Sunny Side Up Culture Holdings Limited 光尚文化控股有限公司 Yeah Yeah Group Holdings Limited （前稱 ） （於開曼群島註冊成立並於百慕達存續之有限公司） 8082 （股份代號： ） 截至二零二三年六月三十日止六個月之 中期業績公佈 GEM 香港聯合交易所有限公司（「聯交所」） 之特色 GEM 之定位，乃為較於聯交所上市之其他公司帶有更高投資風險之中小型公司提供一個上市 之市場。有意投資之人士應了解投資於該等公司之潛在風險，並應經過審慎周詳之考慮後方 作出投資決定。 GEM GEM 由於 上市公司普遍為中小型公司，在 買賣的證券可能會較於主板買賣之證券承受 GEM 較大的市場波動風險，同時無法保證在 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香港聯合交易所有限公司對本公佈之內容概不負責，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佈全部或任何部分內容產生或因倚 賴該等內容引致之任何損失承擔任何責任。 GEM 本公佈乃遵照香港聯合交易所有限公司 證券上市規則之規定提供有關光尚文化控股有限 公司之資料。光尚文化控 ...

Financial Performance - Revenue for the three months ended March 31, 2023, was HKD 31,953,000, a significant increase from HKD 8,654,000 in the same period of 2022, representing a growth of 269%[5] - Gross profit for the same period was HKD 14,535,000, compared to HKD 1,609,000 in 2022, indicating a substantial increase in profitability[5] - The net loss for the three months ended March 31, 2023, was HKD 5,162,000, a reduction from a net loss of HKD 14,349,000 in the prior year, reflecting an improvement of 64%[5] - Basic and diluted loss per share for the period was HKD 0.22, down from HKD 0.66 in the previous year[5] - Total comprehensive loss for the three months ended March 31, 2023, was HKD 4,833,000, significantly lower than HKD 14,637,000 in 2022[6] - The adjusted loss before tax for the period was approximately HKD 5,145,000, compared to a loss of HKD 14,332,000 for the same period last year[14] - The company reported a loss attributable to owners of approximately HKD 4,642,000 for the period, compared to a loss of HKD 13,913,000 for the same period last year[21] Revenue Segmentation - The media and entertainment segment generated revenue of approximately HKD 24,918,000, a 602.11% increase from HKD 3,549,000 in the previous year, primarily due to the organization of two concerts during the review period[26] - The cremation and funeral services segment reported revenue of approximately HKD 7,035,000, a 37.81% increase from HKD 5,105,000 in the previous year, attributed to handling more cremation cases and related value-added services[27] Expenses - Sales, marketing, and distribution expenses increased to HKD 3,137,000 from HKD 884,000, indicating a rise in operational costs[5] - General, administrative, and other expenses were HKD 16,333,000, compared to HKD 14,897,000 in the same period last year[5] - Sales, marketing, and distribution expenses were approximately HKD 3,137,000, an increase of 254.86% from HKD 884,000 in the previous year, accounting for about 9.82% of total revenue[23] - General, administrative, and other expenses were approximately HKD 16,333,000, a 9.64% increase from HKD 14,897,000 in the previous year, mainly due to increased employee benefits[24] Assets and Liabilities - Total assets amounted to HKD 195,205,000, with segment assets of HKD 189,459,000[14] - Total liabilities were HKD 140,005,000, with segment liabilities of HKD 62,961,000[12] Employee and Shareholder Information - As of March 31, 2023, the total employee cost (including director remuneration) was approximately HKD 8,295,000, an increase of 52.5% compared to HKD 5,447,000 for the same period in 2022[29] - The number of employees increased to approximately 93 as of March 31, 2023, compared to 69 as of March 31, 2022[29] - As of March 31, 2023, Mr. Tang holds 25.69% of the issued shares, totaling 538,489,426 shares[31] - Major shareholders include Mr. Tang with 538,489,426 shares (25.69%) and KONGOR Investment Holding Limited with 223,880,000 shares (10.68%) as of March 31, 2023[34] Corporate Governance - The company has complied with the GEM listing rules regarding securities trading by directors, confirming no violations occurred during the three months ending March 31, 2023[37] - The audit committee has reviewed the unaudited performance of the group for the three months ending March 31, 2023[45] - The company has established an audit committee consisting of three independent non-executive directors, ensuring financial control and risk management oversight[44] - The company has adhered to all provisions of the corporate governance code as stipulated by the GEM listing rules during the reporting period[43] Strategic Outlook - In 