hmvod Limited hmvod視頻有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8103） 截至二零二零年六月三十日止三個月 第一季度業績報告 香港聯合交易所有限公司GEM（「GEM」）之 特 色 GEM的 定 位，乃 為 相 比 起 其 他 在 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）上 市 的 公 司 帶 有 較 高 投 資 風 險 的 中 小 型 公 司 提 供 一 個 上 市 的 市 場。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上市公司一般為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣 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 聯 交 所 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 份 內 容 而 產 生 或 因 倚 賴 該等內容而引致之 ...

香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM之特色 GEM的 定 位，乃 為 相 比 起 其 他 在 聯 交 所 上 市 的 公 司 帶 有 較 高 投 資 風 險 的 中 小 型 公 司 提 供 一 個 上 市 的 市 場。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上市公司一般為中小型公司，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 聯 交 所 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hmvod視 頻 有 限 公 司（「本 公 司」，連 同 其 附 屬 公 司 統 稱 為「本 集 團」）的 資 料；本 公 司 董 事（ ...

Financial Performance - For the nine months ended December 31, 2019, the revenue was approximately HKD 29,200,000, a decrease of about 85.2% compared to the same period in 2018[4]. - The profit for the nine months ended December 31, 2019, was approximately HKD 1,010,000, compared to a loss of HKD 740,000 in 2018[4]. - The basic earnings per share from continuing and discontinued operations for the nine months ended December 31, 2019, was approximately HKD 0.33, down from HKD 0.47 in 2018[4]. - The revenue for the three months ended December 31, 2019, was HKD 8,457,000, compared to HKD 14,416,000 in the same period of 2018[6]. - The total comprehensive income for the nine months ended December 31, 2019, was HKD 795,000, compared to HKD 5,441,000 in 2018[8]. - The total revenue from continuing operations for the nine months ended December 31, 2019, was HKD 29,206,000, down from HKD 197,377,000 in 2018[6]. - The total revenue for the nine months ended December 31, 2019, was HKD 29,206,000, a decrease of 32.5% compared to HKD 43,274,000 for the same period in 2018[17]. - The OTT service revenue for the nine months ended December 31, 2019, was HKD 27,810,000, down from HKD 40,276,000 in the previous year, representing a decline of 30.9%[17]. - The company recorded a loss of HKD 3,741,000 attributable to owners for the three months ended December 31, 2019, compared to a profit of HKD 4,153,000 in 2018[8]. - The company reported a basic and diluted loss per share of HKD 2.63 for the three months ended December 31, 2019, compared to earnings of HKD 2.92 in 2018[8]. - For the nine months ended December 31, 2019, the company reported a loss attributable to owners of the company of HKD 2,858,000, compared to a profit of HKD 473,000 for the same period in 2018[49]. Operating Expenses and Income - The total operating expenses for the nine months ended December 31, 2019, were HKD 16,520,000, compared to HKD 49,670,000 for the same period in 2018, reflecting a reduction of 66.8%[27]. - Interest income from short-term loans for the nine months ended December 31, 2019, was HKD 3,784,000, down from HKD 9,303,000 in 2018, a decrease of 59.3%[25]. - The company’s employee costs for the nine months ended December 31, 2019, were HKD 4,821,000, a decrease of 36.5% from HKD 7,625,000 in 2018[30]. - Interest income from the lending business for the nine months ended December 31, 2019, was approximately HKD 8,000, down from HKD 68,000 for the same period in 2018, also due to uncertainties from social movements in Hong Kong[59]. - The financing costs for continuing operations decreased by approximately 71.0% to about HKD 5,400,000, down from HKD 18,600,000 in the same period of 2018[63]. Dividends and Shareholder Information - The company does not recommend the payment of dividends for the nine months ended December 31, 2019, consistent with no dividends in 2018[4]. - The company does not recommend the payment of any dividend for the nine months ended December 31, 2019, consistent with no dividends paid in 2018[32]. - As of December 31, 2019, the company had not issued any equity securities for cash[64]. - The group is focused on expanding its shareholder base and improving fundraising flexibility[65]. - Bayan Invest Limited holds approximately 5.86% of the company's shares, totaling 8,334,000 shares as of December 31, 2019[70]. Corporate Governance and Management - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15 and confirms compliance without significant deviations as of December 31, 2019[77]. - All directors have confirmed adherence to the trading standards set forth in GEM Listing Rules from the period ending December 31, 2019, with no violations reported[79]. - The board of directors includes a mix of executive and independent non-executive members, ensuring diverse governance[88]. - Mr. He Dongyu and Mr. Hou Zunzhong were appointed as executive directors effective October 16, 