承董事會命 中國信息科技發展有限公司 香港交易及結算所有限公司以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，概不會就因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。 （ 於 開 曼 群 島 註 冊 成 立 的 有 公 司 ） 限 （股份代號：08178） 董事會會議召開日期 中國信息科技發展有限公司（「本公司」）之董事會（「董事會」）謹此宣佈，董事會將於二零 二五年八月二十六日（星期二）舉行董事會會議，藉以批准（其中包括）本公司及其附屬公 司截至二零二五年六月三十日止六個月之中期業績，及考慮建議派發中期股息（如有）。 本公告將刊載於本公司網站(http://www.citd.com.hk)及自刊載日期起計在聯交所網站 (http://www.hkexnews.hk)「最新上市公司公告」頁內保留最少7日。 主席兼行政總裁 黃景兆 香港，二零二五年八月十二日 於本公告日期，董事會成員包括執行董事黃景兆先生（主席兼行政總裁）、朱喬華先生及 So Han Meng Julian先生；非執行董事李世榮議員， MH, JP 及梁嘉銘女士 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國信息科技發展有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08178 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 12,000,000,000 | HKD | | 0.1 HKD | | | 1,200,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 12,000,000,000 | HKD | | 0.1 HKD | | | 1,200,000,000 | 本月 ...

格隆汇7月30日丨中国信息科技(08178.HK)公告，内容有关出售广州天河区物业。经审慎周详考虑后， 买方决定不进行出售事项，而于2025年7月30日，公司收到卖方与买方经公平磋商后所订立日期为2025 年7月28日的终止协议，以终止及解除买卖协议及其项下拟进行的交易(自2025年7月16日起生效)。根据 终止协议，买方同意就终止出售事项向卖方赔偿人民币100万元，须于签署终止协议日期起计30日内支 付。 ...

经审慎周详考虑后，买方决定不进行出售事项，而于2025年7月30日，公司收到卖方与买方经公平磋商 后所订立日期为2025年7月28日的终止协议，以终止及解除买卖协议及其项下拟进行的交易(自2025年7 月16日起生效)。根据终止协议，买方同意就终止出售事项向卖方赔偿人民币100万元，须于签署终止协 议日期起计30日内支付。 中国信息科技(08178)发布公告，于2025年6月19日，卖方(公司间接全资附属公司广州信丰投资咨询有限 公司)拟向买方(广东新景晟产业投资有限公司)出售该物业，代价为人民币1.50亿元。 ...

经审慎周详考虑后，买方决定不进行出售事项，而于2025年7月30日，公司收到卖方与买方经公平磋商 后所订立日期为2025年7月28日的终止协议，以终止及解除买卖协议及其项下拟进行的交易(自2025年7 月16日起生效)。根据终止协议，买方同意就终止出售事项向卖方赔偿人民币100万元，须于签署终止协 议日期起计30日内支付。 智通财经APP讯，中国信息科技(08178)发布公告，于2025年6月19日，卖方(公司间接全资附属公司广州 信丰投资咨询有限公司)拟向买方(广东新景晟产业投资有限公司)出售该物业，代价为人民币1.50亿元。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容 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。 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） 黃景兆 （股份代號：08178） 終止有關出售物業之 主要交易 茲提述中國信息科技發展有限公司（「本公司」）日期為二零二五年六月十九日及二零二五 年七月十四日的公告（「該等公告」），內容有關出售該物業之主要交易。除另有所指外， 本公告所用詞彙與該等公告所界定者具有相同涵義。 董事會宣佈，經審慎周詳考慮後，買方決定不進行出售事項，而於二零二五年七月三十日， 本公司收到賣方與買方經公平磋商後所訂立日期為二零二五年七月二十八日的終止協議（「終 止協議」），以終止及解除買賣協議及其項下擬進行的交易（自二零二五年七月十六日起生 效）。根據終止協議，買方同意就終止出售事項向賣方賠償人民幣1,000,000元，須於簽署 終止協議日期起計30日內支付。 董事會認為，終止出售事項不會對本集團的財務狀況及營運構成任何重大不利影響。 本集團將繼續為該物業物色潛在買方 ...

