Financial Performance - For the three months ended June 30, 2021, the company reported revenue of HKD 14,315,000, compared to HKD 2,121,000 for the same period in 2020, representing a significant increase[5]. - The gross profit for the six months ended June 30, 2021, was HKD 5,663,000, up from HKD 2,933,000 in the same period of 2020, indicating a growth of 93.5%[5]. - The company recorded a loss before tax of HKD 16,101,000 for the three months ended June 30, 2021, compared to a loss of HKD 5,797,000 in the same period of 2020[5]. - Total comprehensive loss for the six months ended June 30, 2021, was HKD 24,347,000, compared to HKD 13,691,000 for the same period in 2020, reflecting an increase in losses[7]. - The company reported a pre-tax loss of HKD 24,327,000 for the six months ended June 30, 2021, compared to a loss of HKD 13,279,000 for the same period in 2020, reflecting an increase in losses of 83.5%[13]. - The company reported a loss attributable to owners of HKD 23,879,000 for the six months ended June 30, 2021, compared to a loss of HKD 13,137,000 for the same period in 2020, an increase of 81.5%[11]. - The loss for the six months ended June 30, 2021, was approximately HKD 24,707,000, compared to a loss of HKD 13,302,000 for the same period in 2020[50]. Assets and Liabilities - Non-current assets as of June 30, 2021, totaled HKD 41,107,000, an increase from HKD 39,219,000 as of December 31, 2020[8]. - Current assets increased to HKD 82,190,000 as of June 30, 2021, compared to HKD 79,716,000 as of December 31, 2020[8]. - The company reported a net current asset value of HKD 47,080,000 as of June 30, 2021, down from HKD 48,166,000 as of December 31, 2020[8]. - The total assets less current liabilities amounted to HKD 88,187,000 as of June 30, 2021, compared to HKD 87,385,000 as of December 31, 2020[8]. - Non-current liabilities increased to HKD 39,153,000 as of June 30, 2021, compared to HKD 24,394,000 as of December 31, 2020, representing a growth of 60.5%[10]. - The company's net asset value decreased to HKD 49,034,000 as of June 30, 2021, down from HKD 62,991,000 as of December 31, 2020, a decline of 22.2%[10]. - The asset-liability ratio as of June 30, 2021, was 162%, up from 91.2% as of December 31, 2020, indicating an increase in leverage[56]. Cash Flow and Expenditures - Cash and cash equivalents decreased to HKD 13,474,000 as of June 30, 2021, from HKD 29,384,000 at the end of the previous year, a reduction of 54.3%[14]. - Operating cash flow showed a net outflow of HKD 26,654,000 for the six months ended June 30, 2021, compared to an inflow of HKD 11,911,000 in the previous year[13]. - The company invested HKD 8,613,000 in property, plant, and equipment during the six months ended June 30, 2021, compared to HKD 375,000 in the same period of 2020, indicating a significant increase in capital expenditure[13]. - The financing activities generated a net cash inflow of HKD 14,344,000 for the six months ended June 30, 2021, compared to an outflow of HKD 1,185,000 in the previous year[14]. Revenue Segmentation - Media and entertainment segment revenue was HKD 17,150,000, while the cremation and funeral services segment generated HKD 7,117,000, totaling HKD 24,267,000 for the six months ended June 30, 2021[20]. - The media and entertainment segment recorded revenue of approximately HKD 17,150,000 for the six months ended June 30, 2021, an increase of 1,693.9% compared to approximately HKD 956,000 in the same period last year, primarily due to ticket sales from exhibitions and concerts[52]. - The cremation and funeral services business generated revenue of approximately HKD 7,117,000, up 38.9% from approximately HKD 5,124,000 in the same period last year, influenced by a decline in value-added funeral services revenue due to COVID-19 restrictions[52]. Expenses - Employee benefit expenses increased to HKD 8,803,000 from HKD 6,215,000 in the previous year[34]. - Sales, marketing, and distribution expenses for the six months ended June 30, 2021, were approximately HKD 2,482,000, up 19% from HKD 2,086,000 in the previous year, accounting for 10.2% of revenue[48]. - General, administrative, and other expenses for the same period were approximately HKD 27,178,000, an increase of 80.8% from HKD 15,030,000 last year[49]. - The segment loss for cremation and funeral services was HKD 297,000, while the media and entertainment segment incurred a loss of HKD (8,273,000)[21]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors, ensuring expertise in accounting and financial management[79]. - The audit committee's main responsibilities include reviewing the group's financial controls, internal control, and risk management systems, as well as monitoring the integrity of consolidated financial statements[79]. - 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, 2021[78]. - The board of directors includes two executive directors and three independent non-executive directors as of the report date[80]. Shareholder Information - The total number of shares held by major shareholders includes 431,346,823 shares held by Mr. Zhou, representing 34.49% of the issued share capital[70]. - Mr. Tang holds 287,549,682 shares, accounting for 22.99% of the issued share capital[70]. - New Brilliant Investments Limited holds 98,472,498 shares, which is 7.87% of the issued share capital[70]. - As of June 30, 2021, 1,500,000 stock options had expired[66]. - No shares were awarded under the Share Award Scheme for the six months ended June 30, 2021[68].

