中期業績報告 2021 (於開曼群島註冊成立之有限公司) (股份代號 : 8117) 01 中國基礎能源控股有限公司 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM之定位，乃為中小型公司提供一個上市之市場，此等公司相比起其他 在聯交所上市之公司帶有較高投資風險。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聯 交所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 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。 本報告之資料乃遵照聯交所之GEM證券上市規則（「GEM上市規則」）而刊載， 旨在提供有關中國基礎能源控股有限公司（「本公司」）之資料；本公司之各 董事（「董事」）願就本報告之資料共同及個別地承擔全部責任。各董事在作 出一切合理查詢後，確認就其所知及所信，本報告所載資料在各重要方面 均屬準確完備，沒有誤導或欺 ...

Financial Performance - Total revenue for the three months ended March 31, 2021, was approximately HKD 37,171,000, an increase of about 8.8% compared to HKD 34,155,000 for the same period in 2020[5]. - The loss attributable to owners of the company for the same period was approximately HKD 6,224,000, compared to a profit of HKD 53,366,000 in the previous year[5]. - The company reported a significant decrease in trade receivables impairment loss recovery, with no recovery reported for the current period compared to HKD 300,000 in the previous year[8]. - Revenue from the transportation and distribution of natural gas was HKD 33,269,000, up from HKD 31,108,000 in the previous year[14]. - Total rental income for the period was HKD 3,902,000, compared to HKD 3,047,000 in the same period last year[14]. - Other comprehensive loss for the period was HKD 938,000, compared to a loss of HKD 14,491,000 in the previous year[9]. - Basic and diluted loss per share for the period was HKD 0.006, compared to earnings per share of HKD 0.052 in the previous year[9]. - The total comprehensive loss for the period was HKD 7,287,000 in Q1 2021, compared to a total comprehensive income of HKD 43,602,000 in Q1 2020[28]. - The company reported an unaudited loss before tax of approximately HKD 5,635,000 for the three months ended March 31, 2021, compared to a profit of HKD 54,923,000 for the same period in 2020[41]. Cost and Expenses - The company experienced a decrease in employee costs, which amounted to HKD 5,617,000 compared to HKD 4,288,000 in the previous year[8]. - The company’s financing costs increased slightly to HKD 2,607,000 from HKD 2,477,000 in the previous year[8]. - Interest expenses for bank loans and other borrowings increased to HKD 1,739,000 in Q1 2021 from HKD 932,000 in Q1 2020, representing an increase of 86.5%[16]. - Depreciation of property, plant, and equipment decreased to HKD 4,020,000 in Q1 2021 from HKD 5,222,000 in Q1 2020, a decline of 23.1%[17]. - The company incurred other operating expenses, including short-term lease expenses of HKD 456,000, which increased from HKD 299,000 in the previous year, a rise of 52.5%[17]. - The company’s interest expenses from loans provided by a major shareholder decreased to HKD 833,000 in Q1 2021 from HKD 1,510,000 in Q1 2020, a reduction of 44.8%[16]. Dividends and Shareholder Information - The company did not declare any interim dividend for the three months ended March 31, 2021, consistent with the previous year[5]. - The company did not declare any dividends for the three months ended March 31, 2021, consistent with the previous year[19]. - The weighted average number of ordinary shares for basic earnings per share calculation remained unchanged at 1,023,987,000 shares for both Q1 2021 and Q1 2020[22]. - As of March 31, 2021, the company had 1,023,987,439 issued ordinary shares, with a significant ownership stake of 36.24% held by Ms. Ma Zhang[47]. - Major shareholders include Guo Xiuqin with 123,867,678 shares (12.10%), Ji Shengzhi with 110,000,000 shares (10.74%), and Vanke Enterprise Co., Ltd. with 93,089,767 shares (9.09%) as of March 31, 2021[59]. Business Operations and Future Outlook - The natural gas business remains the core operation, benefiting from China's growing demand for clean energy and government policies encouraging the use of natural gas[30]. - The company anticipates significant revenue generation from the biomass gasification heating plant in Huaining County, Anhui Province, expected to commence operations in 2021[30]. - The property investment business in Yichang has provided stable positive cash flow, with all tenants being automotive parts manufacturers supported by the local government[31]. - The company plans to sell 90% of its stake in Yichang Yiling District Zhongji Thermal Power Co., Ltd. for a cash consideration of RMB 42,072,200[35]. - The sale of a 49% stake in Yichang Zhongji Natural Gas Utilization Co., Ltd. is set for a cash consideration of RMB 532,875[38]. - The estimated gain from the sale of the stakes in both companies is approximately RMB 10,200,000, with net proceeds expected to be around RMB 42,300,000 after expenses[40]. - The board will continue to implement