Stock Option Plan - The stock option plan has a total of 12,676,257 shares available for grant as of March 31, 2024, representing approximately 2.75% of the total issued shares (excluding treasury shares) [3] - The stock option plan is detailed in the "Board Report" section of the annual report [3] Company Information - The company confirms that the information provided in this announcement is accurate and complete, with no misleading or fraudulent elements [6] - The announcement is published in accordance with the GEM Listing Rules of the Hong Kong Stock Exchange [6] - The company is incorporated in the Cayman Islands with limited liability [2] Board of Directors - The board of directors includes five executive directors and three independent non-executive directors [5] Shareholder Communication - The announcement serves to provide information regarding the company to shareholders and potential investors [6] - The company emphasizes the importance of shareholders and potential investors exercising caution when trading shares [5] - The announcement will be available on the Hong Kong Stock Exchange website for at least seven days from the publication date [6] Annual Report Disclosure - The company has not disclosed any changes to other information in the annual report [4]

Financial Performance - For the six months ended September 30, 2024, the company reported a loss attributable to owners of approximately RMB 9,400,000, compared to a loss of RMB 11,000,000 for the same period in 2023, representing a 14.55% improvement in losses [4]. - The company recorded no revenue for both the first half of 2024 and 2023, indicating a consistent lack of sales [5]. - The basic loss per share for the first half of 2024 was approximately RMB 2.04, compared to RMB 2.45 for the same period in 2023, reflecting a 16.73% reduction in loss per share [7]. - The company reported a total loss of RMB (9,393,000) for the six months ended September 30, 2024, compared to a loss of RMB (10,967,000) for the same period in 2023, reflecting an improvement of 14.4% [30]. - The division for renewable energy product sales reported a loss of RMB (780,000) for the six months ended September 30, 2024, compared to a loss of RMB (3,027,000) in the same period last year, indicating a significant improvement of 74.2% [30]. - The division providing new energy power system integration services incurred a loss of RMB (1,230,000) for the six months ended September 30, 2024, compared to no loss reported in the previous year [30]. - The company did not record any gross profit margin for both reporting periods, indicating ongoing operational challenges [6]. - The company has not disclosed any new product developments, technological advancements, market expansions, or mergers and acquisitions during this reporting period [4][5][6]. Assets and Liabilities - As of September 30, 2024, total current assets amounted to RMB 52,528,000, a decrease from RMB 66,860,000 as of March 31, 2024 [12]. - The company's non-current assets, including property and equipment, increased to RMB 23,875,000 from RMB 18,115,000 as of March 31, 2024, indicating a growth of 31.06% [12]. - Total liabilities increased to RMB 62,185,000 as of September 30, 2024, compared to RMB 62,484,000 as of March 31, 2024, showing a slight decrease [12]. - The net asset value attributable to owners decreased to RMB 31,348,000 from RMB 40,122,000 as of March 31, 2024, representing a decline of 21.8% [12]. - Total assets as of September 30, 2024, amounted to RMB 93,533,000, compared to RMB 102,606,000 as of March 31, 2024, showing a decline of 8.9% [32]. - The total liabilities as of September 30, 2024, were RMB 62,185,000, which is a decrease from RMB 66,000,000 as of March 31, 2024, indicating a reduction of 5.7% [32]. - Accounts receivable from customer contracts amounted to RMB 101,356,000 as of September 30, 2024, down from RMB 118,456,000 as of March 31, 2024 [51]. Cash Flow - Net cash generated from operating activities for the six months ended September 30, 2024, was RMB 6,517,000, compared to RMB 4,267,000 for the same period in 2023, representing a year-over-year increase of 52.7% [18]. - Net cash used in investing activities for the six months ended September 30, 2024, was RMB (5,769,000), an improvement from RMB (9,041,000) in the prior year, indicating a reduction of 36.5% [18]. - Net cash generated from financing activities for the six months ended September 30, 2024, was RMB 854,000, down from RMB 4,289,000 in the previous year, reflecting a decrease of 80.1% [18]. - The company’s cash and cash equivalents increased to RMB 2,119,000 as of September 30, 2024, from RMB 2,936,000 at the end of the previous year, marking a decrease of 27.8% [18]. - As of September 30, 2024, the group's cash and bank balances totaled approximately RMB 2,100,000, compared to RMB 500,000 as of March 31, 