2023, the economic outlook for Hong Kong and Macau is positive, benefiting from the relaxation of pandemic control measures and gradual border reopening[28] - The group continues to seek investment opportunities and strategic partnerships related to its existing business to maximize shareholder returns[28] - The company aims to create synergies through strategic collaborations and investments[28] Stock Options - The company has granted stock options to directors and employees, with a total of 201,788,800 options outstanding as of March 31, 2023[33] - The exercise price for certain stock options granted to Mr. Zhong is HKD 0.029 per share, with a market price of HKD 0.027 at the time of grant[32] - No stock options were cancelled, lapsed, or forfeited during the three months ended March 31, 2023[33] Dividends - The company did not declare any dividends for the period[5] - The company did not recommend any dividend payment for the three months ended March 31, 2023[19] Competition - Mr. Tang is the sole owner and director of Aurora Entertainment Holdings Limited, which may compete with the company in the media and entertainment sector[38] - Mr. Zhong is a major shareholder and general manager of several entertainment-related companies, which may also pose competition to the group[39] Securities Transactions - No purchases, sales, or redemptions of the company's listed securities occurred during the three months ending March 31, 2023[42] - The company has not engaged in any arrangements for directors to profit from acquiring shares or bonds of the company or any other entity during the reporting period[41] - There are no other individuals with disclosed interests in the company's shares or bonds as of March 31, 2023[35]

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佈之內容概不負責，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佈全部或任何部分內容而產生或因 倚賴該等內容而引致之任何損失承擔任何責任。 YEAH YEAH GROUP HOLDINGS LIMITED （於開曼群島註冊成立並於百慕達存續之有限公司） 8082 （股份代號： ） 截至二零二三年三月三十一日止三個月之第一季度業績公佈 GEM 香港聯合交易所有限公司（「聯交所」） 之特色 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 司帶來較高投資風險。有意投資的人士應了解投資該等公司的潛在風險，並應經過審慎周詳 考慮後方可作出投資決定。 GEM GEM 由於 上市公司普遍為中小型公司，在 買賣的證券可能會較於主板買賣之證券承受 GEM 較大的市場波動風險，同時無法保證在 買賣的證券會有高流通量的市場。 GEM Yeah Yeah Group 本公佈乃遵照香港聯合交易所有限公司 證券上市規則之規定而提供有關 Holdings Limited Yeah Yeah Group Holdings Limited ...

Financial Performance - The total revenue for the fiscal year ended December 31, 2022, was approximately HKD 35,760,000, a decrease of 27.07% from HKD 49,030,000 in the previous year[9]. - The group recorded a loss of approximately HKD 62,590,000 for the year, an improvement from a loss of HKD 71,620,000 in the previous year[9]. - The net asset value per share decreased to HKD 0.030 from HKD 0.058 in the previous year[9]. - Media and entertainment business revenue fell by 54.01% to approximately HKD 16,070,000, down from HKD 34,939,000 in the previous year[19]. - Sales, marketing, and distribution expenses increased by 21.14% to approximately HKD 9,419,000, representing 26.34% of total revenue[16]. - General, administrative, and other expenses rose by 13.97% to approximately HKD 58,548,000, primarily due to property and equipment impairment and increased employee benefits[17]. - Other income and gains increased from approximately HKD 1,101,000 to HKD 1,432,000, mainly due to government subsidies received during the year[15]. - Total revenue for the year ended December 31, 2022, was approximately HKD 19,688,000, an increase of 39.73% compared to HKD 14,090,000 in the previous year[20]. Cash and Assets - As of December 31, 2022, the group's cash and cash equivalents were approximately HKD 47,490,000, down from HKD 114,644,000 a year earlier[21]. - The group's total assets as of December 31, 2022, were approximately HKD 143,684,000, a decrease from HKD 209,706,000 in the previous year[21]. - The group's current ratio as of December 31, 2022, was approximately 2.14, down from 3.38 a year earlier[21]. - The group's debt-to-equity ratio as of December 31, 2022, was 133.76%, compared to 72.49% a year earlier[21]. Corporate Governance - The company has appointed Mr. Tang Caizhi as the Chairman and Mr. Zhong Chulin as the CEO, with clearly defined responsibilities[34]. - The board of directors has established