Fundraising and Utilization - The total amount raised from the issuance of convertible bonds in 2023 is HKD 3,000,000, with a net amount of approximately HKD 3,000,000 after deducting related expenses and professional fees[3] - Approximately 91.0% of the net amount raised (around HKD 2,730,000) has been utilized for settling accounts payable[3] - Employee expenses accounted for approximately 7.8% of the net amount raised, totaling around HKD 235,100[3] - Administrative expenses represented about 1.2% of the net amount raised, amounting to approximately HKD 34,900[3] Disclosure Confirmation - The board confirms that the supplementary information does not affect other disclosures in the annual report[5]

Company Overview - Millennium Pacific Group Holdings Limited is positioned in the GEM market, which accommodates small and mid-sized companies with higher investment risks compared to those listed on the Main Board[4]. - The report confirms that the information provided is accurate and complete in all material respects, with no misleading or deceptive statements[11]. - The company acknowledges the potential for high market volatility in securities traded on GEM, which may affect liquidity[9]. - The report emphasizes the importance of careful consideration before investing in GEM-listed companies due to associated risks[5]. - The company takes full responsibility for the report's contents, ensuring compliance with GEM Listing Rules[4]. Governance and Management Changes - The board of directors has undergone changes, with several appointments and resignations in 2023, including the appointment of Mr. Chen Yiliang as an executive director[16]. - The audit committee is chaired by Mr. Man Wai Lun, with new members appointed in 2023 and 2024[17]. - The company has a compliance officer appointed in May 2023, ensuring adherence to regulations[18]. - The company secretary was appointed in December 2023, indicating ongoing governance updates[19]. - The Company has arranged appropriate insurance cover for its Directors against legal actions, which remains in force as of the report date[141]. - The company confirmed that there are no controlling shareholders or directors with interests in any competing businesses as of December 31, 2023[161]. - The Company resolved to grant 68,720,000 share options on June 4, 2019, and 103,072,000 share options on June 10, 2022[176]. Financial Performance - In 2023, the total revenue of the Group decreased by 6.4% from HK$65.7 million in 2022 to HK$61.5 million in 2023[33]. - Revenue from manufacturing of electronic products accounted for 87.5% of overall revenue in 2023, up from 27.3% in 2022[33]. - Overall gross profit margin slightly increased to approximately 6% compared to 5% in 2022, with gross profit rising by HK$0.5 million from HK$3.3 million in 2022 to HK$3.8 million in 2023[33]. - The Group recorded a loss attributable to owners of the Company of HK$17.3 million in 2023, a decrease of HK$1.1 million from HK$18.4 million in 2022[47]. - The associate, Celestial Rainbow Group, contributed a loss of HK$13.7 million in 2023, compared to HK$7.2 million in 2022, indicating increased operational challenges[42]. - Total operation-related expenses decreased by HK$9.4 million from HK$16.9 million in 2022 to HK$7.5 million in 2023, primarily due to reduced staff costs and no impairment losses on right-of-use assets[41]. - Staff costs decreased by HK$0.8 million from HK$5.8 million in 2022 to HK$5.0 million in 2023, attributed to tightened control and downsizing of operations[39]. Business Expansion and Strategy - The Group acquired 70% shares of Guoke Tewei (Beijing) Biotechnology Co., Ltd, expanding its business into specialized milk products and healthy food items[27]. - The Group expects to record revenue from the new business segment in 2024[34]. - The Group has made tactical adjustments to focus on the PRC healthy food consumer market, which is perceived as less vulnerable to current economic challenges[29]. - The Group continues to engage in research and development, manufacturing, and sales of consumer electronic products, providing one-stop services to customers[26]. - The Group is exploring various investment opportunities to enhance shareholder value amid challenging market conditions[27]. - The Group aims to explore the business of specialized milk products and healthy food items