香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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 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。 JIADING INTERNATIONAL GROUP HOLDINGS LIMITED 嘉 鼎 國 際 集 團 控 股 有 限 公 司 （於百慕達註冊成立之有限公司） 08153 （股份代號： ） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 之 全 年 業 績 公 告 嘉鼎國際集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公 司及其附屬公司於截至二零二三年三月三十一日止年度的經審核綜合業績。 本公告載有本公司二零二三年年報全文，符合香港聯合交易所有限公司GEM GEM 證券上市規則（「 上市規則」）有關年度業績初步公告所附資料的相關規定。 承董事會命 嘉鼎國際集團控股有限公司 主席 牟忠緯 香港，二零二三年六月三十日 於本公告日期，執行董事為牟忠緯先生、廖靜雯女士、李光營先生及蔡穎女士； 非執行董事為王棟梅女士及劉英女士；及獨立非執行董事為羅輯 ...

Financial Performance - The Group recorded a loss of approximately HK$17.6 million for the period, a significant increase of 482.6% compared to a gain of approximately HK$4.6 million for the same period ended 31 December 2021, primarily due to increased finance and administrative costs [7][18]. - Revenue from advertising services decreased to approximately HK$58.2 million, down about 4.4% from HK$60.9 million in the same period last year, with no revenue generated from the sale of new energy electric vehicles during the review period [8][22]. - The Group's advertising revenue was negatively impacted by conservative marketing approaches from advertisers due to the COVID-19 pandemic and economic conditions [33]. - For the nine months ended 31 December 2022, the Group recorded a revenue decrease to approximately HK$58.2 million, representing a decline of about 4.4% compared to HK$60.9 million for the same period last year, primarily due to the advertising services business [29]. - Gross profit for the nine months ended December 31, 2022, was HK$9,397,000, compared to HK$23,514,000 in the same period of 2021, indicating a significant decline [142]. - The loss before income tax for the nine months ended December 31, 2022, was HK$17,570,000, compared to a profit of HK$4,628,000 in the same period of 2021 [142]. - The total comprehensive expense attributable to owners of the Company for the nine months ended December 31, 2022, was HK$21,689,000, compared to a profit of HK$4,979,000 in the same period of 2021 [142]. Administrative and Finance Costs - Administrative expenses increased substantially by approximately 100.9% to approximately HK$24.5 million, attributed to higher staff costs and expenses related to the acquisitions of Beijing Creative and Weishi New Energy [23]. - The Group's finance costs rose by approximately 76.9% to approximately HK$2.5 million, driven by an increase in borrowings from approximately HK$13.0 million as of 31 March 2022 to approximately HK$23.3 million as of 31 December 2022 [25]. - The increase in staff salaries and emoluments was approximately 13.5%, rising to approximately HK$5.9 million compared to HK$5.2 million for the nine months ended 31 December 2021 [23]. - The administrative expenses for the nine months ended December 31, 2022, were HK$24,504,000, compared to HK$12,195,000 in the same period of 2021, reflecting an increase [142]. Strategic Acquisitions and Business Focus - The strategic acquisition of a 51% stake in Beijing Creative in March 2022 aims to expand the Group's advertising business platform in Hong Kong and China, although market conditions have been challenging [18]. - The Group successfully acquired Hainan Weishi New Energy Technology Company Limited, focusing on the development of super fast-charging batteries, which aligns with the Group's strategy to shift towards renewable energy technology [21]. - The Group's strategic focus has shifted towards renewable energy technology, particularly through the acquisition of Weishi New Energy, which specializes in super-fast charging batteries [36]. - The Group is critically reviewing its new energy electric vehicle business model and is exploring new opportunities for developing auxiliary products and related renewable energy batteries [22]. Fundraising and Financial Management - On 28 December 2022, the Company proposed a rights issue to raise gross proceeds of up to approximately HK$51 million by issuing 509,485,435 rights shares at a subscription price of HK$0.10 per share [45]. - The maximum net proceeds from the Rights Issue are estimated to be approximately HK$48.5 million, with an estimated net subscription price per Rights Share of approximately HK$0.095 [63]. - Approximately 47% (or approximately HK$23 million) of the net proceeds will be used for debt repayment, 41% (or approximately HK$20 million) for the expansion and R&D of new battery technology, and 12% (or approximately HK$5.5 million) for general working capital [63]. - The actual net proceeds raised from the placing of 169,828,478 shares on 21 October 2022 was approximately HK$26 million, with specific allocations for debt repayment and working capital [54]. - As of 31 December 2022, the Group utilized HK$5.8 million for debt repayment and HK$19.8 million for general working capital from the net proceeds raised [54]. Market Conditions and Future Outlook - Following the relaxation of COVID-19 restrictions, the business environment in both the PRC and Hong Kong is expected to improve significantly in the second half of 2023 [70]. - The Group plans to enhance its marketing and advertising solutions to retain clientele in the PRC and Hong Kong as the advertising markets improve [71]. - The Group will cautiously assess market conditions for its new energy vehicle business and review its overall strategy for future contributions [71]. Corporate Governance and Compliance - The Audit Committee reviewed the unaudited third quarterly results for the nine months ended December 31, 2022, and confirmed compliance with applicable accounting standards and GEM Listing Rules [109][112]. - The Company has complied with all code provisions of the Corporate Governance Code, except for the requirement of providing at least 14 days' notice for regular board meetings due to practical reasons [121]. - The Company continued to adopt a code of conduct regarding Directors' securities transactions, which complies with the standards set out in GEM Listing Rules [122][125]. - The Company has no insurance cover for legal actions against Directors, as the Board believes the risk of litigation is relatively low [107]. Share Capital and Equity - The Company issued 169,828,478 new shares at a price of HK$0.16 per share on October 21, 2022 [132]. - The share consolidation was approved, with every 10 shares consolidated into 1 share effective from October 5, 2022 [160]. - As of December 31, 2022, the Group had approximately 35 employees, primarily located in the PRC and Hong Kong [175]. - As at 31 December 2022, a maximum of 71,414,239 shares, representing approximately 7% of the existing issued shares, are available for issuance [177].