Financial Performance - The company recorded revenue of approximately HKD 41,485,000 for the year, a decrease of about 15.7% compared to HKD 49,228,000 in the previous year[12] - Gross profit for the year was approximately HKD 22,398,000, with a gross margin of 54.0%, an increase from 45.8% in the previous year[12] - The loss attributable to equity holders for the year was approximately HKD 37,634,000, compared to a loss of HKD 20,876,000 in the previous year, primarily due to fair value losses on investment properties increasing from HKD 5,536,000 to HKD 20,617,000[12] - The group's revenue for 2024 is approximately HKD 41,485,000, a decrease of 15.7% from HKD 49,228,000 in 2023, mainly due to reduced sales of computer hardware and software[48] - The total cost of sales and services for 2024 is approximately HKD 19,087,000, a decrease of 28.4% from HKD 26,660,000 in 2023, attributed to reduced transactions in computer hardware and software[49] - The group's gross profit for 2024 is approximately HKD 22,398,000, a slight decrease of about HKD 170,000 from HKD 22,568,000 in 2023[50] - Other income and gains for the fiscal year ending December 31, 2024, is approximately HKD 1,031,000, down from HKD 3,472,000 in 2023, primarily due to a decrease in other interest income[51] - Selling and distribution expenses for 2024 are approximately HKD 1,580,000, a significant decrease from HKD 8,990,000 in 2023, as there were no related expenses this year[52] - Administrative expenses for 2024 are approximately HKD 34,076,000, a decrease of 12.6% from HKD 38,979,000 in 2023, due to reduced advertising and legal costs[53] - The fair value loss of the investment portfolio as of December 31, 2024, is approximately HKD 202,000, compared to a gain of HKD 29,000 in 2023[54] - The loss attributable to owners of the company in 2024 was approximately HKD 37,634,000, an increase from HKD 20,876,000 in 2023, primarily due to the increase in fair value loss of investment properties[57] - As of December 31, 2024, the group's cash and bank balances decreased to approximately HKD 5,371,000 from HKD 11,595,000 as of December 31, 2023[58] - Total borrowings as of December 31, 2024, were approximately HKD 60,740,000, down from HKD 65,033,000 in 2023, with a debt-to-equity ratio of 0.25[58] Strategic Initiatives - The company strategically focused on technological advancements in cloud computing, Web 3.0, and artificial intelligence to meet evolving customer demands[13] - The company acquired Popsible Limited, which provides IT and public relations services aligned with customer strategic goals, broadening revenue sources[13] - The company emphasized the importance of innovative solutions amid rapid digital transformation across industries[13] - The company has established a joint venture to promote sustainable changes in the ESG sector in Dubai[14] - The company has formed strategic partnerships with Masary Capital to establish business relationships in the UAE and the broader GCC region[14] - The company plans to leverage technological advancements and the growing demand for digital transformation across industries, focusing on AI, cybersecurity, and machine learning for future growth[46] Audit and Compliance - The independent auditor expressed a qualified opinion due to insufficient audit evidence regarding the service agreements[18] - The company has implemented remedial measures to address internal control deficiencies identified during the audit process[23] - The management has made efforts to provide all available information for the audit, but was unable to supply all requested documents[22] - The company anticipates that the audit opinion will be removed from the financial statements for the fiscal year ending December 31, 2025, as the basis for the opinion will be addressed in the consolidated financial statements for that year[27] - The company will continue to comply with applicable GEM listing rules and ensure proper handling of audit opinions in future financial statements[27] Share Capital and Stock Options - The company plans to issue 12,353,000 subscription shares at HKD 6.31 each, which represents approximately 16.86% of the existing issued share capital[36] - The expected total proceeds from the subscription are approximately HKD 77,950,000, with net proceeds estimated at HKD 77,750,000 after expenses[38] - 70% of the net proceeds from the subscription will be allocated for general operating funds in the UAE, while 30% will be used for general operating funds in Hong Kong[38] - The company has granted a total of 23,900,000 stock options under the 2012 Stock Option Plan as of May 13, 2021, and an additional 16,360,000 stock options on June 16, 2022[110] - A total of 267,562 stock options have expired during the year, leaving 3,835,213 stock options available for issuance, which