five committees: Audit Committee, Remuneration Committee, Nomination Committee, Risk Management Committee, and Management Committee, each with defined powers and responsibilities[37]. - The Audit Committee is responsible for reviewing the effectiveness of the group's risk management framework and internal control systems, as well as overseeing financial reporting processes[38]. - The board is committed to ensuring that all directors make objective decisions in the best interest of the company[35]. - The company has arranged for directors and senior officers' liability insurance, which is reviewed annually[35]. - The board is responsible for overall management and supervision of significant matters, including operational strategies and risk management systems[35]. Employee and Workforce Management - As of December 31, 2022, the group employed 89 staff members, an increase from 79 the previous year[29]. - The company’s senior management compensation structure includes one member earning over HKD 1,000,000, while no members fall within the HKD 500,000 to HKD 999,999 range[48]. - The company promotes equal opportunities and anti-discrimination policies, ensuring recruitment and promotion are not influenced by non-work-related factors[153][154]. - Employee turnover rate for the fiscal year 2022 is 7.9%, with a breakdown of 8.6% in China and 7.8% in Hong Kong[150]. - The company has implemented a health and safety policy, achieving zero work-related fatalities and zero recorded workplace injuries in the past three years[157]. Sustainability and Environmental Impact - The company aims to integrate stakeholder values into its management approach to contribute to environmental and social causes[75]. - The company has established clear Key Performance Indicators (KPIs) to quantify its environmental and social impacts[79]. - The company has implemented robust occupational health and safety measures, providing psychological counseling for employees facing stress due to the nature of their work[103]. - The company strictly adheres to environmental laws and regulations in Hong Kong and China, ensuring compliance with standards related to air and water pollution[112]. - The company aims to reduce total emissions and greenhouse gas emissions density by 5% in the fiscal year 2023, using fiscal year 2022 as the baseline[120]. Community Engagement and Social Responsibility - The company has a community investment policy that focuses on understanding community needs and ensuring business activities consider community interests[199]. - The company donated RMB 25,000 for the care of disabled individuals and RMB 10,000 to the Zhaoqing Charity Association to assist during the pandemic[192]. - The company has received the "Caring Company" logo from the Hong Kong Council of Social Service and the "Happy Company" logo for its efforts in enhancing workplace happiness[193]. - The company aims to positively impact the community by addressing the urgent needs of impoverished groups through resource allocation[191]. Risk Management and Compliance - The risk management and internal control system is designed to provide reasonable assurance of the reliability of financial reporting and compliance with applicable laws and regulations[59]. - The company has implemented internal systems to manage bribery and corruption risks effectively[189]. - The company has established measures to prevent child labor and forced labor, ensuring compliance with relevant laws and regulations[197]. - The company has reported on the number of corruption lawsuits filed against it or its employees during the reporting period, demonstrating transparency in governance[199].

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佈之內容概不負責，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佈全部或任何部分內容而產生或因 倚賴該等內容而引致之任何損失承擔任何責任。 GEM GEM 本公佈乃遵照香港聯合交易所有限公司 證券上市規則（「 上市規則」）之規定而提供有 Yeah Yeah Group Holdings Limited Yeah Yeah Group Holdings Limited 關 之資料。 各董事願就本公 佈共同及個別承擔全部責任，並經作出一切合理查詢後確認，就彼等所知及所信，本公佈所載 之資料在各重大方面均屬準確及完整，且無誤導或欺詐成份；及本公佈並無遺漏任何其他事 實致使本公佈所載任何聲明產生誤導。 YEAH YEAH GROUP HOLDINGS LIMITED （於開曼群島註冊成立並於百慕達存續之有限公司） 8082 （股份代號： ） 截至二零二二年十二月三十一日止年度之 年度業績公佈 GEM 香港聯合交易所有限公司（「聯交所」） 之特色 GEM 之定位，乃為較於聯交所上市之其他公司帶有更高投資風險之公司提供一個上市之市 場。有意投資之人士應了 ...

