Wuxi Life International Holdings Group Limited 悟喜生活國際控股集團有限公司 ANNUAL REPORT 2024 年 報 Wuxi Life International Holdings Group Limited 悟 喜 生 活 國 際 控 股 集 團 有 限公司 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing ...

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佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Wuxi Life International Holdings Group Limited ⽝䏝㯹◉教㉥佟斄◖㗇攎 ⊶ （於開曼群島註冊成立之有限公司） （股份代號：8148） 截至二零二四年十二月三十一日止年度 之全年業績公佈 及 恢復買賣 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。 本公佈的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在 提供有關悟喜生活國際控股集團有限公司（「本公司」）的資料；本公司董事（「董 事」）願 ...

Corporate Communication - Wuxi Life International Holdings Group Limited has published its Interim Report 2024 on its website, available in both English and Chinese versions[1] - The company encourages shareholders to access the Current Corporate Communication via the website to ensure timely receipt of information[2] - Shareholders are responsible for providing a functional email address to receive electronic notifications regarding corporate communications[3] - The company offers printed copies of corporate communications upon request, with options for English, Chinese, or both languages[6] - The company aims to enhance its corporate communications by providing electronic options for shareholders[7] - Shareholders are encouraged to provide a functional email address to receive corporate communications electronically[7] - The company will retain personal data for necessary periods to fulfill processing purposes[7]

Financial Performance - The company reported revenue of HKD 36,749,000 for the six months ended June 30, 2024, representing a significant increase of 176.5% compared to HKD 13,331,000 for the same period in 2023[2]. - Gross profit for the same period was HKD 16,278,000, up 98.5% from HKD 8,218,000 year-on-year[2]. - Operating profit for the six months was HKD 3,154,000, a turnaround from an operating loss of HKD 1,653,000 in the previous year[2]. - The net profit attributable to the owners of the company was HKD 2,957,000, compared to a loss of HKD 2,441,000 in the same period last year[4]. - Adjusted EBITDA for the same period was HKD 5,691 thousand, compared to HKD 595 thousand in 2023, indicating a substantial improvement in operational profitability[16]. - The company recorded a total comprehensive loss of HKD 2,440,000 for the six months ended June 30, 2024, compared to a loss of HKD 2,451,000 in the same period last year[8]. Assets and Liabilities - The company’s total assets increased to HKD 37,393,000 as of June 30, 2024, compared to HKD 8,703,000 at the end of 2023[6]. - Current liabilities rose to HKD 38,450,000 from HKD 11,886,000 at the end of 2023, indicating increased operational activity[6]. - Total assets from continuing operations increased to HKD 37,669 thousand in 2024, up from HKD 12,104 thousand in 2023, reflecting a growth of 211%[16]. - Total liabilities from continuing operations rose to HKD 33,360 thousand in 2024, compared to HKD 7,892 thousand in 2023, marking an increase of 322%[16]. - As of June 30, 2024, the total assets of the group were approximately HKD 37,828,000, while total liabilities were approximately HKD 39,435,000, resulting in a debt ratio of approximately 104.2%[50]. Cash Flow and Liquidity - The company reported a net cash inflow from operating activities of HKD 6,791,000 for the six months ended June 30, 2024, compared to a net outflow of HKD 4,595,000 in the same period last year[9]. - Cash and cash equivalents increased to HKD 10,210,000 as of June 30, 2024, compared to HKD 1,369,000 at the end of the previous year, reflecting a significant improvement in liquidity[9]. - The group’s current liquidity ratio is approximately 0.97, an improvement from 0.73 as of December 31, 2023[50]. - The company has taken measures to improve its liquidity and debt situation, closely monitoring its financial status[52]. Revenue Sources - The software platform services generated revenue of HKD 17,925,000, up from HKD 13,331,000, indicating a growth of approximately 34%[11]. - The advertising e-commerce platform services contributed HKD 15,647,000 in revenue, which was not present in the previous year's results[11]. - The software platform business revenue increased by approximately HKD 4,594,000 to about HKD 17,925,000, while the new segments, advertising e-commerce platform and product sales, generated revenues of approximately HKD 15,647,000 and HKD 3,177,000 respectively[42]. Expenses - Research and development expenses were HKD 5,954,000, slightly higher than HKD 5,500,000 in the previous year, reflecting ongoing investment in innovation[2]. - Cost of sales increased by approximately HKD 15,358,000 or 300.4% to about HKD 20,471,000, primarily due to increased procurement[43]. - Administrative and other operating expenses rose by approximately HKD 3,218,000 or 32.5% to about HKD 13,125,000, driven by increased employee costs and administrative expenses for new business in China[45]. - Financing costs for the six months ended June 30, 2024, were HKD 119 thousand, a decrease from HKD 250 thousand in 2023, indicating improved cost management[18]. Shareholder Information - As of June 30, 2024, Mr. Liu Kuan-Chau holds 370,000,000 shares, representing approximately 29.07% of the company's total issued shares of 1,272,640,000[62]. - Major shareholder Ms. Zhang Jiahui, spouse of Mr. Liu, is also reported to hold 370,000,000 shares, equating to 29.07% ownership[63]. - The company has adopted a new share option scheme to incentivize employees, directors, and