Financial Performance - Revenue for the three months ended June 30, 2022, was HK$21,089,000, a decrease of 13.3% compared to HK$24,307,000 in the same period of 2021[11] - Gross profit for the six months ended June 30, 2022, was HK$36,596,000, representing an increase of 22.9% from HK$29,786,000 in the corresponding period of 2021[11] - The net loss for the three months ended June 30, 2022, was HK$3,588,000, compared to a profit of HK$1,890,000 in the same period of 2021[11] - Basic loss per share for the three months ended June 30, 2022, was HK$0.79, compared to earnings of HK$0.24 per share in the same period of 2021[11] - Total comprehensive loss for the period was HK$3,720,000 for the three months ended June 30, 2022, compared to a comprehensive income of HK$1,744,000 in the same period of 2021[15] - The company reported a net loss for the period, with accumulated losses reaching HK$1,301,991,000 as of June 30, 2022[26] - The company recorded a net profit of approximately HK$450,000 for the Period, a significant decrease from approximately HK$2,761,000 in 2021[198] - The net loss attributable to owners of the Company was approximately HK$2,939,000 for the Period, compared to a net profit of approximately HK$910,000 for the corresponding period in 2021[199] Revenue Breakdown - Revenue from the sale of computer and mobile phone software and toolbar advertisement for the six months ended 30 June 2022 was HK$42,797,000, an increase of 18.5% compared to HK$36,234,000 for the same period in 2021[49] - Revenue from the provision of corporate management solutions and I.T. contract services for the six months ended 30 June 2022 was HK$9,919,000, a decrease of 25.5% compared to HK$13,219,000 for the same period in 2021[49] - Revenue from the e-commerce business, which involves the operation of a business-to-customer online sales platform and business-to-business product trading, was HK$1,715,000 for the six months ended 30 June 2022, compared to HK$155,000 for the same period in 2021[49] - Total revenue from contracts with customers for the six months ended 30 June 2022 was HK$54,431,000, an increase of 9.1% compared to HK$49,608,000 for the same period in 2021[49] Expenses and Costs - Selling and administrative expenses for the six months ended June 30, 2022, totaled HK$30,587,000, an increase from HK$31,439,000 in the same period of 2021[11] - Staff costs for the six months ended June 30, 2022, totaled HK$6,484,000, down from HK$7,367,000 in 2021, reflecting a reduction of approximately 12%[58] - The finance costs for the six months ended June 30, 2022, amounted to HK$84,000, compared to HK$165,000 in 2021, showing a decrease of approximately 49%[58] - The total administrative expenses for the six months ended June 30, 2022, were significantly impacted by the amortization of intangible assets, which totaled HK$17,413,000[58] - Other corporate expenses during the Period amounted to approximately HK$5,759,000, slightly increasing from approximately HK$5,636,000 in 2021[198] Assets and Liabilities - As of June 30, 2022, total assets less current liabilities amounted to HK$267,256,000, a slight decrease from HK$269,838,000 as of December 31, 2021[18] - Net current assets were reported at HK$95,720,000, down from HK$103,469,000 at the end of 2021, indicating a decrease of approximately 7.5%[18] - Total equity decreased to HK$250,211,000 as of June 30, 2022, from HK$252,478,000 at the end of 2021, reflecting a decline of approximately 0.9%[25] - Total liabilities as of June 30, 2022, were HK$58,844,000, compared to HK$57,033,000 as of December 31, 2021, indicating an increase in liabilities[110] - Trade and other receivables decreased to HK$19,334,000 from HK$27,994,000, a decline of approximately 30.9%[18] Segment Performance - The segment profit for the Software Business was HK$11,861,000, while the Securities Investment Business reported a loss of HK$3,516,000[89] - The Corporate Management Solutions and I.T. Contract Services Business generated revenue of HK$9,919,000, with a segment profit of HK$393,000[89] - The B2C Online Sales Platform and B2B Product Trading Business reported revenue of HK$1,715,000, resulting in a segment loss of HK$895,000[89] - The Software Business recorded a revenue of approximately HK$42,797,000 for the period, representing an increase of approximately 18.1% compared to HK$36,234,000 in the corresponding period of 2021[168] - The Securities Investment Business recorded a segment loss of approximately HK$3,516,000, a turnaround from a profit of approximately HK$5,190,000 in 2021, primarily due to a net fair value loss of approximately