Financial Performance - Revenue for the six months ended June 30, 2024, was HK$4,337,000, a decrease of 32.9% compared to HK$6,465,000 for the same period in 2023[2] - Other income decreased to HK$126,000 from HK$598,000, representing a decline of 78.9% year-on-year[2] - Loss before income tax for the period was HK$6,812,000, slightly higher than the loss of HK$6,621,000 in the previous year, indicating a 2.9% increase in losses[2] - Total comprehensive loss for the period attributable to owners of the Company was HK$6,267,000, compared to HK$5,691,000 in the same period last year, reflecting an increase of 10.1%[3] - Basic and diluted loss per share attributable to owners of the Company was HK$0.32, compared to HK$0.29 for the same period in 2023, marking an increase of 10.3%[3] - The company reported a loss before income tax of HK$6,812,000 for the six months ended June 30, 2024, compared to a loss of HK$6,621,000 for the same period in 2023[7] - The Group's loss attributable to owners for the six months ended 30 June 2024 was HK$6,267,000, compared to HK$5,691,000 in 2023, representing an increase in loss of approximately 10%[32] - The turnover for the six months ended 30 June 2024 was HK$4,377,000, a decrease of approximately 33% from HK$6,465,000 in the same period last year[32] Assets and Liabilities - Non-current assets decreased to HK$24,913,000 as of June 30, 2024, from HK$24,719,000 at the end of 2023, a decline of 0.8%[4] - Current assets totaled HK$86,813,000, down from HK$90,243,000 at the end of 2023, representing a decrease of 3.0%[4] - Trade receivables significantly decreased to HK$358,000 from HK$3,061,000, a decline of 88.3%[4] - Inventories stood at HK$43,948,000, slightly down from HK$44,513,000, indicating a decrease of 1.3%[4] - Net assets decreased to HK$76,362,000 as of June 30, 2024, from HK$83,174,000 at the end of 2023, reflecting a decline of 8.2%[4] - Total equity as of June 30, 2024, decreased to HK$76,362,000 from HK$83,174,000 as of December 31, 2023, representing a decline of approximately 8.7%[5] - The Group's reportable segment assets as of June 30, 2024, totaled HK$332,619,000, down from HK$339,915,000 as of December 31, 2023, reflecting a decrease of about 2%[17] - The Group's total liabilities increased to HK$35,364,000 as of June 30, 2024, compared to HK$31,788,000 as of December 31, 2023, marking an increase of approximately 11%[17] Revenue Breakdown - Revenue from enterprise software products decreased to HK$1,105,000 in the first half of 2024, down 74.5% from HK$4,313,000 in the same period of 2023[13] - Professional services revenue increased to HK$1,608,000 in the first half of 2024, up 51.3% from HK$1,064,000 in the same period of 2023[13] - Sales of rehabilitation products rose to HK$1,624,000 in the first half of 2024, compared to HK$1,088,000 in the same period of 2023, marking an increase of 49.2%[13] - The Group's jewellery products segment reported revenue of HK$2,713,000 for the six months ended June 30, 2024, down from HK$5,377,000 in 2023, indicating a decline of approximately 50%[15] - The IT products and services segment generated revenue of HK$1,624,000 for the six months ended June 30, 2024, compared to HK$1,088,000 in the same period of 2023, reflecting an increase of about 49%[15] - Revenue from sales of rehabilitation products amounted to HK$1,624,000, an increase from HK$1,088,000 in 2023[32] Cash Flow and Expenses - Cash and cash equivalents at the end of the period were HK$20,137,000, a slight decrease from HK$20,219,000 at the end of the previous period[7] - The company experienced a net cash outflow from operating activities of HK$82,000 for the six months ended June 30, 2024, compared to a net outflow of HK$1,002,000 in the same period of 2023[7] - Employee benefits expenses for the same period were HK$775,000, down from HK$1,501,000, reflecting a reduction of 48.3%[37] - The Group's net current assets as of June 30, 2024, were HK$11,804,000, a decrease from HK$12,735,000 as of December 30, 2023, representing a decline of 7.3%[38] Corporate Governance and Compliance - The Company