2019[81]. - Mr. He has extensive experience in film production and has been involved in various independent Chinese film projects since 2010[82]. - Mr. Hou is a founding partner of a fund currently rated at five times return and has held various significant positions in investment and technology associations[83]. - Both Mr. He and Mr. Hou are entitled to an annual director's fee of HKD 120,000, with a service contract for an initial term of three years[85]. - On October 16, 2019, Mr. Ruan Guantong resigned as an executive director of the company[87]. - There are no disclosures required under GEM Listing Rules regarding any matters involving the directors[86]. Strategic Focus and Services - The company strategically expanded its professional services in network security services and solutions, focusing on risk management and security assessments[53]. - The company’s professional services team provides a range of high-tech services, including penetration testing and DDoS protection, to enhance cybersecurity measures[54]. - The company aims to assist clients in maintaining a healthy IT environment through managed IT and security services, covering various IT assets[58]. - The company’s strategy includes a focus on cybersecurity solutions to address the primary security risks faced by clients[57].

Financial Performance - For the six months ended September 30, 2019, the revenue was approximately HKD 20,700,000, a decrease of about 88.7% compared to the same period in 2018[5] - The profit from continuing operations for the six months ended September 30, 2019, was approximately HKD 4,000,000, compared to a loss of HKD 2,600,000 in 2018[5] - The basic earnings per share from continuing operations for the six months ended September 30, 2019, was approximately HKD 0.03, compared to a loss of HKD 0.0245 in 2018[5] - The revenue for the three months ended September 30, 2019, was HKD 10,186,000, down from HKD 13,428,000 in the same period of 2018[7] - The total comprehensive income attributable to owners of the company for the six months ended September 30, 2019, was a loss of HKD 3,970,000, compared to a loss of HKD 4,776,000 in 2018[9] - The company reported a loss before tax of HKD 6,318,000 for the three months ended September 30, 2019, compared to a profit of HKD 19,134,000 in the same period of 2018[7] - The company reported a basic loss per share of HKD 3.98 for the three months ended September 30, 2019, compared to earnings of HKD 17.31 in the same period of 2018[9] - The company’s total revenue for the six months ended September 30, 2019, was HKD 20,749,000, significantly lower than HKD 182,961,000 in 2018[7] - The company recorded a loss from discontinued operations of HKD (2,184) thousand for the six months ended September 30, 2019[77] - As of September 30, 2019, the company reported a profit attributable to owners of approximately HKD 4,200,000, compared to a loss of HKD 3,500,000 in 2018[98] Cash Flow and Assets - Cash and cash equivalents decreased from HKD 2,592,000 to HKD 1,670,000, a reduction of about 35.5%[18] - The net cash outflow from operating activities was HKD 230,000, compared to an inflow of HKD 29,732,000 in the previous year[18] - The company experienced a significant cash inflow from investing activities amounting to HKD 136,134,000[18] - Non-current assets decreased from HKD 71,173,000 to HKD 67,666,000, a decline of approximately 4.2%[11] - Current liabilities increased from HKD 177,714,000 to HKD 167,672,000, a decrease of about 5.7%[11] - The total assets less current liabilities showed a decrease from HKD 80,012,000 to HKD 76,225,000, a decline of about 4.9%[11] - The company’s cash and bank balances stood at HKD 1,670,000, compared to HKD 1,493,000 in the previous year, reflecting a slight increase of approximately 11.9%[18] - The company’s total liabilities were reported at HKD 179,079,000, with significant components including bank loans and other payables[60] - The company’s total assets were reported at HKD 189,304,000, reflecting its financial position as of September 30, 2019[60] Revenue Breakdown - Revenue from system development was reported at HKD 1,559,000, while rental income from property investments was HKD 600,000[35] - For the three months ended September 30, 2019, the total revenue was HKD 10,186,000, a decrease of 24.5% compared to HKD 13,428,000 for the same period in 2018[37] - The revenue from professional service fees was HKD 549,000 for the three months ended September 30, 2019, up 44.9% from HKD 379,000 in the same period of 2018[37] - OTT service revenue decreased to HKD 9,629,000 for the three months ended September 30, 2019, down 24.1% from HKD 12,676,000 in the same period of 2018[37] - The company's lending business recorded interest income of approximately HKD 8,000,000 for the six months ended September 30, 2019, down from HKD 