香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 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 就 因 本 公 告 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。 Ficus Technology Holdings Limited 細葉榕科技控股有限公司 （於開曼群島註冊成立的有限公司） （前稱威誠國際控股有限公司） （股份代號：8107） 截 至2024年6月30日 止 六 個 月 的 中 期 業 績 公 告 細 葉 榕 科 技 控 股 有 限 公 司（「本 公 司」）董 事（「董 事」）會（「董 事 會」）欣 然 宣 佈 本 公 司 及 其 附 屬 公 司（「本 集 團」）截 至2024年6月30日 止 六 個 月 的 未 經 審 核 簡 明 綜 合 財 務 業 績。本 公 告 列 載 本 公 司2024年 中 期 業 績 報 告 全 文，乃 符 合 香 港 聯 合 交 易 所 ...

Audit and Risk Management - The remuneration paid to the external auditor for audit services and non-audit services for the year ended December 31, 2023, amounted to HK$0.4 million[36]. - The Company has engaged an external professional firm to conduct an independent annual review of the adequacy and effectiveness of the risk management and internal control systems for the year ended December 31, 2023[19]. - The Board considers the risk management and internal control systems of the Group for the year ended December 31, 2023, to be effective and adequate[21]. - The Company has implemented control procedures to ensure unauthorized access and use of inside information are strictly prohibited[25]. - The Company assesses and prioritizes risks based on qualitative and quantitative analyses to identify and deal with the most important risks[17]. - The internal audit function examined key issues related to accounting practices and all material controls, providing findings and recommendations for improvement to the Audit Committee[19]. - The Company has developed a disclosure policy to guide Directors and relevant employees in handling confidential information and monitoring information disclosure[22]. - Whistleblowing procedures are established to facilitate employees in raising concerns about possible improprieties in financial reporting and internal control[21]. - The Company regularly reviews its risk management measures and reports material issues to the Directors[17]. - The company has established a risk management process to identify and categorize risks into strategic, financial, operating, and legal risks[185]. - The audit committee assists the board in overseeing the design, implementation, and monitoring of risk management and internal control systems[183]. - The company has developed internal control policies to provide reasonable assurance for effective operations and reliable financial reporting[184]. Shareholder Communication and Governance - A shareholders' communication policy is in place to ensure that shareholders' views and concerns are appropriately addressed, and this policy is regularly reviewed for effectiveness[46]. - The Company has implemented a shareholders' communication policy to ensure effective addressing of shareholders' views and concerns[58]. - All corporate communications and regulatory announcements were published in a timely manner on the Company's website and the Stock Exchange[59]. - The annual general meeting was held on May 19, 2023, with all Directors attending either in person or electronically[59]. - The company appointed Mr. Lau Kai Tai and Mr. Cheuk Ka Chun Kevin as directors on September 15, 2023, both attending all board meetings since their appointment[178]. - The company reported a single-gender board following the removal of Ms. Ng Hoi Yung Yo Yo on October 26, 2023, and the appointment of Mr. Wong Ching on November 6, 2023, which does not comply with Rule 17.104 of the GEM Listing Rules[187]. - The company aims to appoint a suitable female candidate as a director by December 31, 2024, to meet the gender diversity requirement[187]. - The board consists of seven male directors, with four being independent non-executive directors, promoting critical review and control of the management process[186]. - The company has adopted a board diversity policy to enhance diversity at the board level, recognizing its importance for maintaining competitive advantage[186]. - The board diversity policy will be reviewed annually by the nomination committee to ensure its effectiveness[186]. - The Director Nomination Policy includes factors such as character, qualifications, diversity, and commitment to ensure suitable candidates for the Board[195]. Sustainability and Environmental Impact - The Group recognizes the importance of sustainable development for long-term competitiveness and has established various policies to manage ESG-related risks[65]. - The ESG report covers the Group's environmental and social performance for the reporting period from