Financial Performance - Legendary Group Limited reported its third-quarter performance for 2021, with a focus on financial metrics and operational highlights[11]. - Revenue for the three months ended December 31, 2021, was HK$32,606,000, a decrease of 4.0% from HK$33,969,000 in the same period of 2020[14]. - Profit before taxation for the three months ended December 31, 2021, was HK$14,542,000, down 32.4% from HK$21,513,000 in the same period of 2020[14]. - Profit and total comprehensive income for the period attributable to owners of the Company was HK$12,160,000, compared to HK$17,817,000 in the same period of 2020, representing a decrease of 31.5%[15]. - Basic earnings per share for the three months ended December 31, 2021, was HK$3.39, down from HK$6.83 in the same period of 2020[15]. - Revenue for the nine months ended December 31, 2021, increased to HK$84,100,000, up 14.5% from HK$73,466,000 in the same period of 2020[14]. - Profit before taxation for the nine months ended December 31, 2021, was HK$35,884,000, a slight decrease of 4.1% from HK$37,409,000 in the same period of 2020[14]. - The total comprehensive income for the nine months ended December 31, 2021, was HK$30,164,000, compared to HK$30,926,000 in the same period of 2020, indicating a slight decrease of 2.5%[15]. - The Group reported other income of HK$4,147,000 for the three months ended December 31, 2021, significantly higher than HK$229,000 in the same period of 2020[14]. - Administrative expenses for the three months ended December 31, 2021, increased to HK$12,031,000, compared to HK$4,533,000 in the same period of 2020, reflecting a rise of 165.5%[14]. - The Group's finance costs for the three months ended December 31, 2021, were HK$462,000, down from HK$668,000 in the same period of 2020, a decrease of 30.9%[14]. Business Segments - The OEM Business segment generated substantial revenue, contributing to the overall performance of the company[42]. - The Retail Business segment, which includes sales under the company's own and high-end fashion brands, showed promising growth trends[42]. - The Money Lending Business continued to expand, providing loan services that supported the company's financial performance[42]. - The Financial Quotient and Investment Education Business is gaining traction, offering courses that enhance customer engagement and revenue streams[42]. - Revenue from garment products was HK$310,000, a significant decrease from HK$22,200,000 in the previous year[79]. - Tuition fees from financial quotient and education courses generated HK$81,463,000, up from HK$48,103,000, marking an increase of approximately 69.3%[79]. - The Money Lending Business reported interest income of approximately HK$2.2 million, representing a decrease of approximately 31.2% compared to the previous period[124]. - The Financial Quotient and Investment Education Business achieved revenue of approximately HK$81.5 million, an increase of over 69.4% compared to approximately HK$48.1 million for the corresponding period in 2020[126]. - The Wholesaling Business did not generate any revenue during the nine months ended 31 December 2021, primarily due to the impact of the coronavirus outbreak in Hong Kong[125]. Governance and Compliance - The company emphasized the importance of adhering to the GEM Listing Rules, ensuring the accuracy and completeness of the financial information provided[5]. - The audit committee is chaired by Mr. Chan Kim Fai Eddie, ensuring financial oversight and compliance[10]. - The company has made commitments to transparency and accountability in its financial reporting, as stated by the directors[5]. - The company has not adopted any new/revised HKFRSs that could significantly impact its financial position as of the reporting date[36]. - The third quarterly financial statements were prepared in accordance with HKFRSs, ensuring compliance with local regulations[33]. - The company confirmed compliance with the required standards of dealings in securities transactions by Directors[190]. - All Directors confirmed full compliance with the required standard of dealings during the nine months ended December 31, 2021[191]. - The company has complied with all applicable code provisions of the Corporate Governance Code, except for a deviation from code provision A.2.1 regarding the separation of the roles of