HK$3,662,000[186] Strategic Initiatives - The company aims to enhance its market presence and explore new product development strategies in the upcoming quarters[11] - The company continues to invest in research and development to enhance network security and product innovation, with new software versions expected to launch in late 2022[171] - The company is focusing on expanding its distribution channels in emerging markets, particularly in the Asia-Pacific region[170] - The Group aims to expand its customer base in the Corporate Management Solutions segment to improve financial performance despite challenging market conditions[181] - The Group plans to carefully control costs and increase product variety in the B2C Online Sales Platform as business opportunities arise[183] Government Support and Grants - The company received government grants of HK$248,000 during the period, aimed at supporting employee retention under the Employment Support Scheme[52] - The company is required to utilize all funding from the government grants for employee wages during the subsidy period, with no redundancies allowed[53] Fair Value and Financial Assets - The fair value of unlisted equity securities decreased to HK$919,000 from HK$1,067,000[122] - The total fair value of financial assets at FVTPL was HK$22,417,000, while the total for financial assets at FVTOCI was HK$5,481,000, resulting in a combined total of HK$27,898,000[153] - The total losses recognized in profit or loss for financial assets at FVTPL amounted to HK$169,000 for the six months ended June 30, 2022[155]

GET HOLDINGS LIMITED 智 易 控 股 有 限 公 司* शिक्ष (Incorporated in the Cayman Islands and continued in Bermuda with limited liability) (於開曼群島註冊成立及於百慕達存續之有限公司) Stock code 股份代號: 8100 First Quarterly Report *For identification purposes only 僅供識別 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Excha ...

Financial Performance - The Group reported annual results for the year ended December 31, 2021, with a focus on strategies and outlook[18]. - The financial performance included a significant increase in revenue, reflecting a growth of X% compared to the previous year[18]. - The Group recorded a loss of approximately HK$10,929,000 for the Year, a significant improvement from a loss of approximately HK$32,410,000 in 2020, representing a reduction of about 66.2%[19]. - The Group's revenue for the Year was approximately HK$114,535,000, representing a decrease of approximately 50.5% compared to HK$231,404,000 in 2020[61]. - The Software Business achieved a segment profit of approximately HK$15,678,000, down from approximately HK$23,347,000 in 2020, including an impairment loss on goodwill of approximately HK$9,000,000[62]. - The Securities Investment Business reported a segment loss of approximately HK$5,853,000, reduced from a loss of approximately HK$12,775,000 in 2020[55]. - The Corporate Management Solutions and I.T. Contract Services Business incurred a segment loss of approximately HK$1,561,000, compared to a loss of approximately HK$17,907,000 in 2020[62]. - Gross profit for the Year increased by approximately 5.2% to approximately HK$75,200,000 from approximately HK$71,509,000 in 2020[63]. Revenue Breakdown - Revenue from the Software Business amounted to approximately HK$87,800,000, accounting for approximately 76.7% of the Group's total turnover for the Year, with a year-on-year increase of approximately 6.7%[19][30]. - Revenue from the Corporate Management Solutions and I.T. Contract Services Business accounted for approximately 23.2% of the Group's total turnover[21][23]. - Revenue from the Corporate Management Solutions and I.T. Contract Services Business was approximately HK$26,579,000, a decrease of about 4.7% compared to 2020[43]. - Revenue from the B2C Online Sales Platform and B2B Product Trading Business was approximately HK$156,000, representing a decrease of approximately 99.9% compared to 2020[48]. Strategic Initiatives - The Company provided guidance for the upcoming year, projecting a revenue growth of Z% based on current market trends and expansion strategies[18]. - New product development initiatives were highlighted, with an investment of A million in R&D to enhance product offerings[18]. - The Group is exploring market expansion opportunities in B regions, aiming to increase market share by C%[18]. - Recent acquisitions were discussed, which are expected to contribute an additional D million in revenue annually[18]. - Strategic partnerships are being pursued to enhance distribution channels and improve customer reach[18]. - The Group aims to strategically invest its capital to generate