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].

Financial Performance - The group reported minimal revenue and gross profit from travel-related products and services for the six months ended September 30, 2021, due to the ongoing impact of COVID-19 on the travel industry[9]. - For the six months ended September 30, 2021, the group recorded revenue from tour groups of HKD 1.0 million with a gross profit of HKD 0.7 million, compared to HKD 0.2 million in revenue and a gross loss of HKD 1.1 million for the same period in 2020[12]. - Revenue from travel-related products and services totaled HKD 1.0 million with a gross profit of HKD 0.7 million for the six months ended September 30, 2021, compared to HKD 1.8 million in revenue and a gross profit of HKD 0.5 million for the same period in 2020[12]. - Total revenue for the six months ended September 30, 2021, was HKD 966,000, compared to HKD 1,773,000 for the same period in 2020, representing a decrease of approximately 45.5%[79]. - The company reported a total comprehensive loss of HKD 5,473,000 for the six months ended September 30, 2021, compared to HKD 10,680,000 for the same period in 2020, a reduction of 48.8%[55]. - The operating loss for the six months ended September 30, 2021, was HKD 5,332,000, improved from a loss of HKD 10,442,000 in the same period of 2020, reflecting a 48.9% reduction in losses[55]. - The company reported a net loss of HKD (5,341,000) attributable to owners for the six months ended September 30, 2021, compared to a loss of HKD (10,601,000) for the same period in 2020[97]. Liquidity and Financing - To alleviate liquidity pressure, the group sold all listed equity securities held in Hong Kong for approximately HKD 9.9 million (excluding transaction costs) during the six months ended September 30, 2021[11]. - The group received total loan financing of HKD 15.0 million from its ultimate parent company, with HKD 5.0 million drawn during the same period to enhance liquidity[11]. - The group has available bank overdraft financing of HKD 10,000,000 and loan financing from its ultimate parent company of HKD 10,000,000[70]. - The group continues to seek additional sources of financing to support its operations[70]. - The group believes it has sufficient financial resources to meet its operational funding requirements for at least the next 12 months[69]. Operational Challenges - The group faced significant operational disruptions due to travel restrictions imposed globally since early 2020, leading to the cancellation of outbound tours[9]. - The company anticipates that the ongoing COVID-19 pandemic will continue to adversely impact its operations and financial performance for the remainder of the fiscal year ending March 31, 2022[38]. - The group’s operations have been adversely affected by COVID-19, particularly due to travel restrictions impacting its primary revenue from overseas travel tours[69]. - The group is closely monitoring the latest developments regarding travel restrictions and is prepared to resume operations once restrictions are lifted[70]. Cost Management - Cost-saving measures implemented included director salary reductions, streamlining workflows, and encouraging employees to take unpaid leave or annual leave[10]. - The group has taken steps to negotiate rent reductions with landlords for its branch and office properties[10]. - The company reported a rental expense of HKD 705,000 for the six months ended September 30, 2021, a decrease from HKD 936,000 in the same period of 2020, reflecting a reduction of approximately 24.6% due to COVID-19 rent concessions[118]. Business Diversification - The group began cryptocurrency mining operations in July 2021, recording a segment loss of approximately HKD 0.4 million for the six months ended September 30, 2021[11]. - The group invested in tourism and travel technology-related businesses to diversify revenue sources and enhance future profitability[9]. - The company plans to expand its business scope by incorporating cryptocurrency mining operations through Fire Technology to enhance future profitability and potential[38]. - The cryptocurrency mining segment, which started operations in July 2021, has been added as a reportable segment[81]. Shareholder Information - As of September 30, 2021, the company has a significant shareholder, Zonghengyou Investment, holding 256,015,000 shares, representing 64% of the total shares[39]. - The beneficial ownership of Zonghengyou Investment is distributed among its directors, with Ms. Chen holding 68.02% and Mr. Yuan holding 23.42%[40]. - The company has an outstanding amount payable to a shareholder, Zonghengyou Investment, of HKD 5,000,000 as of September 30, 2021, which is unsecured and interest-free[121]. Governance and Compliance - The group confirmed that the information in the report is accurate and complete, with no misleading or fraudulent elements[2]. - The company has complied with all corporate governance codes as outlined in the GEM listing rules during the six months ending September 30, 2021[45]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the six months ending September 30, 2021[47]. - The company did not recommend any interim dividend for the six months ended September 30, 2021, consistent with the previous year[99].