stringent cost control measures and maintain an efficient workforce to enhance shareholder value[41]. - The company will closely monitor the impact of the COVID-19 pandemic on its operations and financial performance, given the reliance on domestic demand[33]. - The board is optimistic about the group's performance, expecting significant growth in the energy and property investment sectors starting from 2021[43]. - The energy division, primarily consisting of natural gas operations, is expanding its sales network and is projected to contribute substantial revenue due to the Chinese government's clean energy policies[43]. - As of March 31, 2021, the company has sufficient financial resources to support ongoing operations and future development[45]. Governance and Share Options - The company has established an audit committee consisting of three independent non-executive directors to review financial controls and risk management systems[66]. - The company has a compensation committee responsible for reviewing and determining the compensation policies for executive directors and senior management[67]. - The company has established a clear governance structure with independent committees to oversee financial and compensation matters[66]. - The Nomination Committee was established on March 22, 2012, to review the board structure and recommend changes based on corporate strategy[69]. - The company has granted a total of 159,268,743 share options, which represents approximately 15.55% of the issued share capital as of March 31, 2021[54]. - The total number of stock options granted during the period was 59,270,000, with 56,870,000 remaining unexercised as of March 31, 2021[57]. - The stock options were granted at an exercise price of HKD 0.87 per share[57]. - No ordinary shares were repurchased by the company or its subsidiaries during the three months ended March 31, 2021[70]. - The board of directors consists of three executive directors and four independent non-executive directors as of May 12, 2021[72].

(於開曼群島註冊成立之有限公司) (股份代號 : 8117) 2020 年 報 (Incorporated in the Cayman Islands with limited liability) (Stock Code : 8117) Report 2020 Annual Annual Report 2020 年報 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM之定位，乃為中小型公司提供一個上市之市場，此等公司相比起其他在聯交所上市之公司帶有較高 投資風險。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聯交所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年報之內容概不負責，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年報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。 本年報之資料乃遵照聯交所之《GEM證券上市規則》（「GEM上市規則」）而刊載，旨在提供有關中國基礎能 源控股有 ...

Financial Performance - Total revenue for the nine months ended September 30, 2020, was approximately HKD 62,791,000, a decrease of about 2.8% compared to HKD 64,604,000 for the same period in 2019[5]. - Profit attributable to owners of the company for the nine months ended September 30, 2020, was approximately HKD 32,099,000, compared to a loss of HKD 15,035,000 for the same period in 2019[5]. - The group reported a net profit of HKD 31,897,000 for the nine months ended September 30, 2020, compared to a loss of HKD 15,764,000 for the same period in 2019[10]. - The basic and diluted earnings per share for the nine months ended September 30, 2020, were HKD 0.031, compared to a loss of HKD 0.014 for the same period in 2019[10]. - Total comprehensive income for the nine months ended September 30, 2020, was HKD 35,833,000, compared to HKD 30,244,000 for the same period in 2019[10]. - The company reported a loss before tax of HKD 31,897,000 for the nine months ended September 30, 2020, compared to a loss of HKD 15,764,000 in the same period in 2019[26]. - Basic and diluted loss per share for the nine months ended September 30, 2020, was HKD 0.0314, compared to a loss of HKD 0.0147 in the same period in 2019[29]. - The company recorded a loss of HKD 6,303,000 attributable to owners for the three months ended September 30, 2020, compared to a loss of HKD 8,859,000 in the same period in 2019, showing an improvement[29]. - The total comprehensive income for the period was HKD 39.183 million, reflecting a recovery from the previous total comprehensive loss of HKD 30.244 million[36]. Revenue Sources - Revenue from gas transportation and distribution increased to HKD 52,825,000 for the nine months ended September 30, 2020, up 24% from HKD 42,557,000 in the same period of 2019[15]. - Total rental income rose to HKD 9,966,000 for the nine months ended September 30, 2020, compared to HKD 7,805,000 in the previous year, reflecting a 27.7% increase[15]. - Miscellaneous income for the three months ended September 30, 2020, was HKD 857,000, significantly higher than HKD 293,000 in the same period of 