has complied with the Corporate Governance Code set out in Appendix 15 of the GEM Listing Rules during the period ended 30 June 2024[49] - The audit committee reviewed the unaudited consolidated results for the six months ended 30 June 2024, confirming compliance with applicable accounting standards[49] - The Company has established good corporate governance practices essential for growth and safeguarding shareholders' interests[49] - The audit committee's principal duties include reviewing and supervising the financial reporting process and risk management systems[49] - The Company has adopted a code of conduct regarding securities transactions by directors, ensuring adherence to GEM Listing Rules[50] - All directors confirmed compliance with the required standard of dealings regarding securities transactions throughout the six months ended 30 June 2024[50] Shareholding Structure - As of June 30, 2024, Ms. Li Xia holds 804,159,697 shares, representing 41.29% of the company's issued share capital[41] - Mr. Chen Yin owns 149,455,740 shares, accounting for 7.67% of the company's issued share capital[41] - CK Hutchison Holdings is deemed to be interested in 143,233,151 shares through its controlled companies, which is 7.35% of the company's issued share capital[46] - Mr. Lau Cheung Hung holds 162,752,000 shares, representing 8.35% of the company's issued share capital[46] - Ocean Expert Investments Limited, wholly owned by Ms. Li Xia, is the beneficial owner of 804,159,697 shares[47] - Flourish Zone Limited, wholly owned by Mr. Chen Yin, is the beneficial owner of 149,455,740 shares[47] - No other interests or short positions in the issued share capital of the company were reported as of June 30, 2024[47] - The company maintains a register of interests and short positions as required by the Securities and Futures Ordinance[45] - The interests of directors and chief executives are disclosed under the provisions of the Securities and Futures Ordinance[45] - The company has not been notified of any other interests or short positions beyond those disclosed[48] Market and Economic Context - China's GDP grew by 5% in the first half of 2024, driven by industrial production and export recovery[39] - Retail sales of consumer goods increased by 4.7%, but gold jewelry sales fell by 27% due to high gold prices averaging around US$2,250 per ounce[39] - The Group expects significant growth in spending for child rehabilitation services in 2024, positively impacting its rehabilitation segment[39] - The Group will continue to scale down its IT Products and Services segment[39]

Financial Performance - For the year ended December 31, 2023, the Group's revenue amounted to HK$21,422,000, a decrease of 25.6% from HK$28,785,000 in 2022[70]. - Sales of gold and jewellery products fell by 42% to HK$6,457,000, down from HK$11,181,000 in 2022[70]. - Revenue from enterprise software products decreased by 38% to HK$8,346,000, compared to HK$13,388,000 in the previous year[70]. - The rehabilitation product segment generated revenue of approximately HK$4,871,000, contributing 23% to total revenue, up from HK$1,441,000 in 2022[70]. - The Group reported a loss attributable to the owners of the Company of HK$12,405,000 for 2023, compared to a loss of HK$6,915,000 in 2022[65]. - Total assets as of December 31, 2023, were HK$114,962,000, while total liabilities stood at HK$31,788,000[49]. - Revenue from the Jewellery Products segment decreased by 42% to HK$6,457,000, down from HK$11,181,000 in 2022[95]. - Revenue from the IT Products and Services segment also declined by 38% to HK$10,094,000, compared to HK$16,163,000 in 2022[95]. - Revenue from the Rehabilitation Products segment increased significantly to HK$4,871,000, up from HK$1,441,000 in 2022[95]. - As of December 31, 2023, the Group maintained cash and bank balances of HK$21,031,000, a decrease from HK$23,438,000 in 2022[79]. - The Group's gearing ratio was nearly zero, indicating a strong capital structure with no significant debt[80]. - The Group has no immediate plans to expand its other two segments due to uncertainties