Financial Performance - Revenue from the footwear business increased significantly by 441.1% from approximately HKD 5,600,000 in 2021 to about HKD 30,300,000 in 2022, with losses reduced from HKD 4,900,000 to approximately HKD 1,300,000[8] - Revenue from the loan brokerage and credit assessment segment decreased by 71.1% from approximately HKD 3,800,000 in 2021 to about HKD 1,100,000 in 2022, resulting in a loss of approximately HKD 500,000[9] - The company recorded revenue of approximately HKD 31,400,000 for the year ended December 31, 2022, an increase of approximately 237.6% compared to HKD 9,300,000 in 2021[19] - The footwear and apparel segment generated revenue of approximately HKD 30,300,000 in 2022, up from approximately HKD 5,600,000 in 2021, due to operations in Hong Kong and Canada[20] - The cost of goods sold was approximately HKD 27,500,000 in 2022, significantly higher than approximately HKD 5,200,000 in 2021[22] - The company reported a net loss of approximately HKD 5,300,000 for the year, down from approximately HKD 14,900,000 in 2021[30] Business Strategy and Expansion - The company plans to explore the North American footwear market, starting with a boutique store in Vancouver[9] - The company aims to expand its footwear trade to online platforms while maintaining its fashion footwear and sportswear products in Hong Kong[9] - The company intends to seek partnerships with more local and overseas businesses to expand its retail operations[9] - The company has diversified its footwear business by selling branded products in both Hong Kong and Canada since early 2022[14] - A new company was established in 2022 to facilitate operations in Vancouver, Canada[14] - The company will maintain its operational scale and retail network in 2023 while regularly reviewing the North American market conditions[14] - The company plans to expand its brand portfolio and product categories to increase consumer reach and explore online platform opportunities[15] Financial Position and Liquidity - As of December 31, 2022, the total borrowings amounted to approximately HKD 14,500,000, compared to approximately HKD 9,300,000 in 2021, with a debt-to-asset ratio of 49.0%[32] - The company maintained a cash balance of approximately HKD 2,000,000 as of December 31, 2022, down from approximately HKD 3,500,000 in 2021[32] - Employee benefit expenses decreased from approximately HKD 13,300,000 in 2021 to approximately HKD 3,100,000 in 2022 due to cost-cutting measures[26] - The company’s current ratio improved to approximately 1.7 times as of December 31, 2022, compared to approximately 0.8 times in 2021[32] - The liquidity risk faced by the group is slight, as most financial assets and liabilities are due within one year, supported by existing shareholder funds and internal cash flows[59] Share Capital and Financing - The company completed a placement of 120,384,000 new shares at a price of HKD 0.0200 per share, raising approximately HKD 2.3 million net of expenses[35] - Following the placement, the total issued share capital increased from 601,920,000 shares to 722,304,000 shares, representing a 20% increase prior to the placement completion and approximately 16.67% post-completion[35] - The net proceeds from the 2021 and 2022 placements were approximately HKD 10.3 million and HKD 2.3 million, respectively, with specific allocations for business operations and working capital[47][50] Governance and Compliance - The company has complied with all relevant laws and regulations applicable to its business operations[60] - The group has complied with all applicable code provisions of the corporate governance code, except for certain deviations due to member availability[138] - The company has established a risk management committee to monitor sanction risks and implement internal control procedures[126] - The board has adopted the GEM