consultants, effective for ten years from May 8, 2013[65]. Strategic Focus and Future Plans - The company has indicated plans for market expansion and new product development, although specific details were not disclosed in the earnings report[2]. - The company is focusing on expanding its advertising e-commerce platform, which combines social media and sales channels to enhance brand development[12]. - The group plans to continue focusing on its two main businesses: software platform and mobile gaming applications, while diversifying revenue sources through the advertising e-commerce platform[57][58]. - The company plans to enhance its software platform and maintain long-term relationships with existing clients while strategically delaying the development of its mobile gaming business to allocate resources towards software platform expansion[61]. Corporate Governance - The audit committee consists of two independent non-executive directors, with Mr. Fu Enming as the chairman[71]. - The company has adopted a code of conduct for securities trading by directors, with no known violations during the reporting period[72]. - The company has maintained compliance with the corporate governance code, except for the separation of roles between the chairman and the CEO[68].

Financial Performance - For the year ended December 31, 2023, the Group recorded total revenue of approximately HK$24,493,000, representing an increase of approximately HK$3,057,000 or 14.3% compared to HK$21,436,000 in 2022[17]. - The increase in revenue was primarily attributed to the Software Platform Business, which generated segment revenue of approximately HK$24,493,000, an increase of approximately HK$3,057,000 from the previous year[18]. - The cost of sales for the Group amounted to approximately HK$8,851,000, reflecting an increase of approximately HK$115,000 or 1.3% from HK$8,736,000 in 2022[20]. - Gross profit for the year increased by approximately HK$2,942,000 or 23.2% to approximately HK$15,642,000, up from approximately HK$12,700,000 in 2022[21]. - The Group's financial performance reflects a positive trend in revenue growth and gross profit despite challenges in the Mobile Games and Applications segment[21]. - The overall financial results indicate a strengthening position for the Group in its core business areas[17]. - The Software Platform Business achieved a segment revenue increase of approximately 14.3% for the year, accounting for 100% of the Group's total revenue[38]. - The consolidated net loss attributable to owners of the Company from continuing operations was approximately HK$11,591,000, an improvement from approximately HK$21,945,000 in 2022[29]. - The discontinued Money Lending Business generated a profit of approximately HK$3,049,000 for the year, compared to a profit of approximately HK$76,000 in 2022, mainly due to the gain on disposal of subsidiaries[28]. Expenses and Costs - Administrative and other operating expenses increased by approximately HK$6,640,000 or 38.3% to approximately HK$23,998,000, primarily due to increased staff costs and professional fees[26]. - Finance costs rose to approximately HK$890,000 for the year, compared to approximately HK$274,000 in 2022, mainly due to increased interest on borrowing[27]. - Employee costs, including directors' remuneration, rose to approximately HK$18,074,000 in 2023 from approximately HK$17,438,000 in 2022, reflecting an increase in workforce and compensation[71]. Business Strategy - The Group's strategy includes a focus on developing and marketing patented server-based technology and providing communications software platform services[17]. - The Group's strategy focuses on expanding in high-growth sectors while maintaining presence in slower-growth areas in the post-pandemic landscape[46]. - The Group's strategy focuses on expanding high-growth areas while maintaining operations in slower growth sectors to adapt to post-pandemic challenges[49]. - The newly launched advertising e-commerce platform aims to enhance SMEs' advertising efficiency and reduce marketing costs through targeted advertising and analytics[51]. Assets and Liabilities - As of December 31, 2023, the Group's cash and cash equivalents were approximately HK$3,198,000, down from approximately HK$4,445,000 in 2022[52]. - The Group's total assets were approximately HK$8,703,000, a decrease from approximately HK$19,570,000 in 2022, while total liabilities were approximately HK$13,264,000, down from approximately HK$14,796,000[53]. - The gearing ratio increased to approximately 152.4% in 2023 from approximately 75.6% in 2022, indicating a significant rise in financial leverage[53]. - The current ratio decreased to approximately 0.73 in 2023 from approximately 0.86 in 2022, indicating a decline in short-term liquidity[53]. - The Group had no significant contingent liabilities as of December 31, 2023, indicating a stable risk profile[65]. Corporate Governance - The Company has adopted a Securities Dealing Code for Directors, ensuring compliance with GEM Listing Rules, with no incidents of non-compliance reported[77]. - The Board comprises seven Directors, including three executive Directors and three independent non-executive Directors, ensuring a balanced composition for effective independent judgment[94]. - The Company has complied with the Corporate Governance Code throughout the reporting period, except for provision A.2.1 regarding the separation of roles between the Chairman and CEO[79]. - The roles of Chairman and CEO are currently shared among executive Directors, with