Financial Performance - For the three months ended September 30, 2022, the company reported revenue of HKD 9,640,000, a decrease from HKD 11,293,000 in the same period of 2021, representing a decline of approximately 14.6%[9] - The gross profit for the three months ended September 30, 2022, was HKD 4,099,000, compared to HKD 1,289,000 in the same period of 2021, indicating a significant increase in gross profit margin[9] - The company incurred a loss before tax of HKD 9,142,000 for the three months ended September 30, 2022, compared to a loss of HKD 19,740,000 in the same period of 2021, reflecting an improvement of approximately 53.7%[9] - The net loss for the three months ended September 30, 2022, was HKD 9,132,000, a reduction from HKD 19,719,000 in the same period of 2021, indicating a decrease of about 53.8%[9] - For the nine months ended September 30, 2022, total revenue was HKD 25,620,000, down from HKD 35,560,000 in the same period of 2021, representing a decline of approximately 28.0%[9] - The net loss for the nine months ended September 30, 2022, was HKD 34,638,000, compared to HKD 44,426,000 in the same period of 2021, showing an improvement of about 22.1%[9] - The company reported a basic and diluted loss per share of HKD 0.42 for the three months ended September 30, 2022, compared to HKD 1.33 for the same period in 2021, indicating a significant reduction in loss per share[9] - The total comprehensive loss for the three months ended September 30, 2022, was HKD 12,516,000, compared to HKD 19,633,000 in the same period of 2021, reflecting a decrease of approximately 36.1%[11] Revenue Breakdown - For the nine months ended September 30, 2022, total revenue was HKD 25,620,000, with media and entertainment contributing HKD 11,641,000 and cremation and funeral services contributing HKD 13,979,000[20] - Media and entertainment business revenue decreased by 53.74% to HKD 11,641,000 from approximately HKD 25,165,000 year-on-year[40] - Revenue from cremation and funeral services increased by 34.48% to approximately HKD 13,979,000 compared to HKD 10,395,000 in the previous year[41] Expenses and Costs - Sales, marketing, and distribution expenses for the nine months ended September 30, 2022, were approximately HKD 4,905,000, an increase of 20.46% from HKD 4,072,000 in the same period last year[38] - General, administrative, and other expenses decreased by 13.82% to approximately HKD 39,658,000 from HKD 46,015,000 year-on-year[39] - Depreciation and amortization expenses for the nine months were HKD 2,806,000, with HKD 844,000 from media and entertainment and HKD 1,962,000 from cremation and funeral services[20] Strategic Initiatives - The company continues to explore new strategies for market expansion and product development to enhance future performance[9] - The company plans to continue seeking strategic partnerships and exploring investment opportunities to enhance its portfolio and expand revenue sources[44] Shareholder Information - The beneficial ownership of shares as of September 30, 2022, includes Mr. Zhong holding 15,066,000 shares, representing 0.72% of the issued share capital[48] - Major shareholders include Mr. Tang with 517,589,426 shares (24.69%), KONGOR Investment Holding with 223,880,000 shares (10.68%), and New Brilliant Investments with 158,414,496 shares (7.56%) as of September 30, 2022[52] - The total number of unexercised and exercisable share options as of September 30, 2022, was 146,892,200[50] - No share options were cancelled, lapsed, or forfeited during the nine months ended September 30, 2022[51] Corporate Governance - The company has established written guidelines regarding securities trading by directors, confirming compliance with the relevant regulations[57] - The company has complied with all provisions of the corporate governance code as stipulated in the GEM Listing Rules during the nine months ended September 30, 2022[63] - The audit committee has reviewed the unaudited financial performance of the group for the nine months ended September 30, 2022[66] - The audit committee consists of three independent non-executive directors with expertise in accounting, financial management, and legal experience[65] - The company has established an audit committee to oversee financial controls, internal controls, and risk management systems[65] Employment and Assets - As of September 30, 2022, the group employed 97 staff members, an increase from 69 in the same period of 2021, with total employee costs amounting to approximately HKD 16,905,000, up from HKD 12,471,000 in the previous year[46] - Total assets as of September 30, 2022, amounted to HKD 164,563,000, with media and entertainment assets at HKD 93,960,000 and cremation and funeral services assets at HKD 29,473,000[20] - The total liabilities were HKD 79,845,000, with media and entertainment liabilities at HKD 28,176,000 and cremation and funeral services liabilities at HKD 7,700,000[20] Dividends and Financing - The company did not declare any dividends for the periods reported[9] - The company did not recommend any dividend payment for the nine months ended September 30, 2022[29] - The company reported a net financing cost of HKD 948,000 for the period[21] Risk Management - The company has no significant foreign exchange risk as most of its assets are denominated in its functional currencies[45] - There were no mortgaged assets or significant contingent liabilities as of September 30, 2022[47] - There are no known conflicts of interest between the directors, management shareholders, and the company during the reporting period[60] - The company has not engaged in any competitive business activities that may conflict with its operations[60] Publication and Reporting - The report will be published on the GEM website and the company's website for at least seven days from the date of publication[66]