Financial Performance - The company reported revenue of HKD 9,952,000 for the three months ended March 31, 2021, compared to HKD 3,959,000 for the same period in 2020, representing an increase of 151%[7] - Gross profit for the same period was HKD 3,408,000, up from HKD 1,377,000 in 2020, indicating a growth of 147%[7] - The company incurred a loss before tax of HKD 8,226,000 for the three months ended March 31, 2021, compared to a loss of HKD 7,482,000 in the previous year, reflecting an increase in losses of 10%[7] - The total comprehensive loss for the period was HKD 8,425,000, compared to HKD 8,076,000 in 2020, which is an increase of 4.3%[9] - The company reported a loss attributable to owners of the company of HKD 7,964,000 for the period, compared to HKD 7,374,000 in the previous year, marking a 8% increase in losses[7] - The company reported a loss of approximately HKD 8,372,000 for the period, compared to a loss of approximately HKD 7,482,000 for the same period last year[30] Assets and Cash Flow - The company’s total assets as of March 31, 2021, were HKD 61,355,000, compared to HKD 90,077,000 at the beginning of the year, indicating a decrease of 31.9%[11] - The company’s cash and cash equivalents decreased to HKD 7,051,000 from HKD 82,230,000, a decline of 91.4%[11] - Total assets as of March 31, 2021, amounted to HKD 122,094,000, with segment assets of HKD 72,838,000 in media and entertainment and HKD 26,023,000 in cremation and funeral services[17] Expenses - Sales, marketing, and distribution expenses for the period were approximately HKD 963,000, a decrease of 22.28% from HKD 1,239,000 in the same period last year, representing about 9.68% of total revenue[29] - General, administrative, and other expenses for the period were approximately HKD 10,772,000, an increase of 32.33% from HKD 8,140,000 in the same period last year[29] - As of March 31, 2021, the total employee cost, including director remuneration, was approximately HKD 3,443,000, compared to HKD 3,365,000 for the same period last year[37] Dividends - The company did not declare any dividends for the period, consistent with the previous year[7] - The company did not recommend the payment of any dividends for the three months ended March 31, 2021[23] Business Segments - The media and entertainment segment generated revenue of HKD 6,280,000, while the cremation and funeral services segment generated revenue of HKD 3,672,000, totaling HKD 9,952,000[17] - The media and entertainment segment recorded revenue of approximately HKD 6,280,000 for the three months ended March 31, 2021, an increase of 388.72% compared to approximately HKD 1,285,000 in the same period last year, primarily due to ticket revenue from exhibitions organized during the period[31] - The cremation and funeral services business generated revenue of approximately HKD 3,672,000 for the three months ended March 31, 2021, representing a 37.32% increase from approximately HKD 2,674,000 in the same period last year, attributed to a recovery from the decline in value-added funeral service revenue due to COVID-19 restrictions[33] Strategic Initiatives - The company is exploring opportunities for market expansion and new product development to enhance future performance[7] - The company is committed to improving operational efficiency and reducing costs in response to the challenging market conditions[7] - The company is developing an integrated entertainment platform named "Bookyay," which combines online streaming content, ticketing systems, consumer products, and membership systems into a unified lifestyle platform[34] - The company has launched a new NFT production studio, "Sunny Side Up," focusing on creating unique digital assets and investing in the NFT market, with a notable collaboration for an NFT art series with artists from Hong Kong and Taiwan[35] - The company plans to expand its funeral services to include pet funeral services, enhancing its funeral business portfolio[36] - The company is exploring strategic alliances and investment opportunities to enrich its investment portfolio and expand revenue sources[36] Shareholder Information - The company’s major shareholders include Mr. Tang Choi Chi, holding 287,549,682 shares, representing 22.99% of the issued share capital[40] - Major shareholders include Mr. Tang with 287,549,682 shares (22.99% of issued share capital) and Mr. Zhou with 431,346,823 shares (34.49% of issued share capital) as of March 31, 2021[50] - New Brilliant Investments Limited, wholly owned by Mr. Xu, holds 98,472,498 shares (7.87% of issued share capital) as of March 31, 2021[50] - The total number of shares held by major shareholders amounts to 718,896,505, representing 57.48% of the issued share capital[50] Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules during the three months ending March 31, 2021[58] - The audit committee consists of three independent non-executive directors, ensuring financial control and risk management oversight[61] - The board includes two executive directors and three independent non-executive directors[63] - The company has established written guidelines for directors' securities trading, confirming compliance with regulations[52] - The company has adopted a share incentive plan to recognize and reward contributions from eligible individuals towards its growth and development[46] Reporting and Compliance - The company did not recognize any significant deferred tax liabilities during the reporting period[22] - The company did not adopt any new or revised Hong Kong Financial Reporting Standards that would have a significant impact on the financial statements[14] - No purchases, sales, or redemptions of the company's listed securities occurred during the three months ending March 31, 2021[57] - The group reviewed the unaudited performance for the three months ended March 31, 2021[63] - The report will be published on the GEM website and the company's website for at least 7 days from the date of publication[63]