January 1, 2023, to December 31, 2023[65]. - The Group aims to provide quality services while ensuring employee health and safety and mitigating environmental impact[75]. - The Group's commitment to sustainability is crucial for achieving business excellence and enhancing long-term competitiveness[65]. - The Group aims to achieve zero hazards, incidents, and non-compliance in its operations[76]. - The Group has committed to conserving resources and protecting the environment through effective pollution prevention[76]. - The Group is committed to continuously improving its business environmental sustainability and reducing operational impacts[107]. - The Group's operations are primarily based in Hong Kong and the People's Republic of China, with a focus on minimizing environmental impacts compared to traditional industries[107]. - The total greenhouse gas (GHG) emissions for 2023 were 15,658 kg, an increase from 11,464 kg in 2022, representing a 37.5% rise[112]. - The energy consumption for 2023 was 28,469 kWh, up from 22,479 kWh in 2022, indicating a 26.6% increase[122]. - Water consumption decreased to 59 m³ in 2023 from 89 m³ in 2022, reflecting a reduction of 33.7%[128]. - The energy intensity for 2023 was 23.88 kg/m³, significantly lower than 58.85 kg/m³ in 2022, showing improved efficiency[122]. - The Group has implemented energy-saving practices to minimize GHG emissions, including setting electrical appliances to energy-saving mode and scheduling automatic sleep mode for computers[119]. - The Group does not engage in any discharge of waste into water and land, and there was no significant generation of hazardous or non-hazardous wastes[102]. - The Group encourages staff to reduce water wastage, particularly in pantry areas, to further enhance resource efficiency[127]. - Total paper consumption during the reporting period was 212 kg, a significant increase from 74 kg in 2022[133]. - The Group has implemented measures to strengthen quality management and ensure stable production for customer satisfaction[94]. Employee and Workforce Management - The Group's total workforce increased to 20 employees in 2023, up from 6 in 2022[146]. - The overall employee turnover rate was 20% in 2023, down from 33% in 2022[150]. - Male employees constituted 70% of the workforce in 2023, compared to 33.3% in 2022, while female employees decreased to 30% from 66.7%[150]. - The age group of 36-45 years made up 40% of the workforce in 2023, an increase from 33.3% in 2022[150]. - Senior management represented 30% of the employee structure in 2023, a slight decrease from 33.3% in 2022[150]. - The Group has implemented a competitive remuneration system linking employee compensation to business performance[142]. - The Group maintained a defined contribution retirement benefits scheme for employees in Hong Kong and paid social insurance for employees in the PRC[144]. - The percentage of trained employees increased, with 36% of male employees and 50% of female employees receiving training in 2023, compared to 100% in 2022[164]. - The average training hours per employee rose significantly, with male employees averaging 10.2 hours and female employees averaging 18.3 hours in 2023, compared to 17.5 hours for all employees in 2022[164]. - The Group's commitment to employee development includes providing education allowances for external training seminars[162]. - There were no material non-compliance cases regarding employment laws during the Reporting Period[155]. - The Group strictly complies with laws prohibiting child and forced labor, ensuring all employees meet legal working age requirements[165]. Supply Chain and Supplier Management - The Group's supply chain management focuses on outsourcing apparel production to suppliers in the PRC, Madagascar, and Cambodia, leveraging competitive strengths in manufacturing costs and capabilities[170]. - The Group has implemented policies for selecting and evaluating suppliers based on factors such as technical capability, quality, and timely delivery[173]. - The Group maintained 11 suppliers in total as of December 31, 2023, with an increase in suppliers from the PRC from 5 in 2022 to 7 in 2023[173]. - The Group's suppliers in Madagascar and Cambodia benefit from lower labor costs and exemptions from import duties for exporting apparel to Europe[174]. - The Group generated no significant hazardous waste during the reporting period[133]. - The Group is not aware of any material violations of applicable environmental laws and regulations[133].

