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，並明確表示概不就 因本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何損 失承擔任何責任。 WWPKG Holdings Company Limited 縱 橫 遊 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8069） 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 中 期 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的 定 位，乃 為 中 小 型 公 司 提 供 一 個 上 市 的 市 場，此 等 公 司 相 比 起 其 他在聯交所上巿的公司帶有較高投資風險。有意投資人士應了解投資於 該等公司的潛在風險，並應經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主 板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證 券會有高流通量的市場。 本公告的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載， ...

Revenue Growth - The group reported a 100-fold increase in revenue from travel-related products and services, rising from approximately HKD 0.9 million in the three months ended June 30, 2022, to approximately HKD 87.3 million in the same period in 2023[10]. - For the three months ended June 30, 2023, the travel group revenue increased by 9,916.5% to approximately HKD 85.7 million, with gross profit rising by 7,116.6% to approximately HKD 15.1 million due to the resumption of outbound travel tours[14]. - Revenue for the three months ended June 30, 2023, was HKD 95,979,000, a significant increase from HKD 6,170,000 in the same period of 2022, representing a growth of approximately 1,454%[38]. - The total revenue for the continuing operations in the three months ended June 30, 2023, was HKD 95,979,000, a significant increase from HKD 6,364,000 in the same period of 2022[48]. - The revenue from travel-related products and services reached HKD 87,272,000, while the retail business generated HKD 6,972,000 and the dining business contributed HKD 1,735,000[48]. Profitability and Losses - The travel-related segment turned from a loss of approximately HKD 3.2 million in the three months ended June 30, 2022, to a profit of approximately HKD 5.8 million in the same period in 2023[10]. - The company reported a loss of approximately HKD 0.4 million for the three months ended June 30, 2023, an 88.0% reduction compared to the same period last year[23]. - The company reported a profit attributable to owners of HKD 1,798,000 for the three months ended June 30, 2023, compared to a loss of HKD 3,935,000 in the same period of 2022[62]. - The company reported a loss from continuing operations of HKD 352,000, a substantial reduction from a loss of HKD 2,574,000 in the prior year[38]. - The total comprehensive loss for the period was HKD 432,000, a notable improvement from HKD 3,607,000 in the previous year[39]. Business Segments Performance - The retail business segment generated revenue of approximately HKD 7.0 million for the three months ended June 30, 2023, but incurred a loss of approximately HKD 2.3 million due to low gross margins and high initial operating costs[11]. - The new restaurant business segment recorded revenue of approximately HKD 1.7 million for the three months ended June 30, 2023, with a loss of approximately HKD 2.6 million attributed to depreciation and employee costs during the trial operation phase[11]. - Retail business revenue for the three months ended June 30, 2023, was HKD 7.0 million, with a gross loss of HKD 0.7 million, compared to HKD 5.3 million and a gross profit of HKD 2.0 million in the same period last year[17]. Share Placement and Financial Position - The company completed a placement of 112,500,000 new ordinary shares at a price of HKD 0.160 per share, raising approximately HKD 17.6 million net of expenses[12]. - The placement price represented a premium of approximately 14.3% over the closing price of HKD 0.140 per share on May 10, 2023[12]. - The company issued new shares raising HKD 18,000,000 during the period, increasing total equity to HKD 65,294,000[39]. Operational Developments - The company is focused on expanding its business in travel-related products, retail, and food and beverage sectors[11]. - The company plans to diversify its travel group products by offering new destinations and itineraries, including Africa and Antarctica, and expanding into over 20 European countries[23]. - A new concept store exceeding 4,000 square feet opened in June 2023, featuring private VIP suites, a boutique, and a café, aimed at enhancing customer experience[23]. Expenses and Costs - Administrative expenses increased by 102.8% to approximately HKD 8.8 million, primarily due to increased employee costs and operational expenses[23]. - Sales expenses increased by 1,845.3% to approximately HKD 8.3 million, driven by higher advertising costs and increased employee costs in the travel and retail sectors[21]. - The group incurred a total of HKD 96,198,000 in expenses for the continuing operations, a substantial rise from HKD 8,704,000 in the same quarter of 2022[52]. Corporate Governance and Compliance - The company has complied with all provisions of the corporate governance code, except for a deviation regarding the separation of roles between the chairman and CEO, which is currently held by the same individual[34]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited financial results for the first quarter ending June 30, 2023[36]. Market and Economic Conditions - The recovery of the travel industry is supported by the easing of COVID-19 restrictions, leading to improved consumer sentiment[10]. - The sales of free travel products resumed globally, covering destinations such as Japan, the USA, Canada, the UK, Greece, and Asian countries, following the easing of border restrictions[15]. Miscellaneous - The company did not recommend any dividend for the three months ended June 30, 2023, consistent with the same period in 2022[64]. - The company recognized a rent concession of HKD 353,000 due to COVID-19, which was included in other income and gains/losses[67]. - There were no significant events after the reporting period that would have a major impact on the company's operational and financial performance[71].

