1 Luxey International (Holdings) Limited 薈萃國 際（ 控 股 ）有限公 司 （於開曼群島註冊成立之有限公司） （股份代號：8041） 網址：http://www.luxey.com.hk 截至二零二三年九月三十日止 三個月第一季度業績公佈 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為相比起其他於聯交所上市的公司帶有較高投資風險的中小型公司提供一個 上市的市場。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳考慮後 方作出投資決定。GEM之較高風險及其他特色表示GEM較適合專業及其他資深投資者。 由於GEM上市公司一般為中小型公司，於GEM買賣的證券可能會較於主板買賣的證券承受 較大的市場波動風險，同時無法保證於GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對��佈之內容概不負責，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��佈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。 ��佈乃根據GEM上市規則提供有關本公司之資料，各董事願就��佈之內容共同及個別承 擔全部責任。 ...

Financial Performance - The company reported a consolidated profit of $X million for the fiscal year, representing a Y% increase compared to the previous year[55]. - Total revenue for the year was approximately HK$71,914,000, up from HK$57,805,000 in the previous year, representing an increase of approximately 24.4%[31]. - Gross profit for the year was approximately HK$14,853,000, compared to HK$8,237,000 in the previous year, indicating an increase of approximately 80.5%[31]. - The gross profit margin for the swimwear and garment segment improved to 31.99% from 19.74% in the previous year, driven by higher revenue and profit margin orders[31]. - Revenue from the swimwear and garment segment was approximately HK$39,812,000, an increase of approximately 43% from HK$27,824,000 in the previous year[31]. - Revenue from the e-commerce and online shopping related segment was approximately HK$30,822,000, up from HK$28,465,000, while gross profit decreased to HK$837,000 from HK$1,229,000 due to weaker sales pricing[37]. - The money lending segment generated revenue of approximately HK$1,280,000, a decrease from HK$1,516,000 in the previous year, maintaining a gross profit margin of 100%[40]. - The Company experienced a reversal of impairment losses of approximately HK$547,000 compared to impairment losses of HK$6,569,000 in the previous year[30]. - Administrative expenses increased to HK$18,358,000 from HK$17,574,000, reflecting a rise in operational costs[30]. Market Outlook and Strategy - The company provided a positive outlook for the next fiscal year, projecting revenue growth of B% driven by new product launches and market expansion[56]. - The company plans to expand its market presence in D regions, aiming for a market share increase of E%[56]. - A strategic acquisition was completed, expected to contribute an additional $F million in annual revenue[62]. - The company has introduced G new products this year, which are anticipated to drive sales growth by H%[56]. - The Company plans to continue focusing on expanding its swimwear and garment segment, particularly in the European market as demand recovers post-COVID-19[31]. - The Group will consider diversifying its operations when appropriate business opportunities arise[78][81]. Operational Efficiency - Operating expenses were reduced by I%, improving overall profitability margins[55]. - The Group has ceased operations in Cambodia, redirecting all customer orders to its production base in China, aiming to improve manufacturing and trading of swimwear and garment products[76][79]. - The management expects the manufacturing segment to continue improving as COVID-19 subsides, while also implementing cost-cutting measures in response to temporary unfavorable market conditions[76][79]. - The e-commerce segment faces challenges due to decreased supply and demand for second-hand mobile phones, prompting the Group to streamline operations[77][80]. - The Group is committed to maintaining its money lending business and will allocate sufficient resources to meet business demands[77][81]. Customer and Supplier Dependency - The five largest customers accounted for 90% of total revenue, an increase from 60% in 2022, highlighting a significant dependency on key customers[54]. - The Group's five largest suppliers accounted for 85% of total purchases, up from 54% in 2022, indicating a high reliance on a small number of suppliers[53]. - The largest customer accounts for 40% of the Group's total revenue, while the five largest customers together represent 90%[163]. - The largest supplier constitutes 61% of the Group's total purchases, with the five largest suppliers collectively accounting