2019, marking a 193% increase[17]. - Interest income from banks increased to HKD 212,000 for the nine months ended September 30, 2020, compared to HKD 57,000 in the previous year, representing a 271% rise[17]. Expenses and Costs - The group’s employee costs for the nine months ended September 30, 2020, were HKD 12,900,000, down from HKD 15,822,000 in the previous year[8]. - Total operating expenses for the nine months ended September 30, 2020, were HKD 24,817,000, significantly higher than HKD 14,105,000 in the same period of 2019, indicating a 76% increase[18]. - Financing costs totaled HKD 6,147,000 for the nine months ended September 30, 2020, up 101% from HKD 3,057,000 in the same period of 2019[20]. Business Operations - The natural gas business remains the core business of the group, with stable operational scale in 2020, supported by government policies encouraging the use of clean energy in China[38]. - The group has been focusing on clean energy projects related to natural gas, with a significant investment in a natural gas combined heat and power plant, which is expected to improve future performance and profitability[39]. - The demand for electronic components significantly decreased during the review period, mainly due to the instability caused by the US-China trade war and COVID-19, but this did not have a major impact on the group's performance and financial results[38]. - The group operates natural gas businesses in various regions and provinces in China, primarily serving industrial customers[38]. Shareholder Information - As of September 30, 2020, the total equity attributable to the company's owners was HKD 344.734 million, a decrease from HKD 369.560 million as of December 31, 2019[36]. - Major shareholders hold significant stakes, with Guo Xiuqin holding 123,867,678 shares, representing 12.10% of the total shares[65]. - Ji Shengzhi and Lu Ke each hold 110,000,000 shares, accounting for 10.74% of the total shares[65]. - Vanke Enterprise Co., Ltd. holds 93,089,767 shares, representing 9.09% of the total shares[66]. Corporate Governance - The audit committee consists of three independent non-executive directors who reviewed the unaudited results for the nine months ended September 30, 2020[72]. - The remuneration committee is responsible for reviewing the remuneration policies for all executive directors and senior management[73]. - The nomination committee evaluates the independence of independent non-executive directors and recommends changes to the board structure as needed[74]. - The company has established an audit committee in compliance with GEM Listing Rules to oversee financial controls and risk management systems[72]. - The board of directors is composed of both executive and independent non-executive directors, ensuring a balanced governance structure[76]. Future Outlook - The company expects the energy division, primarily driven by natural gas business, to contribute significantly to revenue growth due to the expansion of its sales network and government support for clean energy policies[48]. - The group’s management believes that with the stable development of the clean energy business, revenue will improve in the future[38]. - The property investment business in Yichang is expected to continue generating stable cash flow due to its location in a government-supported automotive manufacturing industrial park[41]. - As of September 30, 2020, the company anticipates having sufficient financial resources to support ongoing operations and future development[50]. Share Option Plan - The total number of shares that can be issued upon the exercise of options granted under the share option plan is updated to 102,398,743 shares, representing 10% of the issued shares as of May 9, 2019[60]. - As of September 30, 2020, the total number of options available for grant to eligible participants is 159,268,743, which accounts for approximately 15.55% of the issued share capital[60]. - The remaining term of the share option plan is approximately 1 year and 8 months as of September 30, 2020[61]. - The total number of options granted to eligible participants during the period was 59,270,000, with 56,870,000 options remaining unexercised as of September 30, 2020[63]. - The share option plan was adopted on May 8, 2012, and is valid for ten years from the date it becomes unconditional[59]. - The exercise price of the options is determined by the board but cannot be lower than the highest of the closing price on the date of grant or the average closing price over the preceding five trading days[59]. - The total value of options granted to connected persons exceeding 5,000,000 HKD requires prior shareholder approval[59].