chairman and CEO[197]. - The Audit Committee consists of three independent non-executive directors and has reviewed the financial statements, confirming compliance with applicable accounting standards and GEM Listing Rules[198]. Strategic Initiatives - The company is actively involved in property investment in the Asia Pacific region, which is a key focus for future growth[42]. - The Group plans to expand its customer base in the OEM Business by diversifying its service scope and acquiring new clients from the non-garment textile sector[123]. - The Group will continue to enhance its marketing strategy in the Retail Business to further expand its customer base[123]. - The Group aims to invest resources to expand market share and broaden its customer base in the Financial Quotient and Investment Education Business[138]. - The Group has been actively seeking potential investment opportunities to enhance shareholder value while focusing on developing existing businesses[138]. - The Group will continue to seek opportunities for asset appreciation and cash flow return in the property market within Hong Kong and the Asia-Pacific region[138]. Legal and Corporate Actions - The company faced a winding-up petition from shareholders holding over 3% of the issued shares, with a court ruling on October 18, 2021, that did not result in a winding-up order[109]. - The court allowed interested parties to file evidence opposing the winding-up petition by November 29, 2021[114]. - A provision of HK$1,735,000 was recognized for a legal claim related to a tenancy agreement breach, reflecting the company's assessment of probable economic outflow[106]. - The company is actively managing its legal challenges while pursuing strategic acquisitions to enhance its market position[106]. - The group disposed of an inactive subsidiary during the nine months ended December 31, 2021, resulting in a loss of approximately HK$1.9 million[153]. - On September 20, 2021, the group agreed to acquire 100% equity interest of KC Training Group for HK$9 million, to be settled through a combination of shares, cash, and assumption of liabilities[153]. Share Capital and Structure - The stock code for Legendary Group Limited is 8195, which is essential for trading and investment purposes[12]. - The company underwent a share consolidation on September 24, 2021, consolidating every five issued and unissued ordinary shares into one ordinary share, adjusting the par value accordingly[158]. - The company's authorized share capital is HKD 500,000,000, divided into 1,000,000,000,000 shares with a par value of HKD 0.0005 each[160]. - The company reported a significant increase in the weighted average number of ordinary shares due to share options exercised, impacting earnings per share calculations[102]. - A total of 127,992,000 share options were granted on March 26, 2021[172]. - The maximum number of shares for options granted cannot exceed 10% of the company's issued shares without shareholder approval[170]. - The number of shares that can be granted to any individual in a year is limited to 1% of the company's issued shares without shareholder approval[170]. - Share options must be exercised within 28 days of grant, with an exercise price determined by the Directors[172].

Financial Performance - The Group reported unaudited condensed consolidated results for the six months ended September 30, 2021, with comparative figures for the same period in 2020[15]. - Revenue for the three months ended September 30, 2021, was HK$20,965,000, a decrease of 30.1% compared to HK$30,122,000 in the same period of 2020[16]. - Profit before taxation for the six months ended September 30, 2021, was HK$21,342,000, compared to HK$15,896,000 in the same period of 2020, representing an increase of 34.5%[16]. - For the six months ended September 30, 2021, the profit for the period was HK$18,021,000, compared to HK$13,444,000 for the same period in 2020, representing an increase of approximately 34.5%[102]. - The total comprehensive income for the period ended September 30, 2021, was HK$18,021,000, compared to HK$13,444,000 for the same period in 2020[31]. - The company reported a total equity of HK$204,034,000 as of September 30, 2021, an increase from HK$63,088,000 as of September 30, 2020[31]. Revenue and Segments - Total revenue from external customers