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公告全部或任何 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。 abc Multiactive Limited 辰 罡 科 技 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：8131） 有關截至二零二二年十一月三十日止年度 全年業績初步公告之補充公告 茲提述辰罡科技有限公司（「本公司」）日期為二零二三年二月二十一日之公告，內 容有關全年業績之初步公告（「業績公告」）及日期為二零二三年二月二十一日之 二零二二年年報（「年報」）。除另有指明外，本公告所用詞彙與業績公告及年報所 界定者具有相同涵義。 未達致溢利預測 根據業績公告，本公司截至二零二二年十一月三十日止年度的收益、毛利及除稅 前純利較其日期為二零二二年四月二十六日的公告所披露的溢利預測（「溢利預測」） 分別相差約15%、21%及50%。 溢利預測乃參考本集團截至二零二一年十一月三十日止年度的綜合業績及本集團 截至二零二二年二月二十八日止三個月的綜合業績而編製。溢利預測乃基於與客 戶的現有及預測合 ...

Financial Performance - Revenue for the year ended November 30, 2022, was HKD 60,244,000, a decrease of 3% compared to HKD 62,357,000 in the previous year[12]. - Annual profit for the year ended November 30, 2022, was HKD 9,110,000, representing a 42% decrease from HKD 15,640,000 in the prior year[12]. - The gross profit margin for the year ended November 30, 2022, was 59.2%, a slight decrease of 1.1% from 60.3% in the previous year[12]. - Operating expenses increased by 28% to approximately HKD 25,350,000, up from HKD 19,840,000 in the previous year, primarily due to increased sales and marketing expenses[18]. - Net profit for the year was approximately HKD 9,110,000, down from HKD 15,640,000 in the same period last year[18]. - Revenue sources included approximately HKD 40,220,000 (67%) from software licensing and related services, HKD 12,025,000 (20%) from maintenance services, and HKD 7,353,000 (12%) from fintech resource services[18]. Assets and Liabilities - Total assets increased by 26% to HKD 65,023,000 from HKD 51,613,000 year-on-year[12]. - Net assets rose by 77% to HKD 20,957,000 compared to HKD 11,847,000 in the previous year[12]. - The group's liabilities to related companies amounted to HKD 11,401,000 due within five years as of November 30, 2022, compared to HKD 8,754,000 in the previous year, reflecting a 30% increase[29]. - The group's debt-to-asset ratio was 0.68 as of November 30, 2022, indicating a significant reliance on debt financing[30]. Cash Flow and Investments - Cash and cash equivalents decreased by 78% to HKD 7,674,000 from HKD 35,520,000 year-on-year[12]. - The company completed the acquisition of Chuangzhi Management Consulting Limited for HKD 4,200,000, with HKD 2,600,000 paid in cash and the remaining HKD 1,600,000 contingent on profitability over 18 months[47]. - There were no major investments held by the group for the year ending November 30, 2022, following the acquisition of a consulting firm in the previous year[46]. Business Strategy and Outlook - The company anticipates a rapid recovery of the Hong Kong economy in 2023 as travel between mainland China and Hong Kong normalizes[10]. - The company aims to generate more recurring revenue and expand its product line into new sectors and financial industries in 2023[10]. - The research and development department is focused on developing innovative solutions in the fintech and regtech sectors[10]. - The company plans to launch more new technology solutions to the market in 2023 as part of its ongoing R&D efforts[10]. - The group is optimistic about the future of regulatory technology and information technology-related services as the economy in Hong Kong is expected to gradually recover in 2023[21]. Employee and Workforce - The employee turnover rate for the year was 48%, with a notable 88% turnover rate among female employees[147]. - The company employs a total of 25 staff members, with a gender distribution of 17 males and 8 females[143]. - The company offers competitive compensation and benefits to retain talent, with one-third of employees having worked for the company for over 5 years[149]. - The percentage of trained employees this year is approximately 16%, with an average training duration of 1.76 hours per employee[157]. Corporate Governance - The board of directors includes independent non-executive directors who have served for over nine years, requiring annual re-election by shareholders[77]. - The company has not established an internal audit function since its listing in 2000[184]. - The internal control system is reviewed annually, focusing on financial, operational, compliance, and risk management controls[186]. - The company has adopted relevant amendments to the corporate governance code as of January 1, 2022[179]. Environmental, Social, and Governance (ESG) - The group is committed to sustainable development and recognizes its importance to business and community[107]. - The ESG report covers the group's performance from December 1, 2021, to November 30, 2022[108]. - The total greenhouse gas emissions for the year 2022 amounted to 41.9 tons of CO2 equivalent, with a density of 1.68 tons of CO2 equivalent per employee[124]. - The company aims to maintain or reduce the total greenhouse gas emissions density over the next three years, using 2021 as the baseline[123]. - The company promotes a paperless workplace by implementing policies to reduce paper consumption, including double-sided printing and digital communication[128].