(於開曼群島註冊成立之有限公司) (股份代號 : 8117) (Incorporated in the Cayman Islands with limited liability) (Stock Code : 8117) I N T E R I M R E P O R T 2 0 2 0 中 期 業 績 報 告 2 0 2 0 中國基礎能源控股有限公司 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM之定位，乃為中小型公司提供一個上市之市場，此等公司相比起其他 在聯交所上市之公司帶有較高投資風險。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聯 交所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 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。 本報告之資料乃遵照聯交所之GEM證券上市規則（「GEM上市規則」）而刊 ...

Financial Performance - Total revenue for the three months ended March 31, 2020, was approximately HKD 34,155,000, an increase of about 48% compared to HKD 23,083,000 for the same period in 2019[5] - Profit attributable to owners of the company was approximately HKD 53,366,000, compared to a loss of HKD 1,215,000 for the same period in 2019[5] - The company reported a total comprehensive income of HKD 40,432,000 for the period, compared to HKD 11,359,000 in the previous year[9] - Basic earnings per share for the period was HKD 0.052, compared to a loss per share of HKD 0.001 in the previous year[9] - The pre-tax profit for the three months ended March 31, 2020, was HKD 54,923,000, a significant improvement from a loss of HKD 148,000 in the same period of 2019[21] - The profit during the review period was primarily due to a gain of approximately HKD 58,770,000 from the sale of a subsidiary[40] - The unaudited profit before tax for the same period was approximately HKD 54,923,000, compared to a loss of approximately HKD 148,000 in the previous year[40] Revenue Sources - Revenue from the transportation and distribution of natural gas was HKD 31,108,000, up from HKD 15,443,000 in the previous year[14] - Total rental income for the period was HKD 3,047,000, compared to HKD 1,651,000 in the previous year[14] - The total revenue for the group increased compared to the same period in 2019, primarily due to the growth in the natural gas business[31] - The natural gas business remains the core operation of the group, with stable growth expected due to government policies promoting clean energy usage in China[31] Financial Costs and Expenses - The company experienced a foreign exchange loss of HKD 14,491,000 during the period, compared to a gain of HKD 11,507,000 in the previous year[9] - The company’s financing costs increased to HKD 2,477,000 from HKD 919,000 in the previous year[8] - The total interest expense for financing costs increased to HKD 2,477,000 in 2020 from HKD 919,000 in 2019, marking a rise of 169.5%[16] - For the three months ended March 31, 2020, the interest on bank loans and other borrowings amounted to HKD 932,000, compared to HKD 801,000 in 2019, representing an increase of 16.4%[16] Dividends and Shareholder Information - The company did not declare any interim dividend for the three months ended March 31, 2020, consistent with the previous year[5] - The company did not recommend any dividend for the three months ended March 31, 2020, consistent with the previous year[23] - Major shareholders include Guo Xiuqin with 123,867,678 shares (12.10%) and Ji Shengzhi with 110,000,000 shares (10.74%) as of March 31, 2020[57] Investments and Future Plans - The company plans to continue its focus on the transportation and distribution of natural gas and property investment in China[11] - The group has begun investing in a natural gas combined heat and power plant, which is expected to enhance future