Financial Performance - The Group's revenue from advertising services decreased to approximately HK$58.2 million, down 4.4% from HK$60.9 million in the same period last year[10]. - The Group recorded a loss of approximately HK$17.6 million for the period, a significant increase of 482.6% compared to a gain of approximately HK$4.6 million for the same period ended 31 December 2021[17]. - The gross profit margin for advertising services dropped from approximately 38.6% to about 22.4% due to reduced marketing activities and rising production costs[20]. - The Group recorded a revenue decrease of approximately HK$58.2 million for the nine months ended 31 December 2022, representing a decline of approximately 4.4% compared to HK$60.9 million for the same period last year[42]. - The Group's gross profit margin for advertising services dropped to approximately 22.4%, down from approximately 38.6% during the corresponding period last year[44]. - The loss before income tax for the nine months ended 31 December 2022 was HK$17,570,000, compared to a profit of HK$4,628,000 in the same period of 2021[147]. - The total comprehensive expense attributable to owners of the company for the period was HK$10,206,000, a decrease from a comprehensive income of HK$3,318,000 in the previous year[147]. - The company reported a basic and diluted loss per share of HK$1.3 for the nine months ended 31 December 2022, compared to earnings of HK$0.4 in the same period of 2021[147]. - The Group reported a loss of HKD 17.57 million for the nine months ended December 31, 2022, with total comprehensive expenses for the period amounting to HKD 21.69 million[125]. Strategic Initiatives - The Group successfully acquired Hainan Weishi New Energy Technology Co., Ltd., which focuses on developing super-fast charging batteries, aligning with the Group's strategic shift towards renewable energy technology[24]. - The Group is consolidating its operations in the electric vehicle segment and exploring new business opportunities in renewable energy batteries[22]. - The board believes that the expansion and R&D of the new battery technology business will further increase the business scale and generate greater returns for shareholders[59][61]. - The company has successfully acquired Hainan Weishi New Energy Technology Co., Ltd. for HK$1.6 million, aiming to expand its renewable energy project portfolio[74]. - The Company terminated the acquisition agreement for a 12.005% equity interest in Guangxi Huaao Automobile Manufacturing Co. Ltd. on November 10, 2022, with a consideration of RMB100 million[77]. - The acquisition never materialized, and no payment was made by the Company under the agreement, which would have constituted a major transaction under GEM Listing Rules[78]. - The acquisition agreement for a 7.0% equity interest in Guangxi Huaao was terminated on August 31, 2022, due to unmet conditions[96]. Cost Management - Administrative and finance costs significantly increased during the period, contributing to the overall loss[17]. - Administrative expenses increased by approximately 100.9% to approximately HK$24.5 million, primarily due to increased staff costs and expenses related to acquisitions[50]. - Finance costs rose by approximately 76.9% to approximately HK$2.5 million, attributed to increased borrowings from approximately HK$13.0 million to approximately HK$23.3 million[52]. - The Group is closely monitoring market conditions and has implemented strategic plans to control operational costs while maintaining service quality[12]. - The company plans to continue developing cost-effective marketing solutions in the advertising business segment to retain clients in both the PRC and Hong Kong[68][69]. Fundraising Activities - The Group plans to raise gross proceeds of up to approximately HK$51 million through a rights issue, offering one rights share for every two existing shares at a subscription price of HK$0.10 per rights share[30]. - The maximum net proceeds from the Rights Issue are estimated to be approximately HK$48.5 million, with a net subscription price per Rights Share of approximately HK$0.095[32]. - Approximately 47% (or approximately HK$23 million) of the net proceeds will be used for debt repayment, 41% (or approximately HK$20 million) for the expansion and R&D of new battery technology, and 12% (or approximately HK$5.5 million) for general working capital[32]. - The rights issue received valid acceptances for 281,026,670 shares, representing approximately 55.16% of the total number of rights shares offered[60]. - The remaining unsubscribed