KOS International Holdings Limited 高 奧 士 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：8042） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 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。 香港交易及結算所有限公司及聯交所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。 本公告的資料乃遵照聯交所《GEM證券上市規則》（「GEM上市規則」）而刊載， 旨在提供有關高奧士國際控股有限公司（「本公司」）的資料；本公司的董事（「董 事」）願就本 ...

Financial Performance - The company's revenue for the first quarter of 2023 was HKD 31,091,000, an increase of 6.3% compared to HKD 29,250,000 in the same period of 2022[4] - The company reported a loss before tax of HKD 517,000, a decrease from a profit of HKD 5,513,000 in the same quarter of 2022[4] - The net loss for the period was HKD 715,000, compared to a profit of HKD 4,942,000 in the previous year[4] - Total comprehensive income for the period was a loss of HKD 617,000, down from a total comprehensive income of HKD 4,985,000 in the same quarter of 2022[4] - The company reported a basic loss per share of HKD (715,000) for the three months ended March 31, 2023, compared to a profit of HKD 4,942,000 for the same period in 2022[18] - Total comprehensive income for the three months ended March 31, 2023, resulted in a net loss of approximately HKD 617,000, a decrease of approximately HKD 5,602,000 from a net profit of HKD 4,985,000 in the same period of 2022[43] Revenue Segmentation - The recruitment services segment in Hong Kong generated HKD 16,889,000, up from HKD 16,469,000, while the segment in China decreased to HKD 3,530,000 from HKD 7,466,000[14] - The dispatch and payroll services segment in Hong Kong saw significant growth, increasing to HKD 9,992,000 from HKD 4,762,000, and the segment in Macau rose to HKD 680,000 from HKD 553,000[14] - Revenue from Hong Kong's recruitment services increased slightly by approximately HKD 420,000 or 2.6% to approximately HKD 16,889,000 for the three months ended March 31, 2023, compared to approximately HKD 16,469,000 for the same period in 2022[26] - Revenue from Hong Kong's dispatch and payroll services surged by approximately HKD 5,230,000 or 109.8% to approximately HKD 9,992,000 for the three months ended March 31, 2023, compared to approximately HKD 4,762,000 for the same period in 2022[26] - Recruitment service revenue decreased by approximately HKD 3,516,000 or 14.7% to HKD 20,419,000, primarily due to adjustments in the recruitment service market in mainland China[35] - The revenue from dispatch and payroll services increased by approximately HKD 5,357,000 or 100.8% to HKD 10,672,000, attributed to the expansion of the dispatch team and new strategies focusing on higher-margin clients[35] - The revenue from Hong Kong accounted for approximately 86.5% of total revenue for the three months ended March 31, 2023, compared to 72.6% in the same period of 2022[35] Employee Costs - Employee costs increased to HKD 24,390,000 from HKD 17,843,000, reflecting a rise of 36.5%[4] - Employee costs for the three months ended March 31, 2023, were approximately HKD 24,390,000, representing 78.4% of total revenue, compared to 61.0% in the same period of 2022[36] Corporate Governance and Compliance - The company confirmed that the financial statements were prepared in accordance with Hong Kong Financial Reporting Standards and GEM Listing Rules[11] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the three months ended March 31, 2023, and provided recommendations[63] - The company has complied with the corporate governance code as stipulated in the GEM Listing Rules during the three months ended March 31, 2023[58] - The company has confirmed that all directors have adhered to the trading standards and guidelines for securities transactions during the three months ended March 31, 2023[60] - No interests were held by directors or major shareholders in any business that directly or indirectly competes with the company's operations during the three months ended March 31, 2023[57] Strategic Initiatives - The company has established an office in Singapore to expand its service offerings and revenue base[21] - The company aims to become a leading human resources service provider in Hong Kong, mainland China, and Southeast Asia, with plans to expand its team and services[20] - The company is focusing on high-margin new clients in its dispatch and payroll services to enhance profitability[26] - The company is investing additional resources to build its mainland China team and provide more training to adapt to the changing environment[27] - The company is following the development plan of the Guangdong-Hong Kong-Macao Greater Bay Area, increasing business in technology, consumption, and real estate sectors in Shenzhen and Guangzhou[28] - The company plans to focus on developing industries with recovery potential and invest in dedicated teams in Hong Kong and mainland China[31] - The company maintains a cautious optimism regarding its overall performance in 2023, while actively exploring opportunities for business expansion[32] Shareholding Structure - As of March 31, 2023, the company's directors and senior executives collectively hold 600,000,000 shares, representing approximately 75% of the issued share capital[46] - KJE Limited and Caiden Holdings Limited each hold 600,000,000 shares, also accounting for approximately 75% of the issued share capital[50] - The shareholding structure indicates that each of the three directors owns about 33.33% of KJE Limited, which holds 450,000,000 shares[48] - No stock options have been granted, exercised, canceled, or lapsed since the adoption of the stock option plan on September 13, 2018, with no unexercised options as of March 31, 2023[53] - The company did not purchase, sell, or redeem any of its listed securities during the three months ended March 31, 2023[56] Dividend Policy - The company did not recommend the payment of an interim dividend for the three months ended March 31, 2023, consistent with the previous year[18] - The company did not recommend the payment of dividends for the three months ended March 31, 2023[44] Board Composition - The board consists of three executive directors and three independent non-executive directors[65] Earnings Report - The first quarter of 2023 earnings report was released[66]

KOS International Holdings Limited 高 奧 士 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：8042） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 三 個 月 之 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。有意投資的人士應瞭解投資於該等公司 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。 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。 本公告的資料乃遵照聯交所《GEM證券上市規則》（「GEM上市規則」）而刊載， 旨在提供有關高奧士國際控股有限公司（「本公司」）的資料；本公 ...

