Financial Performance - The group's revenue increased by approximately 32.7% from about HKD 260.5 million in the previous year to approximately HKD 345.6 million, primarily due to increased revenue from large renovation projects [20]. - Gross profit decreased from approximately HKD 21.7 million in the previous year to about HKD 12 million this year, attributed to lower margins on several large renovation projects and cost overruns [20]. - The group recorded a loss attributable to shareholders of approximately HKD 14.5 million, compared to a profit of about HKD 1.2 million in the previous year, mainly due to the decrease in gross profit [20]. - The group's revenue for the fiscal year 2023/24 was approximately HKD 345.6 million, representing an increase of about 32.7% compared to HKD 260.5 million in the previous year [35]. - Revenue from renovation services was approximately HKD 85.8 million, a 3.3% increase from HKD 83 million in the previous year [36]. - The group secured 11 large renovation projects with a total contract value of approximately HKD 480.4 million, contributing about HKD 148.3 million to revenue this year [30]. - The gross profit for the group decreased to approximately HKD 12 million, a decline of about 44.7% from HKD 21.7 million in the previous year, primarily due to lower margins on large renovation projects [39]. - The group recorded a loss attributable to owners of approximately HKD 14,500,000 for the year, compared to a profit of approximately HKD 1,200,000 in the previous year [47]. - As of March 31, 2024, the group had bank balances and cash of approximately HKD 23,300,000, a decrease from HKD 26,300,000 in the previous year, mainly due to net cash used in operating activities of about HKD 27,500,000 [49]. - The group's current ratio improved slightly from approximately 2.3 times as of March 31, 2023, to 2.4 times as of March 31, 2024 [49]. - The capital debt ratio increased significantly from 15.7% as of March 31, 2023, to approximately 70.7% as of March 31, 2024, due to increased interest-bearing borrowings from directors and the ultimate holding company [49]. - The group issued 20,000,000 shares at HKD 0.540 per share, raising net proceeds of approximately HKD 10,644,000, primarily for operational funding [52]. - The labor costs for the group amounted to approximately HKD 39,300,000 for the year, compared to HKD 37,100,000 in the previous year, with a total of 80 employees as of March 31, 2024 [63]. - The group has a total of approximately HKD 10,400,000 in performance guarantees as of March 31, 2024, down from HKD 20,600,000 in the previous year [48]. Business Development and Strategy - The company is exploring opportunities for business diversification, including undertaking mass renovation projects for residential developments, successfully securing several such projects last year [21]. - The demand for high-end private residential renovation services remains strong, and the company will continue to develop in this area [21]. - The group is actively expanding its online and offline market share in Hong Kong and mainland China, as well as in the European and American e-commerce markets [24]. - The group has developed several nano products, including a nano antifouling DIY spray and a nano rust-proof lubricant spray, aimed at enhancing ESG compliance [24]. - The group has obtained an exclusive sales license for a nano photocatalytic antifouling material, which is expected to expand revenue sources in the construction materials market [31]. - The company is focused on developing its Nano-AM application service business segment, indicating a strategic emphasis on technological advancement [68]. - The company has a clear focus on expanding its market presence and enhancing its product offerings through innovation [68][70]. - The company aims to achieve sustainable profit growth while considering the financial health of the business before rewarding shareholders [93]. Governance and Management - The company has a strong leadership team with extensive experience in various sectors, including over 32 years in the renovation industry and over 20 years in artificial intelligence and big data [67][70]. - The board includes independent directors with diverse backgrounds, enhancing governance and oversight capabilities [75][76]. - The company has appointed new executive directors to strengthen its management team, including individuals with significant experience in engineering and technology [70][71]. - The company is actively involved in various committees, ensuring comprehensive oversight in areas such as audit, remuneration, and nominations [75][76]. - The leadership team is committed to business development and operational oversight, which is crucial for future growth [67][68]. - The company has adopted and complied with the corporate governance code as per GEM Listing Rules Appendix C1, ensuring proper governance of business activities and decision-making processes [152]. - The board consists of five executive directors, one non-executive director, and four independent non-executive directors, maintaining a diverse and balanced structure [155]. - The company has committed to providing independent professional advice and resources to directors and committees to assist in fulfilling their duties under the GEM Listing Rules [154]. - The company has established a comprehensive training program for new directors to ensure they understand the business and regulatory responsibilities [172]. - The company has a risk management and internal control procedure overseen by the audit committee, which was established on January 19, 2018 [173]. - The board will review its corporate governance policies and reports annually to ensure compliance with GEM listing rules [195]. Environmental and Social Responsibility - The company received the ISO 14001:2015 certification, recognizing its environmental management system, and will continue to implement ESG initiatives [21]. - The company is committed to environmental sustainability and resource efficiency in its operations [85]. - The group is committed to further developing nano applications in innovative technologies, responding to global environmental trends [24]. Risks and Challenges - The company faces several risks, including reliance on major clients without long-term commitments and potential project delays due to subcontractor performance [97]. - The company has not engaged in any business that competes directly or indirectly with its group during the year [139]. - There are no significant uncertainties regarding events that may question the company's ability to continue as a going concern [199]. Shareholder Information - The major shareholders include Mr. Zheng Zengfu and Ms. Liao Lili, each holding 164,200,000 shares, representing 48.29% of the company [131]. - The total shareholding of Mr. Xu Qitai is 12,800,000 shares, accounting for 3.76% of the company [131]. - The company has maintained a public float of at least 25% of its total issued shares as required by GEM listing rules [141]. - The company will suspend share transfer registration from September 5, 2024, to September 10, 2024, for the annual general meeting [143]. - The current stamp duty rate for share transactions in Hong Kong is 0.1% of the transaction value [144]. - The company is exempt from paying stamp duty on share transfers under current Cayman Islands law [145]. - The company has not entered into any equity-linked agreements that would result in the issuance of shares during the year [102]. - The share option plan aims to attract and retain qualified personnel and provide additional incentives to employees and business partners [126]. - The total number of shares that can be issued under the share option plan is 32,000,000, accounting for 9.4% of the company's issued share capital [126]. - No share options have been granted to eligible participants under the share option plan, and the total number of shares to be issued upon exercise of options cannot exceed 1% of the issued share capital during any 12-month period [126]. - The share option plan is effective for 10 years starting from February 14, 2018, after which no further options will be granted [126]. - As of March 31, 2024, there are no unexercised, granted, cancelled, or expired options under the share option plan [129]. - The company has no arrangements that would allow directors to benefit from acquiring shares or debt securities of the company or any other corporate body [129].

於編製截至2024年3月31日 止 年 度 綜 合 財 務 報 表 時，本 集 團 已 首 次 應 用 以 下 香 港 會 計 師 公 會頒佈的新訂及經修訂香港財務報告準則： 33,822 2,062 資產淨值 68,352 82,850 – 1 – – 4 – 2024年 2023年 附 註 千港元 千港元 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的內容概不負責，對其準確性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 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。 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM的特色 本公告載有遵照聯交所GEM證 券 上 市 規 則（「GEM上市規則」）提 供 的 詳 情，旨 在 提 供 關 於 快 意 智 能 股 份 有 限 公 司（「本公司」）及 其 附 屬 公 司（統 稱 為「本集團」）的 資 料，本 公 司 董 事（「董 事」）就 此 共 同 及 個 別 地 承 擔 全 部 責 任。董 事 經 作 出 一 切 合 理 查 詢 ...