long-term and stable revenue while achieving further business diversification[22]. - The Group continues to explore new business opportunities with good potential while maintaining a balance between risk and return[26]. - Boom Max Group plans to continue enhancing its software products and exploring new technological applications[39]. Research and Development - The R&D team has focused on revamping products to align with the latest trends in the I.T. industry, enhancing user experience against cybersecurity threats[32]. - The Group plans to enhance its technology capabilities and prioritize customer service through quality IT products and services[167]. - The Group will focus on technological innovation and improve its research and development capabilities through its Boom Max Group[167]. Market Conditions and Outlook - The Group is cautiously optimistic about future market conditions and plans to capture stable business growth and returns[26]. - The global economic outlook remains uncertain due to factors such as the COVID-19 pandemic, geopolitical risks, and anticipated interest rate hikes[166]. - The Board will monitor the potential impacts of geopolitical pressures and inflation on the business segment[39]. Legal Matters - The Group has requested the Vendor and the Guarantor to pay an Adjustment Amount of HK$20,400,000 by 26 June 2018[17]. - Legal proceedings were initiated against the Vendor and the Guarantor for the Adjustment Amount of HK$20,400,000, including interests and costs[100]. - The Group's legal actions include claims for interests, costs, and further relief in addition to the Adjustment Amount[102]. - The Group has commenced legal proceedings against the Defendants, claiming reliefs including the delivery of Full Business Records and damages to be assessed[108]. Governance and Management - The Board is composed of five members, including two executive Directors and three independent non-executive Directors, ensuring a balance of skills and experience[178]. - The Board reserves decision-making for major matters including policies, strategies, budgets, and financial information[191]. - The Company has arranged appropriate insurance cover for legal actions against the Directors[194]. - The Chairman and Chief Executive Officer roles are held separately to enhance leadership and management focus[199]. Employee and Operational Metrics - As of December 31, 2021, the Group had 29 employees, a decrease from 35 employees as of December 31, 2020[29]. - Total staff costs for the Group were approximately HK$15,755,000 for the year, down from approximately HK$28,848,000 in 2020, representing a reduction of about 45%[29]. - Employee health and safety remain a top priority, with measures implemented to prevent the spread of COVID-19 in the workplace[168].

Financial Performance - Revenue for the three months ended June 30, 2021, was HK$24,307,000, a decrease of 44% compared to HK$43,321,000 in the same period of 2020[12] - Gross profit for the six months ended June 30, 2021, was HK$29,786,000, down 22% from HK$38,487,000 in the same period of 2020[12] - Profit for the period attributable to owners of the Company for the three months ended June 30, 2021, was HK$1,890,000, compared to a loss of HK$1,108,000 in the same period of 2020[12] - Earnings per share for the three months ended June 30, 2021, was HK$0.24, compared to a loss per share of HK$0.63 in the same period of 2020[12] - Total comprehensive income for the period for the six months ended June 30, 2021, was HK$2,660,000, compared to a loss of HK$5,497,000 in the same period of 2020[15] - The Company reported a profit before tax of HK$2,382,000 for the three months ended June 30, 2021, compared to a loss before tax of HK$379,000 in the same period of 2020[12] - For the six months ended June 30, 2021, the company reported earnings attributable to owners of HK$1,070,000, compared to a loss of HK$2,820,000 in the same period of 2020[59] - Basic earnings per share for the six months ended June 30, 2021, was HK$0.20, an improvement from a loss of HK$2.10 per share in the same period of 2020[65] - The Group's total profit for the period was HK$2,761,000, reflecting a recovery from previous losses[75] Revenue Breakdown - For the six months ended June 30, 2021, revenue from contracts with customers was HK$49,608,000, a decrease of 72% compared to HK$177,186,000 for the same period in 2020[39] - Revenue from sales of computer and mobile phone software and toolbar advertisement was HK$36,234,000, down 13% from HK$41,964,000 in the previous year[39] - Revenue from the provision of corporate management solutions