Revenue Growth - For the year ended December 31, 2022, the group's revenue increased by approximately HKD 17.0 million or 15.6% to approximately HKD 126.0 million from about HKD 108.9 million in 2021[9] - Revenue from recruitment services in Hong Kong rose by approximately HKD 16.4 million or 26.5% to approximately HKD 78.2 million, compared to about HKD 61.8 million in the previous year[9] - Revenue from recruitment services in mainland China increased by 26.7% to approximately HKD 22.0 million from about HKD 17.4 million in 2021[9] - The company's revenue increased from approximately HKD 108,948,000 in 2021 to approximately HKD 125,965,000 in 2022, representing a growth of about 15.6%[17] - Revenue from recruitment services in Hong Kong rose from approximately HKD 61,767,000 in 2021 to approximately HKD 78,150,000 in 2022, an increase of about 26.5%[21] - Revenue from mainland China operations grew from approximately HKD 17,355,000 in 2021 to approximately HKD 21,985,000 in 2022, marking an increase of about 26.7%[23] - Revenue from recruitment services amounted to approximately HKD 100,135,000, representing 79.5% of total revenue, an increase from approximately HKD 79,122,000 or 72.6% in the previous year[32] - Recruitment service revenue in Hong Kong rose by approximately HKD 16,383,000 or 26.5% to about HKD 78,150,000, while revenue from mainland China increased by approximately HKD 4,630,000 or 26.7% to about HKD 21,985,000[33] - Revenue from dispatch and payroll services decreased by approximately HKD 3,996,000 or 13.4% to about HKD 25,830,000, accounting for 20.5% of total revenue[34] Profit and Financial Performance - The company recorded a net profit of approximately HKD 14,047,000 for the year ended December 31, 2022, compared to approximately HKD 12,804,000 for the previous year[17] - Total comprehensive income rose by approximately HKD 588,000 or 4.5% to about HKD 13,540,000 for the year ended December 31, 2022, compared to approximately HKD 12,952,000 for the previous year[43] - Employee costs increased by approximately HKD 10,503,000 or 13.5%, with internal employee costs rising by approximately HKD 15,215,000 or 30.4% due to business expansion[39] - Income tax expenses increased by approximately HKD 476,000 to about HKD 2,508,000 for the year ended December 31, 2022, primarily due to an increase in estimated taxable profits from subsidiaries[42] - The group had cash and cash equivalents of approximately HKD 42,734,000 as of December 31, 2022, slightly down from about HKD 42,767,000 in the previous year[46] - The current ratio as of December 31, 2022, was approximately 3.5 times, compared to about 3.4 times in the previous year[46] - The capital-to-debt ratio decreased to 19.9% as of December 31, 2022, from 22.3% in the previous year[47] - Employee costs, including directors' remuneration, were approximately HKD 88,201,000 for the year ended December 31, 2022, up from about HKD 77,698,000 in the previous year[55] Strategic Initiatives and Market Expansion - The group established a new entity in Singapore to expand into the Southeast Asian market, marking a strategic move for regional expansion[12] - The company plans to expand its operations in mainland China and Southeast Asia, focusing on high-potential markets[24] - The company aims to enhance internal team synergy by seeking business opportunities in human resources and consulting services[12] - The company plans to leverage its strong reputation and extensive candidate pool to capitalize on further growth opportunities[12] - The company is adapting its business development strategy to focus on higher-margin new clients in its dispatch and payroll services[21] - The company plans to focus on industries with recovery potential and maintain a strong cash flow management strategy[28] - The company aims to enhance its internal marketing teams in Hong Kong, mainland China, and Singapore to improve brand awareness through digital and social media platforms[28] Corporate Governance and Compliance - The company emphasizes the importance of compliance with legal and regulatory requirements, with no significant violations reported for the fiscal year[83] - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 during the year ended December 31, 2022[142] - The board consists of six members, including three executive directors and three independent non-executive directors, complying with GEM Listing Rules requirements[149] - The independent non-executive directors have reviewed compliance with the non-competition agreements by the controlling shareholders[134] - The company has adopted a culture of integrity, accountability, and flexibility to adapt to the changing business environment[144][145][147] - The company has a commitment to the highest standards of business conduct and compliance with insider information disclosure policies[187] Shareholder Engagement and Communication - The company has adopted a shareholder communication policy to ensure timely access to comprehensive and understandable information for shareholders[198] - The