[Company Information and Disclaimer](index=1&type=section&id=Company%20Information%20and%20Disclaimer) This section provides an overview of Coolpoint Innonism Holding Limited, its listing on GEM, and associated investment risks [Company Overview](index=1&type=section&id=Company%20Overview) Coolpoint Innonism Holding Limited is a Cayman Islands-registered company listed on the Hong Kong Stock Exchange GEM with stock code 8040 - Company name: Coolpoint Innonism Holding Limited[2](index=2&type=chunk) - Registered in: Cayman Islands[2](index=2&type=chunk) - Listed on: Hong Kong Stock Exchange GEM, stock code: **8040**[2](index=2&type=chunk) [GEM Listing Characteristics and Risk Warnings](index=1&type=section&id=GEM%20Listing%20Characteristics%20and%20Risk%20Warnings) The GEM market targets small and medium-sized companies, carrying higher investment risks that investors should carefully consider - The GEM market is positioned for small and medium-sized companies, entailing higher investment risks[2](index=2&type=chunk) - GEM securities may be subject to significant market volatility and do not guarantee high liquidity[2](index=2&type=chunk) [Financial Highlights](index=2&type=section&id=Financial%20Highlights) The Group experienced significant revenue growth in FY2024, but gross profit substantially declined, turning from profit to loss with expanded loss per share, mainly due to increased service costs and reduced government subsidies 2024 Financial Highlights vs. 2023 Financial Highlights | Indicator | FY2024 (HK$ Thousand) | FY2023 (HK$ Thousand) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 345,600 | 260,500 | +32.7% | | Gross Profit | 12,000 | 21,700 | -44.7% | | (Loss)/Profit and Total Comprehensive (Expense)/Income Attributable to Owners of the Company | (14,500) | 1,200 | Turned from profit to loss | | (Loss)/Earnings Per Share | (4.28) HK Cents | 0.36 HK Cents | Turned from profit to loss | [Financial Results](index=3&type=section&id=Financial%20Results) This section details the Group's financial performance, including the consolidated statement of profit or loss and other comprehensive income, and the consolidated statement of financial position [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=3&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) In FY2024, the Group's revenue grew by 32.7% to HK$345,630 thousand, but a significant increase in cost of services led to a 44.7% decline in gross profit, resulting in a loss attributable to owners of the company of HK$14,545 thousand Key Data from Consolidated Statement of Profit or Loss and Other Comprehensive Income | Indicator | 2024 (HK$ Thousand) | 2023 (HK$ Thousand) | Change | | :--- | :--- | :--- | :--- | | Revenue | 345,630 | 260,473 | +32.7% Growth | | Cost of Services | (333,643) | (238,783) | Increased | | Gross Profit | 11,987 | 21,690 | -44.7% Decrease | | Other Income and Gains/(Losses), Net | 32 | 1,455 | Significantly Decreased | | Reversal/(Provision) for Impairment Loss on Trade Receivables | 922 | (1,432) | Turned from provision to reversal | | Reversal/(Provision) for Impairment Loss on Other Receivables | (1,075) | (231) | Increased provision | | Reversal/(Provision) for Impairment Loss on Contract Assets | (4,862) | (1,027) | Increased provision | | Administrative Expenses | (19,147) | (18,610) | Increased | | Finance Costs | (2,404) | (576) | +317.4% Increase | | (Loss)/Profit Before Tax | (14,547) | 1,269 | Turned from profit to loss | | Income Tax Expense | – | (101) | Decreased | | (Loss)/Profit and Total Comprehensive (Expense)/Income for the Year | (14,547) | 1,168 | Turned from profit to loss | | (Loss)/Profit and Total Comprehensive (Expense)/Income Attributable to Owners of the Company for the Year | (14,545) | 1,188 | Turned from profit to loss | | Basic (Loss)/Earnings Per Share (HK Cents) | (4.28) | 0.36 | Turned from earnings to loss | [Consolidated Statement of Financial Position](index=4&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of March 31, 2024, the Group's total assets less current liabilities increased, but net assets and equity attributable to owners of the company both decreased, primarily due to a significant rise in non-current liabilities Key Data from Consolidated Statement of Financial Position | Indicator | 2024 (HK$ Thousand) | 2023 (HK$ Thousand) | Change | | :--- | :--- | :--- | :--- | | **Non-current Assets** | | | | | Property, Plant and Equipment | 2,031 | 1,146 | Increased | | Right-of-use Assets | 2,944 | 3,588 | Decreased | | Financial Assets at Fair Value Through Profit or Loss | 3,678 | 3,675 | Slightly Increased | | **Current Assets** | | | | | Inventories | 657 | 163 | Increased | | Trade and Other Receivables | 43,383 | 14,021 | Significantly Increased | | Contract Assets | 91,651 | 88,338 | Increased | | Bank Balances and Cash | 23,274 | 26,326 | Decreased | | **Current Liabilities** | | | | | Trade and Other Payables | 34,854 | 20,380 | Increased | | Contract Liabilities | 13,738 | 12,263 | Increased | | Bank and Other Borrowings | 7,409 | 13,000 | Decreased | | Net Current Assets | 93,482 | 76,503 | Increased | | **Non-current Liabilities** | | | | | Bank and Other Borrowings | 27,000 | – | Significantly Increased | | Net Assets | 68,352 | 82,850 | Decreased | | Equity Attributable to Owners of the Company | 68,178 | 82,723 | Decreased | [Notes to the Financial Statements](index=6&type=section&id=Notes%20to%20the%20Financial%20Statements) This section provides detailed notes on the Group's financial statements, covering general information, basis of preparation, adoption of new accounting standards, and specific financial line items [General Information](index=6&type=section&id=General%20Information) The Company was incorporated in the Cayman Islands on March 8, 2017, and listed on GEM on February 14, 2018, primarily providing renovation and Nano-AM application services in Hong Kong - The Company was incorporated on March 8, 2017, and listed on GEM on February 14, 2018[12](index=12&type=chunk) - The Group's principal activities are renovation services and Nano-AM application services in Hong Kong[13](index=13&type=chunk) - The ultimate holding company is Advance Goal Group Limited, held by Mr. Cheng Tsang Fu, Ms. Liu Li Li, and former director Mr. Cheng Tsang Wai[13](index=13&type=chunk) [Basis of Preparation](index=6&type=section&id=Basis%20of%20Preparation) The consolidated financial statements are prepared in accordance with Hong Kong Financial Reporting Standards issued by the HKICPA, primarily on a historical cost basis, with certain financial instruments measured at fair value - The consolidated financial statements are prepared in accordance with Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants[15](index=15&type=chunk) - The statements are primarily prepared on a historical cost basis, with certain financial instruments measured at fair value at the end of the reporting period[15](index=15&type=chunk) [Adoption of New and Revised Hong Kong Financial Reporting Standards](index=7&type=section&id=Adoption%20of%20New%20and%20Revised%20Hong%20Kong%20Financial%20Reporting%20Standards) Several new and revised HKFRSs were first applied this year, including amendments related to insurance contracts, accounting estimates, deferred tax, and accounting policy disclosures, which had no material impact on the Group's financial position or performance - Hong Kong Financial Reporting Standard 17, amendments to Hong Kong Accounting Standard 8, Hong Kong Accounting Standard 12, and amendments to Hong Kong Accounting Standard 1 and Hong Kong Financial Reporting Standards Practice Statement 2 were first applied this year[17](index=17&type=chunk) - The application of new and revised standards had no material impact on the Group's financial position and performance for the current and prior years[17](index=17&type=chunk) - The accounting impact of the abolition of the MPF offsetting mechanism against long service payments in Hong Kong has been retrospectively applied, but its effect on long service liabilities is minimal[24](index=24&type=chunk)[25](index=25&type=chunk) [Standards and Amendments to Existing Standards Effective in the Current Year](index=7&type=section&id=Standards%20and%20Amendments%20to%20Existing%20Standards%20Effective%20in%20the%20Current%20Year) Mandatory standards effective this year include HKFRS 17 (Insurance Contracts), HKAS 8 (Definition of Accounting Estimates), HKAS 12 (Deferred Tax), and HKAS 1 & HKFRS Practice Statement 2 (Disclosure of Accounting Policies), which had no material financial impact but may affect disclosures - Amendments to HKAS 8 “Definition of Accounting Estimates” clarified the distinction between changes in accounting estimates, changes in accounting policies, and error corrections, with no impact on the consolidated financial statements[18](index=18&type=chunk)[19](index=19&type=chunk) - Amendments to HKAS 1 and HKFRS Practice Statement 2 “Disclosure of Accounting Policies” changed “significant accounting policies” to “material accounting policy information” and clarified materiality judgments, potentially affecting accounting policy disclosures[20](index=20&type=chunk)[22](index=22&type=chunk) - The guidance on the abolition of the MPF offsetting mechanism against long service payments in Hong Kong has been retrospectively implemented, but its impact on long service liabilities is negligible[24](index=24&type=chunk)[25](index=25&type=chunk) [Issued but Not Yet Effective Hong Kong Financial Reporting Standards](index=8&type=section&id=Issued%20but%20Not%20Yet%20Effective%20Hong%20Kong%20Financial%20Reporting%20Standards) The Group has not early adopted several issued but not yet effective HKFRSs, including amendments related to asset sales between an investor and its associate or joint venture, sale and leaseback, classification of liabilities, and supplier finance arrangements, which are not expected to have a material impact - The Group has not early adopted amendments to HKFRS 10 and HKAS 28, HKFRS 16, HKAS 1, HKAS 7 and HKFRS 7, and HKAS 21[26](index=26&type=chunk) - Amendments to HKAS 1 “Classification of Liabilities as Current or Non-current” and “Non-current Liabilities with Covenants” will be effective for annual periods beginning on or after January 1, 2024, and are not expected to result in reclassification of the Group’s liabilities[29](index=29&type=chunk)[30](index=30&type=chunk) [Revenue and Segment Information](index=10&type=section&id=Revenue%20and%20Segment%20Information) The Group's revenue primarily derives from renovation, refurbishment, and