performance and profitability[32] - The company plans to continue leasing land and properties located in Yichang to generate rental income[42] - The board will continue to explore viable investment opportunities to enhance the company's value amid global economic instability[34] Governance and Compliance - The Audit Committee has been established in accordance with GEM Listing Rules and consists of three independent non-executive directors[65] - The Remuneration Committee is responsible for reviewing and determining the remuneration policies for all executive directors and senior management, consisting of three independent non-executive directors[66] - The Board of Directors includes both executive and independent non-executive directors, ensuring a diverse governance structure[72] Stock Options and Capital Structure - The stock options plan allows for the issuance of up to 161,668,743 shares, representing approximately 15.79% of the company's issued share capital as of March 31, 2020[53] - The remaining term of the stock options plan is approximately 2 years and 2 months as of March 31, 2020[54] - The total number of stock options granted during the period was 59,270,000, with 52,850,000 options held by employees[56] - The company has issued convertible bonds amounting to HKD 60,000,000 with a 4.5% interest rate, which were issued on May 8, 2015[60] Economic Impact and Market Conditions - The electronic components demand significantly declined during the review period, mainly due to the US-China trade war and COVID-19, but this did not have a major impact on the group's performance[31] - The group anticipates that COVID-19 will not have a direct and profound impact on its operations due to reliance on domestic demand for natural gas and property investments[34] - The group will manage its operations more cautiously in light of the current global economic uncertainties[34]

(於開曼群島註冊成立之有限公司) (股份代號 : 8117) 年 報 2019 Annual Report 2019 (Incorporated in the Cayman Islands with limited liability) (Stock Code : 8117) Annual Report 2019 年報 中國基礎能源控股有限公 司 China Primary Energy Holdings Limite d GEM之定位，乃為中小型公司提供一個上市之市場，此等公司相比起其他在聯交所上市之公司帶有較高 投資風險。有意投資之人士應了解投資於該等公司之潛在風險，並應經過審慎周詳考慮後方作出投資決定。 香港聯合交易所有限公司（「聯交所」）GEM的特色 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聯交所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年報之內容概不負責，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年報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。 本年 ...

第三季度業績報告 2019 (於開曼群島註冊成立之有限公司) (股份代號 : 8117) 中國基礎能源控股有限公司 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM之定位，乃為中小型公司提供一個上市之市場，此等公司相比起其他 在聯交所上市之公司帶有較高投資風險。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聯 交所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 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。 本報告之資料乃遵照聯交所之GEM證券上市規則（「GEM上市規則」）而刊載， 旨在提供有關中國基礎能源控股有限公司（「本公司」）之資料；本公司之各 董事（「董事」）願就本報告之資料共同及個別地承擔全部責任。各董事在作 出一切合理查詢後，確認就其所知及所信，本報告所載資料在各重要方面 均屬準確完備，沒有誤導或欺詐 ...

中期業績報告 2019 (於開曼群島註冊成立之有限公司) (股份代號 : 8117) 中國基礎能源控股有限公司 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM之定位，乃為中小型公司提供一個上市之市場，此等公司相比起其他 在聯交所上市之公司帶有較高投資風險。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聯 交所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 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。 未經審核業績 中國基礎能源控股有限公司（「本公司」）董事會（「董事會」）公佈本公司及其 附屬公司（統稱「本集團」）截至二零一九年六月三十日止六個月之未經審核 綜合業績及比較數字如下。本集團綜合中期財務報表乃未經審核，惟已經 由本公司審核委員會省覽。 本報告之資料乃遵照聯交所之GEM證券上市規則（「GEM上市規則」 ...

