Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 107,206,000, a significant increase of 160.4% compared to HKD 41,177,000 for the same period in 2023[3] - Gross profit for the same period was HKD 43,185,000, up from HKD 21,262,000, reflecting a gross margin improvement[3] - The net loss for the six months ended June 30, 2024, was HKD 8,598,000, an improvement from a net loss of HKD 14,000,000 in the prior year[4] - The basic and diluted loss per share for the six months ended June 30, 2024, was HKD 0.31, compared to HKD 0.63 for the same period in 2023[3] - Other income and gains for the period were HKD 1,100,000, up from HKD 615,000 in the previous year, indicating diversification in revenue streams[3] - The company reported a total comprehensive loss of HKD 14,596,000 for the period, which includes a loss of HKD 13,164,000 from the period and an exchange difference of HKD (519,000)[6] - The company reported a pre-tax loss of HKD 7,030,000 for the six months ended June 30, 2024, compared to a pre-tax loss of HKD 13,164,000 in the same period of 2023, indicating a reduction in losses[15] - The company reported a loss attributable to owners of HKD 7,030,000 for the six months ended June 30, 2024, an improvement from a loss of HKD 13,164,000 in the same period of 2023[15] Assets and Liabilities - Total assets as of June 30, 2024, amounted to HKD 153,251,000, compared to HKD 119,014,000 as of December 31, 2023, indicating growth in current assets[5] - Current liabilities increased to HKD 104,196,000 from HKD 78,742,000, primarily due to higher trade payables[5] - The company’s total liabilities as of June 30, 2024, were HKD 143,625,000, with the media and entertainment segment liabilities at HKD (82,549,000) and cremation and funeral services segment liabilities at HKD (14,462,000)[9] - The asset-liability ratio as of June 30, 2024, was 400.33%, slightly improved from 409.76% as of December 31, 2023[35] Equity and Shareholder Information - The company's equity increased to HKD 37,422,000 as of June 30, 2024, compared to HKD 31,405,000 at the end of 2023, reflecting improved financial health[5] - The company’s equity attributable to owners decreased to HKD 48,855,000 as of June 30, 2024, from HKD 62,538,000 as of January 1, 2023[6] - The major shareholder, Mr. Tang, holds 538,489,426 shares, representing 21.41% of the issued share capital[42] - The largest shareholder, Qingyang Development Limited, holds 419,000,000 shares, accounting for 16.66% of the issued share capital[42] Revenue Segmentation - For the six months ended June 30, 2024, total revenue was HKD 107,206,000, with media and entertainment segment contributing HKD 98,254,000 and cremation and funeral services segment contributing HKD 8,952,000[9] - Revenue from concert and entertainment activities surged to HKD 78,822,000, compared to HKD 25,068,000 in the previous year, marking a growth of 214%[11] - Media and entertainment segment revenue reached approximately HKD 98,254,000, a significant increase of 238.19% from HKD 29,053,000 in the previous year[32] Expenses - Employee benefit expenses rose to HKD 22,865,000 for the period, compared to HKD 16,004,000 in the same period of 2023, representing an increase of 42%[17] - General and administrative expenses increased by 24.29% to approximately HKD 36,474,000 from HKD 29,345,000, primarily due to severance payments related to the termination of a business agreement[29] - Sales, marketing, and distribution expenses were approximately HKD 3,038,000, a decrease of 16.12% from HKD 3,622,000, accounting for about 2.83% of total revenue[28] Cash and Investments - As of June 30, 2024, the company had cash and bank balances of approximately HKD 45,396,000, up from HKD 33,308,000 as of December 31, 2023[35] - The company completed the sale of Hong Kong Wanfu Investment Limited for a total consideration of HKD 3,800,000 on August 13, 2024[26] Strategic Developments - The company plans to establish a wholly-owned subsidiary to enhance strategic development in the new energy sector, particularly in mainland China[34] Compliance and Governance - The company has confirmed compliance with securities trading regulations as of June 30, 2024, with no violations reported[44] - The Audit Committee has been established to oversee financial controls and risk management, consisting of three independent non-executive directors[49] - The Audit Committee reviewed the unaudited performance of the group for the six months ending June 30, 2024[50] Employee and Share Options - The company employed 94 staff members as of June 30, 2024, a slight decrease from 97 employees as of June 30, 2023[37] - The company has a total of 135,407,000 stock options available as of June 30, 2024, after accounting for 39,366,600 options that were cancelled or lapsed during the period[41] - The company’s employee and consultant stock options total 91,607,000 after accounting for cancellations, indicating ongoing employee incentive programs[41] Foreign Exchange and Risk Management - The company does not have a foreign currency policy to hedge against currency risks related to its overseas business investments, although most assets are denominated in HKD, RMB, or TWD, minimizing significant foreign exchange risk[36] - The company has not reported any major foreign exchange risks due to the functional currencies of its assets[36]