Stock Options and Grants - The fair value of stock options granted during the fiscal year ending December 31, 2021, was HKD 13,362,000, with HKD 1,236,000 granted to directors, HKD 751,000 to employees, and HKD 11,375,000 to consultants[2]. - The total number of shares that may be issued under the new stock option plan is capped at 125,079,800 shares, representing approximately 5.97% of the issued share capital as of the 2021 annual report date[3]. - Participants in the stock option plan must pay a price of HKD 1.00 within a specified timeframe not exceeding 21 days from the grant date[4]. - A total of 1,274,000 share options were granted to Lou Carvalho with an adjusted exercise price of HKD 0.232, valid from April 12, 2021, to April 11, 2024[11]. - 637,000 share options were granted to Ip Ching Fung at an adjusted exercise price of HKD 0.232, with the same exercise period as above[14]. - The company has issued a total of 1,274,000 share options to Yip Yee Cheong Sion, also at an adjusted exercise price of HKD 0.232, valid from April 12, 2022, to April 11, 2025[16]. - A total of 216,580 share options were granted to Ng Pak Ling, also at an adjusted exercise price of HKD 0.232, with the same exercise period as above[16]. - The company granted a total of 14,014,000 adjusted share options to two individuals, with an exercise price of HKD 0.232, valid from April 12, 2022, to April 11, 2025[22]. - The company also issued 1,274,000 adjusted share options to two individuals, with the same exercise price and validity period[22]. - A total of 1,019,200 adjusted share options were granted to one individual, with an exercise price of HKD 0.232, valid from April 12, 2021, to April 11, 2024[25]. - The exercise price for all granted options is set at HKD 0.232, indicating a consistent valuation approach across different grants[22]. - The vesting period for most options is set to one year from the grant date, ensuring alignment with performance incentives[22]. - The company granted 637,000 share options to multiple individuals on April 12, 2021, with an adjusted exercise price of HKD 0.232, vesting over a period of three years[31]. - A total of 14,014,000 share options were granted to Liu Chenghua and Siu Scottie King for their advisory services in the non-fungible token production business, with the same adjusted exercise price of HKD 0.232[34]. - The exercise period for the granted options ranges from April 12, 2022, to April 11, 2025, indicating a long-term commitment to incentivizing key personnel[34]. Strategic Focus and Advisory Services - The share options granted are part of the company's strategy to reward and incentivize advisory services related to its integrated entertainment platform and non-fungible token production business[11]. - The exercise period for the majority of the granted options spans three years, indicating a long-term incentive approach[14]. - The company is focusing on expanding its integrated entertainment platform and exploring potential projects in the non-fungible token sector[11]. - The company aims to enhance its advisory services through these share options, which are linked to performance and project exploration[11]. - The issuance of share options reflects the company's commitment to aligning the interests of its advisors with its long-term growth objectives[11]. - The advisory services provided by the individuals are aimed at enhancing the company's operational support and business development[25]. - The total number of options granted reflects the company's commitment to incentivizing key personnel involved in strategic areas[22]. - The company is actively engaging professionals with relevant expertise to support its growth in the entertainment and funeral service sectors[22]. Governance and Transparency - The company emphasizes that the information provided is accurate and complete, adhering to GEM listing rules, ensuring transparency in its disclosures[36]. - The board of directors includes two executive directors and three independent non-executive directors, reflecting a balanced governance structure[36].

Financial Performance - For the three months ended June 30, 2022, the company reported revenue of HKD 7,326,000, a decrease from HKD 14,315,000 in the same period of 2021, representing a decline of 48.8%[8] - The gross profit for the six months ended June 30, 2022, was HKD 5,884,000, compared to HKD 5,663,000 for the same period in 2021, showing an increase of 3.9%[8] - The company incurred a loss before tax of HKD 11,161,000 for the three months ended June 30, 2022, compared to a loss of HKD 16,101,000 in the same period of 2021, indicating an improvement of 30.3%[8] - The total comprehensive loss for the six months ended June 30, 2022, was HKD 27,073,000, compared to HKD 24,347,000 for the same period in 2021, reflecting an increase in losses of 11.2%[10] - The basic and diluted loss per share for the three months ended June 30, 2022, was HKD 0.49, an improvement from HKD 1.10 in the same period of 2021[8] - The company reported a total loss attributable to owners of the company of HKD 10,307,000 for the three months ended June 30, 2022, compared to HKD 15,915,000 in the same period of 2021, a decrease of 35.5%[8] - The total revenue for the six months ended June 30, 2022, was HKD 15,980,000, down from HKD 24,267,000 in the same period of 2021, a decrease of 34.2%[8] - The company reported a pre-tax loss of HKD 25,493 thousand for the six months ended June 30, 2022, compared to a loss of HKD 24,327 thousand for the same period in 2021[17] - The company reported a net loss of HKD 18,774,000 after accounting for unallocated corporate expenses and financing costs[25] - The group reported a loss of approximately HKD 25,506,000 for the six months ended June 30, 2022, compared to a loss of HKD 24,707,000 in the same period last year[63] Assets and Liabilities - As of June 30, 2022, the