Rights Shares represent approximately 44.84% of the total number of Rights Shares offered under the Rights Issue[36]. - The actual net proceeds raised from the placing of 169,828,478 shares on October 21, 2022, was approximately HK$26 million[91]. Market Outlook - The business environment is expected to improve in the second half of 2023 due to the easing of COVID-19 restrictions in China and Hong Kong[40]. - Following the relaxation of COVID-19 restrictions, the business outlook for the PRC and Hong Kong is expected to improve in the second half of 2023[93]. Corporate Governance - The Board confirmed compliance with all code provisions of the Corporate Governance Code, except for the requirement of providing 14 days' notice for regular board meetings[113]. - The Audit Committee reviewed the unaudited third quarterly results and confirmed compliance with applicable accounting standards and GEM Listing Rules[120]. - The Group's financial reporting system, risk management, and internal control systems were reviewed and found adequate by the Audit Committee[116]. - The audit committee consists of three independent non-executive directors, ensuring oversight and governance of financial reporting[142]. Employee Information - As of December 31, 2022, the Group had approximately 35 employees, with total staff costs amounting to approximately HK$3.2 million, down from HK$5.4 million for the nine months ended December 31, 2021[81]. - The Group's employee compensation policy is linked to individual performance and is regularly reviewed based on prevailing salary trends in the regions of operation[106]. - Employee benefit expenses for the three months ended December 31, 2022, were HK$1,693,000, down from HK$2,278,000 in the same period of 2021[163]. Taxation - The group has not provided for Hong Kong Profit Tax for the nine months ended December 31, 2022, as its subsidiaries incurred losses for taxation purposes[165]. - The company’s PRC subsidiaries incurred losses for taxation purposes, resulting in no provision for PRC Enterprise Income Tax for the nine months ended December 31, 2022[187]. - The company’s entities in Hong Kong are subject to a two-tiered profits tax rates regime, with the first HK$2 million taxed at 8.25%[186].

s F A R N O V A FARNOVA GROUP HOLDINGS LIMITED 法 諾 集 團 控 股 有 限 公 司 (incorporated in Bermuda with limited liability) ( 於 百慕達赴冊成立之有限公司 ) Stock Code 股份代號：8153 2022 INTERIM REPORT 中 期 報 告 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 pot ...

Financial Performance - For the three months ended June 30, 2022, the Group's revenue was approximately HK$19.4 million, a decrease of 9.6% compared to HK$17.7 million in the preceding period[10]. - The Group recorded a loss of approximately HK$3.7 million for the period, compared to a profit of approximately HK$0.2 million in the preceding period[11]. - Revenue for the three months ended June 30, 2022, was HK$19,376,000, representing an increase of 9.6% compared to HK$17,692,000 in the same period of 2021[74]. - The company reported a loss for the period of HK$3,665,000, compared to a profit of HK$242,000 in the previous year[74]. - Total comprehensive income for the period was a loss of HK$1,072,000, compared to a total comprehensive income of HK$242,000 in 2021[74]. - Basic and diluted loss per share attributable to owners of the Company was HK$0.0483, compared to HK$0.0033 in the same period of 2021[77]. - The Group's administrative expenses increased by approximately 41.1% to approximately HK$7.9 million, compared to approximately HK$5.6 million for the same period last year[27]. - Administrative expenses increased to HK$7,854,000 from HK$5,586,000 in the previous year, reflecting a rise of 40.7%[74]. - Finance costs decreased by approximately 20.0% to approximately HK$337,000, down from approximately HK$421,000 in the previous year[31]. - The total finance costs for the three months ended June 30, 2022, were HK$175,000, a decrease from HK$391,000 in the same period of 2021, representing a reduction of approximately 55.2%[98]. Advertising Services - The advertising services business generated revenue of approximately HK$19.4 million, an increase of approximately 9.6% from the preceding period, primarily due to the acquisition of 51% equity in Beijing Creative[12]. - Beijing Creative contributed approximately HK$1.4 million in revenue during the period and secured new marketing contracts that will enhance future revenue streams[19]. - The Group has successfully entered the advertising services market in the PRC following the acquisition of Beijing