represents 5.23% of the total shares issued as of the report date[113] - The 2012 Stock Option Plan allows for a maximum of 34,314,132 stock options to be granted, equivalent to 10% of the total shares issued as of November 5, 2021[113] - The exercise period for the stock options granted on May 13, 2021, and June 16, 2022, is set for 10 years, expiring on May 12, 2031, and June 15, 2032, respectively[115] - The company has established a 2023 stock option plan to reward selected qualified individuals for their contributions to the group's growth and development[108] - The total number of stock options that have lapsed or been canceled is 267,562[121] Corporate Governance - The company has a commitment to high standards of business ethics and corporate governance, with policies communicated to all employees[156] - The company encourages stakeholder engagement through various channels to balance the interests of customers, suppliers, and employees[145] - The board consists of eight directors, including three executive directors, two non-executive directors, and three independent non-executive directors[158] - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with GEM listing rules[162] - The board has implemented a diversity policy, considering factors such as gender, age, and professional experience to enhance board diversity[185] - The company is committed to maintaining gender diversity in its workforce and will continue to recruit more female talent[192] - The board is currently seeking new independent non-executive directors based on candidates' experience and GEM listing rules[173] Employee and Management Information - The total employee benefit expenses for the year ended December 31, 2024, were approximately HKD 24,216,000, compared to HKD 21,744,000 in 2023[67] - The group employed 70 staff as of December 31, 2024, an increase from 61 in 2023[67] - The remuneration for a senior management member (excluding directors) ranges from HKD 0 to HKD 550,000 for the year[181] - No director has waived any remuneration for the year ending December 31, 2024[109] - The remuneration committee will review and recommend compensation for newly appointed directors and senior management[183]

Financial Performance - The company recorded revenue of approximately HKD 41,485,000 for the year, a decrease of about 15.7% compared to HKD 49,228,000 in the previous year[13] - Gross profit for the year was approximately HKD 22,398,000, with a gross margin of about 54.0%, an increase from 45.8% in the previous year[13] - The loss attributable to equity holders for the year was approximately HKD 37,634,000, compared to a loss of HKD 20,876,000 in the previous year, primarily due to fair value losses on investment properties increasing from HKD 5,536,000 to HKD 20,617,000[13] - The group’s revenue for 2024 is approximately HKD 41,485,000, a decrease of 15.7% from HKD 49,228,000 in 2023, mainly due to reduced sales of computer hardware and software[49] - The group’s cost of sales and services for 2024 is approximately HKD 19,087,000, a decrease of 28.4% from HKD 26,660,000 in 2023, attributed to decreased transactions in computer hardware and software[50] - The group’s gross profit for 2024 is approximately HKD 22,398,000, a slight decrease of about HKD 170,000 from HKD 22,568,000 in 2023[51] - Other income and gains for the fiscal year ending December 31, 2024, is approximately HKD 1,031,000, down from HKD 3,472,000 in 2023, primarily due to a decrease in other interest income[52] - The group’s administrative expenses for 2024 are approximately HKD 34,076,000, a decrease of 12.6% from HKD 38,979,000 in 2023, due to reduced advertising and legal costs[54] - The loss attributable to owners of the company in 2024 was approximately HKD 37,634,000, an increase from approximately HKD 20,876,000 in 2023, primarily due to the increase in fair value losses on investment properties[58] - As of December 31, 2024, the group's cash and bank balances decreased to approximately HKD 5,371,000 from about HKD 11,595,000 as of December 31, 2023[59] - The total borrowings of the group as of December 31, 2024, were approximately HKD 60,740,000, down from HKD 65,033,000 in 2023, with a debt-to-equity ratio of 0.25[59] Strategic Initiatives - The company strategically focused on technological advancements in cloud computing, Web 3.0, and AI to meet evolving customer needs[14] - The company acquired Popsible Limited, which provides IT and public relations services aligned with customer strategic goals, broadening revenue sources[14] - The company aims to leverage resources more efficiently across its subsidiaries following the acquisition[14] - The company has established a joint venture to promote sustainable changes in the ESG sector in Dubai[15] - A strategic partnership was formed with Masary Capital in September 