誠如該公告所披露，一份載有（其中包括）(i)認購協議及其項下擬進行之交易詳情；及(ii) 根據GEM上市規則規定須載入通函之其他資料之通函（「通函」）將於2025年7月31日或之前 寄發。 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。 LUK HING ENTERTAINMENT GROUP HOLDINGS LIMITED 陸 慶 娛 樂 集 團 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：8052） 延遲寄發有關主要交易之通函 茲提述陸慶娛樂集團控股有限公司（「本公司」）日期為2025年7月14日之公告（「該公告」）， 內容有關（其中包括）發行可換股債券之主要交易。除文義另有所指外，本公告所用詞彙 與該公告所界定者具有相同涵義。 香港，2025年8月1日 — 1 — 於本公告日期，執行董事為蔡紹傑先生及應勤民先生；獨立非執行董事為謝美玲女士、 左提芬先生及吳文鴻女士。 本公告資料乃遵照聯交 ...

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。 LUK HING ENTERTAINMENT GROUP HOLDINGS LIMITED 陸 慶 娛 樂 集 團 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：8052） 進一步延遲寄發有關主要交易之通函 茲提述陸慶娛樂集團控股有限公司（「本公司」）日期為2025年7月11日之公告（「該公告」）， 內容有關（其中包括）與海港城租賃協議有關之主要交易。除文義另有所指外，本公告所 用詞彙與該公告所界定者具有相同涵義。 誠如該公告所披露，一份載有（其中包括）(i)海港城租賃之詳情；(ii)股東特別大會通告； 及(iii)GEM上市規則規定之其他資料之通函（「通函」）預期將於2025年8月1日或之前寄發予 股東，以供參考。 由於本公司需要額外時間落實將載入通函的若干資料，預期通函將於2025年8月22日或之 前寄發。 股東及潛在投資者於買賣本公司證券時務請 ...

Financial Performance - Total revenue increased by 28.8% from approximately HKD 95.7 million in 2023 to approximately HKD 123.3 million in 2024, primarily due to the successful revival of the annual music festival, contributing an additional HKD 41.9 million[15]. - Restaurant sales experienced a decline of HKD 14.3 million as Hong Kong residents shifted their consumption to mainland China[15]. - The successful return of the "Ultra Hong Kong" music festival significantly contributed to the overall performance of the group, generating approximately HKD 41.9 million in revenue[14]. - The company reported a loss attributable to owners of approximately HKD 9.4 million in 2024, compared to a profit of approximately HKD 14.9 million in 2023, mainly due to the sale of a subsidiary generating a gain of approximately HKD 25.2 million in 2023[19]. Operational Efficiency - The company maintained stable operations at its two restaurants, HEXA and SIXA, while optimizing the menu and enhancing cost control to adapt to challenging market conditions[14]. - The company is implementing measures to strengthen its financial position, including streamlining operations and renegotiating supplier contracts[14]. - The board remains cautiously optimistic for 2025, focusing on improving operational efficiency and exploring brand diversification opportunities[10]. - Cost of goods sold decreased by 5.2% from approximately HKD 26.9 million in 2023 to about HKD 25.5 million in 2024, attributed to successful cost control measures in restaurant operations[16]. - Employee costs reduced by 12.0% from approximately HKD 35.7 million in 2023 to about HKD 31.4 million in 2024, mainly due to strict cost control measures[16]. Financial Position - Current ratio and quick ratio remained stable at 0.2 for both 2024 and 2023, indicating liquidity challenges[21]. - Debt ratio increased from 196.0% in 2023 to 227.3% in 2024, reflecting a rise in total liabilities relative to total assets[21]. - Cash and cash equivalents improved to HKD 4.0 million in 2024 from HKD 0.8 million in 2023, while external borrowings decreased from HKD 17.4 million in 2023 to HKD 8.8 million in 2024[25]. Corporate Governance - The company has adopted and complied with the corporate governance code as per GEM listing rules, enhancing transparency and accountability[52]. - The board consists of 5 members, including 2 executive directors and 3 independent non-executive directors, ensuring a diverse governance structure[54]. - The board is committed to reviewing and improving corporate governance practices to align with the latest developments[53]. - The company has established a corporate governance report to ensure compliance with relevant regulations and principles[54]. Risk Management - The board is responsible for overseeing the effectiveness of the group's risk management and internal control systems, which are reviewed at least annually[87]. - A risk management team, consisting of experienced executives, conducts quarterly risk identification and analysis, assessing potential impacts and developing mitigation plans[88]. - The audit committee is responsible for monitoring the effectiveness of the financial reporting process and internal controls[73]. Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report covers the period from January 1, 2024, to December 31, 2024[106]. - The company has identified key areas for managing environmental, social, and governance (ESG) aspects, including employee development, environmental pollution, and product quality[109]. - The company aims to balance shareholder returns with sustainable practices, minimizing environmental impact while maximizing operational efficiency[114]. - The company is committed to sustainable development and has set goals to reduce energy, water, and resource consumption[144]. Employee Relations - The company employed a total of 135 employees at the end of the reporting period, an increase from 87 employees in 2023, with 52 full-time and 83 part-time employees[157]. - The employee turnover rate for the reporting period was 52.25%, significantly higher than the 19.28% rate in 2023, primarily due to strategic expansion of part-time staff[165]. - The company recorded no work-related injuries during the reporting period, a decrease from 3 cases in 2023, and no work-related fatalities have occurred in the last three fiscal years[172]. - The company has implemented a training system linking employee compensation and promotions to their experience, capabilities, and performance[174]. Supply Chain Management - The supply chain management system includes regular evaluations of suppliers, with a focus on quality and compliance with legal standards[179]. - The company has maintained a list of 10 local suppliers, supporting the strategy of using local and fresh ingredients[179]. - There have been no significant issues with the quality of fresh food or beverages from suppliers during the reporting period[179]. Legal and Compliance - The company has not faced any legal actions or complaints regarding privacy violations during the reporting period[183]. - The company has not made any specific donations or contributions in 2023 but continues to focus on local community needs and charitable contributions[190]. - The board acknowledges that the group has complied with relevant laws and regulations that significantly impact its business and operations as of December 31, 2024[199].