for 85%[163]. Employee and Governance - As of June 30, 2023, the Group had 88 full-time employees, a decrease from 95 in the previous financial year, with total staff costs approximately HK$14,648,000 compared to HK$15,517,000 in 2022[66][71]. - The Group's emolument policy is based on merit, qualifications, and competence, with Directors' emoluments reflecting the Group's operating results[129]. - The Group encourages employee participation in external seminars to enhance knowledge in legal, compliance, and financial reporting areas[178]. - Health and safety are prioritized, with efforts to provide a safe working environment for employees[167]. - The Group supports community involvement and encourages staff participation in charitable events[169]. - Share options are provided to retain loyal employees and incentivize contributions to the Group's success[177]. Corporate Governance - The Company has complied with the GEM Listing Rules on corporate governance during the fiscal year ending June 30, 2023[197]. - The Group is committed to maintaining high standards of corporate governance and has complied with the Corporate Governance Code during the year[190]. - The Board has adopted a dividend policy that considers liquidity, financial performance, and future commitments when declaring dividends[186]. - The balance between Executive Directors and Non-executive Directors is deemed reasonable to safeguard the interests of Shareholders[199]. - The Board believes it has the necessary skills and experience to act in the best interest of the Company[200]. - Daily operations and execution are delegated to management, ensuring effective governance[198]. - The Company monitors the training and continuous professional development of Directors and senior management[198]. - The Company has developed a code of conduct and compliance manual applicable to Directors and employees[198]. Financial Position - Total assets as of June 30, 2023, were approximately HK$64,499,000, a slight decrease from HK$65,347,000 in 2022[48]. - Bank balances and cash increased to approximately HK$13,239,000 from HK$6,842,000 in 2022[48]. - The current ratio decreased to approximately 1.97 from 2.13 in 2022, while the gearing ratio improved to 56% from 77%[48]. - As of June 30, 2023, the Group did not have any material borrowings or pledges of assets[108]. - The Group has no material contingent liabilities or charges on assets as of June 30, 2023, remaining unchanged from 2022[67][68][72][73]. Share Capital and Ownership - The total issued share capital of the company was 792,745,615 shares as of June 30, 2023[146]. - Mr. Lau Chi Yuen, Joseph holds 149,294,199 shares, representing 18.83% of the issued share capital[143]. - JL Investments Capital Limited owns 141,674,199 shares, accounting for 17.87% of the issued share capital[143]. - Big Good Management Limited has 135,053,384 shares, which is 17.04% of the issued share capital[143]. - Mr. Ma Hoi Cheuk holds 135,053,384 shares, representing 17.04% of the issued share capital[146]. - Wide Select Investments Limited owns 126,642,000 shares, accounting for 15.98% of the issued share capital[146]. - The percentage of issued share capital held by Wide Select and Mr. Lee is 29.95% with 237,435,165 shares[148]. - The conversion price of the outstanding convertible non-voting preference shares was adjusted from HK$1.20 to HK$1.121 per share due to a Rights Issue[148]. - The conversion price of series B convertible non-voting preference shares was adjusted from HK$0.30 to HK$0.2803 per share as a result of the Rights Issue[150]. - At least 25% of the company's total issued share capital was held by the public throughout the year[161].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，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佈全部或任何部分內容而產生或因 倚賴該等內容而引致之任何損失承擔任何責任。 1 Luxey International (Holdings) Limited 薈萃國 際（ 控 股 ）有限公 司 （於開曼群島註冊成立之有限公司） （股份代號：8041） 網址：http://www.luxey.com.hk 二零二三年全年業績 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為相比起其他於聯交所上市的公司帶有較高投資風險的中小型公司提供一個 上市的市場。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳考慮後 方作出投資決定。GEM之較高風險及其他特色表示GEM較適合專業及其他資深投資者。 由於GEM上市公司一般為中小型公司，於GEM買賣的證券可能會較於主板買賣的證券承受 較大的市場波動風險，同時無法保證於GEM買賣的證券會有高流通量的市場。 本公佈乃根據GEM上市規則提供有關本公司之資料，各董事願就本公佈之內容共同及個別承 擔全部責任。各董事在作出一切 ...