2024 [78]. Corporate Governance - The audit committee has reviewed and approved the unaudited consolidated results for the first half of 2024 [129]. - The Compensation Committee was established in June 2005 and currently consists of three independent non-executive directors as of September 30, 2024 [131]. - The Corporate Governance Committee, effective from March 28, 2012, includes four executive directors and is chaired by Mr. Xie Wenjie [132]. - The Nomination Committee, established on March 28, 2012, comprises three independent non-executive directors and is chaired by Ms. Ma Xingqin [133]. - As of September 30, 2024, there are no interests held by directors or their close associates in any competing businesses [134]. - The company had no controlling shareholder as of the report date [135]. - The company has adopted a code of conduct for securities trading that complies with GEM Listing Rules [138]. - The company has adhered to all provisions of the Corporate Governance Code during the first half of 2024, with a noted deviation from provision C.2.1 [139]. - The board believes that combining the roles of Chairman and CEO provides strong and consistent leadership beneficial to the company's strategy [140]. - The board includes a mix of executive and independent non-executive directors as of November 28, 2024 [142]. Employee and Operational Expenses - Administrative expenses increased by approximately RMB 1,300,000 or 19.7% to about RMB 7,600,000 for the six months ended September 30, 2024, due to share-based payment expenses and salary increases [77]. - Employee costs for the first half of 2024 amounted to approximately RMB 3,800,000, an increase from RMB 2,400,000 in the same period last year, primarily due to an increase in average employee numbers [89]. Future Plans and Developments - The company has entered into a cooperation agreement to supply electricity from a new power station project, which is expected to generate revenue [71]. - The company is exploring new opportunities in renewable energy product sales and new energy power system integration services [68]. - The company plans to construct a 30 MW/180 MWh energy storage station in Henan Province, pending land lease finalization, to enhance project management and revenue generation [117]. - The company continues to seek new opportunities outside mainland China, focusing on renewable energy projects in Hong Kong [118]. - The company aims to enhance renewable energy consumption capacity and improve peak-load differences through the development of new energy storage solutions by 2025 [116]. Shareholder Information - As of September 30, 2024, the company has issued 460,976,684 ordinary shares [126]. - Major shareholders include Li Yanyan with 12.82% and Hou Xiaobing with 5.69% of the issued share capital [125]. Stock Options and Financing - The company has granted a total of 21,844,000 stock options under the stock option plan, all of which were exercised by the end of the fiscal year ending March 31, 2019 [105]. - The maximum number of shares that may be issued upon the exercise of stock options granted under the plan shall not exceed 30% of the company's issued share capital at any time [105]. - The stock options granted on July 26, 2024, have an exercise price of HKD 0.11, with a fair value of approximately RMB 619,000 calculated using a binomial option pricing model [111]. - The company issued 12,800,000 shares upon the full exercise of the convertible bonds with a principal amount of HKD 32,000,000 on December 20, 2023 [114]. - The initial conversion price for the newly issued convertible bonds is set at HKD 2.5 per share [113]. - No stock options were exercised, canceled, or lapsed during the reporting period [112]. - The company has updated the general plan limit for stock options to 10% of the issued shares as of the date of the resolution adopting the stock option plan [105]. - The stock option plan aims to attract and retain high-quality employees and to incentivize contributions to the company [104]. - The stock options granted do not have any vesting conditions, performance targets, or clawback mechanisms [111]. - The company is currently unable to contact bondholders regarding a principal amount of HKD 12,000,000 due to a dispute over ownership [114]. Market Context - In the first half of 2024, China's renewable energy generation capacity added 134 GW, with wind power contributing 25.84 GW and solar power contributing 102 GW, surpassing coal power capacity [116]. - The company is actively negotiating a project in rural China aimed at promoting green energy transformation, with a core concept of "one village, one pole" to ensure sustainable energy development [117]. - The company has acquired two new renewable energy projects in Hong Kong with a total installed capacity of 554.72 kW, expected to start generating revenue soon [118].