Investment Risks and Market Overview - The company operates in the GEM market, which is designed for small to medium-sized enterprises, indicating a higher investment risk compared to other listings[2] - The company emphasizes the importance of understanding potential risks before making investment decisions in GEM-listed securities[2] Corporate Governance - The report confirms that the information provided is accurate and complete, with no misleading or fraudulent elements[2] - The company is committed to corporate governance and has established various committees to oversee different aspects of its operations[7] - The company has a dedicated audit committee chaired by an independent non-executive director[7] - The company has established a risk management committee to address potential risks[7] - The company conducted a review of its accounting policies and financial reporting processes, ensuring compliance and integrity in its financial statements[24] - The company approved performance-linked compensation for all executive directors and senior management, ensuring fairness and alignment with market practices[28] - The board held regular meetings to discuss and approve overall strategic direction, annual, interim, and quarterly performance, and other significant matters[34] - The company reviewed the independence of its independent non-executive directors and assessed their contributions to the board[25] - The company monitored the operation of its share incentive plan, ensuring compliance with the established rules[33] - The company proposed the appointment of external auditors for shareholder approval at the annual general meeting[24] - The company ensured that resources, qualifications, and training plans for accounting and financial reporting functions were adequate[31] - The company established a nomination policy to enhance board diversity and evaluate the independence of directors[26] - The company maintained compliance with corporate governance codes and disclosure requirements[24] Financial Performance - The report includes a comprehensive financial summary over the past five years, indicating a focus on financial transparency[4] - The company's total revenue for the year ended December 31, 2020, was approximately HKD 29,095,000, a decrease of 76.95% compared to HKD 126,247,000 in the previous year[10] - The media and entertainment segment generated total revenue of approximately HKD 17,747,000, down 84.62% from HKD 115,427,000 in the prior year, with only 3 concerts held compared to 35 in 2019[10] - The company recorded a loss of approximately HKD 30,675,000 for the year, an improvement from a loss of HKD 51,552,000 in 2019[9] - General, administrative, and other expenses decreased by 30.42% to approximately HKD 36,649,000, down from HKD 52,672,000 in the previous year[13] - Sales, marketing, and distribution expenses were approximately HKD 5,133,000, a decrease of 73.35% from HKD 19,258,000 in the prior year, representing about 17.64% of total revenue[11] Strategic Initiatives and Future Plans - The company launched a new NFT studio named "Sunny Side Up" to capitalize on the growing NFT market, focusing on partnerships with artists and industry participants[8] - The company plans to develop an integrated entertainment platform called "Bookyay," combining online streaming, ticketing, and consumer products into a unified service platform[8] - The company aims to explore strategic alliances and investment opportunities to enhance its portfolio and expand revenue sources[8] - The company will continue to assess its capital resources and seek new financing sources as necessary to maintain and develop its business[8] - The group plans to continue focusing on exploring potential investments in media, entertainment, cremation, and funeral services to enhance its business portfolio[14] Risk Management - The risk management committee evaluated the effectiveness of the group's risk management framework and internal control systems, focusing on operational, regulatory, and financial risks[30] - The company faces significant uncertainties in the media and entertainment industry, particularly in project selection and audience acceptance, which can impact financial success[59] - The company has established a three-line defense system for risk management, with business units identifying and monitoring risks, management providing oversight, and internal audit reviewing effectiveness[59] - The company seeks to diversify risks through joint productions and investments with business partners[60] - Regulatory compliance is a key focus area, as failure to obtain necessary licenses can lead to investment losses and operational disruptions[61] Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes the importance of environmental, social, and governance (ESG) policies, presenting its fifth ESG report for the fiscal year ending December 31, 2020[75] - The ESG report highlights the group's environmental and social performance in media and entertainment, as well as cremation and funeral services in Hong Kong and China[76] - The board of directors is committed to ensuring the effectiveness of the company's ESG policies and fostering a responsible corporate culture[80] - The company has established accountability mechanisms within its management to address ESG matters and maintain competitiveness in the market[80] - Stakeholder feedback is crucial for the company to develop and implement its sustainable development strategy, focusing on significant risks and opportunities[81] - The company actively engages with stakeholders through preferred communication channels to build trust and mutual support[83] Community Engagement and Social Responsibility - The company actively supports local community welfare and infrastructure development projects to create job opportunities[98] - The company donated to the K for Kids Foundation to support underprivileged children, participating in events like Children's Day 2020[174] - During the COVID-19 pandemic, the company distributed free masks and disinfectants to nursing homes in China[180] - The company received the "Caring Company" award from the Hong Kong Council of Social Service for its efforts in enhancing workplace happiness[181] - The company actively participates in community investment, focusing on supporting vulnerable groups such as the elderly and homeless[176] Employee Welfare and Training - The company emphasizes the importance of talent acquisition and offers competitive compensation and benefits to attract outstanding individuals[132] - In the fiscal year 2020, the group organized various health and safety training courses, including monthly emergency drills and public health safety lectures, to enhance employee safety awareness[141] - A total of 37 