Financial Performance - For the three months ended June 30, 2021, the revenue was HKD 22,462,000, representing a 37.5% increase from HKD 16,335,000 in the same period of 2020[4] - For the six months ended June 30, 2021, the revenue was HKD 40,768,000, up 24.5% from HKD 32,691,000 in the same period of 2020[4] - The net profit for the six months ended June 30, 2021, was HKD 2,797,000, a significant increase of 110.8% compared to HKD 1,329,000 in the same period of 2020[4] - The total comprehensive income for the six months ended June 30, 2021, was HKD 2,825,000, compared to HKD 1,311,000 for the same period in 2020, reflecting a growth of 115.5%[4] - Total revenue for the six months ended June 30, 2021, was HKD 40,768,000, representing a 24.7% increase from HKD 32,691,000 in the same period of 2020[14] - The company reported a net profit of HKD 2,797,000 for the six months ended June 30, 2021, compared to HKD 1,329,000 in the same period of 2020, marking a 110.4% increase[24] - Basic earnings per share for the six months ended June 30, 2021, was HKD 3.50, up from HKD 1.66 in 2020[24] - The net profit for the period increased by approximately HKD 1,514,000 or 115.5% to about HKD 2,825,000, compared to approximately HKD 1,311,000 for the same period in 2020[55] Revenue Sources - Revenue from recruitment services in Hong Kong for the six months ended June 30, 2021, was HKD 23,013,000, up 15.4% from HKD 19,880,000 in 2020[14] - The company reported a significant increase in revenue from its operations in China, with HKD 5,267,000 for the six months ended June 30, 2021, compared to HKD 1,730,000 in 2020[14] - Revenue from Hong Kong recruitment services rose by approximately HKD 3,133,000 or 15.8% to about HKD 23,013,000 for the six months ended June 30, 2021[40] - Revenue from China increased significantly by approximately HKD 3,537,000 or 204.5% to about HKD 5,267,000 for the six months ended June 30, 2021[42] - Revenue from recruitment services rose by approximately HKD 6,670,000 or 30.9% to about HKD 28,280,000 for the six months ended June 30, 2021, driven by the recovery of the Hong Kong recruitment market[47] Financial Position - The cash and cash equivalents at the end of June 30, 2021, were HKD 24,502,000, down from HKD 30,430,000 at the end of June 30, 2020[7] - The total assets as of June 30, 2021, were HKD 46,077,000, compared to HKD 44,946,000 as of December 31, 2020, indicating a growth of 2.5%[5] - The total equity increased to HKD 42,140,000 as of June 30, 2021, from HKD 39,315,000 as of December 31, 2020, representing a growth of 7.2%[5] - Total accounts receivable as of June 30, 2021, was HKD 10,539,000, an increase from HKD 9,032,000 as of December 31, 2020[28] - The group maintained a strong liquidity position with bank balances and cash of approximately HKD 25,508,000 as of June 30, 2021, down from HKD 32,567,000 at the end of 2020[57] - The capital-to-debt ratio was 3.3% as of June 30, 2021, compared to 4.1% at the end of 2020, reflecting a stable financial structure[59] Employee Costs - Employee costs for the six months ended June 30, 2021, were HKD 30,053,000, an increase of 11.8% from HKD 26,931,000 in the same period of 2020[4] - Employee costs amounted to approximately HKD 30,053,000, representing 73.7% of revenue, a decrease from 82.4% in the previous year, indicating improved cost efficiency[50] - As of June 30, 2021, the group had 81 internal employees and 168 dispatched employees, with employee costs approximately HKD 30,053,000, an increase from HKD 26,931,000 as of June 30, 2020[67] Strategic Initiatives - The company has been focusing on expanding its recruitment services in Hong Kong, Macau, and mainland China[8] - The company plans to expand its business in the Greater Bay Area, focusing on technology, consumer, and real estate sectors in Shenzhen and Guangzhou[44] - The company aims to improve the quality of its existing team through structured training programs[44] - The group plans to focus on industries with recovery potential, such as e-commerce, logistics, education, and real estate, to expand its business scope[46] - The group will strengthen its internal marketing teams in Hong Kong and mainland China, leveraging digital and social media platforms to enhance brand awareness[46] Market Conditions - The unemployment rate in Hong Kong has decreased, supporting an increase in recruitment revenue[40] - The management anticipates that the economic growth in China for the second half of 2021 may not be as strong as in the first half due to uncertainties related to COVID-19[45] - The company remains cautiously optimistic about its overall performance in 2021 despite the uncertain economic environment[45] Corporate Governance - The company did not recommend an interim dividend for the six months ended June 30, 2021, consistent with the previous year[25] - The group has no significant foreign exchange risk as most of its revenue is denominated in HKD, and no hedging arrangements are in place[60] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2021[87] Shareholder Information - KJE Limited and Caiden Holdings Limited collectively hold 600,000,000 shares, representing 75% of the issued share capital[78] - KJE Limited is owned by three individuals, each holding approximately 33.33% of the shares, while Caiden Holdings Limited is wholly owned by Mr. Zhou Jiawei[78] - No stock options have been granted, exercised, canceled, or expired under the stock option plan since its adoption on September 13, 2018[80] - The company did not purchase, sell, or redeem any of its listed securities during the six months ending June 30, 2021[82] Operational Developments - The company has completed the expansion of its business team in Hong Kong as planned, focusing on diversified functions and experienced consultants[69] - The group has maintained its office locations in both Hong Kong and China, supporting its operational needs[69] - The group has begun the development of additional workflows to enhance its IT systems, although this project was not completed by June 30, 2021[70] - The group has utilized HKD 14,222,000 for expanding recruitment services in Hong Kong and HKD 7,994,000 for establishing its position in the Chinese recruitment market[73] Other Financial Information - The company reported a net cash outflow from operating activities of HKD 3,388,000 for the six months ended June 30, 2021, compared to a net inflow of HKD 1,840,000 in the same period of 2020[7] - The company purchased property, plant, and equipment at a total cost of approximately HKD 475,000 for the six months ended June 30, 2021, compared to HKD 171,000 in the same period of 2020[26] - Financing costs for the six months ended June 30, 2021, totaled HKD 38,000, a decrease from HKD 85,000 in the same period of 2020[20] - As of June 30, 2021, there were no significant contingent liabilities reported by the group[66] - The group has no major investments or capital asset plans as of June 30, 2021[63] - The group has no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the six months ending June 30, 2021[64] - The group has pledged bank deposits of HKD 3,000,000 as collateral for overdraft bank financing[65] - The net proceeds from the share issuance amounted to approximately HKD 31,000,000, with about HKD 30,701,000 utilized by June 30, 2021, leaving approximately HKD 284,000 unutilized[72]