Financial Performance - The total revenue for the fiscal year ending December 31, 2023, increased by approximately 525.27% to HKD 223,580,000, compared to HKD 35,760,000 in the previous year[7]. - The gross profit rose from approximately HKD 8,320,000 to HKD 91,055,000, driven by increased concert investments and significantly higher attendance rates[12]. - The media and entertainment segment's revenue surged by 1,163.15% to approximately HKD 202,989,000, up from HKD 16,070,000 in the prior year, due to more events and higher attendance[17]. - The cremation and funeral services segment reported a slight revenue increase of 4.60% to approximately HKD 20,594,000, compared to HKD 19,688,000 in the previous year[18]. - The loss attributable to owners for the year was approximately HKD 31,610,000, an improvement from a loss of HKD 58,450,000 in 2022[7]. Concert and Event Management - The company organized 8 concerts in the year, compared to 2 concerts in 2022, and invested in 42 concerts, up from 18 in the previous year[17]. - The total revenue from the media and entertainment business for the year ended December 31, 2023, was approximately HKD 202,989,000, an increase of 1,163.15% compared to approximately HKD 16,070,000 in the same period last year[164]. - The company organized 8 concerts during the year, up from 2 concerts in 2022, and invested in 42 concerts, compared to 18 concerts in the previous year[164]. Expenses and Cost Management - Sales, marketing, and distribution expenses decreased by 34.58% to approximately HKD 6,162,000, representing 2.76% of total revenue, down from 26.34% in 2022[14]. - General and administrative expenses increased by 13.63% to approximately HKD 67,327,000, primarily due to higher employee benefits and expanded share-based payment expenses[15]. Assets and Liabilities - As of December 31, 2023, the group's cash and cash equivalents amounted to approximately HKD 33,308,000, a decrease of 29.7% from HKD 47,490,000 on December 31, 2022[19]. - The total assets of the group were approximately HKD 150,288,000, an increase of 4.1% from HKD 143,684,000 on December 31, 2022[19]. - The group's current ratio was approximately 1.51 times, down from 2.14 times on December 31, 2022[19]. - The debt-to-equity ratio as of December 31, 2023, was 409.76%, significantly higher than 133.76% on December 31, 2022[19]. Shareholder and Capital Management - The group completed a rights issue, issuing 845,217,664 new shares at a subscription price of HKD 0.14 per share, raising approximately HKD 116,400,000 net of expenses[21]. - The actual use of funds from the rights issue included HKD 36.8 million for media and entertainment business investments, exceeding the original estimate of HKD 31 million[23]. - The board of directors did not recommend the payment of dividends for the year ended December 31, 2023, consistent with the previous year[161]. - The company has no distributable reserves available for shareholders as of December 31, 2023[170]. Governance and Compliance - The board of directors consists of two executive directors and three independent non-executive directors, complying with GEM listing rules regarding board composition[31]. - The board has established four committees: Audit Committee, Remuneration Committee, Nomination Committee, and Management Committee, with clearly defined powers and responsibilities[35]. - The Audit Committee reviewed and evaluated the effectiveness of the group's risk management framework and internal control systems[36]. - The company secretary assists the board in preparing meeting notices and agendas, ensuring compliance with corporate governance practices[39]. - The board regularly meets to discuss and formulate overall strategic directions and objectives, approving annual, interim, and quarterly performance[39]. Risk Management - The internal audit has established a three-year internal audit plan based on the company's risk assessment results[61]. - The company has implemented anti-fraud and anti-money laundering policies to support anti-corruption laws and regulations[62]. - The risk management system includes identifying, assessing, and monitoring risks associated with business operations[58]. - The company has established a risk register and internal audit plan to monitor and review key controls and testing frequencies[60]. Environmental, Social, and Governance (ESG) - The company is committed to creating sustainable value for stakeholders and has established an ESG working group to oversee environmental, social, and governance matters[73]. - Key performance indicators (KPIs) are used to quantify the company's environmental