Financial Performance - Revenue for the three months ended June 30, 2021, was HKD 7,792,000, a decrease of 29.9% compared to HKD 10,996,000 in the same period of 2020[7] - Revenue for the six months ended June 30, 2021, was HKD 15,358,000, down 28.0% from HKD 21,352,000 in the same period of 2020[7] - The net loss for the three months ended June 30, 2021, was HKD 7,538,000, compared to a net loss of HKD 2,895,000 in the same period of 2020[9] - The net loss for the six months ended June 30, 2021, was HKD 9,895,000, compared to a net loss of HKD 7,560,000 in the same period of 2020[9] - Basic and diluted loss per share for the three months ended June 30, 2021, was HKD 0.39, compared to HKD 0.15 in the same period of 2020[9] - Basic and diluted loss per share for the six months ended June 30, 2021, was HKD 0.51, compared to HKD 0.39 in the same period of 2020[9] Assets and Liabilities - Total assets as of June 30, 2021, were HKD 105,256,000, a decrease from HKD 114,067,000 as of December 31, 2020[11] - Current liabilities as of June 30, 2021, were HKD 22,910,000, down from HKD 24,523,000 as of December 31, 2020[13] - The company’s equity attributable to owners as of June 30, 2021, was HKD 107,325,000, down from HKD 115,484,000 as of December 31, 2020[13] - The company’s assets as of June 30, 2021, totaled HKD 130,993,000, a decrease from HKD 140,879,000 as of December 31, 2020[33] - The company’s liabilities as of June 30, 2021, were HKD 23,668,000, down from HKD 25,395,000 as of December 31, 2020[34] Revenue Breakdown - Revenue from gold and jewelry products was HKD 4,933,000 for the six months ended June 30, 2021, with no revenue reported in the same period of 2020[25] - Revenue from enterprise software products increased to HKD 7,186,000 for the six months ended June 30, 2021, compared to HKD 6,612,000 in 2020, representing an increase of 8.6%[25] - Revenue from external customers in Hong Kong was HKD 3,707,000 for the six months ended June 30, 2021, compared to HKD 3,351,000 in 2020[35] - Revenue from external customers in China and Taiwan was HKD 10,641,000 for the six months ended June 30, 2021, down from HKD 16,998,000 in 2020[35] - Sales from gold and jewelry products amounted to HKD 4,933,000, while revenue from enterprise software products increased by approximately 9% to HKD 7,186,000[51] - The jewelry products segment recorded revenue of HKD 4,933,000, while the information technology products and services segment saw a decline of approximately 51% to HKD 10,425,000[55] Cash Flow and Financial Health - The net cash flow from operating activities was HKD (3,929,000) for the six months ended June 30, 2021, compared to HKD 1,734,000 in the same period of 2020[17] - The total cash and cash equivalents decreased to HKD 19,590,000 as of June 30, 2021, from HKD 23,524,000 at the beginning of the period[17] - The company held cash and cash equivalents of HKD 19,590,000 as of June 30, 2021, down from HKD 23,524,000 at the end of 2020[52] - The debt ratio was zero as cash and cash equivalents exceeded total liabilities as of June 30, 2021[52] Dividends and Impairments - The company did not recommend an interim dividend for the six months ended June 30, 2021, consistent with the previous year[41] - The company incurred a loss of HKD 1,973,000 due to goodwill impairment related to the acquisition of a subsidiary[51] Operational Changes - Trade receivables decreased to HKD 1,431,000 as of June 30, 2021, from HKD 6,297,000 at the end of 2020[44] - The total number of employees increased to 48 as of June 30, 2021, from 46 at the beginning of the year[56] Market Outlook - Gold price decreased by 9% from $1,943 per ounce at the beginning of 2021 to $1,763 by June 30, 2021, primarily due to strong economic recovery in the US and rising inflation concerns[57] - China's GDP grew by 12.7% in the first half of 2021, with disposable income increasing by 12.6%, supporting robust retail sales in gold jewelry[57] - The company maintains a cautiously optimistic outlook for the Chinese gold jewelry market, expecting continued improvement in business during the second half of 2021[57] - The company plans to explore business opportunities that synergize with its core operations in the information technology products and services segment[57] Governance and Compliance - The company established a Remuneration Committee on May 10, 2005, consisting of two independent non-executive directors and one executive director[72] - The Nomination Committee was formed on March 21, 2012, with the same composition as the Remuneration Committee[73] - All directors confirmed compliance with the trading standards as of June 30, 2021, for the six-month period[74] - There were no purchases, sales, or redemptions of the company's listed securities during the review period[77] - The board of directors includes three executive directors and three independent non-executive directors as of August 13, 2021[78] - The chairman of the board is Zhuang Ruping[79]