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，並明確表示概不就 因本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何損 失承擔任何責任。 WWPKG Holdings Company Limited 縱 橫 遊 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8069） 截 至 二 零 二 三 年 六 月 三 十 日 止 三 個 月 第 一 季 度 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的 定 位，乃 為 中 小 型 公 司 提 供 一 個 上 市 的 市 場，此 等 公 司 相 比 起 其 他在聯交所上巿的公司帶有較高投資風險。有意投資人士應了解投資於 該等公司的潛在風險，並應經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主 板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證 券會有高流通量的市場。 本公告的資料乃遵照聯交所的GEM證券上市規則（「GEM上市規則」）而刊載， ...

Financial Performance - The travel-related products and services segment recorded a remarkable revenue increase of 7,500% from approximately HKD 1.6 million in the fiscal year 2021/2022 to approximately HKD 125.6 million in the fiscal year 2022/2023[7]. - The group reduced its loss from approximately HKD 16.1 million in the fiscal year 2021/2022 to approximately HKD 7.7 million in the fiscal year 2022/2023, representing a 52.3% decrease[7]. - The group reported a significant increase in tour revenue, rising 7,868.1% to approximately HKD 123.0 million for the fiscal year 2022/2023, with gross profit increasing 2,540.3% to about HKD 25.8 million[17]. - Revenue from travel-related products and services reached HKD 125.6 million, with a gross profit of HKD 28.4 million, driven by sales of travel insurance and tickets for theme parks and shows[16]. - The retail business generated segment revenue of approximately HKD 32.2 million in the fiscal year 2022/2023, although it incurred a segment loss of approximately HKD 5.0 million due to low gross margins and high initial costs[9]. - The restaurant business, part of the subsidiary with 51% ownership, recorded segment revenue of approximately HKD 0.7 million and a segment loss of approximately HKD 3.0 million during its trial operation phase[9]. Capital and Funding - The company completed two placements totaling 168,095,000 new ordinary shares, raising net proceeds of approximately HKD 35.6 million to ensure sufficient working capital[9]. - The company completed a share placement of 80 million new ordinary shares at HKD 0.281 per share, raising approximately HKD 21.9 million for general working capital[31]. - The company attempted a second share placement of up to 96 million new ordinary shares at HKD 0.150 per share, but the agreement lapsed without completion due to unmet conditions[31]. - The net proceeds from the third share placement amounted to approximately HKD 13.7 million, which was used for working capital in the retail business[33]. - The fourth share placement generated net proceeds of approximately HKD 17.6 million, allocated for settling accumulated lease renovations and general operating expenses[33]. Operational Developments - The group resumed sales of its free travel products, covering global destinations including Japan, Australia, Canada, the United States, and Asian countries, following the easing of border restrictions[18]. - The group established its first restaurant, Awesome Bar and Café, in Tsim Sha Tsui, which began trial operations in February 2023, contributing to the catering business revenue[21]. - A new concept store is set to open in June 2023, featuring over 4,000 square feet of space, including a VIP suite and a curated boutique[12]. - The company plans to open a new travel agency concept store in June 2023, with an estimated initial investment cost of about HKD 4.0 million[39]. Governance and Management - The company appointed Mr. Liang Jiachang and Mr. Huang Bingquan as independent non-executive directors on May 1, 2023, enhancing the board's expertise in accounting and finance with over 10 years of industry experience each[60][61]. - The board consists of seven members, including four executive directors and three independent non-executive directors, ensuring a diverse governance structure[66]. - The company emphasizes high-quality governance practices to protect shareholder interests and support business growth[65]. - The company has complied with all provisions of the corporate governance code during the fiscal year 2022/2023, with a noted deviation from provision C.2.1 explained in the report[65]. - The board held at least four meetings during the fiscal year, demonstrating a commitment to regular oversight and governance[69]. Employee and Labor Relations - Employee benefits expenses for the fiscal year 2022/2023 totaled approximately HKD 16.9 million, up from HKD 8.8 million in the previous year, reflecting an increase in workforce to support outbound travel operations[44]. - The employee turnover rate decreased from 16.4% in the fiscal year 2021/2022 to 5.0% in the fiscal year 2022/2023, primarily due to the termination of all tour guide contracts during the COVID-19 pandemic[174]. - The company has not received any complaints regarding employee harassment or discrimination in the fiscal year 2022/2023[185]. - The company provides competitive compensation and flexible benefits to attract and retain talent, recognizing the importance of a suitable work environment[168]. Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report covers the company's operations in travel-related products and services, which significantly contributed to revenue during the fiscal year[120]. - The company emphasizes the importance of environmental, social, and governance (ESG) issues, integrating them into its sustainable development strategy to create long-term value for stakeholders[131]. - The company aims to reduce operational environmental impact, including emissions and resource consumption, and promotes a "paperless office" concept across its headquarters, branches, and stores[137]. - The company has identified and assessed ESG-related risks and opportunities, reporting them to the board of directors[132]. - The company is committed to maintaining a high level of corporate governance and transparency, ensuring compliance with applicable laws and regulations[137]. Financial Health and Stability - As of March 31, 2023, the company's net asset value was approximately HKD 42.0 million, significantly up from HKD 9.7 million a year earlier, with cash and cash equivalents at approximately HKD 45.7 million[29]. - The current ratio as of March 31, 2023, was 1.1 times, down from 1.6 times a year earlier, indicating a decrease in liquidity[32]. - The company's debt-to-asset ratio decreased from 39.9% on March 31, 2022, to 8.2% on March 31, 2023, primarily due to capital raised from share placements[33]. - The company’s bank borrowings as of March 31, 2023, were approximately HKD 0.8 million, down from HKD 4.1 million a year earlier, reflecting improved financial stability[29]. Risk Management - The company has established a risk management and internal control system to ensure effective operations and compliance with applicable laws and regulations[98]. - An independent professional advisor has been engaged to develop and maintain the internal audit function, with a three-year internal audit plan approved by the audit committee[99]. - The board is satisfied with the effectiveness and adequacy of the risk management and internal control systems for the fiscal year 2022/2023[99]. - The company has implemented remedial actions to address identified internal control deficiencies during the fiscal year[99]. Customer Engagement and Satisfaction - The company aims to enhance customer satisfaction through quality products and services, as well as reasonable pricing[140]. - The company offers a variety of travel itineraries, including local green lifestyle tours and customized exclusive tours, to enhance customer experience and satisfaction[197]. - The company has waived most cancellation fees for customers during the COVID-19 pandemic, despite having the right to charge fees[195]. - The company provides in-service training for tour guides to ensure customer satisfaction during trips[194].

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，並明確表示概不就 因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損 失承擔任何責任。 WWPKG Holdings Company Limited 縱 橫 遊 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8069） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 全 年 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的 定 位，乃 為 中 小 型 公 司 提 供 一 個 上 市 的 市 場，此 等 公 司 相 比 起 其 他在聯交所上巿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，並應經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主 板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證 券會有高流通量的市場。 本公告的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載， ...

Revenue Growth - For the nine months ended December 31, 2022, the revenue from travel-related products and services increased significantly by 40 times compared to the same period in 2021[11]. - Total revenue for the nine months ended December 31, 2022, was 86.6 million HKD, a significant increase from 1.5 million HKD in the same period of 2021, with a gross profit of 18.0 million HKD[16]. - Travel group revenue surged 3,820% to approximately 58.8 million HKD due to the reopening of Japan tours and the resumption of visa-free travel[17]. - Retail business revenue reached 26.1 million HKD for the nine months ended December 31, 2022, driven by high-demand products including designer toys and luxury handbags[21]. - The revenue from travel package sales reached HKD 58,803,000, compared to HKD 1,481,000 in the previous year, indicating a growth of approximately 3,861%[56]. Business Diversification - The company has diversified its business portfolio by launching a cryptocurrency mining operation in July 2021 and retail operations in June 2022[11]. - The company aims to diversify its business activities into retail and dining sectors to expand revenue sources[27]. - Awesome Catering Holdings Limited acquired a 51% stake in 丰衣足食 for 5,100 HKD, with an expected funding requirement of 10 million HKD for its restaurant operations in Tsim Sha Tsui, Hong Kong[12]. - The company is expected to commence its food and beverage business in Hong Kong in the second half of 2023[9]. - The company acquired 65% of