the Board believing this arrangement maintains a balance of power and allows for prompt decision-making[86]. - The Group is committed to improving operational efficiency and strengthening risk control measures, which are seen as core competitiveness and investment highlights[93]. - The Board regularly reviews the contributions of Directors to ensure they are fulfilling their responsibilities adequately[87]. - The Company emphasizes the importance of good corporate governance standards to safeguard shareholder interests and enhance corporate value[76]. - The Company currently does not have a CEO; the role is shared among executive directors who manage business operations collectively[102]. - The Company has mechanisms in place to ensure independent views are available to the Board, including access to external professional advice and full attendance of all INEDs at meetings[109]. - All INEDs have confirmed their independence annually, in compliance with GEM Listing Rules[108]. - The Board is responsible for overseeing the Company's operational and financial performance, ensuring sound internal control and risk management systems[119]. - Directors are required to disclose details of other offices held, ensuring transparency in governance[121]. - The Company has arranged insurance coverage for Directors and senior management against legal actions arising from corporate activities, which is reviewed annually[126]. - Each Director has entered into service agreements or appointment letters for a term of three years, subject to renewal[111]. - The Board reviews the effectiveness of its governance mechanisms annually[114]. - The Company ensures that all Directors are updated on regulatory developments and market changes to enhance their governance practices[129]. Committees and Meetings - The Audit Committee held four meetings during the Reporting Period, with full attendance from all three Independent Non-Executive Directors[140]. - The Audit Committee reviewed financial reporting matters including quarterly, interim, and annual results, ensuring compliance with accounting standards and GEM Listing Rules[143]. - The Remuneration Committee is responsible for recommending remuneration packages for Directors and senior management, considering market conditions and individual responsibilities[146]. - Directors' emoluments for the year ended December 31, 2023, are detailed in note 8 of the consolidated financial statements[147]. - The Company has implemented a corporate governance structure with three committees: Audit, Remuneration, and Nomination, to oversee various management functions[133]. - The Audit Committee is tasked with evaluating the effectiveness of internal control and risk management systems, ensuring the accuracy and fairness of financial statements[134]. - All Directors confirmed compliance with the continuous professional development code provision C.1.4 during the Reporting Period[131]. - The Audit Committee's terms of reference align with the CG Code and are available on the Company's and Stock Exchange's websites[145]. - The Remuneration Committee comprises three Independent Non-Executive Directors, chaired by Mr. Tai Chin Ho[148]. - The Company encourages all Directors to participate in relevant training courses at its expense to enhance their knowledge and skills[130]. - The Remuneration Committee held one meeting during the year ended December 31, 2023, with full attendance from all members[153]. - The Nomination Committee also conducted one meeting in the same period, with all members present[162]. - The Nomination Committee reviewed the structure, size, and composition of the Board, assessing the independence of Independent Non-Executive Directors (INEDs) and making recommendations for the re-election of retiring Directors[164]. - The Board Diversity Policy was adopted on September 1, 2013, focusing on diversity in gender, age, ethnicity, knowledge, and length of service[173]. - The Nomination Committee evaluates candidates based on character, integrity, qualifications, skills, knowledge, experience, independence, and diversity[166]. - The Company emphasizes meritocracy in Board appointments, ensuring that diversity benefits are considered[174]. - The Nomination Committee monitors the implementation of the Board Diversity Policy annually[176]. - The Remuneration Committee reviewed the remuneration policy and packages for all Directors during 2023[156]. - No material matters related to share schemes under Chapter 23 of the GEM Listing Rules were reviewed or approved by the Remuneration Committee during the reporting period[157]. - The Nomination Committee will regularly review the Nomination Policy or as necessary[168]. Dividend Policy - The Company has established a continuity-based dividend policy aimed at allowing shareholders to participate in profits while retaining adequate reserves for future growth[192]. - The Board will consider operating results, expected financial performance, retained earnings, and other factors when proposing dividends[193]. - The Group's debt to equity ratios and liquidity position are considered in the dividend decision-making process[193]. - The Board will review and update the Dividend Policy as deemed necessary[194]. Risk Management - The Board is responsible for evaluating and determining the nature and extent of risks in achieving strategic objectives, ensuring effective risk management and internal control systems[196]. - The Company aims to safeguard shareholder interests and Group assets through its risk management systems[200].