total assets amounted to HKD 176,915 thousand, a decrease from HKD 199,422 thousand as of December 31, 2021, representing a decline of approximately 11.3%[11] - The company's cash and cash equivalents decreased to HKD 79,682 thousand from HKD 114,644 thousand, reflecting a reduction of about 30.5%[11] - The total current liabilities decreased to HKD 38,645 thousand from HKD 45,887 thousand, indicating a decrease of approximately 15.8%[11] - The net asset value decreased to HKD 97,234 thousand from HKD 122,320 thousand, a decline of about 20.5%[13] - The total non-current liabilities remained relatively stable at HKD 41,036 thousand compared to HKD 41,499 thousand, showing a slight decrease of about 1.1%[13] - Total assets amounted to HKD 176,915,000, with total liabilities at HKD 79,681,000, resulting in a net asset position[25] Revenue Segmentation - The media and entertainment segment generated revenue of HKD 6,430,000, while the cremation and funeral services segment contributed HKD 9,550,000[25] - Revenue from the media and entertainment segment decreased by 62.51% to approximately HKD 6,430,000 due to cancellations and postponements of entertainment activities[65] - Revenue from cremation and funeral services increased by 34.19% to approximately HKD 9,550,000, driven by higher demand for premium cremation services[66] Expenses and Costs - Employee benefit expenses rose to HKD 13,800,000 for the six months ended June 30, 2022, compared to HKD 8,803,000 in the previous year, representing a 56.8% increase[39] - Sales, marketing, and distribution expenses increased by 54.03% to approximately HKD 3,823,000, representing 23.92% of total revenue[61] - General, administrative, and other expenses were approximately HKD 27,335,000, a slight increase of 0.58% from HKD 27,178,000 in the previous year[62] - The company reported a decrease in inventory costs, with confirmed costs of HKD 289,000 for the six months ended June 30, 2022, down from HKD 422,000 in the previous year, showing improved inventory management[39] Share Capital and Ownership - The average number of issued ordinary shares increased from 1,449,049,000 to 2,096,016,000 shares, reflecting a significant increase in share capital due to a rights issue[38][54] - The total number of shares held by Mr. Zhong is 15,066,000, representing 0.72% of the issued share capital[78] - Mr. Tang holds 776,424,279 shares, accounting for 37.04% of the issued share capital[85] - Mr. Zheng holds 1,294,013,705 shares, which is 61.74% of the issued share capital[88] - New Brilliant Investments Limited, owned by Mr. Xu, holds 158,414,496 shares, representing 7.56% of the issued share capital[88] - The total number of shares held by major shareholders indicates a significant concentration of ownership, with the top three shareholders holding over 100 million shares each[88] Corporate Governance - The company has established written guidelines for directors regarding securities trading, ensuring adherence to GEM listing rules[91] - The company has complied with all provisions of the corporate governance code as stipulated in the GEM Listing Rules during the six months ended June 30, 2022[97] - The audit committee has been established and consists of three independent non-executive directors, ensuring adequate expertise in accounting and financial management[99] - No arrangements were made for directors to profit from acquiring shares of the company or any other entities during the six months ended June 30, 2022[95] - The company did not purchase, sell, or redeem any of its listed securities during the six months ended June 30, 2022[96] - There are no known conflicts of interest between the directors, management shareholders, and the company during the six months ended June 30, 2022[94] Other Information - The company did not declare any dividends for the periods reported[8] - The company did not recognize any deferred tax liabilities for the reporting period[34] - The group did not adopt any new or revised Hong Kong Financial Reporting Standards that would have a significant impact on the financial statements[22] - Government subsidies received during the period amounted to HKD 52,000, with no conditions unmet[32] - The company has not made any adjustments for diluted earnings per share due to the anti-dilutive effect of unexercised share options[41] - The company has not had any stock options canceled, lapsed, or forfeited during the six months ended June 30, 2022[83] - The group employed 90 staff members as of June 30, 2022, compared to 59 in the same period last year, with total employee costs amounting to approximately HKD 13,800,000[75] - The group aims to optimize its integrated entertainment platform, Bookyay, which has over 50,000 registered members and has hosted over 20,000 events[67]

Financial Performance - For the three months ended March 31, 2022, the company reported revenue of HKD 8,654,000, a decrease of 13.0% compared to HKD 9,952,000 for the same period in 2021[5] - The gross profit for the same period was HKD 1,609,000, down 52.8% from HKD 3,408,000 year-on-year[5] - The company recorded a loss before tax of HKD 14,332,000, compared to a loss of HKD 8,226,000 in the previous year, representing a 74.5% increase in losses[5] - The total comprehensive loss for the period was HKD 14,637,000, compared to HKD 8,425,000 in the prior year, indicating a 73.7% increase in total losses[7] - The basic and diluted loss per share was HKD 0.66, compared to HKD 0.55 for the same period last year, reflecting a 20.0% increase in loss per share[5] - The company reported other income of HKD 178,000, down from HKD 380,000 in the previous year, a decrease of 53.4%[5] - The loss for the period was approximately HKD 14,349,000, compared to a loss of approximately HKD 8,372,000 for the three months ended March 31, 2021[30] Revenue Segmentation - The media and entertainment