Financial Performance - Revenue for the nine months ended March 31, 2023, increased to HKD 53,743,000, up 17.5% from HKD 45,903,000 in the same period last year[3] - Gross profit for the nine months ended March 31, 2023, was HKD 10,914,000, representing a 74.5% increase compared to HKD 6,249,000 in the previous year[3] - Operating profit for the nine months ended March 31, 2023, improved to a loss of HKD 937,000, a significant reduction from a loss of HKD 5,870,000 in the same period last year[3] - The company reported a profit of HKD 696,000 for the three months ended March 31, 2023, compared to a loss of HKD 2,137,000 in the same quarter last year[4] - Basic earnings per share for the nine months ended March 31, 2023, was HKD 0.09, compared to a loss per share of HKD 0.80 in the previous year[3] - Total comprehensive income for the nine months ended March 31, 2023, was a loss of HKD 623,000, an improvement from a loss of HKD 5,715,000 in the same period last year[4] - The company reported a loss attributable to shareholders of approximately HKD 1,277,000 for the nine months ended March 31, 2023, a decrease of 80% compared to a loss of HKD 6,333,000 in the same period in 2022[27] Revenue Segmentation - The company's revenue for the nine months ended March 31, 2023, was approximately HKD 53,743,000, an increase of about 17% compared to HKD 45,903,000 for the same period in 2022[27] - The swimwear and apparel segment generated revenue of approximately HKD 28,803,000, up from HKD 19,605,000 in the same period last year, with a gross profit of HKD 9,205,000 and a gross margin of 32%[27] - The e-commerce and online shopping segment reported revenue of approximately HKD 23,932,000, down from HKD 25,108,000, with a gross profit of HKD 701,000 and a gross margin of 3%[29] - The lending segment's revenue was approximately HKD 1,008,000, with a consistent gross margin of 100%[30] Equity and Shareholder Information - The total equity attributable to the owners of the company as of March 31, 2023, was HKD 52,271,000, down from HKD 67,783,000 at the beginning of the period[6] - As of March 31, 2023, major shareholders include Liu Zhiyuan with 18.83%, JL Investments Capital Limited with 17.87%, and Big Good Management Limited with 17.04% of the issued share capital[44] - The company has not repurchased any shares during the reporting period[50] - The new share option plan was approved on November 28, 2017, and will remain effective for ten years unless revoked or amended[36] - The maximum number of unexercised share options granted under the plan is capped at 10% of the company's issued shares at any time[38] - No unexercised share options were outstanding as of March 31, 2023[39] Operational Insights - The company operates in high-end swimwear and apparel production, e-commerce, and lending services[11] - The company continues to implement effective cost measures to control its business cost structure[32] - The gross margin for the swimwear and apparel segment improved significantly from 19% to 32% due to increased order revenue and improved profit margins[27] - The company expects continued growth in its swimwear and apparel segments due to the improving global COVID-19 situation[35] - The company plans to implement cost-cutting measures to address current unfavorable market conditions, which are expected to be temporary[35] - The e-commerce segment faces challenges due to reduced supply and demand for second-hand mobile phones, prompting the company to streamline operations in this area[35] - The lending business will continue to be maintained and developed, with ample resources allocated to meet business demands[35] - The management is focused on optimizing the use of operational and financial resources and will consider diversification when suitable opportunities arise[35] Compliance and Governance - The company has established an audit committee to review financial reports and internal controls, consisting of three independent non-executive directors[53] - As of March 31, 2023, the company reported no known conflicts of interest among directors, major shareholders, and management[52] - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with GEM listing rules[56] - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from July 1, 2022, with no significant impact on the financial statements[10] Other Financial Information - The company recorded other comprehensive income of HKD 794,000 for the nine months ended March 31, 2023, compared to HKD 796,000 in the previous year[4] - No interim dividend was recommended for the nine months ended March 31, 2023, consistent with the previous year[31] - The company has no significant contingent liabilities as of March 31, 2023[33] - The conversion price of the non-voting convertible preference shares has been adjusted from HKD 1.20 to HKD 1.121 due to a rights issue[51]

1 Luxey International (Holdings) Limited 薈萃國 際（ 控 股 ）有限公 司 （於開曼群島註冊成立之有限公司） （股份代號：8041） 網址：http://www.luxey.com.hk 截至二零二三年三月三十一日止 九個月第三季度業績公佈 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為相比起其他於聯交所上市的公司帶有較高投資風險的中小型公司提供一個 上市的市場。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳考慮後 方作出投資決定。GEM之較高風險及其他特色表示GEM較適合專業及其他資深投資者。 由於GEM上市公司一般為中小型公司，於GEM買賣的證券可能會較於主板買賣的證券承受 較大的市場波動風險，同時無法保證於GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本公佈之內容概不負責，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佈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。 本公佈乃根據GEM上市規則提供有關本公司之資料，各董事願就本公佈之內容共同及個別承 擔全部責任 ...