Financial Performance - The company's revenue for the three months ended March 31, 2021, was HKD 18,306,000, representing a 11.9% increase from HKD 16,356,000 in the same period of 2020[4] - The total loss for the period was HKD 753,000, a significant improvement compared to a loss of HKD 1,649,000 in the same period of 2020, reflecting a reduction of approximately 54.4%[4] - Basic loss per share for the period was HKD 0.09, compared to HKD 0.21 for the same period in 2020, indicating a 57.1% improvement[4] - The total comprehensive expense for the period was HKD 790,000, down from HKD 1,665,000 in the same period of 2020, indicating a reduction of approximately 52.7%[4] - The group reported a total comprehensive loss of approximately HKD 790,000 for the three months ended March 31, 2021, compared to a loss of approximately HKD 1,665,000 for the same period in 2020, indicating a significant improvement[21] - Total net loss for the three months ended March 31, 2021, was approximately HKD 790,000, a reduction of about HKD 875,000 from a net loss of approximately HKD 1,665,000 for the same period in 2020, mainly attributed to increased revenue from the China business and Hong Kong recruitment services[38] Revenue Breakdown - Revenue from recruitment services in Hong Kong increased to HKD 9,863,000, up 5.8% from HKD 9,321,000 in 2020[13] - Revenue from recruitment services in China rose to HKD 2,077,000, a 66.4% increase from HKD 1,249,000 in 2020[13] - Revenue increased by approximately HKD 1,950,000 or 11.9%, from approximately HKD 16,356,000 for the three months ended March 31, 2020, to approximately HKD 18,306,000 for the same period in 2021[22] - Revenue from Hong Kong recruitment services rose by approximately HKD 2,894,000 or 41.5%, from approximately HKD 6,969,000 for the three months ended December 31, 2020, to approximately HKD 9,863,000 for the three months ended March 31, 2021[24] - Revenue from the financial services sector in Hong Kong increased by approximately HKD 482,000 or 19.8%, from approximately HKD 2,434,000 to approximately HKD 2,916,000 for the same period[24] - Revenue from the mainland China team increased by approximately HKD 828,000 or 66.3%, from approximately HKD 1,249,000 to approximately HKD 2,077,000 for the three months ended March 31, 2021[25] Expenses and Costs - The company's employee costs for the period were HKD 15,086,000, an increase from HKD 14,054,000 in the same period of 2020[4] - Employee costs for the three months ended March 31, 2021, were approximately HKD 15,086,000, accounting for about 82.4% of revenue, down from 85.9% in 2020[33] - Other expenses and losses increased by approximately HKD 108,000 to approximately HKD 3,891,000 for the three months ended March 31, 2021, primarily due to rent, rates, and depreciation[34] - Income tax expenses decreased by approximately HKD 36,000 or 33.6% to HKD 71,000 for the three months ended March 31, 2021, primarily due to a decline in estimated taxable profits from subsidiaries[37] - The company reported a financing cost of HKD 20,000, a decrease from HKD 46,000 in the same period of 2020[4] Dividends and Shareholder Information - The company did not recommend the payment of an interim dividend for the three months ended March 31, 2021, consistent with the previous year[18] - The board did not recommend the payment of an interim dividend for the three months ended March 31, 2021[39] - Major shareholders KJE Limited and Caiden Holdings Limited each hold 600,000,000 shares, representing approximately 75% of the issued share capital[45] - No share options have been granted, exercised, cancelled, or lapsed since the adoption of the share option scheme on September 13, 2018, with no unexercised options as of March 31, 2021[49] - The company did not purchase, sell, or redeem any of its listed securities during the three months ended March 31, 2021[51] - There were no arrangements made for directors to acquire shares or bonds of the company or its subsidiaries during the three months ended March 31, 2021[50] - No interests were held by directors or major shareholders in any business that directly or indirectly competes with the group during the three months ended March 31, 2021[52] Corporate Governance - The compliance advisor, Xiangjiang Capital Limited, was engaged on September 19, 2018, and the engagement period ended on March 31, 2021[54] - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 for the three months ending March 31, 2021[55] - The board has adopted the standard trading code for securities transactions as per GEM Listing Rules 5.48 to 5.67, confirming compliance for the three months ending March 31, 2021[56] - The Audit Committee, established on September 13, 2018, consists of three independent non-executive directors and has reviewed the unaudited condensed consolidated financial statements for the three months ending March 31, 2021[58] - The board of directors includes three executive directors and three independent non-executive directors as of May 12, 2021[60] Future Outlook - The group plans to focus on expanding its business in the Greater Bay Area, particularly in technology, consumption, and real estate sectors in Shenzhen and Guangzhou[29] - The group aims to enhance its internal marketing team to improve brand awareness and recognition through digital and social media platforms[32] - The management remains cautiously optimistic about the performance for the upcoming year, given the gradual improvement in the overall trade environment[28]

Financial Performance - The group's revenue decreased by approximately HKD 15.6 million or 19.3% to about HKD 65.3 million for the year ended December 31, 2020, compared to approximately HKD 80.9 million in 2019[10] - Revenue from recruitment services in Hong Kong fell by approximately HKD 9.7 million or 21.8% to about HKD 35.0 million, down from approximately HKD 44.7 million in the previous year[10] - Despite challenges, revenue from recruitment services in mainland China increased by 91.0% to approximately HKD 6.4 million, up from about HKD 3.3 million in 2019[10] - Total comprehensive expenses for the year ended December 31, 2020, were approximately HKD 1,452,000, compared to total comprehensive income of approximately HKD 1,676,000 for the year ended December 31, 2019[18] - Revenue from recruitment services decreased from approximately HKD 48,049,000 for the year ended December 31, 2019, to approximately HKD 41,357,000 for the year ended December 31, 2020, a decline of approximately HKD 6,692,000 or 13.9%[18] - Recruitment service revenue from Hong Kong commercial clients fell from approximately HKD 34,208,000 in 2019 to approximately HKD 22,826,000 in 2020, a decrease of approximately HKD 11,382,000 or 33.3%[21] - Despite the overall decline, the technology team achieved approximately 108.5% growth in revenue, increasing from approximately HKD 1,160,000 in 2019 to approximately HKD 2,419,000 in 2020[22] - Revenue from financial services clients improved from approximately HKD 10,498,000 in 2019 to approximately HKD 12,148,000 in 2020, an increase of approximately HKD 1,650,000 or 15.7%[22] - Revenue from the China business grew from approximately HKD 3,342,000 in 2019 to approximately HKD 6,383,000 in 2020, an increase of approximately HKD 3,041,000 or 91.0%[26] - The company reported a significant reliance on major clients, with a substantial portion of revenue generated from its largest customer, indicating potential financial risks if demand decreases[96] Cost Management - The cost of dispatched employees decreased by approximately HKD 8.1 million or 26.9% to about HKD 21.9 