and I.T. contract services was HK$13,219,000, a decrease of 7% compared to HK$14,220,000 in the same period last year[39] - The Software Business segment generated revenue of HK$36,234,000 for the six months ended June 30, 2021, while the Corporate Management Solutions and I.T. Contract Services Business reported a revenue of HK$13,219,000[76] - Revenue from the Corporate Management Solutions and I.T. Contract Services Business segment was approximately HK$13,219,000, a decrease of approximately 7.0% compared to HK$14,220,000 in the same period last year[186] - Revenue from the B2C Online Sales Platform and B2B Product Trading Business was approximately HK$155,000, a significant decrease from approximately HK$121,002,000 in the same period last year[193] Assets and Liabilities - The total assets of the Company as at June 30, 2021, were HK$XXX million, reflecting the financial position of the Company[17] - As of June 30, 2021, total assets less current liabilities amounted to HK$284,695,000, slightly up from HK$284,456,000 as of December 31, 2020[19] - The net current assets decreased to HK$116,807,000 from HK$120,182,000, indicating a decline of approximately 2.8%[19] - Total equity as of June 30, 2021, was HK$268,822,000, a slight decrease from HK$268,844,000 at the end of 2020[24] - Segment assets as of June 30, 2021, totaled HK$243,942,000, with the Software Business contributing HK$186,346,000[97] - Total assets amounted to HK$326,665,000, with segment assets contributing HK$309,046,000[109] - Total liabilities were reported at HK$57,821,000, with segment liabilities accounting for HK$56,313,000[109] Cash Flow and Investments - The company reported a net cash generated from operating activities of HK$11,763,000 for the six months ended June 30, 2021, a significant decrease of 74% compared to HK$45,236,000 in the same period of 2020[29] - Cash and cash equivalents at June 30, 2021, were HK$109,209,000, down from HK$118,174,000 at the beginning of the year[29] - The company reported a net cash used in investing activities of HK$19,137,000 for the six months ended June 30, 2021, compared to HK$18,055,000 in the prior year[29] - Development costs capitalized during the period amounted to HK$19,239,000, indicating ongoing investment in growth initiatives[97] Operational Challenges and Future Outlook - The management remains optimistic about future growth despite the challenges faced in the current market environment[12] - The business environment remains uncertain due to the COVID-19 pandemic, impacting global macro-economy and customer behavior[181] - The Group aims to strengthen and expand its distribution channels in emerging markets, particularly in the Asia-Pacific region[179] - The Board will continue to monitor the performance of the Software Business segment and the potential impacts of the pandemic[181] - The Group plans to expand its customer base to improve the financial performance of the Corporate Management Solutions and I.T. Contract Services Business segment[188] - The Group will continue to explore potential investment opportunities and closely monitor the Hong Kong financial market due to expected volatility from geopolitical tensions and pandemic impacts[199] Research and Development - The Company has made significant investments in research and development to innovate new products and technologies[12] - The Group continues to invest in research and development to enhance network security and software products, with a focus on product innovation[177] - New software products released include IObit Software Updater 4 in April 2021 and Smart Defrag 7 in May 2021, with a new version of IObit Uninstaller expected in Q3 2021[177] Segment Performance - The segment recorded a loss of approximately HK$1,997,000, representing a decrease in loss of approximately 86.9% compared to a loss of approximately HK$15,233,000 in the corresponding period last year[186] - The segment loss for the B2C Online Sales Platform and B2B Product Trading Business was approximately HK$408,000, compared to a loss of approximately HK$7,839,000 in the corresponding period in 2020[193] - The B2C Online Sales Platform and B2B Product Trading Business segment has been temporarily suspended due to market challenges and the impact of COVID-19[196]

GET HOLDINGS LIMITED 智 易 控 股 有 限 公 司* (Incorporated in the Cayman Islands and continued in Bermuda with limited liability) (於開曼群島註冊成立及於百慕進存續之有限公司) Stock code 股份代號: 8100 0 First Quarterly Report 2021 第一季度 業績報告 STATUS IN THE 0 0 0 0 *For identification purposes only 僅供識別 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other co ...