Financial Performance - The company's revenue for the year ended December 31, 2023, was HKD 24,493,000, an increase of 14.5% compared to HKD 21,436,000 in 2022[5] - Gross profit for the same period was HKD 15,642,000, representing a 23.0% increase from HKD 12,700,000 in the previous year[5] - Operating loss decreased to HKD 11,594,000 from HKD 21,878,000, showing an improvement of 47.0% year-over-year[5] - The net loss attributable to owners of the company from continuing operations was HKD 11,591,000, compared to HKD 21,945,000 in 2022, reflecting a 47.3% reduction[6] - The total comprehensive loss for the year was HKD 9,335,000, down from HKD 21,971,000 in the prior year, indicating a 57.5% improvement[8] - The company reported a total loss before tax from continuing operations of HKD 12,484,000 for the year ended December 31, 2023, compared to a loss of HKD 22,152,000 in 2022[39] - The basic loss per share for 2023 was HKD 8,542, an improvement from HKD 21,869 in 2022, indicating a reduction in overall losses[59] Cash Flow and Liquidity - Cash and cash equivalents decreased to HKD 3,198,000 from HKD 4,445,000, a decline of 28.1%[10] - The group recorded a net cash outflow from operating activities of HKD 4,898,000[74] - Cash and cash equivalents totaled HKD 3,198,000, against current liabilities of HKD 11,886,000, raising concerns about the company's ability to continue as a going concern[74] - The group recorded a net cash inflow from investing activities of HKD 5,700,000 in 2023, compared to no inflow in 2022, highlighting a positive cash flow from asset sales[58] Liabilities and Assets - The company's total liabilities exceeded total assets by HKD 4,561,000, compared to a net asset position of HKD 4,774,000 in 2022[11] - The total assets of the company decreased to HKD 8,703,000 as of December 31, 2023, from HKD 19,570,000 in 2022[41] - The total liabilities decreased to HKD 13,264,000 as of December 31, 2023, from HKD 14,796,000 in 2022, reflecting improved financial management[42] - As of December 31, 2023, the group's total assets were approximately HKD 8,703,000, with total liabilities of approximately HKD 13,264,000, resulting in a debt ratio of approximately 152.4%[91] Research and Development - Research and development expenses increased to HKD 11,396,000 from HKD 8,585,000, marking a 32.5% rise[5] - Research and development expenses for the year were HKD 11,396,000, up from HKD 8,585,000 in the previous year, indicating a focus on innovation[44] Business Strategy and Future Plans - The company plans to continue expanding its software platform services and mobile game development in the upcoming year[13] - The company plans to continue leveraging its technology and software services to expand its market presence and enhance customer contracts[35] - The newly launched advertising e-commerce platform aims to enhance advertising efficiency for SMEs, leveraging data-driven solutions and AI[89] Corporate Governance - The company has adopted a securities trading code that complies with GEM Listing Rules, ensuring no known violations by directors or employees[102] - The company has maintained high standards of corporate governance, adhering to the GEM Listing Rules, except for a specific provision regarding the separation of roles between the chairman and CEO[103] - The board consists of experienced members who ensure balanced power and authority, with plans to appoint a new CEO when deemed appropriate[103] Shareholder Actions - The board proposed a rights issue at a subscription price of HKD 0.12 per share, aiming to raise up to approximately HKD 30,543,000 before expenses by issuing a maximum of 254,528,000 rights shares[20] - The board proposed a capital reorganization involving a share consolidation where every 10 existing shares of HKD 0.04 each will be consolidated into 1 share of HKD 0.4[100] - Following the capital reduction, the par value of each consolidated share will be reduced from HKD 0.4 to HKD 0.01, and the excess will be used to offset accumulated losses[100] Employee Costs - Employee costs, including director remuneration, increased to HKD 18,074,000 in 2023 from HKD 17,438,000 in 