million, aligning with the decline in revenue from dispatch and payroll services[11] - Internal employee costs increased by approximately HKD 1.8 million or 5.3% to about HKD 35.3 million, compared to approximately HKD 33.5 million in 2019[11] - Employee costs for the year ended December 31, 2020, were approximately HKD 57,219,000, representing about 87.6% of total revenue, down from approximately HKD 63,499,000 in 2019[42] - Revenue from dispatch and payroll services was approximately HKD 23,928,000 for the year ended December 31, 2020, down from approximately HKD 32,823,000 in 2019, accounting for about 36.6% of total revenue[39] Market Outlook and Strategy - The company remains optimistic about the human resources market in the Greater Bay Area and plans to steadily expand its market share in Hong Kong[12] - The company aims to further penetrate the human resources service market in the Greater Bay Area and establish its recruitment service network in China[12] - The company plans to focus on industries with recovery potential, such as e-commerce, logistics, education, and real estate, in the upcoming year[34] - The company expresses cautious optimism for future performance, particularly in the context of improving trade conditions starting from July 2020[32] Shareholder and Stakeholder Relations - The company expresses gratitude to shareholders, clients, and stakeholders for their continued support and acknowledges the dedication of its management team and staff[14] - The report highlights the commitment to creating more value for the group and its shareholders in the future[14] - The company did not recommend the payment of a final dividend for the year ended December 31, 2020[50] - As of December 31, 2020, the company's distributable reserves amounted to approximately HKD 2,200,000, down from HKD 2,547,000 in 2019, reflecting a decrease of about 13.7%[107] Liquidity and Financial Position - As of December 31, 2020, the company had cash and bank balances of approximately HKD 32,567,000, compared to approximately HKD 29,938,000 in 2019[51] - The current ratio as of December 31, 2020, was approximately 5 times, consistent with the previous year[51] - The debt-to-equity ratio as of December 31, 2020, was 4.1%, down from 9.5% in 2019[51] - The company maintained a strong and robust liquidity position to capitalize on future growth opportunities[55] Human Resources and Employee Relations - The company has established a strong relationship with employees, ensuring reasonable compensation and regular reviews of employee benefits[103] - The company had 75 internal employees and 222 dispatched employees as of December 31, 2020, compared to 67 and 99, respectively, in 2019[62] - The management team has extensive experience, with the CEO having 24 years in the human resources industry and the CFO over 22 years in auditing and corporate finance[88][90] Corporate Governance - The company has adhered to the corporate governance code as per GEM listing rules for the year ending December 31, 2020[161] - The board of directors consists of six members, including three executive directors and three independent non-executive directors, complying with GEM listing rules regarding independence[163] - The company has adopted a share option scheme to reward directors and eligible employees for their contributions[130] - The company’s chairman and CEO roles are separated to ensure clear distinction between board management and daily business operations[172] Risk Management - The company has established a risk management and internal control system to address various potential risks, including liquidity, fraud, and financial reporting risks[193] - The internal audit function is responsible for independent reviews of risk and internal controls, reporting directly to the audit committee[194] - The board and audit committee found no significant internal control failures during the internal audit review[196]

Financial Performance - For the three months ended September 30, 2020, the company's revenue was HKD 16,374,000, a decrease of 24.4% compared to HKD 21,633,000 for the same period in 2019[4] - For the nine months ended September 30, 2020, the company's revenue was HKD 49,065,000, down 19.5% from HKD 60,875,000 in the same period of 2019[4] - The net loss for the three months ended September 30, 2020, was HKD 725,000, compared to a profit of HKD 1,760,000 for the same period in 2019[4] - The total comprehensive loss for the three months ended September 30, 2020, was HKD 660,000, compared to a comprehensive income of HKD 1,642,000 in the same period of 2019[4] - The basic loss per share for the three months ended September 30, 2020, was HKD (0.09), compared to earnings of HKD 0.21 per share for the same period in 2019[4] - The total comprehensive income for the period decreased by approximately HKD 2,696,000 or 80.5% to about HKD 651,000, with a potential net loss of approximately HKD 2,428,000 if government subsidies were excluded[37] Employee Costs and Staffing - The company's employee costs for the three months ended September 30, 2020, were HKD 13,132,000, a decrease of 13.6% from HKD 15,196,000 in the same period of 2019[4] - Employee costs decreased by approximately HKD 4,257,000 or 9.6% to about HKD 40,063,000, representing 81.7% of revenue, up from 72.8% in the previous year[32] - The company successfully increased its staffing from 110 employees on June 30, 2020, to 207 employees by September 30, 2020, in the dispatch and payroll services segment[25] Revenue Breakdown - Recruitment services revenue in Hong Kong decreased by approximately HKD 7,030,000 or 27.9% to HKD 18,183,000 for the nine months ended September 30, 2020, compared to HKD 25,213,000 in 2019[20] - Revenue from the financial services and insurance sector increased by approximately HKD 1,580,000 or 19.2% to HKD 9,821,000 for the nine months ended September 30, 2020, compared to HKD 8,241,000 in 2019[23] - Revenue from the mainland China team increased by approximately HKD 1,678,000 or 74.0% to HKD 3,947,000 for the nine months ended September 30, 2020, compared to HKD 2,269,000 in 2019[24] - The revenue from dispatch and payroll services significantly dropped by approximately HKD 8,038,000 or 32.0% to about HKD 17,113,000, impacted by delays and cancellations in client hiring plans due to the COVID-19 pandemic[28] - Revenue from recruitment services fell by approximately HKD 3,772,000 or 10.6% to about HKD 31,952,000, primarily due to a decrease in successful job placements in a challenging recruitment environment[28] Other Income and Costs - The company reported other income of HKD 194,000 for the three months ended September 30, 2020, compared to HKD 37,000 for the same period in 2019[4] - Other income increased to approximately HKD 3,144,000, mainly due to government subsidies under the "Employment Support Scheme" amounting to about HKD 3,079,000[29] - The company incurred financing costs of HKD 32,000 for the three months ended September 30, 2020, down from HKD 228,000 in the same period of 2019[4] Future Outlook and Strategy - The company has not disclosed any specific future outlook or guidance in the provided documents[4] - The average duration of the recruitment process in Hong Kong is expected to continue for at least two more quarters, impacting revenue[20] - The company plans to continue investing in mainland China, focusing on recruitment, training, and expanding its service offerings[24] - The group plans to closely monitor the performance