Financial Performance - Revenue for the first quarter of 2021 was HKD 7,566,000, a decrease of 26.9% compared to HKD 10,356,000 in the same period of 2020[7] - The company reported a loss of HKD 2,357,000 for the first quarter of 2021, improving from a loss of HKD 4,665,000 in the same period of 2020, representing a reduction of 49.6%[7] - Basic and diluted loss per share for the first quarter of 2021 was HKD 0.12, compared to HKD 0.24 in the same period of 2020[9] - For the first quarter ended March 31, 2021, the company reported a loss attributable to owners of the company of HKD 2,357,000, improving by 50% compared to a loss of HKD 4,674,000 in the same period last year[32] - Total revenue for the period was HKD 7,566,000, a decrease of 27% from HKD 10,356,000 in the previous year[32] Revenue Breakdown - Revenue from gold and jewelry product sales was HKD 2,007,000, with no sales reported in the same period of 2020[18] - Revenue from enterprise software products was HKD 3,449,000, a slight decrease from HKD 3,834,000 in the same period of 2020[18] - Revenue from professional services was HKD 2,110,000, down from HKD 6,522,000 in the same period of 2020, indicating a decline of 67.6%[18] - Revenue from IT products and services was HKD 5,559,000, down 46% from HKD 10,356,000 in the previous year, with enterprise software sales declining by 10% to HKD 3,449,000[32] Market Insights - The average gold price at the beginning of 2021 was USD 1,943 per ounce, dropping 13% to USD 1,684 per ounce in the first quarter, marking the weakest quarterly performance since Q4 2016[33] - Jewelry product sales during the Lunar New Year holiday surged by 161% compared to last year, driven by a favorable local market atmosphere[33] - The company remains optimistic about the gold and jewelry market in China, exploring new online sales models and partnerships with emerging online jewelry retailers[36] - The company will monitor market trends and expand distribution channels to enhance sales performance[36] Corporate Governance - The company has established a robust corporate governance framework, adhering to the GEM Listing Rules to ensure prudent business activities and decision-making processes.[51] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the three months ending March 31, 2021, confirming compliance with applicable accounting standards.[52] - The company is committed to protecting shareholder interests and assets through effective corporate governance practices.[51] - The board of directors includes Mr. Zhuang Ruping, Ms. Li Xia, and Mr. Chen Yin as executive directors, along with three independent non-executive directors.[56] - The company aims to enhance its market position and shareholder value through strategic governance and oversight mechanisms.[51] Shareholder Information - The company holds 804,157,697 shares, representing 41.29% of the total equity, controlled by Mr. Zhuang Ruping through Shenzhen Yihua Jewelry Co., Ltd.[48] - Mr. Zhuang Ruping has beneficial ownership of an additional 36,726,000 shares, bringing his total to 840,883,697 shares, or 43.17% of the equity.[48] - The company has a total of 149,455,740 shares, which accounts for 7.67% of the equity, held by Mr. Chen Yin through Shengyu Limited.[48] - Cheung Kong Holdings is reported to have beneficial ownership of 143,233,151 shares, equivalent to 7.35% of the total equity.[49] Dividends and Financial Provisions - No interim dividend was recommended for the three months ended March 31, 2021, consistent with the previous year[30] - The company did not incur any interest expenses for loans due within five years during the first quarter of 2021[20] - The group did not make any provision for Hong Kong profits tax due to tax losses incurred during the period[23] - No purchases, sales, or redemptions of the company's listed securities occurred during the review period.[55]

ANNUAL REPORT CD Yu Tak International Holdings Limited 御德國際控股有限公司 (Incorporated in Bermuda with limited liability 於百慕達註冊成立之有限公司) Stock Code 股份代號：8048 Characteristics of GEM of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such ...