Gender Diversity and Board Composition - The company's board is currently composed of approximately 70% male and 30% female, indicating a gender diversity ratio in the workforce [5]. - The company aims to appoint a suitable female candidate to the board by December 31, 2024, to comply with GEM Listing Rule 17.104 [4]. - The company has adopted a director nomination policy to ensure a balanced board with appropriate skills and diversity [5]. Internal Control and Risk Management - The company has established a series of internal control policies to ensure effective operations and reliable financial reporting [12]. - An external professional firm was engaged to conduct an independent annual review of the risk management and internal control systems for the year ended December 31, 2023 [20]. - The company has identified and categorized risks into strategic, financial, operating, and legal risks to manage its business operations effectively [13]. - The company has implemented control procedures to prevent unauthorized access to internal information [21]. Employee Health and Safety - The company is committed to providing healthy and safe working conditions for all employees and stakeholders [36]. - The Group aims to provide high-quality services while ensuring employee health and safety and reducing environmental impact [58]. - The Group has developed a fair promotion mechanism and established labor unions to safeguard employee rights and interests [65]. Shareholder Engagement and Communication - The company engages with shareholders through various communication channels to address their views and concerns [26]. - The Company emphasizes effective communication with shareholders to enhance investor relations and understanding of business performance [54]. Environmental, Social, and Governance (ESG) Initiatives - The Group's ESG report is prepared in accordance with the Environmental, Social and Governance Reporting Guide, focusing on its principal activities [56]. - The Company has engaged with major stakeholders to identify key ESG issues through regular communication [40]. - The Group's reporting principles include materiality, quantitative information, balance, and consistency to provide a comprehensive overview of ESG performance [39]. - The Group is committed to improving its business environmental sustainability and has not identified any material environmental liability risks or compliance costs [73]. - The annual materiality assessment was conducted to identify significant operating, environmental, and social impacts on the business [88]. - The Group actively undertakes social responsibilities and complies with government regulations regarding tax payments and safety management [40]. Financial Performance and Challenges - The Group's profitability has been severely affected by the aftermath of the COVID-19 pandemic, prompting management to implement cost-control measures to reduce unnecessary operating costs [70]. - The Group's revenue decreased by approximately 45.6% from HK$160.4 million for the year ended 31 December 2022 to approximately HK$87.2 million for the year ended 31 December 2023 [117]. - Administrative expenses increased significantly from approximately HK$8.3 million in 2022 to approximately HK$26.1 million in 2023, primarily due to one-off director bonuses and increased professional fees and staff salaries [99]. - Finance costs rose from approximately HK$1.6 million in 2022 to approximately HK$2.6 million in 2023, attributed to an increase in loan interest rates [101]. - The Group recorded a tax credit of approximately HK$0.2 million for the year ended 31 December 2023, compared to a tax expense of approximately HK$0.5 million in 2022, mainly due to losses incurred in 2023 [101]. - The Group's total comprehensive expense for the year ended 31 December 2023 was approximately HK$34.2 million, compared to a profit of approximately HK$4.9 million for the year ended 31 December 2022 [101]. - The significant decrease in profitability was primarily due to a substantial decline in sales volume of apparel products, increased cost of sales, and higher administrative and selling expenses [171]. Supply Chain Management and Business Development - The Group has established a framework cooperation agreement with an e-commerce platform to promote innovative supply chain management solutions to online merchants in 2023 [42]. - In 2023, the Group entered into a service agreement to enhance its supply chain management (SCM) services with anti-counterfeit traceability technology, which is applicable beyond apparel products [77]. - The Group has started exploring new business opportunities to expand its customer base and improve SCM services [80]. - The innovative SCM solutions are designed to be applicable to a diverse range of products, not limited to apparel [81]. - The Group has advanced its supply chain management (SCM) services to include anti-counterfeit, traceability, and marketing functions for brand protection on both apparel and other products [179]. - The Group aims to enhance competitiveness in the market through innovative SCM solutions and strategic partnerships, including collaborations with two subsidiaries of Shanghai Film Co., Ltd. in 2024 [171]. Financial Position and Liquidity - As of December 31, 2023, the total equity of the Group was HK$62.4 million, an increase from HK$53.8 million as of December 31, 2022 [194]. - The Group's cash and cash equivalents as of December 31, 2023, were HK$22.1 million, significantly up from HK$0.7 million as of December 31, 2022 [194]. - The Group's bank borrowings decreased to HK$30.9 million as of December 31, 2023, down from HK$42.6 million as of December 31, 2022 [194]. - The current ratio improved to 2.0 times as of December 31, 2023, compared to 1.7 times as of December 31, 2022 [194]. - Trade receivables turnover days increased to 267.0 days for the year ended December 31, 2023, from 176.1 days for the year ended December 31, 2022 [194]. - The gearing ratio decreased to 49.6% as of December 31, 2023, from 79.3% as of December 31, 2022 [194]. Employee and Operational Changes - The Group employed a total of twenty full-time employees as of December 31, 2023, up from six full-time employees as of December 31, 2022 [196]. - Staff costs for the year ended December 31, 2023, were approximately HK$16.1 million, compared to HK$3.8 million in 2022 [196]. - The Group did not make any material acquisitions or disposals of subsidiaries, associates, and joint ventures for the year ended December 31, 2023 [196].