and sluggish market conditions[107]. - The Group's capital commitment as of December 31, 2023, was HK$2,550,000, an increase from HK$396,000 in 2022[89]. - There were no significant investments or material acquisitions during the year ended December 31, 2023[88]. - The group did not recommend any dividend distribution for the year ending December 31, 2023, consistent with the previous year[199]. Governance and Management - The board of directors confirmed that all independent non-executive directors are considered independent, ensuring a balanced governance structure[12]. - Mr. Chong Yu Ping has been appointed as the Chairman and CEO since December 2023, indicating a potential shift in leadership strategy[14]. - The audit committee is chaired by Mr. Poon Hon Yin, who also attended several professional development seminars in 2023, reflecting a commitment to governance and oversight[18]. - The company has implemented a continuous professional development program for all directors to ensure they remain informed and effective in their roles[19]. - The executive directors meet bi-weekly to review business performance, indicating a proactive approach to management oversight[11]. - The company emphasizes the importance of independent judgment in strategic decisions through the participation of independent non-executive directors in board meetings[17]. - The Board of Directors consists of three executive directors and three independent non-executive directors[118]. - The Company Secretary assists the chairman in preparing meeting agendas and ensures compliance with corporate governance procedures[124]. - The Audit Committee was established on August 11, 2000, to review and supervise the financial reporting process and internal control procedures[135]. - The Audit Committee met on a quarterly basis during the year ended December 31, 2023[153]. - All directors attended at least three board meetings in the reporting period, ensuring active participation in governance[136]. - The roles of chairman and chief executive officer are separated to ensure a clear division of responsibilities[140]. - Directors are required to participate in continuous professional development to ensure their contributions remain informed and relevant[128]. Shareholder Communication - The Company maintains open and effective communication with investors, providing timely updates on business developments[145]. - The Company has established a range of communication channels with shareholders and investors, including the publication of reports on its website[160]. - The Company is committed to maintaining ongoing dialogue with shareholders, particularly through annual general meetings[144]. - Shareholders holding at least one-tenth of the paid-up capital have the right to requisition an extraordinary general meeting[149]. - The 2024 Annual General Meeting is scheduled for May 15, 2024, with further information to be dispatched to shareholders[149]. Business Outlook - The economic growth of Mainland China was 5.2% in 2023, but this growth may take time to impact the Group's business segments[62]. - The Board is optimistic about the business environment in 2024, particularly in the health and rehabilitation industries[101]. - The Company is committed to enhancing governance, promoting employee welfare and development, protecting the environment, and giving back to society to achieve sustainable growth[200]. - The Group is committed to enhancing governance and fulfilling social responsibility to achieve sustainable growth[187]. Compliance and Legal - The Company has complied with relevant laws and regulations that significantly impact its operations[187]. - The Company has received annual confirmations of independence from all independent non-executive Directors[152]. - There were no significant events occurring after the reporting period[180]. - The principal activity of the Company is investment holding, with details provided in the consolidated financial statements[178]. - The Group's financial summary for the last five financial years is available on page 5 of the annual report[188].