Listing Rules regarding the standards of conduct for securities trading by directors, confirming compliance for the year ending December 31, 2022[147] - The company has established specific committees to oversee various aspects of governance, including the audit, remuneration, nomination, and risk management committees[161] Risk Management - The company established an enterprise risk management framework in 2016, based on the COSO framework, to effectively manage risks[187] - The risk register is updated at least annually to reflect new risks or remove existing ones, ensuring proactive risk management[188] - The company has a "three lines of defense" governance structure for operational management and risk control[188] Employee and Stakeholder Relations - The management expresses gratitude to employees and stakeholders for their support and contributions during the year[10] - The company employed a total of 16 staff as of December 31, 2022, an increase from 12 in the previous year, primarily due to expansion in retail operations[55] - The company encourages feedback from investors and the public to strengthen relationships[195] Corporate Social Responsibility - The group did not make any charitable donations during the year, maintaining a consistent stance from the previous year[78] - The company has a whistleblowing and anti-corruption policy in place to handle employee complaints and feedback[198] Shareholder Engagement - The company has implemented a communication policy to enhance engagement with shareholders and investors, with a dedicated website for information dissemination[191] - Shareholders holding at least 10% of the paid-up capital can request a special general meeting within two months of the request[190] - The board will continue to review the effectiveness of the shareholder communication policy at least annually[195] Board Composition and Diversity - The board consists of 5 executive directors and 7 non-executive directors, ensuring a diverse governance structure[150][151] - The company aims to appoint an additional director of a different gender by December 31, 2024, to further improve board diversity[175] Audit and Financial Oversight - The audit committee reviewed the financial statements for the quarter ending March 31, 2022, and confirmed compliance with applicable accounting standards and GEM listing rules[163] - The audit committee held 4 meetings during the year ending December 31, 2022[164]

JIMU GROUP LIMITED 積 木 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8187） 全 年 業 績 公 告 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 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買賣的證券可能會承受較於聯 交所主板買賣的證券為高的市場波動風險，同時亦無法保證在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公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內 容而產生或依賴該等內容而引致的任何損失承擔任何責任。 本公告乃遵照聯交所GEM證劵上市規則（「GEM上市規則」）規定提供有關積木 集團有限公司（「本公司」）資料的詳情，本公司董事（「董事」）就本公告共同及個 別地承擔全部責任。董事在作出一切合理查詢後確認，就彼等所深 ...

JIMU GROUP LIMITED 積木集團有限公 司 （股份代號：8187） （於開曼群島註冊成立的有限公司） 中 期 報 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供的市場，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買賣的證券可能會承受較於主板買賣的證券為高的 市場波動風險，同時亦無法保證在GEM買賣的證券會有高流通量的市場。 簡明綜合損益及其他全面收益表 截至二零二二年六月三十日止六個月 | | | 截至六月三十日止三個月 | | 截至六月三十日止六個月 | | | --- | --- | --- | --- | --- | --- | | | 附註 | 二零二二年 | 二零二一年 | 二零二二年 | 二零二一年 | | | | 千港元 | 千港元 | 千港元 | 千港元 | | | | （未經審核） | （未經審核） | （未經審核） | （未經審核） | | 來自貨品及服務的收益 | 4 | 9,234 | 3 ...

第一季度報告 2 0 2 2 2 0 2 2 香港聯合交易所有限公司（「聯交所」）GEM的特色 目錄 | 未經審核簡明綜合損益及其他全面收益表 | 3 | | --- | --- | | 未經審核簡明綜合權益變動表 | 4 | | 未經審核簡明綜合財務報表附註 | 5 | | 管理層討論及分析 | 11 | | 其他資料 | 13 | 積木集團有限公司 | 二零二二年第一季度報告 02 FIRST QUARTERLY REPORT GEM的定位，乃為中小型公司提供的市場，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買賣的證券可能會承受較於聯交所主板買賣的 證券為高的市場波動風險，同時亦無法保證在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報告全部或任何部分內容而產生或依賴該等內容而引致 的任何損失承擔任何責任。 本報告乃遵照聯交所GEM證劵上市規則（「GEM上 ...