Financial Performance - For the three months ended August 31, 2022, the revenue was HKD 15,172,000, a decrease of 11% compared to HKD 17,092,000 for the same period in 2021[6] - For the nine months ended August 31, 2022, the revenue increased by 63% to HKD 54,243,000 from HKD 33,217,000 in the same period of 2021[6] - Gross profit for the three months ended August 31, 2022, was HKD 8,411,000, down 13.5% from HKD 9,721,000 in the previous year[6] - Operating profit for the three months ended August 31, 2022, was HKD 2,694,000, a decrease of 56.7% compared to HKD 6,242,000 in the same period of 2021[6] - The net profit for the three months ended August 31, 2022, was HKD 2,249,000, down 64.5% from HKD 6,294,000 in the same period of 2021[6] - Basic earnings per share for the three months ended August 31, 2022, was HKD 0.47, compared to HKD 1.92 for the same period in 2021[6] - The company reported a basic earnings per share of approximately HKD 0.0147 for the nine months ended August 31, 2022, compared to HKD 0.0256 for the same period in 2021, reflecting a decline of 42.5%[17] - The company recorded approximately HKD 15,172,000 in unaudited revenue for the three months ended August 31, 2022, a decrease of about 11% compared to HKD 17,092,000 in the same period last year[24] - The unaudited net profit for the period was approximately HKD 2,249,000, down from HKD 6,294,000 in the previous year[24] Revenue Sources - The company reported a significant increase in revenue from software licensing and related services, which amounted to HKD 10,104,000 for the three months ended August 31, 2022, down from HKD 13,269,000 in the previous year[12] - Revenue from maintenance services increased to HKD 3,117,000 for the three months ended August 31, 2022, compared to HKD 931,000 in the same period of 2021[12] - Revenue sources included approximately HKD 10,104,000 (67%) from software licensing and related services, HKD 3,117,000 (20%) from maintenance services, and HKD 1,936,000 (13%) from fintech resource services[24] - The revenue from the fintech resource services segment for the three months ended August 31, 2022, was approximately HKD 1,936,000, maintaining stability compared to HKD 2,043,000 in the same period last year[32] Operating Expenses - The financial results reflect the impact of increased operational costs, particularly in sales and marketing expenses, which rose to HKD 1,854,000 for the three months ended August 31, 2022, compared to HKD 686,000 in the previous year[6] - Operating expenses for the three months ended August 31, 2022, were approximately HKD 5,722,000, an increase of 64% from HKD 3,487,000 in the same period last year[25] - Total operating expenses for the nine months ended August 31, 2022, were HKD 1,238,000, down from HKD 3,625,000 in the same period of 2021, indicating a reduction of 65.8%[14] Strategic Focus and Future Plans - The company is focused on expanding its software and fintech services, which are key areas for future growth[11] - The company plans to enhance operational efficiency and drive revenue growth through the development of new products and market promotion efforts in 2022[22] - The company anticipates that its diversified product and service offerings will enable it to capture growth opportunities as market conditions improve[22] - The company aims to leverage its technology to deliver reliable and innovative business solutions at lower costs compared to alternatives, maintaining its market competitiveness[22] - The company is actively exploring potential business opportunities, including financial-related services and investment prospects[23] - The company plans to invest more resources in developing regulatory technology solutions to help clients manage compliance risks effectively[30] Product Development and Market Position - The successful launch of FinReg and customer review systems in 2021 marks a significant milestone for the company, with expectations for increased demand in regulatory technology solutions[22] - The company has successfully expanded its FinReg product line, which has led to a significant increase in new customers since its launch in 2021[28] - The FinReg system includes advanced features such as an automated customer review system and a customer management system to enhance operational efficiency[31] - The company is optimistic about the prospects for regulatory technology and information technology-related services, aiming to enhance marketing activities for new products and innovations[29] - The company aims to diversify its business and maintain competitiveness in a challenging operating environment[29] Audit and Compliance - The audit committee held three meetings to review the company's reports and financial statements for the nine months ended August 31, 2022[50] - The audit committee reviewed the unaudited performance for the three months ended August 31, 2022, and deemed it prepared in accordance with applicable accounting standards[50] - The company did not redeem any of its listed securities during the nine months ended August 31, 2022[51] Tax and Financial Position - The company has approximately HKD 38,622,000 in unutilized tax losses available for offset against future taxable profits as of August 31, 2022, down from HKD 62,278,000 in 2021[16] - The estimated interest expense on convertible bonds was HKD 2,362,000 for the nine months ended August 31, 2021, with no such expense reported for 2022[14] Dividends - No interim dividend has been proposed for the nine months ended August 31, 2022, consistent with the previous year[21]

Financial Performance - For the three months and six months ended May 31, 2022, the unaudited revenue was HKD 20,151,000 and HKD 39,071,000, representing an increase of 121.5% and 142.3% respectively compared to the same periods in 2021[5]. - The unaudited net profit for the same periods was HKD 6,807,000 and HKD 11,033,000, compared to HKD 362,000 and HKD 1,422,000 in 2021, indicating a significant growth in profitability[5]. - Basic earnings per share for the three months and six months were HKD 0.0143 and HKD 0.0232, compared to HKD 0.0012 and HKD 0.0047 in the previous year, reflecting a substantial increase[6]. - The company reported a total revenue of HKD 39,071,000 for the six months ended May 31, 2022, compared to HKD 16,125,000 for the same period in 2021, representing an increase of 142.5%[15]. - The company achieved a net profit of HKD 11,033,000 for the six months ended May 31, 2022, compared to a profit of HKD 1,422,000 in the same period of 2021, indicating a significant improvement[18]. - The operating profit for the six months ended May 31, 2022, was HKD 11,033,000, significantly higher than HKD 1,422,000 for the same period in 