中國卓銀國際控股有限公司 2020 第一季度 業績報告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM 之定位乃為相比起其他在聯交所上市之公司帶有較高投資風險之公司提供一個上市 之市場。有意投資者應了解投資於該等公司之潛在風險，並應經過審慎周詳之考慮後方作 出投資決定。GEM 之較高風險及其他特色意味著GEM 較適合專業及其他資深投資者。 由於GEM 上市公司新興之性質使然，在GEM 買賣之證券可能會較於聯交所主板買賣之證 券承受較大之市場波動風險，同時無法保證在GEM 買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本報告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 本報告包括的資料乃遵照GEM 證券上市規則（「GEM 上市規則」）的規定而提供有關中國卓 銀國際控股有限公司（「本公司」）的資料。本公司董事（「董事」）願就本報告共同及個別承 擔全部責任。董事在作出一切合理查詢後確認，就彼等所知及所信，本報告所載的資料在各 重大方面均屬準確完整，且無誤導或欺騙成份，亦無遺漏其他 ...

Financial Performance - The group's revenue for the fiscal year ending March 31, 2020, decreased by approximately HKD 16,000,000 or 34.9% to about HKD 29,800,000[10] - The group reported a gross loss margin of 19.2% for the fiscal year ending March 31, 2020, compared to a gross profit margin of 11.3% for the previous fiscal year[10] - The group confirmed a loss of approximately HKD 34,300,000 for the fiscal year ending March 31, 2020, compared to a loss of about HKD 5,200,000 for the previous fiscal year[11] - The increase in losses was primarily due to a rise in losses from associated companies by approximately HKD 2,500,000 and one-time expenses increasing by about HKD 12,200,000[11] - General and administrative expenses increased by approximately HKD 3,100,000 during the fiscal year ending March 31, 2020[11] - The decrease in revenue was mainly attributed to the completion of a design and construction project in 2019, which did not contribute to revenue in 2020[10] - The company's total revenue for the fiscal year ended March 31, 2020, was approximately HKD 29,800,000, a decrease of HKD 16,000,000 or 34.9% compared to HKD 45,800,000 in the previous year[17] - The net loss attributable to the company's owners for the fiscal year was approximately HKD 34,300,000, an increase of HKD 29,100,000 compared to a loss of HKD 5,200,000 in the previous year[21] - General and administrative expenses totaled approximately HKD 13,600,000, an increase of HKD 3,100,000 or 29.5% from HKD 10,500,000 in the previous year[20] Corporate Governance - The board consists of 2 executive directors and 3 independent non-executive directors, ensuring compliance with GEM listing rules[36] - The company achieved a gender ratio of 40:60 for female to male board members as of March 31, 2020, promoting diversity[44] - The board held 14 meetings during the fiscal year ending March 31, 2020, to review financial performance and strategic decisions[48] - The company has adopted a board diversity policy to enhance performance and ensure sustainable development[39] - All directors confirmed compliance with the trading standards set forth in GEM listing rules for the fiscal year ending March 31, 2020[35] - The company has established appropriate insurance coverage for legal actions against directors[38] - Independent non-executive directors constitute at least one-third of the board, ensuring adherence to financial reporting standards[45] - The company has implemented a continuous professional development plan for directors to keep them informed of operational and regulatory updates[53] - The board is responsible for leading and controlling the company, aiming to maximize long-term shareholder value[47] - The company has a structured approach to evaluate board diversity, considering factors such as gender, age, and professional experience[42] - The company has not adopted the corporate governance code A.2.1, which states that the roles of the chairman and CEO should be separate and clearly defined in writing[56] - Currently, the company does not have a chairman or CEO, with daily operations managed by executive directors and senior management[57] - The audit committee has been established and consists of three independent non-executive directors, with a total of four meetings held in the fiscal year ending March 31, 2020[64] - The nomination committee, also composed of three independent non-executive directors, held one meeting during the fiscal year and reviewed the board's structure and composition[65] - The company has adopted a nomination policy outlining the principles and procedures for selecting and evaluating board candidates[66] - The independent non-executive directors are appointed for an initial term of three years, subject to re-election at the annual general meeting[60] - The executive directors have service contracts without a fixed term, with a notice period of at least three months for termination[59] - The audit committee is responsible for reviewing the company's financial statements and overseeing the financial reporting system[64] - The company plans to elect a new chairman at an appropriate time[58] - The board has established an audit committee, nomination committee, and remuneration committee