Creative in March 2022[39]. - The company reported advertising service income of HK$19,376,000 for the three months ended June 30, 2022, an increase of 9.6% compared to HK$17,692,000 for the same period in 2021[94]. New Energy Vehicles - The Group has signed agreements for the sale of over 5,000 units of new energy vehicles, although no delivery schedules were fixed during the period[21]. - The Group aims to expand its product line and market share in the new energy vehicle sector through collaborations and acquisitions[28]. - The new energy vehicle industry is expected to continue its positive growth trajectory, supported by national policies in the PRC[20]. - The Group successfully developed and released the second generation of Farnova Othello, an electric supercar, receiving positive feedback in both domestic and overseas markets[25]. - The Group anticipates a recovery in the new energy vehicle market and its advertising services segment as macroeconomic conditions improve[38]. - The Group entered into a strategic cooperation framework agreement with Yinchuan Hexin Technology Co., Ltd. to jointly invest resources in the development of new energy batteries[114]. Staffing and Expenses - Staff salaries and emoluments rose by approximately 47.1% to approximately HK$2.5 million, up from approximately HK$1.7 million in the previous year[27]. - As of June 30, 2022, the Group had about 55 employees, with total staff costs amounting to approximately HK$2.5 million[41]. - Employee benefit expenses, including directors' remuneration, amounted to HK$2,512,000 for the three months ended June 30, 2022, compared to HK$1,737,000 in 2021, reflecting an increase of 44.5%[99]. Corporate Governance - The company has complied with all corporate governance code provisions except for the requirement of 14 days' notice for board meetings, which was not always feasible[59]. - The Audit Committee reviewed the unaudited first quarterly report and confirmed compliance with applicable accounting standards and GEM Listing Rules[69]. - The financial statements were prepared on a historical cost basis, except for certain financial instruments measured at fair values[91]. - The financial statements for the three months ended June 30, 2022, were reviewed by the Audit Committee and approved for issue by the Board[88]. Shareholder Information - As of June 30, 2022, Mr. Guo Gelin holds 428,065,752 shares, representing approximately 3.72% of the company's total shares[48]. - Mr. Wang Hanjing holds 74,055,000 shares, which is about 0.87% of the total shares[48]. - The share option scheme allows for the issuance of 490,239,192 shares, but no options have been granted under this scheme as of the report date[54]. - The share option scheme was adopted on March 27, 2020, and will remain in force for 10 years[53]. - No substantial shareholders, other than directors, had interests or short positions in the shares that required disclosure as of June 30, 2022[52]. - The company has not granted any rights to acquire shares or debentures to directors or their family members during the reporting period[51]. - There were no competing interests reported among directors or management shareholders during the three months ended June 30, 2022[61]. Other Financial Information - The company incurred a current tax expense of HK$234,000 for the three months ended June 30, 2022, with no PRC Enterprise Income Tax provided for the same period[102]. - The company has not early adopted any new HKFRSs that have been issued but are not yet effective as of the reporting date[89]. - The unaudited condensed consolidated financial statements are presented in Hong Kong dollars (HK$) and rounded to the nearest thousands (HK$'000)[88]. - The company’s registered office is located in Bermuda, and its principal place of business is in Hong Kong[1]. - The Board does not recommend the payment of a dividend for the three months ended June 30, 2022, consistent with no dividend in 2021[110]. - On July 21, 2022, the company signed a loan agreement for RMB30,000,000 at a fixed interest rate of 6%, repayable within one year[114].

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。 FARNOVA GROUP HOLDINGS LIMITED 法諾集團控股有限公司 （於百慕達註冊成立之有限公司） （股份編號：8153） 截至二零二二年三月三十一日止年度之 未經審核年度業績公告 本公告乃由法諾集團控股有限公司（「本公司」）及其附屬公司（「本集團」）根據香港聯 合交易所有限公司GEM證券上市規則（「GEM上市規則」）第17.10條及香港法例第571章 證券及期貨條例第XIVA部項下之內幕消息條文（定義見上市規則）作出。本公司謹此 公佈截至二零二二年三月三十一日止年度之未經審核初步財務資料（「二零二二年未 經審核初步財務資料」）。由於本公告「刊發二零二二年未經審核年度業績」一段所述 原因，本集團截至二零二二年三月三十一日止年度的年度業績審核程序尚未完成。 本公告所載二零二二年未經審核初步財務資料已經審核委員會審閱批准。 – 1 – 未經審核綜合損益及其他全面收益表 截至二零二二年三月三十一日 ...