Guyguide Limited for HKD 80,000, which operates under the "Guyguide" brand selling travel products to retail customers in Hong Kong[85]. Financial Performance - The total loss and comprehensive loss decreased by 31.1% to approximately HKD 6.7 million for the nine months ended December 31, 2022, down from approximately HKD 9.7 million in the same period of 2021[26]. - The company recorded a net loss of HKD 6,139,000 for the period, which is an improvement from a net loss of HKD 9,458,000 in the same period last year[56]. - Operating loss for the nine months was HKD 6,124,000, an improvement from a loss of HKD 9,511,000 in the same period of 2021[45]. - The basic loss per share for the nine months ended December 31, 2022, was HKD (1.28), an improvement from HKD (2.36) in the same period of 2021[75]. - The company reported a total comprehensive loss of HKD 6,716,000 for the nine months ended December 31, 2022[61]. Cost Management - The company implemented cost-saving measures including director salary reductions and streamlining workflows to mitigate operational losses during the COVID-19 pandemic[11]. - Sales expenses increased by 189.5% to approximately 5.8 million HKD, primarily due to increased credit card fees and advertising costs related to new retail operations[23]. - Administrative expenses increased by 49.3% to approximately HKD 19.2 million for the nine months ended December 31, 2022, compared to approximately HKD 12.9 million in the same period of 2021[25]. - The company has faced increased administrative and operational costs due to staff increases and legal fees related to share placements[25]. - Employee benefits expenses (excluding directors' benefits and equity) increased to HKD 9,797,000 for the nine months ended December 31, 2022, from HKD 7,042,000 in 2021, reflecting a 39.3% increase[69]. Market Conditions - The Hong Kong government relaxed entry requirements on September 26, 2022, transitioning from a "3+4" quarantine arrangement to a "0+3" arrangement[10]. - Japan began accepting visa applications for foreign tourists on June 10, 2022, and fully opened its borders to overseas travelers on October 11, 2022[10]. - International tourist arrivals reached 63% of pre-pandemic levels by the end of December 2022, with monthly inbound numbers rising from 34% in January 2022 to 73% in December 2022[27]. - The company remains optimistic about the recovery of the tourism industry, despite uncertainties related to COVID-19 variants and their impact on future financial periods[27]. Shareholder Information - Directors and key executives hold significant stakes in the company, with Ms. Chen and Mr. Yuan each owning 26.72% of the shares[29]. - The company’s major shareholder, Zongheng You Investment, holds 151,815,000 shares, representing 26.72% of the total shares[33]. - Ms. Chen and Mr. Yuan are considered joint action persons, holding a combined interest in all shares held by their investment company[31]. Compliance and Governance - The company has complied with all provisions of the corporate governance code, except for the separation of roles between the Chairman and CEO during a specific period[37]. - The audit committee reviewed the unaudited financial results for the nine months ended December 31, 2022, ensuring compliance with financial reporting standards[43]. - The company has not granted, exercised, or cancelled any share options under its share option scheme since its adoption[42]. Future Outlook - The company continues to seek opportunities for diversification to enhance future profitability and revenue sources[11]. - The integration of Guyguide Limited is expected to contribute positively to the company's revenue in the upcoming quarters[85]. - Future outlook includes potential further acquisitions to strengthen market position[85]. - The company remains committed to investing in new technologies and products to improve customer experience[85].

Revenue and Financial Performance - The group reported a sevenfold increase in revenue from travel-related products and services for the six months ended September 30, 2022, compared to the same period in the previous year[11]. - For the six months ended September 30, 2022, the group recorded a revenue of approximately HKD 21.3 million, with a gross profit of HKD 3.6 million, compared to HKD 14.9 million in revenue and HKD 1.2 million in gross profit for the same period in 2021[15]. - The group experienced a significant increase in tour group revenue, which rose by 680.0% to approximately HKD 7.8 million, primarily due to the reopening of Japan tours on June 24, 2022[16]. - Retail business generated segment revenue of approximately HKD 13.0 million with a segment loss of about HKD 0.5 million for the six months ended September 30, 2022[15]. - The company reported a total loss and comprehensive loss of approximately HKD 9.9 million for the six months ended September 30, 2022, an increase of 80.7% compared to the previous period[25]. - The company reported a net loss attributable to the owners of the company for