2021, representing an increase of approximately 676%[30]. Assets and Liabilities - The total assets as of May 31, 2022, were HKD 61,141,000, up from HKD 51,613,000 as of November 30, 2021, showing a growth of 18.5%[7]. - The total liabilities decreased slightly to HKD 38,261,000 from HKD 39,766,000, indicating a reduction of 3.8%[8]. - The total equity of the company as of May 31, 2022, was HKD 22,880,000, an increase from HKD (23,782,000) as of May 31, 2021[10]. - The total liabilities for the same period were HKD 38,261,000, a decrease from HKD 39,813,000 in 2021[20]. Revenue Sources - Revenue from software licensing and related services was HKD 29,642,000 for the six months ended May 31, 2022, up from HKD 9,681,000 in the previous year, marking a growth of 206.5%[15]. - The financial solutions segment generated revenue of HKD 35,674,000 for the six months ended May 31, 2022, compared to HKD 14,269,000 in 2021, reflecting an increase of 150.1%[18]. - Revenue from computer software licensing, leasing, and related services accounted for approximately HKD 15,548,000 or 77% of total revenue[43]. - Revenue from self-developed software sales accounted for approximately HKD 18,595,000, while financial technology resource services contributed about HKD 1,547,000[57]. Cash Flow and Expenses - The company reported a net cash outflow from operating activities of HKD 28,508,000 for the six months ended May 31, 2022, compared to a cash inflow of HKD 256,000 in the same period last year[9]. - Operating expenses for the three months ended May 31, 2022, were approximately HKD 7,404,000, an increase of 80% from HKD 4,102,000 in the same period last year[44]. - The company incurred financing costs of HKD 793,000 for the six months ended May 31, 2022, down from HKD 2,483,000 in the previous year, indicating a reduction of 68.1%[18]. - The company incurred a total finance cost of HKD 793,000 for the six months ended May 31, 2022, down from HKD 2,483,000 in 2021[25]. Customer and Market Insights - The company had two major customers contributing 10% or more to its revenue for the six months ended May 31, 2022, consistent with the previous year[23]. - FinReg sales have significantly increased, contributing positively to the group's performance and expanding the customer base with several new contracts from major brokerage firms[61]. - The fintech resource services division has seen significant growth due to the increasing demand for IT professionals in the financial sector[63]. Corporate Governance and Compliance - The audit committee held two meetings to review the company's reports and financial statements for the six months ending May 31, 2022[80]. - The company has adopted a code of conduct for directors' securities transactions, with no known violations reported[81]. - The group has not established an internal audit function since its listing in 2000, but believes its current organizational structure is sufficient for risk management and internal control[86]. - The internal control system is reviewed annually, covering all key controls including financial, operational, compliance, and risk management[86]. Future Outlook and Strategy - The company is optimistic about the prospects for regulatory technology and information technology-related services, aiming to enhance marketing activities for new products and innovative ideas[60]. - The group plans to focus more on R&D capabilities and enhance the quality of its sales and marketing teams to drive revenue growth in 2022[65]. - The group aims to provide customized regulatory technology solutions to help financial institutions mitigate risks and avoid compliance issues[62]. - The successful launch of FinReg and its surrounding product lines marks a significant milestone in the group's development, with increasing demand for regulatory technology solutions in the Hong Kong securities brokerage industry[64]. Shareholder Information - Maximizer International holds 71.35% of the company's issued share capital with 339,499,095 ordinary shares[74]. - DGM Trust Corporation, as trustee, holds 74.81% of the company's issued share capital[74]. - The company issued 123,529,400 convertible preferred shares to Maximizer International at an initial conversion price of HKD 0.17 per share[75]. - The company issued HKD 29,699,876.20 of zero-interest convertible bonds to Maximizer International, convertible into up to 174,705,154 ordinary shares at the same conversion price of HKD 0.17[76].

Financial Performance - The company reported revenue of HKD 18,920,000 for the three months ended February 28, 2022, representing a 169% increase from HKD 7,035,000 in the same period last year[6]. - Gross profit for the same period was HKD 12,701,000, up from HKD 5,530,000, resulting in a gross margin of approximately 67%[6]. - Operating profit increased to HKD 4,598,000, compared to HKD 2,151,000 in the previous year, reflecting a growth of 114%[6]. - The company achieved a profit before tax of HKD 4,226,000, significantly higher than HKD 924,000 in the prior year[6]. - Basic earnings per share rose to HKD 0.89, compared to HKD 0.35 in the same quarter last year, marking an increase of 154%[6]. - The unaudited net profit for the period was approximately HKD 4,226,000, compared to HKD 1,060,000 for the same period last year[22]. - Operating expenses for the period were approximately HKD 8,102,000, a 140% increase from HKD 3,372,000 in the previous year[23]. Revenue Sources - Revenue from software licensing and related services was HKD 14,094,000, a substantial increase from HKD 4,861,000 year-on-year[11]. - Approximately HKD 14,094,000 or 74% of total revenue came from software licensing, leasing, and related services[22]. - The company reported a significant rise in maintenance service revenue to HKD 2,956,000 from HKD 992,000, indicating a growth of 198%[11]. - The revenue from the fintech resource services segment reached approximately HKD 1,850,000 for the three months ending February 28, 2022, a 585% increase compared to HKD 270,000 in the same period last year[32]. Cost Management - Financing costs decreased to HKD 372,000 from HKD 1,227,000, showing a reduction of approximately 70%[13]. - The company continues to implement strict cost control measures despite the increase in operating expenses due to business growth[23]. - The total employee costs (excluding directors' remuneration) were approximately HKD 2,267,000, remaining stable compared to HKD 2,245,000 in the previous year[25]. Strategic Initiatives - The company expanded its fintech resources segment through the acquisition of a consulting firm, significantly increasing revenue from this segment compared to the previous year[22]. - The company has developed and launched a new