Revenue and Profitability - The Group's revenue for the nine months ended December 31, 2021, increased to approximately HK$60.9 million, representing a growth of approximately 62.4% compared to the same period last year, driven solely by its advertising services business[9]. - The gross profit margin for the advertising services improved to approximately 38.6%, up from approximately 24.7% during the corresponding period last year[12]. - Gross profit for the nine months ended December 31, 2021, was HK$23,514, compared to HK$9,251 in the same period of 2020, indicating a significant increase[101]. - The total comprehensive income for the period attributable to owners of the Company was HK$3,318 for the three months ended December 31, 2021, compared to HK$5,218 in the same period of 2020[103]. - The total comprehensive income for the period was HK$4,979,000, compared to HK$4,628,000 in the previous period, indicating an increase of approximately 7.6%[110]. Advertising Services - The Group improved its value-added services by offering annual advertising solutions across various media platforms, successfully retaining existing clients and expanding its client base[16]. - The Group expects to continue its successful strategies in providing advertising services in Hong Kong and the PRC[55]. - For the three months ended December 31, 2021, advertising service income was HK$21,300,000, a decrease from HK$26,412,000 in the same period of 2020, representing a decline of approximately 19.9%[123]. - For the nine months ended December 31, 2021, advertising service income totaled HK$60,900,000, an increase from HK$37,512,000 in the same period of 2020, representing a growth of approximately 62.2%[123]. New Energy Electric Vehicles - No revenue was recorded from the sales of new energy electric vehicles during the Period, as deliveries were not scheduled[21]. - The Group is focusing on developing its own production capacity for new energy electric vehicles to enhance revenue and profitability while reducing reliance on third-party manufacturers[21]. - The second generation of the Farnova Othello electric supercar has been developed, receiving favorable reviews in both the PRC and overseas markets[21]. - The Group is conducting due diligence for a potential acquisition of a majority interest in a renowned Italian automotive manufacturer specializing in new energy electric vehicles, which could enhance overseas market reach and technical capabilities[26]. - The Group aims to capitalize on emerging technologies in the new energy vehicle sector through strategic partnerships and investments in related fields[37]. Strategic Partnerships and Acquisitions - The Group entered into an agreement to acquire 51% of Beijing Creative Communication International Culture Media Co., Ltd., enhancing its client base in the PRC and diversifying its clientele[17]. - A strategic cooperation agreement was signed with the People's Government of Kundulun District to co-invest in the development of a new energy R&D facility and manufacturing plants for lightweight new energy vehicles[23]. - A memorandum of understanding was established with Guizhou Hankais Intelligent Technology Company for strategic cooperation on the procurement of modular autonomous chassis for self-driving electric vehicles[27]. - The Group acquired a 7.0% equity interest in Guangxi Huaao Automobile Manufacturing Co. Ltd., aiming to leverage its strengths in new energy commercial vehicle R&D and manufacturing[28]. - A cooperation framework agreement was signed with Corun Chs Technology Co., Ltd. to form a joint venture focused on R&D, design, and production of energy-saving and new energy vehicles[31]. Operational Efficiency and Team Expansion - The Group expanded its sales and marketing team, hiring additional employees with extensive experience in advertisement design and planning, contributing to the revenue growth[11]. - The Group's operating efficiency improved due to the establishment of an in-house production team, which helped manage and reduce production costs[15]. - The Group intends to further develop its in-house production team to streamline production and reduce costs[53]. - The Group plans to develop its own production facilities and cooperate with leading market players to streamline production and reduce reliance on third-party manufacturers for new energy electric vehicles[57]. - The Group appointed experienced professionals in the electric vehicle industry to enhance its capabilities, including Mr. Zhang Jian Hua as Technical Director and Mr. Chen Jianxiong as Production Director[32]. Financial Performance and Expenses - The Group's administrative expenses increased by approximately 75.9% to approximately HK$12.2 million due to hiring additional personnel for the expansion of its advertising and new energy electric vehicle business[40]. - Finance costs decreased by approximately 72.2% to approximately HK$1.4 million, primarily due to the reduction in interest on convertible bonds which were fully converted into shares[42]. - Employee benefit expenses for the three months ended December 31, 2021, amounted to HK$2,278,000, an increase of 68.3% from HK$1,353,000 in the same period of 2020[132]. - Administrative expenses for the nine months ended December 31, 2021, totaled HK$12,195, compared to HK$6,935 in the same period of 2020, reflecting an increase of 76.5%[101]. Corporate Governance and Compliance - The Board believes the Company has complied with all corporate governance code provisions, except for the notice period for board meetings[88]. - The Company has adopted a code of conduct regarding Director's securities transactions, which has been complied with by all Directors during the review period[89]. - The Group's financial reporting system, risk management, and internal control system are under the oversight of the Audit Committee[93]. - The unaudited financial statements have been reviewed by the company's audit committee, ensuring oversight and accuracy in reporting[120]. Market Outlook - By 2025, it is expected that 20% of all vehicles sold in China will be new energy electric vehicles, increasing to 40% by 2030, indicating a growing market demand[54]. - The Group intends to enhance its research and development capabilities to capitalize on emerging technologies applicable to new energy electric vehicles[59]. - The Group will focus on localized marketing and advertising solutions to adapt to changing market sentiments post-COVID-19[47].