employees received 2,256 hours of training in the fiscal year 2020, with over 70% of the trainees being general staff[146] - The group recorded zero work-related fatalities over the past three fiscal years, demonstrating a commitment to maintaining a safe working environment[142] Compliance and Ethical Standards - The company has a zero-tolerance policy towards bribery and corruption, implementing systems to manage related risks[171] - The company has adhered to relevant laws and regulations regarding bribery, extortion, fraud, and money laundering that significantly impact its operations in the fiscal year 2020[173] - The company has implemented effective reporting procedures to ensure any suspicious or improper behavior can be reported, with a hotline and suggestion box open to all[172] Financial Reporting and Transparency - The company reported no dividend for the year ended December 31, 2020, consistent with the previous year[198] - The financial performance for the year ended December 31, 2020, is detailed in the consolidated income statement on page 62 of the annual report[198] - The company is primarily an investment holding company, with its main subsidiaries' businesses outlined in the consolidated financial statements[196] - Revenue and segment performance analysis by business and geographical segments for the year ended December 31, 2020, is provided in note 4 of the consolidated financial statements[197] - The company faces multiple risks and uncertainties that may impact its financial condition, performance, and outlook, as discussed in the management discussion and analysis section[200]

Financial Performance - For the three months ended September 30, 2020, the company reported revenue of HKD 15,326,000, a decrease of 65.1% compared to HKD 43,976,000 in the same period of 2019[7] - The gross profit for the three months ended September 30, 2020, was HKD 3,937,000, compared to a gross loss of HKD 7,452,000 in the same period of 2019[7] - The company recorded a loss before tax of HKD 4,512,000 for the three months ended September 30, 2020, significantly improved from a loss of HKD 28,950,000 in the same period of 2019[7] - The net loss for the nine months ended September 30, 2020, was HKD 17,911,000, compared to a net loss of HKD 40,055,000 for the same period in 2019, indicating a 55.3% reduction in losses[7] - The basic and diluted loss per share for the three months ended September 30, 2020, was HKD 0.4, compared to HKD 2.4 for the same period in 2019[7] - The total comprehensive loss for the three months ended September 30, 2020, was HKD 3,606,000, compared to HKD 29,226,000 in the same period of 2019[10] - Total revenue for the nine months ended September 30, 2020, was approximately HKD 21,406,000, a decrease of 77.03% compared to HKD 93,173,000 in the same period last year[26] - The loss for the nine months ended September 30, 2020, was approximately HKD 17,911,000, a reduction from a loss of HKD 40,055,000 in the same period last year[30] Segment Performance - For the nine months ended September 30, 2020, total revenue from the media and entertainment segment was HKD 13,453,000, while the cremation and funeral services segment generated HKD 7,953,000, totaling HKD 21,406,000[16] - The adjusted loss before tax for the media and entertainment segment was HKD (11,040,000), and for the cremation and funeral services segment, it was HKD 722, resulting in a total adjusted loss before tax of HKD (17,791,000)[16] - Media and entertainment business revenue was HKD 13,453,000, down 84.16% from HKD 84,908,000 year-on-year, primarily due to the impact of COVID-19[31] - Cremation and funeral services revenue was approximately HKD 7,953,000, consistent with HKD 8,265,000 in the previous year[32] - Revenue from cremation and funeral services and related products for the nine months ended September 30, 2020, was HKD 3,812,000, down from HKD 4,090,000 in 2019[18] Operational Efficiency and Strategy - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[7] - The company anticipates that the COVID-19 pandemic will have a short-term impact on the regional entertainment sector and is taking measures to improve operational efficiency and maintain cash flow[33] - The company plans to focus on high-quality entertainment projects with strong track records and explore strategic alliances and investment opportunities to expand revenue sources[33] - The management remains cautious about market conditions and is closely monitoring developments to adjust strategies accordingly[7] Corporate Governance - The company confirmed that all directors complied with the securities trading regulations during the nine months ending September 30, 2020[52] - The company did not participate in any arrangements for directors to profit from acquiring shares or convertible bonds during the nine months ending September 30, 2020[56] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the nine months ending September 30, 2020[57] - The company adhered to all corporate governance codes as stipulated by the GEM listing rules during the nine months ending September 30, 2020[58] - The audit committee, composed of three independent non-executive directors, is responsible for reviewing the financial controls and risk management systems of the group[60] - The group reviewed the unaudited financial performance for the nine months ended September 30, 2020[61] - The board includes two executive directors and three independent non-executive directors[61] Shareholder Information - As of September 30, 2020, the company had a total of 431,346,823 shares held by a significant shareholder, representing 34.49% of the issued share capital[49] - Another significant shareholder held 287,549,682 shares, accounting for 22.99% of the issued share capital[49] - A third significant shareholder owned 718,896,505 shares, which is 57.48% of the issued share capital[49] - New Brilliant Investments Limited, fully owned by Mr. Xu, held 98,472,498 shares, representing 7.87% of the issued share capital[49] - Mr. Xu also held 1,800 shares directly, which is 0.00% of the issued share capital[49] Expenses - Sales, marketing, and distribution expenses were approximately HKD 3,326,000, down 71.15% from HKD 11,529,000 year-on-year, accounting for about 15.54% of revenue[27] - General and administrative expenses decreased by 37.82% to approximately HKD 22,734,000 from