30,000,000 in 2018[94] - The OTT services generated revenue of approximately HKD 19,600,000 for the six months ended September 30, 2019, compared to HKD 27,400,000 in 2018[95] - The company's securities trading business reported zero revenue for the six months ended September 30, 2019, down from HKD 151,900,000 in 2018[93] Corporate Governance and Management - The company has established an audit committee responsible for reviewing internal accounting procedures and evaluating audit matters[126] - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15 and confirms compliance without significant deviations during the reporting period[127] - All directors have confirmed adherence to the trading rules set forth in GEM Listing Rules sections 5.48 to 5.67, with no violations reported for the six months ending September 30, 2019[129] - Mr. He Dongyu and Mr. Hou Zunzhong were appointed as executive directors effective October 16, 2019[131] - Mr. He has been involved in the film production industry since 2002 and has significant experience in independent Chinese film production[132] - Mr. Hou is a founding partner of a fund currently rated at five times return and has held various significant positions in investment and technology associations[133] - Both Mr. He and Mr. Hou are entitled to an annual director's fee of HKD 120,000, with a service contract for an initial term of three years[134] - Mr. Ruan Guantong resigned as an executive director on October 16, 2019[137] - The board of directors includes the CEO and several independent non-executive directors, ensuring a diverse governance structure[138] Strategic Initiatives - The company is strategically expanding its professional services in cybersecurity solutions and risk management across Greater China and the Asia-Pacific region[86] - The company plans to invest more resources into its lending business, including various loan products such as secured mortgages and SME loans[94] - The company maintains a risk management policy to monitor key risk factors including government, political, and economic risks[93] - The company aims to enhance its multimedia platform strategy as OTT services gain traction in the market[95] - The group is expanding its business scope beyond the information technology sector, considering investments or acquisitions in renewable energy and other "green" businesses, as well as traditional non-IT sectors[97] - The board continues to seek opportunities to attract more investors, expand the shareholder base, reduce accumulated losses, and enhance fundraising flexibility[100] Employee and Operational Costs - Employee costs for the three months ended September 30, 2019, were HKD 1,549 thousand, a decrease of 41% from HKD 2,631 thousand in the same period of 2018[68] - As of September 30, 2019, the group employed 26 staff members, with total employee costs for the six-month period amounting to approximately HKD 3,400,000, down from HKD 5,400,000 in 2018[105] - Other expenses decreased from approximately HKD 10,400,000 in 2018 to about HKD 3,100,000, representing a reduction of approximately 70.2%[98] - Financing costs decreased from approximately HKD 14,200,000 in 2018 to about HKD 3,900,000, a decline of approximately 72.4% due to a reduction in short-term loans and bills payable[98] Shareholder Information - Major shareholders include Full Times Investment Limited with 36,777,000 shares (25.85%) and HMV Digital China Group Limited with 37,957,000 shares (26.68%) as of September 30, 2019[120] - The total issued share capital of the company as of September 30, 2019, was 142,256,878 shares[120] - The company has a maximum share limit of 1% of issued shares for any specific participant under the stock option plan[111] - The subscription price for shares must not be lower than the higher of the closing price on the grant date, the average closing price over the five trading days preceding the grant date, or the par value of the shares[113] - The stock option plan is effective for a period of ten years from the adoption date, after which no further options can be granted[114] - Options can be exercised by the grantee or their legal representative, with a written notice specifying the number of shares exercised[115] - There is no minimum holding period required before exercising stock options under the plan[116]