Revenue and Profitability - The Group's revenue increased to approximately HK$39.6 million, representing an increase of approximately 256.8% compared to the corresponding period last year, driven solely by its advertising services business[9]. - For the six months ended September 30, 2021, total segment revenue was HK$39,600,000, a significant increase from HK$11,100,000 for the same period in 2020, representing a growth of 256%[154]. - The gross profit for the same period was HK$14,994,000, compared to HK$1,335,000 in the prior year, indicating a substantial increase in profitability[103]. - The profit for the period from continuing operations was HK$1,566,000, a recovery from a loss of HK$3,933,000 in the corresponding period of 2020[104]. - The total comprehensive income for the period attributable to owners of the Company was HK$1,661,000, compared to a loss of HK$7,903,000 in the same period last year[104]. - The Group's earnings per share from continuing operations was HK$0.02, compared to a loss per share of HK$0.08 in the previous year[103]. Financial Position - As of September 30, 2021, the total current assets amounted to HK$141,917,000, a significant increase from HK$78,735,000 as of March 31, 2021, representing an increase of 80.0%[107]. - The net current assets decreased to HK$31,032,000 as of September 30, 2021, down from HK$43,385,000 as of March 31, 2021, indicating a decline of 28.5%[109]. - Total equity as of September 30, 2021, was HK$38,226,000, an increase from HK$36,565,000 as of March 31, 2021, reflecting a growth of 4.5%[109]. - The total liabilities as of September 30, 2021, were HK$115,645,000, with corporate and other unallocated liabilities at HK$23,902,000[158]. - The Group's outstanding borrowings as of September 30, 2021 were approximately HK$14.7 million, a decrease of approximately HK$6.8 million from approximately HK$21.5 million as of March 31, 2021[35]. Cash Flow - For the six months ended 30 September 2021, net cash used in operating activities was HK$22,015,000, compared to HK$1,250,000 in the same period of 2020, indicating a significant increase in cash outflow[122]. - The net decrease in cash and cash equivalents for the period was HK$17,990,000, compared to an increase of HK$184,000 in the same period of 2020[122]. - Cash and cash equivalents decreased to HK$7,490,000 as of September 30, 2021, compared to HK$25,183,000 as of March 31, 2021, a decline of 70.3%[107]. - Cash generated from financing activities amounted to HK$5,520,000, up from HK$1,434,000 in the previous year[122]. Operational Developments - The Group is developing its own production capacity to enhance revenue and profitability in the new energy vehicle segment while reducing reliance on third-party manufacturers[19]. - The second generation of the Farnova Othello electric supercar has been developed and received favorable reviews in both the PRC and overseas markets[19]. - A strategic cooperation agreement was signed with the People's Government of Kundulun District to co-invest in the development of a new energy research and manufacturing facility[20]. - The Group is focusing on strategic cooperation for the procurement of modular autonomous chassis for self-driving electric vehicles with Guizhou Hankais Intelligent Technology Company[24]. - The Group aims to enhance its competitiveness by investing in research and development, engineering, design, and marketing of new energy electric vehicles[29]. Employee and Administrative Costs - As of September 30, 2021, the total staff costs amounted to approximately HK$3.2 million, an increase from approximately HK$2.7 million for the same period in 2020[55][57]. - The loss before income tax from continuing operations for the six months ended September 30, 2021, was impacted by employee benefit expenses totaling HK$3,158,000, up from HK$2,685,000 in 2020[178]. - The administrative expenses for the six months ended September 30, 2021, were HK$7,957,000, an increase from HK$4,655,000 in the same period of 2020[103]. Corporate Governance and Compliance - The Company has complied with all code provisions of the Corporate Governance Code for the six months ended September 30, 2021, except for not providing 14 days' notice for all board meetings[87]. - The interim financial statements have been prepared in accordance with Hong Kong Accounting Standard 34, ensuring compliance with applicable disclosure requirements[126]. - The Audit Committee is responsible for reviewing the Group's annual and half-year reports, as well as overseeing the financial reporting system and risk management[93]. Market Outlook - By 2025, it is anticipated that 20% of all vehicles sold in the PRC will be new energy electric vehicles, increasing to 40% by 2030, indicating a growing demand for such vehicles[47][48]. - Significant efforts will be devoted to the production and promotion of new energy electric vehicles to capitalize on expected demand[48][51]. - The Group plans to continue focusing on market expansion and new product development to drive future growth[110].