2024 to promote AI predictive solutions in the Gulf Cooperation Council region[34] - The group plans to leverage technological advancements and the growing demand for digital transformation across industries, focusing on AI, cybersecurity, and machine learning for future growth[47] - The group aims to diversify revenue sources and reduce risks associated with domestic market fluctuations by expanding into potential international markets like the UAE through localized AI solutions and blockchain partnerships[48] Audit and Compliance - The independent auditor expressed a qualified opinion due to insufficient audit evidence regarding the service agreements[19] - The company has implemented remedial measures to address internal control deficiencies identified during the audit process[24] - The management has made efforts to provide all available information for the audit, but was unable to supply all requested documents[23] - The audit committee has agreed with management's position regarding the audit qualification, which will be fully removed from the financial statements for the year ending December 31, 2025[28] - The Audit Committee confirmed that the financial statements for the year accurately reflect the company's performance and comply with applicable standards[200] Market Conditions - The global AI market grew by over USD 184 billion in 2024, a significant increase of nearly USD 50 billion from 2023, indicating strong demand for innovative solutions[14] - The geopolitical tensions and economic challenges in 2024 are expected to impact the global market, prompting the company to adopt a cautious approach[15] - The company is focusing on risk management and exploring potential acquisitions to enhance its artificial intelligence and IT business amidst geopolitical and macroeconomic challenges[29] Share Capital and Stock Options - The company plans to issue 12,353,000 subscription shares at HKD 6.31 each, representing approximately 16.86% of the existing issued share capital[37] - The expected total proceeds from the subscription are approximately HKD 77,950,000, with net proceeds of about HKD 77,750,000 allocated for operational funding in the UAE and Hong Kong[39] - The company has granted a total of 23,900,000 stock options on May 13, 2021, and an additional 16,360,000 stock options on June 16, 2022, under the 2012 Stock Option Plan[111] - The 2012 Stock Option Plan allows for a maximum of 34,314,132 stock options to be granted, equivalent to 10% of the total shares issued as of November 5, 2021[114] - The company has granted a total of 4,102,775 stock options, with 3,835,213 options remaining unexercised as of the report date[122] - A total of 1,568,000 stock options have been granted under the 2023 stock option plan, which allows for a maximum of 6,176,523 options to be issued[125] - The exercise price for stock options granted in 2021 was HKD 2.19, while options granted in 2022 had an exercise price of HKD 1.40[121] Corporate Governance - The company is committed to maintaining high standards of business ethics and corporate governance[157] - The company has complied with the corporate governance code as per GEM listing rules, except for the separation of roles between the chairman and CEO[155] - The board consists of eight directors, including three executive directors, two non-executive directors, and three independent non-executive directors[159] - The board has established a written remuneration committee in compliance with GEM listing rules[178] - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM listing rules[163] - The company has arranged appropriate liability insurance for directors to cover liabilities arising from company activities[176] Employee and Diversity Initiatives - The total employee benefits expenses for the year ended December 31, 2024, were approximately HKD 24,216,000, compared to HKD 21,744,000 in 2023[68] - The group employed 70 staff as of December 31, 2024, an increase from 61 in 2023[68] - The company successfully attracted female talent in the traditionally male-dominated IT industry, achieving a gender diversity ratio of 54% female to 46% male among employees[192] - The company is committed to maintaining gender diversity in hiring practices and aims to recruit more female talent[193] - The board diversity analysis as of December 31, 2024, indicates a balanced representation across different age groups and genders[189] Events and Future Outlook - The company is considering a potential dual listing on the Abu Dhabi Securities Exchange (ADX) or the Dubai Financial Market (DFM) to leverage opportunities in the UAE market[15] - The company has not had any directors waive their remuneration for the year ending December 31, 2024[110] - There were no significant violations or non-compliance with applicable laws and regulations during the year[144] - The company has not made any charitable donations during the year ending December 31, 2024[147] - There are no significant post-reporting period events disclosed in the annual report[153]