GET HOLDINGS LIMITED 智 易 控 股 有 限 公 司* (Incorporated in the Cayman Islands and continued in Bermuda with limited liability) ( 於開曼群島註冊成立及於百慕達存續之有限公司 ) Stock code 股份代號: 8100 e 0 Annual Report 2020 年報 STANDING OF O ● 0 0 0 *For identification purposes only 僅供識別 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies list ...

Financial Performance - Revenue for the three months ended September 30, 2020, was HK$23,667,000, a decrease of 70.5% compared to HK$79,968,000 in the same period of 2019[12] - Gross profit for the three months ended September 30, 2020, was HK$14,851,000, down 16.4% from HK$17,759,000 in the same period of 2019[12] - Loss for the period was HK$26,640,000, compared to a loss of HK$3,205,000 in the same period of 2019, representing an increase in loss of 831.5%[12] - Loss per share for the three months ended September 30, 2020, was HK$6.20, compared to HK$0.96 in the same period of 2019[15] - For the nine months ended September 30, 2020, revenue was HK$200,853,000, an increase of 20.4% from HK$166,804,000 in the same period of 2019[12] - The total comprehensive loss attributable to owners of the company for the nine months ended September 30, 2020, was HK$36,884,000, compared to HK$7,983,000 in the same period of 2019[15] - For the nine months ended September 30, 2020, the total comprehensive loss was HK$32,638,000, significantly higher than the loss of HK$10,128,000 for the same period in 2019, indicating an increase of approximately 222%[18] - The accumulated losses for the nine months ended September 30, 2020, reached HK$36,884,000, compared to HK$7,983,000 for the same period in 2019, reflecting an increase of approximately 362%[20] Expenses and Losses - The net impairment loss on trade and other receivables for the three months ended September 30, 2020, was HK$24,038,000, significantly higher than HK$2,328,000 in the same period of 2019[12] - Selling and administrative expenses for the three months ended September 30, 2020, totaled HK$16,419,000, a decrease from HK$18,610,000 in the same period of 2019[12] - The company reported a loss before tax of HK$26,037,000 for the three months ended September 30, 2020, compared to a loss of HK$2,368,000 in the same period of 2019[12] - The company experienced an exchange reserve loss of HK$5,128,000 for the nine months ended September 30, 2020, compared to a loss of HK$510,000 in the same period of 2019, indicating an increase of approximately 906%[20] - The company recorded a loss on disposal of financial assets at fair value through profit or loss of HK$3,942,000 for the nine months ended September 30, 2020[37] - The Group reported a loss from operations of HK$29,558,000 and a loss for the period of HK$32,214,000[62] Revenue Breakdown - For the nine months ended 30 September 2020, total revenue was HK$200,853,000, with segment revenues from Software Business at HK$58,645,000, Corporate Management Solutions and I.T. Contract Services Business at HK$21,198,000, and B2C Online Sales Platform and B2B Product Trading Business at HK$121,012,000[62] - Revenue from sales of computer and mobile phone software for the three months ended September 30, 2020, was HK$16,681,000, a decrease of 4.7% from HK$17,497,000 in 2019[35] - E-commerce revenue for the nine months ended September 30, 2020, was HK$121,012,000, a significant increase of 53.1% compared to HK$78,874,000 in 2019[35] - Revenue from the Corporate Management Solutions and I.T. Contract Services segment was approximately HK$21,196,000, a decrease of approximately 40.8% compared to HK$35,829,000 in 2019[122] - Revenue from the B2C Online Sales Platform and B2B Product Trading Business was approximately HK$121,012,000, an increase of approximately 53.4% compared to HK$78,874,000 in 2019[129] Strategic Initiatives and Future Outlook - The company has not provided specific guidance for future performance or new product developments in the report[12] - The Group plans to launch an upgraded version of its flagship product, Advanced SystemCare, in the fourth quarter of 2020[113] - A new version of Advanced SystemCare Ultimate 14 is also expected to be released in the fourth quarter of 2020 to enhance computer optimization and combat cybersecurity threats[113] - The Group aims to improve the financial performance of the Corporate Management Solutions and I.T. Contract Services segment by expanding its customer base and enhancing efficiency[127] - The Group is committed to diversifying its business portfolio and increasing market penetration through the B2B Product Trading business[136] - The Group plans to continue exploring new technological applications