Nano-AM projects, with total revenue growing by 32.7% in FY2024, but overall gross profit declined by 44.7% due to cost overruns and lower margins - The Group's principal operating segments include renovation, refurbishment, and Nano-AM projects[34](index=34&type=chunk)[35](index=35&type=chunk) Revenue and Gross Profit by Segment (HK$ Thousand) | Segment | 2024 Revenue | 2023 Revenue | Revenue Change | 2024 Gross Profit | 2023 Gross Profit | Gross Profit Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Renovation Projects | 255,786 | 172,991 | +47.9% | 10,516 | 11,698 | -10.28% | | Refurbishment Projects | 85,776 | 83,010 | +3.3% | 39 | 8,279 | -99.53% | | Nano-AM Projects | 4,068 | 4,472 | -9.03% | 1,432 | 1,713 | -16.40% | | **Total** | **345,630** | **260,473** | **+32.7%** | **11,987** | **21,690** | **-44.7%** | - Gross profit for refurbishment projects significantly decreased due to cost overruns on several large projects during the year[85](index=85&type=chunk) - Gross profit for renovation projects decreased primarily due to lower gross profit margins on several large renovation projects undertaken during the year[85](index=85&type=chunk) [Segment Revenue and Results](index=10&type=section&id=Segment%20Revenue%20and%20Results) In FY2024, the Group's total revenue was HK$345,630 thousand, a 32.7% increase year-on-year, with renovation projects contributing the largest share of revenue and profit, while refurbishment projects recorded a loss FY2024 Segment Revenue and Profit/(Loss) | Segment | Revenue (HK$ Thousand) | % of Total | Profit/(Loss) (HK$ Thousand) | | :--- | :--- | :--- | :--- | | Renovation Projects | 255,786 | 74.0 | 10,835 | | Refurbishment Projects | 85,776 | 24.8 | (4,220) | | Nano-AM Projects | 4,068 | 1.2 | 1,432 | | **Total** | **345,630** | **100.0** | **8,047** | - Segment revenue refers to revenue from external customers, with no inter-segment sales in the current year[38](index=38&type=chunk) [Other Segment Information](index=12&type=section&id=Other%20Segment%20Information) In FY2024, the Group's total capital expenditure was HK$3,393 thousand, depreciation expense was HK$2,895 thousand, and total impairment losses were HK$5,015 thousand, mainly from increased impairment losses on contract assets FY2024 Other Segment Information | Indicator | Amount (HK$ Thousand) | | :--- | :--- | | Total Capital Expenditure | 3,393 | | Total Depreciation Expense | 2,895 | | Impairment Loss (Reversed)/Recognized on Trade Receivables | (922) | | Impairment Loss Recognized on Contract Assets | 4,862 | | Impairment Loss Recognized on Other Receivables (Unallocated) | 1,075 | | Total Impairment Losses | 5,015 | - The Group's revenue and all non-current assets are derived from Hong Kong[43](index=43&type=chunk) [Other Income and Gains/(Losses), Net](index=14&type=section&id=Other%20Income%20and%20Gains%2F(Losses)%2C%20Net) The Group's other income and gains, net, significantly decreased from HK$1,455 thousand in 2023 to HK$32 thousand in 2024, primarily due to reduced government subsidies Other Income and Gains/(Losses), Net Comparison | Item | 2024 (HK$ Thousand) | 2023 (HK$ Thousand) | | :--- | :--- | :--- | | Bank interest income | 232 | 133 | | Miscellaneous income | 24 | 15 | | Fair value change in financial assets at fair value through profit or loss | 16 | (204) | | Government grants from "Employment Support Scheme" | – | 1,490 | | Government grants from "Distance Business Programme" | – | 23 | | Loss on disposal of property, plant and equipment | (227) | – | | Net exchange loss | (13) | (2) | | **Total** | **32** | **1,455** | - Other income and gains, net, decreased by approximately **HK$1,423 thousand**, mainly due to a reduction in government subsidies of approximately **HK$1,513 thousand**[87](index=87&type=chunk) [Finance Costs](index=14&type=section&id=Finance%20Costs) The Group's finance costs significantly increased by 317.4% to HK$2,404 thousand in FY2024, primarily due to increased interest on amounts due to the ultimate holding company and bank and other borrowings Finance Costs Comparison | Item | 2024 (HK$ Thousand) | 2023 (HK$ Thousand) | | :--- | :--- | :--- | | Interest on amount due to ultimate holding company | 765 | – | | Interest on bank and other borrowings | 1,467 | 396 | | Interest on lease liabilities | 172 | 180 | | **Total** | **2,404** | **576** | - Finance costs increased by approximately **317.4%**, mainly due to an increase in interest from related party loans of approximately **HK$1,700 thousand**[90](index=90&type=chunk) [(Loss)/Profit Before Tax](index=15&type=section&id=(Loss)%2FProfit%20Before%20Tax) The Group recorded a loss before tax of HK$14,547 thousand in FY2024, compared to a profit of HK$1,269 thousand in FY2023, primarily due to decreased gross profit, reduced other income, increased impairment losses, and higher finance costs (Loss)/Profit Before Tax Related Deductions | Item | 2024 (HK$ Thousand) | 2023 (HK$ Thousand) | | :--- | :--- | :--- | | Total directors' emoluments | 3,664 | 5,537 | | Total other staff costs | 35,644 | 31,540 | | **Total Staff Costs** | **39,308** | **37,077** | | Auditor's remuneration | 530 | 530 | | Depreciation of property, plant and equipment | 571 | 459 | | Depreciation of right-of-use assets | 2,324 | 2,382 | [Income Tax Expense](index=16&type=section&id=Income%20Tax%20Expense) The Group had no income tax expense in FY2024, compared to HK$101 thousand in FY2023, and has unutilised tax losses of approximately HK$21,457 thousand available for offset against future profits, for which no deferred tax asset was recognised Income Tax Expense Comparison | Item | 2024 (HK$ Thousand) | 2023 (HK$ Thousand) | | :--- | :--- | :--- | | Hong Kong Profits Tax – Current year provision | – | 101 | - The Group has unutilised tax losses of approximately **HK$21,457 thousand** (2023: HK$7,448 thousand) that can be carried forward indefinitely, but no deferred tax asset was recognised[49](index=49&type=chunk) [Dividends](index=16&type=section&id=Dividends) The Board of Directors does not recommend the payment of any dividends for FY2024, consistent with FY2023 - The Board of Directors does not recommend the payment of any dividends for the current year (2023: nil)[50](index=50&type=chunk) [(Loss)/Earnings Per Share](index=16&type=section&id=(Loss)%2FEarnings%20Per%20Share) The Group's basic loss per share was **4.28 HK Cents** in FY2024, compared to earnings per share of **0.36 HK Cents** in FY2023, primarily due to the loss attributable to owners of the company for the year (Loss)/Earnings Per Share Comparison | Indicator | 2024 | 2023 | | :--- | :--- | :--- | | (Loss)/Profit for the year attributable to owners of the Company (HK$ Thousand) | (14,545) | 1,188 | | Weighted average number of ordinary shares in issue for the year (Thousand shares) | 340,000 | 333,260 | | Basic (Loss)/Earnings Per Share (HK Cents) | (4.28) | 0.36 | - Diluted loss/earnings per share is not presented as there are no potential ordinary shares in issue[51](index=51&type=chunk) [Trade and Other Receivables](index=17&type=section&id=Trade%20and%20Other%20Receivables) The Group's total trade and other receivables significantly increased from HK$14,021 thousand in 2023 to HK$43,383 thousand in 2024, with a decrease in impairment provision for trade receivables but an increase for other receivables Trade and Other Receivables Comparison | Item | 2024 (HK$ Thousand) | 2023 (HK$ Thousand) | | :--- | :--- | :--- | | Total trade receivables | 44,300 | 14,785 | | Less: Impairment loss recognised | (918) | (1,840) | | Trade receivables net of impairment loss | 43,382 | 12,945 | | Total other receivables | 1 | 1,554 | | Less: Impairment loss recognised | – | (478) | | Other receivables net of impairment loss | 1 | 1,076 | | **Total Trade and Other Receivables** | **43,383** | **14,021** | Ageing Analysis of Overdue but Not Impaired Trade Receivables | Ageing | 2024 (HK$ Thousand) | 2023 (HK$ Thousand) | | :--- | :--- | :--- | | 0 to 30 days | 33,331 | 9,724 | | 31 to 60 days | 5,087 | 914 | | 61 to 90 days | 4,345 | – | | Over 90 days | 619 | 2,307 | | **Total** | **43,382** | **12,945** | - Impairment loss provision for trade receivables decreased from **HK$1,840 thousand** at the beginning of the year to **HK$918 thousand** at year-end, with a reversal of **HK$922 thousand** during the year[56](index=56&type=chunk) - Impairment loss provision for other receivables decreased from **HK$478 thousand** at the beginning of the year to **HK$0 thousand** at year-end, with **HK$1,075 thousand** impairment loss recognised and **HK$1,553 thousand** of written-off other receivables during the year[59](index=59&type=chunk) [Contract Assets / Contract Liabilities](index=19&type=section&id=Contract%20Assets%20%2F%20Contract%20Liabilities) The Group's total contract assets slightly increased, but recognised impairment losses significantly decreased, while contract liabilities also increased, mainly from renovation projects Contract Assets and Contract Liabilities Comparison | Item | 2024 (HK$ Thousand) | 2023 (HK$ Thousand) | | :--- | :--- | :--- | | **Contract Assets** | | | | Renovation Projects | 76,027 | 67,330 | | Refurbishment Projects | 17,322 | 25,028 | | Subtotal | 93,349 | 92,358 | | Less: Impairment loss recognised | (1,698) | (4,020) | | **Net Contract Assets** | **91,651** | **88,338** | | **Contract Liabilities** | | | | Renovation Projects | 8,765 | 7,262 | | Refurbishment Projects | 4,538 | 4,747 | | Nano-AM Projects | 435 | 254 | | **Total Contract Liabilities** | **13,738** | **12,263** | - Contract assets primarily relate to the right to consideration for completed but unbilled work, which are reclassified as trade receivables when the right becomes unconditional[59](index=59&type=chunk) - Retention money held by customers is included in contract assets, with approximately **HK$18,959 thousand** expected to be recovered after 12 months[61](index=61&type=chunk) - Impairment loss provision for contract assets decreased from **HK$4,020 thousand** at the beginning of the year to **HK$1,698 thousand** at year-end, with **HK$4,862 thousand** impairment loss recognised and **HK$7,184 thousand** of written-off contract assets during the year[63](index=63&type=chunk) - Revenue recognised in the current year related to contract liabilities brought forward was **HK$11,426 thousand**, mainly from renovation and refurbishment projects[67](index=67&type=chunk) [Trade and Other Payables](index=22&type=section&id=Trade%20and%20Other%20Payables) The Group's total trade and other payables increased