solution called the "Customer Review System" as part of its FinReg product line[27]. - The FinReg and customer review system have significantly increased the number of new customers since their launch in 2021, contributing to revenue growth[28]. - The company plans to enhance its R&D capabilities and improve the quality of its sales and marketing teams to drive revenue growth in 2022[34]. - The company is optimistic about the prospects for regulatory technology and IT-related services, aiming to strengthen its strategic plans and explore new business opportunities[29]. - The introduction of advanced features in the FinReg platform, including an automated customer review system, aims to improve compliance and risk management for clients[31]. - The company is committed to diversifying its business to maintain market competitiveness and achieve sustainable growth[29]. - The company is focused on expanding its existing and potential customer base to drive revenue growth amid a challenging operating environment[33]. Shareholder Information - Maximizer International Limited holds 339,499,095 shares, representing 71.35% of the issued share capital[44]. - DGM Trust Corporation, as trustee, holds a total of 355,949,933 shares, accounting for 74.81% of the issued share capital[44]. - The company issued 123,529,400 convertible preferred shares at an initial conversion price of HKD 0.17 per share[48]. - The company issued convertible bonds with a principal amount of HKD 29,699,876.20, convertible into up to 174,705,154 shares at the same conversion price of HKD 0.17 per share[48]. - No records of short positions in shares or bonds by directors or senior management were found[41][42]. - The company has not disclosed any other interests or short positions by major shareholders as of February 28, 2022[46][47]. Compliance and Governance - The audit committee held one meeting to review the company's financial reports for the three months ending February 28, 2022[50]. - The company did not repurchase any listed securities during the three months ending February 28, 2022[52]. - There were no purchases or sales of the company's listed securities by the company or its subsidiaries during the reporting period[52]. - The board did not recommend the distribution of an interim dividend for the three months ended February 28, 2022[21]. - The company will continue to comply with GEM listing rules and provide further announcements as necessary[51].

Financial Performance - Revenue for the year ended November 30, 2021, was HKD 62,357,000, representing a 275% increase compared to HKD 16,626,000 in the previous year[14] - Profit before interest, tax, depreciation, and amortization (EBITDA) reached HKD 20,602,000, a significant increase of 975% from HKD 1,916,000 in the prior year[14] - The company reported a net profit of HKD 15,640,000, compared to a loss of HKD 2,987,000 in the previous year, marking a 624% improvement[14] - Total assets increased to HKD 51,613,000, a 325% rise from HKD 12,123,000 in the previous year[14] - Cash and cash equivalents surged to HKD 35,520,000, reflecting a 702% increase from HKD 4,429,000 in the prior year[14] - The gross profit margin improved to 60.3%, up from 55.2% in the previous year, indicating a 5.1% increase[14] - The current ratio improved to 1.59, a 53% increase from 1.04 in the previous year, indicating better liquidity[14] Revenue Sources - Revenue sources included approximately HKD 46,401,000 (74%) from software licensing and related services, HKD 4,581,000 (7%) from maintenance services, and HKD 5,582,000 (9%) from fintech resource services[20] Operating Expenses - Operating expenses for the year were approximately HKD 19,840,000, a 56% increase from HKD 12,720,000 in the previous year, primarily due to increased sales and marketing expenses[21] - Employee costs (excluding director remuneration) totaled approximately HKD 10,345,000, a 20% increase from HKD 8,611,000 in the previous year[22] Acquisitions and Investments - The company acquired Creative Management Consulting Limited, expanding its market coverage and enhancing its fintech service offerings[12] - The acquisition of a fintech resource company was completed for a total consideration of HKD 4,200,000, enhancing the company's service offerings[23] - The group completed the acquisition of all issued shares of a technology contractor for HKD 4,200,000, with HKD 2,600,000 paid in cash and the remaining HKD 1,600,000 contingent on future profitability[51] Client Base and Market Expansion - The company is focused on expanding its client base and exploring new business opportunities through strategic initiatives and the successful launch of FinReg[29] - The company has signed sales contracts with over 15 new clients for the implementation of FinReg, indicating strong market acceptance and growth potential[27] - The company has expanded its customer base beyond Hong Kong securities brokers and banks to include non-financial institutions, asset management companies, and insurance companies[62] Regulatory Technology Solutions - The company has established partnerships and conducted promotional events to enhance the sales of its FinReg and related products, including participation in the 2021 Hong Kong FinTech Week[28] - The sales of the regulatory technology solution FinReg have significantly increased, contributing positively to the company's performance, with contracts established with several large brokerage firms[62] - The company has invested resources to enhance FinReg, which automates risk management and compliance processes for clients, improving efficiency[63] Employee and Workforce Management - The company employed a total of 25 employees in Hong Kong as of November 30, 2021, an increase from 22 employees in 2020, with a gender distribution of 17 males and 8 females[162] - The employee turnover rate for the year was approximately 34%, with a notable 46% turnover rate for female employees, down from 83% in the previous year[165] - The company offers a minimum of 7 days of annual leave and additional leave types, with about 48% of employees having worked for the company for over 3 years[166] - The company has implemented comprehensive health and safety measures, including the provision of masks and hand sanitizers, and has maintained a record of no serious workplace injuries[168] Environmental, Social, and Governance (ESG) Initiatives - The company is committed to sustainable development and has implemented various measures to enhance energy efficiency and resource conservation[132] - The ESG governance framework includes a board and an ESG working group to oversee and manage ESG matters effectively[138] - The company aims to reduce its operational impact on the