Financial Performance - Revenue for Q3 2023 was HKD 44,180,000, a decrease of 6.1% compared to HKD 47,039,000 in Q3 2022[19] - Gross loss for Q3 2023 was HKD 1,259,000, compared to a gross profit of HKD 4,967,000 in Q3 2022[19] - The net loss before tax for Q3 2023 was HKD 7,991,000, compared to a profit of HKD 2,892,000 in Q3 2022[19] - Total comprehensive loss for the period was HKD 7,991,000, compared to a total comprehensive income of HKD 2,550,000 in Q3 2022[19] - Basic loss per share for Q3 2023 was HKD 6.05, compared to earnings of HKD 2.55 per share in Q3 2022[19] - The total revenue for the nine months ended September 30, 2023, was HKD 94,384,000, a decrease of 4.3% from HKD 98,502,000 in the same period of 2022[19] - For the nine months ended September 30, 2023, the company reported total revenue of HKD 94,384,000, a decrease from HKD 111,386,000 in the same period of 2022, representing a decline of approximately 15.2%[51] - The company recorded a loss before tax of HKD 27,408,000 for the nine months ended September 30, 2023, compared to a profit in the previous year[51] - The company’s total comprehensive loss for the nine months ended September 30, 2023, was HKD 27,253,000[58] - The gross loss for the nine months ended September 30, 2023, was HKD 4,100,000, resulting in a gross loss margin of 4.4%, compared to a gross profit of HKD 8,400,000 and a gross profit margin of 7.5% for the same period in 2022[84] - The company reported a basic loss per share of HKD 0.22 for the nine months ended September 30, 2023, compared to earnings of HKD 0.01 per share for the same period in 2022[79] - The group recorded a loss of HKD 27.3 million for the nine months ended September 30, 2023, compared to a profit of HKD 1.4 million for the same period in 2022, mainly due to reduced sales revenue and increased administrative expenses[103] Administrative Expenses - Administrative expenses increased to HKD 3,987,000 in Q3 2023 from HKD 1,464,000 in Q3 2022, reflecting a rise of 172.5%[19] - The company’s administrative expenses for the nine months ended September 30, 2023, were HKD 23,685,000[51] - The administrative expenses surged to HKD 19.1 million for the nine months ended September 30, 2023, compared to HKD 4.9 million in the same period of 2022, driven by one-time director bonuses and increased professional fees[101] - The company’s administrative expenses include employee costs, professional fees, and other operational costs, impacting overall profitability[87] Revenue Sources - The external sales from apparel products amounted to HKD 90,257,000, while sales from nutritional supplements were HKD 4,127,000 for the nine months ended September 30, 2023[51] - The company’s revenue from external customers primarily came from Macau, Germany, Hong Kong, and Cambodia, with significant contributions from clients accounting for over 10% of total revenue[52] - For the nine months ended September 30, 2023, total revenue from major customers was HKD 28,632,000, a decrease of 5.4% from HKD 30,178,000 for the same period in 2022[70] Strategic Initiatives - The company is focusing on strategic initiatives to improve operational efficiency and explore new market opportunities[19] - The company plans to continue focusing on the development of new products and technologies to enhance its market position[61] - The company is exploring market expansion opportunities to increase its revenue streams and customer base[61] - The company has developed a vertically integrated business model, focusing on supply chain management services for the apparel industry[81] - The group has upgraded its supply chain management services to enhance market competitiveness by providing anti-counterfeiting traceability technology and brand protection for apparel and related products[98] - The company plans to expand its supply chain management services to multiple brands and categories to broaden its revenue base and strengthen market position[111] Financial Position - The company has sufficient liquidity and financial resources to meet its operational funding needs[134] - The group has no significant investments or capital asset plans as of September 30, 2023[114] - The company has issued a total share capital of HKD 13.2 million, with 132 million ordinary shares outstanding as of September 30, 2023[106] - As of September 30, 2023, the total equity of the group was HKD 52.4 million, a decrease from HKD 53.8 million as of December 31, 2022[134] - The group's cash