Financial Performance - For the six months ended September 30, 2024, the company reported a loss attributable to owners of approximately RMB 9,400,000, compared to a loss of RMB 11,000,000 for the same period in 2023, representing a 14.55% improvement[7]. - The company recorded no revenue for both the six months ended September 30, 2024, and 2023[8]. - The basic loss per share for the six months ended September 30, 2024, was approximately RMB 2.04, compared to RMB 2.45 for the same period in 2023, indicating a 16.73% reduction in loss per share[10]. - The total comprehensive loss for the period attributable to owners was RMB 9,393,000 for the six months ended September 30, 2024, compared to RMB 10,967,000 for the same period in 2023[13]. - The company recorded a total loss of RMB 9,393,000 for the six months ended September 30, 2024, compared to a loss of RMB 10,967,000 for the same period in 2023, indicating a 14% improvement[33]. - The company incurred financing costs of RMB 1,843,000 for the six months ended September 30, 2024, down from RMB 3,348,000 in the same period of 2023[41]. - Foreign exchange gains amounted to RMB 46,000 for the six months ended September 30, 2024, a significant improvement from a loss of RMB (1,277,000) in the same period of 2023[40]. Assets and Liabilities - The total assets less current liabilities as of September 30, 2024, amounted to RMB 63,689,000, down from RMB 81,470,000 as of March 31, 2024[15]. - Non-current liabilities, specifically other loans, decreased from RMB 41,348,000 as of March 31, 2024, to RMB 32,341,000 as of September 30, 2024[15]. - The company’s current assets decreased from RMB 66,860,000 as of March 31, 2024, to RMB 52,528,000 as of September 30, 2024[15]. - As of September 30, 2024, total assets amounted to RMB 93,533,000, with renewable energy product sales contributing RMB 47,205,000 and integrated services for new energy power systems contributing RMB 45,413,000[35]. - Total liabilities as of September 30, 2024, were RMB 62,185,000, with renewable energy product liabilities at RMB 1,247,000 and integrated services liabilities at RMB 839,000[35]. - The current ratio as of September 30, 2024, was approximately 1.8, down from 3.2 as of March 31, 2024, indicating a decrease in liquidity but still maintaining a healthy level[86]. - The debt-to-asset ratio as of September 30, 2024, was approximately 66.5%, an increase from 60.9% as of March 31, 2024[87]. Cash Flow and Investments - As of September 30, 2024, the company reported a net cash inflow from operating activities of RMB 6,517,000, compared to RMB 4,267,000 for the same period in 2023, representing a 53% increase[21]. - The company raised new loans amounting to RMB 1,191,000 during the financing activities, a decrease from RMB 4,697,000 in the previous year[21]. - The company incurred a total investment cash outflow of RMB 5,769,000, a reduction from RMB 9,041,000 in the previous year, reflecting a 36% decrease[21]. - The company made payments of approximately RMB 5,685,000 for construction in progress during the review period, compared to RMB 9,046,000 in the same period of 2023[49]. Revenue Generation - The company did not report any revenue from external customers for renewable energy products or new energy power system integration services for the six months ended September 30, 2024[33]. - The company’s total revenue for the six months ended September 30, 2024, was not specified, indicating a potential focus on cost management rather than revenue generation[27]. - The group did not generate any revenue from renewable energy product sales for the six months ended September 30, 2024, consistent with the same period in 2023[73]. Strategic Initiatives - The group has entered into an EPC contract to construct a storage power station in Henan, which is expected to contribute to future revenue streams[74]. - The group has established a cooperation agreement to supply electricity from a power station to project partners, which will be recognized as revenue[74]. - The company is actively pursuing new business opportunities in mainland China, focusing on green energy transformation in rural areas[120]. - The company has acquired two new renewable energy projects in Hong Kong with a total installed capacity of 554.72 kW, expected to generate revenue soon[121]. - The company plans to construct a 30 MW/180 MWh energy storage station in Henan Province, pending land lease finalization[120]. - The company will continue to explore new revenue sources in line with national renewable energy development strategies[121]. Corporate Governance - The Audit Committee has reviewed and approved the unaudited consolidated results for the first half of 2024[132]. - The company has adopted a code of conduct for securities trading in compliance with GEM Listing