of its Hong Kong team and respond swiftly to market changes to seize opportunities for market share expansion[27] - The management team emphasizes a focus on long-term vision and strategic goals despite the challenges faced in 2020[26] - The group aims to expand its presence in mainland China by enhancing brand awareness and increasing service offerings[27] Shareholder Information and Corporate Governance - As of September 30, 2020, major shareholders KJE Limited and Caiden Holdings Limited each hold 600,000,000 shares, representing approximately 75% of the issued share capital[45] - The shares held by KJE Limited are registered under the names of three individuals, each owning approximately 33.33%[47] - No stock options have been granted, exercised, canceled, or expired since the adoption of the stock option plan on September 13, 2018, and there are no unexercised stock options as of September 30, 2020[48] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended September 30, 2020[51] - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 during the nine months ended September 30, 2020[54] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the nine months ended September 30, 2020[56] - The board of directors includes three executive directors and three independent non-executive directors as of November 12, 2020[58]

Revenue Performance - For the three months ended June 30, 2020, the company's revenue was HKD 16,335,000, a decrease of 21.4% compared to HKD 20,688,000 for the same period in 2019[3]. - For the six months ended June 30, 2020, the company's revenue was HKD 32,691,000, down 16.7% from HKD 39,242,000 in the same period of 2019[3]. - Total revenue for the six months ended June 30, 2020, was HKD 32,691,000, a decrease of 16.7% compared to HKD 39,242,000 for the same period in 2019[15]. - Revenue from recruitment services in Hong Kong for the six months ended June 30, 2020, was HKD 19,880,000, down 8.7% from HKD 21,782,000 in 2019[15]. - Recruitment service revenue decreased by approximately HKD 732,000 or 3.3% to about HKD 21,610,000 for the six months ended June 30, 2020, from HKD 22,342,000 in the prior year[46]. - The revenue from dispatch and payroll services significantly dropped by approximately HKD 5,819,000 or 34.4% to about HKD 11,081,000 for the six months ended June 30, 2020, compared to HKD 16,900,000 in 2019[46]. - Revenue from the financial services sector increased by approximately HKD 1,585,000 or 31.6%[40]. - Revenue generated by the mainland China team increased by 208.9% to approximately HKD 1,730,000 for the six months ended June 30, 2020[40]. Profitability - The company's net profit for the three months ended June 30, 2020, was HKD 2,978,000, representing an increase of 64.1% compared to HKD 1,441,000 in 2019[3]. - The net profit for the six months ended June 30, 2020, was HKD 1,329,000, a decrease of 20.3% from HKD 1,667,000 in the same period of 2019[3]. - The company reported a net profit of HKD 1,329,000 for the six months ended June 30, 2020, compared to HKD 1,667,000 for the same period in 2019, representing a decline of 20.3%[26]. - Basic earnings per share for the six months ended June 30, 2020, was HKD 0.00166, down from HKD 0.00208 in 2019[26]. - Total comprehensive income for the six months ended June 30, 2020, decreased by approximately HKD 394,000 or 23.1% to HKD 1,311,000, with a potential net loss of approximately HKD 1,593,000 if government subsidies were excluded[54]. Cash Flow and Financial Position - The company's cash and cash equivalents increased to HKD 30,430,000 as of June 30, 2020, compared to HKD 29,938,000 at the beginning of the period[6]. - The operating cash flow for the six months ended June 30, 2020, was HKD 1,840,000, an increase from HKD 839,000 in the same period of 2019[6]. - The company reported a net cash inflow of HKD 492,000 for the six months ended June 30, 2020, compared to a net outflow of HKD 3,107,000 in the same period of 2019[6]. - The capital debt ratio as of June 30, 2020, was 6.6%, down from 9.5% as of December 31, 2019, indicating improved financial stability[56]. - The company maintained a cash balance of approximately HKD 30,430,000 as of June 30, 2020, compared to HKD 29,938,000 as of December 31, 2019[56]. - There were no significant contingent liabilities as of June 30, 2020, indicating a stable financial position[63]. Assets and Equity - Total assets as of June 30, 2020, were HKD 43,061,000, slightly down from HKD 43,562,000 at the end of 2019[4]. - The company's total equity increased to HKD 42,078,000 as of June 30, 2020, compared to HKD 40,767,000 at the end of 2019[4]. - Total accounts receivable as of June 30, 2020, was HKD 10,032,000, an increase from HKD 9,947,000 as of December 31, 2019[30]. - The company reported a reduction in accounts receivable over 60 days from approximately HKD 3,185,000 or 32.0% to about HKD 1,664,000 or 16.6%[41]. Expenses and Costs - Employee costs for the six months ended June 30, 2020, were approximately HKD 26,931,000, a decrease of 7.4% from HKD 29,124,000 in 2019, representing 82.4% of revenue compared to 74.2% in 2019[49]. - Internal employee costs increased by approximately HKD 3,230,000 or 23.5% to HKD 16,949,000 for the six months ended June 30, 2020, primarily due to business expansion in Hong Kong and China[49]. - Other expenses increased slightly to approximately HKD 7,199,000 for the six months ended June 30, 2020, primarily due to increased office supplies and marketing costs related to business expansion[50]. - Tax expenses decreased by approximately HKD 954,000 or 91.3% to HKD 91,000 for the six months ended June 30, 2020, due to a decline in estimated taxable profits from subsidiaries[53]. Strategic Initiatives - The company plans to focus on high-margin recruitment services due to challenges in the dispatch and payroll sectors[41]. - The company aims to enhance brand recognition in Hong Kong and mainland China through digital and social media platforms[45]. - The company has begun the development of additional workflows to enhance IT systems, which remains incomplete as of June 30, 2020[68]. - The company has completed a phase of acquiring a new business intelligence system to expedite management decision-making by June 30, 2020[68]. - The company has initiated automation processes to support business operations, which are still in progress as of June 30, 2020[68]. Shareholder Information - The company’s directors collectively hold 600,000,000 shares, representing approximately 75% of the issued share capital[73]. - KJE Limited and Caiden Holdings Limited each hold 600,000,000 shares, also representing approximately 75% of the issued share capital[77]. - No stock options have been granted, exercised, canceled, or lapsed under the stock option plan since its adoption[80]. - No arrangements were made for directors to acquire shares or bonds of the company or its affiliates during the six months ended June 30, 2020[81]. - The company and its subsidiaries did not purchase, sell, or redeem any listed securities during the six months ended June 30, 2020[82]. - There were no interests held by directors or controlling shareholders in any business that directly or indirectly competes with the company during the six months ended June 30, 2020[83]. Corporate Governance - The company complied with the corporate governance code as per GEM Listing Rules Appendix 15 during the six months ended June 30, 2020[85]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2020[89].