and social impacts, with clear methodologies and data presentation for better understanding[77]. - The ESG report aims to provide a comprehensive view of the company's sustainability performance, highlighting achievements and areas for improvement without selective information[78]. - In the fiscal year 2023, the total greenhouse gas emissions from the company amounted to 315.90 tons of CO2 equivalent, a decrease from 512.3 tons in the previous year, representing a reduction of approximately 38.3%[87]. - The company aims to reduce its total emissions and greenhouse gas emissions density by 5% in the fiscal year 2024, using fiscal year 2023 as the baseline[90]. Employee Management and Training - As of December 31, 2023, the group employed 91 staff members, an increase from 89 staff members on December 31, 2022[27]. - A total of 40 employees received training, amounting to 2,561 hours, which represents 53.85% of the total workforce[121]. - The average training hours for male employees is 32.51 hours, while for female employees it is 20.82 hours[125]. - The company has recorded zero work-related fatalities and zero lost workdays due to injuries in the past three years[118]. - The company emphasizes a safe working environment and has implemented health and safety policies in compliance with relevant laws[117]. Community Engagement and Social Responsibility - The company sponsored RMB 30,400 for the care of disabled individuals, children, and the elderly in Huai Ji County in fiscal year 2023[149]. - The company received the "Caring Company" logo from the Hong Kong Council of Social Service and the "Happy Company" logo for its efforts in promoting a happy workplace[150]. - The company is committed to promoting eco-friendly funeral practices and plans to expand this culture in the coming years[140]. Share Options and Incentives - The total number of options granted under the new share option scheme is 7,887,600 shares, with no options granted during the year ended December 31, 2023[177]. - The total number of unexercised options as of December 31, 2023, is 174,773,600, which is approximately 8.34% of the issued shares[178]. - The maximum number of shares that can be issued under the new share option scheme is 125,079,800, equivalent to about 5.97% of the issued share capital as of the report date[177]. - The company has a total of 0 shares granted under the new share option scheme for the year ended December 31, 2023[177].

Financial Performance - For the year ended December 31, 2023, the company reported revenue of HKD 223,583,000, a significant increase from HKD 35,758,000 in the previous year, representing a growth of 525%[4] - The gross profit for the year was HKD 91,055,000, compared to HKD 8,320,000 in the prior year, indicating a substantial improvement in profitability[4] - The company incurred a loss before tax of HKD 32,292,000, which is an improvement from a loss of HKD 61,678,000 in the previous year[4] - The total comprehensive loss for the year was HKD 32,236,000, down from HKD 65,600,000 in the previous year, reflecting a reduction in overall losses[5] - Basic and diluted loss per share was HKD 1.51, compared to HKD 2.79 in the previous year, indicating a decrease in loss per share[5] - The adjusted loss before tax for the group was HKD 32,292,000, compared to a loss of HKD 61,678,000 in the previous year, indicating an improvement in financial performance[16] - The company reported a loss attributable to owners of HKD 31,614,000 for the year ended December 31, 2023, compared to a loss of HKD 58,452,000 in the previous year[32] Assets and Liabilities - Non-current assets decreased to HKD 31,274,000 from HKD 49,152,000, primarily due to reductions in property, plant, and equipment[7] - Current assets increased to HKD 119,014,000 from HKD 94,532,000, driven by higher investments in concert and entertainment projects[7] - The company's total liabilities increased, with current liabilities rising to HKD 78,742,000 from HKD 44,181,000, reflecting increased financial obligations[7] - The net asset value decreased to HKD 31,405,000 from HKD 60,033,000, indicating a decline in the company's equity position[8] - The total assets of the group amounted to HKD 150,288,000, with segment assets of HKD 146,142,000, reflecting a growth from HKD 143,684,000 in 2022[16][18] - Total trade receivables increased to HKD 22,622,000 in 2023 from HKD 18,788,000 in 2022, with a provision for losses of HKD 10,804,000[35] Revenue Segments - The media and entertainment segment generated external customer contract revenue of HKD 196,257,000, while the cremation and funeral services segment contributed HKD 14,525,000, totaling HKD 210,782,000 in external revenue[16] - The media and entertainment business revenue reached approximately HKD 202,989,000, a significant increase of 1,163.15% from HKD 16,070,000 in the prior year[49] - The company reported a significant increase in external customer contract revenue from Hong Kong, which rose to HKD 45,224,000 in 