from HK$20,380 thousand in 2023 to HK$34,854 thousand in 2024, mainly due to increases in trade payables, accrued interest on amounts due to the ultimate holding company, and accrued interest on loans from the Company's directors Trade and Other Payables Comparison | Item | 2024 (HK$ Thousand) | 2023 (HK$ Thousand) | | :--- | :--- | :--- | | Trade payables | 28,787 | 16,754 | | Accrued interest on amount due to ultimate holding company | 286 | – | | Accrued interest on loans from directors of the Company | 743 | – | | Other accruals and payables | 5,038 | 3,626 | | **Total** | **34,854** | **20,380** | Ageing Analysis of Trade Payables | Ageing | 2024 (HK$ Thousand) | 2023 (HK$ Thousand) | | :--- | :--- | :--- | | 1–30 days | 20,149 | 16,528 | | 31–60 days | 7,575 | 25 | | 61–90 days | 1,036 | 25 | | Over 90 days | 27 | 176 | | **Total** | **28,787** | **16,754** | [Share Capital](index=22&type=section&id=Share%20Capital) As of March 31, 2024, the Company's issued share capital was HK$3,400 thousand, comprising 340,000 thousand ordinary shares with a par value of HK$0.01 each, consistent with the previous year Share Capital Details | Item | Number of Shares (Thousand shares) | Amount (HK$ Thousand) | | :--- | :--- | :--- | | Authorised share capital (Ordinary shares of HK$0.01 each) | 10,000,000 | 100,000 | | Issued and fully paid share capital (as at March 31, 2024) | 340,000 | 3,400 | [Management Discussion and Analysis](index=23&type=section&id=Management%20Discussion%20and%20Analysis) This section provides a comprehensive review of the Group's business operations, financial performance, liquidity, capital structure, and future outlook [Business Review and Outlook](index=23&type=section&id=Business%20Review%20and%20Outlook) The Group primarily provides renovation, refurbishment, and Nano-AM application services in Hong Kong, securing major projects in FY2024 and expanding Nano-AM into marine maintenance, with plans to further develop high-end markets and Nano-AM applications - The Group is principally engaged in providing renovation services, refurbishment services, and Nano-AM application services in Hong Kong[72](index=72&type=chunk) - In FY2024, the Group was awarded **11 major projects** (9 renovation, 2 refurbishment) with a total contract sum of approximately **HK$480,400 thousand**, contributing approximately **HK$148,300 thousand** in revenue[74](index=74&type=chunk) - The Group holds an exclusive sales license for Nano-AM (nanophotocatalytic anti-fouling material), successfully expanding into marine maintenance and planning to apply it to renovation and refurbishment projects to diversify revenue streams[75](index=75&type=chunk)[77](index=77&type=chunk) - Looking ahead, the Board believes demand for high-end renovation and refurbishment services will remain strong, and the Group will continue to explore this market[77](index=77&type=chunk) [Renovation and Refurbishment Services](index=23&type=section&id=Renovation%20and%20Refurbishment%20Services) The Group's renovation and refurbishment services cater to property developers, main contractors, and property owners/tenants in the private sector, managing project execution and defect rectification - Clients include property developers, main contractors/direct contractors, and property owners/tenants[73](index=73&type=chunk) - Services cover interior renovation and refurbishment for residential apartments, show flats, clubhouses, sales offices, common areas, offices, shopping malls, and shops in Hong Kong[73](index=73&type=chunk) - The Group is responsible for overall project execution, including planning, coordination, monitoring, supervision, and defect rectification during the warranty period[73](index=73&type=chunk) [Nano-AM Application Services](index=23&type=section&id=Nano-AM%20Application%20Services) The Group holds an exclusive sales license for Nano-AM, an eco-friendly nanophotocatalytic anti-fouling material, successfully applying it to marine maintenance and planning to integrate it into renovation and refurbishment projects to expand revenue - The Group holds an exclusive sales license for Nano-AM (nanophotocatalytic anti-fouling material), used for surface disinfection and protective coatings[75](index=75&type=chunk) - Successfully expanded into marine maintenance and maintenance business, and exploring other application opportunities for Nano-AM in the construction materials market[77](index=77&type=chunk) [Outlook](index=24&type=section&id=Outlook) The Board anticipates strong demand for high-end renovation and refurbishment services, and the Group will continue to explore this market while actively developing the significant potential of Nano-AM applications - The Board believes demand for high-end renovation and refurbishment services will remain strong, and the Group will continue to explore this market[77](index=77&type=chunk) - Nano-AM applications have significant development potential and will bring new revenue growth points for the Group[77](index=77&type=chunk) [Financial Review](index=24&type=section&id=Financial%20Review) The Group's FY2024 revenue grew by 32.7%, driven by renovation projects, but gross profit significantly declined by 44.7% due to refurbishment project cost overruns and lower renovation margins, leading to a net loss for the year - The Group's revenue primarily derives from renovation services, refurbishment services, and Nano-AM application services[78](index=78&type=chunk) - Overall gross profit decreased by **44.7%** from **HK$21,700 thousand** in 2023 to **HK$12,000 thousand** in 2024[85](index=85&type=chunk) - The loss attributable to owners of the Company for the current year was approximately **HK$14,500 thousand**, compared to a profit of approximately **HK$1,200 thousand** last year[92](index=92&type=chunk) [Revenue](index=24&type=section&id=Revenue) Total revenue in FY2024 was approximately HK$345,600 thousand, a 32.7% year-on-year increase, with renovation project revenue growing by 47.9% to HK$255,800 thousand, driven by large projects Revenue by Operating Segment | Segment | 2024 (HK$ Thousand) | 2024 (%) | 2023 (HK$ Thousand) | 2023 (%) | | :--- | :--- | :--- | :--- | :--- | | Renovation Projects | 255,786 | 74.0 | 172,991 | 66.4 | | Refurbishment Projects | 85,776 | 24.8 | 83,010 | 31.9 | | Nano-AM Projects | 4,068 | 1.2 | 4,472 | 1.7 | | **Total** | **345,630** | **100.0** | **260,473** | **100.0** | - Renovation project revenue increased by approximately **47.9%**, mainly due to increased contributions from several large renovation projects in Pak Shek Kok, Jordan, Wong Chuk Hang, The Peak, and Lantau Island[81](index=81&type=chunk) [Cost of Services and Gross Profit](index=25&type=section&id=Cost%20of%20Services%20and%20Gross%20Profit) Cost of services generally increased with revenue, but overall gross profit decreased by 44.7% to HK$12,000 thousand year-on-year, primarily due to cost overruns in refurbishment projects and lower gross margins in renovation projects - Cost of services mainly includes subcontracting costs, material costs, and direct labour costs, increasing in line with revenue growth[82](index=82&type=chunk) Gross Profit and Gross Profit Margin by Operating Segment | Segment | 2024 Gross Profit (HK$ Thousand) | 2024 Gross Profit Margin (%) | 2023 Gross Profit (HK$ Thousand) | 2023 Gross Profit Margin (%) | | :--- | :--- | :--- | :--- | :--- | | Renovation Projects | 10,516 | 4.1 | 11,698 | 6.8 | | Refurbishment Projects | 39 | 0.0 | 8,279 | 10.0 | | Nano-AM Projects | 1,432 | 35.2 | 1,713 | 38.3 | | **Total** | **11,987** | **3.5** | **21,690** | **8.3** | - Gross profit for refurbishment projects significantly decreased due to cost overruns on several large refurbishment projects during the year[85](index=85&type=chunk) [Other Income and Gains/(Losses), Net](index=26&type=section&id=Other%20Income%20and%20Gains%2F(Losses)%2C%20Net) The Group's other income and gains, net, significantly decreased from HK$1,455 thousand in 2023 to HK$32 thousand in 2024, primarily due to a reduction in government subsidies of approximately HK$1,513 thousand - Other income and gains, net, decreased by approximately **HK$1,423 thousand**, mainly due to a reduction in government subsidies of approximately **HK$1,513 thousand**[87](index=87&type=chunk) [Impairment Losses on Trade Receivables, Other Receivables and Contract Assets](index=26&type=section&id=Impairment%20Losses%20on%20Trade%20Receivables%2C%20Other%20Receivables%20and%20Contract%20Assets) Total impairment losses on trade receivables, other receivables, and contract assets increased by 86.4% from HK$2,700 thousand in 2023 to HK$5,000 thousand in 2024, mainly due to an increase in contract asset impairment losses, partially offset by a decrease in trade receivable impairment losses - Total impairment losses increased by approximately **86.4%**, primarily due to an increase in impairment losses on contract assets of approximately **HK$3,800 thousand**[88](index=88&type=chunk) [Administrative Expenses](index=26&type=section&id=Administrative%20Expenses) The Group's administrative expenses slightly increased by 2.9% from HK$18,600 thousand in 2023 to HK$19,100 thousand in 2024 - Administrative expenses increased by approximately **2.9%** to approximately **HK$19,100 thousand**[89](index=89&type=chunk) [Finance Costs](index=26&type=section&id=Finance%20Costs) The Group's finance costs significantly increased by 317.4% from HK$600 thousand in 2023 to HK$2,400 thousand in 2024, mainly due to an increase in interest from related party loans of approximately HK$1,700 thousand - Finance costs increased by approximately **317.4%**, mainly due to an increase in interest from related party loans of approximately **HK$1,700 thousand**[90](index=90&type=chunk) [Income Tax Expense](index=26&type=section&id=Income%20Tax%20Expense) The Group had no income tax expense in FY2024, compared to approximately HK$100 thousand in FY2023 - No income tax expense for the current year (2023: approximately **HK$100 thousand**)[91](index=91&type=chunk) [Loss)/Profit and Total Comprehensive (Expense)/Income for the Year](index=26&type=section&id=(Loss)%2FProfit%20and%20Total%20Comprehensive%20(Expense)%2FIncome%20for%20the%20Year) Due to the aforementioned financial performance changes, the Group recorded a loss and total comprehensive expense attributable to owners of the Company of approximately HK$14,500 thousand in FY2024, compared to a profit and total comprehensive income of approximately HK$1,200 thousand in FY2023 - The loss and total comprehensive expense attributable to owners of the