company encourages open communication with shareholders regarding their queries[200] - Shareholders can directly address any equity-related inquiries to the company's share transfer registration office[200] - The company maintains a proactive approach to shareholder engagement[200] - The communication strategy aims to enhance shareholder relations[200] - The company provides multiple avenues for shareholders to access information[200] Employee Relations and Corporate Social Responsibility - The company recognizes employees as valuable assets and regularly reviews compensation and benefits to maintain good relationships with them[84] - The company has committed to providing equal opportunities in recruitment, training, development, and promotion for all employees[168] - The management team is actively involved in charitable work and youth development, reflecting the company's commitment to corporate social responsibility[70] - For the fiscal year ending December 31, 2022, the company reported a total charitable contribution of HKD 362,000, an increase from HKD 140,000 in the previous year[87] Risk Management - The company faced significant risks including reliance on key management personnel and potential labor shortages impacting operations and financial performance[77] - The board is responsible for risk management and internal control systems, which are reviewed annually by the audit committee[184] Board Diversity and Structure - The company plans to appoint a female director by December 31, 2024, to enhance board diversity[166] - The board currently lacks gender diversity, with all members being male, which does not comply with the revised GEM Listing Rules[166] - The board's diversity policy includes measurable targets to enhance gender diversity among board members[165]

KOS International Holdings Limited 高 奧 士 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：8042） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 的 全 年 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。 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。 本公告的資料乃遵照聯交所《GEM證券上市規則》（「GEM上市規則」）而刊載，旨 在提供有關高奧士國際控股有限公司（「本公司」或「高奧士國際」，連同 ...

Financial Performance - For the three months ended September 30, 2022, the company reported revenue of HKD 33,020,000, a slight increase from HKD 32,991,000 in the same period of 2021, representing a growth of 0.09%[4] - For the nine months ended September 30, 2022, total revenue reached HKD 94,795,000, up 28.5% from HKD 73,759,000 in the same period of 2021[4] - The company's profit before tax for the three months ended September 30, 2022, was HKD 7,354,000, down 25.0% from HKD 9,803,000 in the same period of 2021[4] - The net profit for the nine months ended September 30, 2022, was HKD 18,518,000, an increase of 62.8% compared to HKD 11,389,000 in the same period of 2021[4] - The basic and diluted earnings per share for the three months ended September 30, 2022, were HKD 0.77, down from HKD 1.07 in the same period of 2021[4] - The company reported a total comprehensive income of HKD 5,858,000 for the three months ended September 30, 2022, compared to HKD 8,600,000 in the same period of 2021, a decrease of 31.5%[4] Revenue Breakdown - Revenue from recruitment services in Hong Kong for the three months ended September 30, 2022, was HKD 22,769,000, an increase of 27.0% from HKD 17,853,000 in the same period of 2021[13] - Revenue from dispatch and payroll services in Hong Kong for the three months ended September 30, 2022, was HKD 5,201,000, a decrease of 26.1% from HKD 7,041,000 in the same period of 2021[13] - Revenue from Hong Kong operations increased by approximately HKD 17,527,000 or 42.9% to about HKD 58,393,000 for the nine months ended September 30, 2022, compared to HKD 40,866,000 for the same period in 2021[25] - Revenue from mainland China operations grew from approximately HKD 12,628,000 for the nine months ended September 30, 2021, to about HKD 19,111,000 for the same period in 2022, an increase of approximately HKD 6,483,000 or 51.3%[27] - Revenue from recruitment services rose by approximately HKD 24,010,000 or 44.9% to about HKD 77,504,000 for the nine months ended September 30, 2022, from approximately HKD 53,494,000 in the previous year[34] Costs and Expenses - The company incurred financing costs of HKD 105,000 for the three months ended September 30, 2022, compared to HKD 31,000 in the same period of 2021, an increase of 238.7%[14] - The internal employee costs increased by approximately HKD 12,116,000 or 41.0%, primarily due to the expansion of business scale in Hong Kong and mainland China[40] - Employee costs for the nine months ended September 30, 2022, were approximately HKD 57,258,000, accounting for about 60.4% of revenue, down from 65.1% in the previous year[38] Tax and Dividends - The effective tax rate for Hong Kong profits tax is 8.25% for the first HKD 2 million of assessable profits and 16.5% for profits exceeding that amount[16] - The company did not recommend an interim dividend for the nine months ended September 30, 2022, compared