40 Yu Tak International Holdings Limited 御德國際控股有限公司 (於百慕建註冊成立之有限公司) 股份代號：8048 2020 第三季度業績報告 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。GEM之較高風險及其他特色，表示GEM較適合專 業及其他老練投資者。 由於GEM上市公司新興的性質所然，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報告之內容概不負責，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報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。 本報告乃遵照聯交所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」）願就本報告所載資料 共同及個別承擔全部責任。董 ...

Yu Tak International Holdings Limited 御德國際控股有限公司 (Incorporated in Bermuda with limited liability) Stock Code：8048 2020 INTERIM REPORT 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 2020 中期業績報告 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報告之內容概不負責，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報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 ...

Financial Performance - Revenue for the first quarter of 2020 was HKD 10,356,000, a decrease of 52% compared to HKD 21,637,000 in the same period of 2019[5] - The company reported a loss of HKD 4,665,000 for the first quarter of 2020, compared to a loss of HKD 4,454,000 in the first quarter of 2019[5] - Basic and diluted loss per share for the first quarter of 2020 was HKD 0.24, slightly improved from HKD 0.25 in the same quarter of 2019[7] - Total comprehensive loss for the period was HKD 4,665,000, compared to HKD 4,454,000 in the previous year[5] - For the three months ended March 31, 2020, the company reported a loss attributable to owners of HKD 4,674,000, compared to a loss of HKD 4,436,000 for the same period in 2019, representing an increase in loss of 5.4%[24] Revenue Breakdown - Revenue from enterprise software products was HKD 3,834,000, down from HKD 5,944,000 in the previous year, representing a decline of 35.5%[12] - Revenue from professional services decreased to HKD 6,522,000 from HKD 12,106,000, a decline of 46.1% year-over-year[12] - The company did not recognize any income from gold jewelry product sales in the first quarter of 2020, compared to HKD 3,587,000 in the same period of 2019[12] - Revenue from IT products and services was HKD 10,356,000, accounting for 100% of total revenue, while sales of enterprise software products decreased by 35% to HKD 3,834,000 and professional services revenue fell by 46% to HKD 6,522,000[24] - The gold jewelry sales segment recorded no sales due to business suspension from quarantine policies in China, while the IT products and services segment generated approximately HKD 10 million in revenue, about 57% of the previous year's amount[27] Tax and Shares - The company incurred tax expenses of HKD 13,000 for overseas tax in the first quarter of 2020, up from HKD 3,000 in the same period of 2019[16] - The average number of ordinary shares issued during the period was 1,947,690,000, an increase from 1,782,690,000 shares in the previous year[17] - The company has not made any provisions for Hong Kong profits tax due to tax losses incurred during the period[15] Dividends and Governance - No interim dividend was recommended for the three months ended March 31, 2020, compared to no dividend in the same period of 2019[23] - The company has established a robust corporate governance framework, adhering to the GEM Listing Rules Appendix 15, ensuring prudent business activities and decision-making processes[37] - The Audit Committee, formed on August 11, 2000, consists of three independent non-executive directors, overseeing financial reporting processes and risk management systems[38] - The company did not purchase, sell, or redeem any of its listed securities during the review period[41] Future Outlook - The company remains optimistic about the recovery of the domestic jewelry market in the second half of the year despite the ongoing impact of the COVID-19 pandemic on the luxury goods market[28] - The company is actively seeking business opportunities that can synergize with its core operations, particularly in the IT and internet sectors[28]

CD | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------| | | | | | | | | | Yu Tak International Holdings Limited 御德國際控股有限公司 (Incorporated in Bermuda with limited liability 於百慕達註冊成立之有限公司) Stock Code 股份代號：8048 | | | | 2019 | | | Characteristics of GEM of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") GEM has been positioned as a market designed to ...