developed under self-owned brands following the acquisition of Guoke[91]. Financial Position and Ratios - The current ratio improved to 0.86 in 2023 from 0.67 in 2022, while the quick ratio also increased to 0.84 from 0.67[50]. - The gearing ratio significantly decreased to 1.10 in 2023 from 20.99 in 2022, reflecting a substantial reduction in total debt relative to equity[50]. - The Group had approximately HK$1.9 million in bank and cash balances as of 31 December 2023, compared to HK$1.7 million in the previous year[69]. Share Options and Convertible Bonds - The Company issued convertible bonds totaling HK$6,500,000 with a 4% annual interest rate, convertible into 203,125,000 shares at an initial conversion price of HK$0.032, representing an 18.5% premium over the closing price on 22 May 2023[60]. - The net proceeds from the issuance of the 2023 Convertible Bonds were approximately HK$6.4 million, intended for general working capital[61]. - Following a share consolidation on 30 June 2023, the conversion prices for the 2021 and 2023 Convertible Bonds were adjusted to HK$1.2 and HK$0.32 respectively[62]. - On 14 September 2023, the Company issued additional convertible bonds amounting to HK$3,000,000, convertible into 20,000,000 shares at a conversion price of HK$0.15, which is a 10.3% premium over the closing price on 30 August 2023[63]. - The net proceeds from the issuance of the 2023 Convertible Bonds II were approximately HK$3 million, also intended for general working capital[68]. - As of 31 December 2023, outstanding convertible bonds totaled HK$9.5 million, down from HK$20 million as of 31 December 2022[69]. Employee and Environmental Policies - The Group emphasizes the importance of employees as key assets and maintains strong relationships with customers and suppliers to provide quality products and services[112]. - The Group's environmental policies focus on reducing electricity consumption and promoting recycling to minimize environmental impact[113]. - The emolument policy for employees is based on merit and market statistics, with competitive compensation packages offered[136]. - The Group has developed rules and regulations regarding recruitment, promotion, and benefits, including share options[137]. Legal and Compliance Matters - The Group has recognized a provision for a legal claim amounting to approximately RMB0.63 million plus overdue interests[81]. - As of December 31, 2023, the Group had no other contingent liabilities disclosed in the report[82]. - There were no related party transactions that fell under the definition of "connected transaction" for the year ended December 31, 2023[198]. - No contracts concerning the management and administration of the business were entered into during the year[186]. Audit and Financial Statements - The consolidated financial statements for the year ended December 31, 2023, were audited by McMillian Woods (Hong Kong) CPA Limited[200]. - The Group's results for the year ended December 31, 2023, are detailed in the consolidated financial statements, with no dividends recommended for this period[118]. - The Company's distributable reserves as of December 31, 2023, were reported as nil[131].

Financial Performance - For the year ended December 31, 2023, the company's revenue was HKD 61,456,000, a decrease of 6.5% from HKD 65,654,000 in 2022[5] - The cost of sales for the same period was HKD 57,681,000, resulting in a gross profit of HKD 3,775,000, which is an increase of 15.9% compared to HKD 3,254,000 in 2022[5] - The operating loss for the year was HKD 1,861,000, a substantial improvement from the operating loss of HKD 12,241,000 in the previous year[5] - The company reported a loss before tax of HKD 17,527,000, which is a 18.5% improvement compared to a loss of HKD 21,515,000 in 2022[5] - Total comprehensive loss for the year was HKD 19,312,000, down from HKD 23,393,000 in the previous year, indicating a 17.8% reduction[6] - The company reported a basic and diluted loss per share of HKD 16.82, slightly improved from HKD 17.83 in the previous year[6] - The company reported a loss attributable to owners of approximately HKD 17,334,000 for the year ended December 31, 2023[14] - The total comprehensive loss for the year was HKD 17,321,000, with a significant portion attributed to accumulated losses of HKD 130,221,000[11] - The group reported a revenue of HKD 