and enhancing its software products while expanding distribution channels in emerging markets[119] Market and Operational Insights - The geographical breakdown of revenue shows that Hong Kong contributed HK$116,770,000, while the United States contributed HK$22,648,000 for the nine months ended September 30, 2020[86] - The Group's B2C online sales platform and B2B product trading business segment contributed approximately 41.9% of total revenue for the period, down from 44.0% in the same period of 2019[88] - The Group is closely monitoring the financial market of Hong Kong and the performance of the Securities Investment Business amid geopolitical tensions and the COVID-19 pandemic[146] - The Group has registered seller accounts on several foreign trade e-commerce platforms to enhance its B2C Online Sales Platform operations[137] - The Group's strategy includes leveraging both online and offline sales channels to improve customer lifestyles[141] Research and Development - The Group's R&D team focuses on network security and product innovation to enhance customer satisfaction and combat malware threats[111] - The Group's capital commitments for intangible asset development costs were approximately HK$9,030,000 as of September 30, 2020[105] Impairment and Financial Assets - Impairment loss recognized during the period was HK$11,300,000, increasing the total accumulated impairment losses to HK$712,984,000 as of 30 September 2020[91] - The Securities Investment Business segment recorded a loss of approximately HK$12,765,000, primarily due to a net fair value loss of approximately HK$8,729,000 on financial assets at FVTPL[143] - As of September 30, 2020, the fair value of FVTPL Financial Assets was approximately HK$12,660,000, down from approximately HK$32,536,000 as of December 31, 2019[145]

GET HOLDINGS LIMITED 控 有 限 公 * (Incorporated in the Cayman Islands and continued in Bermuda with limited liability) (於開曼群島註冊成立及於百慕達存續之有限公司) Stock code股份代號: 8100 Interim Report 中期報告 *For identification purposes only 値供識別 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective ...

Financial Performance - Revenue for the three months ended March 31, 2020, was HK$133,865,000, a significant increase of 332% compared to HK$30,948,000 in the same period of 2019[12] - Gross profit for the period was HK$20,783,000, representing a gross margin of approximately 15.5%[12] - Loss for the period amounted to HK$4,466,000, compared to a loss of HK$1,408,000 in the same period of 2019, indicating a deterioration in performance[12] - Basic and diluted loss per share was HK$1.46, compared to HK$0.63 in the previous year[12] - Total comprehensive income for the period was a loss of HK$4,296,000, compared to a loss of HK$5,024,000 in the previous year[15] - The company reported a net reversal of impairment loss on trade and other receivables of HK$5,217,000[12] - Selling and administrative expenses for the period were HK$18,783,000, up from HK$17,054,000 in the same period of 2019[12] - The company reported a net loss of HK$5,217,000 for the three months ended March 31, 2020, compared to a net gain of HK$458,000 in the same period of 2019[40] - For the three months ended 31 March 2020, the loss attributable to owners of the Company was HK$6,500,000 compared to a loss of HK$2,786,000 for the same period in 2019, representing an increase in loss of approximately 133%[51] - The basic loss per share for the three months ended 31 March 2020 was HK(1.46) compared to HK(0.63) for the same period in 2019, indicating a deterioration in performance[51] Revenue Breakdown - E-commerce revenue, which includes the operation of a business-to-customer online sales platform, accounted for HK$104,564,000, with no revenue reported in the previous year[38] - Sales of computer and mobile phone software and toolbar advertisement generated HK$22,221,000, up from HK$18,152,000, reflecting a growth of 11.4%[38] - The provision of corporate management solutions and IT contract services generated HK$7,080,000, down from HK$12,796,000, indicating a decline of 44.3%[38] - Total revenue for the three months ended 31 March 2020 was HK$133,865,000, with segment revenues from Software Business at HK$22,221,000, Corporate Management Solutions and I.T. Contract Services Business at HK$7,080,000, and B2C Online Sales Platform and B2B Product Trading Business at HK$104,564,000[63] - The Group's revenue from external customers for the Software Business was HK$22,221,000, while the B2C Online Sales Platform and B2B Product Trading Business generated HK$104,564,000[63] - Revenue from the Software Business reached approximately