Revenue and Profitability - The group recorded revenue of HKD 0.5 million from travel packages, with a gross profit of HKD 0.5 million for the three months ended June 30, 2021, compared to HKD 1.3 million in revenue and a gross profit of HKD 0.8 million in the same period of 2020[10]. - For the three months ended June 30, 2021, the company's revenue was HKD 536,000, a decrease of 59.9% compared to HKD 1,333,000 for the same period in 2020[37]. - The gross profit for the same period was HKD 500,000, down 35.9% from HKD 781,000 year-on-year[37]. - The group’s travel-related products and services generated minimal revenue and gross profit during the reporting period due to travel restrictions[9]. - The gross profit from travel packages was primarily derived from government-subsidized local tours and the recognition of expired member points as revenue[11]. Losses and Financial Performance - The total loss and comprehensive loss for the three months ended June 30, 2021, decreased by 86.0% to approximately HKD 0.9 million, attributed to various factors including cost control[17]. - The group reported a total loss of HKD 851,000 for the three months ended June 30, 2021, compared to a loss of HKD 6,079,000 for the same period in 2020, indicating a significant improvement[50]. - The net loss for the period was HKD 851,000, compared to a net loss of HKD 6,079,000 for the same period in 2020, indicating a reduction in losses[37]. - Operating loss for the three months ended June 30, 2021, was HKD 749,000, significantly improved from a loss of HKD 5,977,000 in the previous year[37]. - The group incurred a reported loss of HKD 3,079,000 from its operating segments for the three months ended June 30, 2021, compared to a loss of HKD 4,326,000 in the same period of 2020[50]. Cost Management and Expenses - The group implemented cost-saving measures, including director salary reductions and encouraging employees to take unpaid leave, to mitigate losses during the pandemic[9]. - Sales expenses decreased by 18.1% to approximately HKD 0.4 million for the three months ended June 30, 2021, primarily due to reduced credit card fees and advertising expenses[15]. - Administrative expenses decreased by 23.2% to approximately HKD 3.9 million for the three months ended June 30, 2021, primarily due to reduced depreciation and other cost-saving measures[16]. - Total expenses for the three months ended June 30, 2021, were HKD 4,292,000, down from HKD 6,062,000 in the same period of 2020, reflecting a reduction of approximately 29.3%[54]. - Sales and administrative expenses combined decreased by approximately HKD 1.3 million during the reporting period[18]. Strategic Initiatives and Future Outlook - The group continues to focus on travel technology investments and related services despite the challenges posed by the pandemic[8]. - The group aims to expand its offerings in travel-related products and services, particularly focusing on Japan as a key destination[8]. - The company established a joint venture on July 19, 2021, to engage in cryptocurrency mining and related services, aiming to expand its business scope and enhance future profitability[17]. - The company entered into a joint venture agreement to acquire a 80% stake in a cryptocurrency mining business, with a total registered capital of HKD 3.0 million, indicating a strategic move into the blockchain technology sector[67]. - The company is closely monitoring the COVID-19 pandemic's impact on its operations and financial performance, which is expected to remain challenging in the upcoming quarters[17]. Shareholder and Governance Information - Major shareholders, including Chen Shuwai and Yuan Shiqiang, each hold 64% of the company's shares through a controlled corporation[19]. - The company has no other disclosures regarding interests or positions held by directors or key executives in the company's shares as of June 30, 2021[22]. - The board of directors confirmed the accuracy and completeness of the financial report, ensuring no misleading information was presented[2]. - The company has complied with all the provisions of the corporate governance code during the three months ended June 30, 2021[27]. - There were no share options granted, exercised, lapsed, or cancelled under the share option scheme from the adoption date to June 30, 2021[31]. Other Financial Metrics - The company recognized rental concessions of approximately HKD 0.4 million as negative variable lease payments[18]. - The company recognized a rental concession of HKD 353,000 related to COVID-19 for the three months ended June 30, 2021, which was not present in the same period of 2020[52]. - The company reported a gain of approximately HKD 0.7 million from the sale of shares in Gad Holdings Limited[18]. - The fair value of the investment in Gad Holdings Limited changed from a loss of approximately HKD 1.3 million in the same period last year to a gain of approximately HKD 2.0 million for the three months ended June 30, 2021[18]. - The company recognized a fair value gain of approximately HKD 2.0 million related to the acceptance of a cash offer for 34,130,000 shares of a listed company, which will be reclassified in the profit and loss statement for the three months ending September 30, 2021[66].