Revenue Performance - Revenue for the three months ended June 30, 2019, was approximately HKD 10,600,000, a decrease of about 39.9% compared to the same period in 2018[5] - Total revenue for the three months ended June 30, 2019, was HKD 10,653,000, a decrease of 39.6% compared to HKD 17,589,000 in 2018[16] - OTT service revenue was HKD 10,015,000, down 32.2% from HKD 14,763,000 in the previous year[16] - Professional service fees generated HKD 638,000, a decline of 36.8% from HKD 1,010,000 in 2018[16] - For the three months ended June 30, 2019, the group recorded revenue of approximately HKD 10,600,000, a decrease of about 39.9% compared to HKD 17,600,000 for the same period in 2018[42] - OTT services recorded revenue of approximately HKD 10,000,000 for the three months ended June 30, 2019, a decrease of about 32.2% from HKD 14,800,000 for the same period in 2018[39] Profit and Loss - Profit attributable to owners for the three months ended June 30, 2019, was approximately HKD 9,900,000, compared to a loss of approximately HKD 23,600,000 for the same period in 2018[5] - Basic earnings per share for the three months ended June 30, 2019, was approximately HKD 0.06, compared to a loss per share of approximately HKD 16.60 for the same period in 2018[5] - The company reported a net profit of HKD 9,877,000 for the three months ended June 30, 2019, compared to a loss of HKD 23,614,000 in the same period of 2018[26] - The total comprehensive income attributable to owners for the three months ended June 30, 2019, was HKD 9,797,000, compared to a loss of HKD 21,921,000 for the same period in 2018[9] Costs and Expenses - The group reported a gross profit of HKD 10,563,000 for the three months ended June 30, 2019, compared to HKD 169,533,000 in the same period of 2018[7] - The group incurred a loss of HKD 7,843,000 from contractor costs for the three months ended June 30, 2019, compared to HKD 13,046,000 in the same period of 2018[7] - Employee costs, including salaries and other benefits, were HKD 1,710,000, down 36.2% from HKD 2,681,000 in 2018[23] - The group reported a financing cost of HKD 2,152,000 for the three months ended June 30, 2019, down from HKD 11,198,000 in the same period of 2018[7] - The group’s financing costs decreased to approximately HKD 2,200,000 for the three months ended June 30, 2019, down about 80.8% from HKD 11,200,000 in the same period of 2018[42] Dividends - The board of directors did not recommend the payment of any dividend for the three months ended June 30, 2019[5] - The company did not recommend any dividend for the three months ended June 30, 2019, consistent with no dividend in 2018[25] Business Operations and Strategy - The company has strategically expanded its professional services in cybersecurity solutions to address changing business environments[30] - The professional services team focuses on providing comprehensive security management services, including risk management and vulnerability assessments[30] - The company has implemented a four-phase approach for IT security monitoring and risk assessment, aiming to provide predictable outcomes[31] - The group aims to continue seeking opportunities for investment and/or acquisition of companies or projects with clear development prospects to create value for shareholders[40] - The group continues to focus on existing businesses to bring further value to shareholders[40] Shareholder Information - Major shareholders include Full Times Investment Limited with a 25.85% stake and HMV Digital China Group Limited with a 26.68% stake as of June 30, 2019[49] - Full Times holds 36,777,000 shares and New Smart International Creation Limited holds 1,180,000 shares of HMV Digital, totaling 37,957,000 shares[50] Compliance and Governance - All directors confirmed compliance with trading rules as of June 30, 2019, with no violations reported during the three-month period[51] - The company has appointed an independent compliance advisor for two years starting from June 22, 2018, to ensure adherence to GEM listing rules[53] - No significant contracts exist where directors have a substantial interest related to the group's business as of June 30, 2019[54] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited financial information for the three months ending June 30, 2019, and found it compliant with applicable accounting standards[56] - The company has adopted corporate governance practices in line with GEM listing rules and has reported no significant deviations during the reporting period[58] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the review period[59] Other Income - Other income increased to approximately HKD 14,100,000, primarily due to the waiver of principal and accrued interest by noteholders[42] Location Change - The company’s main business location changed to D2 Place Phase 2, 8th Floor, 15 Cheung Shun Street, Cheung Sha Wan, Kowloon, Hong Kong, effective July 8, 2019[11]

hmvod Limited hmvod視頻有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8103） 截至二零一八年十二月三十一日止九個月 第三季度報告 香港聯合交易所有限公司GEM（「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香港聯合交易所有 限公司（「聯交所」）上市的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聯交所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容而引致之 任何損失承擔任何責任。 本 報 告 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 hmvod視頻有限公司（「本公司」）的資料；本公司的董事（「董事」）願就本報告的資料共同及個別 地承 ...