2022, representing a rise of 3.7%[52] - Employee costs, including director remuneration, amounted to approximately HKD 18,074,000 for the year ended December 31, 2023, compared to HKD 17,438,000 in 2022, reflecting an increase of about 3.66%[98] Impairment and Adjustments - The company reported a significant impairment loss on goodwill of HKD 1,728,000, down from HKD 18,508,000 in the previous year[5] - The company recognized impairment losses on goodwill amounting to HKD 1,728,000 for the year ended December 31, 2023[44] - The application of revised Hong Kong Financial Reporting Standards resulted in an increase in cost of sales by HKD 10,000 and an increase in administrative expenses by HKD 15,000 for the year ended December 31, 2023[27] Market Performance - The Hong Kong IT market has shown continuous growth, with the real GDP of the information and communication sector increasing for 15 consecutive years, from approximately HKD 66.2 million in 2008 to about HKD 101.0 million in 2023[88]

Financial Performance - For the year ended December 31, 2023, the company's revenue increased to HKD 24,493,000 from HKD 21,436,000, representing a growth of approximately 9.5%[5] - The gross profit for the same period rose to HKD 15,642,000, compared to HKD 12,700,000, indicating a gross margin improvement[5] - Operating loss decreased to HKD 11,594,000 from HKD 21,878,000, reflecting a reduction of approximately 47%[5] - The net loss attributable to the owners of the company from continuing operations was HKD 11,591,000, down from HKD 21,945,000, a decrease of about 47%[6] - The total comprehensive loss for the year was HKD 9,335,000, compared to HKD 21,971,000 in the previous year, showing a significant improvement[8] - The company reported a total loss before tax from continuing operations of HKD 12,484,000 for the year ended December 31, 2023, compared to a loss of HKD 22,152,000 in 2022, indicating an improvement in financial performance[39] - The group reported a loss before tax from continuing operations of HKD 12,484,000 in 2023, an improvement from a loss of HKD 22,152,000 in 2022, reflecting a 43.9% reduction in losses[56] - The group incurred a net loss attributable to owners of HKD 8,542,000 in 2023, a decrease from a loss of HKD 21,869,000 in 2022, indicating improved financial performance[59] Cash Flow and Liquidity - The company's cash and cash equivalents decreased to HKD 3,198,000 from HKD 4,445,000, a decline of approximately 28%[10] - The group recorded a net cash outflow of HKD 4,898,000 during the year[18] - As of December 31, 2023, the group's current liabilities net amount was HKD 3,183,000, with total current liabilities at HKD 11,886,000, and total cash and cash equivalents amounting to HKD 3,198,000[18] - Other payables decreased to HKD 846,000 in 2023 from HKD 2,154,000 in 2022, indicating improved liquidity management[67] Expenses and Cost Management - Research and development expenses increased to HKD 11,396,000 from HKD 8,585,000, representing a rise of approximately 33%[5] - Administrative and other operating expenses increased by approximately HKD 6,640,000 or 38.3% to about HKD 23,998,000, primarily due to increased employee costs and professional fees[78] - Financing costs for the year were approximately HKD 890,000, up from HKD 274,000 in the previous year, mainly due to increased borrowing interest[80] - The total sales cost for the year was approximately HKD 8,851,000, an increase of about HKD 115,000 or 1.3% compared to HKD 8,736,000 in 2022[76] Assets and Liabilities - The total liabilities decreased from HKD 13,926,000 to HKD 11,886,000, a reduction of about 15%[10] - The total assets of the continuing operations reported as of December 31, 2023, were HKD 8,703,000, a significant decrease from HKD 19,570,000 in 2022[41] - The total liabilities for continuing operations as of December 31, 2023, were HKD 13,264,000, down from HKD 14,796,000 in 2022, indicating a reduction in financial obligations[42] Business Strategy and Future Plans - The company plans to continue expanding its software platform services and mobile game development in the upcoming year[13] - The company plans