the six months was HKD 9,414,000, compared to HKD 5,341,000 in the previous year[62]. - The basic and diluted loss per share for the period was HKD 2.06, compared to HKD 1.34 in the same period last year[62]. - The company reported a total comprehensive loss of HKD 9,892,000 for the six months ended September 30, 2022, compared to a loss of HKD 5,473,000 for the same period in 2021[90]. Operational Developments - The company resumed its travel tours to Japan on June 24, 2022, after a suspension since March 9, 2020, due to COVID-19 restrictions[11]. - The easing of travel restrictions by the Hong Kong government on September 26, 2022, included changes to entry requirements and quarantine arrangements, which positively impacted the company's operations[11]. - The company focuses on travel-related products and services, including travel tour design, development, and sales, as well as investment in travel technology[12]. - The company is diversifying its business activities by incorporating retail operations to expand revenue sources[44]. - The company continues to explore opportunities in cryptocurrency mining and retail to diversify its revenue sources and enhance future profitability[76]. Financial Position and Capital Management - The company raised approximately HKD 21.9 million through a share placement to ensure sufficient operating capital and strengthen its financial position[26]. - The current ratio as of September 30, 2022, was 1.3, down from 1.6 on March 31, 2022[26]. - The debt ratio decreased significantly from 39.9% on March 31, 2022, to 3.9% on September 30, 2022, due to partial repayment of a shareholder loan[28]. - Cash and cash equivalents amounted to approximately HKD 21.3 million as of September 30, 2022, compared to HKD 11.0 million as of March 31, 2022[25]. - The company has available bank overdraft financing of HKD 10,000,000 as of the report date[76]. - The company is actively seeking additional sources of financing to support its operations[76]. Cost Management and Expenses - Administrative expenses increased by 30.0% to approximately HKD 11.0 million, mainly due to legal and professional fees related to the share placement and increased operational expenses from newly established cryptocurrency mining and retail businesses[23]. - Sales expenses increased by 53.6% to approximately HKD 2.5 million, primarily due to advertising and promotional costs associated with the new retail business[22]. - The company has initiated cost-saving measures, including salary reductions for directors and streamlining workflows[14]. - The company is implementing cost control measures, including executive salary reductions and rent concessions from landlords[76]. Corporate Governance and Compliance - The board of directors confirmed the accuracy and completeness of the report, ensuring no misleading or fraudulent information is present[2]. - The company has complied with all corporate governance codes as of September 30, 2022[53]. - The audit committee reviewed the interim financial performance for the six months ended September 30, 2022, ensuring compliance with financial reporting standards[60]. - The company confirmed that all directors complied with the trading regulations and code of conduct regarding securities transactions during the reporting period[54]. Market Outlook and Industry Trends - The international tourism sector is recovering, with international tourist arrivals reaching 57% of pre-pandemic levels in the first seven months of 2022[43]. - The Japanese government has lifted restrictions on foreign tourists, allowing up to 50,000 daily entries and resuming individual travel without a tour group requirement[43]. - The company remains optimistic about the recovery of the tourism industry and believes outbound travel, sightseeing, and hotel activities will rebound to exceed pre-pandemic levels in the medium term[44]. - The travel industry is recovering, particularly in Japan, with the government lifting travel restrictions on October 11, 2022[76]. Shareholder Information - The company holds 181,815,000 shares, representing 37.88% ownership by major shareholders Chen Shuwai and Yuan Shiqiang[46]. - Chen Shuwai and Yuan Shiqiang are considered joint action persons, collectively owning all shares held by their investment holding company[51]. - The company did not declare an interim dividend for the six months ended September 30, 2022, to retain cash for operational needs and future development[42]. Assets and Liabilities - As of September 30, 2022, total assets amounted to HKD 43,304,000, an increase from HKD 18,741,000 as of March 31, 2022[64]. - Total liabilities as of September 30, 2022, were HKD 37,199,000, compared to HKD 29,325,000 as of March 31, 2022, reflecting an increase in financial obligations[93]. - The company reported a significant increase in inventory, which rose to HKD 6,674,000 from HKD 218,000[64]. - The company’s net current assets stood at HKD 10,963,000 as of September 30, 2022, compared to HKD 6,807,000 as of March 31, 2022[64].