Financial Performance - The group reported additional revenue of approximately HKD 41.9 million from the successful return of the music festival "Ultra Hong Kong" during the fiscal year ending December 31, 2024[13]. - Total revenue increased by 28.8% from approximately HKD 95.7 million in 2023 to approximately HKD 123.3 million in 2024, primarily due to the successful recovery of the annual music festival, contributing an additional HKD 41.9 million[19]. - The company reported a loss attributable to owners of approximately HKD 9.4 million in 2024, a significant decrease from a profit of approximately HKD 14.9 million in 2023[23]. - Current ratio and quick ratio remained stable at 0.2 for both 2024 and 2023, indicating liquidity challenges[25]. - Cash and cash equivalents increased to HKD 4.0 million in 2024 from HKD 0.8 million in 2023, while external borrowings decreased to HKD 8.8 million from HKD 17.4 million[29]. Operational Efficiency and Cost Management - The company is prioritizing cost optimization through simplified procurement and enhancing digital engagement via social media and food delivery platforms[13]. - Cost of goods sold decreased by 5.2% from approximately HKD 26.9 million in 2023 to approximately HKD 25.5 million in 2024, attributed to successful cost control measures[20]. - Employee costs decreased by 12.0% from approximately HKD 35.7 million in 2023 to approximately HKD 31.4 million in 2024, mainly due to strict cost control measures[20]. - Property rental and related expenses increased by 50.5% from approximately HKD 7.4 million in 2023 to approximately HKD 11.1 million in 2024, primarily due to rental costs associated with the annual music festival[20]. - Other operating expenses rose by 71.7% from approximately HKD 23.3 million in 2023 to approximately HKD 40.1 million in 2024, largely due to additional expenses from the annual music festival[21]. Strategic Focus and Future Outlook - The board remains cautiously optimistic for 2025, focusing on improving operational efficiency and exploring brand diversification opportunities[14]. - The company is evaluating strategic investments to diversify revenue sources while maintaining a focus on its core business operations[14]. - The fiscal year ending December 31, 2024, presented both challenges and opportunities for the group as it navigated the evolving business environment[13]. - The group aims to leverage established brand assets and operational flexibility to navigate challenges and seek growth opportunities aligned with its core competencies[14]. Corporate Governance - The company has adopted and complied with the corporate governance code as per GEM listing rules, emphasizing transparency and accountability[56]. - The board is committed to reviewing and improving corporate governance practices to align with the latest developments and regulations[57]. - The company has established a board diversity policy since November 10, 2016, focusing on sustainable and balanced development through diverse board composition[61]. - The board consists of 5 members, including 2 executive directors and 3 independent non-executive directors, ensuring a diverse governance structure[58]. - The independent non-executive directors have initial appointment terms of one to two years, ensuring regular evaluation of their contributions[59]. Risk Management and Compliance - The board is responsible for overseeing the effectiveness of the group's risk management and internal control systems, which are reviewed at least annually[91]. - A risk management team, composed of executive directors and management with over ten years of experience, conducts quarterly risk identification and analysis[92]. - The internal control system aims to ensure operational efficiency, reliability of financial reporting, and compliance with applicable laws and regulations[93]. - The company has engaged external professional consultants to review the effectiveness of its internal control system, with corrective measures implemented for identified weaknesses[94]. Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report covers the period from January 1, 2024, to December 31, 2024[110]. - The company aims to enhance its competitiveness and operational efficiency to deliver greater returns to stakeholders[103]. - The company is committed to providing reasonable investment returns to shareholders while being socially and environmentally responsible[111]. - The board has reviewed and approved the ESG report, ensuring it reflects the group's core business operations and activities[108]. - The company has implemented policies to ensure compliance with local environmental laws and regulations, with no violations reported in the past six years regarding emissions and waste disposal[121]. Employee Relations and Workforce Management - The company employed a total of 135 employees as of the reporting period, an increase from 87 employees in 2023, with 52 full-time and 83 part-time employees[161]. - The employee turnover rate for the reporting period was 52.25%, significantly up from 19.28% in 2023, primarily due to strategic expansion of part-time staff[169]. - The company recorded no work-related injuries during the reporting period, a decrease from 3 incidents in 2023[176]. - The company has implemented a training system linking employee compensation and promotions to their experience, capabilities, and performance[178]. - The company maintains compliance with local labor laws and provides statutory benefits, including mandatory provident fund coverage and work injury insurance[174]. Community Engagement and Social Responsibility - The company focuses on community investment by hiring local employees to improve local employment conditions[194]. - No specific donations were made in 2023, but the company continues to support local charities[194]. - Community investment policies focus on understanding and addressing community needs, with resources allocated to key areas such as education and health[199].