Company for the current year was approximately **HK$14,500 thousand**, compared to a profit and total comprehensive income of approximately **HK$1,200 thousand** last year[92](index=92&type=chunk) [Borrowing Facilities](index=27&type=section&id=Borrowing%20Facilities) As of March 31, 2024, the Group's total bank credit facilities decreased to HK$30,000 thousand, with outstanding term loan facilities of HK$7,400 thousand and zero revolving loan facilities, while total guarantees under performance bonds also decreased - The Group's total bank credit facilities decreased to approximately **HK$30,000 thousand** (2023: HK$75,900 thousand)[94](index=94&type=chunk) - Outstanding term loan facilities amounted to **HK$7,400 thousand**, and revolving loan facilities were zero[94](index=94&type=chunk) - Total guarantees under performance bonds amounted to approximately **HK$10,400 thousand** (2023: HK$20,600 thousand)[94](index=94&type=chunk) [Liquidity and Financial Resources](index=27&type=section&id=Liquidity%20and%20Financial%20Resources) The Group maintains prudent financial management with a current ratio of approximately 2.4 times, but bank balances and cash decreased due to net cash used in operating activities, partially offset by advances from directors, while the gearing ratio significantly increased to 70.7% - The Group's bank balances and cash were approximately **HK$23,300 thousand** (2023: HK$26,300 thousand), with the decrease mainly due to net cash used in operating activities of approximately **HK$27,500 thousand**, partially offset by advances from directors of approximately **HK$27,000 thousand**[95](index=95&type=chunk) - The current ratio remained at approximately **2.4 times** (2023: 2.3 times)[95](index=95&type=chunk) - The gearing ratio increased from **15.7%** in 2023 to approximately **70.7%** in 2024, due to an increase in interest-bearing borrowings from the Company's directors and ultimate holding company[95](index=95&type=chunk) [Capital Structure](index=27&type=section&id=Capital%20Structure) As of March 31, 2024, the Company's issued share capital was HK$3,400 thousand, comprising 340,000 thousand ordinary shares with a par value of HK$0.01 each, consistent with the previous year - Issued share capital was **HK$3,400 thousand**, with **340,000 thousand** ordinary shares in issue, each with a par value of **HK$0.01**[96](index=96&type=chunk) [Use of Proceeds from Placing](index=28&type=section&id=Use%20of%20Proceeds%20from%20Placing) The net proceeds of approximately HK$10,644 thousand from the placing on August 2, 2022, were intended for working capital, with HK$6,610 thousand utilised as of March 31, 2024, and the remaining HK$1,971 thousand expected to be used by September 30, 2024 - The net proceeds from the placing on August 2, 2022, were approximately **HK$10,644 thousand**, all intended for working capital[98](index=98&type=chunk) Actual Use of Proceeds from Placing Analysis | Planned Use | Proceeds (HK$ Thousand) | Unutilised as at March 31, 2023 (HK$ Thousand) | Utilised for the year ended March 31, 2024 (HK$ Thousand) | Unutilised as at March 31, 2024 (HK$ Thousand) | Expected Utilisation Timeline for Unused Net Proceeds | | :--- | :--- | :--- | :--- | :--- | :--- | | Working Capital | 10,644 | 8,581 | 6,610 | 1,971 | Before September 30, 2024 | [Foreign Exchange Risk and Treasury Policy](index=28&type=section&id=Foreign%20Exchange%20Risk%20and%20Treasury%20Policy) The Group's core business in Hong Kong primarily transacts in HKD, resulting in non-significant foreign exchange risk, and while there is no specific hedging policy, foreign exchange risk is continuously monitored, and treasury policy adopts a prudent financial management approach - The Group's core business is in Hong Kong, with most transactions denominated in HKD, resulting in non-significant foreign exchange risk[99](index=99&type=chunk) - The Group does not have a foreign currency hedging policy but continuously monitors foreign exchange risk[99](index=99&type=chunk) - The treasury policy adopts a prudent financial management approach, managing risks through continuous credit assessment and liquidity monitoring[99](index=99&type=chunk) [Pledge of Assets](index=29&type=section&id=Pledge%20of%20Assets) As of March 31, 2024, the Group had no pledged bank deposits, but an investment in life insurance policies with a fair value of HK$3,700 thousand was pledged as collateral for bank facilities - As of March 31, 2024, the Group had no pledged bank deposits (2023: approximately **HK$6,100 thousand**)[101](index=101&type=chunk) - An investment in life insurance policies with a fair value of **HK$3,700 thousand** was pledged as collateral for bank facilities[101](index=101&type=chunk) [Performance Guarantees and Contingent Liabilities](index=29&type=section&id=Performance%20Guarantees%20and%20Contingent%20Liabilities) As of the reporting period, the Group's outstanding performance guarantees issued by banks totaled HK$10,380 thousand, a significant decrease from the previous year Outstanding Performance Guarantees | Item | 2024 (HK$ Thousand) | 2023 (HK$ Thousand) | | :--- | :--- | :--- | | Issued by banks | 10,380 | 20,599 | [Capital Commitments](index=29&type=section&id=Capital%20Commitments) As of March 31, 2024, the Group had no significant capital commitments - The Group had no significant capital commitments[104](index=104&type=chunk) [Future Plans for Material Investments and Capital Assets](index=29&type=section&id=Future%20Plans%20for%20Material%20Investments%20and%20Capital%20Assets) As of March 31, 2024, the Group had no other future plans for material investments and capital assets - The Group had no other future plans for material investments and capital assets[105](index=105&type=chunk) [Material Acquisitions and Disposals of Subsidiaries, Associates and Joint Ventures](index=29&type=section&id=Material%20Acquisitions%20and%20Disposals%20of%20Subsidiaries%2C%20Associates%20and%20Joint%20Ventures) For the year ended March 31, 2024, the Group had no material acquisitions or disposals of subsidiaries, associates, and joint ventures - There were no material acquisitions or disposals of subsidiaries, associates, and joint ventures during the year[106](index=106&type=chunk) [Employees and Remuneration Policy](index=29&type=section&id=Employees%20and%20Remuneration%20Policy) As of March 31, 2024, the Group had 80 employees, an increase from the previous year, with total staff costs of approximately HK$39,300 thousand, and remuneration policies based on market terms, individual performance, qualifications, and experience - As of March 31, 2024, the Group had **80 employees** (2023: 56 employees)[107](index=107&type=chunk) - Total staff costs (including directors' emoluments) for the year were approximately **HK$39,300 thousand** (2023: approximately HK$37,100 thousand)[107](index=107&type=chunk) - Remuneration policy refers to market terms and individual performance, qualifications, and experience, including discretionary bonuses and a Mandatory Provident Fund Scheme[107](index=107&type=chunk) [Significant Events After Reporting Period](index=30&type=section&id=Significant%20Events%20After%20Reporting%20Period) As of the announcement date, the Directors were not aware of any significant events concerning the Group's business or financial performance after the year ended March 31, 2024 - As of the announcement date, the Directors were not aware of any significant events concerning the Group's business or financial performance after the reporting period[108](index=108&type=chunk) [Corporate Governance Principles and Practices](index=30&type=section&id=Corporate%20Governance%20Principles%20and%20Practices) This section outlines the Company's commitment to maintaining good corporate governance, adherence to the GEM Listing Rules' Corporate Governance Code, and details on board structure, securities dealings, and audit committee functions [Corporate Governance Overview](index=30&type=section&id=Corporate%20Governance%20Overview) The Company is committed to maintaining good corporate governance, having adopted and complied with the Corporate Governance Code in Appendix 15 of the GEM Listing Rules to ensure proper oversight of business activities and decision-making - The Company is committed to maintaining good corporate governance and has adopted and complied with the Corporate Governance Code set out in Appendix 15 of the GEM Listing Rules[109](index=109&type=chunk) - The Board is dedicated to continuously enhancing and reviewing the effectiveness and performance of corporate governance principles and practices[109](index=109&type=chunk) [Chairman and Chief Executive Officer](index=30&type=section&id=Chairman%20and%20Chief%20Executive%20Officer) Mr. Cheng Tsang Fu serves as both Chairman and Chief Executive Officer, a deviation from CG Code Provision C.2.1, which the Board believes facilitates business strategy execution and operational efficiency, with appropriate checks and balances in place - Mr. Cheng Tsang Fu serves as both Chairman and Chief Executive Officer, deviating from Corporate Governance Code Provision C.2.1[110](index=110&type=chunk) - The Board believes this arrangement facilitates the execution of business strategies and enhances operational efficiency, and the Board has an appropriate structure with checks and balances[110](index=110&type=chunk) - The Company will continue to review and seek to re-comply with Corporate Governance Code Provision C.2.1[110](index=110&type=chunk) [Model Code for Securities Transactions by Directors](index=31&type=section&id=Model%20Code%20for%20Securities%20Transactions%20by%20Directors) The Company has adopted a model code for directors' securities transactions, no less exacting than the GEM Listing Rules, and all directors confirmed compliance throughout the year - The Company has adopted a model code for securities transactions by directors, with terms no less exacting than those set out in the GEM Listing Rules[112](index=112&type=chunk) - All Directors confirmed compliance with the code throughout the year[112](index=112&type=chunk) [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares and Debentures of the Company or its Associated Corporations](index=31&type=section&id=Directors'%20and%20Chief%20Executive's%20Interests%20and%20Short%20Positions%20in%20Shares%2C%20Underlying%20Shares%20and%20Debentures%20of%20the%20Company%20or%20its%20Associated%20Corporations) As of March 31, 2024, Mr. Cheng Tsang Fu and Ms. Liu Li Li jointly held 48.29% of the Company's shares through controlled corporations