Financial Performance - The company's revenue for the three months ended March 31, 2020, was HKD 16,356,000, a decrease of 11.5% compared to HKD 18,554,000 for the same period in 2019[4] - The company reported a loss before tax of HKD 1,542,000, compared to a profit of HKD 577,000 in the previous year, indicating a significant decline in performance[4] - The net loss for the period was HKD 1,649,000, compared to a profit of HKD 226,000 in the same quarter of 2019[4] - Total comprehensive loss for the period amounted to HKD 1,665,000, contrasting with a total comprehensive income of HKD 226,000 in the prior year[4] - The basic loss per share for the period was HKD 0.21, compared to earnings per share of HKD 0.03 in the same quarter of the previous year[4] - The loss for the three months ended March 31, 2020, was approximately HKD 1,665,000, compared to a profit of HKD 226,000 in the same period of 2019, primarily due to decreased revenue from dispatched and payroll services[36] Revenue Breakdown - Revenue from recruitment services in Hong Kong was HKD 9,321,000, down 9.8% from HKD 10,338,000 in 2019[16] - Revenue from dispatch and payroll services in Hong Kong decreased to HKD 5,194,000, a decline of 30.3% from HKD 7,440,000 in the previous year[16] - The company's revenue decreased by approximately HKD 2,198,000 or 11.8% from HKD 18,554,000 for the three months ended March 31, 2019, to HKD 16,356,000 for the same period in 2020, primarily due to a decline in dispatch and payroll services revenue[29] - Revenue from recruitment services slightly increased by approximately HKD 232,000 or 2.2%, from HKD 10,338,000 for the three months ended March 31, 2019, to HKD 10,570,000 for the same period in 2020[29] - Dispatch and payroll services revenue significantly dropped by approximately HKD 2,430,000 or 29.6%, from HKD 8,216,000 for the three months ended March 31, 2019, to HKD 5,786,000 for the same period in 2020[29] - Revenue from Hong Kong accounted for approximately 88.7% of total revenue, down from 95.8% in 2019[29] Employee Costs and Expenses - Employee costs for the same period were HKD 14,054,000, slightly down from HKD 14,391,000 in 2019, reflecting a reduction of 2.3%[4] - Employee costs for the three months ended March 31, 2020, were approximately HKD 14,054,000, accounting for about 85.9% of revenue, compared to 77.6% in 2019[31] - The cost of dispatched employees decreased by approximately HKD 2,174,000 or 29.5%, while internal employee costs increased by approximately HKD 1,837,000 or 26.2% due to an increase in internal staff in Hong Kong and China[31] - Other expenses increased from approximately HKD 3,479,000 in the three months ended March 31, 2019, to approximately HKD 3,783,000 in the same period of 2020, primarily due to increased office supplies and software maintenance costs related to business expansion[32] Tax and Equity - The company incurred a tax expense of HKD 107,000 for the period, down from HKD 351,000 in 2019, reflecting a decrease of 69.5%[17] - Income tax expenses decreased by approximately HKD 244,000 or 69.5% to approximately HKD 107,000, mainly due to a decline in estimated taxable profits from subsidiaries[34] - The total equity as of March 31, 2020, was HKD 39,102,000, a decrease from HKD 39,625,000 as of March 31, 2019[7] Dividends and Shareholder Information - The board did not recommend the payment of an interim dividend for the three months ended March 31, 2020, consistent with the previous year[20] - As of March 31, 2020, the company had a total of 800,000,000 issued shares[42] - Major shareholders, including KJE Limited and Caiden Holdings Limited, each hold approximately 75% of the issued share capital, totaling 600,000,000 shares[43] Corporate Governance and Compliance - The company has complied with the corporate governance code as per GEM Listing Rules during the three months ended March 31, 2020[53] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the three months ended March 31, 2020[56] Future Plans and Strategies - The company plans to further expand its recruitment services into China in 2020[28] - The company aims to diversify its service branches and expand its customer base to increase revenue sources[28] - A new team has been established to focus on recruitment services for local and Asian financial services clients[23] - The company remains cautiously optimistic about the dispatch and payroll services segment despite challenging business conditions[24] Financing and Stock Options - The financing costs decreased due to the full repayment of bank loans in August 2019[35] - The company has not granted any stock options under the stock option plan since its adoption on September 13, 2018[47] - No arrangements were made for directors to acquire shares or bonds of the company or its affiliates during the three months ended March 31, 2020[48] - The company and its subsidiaries did not purchase, sell, or redeem any listed securities during the three months ended March 31, 2020[49] - There were no interests held by directors or controlling shareholders in any business that directly or indirectly competes with the company during the three months ended March 31, 2020[50]