Rules[141]. - The company has complied with all provisions of the corporate governance code during the first half of 2024, except for a deviation regarding the separation of roles of the Chairman and CEO[142]. - The company will continue to review the effectiveness of its current structure regarding the roles of the Chairman and CEO[143]. - The company has established various committees, including the Remuneration Committee and Nomination Committee, to oversee governance and management practices[134][136]. - As of September 30, 2024, there are no controlling shareholders of the company[138]. Share Capital and Stock Options - The company’s issued share capital as of September 30, 2024, includes significant holdings by executive directors, with Huang Bo holding 19.52%[123]. - Ms. Li Yanyan holds 59,094,406 shares, representing approximately 12.82% of the company's issued share capital[128]. - Mr. Hou Xiaobing holds 26,228,000 shares, representing approximately 5.69% of the company's issued share capital[128]. - The company has a stock option plan that has been effective since August 26, 2014, and will remain valid for ten years until August 20, 2024[105]. - Under the stock option plan, a maximum of 30% of the company's issued share capital can be allocated for options that have been granted but not exercised[108]. - The stock option plan allows for the issuance of up to 12,676,257 shares at an exercise price of HKD 0.11, with a fair value of approximately RMB 619,000 calculated using a binomial option pricing model[114]. - No stock options were exercised, canceled, or lapsed during the reporting period, allowing for the issuance of a total of 12,676,257 shares under the granted options[115]. - The company issued HKD 32,000,000 of convertible bonds, convertible into 12,800,000 shares at an initial conversion price of HKD 2.5 per share[116]. - As of December 20, 2023, the company fully exercised the convertible bonds and issued 12,800,000 shares[117].

Financial Liabilities and Assets - The group measures lease liabilities at the present value of unpaid lease payments, using the implicit interest rate of the lease for discounting[10]. - Financial assets are initially measured at fair value, with trade receivables from customer contracts measured according to HKFRS 15[29]. - The group holds financial assets with the aim of recovering contract cash flows, and all other financial assets are subsequently measured at fair value through profit or loss[30]. - Financial liabilities are classified as either debt or equity based on the nature of the contractual arrangements[60]. - The company uses the effective interest method to measure financial liabilities at amortized cost or at fair value through profit or loss[62]. Tax Liabilities and Assets - Deferred tax liabilities and assets are measured based on the expected tax consequences of recovering or settling the carrying amounts of assets and liabilities as of the reporting date[18]. - The group applies HKAS 12 to lease transactions related to tax deductions attributable to lease liabilities[24]. - The group recognizes deferred tax assets only when it is probable that sufficient taxable profits will be available to utilize the temporary differences[23]. Credit Risk and Expected Credit Losses - The company recognizes expected credit losses for receivables and contract assets over their expected lifetime, using a provision matrix based on historical credit loss experience[34]. - As of March 31, 2024, the company monitors credit risk indicators to determine if there has been a significant increase in credit risk since initial recognition[36]. - The company assesses whether the credit risk of financial instruments has significantly increased by comparing the risk of default at the reporting date to that at initial recognition[35]. - If a financial asset is determined to no longer meet the criteria for lifetime expected credit losses, the company measures the loss provision at an amount equal to the 12-month expected credit losses[42]. - The expected credit loss provision for receivables is sensitive to estimation changes, indicating potential financial risks[102]. - The company will write off financial assets when there is evidence that the debtor is in severe financial difficulty and recovery is unlikely[57]. - Expected credit losses are calculated as the difference between the contractual cash flows due and the cash flows the company expects to receive[58]. Revenue and Growth Projections - The company reported a significant increase in revenue, with a year-over-year growth of 15% in the last fiscal year[1]. - User data indicates a total of 5 million active users, representing a 20% increase compared to the previous year[2]. - The company projects a revenue growth of 10% for the upcoming fiscal year, driven by new