Financial Performance - For the three months ended June 30, 2023, the revenue was HK$22,886,000, a significant increase of 411% compared to HK$4,479,000 for the same period in 2022[6]. - The gross profit for the six months ended June 30, 2023, was HK$1,118,000, compared to HK$2,112,000 for the same period in 2022, indicating a decline of 47%[6]. - The loss before tax for the three months ended June 30, 2023, was HK$3,439,000, compared to a loss of HK$2,748,000 for the same period in 2022, representing an increase in loss of 25%[6]. - Total comprehensive loss for the period attributable to owners of the Company for the six months ended June 30, 2023, was HK$7,065,000, compared to HK$6,912,000 for the same period in 2022, reflecting an increase of 2%[6]. - The Company reported a loss per share of HK$3.33 for the three months ended June 30, 2023, compared to HK$2.40 for the same period in 2022, indicating a deterioration in performance[6]. - For the six months ended June 30, 2023, the Group reported a total comprehensive loss of HK$7,065,000, compared to a loss of HK$6,912,000 for the same period in 2022[10]. - For the three months ended June 30, 2023, the company reported a loss of HK$3,432,000, compared to a loss of HK$2,471,000 for the same period in 2022, representing an increase in loss of approximately 39%[49]. - For the six months ended June 30, 2023, the total loss was HK$6,955,000, compared to HK$6,137,000 in the same period of 2022, indicating an increase of about 13%[49]. Assets and Liabilities - As of June 30, 2023, the net liabilities/assets stood at HK$4,152,000, a decline from net assets of HK$1,079,000 as of December 31, 2022[7]. - Trade receivables increased to HK$36,722,000 as of June 30, 2023, compared to HK$21,841,000 as of December 31, 2022, marking a rise of 68%[7]. - The total assets less current liabilities decreased to HK$1,344,000 as of June 30, 2023, from HK$1,640,000 as of December 31, 2022, indicating a decline of 18%[7]. - As of June 30, 2023, the Group had net current liabilities of approximately HK$8,778,000 and net liabilities of HK$4,152,000[22]. - The Group's accumulated losses increased to HK$122,104,000 as of June 30, 2023, from HK$102,797,000 as of June 30, 2022[8]. - The total equity attributable to the owners of the Company decreased to HK$5,298,000 as of June 30, 2023, from HK$12,508,000 as of June 30, 2022[8]. - Trade payables as of June 30, 2023, totaled HK$9,297,000, compared to HK$551,000 as of December 31, 2022, indicating a substantial increase[59]. Cash Flow and Financing - The cash and cash equivalents at the end of the period were HK$1,244,000, a decrease from HK$4,641,000 at the end of June 2022[10]. - The Group's net cash used in operating activities for the six months ended June 30, 2023, was HK$6,194,000, compared to net cash generated of HK$3,562,000 in the same period of 2022[10]. - The Group issued convertible bonds amounting to HK$1,033,000 during the period[10]. - The gross proceeds from the issue of the 2023 Convertible Bonds were HK$6,500,000, with net proceeds of approximately HK$6.4 million intended for general working capital[120]. - Interest charged for the six months ended 30 June 2023 was HK$1,052,000, with an effective interest rate of 10.20% to 13.32% applied to the liability component[72]. - The total amount of convertible bonds was HK$27,096,000, consisting of HK$21,600,000 from 2022 and HK$5,496,000 from 2023[71]. - The outstanding principal amount of convertible bonds was HK$26,500,000, an increase from HK$20,000,000 as of December 31, 2022[131]. Operational Performance - Revenue from external customers for the six months ended June 30, 2023, was HK$23,059,000, a decrease of 64.0% compared to HK$63,952,000 for the same period in 2022[34]. - The Group's revenue from the sale of manufactured products was HK$0 for the six months ended June 30, 2023, compared to HK$17,907,000 in 2022[39]. - The Group's trading sales of electronic products, accessories, and raw materials amounted to HK$23,059,000 for the six months ended June 30, 2023, down from HK$46,045,000 in 2022[39]. - Major customer A contributed HK$16,936,000, representing over 10% of total revenue for the six months ended June 30, 2023[36]. - The Group's trading business in Hong Kong showed growth momentum in Q2 2023, contributing to a slowdown in revenue decline[87]. Corporate Governance - The company has complied with the applicable Code Provisions and mandatory disclosure requirements as set out in the Corporate Governance Code during the six months ended June 30, 2022[168]. - Following the appointment of Ms. Liang Zhijun on May 29, 2023, the company complied with the GEM Listing Rules regarding the composition of its board and committees[170]. - The roles of chairman and chief executive officer are separate, as required by the Corporate Governance Code, although the company did not have a chairman at the time of the report[169]. - The company is in the process of identifying suitable candidates to fill the board vacancy within three months from June 29, 2023, to ensure compliance with GEM Listing Rules[174]. - The audit committee currently comprises two independent non-executive Directors, resulting in non-compliance with GEM Listing Rules[193]. Share Options and Employee Compensation - The share option scheme adopted on June 20, 2014, is valid for a period of 10 years, with a remaining life until June 19, 2024[148]. - The total number of shares that may be issued upon exercise of all outstanding share options must not exceed 30% of the shares in issue at any time[149]. - On June 10, 2022, the company granted 103,072,000 share options with an exercise price of HK$0.032 per share, entitling grantees to subscribe for the same number of shares[159]. - The total number of share options that may be further granted under the scheme as of the date of the interim report is 189 shares, representing 0.0002% of the issued share capital of the company[161]. - The Group's staff costs for the six months ended June 30, 2023, amounted to approximately HK$2.7 million, slightly up from HK$2.6 million for the same period in 2022[146]. - Key management compensation decreased from HK$686,000 in the first half of 2022 to HK$356,000 in the same period of 2023[83]. Market and Economic Conditions - The US Federal Reserve raised interest rates by 100 basis points in the first half of 2023, following a 425 basis point increase in 2022, impacting the overall business environment[86]. - The Group's cautious stance aims to capture new opportunities and adjust priorities in the post-pandemic era[101].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就 因本公告全部或任何部分內容所產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 MILLENNIUM PACIFIC GROUP HOLDINGS LIMITED 匯 思 太 平 洋 集 團 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8147） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的 定 位，乃 為 中 小 型 公 司 提 供 一 個 上 市 的 市 場，此 等 公 司 相 比 起 其 他在聯交所上市的公司帶有較高投資風險。有意投資的人士應了解投資 於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯 交所主板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買 賣的證券會有高流通量的市場。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定提供有 關匯思太 ...