to maintain high standards of corporate governance[61] - The remuneration committee has reviewed and made recommendations regarding the compensation of the group's directors and senior management for the year ended March 31, 2020[71] - The remuneration committee held one meeting during the year ended March 31, 2020[71] - The board is responsible for establishing and reviewing corporate governance policies and practices[75] - The company has received annual confirmations from certain directors regarding compliance with non-competition agreements, with no violations reported[78] - The board believes that the risk management and internal control systems are adequate and effective as of March 31, 2020[84] - Management provides quarterly financial updates to the board, ensuring timely information on the company's performance and outlook[83] - The company has established a remuneration committee composed of three independent non-executive directors[71] - The board has not identified any significant uncertainties that may cast doubt on the company's ability to continue as a going concern[80] - The company will continue to assess and revise its risk management and internal control systems as necessary[84] Environmental and Social Responsibility - The company is primarily engaged in providing construction consulting services in Hong Kong, with a focus on low energy and resource consumption[98] - The board believes that the group's direct impact on the environment during daily operations is minimal[99] - The company is committed to enhancing environmental protection and fulfilling social responsibilities[99] - The report covers the fiscal year ending March 31, 2020, focusing on the operations related to construction consulting services[102] - The report adheres to the Hong Kong Stock Exchange's guidelines on environmental, social, and governance reporting, emphasizing principles of materiality, quantification, balance, and consistency[103] - The company has engaged an independent consultant, Sejong CPA & Company, to assist in preparing the report[103] - The greenhouse gas emissions from electricity consumption amounted to 44,132 tons of CO2 equivalent for the fiscal year 2020, with a density of 1.48 tons per HKD 29.8 million in operating revenue[111] - Paper consumption reached 316.86 kg for the fiscal year 2020, with a density of 10.63 kg per HKD 29.8 million in operating revenue[111] - The company has implemented energy-saving measures, including maintaining comfortable indoor temperatures and turning off idle lights and equipment[110] - The company has complied with all applicable environmental laws and regulations during the reporting period[109] - The company has not received any significant complaints during the reporting period and has strictly complied with all applicable laws and regulations regarding service quality and safety[131] - The company has implemented anti-corruption procedures and maintains high standards of business ethics, with no recorded cases of corruption during the reporting period[136] - The company is committed to community investment, focusing on supporting reputable non-profit organizations that assist impoverished elderly individuals and improve education for children from low-income families[137] - The company has adhered to environmental performance indicators, including compliance with waste management and resource efficiency policies[145] - The total amount of non-hazardous waste generated is reported as zero, indicating effective waste management practices[145] - The company has implemented energy efficiency plans and has reported compliance with energy consumption metrics[148] - The company has not faced significant issues regarding water usage, indicating effective resource management[148] - The company has taken necessary measures to prevent infringement of its intellectual property rights[131] - The company has complied with employment and labor standards, including policies on compensation, recruitment, and equal opportunities[150] - The company has adhered to health and safety regulations, ensuring a safe working environment for employees[150] - The company has implemented training policies to enhance employee skills and knowledge[150] - The company has established policies to prevent child and forced labor, complying with relevant standards[150] - The company has managed environmental and social risks in its supply chain effectively[150] - The company has policies in place to ensure product safety and compliance with advertising and privacy regulations[153] - The company has adhered to anti-corruption principles, including measures against bribery and fraud[153] - The company is considering developing a future community investment policy to address community needs[153] Future