Financial Performance - For the three months ended June 30, 2022, the total revenue was HKD 6.4 million, with a gross profit of HKD 2.4 million, compared to HKD 0.5 million in revenue and gross profit of HKD 0.5 million for the same period in 2021[12] - Revenue for the three months ended June 30, 2022, was HKD 6,364,000, a significant increase from HKD 536,000 in the same period of 2021, representing a growth of 1,086%[42] - Gross profit for the same period was HKD 2,417,000, compared to HKD 500,000 in 2021, indicating a growth of 383%[42] - The company reported an operating loss of HKD 3,394,000 for the three months ended June 30, 2022, compared to an operating loss of HKD 749,000 in 2021, reflecting a deterioration of 353%[42] - The loss attributable to owners of the company was HKD 3,935,000, compared to HKD 824,000 in the previous year, marking an increase of 377%[44] - The company incurred a reported loss of HKD 3,607,000 for the three months ended June 30, 2022, compared to a loss of HKD 851,000 for the same period in 2021, indicating a worsening financial position[55] Revenue Segments - The retail business contributed approximately HKD 5.3 million in revenue and HKD 1.6 million in profit for the three months ended June 30, 2022[9] - The cryptocurrency mining segment generated HKD 0.2 million in revenue and gross profit for the three months ended June 30, 2022[12] - The travel-related products and services segment generated revenue of HKD 0.9 million with a gross profit of HKD 0.2 million for the three months ended June 30, 2022[12] - Revenue from travel-related products and services was HKD 856,000, up from HKD 533,000 in the previous year, showing a growth of 60%[51] - Revenue from cryptocurrency mining was HKD 194,000, with no revenue reported in the same period of 2021, indicating a new revenue stream[51] Cost and Expenses - Administrative expenses rose by 43.1% to approximately HKD 5.6 million, primarily due to legal and professional fees related to share placement and operational expenses from cryptocurrency mining and retail business[22] - The total cost of sales, selling expenses, and administrative expenses for the three months ended June 30, 2022, amounted to HKD 9,928,000, up from HKD 4,292,000 in the previous year, reflecting increased operational costs[59] - The company’s administrative expenses increased to HKD 5,555,000 from HKD 3,881,000 in the previous year, reflecting a rise of 43%[42] - The company reported a net financial cost of HKD 187,000 for the three months ended June 30, 2022, compared to HKD 73,000 in the previous year, indicating increased financial burdens[61] Impact of COVID-19 - The company has been affected by the COVID-19 pandemic, which has severely impacted the global travel industry since 2020[9] - The company is focused on expanding its operations in the retail sector and cryptocurrency mining to mitigate the impact of the pandemic on its core travel business[9] - The sales of travel-related products and services were weak due to the COVID-19 pandemic during the three months ended June 30, 2022[16] - The company recorded minimal revenue from free travel products during the same period due to the pandemic[14] - The company remains optimistic about the recovery of the travel industry, especially after Japan eased entry restrictions for foreign tourists on June 10, 2022[23] Business Strategy and Developments - The company aims to diversify its business portfolio to enhance future profitability and potential, including the launch of retail operations in June 2022[9] - The company is diversifying its business activities into other industries to expand revenue sources through the integration of new retail business[23] - The company launched a new retail business segment in June 2022, which is now included in the reportable segments[52] - The company has resumed its travel group operations to Japan, including sightseeing and entertainment activities[23] Shareholder and Governance Information - As of June 30, 2022, the major shareholder, Zongheng You Investment, holds 256,015,000 shares, representing 53.34% of the company's total shares[28] - The investment holding company Zongheng You Investment is registered in the British Virgin Islands, with Ms. Chen, Mr. Yuan Shiqiang, and Mr. Yuan Zhenning holding 68.02%, 23.42%, and 8.56% of the equity, respectively[29] - The company has complied with all provisions of the corporate governance code as of June 30, 2022[33] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited financial performance for the three months ending June 30, 2022[40] Other Financial Metrics - The company’s total equity as of June 30, 2022, was HKD 28,293,000, an increase from HKD 24,518,000 as of June 30, 2021, representing a growth of 15%[44] - The basic and diluted loss per share for the period was HKD 0.91, compared to HKD 0.21 in the previous year, indicating a decline in earnings per share[42] - Basic loss per share for the three months ended June 30, 2022, was HKD 0.91, compared to HKD 0.21 for the same period in 2021, highlighting a decline in profitability[65] - The company did not declare any dividends for the three months ended June 30, 2022, consistent with the previous year[68] Impairments and Losses - The company reported a cryptocurrency impairment loss of HKD 809,000 for the three months ended June 30, 2022, reflecting challenges in the cryptocurrency segment[59] - The company experienced a foreign exchange loss of HKD 161,000 for the three months ended June 30, 2022, compared to a loss of HKD 8,000 in the same period of 2021, suggesting increased volatility in currency markets[57] Executive Compensation - Total remuneration for executive directors and senior management for the three months ended June 30, 2022, was HKD 825,000, a decrease from HKD 906,000 in 2021[74] - Salary and allowances for the same period were HKD 813,000, down from HKD 891,000 in 2021[74] - The retirement benefit cost for the defined contribution plan was HKD 12,000 for the three months ended June 30, 2022, compared to HKD 15,000 in 2021[74]