Financial Performance - Revenue for the three months ended September 30, 2019, was HKD 30,336,000, representing an increase of 31.8% compared to HKD 23,042,000 for the same period in 2018[6] - The net loss attributable to owners of the company for the three months ended September 30, 2019, was HKD 3,636,000, compared to a loss of HKD 5,479,000 in the same period of 2018, indicating a 33.5% improvement[8] - For the nine months ended September 30, 2019, total revenue reached HKD 75,001,000, up from HKD 71,989,000 in the same period of 2018, reflecting a growth of 4.0%[6] - The basic and diluted loss per share for the three months ended September 30, 2019, was HKD 0.19, an improvement from HKD 0.34 in the same period of 2018[8] - The group reported a total comprehensive loss of HKD 3,881,000 for the three months ended September 30, 2019, compared to HKD 6,216,000 for the same period in 2018, marking a reduction of 37.6%[6] - The group’s total comprehensive loss for the nine months ended September 30, 2019, was HKD 14,176,000, compared to HKD 17,429,000 for the same period in 2018, showing a decrease of 18.8%[8] - The company recorded a pre-tax loss of HKD 14,153,000 for the nine months ended September 30, 2019, compared to a loss of HKD 17,408,000 for the same period in 2018[22] Operating Expenses - The group’s operating expenses for the three months ended September 30, 2019, were HKD 9,108,000, compared to HKD 7,964,000 in the same period of 2018, indicating an increase of 14.3%[6] - The group’s employee benefit expenses for the three months ended September 30, 2019, were HKD 6,973,000, compared to HKD 15,298,000 in the same period of 2018, reflecting a significant decrease of 54.4%[6] - The group’s depreciation and amortization expenses for the three months ended September 30, 2019, were HKD 429,000, compared to HKD 201,000 in the same period of 2018, representing an increase of 113.9%[6] Revenue Breakdown - Sales of gold and jewelry products surged by 97% to HKD 27,171,000, up from HKD 13,771,000 in the previous year[28] - The enterprise software product sales increased by 3% to HKD 19,673,000, compared to HKD 19,028,000 in the previous year[28] - The professional services segment saw a decline of 29% to HKD 26,189,000, down from HKD 37,105,000 in the previous year[28] Shareholder Information - As of September 30, 2019, the company had a total of 804,157,697 shares held by Huacheng Limited, representing 41.29% of the issued share capital[39] - Mr. Zhuang Ruping holds 35,481,000 shares directly and has beneficial ownership of 839,639,697 shares, accounting for 43.11% of the issued share capital[35] - Ms. Li Xia holds 804,157,697 shares through her wholly-owned company, Haitong Investment Limited, which represents 41.29% of the issued share capital[39] - Mr. Chen Yin has beneficial ownership of 149,455,740 shares through Shengyu Limited, which accounts for 7.67% of the issued share capital[39] - The average number of ordinary shares issued during the period was 1,863,074,615, compared to 1,593,320,000 shares in the previous year[22] Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 as of September 30, 2019[44] - The Audit Committee has reviewed the unaudited consolidated results for the nine months ended September 30, 2019, ensuring compliance with applicable accounting standards[45] - The company has established a Remuneration Committee to define its scope of authority and responsibilities in accordance with GEM Listing Rules[47] - The Nomination Committee was formed to outline its authority and responsibilities, adhering to GEM Listing Rules[48] - The company adhered to the trading code for directors as per GEM Listing Rules from September 30, 2019, confirming compliance throughout the nine-month period[49] Market Trends - The company noted that retail sales in China grew by 8.2% year-on-year in the first nine months of 2019, driven by cosmetics, home appliances, and telecommunications products[29] - Gold prices increased significantly, closing at USD 1,472 per ounce in the third quarter of 2019, impacting market purchasing sentiment[31] Dividend Information - The company did not recommend an interim dividend for the nine months ended September 30, 2019, consistent with the previous year[27] Other Information - The group’s total assets as of September 30, 2019, were not disclosed in the provided content, but the financial position remains a focus for future assessments[10] - There were no purchases, sales, or redemptions of the company's listed securities by the company or any subsidiaries during the review period[52] - The board of directors consists of three executive directors and three independent non-executive directors as of November 14, 2019[53]