Plans and Development - The company plans to expand its range of construction-related services and actively seek new business opportunities to lay the foundation for long-term development[15] - The company aims to reduce risk exposure by negotiating with subcontractors, cutting costs, and closely monitoring receivables due to the uncertain impact of COVID-19[16] - The company aims to enhance its position in the Hong Kong construction services industry to achieve sustainable business growth and long-term shareholder value[181] - The company plans to improve its order-taking capabilities through investor networks prior to the IPO and by upgrading recruitment plans and computer systems and software[184] - The net proceeds from the placement transactions amount to approximately HKD 25,100,000, with about HKD 2,500,000 allocated for general operating funds, including HKD 900,000 for director remuneration and employee salaries, and HKD 1,600,000 for compliance and professional fees[186] - Approximately HKD 6,500,000 has been used to pay salaries for newly hired employees to support business expansion, and about HKD 5,700,000 has been allocated for the purchase of new properties, factories, and equipment, as well as the development and upgrade of BIM systems[186] - Since the IPO, the company has hired an additional 16 employees to enhance order-taking capabilities[185] - The company is currently developing construction-related systems and other support systems to improve project management and service delivery efficiency, with these systems still in the development phase[185] - The company continues to seek valuable opportunities despite risks associated with general market conditions, including interest rate, political, and supply-demand risks[185] - The board of directors and senior management are committed to providing high-level services to clients[185] - The company plans to maintain the intended use of proceeds as disclosed in the prospectus without any changes[186] - The company has not made any donations during the fiscal year ending March 31, 2020[194] - There are no significant contracts with the controlling shareholder during the fiscal year ending March 31, 2020, apart from those disclosed in the prospectus[194] - The annual general meeting is scheduled for September 25, 2020, with a suspension of share transfer registration from September 22 to September 25, 2020[199] - The company’s directors and senior management hold a total of 194,800,000 shares, representing approximately 46.60% of the issued share capital[200] - Energetic Way Limited, controlled by the directors, holds 196,000,000 shares, with each director owning 50%[200] - Both directors have a beneficial interest in 2 shares of Energetic Way Limited, representing 100% ownership[200]

Financial Performance - For the three months ended December 31, 2019, the company reported a revenue of HKD 7,121,000, a decrease of 37.5% compared to HKD 11,466,000 in the same period of 2018[5] - The gross loss for the three months ended December 31, 2019, was HKD 3,342,000, compared to a gross profit of HKD 3,165,000 in the same period of 2018[5] - The loss before tax for the three months ended December 31, 2019, was HKD 16,945,000, compared to a profit before tax of HKD 1,127,000 in the same period of 2018[5] - The net loss attributable to owners of the company for the three months ended December 31, 2019, was HKD 16,839,000, compared to a profit of HKD 758,000 in the same period of 2018[5] - For the nine months ended December 31, 2019, the total comprehensive loss was HKD 18,678,000, compared to a total comprehensive income of HKD 1,988,000 in the same period of 2018[5] - Total revenue for the nine months ended December 31, 2019, was approximately HKD 21,900,000, a decrease of HKD 20,100,000 or 47.9% compared to HKD 42,000,000 for the same period in 2018[27] - The company recorded a net loss attributable to owners of approximately HKD 18,700,000 for the nine months ended December 31, 2019, compared to a profit of HKD 2,000,000 in 2018[32] Expenses - The company incurred an administrative expense of HKD 13,475,000 for the three months ended December 31, 2019, significantly higher than HKD 2,112,000 in the same period of 2018[5] - Administrative expenses for the nine months ended December 31, 2019, totaled approximately HKD 18,600,000, an increase from HKD 7,300,000 in 2018, mainly due to provisions for bad debts[28] - The income tax expense for the nine months ended December 31, 2019, was approximately zero, a decrease from HKD 1,000,000 in 2018, consistent with the reduction in taxable profits[31] Shareholder Information - As of December 31, 2019, the company had 418,000,000 shares issued, with Energetic Way Limited holding 194,800,000 shares, representing 