and spouse interests, with other directors holding minor stakes Directors' and Chief Executive's Long Positions in Ordinary Shares and Underlying Shares of the Company | Name | Capacity/Nature of Interest | Number of Shares Held | Approximate % of Shareholding | | :--- | :--- | :--- | :--- | | Mr. Cheng Tsang Fu | Interest in controlled corporation/Spouse interest | 164,200,000 | 48.29% | | Ms. Liu Li Li | Interest in controlled corporation/Spouse interest | 164,200,000 | 48.29% | | Mr. Tsui Kai Tai | Beneficial owner | 12,800,000 | 3.76% | | Ms. Lam Hiu Ling | Beneficial owner | 2,550,000 | 0.75% | | Mr. Li Chi Wai | Beneficial owner | 155,000 | 0.05% | | Mr. Keung Hon Sing | Spouse interest | 2,550,000 | 0.75% | | Professor Leung Yiu Cheung | Beneficial owner | 2,500,000 | 0.74% | | Professor Leung Kwok Hei | Beneficial owner | 3,200,000 | 0.94% | | Ms. Cheung Kong Hung | Beneficial owner | 385,000 | 0.11% | - Mr. Cheng Tsang Fu, Ms. Liu Li Li, and Mr. Cheng Tsang Wai are parties acting in concert, jointly holding interests in **164,200,000 shares** held by Advance Goal[116](index=116&type=chunk) - Ms. Lam Hiu Ling resigned as an executive director on June 21, 2024, and Professor Leung Kwok Hei resigned as a non-executive director on May 3, 2024[116](index=116&type=chunk) [Substantial Shareholders' and Other Persons' Interests and Short Positions in Shares and Underlying Shares of the Company](index=33&type=section&id=Substantial%20Shareholders'%20and%20Other%20Persons'%20Interests%20and%20Short%20Positions%20in%20Shares%20and%20Underlying%20Shares%20of%20the%20Company) As of March 31, 2024, Advance Goal held 48.29% of the Company's shares, with Mr. Cheng Tsang Wai holding the same proportion through controlled corporations, and Mr. Chen Yi Sung holding 10.80% Substantial Shareholders' and Other Persons' Long Positions in Ordinary Shares and Underlying Shares of the Company | Shareholder Name/Name | Capacity/Nature of Interest | Number of Ordinary Shares Held | Approximate % of Shareholding | | :--- | :--- | :--- | :--- | | Advance Goal | Beneficial owner | 164,200,000 | 48.29% | | Mr. Cheng Tsang Wai | Interest in controlled corporation | 164,200,000 | 48.29% | | Ms. Chow Siu Shan | Spouse interest | 164,200,000 | 48.29% | | Mr. Chen Yi Sung | Beneficial owner | 36,730,000 | 10.80% | - Mr. Cheng Tsang Wai, Mr. Cheng Tsang Fu, and Ms. Liu Li Li are parties acting in concert, jointly owning the share interests held by Advance Goal[118](index=118&type=chunk) - Ms. Chow Siu Shan, being the spouse of Mr. Cheng Tsang Wai, is deemed to be interested in the shares held by Mr. Cheng Tsang Wai through Advance Goal[118](index=118&type=chunk) [Directors' Right to Acquire Shares or Debentures](index=34&type=section&id=Directors'%20Right%20to%20Acquire%20Shares%20or%20Debentures) During the year, neither the Company nor any of its subsidiaries participated in any arrangements enabling directors, chief executives, or their associates to subscribe for securities of the Company or its associated corporations, or to obtain benefits by acquiring shares or debentures - During the year, neither the Company nor any of its subsidiaries participated in any arrangements enabling directors, chief executives, or their associates to subscribe for securities of the Company or its associated corporations[120](index=120&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=34&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company's%20Listed%20Securities) Neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's shares during the year - Neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's shares during the year[121](index=121&type=chunk) [Competition and Conflicts of Interest](index=34&type=section&id=Competition%20and%20Conflicts%20of%20Interest) The Company's controlling shareholders have entered into a non-competition undertaking, and no directors, management shareholders, or substantial shareholders, or their respective associates, were involved in any competing businesses or conflicts of interest with the Group during the year - Each of the Company's controlling shareholders has entered into a non-competition undertaking[122](index=122&type=chunk) - During the year, no directors, management shareholders, or substantial shareholders, or their respective associates, were involved in any business competing or likely to compete with the Group's business, or had any other conflicts of interest with the Group[122](index=122&type=chunk) - The independent non-executive directors have reviewed and confirmed the controlling shareholders' compliance with the terms of the non-competition undertaking during the year[124](index=124&type=chunk) [Audit Committee](index=35&type=section&id=Audit%20Committee) The Company's Audit Committee, established on January 19, 2018, comprises four independent non-executive directors with Mr. Chiu Wai Hon as Chairman, and has reviewed the Group's annual results for the year ended March 31, 2024 - The Audit Committee was established on January 19, 2018, comprising four independent non-executive directors, with Mr. Chiu Wai Hon as Chairman[125](index=125&type=chunk) - The Audit Committee has reviewed the Group's annual results for the year ended March 31, 2024[125](index=125&type=chunk) [Scope of Work of ZHONGZHENG TIANHENG CPA LIMITED](index=35&type=section&id=Scope%20of%20Work%20of%20ZHONGZHENG%20TIANHENG%20CPA%20LIMITED) The financial figures in this preliminary announcement have been agreed by the Group's auditor, ZHONGZHENG TIANHENG CPA LIMITED, whose work does not constitute an assurance service, thus no assurance opinion is expressed on these preliminary results - The financial figures in this preliminary announcement have been agreed by the auditor, ZHONGZHENG TIANHENG CPA LIMITED[126](index=126&type=chunk) - The auditor's work does not constitute an assurance service, and no assurance opinion is expressed on these preliminary results[126](index=126&type=chunk) [Other Information](index=35&type=section&id=Other%20Information) This section covers details regarding the upcoming Annual General Meeting, dividend policy, share register closure, publication of the 2024 Annual Report, and the current composition of the Board of Directors [Annual General Meeting](index=35&type=section&id=Annual%20General%20Meeting) The Company's Annual General Meeting will be held on September 10, 2024, with the relevant notice to be published and dispatched to shareholders as required by the GEM Listing Rules - The Annual General Meeting will be held on **Tuesday, September 10, 2024, at 11:00 a.m.**[127](index=127&type=chunk) - The notice convening the meeting will be published and dispatched to shareholders in the manner required by the GEM Listing Rules[127](index=127&type=chunk) [Dividends](index=36&type=section&id=Dividends) The Board of Directors does not recommend the payment of any dividends for the year ended March 31, 2024 - The Board of Directors does not recommend the payment of any dividends for the year ended March 31, 2024[129](index=129&type=chunk) [Closure of Register of Members](index=36&type=section&id=Closure%20of%20Register%20of%20Members) To be eligible to attend and vote at the Annual General Meeting, the Company's share transfer registration will be suspended from September 5 to September 10, 2024, with all transfer documents to be lodged by 4:30 p.m. on September 4, 2024 - The register of members will be closed from **September 5 to September 10, 2024** (both dates inclusive)[130](index=130&type=chunk) - All share transfer documents must be lodged with the Company's Hong Kong Share Registrar by **4:30 p.m. on September 4, 2024**[130](index=130&type=chunk) [Publication of 2024 Annual Report](index=36&type=section&id=Publication%20of%202024%20Annual%20Report) The Company's 2024 Annual Report, containing all information required by the GEM Listing Rules, will be dispatched to shareholders and published on the Company's website in due course - The 2024 Annual Report, containing all information required by the GEM Listing Rules, will be dispatched to shareholders and published on the Company's website in due course[131](index=131&type=chunk) [Board of Directors](index=36&type=section&id=Board%20of%20Directors) As of the announcement date, the Board comprises executive directors Mr. Cheng Tsang Fu (Chairman and CEO), Ms. Liu Li Li, Mr. Tsui Kai Tai, Mr. Li Chi Wai, and Mr. Keung Hon Sing; non-executive director Professor Leung Yiu Cheung; and independent non-executive directors Mr. Chow Kwok Ki, Mr. Hui Chi Keung, Mr. Chiu Wai Hon, and Ms. Cheung Kong Hung - Executive Directors: Mr. Cheng Tsang Fu (Chairman and Chief Executive Officer), Ms. Liu Li Li, Mr. Tsui Kai Tai, Mr. Li Chi Wai, Mr. Keung Hon Sing[133](index=133&type=chunk) - Non-executive Director: Professor Leung Yiu Cheung[133](index=133&type=chunk) - Independent Non-executive Directors: Mr. Chow Kwok Ki, Mr. Hui Chi Keung, Mr. Chiu Wai Hon, Ms. Cheung Kong Hung[133](index=133&type=chunk)

Financial Performance - The group's revenue for the six months ended September 30, 2023, was approximately HKD 153.5 million, an increase of about 46.1% compared to HKD 105.0 million for the same period in 2022[5]. - The loss attributable to the owners of the company decreased by approximately 50.3% to about HKD 3.3 million from HKD 6.6 million in the previous period[5]. - The basic loss per share for the period was approximately HKD 0.96, compared to HKD 2.02 in the previous period[6]. - The group's gross profit for the six months ended September 30, 2023, was HKD 5.929 million, compared to HKD 3.004 million for the same period in 2022[6]. - The company reported a pre-tax loss of HKD 3,281,000 for the six months ended September 30, 2023, compared to a loss of HKD 6,479,000 in the same period of 2022, representing a 49.5% improvement[12]. - Total revenue for the three months ended September 30, 2023, was HKD 117.684 million, compared to HKD 153.492 million for the same period in 2022, representing a decrease of approximately 23.3%[24]. - The company reported a pre-tax loss of HKD 3.281 million for the three months ended September 30, 2023, an improvement from a loss of HKD 6.479 million in the same period of 2022[24]. Assets and Liabilities - The total assets less current liabilities as of September 30, 2023, were HKD 81.434 million, compared to HKD 84.912 million as of March 31, 2023[8]. - The net assets as of September 30, 2023, were HKD 79.569 million, down from HKD 85.850 million as of March 31, 2023[8]. - The company’s total liabilities decreased, with a notable reduction in