to no dividend in the same period of 2021[18] - The company did not recommend the payment of an interim dividend for the nine months ended September 30, 2022[46] Business Strategy and Outlook - The company aims to expand its business in mainland China beyond the Greater Bay Area in the near future[20] - The demand for talent in the financial services sector remains strong, particularly in fintech and green finance, supporting the company's recruitment activities[24] - The company plans to continue investing resources to enhance its team and provide optimal services to clients[25] - The management believes that the company is well-positioned to capitalize on market opportunities due to the rebound of businesses in Hong Kong and expansion in mainland China[21] - The group plans to focus on industries with recovery potential, such as e-commerce, logistics, education, and real estate, for the remainder of 2022[31] - The group acknowledges the significant potential of its mainland China business and is considering expansion into other cities under appropriate conditions[30] - The group aims to enhance brand awareness through internal marketing teams and digital platforms[31] - The group maintains a cautious optimism regarding its overall performance in 2022, despite ongoing challenges from the pandemic[30] - The group will continue to seek opportunities for business expansion and strengthen overall business development[32] Financial Position - The total equity as of September 30, 2022, was HKD 70,141,000, an increase from HKD 50,740,000 as of December 31, 2021[5] - Total profit and comprehensive income increased by approximately HKD 6,449,000 or 56.4%, from approximately HKD 11,425,000 for the nine months ended September 30, 2021, to approximately HKD 17,874,000 for the nine months ended September 30, 2022[45] - Excluding government subsidies under the anti-epidemic fund, the total comprehensive income for the nine months ended September 30, 2022, would be approximately HKD 16,161,000, representing an increase of about HKD 4,736,000 or 41.5% compared to the previous period[45] Corporate Governance - As of September 30, 2022, the company’s directors and senior management collectively held 600,000,000 shares, representing approximately 75% of the issued share capital[48] - KJE Limited and Caiden Holdings Limited each held 600,000,000 shares, representing approximately 75% of the issued share capital, with KJE Limited being jointly owned by three directors[52] - No share options have been granted, exercised, cancelled, or lapsed under the share option scheme since its adoption on September 13, 2018[55] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended September 30, 2022[58] - The company has complied with the corporate governance code as set out in the GEM Listing Rules during the nine months ended September 30, 2022[60] - All directors confirmed compliance with the trading standards and relevant codes of conduct for securities transactions during the nine months ended September 30, 2022[61] - The Audit Committee consists of three independent non-executive directors, chaired by Mr. Pan Kai-kin[64] - The Audit Committee's responsibilities include reviewing financial statements and overseeing internal control procedures[64] - The unaudited condensed consolidated financial statements for the nine months ended September 30, 2022, were reviewed by the Audit Committee[64]

Financial Performance - For the three months ended June 30, 2022, the revenue was HKD 32,525,000, representing a 45% increase from HKD 22,462,000 in the same period of 2021[4] - For the six months ended June 30, 2022, the revenue reached HKD 61,775,000, up 51.6% from HKD 40,768,000 in the same period of 2021[4] - The net profit for the six months ended June 30, 2022, was HKD 12,378,000, a significant increase of 343% compared to HKD 2,797,000 in the same period of 2021[4] - The total comprehensive income for the six months ended June 30, 2022, was HKD 12,016,000, compared to HKD 2,825,000 for the same period in 2021, marking a 325% increase[4] - Basic earnings per share for the six months ended June 30, 2022, were HKD 15.47, compared to HKD 3.49 in the same period of 2021[28] - Total comprehensive income increased by approximately HKD 9,191,000 or 325.3% to about HKD 12,016,000 for the six months ended June 30, 2022, compared to approximately HKD 2,825,000 for the same period in 2021[74] Revenue Breakdown - Revenue from recruitment services in Hong Kong was HKD 35,624,000, up 54.8% from HKD 23,013,000 year-on-year[16] - Revenue from recruitment services in China increased to HKD 14,641,000, a significant rise of 177.5% compared to HKD 5,267,000 in the previous year[16] - Recruitment service revenue increased by approximately HKD 21,985,000 or 77.7% to about HKD 50,265,000 for the six months ended June 30, 2022, compared to approximately HKD 28,280,000 for the same period in 2021[66] - Revenue from Hong Kong operations increased significantly from approximately HKD 23,013,000 for the six months ended June 30, 2021, to approximately