Shareholding Structure - Ocean Expert Investments Limited holds 804,159,697 shares, representing 41.29% of the issued share capital of the Company[2] - Mr. Lau Cheung Hung owns 162,752,000 shares, accounting for 8.35% of the issued share capital[2] - Flourish Zone Limited has 149,455,740 shares, which is 7.67% of the issued share capital[2] - CK Hutchison Holdings Limited holds 143,233,151 shares, representing 7.35% of the issued share capital[2] - At least 25% of the Company's total issued share capital was held by the public as of the report date[18] Audit and Governance - The Audit Committee met quarterly during the year ended December 31, 2023, to review financial reporting and internal control procedures[17] - The Company confirmed that all independent non-executive Directors are considered independent[20] - There were no significant interests in competing businesses held by Directors or management shareholders during the year[28] - The Company has established an Audit Committee to ensure compliance with GEM Listing Rules and enhance governance practices[17] - The Audit Committee's principal duties include reviewing and supervising the financial reporting process, internal control procedures, and risk management system of the Group[175] - The Company confirmed that annual confirmations of independence were received from each of the independent non-executive Directors, ensuring all are considered independent[186] - The Remuneration Committee, consisting of independent non-executive directors, is responsible for making recommendations on the remuneration policy for all Directors and Senior Management[179] - The Company has arranged appropriate liability insurance for Directors, which is reviewed annually to cover risks arising from corporate activities[192] - The Company Secretary assists the Board in ensuring compliance with corporate governance and provides advice on related matters[158] - The Company met with the external auditor to review and make recommendations for the Board's approval on annual, interim, and quarterly reports[200] - The audit fee was reviewed and approved by the Company[200] - The Company recommended the re-appointment of Grant Thornton Hong Kong Limited as auditor, subject to Shareholders' approval at the annual general meeting[200] - The effectiveness of the Company's risk management and internal control systems was reviewed[200] - The adequacy of resources, qualifications, and experience of the Company's accounting and financial reporting staff was reviewed[200] Financial Performance - The Group's revenue for the year ended December 31, 2023, amounted to HK$21,422,000, a decrease of 25.7% compared to HK$28,785,000 in 2022[73] - For the year ended December 31, 2023, the Group's revenue was HK$21,422,000, a decrease of 25.5% from HK$28,785,000 in 2022[88] - Sales of gold and jewellery products decreased by 42% to HK$6,457,000, down from HK$11,181,000 in 2022[86] - Revenue from enterprise software products fell by 38% to HK$8,346,000, compared to HK$13,388,000 in 2022[86] - The rehabilitation products segment generated revenue of approximately HK$5 million, contributing 23% to the total revenue for the year[104] - The Group reported a loss before income tax of HK$13,815,000 for the year, compared to a loss of HK$8,820,000 in 2022[1] - For the year ended December 31, 2023, the Group reported a loss attributable to owners of HK$12,405,000, compared to a loss of HK$6,915,000 in 2022[110] - Revenue from the Jewellery Products segment decreased by 42% to HK$6,457,000, down from HK$11,181,000 in 2022[110] - Revenue from the IT Products and Services segment fell by 38% to HK$10,094,000, compared to HK$16,163,000 in 2022[119] - Revenue from the Rehabilitation Products segment increased to HK$4,871,000, up from HK$1,441,000 in 2022[119] Financial Position - Total assets as of December 31, 2023, were HK$122,979,000, a decrease from HK$130,484,000 in 2022[1] - The Group maintained cash and bank balances of HK$21,031,000 as of December 31, 2023, down from HK$23,438,000 in 2022[90] - The gearing ratio was nearly zero, indicating a strong financial position with no significant debt[91] - As of December 31, 2023, the Group's capital commitments amounted to HK$2,550,000, significantly higher than HK$396,000 in 2022[118] Strategic Outlook - The Group will adopt a prudent but optimistic view on the business environment for 2024, with any expansion plans and investment decisions being assessed with dual care[69] - The Board maintains a prudent but optimistic outlook for 2024, focusing on health and rehabilitation industries less affected by economic cycles[122] - The Group anticipates that the performance of its health and rehabilitation business will become more prominent later in 2024 as a joint venture in Shandong commences operations[124] - The Company emphasizes the importance of understanding the potential risks associated with investing in small and mid-sized companies listed on GEM[59] - The Group's financial position will be closely monitored to ensure sustainable growth and effective resource allocation[74] - The Company aims to enhance shareholder value