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 42,251,000, a decrease of 10.8% compared to HKD 47,285,000 for the same period in 2023[2] - The group reported a loss before tax of HKD 3,476,000 for the six months ended June 30, 2024, compared to a loss of HKD 3,099,000 for the same period in 2023[2] - Total comprehensive loss for the period was HKD 3,475,000, compared to a total comprehensive loss of HKD 1,530,000 in 2023[3] - Basic and diluted loss per share for the six months ended June 30, 2024, was HKD 0.50, compared to HKD 3.01 for the same period in 2023[4] - The company reported a net loss of HKD 2,732,000 for the six months ended June 30, 2024, compared to a net loss of HKD 3,807,000 for the same period in 2023, representing a 28.2% improvement in loss[23] - Total financing costs decreased to HKD 527,000 for the six months ended June 30, 2024, down from HKD 747,000 in the same period of 2023, reflecting a 29.4% reduction[25] - The company did not recommend any interim dividend for the six months ended June 30, 2024, consistent with no dividend declared in 2023[26] Revenue Breakdown - Revenue from food sales was HKD 38,038,000, down from HKD 43,097,000 in the previous year, representing a decrease of approximately 11.6%[17] - Revenue from beverage sales was HKD 4,213,000, slightly up from HKD 4,188,000 in the previous year, indicating a marginal increase of about 0.6%[17] - Total revenue decreased by 10.6% from approximately HKD 47.3 million in the first half of 2023 to approximately HKD 42.3 million in the first half of 2024, primarily due to a shift in consumer spending towards mainland China[55] Assets and Liabilities - Non-current assets as of June 30, 2024, included property, plant, and equipment valued at HKD 2,438,000, down from HKD 4,100,000 in 2023[5] - Current assets totaled HKD 28,878,000 as of June 30, 2024, compared to HKD 14,541,000 in 2023[7] - Current liabilities increased to HKD 47,760,000 as of June 30, 2024, from HKD 43,151,000 in 2023[8] - The net liabilities position as of June 30, 2024, was HKD 25,517,000, compared to HKD 22,042,000 in 2023[8] - The group reported a net current liability of approximately HKD 43,438,000, raising concerns about its ability to continue as a going concern[13] Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2024, was HKD 5,909,000, compared to HKD 4,422,000 for the same period in 2023, representing an increase of approximately 33.6%[10] - The company’s cash and cash equivalents decreased to HKD 484,000 as of June 30, 2024, from HKD 846,000 in 2023[7] - The cash and cash equivalents at the end of the period were HKD 484,000, a decrease from HKD 598,000 at the end of June 2023, reflecting a decline of approximately 19.1%[10] - The net cash used in financing activities was HKD (6,035,000) for the six months ended June 30, 2024, compared to HKD (5,411,000) in the same period of 2023, showing an increase in cash outflow of about 11.5%[10] Share Capital and Financing - The company issued 450,880,000 shares at a price of HKD 0.016 per share, raising approximately HKD 7,214,000 in cash[47] - The company’s issued share capital increased to 1,000,000,000 shares as of June 30, 2024, following a rights issue[46] - The company’s loans from shareholders increased to HKD 2,138,000 as of June 30, 2024, compared to HKD 1,082,000 on December 31, 2023[45] - The company plans to continue discussions with banks for refinancing and considers other financing arrangements to support growth and improve cash flow[14] Operational Efficiency and Cost Management - Employee costs decreased by 7.3% from approximately HKD 17.8 million in the first half of 2023 to approximately HKD 16.5 million in the first half of 2024, attributed to strict cost control measures[56] - Property rental and related expenses decreased by 16.2% from approximately HKD 3.7 million in the first half of 2023 to approximately HKD 3.1 million in the first half of 2024, consistent with the decline in revenue from HEXA[56] - Advertising and marketing expenses increased by 49.3% from approximately HKD 144,000 in the first half of 2023 to approximately HKD 215,000 in the first half of 2024, due to a rebound in sales revenue[56] Corporate Governance - The audit committee, chaired by an independent non-executive director, reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2024[82] - The company has maintained good corporate governance standards to enhance transparency and accountability, which is believed to create long-term value for shareholders[78] - The board of directors confirmed compliance with the company's securities trading standards throughout the reporting period[80] - The company adopted and complied with the corporate governance code as per GEM listing rules during the reporting period[78] Future Outlook - The group will adopt a cautious approach towards business development in the restaurant industry due to the prolonged economic recovery, with inflation pressure and financing cost risks being the main concerns for the second half of 2024[64] - The board believes that the economy will further recover in the remaining time of 2024, and the group plans to continue optimizing its existing business to improve operational efficiency[64] - Management is exploring investment opportunities in the restaurant and/or new business sectors to expand revenue