Financial Performance - For the three months ended March 31, 2023, the revenue was HK$173,000, a significant decrease of 99.7% compared to HK$59,473,000 in the same period of 2022[7]. - The gross profit for the same period was HK$7,000, down from HK$2,075,000, indicating a decline in profitability[7]. - The loss from operations increased to HK$1,789,000, compared to a loss of HK$455,000 in the prior year, reflecting a worsening operational performance[7]. - The total comprehensive loss for the period was HK$3,487,000, slightly improved from HK$3,625,000 in the previous year[7]. - Loss per share for the period was HK$0.34, consistent with the previous year's loss per share of HK$0.36[7]. - The Group's total revenue decreased significantly by HK$59.3 million from HK$59.5 million in Q1 2022 to HK$0.2 million in Q1 2023[37]. - Sales of manufactured products were HK$0 in Q1 2023, compared to HK$13.4 million in Q1 2022[24]. - Revenue from trading of electronic products, accessories, and raw materials was HK$173, down from HK$46.0 million in Q1 2022[24]. - The overall gross profit margin remained around 4%, consistent with 2022, but gross profit decreased by HK$2.1 million due to the drop in revenue[38]. - The basic loss per share for Q1 2023 was HK$3,523,000 compared to HK$3,666,000 in Q1 2022[31]. - Loss attributable to owners of the Company was HK$3.5 million in Q1 2023, a decrease of HK$0.2 million from HK$3.7 million in Q1 2022, driven by lower administrative expenses and reduced share of associate's loss[50]. Operational Highlights - Administrative expenses decreased to HK$1,798,000 from HK$2,531,000, showing a reduction in overhead costs[7]. - The share of results of associates improved to a loss of HK$1,242,000 from a loss of HK$2,818,000, indicating better performance from associated companies[7]. - The Group's operations were constrained by macro-environmental factors, including geopolitical tensions and labor shortages[35][41]. - The Group engaged in research and development, manufacturing, and sales of consumer electronic products, as well as online information and digital marketing services[34]. - The Group plans to maintain a cautious stance and make tactical adjustments to capture new opportunities while controlling operational costs[56]. - There are intentions to review the existing business portfolio and potentially dispose of parts of it or change asset allocation based on performance reviews[57]. - The Group may restructure existing debts and implement fundraising plans to improve financial position if suitable opportunities arise[58]. - Geopolitical conflicts and economic uncertainties are acknowledged as challenges, but the Group remains optimistic about business recovery in the post-pandemic era[56]. Taxation and Compliance - The company reported no income tax expense for the period, consistent with the previous year[7]. - No provision for Hong Kong Profits Tax or PRC Enterprise Income Tax was made as the Group's subsidiaries did not generate any assessable profit for the three months ended March 31, 2023[25][27]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended March 31, 2023, confirming compliance with applicable accounting standards and GEM Listing Rules[78]. - The company is in the process of identifying suitable candidates to fill a vacancy in the audit committee to ensure compliance with GEM Listing Rules[77]. - The company has established an audit committee in compliance with GEM Listing Rules, but currently has only two independent non-executive directors[77]. - No controlling shareholders or directors have interests in any competing business during the three months ended March 31, 2023[69]. Shareholding Information - As of March 31, 2023, Martford Limited holds 316,981,250 ordinary shares, representing 30.75% of the company's issued share capital[68]. - Wu Xiongbin owns 174,469,166 ordinary shares, accounting for 16.93% of the company's issued share capital[68]. - Pu Wei has a beneficial interest in 88,008,000 ordinary shares, which is 8.54% of the company's issued share capital[68]. - The company did not purchase, sell, or redeem any of its listed securities during the three months ended March 31, 2023[70]. - Mr. Wu Xiongbin subscribed convertible bonds amounting to HK$20 million, convertible into 166,666,666 shares at an initial conversion price of HK$0.12 per share[76].