Financial Performance - The Group's revenue for the Period amounted to approximately HK$17.7 million, a significant increase from approximately HK$5.1 million for the Preceding Period, representing a growth of approximately 247%[9] - The Group recorded a profit for the Period of approximately HK$0.2 million, compared to a loss of approximately HK$4.0 million for the Preceding Period, marking a turnaround in financial performance[13] - Gross profit increased to approximately HK$6.2 million for the Period from approximately HK$0.5 million for the Preceding Period, representing an increase of approximately 1,263%[11] - The cost of sales and services increased to approximately HK$11.5 million for the Period from approximately HK$4.7 million for the Preceding Period[11] - Administrative expenses for the Period increased to approximately HK$5.6 million from approximately HK$2.0 million for the Preceding Period, indicating a focus on operational growth[11] - The basic and diluted profit per share for the Period were HK cents 0.0033, compared to basic and diluted loss per share of HK cents 0.08 for the Preceding Period[13] - Revenue for the three months ended June 30, 2021, was HK$17,692,000, a significant increase of 244% compared to HK$5,137,000 in the same period of 2020[63] - Gross profit for the same period was HK$6,232,000, compared to HK$457,000 in 2020, reflecting a substantial increase[63] - The company reported a profit before income tax of HK$242,000, a turnaround from a loss of HK$3,970,000 in the previous year[63] - Profit per share attributable to owners of the company was HK$0.0033, compared to a loss per share of HK$0.08 in the same period last year[63] - The total comprehensive income for the period was HK$242,000, compared to a total comprehensive loss of HK$3,970,000 in 2020[63] Business Strategy and Development - The Group plans to enhance its advertising business by providing one-stop advertising packages to retain existing clients and attract new ones[16] - The establishment of an in-house production team has significantly reduced production costs, improving the gross profit margin of the advertising business[16] - The Group expects the economy to gradually recover due to the implementation of COVID-19 vaccination programs, which may positively impact its business operations[16] - The Group anticipates a gradual economic recovery due to the implementation of COVID-19 vaccination plans, aiming to enhance competitiveness in the advertising business through a one-stop advertising package[18] - The Group plans to focus on the sales of new energy electric vehicles as a key strategic development direction, addressing urban air pollution and traffic congestion issues[24] - The Group aims to enhance production capacity by establishing manufacturing bases and considering acquisitions or collaborations with established manufacturers to meet the growing demand for electric vehicles[26] - The Group intends to strengthen its design and engineering teams by hiring experienced talents and collaborating with reputable international automotive brands to increase vehicle competitiveness[26] - Following the successful launch of its flagship "new energy electric vehicle" model in September 2020, the Group plans to expand its sales network and brand awareness through overseas expansion and market campaigns[26] - The Group has expressed interest in investing in a prestigious Italian automobile manufacturer to leverage technology and expertise in developing electric vehicles[26] - The consumption market for new energy vehicles in China is expected to maintain steady growth, with an increasing market share for new energy vehicles[22] - The Group aims to build a strong local reputation by providing quality services to meet the needs of potential clients across various industries[18] - The management will continue to explore solid operating strategies and other business opportunities to enhance returns to stakeholders amid the challenges posed by the COVID-19 pandemic[20] Corporate Governance and Compliance - The Audit Committee reviewed the unaudited first quarterly report and confirmed compliance with applicable accounting standards and GEM Listing Rules[60] - The Company has complied with all code provisions of the Corporate Governance Code for the three months ended June 30, 2021, except for the notice period for board meetings[50] - No interests in competing businesses were reported by Directors or management shareholders during the three months ended June 30, 2021[56] - The share option scheme was adopted on March 27, 2020, and will remain in force for 10 years[48] - The share option scheme mandate limit was refreshed to 10% of the issued shares at the date of the special general meeting held on March 27, 2020[48] - The Company has no arrangements for Directors to acquire rights in any other corporate entities[39] - No other persons had interests or short positions in the Shares or underlying Shares of the Company as recorded in the register[45] Share Capital and Options - As of 30 June 2021, the number of issued ordinary shares of the Company was 7,141,423,920 shares, unchanged from 31 March 2021[15] - As of June 30, 2021, the number of shares available for issue under the share option scheme was 490,239,192 shares[49] - No share options have been granted under the share option scheme as of the date of this report[49] - The company did not recommend the payment of a dividend for the three months ended June 30, 2021, consistent with the previous year where no dividend was declared[96] Financial Statements and Accounting - The financial statements were reviewed by the Audit Committee and approved for issue by the Board on August 13, 2021[72] - The company is incorporated in Bermuda and its shares are listed on the GEM of the Stock Exchange[72] - The financial statements are presented in Hong Kong dollars and rounded to the nearest thousands (HK$'000)[72] - The company has adopted accounting policies consistent with those followed in the preparation of its annual financial statements for the year ended March 31, 2021[75] - Employee benefit expenses for the three months ended June 30, 2021, totaled HK$1,737,000, an increase from HK$1,319,000 in the same period of 2020, reflecting a rise of approximately 31.6%[85] - Finance costs for the three months ended June 30, 2021, were HK$421,000, a decrease from HK$2,411,000 in the same period of 2020, representing a reduction of approximately 82.5%[84] - The current tax for Hong Kong profits tax was calculated at a rate of 16.5% based on estimated assessable profits, with a two-tiered profits tax regime applicable[88] - No PRC Enterprise Income Tax has been provided for the three months ended June 30, 2021, as per the relevant income tax rules and regulations of the PRC[88] - The company reported a gain on exchange of HK$1,000 for the three months ended June 30, 2021, compared to no gain in the same period of 2020[81] - The depreciation of right-of-use assets for the three months ended June 30, 2021, was HK$220,000, an increase from HK$31,000 in the same period of 2020, indicating a rise of approximately 610%[85]