2023 from HKD 14,623,000 in 2022, marking a growth of approximately 209%[19] Operational Costs - The cost of goods sold for the year was HKD 314,000, up from HKD 112,000 in 2022, indicating increased operational costs[30] - The company’s employee benefits expenses, including salaries and bonuses, rose to HKD 30,969,000 in 2023 from HKD 27,497,000 in 2022[30] - The depreciation of property, plant, and equipment increased to HKD 4,285,000 in 2023 from HKD 3,492,000 in 2022, reflecting higher asset utilization[30] - General and administrative expenses rose by 13.63% to approximately HKD 67,327,000, primarily due to increased employee benefits and share-based payment expenses[46] Investments and Future Outlook - The company invested HKD 4,835,000 in property, plant, and equipment during the year, compared to HKD 4,012,000 in 2022, reflecting an increase in capital expenditure[16][18] - The company expects economic recovery and growth in the concert and live entertainment sector in 2024, with participation in multiple upcoming performances[51] - The group will continue to focus on exploring potential media and entertainment business investment opportunities, as well as cremation and funeral services investments to enhance its business portfolio[54] Governance and Compliance - The company has not yet applied new accounting standards that have been issued but are not yet effective, and it is currently assessing their potential impact[11] - The company has complied with all applicable corporate governance code provisions as of the performance announcement date[61] - The audit committee has reviewed the group's annual performance announcement for the year ended December 31, 2023[64] - The group's auditor confirmed that the figures in the preliminary announcement are consistent with the audited financial statements for the year ended December 31, 2023[65] Employee and Management - As of December 31, 2023, the group employed 91 staff members, an increase from 89 staff members as of December 31, 2022[58] - The company expresses gratitude to all employees and the management team for their contributions during the period[68] - The board of directors will take appropriate measures to review the board structure and composition to enhance diversity by appointing a director of a different gender by December 31, 2024[61] Miscellaneous - The company did not recommend any dividend for the year, consistent with the previous year[31] - The company reported a loss from joint ventures of HKD 675,000, indicating ongoing challenges in this area[16] - The company recorded a net impairment of trade receivables and other receivables amounting to HKD 1,633,000, compared to HKD 2,074,000 in the previous year, showing a decrease in impairment losses[16][18] - Cash and cash equivalents as of December 31, 2023, were approximately HKD 33,308,000, down from HKD 47,490,000 in the previous year[53] - The current ratio decreased to 1.51 times from 2.14 times in the previous year, indicating a decline in liquidity[53] - Contract liabilities decreased from HKD 7,393,000 in 2022 to HKD 1,155,000 in 2023, with significant revenue recognition from prior year liabilities[41] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the year ended December 31, 2023[60] - The annual performance announcement for the year ended December 31, 2023, is available on the Hong Kong Stock Exchange website and the company's website[66] - The group has no pledged assets or significant contingent liabilities as of December 31, 2023[59]

Financial Performance - For the three months ended September 30, 2023, the company reported revenue of HKD 163,846,000, a significant increase from HKD 9,640,000 in the same period of 2022, representing a growth of 1,598%[5] - The gross profit for the same period was HKD 60,368,000, compared to HKD 4,099,000 in 2022, indicating a growth of 1,373%[5] - The company recorded a profit before tax of HKD 4,580,000 for the three months ended September 30, 2023, compared to a loss of HKD 9,142,000 in the same period of 2022[5] - The net profit attributable to the owners of the company for the three months was HKD 2,867,000, a turnaround from a loss of HKD 8,790,000 in the same period of the previous year[5] - For the nine months ended September 30, 2023, the company reported a total revenue of HKD 205,023,000, up from HKD 25,620,000 in 2022, marking an increase of 704%[5] - The net loss attributable to the owners for the nine months was HKD 10,297,000, an improvement from a loss of HKD 33,010,000 in the same period of 2022[5] - The company reported total comprehensive income of HKD 2,127,000 for the three months ended September 30, 2023, compared to a loss of HKD 12,516,000 in the same period of 2022[6] - The company’s basic and diluted earnings per share for the three months ended September 30, 2023, was HKD 0.14, compared to a loss per share of HKD 0.42 in the same period of 2022[5] Segment Performance - For the nine months ended September 30, 2023, total revenue from the