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。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概 不就因本報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。 本報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，旨在提供有關WWPKG Holdings Company Limited 縱橫遊控股有限公司（「本公司」連同其附屬公司統稱「本集團」）之資料；本公司董事（「董事」）願就本報告的資料共同及個 別地承擔全部責任。董事在作出一切合理查詢後，確認就其所知及所信，本報告所載資料在各重要方面均屬準確完備， 沒有誤導或欺詐成分，且並無遺漏任何事項，足以令致本報告或其所載任何陳述 ...

Financial Performance - The company's loss for the nine months ended December 31, 2020, increased by 19.6% to approximately HKD 12.8 million compared to the same period in 2019[10] - Revenue and gross profit for the nine months ended December 31, 2020, decreased by 98.8% and 99.3%, respectively, compared to the same period in 2019[10] - Total revenue for the nine months ended December 31, 2020, was approximately HKD 2.5 million, a significant decrease from HKD 204.8 million in the same period of 2019, representing a decline of 98.8%[11] - The group recorded a gross loss of approximately HKD 1.4 million from tour groups due to the cancellation or suspension of all tours amid the Covid-19 pandemic[12] - There were no sales from the self-guided travel products for the nine months ended December 31, 2020, resulting in a gross loss of HKD 0.1 million due to refunds for canceled bookings[13] - Revenue from travel-related products and services primarily came from new business activities involving imported masks and health-related products, contributing to a total of HKD 1.7 million[14] - The total loss and comprehensive loss for the nine months ended December 31, 2020, decreased by 19.6% to approximately HKD 12.8 million, primarily due to reduced expenses and government subsidies[18] - The ongoing Covid-19 pandemic continues to severely impact the travel industry, with significant operational and financial challenges expected to persist into the fiscal year ending March 31, 2021, or longer[19] - The company reported a total loss of HKD 12,739,000 for the nine months ended December 31, 2020, compared to a loss of HKD 10,589,000 for the same period in 2019, representing an increase in loss of approximately 20.4%[39] - For the nine months ended December 31, 2020, the company reported a loss attributable to shareholders of HKD 12,739,000, compared to a loss of HKD 10,589,000 for the same period in 2019, representing an increase in loss of approximately 10.8%[67] Cost Management - The company implemented cost-saving measures including director salary reductions, streamlining workflows, and encouraging employees to take unpaid leave[10] - Selling expenses decreased by 90.6% to approximately HKD 1.0 million for the nine months ended December 31, 2020, mainly due to reduced credit card fees and advertising expenses[16] - Administrative expenses decreased by 61.4% to approximately HKD 11.8 million, attributed to reduced depreciation and cost-saving measures including salary cuts and unpaid leave[17] - The company received subsidies amounting to HKD 1,067 thousand from local governments during the nine months ended December 31, 2020[59] - Total remuneration for key management personnel for the nine months ended December 31, 2020, was HKD 2,881,000, down from HKD 5,140,000 in the same period of 2019, indicating a reduction of approximately 44.0%[71] Impact of COVID-19 - The unprecedented COVID-19 pandemic severely impacted the company's operating environment, leading to significant disruptions in business operations[10] - The company began canceling overseas travel tours starting January 26, 2020, with tours to Japan canceled from March 9, 2020[10] - The company applied for the Hong Kong government's employment support schemes to mitigate losses during the pandemic[10] - The company is closely monitoring the pandemic's developments and is committed to controlling costs and enhancing cash flow and operational efficiency[19] - The company operates primarily in the travel-related products and services sector, which has been severely impacted by the COVID-19 pandemic[42] Shareholder Information - The company holds a 69.19% stake in its shares through its controlled entities, indicating strong insider ownership and alignment with shareholder interests[21] - The major shareholder, Zongheng You Investment, holds 69.19% of the company's shares, with significant ownership by Ms. Chen and Mr. Yuan[25] - The