61,456,000 for the year 2023, a decrease of 6.5% compared to HKD 65,654,000 in 2022[31] - The group incurred a pre-tax loss of HKD 5,012,000 in 2023, compared to HKD 5,798,000 in 2022[35] - The group reported a loss before tax of HKD 17,527,000 for the year ended December 31, 2023, compared to a loss of HKD 21,515,000 in 2022[39] - The basic loss per share for 2023 was HKD 17,334,000, slightly improved from HKD 18,377,000 in 2022[42] - The group reported a loss attributable to owners of approximately HKD 17,334,000 for the year ended December 31, 2023[89] Cost Management - Administrative expenses significantly decreased to HKD 7,630,000 from HKD 14,698,000, reflecting a reduction of 48.2%[5] - The company has implemented effective cost control measures to improve operational profitability and cash flow[14] - Operating expenses decreased significantly from HKD 16.9 million in 2022 to HKD 7.5 million in 2023, primarily due to reduced employee costs and improved cost control[57] - Employee costs decreased from HKD 5.8 million in 2022 to HKD 5.0 million in 2023, a reduction of HKD 0.8 million[57] Assets and Liabilities - The company's total assets decreased to HKD 36,310,000 from HKD 24,759,000, while total liabilities increased to HKD 42,435,000 from HKD 37,081,000[8][9] - As of December 31, 2023, the company's current liabilities exceeded its current assets by HKD 6,125,000, and total liabilities exceeded total assets by HKD 13,901,000[14] - The net current liabilities improved to HKD 6,125,000 from HKD 12,322,000, showing a positive trend in liquidity[8] - Current liabilities exceeded current assets by HKD 6,125,000 as of December 31, 2023, indicating significant uncertainty regarding the group's ability to continue as a going concern[89] - Total liabilities exceeded total assets by HKD 13,901,000, raising concerns about the group's financial stability[89] Shareholder Support and Financing - The company has received a commitment from a shareholder to provide interest-free and unsecured financial support of HKD 12,000,000 over the next twelve months[14] - The company issued convertible bonds amounting to HKD 2,240,000 during the year[11] - As of December 31, 2023, the total unexercised convertible bonds amounted to HKD 9.5 million, down from HKD 20 million in 2022[66] - The company may restructure existing debt and implement debt or equity fundraising plans to meet financing needs and improve financial conditions[77] Business Development and Strategy - The company has not disclosed any new product developments or market expansion strategies in the current report[4] - The company is focused on business development and market expansion strategies to enhance future performance[14] - The company aims to expand into the specialty dairy and health food business through the acquisition of Guokete's majority stake[75] - The group acquired 70% of Guokete Micro (Beijing) Biotechnology Co., Ltd., expanding its business into the health food sector[52] - The group’s strategy includes exploring various investment opportunities to enhance shareholder value amid challenging geopolitical conditions[53] - The company plans to maintain a cautious approach amid global economic uncertainties and geopolitical concerns, adjusting priorities and resources as needed[75] Audit and Compliance - The independent auditor's report confirmed that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2023[88] - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements and provided recommendations[85] Other Financial Metrics - The company recognized share-based payment expenses of HKD 1,063,000 during the year[11] - The company’s total reserves decreased to HKD 3,373,000 as of December 31, 2023, from HKD 2,526,000 the previous year[11] - The company’s equity attributable to owners stood at HKD 1,649,000 as of December 31, 2023[11] - The effective tax rate for the group's Chinese subsidiaries remained at 25%, with no taxable profits reported for the year[38] - The group did not declare or pay any dividends during the year, consistent with the previous year[40] - The group maintained a strict control over overdue receivables, with no significant increase in credit risk for amounts overdue by more than 60 days[47] - The group did not apply any new accounting standards that became effective on January 1, 2023, and expects no significant impact from