through strategic initiatives and careful management of financial resources[68] - The Board expresses gratitude to shareholders for their continued support and confidence in the Company's future prospects[68] Corporate Developments - The Group signed an agreement to establish a joint venture in Shandong, PRC, for promoting home-use electronic medical devices[81] - There were no significant investments or acquisitions during the year, with the last notable investment being RMB 5 million in a newly established subsidiary in 2022[117] - The Group's employee count increased slightly to 56 from 55 in 2022, with remuneration based on market terms and individual performance[121] - Mr. Chong Yu Ping has been appointed as the Chairman of the Board and Chief Executive Officer since December 2023, with a commitment to maintaining a balance of power and authority[168] - The Group's issued shares remained unchanged at 1,947,690,000 shares as of December 31, 2023[112]

Financial Performance - Revenue for the six months ended June 30, 2023, was HKD 6,465,000, a decrease of 22.3% compared to HKD 8,318,000 for the same period in 2022[5] - The net loss for the six months ended June 30, 2023, was HKD 6,621,000, compared to a net loss of HKD 5,139,000 for the same period in 2022, representing an increase in loss of 28.9%[5] - The company reported a loss of HKD 2,847,000 for the three months ended June 30, 2023, compared to a loss of HKD 2,777,000 for the same period in 2022, reflecting an increase of 2.5% in losses[22] - For the six months ended June 30, 2023, the total comprehensive expenses amounted to HKD 6,621,000, up from HKD 5,139,000 in the same period of 2022, representing a 28.9% increase[22] - The basic and diluted loss per share for the six months ended June 30, 2023, was HKD 0.29, compared to HKD 0.26 for the same period in 2022, indicating a 11.5% increase in loss per share[22] Cash Flow and Assets - Cash and cash equivalents decreased to HKD 20,219,000 as of June 30, 2023, from HKD 23,438,000 at the end of 2022, a decline of 13.4%[11] - Total assets decreased to HKD 86,303,000 as of June 30, 2023, from HKD 94,729,000 at the end of 2022, a decline of 8.9%[7] - The company reported a cash flow from operating activities of HKD (1,002,000) for the six months ended June 30, 2023, compared to HKD 1,791,000 for the same period in 2022[11] - The company’s total assets as of June 30, 2023, were HKD 115,758,000, compared to HKD 122,979,000 as of December 31, 2022[49] - The company held cash and cash equivalents of HKD 20,219,000 as of June 30, 2023, compared to HKD 21,353,000 as of December 31, 2022[81] Inventory and Receivables - Inventory increased to HKD 46,261,000 as of June 30, 2023, compared to HKD 43,937,000 at the end of 2022, an increase of 5.3%[7] - Trade receivables decreased to HKD 638,000 as of June 30, 2023, from HKD 1,525,000 at the end of 2022, a decline of 58.1%[7] - Trade receivables as of June 30, 2023, were HKD 638,000, a decrease from HKD 1,525,000 as of December 31, 2022, reflecting a reduction of 58%[37] - The company continues to evaluate expected credit losses on all receivables and has made provisions for bad debts during the reporting period[39] - The company has not recorded any significant trade receivables that differ materially from their carrying value, indicating a stable short-term receivables position[75] Segment Performance - The company reported segment revenue of HKD 5,377,000 from technology products and services, and HKD 1,088,000 from other sources for the six months ended June 30, 2023[31] - Revenue from corporate software product sales was HKD 4,313,000, a decrease of approximately 31% from HKD 6,217,000 in 2022[80] - Revenue from professional services decreased by about 44% to HKD 1,064,000, down from HKD 1,892,000 in 2022[80] - The jewelry products segment recorded no revenue for the six months ended June 30, 2023, compared to HKD 209,000 in the same period last year[65] - The company recorded no revenue from gold and jewelry product sales, compared to HKD 209,000 in 2022[80] Shareholder and Dividends - The company has not declared any interim dividends for the reporting period[36] - The company did not recommend an interim dividend for the six months ended June 30, 2023, consistent with no dividend declared for the same period in 2022[54] - The company’s major shareholder, Haitong Investment Limited, holds 41.29% of the issued share capital[89] Outlook and Challenges - The management anticipates challenges in the second half of 2023 due to global interest rate hikes and financial pressures on local governments and private sectors[67] - The company maintains a cautiously optimistic outlook for the business environment in the second half of 2023, focusing on traditional gold jewelry products for high-end consumers[84] - The company aims to explore synergistic opportunities in its information technology products and services segment[84] Employment and Liabilities - The total number of employees decreased to 52 as of June 30, 2023, down from 55 at the beginning of the year[66] - The company’s liabilities as of June 30, 2023, totaled HKD 19,052,000, down from HKD 20,902,000 as of December 31, 2022, indicating a decrease of 8.8%[33] - The company maintains a zero debt ratio as cash and cash equivalents exceed total liabilities as of June 30, 2023[62] Non-current Assets - Non-current assets increased to HKD 29,455,000 as of June 30, 2023, from HKD 28,250,000 at the end of 2022, an increase of 4.3%[7] - The company acquired property, plant, and equipment amounting to HKD 2,217,000 during the six months ended June 30, 2023, compared to HKD 31,000 in the same period last year[56]