sources[64] - The company will continuously review its existing business and strive to improve its operational and financial conditions despite the challenging business environment in Hong Kong[64] Share Options and Interests - As of June 30, 2024, the number of share options available for grant under the share option scheme remains at 585,769[77] - The share option scheme was adopted on October 18, 2016, and will remain effective for 10 years unless revoked or amended[74] - The total number of shares that may be issued under the share option scheme is capped at 10% of the company's issued shares[74] - No share options were granted to eligible participants during the six-month period ending June 30, 2024[76] Shareholding Structure - As of June 30, 2024, Mr. Cai Shaojie holds 109,350,000 shares of the company, representing approximately 19.95% of the total equity[65] - Welmen Investment Co. Ltd. holds 109,350,000 shares, also representing approximately 19.95% of the total equity[67] - Trendy Pleasure Limited and Saint Lotus Cultural Development Group Co., Limited each hold 30,000,000 shares, representing approximately 5.47% of the total equity[67] - The company’s shareholding structure indicates that certain directors collectively hold approximately 19.95% of the issued share capital[6] Legal and Compliance - There were no significant lawsuits or arbitrations involving the company during the six months ended June 30, 2024[84] - The company has confirmed that there are no other interests or potential conflicts of interest with its directors or controlling shareholders during the reporting period[73] - There were no significant post-reporting events that materially affected the company's operations and financial performance after June 30, 2024[83]

Financial Performance - For the six months ended June 30, 2024, the group reported revenue of HKD 42,251,000, a decrease of 10.8% compared to HKD 47,285,000 for the same period in 2023[3] - The group incurred a loss before tax of HKD 3,476,000, compared to a loss of HKD 3,099,000 in the previous year, indicating a 12.2% increase in losses[4] - Total comprehensive loss for the period amounted to HKD 3,475,000, compared to HKD 1,530,000 in the prior year, reflecting a significant increase in losses[5] - Basic and diluted loss per share was HKD 0.50, compared to HKD 3.01 for the same period in 2023, showing a decrease in loss per share[5] - The company reported a net loss attributable to owners of HKD (2,732,000) for the six months ended June 30, 2024, compared to a loss of HKD (3,807,000) for the same period in 2023, indicating an improvement of 28.2%[24] Assets and Liabilities - Non-current assets increased to HKD 28,878,000 from HKD 14,541,000 in the previous year, indicating a substantial growth in asset base[8] - Current liabilities rose to HKD 47,760,000, up from HKD 43,151,000, reflecting a 14.4% increase in obligations[9] - The total equity attributable to owners of the company decreased to HKD (10,307,000) from HKD (7,576,000), indicating a decline in shareholder equity[9] - As of June 30, 2024, the group had current liabilities of approximately HKD 43,438,000 and net liabilities of approximately HKD 25,517,000, raising significant doubts about the group's ability to continue as a going concern[14] Cash Flow - For the six months ended June 30, 2024, the net cash generated from operating activities was HKD 5,909,000, an increase of 33.6% compared to HKD 4,422,000 for the same period in 2023[11] - The net cash used in investing activities was HKD (237,000), a slight improvement from HKD (291,000) in the previous year[11] - The net cash used in financing activities was HKD (6,035,000), compared to HKD (5,411,000) in the prior period, indicating increased financing outflows[11] - The total cash and cash equivalents at the end of the period decreased to HKD 484,000 from HKD 598,000 at the end of June 2023[11] Management Plans and Strategies - The group plans to focus on market expansion and new product development to improve future performance[3] - The management plans to negotiate with banks for the renewal of bank financing, believing that existing relationships will support this effort[15] - The company is considering alternative financing arrangements to enhance its capital and support ongoing growth[15] - The group anticipates cautious business development in the restaurant sector due to prolonged economic recovery, with inflation and financing cost risks being primary concerns for the second half of 2024[65] Shareholder Information - As of June 30, 2024, Mr. Cai Shaojie held 19.95% of the company's ordinary shares, amounting to 109,350,000 shares[66] - Welmen Investment Co. Ltd and Yui Tak Investment Limited each hold 109,350,000 shares, representing 19.95% of the company's issued share capital[68] - Trendy Pleasure Limited and Saint Lotus Cultural Development Group Co., Limited each own 30,000,000 shares, accounting for 5.47% of the company's issued share capital[68] - Restoran Oversea (CST) Sdn Bhd holds 158,988,000 shares, which is 29.00% of the company's issued share capital[69] Corporate Governance - The audit committee, chaired by an independent non-executive director, has reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2024[83] - The company has adopted corporate governance standards in compliance with GEM