environment by setting specific ESG goals and indicators[139] - The total greenhouse gas emissions for the year 2021 were 43.31 tons of CO2 equivalent, an increase from 42.60 tons in 2020, representing a 1.67% increase[146] Corporate Governance - The board believes that corporate governance is a crucial element for the company's success and has implemented various measures to maintain high standards of governance[186] - The board consists of three executive directors and three independent non-executive directors, all of whom are considered independent according to GEM Listing Rules[191] - The management provides quarterly financial reports to the board, summarizing the company's performance, financial condition, and outlook[191] Future Outlook and Strategic Focus - The focus for 2022 includes accelerating the development of fintech solutions and implementing regulatory technology solutions for clients[11] - The company aims to continue exploring and evaluating other business opportunities to enhance long-term shareholder value[12] - The company plans to provide training on anti-corruption for directors and employees in the next fiscal year[188]

Financial Performance - For the three months ended August 31, 2021, the company reported revenue of HKD 17,092,000, a significant increase of 325.5% compared to HKD 4,021,000 for the same period in 2020[8] - The gross profit for the same quarter was HKD 9,721,000, representing a gross margin of 56.9%, compared to HKD 2,292,000 in the previous year[8] - Operating profit for the three months ended August 31, 2021, was HKD 6,242,000, compared to an operating loss of HKD 146,000 in the same quarter of 2020[8] - The company achieved a profit before tax of HKD 5,100,000, compared to a loss before tax of HKD 1,226,000 in the prior year[8] - For the nine months ended August 31, 2021, total revenue reached HKD 33,217,000, up 284.5% from HKD 8,664,000 in the same period of 2020[8] - The net profit attributable to owners for the nine months was HKD 7,716,000, compared to a loss of HKD 5,343,000 in the previous year[8] - Basic earnings per share for the three months ended August 31, 2021, was HKD 1.92, compared to a loss per share of HKD 0.37 in the same quarter of 2020[8] - Operating profit for the nine months ended August 31, 2021, was HKD 7,716,000, compared to a loss of HKD 5,343,000 for the same period in 2020, indicating a turnaround in profitability[20] - The company reported a basic earnings per share of approximately HKD 0.019 and HKD 0.023 for the three months and nine months ended August 31, 2021, respectively, compared to a loss per share in the previous year[20] - The company reported an unaudited net profit attributable to owners of approximately HKD 6,294,000 for the three months ended August 31, 2021, after deducting interest expenses[31] Revenue Sources - 78% of the total revenue, approximately HKD 13,269,000, came from software licensing, leasing, and related services[31] - The revenue from self-developed software sales was approximately HKD 14,200,000, while fintech resource services and overseas mortgage consulting services contributed about HKD 2,078,000[34] - The fintech resource services segment recorded revenue of approximately HKD 2,043,000 for the three months ended August 31, 2021, compared to approximately HKD 270,000 in the same period last year, achieving a three-digit percentage increase[38] - Revenue from computer hardware and related products was approximately HKD 814,000 for the three months ended August 31, 2021, an increase of about 25% from approximately HKD 649,000 in the same period last year[39] Operational Developments - The company continues to focus on software development and operational expenditures, which totaled HKD 1,127,000 for the quarter[8] - The company is engaged in the design and sale of computer software licenses and related services, indicating ongoing market expansion efforts[13] - The financial results reflect the successful implementation of new strategies and operational improvements, contributing to the overall positive performance[8] - The company has a total of at least 95 contracts related to software licensing, leasing, and maintenance services, with a total contract value of approximately HKD 72,000,000[14] - The company has signed sales contracts with over 10 new clients for the implementation of FinReg solutions, indicating strong market demand[35] - The company has expanded its product line with the successful launch of new solutions such as the FinReg client review system and FinReg Check in the second quarter of 2021[35] - The company is committed to enhancing marketing activities for new products and services, including hosting webinars and live events to engage with customers[36] Acquisitions and Investments - The company completed the acquisition of Chuangzhi Management Consulting Limited for a total consideration of HKD 4,200,000, with HKD 2,600,000 paid in cash and HKD 1,600,000 as contingent consideration[24] - The goodwill generated from the acquisition of Chuangzhi is approximately HKD 1,100,000, attributed to expected synergies and revenue growth in the fintech resource business[26] - The acquisition of Chuangzhi on March 31, 2021, is expected to enhance the company's operational scale and sustainability in the IT outsourcing industry, which is projected to continue expanding[56] Financial Position - The company’s total equity as of August 31, 2021, was HKD 2,831,000, reflecting a recovery from a total equity of HKD (27,560,000) as of August 31, 2020[22] - The net asset value improved significantly from a net debt of approximately HKD 25,204,000 as of November 30, 2020, to an unaudited net asset value of approximately HKD 2,831,000 as of August 31, 2021[33] - The estimated tax losses available for offset against future taxable profits amounted to approximately HKD 62,278,000 as of August 31, 2021, compared to HKD 75,594,000 as of August 31, 2020[18] Costs and Expenses - Financing costs for the nine months ended August 31, 2021, totaled HKD 3,625,000, an increase from HKD 3,020,000 in the same period of 2020[16] - The company incurred depreciation expenses of HKD 68,000 for property, plant, and equipment for the nine months ended August 31, 2021, down from HKD 140,000 in the same period of 2020[15] - Operating expenses for the three months ended August 31, 2021, were approximately HKD 3,487,000, an increase of 44% compared to HKD 2,427,000 in the same period last year[32] - Employee costs (excluding directors' remuneration) for the three months ended August 31, 2021, totaled approximately HKD 3,846,000, a 66% increase from HKD 2,313,000 in the same period last year[32] Corporate Governance - The audit committee held three meetings to review