product launches and market expansion strategies[3]. - The company has introduced a new product line that is anticipated to contribute an additional $50 million in revenue over the next year[7]. - The gross margin improved to 45%, up from 40% in the previous year, reflecting better cost management and pricing strategies[8]. Market Expansion and Strategic Initiatives - Investment in R&D for new technologies has increased by 25%, focusing on renewable energy solutions[4]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[5]. - A strategic acquisition of a competitor is expected to enhance the company's product offerings and increase overall market competitiveness[6]. - Future guidance includes a focus on sustainability initiatives, aiming for a 50% reduction in carbon emissions by 2025[10]. - The company aims to explore new opportunities in renewable energy product sales and new energy power system integration services[143]. Share Capital and Management Changes - As of March 31, 2024, the company had issued a total of 460,976,684 ordinary shares with a par value of HKD 0.5 each[111]. - Mr. Huang Bo, an executive director, holds 86,825,934 shares, representing approximately 18.84% of the issued share capital[110]. - Ms. Li Yanyan is a beneficial owner of 59,094,406 shares, accounting for approximately 12.82% of the issued share capital[114]. - The company has established a share option scheme effective from August 26, 2014, which will remain valid for ten years until August 20, 2024[115]. - The share option scheme allows for the issuance of shares not exceeding 30% of the company's issued share capital upon exercise of options granted[116]. - Two executive directors, Zhao Dongping and Yuan Qinglan, resigned on December 12, 2023, to pursue other business commitments[120]. - The company appointed Huang Bo as the executive director and chairman on December 12, 2023[123]. - Zhang Jinhua was appointed as an executive director on February 8, 2024, bringing experience from renewable energy and financial services[124]. - The board of directors includes independent non-executive directors Zhang Dingjian and Qiao Wencai, both appointed on December 12, 2023[131]. - The financial management team, led by CFO Xie Wenjie, has over 25 years of experience in accounting and financial management[126]. - The company emphasizes its commitment to corporate governance with a diverse board composition[131]. - The new appointments are expected to enhance the company's strategic direction and operational efficiency[124]. Operational Performance and Challenges - The group recorded a loss attributable to owners of approximately RMB 47.2 million for the year ending December 31, 2024, compared to a loss of RMB 25.1 million in 2023, indicating a significant increase in losses[143]. - For the fiscal year ending March 31, 2024, the company recorded no revenue from renewable energy product sales, a decrease of 100% compared to RMB 42,500,000 for the fiscal year ending March 31, 2023[163]. - The company has not engaged in any significant investments, acquisitions, or disposals of subsidiaries during the fiscal year ending March 31, 2024[165]. - The company has established a loan obligation of approximately RMB 22,800,000 to a director's family member, with an annual interest rate of 12%[164]. - The company has not utilized any financial instruments for hedging as of March 31, 2024[187]. Strategic Partnerships and Future Outlook - The company plans to supply electricity from photovoltaic and wind power stations to project partners, with pricing set below market rates[167]. - The group will construct, own, and operate power stations on the idle land of project partners, which is expected to generate stable long-term revenue due to high daily electricity consumption by the partners[192]. - The project partners are strategic customers with significant energy needs from their numerous mines and smelting plants in China, potentially becoming a major revenue source for the group[193]. - The company expects to continue supplying electricity generated from the power stations to project partners for revenue generation in the coming years[192]. - The strategic partnership with project partners is expected to enhance the company's revenue stability due to their high energy demands[193].

董事已審閱管理層編製的當前績效及現金流量預測，作為評估本集團持續經營能力的一部分，且於仔 細考慮下文所述事項後，董事合理預期本集團自報告期末起計至少未來十二個月內能夠持續經營並履 行其到期義務，與以下事項有關： 截至二零二四年三月三十一日止年度 (c) 於二零二四年三月三十一日，本集團擁有約人民幣45,724,000元的流動資產淨值；及 截至二零二四年三月三十一日止年度 綜合財務報表包括本公司及由本公司及其附屬公司控制之實體之財務報表。 尤其是，附屬公司收入及開支自本集團取得控制權當日起計入綜合損益及其他全面收益表，直至本集 團不再控制附屬公司之日為止。 附屬公司的非控股權益從本集團權益中獨立呈列，於清盤後相當於其持有人有權按比例分佔相關附屬 公司資產淨值之現存所有權權益。 3. 綜合財務報表及重大會計政策資料之呈列及編製基準（續） 綜合基準（續） 倘本集團失去一間附屬公司的控制權，則(i)於失去控制權當日終止確認該附屬公司資產（包括任何商譽）及負 債之賬面值，(ii)於失去控制權當日終止確認於前附屬公司之任何非控制權益之賬面值（包括彼等應佔其他全 面收益部分），及(iii)確認已收代價的公平值總額與任何保留 ...