Financial Performance - The operating loss for the fiscal year 2021/2022 decreased by 5.8% to approximately HKD 14.2 million from HKD 15.0 million in the previous fiscal year[9]. - The total loss and comprehensive loss for the fiscal year 2021/2022 decreased by 3.1% to approximately HKD 16.1 million[26]. - As of March 31, 2022, the net asset value of the group was approximately HKD 9.7 million, down from HKD 24.5 million a year earlier[26]. - The current ratio as of March 31, 2022, was 1.6 times, compared to 1.8 times on March 31, 2021[27]. - The debt ratio increased from 17.8% on March 31, 2021, to 39.9% on March 31, 2022, due to the withdrawal of HKD 12.0 million from loans provided by the parent company[29]. - The group recorded a total revenue of HKD 2.8 million for the fiscal year 2021/2022, with a gross profit of HKD 2.3 million, compared to HKD 2.6 million in revenue and a gross loss of HKD 0.1 million in the previous fiscal year[17]. Revenue Sources - The cryptocurrency mining business contributed approximately HKD 1.2 million in revenue but incurred a segment loss of about HKD 2.4 million during the fiscal year 2021/2022[10]. - Revenue from travel packages and related services was HKD 0.1 million, with a gross profit of HKD 0.1 million, while the previous year saw revenue of HKD 1.8 million and a gross profit of HKD 1.8 million[17]. - The cryptocurrency mining segment generated revenue of HKD 1.2 million with a corresponding gross profit of HKD 1.2 million, marking a new revenue stream for the group[17]. Cost Management - Cost-saving measures implemented included salary reductions for directors, streamlining workflows, and encouraging employees to take unpaid leave[12]. - Sales expenses increased by 143.4% to approximately HKD 3.3 million, primarily due to employee costs related to the termination of tour leader contracts and increased advertising expenses[22]. - Administrative expenses rose by 18.1% to approximately HKD 19.0 million, driven by costs associated with the new cryptocurrency mining business and impairment losses on property and equipment[23]. Liquidity and Financing - The company sold all listed equity securities held in Hong Kong, generating total proceeds of approximately HKD 9.9 million (excluding transaction costs) to alleviate liquidity pressure[11]. - The company received a loan financing of HKD 15.0 million from its ultimate parent company, with HKD 12.0 million drawn during the fiscal year 2021/2022 to further enhance liquidity[11]. - The group completed a placement of 80,000,000 new shares at a price of HKD 0.281 per share, raising approximately HKD 21.9 million for general working capital and strategic purposes[14]. Business Strategy and Outlook - The group remains optimistic about the recovery of the travel industry as more countries lift restrictions, with a focus on leveraging over 42 years of industry experience[15]. - The group is exploring opportunities to diversify its business into other sectors to expand revenue sources amid ongoing challenges in the travel sector[14]. - The group is closely monitoring the development of COVID-19 and its impact on the travel industry, with recovery prospects remaining uncertain[14]. Corporate Governance - The company reported a strong performance for the fiscal year 2021/2022, adhering to all corporate governance codes as per GEM listing rules[59]. - The board consists of three executive directors and three independent non-executive directors, ensuring compliance with GEM listing rules regarding board composition[60]. - The company has maintained a high level of corporate governance practices, focusing on quality board composition and effective accountability systems[58]. - The financial activities of the group are overseen by a qualified finance director with over 20 years of experience in accounting and auditing[54]. - The company emphasizes risk management and internal control systems as part of its strategic oversight[64]. Environmental, Social, and Governance (ESG) Initiatives - The company has published its sixth Environmental, Social, and Governance (ESG) report, detailing management principles and practices for the fiscal year 2021/2022[109]. - The company aims to reduce operational environmental burdens, including emissions and resource consumption, and promotes a "paperless office" concept[126]. - The company is committed to ensuring transparency and effective communication with shareholders regarding investment returns and corporate governance[127]. - The company has identified key environmental, social, and governance issues based on stakeholder engagement and importance assessment for the ESG report[113]. - The board of directors is fully responsible for environmental, social, and governance (ESG) matters, integrating them into the company's sustainable development strategy and reviewing key performance indicators[119]. Employee Management and Development - As of March 31, 2022, the group had 30 employees, a decrease from 91 employees as of March 31, 2021, with total employee benefits expenses amounting to approximately HKD 8.8 million for the fiscal year 2021/2022, up from HKD 5.6 million in the previous fiscal year[39]. - The group emphasizes the importance of employee training and development, offering various training programs to enhance service quality[171]. - The group has not reported any work-related fatalities in the past three years, including the fiscal year 2021/2022, and there were no lost workdays due to work-related injuries[168]. - Employee turnover was notably high among the 55-64 age group due to the challenging business environment during the COVID-19 pandemic[166]. Customer Relations and Satisfaction - The group collects customer feedback to continuously improve customer experience and satisfaction[188]. - The group has a dedicated team to handle customer inquiries and complaints through various channels, ensuring proper follow-up[191]. - The group emphasizes the importance of providing high-quality and safe travel products, adhering to local laws and regulations[186]. Compliance and Risk Management - The group has established an anti-corruption policy and reporting procedures to maintain integrity in business operations[200]. - No confirmed or suspected cases of bribery, extortion, fraud, or money laundering were found during the fiscal year 2021/2022[200]. - The group has developed an Employee Code of Conduct to regulate gifts, hospitality, money laundering, and conflicts of interest[200].