Financial Performance - Farnova Group Holdings Limited reported a significant increase in revenue, achieving a total of $XX million, representing a YY% growth compared to the previous year[17]. - The Group's revenue increased by approximately 235.4% to approximately HK$67.1 million for the year ended 31 March 2021, compared to a loss of approximately HK$48.7 million in the preceding year[31]. - The net profit attributable to owners of the Company for the year amounted to approximately HK$3.4 million, a turnaround from the net loss of approximately HK$48.7 million in the preceding year[31]. - The Group's profit for the Year increased by 104.9% to approximately HK$2.4 million, compared to a loss of approximately HK$48.7 million for the preceding Year[52]. - The Group's gross profit increased by 679.6% to approximately HK$23.4 million for the Year, with a gross profit margin of 34.9%[76]. Revenue Segments - The advertising segment generated revenue of approximately HK$56.1 million, representing a significant growth of approximately 180.5% compared to the preceding year[31]. - Revenue from advertising operations was approximately HK$56.1 million for the Year, compared to approximately HK$20.0 million for the preceding Year, driven by strengthened in-house production teams and expanded clientele[54]. - Revenue from the new energy electric vehicle segment was approximately HK$11.0 million, with 12 units of new energy electric sports cars delivered to clients in the PRC as of 31 March 2021[31]. - Revenue from the sales of new energy electric vehicles was approximately HK$11.0 million, with a total of 12 units delivered to clients in the PRC as of 31 March 2021[61]. Market Expansion and Strategy - For the upcoming fiscal year, Farnova Group has provided guidance indicating expected revenue growth of BB% to CC%, driven by new product launches and market expansion strategies[17]. - The management highlighted a strategic initiative to enter new markets, targeting an increase in market share by EE% over the next two years[17]. - The Group plans to enhance competitiveness in the advertising business by providing one-stop advertising packages and retaining existing clients while attracting new ones[35]. - The Group aims to strengthen its design and engineering teams by hiring experienced talents and collaborating with reputable international automotive brands[43]. - The successful debut of the flagship model "new energy electric vehicle" in September 2020 in Shenzhen aims to expand the sales network and improve brand awareness through overseas expansion and market campaigns[43]. Operational Efficiency and Cost Management - Farnova Group's operational efficiency has improved, resulting in a reduction of operating costs by GG%, enhancing overall profitability[17]. - The establishment of an in-house production team has significantly reduced production costs and improved the gross profit margin of the advertising business[35]. - The establishment of an internal production team has significantly reduced production costs, thereby improving the gross margin of the advertising business[38]. Research and Development - The company is actively investing in research and development, with a budget allocation of $DD million aimed at enhancing its product offerings and technological capabilities[17]. - The Group will continue to focus on optimizing brand structure and integrating resources to develop brand advantages in the new energy vehicle market[53]. Sustainability and Corporate Responsibility - The company is committed to sustainability, implementing new practices that are expected to reduce carbon emissions by HH% over the next five years[17]. - The Group's efforts in epidemic prevention during the COVID-19 pandemic reflect its commitment to corporate social responsibility[34]. - The Group aims to promote efficient use of resources and adopt green technologies for emission reduction, including upgrading lighting and air-conditioning systems[196]. - The Group is committed to identifying and managing environmental impacts from its operational activities[196]. Financial Position and Cash Flow - Farnova Group's cash flow position remains strong, with a reported cash balance of $II million, providing a solid foundation for future investments[17]. - As of 31 March 2021, the Group's cash and cash equivalents amounted to approximately HK$25.2 million, a substantial increase from HK$149,000 in 2020, resulting in a current ratio of approximately 2.23 compared to 0.08 in the previous year[88]. - The Group's total indebtedness decreased to approximately HK$7.9 million from approximately HK$106.0 million in 2020, leading to a gearing ratio of 9.8% compared to 972.5% in the previous year[96]. Management and Governance - The Group's management team includes individuals with significant experience in finance, accounting, and legal consultation[122][132]. - The company emphasizes its commitment to corporate governance and compliance with GEM Listing Rules[192]. - The board of directors includes independent non-executive directors with diverse backgrounds in finance and management[181]. Future Outlook - The Group expects the economy to gradually recover due to the implementation of COVID-19 vaccine programs[35]. - The management is confident in achieving better results in the future, creating added value for the Group and its stakeholders[49]. - The Group aims to enhance its current business while exploring new opportunities for shareholder benefits[112].