the company's reports and financial statements for the nine months ending August 31, 2021, providing advice and recommendations to the board[73] - The audit committee is responsible for ensuring proper arrangements for independent investigations into any potential misconduct related to financial reporting and internal controls[73] - The board of directors consists of six members, including three independent non-executive directors[76] Shareholder Information - Maximizer International holds a significant stake of 71.35% in the company, indicating strong ownership concentration[66] - The company issued 123,529,400 convertible preferred shares at an initial conversion price of HKD 0.17 per share, which could result in the issuance of up to 123,529,400 new ordinary shares upon full conversion[70] - The company issued convertible bonds with a principal amount of HKD 29,699,876.20, which are non-listed and have a five-year zero interest term, allowing for the issuance of up to 174,705,154 new ordinary shares at the same conversion price of HKD 0.17[70] - The company is fully owned by The City Place Trust, which holds a 71.35% stake through Maximizer International Limited[67] - The company has not recorded any short positions in its shares by other individuals or major shareholders[69] - The company has not disclosed any other interests that need to be recorded in the register according to the Securities and Futures Ordinance[71] - As of August 31, 2021, the company did not repurchase any of its listed securities and did not purchase or sell any of its listed securities during the period[75] - The company has not received any formal decision from the listing review committee as of the report date[74]

Financial Performance - The company reported unaudited revenue of HKD 9,090,000 for the three months and HKD 16,125,000 for the six months ended May 31, 2021, representing increases of 323% and 247% respectively compared to the same periods in 2020[7]. - The unaudited net profit for the three months and six months ended May 31, 2021, was HKD 362,000 and HKD 1,422,000, a significant turnaround from the net losses of HKD 2,627,000 and HKD 4,233,000 in the same periods of 2020[7]. - Basic earnings per share for the three months and six months ended May 31, 2021, were HKD 0.12 and HKD 0.47, compared to losses per share of HKD 0.87 and HKD 1.41 in the same periods of 2020[8]. - For the six months ended May 31, 2021, the total revenue was HKD 16,125,000, a significant increase from HKD 4,643,000 for the same period in 2020, representing a growth of 247%[18]. - The total comprehensive loss for the period was HKD 4,233,000, which is an improvement from a loss of HKD 4,233,000 in the previous period[12]. - The company reported a net profit of HKD 1,422,000 for the six months ended May 31, 2021, compared to a net loss of HKD 4,233,000 in the same period of 2020[20]. Assets and Liabilities - Total assets increased to HKD 16,031,000 as of May 31, 2021, up from HKD 12,123,000 as of November 30, 2020[9]. - The company’s total liabilities increased to HKD 39,813,000 as of May 31, 2021, from HKD 37,327,000 as of November 30, 2020[10]. - Trade and other receivables rose to HKD 9,098,000 as of May 31, 2021, compared to HKD 2,953,000 as of November 30, 2020[9]. - Trade receivables increased to HKD 7,074,000 as of May 31, 2021, from HKD 1,792,000 in 2020, marking a growth of 295%[33]. - The liability portion of convertible bonds increased from HKD 17,957,000 as of November 30, 2020, to HKD 19,613,000 as of May 31, 2021[42]. Cash Flow and Expenses - The company reported a net cash inflow from operating activities of HKD 256,000 for the six months ended May 31, 2021, compared to a cash outflow of HKD 2,590,000 in the same period of 2020[11]. - The company incurred central administrative costs of HKD (3,152,000) for the six months ended May 31, 2021, down from HKD (4,478,000) in the previous year[20]. - The company incurred approximately HKD 4,102,000 in operating expenses for the three months ended May 31, 2021, a 16% increase from HKD 3,532,000 in the same period last year, primarily due to increased sales and marketing expenses[52]. - Employee costs totaled approximately HKD 3,214,000, a 52% increase from HKD 2,111,000 in the previous year, mainly due to an increase in the number of employees in sales and marketing[54]. Investments and Acquisitions - The company completed the acquisition of Chuangzhi Management Consulting Limited for a total consideration of HKD 4,200,000, with HKD 2,600,000 paid in cash[47]. - The fair value of identifiable net assets acquired from Chuangzhi was HKD 1,558,000, resulting in goodwill of HKD 1,100,000[48]. - The acquisition of Chuangzhi resulted in goodwill of approximately HKD 1,100,000, attributed to expected synergies and future growth in the fintech sector[49]. - The acquisition of Chuangzhi is expected to expand the customer base and create synergies in revenue growth and operational efficiency[71]. Revenue Sources - Revenue from software licensing and related services for the six months ended May 31, 2021, was HKD 9,681,000, up from HKD 1,711,000 in 2020, reflecting a growth of 467%[18]. - The revenue from the Financial Solutions segment was HKD 14,269,000 for the six months ended May 31, 2021, compared to HKD 4,177,000 in 2020, marking an increase of 241%[20]. - Revenue sources included approximately HKD 4,820,000 (53%) from software licensing and related services, HKD 985,000 (11%) from maintenance services, HKD 1,703,000 (19%) from hardware sales, and HKD 1,541,000 (17%) from fintech services, with HKD 1,266,000 generated post-acquisition of Chuangzhi[51]. Corporate Governance - The company is committed to maintaining high standards of corporate governance, with no known deviations from the GEM Listing Rules[109]. - The management is required to provide monthly updates to the board regarding the company's performance and financial condition[111]. - The internal control system is reviewed annually, covering all key controls including financial, operational, and compliance risks[113]. - The company has adopted a code of conduct for securities trading by directors, with no reported violations[108]. Market Strategy and Outlook - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[7]. - The company is optimistic about the prospects of regulatory technology and information technology-related services as the Hong Kong economy is expected to gradually recover in 2021[67]. - The company aims to enhance operational efficiency and promote revenue growth as its primary task for 2021[74]. - The company is committed to diversifying its business and maintaining market competitiveness despite ongoing challenges in the operating environment[67].