HKD 35,624,000 for the six months ended June 30, 2022, a rise of approximately HKD 12,611,000 or 54.8%[57] - Revenue from mainland China operations grew from approximately HKD 5,267,000 for the six months ended June 30, 2021, to approximately HKD 14,641,000 for the six months ended June 30, 2022, an increase of approximately HKD 9,374,000 or 178.0%[59] Assets and Liabilities - The total assets as of June 30, 2022, were HKD 86,831,000, compared to HKD 75,999,000 as of December 31, 2021, reflecting a growth of 14.4%[5] - The total liabilities decreased from HKD 19,478,000 as of December 31, 2021, to HKD 16,504,000 as of June 30, 2022, indicating a reduction of approximately 15.4%[6] - The company’s non-current assets increased to HKD 15,595,000 as of June 30, 2022, from HKD 10,677,000 as of December 31, 2021, showing a growth of 46.2%[5] - As of June 30, 2022, accounts receivable amounted to HKD 19,477,000, an increase from HKD 17,830,000 as of December 31, 2021, representing a growth of approximately 9.2%[33] - Total accounts receivable and other receivables reached HKD 25,592,000 as of June 30, 2022, compared to HKD 20,421,000 as of December 31, 2021, indicating a growth of about 25.5%[33] Cash Flow and Expenses - The company reported a decrease in operating cash flow usage to HKD 5,424,000 for the six months ended June 30, 2022, compared to a usage of HKD 3,388,000 in the same period of 2021[9] - The company incurred total financing costs of HKD 184,000 for the six months ended June 30, 2022, compared to HKD 38,000 in the previous year[22] - The total tax expense for the six months ended June 30, 2022, was HKD 1,743,000, an increase from HKD 715,000 in the same period of 2021[25] - Employee costs amounted to approximately HKD 37,499,000, representing 60.7% of revenue, a decrease from 73.7% in the previous year, with internal employee costs increasing by approximately HKD 8,328,000 or 44.3%[70] - Other expenses increased by approximately HKD 2,402,000 to about HKD 10,133,000, primarily due to business expansion costs related to operations in Hong Kong and mainland China[71] Corporate Governance and Compliance - The company has complied with the corporate governance code provisions as set out in the GEM Listing Rules during the six months ended June 30, 2022[103] - The company has adopted the trading standards as per GEM Listing Rules sections 5.48 to 5.67, confirming compliance by all directors for the six months ending June 30, 2022[104] - The Audit Committee, established on September 13, 2018, consists of three independent non-executive directors, with Mr. Pan Kai-kin as the chairman, overseeing financial reporting and internal controls[105] - The unaudited condensed consolidated financial statements for the six months ending June 30, 2022, have been reviewed by the Audit Committee, which provided opinions and recommendations[105] Future Outlook and Strategy - The company aims to leverage the post-COVID-19 recovery in Hong Kong to enhance its business performance and expand its operations in mainland China[52] - The company plans to focus on industries with recovery potential, such as e-commerce, logistics, education, and real estate in 2022[63] - The company aims to enhance its internal marketing teams in Hong Kong and mainland China to improve brand awareness through digital and social media platforms[63] - The company is committed to investing in dedicated teams in Hong Kong's financial services and information technology sectors, while closely monitoring performance and returns[63] - The company intends to strengthen its recruitment strategies to attract and retain high-quality talent essential for long-term organic growth[63]

Financial Performance - The company reported revenue of HKD 29,250,000 for the three months ended March 31, 2022, representing a 60% increase from HKD 18,306,000 in the same period of 2021[4] - The profit before tax for the period was HKD 5,513,000, compared to a loss of HKD 682,000 in the previous year[4] - The net profit for the first quarter of 2022 was HKD 4,942,000, a significant turnaround from a loss of HKD 753,000 in Q1 2021[4] - Earnings per share for the period were HKD 0.62, compared to a loss per share of HKD 0.09 in the same quarter last year[4] - Total comprehensive income for the period was HKD 4,985,000, compared to a comprehensive loss of HKD 790,000 in the same quarter of 2021[4] - The company's revenue increased from approximately HKD 18,306,000 in the three months ended March 31, 2021, to approximately HKD 29,250,000 in the same period of 2022, representing a growth of about HKD 10,944,000 or 59.8%[23] - The net profit for the three months ended March 31, 2022, was approximately HKD 4,942,000, compared to a net loss of approximately HKD 753,000 for the same period in 2021[23] - Recruitment service revenue rose by approximately HKD 11,995,000 or 100.5% to HKD 23,935,000 in Q1 2022, driven by the recovery of the Hong Kong recruitment market and expansion in mainland China[34] - The company recorded a net profit of approximately HKD 