Financial Performance - Revenue for the three months ended December 31, 2022, was HKD 8,126,000, a decrease of 35.5% compared to HKD 12,642,000 for the same period in 2021[5] - Gross profit for the nine months ended December 31, 2022, was HKD 10,312,000, down 47.5% from HKD 19,605,000 in the previous year[5] - Operating loss for the three months ended December 31, 2022, was HKD 775,000, compared to an operating profit of HKD 876,000 for the same period in 2021[5] - The net loss for the nine months ended December 31, 2022, was HKD 2,425,000, compared to a profit of HKD 2,252,000 in the previous year[5] - Basic loss per share for the three months ended December 31, 2022, was HKD (0.31), compared to earnings of HKD 0.04 for the same period in 2021[5] - Total comprehensive loss for the nine months ended December 31, 2022, was HKD 2,605,000, compared to total comprehensive income of HKD 2,252,000 in the previous year[5] - Revenue for the nine months ended December 31, 2022, was HKD 26,283,000, down 31.3% from HKD 38,267,000 in the previous year[12] - The company reported a loss attributable to owners of the company of HKD 660,000 for the three months ended December 31, 2022, compared to a profit of HKD 91,000 in the same period of 2021[20] - The company’s financial costs decreased significantly by approximately 98.6% from HKD 1.2 million for the nine months ended December 31, 2021, to about HKD 17,000 for the same period in 2022[40] Expenses - Administrative expenses for the nine months ended December 31, 2022, were HKD 13,473,000, a decrease of 15.2% from HKD 15,891,000 in the previous year[5] - The total employee benefits expenses for the nine months ended December 31, 2022, were HKD 18,273,000, a decrease of 8.4% from HKD 19,944,000 in the previous year[18] - Service costs for the nine months ended December 31, 2022, were approximately HKD 16.0 million, down about HKD 2.7 million or 14.4% from HKD 18.7 million in the same period of 2021[34] - The company incurred a tax expense of HKD 122,000 for Hong Kong profits tax for the three months ended December 31, 2022, compared to a tax expense of HKD 370,000 in the same period of 2021[15] - The company’s tax credit for the nine months ended December 31, 2022, was approximately HKD 97,000, a decrease of about HKD 977,000 from a tax expense of approximately HKD 880,000 in the prior year[42] Equity and Shares - The company’s total equity as of December 31, 2022, was HKD 45,243,000, a decrease from HKD 47,848,000 as of April 1, 2022[6] - The weighted average number of ordinary shares for calculating basic loss per share was 215,347,000 for the nine months ended December 31, 2022[20] - The company holds a total equity interest of 159,068,639 shares, representing 73.87% of the total issued shares as of December 31, 2022[50] - The company repurchased and canceled a total of 117,152,000 shares at a total cost of approximately HKD 10.886 million during the nine months ended December 31, 2021[25] Governance and Compliance - The board believes that maintaining high corporate governance standards is crucial for the group's sustainable growth, and has adopted the corporate governance code as per GEM Listing Rules[61] - The audit committee, consisting of three independent non-executive directors, oversees the company's financial reporting and internal control systems[69] - The unaudited financial results for the nine months ending December 31, 2022, have been approved by the audit committee, ensuring compliance with applicable accounting standards[70] - The company has adopted a code of conduct for securities trading by directors, confirming compliance with the GEM Listing Rules for the nine months ending December 31, 2022[60] Future Outlook and Strategy - The group aims for sustainable growth and to strengthen its competitiveness in the Hong Kong interior design industry[46] - The company believes that the Hong Kong residential market may be supported by relatively low mortgage rates and ongoing demand despite weak market sentiment[46] - The group plans to maintain and strengthen its market position in Hong Kong, enhance brand awareness, and continue talent recruitment and internal training to support future growth[46] - The group continues to monitor the global macroeconomic environment, particularly the ongoing impact of the COVID-19 pandemic[46] Acquisitions and Investments - The acquisition of 50% of the issued shares of Yuen Yat Investment Limited was completed for HKD 11,200,000, involving a property of approximately 13,939 square feet[56] - As of December 31, 2022, the company had no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the nine months[58] - The company reported no buybacks or redemptions of its listed securities during the nine months ending December 31, 2022[59] Miscellaneous - The company did not recommend any dividend for the nine months ended December 31, 2022, consistent with the previous year[21] - The company has not granted, exercised, cancelled, or forfeited any share options during the nine months ending December 31, 2022[52] - The board consists of two executive directors and three independent non-executive directors as of the report date[71] - The company has not disclosed any significant matters that could severely impact its operations and financial performance after December 31, 2022[68] - The company has not made any new insurance arrangements for potential legal actions against its directors and senior officers since January 8, 2022[63] - The company entered into a lease agreement on January 1, 2023, for properties in Hong Kong, with a total annual cap of HKD 3,516,000 for the fiscal year ending March 31, 2024[68]