Financial Performance - Total revenue for the first quarter of 2019 was approximately HKD 23,083,000, a decrease of about 47.3% compared to HKD 43,766,000 in the same period last year[6]. - The loss attributable to the owners of the company was approximately HKD 1,215,000, compared to a loss of HKD 11,213,000 in the same period last year[6]. - The company reported a total comprehensive income of HKD 11,359,000 for the quarter, compared to HKD 4,434,000 in the same period last year[10]. - The basic and diluted loss per share for the period was HKD (0.001), compared to HKD (0.012) in the same period last year[10]. - The group experienced a significant decrease in revenue from continuing operations, with a reported revenue of HKD 23,083,000 compared to HKD 38,441,000 in the previous year[9]. - Total revenue for the three months ended March 31, 2019, was HKD 23,083,000, a decrease of 40% compared to HKD 38,441,000 for the same period in 2018[14]. - The company reported a loss before tax of HKD 148,000 for the three months ended March 31, 2019, compared to a loss of HKD 7,374,000 for the same period in 2018[21]. - The company incurred a loss attributable to owners of the company of HKD 1,215,000 for the three months ended March 31, 2019, compared to a loss of HKD 11,213,000 in the same period of 2018[24]. - The overall comprehensive income for the three months ended March 31, 2019, was HKD 9,727,000, compared to a loss of HKD 1,215,000 in the same period last year[31]. Revenue Breakdown - Revenue from the sale of electronic components was HKD 5,989,000, while revenue from gas transportation and distribution was HKD 15,443,000, showing a decline in both segments[14]. - Total revenue for the three months ended March 31, 2019, decreased compared to the same period in 2018, primarily due to a decline in trading business revenue and the cessation of discontinued operations[31]. Business Operations - The company’s main business activities include the transportation and distribution of natural gas, trading of electronic components, and property investment, primarily located in China[11]. - The company decided to terminate the polyethylene pipeline business due to continuous net losses, with the business generating no revenue in the current reporting period[18]. - The natural gas business is now the core business of the company, with continued growth in operational scale in 2019, supported by the Chinese government's clean energy policies[31]. - The company has invested in and developed natural gas cogeneration projects, with a subsidiary receiving approval to develop this business in Yichang, Hubei Province[32]. - The company has expanded its revenue sources by launching a leasing business, with the "Zhongji Tiangu Automotive Parts Industrial Park" covering approximately 213,000 square meters, of which about 87,000 square meters have been leased[34]. - The company sold a 21% stake in Fujian Minsheng Gas Co., Ltd. for RMB 10,500,000, completing the transaction on February 12, 2019[35]. Financial Management - Employee costs, including directors' remuneration, were HKD 6,418,000, down from HKD 8,289,000 in the previous year[9]. - The group incurred financing costs of HKD 919,000, a decrease from HKD 1,095,000 in the previous year[9]. - Financing costs decreased to HKD 919,000 in 2019 from HKD 1,095,000 in 2018, reflecting a reduction in interest expenses[15]. - Depreciation expenses for owned properties, plants, and equipment increased to HKD 3,273,000 in 2019 from HKD 1,601,000 in 2018[16]. - The board will continue to implement stringent cost control measures and maintain an efficient workforce structure in the current economic environment[37]. Shareholder Information - The average number of ordinary shares issued during the period was 1,023,987,439 shares, compared to 954,687,279 shares in the same period of 2018[27]. - The total number of share options available for grant under the share option scheme is 152,359,767, which represents approximately 14.88% of the issued share capital as of March 31, 2019[48]. - Major shareholders include Guo Xiuqin with 123,867,678 shares (12.10%) and Ji Shengzhi with 110,000,000 shares (10.74%) as of March 31, 2019[52]. - The total issued ordinary shares as of March 31, 2019, is 1,023,987,439[52]. - The total number of stock options granted under the share option scheme is 149,670,000, with 149,270,000 remaining unexercised as of March 31, 2019[51]. - The total number of options exercised during the period is zero, indicating no movement in exercised options[51]. Future Outlook - The company anticipates that the development of natural gas-related clean energy projects will significantly improve future performance and profitability[32]. - The board believes that the performance of the group will improve with the growth of the clean energy business and increased contributions from leasing and trading operations[37]. - The energy segment, primarily consisting of natural gas operations, is expected to experience stable growth due to the expansion of the sales network and the implementation of clean energy policies by the Chinese government[38]. - The company is cautious in managing operations amid global political instability while seeking viable investment opportunities to enhance value[34]. - The rental income from properties located in Yichang City will continue to be generated as the properties are leased out[39]. Corporate Governance - The Audit Committee has been established in accordance with GEM Listing Rules and consists of three independent non-executive directors[61]. - The Remuneration Committee is responsible for reviewing and determining the remuneration policies for all executive directors and senior management[62]. - The Nomination Committee evaluates the board structure and recommends changes based on corporate strategy[64]. - There are no reported conflicts of interest or competition from directors or major shareholders during the review period[60]. - The company has no arrangements for directors or their family members to benefit from purchasing shares or debt securities of the company[59]. - The company has not disclosed any other individuals holding significant interests in shares or related securities as of March 31, 2019[57].