HKD 36,562,000 in the previous year[28] - As of September 30, 2020, the total employee cost was approximately HKD 8,877,000, slightly up from HKD 8,740,000 in the previous year[36] Capital Expenditures and Assets - Capital expenditures for the media and entertainment segment were HKD 42,000, while the cremation and funeral services segment incurred HKD 715,000, totaling HKD 757,000[16] - Total assets amounted to HKD 112,455,000, with segment assets of HKD 61,398,000 for media and entertainment and HKD 25,621,000 for cremation and funeral services[16] - Total liabilities were reported at HKD (37,825,000), with segment liabilities of HKD (23,512,000) for media and entertainment and HKD (6,716,000) for cremation and funeral services[16] Dividend Information - The company did not declare any dividends for the periods reported[7] - The company did not recommend any dividend payment for the nine months ended September 30, 2020, consistent with the previous year[21] Financial Reporting Standards - The company is currently evaluating the impact of new and revised Hong Kong Financial Reporting Standards but has not yet determined if they will significantly affect its operating performance and financial position[1] Publication of Report - The report will be published on the GEM website and the company's website for at least 7 days from the publication date[61]

Financial Performance - For the three months ended June 30, 2020, the company reported revenue of HKD 2,121 thousand, a decrease of 93.3% compared to HKD 31,618 thousand for the same period in 2019[8]. - The gross profit for the six months ended June 30, 2020, was HKD 2,933 thousand, down 76.7% from HKD 12,579 thousand in the same period of 2019[8]. - The company recorded a loss of HKD 5,820 thousand for the three months ended June 30, 2020, compared to a loss of HKD 4,201 thousand for the same period in 2019, representing a 38.5% increase in loss[8]. - Total comprehensive loss for the six months ended June 30, 2020, was HKD 13,691 thousand, an increase of 17.3% from HKD 11,570 thousand in the same period of 2019[11]. - Basic and diluted loss per share for the six months ended June 30, 2020, was HKD 1.1, compared to HKD 0.9 for the same period in 2019[8]. - The company reported a loss before tax of HKD 10,661,000 for the six months ended June 30, 2020, compared to a loss of HKD 10,482,000 for the same period in 2019[24][33]. - The company reported a loss of approximately HKD 13,302,000 for the six months ended June 30, 2020, compared to a loss of HKD 11,669,000 for the same period last year[56]. Assets and Liabilities - Non-current assets decreased to HKD 37,303 thousand as of June 30, 2020, down 16.3% from HKD 44,542 thousand as of December 31, 2019[12]. - Current assets decreased to HKD 69,901 thousand as of June 30, 2020, down 33.1% from HKD 104,546 thousand as of December 31, 2019[12]. - Current liabilities decreased to HKD 24,724 thousand as of June 30, 2020, down 53.1% from HKD 52,670 thousand as of December 31, 2019[12]. - As of June 30, 2020, the company's total equity decreased to HKD 78,164,000 from HKD 91,712,000 as of December 31, 2019, representing a decline of approximately 14.8%[14]. - The total assets of the company amounted to HKD 158,426,000 as of June 30, 2020, with total liabilities of HKD 55,897,000[25]. - The debt-to-equity ratio as of June 30, 2020, was 37.84%, a significant decrease from 63.70% as of December 31, 2019[61]. Cash Flow and Management - Cash and cash equivalents increased to HKD 29,384,000 as of June 30, 2020, up from HKD 19,764,000 at the end of the previous year, reflecting a growth of approximately 48.8%[18]. - The company experienced a significant decrease in trade receivables, which fell by HKD 15,573,000, compared to a decrease of HKD 7,136,000 in the previous year, indicating improved cash flow management[17]. - The company’s net cash generated from operating activities was HKD 11,911,000 for the six months ended June 30, 2020, compared to a net cash used of HKD 23,526,000 in the same period of 2019, showing a turnaround in cash flow[17]. - The company’s trade receivables decreased to HKD 4,280,000 as of June 30, 2020, from HKD 19,836,000 as of December 31, 2019[38]. - As of June 30, 2020, the group's cash and bank balances were approximately HKD 29,384,000, an increase from HKD 19,039,000 as of December 31, 2019[61]. Operational Focus and Strategy - The company is focusing on cost management and exploring new market opportunities to mitigate the impact of the ongoing challenges[8]. - The media and entertainment segment remains a key focus, with ongoing investments in concert and entertainment activities, although specific financial impacts were not detailed[20]. - The company plans to focus on high-quality entertainment projects with a strong track record and commercial viability, and is discussing rescheduling concerts and exhibitions for the second half of 2020[59]. - The company aims to explore strategic alliances and investment opportunities to enrich its investment portfolio and expand revenue sources[59]. Shareholder Information - The major shareholders held a total of 718,896,505 shares, representing 57.48% of the issued share capital[68]. - The largest shareholder, Mr. Tang, held 431,346,823 shares, accounting for 34.49% of the issued share capital[76]. - New Brilliant Investments Limited, controlled by Mr. Xu, held 98,472,498 shares, representing 7.87% of the issued share capital[78]. Corporate Governance - The company has established written guidelines regarding securities trading by its directors, confirming full compliance with the GEM Listing Rules as of June 30, 2020[79]. - The company did not engage in any arrangements for directors to profit from purchasing shares of the company or any other entities during the six months ending June 30, 2020[83]. - The company has complied with all provisions of the corporate governance code as stipulated in the GEM Listing Rules during the reporting period[85]. - An audit committee has been established, consisting of three independent non-executive directors, to oversee financial controls and risk management[87]. - The audit committee reviewed the unaudited performance of the group for the six months ending June 30, 2020[88]. - The board of directors includes two executive directors and three independent non-executive directors as of the report date[89].