to focus on expanding high-growth areas while maintaining operations in slower growth sectors to adapt to post-pandemic challenges[88] - The newly launched advertising e-commerce platform aims to enhance advertising efficiency for SMEs, leveraging data-driven advertising solutions[89] Corporate Governance and Compliance - The company has adopted a securities trading code that complies with GEM Listing Rules, with no known violations reported[102] - The company has maintained high standards of corporate governance, adhering to the GEM Listing Rules, except for a specific provision regarding the separation of roles between the chairman and CEO[103] - The board consists of experienced members who ensure balanced power and authority within the company's operations[103] Shareholder Actions and Capital Management - The board proposed a rights issue at a subscription price of HKD 0.12 per share, aiming to raise up to approximately HKD 30,543,000 before expenses by issuing a maximum of 254,528,000 rights shares[20] - The board proposed a capital reorganization involving a share consolidation where every 10 existing shares of HKD 0.04 each will be consolidated into 1 share of HKD 0.4[100] - Following the capital reduction, the company plans to issue up to 254,528,000 rights shares at a subscription price of HKD 0.12 per share, potentially raising up to approximately HKD 30.54 million before expenses[100] Employee and Operational Metrics - Employee costs, including director remuneration, increased to HKD 18,074,000 in 2023 from HKD 17,438,000 in 2022, representing a rise of 3.7%[52] - As of December 31, 2023, the group employed 55 staff in Hong Kong and China, an increase from 52 staff in 2022[98] Impairment and Write-offs - The company reported a goodwill impairment loss of HKD 1,728,000, down from HKD 18,508,000, indicating a significant reduction in impairment[5] - The company recognized a write-off of HKD 1,969,000 for deposits related to mobile game development, which were deemed unrecoverable[61]

Financial Performance - For the three months ended September 30, 2023, the Group's revenue was HK$7,348,000, representing a 74.1% increase from HK$4,209,000 in the same period of 2022[10]. - The gross profit for the three months ended September 30, 2023, was HK$5,296,000, up 87.5% from HK$2,823,000 in the prior year[10]. - The loss from operations for the three months ended September 30, 2023, was HK$141,000, a significant improvement compared to a loss of HK$992,000 in the same period of 2022[10]. - The profit for the period from discontinued operations for the three months ended September 30, 2023, was HK$1,704,000, compared to HK$16,000 in the same period of 2022[10]. - The total loss before taxation for the nine months ended September 30, 2023, was HK$2,188,000, which is an increase from a loss of HK$879,000 in the same period of 2022[10]. - The Group's total revenue for the nine months ended September 30, 2023, was HK$20,679,000, a 25.5% increase from HK$16,493,000 in the same period of 2022[10]. - For the three months ended September 30, 2023, the profit for the period was HK$1,419,000, compared to a loss of HK$1,051,000 in the same period of 2022, representing a turnaround of approximately 234%[14]. - For the nine months ended September 30, 2023, the loss for the period was HK$1,032,000, compared to a loss of HK$820,000 in the same period of 2022, indicating an increase in loss of approximately 26%[14]. - The total profit/(loss) for the period attributable to owners of the Company for the three months ended September 30, 2023, was HK$1,420,000, compared to a loss of HK$1,046,000 in the same period of 2022[12]. - The total comprehensive income for the nine months ended September 30, 2023, was HK$1,031,000, compared to a total comprehensive expense of HK$819,000 in the same period of 2022[14]. Expenses and Costs - Research and development expenses for the nine months ended September 30, 2023, were HK$8,423,000, compared to HK$7,570,000 in the same period of 2022, reflecting a 11.3% increase[10]. - The administrative expenses for the nine months ended September 30, 2023, were HK$5,409,000, up from HK$4,039,000 in