amounted to HK$51,498,000, with HK$49,908,000 from goods transferred at a point in time and HK$1,586,000 from other resources[67]. - For the six months ended 30 September 2021, total revenue was HK$51,494,000, an increase of 30.3% compared to HK$39,497,000 in the same period of 2020[89]. - Tuition fee revenue from financial quotient and education courses was HK$49,908,000, up 140.3% from HK$20,786,000 in 2020[89]. - Revenue from the OEM Business, Retail Business, and Wholesaling Business decreased to nil for the six months ended 30 September 2021 due to the outbreak of coronavirus in Hong Kong[198]. - The Financial Quotient and Investment Education Business generated revenue of approximately HK$49.9 million for the six months ended 30 September 2021, representing a substantial increase of approximately 140% compared to the same period in 2020[199]. Cash Flow and Assets - The net cash used in operating activities was HK$6,649,000, compared to HK$39,186,000 generated in the same period of 2020[32]. - Cash and cash equivalents decreased significantly to HK$10,487,000 as of September 30, 2021, from HK$72,944,000 as of March 31, 2021[20]. - Total assets less current liabilities as of September 30, 2021, amounted to HK$237,522,000, slightly down from HK$239,026,000 as of March 31, 2021[22]. - Consolidated total assets reached HK$314,481,000, while consolidated total liabilities were HK$110,447,000[70]. Strategic Initiatives - Future outlook suggests potential growth opportunities in emerging markets, with a focus on expanding the product line[15]. - The Group is investing in new product development and technology to enhance competitive advantage[15]. - Market expansion strategies are being evaluated to increase the Group's footprint in key regions[15]. - The Group is considering strategic acquisitions to bolster its market position and diversify offerings[15]. - The Group intends to invest resources to expand market share and broaden its customer base in the Financial Quotient and Investment Education Business[196]. Shareholder and Corporate Governance - The Board remains committed to transparency and accuracy in reporting financial performance and strategic initiatives[15]. - An interim dividend of HK$0.0075 per share was declared for 1,782,280,296 issued shares, totaling approximately HK$13,367,102.22 for the three months ended 30 June 2021, compared to no dividend in 2020[105]. - The company changed its name from L & A International Holdings Limited to Legendary Group Limited on August 31, 2021[36]. - The company issued 358,456,059 ordinary shares at HK$0.0005 each as of September 30, 2021, following a share consolidation[156]. Operational Efficiency - The financial statements include key performance indicators that reflect the Group's operational efficiency and market position[15]. - Ongoing assessment of operational strategies is aimed at improving overall performance and shareholder value[15]. - The company reported a significant bad debt recovery, which positively influenced the profit margins[75]. - The total employee benefits expenses for the six months ended September 30, 2021 amounted to HK$6,037,000, up from HK$2,843,000 in 2020, indicating a significant increase of approximately 112.5%[102]. Legal and Compliance Issues - A winding-up petition was filed by two shareholders holding over 3% of the Company's issued shares, with the High Court ordering the Company to be wound up on 1 November 2021[172]. - The Court has adjourned the winding-up petition until 9:30 a.m. on 9 December 2021 for a Case Management Conference, with a substantial hearing reserved for mid-2022[181].

Financial Performance - The Group reported unaudited condensed consolidated results for the six months ended September 30, 2021, with comparative figures for the same period in 2020[15]. - Revenue for the three months ended September 30, 2021, was HK$20,965,000, a decrease of 30.5% compared to HK$30,122,000 in 2020[16]. - Profit before taxation for the six months ended September 30, 2021, was HK$21,342,000, compared to HK$15,896,000 in 2020, reflecting a 34.5% increase[16]. - Basic earnings per share for the three months ended September 30, 2021, was HK$0.94, down from HK$4.85 in 2020, indicating a decline of 80.6%[18]. - The total comprehensive income for the period ended September 30, 2021, was