Revenue Performance - Revenue from goods and services for the three months ended March 31, 2019, was HKD 32,378,000, a decrease of 11.5% compared to HKD 36,743,000 in the same period of 2018[6] - For the three months ended March 31, 2019, total revenue was HKD 32,378,000, a decrease from HKD 36,743,000 for the same period in 2018, representing a decline of approximately 11.5%[20] - The group's revenue decreased by approximately 11.9% from about HKD 36,700,000 for the three months ended March 31, 2018, to about HKD 32,400,000 for the three months ended March 31, 2019, primarily due to a significant decline in the footwear business segment[41] Business Segments - The footwear business generated revenue of HKD 14,620,000, down from HKD 36,743,000 in the previous year, indicating a significant decrease of approximately 60%[23] - The footwear business segment recorded a loss of approximately HKD 3,300,000 for the three months ended March 31, 2019, an increase of about 32.1% compared to a loss of approximately HKD 2,500,000 in the same period of 2018[44] - The loan brokerage service contributed HKD 17,758,000 in revenue, which was not present in the previous year, marking a new revenue stream for the company[23] - The loan brokerage service segment contributed revenue of approximately HKD 17,800,000 for the three months ended March 31, 2019, following its launch in April 2018[41] - The group established over 40 branches in various regions of China to provide loan brokerage services, focusing on individual clients in third and fourth-tier cities[39] - The group plans to invest more resources into the loan brokerage business, including expanding geographic coverage and target customer base, with Sichuan Province identified as the next focus area[39] Financial Losses and Expenses - The company reported a pre-tax loss of HKD 4,552,000, slightly improved from a loss of HKD 4,835,000 in the previous year[6] - The total comprehensive loss for the period was HKD 4,396,000, compared to HKD 4,870,000 in the same period last year, indicating a reduction in losses[6] - Basic loss per share improved to HKD 0.93 from HKD 1.01 year-on-year, reflecting a 7.9% decrease in loss per share[6] - Employee benefit expenses rose significantly to HKD 19,321,000 from HKD 5,002,000, marking an increase of 286.5%[6] - Employee costs for the period amounted to HKD 19,321,000, significantly higher than HKD 5,002,000 in the previous year, reflecting an increase in operational expenses[27] Other Income and Financial Adjustments - Other income increased significantly to HKD 3,037,000 from HKD 262,000 year-on-year, representing an increase of 1,058.4%[6] - Other income increased approximately tenfold from about HKD 300,000 in the same period of 2018 to about HKD 3,000,000 for the three months ended March 31, 2019, mainly due to commission income and government subsidies[43] - The deferred tax expense for the three months ended March 31, 2019, was HKD 99,000, with no current tax expense reported for both periods[25] Accounting Standards and Compliance - The company has adopted new accounting standards, including HKFRS 16, which may impact future financial reporting[10] - The implementation of HKFRS 16 has led to the recognition of right-of-use assets and lease liabilities based on the present value of future lease payments[17] - The company has chosen to apply the straight-line method for recognizing lease expenses for short-term leases and low-value asset leases[16] - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ending March 31, 2019, ensuring compliance with applicable accounting standards[56] Shareholder Information - As of March 31, 2019, Mr. He Jianwei holds 9,600,000 ordinary shares, representing 2% of the company's total shares[47] - Mr. Dong Jun holds 23,722,804 shares in Jimu Holdings Limited, accounting for 32.95% of the company[48] - Jimu Group Holdings Limited owns 350,400,000 shares, which is 73% of the company's total shares[50] - The company did not repurchase any shares during the period ending March 31, 2019[53] Future Outlook - The group anticipates 2019 to be a challenging year due to continued economic weakness, which may lead to more cautious lending behavior[40] - The group aims to enhance its business model and long-term viability in the footwear segment to create greater value for shareholders[36] Post-Reporting Events - No significant post-reporting date events occurred after March 31, 2019[58]