Financial Performance - Revenue for the six months ended December 31, 2022, was HKD 34,565,000, an increase of 28% compared to HKD 27,068,000 for the same period in 2021[4] - Gross profit for the six months ended December 31, 2022, was HKD 5,699,000, representing a 28% increase from HKD 4,456,000 in the previous year[4] - Operating profit improved to HKD 1,760,000 for the six months ended December 31, 2022, compared to an operating loss of HKD 3,934,000 in the same period of 2021[4] - The net loss for the six months ended December 31, 2022, was HKD 2,113,000, a significant reduction from a loss of HKD 4,374,000 in the prior year[4] - Basic earnings per share for the six months ended December 31, 2022, was HKD 0.25, compared to a loss per share of HKD 0.54 in the same period of 2021[4] - The company reported a loss attributable to shareholders of approximately HKD 2,018,000 for the six months ended December 31, 2022, compared to a loss of HKD 4,253,000 in the same period of 2021[26] - For the three months ended December 31, 2022, the company recorded a profit attributable to shareholders of approximately HKD 432,000, compared to a loss of HKD 1,016,000 in the same period of 2021[27] Assets and Liabilities - Total assets as of December 31, 2022, amounted to HKD 66,203,000, an increase from HKD 61,878,000 as of June 30, 2022[7] - Current liabilities increased to HKD 36,142,000 as of December 31, 2022, compared to HKD 29,086,000 as of June 30, 2022[7] - The company's total equity decreased to HKD 31,534,000 as of December 31, 2022, down from HKD 33,040,000 as of June 30, 2022[8] - The group’s total liabilities increased to HKD 38,166 thousand as of December 31, 2022, compared to HKD 32,307 thousand as of June 30, 2022[22] Segment Performance - Revenue from external customers for the e-commerce and online shopping segment was HKD 17,284 thousand, while the swimwear and apparel segment generated HKD 16,534 thousand, totaling HKD 34,565 thousand for the six months ended December 31, 2022, compared to HKD 27,068 thousand in 2021, representing a 28% increase[18][22] - The group reported a total segment profit of HKD 240 thousand for the six months ended December 31, 2022, compared to a segment loss of HKD (1,860) thousand in the same period of 2021[21] - The swimwear and apparel segment generated revenue of approximately HKD 17,284,000, up from HKD 8,740,000 in the same period last year[47] - The e-commerce and online shopping segment reported revenue of approximately HKD 16,534,000, a decrease from HKD 17,546,000 in the previous year[48] Cash Flow and Financing - The net cash used in operating activities for the six months ended December 31, 2022, was HKD (1,235) thousand, an improvement from HKD (11,532) thousand in the same period of 2021[12] - Interest income from lending activities was HKD 747 thousand for the six months ended December 31, 2022, slightly down from HKD 782 thousand in the same period of 2021[22] - The group incurred financing costs of HKD 353 thousand for the six months ended December 31, 2022, compared to HKD 440 thousand in the same period of 2021[23] - The cash and cash equivalents decreased by HKD 3,258 thousand during the six months ended December 31, 2022, compared to a decrease of HKD 13,334 thousand in the same period of 2021[12] Corporate Governance - The company continues to adopt new and revised Hong Kong Financial Reporting Standards without significant impact on the financial statements[15] - The board did not recommend the payment of an interim dividend for the six months ended December 31, 2022[51] - An audit committee has been established to review financial reports and oversee financial reporting procedures[77] - The company has adhered to the corporate governance code as per GEM listing rules during the reporting period[79] Future Outlook and Strategy - The company plans to continue focusing on market expansion and new product development to drive future growth[1] - The group anticipates improvement in the production and sales of swimwear and apparel products as COVID-19 continues to subside globally[61] - The group will continue cost-cutting measures and rationalize production bases to address expected short-term adverse market conditions[61] - The management continues to formulate business strategies to optimize the use of operational and financial