Financial Performance - For the six months ended June 30, 2024, the revenue was approximately HKD 20,068,000, a decrease of 50.3% compared to HKD 40,365,000 in the same period last year[7]. - The loss attributable to owners of the company for the six months ended June 30, 2024, was approximately HKD 7,686,000, an increase from HKD 3,785,000 in the previous year, primarily due to the sale of a subsidiary generating HKD 8,756,000 in 2023[7]. - The loss per share from continuing operations for the six months ended June 30, 2024, was approximately HKD 0.1244, compared to HKD 0.0672 in the previous year[7]. - The company recorded revenue of approximately HKD 20,068,000 for the six months ended June 30, 2024, a decrease of 50.3% compared to HKD 40,365,000 in the same period last year[20]. - The gross profit for the first half of 2024 was approximately HKD 10,642,000, a decrease of 15.8% from HKD 12,640,000 in the same period last year[20]. - The company reported a loss attributable to equity holders of approximately HKD 7,686,000 for the six months ended June 30, 2024, compared to a loss of HKD 3,785,000 in the previous year[22]. - The company reported a pre-tax loss of HKD 1,347 thousand for the six months ended June 30, 2024, compared to a pre-tax loss of HKD 3,883 thousand in the same period last year[63]. - The company generated HKD 14,202 thousand in revenue from Hong Kong, down from HKD 37,102 thousand in the previous year[57]. Dividends and Shareholder Returns - The board of directors did not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous year[7]. - The board does not recommend any interim dividend for the six months ending June 30, 2024, consistent with the previous year[158]. Risk Management and Strategy - The company has been focusing on prudent risk management to solidify and expand its artificial intelligence and other IT businesses amid geopolitical changes and macroeconomic volatility[9]. - The company is seeking potential acquisitions to achieve synergies without significantly impacting cash flow and resources[9]. - The audit committee and board have reviewed internal controls and implemented remedial measures to address previous audit reservations[8]. - The board is responsible for maintaining effective internal controls and risk management systems to protect shareholder investments[157]. Acquisitions and Joint Ventures - In January 2024, the company entered into a joint venture agreement to establish a joint venture aimed at promoting sustainable changes in the ESG sector, focusing on tokenization of carbon credits in the UAE[10]. - The joint venture has not commenced operations as of the report date[10]. - Gold Unity Limited acquired 100% equity of Popsible Limited for HKD 11,500,000, issuing 11,500,000 shares at HKD 1.00 each as payment[11]. - The company decided to terminate the proposed acquisition of Autostereoscopic 3D Limited due to unsatisfactory due diligence results, effective July 11, 2024[17]. - The proposed acquisition of Autostereoscopic 3D Limited was valued at HKD 100,000,000, to be settled through HKD 75,985,677.28 in promissory notes and the issuance of 11,117,742 shares[147]. - The acquisition was unilaterally terminated on July 11, 2024, with no further interests held by Marvion Group or Dr. Li in the 3,335,323 shares[147]. Employee and Administrative Expenses - The company employed a total of 58 full-time employees as of June 30, 2024, with total employee benefit expenses of approximately HKD 10,391,000 for the six months ended June 30, 2024, compared to HKD 8,509,000 in the previous year[19]. - The company’s administrative expenses for the first half of 2024 were approximately HKD 17,392,000, a decrease of 7.2% from HKD 18,748,000 in the previous year[20]. Assets and Liabilities - The total borrowings of the company as of June 30, 2024, were approximately HKD 64,034,000, slightly down from HKD 65,033,000 as of December 31, 2023[22]. - Non-current assets decreased from HKD 274,932 thousand to HKD 265,044 thousand, a decline of approximately 3.4%[31]. - Current assets decreased from HKD 74,952 thousand to HKD 69,440 thousand, a decline of approximately 7.4%[31]. - Total liabilities decreased from HKD 66,563 thousand to HKD 61,676 thousand, a decline of approximately 7.4%[31]. - The company’s total assets decreased from HKD 283,321 thousand to HKD 272,808 thousand, a decline of approximately 3.6%[32]. - The company’s cash and bank balances were approximately HKD 11,436,000 as of June 30, 2024, compared to HKD 11,595,000 as of December 31, 2023[21]. - The cash and cash equivalents at the end of the period were HKD 11,436 