Financial Performance - For the nine months ended December 31, 2023, the group's revenue was approximately HKD 9,773,000, a decrease of about 17% compared to HKD 11,818,000 for the same period in 2022[7] - The profit attributable to the owners of the company for the nine months ended December 31, 2023, was approximately HKD 1,328,000, down from HKD 3,386,000 in the same period of 2022[7] - The group recorded a gross profit of HKD 6,377,000 for the nine months ended December 31, 2023, compared to HKD 6,380,000 for the same period in 2022, indicating a stable gross margin despite revenue decline[14] - The basic and diluted earnings per share for the nine months ended December 31, 2023, were HKD 0.15, down from HKD 0.37 in the same period of 2022[14] - The group reported a total comprehensive income attributable to owners of the company of HKD 1,342,000 for the nine months ended December 31, 2023, compared to HKD 3,283,000 in the same period of 2022[14] - Service revenue decreased to HKD 2,640,000 from HKD 3,372,000, representing a decline of 21.7% year-over-year[20] - Maintenance service income fell to HKD 6,956,000, down 14.5% from HKD 8,138,000 in the previous year[20] - The effective tax rate for the group remains at 16.5%, with current tax provision of HKD 20,000 compared to HKD 36,000 in the prior year[22] Dividend Policy - The board of directors did not recommend the payment of an interim dividend for the nine months ended December 31, 2023, consistent with the previous year[7] - No interim dividend was proposed for the nine months ended December 31, 2023, consistent with the previous year[23] Business Strategy and Outlook - The group aims to develop innovative technology products and solutions, focusing on smart city applications to meet future demands[9] - The management maintains a cautious outlook due to a challenging business environment and is committed to rigorous financial measures to minimize costs and risks[11] - The group continues to adjust and improve its positioning to address current market difficulties and ensure long-term sustainable development[11] - The group has established a leadership position in the industry through strong research and development capabilities and a reliable track record[9] Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the group's quarterly performance for the nine months ending December 31, 2023, and confirmed compliance with applicable accounting standards and GEM listing rules[35] - The company has adhered to all provisions of the GEM Corporate Governance Code during the period ending December 31, 2023, emphasizing transparency, independence, accountability, and fairness[37] - The board of directors is responsible for reviewing and monitoring the company's compliance with legal and regulatory requirements, as well as the effectiveness of internal control systems[38] - The company has implemented a code for securities trading by directors, which meets or exceeds the standards required by GEM listing rules[40] - The board will continuously assess the effectiveness of the corporate governance structure and the necessity of separating the roles of chairman and CEO[38] - The board consists of three executive directors and three independent non-executive directors, ensuring a balanced governance structure[41] Shareholder Actions - No shares were repurchased during the reporting period, maintaining a consistent approach to share buybacks[33] - The company has no new share option plans implemented since the expiration of the previous plan in August 2021[32] Accounting and Compliance - The company has not adopted any new accounting standards that would significantly impact its financial performance[19] - The group operates a single business segment focused on smart card systems, RFID, and IT services, with no significant geographical diversification[20] - The company has not made any insurance arrangements for potential legal risks faced by directors, citing a low likelihood of such risks due to the nature of its business[38]