segment generated revenue of HKD 3,549,000, while the cremation and funeral services segment generated revenue of HKD 5,105,000 for the three months ended March 31, 2022[15] - Media and entertainment segment revenue for the three months ended March 31, 2022, was approximately HKD 3,549,000, a decrease of 43.49% compared to approximately HKD 6,280,000 in the same period last year due to the postponement of certain entertainment activities[31] - Cremation and funeral services revenue for the same period was approximately HKD 5,105,000, an increase of 39.03% from approximately HKD 3,672,000 year-on-year, driven by higher demand for premium cremation services and the introduction of new value-added funeral services[33] Expenses and Costs - The selling, marketing, and distribution expenses were HKD 884,000, a decrease of 8.5% from HKD 963,000 in the prior year[5] - General, administrative, and other expenses for the three months ended March 31, 2022, were approximately HKD 14,897,000, an increase of 38.29% from HKD 10,772,000 in the same period last year, mainly due to non-cash equity-settled share option expenses and IT expenses related to the development of an entertainment platform[29] - Total employee costs for the three months ended March 31, 2022, amounted to approximately HKD 5,447,000, compared to HKD 3,443,000 for the same period last year, reflecting an increase in workforce[36] Equity and Assets - The company’s total equity as of March 31, 2022, was HKD 109,454,000, a decrease from HKD 122,320,000 at the beginning of the year[8] - Total assets as of March 31, 2022, amounted to HKD 189,766,000, with segment assets of HKD 107,835,000[15] - The total liabilities as of March 31, 2022, were HKD 80,313,000, with segment liabilities of HKD 35,276,000[15] Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[57] - The audit committee consists of three independent non-executive directors with expertise in accounting and finance[59] - The company has established a comprehensive financial control and risk management system[59] - There were no reported conflicts of interest among directors and management during the reporting period[54] - The company has not engaged in any arrangements for directors to profit from acquiring shares or bonds[55] - The company has adhered to all relevant trading regulations without any violations during the reporting period[51] Strategic Outlook - The company is optimistic about the recovery of the entertainment industry and expects gradual improvement in performance in the second half of 2022[34] - The company plans to continue seeking strategic partnerships and investment opportunities to enhance its entertainment-related project portfolio and expand revenue sources[35] - The company will focus on high-quality entertainment projects with proven track records to address market challenges and seize opportunities[35] Shareholder Information - The company’s major shareholders collectively held 61.74% of the issued share capital, with the largest shareholder owning 37.04%[40] - Major shareholders include Mr. Tang with 24.70% and Mr. Zhou with 37.04% of the issued share capital[46] - New Brilliant Investments Limited holds 7.56% of the shares, fully owned by Mr. Xu[46] - Mr. Xu also controls 9.99% through other entities, totaling 11.80% held by Mr. Chan[46] Miscellaneous - The company did not declare any dividends for the period, consistent with the previous year[5] - No stock options were canceled, lapsed, or forfeited during the three months ended March 31, 2022[41] - No purchases, sales, or redemptions of the company's listed securities occurred during the reporting period[56] - The group reviewed its unaudited performance for the three months ended March 31, 2022[60] - The board includes two executive directors and three independent non-executive directors[60] - The report will be published on the GEM website and the company's website for at least 7 days from the publication date[60]

Financial Performance - Total revenue for the year ended December 31, 2021, was approximately HKD 49,030,000, an increase of 68.51% from HKD 29,095,000 in the previous year[12] - The group recorded a loss of approximately HKD 71,620,000 for the year, compared to a loss of HKD 30,680,000 in 2020[7] - The loss attributable to owners of the company was approximately HKD 69,140,000, up from HKD 30,540,000 in the previous year[7] - As of December 31, 2021, the equity attributable to owners of the company was approximately HKD 120,540,000, compared to HKD 61,360,000 in 2020[7] - The net asset value per share was HKD 0.058, an increase from HKD 0.050 in the previous year[7] - Cash and cash equivalents as of December 31, 2021, were approximately HKD 114,644,000, up from HKD 34,037,000 a year earlier, with total assets increasing to approximately HKD 209,706,000 from HKD 118,935,000[15] - The group’s current ratio as of December 31, 2021, was approximately 3.38, compared to 2.53 a year earlier, indicating improved liquidity[15] - The asset-liability ratio as of December 31, 2021, was 72.49%, down from 91.18% a year earlier, indicating improved financial stability[15] Business Operations - The company launched a comprehensive entertainment platform named "Bookyay," which integrates online streaming content, ticketing systems, consumer products, and membership systems[9] - By early 2022, Bookyay had over 45,000 registered members from various regions, including Hong Kong, Macau, and the United States[9] - Bookyay collaborated with approximately 100 event organizers to host over 10,000 events, with participation exceeding 82,000 individuals[9] - The company plans to further optimize the Bookyay platform and form strategic alliances with business partners to enhance user experience[9] - The group aims to focus on high-quality entertainment projects with strong track records and explore strategic alliances