resources[61] - The group will consider diversifying its business when suitable opportunities arise[61] Shareholder Information - As of December 31, 2022, major shareholders include Liu Zhi Yuan with 18.83% and JL Investments Capital Limited with 17.87% of issued shares[69] - The total number of issued shares as of December 31, 2022, is 792,745,615[70] - Wide Select Investments Limited holds 31.06% of the issued share capital through convertible non-voting preference shares[73] - The company has issued 182,092,500 non-voting convertible preference shares, with the conversion price adjusted from HKD 0.30 to HKD 0.2803 due to a rights issue[74] - No shares were repurchased, purchased, or sold by the company or its subsidiaries during the reporting period[75]

Financial Performance - Revenue for the three months ended September 30, 2022, was HKD 18,163,000, an increase of 36.5% compared to HKD 13,383,000 for the same period in 2021[4] - Gross profit for the same period was HKD 1,540,000, with a gross margin of approximately 8.5%[4] - Operating loss decreased to HKD 2,320,000 from HKD 3,066,000 year-over-year, representing a 24.3% improvement[4] - Loss before tax was HKD 2,492,000, down from HKD 3,301,000, indicating a 24.4% reduction in losses[4] - Basic and diluted loss per share improved to HKD 0.31 from HKD 0.41, reflecting a 24.4% decrease in loss per share[4] - Total comprehensive loss for the period was HKD 1,929,000, compared to HKD 3,285,000 in the previous year, marking a 41.2% improvement[6] Revenue Breakdown - Revenue from the sale of swimwear and clothing products was HKD 5,632,000, significantly up from HKD 290,000 in the prior year[15] - Revenue from the sale of second-hand mobile phones was HKD 12,143,000, compared to HKD 11,809,000, showing a slight increase of 2.8%[15] - Revenue from the swimwear and apparel segment was approximately HKD 5,632,000, significantly up from HKD 1,147,000 in the same period last year, with a gross margin of 14%[28] - Revenue from the e-commerce and online shopping segment was approximately HKD 12,143,000, slightly up from HKD 11,809,000, but with a decreased gross margin of 3%[29] - Interest income from lending activities was HKD 388,000, down from HKD 427,000, indicating a decrease of 9.1%[15] - The lending segment generated revenue of approximately HKD 388,000, down from HKD 427,000 in the same period last year, maintaining a gross margin of 100%[30] Corporate Strategy and Governance - The company continues to focus on expanding its e-commerce and media-related services, alongside its core business in high-end swimwear and apparel[11] - The company plans to continue cost-cutting measures and rationalize production bases to address current market conditions[34] - The company aims to deepen relationships with existing customers and seek new opportunities, including those in mainland China[34] - The company did not recommend the payment of dividends for the three months ended September 30, 2022, consistent with the previous year[24] - The audit committee reviewed the unaudited results for the three months ending September 30, 2022[51] - The company complied with the corporate governance code as per GEM listing rules during the reporting period[54] - The company has adopted a code of conduct for securities trading by directors, in compliance with GEM listing rules[54] - The company is not aware of any incidents related to employees violating the code of conduct[55] Shareholder Information - The total number of issued shares as of September 30, 2022, was 792,745,615[44] - Liu Zhiyuan held 149,294,199 shares, representing approximately 18.83% of the issued share capital[43] - JL Investments owned 141,674,199 shares, accounting for approximately 17.87% of the issued share capital[43] - Big Good Management Limited held 135,053,384 shares, which is about 17.04% of the issued share capital[43] - The company did not repurchase any shares during the reporting period[51] - No significant shareholder or director had any competing business interests as of September 30, 2022[51] - As of September 30, 2022, the company had no unexercised share options under the plan[37] Miscellaneous - The conference call was held on November 8, 2022[57] - The chairman of the board is Liu Jinfa[56]