Financial Performance - For the nine months ended December 31, 2023, the group's revenue was approximately HKD 9,773,000, a decrease of about 17% compared to HKD 11,818,000 for the same period in 2022[7] - The profit attributable to the owners of the company for the nine months ended December 31, 2023, was approximately HKD 1,328,000, down from HKD 3,386,000 in the same period of 2022[7] - The group recorded a gross profit of HKD 6,377,000 for the nine months ended December 31, 2023, compared to HKD 6,380,000 for the same period in 2022, indicating a stable gross margin despite revenue decline[14] - The total comprehensive income attributable to the owners of the company for the nine months ended December 31, 2023, was HKD 1,342,000, compared to HKD 3,283,000 for the same period in 2022[14] - Basic earnings per share for the nine months ended December 31, 2023, was HKD 1,328,000, compared to HKD 3,386,000 for the same period in 2022, indicating a significant decrease[24] - The basic and diluted earnings per share for the nine months ended December 31, 2023, were HKD 0.15, down from HKD 0.37 in the same period of 2022[14] - Service revenue decreased to HKD 2,640,000 from HKD 3,372,000, representing a decline of 21.7% year-over-year[20] - Maintenance service income fell to HKD 6,956,000, down 14.5% from HKD 8,138,000 in the previous year[20] Dividend and Shareholder Returns - The company did not recommend the payment of an interim dividend for the nine months ended December 31, 2023, consistent with the previous year[7] - The company did not recommend any interim dividend for the nine months ended December 31, 2023, consistent with the previous year[23] - There were no share buybacks during the period, maintaining the status quo from the previous year[33] Cost Management and Financial Outlook - The group maintained a cautious outlook due to a challenging business environment and is focused on rigorous financial measures to minimize costs and risks[11] - The group reported a decrease in administrative expenses to HKD 6,075,000 for the nine months ended December 31, 2023, from HKD 6,467,000 in the same period of 2022, reflecting cost control efforts[14] - The effective tax rate for the group remains at 16.5%, with current tax provision of HKD 20,000 for the period, down from HKD 36,000 in the prior year[22] Corporate Governance - The company has adhered to all provisions of the GEM Corporate Governance Code during the period ending December 31, 2023, ensuring transparency, independence, accountability, and fairness[37] - The board of directors is responsible for reviewing and monitoring the company's compliance with legal and regulatory requirements, as well as the effectiveness of internal control systems[38] - The company has implemented a code for securities trading by directors, which meets or exceeds the standards required by GEM listing rules[40] - The board will continuously assess the effectiveness of the corporate governance structure and the necessity of separating the roles of chairman and CEO[38] - The board includes three executive directors and three independent non-executive directors, ensuring a balanced governance structure[41] Business Strategy - The company aims to develop innovative technology products and solutions, focusing on smart city applications to meet future demands[9] - The company operates a single business segment focused on smart card systems, RFID, and IT services, with no significant geographical diversification[20] Audit and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the group's quarterly performance for the nine months ending December 31, 2023, and confirmed compliance with applicable accounting standards and GEM listing rules[35] - The company has not adopted any new accounting standards that would significantly impact its financial performance[19] - The company has not made any insurance arrangements for potential legal risks faced by directors, citing a low likelihood of such risks due to the nature of its business[38] Foreign Exchange Impact - The company experienced a foreign exchange gain of HKD 14,000 for the nine months ended December 31, 2023, compared to a loss of HKD 103,000 in the same period of 2022[14]

Financial Performance - The group's revenue for the nine months ended December 31, 2023, was approximately HKD 9,773,000, a decrease of about 17% compared to HKD 11,818,000 for the same period in 2022[4] - The profit attributable to the owners of the company for the nine months ended December 31, 2023, was approximately HKD 1,328,000, down from HKD 3,386,000 in the same period of 2022[4] - The total comprehensive income attributable to the owners of the company for the nine months ended December 31, 2023, was approximately HKD 1,342,000, down from HKD 3,283,000 in the same period of 2022[11] - Basic earnings per share for the nine months ended December 31, 2023, were HKD 1,328,000, compared to HKD 3,386,000 for the same period in 2022, reflecting a significant decrease[21] - Total revenue for the nine months ended December 31, 2023, was HKD 9,773,000, a decrease of 17.3% compared to HKD 11,818,000 for the same period in 2022[17] - Service revenue from smart card systems, RFID, and IT services was HKD 2,640,000, down 21.7% from HKD 3,372,000 in the previous year[17] - Maintenance service income decreased