Financial Performance - The company's revenue increased by 22% from approximately HKD 66.3 million in 2018 to approximately HKD 80.9 million in 2019[11]. - Profit decreased from approximately HKD 8.1 million in 2018 to approximately HKD 1.7 million in 2019, excluding non-recurring listing expenses[11]. - Total revenue for the year ended December 31, 2019, increased by approximately 22% to about HKD 80,872,000 from approximately HKD 66,291,000 for the year ended December 31, 2018[28]. - The company recorded a comprehensive income of approximately HKD 1,676,000 for the year ended December 31, 2019, a decrease from approximately HKD 8,083,000 in the previous year[21]. - The profit for the year ended December 31, 2019, was approximately HKD 1,676,000, a decrease of HKD 6,407,000 or 79.3% compared to a profit of approximately HKD 8,083,000 in 2018, excluding non-recurring listing expenses[39]. - As of December 31, 2019, the company's distributable reserves amounted to approximately HKD 2,547,000, an increase from HKD 1,327,000 in 2018, reflecting improved financial health[94]. Revenue Sources - Revenue from recruitment services rose to approximately HKD 48,049,000, accounting for about 59.4% of total revenue, compared to approximately HKD 36,001,000 or 54.3% in the previous year[30]. - Revenue from dispatch and payroll services increased to approximately HKD 32,823,000, representing about 40.6% of total revenue, up from approximately HKD 30,290,000 or 45.7% in the previous year[32]. - Revenue generated from Hong Kong accounted for approximately 93.0% of total revenue in 2019, with revenue from Hong Kong increasing to approximately HKD 75,197,000 from about HKD 62,952,000 in 2018[33]. Costs and Expenses - Direct costs rose by 33% from approximately HKD 47.7 million in 2018 to approximately HKD 63.5 million in 2019[11]. - Other expenses and losses increased from approximately HKD 8.4 million in 2018 to approximately HKD 14.9 million in 2019[11]. - Employee costs for the year ended December 31, 2019, amounted to approximately HKD 63,499,000, an increase of HKD 15,785,000 or 33.1% compared to HKD 47,714,000 in 2018, representing 78.5% of revenue[34]. - Internal employee costs increased to approximately HKD 33,503,000 for the year ended December 31, 2019, from HKD 19,990,000 in 2018, accounting for 52.8% of total employee costs[34]. - Other expenses and losses rose by approximately HKD 6,432,000 or 76.3% to about HKD 14,866,000 for the year ended December 31, 2019, primarily due to increased depreciation and additional office rental costs[36]. Market Expansion and Strategy - The recruitment services segment achieved a year-on-year growth of 33%[17]. - The company established a new brand "KOS Solutions" and expanded its recruitment operations in China[11]. - The company plans to deepen its presence in the Hong Kong human resources service market and build a recruitment service network in China[12]. - The company successfully expanded its operations into China, establishing its first office in Shenzhen in early 2019, with plans for further expansion into other cities in 2020[18]. - The company aims to maintain revenue growth as a top priority for 2020, leveraging its large customer base and brand recognition in Hong Kong[24]. - The company plans to diversify its service branches and expand its customer base to increase revenue sources in 2020[26]. Challenges and Risks - The company faced challenges due to the US-China trade dispute, social unrest in Hong Kong, and the COVID-19 outbreak[10]. - The company reported a significant reliance on major clients for revenue, with a substantial portion of earnings coming from its largest customer, indicating potential financial risks if demand decreases[83]. - The company faces risks related to labor shortages and increased employee costs, which could adversely affect operations and financial performance[83]. - The company is aware of the risks associated with expanding into the Chinese market, which may impact its business operations[83]. Corporate Governance - The board of directors includes members with significant legal and financial expertise, enhancing corporate governance[71][76]. - The company has adopted a share option scheme, allowing for the issuance of up to 80,000,000 shares, representing 10% of the issued shares[106]. - The company has adhered to the corporate governance code as per GEM listing rules, ensuring high levels of transparency and effective internal controls[146]. - The board consists of six members, including three independent non-executive directors, with a wide age distribution from 37 to 67 years[159]. - The company has established a non-competition agreement with its controlling shareholders to prevent conflicts of interest[138]. Audit and Financial Reporting - The company’s financial statements for the year ended December 31, 2019, were audited by Deloitte[143]. - The independent auditor's report confirms that the consolidated financial statements present a true and fair view of the group's financial position as of December 31, 2019[192]. - The financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards[192]. - The audit identified the impairment assessment of accounts receivable as a key audit matter due to its significance to the group's financial position[196]. - The audit procedures included understanding key control processes related to credit risk assessment and evaluating the appropriateness of management's loss provisioning methods[197]. Employee Relations and Development - The company acknowledges the importance of employee relations and ensures reasonable compensation and benefits, which are regularly reviewed[90]. - The company has a strong focus on employee training and development as part of its overall strategy[73]. - The company does not have any additional retirement benefit plans for its employees beyond the mandatory provident fund and social security contributions[136]. Technology and Operations - The company will continue to upgrade software, computer, and network systems to ensure quality performance[26]. - The company has begun upgrading its IT systems, although this development was not completed by December 31, 2019[57]. - The company has completed the specified phase of automating its workflows to support business operations by December 31, 2019[59].