and cash equivalents increased to HKD 8.5 million from HKD 0.7 million as of December 31, 2022, indicating improved liquidity[134] Corporate Governance - The board of directors remains single-gendered and is actively seeking to appoint a suitable female candidate by January 25, 2024, to comply with GEM listing rules[149] - The company has a stock option plan aimed at incentivizing eligible participants, including employees and consultants[151] - The audit committee reviewed the unaudited consolidated financial information for the nine months ending September 30, 2023, ensuring compliance with applicable accounting standards and regulations[154] - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15 during the nine months ended September 30, 2023, with some deviations noted[169] - All directors confirmed compliance with the trading standards set forth in GEM Listing Rules from January 1, 2023, to September 30, 2023[170] - The audit committee, established under GEM Listing Rules, consists of three independent non-executive directors, ensuring oversight of financial reporting and internal controls[173] - The audit committee's primary responsibilities include recommending the appointment of external auditors and reviewing financial information and risk management systems[181] Other Information - The company has not yet adopted new accounting standards that have been issued but are not yet effective, which may impact future financial reporting[62] - The company did not recommend any dividend payment for the nine months ended September 30, 2023, consistent with the previous year[78] - The company does not recommend any dividend payment for the nine months ending September 30, 2023, consistent with the previous year[155] - The major shareholder, Arena Investors, LP, holds 9,600,000 shares, representing 10.96% of the issued share capital as of September 30, 2023[159] - The total number of issued shares as of September 30, 2023, was 132,000,000[144] - No significant acquisitions or disposals of subsidiaries, associates, or joint ventures were made in the nine months ending September 30, 2023[156] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended September 30, 2023[178] - Forward-looking statements made by the company are subject to risks and uncertainties that may cause actual results to differ significantly from those projected[182]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就 因本公告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。 Vision International Holdings Limited 威 誠 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8107） 截 至2023年9月30日 止 九 個 月 的 第 三 季 度 業 績 公 告 威誠國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本 公司及其附屬公司（「本集團」）截至2023年9月30日止九個月的未經審核簡 明 綜 合 財 務 業 績。本 公 告 列 載 本 公 司2023年 第 三 季 度 業 績 報 告 全 文，乃 符合香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）中有 關 季 度 業 績 初 步 公 告 附 載 的 資 料 的 相 關 要 求。本 公 司2023年 第 三 季 度 報 告的印刷版本將於適當時候寄交本公司股東，並可於香港聯合交易所有 限公司網站www.hkexnews.h ...

Financial Performance - Revenue for the six months ended June 30, 2023, was HKD 50,204,000, a decrease of 22% compared to HKD 64,347,000 for the same period in 2022[24] - Gross profit for the six months ended June 30, 2023, was HKD (2,859,000), compared to HKD 3,411,000 for the same period in 2022, indicating a significant decline[24] - The company reported a loss before tax of HKD (19,417,000) for the six months ended June 30, 2023, compared to a loss of HKD (1,267,000) for the same period in 2022[24] - The company incurred a total comprehensive loss of HKD 19,262,000 for the six months ended June 30, 2023, compared to a loss of HKD 7,252,000 for the same period in 2022[34] - The group reported a loss of HKD 19.3 million for the six months ended June 30, 2023, compared to a loss of HKD 1.1 million for the same period in 2022, attributed to decreased sales revenue and increased administrative expenses[129] Assets and Equity - Total assets as of June 30, 2023, amounted to HKD 60,353,000, an increase from HKD 53,755,000 as of December 31, 2022[31] - The company reported a total equity of HKD 60,353,000 as of June 30, 2023, compared to HKD 53,755,000 as of December 31, 2022[31] - As of June 30, 2023, the total equity of the group was HKD 60.4 million, an increase from HKD 53.8 million as of December 31, 2022[191] Cash Flow and Liquidity - The company's cash and cash equivalents decreased to HKD 19,327,000 as of June 30, 2023, from HKD 80,102,000 as of December 31, 2022[31] - Cash and cash equivalents increased to HKD 