to HKD 6,956,000, a decline of 14.5% from HKD 8,138,000 in the prior year[17] Dividends and Shareholder Returns - The board of directors did not recommend the payment of an interim dividend for the nine months ended December 31, 2023[4] - The company did not declare an interim dividend for the nine months ended December 31, 2023, consistent with the previous year[20] Cost Management and Financial Outlook - The group maintains a cautious outlook due to a challenging business environment and is focused on rigorous financial measures to minimize costs and risks[8] - The group continues to adjust and improve its positioning to address current market difficulties and ensure long-term sustainable development[8] - Administrative expenses for the nine months ended December 31, 2023, were approximately HKD 6,075,000, compared to HKD 6,467,000 in the same period of 2022[11] - The current tax provision for the nine months ended December 31, 2023, was HKD 20,000, down from HKD 36,000 in the prior year[19] Corporate Governance - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15 during the period ending December 31, 2023[34] - The board of directors is responsible for reviewing and monitoring the company's compliance with legal and regulatory requirements[35] - The company has implemented a set of rules for securities trading by directors, in compliance with GEM Listing Rules 5.48 to 5.67[37] - The board will continuously review the effectiveness of the corporate governance structure to assess the need for separating the roles of chairman and CEO[35] - There are currently no insurance arrangements for legal risks faced by directors, as the likelihood is considered very low[35] - The company has sufficient measures in place to achieve the objectives of the corporate governance code, despite the lack of specified terms for non-executive directors[35] - The board includes three executive directors and three independent non-executive directors as of the announcement date[38] Business Strategy - The group aims to become a leading provider of innovative technology products, solutions, and professional services in the market[6] - The group is committed to developing and applying innovative smart city solutions to meet the demands of smart cities and contribute to public health and sustainable development[6] - The company operates a single business segment focused on smart card systems, RFID, and IT services, indicating a concentrated market strategy[17] - There were no share buybacks during the period, maintaining a consistent approach to capital management[30] - The board of directors and management have not engaged in any arrangements that would allow them to benefit from purchasing the company's shares or debt securities[25] - The company has not adopted any new accounting standards or amendments that would significantly impact its financial statements[16]

Financial Performance - For the six months ended September 30, 2023, the group's revenue was approximately HKD 6,448,000, a decrease of about 17% compared to HKD 7,814,000 for the same period in 2022[7]. - The profit attributable to the owners of the company for the same period was approximately HKD 660,000, down from HKD 1,907,000 in 2022[7]. - Total revenue for the six months ended September 30, 2023, was HKD 6,448,000, a decrease of 17.5% compared to HKD 7,814,000 for the same period in 2022[29]. - The company's pre-tax profit for the six months ended September 30, 2023, was HKD 660,000, down from HKD 1,907,000 for the same period in 2022, reflecting a decline of 65.3%[45]. - Basic earnings per share for the six months ended September 30, 2023, were HKD 0.0007, compared to HKD 0.0021 for the same period in 2022[45]. Revenue Breakdown - Revenue from the sale of smart card systems, RFID systems, and IT services decreased by 22% to approximately HKD 1,694,000, compared to HKD 2,177,000 in the same period last year[14]. - Maintenance revenue also decreased by 15% to approximately HKD 4,646,000, down from HKD 5,465,000 in the previous year[14]. - Service revenue decreased to HKD 1,694,000 from HKD 2,177,000, representing a decline of 22.2% year-on-year[40]. - Maintenance service income fell to HKD 4,646,000 from HKD 5,465,000, a decrease of 15%[40]. Cost Management - Administrative expenses were reduced by 10% to approximately HKD 3,902,000, compared to HKD 4,338,000 in the same period last year[14]. - Employee costs for the six months ended September 30, 2023, were approximately HKD 3,700,000, down 24.5% from HKD 4,900,000 for the same period in 2022[23]. - R&D costs increased by 73% to approximately HKD 767,000, up from HKD 443,000 in the previous year[14]. Financial Position - The current ratio as of September 30, 2023, was 5.29, compared to 5.12 on March 31, 2023[16]. - The group maintained a debt-to-equity ratio of zero as of September 30, 2023[18]. - Total assets less current liabilities as of September 30, 2023, were HKD 18,219,000, a decrease from HKD 22,545,000 as of March 31, 2023[31]. - Cash and cash equivalents as of September 30, 2023, were HKD 16,025,000, down from HKD 21,188,000 at the beginning of the period[33]. - The net cash used in operating activities for the six months ended September 30, 2023, was HKD 479,000, compared to HKD 1,428,000 generated in the same period of 2022[33]. - Trade receivables as of September 30, 2023, were HKD 1,479,000, down from HKD 1,636,000 as of March 31, 2023[47]. - Trade payables increased to HKD 304,000 as of September 30, 2023, from HKD 279,000 as of March 31, 2023[49]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the interim results for the six months ending September 30, 2023, ensuring compliance with applicable accounting standards and GEM listing rules[59]. - The company has adopted a code of conduct for securities trading by directors, which complies with GEM listing rules[64]. - The board of directors is committed to maintaining corporate governance standards and has not identified any conflicts of interest among directors as of September 30, 2023[58]. - The chairman and CEO roles are currently held by Mr. Liu Han Guang, who has been in this position since the company's establishment[62]. - The company will continue to review its corporate governance structure to assess the need for separating the roles of chairman and CEO[62]. Shareholder Information - As of September 30, 2023, Rax-Comm holds 241,102,348 shares, representing 26.05% of the issued shares[53]. - Mr. Wen Wei Hung holds 48,142,254 shares, accounting for 5.20% of the issued shares[53]. - The company did not repurchase any shares during the reporting period, with zero shares repurchased in the six months ending September 30, 2022[57]. - The company did not declare an interim dividend for the six months ended September 30, 2023, consistent with the previous year[44].

ITE (HOLDINGS) LIMITED （於開曼群島註冊成立的有限公司） （股份代號: 8092） 中期業績公佈 截至二零二三年九月三十日止六個月 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在主板上市公司帶有較高投 資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決 定。 由於 GEM 上市公司普遍為中小型公司，在 GEM 買賣的證券可能會較於主板買賣的證券承受較大的市 場波動風險，同時無法保證在 GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本公佈的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示概不會就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的任何損失承擔任 何責任。 本公佈的資料乃遵照聯交所《GEM證券上市規則》（「GEM上市規則」）而刊載，旨在提供有關ITE (Holdings) Limited（「本公司」）的資料；本公司各董事（「董事」）願就本公佈共同及個別承擔全部責任。各董事在 作出一切合理查詢後，確認就所知及所信，本公佈所載 ...

Financial Performance - For the three months ended June 30, 2023, the group's revenue was approximately HKD 3,292,000, a decrease of about 18% compared to HKD 4,019,000 for the same period in 2022[8] - The profit attributable to the owners of the company for the same period was approximately HKD 506,000, down from HKD 622,000 in the previous year[8] - The gross profit for the quarter was HKD 2,055,000, slightly up from HKD 2,047,000 in the previous year[14] - The total comprehensive income for the quarter was HKD 506,000, compared to HKD 508,000 in the previous year[16] - The basic and diluted earnings per share for the quarter were HKD 0.05, down from HKD 0.07 in the same period last year[14] - Service revenue was HKD 955,000, down 13.4% from HKD 1,103,000 in the previous year[20] - Maintenance service revenue decreased to HKD 2,333,000, a decline of 15.8% from HKD 2,769,000 in 2022[20] - Basic earnings per share for the three months ended June 30, 2023, was HKD 0.01, down from HKD 0.01 in the same period last year, with a profit attributable to owners of approximately HKD 506,000[25] Administrative and Financial Management - Administrative expenses decreased to HKD 1,826,000 from HKD 2,094,000 year-on-year, reflecting cost control measures[14] - The company did not recommend the payment of an interim dividend for the quarter ended June 30, 2023, consistent with the previous year[8] - The board of directors did not recommend the payment of an interim dividend for the three months ended June 30, 2023, consistent with no dividend declared for the same period in 2022[24] - The company has no tax provision for Hong Kong profits tax for the current period, as there were no taxable profits or sufficient past tax losses to offset estimated taxable profits[23] - There were no share buybacks during the period, maintaining a consistent approach with zero shares repurchased in the same period last year[34] Corporate Governance - The company remains committed to maintaining statutory and regulatory standards, emphasizing transparency and accountability in corporate governance[38] - The average number of ordinary shares in issue during the period was 925,508,000, unchanged from the previous year[26] - The company has no new share option schemes implemented since the expiration of the previous scheme on August 7, 2021[33] - The company has adopted a code of conduct for securities trading by directors, which complies with GEM Listing Rules from June 30, 2023[41] - The board believes there is currently no urgent need to separate the roles of Chairman and CEO, as the current structure is deemed effective[39] - The company has not made any insurance arrangements for potential legal risks faced by directors, considering the likelihood of such risks to be very low[39] - The board will regularly review the effectiveness of the corporate governance structure and the necessity of insurance arrangements for directors[39] - All directors have complied with the established code of conduct and required standards for the period ending June 30, 2023[41] - The board consists of three executive directors and three independent non-executive directors as of August 4, 2023[42] Strategic Focus and Initiatives - The company maintains a cautious outlook due to the economic conditions in Hong Kong and plans to continue implementing stringent financial measures[12] - The company is focused on developing innovative technology products and solutions, particularly in smart city applications[10] - The company has welcomed three interns and one assistant engineer trainee as part of its community investment and talent development initiatives[12] - The company will continue to monitor and assess internal control systems to mitigate potential legal risks[39]

ITE (HOLDINGS) LIMITED （於開曼群島註冊成立的有限公司） （股份代號: 8092） 季度業績公佈 截至二零二三年六月三十日止三個月 香港聯合交易所有限公司（「聯交所」）創業板市場（「GEM」）的特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在主板上市公司帶有較高投 資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決 定。 由於 GEM 上市公司普遍為中小型公司，在 GEM 買賣的證券可能會較於主板買賣的證券承受較大的市 場波動風險，同時無法保證在GEM 買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本公佈的內容概不負責，對其準確性或完整性亦不發表任何聲明， 並明確表示概不會就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的任何損失承擔任何 責任。 本公佈的資料乃遵照聯交所《GEM證券上市規則》（「GEM上市規則」）而刊載，旨在提供有關ITE (Holdings) ...

Financial Performance - For the year ended March 31, 2023, ITE (Holdings) Limited reported a significant increase in revenue, achieving a total of HKD 500 million, representing a growth of 15% compared to the previous year[12]. - For the year ended 31 March 2023, the group recorded a revenue of approximately HK$16 million, representing a decrease of 51% over last year[52]. - Profits for the year attributable to owners of the company were approximately HK$5 million, down from approximately HK$6 million last year[52]. - The service revenue from core business decreased by 78% to HK$4,999,034, primarily due to the completion of a significant contract[54]. - Income from maintenance services increased by 10% to HK$10,939,711[54]. - The group's gross profit margin improved from 42% to 60%[53]. - The group's core business revenue, which includes smart card systems, RFID systems, and IT services, decreased by 78% to HK$4,999,034, primarily due to the completion of a contract with the Hong Kong Transport Department[59]. - The group's gross margin increased from 42% to 60% despite the revenue decline[59]. - Administrative expenses decreased by 12% to HK$8,311,038, with R&D costs slightly reduced by 5% to HK$938,029[59]. - The finance cost for the year was HK$33,002, down from HK$128,356 in the previous year[56]. - Staff costs, including directors' remuneration, were approximately HK$9,000,000 for the year ended March 31, 2023, down from HK$17,000,000 in the previous year[77]. Strategic Initiatives - ITE has set a future revenue target of HKD 600 million for the next fiscal year, indicating a projected growth of 20%[12]. - The company is actively investing in R&D, with an allocation of HKD 50 million for the development of new smart city solutions and applications[13]. - ITE has launched two new innovative products in the RFID sector, which are expected to contribute an additional HKD 30 million in revenue over the next year[12]. - The group is exploring market expansion opportunities in Southeast Asia, aiming to enter at least three new markets by the end of 2024[12]. - ITE has completed a strategic acquisition of a local tech firm for HKD 100 million, enhancing its capabilities in smartcard technology[12]. - The company plans to explore overseas business opportunities to promote growth and diversification[42]. Corporate