basic and diluted loss per share for the nine months ended December 31, 2020, was HKD 3.18, compared to HKD 2.65 for the same period in 2019[37] - The company had no potential dilutive ordinary shares as of December 31, 2020, resulting in diluted loss per share being equal to basic loss per share[67] - The average number of ordinary shares outstanding remained constant at 400,000,000 shares for both the nine-month periods ended December 31, 2020, and 2019[67] Governance and Compliance - The company has complied with all corporate governance code provisions during the nine months ended December 31, 2020[30] - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and risk management[35] Operational Segments - The company’s organizational structure is divided into two reportable segments, with performance evaluated based on profit before interest and tax[52] - Reported segment revenue for the nine months ended December 31, 2020, was HKD 2,527 thousand, a significant decrease from HKD 204,826 thousand in the same period of 2019[53] - The reported segment loss for the nine months ended December 31, 2020, was HKD (8,460) thousand, compared to a loss of HKD (9,228) thousand in the same period of 2019, indicating a slight improvement[53] Other Financial Metrics - The company incurred a total loss before tax of HKD (12,844) thousand for the nine months ended December 31, 2020, compared to a loss of HKD (10,669) thousand in the same period of 2019[53] - Financial income for the nine months ended December 31, 2020, was HKD 50 thousand, slightly up from HKD 48 thousand in the same period of 2019[63] - The company reported a total expense of HKD 15,069 thousand for the nine months ended December 31, 2020, compared to HKD 215,742 thousand in the same period of 2019, reflecting a significant reduction in expenses[61] - Depreciation of property, plant, and equipment for the nine months ended December 31, 2020, was HKD 1,141 thousand, down from HKD 2,144 thousand in the same period of 2019[53] - The company recognized a reduction in lease liabilities of HKD 1,548,000 due to rent concessions related to COVID-19, which was accounted for as a decrease in variable lease payments[49]

Financial Performance - For the six months ended September 30, 2020, the group's total loss and comprehensive loss amounted to approximately HKD 10.7 million, a slight decrease of 2.7% compared to the same period in 2019[10]. - Revenue and gross profit for the six months ended September 30, 2020, decreased by 98.6% and 97.2% respectively compared to the same period in 2019[10]. - The group recorded minimal revenue from travel tours due to the cancellation or suspension of all tours amid the Covid-19 pandemic, resulting in a gross loss of approximately HKD 1.1 million[12]. - There were no sales of free travel products during the same period, leading to a gross loss of about HKD 0.1 million primarily from refunds due to customer cancellations[13]. - Revenue from travel-related products and services decreased by 83.3%, yet total revenue remained stable at approximately HKD 1.7 million due to new business activities involving imported masks and health-related products[14]. - The total loss and comprehensive loss for the period slightly decreased by 2.7% to approximately HKD 10.7 million, influenced by reductions in selling and administrative expenses[18]. - The net loss attributable to the owners of the company for the six months was HKD (10,601,000), compared to HKD (10,955,000) in 2019, indicating a decrease of approximately 3.2%[55]. - The basic and diluted loss per share for the period was HKD (2.65), compared to HKD (2.74) in the same period of 2019, reflecting an improvement of about 3.3%[55]. - The company reported a total loss of HKD (10,680,000) for the six months ended September 30, 2020, compared to a loss of HKD (11,020,000) for the same period in 2019, showing a slight improvement of approximately 3.1%[87]. Revenue and Expenses - The group confirmed that the information in the report is accurate and complete, with no misleading or fraudulent elements[2]. - Selling expenses decreased by 89.0% to approximately HKD 0.8 million, attributed to reduced credit card fees and cost-saving measures[16]. - Administrative expenses decreased by 56.9% to approximately HKD 8.7 million, mainly due to reduced depreciation and cost-saving measures