisions throughout the year, except for certain deviations related to board composition[62][67] - The board currently comprises three executive directors and three independent non-executive directors[70] - The board held a total of 8 meetings during the year ended March 31, 2024, to review financial results and strategic direction[89] - The company has appointed three independent non-executive directors, representing at least one-third of the board, ensuring compliance with GEM Listing Rules[82] - The board is collectively responsible for promoting the success of the group and maximizing long-term shareholders' interests while balancing broader stakeholder interests[88] - The company has implemented a board diversity policy that considers various factors including gender, age, and professional experience[78] - The nomination committee is responsible for reviewing the board diversity policy and monitoring its implementation[80] - The Company has established a Nomination Policy outlining principles, criteria, and procedures for selecting and assessing Board candidates[120] Risk Management and Internal Control - The Group emphasizes sound risk management as essential for long-term growth, with management responsible for maintaining an effective internal control system[152] - The Audit Committee and the Board confirmed the effectiveness of the risk management and internal control systems, with no significant issues identified[173] - The management will closely monitor credit and liquidity risks related to major financial instruments[166] - The Group's interest rate risk is primarily related to interest-bearing borrowings, with no derivative contracts currently used for hedging[167] Dividend Policy - The Company has adopted a dividend policy that outlines principles for declaring and distributing profits as dividends to shareholders[187] - In determining proposed dividends, the Board considers factors such as general market conditions, financial performance, liquidity position, and future development plans[191] - Final dividends declared must be approved by an ordinary resolution of the shareholders at the AGM and cannot exceed the amount recommended by the Board[193] - The Board may pay interim and/or special dividends based on the profits and/or asset levels of the Group, with no assurance of specific amounts for any period[194] - The Company’s dividend policy is subject to the laws and regulations of the Cayman Islands and requires shareholder approval at the annual general meeting[197] Shareholder Communication - The Company maintains high transparency to enhance investor relations, committing to timely disclosure of corporate information[184] - Shareholders are encouraged to communicate with the Board through various channels, including attending AGMs and EGMs[181] - The Company has established procedures for handling inside information to ensure compliance with the Securities and Futures Ordinance[182] - The Company’s Articles and relevant documents are published on the Stock Exchange and the Company’s website[186]

Financial Performance - For the fiscal year ending March 31, 2024, the company's revenue was approximately HKD 30,700,000, a decrease of about 32.4% compared to HKD 45,400,000 in the same period of 2023[4] - The net loss for the fiscal year was approximately HKD 4,900,000, an increase of about 6.5% from a net loss of HKD 4,600,000 in 2023[4] - The gross profit for the fiscal year was HKD 6,499,000, compared to HKD 7,049,000 in the previous year[5] - The company recorded a loss of approximately HKD 4,852,000 for the year ended March 31, 2024, compared to a loss of HKD 4,644,000 in the previous year[30] - The company reported a basic and diluted loss per share of HKD 0.98 for the fiscal year ending March 31, 2024, compared to HKD 0.94 in the previous year[5] - The group reported a basic loss per share of HKD 0.98 for 2024, compared to HKD 0.94 in 2023, indicating a slight increase in losses[51] - The gross profit margin improved to approximately 21.2% for the year ended March 31, 2024, compared to approximately 15.5% for the year ended March 31, 2023[69] Dividends and Share Capital - The board of directors did not recommend any dividend payment for the fiscal year ending March 31, 2024, consistent with the previous year[4] - The group did not declare any dividends for the year ending March 31, 2024, consistent with the previous year[53] - The company's issued share capital remained stable at HKD 4,930,000 for both 2023 and 2024, indicating no changes in share structure[27] Assets and Liabilities - As of March 31, 2024, the company's current liabilities exceeded current assets by approximately HKD 6,750,000, indicating a negative net current liability position[30] - Total assets decreased from HKD 15,305,000 in 2023 to HKD 12,286,000 in 2024, reflecting a decline in financial health[30] - The total equity attributable to the owners of the company was approximately a loss of HKD 1,000,000 as of March 31, 2024, compared to equity of approximately HKD 3,900,000 in the previous year[71] Income and Expenses - The company recorded a decrease in other income from HKD 924,000 in 2023 to HKD 293,000 in 2024[5] - Total employee costs for 2024 amounted to HKD 14,345,000, down 13.8% from HKD 16,642,000 in 2023[45] - General and administrative expenses decreased to approximately HKD 11,100,000 for the year ended March 31, 2024, from approximately HKD 11,500,000 in the previous year, a reduction of about HKD 400,000 or 3.5%[70] - Other income for 2024 was HKD 293,000, a decrease of 68.3% from HKD 924,000 in 2023, primarily due to the absence of government subsidies[41] Cash Flow and Financing - The company has an available undrawn loan facility of approximately HKD 8,108,000 as of March 31, 2024[15] - The company has obtained a credit facility of up to HKD 10,000,000 to address potential liquidity gaps, with an available amount of approximately HKD 8,108,000 as of March 31, 2024[32] - The company's cash and bank balances rose from HKD 3,958,000 in 2023 to HKD 4,838,000 in 2024, suggesting better liquidity management[30] - The financing costs for the group included interest on term loans of HKD 78,000 and lease liabilities of HKD 53,000, totaling HKD 131,000 for 2024[44] Operational Insights - The company is implementing various cost control measures to reduce operating costs and has policies in place to increase revenue[32] - The company plans to expand its range of construction-related services and explore new business opportunities in mainland China to enhance its revenue base[68] - The company has not provided any credit terms to its customers[7] Corporate Governance and Compliance - The company has complied with all corporate governance codes except for certain deviations related to independent directors and committees[92] - The audit committee consists of three independent non-executive directors and has reviewed the consolidated financial statements for the year ending March 31, 2024, recommending approval to the board[102] - Management is actively working to resolve the auditor's qualified opinion regarding other borrowings, with a court hearing scheduled for October 15, 2024[104] Market and Trading Status - The company’s shares were suspended from trading on July 3, 2023, and it has applied for resumption of trading on June 4, 2024[81] - The group operates solely within Hong Kong, with all external revenues generated from services provided in the region[38]