4,985,000 in Q1 2022, an increase of approximately HKD 5,775,000 from a net loss of HKD 790,000 in Q1 2021, mainly due to increased revenue from mainland China and Hong Kong recruitment services[42] Revenue Breakdown - Revenue from recruitment services in Hong Kong increased to HKD 16,469,000, up from HKD 9,863,000 year-over-year, marking a 67% growth[14] - Revenue from recruitment services in China rose to HKD 7,466,000, a substantial increase from HKD 2,077,000, reflecting a 259% growth[14] - Revenue from Hong Kong accounted for approximately 72.6% of total revenue in Q1 2022, down from 84.6% in the previous year[35] - The financial services and information technology sectors contributed approximately 21.7% and 11.7% respectively to the recruitment service revenue in Hong Kong[24] - Revenue from recruitment services in Hong Kong increased from approximately HKD 9,863,000 in the three months ended March 31, 2021, to approximately HKD 16,469,000 in the same period of 2022, marking a rise of about HKD 6,606,000 or 67.0%[27] - Revenue from the mainland China business surged from approximately HKD 2,077,000 in the three months ended March 31, 2021, to approximately HKD 7,466,000 in the same period of 2022, a significant increase of about HKD 5,389,000 or 259.5%[28] Operational Focus - The company continues to focus on expanding its recruitment services in Hong Kong, Macau, and mainland China, aiming to capture a larger market share[8] - The company aims to expand its operations in the Greater Bay Area, focusing on technology, consumer, and real estate sectors in Shenzhen and Guangzhou[29] - The company has established offices in Hong Kong, Shenzhen, and Guangzhou, with plans to further grow and expand its team[20] - The company plans to focus on industries with recovery potential, such as e-commerce, logistics, education, and real estate in 2022[33] - The company aims to maintain a strong cash flow and manage liquidity prudently while enhancing its internal marketing teams in Hong Kong and mainland China[33] - The company will continue to explore potential investment opportunities that provide good returns or synergies with its core business[33] Shareholding and Governance - As of March 31, 2022, the company’s directors and senior management collectively hold 600,000,000 shares, representing approximately 75% of the issued share capital[45] - KJE Limited and Caiden Holdings Limited each hold 600,000,000 shares, also accounting for approximately 75% of the issued share capital[49] - The shareholding structure indicates that KJE Limited is owned equally by the three directors, each holding about 33.33%[47] - The board consists of three executive directors and three independent non-executive directors[64] - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[57] - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended March 31, 2022, and provided recommendations[62] Dividend and Taxation - The company does not recommend the payment of an interim dividend for the three months ended March 31, 2022[18] - The company has not recommended any interim dividend for Q1 2022, consistent with the previous year[43] - The effective tax rate for Hong Kong profits tax is 16.5%, with a two-tiered system for qualifying group entities[5] - The company has not made any provisions for Macau supplementary tax as its subsidiary did not exceed the taxable profit threshold[17] Other Information - The company incurred financing costs of HKD 72,000, up from HKD 20,000 in the previous year, indicating increased financial obligations[15] - Employee costs for Q1 2022 were approximately HKD 17,843,000, representing 61.0% of revenue, a decrease from 82.4% in Q1 2021[37] - No stock options have been granted, exercised, canceled, or lapsed since the adoption of the stock option plan on September 13, 2018, with no unexercised options as of March 31, 2022[52] - The company did not purchase, sell, or redeem any of its listed securities during the three months ended March 31, 2022[55] - There were no arrangements made for directors to acquire shares or bonds of the company or its subsidiaries during the reporting period[54] - The company confirmed that all directors adhered to the trading standards and guidelines during the three months ended March 31, 2022[59] - No interests were held by directors or major shareholders in any competing businesses during the reporting period[56] - The first quarter earnings report for 2022 was released[65]