Financial Performance - The company reported revenue of HKD 7,035,000 for the three months ended February 28, 2021, representing a 182% increase compared to HKD 2,499,000 for the same period in 2020[8]. - Gross profit for the same period was HKD 5,530,000, up from HKD 2,026,000, resulting in a gross margin increase from 81% to 78.6%[8]. - Operating profit for the first quarter was HKD 2,151,000, compared to an operating loss of HKD 761,000 in the previous year[8]. - The company achieved a profit before tax of HKD 924,000, a significant improvement from a loss of HKD 1,720,000 in the prior year[8]. - Net profit attributable to owners for the period was HKD 1,060,000, compared to a loss of HKD 1,606,000 in the same quarter of 2020[8]. - Basic and diluted earnings per share for the quarter were HKD 0.35, compared to a loss per share of HKD 0.53 in the previous year[8]. - The company reported an unaudited net profit of approximately HKD 1,060,000 for the three months ended February 28, 2021, compared to an unaudited net loss of approximately HKD 1,606,000 for the same period last year[21]. Revenue Breakdown - Revenue from software licensing and related services was HKD 4,861,000, a substantial increase from HKD 1,251,000 year-on-year[15]. - Revenue breakdown: approximately HKD 4,861,000 (69%) from software licensing and related services, HKD 992,000 (14%) from maintenance services, HKD 908,000 (13%) from hardware sales, and HKD 270,000 (4%) from fintech services[25]. - The company reported a significant increase in sales of computer hardware and related products, reaching HKD 908,000 compared to HKD 28,000 in the previous year[15]. Operating Expenses - Operating expenses for the three months ended February 28, 2021, were approximately HKD 3,372,000, an increase of 21% from HKD 2,790,000 in the same period last year[26]. - Employee costs (excluding directors' remuneration) totaled approximately HKD 2,256,000, a 20% increase from HKD 1,880,000 in the previous year, due to expansion of the sales and marketing team[27]. - The company implemented strict cost control measures, resulting in a 17% decrease in administrative expenses from HKD 2,088,000 to HKD 1,737,000[26]. Strategic Focus and Market Outlook - The company aims to diversify its business and maintain market competitiveness despite ongoing challenges in the operating environment due to the COVID-19 pandemic[28]. - The outlook for IT-related services is optimistic as the Hong Kong economy is expected to gradually recover with the rollout of vaccination programs[28]. - The company is focused on enhancing product functionality and expanding service offerings to maintain competitiveness and sustainability[40]. Product Development and Innovation - The group successfully launched the "FinReg Innovation Tool," which automates transaction monitoring and anti-money laundering compliance, leading to positive outcomes and customer satisfaction[30]. - The new expanded system for the C backend was launched in 2021, featuring advanced functions to assist clients in improving business performance[31]. - The flagship product OCTOSTP has been upgraded to a new C version, enhancing technical performance and stability, with plans to promote this upgraded system and attract new clients[42]. Client Acquisition and Marketing - The group has expanded its customer base for the FinReg tool, signing contracts with several new clients from local brokerage firms[30]. - The company has actively conducted four seminars since Q4 2019 to promote its new product "FinReg Innovation Tool," collaborating with three business partners to reach brokers and asset management firms[43]. - The company has revamped its media promotion platform, including a new website and a Facebook page, to provide better interfaces and competitive content for existing and potential clients[46]. Acquisitions and Partnerships - The group signed a conditional acquisition agreement to purchase 100% of the issued shares of Chuangzhi Management Consulting Limited for HKD 4,200,000, expected to enhance the financial technology resource service business[34]. - The company acquired 100% of the issued shares of a technology contractor for HKD 4,200,000 to enhance its IT resource services, expecting growth in this segment post-acquisition[53]. - The company has established partnerships with at least ten new business partners since 2019 to offer various innovative solutions, including cloud services and cybersecurity solutions[51]. Talent Acquisition and Staffing - The company is actively recruiting IT professionals and collaborating with recruitment agencies to meet the increasing demand for IT talent[55]. - The company is promoting its services through live broadcasts on social media and participating in job fairs to expand its talent pool[55]. - The company is focusing on providing flexible staffing arrangements and IT support services to help clients reduce operational burdens in an uncertain business environment[52]. Shareholder Information - Maximizer International Limited holds 177,793,941 shares, representing 59.05% of the issued share capital[63]. - DGM Trust Corporation, as trustee, holds 194,244,779 shares, accounting for 64.51% of the issued share capital[63]. - The company issued 123,529,400 convertible preferred shares at an initial conversion price of HKD 0.17 per share[64]. - The company issued convertible bonds with a principal amount of HKD 29,699,876.20, also convertible at HKD 0.17 per share[64].