including salary cuts and unpaid leave[17]. - The company incurred a total of HKD 10,707,000 in expenses for the six months ended September 30, 2020, compared to HKD 137,587,000 for the same period in 2019, reflecting a decrease of approximately 92.2%[95]. - The company reported a net loss from other income and expenses of HKD (1,508,000) for the six months ended September 30, 2020, compared to HKD (1,177,000) for the same period in 2019, indicating a decline of approximately 28.1%[92]. Assets and Liabilities - As of September 30, 2020, the group's net asset value was approximately HKD 30.4 million, down from HKD 41.1 million as of March 31, 2020[19]. - The company reported a total asset value of HKD 50,984,459,000 as of September 30, 2020[57]. - The equity attributable to the owners of the company decreased to HKD 30,389,000, reflecting a loss of HKD 10,601,000 for the six months ended September 30, 2020[58]. - The company’s total liabilities amounted to HKD 20,537,171,000, indicating a significant financial obligation[57]. - The accumulated losses increased to HKD 44,149,000, highlighting ongoing financial challenges[58]. - The company’s cash and cash equivalents were reported at HKD 16,462,000, indicating liquidity position[57]. - The company’s short-term borrowings were recorded at HKD 21,234,000, reflecting reliance on external financing[57]. - The total receivables as of September 30, 2020, were valued at HKD 10,000, with no overdue or impaired receivables reported[106][107]. Operational Challenges and Responses - The ongoing Covid-19 pandemic has severely impacted the travel industry, with significant operational and financial challenges expected to persist until at least December 31, 2020[36]. - The group is closely monitoring the pandemic and has implemented cost control measures to strengthen cash flow and operational efficiency[37]. - The group applied for the Hong Kong government's "Employment Support Scheme" and "Travel Agency and Practitioner Support Scheme" to mitigate losses[10]. - The group has successfully applied for subsidies under the Hong Kong government's employment support scheme and tourism industry support plan[70]. - The group is actively seeking additional sources of financing to improve its financial position amid the ongoing impact of Covid-19[70]. - The group has maintained close communication with suppliers, particularly those supporting travel to Japan, to prepare for resuming operations once travel restrictions are lifted[70]. Future Outlook - The group remains optimistic about the recovery of the travel industry and is committed to enhancing business performance once the pandemic subsides[37]. - The group plans to utilize HKD 16.0 million for brand promotion, HKD 8.1 million to enhance sales channels, and HKD 11.7 million to improve operational efficiency within the next one to two years[33]. - A bilateral quarantine-free travel bubble agreement was reached between Hong Kong and Singapore, which is expected to facilitate cross-border travel starting November 22, 2020[37]. Corporate Governance - The company has complied with all provisions of the corporate governance code during the reporting period[46]. - The company confirmed that there were no competing interests or conflicts of interest among directors and controlling shareholders during the reporting period[49]. - The company did not declare an interim dividend for the six months ended September 30, 2020, consistent with the previous year[103].

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。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示 概不就因本報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。 本報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，旨在提供有關WWPKG Holdings Company Limited縱橫遊控股有限公司（「本公司」連同其附屬公司統稱「本集團」）之資料；本公司董事（「董事」）願就本報告的資 料共同及個別地承擔全部責任。董事在作出一切合理查詢後，確認就其所知及所信，本報告所載資料在各重要方面均 屬準確完備，沒有誤導或欺詐成分，且並無遺漏任何事項，足以令致本報告或其所載任何陳述產 ...

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 2019/2020 年報 2019/2020 ANNUAL REPORT WWPKG Holdings Company Limited 縱橫遊控股有限公 司 (Incorporated in the Cayman Islands with limited liability) Stock Code: 8069 WWPKG Holdings Company Limited 縱橫遊控股有限公 司 Annual Report 2019/2020 年報 本報告將自其刊登之日起計最少一連七日登載於GEM之網站http://www.hkgem.com內「最新公司公告」一頁及本公司網站 http://www.wwpkg.com.hk內。 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，並應經過審慎周詳考慮後方作出投資決定。 由於GEM ...