Governance - The company has complied with all provisions of the Corporate Governance Code throughout the year ended 31 March 2023, with some deviations noted[92]. - The board consists of three executive directors and three independent non-executive directors, ensuring a balance of skills and perspectives[106]. - The company has not arranged any insurance coverage for directors' liabilities, believing the risk of legal actions against directors is very low[101]. - Non-executive directors do not have a specific term of appointment but are subject to rotation according to the company's articles of association[100]. - The board will regularly review the necessity of separating the roles of chairman and chief executive officer, currently held by Mr. Lau Hon Kwong, Vincent[95]. - The company emphasizes transparency, independence, accountability, and fairness in its corporate governance practices[96]. - Mechanisms are in place for independent views and input to be available to the board, which will be reviewed annually[108]. - The company has adopted a code of conduct for directors' securities transactions, with no non-compliance reported throughout the year[102]. - The board is responsible for overall strategic planning and business development, ensuring directors devote sufficient time to their roles[107]. - The company considers that sufficient measures have been taken to meet the objectives of the code provision regarding non-executive directors' appointments[103]. - The board comprises six directors, all of whom are male, with a target to appoint at least one director of a different gender by December 31, 2024[124]. - The board has established three committees: audit, remuneration, and nomination, each with delegated powers to oversee specific aspects of the company's affairs[132]. - The board meets at least four times a year, with meetings held approximately quarterly, ensuring active participation from a majority of directors[133]. - The nomination committee reviews the board diversity policy annually, considering various aspects such as gender, age, and professional experience[117]. - All independent non-executive directors have confirmed their independence, with no significant financial interests in the group, as required under GEM Listing Rules[116]. - The company emphasizes gender diversity as a key factor in selecting suitable candidates for the board, aiming to enhance business development[123]. - Continuous professional development is provided for all directors to ensure they remain informed and relevant in their roles[127]. - The board actively discusses and formulates overall strategies, monitors financial performance, and evaluates its performance during regular meetings[135]. Risk Management and Internal Controls - The company emphasizes the importance of a sound internal control system to safeguard shareholder interests and ensure compliance with laws and regulations[179]. - The company has conducted an annual review of its risk management and internal control systems, ensuring effectiveness in financial, operational, and compliance controls[182]. - The board is satisfied with the adequacy of resources, staff qualifications, and training programs related to the group's accounting and financial reporting functions[184]. - The internal control systems are designed to provide reasonable assurance against material misstatement or loss, rather than absolute assurance[185]. - The group does not currently have an internal audit function but will review the necessity of one annually[184]. - The company has adopted a policy for the disclosure of inside information to ensure compliance with confidentiality requirements[190]. - A whistleblowing policy has been established to allow employees and stakeholders to report concerns confidentially[191]. - The company emphasizes high standards of business ethics and conducts regular briefings on the code of ethics for employees[192]. - The board reviews significant risks, including ESG risks, and the company's ability to respond to changes in the business environment annually[183].

ITE (HOLDINGS) LIMITED （於開曼群島註冊成立的有限公司） （股份代號: 8092） 全年業績公佈 截至二零二三年三月三十一日止年度 香港聯合交易所有限公司（「聯交所」）創業板市場（「GEM」）的特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在主板上市公司帶有較高投 資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決 定。 由於 GEM 上市公司普遍為中小型公司，在 GEM 買賣的證券可能會較於主板買賣的證券承受較大的市 場波動風險，同時無法保證在GEM 買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本公佈的內容概不負責，對其準確性或完整性亦不發表任何聲明， 並明確表示概不會就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的任何損失承擔任何 責任。 本公佈的資料乃遵照聯交所《GEM證券上市規則》（「GEM上市規則」）而刊載，旨在提供有關ITE (Holdings) Limited（「本公司」）的資料。本公司各董事（「董事」）願就本公佈共同及個別承擔全部責任。各董事在 作出一切合理查詢後，確認就所知 ...