Financial Performance - The company reported a consolidated profit of HKD 50 million for the fiscal year, representing a 20% increase compared to the previous year[6]. - Total revenue for the year was approximately HK$57,805,000, down from HK$71,207,000 in the previous year, while gross profit increased to HK$8,237,000 from HK$6,619,000[36]. - The loss attributable to owners of the Company was approximately HK$15,256,000, an increase from HK$5,170,000 for the year ended June 30, 2021[35]. - Administrative expenses decreased to HK$17,574,000 from HK$25,343,000 in the previous year, contributing to the overall financial performance[35]. - Finance costs decreased to approximately HK$844,000 from HK$2,241,000 in the previous year, indicating improved financial management[35]. - The Group's bank balances and cash decreased to approximately HK$6,842,000 from HK$18,206,000 in 2021, indicating a significant reduction in liquidity[52]. - The current ratio as of June 30, 2022, was approximately 2.13, down from 2.87 in the previous year, reflecting a tightening liquidity position[52]. - The gearing ratio increased to 77% in 2022 from 29% in 2021, calculated as net debt divided by total equity[52]. Revenue Segments - Revenue from the Swimwear and garment segment was approximately HK$27,824,000, significantly up from HK$16,499,000 in 2021, with a gross profit margin of 19.74%[36]. - The E-commerce and on-line shopping related segment generated revenue of approximately HK$28,465,000, down from HK$50,771,000 in 2021, with a gross profit margin of 4.32%[42]. - The money lending segment reported revenue of approximately HK$1,516,000, unchanged from the gross profit of HK$1,516,000, maintaining a gross profit margin of 100%[45][47]. - The decline in the e-commerce segment's gross profit was primarily attributed to a decrease in revenue, exacerbated by supply chain disruptions due to the COVID-19 pandemic[43]. User and Market Growth - User data showed a growth in active users by 15%, reaching a total of 1.2 million users[6]. - The company has provided a revenue guidance of HKD 60 million for the next fiscal year, indicating a projected growth of 10%[6]. - New product launches are expected to contribute an additional HKD 10 million in revenue, with a focus on expanding the product line in the next quarter[6]. - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[6]. - The Company experienced a substantial increase in orders from European customers as the impact of COVID-19 subsided[36]. Strategic Initiatives - The company is investing HKD 5 million in research and development for new technologies aimed at enhancing user experience[6]. - The company is considering strategic acquisitions to enhance its competitive position, with a budget of HKD 15 million allocated for potential deals[6]. - The management emphasized a commitment to improving operational efficiency, targeting a 10% reduction in costs over the next year[6]. - The company plans to enhance its digital marketing efforts, aiming for a 25% increase in online engagement[6]. - A new partnership with a leading tech firm is expected to drive innovation and improve service delivery[6]. Employee and Corporate Governance - As of June 30, 2022, the Group had 95 full-time employees, up from 88 in the previous financial year, with total staff costs approximately HK$15,517,000, down from HK$18,049,000 in 2021[69]. - The emolument policy for employees is based on merit, qualifications, and competence, determined by the Compensation Committee[135]. - The Group encourages employee participation in external seminars to enhance knowledge in legal, compliance, and financial reporting areas[196]. - The Group is committed to maintaining a high standard of corporate social governance and environmental sustainability[182]. Shareholder Information - The Directors do not recommend the payment of a dividend for the year, consistent with the previous year where no dividend was paid[84]. - The total number of issued shares as of June 30, 2022, is 792,745,615[144]. - The largest customer accounted for 28% of the Group's total revenue, while the five largest customers collectively represented 60%[178]. - The largest supplier contributed 18% to the Group's total purchases, with the five largest suppliers together accounting for 54%[178]. - Throughout the Year, at least 25% of the Company's total issued share capital was held by the public[174].