Financial Performance - For the three months ended September 30, 2019, the company's revenue was HKD 21,633,000, representing an increase of 5.2% compared to HKD 20,566,000 for the same period in 2018[4] - For the nine months ended September 30, 2019, the company's revenue reached HKD 60,875,000, up 14.5% from HKD 53,430,000 in the previous year[4] - The company's net profit for the three months ended September 30, 2019, was HKD 1,760,000, a decrease of 35.5% from HKD 2,727,000 in the same period of 2018[4] - The net profit for the nine months ended September 30, 2019, was HKD 3,427,000, slightly down by 2.8% compared to HKD 3,525,000 for the same period in 2018[4] - The basic earnings per share for the three months ended September 30, 2019, was HKD 0.21, down from HKD 0.45 in the same period of 2018[4] - The total comprehensive income for the three months ended September 30, 2019, was HKD 1,642,000, compared to HKD 2,727,000 for the same period in 2018[4] - Total revenue for the nine months ended September 30, 2019, was HKD 60,875,000, an increase from HKD 53,430,000 in the same period of 2018, representing a growth of approximately 14.5%[23] - The company recorded a profit of approximately HKD 3,347,000 for the nine months ended September 30, 2019, slightly down by about HKD 178,000 compared to HKD 3,525,000 for the same period in 2018[34] - Total profit and comprehensive income for the nine months ended September 30, 2019, decreased by approximately HKD 178,000 or 5.1% to HKD 3,347,000 from HKD 3,525,000 for the same period in 2018[45] Employee Costs - The company reported employee costs of HKD 15,196,000 for the three months ended September 30, 2019, which is an increase of 29.5% from HKD 11,698,000 in the same period of 2018[4] - Employee costs increased from approximately HKD 33,328,000 for the nine months ended September 30, 2018, to approximately HKD 44,320,000 for the same period in 2019, marking a rise of about 33.0%[40] Financing Costs - The company incurred financing costs of HKD 228,000 for the three months ended September 30, 2019, compared to HKD 199,000 in the same period of 2018[4] - The company reported finance costs of HKD 631,000 for the nine months ended September 30, 2019, up from HKD 471,000 in the same period of 2018, indicating a rise of approximately 34%[23] - The company’s interest on leases for the nine months ended September 30, 2019, was HKD 201,000, reflecting the impact of the new lease accounting standard[23] - The financing cost for the nine months ended September 30, 2019, included lease liabilities interest of HKD 201,000 due to the adoption of HKFRS 16[42] Tax Expenses - The company incurred a tax expense of HKD 1,684,000 for the nine months ended September 30, 2019, compared to HKD 2,608,000 in 2018, showing a decrease of about 35.4%[24] - Income tax expenses decreased by approximately HKD 924,000 or 35.4% from HKD 2,608,000 for the nine months ended September 30, 2018, to HKD 1,684,000 for the nine months ended September 30, 2019[44] Market Strategy and Expansion - The company has been providing recruitment and payroll services in Hong Kong, Macau, and China, indicating a focus on market expansion[6] - The company aims to maintain a significant market share and continue to seize market opportunities for sustainable business development[35] - The company plans to expand its services beyond Hong Kong, leveraging its strong client base and brand recognition[36] Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 for the nine months ending September 30, 2019[62] - All directors confirmed adherence to the trading standards and code of conduct for securities transactions during the nine months ending September 30, 2019[63] - The Audit Committee, established on September 13, 2018, consists of three independent non-executive directors and oversees financial reporting and internal controls[65] - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the nine months ending September 30, 2019, providing opinions and recommendations[65] - The board includes three executive directors and three independent non-executive directors as of the report date[67] Share Capital and Dividends - As of September 30, 2019, the company had a total issued share capital of 800,000,000 shares[52] - Major shareholders KJE Limited and Caiden Holdings Limited each hold 600,000,000 shares, representing approximately 75% of the issued share capital[53] - The company did not recommend the payment of dividends for the nine months ended September 30, 2019[30] - No dividend was recommended for the nine months ended September 30, 2019[46] Other Financial Information - The company recognized lease liabilities of HKD 6,079,000 and right-of-use assets of HKD 5,771,000 upon the initial application of HKFRS 16 on January 1, 2019[16] - The company has opted for exemptions on low-value asset leases and leases with a term of 12 months or less, recognizing lease payments on a straight-line basis[16] - The company’s operating lease commitments as of December 31, 2018, were HKD 6,918,000, which were adjusted to HKD 6,079,000 upon the adoption of HKFRS 16[18] - Non-recurring listing expenses for the nine months ended September 30, 2018, amounted to approximately HKD 9,137,000[43] - The company has not granted any share options under the share option scheme adopted on September 13, 2018[56] - No arrangements were made for directors to acquire shares or bonds of the company or its subsidiaries during the nine months ended September 30, 2019[57] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended September 30, 2019[58] - The company will upgrade its software, computer, and network systems to ensure high performance[38] - The company has established a large database of job seekers since 2009, which is expected to support its growth strategy[39]

Financial Performance - The company's revenue for the six months ended June 30, 2019, was HKD 39,242,000, representing a 19.5% increase from HKD 32,864,000 in the same period of 2018[5] - The net profit for the six months ended June 30, 2019, was HKD 1,667,000, up 154.4% from HKD 657,000 in the same period of 2018[5] - Basic earnings per share for the six months ended June 30, 2019, was HKD 0.21, compared to HKD 0.11 for the same period in 2018, reflecting an increase of 90.9%[5] - The total comprehensive income for the six months ended June 30, 2019, was HKD 1,705,000, compared to HKD 657,000 in the same period of 2018, indicating a significant growth[5] - The group reported a total of HKD 20,688,000 in revenue for the three months ended June 30, 2019, compared to HKD 15,992,000 for the same period in 2018, reflecting a growth of 29.1%[24] - The group's revenue increased from approximately HKD 32,864,000 for the six months ended June 30, 2018, to approximately HKD 39,242,000 for the six months ended June 30, 2019, representing a growth of about 19.4%[49] - Profit and total comprehensive income rose by approximately HKD 1,048,000 or 159.5% to about HKD 1,705,000 for the six months ended June 30, 2019, compared to approximately HKD 657,000 for the same period in 2018[63] Revenue Breakdown - Revenue from recruitment services in Hong Kong was HKD 21,782,000, up 26.5% from HKD 17,256,000 in the previous year[24] - The group’s revenue from dispatch and payroll services in Hong Kong reached HKD 15,591,000, an increase of 13.3% from HKD 13,757,000 in the previous year[24] - The group’s total revenue from Macau for dispatch and payroll services was HKD 1,309,000, down 29.2% from HKD 1,851,000 in the previous year[24] Expenses and Costs - Employee costs for the six months ended June 30, 2019, were HKD 29,124,000, which is a 34.5% increase from HKD 21,629,000 in the same period of 2018[5] - Other expenses and losses rose by approximately HKD 4,312,000 to about HKD 7,170,000 for the six months ended June 30, 2019, mainly due to new office lease costs and increased marketing