Financial Performance - For the three months ended March 31, 2020, the company reported revenue of HKD 3,959,000, a decrease of 77.5% compared to HKD 17,579,000 for the same period in 2019[6] - The gross profit for the same period was HKD 1,377,000, compared to a gross loss of HKD 56,000 in the previous year[6] - The company recorded a loss before tax of HKD 7,482,000, slightly higher than the loss of HKD 7,369,000 in the prior year[6] - The total comprehensive loss for the period was HKD 8,076,000, compared to HKD 7,325,000 in the same period last year[8] - The basic and diluted loss per share was HKD 0.6, compared to HKD 0.5 in the previous year[6] - The adjusted loss before tax for the period was HKD 7,482,000, compared to a loss of HKD 7,468,000 for the same period last year[28] Revenue Breakdown - Revenue from the media and entertainment segment was HKD 1,285,000, while the cremation and funeral services segment generated HKD 2,674,000, totaling HKD 3,959,000[14] - Media and entertainment segment revenue for the three months ended March 31, 2020, was approximately HKD 1,285,000, a decrease of 91.08% compared to approximately HKD 14,403,000 in the same period last year, primarily due to the impact of COVID-19[29] - Revenue from cremation and funeral services for the three months ended March 31, 2020, was approximately HKD 2,674,000, down 15.81% from approximately HKD 3,176,000 in the same period last year, attributed to restrictions on gatherings due to COVID-19[31] Operating Expenses - The total operating expenses, including selling, marketing, and administrative expenses, amounted to HKD 8,210,000 for the quarter[6] - Sales, marketing, and distribution expenses were approximately HKD 1,239,000, a decrease of 9.76% from HKD 1,373,000 in the previous year, representing 31.30% of total revenue[25] - General and administrative expenses for the period were approximately HKD 8,210,000, consistent with HKD 7,867,000 from the previous year[26] - As of March 31, 2020, the total employee costs amounted to approximately HKD 3,365,000, an increase from HKD 2,665,000 in the same period last year[33] Strategic Focus and Outlook - The company is focusing on strategic initiatives to improve operational efficiency and reduce costs amid challenging market conditions[6] - Future outlook remains cautious due to ongoing market volatility and uncertainties related to the global economic environment[6] - The company anticipates that COVID-19 will have a short-term impact on the entertainment sector, with ongoing discussions to reschedule concerts and exhibitions for the second half of 2020[32] - The company is focusing on high-quality entertainment projects with a strong track record and commercial viability to enhance operational efficiency and maintain sufficient cash flow[32] - The company is exploring strategic alliances and investment opportunities to enrich its investment portfolio and expand revenue sources[32] Shareholder and Governance Information - Major shareholders include individuals holding a total of 718,896,505 shares, representing 57.48% of the issued share capital[40] - The company has adopted a share reward plan to recognize and reward contributions from qualified individuals, aimed at attracting suitable personnel for further development[43] - The company has established a written guideline for securities trading by directors, confirming full compliance with the GEM Listing Rules as of March 31, 2020[48] - The board of directors includes two executive directors and three independent non-executive directors as of the report date[57] - The audit committee has been established to review the financial controls, internal controls, and risk management systems of the group[55] - The audit committee reviewed the unaudited performance of the group for the three months ending March 31, 2020[56] Compliance and Regulatory Matters - The company has complied with all provisions of the corporate governance code as stipulated in the GEM Listing Rules during the three months ending March 31, 2020[53] - The company is currently assessing the impact of new and revised Hong Kong Financial Reporting Standards but has not yet determined if they will significantly affect its operating performance and financial position[1] - The company has not engaged in any arrangements for directors to profit from acquiring shares or convertible bonds during the three months ending March 31, 2020[52] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the three months ending March 31, 2020[53] - The company has no mortgaged assets or significant contingent liabilities as of March 31, 2020[34]

太 陽 SUN ENTERTAINMENT GROUP 太陽娛樂集團 有限公司 (前英文名稱為「SAGE INTERNATIONAL GROUP LIMITED」 及中文名稱為「仁智國際集團有限公司」） （於開曼群島註冊成立並於百慕逵存續之有限公司） 股份代號:8082 2019 龍菩 1 太陽娛樂集團有限公司 香港聯合交易所有限公司（「聯交所」）GEM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。 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香港聯合交易所有限公司對本報告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不對因本報告全部或任何部份內容而產生或因 倚賴該等內容而引致之任何損失承擔任何責任。 本報告乃遵照香港聯合交易所有限公司GEM證券上市規則之規定而提供有關太陽娛樂集團有 限公司之資料。太陽娛 ...