中国科技产业集团有限公司 CHINA TECHNOLOGY INDUSTRY GROUP LIMITED (於開曼群島註冊成立之有限公司) (股份代號: 8111) 中期配信 0 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提供一個上市之市場。有意 投資之人士應了解投資於該等公司之潛在風險，並應經過審慎周詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於主板買賣之證券承受較大之市場波動風 險，同時無法保證在GEM買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及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（中國科技產業集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）各董事（「董事」）共同及個別對此 負全責）乃遵照聯交所GEM證券上市規則（「GEM上市規則」）之規定而提供有關本公司之資料。各董事經作出一切 合理查詢後，確認就彼等所知及所信：本報告所載資 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公佈之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示不會就本公佈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。 本公佈（中國科技產業集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）各董事（「董 GEM GEM 事」）共同及個別對此負全責）乃遵照聯交所 證券上市規則（「 上市規則」）之規定而提 供有關本公司之資料。各董事經作出一切合理查詢後，確認就彼等所知及所信：本公佈所載資 料在各重大方面均屬準確及完整，且無誤導或虛假成分；亦並無遺漏任何其他事實致使本公 佈或本公佈所載任何聲明產生誤導。 （於開曼群島註冊成立之有限公司） 8111 （股份代號： ） 二零二三年中期業績公佈 截至二零二三年九月三十日止六個月 ...

Financial Performance - For the three months ended June 30, 2023, the company reported a loss attributable to owners of approximately RMB 5,400,000, compared to a loss of RMB 3,300,000 for the same period in 2022, representing an increase in loss of 63.6%[3]. - The company recorded no revenue for the three months ended June 30, 2023, a decrease of 100% compared to revenue of approximately RMB 26,900,000 for the same period in 2022[3][11]. - Basic loss per share for the three months ended June 30, 2023, was approximately RMB 1.20, compared to RMB 0.73 for the same period in 2022, indicating a higher loss per share of 64.4%[9]. - The company incurred a pre-tax loss of RMB 5,397,000 for the three months ended June 30, 2023, compared to a pre-tax loss of RMB 2,807,000 in the same period of 2022, representing an increase in losses[23]. - The group reported a pre-tax loss of RMB 5,397,000 for the three months ended June 30, 2023, compared to a loss of RMB 3,270,000 for the same period in 2022, representing a 64.8% increase in loss year-over-year[37]. - Basic and diluted loss per share was RMB (1.20) cents for the three months ended June 30, 2023, compared to RMB (0.73) cents in 2022, indicating a 64.4% increase in loss per share[37]. - The group’s total accumulated losses increased to RMB (224,576,000) as of June 30, 2023, from RMB (219,179,000) as of April 1, 2023[40]. Expenses - Administrative expenses for the three months ended June 30, 2023, were approximately RMB 2,600,000, an increase of 48.5% from RMB 1,800,000 for the same period in 2022[9]. - The company’s administrative expenses increased to RMB 2,626,000 in the three months ended June 30, 2023, from RMB 1,768,000 in the same period of 2022[23]. - Financing costs increased significantly to RMB 1,594,000 in 2023 from RMB 553,000 in 2022, marking a 188.4% rise[32]. - The group’s financing costs included RMB 1,003,000 from convertible bonds and RMB 570,000 from other loan interests for the three months ended June 30, 2023[32]. Revenue and Sales - The gross profit margin for the three months ended June 30, 2022, was approximately 3.1%, while there was no gross profit recorded for the same period in 2023[7]. - The company did not record any sales expenses for the three months ended June 30, 2023, a decrease of 100% from approximately RMB 56,000 for the same period in 2022[9]. - For the three months ended June 30, 2023, the company reported no revenue from its main business activities, compared to RMB 26,907,000 in the same period of 2022[23][28]. Business Development - The company faced significant challenges in obtaining new business contracts due to strict COVID-19 lockdowns in China, which have now been lifted, allowing for renewed business development efforts[18]. - The company is actively seeking new business opportunities in the renewable energy sector following the easing of COVID-19 restrictions in China[18]. - The company is exploring the construction of a photovoltaic power station, a wind power station, and an energy storage station in Henan, China, to diversify its product offerings and provide stable revenue sources[19]. - The company is currently negotiating the remaining specifications for a photovoltaic power station in Inner Mongolia, which is expected to expand its business scope and provide long-term stable income[19]. - The company has signed a non-binding term sheet related to the construction of the photovoltaic power station in Inner Mongolia, indicating progress in its project development[19]. Shareholder Information - Major shareholders include Mr. Huang Bo with 86,825,934 shares (19.37%) and Ms. Li Yanyan with 59,094,406 shares (13.19%) as of June 30, 2023[46]. - The group did not declare any quarterly dividend for the three months ended June 30, 2023, similar to the previous year[39]. - The weighted