Financial Performance - Revenue for the three months ended June 30, 2019, was HKD 23,028,000, a decrease of 9.7% compared to HKD 25,488,000 in the same period of 2018[5] - Revenue for the six months ended June 30, 2019, was HKD 44,665,000, down 8.3% from HKD 48,947,000 in the same period of 2018[5] - The net loss for the three months ended June 30, 2019, was HKD 6,106,000, compared to a loss of HKD 23,000 in the same period of 2018[5] - The net loss for the six months ended June 30, 2019, was HKD 10,560,000, compared to a loss of HKD 11,941,000 in the same period of 2018[5] - Total revenue for the six months ended June 30, 2019, was HKD 44,665,000, a decrease from HKD 48,947,000 in the same period of 2018, representing a decline of approximately 4.6%[26] - The company reported a net loss of HKD 10,560,000 for the six months ended June 30, 2019, consistent with the previous period's loss[25] - The company reported a basic and diluted loss per share of HKD 10,517,000 for the six months ended June 30, 2019, compared to a loss of HKD 11,929,000 for the same period in 2018[42] - The total revenue from external customers for the six months ended June 30, 2019, was HKD 44,665,000, a decrease from HKD 48,947,000 in the same period of 2018, representing a decline of approximately 8.5%[34] Assets and Liabilities - Total assets as of June 30, 2019, were HKD 137,714,000, an increase from HKD 134,689,000 as of December 31, 2018[9] - Current liabilities as of June 30, 2019, were HKD 38,474,000, a decrease from HKD 42,255,000 as of December 31, 2018[11] - The company’s liabilities increased slightly to HKD 263,427,000 as of June 30, 2019, compared to HKD 263,093,000 in the same period of 2018[32] - Trade receivables decreased to HKD 4,002,000 as of June 30, 2019, down from HKD 10,437,000 in the same period of 2018[44] Cash Flow and Capital - Cash flow from operating activities before tax losses was HKD (10,553,000), compared to HKD (11,938,000) in the same period of 2018, indicating an improvement[17] - The company raised HKD 16,970,000 from the issuance of ordinary shares during the six months ended June 30, 2019, compared to HKD 56,953,000 in the same period of 2018[17] - The cash and cash equivalents increased by HKD 5,705,000, ending at HKD 32,836,000 as of June 30, 2019, compared to HKD 35,318,000 at the end of June 2018[17] - The company held cash and cash equivalents of HKD 32,836,000 as of June 30, 2019, an increase from HKD 27,131,000 as of December 31, 2018[54] - The debt ratio of the group was zero as cash and cash equivalents exceeded total liabilities[54] Revenue Breakdown - Revenue from enterprise software products for the six months ended June 30, 2019, was HKD 9,821,000, down from HKD 12,619,000 in the same period of 2018, a decrease of approximately 22.4%[26] - Professional services revenue for the same period was HKD 20,257,000, down from HKD 25,089,000 in 2018, reflecting a decline of about 19.3%[26] - Revenue from external customers for jewelry products was HKD 9,821,000, while for IT products and services it was HKD 34,844,000, totaling HKD 44,665,000 for the six months ended June 30, 2019[30] - Sales of gold jewelry products amounted to HKD 9,821,000, down 7% from HKD 10,554,000 in 2018[57] Corporate Governance - The company has established a strong corporate governance framework, adhering to GEM listing rules[71] - The Audit Committee has reviewed the unaudited consolidated results for the six months ending June 30, 2019, ensuring compliance with applicable accounting standards[72] - The board of directors consists of three executive directors and three independent non-executive directors[80] - The company has a clear structure for its remuneration and nomination committees, ensuring proper governance practices[74][75] - No significant competitive interests were reported by directors or management shareholders[78] - The company has maintained compliance with trading rules for directors during the reporting period[76] Market Trends and Strategy - The demand for gold jewelry in China decreased from 184.1 tons in Q1 2019 to 137.7 tons in Q2 2019, a decline of approximately 25%[59] - The company plans to strategically expand its distribution of gold products in third and fourth-tier cities to meet changing consumer demands[61] - The company anticipates that gold jewelry prices will rise further in the second half of 2019, driven by expected interest rate cuts and increased customer demand[59] Workforce and Operations - The workforce was reduced to 130 employees as of June 30, 2019, down from 276 at the beginning of the year, primarily due to operational optimization in the IT products and services segment[58] Shareholder Information - Major shareholders include China Silver Financial Limited with 46.70% ownership, and Huacheng Limited with 41.29% ownership[66] - The total number of issued ordinary shares held by China Silver Financial Limited is 909,502,801[66] - Huacheng Limited, controlled by Mr. Zhuang Ruping, holds 804,157,697 shares, representing 41.29% of the issued share capital[66] Other Financial Information - The company did not recommend an interim dividend for the six months ended June 30, 2019, consistent with the