Financial Performance - Revenue for the first quarter of 2023 was HKD 2,466,000, a decrease of 28% compared to HKD 3,419,000 in the same period of 2022[2] - The company reported a loss before tax of HKD 3,774,000 for the first quarter of 2023, compared to a loss of HKD 2,310,000 in the same period of 2022[2] - The loss attributable to owners of the company for the first quarter of 2023 was HKD 3,223,000, compared to HKD 2,310,000 in the same period of 2022[4] - Basic and diluted loss per share for the first quarter of 2023 was HKD 0.17, compared to HKD 0.12 in the same period of 2022[4] - Total comprehensive loss for the first quarter of 2023 was HKD 3,774,000, compared to HKD 2,310,000 in the same period of 2022[2] - For the three months ended March 31, 2023, the company reported a loss attributable to shareholders of HKD 3,223,000, compared to a loss of HKD 2,310,000 for the same period in 2022[28] - The company’s accumulated losses as of March 31, 2023, were HKD 98,646,000, compared to HKD 88,560,000 a year earlier[36] Revenue Breakdown - Revenue from enterprise software products was HKD 2,096,000, down from HKD 2,540,000 in the same period of 2022, representing a decrease of 17.5%[14] - Revenue from professional services dropped significantly to HKD 130,000 from HKD 879,000, a decline of 85.2% year-over-year[14] - Revenue from information technology products and services decreased to HKD 2,226,000, down 35% from HKD 3,419,000 in the previous year, with enterprise software sales declining by 17% to HKD 2,096,000[37] - The company did not report any revenue from gold and jewelry product sales during the first quarter of 2023[14] - The company recorded no sales in gold and jewelry products during the first quarter of 2023, reflecting a strategic reduction in high-cost professional services[38] Tax and Financial Reporting - The company has not made any provisions for Hong Kong profits tax due to tax losses incurred during the period[22] - The financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards, with no significant impact from the adoption of new standards[12] Corporate Governance - The company has adhered to the corporate governance code as per GEM listing rules during the reporting period[54] - The audit committee reviewed the financial reporting process and internal control systems, ensuring compliance with applicable accounting standards[56] - The company has established a remuneration committee to oversee compensation matters, consisting of independent non-executive directors[57] - The nomination committee was formed to define its specific responsibilities, ensuring compliance with GEM listing rules[59] - All directors confirmed compliance with the trading standards for securities transactions during the reporting period[60] - There are no significant competitive business interests held by directors or management that could pose a conflict with the company's operations[61] - The company is committed to maintaining reliable corporate governance practices to protect shareholder interests[54] - The board of directors includes a mix of executive and independent non-executive members, ensuring diverse oversight[63] Market Outlook - The economic growth in mainland China for the first quarter of 2023 was 4.5%, exceeding market expectations of 4.0%[39] - The company maintains a cautiously optimistic outlook, expecting to benefit from domestic consumption stimulus measures[46] - The average gold price increased by 8% to USD 1,978 per ounce by the end of the first quarter of 2023[44] Shareholder Information - Major shareholders include Haitong Investment Limited with 41.29% and Shengyu Limited with 7.67% of the issued share capital[50] - The company did not declare any dividends for the three months ended March 31, 2023, consistent with the previous year[36] - The company reported its unaudited consolidated performance for the three months ending March 31, 2023, with no specific financial figures disclosed in the provided content[56] - There were no purchases, sales, or redemptions of the company's listed securities during the review period[63]

YU TAK INTERNATIONAL HOLDINGS LIMITED 御德國際控股有限公司 （於百慕達註冊成立之有限公司） （股份代號：8048） 截至二零二三年三月三十一日止三個月之 第一季度業績 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的中小型公司提供一個上 市的市場。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方 作出投資決定。 由於GEM上市公司一般為中小型公司，在GEM買賣之證券可能會較於聯交所主板買賣的證券 承受較大之市場波動風險，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份內容而產生或因倚賴該等內容而引致之 任何損失承擔任何責任。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定而提供有關御德國際控股有 限公司（「本公司」）之資料。本公司之董事（「董事」）願就本公告所載資料共同及個別承擔全部責 任。董事在作出一切合理查詢後，確認就其所深知及 ...