19,327,000 as of June 30, 2023, up from HKD 1,347,000 at the end of the previous period, marking a significant increase of 1,332%[52] - The net cash used in operating activities for the six months ended June 30, 2023, was HKD (4,234,000), compared to HKD (29,000) for the same period in 2022[52] - The company has sufficient liquidity and financial resources to meet its working capital needs[170] Expenses - The company incurred administrative expenses of HKD 15,151,000 for the six months ended June 30, 2023, compared to HKD 3,462,000 for the same period in 2022, reflecting increased operational costs[24] - Administrative expenses rose from HKD 3.5 million for the six months ended June 30, 2022, to HKD 15.2 million for the same period in 2023, primarily due to a one-time bonus of HKD 9.4 million and increased professional fees[127] - The total cost of goods sold for the six months ended June 30, 2023, was HKD 53.1 million, compared to HKD 60.9 million for the same period in 2022[108] Revenue Segmentation - The revenue from the sale of clothing products and related services was HKD 46,206,000 for the six months ended June 30, 2023, down from HKD 64,092,000 in the same period of 2022, indicating a decline of 28%[60] - Sales of apparel products amounted to HKD 46.2 million, while sales of nutritional supplements were HKD 4.0 million for the first half of 2023[124] - The company has diversified its revenue sources by extending its business into the sales and distribution of nutritional supplements[145] Market Strategy and Operations - The company aims to enhance its market presence and explore new product development strategies in the upcoming quarters[30] - The company launched a new segment focused on the sales and distribution of nutritional supplements, establishing several subsidiaries during the reporting period[42] - The company is focusing on enhancing its supply chain management services and expanding its offerings in building materials and related agency services[54] Shareholder Information - The company completed a placement of 12 million shares at HKD 1.80 per share, raising approximately HKD 20.9 million[102] - The company does not recommend any dividend payment for the six months ended June 30, 2023, consistent with the previous year[171] Challenges and Risks - The company is facing challenges in the business environment due to the impacts of COVID-19, with increased customer demand for longer credit terms and lower selling prices[167] - The group is closely monitoring foreign exchange risks, particularly related to the HKD's peg to the USD, and will consider hedging if necessary[187][188] - The company has taken measures to minimize the impact of production and logistics due to external uncertainties, including the COVID-19 pandemic[190] Employee Costs - The employee costs for the six months ended June 30, 2023, were approximately HKD 11.5 million, a significant increase from HKD 2.0 million for the same period in 2022[194] - The group recorded a total employee cost of HKD 1.14 million for the six months ended June 30, 2023, compared to HKD 0.81 million for the same period in 2022[108]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就 因本公告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。 Vision International Holdings Limited 威 誠 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8107） 截 至2023年6月30日 止 六 個 月 的 中 期 業 績 公 告 威誠國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本 公司及其附屬公司（「本集團」）截至2023年6月30日止六個月的未經審核簡 明 綜 合 財 務 業 績。本 公 告 列 載 本 公 司2023年 中 期 業 績 報 告 全 文，乃 符 合 香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）中有關季 度 業 績 初 步 公 告 附 載 的 資 料 的 相 關 要 求。本 公 司2023年 中 期 報 告 的 印 刷 版本將於適當時候寄交本公司股東，並可於香港聯合交易所有限公司網 站 www.hkexnews.hk 及本公司網 ...

Revenue and Profitability - Revenue for the three months ended March 31, 2023, was HKD 27,784,000, representing an increase of 7.3% compared to HKD 25,898,000 for the same period in 2022[17] - Gross profit for the same period was HKD 1,379,000, slightly up from HKD 1,364,000, indicating a stable gross margin[17] - The group’s total revenue from clothing products in Macau, Hong Kong, and the UK was HKD 26,804 for the three months ended March 31, 2023, compared to HKD 25,632 for the same period in 2022[43] - The group’s total revenue from nutritional supplements in Hong Kong was HKD 980 for the three months ended March 31, 2023, with no revenue reported for the same period in 2022[43] - The group reported a segment profit of HKD 3,588 for the three months ended