upcoming standards[24][26] - The group reported a net foreign exchange loss of HKD 1,000 in 2023, compared to HKD 38,000 in 2022[35] - The group recognized a depreciation expense of HKD 54,000 for owned assets in 2023, significantly lower than HKD 254,000 in 2022[35] - There are no significant capital commitments or expenditures reported for the years ending December 31, 2023, and December 31, 2022[68][69] - The company has not engaged in any asset pledges as of December 31, 2023, and December 31, 2022[69] - The company has not implemented any foreign currency hedging policies but will consider hedging significant foreign exchange risks as necessary[70] - The company has confirmed provisions for a claim of approximately RMB 0.63 million related to unpaid rent, with interest and other costs[72]

Financial Performance - For the year ended December 31, 2023, the total revenue was HKD 61,456,000, a decrease of 6.5% compared to HKD 65,654,000 in 2022[5] - The gross profit for the year was HKD 3,775,000, representing an increase of 15.9% from HKD 3,254,000 in the previous year[5] - Operating loss decreased significantly to HKD 1,861,000 from HKD 12,241,000 in 2022, indicating improved operational efficiency[5] - The net loss for the year was HKD 17,527,000, a reduction of 18.5% compared to HKD 21,515,000 in 2022[5] - The total comprehensive loss for the year was HKD 19,312,000, down from HKD 23,393,000 in the previous year[6] - The group reported a pre-tax loss of HKD 17,527,000 for the year ended December 31, 2023, compared to a loss of HKD 21,515,000 in 2022[39] - The company recorded a loss attributable to owners of HKD 17.3 million in 2023, a slight decrease from HKD 18.4 million in 2022, mainly due to reduced operating expenses[60] - The group incurred a pre-tax loss of HKD 5,012 thousand in 2023, a decrease from HKD 5,798 thousand in 2022, reflecting a reduction of 13.6%[35] Assets and Liabilities - Current assets increased to HKD 36,310,000 from HKD 24,759,000, reflecting a growth of 46.5%[8] - Current liabilities rose to HKD 42,435,000 from HKD 37,081,000, an increase of 14.3%[8] - As of December 31, 2023, the company's current liabilities exceeded its current assets by HKD 6,125,000, and total liabilities exceeded total assets by HKD 13,901,000[14] - The total equity showed a significant decline to HKD (13,901,000) from HKD 1,079,000 in 2022, indicating a capital deficit situation[9] - The company's accounts payable increased to HKD 15,630,000 in 2023 from HKD 551,000 in 2022, with significant amounts in USD and RMB[50] - The company’s total equity as of December 31, 2023, was HKD (13,901,000)[11] - Current liabilities exceeded current assets by HKD 6,125,000 as of December 31, 2023, indicating significant uncertainty regarding the group's ability to continue as a going concern[89] - Total liabilities exceeded total assets by HKD 13,901,000, raising concerns about the group's financial stability[89] Shareholder and Financing Activities - The company has received a commitment from a shareholder to provide interest-free and unsecured financial support of HKD 12,000,000 over the next twelve months[14] - The company issued convertible bonds amounting to HKD 2,240,000 during the year[11] - The share consolidation approved on June 28, 2023, adjusted the conversion prices of convertible bonds to HKD 1.2 and HKD 0.32, respectively[63] - As of December 31, 2023, the total unexercised principal amount of convertible bonds was HKD 9.5 million, down from HKD 20 million in 2022[66] - The company may consider restructuring existing debt and implementing fundraising plans to meet financing needs and improve financial conditions[77] Operational Efficiency and Cost Control - The company has implemented effective cost control measures to improve operational profitability and cash flow[14] - Operating expenses decreased significantly from HKD 16.9 million in 2022 to HKD 7.5 million in 2023, primarily due to reduced employee costs and the absence of impairment losses on right-of-use assets[57] - Employee costs fell to HKD 5.0 million in 2023 from HKD 5.8 million in 2022, reflecting improved cost control and a reduction in operational scale[57] - The group’s employee costs, including director remuneration, decreased to HKD 5,012 thousand in 2023 from HKD 5,798 thousand in 2022, a decline of 13.6%[35] Revenue Sources and Growth - Revenue from product sales in Hong Kong increased significantly to HKD 60,662 thousand in 2023, up from HKD 18,245 thousand in 2022, representing a growth of 233%[31] - The group’s customer contracts revenue from product sales was HKD 53,779 thousand in 2023, compared to HKD 17,907 thousand in 2022, marking an increase of 200%[33] - In 2023, revenue from electronic product manufacturing accounted for 87.5% of total revenue, up from 27.3% in 2022, despite overall revenue declining by 6.4% to HKD 61.5 million from HKD 65.7 million in 2022[55] - Gross profit increased slightly to HKD 3.8 million in 2023 from HKD 3.3 million in 2022, with a gross margin improvement from 5% to approximately 6%[55] Legal and Compliance Matters - The company has faced a legal judgment requiring it to repay approximately RMB 0.63 million in unpaid rent plus overdue interest and other costs[72] - The company has adopted and complied with the corporate governance code as per GEM listing rules, ensuring transparency and accountability[79] - The independent auditor's report confirmed that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2023[88] - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements and provided recommendations[85] Future Plans and Strategic Direction - The company plans to explore the development and manufacturing of its own brand of specialty dairy products and health foods, expecting to generate revenue in 2024[55] - The company is actively exploring investment opportunities to expand its consumer goods business amid challenging geopolitical conditions[53] - The company aims to expand into the specialty dairy and health food business through the acquisition of Guokete's majority stake[75] - The company plans to maintain a cautious approach amid global economic uncertainties and geopolitical concerns, adjusting priorities and resources as needed[75] - The company will continue to control operational costs and focus on suitable product portfolios and regions for resource allocation[77]

Financial Performance - For the three months ended September 30, 2023, the revenue was HK$23,863,000, a significant increase from HK$1,607,000 in the same period of 2022, representing a growth of approximately 1,384%[6] - The gross profit for the nine months ended September 30, 2023, was HK$1,834,000, down from HK$2,838,000 in 2022, indicating a decrease of about 35.4%[6] - The loss before tax for the three months ended September 30, 2023, was HK$904,000, compared to a loss of HK$5,122,000 in the same period of 2022, showing an improvement of approximately 82.4%[6] - The total comprehensive loss for the nine months ended September 30, 2023, was HK$7,987,000, down from HK$13,518,000 in 2022, reflecting a reduction of about 41.5%[6] - The loss per share for the nine months ended September 30, 2023, was HK$7.62, compared to HK$10.28 in the same period of 2022, indicating an improvement of approximately 26.1%[6] - The total comprehensive loss for the three months ended 30 September 2023 was HK$8,021,000, which included a loss of HK$168,000 from foreign currency translation[7] - The Group recorded a loss attributable to owners of the Company of HK$7.9 million in the first three quarters of 2023, a decrease of HK$2.7 million from HK$10.6 million in the same period of 2022[39] Expenses and Costs - Administrative expenses for the three months ended September 30, 2023, were HK$1,168,000, a decrease from HK$2,906,000 in the same period of 2022, representing a reduction of about 59.8%[6] - The finance costs for the nine months ended September 30, 2023, were HK$1,502,000, slightly down from HK$1,510,000 in 2022, showing a marginal decrease of about 0.5%[6] - Total administrative expenses decreased by HK$2.8 million from HK$7.7 million in the first three quarters of 2022 to HK$4.9 million in the same period of 2023[36] - Staff costs decreased by HK$0.7 million from HK$4.4 million in the first three quarters of 2022 to HK$3.7 million in the same period of 2023[29] Revenue Sources - Revenue from trading of electronic products, accessories, and raw materials for the nine months ended 30 September 2023 was HK$46,922,000, slightly down from HK$47,409,000 in the same period of 2022, a decrease of 1.0%[20] - The company reported no sales from manufactured products for the nine months ended 30 September 2023, while sales for the same period in 