trade and other payables, which decreased from HKD 5,082,000 to HKD 773,000, indicating improved cash flow management[12]. - The amount due to the ultimate holding company is HKD 9,900,000 as of September 30, 2023, down from HKD 11,900,000 as of March 31, 2023[57]. - The company's lease liabilities due within one year increased to HKD 2,202,000 from HKD 1,827,000[60]. Cash Flow and Financing - The company reported a net cash outflow from operating activities of HKD 19,097,000 for the six months ended September 30, 2023, compared to a net cash inflow of HKD 336,000 in the same period of 2022[12]. - The company’s financing activities generated a net cash inflow of HKD 13,003,000 for the six months ended September 30, 2023, compared to HKD 12,267,000 in the previous year, reflecting a 6.0% increase[13]. - Cash and cash equivalents at the end of the period were HKD 19,909,000, down from HKD 23,146,000 at the end of the previous period, marking a decrease of 14.5%[13]. - The company has a bank credit facility of HKD 75,900,000, unchanged from March 31, 2023[58]. Revenue Segments - The company’s revenue from the Nano-AM segment was HKD 67,595,000 for the three months ended September 30, 2023, compared to HKD 23,069,000 in the same period of 2022, representing a significant increase of 194.5%[22]. - Revenue from renovation services was approximately HKD 33.8 million, a decrease of about 23.4% compared to the previous period's HKD 44.2 million[70]. - Revenue from decoration projects reached approximately HKD 117.7 million, an increase of about 100.1% from the previous period's HKD 58.8 million[70]. - The company secured a total of ten large projects during the period, with a total contract value of approximately HKD 425.1 million, contributing approximately HKD 48.0 million in revenue[64]. Administrative and Operating Expenses - The group's administrative expenses for the six months ended September 30, 2023, were HKD 8.993 million, compared to HKD 8.112 million in the previous period[6]. - Total labor costs for the six months ended September 30, 2023, were HKD 17.141 million, slightly down from HKD 17.175 million in the same period of 2022[31]. - Administrative expenses increased by approximately 10.9% from about HKD 8.1 million to approximately HKD 9.0 million, mainly due to higher legal and professional fees[76]. Corporate Governance - The company’s governance practices are based on the GEM Listing Rules, ensuring appropriate and prudent regulation of business activities and decision-making processes[97]. - The board believes that having the same person serve as both Chairman and CEO enhances the execution of the group's business strategy and operational efficiency[100]. - The company has established an audit committee to oversee financial reporting and risk management, consisting of three independent non-executive directors[117]. Shareholding and Ownership - As of September 30, 2023, Zheng Zengfu holds 164,200,000 shares, representing 48.29% of the company[105]. - Mr. Chen Yisong holds 36,730,000 shares, accounting for 10.80% of the company's ordinary shares[106]. - There are no undisclosed individuals holding 5% or more of the company's shares as of September 30, 2023[108]. - Mr. Zheng Zengwei, Mr. Zheng Zengfu, and Ms. Liao Lili collectively own 100% of Advance Goal, with respective ownership stakes of 55%, 35%, and 10%[107]. Other Notable Points - The company did not recommend the payment of an interim dividend for the period[5]. - The company received no government subsidies under the "Employment Support Scheme" during the current period, compared to HKD 1.356 million in the previous year[30]. - The company has not engaged in any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the six months ended September 30, 2023[95].

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，並明確表示概不就因本公告全部或任何部份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。 COOLPOINT INNONISM HOLDING LIMITED 快意智能股份有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8040） 截至2023年9月30日止六個月 中期業績公告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司 帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的 考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣的證券承 受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 本公告載有遵照聯交所GEM證券上市規則（「GEM上市規則」）提供的詳情，旨在提供關於快意智 能股份有限公司（「本公司」）及其附屬公司（統稱為「本集團」）的資料，本公司董事（「董事」）就此共 同及個別地承擔全部責任 ...

Financial Performance - The group's revenue for the three months ended June 30, 2023, was approximately HKD 66.0 million, an increase of about 19.1% compared to HKD 55.4 million for the same period in 2022[3]. - The loss attributable to the company's owners decreased by 19.5% from approximately HKD 2.6 million in the previous period to approximately HKD 2.1 million in the current period[3]. - The basic loss per share for the current period was approximately HKD 0.62, compared to a loss of HKD 0.82 per share in the previous period[4]. - The gross profit for the three months ended June 30, 2023, was HKD 2.0 million, compared to HKD 0.9 million in the same period of 2022[4]. - The group reported a pre-tax loss of HKD 2.1 million for the current period, compared to a pre-tax loss of HKD 2.6 million in the previous period[4]. - Revenue from renovation services decreased by approximately 29.8%, from about HKD 21.1 million to HKD 14.8 million, primarily due to the completion of several renovation projects in the previous fiscal year[28]. - Revenue from renovation projects was approximately HKD 50.0 million, an increase of about 50.0% compared to HKD 33.4 million in the previous period, driven by several large renovation projects[28]. - The gross profit for the three months ended June 30, 2023, was approximately HKD 2.0 million, up about 116.5% from HKD 0.9 million in the previous year[29]. - Other income decreased from approximately HKD 506,000 to HKD 81,000, primarily due to a reduction in government subsidies under the "Employment Support" scheme by about HKD 500,000[30]. Expenses and Costs - Administrative expenses increased slightly to HKD 4.0 million from HKD 3.9 million in the previous period[4]. - The financing costs for the current period were HKD 0.175 million, up from HKD 0.106 million in the previous period[4]. - Financing costs increased by approximately 65.1%, from HKD 106,000 to HKD 175,000, mainly due to increased bank borrowings in the previous fiscal year[33]. Equity and Dividends - The total equity attributable to the company's owners as of June 30, 2023, was HKD 80.6 million, compared to HKD 68.3 million as of June 30, 2022[5]. - The group did not recommend the payment of an interim dividend for the period[3]. - The company did not recommend the payment of an interim dividend for the three months ended June 30, 2023, consistent with the previous year[21]. - The group did not recommend the payment of an interim dividend for the three months ended June 30, 2022, consistent with the previous period[37]. Cash and Financing - As of June 30, 2023, the group's bank balances and cash amounted to approximately HKD 32.5 million, an increase from approximately HKD 26.3 million as of March 31, 2023[41]. - The group has obtained credit financing from banks amounting to approximately HKD 75.9 million as of June 30, 2023, unchanged from March 31, 2023[38]. - The capital debt ratio increased to 16.1% as of June 30, 2023, up from 15.7% as of March 31, 2023, primarily due to losses leading to a decrease in total equity[40]. Employment and Labor Costs - The group employed a total of 66 employees as of June 30, 2023, compared to 56 employees as of March 31, 2023, with labor costs around HKD 8.1 million[48]. Corporate Governance - The audit committee was established on January 19, 2018, in accordance with GEM Listing Rule 5.28, consisting of three independent non-executive directors[66]. - The committee reviewed the unaudited condensed consolidated financial statements for the period, ensuring compliance with applicable accounting standards and GEM Listing Rules[66]. - The executive directors of the company include Zheng Zengfu, Liao Lili, Xu Qitai, and Lin Xiaoling, with independent non-executive directors being Zhou Guoji, Xu Zhiqiang, and Zhao Weihuan[67]. - The company is committed to providing significant opinions on financial reporting and overseeing risk management and internal control procedures[66]. Shareholding and Securities - As of June 30, 2023, the company’s major shareholders include Zheng Zengfu and Liao Lili, each holding 164,200,000 shares, representing 48.29% of the total shares[56]. - Zheng Zengwei, Zheng Zengfu, and Liao Lili collectively own 55%, 35%, and 10% of Advance Goal's issued share capital, respectively[57]. - Chen Yi Sung holds 36,730,000 shares, accounting for 10.80% of the company's total shares[58]. - The company has not engaged in any arrangements that would allow directors or major executives to acquire rights to purchase its securities during the reporting period[61]. - There were no purchases, redemptions, or sales of the company's listed securities by the company or its subsidiaries during the reporting period[62]. - The company’s articles of association do not contain provisions regarding preemptive rights for existing shareholders to purchase new shares[64]. Compliance and Regulations - The board has reminded all directors to comply with the company's securities trading regulations and policies[54]. - Lin Xiaoling, an executive director, violated the GEM listing rules by trading company securities during the blackout period without prior notification[54]. - The company has confirmed that there are no other individuals with 5% or more ownership in the company’s shares, aside from those disclosed[60]. - The company will closely monitor notifications sent to its directors, especially regarding blackout periods, to ensure compliance[54]. Future Outlook - The company believes there is significant growth potential for Nano-AM applications, which could expand revenue sources in the construction materials market[25]. - The company expects strong demand for high-end renovation services to continue, and plans to further explore this market[27]. Other Information - The group has no capital commitments as of June 30, 2023, and June 30, 2022[44]. - The group has no significant foreign exchange risk as most transactions are conducted in HKD, with negligible foreign currency financial assets[42]. - The group maintained a current ratio of 1.9, down from 2.3 as of March 31, 2023[41]. - The group plans to use the net proceeds of approximately HKD 10.644 million from the placement of shares solely for operational funding[46].