Listing Rules, ensuring transparency and accountability[79] Operational Insights - The group operates primarily in the food and entertainment sectors, with no independent reportable segments due to a single management team overseeing overall business performance[16] - The company maintains a credit period of 60 days for accounts receivable, with no significant credit risk concentration noted[34] - The company has implemented strict controls over outstanding receivables, with long-term overdue balances reviewed regularly by senior management[34] Market Conditions - Total revenue decreased by 10.6% from approximately HKD 47.3 million in the first half of 2023 to approximately HKD 42.3 million in the first half of 2024, primarily due to a shift in consumer spending towards mainland China[56] - Employee costs decreased by 7.3% from approximately HKD 17.8 million in the first half of 2023 to approximately HKD 16.5 million in the first half of 2024, as a result of strict cost control measures[57] - The company has taken a series of measures to alleviate liquidity pressure and improve its financial position[59] Other Information - The company did not declare an interim dividend for the six months ended June 30, 2024, consistent with the previous year[27] - There were no significant investments, acquisitions, or disposals of subsidiaries or associates during the reporting period[63] - The company has not been involved in any significant litigation or arbitration during the six months ended June 30, 2024[85]

Financial Performance - The group reported a significant recovery in revenue for the year ending December 31, 2023, compared to the previous year, as the economy gradually revived post-pandemic [10]. - Total revenue increased by 63.3% from approximately HKD 58.6 million in 2022 to approximately HKD 95.7 million in 2023, attributed to the recovery of restaurant performance post-COVID-19 [22]. - The company recorded a profit attributable to owners of approximately HKD 14.9 million in 2023, a significant increase from a loss of approximately HKD 32.1 million in 2022 [26]. - Cost of goods sold rose by 47.0% from approximately HKD 18.3 million in 2022 to approximately HKD 26.9 million in 2023, consistent with revenue growth [24]. - Employee costs increased by 10.9% from approximately HKD 32.2 million in 2022 to approximately HKD 35.7 million in 2023, reflecting a rebound in sales revenue [24]. Business Strategy and Development - The restaurant business has returned to pre-pandemic revenue levels, driven by increased local consumption and a rise in tourist numbers following the full resumption of cross-border travel on February 6, 2023 [16]. - The group plans to adopt a cautious approach towards business development in the restaurant sector for 2024, focusing on operational efficiency improvements [12]. - The management is exploring investment opportunities in the restaurant and/or new business sectors to diversify revenue sources [12]. - The group continues to regularly review its existing operations to enhance business performance and financial health [12]. - The restaurant business remains a stable source of income for the group, contributing positively to overall financial performance [16]. Capital and Financing - The group completed a share consolidation and rights issue during the year to enhance its working capital and improve financial conditions [12]. - The company successfully raised approximately HKD 6.9 million from the placement of 450,880,000 new shares on March 17, 2023 [17]. - The company plans to raise up to approximately HKD 43.9 million through a rights issue based on a one-for-one share basis announced on April 6, 2023 [17]. - The actual net proceeds from the rights issue completed on August 18, 2023, were approximately HKD 40.9 million, fully utilized according to the intended purposes [46]. - The company is in discussions with banks to renew financing and believes that existing bank financing will be renewed upon expiration [49]. Corporate Governance - The company has adopted and complied with the corporate governance code as per GEM listing rules, ensuring transparency and accountability to shareholders [59]. - The board consists of 4 directors, including 1 executive director and 3 independent non-executive directors, with recent changes in board composition noted [63]. - The company emphasizes the importance of board diversity, which has been in place since November 2016, to enhance performance and achieve strategic goals [66]. - The board is responsible for leading and monitoring the company, including business strategy formulation and performance oversight [61]. - The company has established a policy for board diversity, considering various factors such as gender, age, and cultural background in director selection [66]. Risk Management and Internal Control - The board is responsible for the final oversight of the group's risk management and internal control systems, ensuring efficient use of resources to achieve business objectives [96]. - A risk management team, composed of executive directors and management with over ten years of experience, conducts quarterly risk identification and analysis [98]. - The internal control system aims to ensure operational efficiency, reliability of financial reporting, and compliance with applicable laws and regulations [99]. - The company has engaged external consultants to review the effectiveness of its internal control system, with corrective measures implemented for identified weaknesses [99]. - The board has reviewed the effectiveness of the risk management and internal control systems and considers them adequate and effective [101]. Environmental, Social, and Governance (ESG) - The company aims to become a leading music entertainment and restaurant operator in the Greater China region, providing reasonable returns to shareholders while being socially and environmentally responsible [118]. - The company has established a stakeholder engagement and materiality assessment process to identify significant environmental, social, and governance issues for the year [116]. - The environmental, social, and governance report has been reviewed and approved by the board, ensuring compliance with principles of materiality, quantification, balance, and consistency [116]. - The company emphasizes its commitment to reducing environmental impact and providing a safe working environment for employees and customers [119]. - The board is responsible for identifying and managing environmental, social, and governance (ESG) risks to ensure stable business development [122]. Employee Relations and Workplace Safety - The group employed a total of 87 employees at the end of the reporting period, consisting of 70 full-time and 17 part-time employees [174]. - Employee turnover rate significantly decreased to 19.28% in 2023 from 79.75% in 2022, attributed to reduced impact from the COVID-19 pandemic [185]. - The group recorded 3 injury cases during the reporting period, all classified as minor injuries, with 55 workdays lost due to these injuries [193]. - The group maintained compliance with labor laws, providing statutory benefits including mandatory provident fund coverage and workers' compensation [190]. - The group aims to achieve zero work-related fatalities in the coming year through continuous training and monitoring of health and safety practices [193].

Financial Performance - The company's revenue for the year ended December 31, 2023, was HKD 95,747,000, a significant increase from HKD 58,590,000 for the year ended December 31, 2022, representing a growth of approximately 63.3%[11] - The net profit for the year was HKD 15,907,000, compared to a net loss of HKD 48,935,000 in the previous year, indicating a turnaround in financial performance[13] - The total comprehensive income for the year was HKD 18,288,000, compared to a comprehensive loss of HKD 46,801,000 in the previous year[13] - Basic earnings per share for the year were HKD 4.06, a significant recovery from a loss of HKD 14.01 per share in the previous year[13] - The company's profit before tax for the year ended December 31, 2023, was HKD 14,899,000, compared to a loss of HKD 32,093,000 for the year ended December 31, 2022[51] - The group generated other income of HKD 6,046,000 for the year ended December 31, 2023, compared to HKD 4,596,000 in 2022, representing an increase of about 31.5%[42] - The company recorded a profit attributable to owners of approximately HKD 14.9 million in 2023, a significant increase from a loss of approximately HKD 32.1 million in 2022[82] Operational Developments - The company operates two restaurants in Hong Kong, "HEXA" and "SIXA," which have returned to pre-pandemic levels following the lifting of COVID-19 restrictions[6] - The restaurant business has seen a recovery in sales, returning to pre-pandemic revenue levels due to increased local consumption and tourist numbers[73] - The company has ceased operations at CUBIC SPACE+ due to disputes with property owners, impacting revenue streams[66] - The management is exploring investment opportunities in the restaurant and/or new business sectors to expand revenue sources[7] - The company continues to operate primarily in the food and entertainment sectors, with no major changes in business nature during the year[19] Financial Position and Assets - The company's total assets decreased to HKD 22,949,000 from HKD 41,602,000, indicating a need for strategic asset management[15] - As of December 31, 2023, the company's non-current liabilities decreased to 1,840 thousand HKD from 16,258 thousand HKD in 2022, primarily due to a reduction in payable non-controlling interests[16] - The company's total equity as of December 31, 2023, was (22,042) thousand HKD, a significant improvement from (107,718) thousand HKD in 2022, indicating a recovery in financial health[16] - Non-current assets located in Hong Kong decreased from HKD 30,581,000 in 2022 to HKD 14,541,000 in 2023, a decline of approximately 52%[36] - The total liabilities decreased significantly to HKD 19,316,000 in 2023 from HKD 101,352,000 in 2022, a reduction of about 81%[57] Capital Management - The company completed a share consolidation and rights issue during the year to enhance its working capital and improve its financial position[7] - The company's share capital increased to 54,826 thousand HKD in 2023 from 22,904 thousand HKD in 2022, reflecting a positive trend in capital raising efforts[16] - The company plans to raise up to approximately HKD 43.9 million through a rights issue based on a subscription ratio of 1 share for every 1 consolidated share[74] - The actual net proceeds from the rights