thousand, down from HKD 17,536 thousand[46]. - Trade receivables slightly decreased from HKD 15,584 thousand to HKD 15,483 thousand, a decline of approximately 0.7%[31]. - Trade payables as of June 30, 2024, were HKD 1,946,000, a decrease from HKD 3,455,000 as of December 31, 2023, indicating a reduction of approximately 43.7%[76]. - The company’s bank loans secured against investment properties amounted to HKD 39,216,000 as of June 30, 2024, down from HKD 43,460,000 as of December 31, 2023, indicating a decrease of approximately 9.5%[77]. Compliance and Governance - The company has complied with the GEM Listing Rules corporate governance code, except for the combined roles of the Chairman and CEO[150]. - The audit committee consists of three independent non-executive directors, ensuring oversight of financial reporting and compliance[155]. - The audit committee reviewed the unaudited interim financial statements for the six months ending June 30, 2024, confirming compliance with applicable standards[153]. - There were no significant events after the reporting period that require disclosure[159]. Stock Options and Shareholder Interests - The company has a total of 73,265,237 ordinary shares issued, with significant shareholdings by directors including Huang Jingzhao holding approximately 0.87% and Li Shiyong holding approximately 0.27%[109]. - The company has the authority to issue up to 6,176,523 shares under the 2023 share option plan, representing 10% of the issued shares as of the report date[135]. - The maximum number of share options that can be granted to each participant under the 2023 share option plan is capped at 1% of the issued shares as of the grant date[137]. - The share options granted do not have any performance targets associated with them[143]. - The company aims to attract and retain top talent through the 2012 Stock Option Plan, rewarding contributions to the group's growth[113]. - The company has no significant contracts with directors that would require compensation upon termination within one year, excluding statutory compensation[106]. - No rights were granted to directors or their immediate family members to acquire shares or debt securities of the company during the six months ending June 30, 2024[111]. - The company has not participated in any arrangements that would allow directors to acquire rights in any other corporate entities[111].

Financial Performance - For the six months ended June 30, 2024, the revenue was approximately HKD 20,068,000, a decrease of 50.3% compared to HKD 40,365,000 for the same period last year[7] - The loss attributable to owners of the company for the six months ended June 30, 2024, was approximately HKD 7,686,000, an increase from HKD 3,785,000 in the previous year, primarily due to the gain from the sale of a subsidiary in 2023 amounting to HKD 8,756,000[7] - The loss per share attributable to owners from continuing operations for the six months ended June 30, 2024, was approximately HKD 0.1244, compared to HKD 0.0672 for the same period last year[7] - The company recorded revenue of approximately HKD 20,068,000 for the six months ended June 30, 2024, a decrease of 50.3% compared to HKD 40,365,000 in the same period last year[20] - The company reported a pre-tax loss of HKD 7,853,000 for the six months ended June 30, 2024, compared to a loss of HKD 4,661,000 in the same period of 2023[64] - For the six months ended June 30, 2024, the company reported a loss attributable to owners of HKD 7,686,000, compared to a loss of HKD 3,785,000 for the same period in 2023, representing an increase in loss of approximately 103.5%[66] Dividends and Shareholder Returns - The board of directors did not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous year[7] - The board does not recommend any interim dividend for the six months ending June 30, 2024, consistent with the previous year[158] Internal Controls and Governance - The company has implemented remedial measures to address deficiencies in internal controls following the independent auditor's report expressing a qualified opinion for the fiscal year ended December 31, 2023[8] - The board is responsible for maintaining effective internal controls and risk management systems to protect shareholder investments[157] - The audit committee reviewed the unaudited condensed consolidated interim financial statements for the six months ending June 30, 2024, confirming compliance with applicable standards[153] - The company has complied with the GEM Listing Rules corporate governance code, except for the combined roles of the Chairman and CEO[150] Revenue Breakdown - Revenue for Wan Gao Xun Ke was approximately HKD 11,471,000, a decrease of 30.4% compared to HKD 16,477,000 in 2023, primarily due to a reduction in hardware and software transactions[14] - Revenue for Shu Li Fang was