media and entertainment segment was HKD 188,607,000, while the cremation and funeral services segment generated HKD 16,416,000, totaling HKD 205,023,000[14] - For the nine months ended September 30, 2022, the media and entertainment segment reported a revenue of HKD 11,641,000, while the cremation and funeral services segment had HKD 13,979,000, totaling HKD 25,620,000[15] - Media and entertainment business revenue reached HKD 188,607,000, a significant increase of 1,520.20% from approximately HKD 11,641,000 year-on-year[28] - Revenue from cremation and funeral services was approximately HKD 16,416,000, up 17.43% from approximately HKD 13,979,000 in the previous year[29] Expenses and Losses - Selling, marketing, and distribution expenses for the nine months were approximately HKD 5,805,000, an increase of 18.35% from HKD 4,905,000 last year, representing 2.83% of total revenue[25] - General and administrative expenses were approximately HKD 45,806,000, up 14.03% from approximately HKD 40,171,000 in the previous year[26] - The adjusted loss before tax for the nine months ended September 30, 2023, was HKD 9,361,000, with net expenses from corporate and other unallocated costs amounting to HKD 10,360,000 and financing costs of HKD 2,332,000[14] - The adjusted loss before tax for the nine months ended September 30, 2022, was HKD 34,635,000, with net expenses from corporate and other unallocated costs of HKD 7,743,000 and financing costs of HKD 1,006,000[15] Assets and Liabilities - The total assets as of September 30, 2023, were HKD 284,587,000, which includes segment assets of HKD 277,174,000 and unallocated corporate assets of HKD 7,413,000[14] - The total liabilities as of September 30, 2023, were HKD 237,023,000, with segment liabilities of HKD 161,347,000 and unallocated corporate liabilities of HKD 75,676,000[14] Corporate Governance - The company has established written guidelines for securities trading by directors, ensuring compliance with GEM Listing Rules[40] - The company has established an audit committee consisting of three independent non-executive directors, ensuring expertise in accounting, financial management, and legal experience[47] - The audit committee is responsible for reviewing the group's financial controls, internal controls, and risk management systems, as well as overseeing the integrity of financial statements[47] - The company has complied with all provisions of the corporate governance code as stipulated in the GEM Listing Rules during the nine months ending September 30, 2023[46] - There are no known interests or potential conflicts of interest among directors, management shareholders, or their associates related to competitive businesses as of September 30, 2023[43] Shareholder Information - As of September 30, 2023, Mr. Tang holds 538,489,426 shares, representing 25.69% of the issued share capital[36] - KONGOR Investment Holding Limited, fully owned by Mr. Xu, holds 369,374,496 shares, accounting for 17.62% of the issued share capital[36] - A total of 201,788,800 stock options were granted, with 26,378,200 options being cancelled or expired during the nine months ended September 30, 2023[35] - The total number of stock options available for exercise as of September 30, 2023, is 175,410,600[35] - The company has not disclosed any other individuals with significant shareholdings exceeding 5% as of September 30, 2023[39] Future Plans - The company plans to actively seek investment opportunities and strategic collaborations related to its existing business to maximize shareholder returns[30] Compliance and Reporting - The company did not declare any dividends for the periods reported[5] - The company did not recommend any dividend payments for the nine months ended September 30, 2023[20] - The company has not disclosed any new product or technology developments, market expansions, or mergers and acquisitions in the provided documents[42] - The company did not adopt any new or revised Hong Kong Financial Reporting Standards that would have a significant impact on the financial statements during the reporting period[9] - The company’s accounting policies and methods for preparing the financial statements remain consistent with those adopted in the annual report for the year ended December 31, 2022[8]

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，並明確表示概不對因本公佈全部或任何部份內容而產生或因 倚賴該等內容而引致之任何損失承擔任何責任。 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： ） 截至二零二三年九月三十日止九個月之第三季度業績公佈 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 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光尚文化控股有 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 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： ） (1) 有關 截至二零二二年十二月三十一日止年度年報；及 (2) 截至二零二三年六月三十日止六個月中期報告之補充公佈 (1) 茲提述 光尚文化控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）於二零二三年三 (2) 月三十一日所刊發之截至二零二二年十二月三十一日止年度年報（「二零二二年年報」）；及 本公司於二零二三年八月十四日刊發之截至二零二三年六月三十日止六個月中期報告（「二零 二三年中期報告」）。除文義另有所指外，本公佈所用詞彙與二零二二年年報及二零二三年中 期報告所界定者具有相同涵義。 除二零二二年年報及二零二三年中期報告所提供之 ...