expenses[58] - The company reported a financing cost of HKD 403,000 for the six months ended June 30, 2019, compared to HKD 271,000 in the same period of 2018, reflecting a 48.6% increase[5] - The income tax expense for the six months ended June 30, 2019, was HKD 1,045,000, down from HKD 1,225,000 for the same period in 2018[32] Assets and Liabilities - The company's cash and cash equivalents at the end of June 30, 2019, were HKD 24,693,000, down from HKD 27,800,000 at the end of 2018[8] - The total assets less current liabilities as of June 30, 2019, amounted to HKD 43,555,000, an increase from HKD 39,399,000 at the end of 2018[6] - The company’s total equity as of June 30, 2019, was HKD 40,796,000, an increase from HKD 39,399,000 at the end of 2018[6] - The group’s total liabilities related to leases were classified into current liabilities of HKD 2,186,000 and non-current liabilities of HKD 3,893,000[22] Employee Information - As of June 30, 2019, the group had 65 internal employees, an increase from 45 employees as of December 31, 2018[74] - Employee costs, including director remuneration, amounted to approximately HKD 13,719,000 for the six months ended June 30, 2019, compared to approximately HKD 7,270,000 for the same period in 2018[74] Corporate Governance and Compliance - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[95] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2019[99] - The board of directors includes three executive directors and three independent non-executive directors as of the report date[99] Future Plans and Strategies - The company expects to maintain a significant market share and continue to seize market opportunities for sustainable business development[51] - The company plans to leverage its strong client base and brand recognition in Hong Kong to expand services into China and other regions[52] - The company aims to enhance its competitive advantages by upgrading software and IT systems to ensure high performance[53] Shareholder Information - KJE Limited and Caiden Holdings Limited collectively hold 600,000,000 shares, representing approximately 75% of the issued share capital[87] - KJE Limited is owned by Mr. Chan Ka-Kit, Mr. Chan Ka-On, and Mr. Chan Ka-Sing, each holding about 33.33% of the shares[87] - Mr. Chow Ka-Wai fully owns Caiden Holdings Limited, which also holds 600,000,000 shares, equating to 75% of the issued share capital[87] Capital and Financing - The capital debt ratio was 12.3% as of June 30, 2019, down from 19.0% as of December 31, 2018, indicating improved financial stability[66] - The group reported a total of HKD 5,000,000 in secured bank loans as of June 30, 2019, down from HKD 7,500,000 as of December 31, 2018[43] - The net proceeds from the share offering on October 12, 2018, were approximately HKD 31,000,000, with about HKD 12,375,000 utilized by June 30, 2019[80] - The unutilized portion of the net proceeds from the share offering was approximately HKD 18,610,000, held in a licensed bank in Hong Kong[80] Other Information - The group has completed the expansion of its recruitment services team in Hong Kong as planned[76] - The group has also expanded its business team in China, focusing on recruitment services, as per its strategy[76] - The group has completed the planned project phase for upgrading its website by June 30, 2019[78] - The group has initiated the automation of its work processes to support business operations, which is still in progress as of June 30, 2019[78] - As of June 30, 2019, there were no significant contingent liabilities reported by the group[73] - No share options have been granted under the share option scheme adopted on September 13, 2018[89] - There were no arrangements made for directors to acquire shares or bonds of the company or its subsidiaries during the six months ending June 30, 2019[90] - The company did not purchase, sell, or redeem any of its listed securities during the six months ending June 30, 2019[91]

Financial Performance - The company reported unaudited consolidated revenue of HKD 18,554,000 for the three months ended March 31, 2019, representing a 9.97% increase from HKD 16,872,000 in the same period of 2018[3]. - The company recorded a pre-tax profit of HKD 577,000, down from HKD 772,000, reflecting a decrease of 25.2%[3]. - The net profit for the period was HKD 226,000, compared to HKD 128,000 in the previous year, marking a 76.56% increase[3]. - Total profit and comprehensive income increased by approximately HKD 98,000 or 76.6% to HKD 226,000 for the three months ended March 31, 2019[37]. - The company experienced a decline in total profit and comprehensive income when excluding non-recurring listing expenses from the previous year, dropping by approximately HKD 2,890,000 or 92.7%[37]. Revenue Breakdown - Revenue from recruitment services in Hong Kong was HKD 10,338,000, up from HKD 8,522,000, a rise of 21.3%[16]. - Revenue from dispatch and payroll services in Hong Kong was HKD 7,440,000, slightly down from HKD 7,519,000, a decrease of 1.05%[16]. - Revenue from dispatch and payroll services in Macau decreased to HKD 776,000 from HKD 831,000, a decline of 6.6%[16]. - Revenue from recruitment services rose by approximately HKD 1,816,000 or 21.3% to approximately HKD 10,338,000, while dispatch and payroll services slightly decreased by HKD 134,000 or 1.6% to approximately HKD 8,216,000[29]. - Approximately 95.8% of the company's revenue for the three months ended March 31, 2019, was derived from Hong Kong, compared to 95.1% in 2018[29]. Employee Costs - Employee costs rose to HKD 14,391,000, up from HKD 11,492,000, indicating a 25.5% increase[3]. - Employee costs for the three months ended March 31, 2019, were approximately HKD 14,391,000, representing 77.6% of revenue, compared to 68.1% in 2018[30]. - Employee costs increased by approximately HKD 2,899,000 or 25.2% to HKD 14,391,000 for the three months ended March 31, 2019, primarily due to an increase in internal staff for business expansion[32]. Other Income and Expenses - Other income increased to HKD 65,000 from HKD 3,000 year-on-year[3]. - Other expenses and losses rose by approximately HKD 2,052,000 to HKD 3,514,000, mainly due to depreciation, rent, and professional fees related to the new office and business expansion[33]. - Income tax expenses decreased by approximately HKD 293,000 or 45.5% to HKD 351,000, attributed to a decline in estimated taxable profits from subsidiaries[35]. Shareholder Information - Major shareholders, including KJE Limited and Caiden Holdings Limited, each hold approximately 75% of the issued share capital, totaling 600,000,000 shares[42]. - The average number of ordinary shares used for calculating basic earnings per share increased from 600,000 shares in 2018 to 800,000 shares in 2019[21]. - The company has adopted a share option scheme since September 13, 2018, but no options have been granted under this scheme[44]. Dividends and Corporate Governance - The company does not recommend the payment of an interim dividend for the three months ended March 31, 2019, consistent with 2018[19]. - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 during the three months ended March 31, 2019[50]. - The audit committee, consisting of three independent non-executive directors, was established on September 13, 2018, and has reviewed the unaudited condensed consolidated financial statements for the three months ended March 31, 2019[53][55]. Future Outlook - The company anticipates maintaining a significant market share and seizing market opportunities for sustainable business development[26]. - Management plans to focus on expanding service offerings, broadening the customer base, and upgrading software and network systems to mitigate potential business risks[25]. - The company aims to leverage its strong customer base and brand recognition in Hong Kong to expand services to relevant regions in the future[27].