approximately HKD 2,477,000, a significant decrease of 85.7% from HKD 17,278,000 in 2023, as the focus remained on collaboration with a public transport company[14] - Revenue from computer hardware and software sales was HKD 6,835,000, down 41.5% from HKD 11,613,000 in the previous year[60] - Revenue from technical support and maintenance services was HKD 7,664,000, a decline of 68.2% from HKD 24,071,000 in the prior year[60] - Revenue from Hong Kong was HKD 14,202,000, down 61.8% from HKD 37,102,000 in the previous year[57] - Revenue from regions outside Hong Kong was HKD 5,866,000, an increase of 79.8% from HKD 3,263,000 in the prior year[57] Assets and Liabilities - The total assets of the company as of June 30, 2024, were HKD 334,484,000, compared to HKD 349,884,000 as of June 30, 2023[56] - The total liabilities decreased to HKD 61,676,000 from HKD 66,563,000, reflecting a reduction of 7.5%[31] - The company's total equity as of June 30, 2024, was HKD 247,962,000, down from HKD 260,940,000, indicating a decline of 4.9%[32] - The total borrowings of the company as of June 30, 2024, were approximately HKD 64,034,000, slightly down from HKD 65,033,000 as of December 31, 2023[22] - The company had cash and bank balances of approximately HKD 11,436,000 as of June 30, 2024, compared to HKD 11,595,000 as of December 31, 2023[21] - The company reported a significant increase in inventory, which rose to HKD 465,000 from HKD 121,000, marking a substantial increase of 284.3%[31] Strategic Initiatives - The company focused on risk management to solidify and expand its AI and IT businesses amid geopolitical changes and macroeconomic fluctuations[9] - The company established a joint venture in January 2024 with Kilimanjaro Energy Group and Marvion Inc. to promote sustainable changes in the ESG sector, including the tokenization of carbon credits in the UAE[10] - The company is actively seeking business opportunities and partnerships with IT experts to enhance its existing operations and expand into potential markets in Hong Kong and beyond[15] - The company has begun collaborating with business partners in Dubai to tap into the significant potential market created by the UAE's shift towards a knowledge-based economy[15] - The AI Booster solution includes a simplified AI logistics and CRM system aimed at small and medium enterprises lacking AI expertise, providing end-to-end ecosystem solutions[14] - The company is committed to strengthening its existing AI business and exploring various business opportunities to create greater value for shareholders[15] Stock Options and Share Capital - The number of unexercised stock options as of June 30, 2024, is 5,440,775, with a weighted average exercise price of HKD 2.32[100] - The company has adopted a new stock option plan effective from May 15, 2023, which will remain valid for 10 years unless revoked or amended[96] - The total issued and paid-up ordinary shares remained at 61,765,237 as of both December 31, 2023, and June 30, 2024[81] - The company has the authority to issue up to 6,176,523 shares under the 2023 share option plan, representing 10% of the issued shares as of the report date[135] - A total of 1,568,000 share options were granted to certain directors and employees at an exercise price of HKD 3.42 per share on August 10, 2023[135] - The maximum number of share options that can be granted to each participant under the 2023 share option plan is capped at 1% of the issued shares as of the grant date[137] Acquisitions and Terminations - The acquisition of 100% equity in Popsible Limited was completed for a consideration of HKD 11,500,000, with 11,500,000 shares issued at HKD 1.00 each[11] - The company unilaterally terminated the proposed acquisition of Autostereoscopic 3D Limited due to unsatisfactory due diligence results, effective July 11, 2024[17] - The proposed acquisition of Autostereoscopic 3D Limited was valued at HKD 100,000,000, to be settled through HKD 75,985,677.28 in promissory notes and the issuance of 11,117,742 shares[147] - The acquisition was unilaterally terminated on July 11, 2024, with no further interests held by Marvion Group or Dr. Li in the 3,335,323 shares[147] Other Financial Information - The company did not incur any capital expenditure for property, plant, and equipment during the first half of 2024, compared to approximately HKD 638,000 in the previous year[23] - The company did not generate any taxable profits from China during the six months ended June 30, 2024, and therefore did not make any provision for corporate income tax in China, consistent with the previous year[65] - The company has not reported any new product launches or significant market expansions during this period[33] - There were no significant events after the reporting period, aside from those disclosed in the report[159]