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的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不就因本公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。 COOLPOINT INNONISM HOLDING LIMITED 快意智能股份有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8040） 截至2023年6月30日止三個月 第一季度業績公告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在 聯交所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公 司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所 主板買賣的證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券 會有高流通量的市場。 本公告載有遵照聯交所GEM證券上市規則（「GEM上市規則」）提供的詳情，旨 在提供關於快意智能股份有限公司（前稱DCB控股有限公司）（「本公司」）及其附 ...

Financial Performance - The group's revenue increased by approximately 22.2% from about HKD 213.1 million in the previous year to approximately HKD 260.5 million in the current year, primarily due to increased revenue from large renovation projects[21]. - Gross profit rose from approximately HKD 400,000 in the previous year to approximately HKD 21.7 million in the current year, attributed to cost control measures and increased revenue[21]. - The company recorded a profit attributable to owners of approximately HKD 1.2 million for the current year, compared to a loss of approximately HKD 13.6 million in the previous year, mainly due to the increase in gross profit[21]. - The overall financial performance reflects a recovery trend following the previous year's losses, suggesting a positive outlook for future operations[21]. - The gross profit for the fiscal year was approximately HKD 21,700,000, an increase of about 602.4% from HKD 3,100,000 in the previous year[37]. - Administrative expenses increased by approximately 21.6% to HKD 18,600,000 in 2023 from HKD 15,300,000 in 2022, primarily due to higher employee costs and legal fees[42]. - Financing costs surged by approximately 308.5% to HKD 576,000 in 2023 from HKD 141,000 in 2022, mainly driven by increased interest on lease liabilities and bank borrowings[43]. - The group recorded a profit attributable to owners of approximately HKD 1,200,000 in 2023, a significant turnaround from a loss of HKD 13,600,000 in the previous year[45]. Revenue Sources - Revenue from renovation services was approximately HKD 83,000,000, a decrease of about 29.6% from HKD 117,800,000 in the previous year, primarily due to the completion of several large renovation projects[34]. - Revenue from renovation projects contributed approximately HKD 48,800,000 this year, down from HKD 92,600,000 last year[34]. - The company secured four large renovation projects with a total contract value of approximately HKD 198,300,000, contributing about HKD 30,500,000 to this year's revenue[29]. - The increase in revenue was primarily driven by the performance of large renovation projects, indicating a focus on this segment for future growth[21]. COVID-19 Impact - The company continues to assess the long-term impacts of the COVID-19 pandemic on the real estate market and its operations, while managing related risks and uncertainties[20]. - The company faced significant challenges due to the fifth wave of COVID-19, impacting project timelines and labor shortages, which adversely affected financial performance[20]. - The company is committed to monitoring and managing risks associated with the pandemic's ongoing effects on its business[20]. Innovation and Development - The company is focused on innovation and the development of new products, particularly in the field of nano-coatings, which have received multiple awards[6]. - The company has obtained exclusive sales rights for Nano-AM, a nano photocatalytic anti-fouling material, which is expected to expand its customer base and revenue sources[25]. - The company plans to actively participate in international boat shows to promote new materials and technologies, aiming to establish an international sales network[25]. - The company has a focus on developing the Nano-AM application service business segment, led by newly appointed executives[65][66]. Governance and Management - The management team includes experienced professionals with over 31 years in the renovation industry and over 15 years in banking and finance[64][66]. - The board of directors includes members with extensive engineering and financial backgrounds, enhancing strategic oversight[69][70][73]. - The company is committed to compliance and governance, with independent non-executive directors overseeing key committees[71][72]. - The financial director has over 40 years of experience in finance and accounting, contributing to the company's financial health[74]. - The company has appointed new independent directors to strengthen its governance framework and oversight capabilities[71][73]. - The company is actively pursuing new strategies to enhance its competitive position in the market[76]. Risk Management - The company faces risks related to reliance on major customers without long-term commitments and potential project delays due to subcontractor performance[91]. - The company has established a framework for risk management, including regular assessments and reporting to the board[198]. - The audit committee has reviewed the effectiveness of the risk management and internal control systems, finding them to be effective and sufficient[199]. - The board has confirmed that there are no significant uncertainties affecting the company's ability to continue as a going concern[189]. Shareholder Information - The company did not recommend any dividend distribution for the fiscal year ending March 31, 2023, consistent with the previous year[93]. - The total number of shares that can be issued under the share option plan is 32,000,000, representing 9.4% of the company's issued share capital[120]. - The company has maintained a strong reputation in the renovation and refurbishment industry, which has contributed to customer loyalty[84]. - The company maintains a public float of at least 25% of its total issued shares as required by GEM listing rules[135]. Compliance and Disclosure - The company has allocated sufficient resources for compliance with applicable laws and regulations, with no significant violations reported during the year[81]. - The company has implemented a disclosure policy in accordance with GEM listing rules and the Securities and Futures Ordinance[200]. - The policy ensures timely processing and announcement of inside information through the stock exchange and the company's website[200]. - All directors and senior management have received training on the implementation of the disclosure policy[200].

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的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不就因本公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。 COOLPOINT INNONISM HOLDING LIMITED 快意智能股份有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8040） 截至2023年3月31日止年度 年度業績公告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在 聯交所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公 司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所 主板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券 會有高流通量的市場。 本公告載有遵照聯交所GEM證券上市規則（「GEM上市規則」）提供的詳情，旨 在提供關於快意智能股份有限公司（「本公司」）及其附屬公司（統稱為「本集團」） ...

Financial Performance - The group's revenue for the nine months ended December 31, 2022, was approximately HKD 200.9 million, an increase of about 27.4% compared to HKD 157.7 million for the same period in 2021[4] - The loss and other comprehensive expenses for the period decreased by 65.6% to approximately HKD 2.0 million from HKD 5.9 million in the previous period[4] - The basic loss per share for the period was approximately HKD 0.61, compared to HKD 1.84 in the previous period[5] - The gross profit for the nine months was approximately HKD 14.1 million, significantly up from HKD 2.3 million in the same period last year[5] - The pre-tax loss for the nine months was approximately HKD 1.8 million, improved from a loss of HKD 5.9 million in the previous period[5] - The company reported a total comprehensive loss of approximately HKD 2.0 million for the nine months, compared to a loss of HKD 5.9 million in the previous period[7] - Total revenue for the three months ended December 31, 2022, was HKD 95,817,000, representing a 75.5% increase from HKD 54,586,000 in the same period of 2021[17] - The company reported a net profit of HKD 4,576,000 for the three months ended December 31, 2022, compared to a net loss of HKD 2,665,000 in the same period of 2021[25] Expenses and Costs - The administrative expenses for the nine months increased to HKD 12.2 million from HKD 9.8 million in the previous period[5] - Financing costs for the nine months ended December 31, 2022, increased to HKD 424,000 from HKD 99,000 in the same period of 2021[20] - The company reported a total labor cost of HKD 23,599,000 for the nine months ended December 31, 2022, compared to HKD 22,102,000 in the same period of 2021[21] - Service costs rose from approximately HKD 155.3 million to about HKD 186.8 million, an increase of approximately 20.3%[31] - Administrative expenses increased from approximately HKD 9.8 million to about HKD 12.2 million, a growth of approximately 24.8%[36] - Financing costs increased from approximately HKD 99,000 to about HKD 424,000, representing a growth of approximately 328.3%[37] Dividends and Equity - The company did not recommend the payment of an interim dividend for the period[4] - The company did not declare an interim dividend for the nine months ended December 31, 2022, consistent with the previous year[24] - The company’s total equity as of December 31, 2022, was approximately HKD 79.5 million, down from HKD 87.9 million at the end of the previous period[9] Business Operations - The company is primarily engaged in providing renovation and refurbishment services for the private sector in Hong Kong[12] - Revenue from renovation projects was approximately HKD 128.1 million, an increase of about 80.8% compared to approximately HKD 70.8 million in the previous period[30] - The company secured two large renovation contracts with a total contract value of approximately HKD 69.6 million, contributing HKD 18.9 million to total revenue during the period[26] - The company has obtained an exclusive sales license for a nano photocatalytic anti-fouling material (Nano-AM), expanding its maritime maintenance and repair business[27] - The company plans to explore opportunities in home repair and maintenance services due to strong demand in Hong Kong[29] Liquidity and Financial Management - Cash and bank balances were approximately HKD 26.9 million as of December 31, 2022, compared to approximately HKD 10.4 million as of March 31, 2022[45] - The group maintained a strong liquidity position through prudent financial management and continuous credit assessments of clients[50] - The board closely monitors the group's liquidity to ensure that its asset and liability structure meets funding needs[50] - The capital-to-debt ratio as of December 31, 2022, was 16.3%, up from 14.1% as of March 31, 2022[43] Employment and Governance - The group has a total of 59 employees as of December 31, 2022, down from 63 employees as of March 31, 2022[52] - The group has adopted a code of conduct for securities trading, ensuring compliance with GEM listing rules[56] - The chairman and CEO roles are held by the same individual, which deviates from corporate governance guidelines, but the board believes this enhances operational efficiency[55] Shareholder Information - Major shareholders include Advance Goal, which holds 164,200,000 shares, representing 48.29% of the total[61] - Chen Yi Sung holds 35,700,000 shares, accounting for 10.50% of the total shares[61] - As of December 31, 2022, the company had no undisclosed interests in its shares or related securities by directors or major executives[63] - The company did not engage in any arrangements allowing directors or major executives to acquire securities during the reporting period[64] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the reporting period[65] - The company has a stock option plan approved on January 19, 2018, which is valid for ten years, with no unexercised options as of December 31, 2022[68][69] Audit and Compliance - The audit committee, established on January 19, 2018, reviewed the unaudited consolidated financial statements and confirmed compliance with applicable accounting standards and GEM listing rules[72]