the same period of 2022, indicating a 33.9% increase[10]. - Total staff costs for the three months ended September 30, 2023, were HK$4,646,000, an increase of 10.7% compared to HK$4,200,000 in the same period of 2022[40]. - Cost of sales increased by approximately HK$2,238,000 or 45.4% to approximately HK$7,165,000, mainly due to increased purchases[68]. - Administrative and other operating expenses rose by approximately HK$2,052,000 or 15.4% to approximately HK$15,344,000, primarily due to increased staff costs and professional fees[70]. Discontinued Operations - The company reported a profit from discontinued operations of HK$1,704,000 for the three months ended September 30, 2023, compared to a profit of HK$16,000 in the same period of 2022[14]. - For the nine months ended September 30, 2023, the profit from discontinued operations was HK$1,156,000, up from HK$59,000 in the prior year, indicating a strong performance in this segment[53]. - The discontinued Money Lending Business generated a profit of approximately HK$1,156,000 for the Period, significantly up from approximately HK$59,000 in 2022, mainly due to the reversal of impairment loss on loan and interest receivables[79]. Shareholder Information - As of September 30, 2023, Mr. Liu Guanzhou holds 370,000,000 shares, representing approximately 29.07% of the company's total shares issued[104]. - The total number of shares issued as of September 30, 2023, is 1,272,640,000[104]. - Mr. Chiu Ngai Hung holds approximately 9.5% of the shares, totaling 120,865,955 shares[108]. - Ms. Zhang Jiahui, as the spouse of Mr. Liu Guanzhou, holds approximately 29.07% of the shares, totaling 370,000,000 shares[108]. Taxation and Compliance - The group did not make any provision for Hong Kong Profits Tax for both periods as there were no assessable profits[41]. - The Group's subsidiary in the PRC is subject to a 25% Enterprise Income Tax rate, but no provision has been made due to estimated tax losses[44]. - The Group's operations in the Cayman Islands and the British Virgin Islands are not subject to income tax, providing a tax-efficient structure[43]. - The company has adopted a code of conduct regarding securities transactions by Directors, with no known non-compliance during the period[116]. Strategic Focus and Market Trends - The group aims to continue expanding its software platform services and exploring new market opportunities[25]. - The company plans to focus on growth prospects in fast-growing segments while maintaining its position in slower-growing areas[99]. - The increasing adoption of Big Data solutions is a key trend driving growth in the Hong Kong IT market, with export-oriented enterprises optimizing their operations[96]. - Digital transformation has accelerated due to COVID-19, with businesses leveraging advanced technologies to adapt and seize new opportunities[98]. - Hong Kong SMEs are increasingly deploying ERP and CRM solutions to enhance customer retention and loyalty, contributing to market growth[94]. Corporate Governance - The Audit Committee comprises three independent non-executive Directors, responsible for reviewing financial reporting and internal controls[111]. - The company did not purchase, sell, or redeem any of its listed securities during the period[117]. - There were no reported interests from Directors in any competing businesses during the period[110]. Name Change - The company changed its English name from "Aurum Pacific (China) Group Limited" to "Wuxi Life International Holdings Group Limited" on July 4, 2023[109]. - The company’s stock short name changed to "WUXI LIFE" effective from August 4, 2023[109].

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佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Wuxi Life International Holdings Group Limited 悟喜生活國際控股集團有限公司 （前稱為奧栢中國集團有限公司） （於開曼群島註冊成立之有限公司） （股份代號：8148） 二零二三年第三季度業績公佈 悟喜生活國際控股集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣 佈本公司及其附屬公司截至二零二三年九月三十日止九個月之未經審核季度業績。 本公告列載本公司二零二三年第三季度報告全文，並符合香港聯合交易所有限公 司（「聯交所」）GEM的證券上市規則（「GEM上市規則」）中有關季度業績初步公 佈附載資料之要求。本公司之二零二三年第三季度報告將於二零二三年十一月十 日在聯交所網站www.hkexnews.hk及本公司網站www.wuxilife.com.hk可供閱覽。 承董事會命 悟喜生活國際控股集團有限公司 主席 劉冠州 ...