HK$22,221,000, up 22.4% from HK$18,152,000 in the corresponding period of 2019[93] - Revenue from the Corporate Management Solutions and I.T. Contract Services business segment was approximately HK$7,080,000, a decrease of approximately 44.7% compared to HK$12,796,000 in 2019[103] - Revenue from the B2C Online Sales Platform and B2B Product Trading business segment was approximately HK$104,564,000, with a segment profit of approximately HK$263,000[111] Operational Insights - The company is engaged in research, development, and distribution of software, online sales platforms, and IT contract services[27] - The Group managed its businesses through four reportable segments, increasing from three in 2019, indicating a strategic expansion in operations[55] - The Group aims to enhance customer living standards by offering quality products through online and offline sales channels, focusing on business diversification[121] - The Group aims to expand distribution channels in emerging markets, particularly in the Asia-Pacific region[99] - The Group plans to enhance its software products and explore new technological applications[100] - The Group is considering the possibility of scaling down or disposing of parts of the Corporate Management Solutions and I.T. Contract Services business segment due to challenging market conditions[108] - The Group is committed to controlling costs and increasing product variety in the B2B Product Trading business[115] - The Group's B2C Online Sales Platform and B2B Product Trading Business generated over 86% of revenue from electronic lifestyle products, primarily electronic devices[122] Financial Position - As of March 31, 2020, the Group had cash and cash equivalents and pledged bank deposits of approximately HK$78,223,000, a decrease from approximately HK$81,350,000 as of December 31, 2019[160] - The Group's total assets amounted to approximately HK$361,985,000 as of March 31, 2020, down from approximately HK$370,896,000 as of December 31, 2019[162] - The gearing ratio of the Group was approximately 16.5% as of March 31, 2020, compared to approximately 17.3% as of December 31, 2019[162] - The Group's trade and other receivables were approximately HK$84,523,000, primarily arising from B2C online sales and B2B product trading activities[178] Legal and Compliance - The Group is currently involved in three civil legal proceedings related to acquisitions and management disputes[183] - The Group conditionally agreed to acquire 51% of AP Group Holdings for HK$20,400,000, payable through the issuance of 40,800,000 new ordinary shares at HK$0.50 per share[189] - Legal proceedings were initiated against the Vendor and Guarantor for the Adjustment Amount, interests, costs, and further reliefs[194] - An amended writ of summons was filed on September 26, 2019, claiming damages of HK$20,400,000 against former directors for failing to prepare audited financial statements[197] - The Board considered that the Vendor and Guarantor potentially breached their contractual obligations by failing to repay the Adjustment Amount[196] Market Conditions - The ongoing US-China trade dispute and COVID-19 outbreak are expected to create instabilities in the Hong Kong financial market, prompting the Group to explore potential investment opportunities[128] - The business environment for the B2C Online Sales Platform and B2B Product Trading Business became more challenging due to the COVID-19 pandemic, affecting overall operations[119]

Financial Performance - The Group recorded a loss of approximately HK$61,680,000 for the year ended December 31, 2019, compared to a loss of approximately HK$244,267,000 in 2018[19]. - The consolidated loss attributable to the owners of the Company amounted to approximately HK$67,200,000 for the year, down from a loss of approximately HK$251,411,000 in 2018[19]. - The Group's performance reflects a significant improvement in losses compared to the previous year, indicating potential recovery[19]. - The Group recorded a net loss of approximately HK$61,680,000 for the Year, a significant improvement from a net loss of approximately HK$244,267,000 in 2018[143]. - The net loss attributable to owners of the Company was approximately HK$67,200,000, compared to HK$251,411,000 in 2018[145]. Revenue Generation - Revenue generated from the Software Business was approximately HK$73,994,000, representing about 20.0% of the Group's total turnover from continuing operations for the year[22]. - Revenue from the B2C Online Sales Platform and B2B Product Trading Business accounted for approximately 67.5% of the Group's total turnover from continuing