HK$18,021,000, compared to HK$13,444,000 for the same period in 2020[31]. - For the six months ended September 30, 2021, profit for the period was HK$18,021,000, compared to HK$13,444,000 for the same period in 2020, representing an increase of approximately 34.5%[102]. Revenue and Segment Analysis - Total revenue from external customers amounted to HK$51,498,000, with HK$49,908,000 from goods transferred at a point in time and HK$1,586,000 from other resources[67]. - For the six months ended 30 September 2021, total revenue was HK$51,494,000, an increase of 30.3% compared to HK$39,497,000 in the same period of 2020[89]. - Tuition fee revenue from financial quotient and education courses was HK$49,908,000, up 140.3% from HK$20,786,000 in the previous year[89]. - Revenue from the OEM Business, Retail Business, and Wholesaling Business decreased to nil for the six months ended 30 September 2021 due to the outbreak of coronavirus in Hong Kong[198]. - The Financial Quotient and Investment Education Business generated revenue of approximately HK$49.9 million for the six months ended 30 September 2021, representing a substantial increase of approximately 140% compared to the same period in 2020[199]. Assets and Liabilities - Total assets less current liabilities as of September 30, 2021, amounted to HK$237,522,000, slightly down from HK$239,026,000 as of March 31, 2021[22]. - Non-current assets increased to HK$169,449,000 as of September 30, 2021, compared to HK$168,570,000 as of March 31, 2021[20]. - Consolidated total assets reached HK$314,481,000, while consolidated total liabilities were HK$110,447,000[70]. - Reportable segment liabilities totaled HK$63,622,000, with promissory note payables at HK$26,030,000[70]. Cash Flow and Investments - The net cash used in operating activities was HK$6,649,000, compared to HK$39,186,000 generated in the same period of 2020[32]. - The net cash used in investing activities for the six months ended September 30, 2021, was HK$1,176,000, a decrease from HK$10,129,000 generated in the same period of 2020[32]. - The net cash used in financing activities for the six months ended September 30, 2021, was HK$54,632,000, compared to HK$9,193,000 in 2020[34]. - The company reported a cash and cash equivalents balance of HK$10,487,000 at the end of the period, down from HK$42,252,000 at the end of the previous year[34]. Strategic Initiatives - Future outlook suggests potential growth opportunities in emerging markets, with a focus on expanding the product line[15]. - The Group is investing in new product development and technology to enhance competitive advantage[15]. - Market expansion strategies are being evaluated to increase the Group's footprint in key regions[15]. - The Group is considering strategic acquisitions to bolster its market position and diversify offerings[15]. - The company is exploring new strategies for market expansion and product development, although specific details were not disclosed in the interim report[92]. Corporate Governance and Compliance - The Board remains committed to transparency and accuracy in reporting financial performance and strategic initiatives[15]. - The Group's interim financial statements for the six months ended 30 September 2021 are prepared in accordance with the Hong Kong Financial Reporting Standards, with no significant effects on results or financial position[43]. - The company changed its name from L & A International Holdings Limited to Legendary Group Limited on August 31, 2021[36]. - A winding-up petition was filed by two shareholders holding over 3% of the Company's issued shares, with the High Court ordering the Company to be wound up on 1 November 2021[172]. Employee and Management Compensation - The total employee benefits expenses for the six months ended September 30, 2021 amounted to HK$6,037,000, up from HK$2,843,000 in 2020, indicating a significant increase of approximately 112.5%[102]. - Directors' remuneration for the six months ended September 30, 2021 totaled HK$825,000, an increase from HK$724,000 in 2020, representing an increase of approximately 14%[102]. - For the three months ended September 30, 2021, the total compensation for directors and key management personnel was HK$453,000, compared to HK$391,000 in the same period of 2020, reflecting an increase of approximately 15.9%[162].