issue completed on August 18, 2023, amounted to approximately HKD 40.9 million, fully utilized for the intended purposes by December 31, 2023[102] - The company successfully raised approximately HKD 6.9 million from the placement of 450,880,000 new shares on March 17, 2023[74] Challenges and Risks - The group reported a current liability exceeding current assets by approximately HKD 34,743,000 and total liabilities exceeding total assets by about HKD 22,042,000, indicating significant uncertainty regarding the ability to continue as a going concern[32] - Cash and cash equivalents were reported at approximately HKD 846,000, indicating liquidity challenges[69] - The independent auditor's report expressed significant uncertainty regarding the company's ability to continue as a going concern[68] - The company faces a legal claim from COD Resorts Limited for approximately HKD 85,982,000 due to alleged unpaid rent and related expenses[62] - Management is implementing tighter measures to improve operational cash flow and closely monitor other operating expenses[34] Governance and Compliance - The company has adopted and complied with the corporate governance code as per GEM listing rules, with some deviations noted[107] - The audit committee has critically reviewed the auditor's basis for a disclaimer of opinion and supports management's view on the group's ability to continue as a going concern[105] - The group’s consolidated financial statements for the year ended December 31, 2023, have been verified by the auditor, confirming consistency with the audited financial reports[111] Future Outlook - The company plans to maintain its focus on market expansion in Macau and Hong Kong, leveraging its established venues[115] - The company aims to strengthen its market position through potential mergers and acquisitions in the hospitality sector[115] - The management is exploring new product offerings and technological advancements to enhance customer experience in its venues[115]

Revenue Performance - Revenue for Q3 2023 reached HKD 23,124,000, a 34.5% increase from HKD 17,176,000 in Q3 2022[3] - Total revenue for the nine months ended September 30, 2023, was HKD 70,409,000, up 83.5% from HKD 38,371,000 in the same period of 2022[3] - For the three months ended September 30, 2023, the company reported revenue of HKD 23,124,000, a 35.5% increase from HKD 17,092,000 in the same period of 2022[17] - For the nine months ended September 30, 2023, the company achieved revenue of HKD 70,409,000, representing an 84.5% increase compared to HKD 38,115,000 in the same period of 2022[17] - Sales of food and other products for the nine months ended September 30, 2023, amounted to HKD 64,240,000, up 89.9% from HKD 33,811,000 in the previous year[17] - Total revenue increased by 83.3% from approximately HKD 38.4 million in the first three quarters of 2022 to approximately HKD 70.4 million in the same period of 2023, attributed to the recovery of restaurant sales post-cross-border travel resumption[34] Income and Loss - The company reported a loss before tax of HKD 72,000 for Q3 2023, a significant improvement compared to a loss of HKD 28,140,000 in Q3 2022[3] - The net loss for the nine months ended September 30, 2023, was HKD 3,171,000, compared to a loss of HKD 57,379,000 in the same period of 2022, indicating a reduction in losses[4] - Basic earnings per share for Q3 2023 was HKD 0.02, compared to a loss per share of HKD 9.02 in Q3 2022[4] - The company experienced a total comprehensive loss of HKD 264,000 in Q3 2023, a significant reduction from HKD 26,346,000 in Q3 2022[4] - The total comprehensive loss for the nine months ended September 30, 2023, was HKD 1,794,000, down from HKD 55,737,000 in the same period of 2022[4] - The company reported a net loss attributable to owners of approximately HKD 3.7 million for the first three quarters of 2023, a significant improvement from a net loss of approximately HKD 41.7 million in the same period of 2022[38] Expenses and Costs - The cost of goods sold for Q3 2023 was HKD 6,653,000, an increase from HKD 5,152,000 in Q3 2022, reflecting a rise of 29.1%[3] - Cost of goods sold rose by 61.7% from approximately HKD 12.0 million in the first three quarters of 2022 to approximately HKD 19.4 million in 2023, consistent with revenue growth[36] - Employee costs increased by 14.9% from approximately HKD 23.5 million in the first three quarters of 2022 to approximately HKD 27.0 million in 2023, reflecting a return to normal levels as sales revenue rebounded[36] - Other operating expenses decreased by 44.9% from approximately HKD 18.7 million in the first three quarters of 2022 to approximately HKD 10.3 million in 2023, primarily due to the absence of certain write-off expenses recorded in the previous year[37] - Advertising and marketing expenses increased by 71.5% from approximately HKD 130,000 in the first three quarters of 2022 to approximately HKD 223,000 in 2023, driven by the recovery in sales revenue[36] - Property rental and related expenses decreased by 25.7% from approximately HKD 7.4 million in the first three quarters of 2022 to approximately HKD 5.5 million in 2023, due to the cessation of operations of CUBIC SPACE+[36] - Depreciation and amortization expenses decreased by 50.3% from approximately HKD 19.9 million in the first three quarters of 