Financial Performance - The company's revenue increased by approximately HKD 43.6 million or 66.8% to about HKD 108.9 million for the year ended December 31, 2021, compared to approximately HKD 65.3 million in 2020[9]. - The net profit for the year ended December 31, 2021, was approximately HKD 12,804,000, compared to a net loss of approximately HKD 1,617,000 for the previous year[16]. - The company's revenue increased from approximately HKD 65,285,000 in 2020 to approximately HKD 108,948,000 in 2021, representing a growth of 66.9%[16]. - Revenue from recruitment services was approximately HKD 79,122,000, accounting for about 72.6% of total revenue, a significant increase from approximately HKD 41,357,000 or 63.4% in the previous year[31]. - Employee costs for the year ended December 31, 2021, were approximately HKD 77,698,000, accounting for about 71.3% of revenue, a decrease from 87.6% in the previous year[38]. - The company recovered from a net loss of approximately HKD 7,368,000 for the year ended December 31, 2020, to a net profit of approximately HKD 12,952,000 for the year ended December 31, 2021[42]. Revenue Sources - Revenue from recruitment services in Hong Kong rose by approximately HKD 26.8 million or 76.6% to about HKD 61.8 million for the year ended December 31, 2021, up from approximately HKD 35 million in 2020[9]. - Recruitment service revenue in mainland China surged by 171.9% to approximately HKD 17.4 million in 2021, compared to about HKD 6.4 million in 2020[9]. - Revenue from the company's outsourcing services in Hong Kong increased by 26.5%, from approximately HKD 21,176,000 in 2020 to approximately HKD 26,786,000 in 2021[20]. - Revenue from mainland China grew significantly by 171.9%, from approximately HKD 6,383,000 in 2020 to approximately HKD 17,355,000 in 2021[21]. - Revenue from dispatch and payroll services increased by approximately HKD 5,898,000 or 24.6% to about HKD 29,826,000, representing about 27.4% of total revenue[33]. Business Strategy and Outlook - The company aims to capitalize on the strong growth in mainland China and expand its business beyond the Greater Bay Area in 2022[11]. - The company will seek business opportunities in human resources-related services to maximize synergy among internal teams[11]. - The company plans to maintain a cautiously optimistic approach in 2022, considering the ongoing impact of COVID-19 variants[11]. - The company is optimistic about its performance in 2022, despite potential challenges from the Omicron variant, and expects to continue benefiting from the growth in mainland China[24]. - The company aims to enhance its team quality and brand recognition through structured training and marketing efforts[25]. Operational Costs and Expenses - Internal staff costs increased by approximately HKD 14.7 million or 41.6% to about HKD 50 million for the year ended December 31, 2021, from approximately HKD 35.3 million in 2020[10]. - Other expenses and losses rose by approximately HKD 1,333,000 to about HKD 16,226,000, mainly due to business expansion costs in Hong Kong and mainland China[39]. - Internal employee costs increased by approximately HKD 14,762,000 or 41.8%, primarily due to business expansion in mainland China and Hong Kong[38]. Corporate Governance and Compliance - The company has adopted a share option scheme since September 13, 2018, with no options granted, exercised, canceled, or lapsed since its adoption[104]. - The company has maintained at least 25% of its issued shares as sufficient public float as of December 31, 2021[137]. - The company adhered to the GEM Listing Rules and Corporate Governance Code, with no significant deviations reported for the year ending December 31, 2021[149]. - The independent non-executive directors confirmed their independence according to GEM Listing Rules, ensuring compliance with the independence guidelines[154]. - The company has implemented appropriate insurance arrangements for potential legal claims against directors and senior management[158]. Risk Management - The company acknowledges significant operational risks, including reliance on key management personnel and potential labor shortages impacting financial performance[85]. - The company has identified and assessed significant risks based on management's experience in the business environment, with a focus on liquidity, fraud, financial reporting, operational, and compliance risks[181]. - As of December 31, 2021, the company did not have an internal audit function but has engaged an external professional firm for annual reviews of its risk management and internal control systems[181]. Shareholder Information - The company did not recommend the payment of a final dividend for the year ended December 31, 2021, consistent with the previous year[44]. - The company’s distributable reserves as of December 31, 2021, amounted to approximately HKD 2,327,000, an increase from HKD 2,200,000 in 2020[96]. - The company made charitable donations totaling HKD 140,000 for the year ended December 31, 2021, compared to HKD 2,000 in the previous year[94]. Liquidity and Financial Position - The company maintained a strong liquidity position and prudently managed cash flow[27]. - As of December 31, 2021, the company had cash and bank balances of approximately HKD 42,767,000, an increase from approximately HKD 32,567,000 in the previous year[45]. - The current ratio as of December 31, 2021, was approximately 3.4 times, down from approximately 5.0 times in 2020[45]. - The debt-to-equity ratio increased to 22.3% as of December 31, 2021, compared to 4.1% in 2020, primarily due to the utilization of bank overdraft facilities[46].