Financial Performance - Revenue for the third quarter reached HKD 12,642,000, an increase of 17.3% compared to HKD 10,780,000 in the same period last year[10] - Gross profit for the third quarter was HKD 6,611,000, up 50.3% from HKD 4,399,000 year-on-year[10] - Operating profit for the third quarter was HKD 876,000, a decrease of 5.4% from HKD 926,000 in the previous year[10] - The net profit for the third quarter was HKD 91,000, down 83.1% from HKD 537,000 in the same quarter last year[10] - Basic earnings per share for the third quarter were HKD 0.04, compared to HKD 0.22 in the previous year[10] - Total comprehensive income for the nine months ended December 31 was HKD 2,252,000, down 64.4% from HKD 6,328,000 year-on-year[10] - For the nine months ended December 31, 2021, the group's revenue was HKD 38,267,000, a decrease of 2.2% from HKD 39,129,000 in the previous year[19] - The group reported a profit attributable to owners of the company of HKD 91,000 for the three months ended December 31, 2021, compared to HKD 537,000 for the same period in 2020, representing a decline of 83.1%[25] - The basic earnings per share for the nine months ended December 31, 2021, was HKD 9.93, down from HKD 25.93 in the same period of 2020[25] - Profit before tax decreased from approximately HKD 7.0 million to approximately HKD 3.1 million, a decline of about HKD 3.9 million or 55.0%[47] - Total comprehensive income decreased from approximately HKD 6.3 million to approximately HKD 2.2 million, a reduction of about HKD 4.1 million[50] Expenses and Costs - Administrative expenses for the third quarter increased to HKD 5,719,000, compared to HKD 4,803,000 in the same period last year, reflecting a rise of 19.1%[10] - The group incurred finance costs of HKD 415,000 for the three months ended December 31, 2021, a slight decrease from HKD 432,000 in the same period of 2020[20] - The income tax expense for the nine months ended December 31, 2021, was HKD 880,000, an increase of 31.1% from HKD 670,000 in the previous year[22] - The group reported a decrease in employee benefit expenses to HKD 6,250,000 for the three months ended December 31, 2021, from HKD 6,797,000 in the same period of 2020[23] - Service costs decreased from approximately HKD 19.8 million to approximately HKD 18.7 million, a reduction of about HKD 1.1 million or 5.8%[40] - Administrative expenses increased from approximately HKD 15.3 million to approximately HKD 15.9 million, an increase of about HKD 0.6 million or 3.7%[45] - Other income significantly decreased from approximately HKD 3.7 million to HKD 0.6 million, a decline of about HKD 3.1 million, primarily due to the absence of government subsidies received in the prior year[42] Corporate Governance and Compliance - The financial data is prepared in accordance with the GEM Listing Rules, ensuring compliance and transparency in reporting[16] - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from April 1, 2021, with no significant impact on the financial results for the nine months ended December 31, 2021[18] - The company has complied with the GEM Listing Rules regarding the code of conduct for securities transactions by directors[67] - The company believes that maintaining high levels of corporate governance is essential for its continued growth[68] - The audit committee has been established to oversee the company's relationship with auditors and review financial information, consisting of three independent non-executive directors[76] - The unaudited consolidated financial information for the nine months ended December 31, 2021, has been approved by the audit committee, ensuring compliance with applicable accounting standards and GEM listing rules[76] Market Strategy and Future Outlook - The company is focused on expanding its market presence and enhancing its service offerings in the interior design sector[15] - The group aims for sustainable growth and to strengthen its competitiveness in the Hong Kong interior design industry[52] - The company believes that the Hong Kong residential market may be supported by relatively low mortgage rates and ongoing demand despite weak market sentiment[52] - The group plans to maintain and solidify its market position in Hong Kong, enhance brand awareness, and strengthen marketing efforts[52] Shareholder Information - As of December 31, 2021, the major shareholder, Jun Tai Ting Investment, holds 158,947,368 shares, representing 73.81% of the total issued share capital[55] - The total consideration for the acquisition of shares by Jun Tai Ting Investment was HKD 73,810,000, equivalent to approximately HKD 0.4644 per share[57] - The company has a total issued share capital of 215,346,526 shares as of December 31, 2021, following a share consolidation[29] - The total number of ordinary shares issued by the company as of the report date is 215,346,526 shares[65] - The company repurchased a total of 110,360,000 ordinary shares with a par value of HKD 0.0001 during the nine months ended December 31, 2021[64] - The company has repurchased a total of 110,360,000 shares at a cost of HKD 10,885,340 during the nine months ended December 31, 2021[65] - The highest repurchase price per share was HKD 0.480, while the lowest was HKD 0.042[65] - The group did not recommend any dividend for the nine months ended December 31, 2021, consistent with the previous year[27] - The company does not recommend