Financial Performance - Revenue for the nine months ended March 31, 2022, was HKD 45,903,000, an increase of 15.6% compared to HKD 39,654,000 for the same period in 2021[6] - The gross profit for the nine months ended March 31, 2022, was HKD 6,249,000, compared to HKD 4,475,000 for the same period in 2021, reflecting a gross margin improvement[6] - The operating loss for the nine months ended March 31, 2022, was HKD 5,870,000, compared to a loss of HKD 5,414,000 for the same period in 2021, indicating a slight deterioration in operational performance[6] - The net loss attributable to owners for the nine months ended March 31, 2022, was HKD 6,333,000, compared to HKD 6,706,000 for the same period in 2021, showing a reduction in losses[6] - Basic loss per share for the nine months ended March 31, 2022, was HKD 0.80, compared to HKD 0.86 for the same period in 2021, indicating an improvement in per-share performance[6] - Total comprehensive loss for the nine months ended March 31, 2022, was HKD 5,715,000, compared to HKD 7,467,000 for the same period in 2021, reflecting a decrease in overall losses[7] Revenue Segmentation - Revenue from the swimwear and apparel segment for the nine months ended March 31, 2022, was approximately HKD 19,605,000, up from HKD 14,167,000 in the previous year[31] - Revenue from the e-commerce and online shopping segment was approximately HKD 25,108,000 for the nine months ended March 31, 2022, down from HKD 39,304,000 in the previous year[32] - The lending segment generated revenue of approximately HKD 1,190,000 for the current period, maintaining a gross profit margin of 100%[33] Gross Margin Analysis - The gross margin for the swimwear and apparel segment improved to approximately 19% for the nine months ended March 31, 2022, compared to a gross loss margin of 2% in the same period of 2021[31] - The gross margin for the e-commerce and online shopping segment increased to 5% for the nine months ended March 31, 2022, compared to 3% in the same period of 2021[32] Business Operations - The company continues to engage in the production and sale of high-end swimwear and apparel products, as well as e-commerce and lending services, indicating ongoing business diversification[13] - The company plans to expand its e-commerce operations and capitalize on anticipated market recovery opportunities[35] - The lending business will continue to be developed with ample resources allocated to meet business demands[35] - The company continues to implement effective cost control measures and is cautiously expanding its business through natural growth[34] - The outlook for the swimwear and apparel manufacturing segment has improved, with a gradual increase in orders, although challenges remain due to the pandemic[35] Corporate Governance - The company is listed on the GEM of the Hong Kong Stock Exchange, which is known for higher investment risks associated with smaller companies[3] - The financial statements are prepared in accordance with the GEM listing rules, ensuring compliance with applicable disclosure requirements[14] - The audit committee has reviewed the unaudited results for the nine months ended March 31, 2022[47] - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[48] - All directors have adhered to the trading standards set forth in the company's securities trading code[48] - The company is not aware of any incidents of employees violating the trading code[49] Shareholder Information - Major shareholders include Liu Zhi Yuan with 18.90% and JL Investments Capital Limited with 17.94% of the issued share capital[41] - The total number of issued shares as of March 31, 2022, was 789,745,615[42] - Wide Select holds 249,225,166 shares, representing 31.56% of the issued share capital[43] Share Transactions - The company did not redeem any shares during the reporting period[46] - There were no purchases or sales of shares by the company or its subsidiaries during the reporting period[46] - As of March 31, 2022, there were no unexercised share options under the new share option plan initiated on November 28, 2017[38] Taxation - The company experienced no taxable profits during the nine months ended March 31, 2022, thus no provision for Hong Kong profits tax was required[18] Dividend Policy - The company did not recommend any dividend payment for the nine months ended March 31, 2022, consistent with the previous year[24] - The board did not recommend an interim dividend for the nine months ending March 31, 2022, consistent with the previous year[34] Financial Reporting Standards - The company adopted new and revised Hong Kong Financial Reporting Standards effective from July 1, 2021, which did not have a significant impact on the financial statements[17] Foreign Exchange Impact - Other comprehensive income for the nine months ended March 31, 2022, included a foreign exchange gain of HKD 796,000, compared to a loss of HKD 17,000 for the same period in 2021[7]