March 31, 2023, with clothing products generating HKD 2,453 and building materials generating HKD 2,187[36] Losses and Expenses - The company reported a loss before tax of HKD 1,049,000, which is consistent with the loss of HKD 1,050,000 in the previous year[17] - Total comprehensive loss for the period was HKD 1,056,000, compared to HKD 1,020,000 in the prior year, reflecting a marginal increase in losses[17] - Basic and diluted loss per share was HKD 0.90, an improvement from HKD 1.02 in the same quarter of 2022[17] - The group recorded a loss of HKD 1,056,000 for the three months ended March 31, 2023, slightly up from a loss of HKD 1,020,000 for the same period in 2022, attributed to increased marketing expenses[99] - The company incurred administrative expenses of HKD 2,255,000, an increase from HKD 1,845,000 in the previous year, indicating rising operational costs[17] - Financial costs rose to HKD 676,000 from HKD 307,000, reflecting increased borrowing costs[17] - Selling and distribution expenses increased from HKD 300,000 for the three months ended March 31, 2022, to HKD 1,600,000 for the same period in 2023, mainly due to increased marketing expenses for nutritional supplements[89] Assets and Equity - The group’s non-current assets, excluding financial assets, totaled HKD 30,331 as of March 31, 2023, down from HKD 31,736 as of March 31, 2022[53] - As of March 31, 2023, the total equity of the group was HKD 57,000,000, up from HKD 53,800,000 as of December 31, 2022[106] - As of March 31, 2023, the company's total assets increased to HKD 12,000,000 from HKD 10,000,000 at the beginning of the year[171] Corporate Governance and Compliance - The company confirmed compliance with corporate governance codes during the three months ending March 31, 2023[136] - The company has established an audit committee consisting of three independent non-executive directors[141] - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended March 31, 2023, and confirmed compliance with applicable accounting standards and GEM listing rules[161] - The company has adopted trading standards for directors' securities transactions as per GEM Listing Rules[156] Business Operations and Strategy - The group has diversified its revenue sources by extending its business into the sales and distribution of nutritional supplements as of the first quarter of 2023[73] - The company is focused on expanding its supply chain management services and related materials agency services, as well as sales and distribution of nutritional supplements[175] - The company’s main business includes investment holding and sales of clothing products, indicating a diversified business model[177] - The group established several subsidiaries for the sales and distribution of nutritional supplements during the period, which is considered a new operating and reportable segment[38] Accounting and Financial Reporting - The company anticipates that the adoption of new accounting standards will not have a significant impact on the financial statements[28] - The company has adopted new accounting standards effective from January 1, 2023, which may impact future financial reporting[178] - The total tax expense for the three months ended March 31, 2023, was HKD 7,000, compared to a tax expense of HKD (30,000) for the same period in 2022, indicating a significant improvement[169] Share Capital and Dividends - The total issued share capital of the company was 120,000,000 shares, with Metro Vanguard holding 75,000,000 shares, representing 62.5% of the issued share capital[133] - The group did not recommend any dividend payment for the three months ended March 31, 2023, consistent with the same period in 2022[107] Market Conditions - The company is facing challenges in the business environment due to the impact of COVID-19, with expectations of continued difficulties until there are stronger signs of improved customer order sentiment[117]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或 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。 Vision International Holdings Limited 威 誠 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8107） 截至2023年3月31日止三個月的第一季度業績公告 威誠國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及 其附屬公司（「本集團」）截至2023年3月31日止三個月的未經審核簡明綜合財務業 績。本公告列載本公司2023年第一季度業績報告全文，乃符合香港聯合交易所有 限公司GEM證券上市規則（「GEM上市規則」）中有關季度業績初步公告附載的資 料的相關要求。本公司2023年第一季度報告的印刷版本將於適當時候寄交本公司 股東，並可於香港聯合交易所有限公司網站www.hkexnews.hk及本公司網站 www.vision-holdings.com.hk內查閱。 承董事會命 Vision Internationa ...