any dividend payment for the nine months ended December 31, 2021[69] Lease Agreements - The company has entered into a lease agreement for a property in Hong Kong with a total annual cap of HKD 4,011,000 for the year ended March 31, 2022[72] - The annual cap for the lease agreement for the year ended March 31, 2023, is set at HKD 2,637,000[72] Miscellaneous - The group had no asset pledges as of December 31, 2021[51] - There are no significant matters known to the directors that would severely impact the group's operations and financial performance after December 31, 2021[74] - The company has not engaged in any trading or redemption of its listed securities during the nine months ended December 31, 2021[65] - The board of directors comprises two executive directors and three independent non-executive directors as of February 10, 2022[77]

Financial Performance - Revenue for the six months ended September 30, 2021, was HKD 25,625,000, a decrease of 9.6% compared to HKD 28,349,000 for the same period in 2020[22] - Gross profit for the six months ended September 30, 2021, was HKD 12,994,000, down 13.0% from HKD 14,910,000 in the previous year[22] - Operating profit for the six months ended September 30, 2021, was HKD 3,446,000, a decline of 53.3% compared to HKD 7,386,000 for the same period in 2020[22] - Profit before tax for the six months ended September 30, 2021, was HKD 2,671,000, down 58.7% from HKD 6,469,000 in the previous year[22] - Total comprehensive income for the period was HKD 2,161,000, a decrease of 62.7% compared to HKD 5,791,000 for the same period in 2020[22] - Basic earnings per share for the six months ended September 30, 2021, was 0.93 HK cents, down from 2.37 HK cents in the previous year[22] Expenses and Costs - Administrative expenses for the six months ended September 30, 2021, were HKD 10,172,000, a decrease of 3.3% compared to HKD 10,517,000 in the previous year[22] - Other income for the six months ended September 30, 2021, was HKD 592,000, down 75.5% from HKD 2,413,000 in the previous year[22] - Financial costs for the six months ended September 30, 2021, were HKD 775,000, a decrease of 15.5% compared to HKD 917,000 in the previous year[22] - Service costs for the six months ended September 30, 2021, were approximately HKD 12.6 million, a decrease of about HKD 0.8 million or 6.0% compared to HKD 13.4 million for the same period in 2020[101] Assets and Liabilities - As of September 30, 2021, total non-current assets decreased to HKD 10,994,000 from HKD 13,357,000 as of March 31, 2021, representing a decline of approximately 17.7%[24] - Current assets totaled HKD 69,943,000, down from HKD 100,365,000, indicating a decrease of about 30.3%[24] - Total liabilities decreased from HKD 58,121,000 to HKD 32,990,000, reflecting a reduction of approximately 43.2%[24] - The company reported a total equity of HKD 47,175,000 as of September 30, 2021, down from HKD 54,637,000, marking a decline of about 13.7%[25] - Cash and cash equivalents decreased by HKD 20,828,000, from HKD 64,240,000 to HKD 43,412,000, representing a decline of approximately 32.5%[29] - The company incurred a share buyback payment of HKD 9,580,000 during the reporting period[29] Revenue Breakdown - Revenue from interior design and execution services for the three months ended September 30, 2021, was HKD 11,600 thousand, down from HKD 12,236 thousand in the same period of 2020, a decline of about 5.2%[47] - The group’s revenue from Hong Kong for the six months ended September 30, 2021, was HKD 23,659 thousand, down from HKD 25,367 thousand in the same period of 2020, indicating a decrease of about 6.7%[50] - Revenue from Japan and Macau increased to HKD 1,151,000 for the six months ended September 30, 2021, compared to HKD 236,000 in 2020[55] Shareholder Information - The total number of shares repurchased during the six months ended September 30, 2021, was 114,432,000 shares, with a total cost of approximately HKD 9,580 thousand[84] - The company approved a share consolidation on August 31, 2021, merging every five shares of HKD 0.0001 into one share of HKD 0.0005, effective from September 2, 2021[86] - The total number of shares in treasury as of September 30, 2021, was 4,384,000 shares, with a value of HKD 1,621 thousand[88] - Whistle Up Limited, controlled by Mr. Chan, holds 158,947,368 shares, representing 71.45% of the total equity[130] - The company's share repurchase program resulted in the buyback of 108,800,000 shares, which were subsequently canceled on July 19, 2021[126] Corporate Governance - The company has maintained high corporate governance standards, adhering to the GEM Listing Rules[143] - The audit committee has reviewed the unaudited interim financial information for the six months ending September 30, 2021, and found it compliant with applicable accounting standards[148] - The company has adopted a code of conduct for securities trading by directors, which complies with GEM Listing Rules[141] Future Outlook - The company has not disclosed any specific future outlook or guidance in the provided content[22] - The company has no significant future plans for major investments or capital assets as of September 30, 2021[120] - No significant events affecting the group's operations and financial performance have been disclosed since September 30, 2021[150]

202 07 21 UNION ASIA ENTERPRISE HOLDINGS LTD 萬亞企業控股有限公司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限責任公司) (Stock Code 股份代號:8173) 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 ...