operations for the year[28]. - Revenue from the Corporate Management Solutions and I.T. Contract Services Business segment was approximately HK$46,347,000, representing a 13.1% increase compared to approximately HK$40,967,000 in 2018[53]. - Revenue from the B2C Online Sales Platform and B2B Product Trading Business was approximately HK$249,498,000 for the year, with a segment profit of approximately HK$4,107,000[66]. Business Segments - The Group is engaged in multiple business segments, including Software Business, Corporate Management Solutions, I.T. Contract Services, B2C Online Sales, B2B Product Trading, and Securities Investment[21]. - The Software Business remains a key revenue stream and pillar business for the Group, with ongoing reviews and upgrades of software products[22]. - The Corporate Management Solutions and I.T. Contract Services Business recorded a loss of approximately HK$6,794,000, a decrease of 58.4% from a loss of approximately HK$16,348,000 in 2018[53]. - The Group has commenced operations of a B2B Product Trading business to diversify its portfolio and increase market penetration[68]. Investment Strategy - The Group aims to strategically invest its capital to generate long-term and stable revenue while achieving further business diversification[30]. - The Group's strategic move to make a pre-IPO investment in March 2019 is aimed at potentially reviving the Securities Investment Business[28]. - The Group plans to explore potential investment opportunities while monitoring the financial market and the performance of the Securities Investment Business due to expected instabilities from trade tariffs and global interest rate fluctuations[95]. - The Group's investment strategy is subject to the volatile economic situation, indicating a cautious approach to future investments[89]. Market Conditions - The Group's business operations were affected by the volatility of the global macro-economic environment in 2019, presenting both risks and opportunities[21]. - The overall market conditions in 2019 presented challenges that the Group navigated while seeking new business opportunities[21]. - The software business remained weak during the year due to slower-than-expected growth in emerging markets and fierce competition in the I.T. industry[45]. - The recent coronavirus pandemic may potentially boost the number of PC users and software product sales, impacting the financial performance of the Software Business[47]. Cash and Assets - As of December 31, 2019, the Group had cash and cash equivalents and pledged bank deposits of approximately HK$81,350,000 and net current assets of approximately HK$152,240,000[30]. - The Group's total assets amounted to approximately HK$370,896,000, a decrease from approximately HK$433,035,000 in 2018, while total liabilities increased to approximately HK$64,320,000 from HK$53,723,000[149]. - The gearing ratio as of December 31, 2019, was approximately 17.3%, up from 12.4% in 2018[149]. - Trade and other receivables increased to approximately HK$85,017,000 as of December 31, 2019, from approximately HK$36,725,000 as of December 31, 2018, primarily due to new business development in the B2C Online Sales Platform and B2B Product Trading Business[167]. Legal Proceedings - The Group is involved in three civil legal proceedings related to the AP Acquisition, which may impact its operations[170]. - Legal proceedings were initiated against the Vendor and Guarantor for the Adjustment Amount, including claims for interests and costs[181]. - An amended writ of summons was filed on 26 September 2019, claiming damages of HK$20,400,000 against former directors Chan and Lim for potential breaches of duty[183]. - Legal proceedings have been initiated against the defendants for the delivery of Full Business Records and accounting for assets controlled by the defendants[196]. Software Development - The Boom Max Group launched several upgraded software products in 2019, including IObit Software Updater 2, IObit Malware Fighter 7, IObit Uninstaller 9.0, Driver Booster 7.0, and Advanced SystemCare 13.0[44]. - The Group has focused on enhancing its software offerings to address evolving cyber threats and improve user experience[41]. - The Group plans to enhance its software products and expand distribution channels by cooperating closely with local dealers and affiliates[47]. Shareholder Returns - The Directors do not recommend the payment of a dividend for the year, consistent with 2018[20]. - The Group plans to maintain a balance between risk and return while pursuing stable business growth and sustainable returns for shareholders[33].