46.60% of the issued share capital[45][49] - Major shareholder Kuo Yueh Hsien held 83,624,000 shares, accounting for 20.01% of the issued share capital as of December 31, 2019[47] - The board of directors and senior management had no other recorded interests in shares or related securities as of December 31, 2019[51] Corporate Governance - The company is committed to high standards of corporate governance to protect shareholder interests and enhance corporate value[63] - The company has complied with the corporate governance code provisions, except for the separation of roles between the chairman and the chief executive officer as required by the code[65] - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited consolidated results for the nine months ending December 31, 2019, ensuring compliance with applicable accounting standards and legal requirements[67] Business Operations - The company primarily engages in providing comprehensive construction and structural engineering consultancy services[10] - The company plans to expand its business scope and service coverage to establish a foundation for long-term development, despite challenges posed by recent social events and the coronavirus outbreak[24] - The company has been awarded contracts totaling HKD 22,000,000, but the projects are currently suspended, impacting revenue recognition[24] Financial Position - The total equity of the company as of December 31, 2019, was HKD 26,634,000, down from HKD 52,455,000 as of December 31, 2018[7] - As of December 31, 2019, the company's current assets net value was approximately HKD 19,400,000, down from HKD 39,900,000 as of March 31, 2019[33] - The current ratio as of December 31, 2019, was approximately 2.7 times, a decrease from 9.4 times as of March 31, 2019[33] Stock Options and Securities - The maximum number of shares that can be issued under the stock option plan is 41,800,000 shares, accounting for approximately 10% of the company's issued share capital as of the plan's adoption date[55] - The total number of shares issued and to be issued due to the exercise of stock options within any twelve-month period cannot exceed 1% of the total issued shares at that time[56] - As of the report date, the company has not granted any stock options since the adoption of the plan[57] - The company has not purchased, sold, or redeemed any listed securities during the nine months ending December 31, 2019[62] Risk Management - The group reported minimal foreign exchange risk as its revenue and business costs are primarily denominated in HKD, leading to no hedging financial instruments being utilized[37] - As of December 31, 2019, there were no significant contingent liabilities noted by the directors[38] - The group had no mortgages arranged with any financial institutions in Hong Kong as of December 31, 2019, consistent with the previous year[36] Employee Compensation - Total employee and director compensation for the nine months ended December 31, 2019, was approximately HKD 14,000,000, showing a slight increase from HKD 13,800,000 in 2018[34] Dividends - The company does not recommend the payment of an interim dividend for the nine months ended December 31, 2019[20]

中國卓銀國際控股有限公司 股份代號：8039 2019 中期報告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM 之定位，乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提供一 個上市之市場。有意投資之人士應了解投資於該等公司之潛在風險，並應經過審慎周詳之 考慮後方作出投資決定。 由於GEM 上市公司一般為中小型公司，在GEM 買賣之證券可能會較於聯交所主板買賣之 證券承受較大之市場波動風險，同時無法保證在GEM 買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及香港聯合交易所有限公司對本報告內容概不負責，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報告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。 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 中國卓銀國際控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）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 分， ...

Financial Performance - Revenue for the three months ended June 30, 2019, was HKD 7,135,000, a decrease of 50.8% compared to HKD 14,490,000 for the same period in 2018[5] - Gross profit for the same period was HKD 2,704,000, down 29.5% from HKD 3,836,000 year-on-year[5] - Profit before tax decreased to HKD 254,000, a decline of 81.8% from HKD 1,396,000 in the previous year[5] - Net profit attributable to owners of the company was HKD 125,000, down 88.5% from HKD 1,083,000 in the same quarter of 2018[5] - Basic and diluted earnings per share were 0.03 cents, compared to 0.26 cents for the same period last year[5] - Total comprehensive income for the period was HKD 125,000, significantly lower than HKD 1,083,000 in the same quarter of 2018[5] Expenses and Assets - Administrative expenses were HKD 2,524,000, slightly decreased from HKD 2,546,000 in the previous year[5] - As of June 30, 2019, the company's current assets net amounted to