Financial Performance - Revenue for the nine months ended December 31, 2020, was HKD 39,129,000, a decrease of 16.5% compared to HKD 47,075,000 for the same period in 2019[10] - Gross profit for the nine months ended December 31, 2020, was HKD 19,309,000, down 23.6% from HKD 25,299,000 in the previous year[10] - Operating profit for the three months ended December 31, 2020, was HKD 926,000, a significant recovery from a loss of HKD 55,395,000 in the same period last year[10] - The company reported a net profit of HKD 6,328,000 for the nine months ended December 31, 2020, compared to a loss of HKD 52,304,000 in the previous year[10] - Basic earnings per share for the nine months ended December 31, 2020, was HKD 0.52, compared to a loss of HKD 6.21 per share in the same period last year[10] - The company recognized other income of HKD 3,672,000 for the nine months ended December 31, 2020, compared to HKD 280,000 in the previous year[10] - Administrative expenses for the nine months ended December 31, 2020, were HKD 15,320,000, a decrease from HKD 16,532,000 in the previous year[10] - The income tax expense for the nine months ended December 31, 2020, was HKD 635,000, down from HKD 1,095,000 in the same period of 2019[27] - Employee benefits expenses for the three months ended December 31, 2020, were HKD 6,797,000, a decrease of 14.7% from HKD 7,970,000 in the same period of 2019[29] - Profit before tax increased from a loss of approximately HKD 51.2 million to a profit of approximately HKD 7.0 million, an increase of about HKD 58.2 million[53] - Total comprehensive income increased from a loss of approximately HKD 52.3 million to a profit of approximately HKD 6.3 million, an increase of about HKD 58.6 million[56] Impact of COVID-19 - The impact of the COVID-19 pandemic has led to a decrease in revenue, with the company actively monitoring the situation and assessing its effects on operations[16] - The company has taken necessary measures to address the impacts of the pandemic on its business environment and financial performance[16] Acquisition and Share Capital - The company completed the acquisition of Absolute Surge Limited for a total consideration of approximately HKD 87,600,000, issuing 760,000,000 new shares at HKD 0.19 each[19] - The excess of the acquisition cost over the fair value of identifiable assets and liabilities was approximately HKD 57,302,000, recognized as listing expenses[21] - The company acquired 100% of Absolute Surge for HKD 144.4 million, issuing 760 million new shares as part of the transaction[39] - The total issued share capital as of December 31, 2020, was 1,221,052,631 shares with a par value of HKD 0.0001 per share[37] - The total number of issued shares as of December 31, 2020, was 1,221,052,631[66] Corporate Governance - The company has complied with the corporate governance code except for the separation of the roles of Chairman and CEO, which is deemed appropriate under current circumstances[81] - The audit committee has approved the unaudited condensed consolidated financial information for the nine months ended December 31, 2020, ensuring compliance with applicable accounting standards[92] - The company has established an audit committee to oversee the relationship with auditors and review financial information[90] - The audit committee consists of three independent non-executive directors, ensuring proper oversight of financial reporting[92] - The company will continue to review the appropriateness of separating the roles of Chairman and CEO based on overall circumstances[81] Shareholder Information - As of December 31, 2020, the company had a total of 854,736,842 shares held by Mr. Chan, representing a 70.00% ownership stake[64] - Whistle Up, owned by Mr. Chan, holds 854,736,842 shares, which also accounts for 70.00% of the total shares[69] - Mr. Chan is considered to have a beneficial interest in 96% of Whistle Up's shares, while Mr. Lee and Ms. Kwan hold 3% and 1%, respectively[65] Dividends and Financial Policies - The company did not declare any interim dividend for the nine months ended December 31, 2020, maintaining the same stance as in 2019[36] - The company reported a total of HKD 19 million in interim dividends declared in 2019, which was not repeated in 2020[34] - The company did not recommend any dividend payment for the nine months ended December 31, 2020[83] Operational Insights - The group aims to maintain and strengthen its market position in Hong Kong's interior design industry, despite challenges from social events and the COVID-19 pandemic[58] - The group plans to enhance brand awareness and marketing efforts, and continue recruiting talent to support future growth[58] - The company has not identified any significant matters that would severely impact its operations and financial performance after December 31, 2020[88] Other Financial Information - The company incurred finance costs of HKD 432,000 for the three months ended December 31, 2020, a decrease of 15.5% from HKD 511,000 in the same period of 2019[26] - Financial costs decreased from approximately HKD 1.6 million to approximately HKD 1.3 million, a reduction of about HKD 0.3 million or 13.2%[52] - The annual cap for rental payments to the owner under the 2021 lease agreement is set at HKD 3,132,000 for the year ending March 31, 2022[87] - The total amount payable to the owner under the previous lease agreement was HKD 3,132,000 for the year ended March 31, 2021[87] - The company did not buy or redeem any of its listed securities during the nine months ending December 31, 2020[79] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the nine months ending December 31, 2020[77] - No stock options were granted, exercised, canceled, or forfeited during the nine months ending December 31, 2020[74] - All directors confirmed compliance with the trading code for securities transactions during the nine months ending December 31, 2020[80] - There were no arrangements for directors to acquire shares or securities of the company or its affiliates during the nine months ending December 31, 2020[75] - No directors or major shareholders had any interests in businesses that may significantly compete with the company's operations as of December 31, 2020[76]