average number of ordinary shares for calculating basic and diluted loss per share remained unchanged at 448,176,684 shares for both periods[37]. - As of June 30, 2023, the company has issued a total of 448,176,684 ordinary shares with a par value of HKD 0.5 each[48]. Corporate Governance - The audit committee consists of three independent non-executive directors, responsible for reviewing the effectiveness of internal controls and risk management systems[47]. - The board of directors includes four executive directors and three independent non-executive directors as of the report date[52]. - The company has adopted a code of conduct for securities transactions in compliance with GEM Listing Rules[52]. - There were no interests held by directors or their close associates in any competing businesses as of June 30, 2023[49]. Taxation - The group did not incur any income tax expenses in Hong Kong for the three months ended June 30, 2023, consistent with the previous year[34]. - The group’s subsidiaries in China benefited from a reduced corporate income tax rate of 15% under certain conditions, compared to the standard rate of 25%[34].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公佈之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示不會就本公佈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。 本公佈（中國科技產業集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）各董事（「董 GEM GEM 事」）共同及個別對此負全責）乃遵照聯交所 證券上市規則（「 上市規則」）之規定而提 供有關本公司之資料。各董事經作出一切合理查詢後，確認就彼等所知及所信：本公佈所載資 料在各重大方面均屬準確及完整，且無誤導或虛假成分；亦並無遺漏任何其他事實致使本公 佈或本公佈所載任何聲明產生誤導。 （於開曼群島註冊成立之有限公司） 8111 （股份代號： ） 第一季度業績公佈 截至二零二三年六月三十日止三個月 ...

Financial Performance - For the fiscal year ending March 31, 2023, the company reported a loss attributable to owners of approximately RMB 25.1 million, compared to a loss of RMB 3.7 million for the previous year, marking a significant increase in losses [12]. - The company's revenue for the fiscal year was approximately RMB 42.5 million, a decrease of about 41.1% from RMB 72.2 million in the previous year, primarily due to strict COVID-19 restrictions in China [12]. - The gross profit margin for the fiscal year was approximately 5.2%, down from 18.2% in the previous year, reflecting a shift in revenue sources and project complexity [14]. - Basic loss per share for the fiscal year was approximately RMB 5.61, compared to RMB 0.83 in the previous year, indicating a substantial increase in per-share losses [17]. - The company's revenue for the fiscal year ending March 31, 2023, was approximately RMB 42.5 million, a decrease from RMB 72.2 million in the previous year [29]. - Sales expenses were reduced to zero for the fiscal year ending March 31, 2023, a 100% decrease from RMB 400,000 in the previous year [35]. - Administrative expenses increased by 31.4% to RMB 13,700,000 for the fiscal year ending March 31, 2023, compared to RMB 10,400,000 in the previous year [36]. - As of March 31, 2023, the company's cash and bank balances totaled approximately RMB 3,400,000, down from RMB 4,000,000 the previous year [38]. - The current ratio decreased from 2.0 as of March 31, 2022, to 1.5 as of March 31, 2023 [39]. - The debt-to-asset ratio increased from 49.0% as of March 31, 2022, to 58.1% as of March 31, 2023 [39]. - The company has no significant contingent liabilities as of March 31, 2023 [41]. - There were no major investments or acquisitions during the fiscal year ending March 31, 2023 [44]. Business Strategy and Operations - The board remains cautiously optimistic about the company's operations in the coming years, anticipating a stable recovery of the Chinese economy following the easing of COVID-19 restrictions [13]. - The company aims to continue seeking new business and investment opportunities to enhance its market position [13]. - The company plans to establish a solar component manufacturing facility in Hebei to ensure stable supply and improve quality control for its solar-related products [18]. - The company is also exploring the establishment of a distributed wind power station and energy storage system in China, aiming to diversify its product offerings and create stable revenue sources [19]. - The company is focusing on developing its renewable energy product sales and new energy power system integration business to align with China's carbon neutrality goals [29]. - The company is actively seeking new business opportunities in the renewable energy sector to expand its revenue sources and provide returns to shareholders [22]. - The company operates on a project-based model, focusing on fewer but larger projects in the renewable energy sector [26]. - The company is establishing a solar component manufacturing facility in Hebei to ensure stable supply and improve quality control for its key projects [164]. - The company is focused on expanding its market presence and exploring