Corporate Governance - The Board held 8 meetings during the fiscal year ending March 31, 2023, to determine strategic direction and approve financial performance[6]. - The Audit Committee reviewed the Group's quarterly reports, interim report, and audited annual results for the year ended March 31, 2023[13]. - The Remuneration Committee is responsible for recommending overall remuneration policy and structure for all Directors and senior management, ensuring no Director determines their own remuneration[18]. - The Company has established three committees: Audit Committee, Nomination Committee, and Remuneration Committee to maintain high standards of corporate governance[13]. - The Audit Committee comprises three independent non-executive Directors, chaired by Ms. Lai Pik Chi, Peggy[13]. - The Company has a structured approach to corporate governance, ensuring compliance with GEM Listing Rules and other regulatory requirements[7]. - The Company has adopted amended articles of association effective from October 3, 2022[39]. - The Company has complied with all code provisions set out in the Corporate Governance Code throughout the year ended March 31, 2023, except for certain deviations noted in the report[93]. - The Company is committed to high standards of corporate governance to protect shareholder interests and assets[123]. Financial Performance - The Group's financial performance for the year ended 31 March 2023 includes an increase in auditor remuneration to approximately HK$550,000 from HK$520,000 in 2022[55]. - The Group's financial results for the year ended March 31, 2023, are detailed in the consolidated financial statements, with no final dividend recommended for the year (2022: Nil)[77]. - The Group's commitment to talent development includes competitive remuneration packages and career advancement opportunities[77]. - The Group's financial performance and liquidity have been assessed, revealing potential uncertainties regarding its ability to continue as a going concern[160]. - The Group recognized impairment losses of HK$21,000 during the year on contract assets[152]. - The total amount of contract liabilities at the end of the reporting period was zero, down from HK$276,000 at the beginning of the previous year[134]. - The Group's trade receivables aged analysis as of March 31, 2023, shows a total of HK$3,912,000, down from HK$7,051,000 in 2022, indicating a decrease of approximately 44%[183]. - The Group does not allow any credit period to its customers, which may impact cash flow management[184]. - The Group's outstanding balance due from the ultimate holding company was HK$12,000 as of March 31, 2022[148]. - The Group has obtained interest-bearing borrowing facilities from a financial institution amounting to HK$10,000,000 to address potential liquidity shortfalls[160]. Risk Management - The Audit Committee and Board found no significant issues affecting the effectiveness of the Group's risk management and internal control systems[33]. - The Board believes that the risk management and internal control system of the Group is adequate and effective, with ongoing assessments planned[59]. - The Group's compliance risks include non-compliance with safety, health, and environmental ordinances[33]. - The Group's strategic risks include maintaining a competitive edge and managing customer expectations, with ongoing efforts to mitigate these risks[59]. - The Group has implemented various cost control measures to enhance revenue and manage operational costs[160]. - The Company faced a statutory demand for an alleged debt totaling approximately HK$5,830,000, which could lead to a winding-up petition if not settled[136]. Shareholder Communication - The Company encourages shareholders to communicate through various channels and attend meetings for direct inquiries[34]. - The Company will issue a circular to shareholders providing information on candidates nominated for election at the annual general meeting[16]. - The Directors and Chief Executives had no interests or short positions in the Shares or debentures of the Company as of March 31, 2023[85]. - The Company did not enter into any connected transactions requiring reporting or independent shareholders' approval during the year ended March 31, 2023[119]. Environmental and Social Responsibility - The Group has adopted environmental protection policies to minimize potential adverse impacts on the environment, including reducing paper consumption and shutting down unused electronic equipment[77]. - The Company has a focus on environmental policies and stakeholder relationships as part of its operational strategy[77]. - The Group continues to engage in new projects with major customers and subcontractors, maintaining long-term healthy relationships[77]. - The Group did not make any donations during the year ended March 31, 2023, compared to nil in 2022[111]. Business Operations - The Group primarily engages in providing comprehensive architectural and structural engineering consultancy services[76]. - The management team includes experienced directors with over 15 years in enterprise management and technology industries[71]. - The company has a focus on developing new energy battery technology and blockchain technology[71]. - The Group aims to diversify its customer bases and maintain competitiveness by providing training on the latest developments in industry innovation and operation[59]. - The Group continues to seek opportunities to recruit suitable talent to capture more business opportunities[60]. - The Company has undergone a group reorganization to rationalize its structure for better operational efficiency[76]. Revenue Recognition - The Group recognizes revenue when it satisfies a performance obligation by transferring a promised good or service to a customer[198]. - Revenue is recognized over time if the customer simultaneously receives and consumes the benefits provided by the Group's performance[199]. - For contracts with variable consideration, the Group estimates the amount of consideration to which it will be entitled using either the expected-value or the most-likely amount method[199]. - The principal input applied in input methods for revenue recognition is labor hours and/or third-party costs incurred[199]. - The Group applies the input method to measure progress towards complete satisfaction of performance obligations when reliable information is available[199].