Financial Performance - The company reported a significant increase in revenue for the first half of the fiscal year 2020/21, achieving a total of HKD 50 million, representing a 25% growth compared to the same period last year[11]. - Revenue for the six months ended September 30, 2020, was HKD 28,349,000, a decrease of 11.5% compared to HKD 31,908,000 for the same period in 2019[23]. - Gross profit for the six months ended September 30, 2020, was HKD 14,910,000, down 13.7% from HKD 17,285,000 in the previous year[23]. - Operating profit increased to HKD 7,386,000 for the six months ended September 30, 2020, compared to HKD 5,740,000 in the same period of 2019, representing a growth of 28.7%[23]. - The company reported a total comprehensive income of HKD 5,791,000 for the six months ended September 30, 2020, compared to HKD 3,915,000 in the same period of 2019, marking a growth of 47.8%[23]. - Basic earnings per share for the six months ended September 30, 2020, were HKD 0.47, down from HKD 0.52 in the previous year[23]. - The total profit for the six months ended September 30, 2020, was not explicitly stated but was impacted by the decrease in revenue and employee expenses[65]. User Engagement and Market Outlook - User data showed a rise in active users, with a 15% increase year-over-year, reaching 200,000 active users by September 30, 2020[11]. - The company provided an optimistic outlook for the next quarter, projecting a revenue growth of 30% based on current market trends and user acquisition strategies[11]. - New product launches are expected to contribute an additional HKD 10 million in revenue, with a focus on enhancing user experience and expanding product offerings[11]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a 20% market share within the next two years[11]. - A new marketing strategy has been implemented, aiming to increase brand awareness and user engagement by 40% over the next six months[11]. Financial Position and Cash Flow - Cash flow from operations improved by 50%, totaling HKD 15 million, providing a solid foundation for future investments[11]. - Total assets as of September 30, 2020, were HKD 94,494,000, up from HKD 91,684,000 as of March 31, 2020[25]. - Cash and cash equivalents at the end of the period were HKD 67,856,000, compared to HKD 58,138,000 at the beginning of the period, reflecting a net increase of 16.5%[31]. - Net cash generated from operating activities was HKD 15,283,000, an increase of 60.5% from HKD 9,545,000 in the previous year[31]. - As of September 30, 2020, total borrowings and lease liabilities amounted to approximately HKD 50.1 million, down from approximately HKD 54.7 million as of March 31, 2020[106]. Employee and Operational Efficiency - Employee benefits expenses for the six months ended September 30, 2020, totaled HKD 14,857,000, a decrease of 16.5% from HKD 17,662,000 in 2019[65]. - The total employee cost for the six months ended September 30, 2020, was approximately HKD 14.9 million, a decrease from HKD 17.7 million for the same period in 2019[116]. - The company has 66 employees as of September 30, 2020, down from 67 employees as of March 31, 2020[116]. Strategic Initiatives and Acquisitions - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the technology sector[11]. - The group completed the acquisition of Absolute Surge Limited on November 13, 2019, issuing 760,000,000 new shares at HKD 0.19 each, which constituted a reverse acquisition[39]. - The acquisition of Absolute Surge was completed for a total consideration of HKD 144,400,000, involving the issuance of 760,000,000 shares at HKD 0.19 each[87]. COVID-19 Impact and Risk Management - The group has acknowledged the impact of the COVID-19 pandemic on its business environment and economic activities, leading to a reduction in revenue compared to the previous year[35]. - The group has maintained vigilance regarding the ongoing developments of the COVID-19 pandemic and its potential impact on global financial markets and business environments[35]. - The company will continue to monitor the potential impact of the COVID-19 pandemic and local social events on its business operations[119]. Corporate Governance and Compliance - The audit committee has reviewed the unaudited interim financial information for the six months ended September 30, 2020, and believes it complies with applicable accounting standards and regulations[148]. - The company has adopted the corporate governance code to ensure proper regulation of business activities and decision-making processes[143]. - The board of directors is composed of two executive directors and three independent non-executive directors, ensuring a balanced governance structure[150]. - The company has maintained compliance with the GEM Listing Rules regarding corporate governance throughout the reporting period[143].