Revenue Performance - The Group's revenue for the three months ended June 30, 2023, was HK$4,054,000, a decrease of 33.8% compared to HK$6,121,000 for the same period in 2022[11]. - For the six months ended June 30, 2023, the Group's revenue increased to HK$13,331,000, up 8.5% from HK$12,284,000 in the previous year[11]. - Revenue from continuing operations for the three months ended June 30, 2023, was HK$4,054,000, a decrease of 33.8% compared to HK$6,121,000 in the same period of 2022[34]. - For the six months ended June 30, 2023, revenue from continuing operations increased to HK$13,331,000, up 8.5% from HK$12,284,000 in the same period of 2022[49]. - The increase in revenue was attributed to the Software Platform Business, which recorded a segment revenue of approximately HK$13,331,000 for the Period, up from HK$12,284,000 in 2022[116]. - The Mobile Games and Applications Business reported nil revenue for the Period, a decrease from HK$ nil in 2022, due to the obsolescence of current mobile games and a reassessment of the Group's strategy[117]. Profit and Loss - Gross profit for the three months ended June 30, 2023, was HK$2,096,000, down 49.2% from HK$4,122,000 in the same period of 2022[11]. - The Group reported a loss from operations of HK$2,810,000 for the three months ended June 30, 2023, compared to a profit of HK$47,000 in the same period last year[11]. - The loss for the period attributable to owners of the Company from continuing operations was HK$2,948,000 for the three months ended June 30, 2023, compared to a loss of HK$14,000 in the same period of 2022[13]. - The total loss for the period was HK$2,994,000 for the three months ended June 30, 2023, compared to a loss of HK$3,000 in the same period last year[13]. - For the six months ended June 30, 2023, the loss was HK$2,451,000, a significant decline from a profit of HK$231,000 in the same period of 2022[16]. - The total comprehensive income for the period was a loss of HK$2,440,000, reflecting a decrease from a total comprehensive income of HK$243,000 in the previous year[21]. - The consolidated net loss attributable to owners of the Company for the period was approximately HK$2,441,000, compared to a net profit of approximately HK$242,000 for the same period in 2022[125]. Expenses - Research and development expenses for the six months ended June 30, 2023, were HK$5,500,000, an increase of 9.7% from HK$5,014,000 in the previous year[11]. - The Group's administrative expenses for the six months ended June 30, 2023, were HK$3,385,000, an increase of 26.4% from HK$2,677,000 in the previous year[11]. - Administrative and other operating expenses rose by approximately HK$1,083,000 or 12.3% to approximately HK$9,907,000, compared to HK$8,824,000 in 2022[123]. - For the three months ended June 30, 2023, the company reported total staff costs of HK$4,405,000, an increase of 6.5% compared to HK$4,135,000 in the same period of 2022[62]. Assets and Liabilities - Current assets decreased slightly to HK$12,104,000 as of June 30, 2023, from HK$12,023,000 at the end of 2022[17]. - Non-current assets decreased to HK$7,011,000 as of June 30, 2023, down from HK$7,547,000 at the end of 2022[17]. - The company's net current liabilities increased to HK$3,836,000 as of June 30, 2023, compared to HK$1,903,000 at the end of 2022[17]. - Total equity attributable to owners decreased to HK$7,757,000 as of June 30, 2023, from HK$10,197,000 at the end of 2022[19]. - The company's cash and cash equivalents decreased to HK$1,369,000 as of June 30, 2023, from HK$4,445,000 at the end of 2022[17]. - Total liabilities increased to HK$15,940,000 in 2023 from HK$11,780,000 in 2022, marking a rise of 35.5%[49]. Financing and Cash Flow - The Group's finance costs increased to HK$142,000 for the three months ended June 30, 2023, compared to HK$66,000 in the same period of 2022[11]. - Net cash used in operating activities was HK$4,595,000, a decline from net cash generated of HK$663,000 in the same period last year[23]. - Cash and cash equivalents at the end of the period decreased to HK$1,369,000 from HK$5,335,000 at the end of June 2022, showing a significant reduction in liquidity[23]. - The company generated HK$1,610,000 from financing activities, an increase from HK$945,000 in the prior year, indicating improved financing efforts[23]. Corporate Governance and Shareholding - The company has complied with the Corporate Governance Code throughout the reporting period, except for provision A.2.1[195]. - The company emphasizes high standards of corporate governance and transparency to maximize returns to shareholders[194]. - The company has maintained high standards of corporate governance, focusing on shareholder integrity and accountability[199]. - As of June 30, 2023, the total number of shares issued by the company was 1,272,640,000[182]. - Mr. Liu Guanzhou holds 370,000,000 shares, representing approximately 29.07% of the total shareholding[180]. - The company has not granted any options under the Share Option Scheme during the reporting period, with a total of 127,264,000 options available for granting[187]. Business Strategy and Market Trends - The Group continues to focus on two main business segments: Software Platform Business and Mobile Games and Applications Business[156]. - The demand for IT solutions among Hong Kong SMEs is a key driver for market growth, with increased adoption of ERP and CRM solutions[162]. - Digital transformation has accelerated due to COVID-19, with businesses leveraging advanced technologies to improve operations[169]. - The Group aims to focus on growth prospects in fast-growing segments while maintaining its position in slower-growing areas[170]. - The Group's strategy reassessment led to the postponement of its previous mobile game development plan, but it remains committed to developing and publishing mobile games[160].