new strategies for growth [164]. - The company is dedicated to environmental, social, and governance (ESG) initiatives as part of its operational strategy [166]. Corporate Governance - The board of directors has maintained a 100% attendance rate for key members during the review period, indicating strong governance and oversight [85]. - The company has adhered to all corporate governance codes during the review period, except for a deviation regarding the separation of the roles of chairman and CEO [76][77]. - The company’s board consists of a mix of executive and independent non-executive directors, ensuring diverse expertise in governance and strategic planning [81][86]. - The company has committed to transparency and accountability in its corporate governance practices, aligning with GEM listing rules [76]. - The company’s management is responsible for preparing accurate financial statements and overseeing the execution of business strategies [80]. - The Audit Committee held five meetings during the review period and reviewed the group's unaudited quarterly and interim results, concluding that the financial statements complied with appropriate accounting standards and provided adequate disclosures [90]. - The Remuneration Committee held one meeting during the review period, focusing on the remuneration policy for directors and senior management, ensuring it aligns with industry standards to attract and retain talent [93]. - The Nomination Committee held one meeting during the review period, evaluating potential director candidates based on the skills and experience necessary for the group's development [94]. - The Corporate Governance Committee held one meeting during the review period, reviewing the company's governance policies and compliance with legal and regulatory requirements [99]. - The attendance rate for the Audit Committee was 100% for all independent non-executive directors during the review period [100]. - The company has established a diversity policy for the board, aiming to select candidates based on a range of diversity criteria while ensuring contributions to the board [97]. - The company has established policies and guidelines for risk management and internal control systems [120]. - The board believes that the group's risk management and internal control systems were sufficient and effective during the review period [126]. Risk Management - The group faces risks related to government policy changes that could impact renewable energy development, despite existing supportive legislation [155]. - The company is at risk of not keeping pace with rapid technological advancements in the renewable energy sector, necessitating ongoing R&D efforts [156]. - The group requires significant funding for future projects and may seek partnerships or financing to mitigate funding risks [159]. - The company does not have long-term sales agreements with major customers, making it crucial to maintain good relationships to avoid significant order reductions [160]. - The group relies on suppliers for renewable energy products, and any price increases or supply disruptions could adversely affect financial performance [163]. - The company has implemented a risk management and internal control system to effectively monitor financial risks, including market, credit, and liquidity risks [164]. Shareholder Information - As of March 31, 2023, the company had issued share capital of 448,176,684 shares, with a par value of HKD 0.5 per share [196]. - Major shareholder Huang Bo holds 86,825,934 shares, representing approximately 19.37% of the company's issued share capital [195]. - The company did not purchase, sell, or redeem any of its shares during the year ended March 31, 2023 [190]. - As of March 31, 2023, executive director Xie Wenjie holds 12,489,469 shares, representing approximately 2.79% of the company's issued share capital [192]. - The company provided loans of up to RMB 7,010,000 and RMB 54,000,000 to Zhangbei Smart Energy, which is controlled by major shareholder Huang [189]. - The company did not declare or pay any interim dividends during the reviewed year, nor did it recommend a final dividend for the year ending March 31, 2023 [147]. - The company has no distributable reserves as of March 31, 2023, consistent with the previous year [149]. Employee Relations - Employee compensation is reviewed annually based on performance and market rates, with additional benefits including medical insurance and performance-linked bonuses [169]. - The company maintains close relationships with employees, customers, and suppliers to meet their current and long-term needs [170]. - As of March 31, 2023, the employee gender ratio in the group is 56.7% male and 43.3% female, with a commitment to maintain a sustainable gender diversity level above 43.3% [145].