Financial Performance - Revenue for the three months ended June 30, 2020, was HKD 15,955,000, a decrease of 2% compared to HKD 16,284,000 for the same period in 2019[7] - Gross profit for the same period was HKD 8,918,000, down from HKD 9,062,000, reflecting a gross margin of approximately 55.8%[7] - Operating profit increased to HKD 4,704,000, representing a 31.7% increase from HKD 3,571,000 in the previous year[7] - Profit before tax rose to HKD 4,238,000, up 31.7% from HKD 3,216,000 year-on-year[7] - Total comprehensive income for the period was HKD 3,624,000, compared to HKD 2,859,000 in the same quarter of 2019, marking a 26.7% increase[7] - Basic earnings per share for the period was HKD 0.30, down from HKD 0.38 in the previous year[7] - The group reported a net profit attributable to owners of the company of HKD 3.62 million for the three months ended June 30, 2020, compared to HKD 2.86 million for the same period in 2019, representing an increase of approximately 26.7%[28] - Basic earnings per share for the three months ended June 30, 2020, was based on a weighted average of 1,221,053 shares, compared to 760,000 shares for the same period in 2019[30] Expenses and Costs - Administrative expenses decreased to HKD 4,855,000 from HKD 5,318,000, indicating a reduction of 8.7%[7] - Other income increased significantly to HKD 644,000 from HKD 234,000, showing a growth of 175.2%[7] - The company reported a decrease in financial costs to HKD 466,000 from HKD 355,000, reflecting an increase of 31.3%[7] - Financial costs increased to approximately HKD 0.47 million for the three months ended June 30, 2020, compared to HKD 0.36 million in the same period in 2019, primarily due to additional interest expenses from new bank loans[37] - The group’s income tax expense increased to approximately HKD 0.6 million for the three months ended June 30, 2020, from HKD 0.4 million in the same period in 2019, in line with the increase in profit before tax[40] Equity and Shareholder Information - The total equity as of June 30, 2020, was HKD 50,048,000, an increase from HKD 46,424,000 at the beginning of the period[9] - A total of 227,679,850 shares were issued at a price of HKD 0.19 per share, raising approximately HKD 43.2 million from the share offering[47] - Of the funds raised, approximately HKD 24.7 million will be used for professional fees related to the listing and underwriting commission, while HKD 18.5 million will be allocated for general working capital[47] - As of June 30, 2020, the company’s major shareholder, Mr. Chan, holds a 70.00% equity interest in the company[49] - Whistle Up Limited, owned by Mr. Chan, holds 854,736,842 shares, representing 70.00% of the total equity[54] Corporate Governance and Compliance - The company has established an audit committee to oversee financial reporting and compliance, consisting of three independent non-executive directors[69] - The company confirmed compliance with the GEM Listing Rules and corporate governance code during the reporting period[65] - The board of directors has adopted a code of conduct for securities trading, ensuring compliance with relevant regulations[63] - There were no rights to subscribe for shares exercised by directors or their close associates during the reporting period[60] Market and Strategic Outlook - The group aims to achieve sustainable growth and strengthen its competitiveness in the Hong Kong interior design industry[43] - The company plans to maintain and strengthen its market position in Hong Kong, enhance brand awareness, and increase marketing efforts[45] - The company aims to recruit talent and enhance internal training to support future growth[45] - The company is committed to leveraging its competitive advantages to seize opportunities in the market[45] - The Hong Kong residential market remains resilient despite recent social events and the COVID-19 outbreak, supported by relatively low mortgage rates and ongoing demand[45] Impact of COVID-19 - The financial performance of the group has been impacted by the outbreak of COVID-19, with ongoing preventive measures in place in mainland China and Hong Kong[70] - The company will continue to monitor the potential impact of COVID-19 and local social events on its business[45] - The company will continue to monitor the impact of COVID-19 on its financial condition and performance[71] Other Information - The company did not recommend any dividend payment for the three months ended June 30, 2020[66] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the three months ended June 30, 2020[61] - No stock options were granted, exercised, canceled, or forfeited during the three months ending June 30, 2020, and there are no unexercised stock options as of that date[58] - No trading of the company's listed securities occurred during the three months ended June 30, 2020[62] - The chairman and CEO roles are currently held by the same individual, which the board believes enhances leadership effectiveness[65]