Corporate Governance - The Nomination Committee was established on March 21, 2012, to assist the Board in the appointment of Board members[1]. - The Nomination Committee comprises three members, including two independent non-executive directors and one executive director, with Mr. Lam Tin Faat serving as the chairman[2]. - The Committee reviewed the existing Board's structure, size, and composition, and assessed the independence of the independent non-executive directors during the year[3]. - The Board consists of six directors, with three being independent non-executive directors, promoting critical review and control of the management process[11]. - The Company has adopted a Board diversity policy, considering factors such as age, cultural background, and professional experience to enhance performance quality[8]. - The Company Secretary facilitates communication between the Board and management, ensuring governance matters are addressed[12]. - The Group is committed to enhancing governance and fulfilling social responsibility to achieve sustainable growth[66]. - The Group has established multiple communication channels with shareholders, including annual reports and meetings[53]. - The company has established good corporate governance practices, detailed in the Corporate Governance Report on pages 11 to 23[162]. - The company is committed to maintaining adequate public float and corporate governance standards[157]. Financial Performance - For the year ended December 31, 2022, the auditors provided annual audit services for HK$900,000, an increase from HK$860,000 in 2021[24]. - The Group's financial performance and position as of December 31, 2022, are detailed in the consolidated financial statements on pages 43 to 145[72]. - The Group does not recommend payment of any dividend for the year ended December 31, 2022, consistent with the previous year[64]. - No dividends were recommended for the year ended December 31, 2022, consistent with the previous year[72]. - As of December 31, 2022, the Company had no distributable reserves[83]. - There were no movements in the Company's share capital during the year ended December 31, 2022[85]. Internal Control and Risk Management - The Group's internal control system is designed to manage risk rather than eliminate it, providing reasonable assurance against material misstatement or loss[31]. - The Audit Committee is satisfied with the effectiveness of the internal control system based on assessments made by the Board and senior management[30]. - The Group's internal control and accounting systems are designed to provide reasonable assurance that material assets are protected and business risks are identified and monitored[35]. - The Group's risk management and internal control systems are continuously reviewed for effectiveness[36]. - The Group's ongoing process for identifying and managing significant risks is in place[36]. Shareholder Information - The 2023 Annual General Meeting is scheduled for June 20, 2023, with further information to be dispatched to shareholders[44]. - At least 25% of the Company's total issued share capital was held by the public as of the date of the annual report[142]. - The interests and short positions of Directors and the Chief Executive Officer in the Company's shares as of December 31, 2022, are recorded in the register maintained by the Company[108]. - Ms. Li Xia holds 804,159,697 shares, representing 41.29% of the issued share capital of the Company[110]. - Mr. Chen Yin holds 149,455,740 shares, representing 7.67% of the issued share capital of the Company[110]. - CK Hutchison is deemed to be interested in a total of 143,233,151 shares, representing 7.35% of the issued share capital of the Company[117]. - The aggregate turnover from the Group's five largest customers accounted for approximately 58% of the total turnover, with the largest customer contributing about 22%[125]. - The Group's five largest suppliers accounted for