approximately HKD 41.2 million, up from HKD 29.9 million as of March 31, 2019[32] - The income tax expense for the three months ended June 30, 2019, was approximately HKD 0.1 million, a decrease from HKD 0.3 million in 2018[30] - The company reported a total equity of HKD 45,437,000 as of June 30, 2019, compared to HKD 51,550,000 a year earlier[7] - The company’s capital as of June 30, 2019, amounted to approximately HKD 45.4 million, an increase from HKD 42.9 million as of March 31, 2019[32] Business Operations - The company operates primarily in Hong Kong, with all revenue generated from this region[15] - The company continues to focus on providing comprehensive construction and structural engineering consultancy services[10] - The company plans to expand its business scope and service coverage to capture new market opportunities for long-term development[25] - The company does not recommend the payment of an interim dividend for the three months ended June 30, 2019[21] Shareholding Structure - As of June 30, 2019, the company had 418,000,000 shares issued, with 194,800,000 shares (46.60%) held by Energetic Way Limited, controlled equally by Mr. Pan and Ms. Chan[46][48] - Major shareholder Energetic Way Limited holds 194,800,000 shares, representing 46.60% of the issued share capital[48] - Mr. Ke holds 83,624,000 shares, accounting for 20.01% of the issued share capital[48] - Mr. Zhang and Ms. Wang each hold 24,000,000 shares, representing 5.74% of the issued share capital[48] - The percentage of shares held by directors and senior management is based on the total issued shares as of June 30, 2019[46] Stock Options and Corporate Governance - The company has a stock option plan effective from December 12, 2016, allowing for the issuance of up to 41,800,000 shares, which is approximately 10% of the issued share capital at the time of adoption[56] - The stock option plan is designed to incentivize employees and other qualified participants[54] - The company has not granted any stock options since the adoption of the stock option plan[60] - The company has established an audit committee consisting of three independent non-executive directors to review and supervise the financial reporting process and internal control systems[69] - The company has adhered to the corporate governance code as per GEM listing rules throughout the reporting period[66] - The company is committed to high standards of corporate governance to protect shareholder interests and enhance corporate value[66] Compliance and Interests - The company is subject to the disclosure requirements under the Securities and Futures Ordinance[53] - There were no interests held by directors, major shareholders, or their associates in any business that competes directly or indirectly with the company as of June 30, 2019[62] - The company has not issued any stock options exceeding the limit set by the stock option plan without shareholder approval[59] - The company’s board of directors has confirmed compliance with trading standards during the reporting period[63] - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the three months ending June 30, 2019[65] - The company has not established a CEO position; daily operations are overseen by executive directors and senior management[67] - The company and its subsidiaries did not engage in any arrangements that would allow directors to benefit from purchasing shares or debentures of the company or any other corporate entity[61] - No other individuals or entities, apart from those disclosed, hold any recorded interests in the company's shares as of June 30, 2019[52]

KNK Holdings Limited 中 國卓銀國際控股有限公司 Annual Report 2019 年報 中國卓銀國際控股有限公司 股份代號：8039 2019 年 報 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位乃為相比起其他在聯交所上市之公司帶有較高投資風險之公司提供一個上市之市場。有意投資 者應了解投資於該等公司之潛在風險，並應經過審慎周詳之考慮後方作出投資決定。GEM之較高風險及其 他特色意味著GEM較適合專業及其他資深投資者。 由於GEM上市公司新興之性質使然，在GEM買賣之證券可能會較於聯交所主板買賣之證券承受較大之市 場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表任何聲明， 並明確表示，概不對因本報告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本報告包括的資料乃遵照GEM證券上市規則（「GEM上市規則」）的規定而提供有關中國卓銀國際控股有限 公司（「本公司」）的資料。本公司董事（「董事」）願就本報告共同及個別承擔全部責任。董事在作出一切合理 查 ...

中國卓銀國際控股有限公司 股份代號：8039 2018 第三季度 業績報告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM 之定位乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提供一 個上市之市場。有意投資者應了解投資於該等公司之潛在風險，並應經過審慎周詳之考慮 後方作出投資決定。 由於GEM 上市公司一般為中小型公司，在GEM 買賣之證券可能會較於聯交所主板買賣之 證券承受較大之市場波動風險，同時無法保證在GEM 買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及香港聯合交易所有限公司對本報告內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本報告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。 本報告包括的資料乃遵照聯交所GEM 證券上市規則（「GEM 上市規則」）的規定而提供有關 中國卓銀國際控股有限公司（「本公司」連同其附屬公司，統稱「本集團」）的資料，本公司的 董事（「董事」）願就本報告共同及個別承擔全部責任。董事在作出一切合理查詢後確認，就 彼等所知及所信，本報告所載資料在各重大方面均屬準確完備，且無誤導或欺騙成分，及本 ...