2022 to approximately HKD 9.9 million in 2023, mainly due to the termination of CUBIC SPACE+ operations[37] Financing and Fundraising - The company raised approximately HKD 6.9 million from a share placement completed on March 17, 2023, which was fully utilized to repay part of the outstanding convertible notes and loans[13] - The company plans to raise approximately HKD 40.9 million through a rights issue, with around HKD 20.4 million allocated to settle remaining debts from convertible notes and loans issued in June and July 2019[14] - A rights issue was conducted to raise up to approximately HKD 43.9 million, with net proceeds of approximately HKD 40.9 million allocated for various financial obligations and operational funding[40] - The company is actively exploring fundraising activities and negotiating with banks to renew financing arrangements, believing that existing bank financing will be renewed upon maturity[13] Current Liabilities and Going Concern - As of September 30, 2023, the company reported net current liabilities of approximately HKD 69,209,000 and total liabilities of approximately HKD 61,808,000, indicating significant uncertainty regarding its ability to continue as a going concern[12] Shareholder Information - As of September 30, 2023, major shareholders, including Welmen Investment Co. Ltd and Yui Tak Investment Limited, each hold approximately 19.95% of the company's ordinary shares[52] - Perfect Succeed Limited holds 19.95% of the company's shares, totaling 109,350,000 shares[54] - Restoran Oversea (CST) Sdn Bhd owns 29.18% of the company's shares, amounting to 159,988,000 shares[54] Corporate Governance and Management Changes - The audit committee consists of three independent non-executive directors, overseeing financial reporting and internal controls[65] - The company has no known conflicts of interest involving its directors or controlling shareholders during the nine months ending September 30, 2023[63] - Mr. Mai Guokun appointed as independent non-executive director and member of the audit, remuneration, and nomination committees effective from September 4, 2023[66] - Ms. Wu Wenhung appointed as independent non-executive director and member of the audit, remuneration, and nomination committees effective from September 4, 2023[66] - Mr. Huang Songwei resigned as independent non-executive director and from all committee memberships effective from September 4, 2023[66] - Mr. Cai Yihan resigned as executive director and chairman of the board effective from October 3, 2023[67] - Mr. Ou Jiawei resigned as non-executive director and from committee memberships effective from October 3, 2023[67] - Mr. Ye Kaifan resigned as independent non-executive director and from committee memberships effective from October 3, 2023[67] - Mr. Patrick Ting appointed as member of the nomination committee effective from October 3, 2023[68] - Current board includes executive directors Mr. Cai Shaojie and Mr. Patrick Ting, and independent non-executive directors Ms. Xie Meiling, Mr. Mai Guokun, and Ms. Wu Wenhung[69] Business Outlook - The restaurant business in Hong Kong is expected to improve in the second half of 2023 due to the government's consumption voucher scheme, providing eligible individuals with HKD 2,000 or HKD 1,000[45] - Despite the end of COVID-19, the business environment remains challenging due to economic slowdown, weak consumer spending, and higher funding costs resulting from US Federal Reserve interest rate hikes[45] - The company remains optimistic about its operations and will continue to monitor costs while maximizing revenue through top-notch customer service[46] - The company is exploring other business opportunities to expand revenue sources to offset the adverse effects of economic difficulties[46] Regulatory and Compliance - The company has not recognized any significant impact from the adoption of new and revised Hong Kong Financial Reporting Standards effective from January 1, 2023, on its financial statements for the nine months ended September 30, 2023[12] - The company did not declare any dividends for the nine months ended September 30, 2023, consistent with the previous year[27] - The company has not purchased, sold, or redeemed any of its listed securities during the nine months ending September 30, 2023[59] - The company maintains a clear boundary between its operations and the restaurant business owned by its controlling shareholder in Macau, ensuring no direct competition[60] Legal Matters - The company is currently seeking legal advice regarding ongoing litigation involving claims of approximately HKD 8,346,000 related to rental and management fees[28][29]

香港交易及結算所有限公司及聯交所對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對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的 任何損失承擔任何責任。 LUK HING ENTERTAINMENT GROUP HOLDINGS LIMITED 陸 慶 娛 樂 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8052） 截至2023年9月30日止九個月的 第三季度業績公告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM之定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司 帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的 考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於聯交所主板買賣之證券承 受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 本公告包括的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定而提供有關陸慶娛 樂集團控股有限公司（「本公司」）的資料。本公司董事（「董事」）願就本公告共同及個 ...