Financial Performance - For the three months ended September 30, 2021, the company's revenue was HKD 32,991,000, a 101.0% increase compared to HKD 16,374,000 for the same period in 2020[4] - For the nine months ended September 30, 2021, the total revenue reached HKD 73,759,000, representing a 50.4% increase from HKD 49,065,000 in the same period of 2020[4] - The profit before tax for the three months ended September 30, 2021, was HKD 9,803,000, compared to a loss of HKD 796,000 in the same period of 2020[4] - The net profit for the nine months ended September 30, 2021, was HKD 11,389,000, significantly up from HKD 604,000 in the same period of 2020[4] - Basic and diluted earnings per share for the three months ended September 30, 2021, were HKD 1.07, compared to a loss of HKD 0.09 in the same period of 2020[4] - The company reported a total comprehensive income of HKD 8,600,000 for the three months ended September 30, 2021, compared to a loss of HKD 660,000 in the same period of 2020[4] - The company's total comprehensive income for the nine months ended September 30, 2021, was HKD 11,425,000, compared to HKD 651,000 in the same period of 2020[5] - The net profit for the nine months ended September 30, 2021, was approximately HKD 11,425,000, a significant increase of approximately HKD 13,853,000 compared to a net loss of approximately HKD 2,428,000 in the same period of 2020[41] Revenue Breakdown - The revenue from recruitment services in Hong Kong for the three months ended September 30, 2021, was HKD 17,853,000, a 119.5% increase from HKD 8,125,000 in the same period of 2020[13] - The revenue from dispatch and payroll services in Hong Kong for the nine months ended September 30, 2021, was HKD 17,907,000, up from HKD 15,097,000 in the same period of 2020[13] - Revenue from recruitment services rose from approximately HKD 28,005,000 for the nine months ended September 30, 2020, to approximately HKD 40,866,000 for the same period in 2021, an increase of about 45.9%[24] - Revenue from dispatch and payroll outsourcing services in Hong Kong increased from approximately HKD 15,097,000 for the nine months ended September 30, 2020, to approximately HKD 17,907,000 for the same period in 2021, a growth of about 18.6%[25] - Revenue from the company's operations in China surged from approximately HKD 3,947,000 for the nine months ended September 30, 2020, to approximately HKD 12,628,000 for the same period in 2021, marking a significant increase of about 220%[27] - The group's revenue increased by approximately HKD 24,694,000 or 50.3% to approximately HKD 73,759,000 for the nine months ended September 30, 2021, compared to the same period in 2020[32] - Revenue from recruitment services rose by approximately HKD 21,542,000 or 67.4% to approximately HKD 53,494,000 for the nine months ended September 30, 2021, driven by the recovery of the Hong Kong recruitment market[32] - The group generated approximately HKD 12,628,000 in recruitment service revenue from China, an increase of approximately HKD 8,681,000 or 220% due to business expansion in the Chinese recruitment market[32] Equity and Shareholding - The company’s total equity as of September 30, 2021, was HKD 50,740,000, an increase from HKD 41,418,000 as of September 30, 2020[5] - As of September 30, 2021, the company’s directors and senior management collectively hold 600,000,000 shares, representing approximately 75% of the issued share capital[44] - KJE Limited and Caiden Holdings Limited each hold 600,000,000 shares, also accounting for approximately 75% of the issued share capital[48] - The shares held by KJE Limited are distributed among the directors, with each owning about 33.33%[46] Corporate Governance - The board of directors did not recommend the payment of an interim dividend for the nine months ended September 30, 2021[19] - The company has complied with the corporate governance code as per GEM Listing Rules, with the exception of one instance where an independent non-executive director was unable to attend the annual general meeting[56] - All directors confirmed compliance with the trading standards and the code of conduct for securities trading during the nine months ended September 30, 2021[57] - No interests were held by directors or major shareholders in any business that directly or indirectly competes with the company[55] - There were no disclosures of interests or short positions in shares, bonds, or related securities by directors or senior management other than those mentioned[48] Audit and Compliance - The Audit Committee was established on September 13, 2018, in accordance with GEM Listing Rule 5.28, consisting of three independent non-executive directors[59] - The Audit Committee's main responsibilities include reviewing financial statements and overseeing internal control procedures and risk management systems[59] - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the nine months ended September 30, 2021, and provided opinions and recommendations[59] Strategic Initiatives - The company plans to continue expanding its team, particularly in the Greater Bay Area, to capitalize on the economic growth in the region[21] - The company has established offices in Hong Kong, Shenzhen, and Guangzhou, aiming to become a leading HR service provider in both regions[21] - The group plans to focus on industries with recovery potential, such as e-commerce, logistics, education, and real estate, while maintaining a strong cash flow management strategy[31] - The group aims to enhance brand awareness through internal marketing teams and digital platforms, leveraging social media for greater public recognition[31] - The group will continue to invest in dedicated teams for financial services in Hong Kong and mainland China, closely monitoring performance and investment returns[31] - The group is committed to recruiting and developing quality talent essential for long-term organic growth strategies[31] Other Financial Information - Employee costs for the nine months ended September 30, 2021, were approximately HKD 48,004,000, representing 65.1% of revenue, a decrease from 81.7% in the same period of 2020[36] - Other income decreased to approximately HKD 305,000 for the nine months ended September 30, 2021, from approximately HKD 3,144,000 in the same period of 2020, as no government subsidies were received during the latter period[35] - No stock options have been granted, exercised, canceled, or lapsed since the adoption of the stock option plan on September 13, 2018, and there are no unexercised stock options as of September 30, 2021[51] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended September 30, 2021[54] - There were no arrangements made for directors to acquire shares or bonds of the company or its subsidiaries during the nine months ended September 30, 2021[52]