Financial Performance - Total revenue for the six months ended December 31, 2021, was HKD 27,068,000, an increase of 19.8% compared to HKD 22,612,000 for the same period in 2020[2] - Gross profit for the six months ended December 31, 2021, was HKD 4,456,000, representing a gross margin of 16.5%[2] - The company reported a loss of HKD 4,374,000 for the six months ended December 31, 2021, compared to a loss of HKD 3,636,000 for the same period in 2020[2] - The basic loss per share for the six months ended December 31, 2021, was HKD 0.54, compared to HKD 0.38 for the same period in 2020[2] - The company reported a total comprehensive loss of HKD 3,827,000 for the six months ended December 31, 2021, compared to a loss of HKD 3,547,000 for the same period in 2020[5] - The company reported a basic loss attributable to owners of approximately HKD 4,253,000 for the six months ended December 31, 2021, compared to HKD 2,975,000 for the same period in 2020, resulting in a basic loss per share of HKD 0.0054[32] - For the three months ended December 31, 2021, the basic loss attributable to owners was approximately HKD 1,016,000, compared to HKD 241,000 for the same period in 2020[33] Revenue Breakdown - Revenue from external customers for the six months ended December 31, 2021, was HKD 27,068 thousand, down from HKD 33,095 thousand in the same period of 2020, representing a decline of approximately 18.2%[25] - Revenue from the swimwear and apparel segment was approximately HKD 8,740,000, with a gross profit of HKD 2,647,000 and a gross margin of 30.29%[54] - Revenue from the e-commerce and online shopping segment was approximately HKD 17,546,000, with a gross profit of HKD 1,027,000 and a gross margin of 5.85%[55] - The lending segment generated revenue of approximately HKD 782,000, maintaining a gross margin of 100%[57] Expenses and Liabilities - Administrative expenses decreased to HKD 8,612,000 for the six months ended December 31, 2021, down from HKD 11,528,000 in the same period of 2020, reflecting a reduction of 25.5%[2] - The total liabilities as of December 31, 2021, were HKD 28,011,000, an increase from HKD 26,446,000 as of June 30, 2021[6] - The group’s total liabilities as of December 31, 2021, were HKD 32,749 thousand, slightly up from HKD 32,325 thousand as of June 30, 2021[24] - Total liabilities increased to HKD 21,945,000 as of December 31, 2021, compared to HKD 21,079,000 as of June 30, 2021[39] Assets and Cash Flow - The net asset value as of December 31, 2021, was HKD 44,582,000, a decrease from HKD 48,409,000 as of June 30, 2021[8] - The company had total current assets of HKD 73,038,000 as of December 31, 2021, compared to HKD 75,802,000 as of June 30, 2021[6] - Total assets as of December 31, 2021, amounted to HKD 77,331 thousand, a decrease from HKD 80,734 thousand as of June 30, 2021[24] - The cash and cash equivalents at the end of the period decreased to HKD 5,176 thousand from HKD 18,893 thousand at the end of the previous year[12] - The net cash used in operating activities for the six months ended December 31, 2021, was HKD (11,532) thousand, a decrease from HKD 41,986 thousand in the same period of 2020[12] - The group’s cash flow from investing activities was a net outflow of HKD (106) thousand for the six months ended December 31, 2021, compared to an inflow of HKD 3,486 thousand in the same period of 2020[12] Share Capital and Dividends - The company’s issued and fully paid share capital remained at HKD 1,050,000,000 as of December 31, 2021[41] - The company did not declare any dividends for the six months ended December 31, 2021, consistent with the previous year[35] - The company did not recommend the payment of an interim dividend for the six months ended December 31, 2021[58] Employee and Corporate Governance - The group had a total of 98 full-time employees as of December 31, 2021, an increase from 88 employees as of June 30, 2021[61] - The audit committee consists of three independent non-executive directors and has reviewed the unaudited results for the six months ending December 31, 2021[76] - The company has complied with the GEM Listing Rules regarding corporate governance, except for the specific term appointment of non-executive directors[78] - All directors have adhered to the trading standards and the company's code of conduct regarding securities transactions during the reporting period[78] - The company is not aware of any incidents of employees violating the code of conduct regarding securities transactions[79] Market Conditions and Future Plans - The pandemic has significantly impacted the swimwear and apparel segment, leading to a substantial decrease in orders, with ongoing challenges expected[63] - The e-commerce segment has faced supply challenges due to global trade disruptions, but recovery in trade and logistics is anticipated[63] - The group plans to deepen relationships with existing customers and seek new opportunities, particularly in mainland China[63] - The group intends to maintain and develop its lending business, allocating sufficient resources to meet business demands[63] Shareholder Information - Major shareholders include Liu Zhi Yuan with 18.88% and JL Investments Capital Limited with 17.94% of the issued share capital[69] - Wide Select holds 249,225,166 shares, representing 31.56% of the issued share capital[73] - The conversion price for the non-voting convertible preference shares has been adjusted from HKD 1.20 to HKD 1.121 due to a rights issue[74] - The company did not repurchase any shares during the reporting period[75]