Financial Performance - The Group's total revenue for the year ended December 31, 2022, increased to HK$160.4 million, representing a growth of approximately 27.6% compared to HK$125.7 million for the year ended December 31, 2021[6][24]. - The profit for the year ended December 31, 2022, was HK$4.9 million, a significant recovery from a loss of HK$8.7 million for the year ended December 31, 2021[6][25]. - The gross profit margin improved slightly from 8.2% in 2021 to 8.4% in 2022, indicating stable profitability despite market challenges[24]. - The Group's revenue growth is attributed to increased sales of apparel products and agency fees from construction materials[22][24]. - The cost of sales rose by 27.3% from HK$115.4 million to HK$146.9 million, aligning with the revenue increase[30]. - Gross profit increased from HK$10.3 million in 2021 to HK$13.5 million in 2022, with a gross profit margin of 8.4%[30]. - Other gains amounted to HK$2.2 million for the year ended 31 December 2022, compared to losses of HK$8.0 million in 2021, primarily due to a decrease in expected credit losses[30]. - Selling and distribution expenses decreased from HK$1.8 million in 2021 to HK$0.7 million in 2022, attributed to reduced staff costs[33]. - Administrative expenses remained stable, increasing slightly from HK$8.1 million in 2021 to HK$8.3 million in 2022[33]. - Finance costs increased from HK$0.8 million to HK$1.6 million, reflecting an increase in bank borrowings[33]. - The profit attributable to owners of the Group for the year ended 31 December 2022 was HK$4.9 million, a recovery from a loss of HK$8.7 million in 2021[36]. Business Strategy and Development - The Group is exploring new business opportunities in the construction and related materials sector in ASEAN countries, initiated in 2020, to diversify income streams[9][13]. - The Group plans to develop a new business in health supplements along with supply chain management services to further diversify revenue sources[10][13]. - The management anticipates that the business environment will remain challenging until there are clear signs of improved customer sentiment and sales orders[7][6]. - The Group aims to expand its market presence through new product development and strategic marketing initiatives[58]. - The management team is focused on enhancing operational efficiency and exploring potential mergers and acquisitions to drive growth[58]. - The Group's strategic planning includes leveraging social media for marketing and global procurement to enhance distribution channels[58]. - The Group's commitment to innovation is reflected in its ongoing development of new technologies and products in the electronic components sector[55]. Corporate Governance - The report confirms that the information provided is accurate and complete in all material respects, with no misleading statements[49]. - The board of directors includes Mr. Ko Sin Yun as Chairman and other executive directors[53]. - The company has adopted a director nomination policy to ensure a balanced skill set and diversity on the board[54]. - The Group's executive director Mr. Ko has over 20 years of managerial experience and founded the Group in March 2010[55]. - Mr. Cheng, the compliance officer, has over 10 years of experience in asset management and corporate finance, having joined the Group in January 2017[58]. - Ms. Ng, appointed as executive director in January 2023, has extensive experience in marketing strategy and social media content management[58]. - The Company has adopted a board diversity policy to enhance competitive advantage through diverse board composition[92]. - The independent non-executive directors are responsible for overseeing management and providing independent judgment on strategy and performance[80]. - The Company has complied with all code provisions as set out in the Corporate Governance Code during the year ended 31 December 2022[122]. - The Board consists of three executive directors and three independent non-executive directors, meeting GEM Listing Rules requirements[160]. - The Company has extended the Required Standard of dealings to senior management, with no incidents of non-compliance noted[124]. - The Company prioritizes risks based on qualitative and quantitative analyses, focusing on likelihood and impact severity[131]. - Attendance records show that all directors attended 100% of board meetings, indicating strong governance and engagement[109]. Risk Management - The Board is responsible for evaluating and determining the nature and extent of risks in achieving strategic objectives, with the Audit Committee assisting in overseeing risk management and internal control systems[111]. - The Group acknowledges its responsibility for risk management and internal control systems, which are designed to manage risks rather than eliminate them[110]. - The Company has established four risk categories, including strategic and financial risks, to manage potential threats[130]. - The Company has adopted appropriate options for risk mitigation, including risk elimination and transfer strategies[147]. - The Company measures its risk management effectiveness by assessing implemented changes and their impact[154]. - The risk management process identifies current and emerging risks, categorizing them into strategic, financial, operating, and legal risks[169]. - The Company engaged an external professional firm to conduct an independent annual review of the adequacy and effectiveness of the risk management and internal control systems for the year ended December 31, 2022[187]. - The Board considers the risk management and internal control systems of the Group for the year ended December 31, 2022, to be effective and adequate[188]. - Whistleblowing procedures are in place to allow employees to confidentially raise concerns about financial reporting and internal control issues[188]. Shareholder Relations and Dividends - The company has adopted a sustainable dividend policy to balance shareholder expectations and prudent capital management[74]. - There is no pre-determined dividend pay-out ratio; the declaration of dividends is at the discretion of the Board[75]. - Historical dividend distributions are not indicative of future distributions, and any undistributed profits will be retained for future use[76]. - The company aims to maintain a balance between meeting shareholders' expectations and ensuring sustainable growth[74]. - The nomination committee will discuss measurable goals for achieving Board diversity and make recommendations to the Board[78].