| --- | --- | |------------------------------------------------|-------| | | | | | | | 8 | | | 仁趣SAGE | | | 仁智國際集團有限公司 | | | ( 於開曼群島註冊成立及於百慕達存續之有限公司 ) | | | 股份代號：8082 | | | 2019 # | | | | | 1 仁智國際集團有限公司 香港聯合交易所有限公司（「聯交所」）GEM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之較高風險及其他特色表示GEM較適合專業及其他資深投資者。 由於GEM上市公司新興之性質所然，在GEM買賣之證券可能會較於主板買賣之證券承受較 大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 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報告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本報告全部或任何部分內容而產生或因 倚賴該等內 ...

Financial Performance - For the three months ended March 31, 2019, the company reported revenue of HKD 17,579,000, an increase from HKD 13,481,000 in the same period of 2018, representing a growth of 30.5%[6] - The gross loss for the period was HKD 56,000, compared to a gross profit of HKD 4,479,000 in the previous year, indicating a significant decline[6] - The company recorded a loss before tax of HKD 7,369,000, which is an increase from a loss of HKD 2,852,000 in the prior year, reflecting a deterioration of 158.5%[6] - The net loss for the period was HKD 7,468,000, compared to a net loss of HKD 2,945,000 in the same quarter of 2018, marking an increase of 153.5%[6] - Basic and diluted loss per share for the company was HKD 0.005, compared to HKD 0.002 in the previous year, indicating a worsening performance[6] - The total comprehensive loss for the period was HKD 7,325,000, compared to HKD 1,917,000 in the same period last year, representing an increase of 282.5%[8] - The company reported other income of HKD 1,129,000 for the quarter, compared to HKD 140,000 in the previous year, showing a significant increase[6] Expenses - The company incurred selling, marketing, and distribution expenses of HKD 7,867,000, up from HKD 6,099,000 in the prior year, reflecting a rise of 29%[6] - General and administrative expenses for the three months ended March 31, 2019, were approximately HKD 7,867,000, an increase of 28.99% from HKD 6,099,000 in the same period last year[28] - Sales, marketing, and distribution expenses were approximately HKD 1,373,000, representing about 7.81% of revenue, down from 10.18% in the previous year[27] Revenue Segmentation - Revenue from the funeral services segment was HKD 3,176,000, while the media and entertainment segment generated HKD 14,403,000, totaling HKD 17,579,000[16] - Revenue from the media and entertainment segment reached approximately HKD 14,403,000, a 40.20% increase from HKD 10,273,000 in the same period last year, driven by more concerts organized and invested during the review period[32] - The funeral services and crematorium business generated revenue of approximately HKD 3,176,000, remaining consistent with HKD 3,208,000 in the same period last year[33] Shareholder Information - The beneficial ownership of shares included 431,324,523 shares held by Mr. Tang, representing 35.42% of the issued share capital[39] - Major shareholders include Mr. Tang with 287,549,682 shares, representing 23.61% of the issued share capital[43] - The company has a total of 575,099,364 shares held by concert parties, accounting for 47.22% of the issued share capital[43] - Simple Cheer Limited, fully owned by Mr. Zheng, holds 287,549,682 shares, which is 23.61% of the issued share capital[44] - New Brilliant Investments Limited, fully owned by Mr. Xu, holds 149,472,498 shares, representing 12.27% of the issued share capital[44] Corporate Governance - The company has confirmed compliance with securities trading regulations with no violations reported for the period ending March 31, 2019[45] - The company has adopted the corporate governance code as specified in the GEM Listing Rules[52] - The roles of Chairman and CEO are not separated, as Mr. Tang is currently fulfilling both roles following the resignation of Mr. Xu on March 19, 2018[53] - The audit committee has been established with three independent non-executive directors, ensuring expertise in accounting, financial management, and legal experience[55] - The audit committee's main responsibilities include reviewing the group's financial controls, internal controls, and risk management systems[55] - The audit committee has reviewed the unaudited performance for the three months ending March 31, 2019[56] Future Outlook - The company is optimistic about the growth of the media and entertainment industry in mainland China, with box office revenue increasing by 9.06% to over RMB 60.9 billion (approximately USD 8.9 billion) in 2018[34] - The company plans to expand its concert entertainment business in the Greater Bay Area, anticipating increased disposable income and demand for experiences, travel, and entertainment due to enhanced connectivity from the Hong Kong-Zhuhai-Macao Bridge[34] Other Information - The company has not declared any dividends for the period, consistent with the previous year[6] - The company did not recommend any dividend for the three months ended March 31, 2019, consistent with the previous year[21] - The company had no mortgaged assets or significant contingent liabilities as of March 31, 2019[36] - The company did not purchase, sell, or redeem any of its listed securities during the three months ending March 31, 2019[51] - There are no known conflicts of interest among directors and management shareholders regarding competitive businesses[49] - The company has granted share options to various directors and employees, with a total of 6,500,000 and 3,500,000 shares available for purchase at HKD 0.576 and HKD 0.484 respectively[41] - No share options were cancelled, lapsed, or forfeited during the three months ended March 31, 2019[41] - The company is evaluating the impact of new and revised Hong Kong Financial Reporting Standards but has not yet determined if they will significantly affect operational performance and financial position[12] - The company hosted and invested in more concerts during the review period, contributing to revenue growth[26] - The company announced a mandatory unconditional cash offer to acquire all issued shares on April 9, 2019[25] - Adjusted loss before tax for the period was HKD 7,369,000, with a total loss attributable to owners of the company amounting to HKD 6,506,000[24] - As of March 31, 2019, the total employee cost was approximately HKD 2,665,000, a decrease from HKD 3,098,000 in the same period last year, with the company employing about 63 staff members[35]