Financial Performance - Revenue for the three months ended June 30, 2021, was HK$30,529,000, a significant increase of 226% compared to HK$9,375,000 in the same period of 2020[12]. - Profit before taxation for the period was HK$17,465,000, compared to HK$887,000 in the previous year, indicating a substantial growth[12]. - Total comprehensive income for the period attributable to owners of the Company was HK$14,803,000, up from HK$887,000 in 2020[14]. - Basic earnings per share for the period was 0.96 HK cents, compared to 0.08 HK cents in the same period last year[15]. - The Group's profit and total comprehensive income for the period was HK$14,803,000, a significant increase from HK$887,000 in 2020[12]. - For the three months ended June 30, 2021, the company reported a total comprehensive income of HK$177.761 million, compared to HK$174.019 million for the same period in the previous year, representing an increase of approximately 1.57%[140]. - The company's revenue for the three months ended June 30, 2021, was HK$96.988 million, reflecting a growth from HK$82.181 million in the previous year, which is an increase of about 18.5%[137]. - The company reported a profit for the period of HK$6,000,000, compared to a loss of HK$6,188,000 in the same period of 2020, indicating a turnaround in performance[169]. - Profit attributable to ordinary equity holders for the three months ended June 30, 2021, was HK$14,807,000, a significant increase from HK$1,037,000 in the same period of 2020, representing a growth of approximately 1,332%[177]. Cost Management - The cost of sales for the three months ended June 30, 2021, was HK$4,563,000, compared to HK$7,895,000 in 2020, reflecting improved cost management[12]. - Administrative expenses increased to HK$8,400,000 from HK$2,273,000 in the previous year, indicating higher operational costs[12]. - Finance costs for the period were HK$969,000, an increase from HK$339,000 in 2020, suggesting higher borrowing costs[12]. - The cost of inventories recognized as an expense was HK$2,900,000, compared to HK$7,742,000 in the previous year, showing a decrease of 63%[169]. - Total employee benefits expenses increased to HK$3,873,000, up from HK$1,262,000, reflecting a rise of 207% year-over-year[169]. - Depreciation of property, plant, and equipment increased to HK$862,000 from HK$35,000, indicating a significant rise in asset utilization[169]. Business Segments - The Group's revenue for the three months ended June 30, 2021, is segmented into various business lines, including OEM, Retail, Money Lending, Wholesaling, Financial Education, and Property Investment[149]. - The Group's various business segments include a mix of manufacturing, retailing, lending, and educational services, reflecting a diversified business model[149]. - The Group's financial education business provides courses aimed at enhancing customers' financial literacy and investment knowledge[149]. - The Property Investment Business focuses on investing in properties within the Asia Pacific region, contributing to the Group's overall revenue[149]. - The Money Lending Business generated interest income of approximately HK$1.0 million during the three months ended 30 June 2021[199]. - Revenue from major products and services is analyzed to assess the performance of each segment, with specific focus on sales generated by those segments[160]. Market Presence and Strategy - The Company continues to focus on expanding its market presence and enhancing operational efficiency to drive future growth[12]. - The company is focused on expanding its market presence through the provision of financial quotient and investment education courses, as well as property investment[146]. - The Group is actively seeking new customers and orders in the OEM Business segment despite a downturn in the garment sector of the consumer market[192]. - The company has not reported any significant changes in its operational strategies or new product developments during this quarter[147]. Dividends and Equity - The company’s annual dividend for the period was reported as HK$11.059 million, consistent with previous distributions[118]. - The interim dividend declared is HK$0.0075 per share, totaling approximately HK$13,367,102.22 based on 1,782,280,296 shares outstanding[172]. - The total equity of the company as of June 30, 2021, was HK$67.099 million, compared to HK$71.82 million as of April 1, 2021, indicating a decrease of approximately 6.6%[132]. - The weighted average number of ordinary shares in issue during the period increased to 1,673,976,000 from 1,280,000,000, reflecting a dilution effect due to share options[178]. Legal and Compliance - The Group recognized a provision of HK$1,735,000 related to a legal case, which is considered a reliable estimate for potential damages[186]. - The legal case regarding the tenancy agreement breach is still in progress, with no change in status as of June 30, 2021[189]. - The financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards (HKFRSs) and are presented in Hong Kong dollars (HK$)[146]. - The company did not adopt any new/revised HKFRSs that had significant effects on the results and financial position for the current period[147]. Other Income and Expenses - The Company reported other income of HK$878,000, compared to HK$1,771,000 in the previous year, indicating a decrease in additional income sources[12]. - Interest income from loan receivables increased to HK$974,000, up from HK$833,000, reflecting a growth of 17% year-over-year[164]. - The gain on fair value change on financial assets through profit or loss was HK$139,000, compared to no gain in the previous year[164]. - The company experienced a bad debt recovery of HK$139,000, a decrease from HK$6,860,000 in the previous year[164]. - Interest expenses on loans from Shareholders were nil for the three months ended June 30, 2021, down from HK$322,000 in the same period of 2020[184].