Revenue and Profitability - For the nine months ended December 31, 2021, the group generated revenue of HKD 1.5 million from travel packages, with a gross profit of HKD 0.9 million[11]. - The group recorded a total revenue of HKD 2.5 million for the nine months ended December 31, 2020, with a gross profit of HKD 0.2 million[11]. - For the nine months ended December 31, 2021, the company reported total revenue of HKD 1,536,000, a decrease of 39.2% compared to HKD 2,527,000 for the same period in 2020[35]. - The gross profit for the same period was HKD 978,000, representing a significant increase from HKD 246,000 in the previous year, resulting in a gross margin improvement[35]. - The company reported a total loss of HKD 9,749,000 for the nine months ended December 31, 2021, compared to a loss of HKD 12,844,000 in the same period of 2020, reflecting an improvement of 24.3%[49]. - The company recorded a net loss of HKD 9,749,000 for the nine months, compared to a net loss of HKD 12,844,000 in the same period last year, indicating a reduction in losses[35]. - The basic loss per share for the nine months ended December 31, 2021, was HKD 2.36, an improvement from HKD 3.18 in the same period of 2020[61]. COVID-19 Impact - The group has not recorded any sales from free travel products for the nine months ended December 31, 2021, due to the COVID-19 pandemic[13]. - The group suspended all outbound travel tours due to the COVID-19 pandemic, resulting in minimal revenue from travel tours for the nine months ended December 31, 2021[12]. - The company anticipates that the ongoing COVID-19 pandemic will continue to adversely affect its operations and financial performance for the remainder of the fiscal year ending March 31, 2022[19]. - The company recognized a COVID-19 related rent concession of HKD 1,058,000, which was accounted for as a reduction in lease liabilities[44]. - The company received a reduction of approximately HKD 0.5 million in subsidies from the Hong Kong government's anti-epidemic fund, which partially offset other expenses[20]. - The company reported a rental concession of HKD 1,058,000 due to COVID-19, compared to HKD 709,000 in the same period of 2020[67]. Cryptocurrency Mining - The cryptocurrency mining segment incurred a loss of approximately HKD 1.1 million for the nine months ended December 31, 2021[10]. - The group began cryptocurrency mining operations in July 2021 to diversify revenue sources and enhance future profitability[10]. - The cryptocurrency mining segment began operations in July 2021 and is now a reportable segment for the company[47]. - The company plans to expand its business scope by incorporating cryptocurrency mining operations to enhance future profitability and potential[19]. Expenses and Cost Management - Sales expenses increased by 108.5% to approximately HKD 2.0 million, primarily due to increased employee costs related to the termination of tour leader contracts[16]. - Administrative expenses rose by 9.0% to approximately HKD 12.9 million, driven by depreciation and administrative costs from cryptocurrency mining operations[17]. - The company incurred total expenses of HKD 15,442,000 for the nine months ended December 31, 2021, slightly up from HKD 15,069,000 in the previous year[55]. - The total remuneration for key management personnel for the nine months ended December 31, 2021, was HKD 2,595,000, slightly down from HKD 2,686,000 in the same period of 2020[70]. Shareholder Information - As of December 31, 2021, key executives held a total of 256,015,000 shares, representing 64% ownership in the company[21]. - As of December 31, 2021, the major shareholder, Zongheng You Investment, held 256,015,000 shares, representing 64% of the total shares[23]. - The average number of issued ordinary shares for the periods under review remained constant at 400,000,000 shares[61]. Financial Position - As of December 31, 2021, total equity attributable to owners was HKD 15,058,000, down from HKD 28,251,000 a year earlier, representing a decrease of 47%[37]. - The company’s accumulated losses increased to HKD 59,480,000 as of December 31, 2021, compared to HKD 46,287,000 at the end of 2020[37]. - The company’s capital reserve as of December 31, 2021, was HKD 11,371,000, unchanged from the previous year[37]. - There were no significant contingent liabilities as of December 31, 2021, consistent with the previous year[64]. - The company has no significant events after the reporting period that could materially affect its operations and financial performance[71]. Other Income and Gains - The company generated HKD 1,481,000 from travel package sales for the nine months ended December 31, 2021, compared to HKD 907,000 in the prior year, reflecting a growth of 63%[45]. - Total other income for the nine months ended December 31, 2021, was HKD 4,395,000, compared to HKD 72,000 in the same period of 2020, showing a significant increase[53]. - The company reported a total of HKD 2,658,000 in gains from the sale of listed equity securities during the nine months ended December 31, 2021, with no such gains reported in the previous year[53].