and investment opportunities to expand revenue sources[7] - Total revenue from the media and entertainment business for the year ended December 31, 2021, was approximately HKD 34,939,000, a 96.87% increase from HKD 17,747,000 in the previous year, driven by concerts and other entertainment activities[14] - The cremation and funeral services business reported total revenue of approximately HKD 14,090,000 for the year, a 24.16% increase from HKD 11,348,000 in the previous year, attributed to higher demand for premium cremation services[14] Governance and Compliance - The board of directors consists of four members, including two executive directors and two independent non-executive directors, following the resignation of Mr. Ding Jielin[28] - The company has complied with GEM Listing Rules regarding the appointment of at least three independent non-executive directors, even after the resignation of Mr. Ding[28] - Dr. Ye Weixiong was appointed as an independent non-executive director and committee chair effective September 1, 2021, ensuring compliance with GEM Listing Rules[28] - The audit committee is composed of three independent non-executive directors, responsible for reviewing accounting policies and overseeing the financial reporting process[35] - The audit committee's key responsibilities include monitoring the effectiveness of financial controls, internal controls, and risk management systems[35] - The company has established a risk management committee to oversee risk management strategies and ensure effective governance practices[33] - The company has a clear separation of roles between the chairman and the CEO to ensure effective governance[31] - The board is responsible for overall management and oversight of significant matters, including operational strategies and risk management systems[32] - The company conducts annual reviews of its directors' and senior executives' liability insurance[32] Risk Management - The company’s risk management committee evaluated the effectiveness of the risk management framework and internal control systems during 2021[40] - The company’s audit committee reviewed the effectiveness of the risk management system and significant investment projects[44] - The board reviews the effectiveness of the risk management and internal control systems at least annually through the audit and risk management committees[71] - The group has established a three-line defense for risk management, with business units identifying and monitoring risks as the first line[71] - Internal audits assess the adequacy and effectiveness of risk management and internal control systems, reporting findings to the audit committee[73] Sustainability and ESG - The company is committed to sustainable development and has established a governance framework to address environmental, social, and governance (ESG) issues[87] - The company adheres to the GEM listing rules and has presented its ESG report for the fiscal year ending December 31, 2021[80] - The company emphasizes stakeholder engagement and has identified three key themes of significant importance for future decision-making[82] - The company has implemented a quantitative approach to measure its ESG performance using defined key performance indicators[83] - The company aims to maintain its competitive edge while addressing potential ESG risks and opportunities[87] - The board of directors is responsible for overseeing the effectiveness of the company's ESG policies and strategies[87] - The company has committed to continuous improvement in its sustainability performance despite challenges posed by the pandemic[88] - The company is focusing on sustainable development goals, particularly goal 3, to create a healthier future for humanity[89] Employee Welfare and Training - The group employed 79 staff members as of December 31, 2021, compared to 57 in the previous year, reflecting growth in operations[21] - The employee turnover rate for the fiscal year 2021 was 10.0%, with 8 employees leaving in Hong Kong, resulting in a turnover rate of 20.0% in that region[146][148] - A total of 38 employees received 2,400 hours of training during the fiscal year 2021, with over 50% of the trainees being general staff[165] - The group emphasized the importance of training as a strategic investment for long-term development and employee growth[164] - The group organized various activities to promote a healthy work-life balance among employees[156] - The group actively supported breastfeeding-friendly workplace initiatives as part of its commitment to employee welfare[155] Community Engagement - The company donated HKD 749,135 to J Life Foundation Limited to support low-income families and single-parent households[198] - The company received the "Caring Company" logo from the Hong Kong Council of Social Service for its efforts in community support[199] - The company has been recognized as a "Civilized Unit" by local authorities and certified as a "Level 2 Funeral Home" by the Guangdong Provincial Civil Affairs Department[188] Environmental Impact - The total greenhouse gas emissions for the fiscal year 2021 amounted to 425.3 tons, with a density of 5.3 tons of CO2 equivalent per employee[109] - The company generated a total of 2,396.3 kilograms of non-hazardous solid waste during the fiscal year 2021, with no significant hazardous waste recorded[109] - The company has implemented strict occupational health and safety measures to ensure employee well-being, particularly in response to the ongoing COVID-19 pandemic[101] - The company has adopted measures to manage climate-related issues and protect natural resources, complying with relevant environmental laws and regulations in Hong Kong and China[107] - The company has focused on enhancing the transparency and traceability of raw material procurement to positively impact biodiversity and the environment[104]