previous year[40] - The company incurred depreciation of HKD 954,000 for the six months ended June 30, 2019, compared to HKD 453,000 for the same period in 2018[35] - The company completed the placement of 165,000,000 new ordinary shares at HKD 0.105 per share, increasing the total issued shares to 1,947,690,000 as of June 30, 2019[56] - The company has adopted HKFRS 16 for lease accounting, which impacts the financial statements but does not change the reported loss for the period[21] - The company identified two operating segments for its products and services, which are managed separately due to differing resource requirements and market strategies[28] - The reported segment loss before tax was HKD (10,570,000) for jewelry products, while the total segment profit before tax was HKD 10,000, resulting in a total loss of HKD (10,560,000)[30] - The total reported segment assets increased to HKD 378,415,000, with non-current assets additions of HKD 30,000,000 during the period[30]

Financial Performance - Revenue for the first quarter of 2019 was HKD 21,637,000, a decrease of 7.8% compared to HKD 23,459,000 in the same period of 2018[7] - The loss before tax for the period was HKD 4,451,000, significantly improved from a loss of HKD 11,918,000 in the previous year[7] - The total comprehensive loss for the period was HKD 4,454,000, compared to HKD 11,918,000 in the first quarter of 2018[9] - Basic and diluted loss per share for the period was HKD 0.25, an improvement from HKD 0.99 in the same quarter of the previous year[9] - For the three months ended March 31, 2019, the company reported a loss attributable to owners of HKD 4,436,000, compared to a loss of HKD 11,907,000 in the same period of 2018, representing a 63% improvement in losses year-over-year[22] - The group's revenue for the three months ended March 31, 2019, was HKD 21,637,000, down 8% from HKD 23,459,000 in the same period of 2018[29] - The company reported a total comprehensive loss of HKD 4,436,000 for the period, reflecting the ongoing adjustments in sales and marketing strategies[26] Revenue Breakdown - Revenue breakdown showed sales from gold jewelry products at HKD 3,587,000, down from HKD 4,926,000; enterprise software products at HKD 5,944,000, slightly down from HKD 6,004,000; and professional services at HKD 12,106,000, down from HKD 12,529,000[17] - Sales of gold jewelry products amounted to HKD 3,587,000, a decrease of 27% compared to HKD 4,926,000 in the same period of 2018[29] - The company experienced a 1% decline in enterprise software product sales to HKD 5,944,000, down from HKD 6,004,000 in the previous year[29] Cost Management - The company reported a decrease in employee benefit expenses to HKD 16,494,000 from HKD 17,280,000 year-on-year[7] - The company continues to focus on its core business areas while managing costs effectively to improve overall financial performance[7] Corporate Governance - The company is committed to establishing good corporate governance practices to protect shareholder interests[46] - The company has established a comprehensive risk management system as part of its governance practices[47] - The audit committee reviewed the unaudited consolidated results for the three months ended March 31, 2019, and confirmed compliance with applicable accounting standards[47] Shareholding Structure - As of March 31, 2019, China Silver Financial Limited holds 909,502,801 shares, representing 51.02% of the company's issued share capital[40] - Huacheng Limited owns 804,157,697 shares, accounting for 45.11% of the issued share capital, and is controlled by Mr. Zhuang Ruping[40] - The company has a total of 143,233,151 shares held by Cheung Kong Holdings, representing a significant interest[44] - The company has disclosed no other interests or short positions in its issued share capital as of March 31, 2019[44] - The company has pledged a total of 304,815,204 shares as collateral for loans provided to Huacheng Limited[42] Strategic Focus - The company plans to strategically expand its franchise network to distribute gold products in third and fourth-tier cities, responding to changing consumer preferences[32] - The company noted a 2% decline in gold jewelry demand in China during the first quarter of 2019, totaling 184.1 tons[30] - The company is focusing on developing innovative and unique products to meet evolving consumer demands while monitoring opportunities in the information technology and internet sectors[32] Dividends - The company did not recommend any interim dividend for the three months ended March 31, 2019, consistent with the previous year[28] Other Information - The company has not purchased, sold, or redeemed any of its listed securities during the review period[50] - Mr. Zhuang Ruping, Ms. Li Xia, and Mr. Chen Yin are the executive directors of the company[50] - The company has adopted the new Hong Kong Financial Reporting Standard 16 for leases, which may impact future financial reporting[13]