approximately 100% of total purchases, with the largest supplier representing about 69% of total purchases[125]. Audit and Remuneration Committees - The Audit Committee met quarterly during the year ended December 31, 2022, to review financial reporting and internal control procedures[141]. - The Audit Committee reviewed the unaudited quarterly and interim results and audited annual results for the year ended December 31, 2022, ensuring compliance with applicable accounting standards[174]. - The Audit Committee recommended the re-appointment of Grant Thornton Hong Kong Limited as the auditor, subject to shareholder approval at the annual general meeting[176]. - The Remuneration Committee reviews the Group's remuneration policy based on operating results and market practices[97]. - The Remuneration Committee reviewed and recommended remuneration packages for executive directors and senior management during the year[181]. Credit Risk Management - The company has a contract asset recognized when revenue is recognized before unconditional entitlement to consideration, assessed for expected credit loss (ECL) based on shared credit risk characteristics[182]. - The Group measures the loss allowance for other receivables equal to 12-month ECL unless there is a significant increase in credit risk, in which case lifetime ECL is recognized[183]. - The Group presumes that credit risk has increased significantly when contractual payments are more than 30 days past due, unless there is reasonable evidence to the contrary[194]. - A debt instrument is considered to have low credit risk if it has a low risk of default and the borrower has a strong capacity to meet its contractual cash flow obligations in the near term[194]. - The Group assesses whether credit risk has increased significantly by comparing the risk of default at the reporting date with the risk at initial recognition, considering both quantitative and qualitative information[189]. - Significant deterioration in external market indicators, such as credit spreads and credit default swap prices, is taken into account when assessing credit risk[189]. - The Group considers an event of default to occur when the debtor is unlikely to pay its creditors in full or when financial assets are 90 days past due[195]. - Detailed analysis of expected credit loss assessments for trade receivables, contract assets, and other financial assets is provided in note 35.4 of the financial statements[195]. Inventory Management - Inventory is recorded at the lower of cost and net realizable value, using the first-in, first-out method[199].

YU TAK INTERNATIONAL HOLDINGS LIMITED 御德國際控股有限公司 （於百慕達註冊成立之有限公司） （股份代號：08048） 截至二零二二年十二月三十一日止年度之 經審核全年業績公告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的中小型公司提供 一個上市的市場。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周 詳的考慮後方作出投資決定。 由於GEM上市公司一般為中小型公司，在GEM買賣之證券可能會較於聯交所主板買賣 的證券承受較大之市場波動風險，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份內容而產生或因倚賴該等 內容而引致之任何損失承擔任何責任。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定而提供有關御德國際控 股有限公司（「本公司」）之資料。本公司之董事（「董事」）願就本公告所載資料共同及個別 承擔全部責任。董事在作出一切合理查詢後，確認就 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司任何股份的邀請或要約。 YU TAK INTERNATIONAL HOLDINGS LIMITED 御德國際控股有限公司 （於百慕達註冊成立之有限公司） （股份代號：08048） 有關截至二零二二年十二月三十一日止年度 年報發佈日期之公告 繼二零二三年三月三十一日所發放的截至二零二二年十二月三十一日止年度之全年未經 審計的業績公告，公司考慮到核數工作的最新進度，目前預計將於二零二三年四月二十 一日發佈二零二二年度年報。 如未來公司對年報發佈日的預期有任何改變，公司將連同其它需要更新事項進一步作出 公告。 承董事會命 御德國際控股有限公司 主席 ...

YU TAK INTERNATIONAL HOLDINGS LIMITED 御德國際控股有限公司 （於百慕達註冊成立之有限公司） （股份代號：08048） 截至二零二二年十二月三十一日止年度之 全年業績（未經審核）公告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的中小型公司提供 一個上市的市場。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周 詳的考慮後方作出投資決定。 由於GEM上市公司一般為中小型公司，在GEM買賣之證券可能會較於聯交所主板買賣 的證券承受較大之市場波動風險，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份內容而產生或因倚賴該等 內容而引致之任何損失承擔任何責任。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定而提供有關御德國際控 股有限公司（「本公司」）之資料。本公司之董事（「董事」）願就本公告所載資料共同及個別 承擔全部責任。董事在作出一切合理查詢後， ...