2022 were HK$17,907,000[20] - The company did not generate revenue from the provision of online information and digital marketing services for the nine months ended 30 September 2023, while it generated HK$243,000 in the same period of 2022[20] Losses and Accumulated Losses - The balance of accumulated losses as of 30 September 2023 was HK$120,574,000, an increase from HK$115,149,000 at the beginning of the year[7] - The associate, Celestial Rainbow Group, contributed a loss of HK$3.4 million in the first three quarters of 2023 compared to a loss of HK$5.3 million in the same period of 2022[38] - The share of losses from the associate Celestial Rainbow Group decreased to HK$3.4 million in the third quarter of 2023, compared to HK$5.3 million in the same period of 2022[45] Strategic Focus and Future Plans - The Company continues to focus on improving operational efficiency and reducing costs to enhance profitability in future periods[6] - The Group aims to optimize resources and broaden revenue sources through the recent disposal and acquisitions, maintaining an acceptable risk level[54] - The Group plans to control operational costs and select appropriate product mixes and regions for resource allocation, with potential restructuring of existing debts and fundraising plans[70] - The Company does not preclude the possibility of disposing of part or all of its existing business portfolio based on performance reviews[70] Shareholder Information - As of September 30, 2023, Martford Limited holds 31,698,125 ordinary shares, representing 30.75% of the company's issued share capital[78] - Viva Gain Investments Limited owns 20,312,500 ordinary shares, accounting for 19.71% of the company's issued share capital[78] - Wei Haiquan has a beneficial ownership of 20,123,200 ordinary shares, which is 19.52% of the company's issued share capital[78] - Pu Wei holds 8,800,800 ordinary shares, making up 8.54% of the company's issued share capital[78] Financial Instruments and Debt Management - The Company issued 2023 Convertible Bonds I with a principal amount of HK$6,500,000 at an interest rate of 4% per annum, convertible into 203,125,000 shares at a conversion price of HK$0.032, representing an 18.5% premium over the closing price on the subscription date[61] - The net proceeds from the issuance of the 2023 Convertible Bonds I were approximately HK$6.4 million, intended for general working capital[62] - The conversion price of the 2023 Convertible Bonds II is set at HK$0.15, which is a 10.3% premium over the closing price on the subscription date, with a total principal amount of HK$3,000,000[64] - The net proceeds from the issuance of the 2023 Convertible Bonds II were approximately HK$3 million, also intended for general working capital[69] - The Company has reached an agreement with the holder of the 2021 Convertible Bonds to defer repayment until September 30, 2024, with an interest rate of 4% per annum on the outstanding amount[63] Compliance and Governance - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ended September 30, 2023, confirming compliance with applicable accounting standards and GEM Listing Rules[83] - The company has established an audit committee comprising three independent non-executive directors[82] - The Company will publish announcements as necessary in accordance with applicable listing rules regarding any significant financial decisions or changes[70] - No controlling shareholders or directors have interests in any competing business during the nine months ended September 30, 2023[80]

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，並明確表示概不會 就因本公告全部或任何部分內容而產生或因依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 九 月 三 十 日 止 九 個 月 之 第 三 季 度 業 績 公 告 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 ...

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 ...

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，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 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） 有關截至二零二二年十二月三十一日止年度的年報的補充公告 茲提述匯思太平洋集團控股有限公司（「本公司」）截至二零二二年十二月三十一日 止年度的年報（「二零二二年年報」）。除另有界定者外，本公告所用詞彙與二零二 二年年報所界定者具有相同涵義。 有關於二零二二年年報內董事會報告「購股權計劃」一節的披露，本公司謹此補充 有關計劃的以下額外資料： 於截至二零二二年十二月三十一日止年度內，根據計劃授出的購股權而可予發行 的股份數目為103,072,000股（「二零二二年授出數目」），佔二零二二年六月十日及 二零二二年十二月三十一日已發行股份約10%。由於年內已發行股份數目並無變 動，二零二二年授出數目除以年內已發行股份的加權 ...

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].