Financial Performance - Revenue for the three months ended June 30, 2023, was HKD 9,224,000, an increase of 26% compared to HKD 7,326,000 for the same period in 2022[5] - Gross profit for the six months ended June 30, 2023, was HKD 21,262,000, significantly up from HKD 5,884,000 in the same period last year, representing a growth of 261%[5] - The company reported a net loss of HKD 8,838,000 for the three months ended June 30, 2023, an improvement from a loss of HKD 11,157,000 in the same period of 2022, reflecting a reduction of 21%[6] - Total revenue for the six months ended June 30, 2023, was HKD 41,177,000, a significant increase from HKD 15,980,000 for the same period in 2022, representing a growth of 158.5%[18] - The company reported a loss before tax of HKD 13,941,000 for the six months ended June 30, 2023, compared to a loss of HKD 25,493,000 for the same period in 2022, indicating an improvement of 45.5%[18] - The company incurred a net loss attributable to owners of HKD 13,164,000 for the six months ended June 30, 2023, compared to a loss of HKD 24,220,000 for the same period in 2022, reflecting a reduction of 45.5%[26] Assets and Liabilities - Total current assets increased to HKD 233,497,000 as of June 30, 2023, compared to HKD 94,532,000 at the end of 2022, indicating a growth of 147%[7] - Total liabilities increased to HKD 197,496,000 as of June 30, 2023, compared to HKD 44,181,000 at the end of 2022, representing a significant rise of 347%[7] - The company’s non-current assets totaled HKD 48,573,000 as of June 30, 2023, slightly down from HKD 49,152,000 at the end of 2022[7] - As of June 30, 2023, the company's total equity decreased to HKD 45,437,000 from HKD 60,033,000 as of December 31, 2022, representing a decline of approximately 24.4%[8] - Total assets increased to HKD 282,070,000 as of June 30, 2023, up from HKD 176,915,000 as of June 30, 2022, marking a growth of 59.5%[18] Cash Flow and Investments - The company reported a significant increase in investments in concert and entertainment projects, rising to HKD 46,624,000 from HKD 14,583,000, an increase of 219%[7] - The company recorded a net cash outflow from operating activities of HKD 32,860,000 for the six months ended June 30, 2023, which is similar to the outflow of HKD 32,828,000 in the prior year[10] - The company’s cash flow from financing activities showed a net inflow of HKD 59,691,000 for the six months ended June 30, 2023, compared to a net outflow of HKD 214,000 in the previous year[11] - The company has no pledged assets or significant contingent liabilities as of June 30, 2023[52] Expenses - General, administrative, and other expenses were approximately HKD 31,026,000, an increase of 13.50% from HKD 27,335,000 in the prior year[41] - Sales, marketing, and distribution expenses for the six months were approximately HKD 3,622,000, a decrease of 5.26% from HKD 3,823,000 in the previous year, accounting for 8.80% of revenue[40] - Depreciation and amortization expenses for the six months ended June 30, 2023, totaled HKD 2,966,000, compared to HKD 1,472,000 for the same period in 2022, representing an increase of 101.5%[18] Shareholder Information - Mr. Tang holds 538,489,426 shares, representing 25.69% of the issued share capital[55] - KONGOR Investment Holding Limited, controlled by Mr. Xu, holds 223,880,000 shares, accounting for 10.68% of the issued share capital[55] - New Brilliant Investments Limited, also controlled by Mr. Xu, has 158,414,496 shares, which is 7.56% of the issued share capital[55] - The total number of stock options granted and exercisable as of June 30, 2023, is 175,410,600[54] - The total number of stock options held by employees and consultants is 146,522,800, after accounting for cancellations[54] Corporate Governance - The company has established written guidelines for directors regarding securities trading, ensuring compliance with GEM listing rules[57] - The company has complied with all provisions of the corporate governance code as stipulated in the GEM Listing Rules for the six months ended June 30, 2023[63] - The audit committee has reviewed the unaudited performance of the group for the six months ended June 30, 2023[65] - The audit committee consists of three independent non-executive directors with expertise in accounting, financial management, and legal experience[64] Market Outlook - In 2023, the economic outlook for Hong Kong and Macau is positive, benefiting from the relaxation of COVID-19 control measures and gradual border reopening[45] - The company plans to reallocate approximately HKD 35 million for investment in media and entertainment business due to improved conditions post-COVID-19[48]

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 ...