Financial Performance - Union Asia Enterprise Holdings Ltd reported a comprehensive income of HKD 10 million for the fiscal year 2019/20, reflecting a decrease of 15% compared to the previous year[10]. - The company experienced a revenue decline of 12% year-on-year, totaling HKD 50 million for the fiscal year 2019/20[10]. - For the year ended March 31, 2020, the Group recorded a revenue of approximately HK$73.1 million, representing a year-on-year increase of 4.7% compared to approximately HK$69.8 million in the previous financial year[41]. - The loss attributable to owners of the Company for the year ended March 31, 2020, was approximately HK$42.6 million, a decrease of approximately HK$59.8 million compared to the profit of approximately HK$17.2 million in the previous year[41]. - Profit before tax decreased significantly from approximately HK$20.1 million for the year ended March 31, 2019, to a loss before tax of approximately HK$39.5 million for the year ended March 31, 2020, a decrease of approximately HK$59.6 million[67]. - Income tax increased by approximately HK$0.2 million or 6.7%, from approximately HK$3.0 million for the year ended March 31, 2019, to approximately HK$3.2 million for the year ended March 31, 2020[67]. - Total borrowings and lease liabilities as of March 31, 2020, were approximately HK$54.7 million, up from approximately HK$33.1 million as of March 31, 2019[71]. - Total assets as of March 31, 2020, were approximately HK$114.0 million, compared to approximately HK$68.8 million as of March 31, 2019, including cash and cash equivalents of approximately HK$58.1 million[72]. - Current ratio as of March 31, 2020, was approximately 1.4 times, up from approximately 1.2 times as of March 31, 2019[73]. Strategic Initiatives - The company plans to expand its market presence in Southeast Asia, targeting a 25% growth in that region over the next fiscal year[10]. - Union Asia is investing HKD 5 million in new product development, focusing on technology enhancements to improve user experience[10]. - The company has set a performance guidance of achieving a revenue growth of 10% for the upcoming fiscal year[10]. - Union Asia is exploring potential mergers and acquisitions to enhance its market position and diversify its product offerings[10]. - The management highlighted a strategic shift towards digital marketing, aiming to increase online sales by 30% in the next year[10]. - The Group aims to achieve sustainable growth and strengthen its competitiveness in the interior design industry in Hong Kong[150][151]. - The Group plans to maintain and strengthen its market position in Hong Kong, enhance brand recognition, and continue recruiting talents to support future growth[153]. Market Conditions - The economic outlook for Hong Kong is hindered by various unfavorable factors, including local social incidents and the COVID-19 pandemic, affecting multiple industries[42]. - The Company believes that the residential market in Hong Kong is likely to be supported by relatively low mortgage rates and continuous demand despite weakening market sentiment[42]. - Despite recent social events and the COVID-19 outbreak, the Hong Kong primary residential market remains resilient, supported by relatively low borrowing rates and ongoing demand[156]. Corporate Governance - Union Asia's board of directors confirmed their commitment to maintaining corporate governance standards and transparency in financial reporting[10]. - The Board comprises five Directors, including Mr. Chan Norman Enrique as Chairman & CEO, with an average age of 55 years[182]. - The Company has established a Board Diversity Guideline to enhance effectiveness through diversity in gender, age, ethnicity, and professional experience[186][187]. - The Nomination Committee was established in March 2012 to oversee the appointment and re-election of Directors[196]. - One-third of the Directors must retire by rotation at each annual general meeting, ensuring that all Directors are subject to re-election at least once every three years[198]. - The Company emphasizes meritocracy in Board appointments, considering candidates against objective criteria while promoting diversity[188][192]. - No Board members have financial, business, family, or other material relationships with each other, ensuring independence[185][189]. - The Company believes its practices meet the objectives of the corporate governance code provisions[198]. Employee and Operational Insights - As of March 31, 2020, the Group had 67 employees, a decrease from 81 employees as of March 31, 2019, with total staff costs amounting to approximately HK$34.0 million, down from HK$35.5 million in the previous year[139][140]. - The Group entered into a key management life insurance policy with an investment element at a single premium of approximately HK$8,054,000, with a fair value of approximately HK$8,169,000 as of March 31, 2020[141][144]. - The Group does not have any concrete plans for material investments or capital assets for the coming year[143][146]. Shareholder and Financial Activities - The completion of the Share Offer on November 13, 2019, involved the issuance of 227,679,850 shares at an offer price of HK$0.19 per share, generating gross proceeds of approximately HK$43.2 million[91]. - Approximately HK$24.7 million of the gross proceeds from the Share Offer is allocated for professional fees related to the reverse takeover and new listing[91]. - The remaining balance of approximately HK$18.5 million from the gross proceeds will be used as general working capital, including potential repayment of loans exceeding HK$18 million[91]. - The company completed the acquisition of Absolute Surge Limited for HK$144.4 million, which was settled by the allotment and issuance of 760,000,000 new shares[103]. - The acquisition constituted a very substantial acquisition and a reverse takeover under Chapter 19 of the GEM Listing Rules[103]. - Upon completion of the acquisition on 13 November 2019, Absolute Surge Limited became a wholly-owned subsidiary of the company[104].

UNION ASIA Enterprise Holdings Ltd 萬亞企業控股有限公司 (於爾曼羅島註冊成立之利限實任公司) (股份代號 : 8173) 第 三 季 度 業 績 報 告 2019/20 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。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不就因本報告全部或任何部份內容而產生或因依賴該等 內容而引致之任何損失承擔任何責任。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）之規定而提供有關萬亞企業控 股有限公司（「本公司」）之資料。本公司各董事（「董事」）願就本報告所載內容共同及個別承 擔全部責任，且在作出一切合理查詢後確認，就彼等所深知 ...