Financial Performance - The company reported a revenue of approximately HKD 155.68 million for the fiscal year ending December 31, 2018, representing a 64.74% increase from approximately HKD 94.5 million in the previous year[10]. - The media and entertainment segment contributed approximately 93.12% of total revenue, with segment profit rising to approximately HKD 8.03 million from HKD 1.51 million year-on-year[10]. - The company organized and invested in a total of 12 concerts during the year, a significant increase from 3 concerts in 2017, which contributed substantially to revenue[10]. - The total revenue for the year ended December 31, 2018, was approximately HKD 155,678,000, an increase of 64.74% compared to HKD 94,497,000 in the previous year[14]. - Revenue from the media and entertainment business was approximately HKD 144,968,000, up 82.80% from HKD 79,306,000 in the prior year[14]. - The group recorded a loss of approximately HKD 10,714,000 for the year, compared to a loss of HKD 19,909,000 in 2017[14]. - The net loss for the year was approximately HKD 10.71 million, an improvement from a loss of approximately HKD 19.91 million in 2017[10]. - The loss attributable to owners of the company was approximately HKD 8.26 million, a significant reduction from approximately HKD 19.64 million in the previous year, mainly due to the successful performance of concert projects[10]. Cash and Assets - As of December 31, 2018, the group's cash and cash equivalents were approximately HKD 37,972,000, up from HKD 28,977,000 a year earlier[15]. - The group's total assets as of December 31, 2018, were approximately HKD 138,999,000, compared to HKD 115,159,000 in 2017[15]. - The net asset value of the group as of December 31, 2018, was approximately HKD 109,169,000, an increase from HKD 94,291,000 in the previous year[14]. - The group raised approximately HKD 19,200,000 from the placement of 60,000,000 new shares at HKD 0.330 per share, intended for expanding the media and entertainment segment[16]. Corporate Governance - The company has complied with all corporate governance codes as per the GEM Listing Rules, with no significant non-compliance incidents reported for the year ending December 31, 2018[24]. - Following the resignation of the previous chairman and CEO on March 19, 2018, the company has not appointed a new chairman or CEO until a suitable candidate is identified[25]. - The board of directors is responsible for overall management and oversight of the company's significant matters, including operational strategies and risk management systems[26]. - The board of directors has established four committees: Audit Committee, Remuneration Committee, Nomination Committee, and Risk Management Committee, each with clearly defined responsibilities[27]. - The Audit Committee reviewed and proposed the annual, interim, and quarterly financial statements, ensuring the integrity of financial reporting[29]. - The Remuneration Committee approved performance-linked compensation for all executive directors and senior management, ensuring fairness and market alignment[32]. Risk Management - The company emphasizes the importance of risk management as a collective responsibility, integrating it into the culture and internal control systems[52]. - The internal control system is designed to ensure operational effectiveness, reliability of financial reporting, and compliance with applicable laws and regulations[52]. - The company has established a three-line defense framework for risk management, with business units identifying and monitoring risks as the first line[53]. - The company seeks to control investment risk exposure by reducing the percentage and absolute value of individual project investments[56]. - The company regularly reviews and updates its business strategy to respond to industry competition[56]. Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report for the fiscal year 2018 was prepared in accordance with the guidelines of the Hong Kong Stock Exchange[70]. - The board is responsible for ensuring the effectiveness of the group's ESG policies and has established a dedicated team to manage ESG issues across business units[72]. - The group plans to promote green funerals in response to land resource scarcity, aligning with government strategies[77]. - The group emphasizes stakeholder engagement and feedback to enhance understanding of ESG and sustainability issues[84]. - The company aims to minimize its environmental impact through strict control of emissions and resource consumption in its daily operations[91]. Employee and Community Engagement - The group employed 59 staff members, a decrease from 66 in the previous year, with total short-term employee benefits amounting to approximately HKD 8,634,000, down from HKD 10,110,000 in the prior year[20]. - The company provides competitive compensation and benefits to attract talent, emphasizing performance and experience in its recruitment process[115]. - The company actively provides training opportunities to employees to enhance their knowledge and performance, ensuring alignment with the company's vision[125]. - The company emphasizes community investment, supporting local schools and non-profit organizations through donations and volunteer activities[158]. Future Outlook - The company is optimistic about the growth of the media and entertainment industry in mainland China, with box office revenue increasing by 9.06% to over RMB 60.9 billion (approximately USD 8.9 billion) in 2018[8]. - The company plans to expand its concert entertainment business in the Greater Bay Area, leveraging increased connectivity and disposable income in the region[8]. - The company aims to explore strategic alliances and investment opportunities to diversify its business and enhance shareholder value[8]. Shareholder Information - The company did not recommend the payment of dividends for the year ended December 31, 2018, consistent with the previous year[167]. - The company has no retained earnings available for distribution to shareholders as of December 31, 2018[168]. - The company has established a remuneration committee responsible for reviewing the remuneration policy based on the group's operational performance, individual performance, and market practices[185].