Financial Performance - Revenue for the year ended November 30, 2020, was HKD 16,626,000, a decrease of 4.2% compared to HKD 17,361,000 in 2019[16]. - The company reported a loss of HKD 2,987,000 for the year, which is a 39.8% improvement from a loss of HKD 4,965,000 in the previous year[16]. - Gross profit margin increased to 55.2% from 53.8%, reflecting a 1.4% improvement year-over-year[16]. - Total assets rose by 56.4% to HKD 12,123,000 from HKD 7,753,000 in 2019[16]. - Net liabilities increased by 13.4% to HKD 25,204,000 from HKD 22,217,000[16]. - Cash and cash equivalents decreased by 5.5% to HKD 4,429,000 from HKD 4,685,000[16]. - Current ratio declined by 12.6% to 1.04 from 1.19, indicating a decrease in short-term financial health[16]. - The group recorded revenue of approximately HKD 16,626,000, a decrease of 4% compared to HKD 17,361,000 in the previous year[22]. - Gross profit for the year was approximately HKD 9,185,000, remaining stable compared to HKD 9,335,000 in the previous year[22]. - Operating expenses for the year were approximately HKD 12,720,000, a reduction of 6% from HKD 13,591,000 in the previous year due to cost-saving measures[23]. - Employee costs (excluding directors' remuneration) totaled approximately HKD 8,441,000, a slight decrease of 4% from HKD 8,820,000 in the previous year[24]. Business Strategy and Development - The company aims to enhance its competitive position by expanding its product base through innovative solutions like FinReg[12]. - The management anticipates that the digital transformation accelerated by the pandemic will continue to influence business operations[12]. - The company remains focused on cost control and prudent financial strategies to improve its financial condition[13]. - The company launched an upgraded C version of its core brokerage settlement system, OCTOSTP, for a well-known brokerage in Singapore[25]. - The company is developing a new expanded version of the C backend system, expected to launch in 2021 and 2022, to enhance operational functions for the brokerage industry[31]. - The company has successfully developed a new regulatory technology solution, "FinReg Innovation Tool," to assist clients with transaction monitoring and anti-money laundering compliance[32]. - The company plans to enhance the functionality of its flagship product, OCTOSTP, by upgrading the system and expanding its customer base, with a focus on providing advanced solutions for the securities departments of local and international banks[67]. - The company has been developing a new C version of the OCTOSTP system since 2018, which will replace the old Visual Basic version, offering improved technical performance and stability[68]. - The company aims to continue signing more sales contracts for the OCTOSTP system in the upcoming fiscal year[69]. - The company believes that the potential of the fintech resource service market is considerable and is prepared to leverage its expertise to capture future growth trends[63]. Acquisitions and Partnerships - The company signed a conditional acquisition agreement to purchase 100% of the issued shares of a technology consulting firm for HKD 4,200,000[30]. - The company announced a conditional acquisition agreement to purchase 100% of the issued shares of Chuangzhi Management Consulting Limited for a cash consideration of HKD 4,200,000, which is subject to adjustments[52][55]. - The company signed an acquisition agreement on January 4, 2021, to acquire 100% of the issued shares of a technology contractor for a cash consideration of HKD 4,200,000[85]. - The acquisition is expected to enhance the company's operational scale and sustainability in the IT outsourcing industry, which is anticipated to continue expanding[86]. - The company has partnered with at least ten new business partners since 2019 to launch various products and solutions, including cloud services and cybersecurity solutions[84]. Employee and Talent Management - The company relies heavily on its ability to attract and retain skilled personnel, which is critical for its growth and operational success[44]. - The company has begun participating in job fairs to connect with a large pool of job seekers, which is a cost-effective strategy[90]. - The company is utilizing various recruitment methods, including partnerships with recruitment agencies and advertising on job portals, to expand its talent pool[91]. - The group employed 22 staff in Hong Kong, a decrease from 24 staff in 2019[159]. - Approximately 50% of employees have been with the group for over 3 years, up from 42% in 2019, indicating strong employee loyalty[158]. - The employee composition is 95% full-time and 5% part-time, with a gender distribution of 77% male and 23% female[160]. - The group conducts annual performance evaluations to recognize employee contributions and promote from within before considering external hires[157]. - The group emphasizes competitive compensation and benefits to retain talent, including flexible leave arrangements and medical insurance[157]. Corporate Governance and Compliance - The company has maintained a high standard of corporate governance, complying with GEM listing rules and regularly reviewing its practices[172]. - The management provides quarterly updates to the board regarding the company's performance and financial status, ensuring transparency and informed decision-making[176]. - The company has not established an internal audit function since its listing in 2000, but believes its current organizational structure provides sufficient risk management and internal control[177]. - The internal control system is reviewed annually, focusing on the effectiveness of key controls, including financial, operational, and compliance controls[177]. - The board consists of two executive directors and three independent non-executive directors, all of whom are considered independent[179]. - The board held five meetings during the reporting year, with attendance rates of 100% for most directors[183]. - The company has implemented a board diversity policy, considering factors such as gender, age, and professional background in its director selection process[187]. - The nomination committee reviews the board's composition annually to ensure the effectiveness of the diversity policy[189]. - The company has established measurable goals for board diversity, focusing on various aspects including gender and professional experience[188]. - The board is collectively responsible for promoting the company's achievements and ensuring compliance with applicable laws and regulations[194]. Risk Management - The company faces potential risks from economic downturns in Hong Kong, which could adversely affect its business performance and client payment behaviors[48]. - The company has implemented a prudent treasury policy to ensure that its assets are not exposed to unnecessary risks, with no investments outside cash and short-term bank deposits[35]. - The company has established internal controls to protect source code and ensure data security, with regular updates and backups to safeguard client information[169]. Environmental and Social Responsibility - The environmental, social, and governance report covers the group's significant business activities in Hong Kong from December 1, 2019, to November 30, 2020[151]. - The group has implemented various health and safety measures, including providing masks and hand sanitizers to employees during the COVID-19 pandemic[160]. - The group has not recorded any fatalities or serious workplace injuries in recent years, reflecting a commitment to employee safety[160]. - The company has implemented measures to enhance energy efficiency, resulting in paper consumption of approximately 85,000 sheets and electricity usage of about 60,000 kWh, a reduction from the previous year's figures[168].