Financial Performance - The group's revenue for the six months ended September 30, 2019, was approximately HKD 15,449,000, a decrease of about HKD 1,880,000 compared to HKD 17,329,000 in the same period of 2018[5]. - The net loss for the period was approximately HKD 43,110,000, a reduction from HKD 51,582,000 in the previous year, primarily due to recoveries from legal actions[5]. - The gross profit for the six months ended September 30, 2019, was HKD 219 million, down from HKD 535 million in the same period of 2018, reflecting a decline of 59.0%[35]. - The operating loss for the six months ended September 30, 2019, was HKD 10,422 million, compared to an operating loss of HKD 12,742 million for the same period in 2018, indicating an improvement of 18.2%[35]. - The net loss attributable to the company's owners for the six months ended September 30, 2019, was HKD 43,110 million, compared to a loss of HKD 51,582 million in the same period of 2018, representing a reduction of 16.5%[35]. - The company reported a net cash outflow from operating activities of HKD 3,111 million for the six months ended September 30, 2019, compared to an outflow of HKD 9,281 million in the same period of 2018[45]. - The company reported a loss from discontinued operations of approximately HKD 58,000 for the period, compared to a loss of HKD 8,906,000 in the previous year[98]. Capital Restructuring - The company proposed a capital restructuring involving the cancellation of share premium amounting to HKD 3,661,406,000 to offset accumulated losses of approximately HKD 4,525,374,000[6]. - The capital restructuring was approved by shareholders on June 24, 2019, and became effective on October 22, 2019[7]. - The proposed restructuring plan, which includes capital restructuring, public offering, creditor plans, and acquisition matters, was successfully completed on November 13, 2019[49]. - The board believes that the main procedures of the proposed restructuring have been completed and will be successfully implemented, allowing for the preparation of financial statements on a going concern basis[49]. Legal Matters - The company is involved in ongoing legal actions related to unauthorized transactions and is seeking recovery of losses amounting to SGD 2,285,000 and USD 1,070,000[12]. - The company was ordered to pay 99,000 Singapore dollars in legal fees to a third party, which was settled on July 23, 2018[14]. - The court ruled in favor of Evotech, requiring the defendants to pay a total of 42,000 Singapore dollars in legal costs after the appeal was dismissed on August 13, 2019[15]. - The company recovered 198,000 Singapore dollars through the execution and sale of Lily Bey's assets on May 2, 2019[16]. - The board believes that the legal actions will not adversely affect the financial position of the group, and no provisions have been made in the financial statements[18]. - The company is currently involved in legal proceedings regarding loan repayments but expects no significant impact on its overall financial or operational status[22]. Share and Equity Information - A share consolidation was executed, merging every 50 shares of HKD 0.08 into one share of HKD 4.0, resulting in a total of 68,303,955 consolidated shares[6]. - The company planned a public offering of 227,679,850 shares at a price of HKD 0.19 per share, with half available for public subscription and the other half reserved for qualifying shareholders[8]. - The company aims to enhance its liquidity and financial condition by potentially selling equity stakes in individual subsidiaries[33]. - The company did not recommend the payment of an interim dividend for the current period, consistent with the previous year[120]. - As of September 30, 2019, major shareholder Yang Rongyi holds 846,760,000 shares, representing approximately 24.79% of the company's equity[122]. Operational Segments - The company has two reportable segments: metals and securities, indicating a diversified operational focus[66]. - The stainless steel wire segment has maintained stable demand due to its applications in electronics, mobile communications, and advanced medical equipment[33]. - The beverage trading segment incurred a loss of HKD 7,546,000 for the three months ended September 30, 2019, compared to a loss of HKD 7,644,000 in the same period of 2018[84]. - The profit/loss from jade trading for the six months ended September 30, 2019, was HKD 58,000, while it recorded a loss of HKD 755,000 for the same period in 2018[82]. Financial Position - The company's total assets as of September 30, 2019, were HKD 53,045 million, a slight decrease from HKD 54,079 million as of March 31, 2019[39]. - The current liabilities increased to HKD 201,912 million as of September 30, 2019, compared to HKD 184,549 million as of March 31, 2019, reflecting an increase of 9.0%[41]. - The company's inventory increased to HKD 3,550 million as of September 30, 2019, up from HKD 2,811 million as of March 31, 2019, indicating a rise of 26.3%[39]. - The company's financial assets measured at fair value through profit or loss amounted to HKD 37,743 million as of September 30, 2019, compared to HKD 35,604 million as of March 31, 2019, showing an increase of 6.0%[39]. - The group's net liabilities as of September 30, 2019, were approximately HKD 533,272,000, indicating potential challenges in asset realization and liability settlement during normal operations[49]. Management and Governance - The audit committee consists of three independent non-executive directors, responsible for overseeing financial reporting and risk management[136]. - The board of directors consists of three executive directors and three independent non-executive directors[137]. - The company's management compensation for the six months ended September 30, 2019, was HKD 1,149,000, an increase from HKD 1,059,000 in the previous year, reflecting an increase of 8.5%[115].