Business Performance - The company has established over 40 branches in various regions of China since April 2018, achieving profitability in the loan brokerage segment[12]. - The footwear business segment recorded a loss for the year, prompting management to evaluate the long-term viability of the current business model[14]. - The company is optimistic about the future development of its loan brokerage business and plans to allocate more resources when appropriate[12]. - The footwear business revenue decreased by 48.0% from approximately HKD 236,700,000 in 2017 to about HKD 123,100,000 in 2018, primarily due to global economic uncertainties[23]. - The loan brokerage service contributed approximately HKD 96,200,000 in revenue in 2018, marking a significant entry into the market since its launch in April 2018[25]. - In 2018, the company recorded revenue of approximately HKD 219,400,000, a slight decrease of 7.3% compared to HKD 236,700,000 in 2017[21]. - The company reported a loss of approximately HKD 4,000,000 in 2018, an improvement from a loss of HKD 9,000,000 in 2017[33]. - The loan brokerage service division achieved a profit of approximately HKD 24,300,000 in 2018, driven by strong demand and foundational work laid in previous months[33]. Economic Environment - The global economic environment remains challenging due to factors such as Brexit and the US-China trade war, impacting customer confidence and profit margins in the footwear industry[14]. - The company expects 2019 to be a challenging year due to ongoing economic weakness, but remains optimistic about opportunities arising from government support for financial services in rural areas[20]. - Cost control measures are being implemented to navigate the anticipated challenges in 2019[12]. Employee and Operational Changes - Employee benefits expenses increased from approximately HKD 20,900,000 in 2017 to about HKD 77,700,000 in 2018, mainly due to an increase in staff for the loan brokerage business[28]. - The total number of employees increased from approximately 70 to about 750, primarily due to the launch of loan brokerage services in April 2018[46]. - The company has been actively recruiting experienced footwear technicians to better understand customer requirements and standards[69]. Financial Position - Total borrowings as of December 31, 2018, were approximately HKD 17,400,000, down from HKD 31,300,000 in 2017[34]. - The current ratio as of December 31, 2018, was approximately 1.8, compared to 1.5 in 2017, indicating improved liquidity[34]. - As of December 31, 2018, the group's net current assets were approximately HKD 48.9 million, an increase from HKD 38.9 million in 2017[35]. - Other income increased from approximately HKD 3,000,000 in 2017 to about HKD 4,500,000 in 2018, primarily due to an increase in commission income[27]. - The group's pledged bank deposits amounted to approximately HKD 100,000, a significant decrease from HKD 15.2 million in 2017[36]. - Trade receivables were approximately HKD 3.6 million, down from HKD 10.6 million in 2017[36]. Corporate Governance - The company has adopted the corporate governance code as per the GEM Listing Rules and has complied with all applicable code provisions, except for a few deviations[155]. - The board of directors includes a mix of executive, non-executive, and independent non-executive directors, ensuring diverse governance[163]. - The company has established a risk management committee to monitor and assess risks related to sanctions, ensuring compliance with international regulations[139]. - The company has a remuneration committee to review the compensation policy for directors and senior management based on performance and market standards[142]. - The audit committee consists of four members, all of whom are independent non-executive directors, ensuring impartial oversight of financial reporting[171]. - The board has established specific committees to oversee various aspects of the company's affairs, ensuring adequate resources are provided for their responsibilities[169]. Strategic Decisions and Future Plans - The company is continuously evaluating its business objectives and may revise plans based on market conditions[80]. - The company has engaged in a strategic decision to allocate approximately HKD 3,000,000 from the net proceeds of a placement for the purchase of two vehicles in Hong Kong[82]. - The company has not been able to identify suitable licenses, resulting in a remaining balance of HKD 21.9 million from the planned expenditures[79]. - The company has established a three-year service agreement for its executive directors, which can be terminated with a three-month notice[160]. Shareholder Information - The board does not recommend the payment of a final dividend for the year ended December 31, 2018, consistent with the previous year[89]. - Jimu Group Holdings Limited holds a beneficial interest in 350,400,000 shares, representing 73% of the company's equity[119]. - The company has no provisions for preemptive rights for existing shareholders to purchase new shares according to its articles of association or Cayman Islands law[111]. Risk Management - The company has implemented a corporate governance framework to ensure effective internal controls and risk management, based on the COSO framework[197]. - The effectiveness of the risk management framework is evaluated at least once a year, with regular management meetings to update on risk monitoring activities[199]. - The company currently does not have an internal audit function, opting for external independent professionals to fulfill this role due to cost-effectiveness considerations[200].