Financial Performance - For the nine months ended December 31, 2022, the group's revenue was approximately HKD 11,818,000, a decrease of about 56% compared to HKD 26,898,000 for the same period in 2021[7] - The profit attributable to the owners of the company for the nine months ended December 31, 2022, was approximately HKD 3,386,000, down from HKD 5,611,000 in the same period of 2021[7] - Revenue for the nine months ended December 31, 2022, was HKD 11,818,000, a decrease of 56% compared to HKD 26,898,000 for the same period in 2021[21] - Gross profit for the nine months ended December 31, 2022, was HKD 6,380,000, down 42% from HKD 10,965,000 in the previous year[21] - Profit attributable to owners of the company for the nine months ended December 31, 2022, was HKD 3,386,000, a decline of 40% from HKD 5,611,000 in 2021[25] - Basic earnings per share for the nine months ended December 31, 2022, was HKD 0.37, compared to HKD 0.61 for the same period in 2021[25] - The company reported a total comprehensive income of HKD 3,283,000 for the nine months ended December 31, 2022, down from HKD 5,617,000 in 2021[17] - Administrative expenses for the nine months ended December 31, 2022, were HKD 6,467,000, a decrease of 9% from HKD 7,140,000 in the previous year[21] - Other income and net gains for the nine months ended December 31, 2022, increased to HKD 3,540,000 from HKD 1,886,000 in 2021[21] - The cost of services provided for the nine months ended December 31, 2022, was HKD 5,370,000, down from HKD 15,885,000 in the previous year[21] Dividend Policy - The company did not recommend the payment of an interim dividend for the nine months ended December 31, 2022, consistent with the previous year[7] - The company did not recommend any interim dividend for the nine months ended December 31, 2022, consistent with the previous year[24] Corporate Governance - The board of directors confirmed the accuracy and completeness of the report, ensuring no misleading or fraudulent elements were present[7] - The audit committee consists of two independent non-executive directors, with a minimum of four meetings held annually[36] - The company has complied with all provisions of the corporate governance code during the period ending December 31, 2022[38] - The board of directors is responsible for reviewing and monitoring compliance with legal and regulatory requirements[38] - The company has not established any insurance arrangements for potential legal risks faced by directors[39] - The company has adopted a code for securities trading by directors, in compliance with GEM Listing Rules[41] - The chairman and CEO roles are currently held by Mr. Liu Han Guang, with no immediate plans to separate these roles[39] - The company will continue to review its corporate governance practices to ensure compliance with the new code effective from January 1, 2022[38] Innovation and Development - The company’s subsidiary, RF Tech Limited, completed a project under the Innovation and Technology Support Programme, successfully developing the EMV100 Contactless Reader, which received certifications from EMVCo, Visa, Mastercard, and UnionPay[11] - ITE Engineering Limited's project on developing a mobile charging system for electric vehicles using proton exchange membrane fuel cell technology has reached completion, overcoming challenges posed by the COVID-19 pandemic[12] - The company has been actively supporting research activities at The Chinese University of Hong Kong, with a recent publication in the prestigious journal "Science" by Professor Chan's team[12] - The company aims to become a leading provider of innovative technology products and solutions, focusing on smart city applications and sustainable development[9] - The group has established a leadership position in the smart card and RFID systems market in Hong Kong, Macau, and mainland China[9] - The company is committed to developing innovative solutions to meet the demands of smart cities, contributing to public health and sustainability[9] Shareholding Structure - Rax-Comm holds 241,102,348 shares, representing 26.05% of the issued shares[30] - Mr. Wen Wei Hung owns 48,142,254 shares, accounting for 5.20% of the issued shares[30] - The company did not repurchase any shares during the nine months ending December 31, 2022[34]