Business Segments - The Group's revenue is derived from six main business segments: OEM, Retail, Money Lending, Wholesaling, Financial Education, and Property Investment[27] - The OEM business includes product design, raw materials sourcing, manufacturing, and quality control management[27] - The Retail business focuses on cashmere apparel and accessories marketed under the Group's own and high-end fashion brands[27] - The Money Lending business provides financing to customers, generating interest income[27] - The Wholesaling business involves the distribution of seafood products[27] - The Financial Quotient and Investment Education business offers courses for tuition fees[27] - The Group's property investment business contributes to its overall revenue[27] Financial Performance - The Group's revenue increased from approximately HK$74.3 million for the year ended 31 March 2020 to approximately HK$96.5 million for the year ended 31 March 2021, representing an increase of approximately 29.9%[38] - Revenue from the OEM Business significantly decreased by approximately 40.8% to approximately HK$23.8 million for the year ended 31 March 2021 compared to the previous year[38] - Revenue from the Retail Business significantly decreased by approximately 94.8% to approximately HK$0.4 million for the year ended 31 March 2021 compared to the previous year[38] - The Money Lending Business generated interest income of approximately HK$4.1 million, representing an increase of approximately 57.5% compared to the last financial year[34] - The Financial Quotient and Investment Education Business generated revenue of approximately HK$68.1 million, representing an increase of approximately 21,730.1% compared to the last financial year[34] - The Group's cost of sales decreased by approximately 54.6% to approximately HK$30.2 million for the year ended 31 March 2021 compared to the previous year[42] - Selling and administrative expenses increased to approximately HK$29.2 million for the year ended 31 March 2021, up from HK$18.5 million in the previous year, representing an increase of approximately HK$10.7 million[44] - The profit for the year ended 31 March 2021 was approximately HK$40.4 million, compared to a loss of approximately HK$34.0 million for the year ended 31 March 2020[44] Strategic Initiatives - The Group aims to expand its retail network in Hong Kong for better market penetration[27] - The management is focused on enhancing the financial education offerings to attract more customers[27] - The Group aims to strengthen its customer base in the OEM Business and expects better control of costing with the implementation of the new operation model[35] - The Group will continue to monitor consumer behavior in the Retail Business and adjust its business plan as necessary due to the impact of the coronavirus outbreak[35] - The Group plans to expand its share in the financial quotient and investment education market and broaden its customer base[35] - The Group is seeking opportunities for asset appreciation and cash flow return in the property market within Hong Kong and the Asia-Pacific region[35] - The Group's management remains positive towards the long-term prospects of the Retail Business despite current uncertainties[35] Acquisitions and Disposals - The group disposed of an inactive subsidiary during the year, generating a gain of approximately HK$99,000[49] - The acquisition of Zone Galaxy Limited was completed for a consideration of HK$40 million, to be satisfied by the issuance of promissory notes[50] - Able Glorious agreed to acquire 70% equity interest in Prestige Concord Limited for HK$80,000,000, with HK$41,000,000 paid via promissory notes, HK$29,000,000 through liability assumption, and HK$10,000,000 in cash[52] - The acquisition was completed on 31 March 2021, making Prestige Concord Group a wholly owned subsidiary, focusing on financial quotient and investment experience-sharing seminars in Hong Kong[52] - As of 31 March 2021, there were no significant investments or material acquisitions or disposals of subsidiaries and affiliated companies during the year[53] Human Resources - The Group had approximately 60 employees as of 31 March 2021, an increase from 30 employees in 2020[59] - The Group offers competitive remuneration packages and various training courses to attract and retain high-quality staff[135] - The remuneration of Directors and senior management for the year ended March 31, 2021, included six individuals earning below HK$1,000,000[133] - The emoluments of Directors and senior management are reviewed by the Remuneration Committee based on the Group's operating results and market competitiveness[135] Corporate Governance - The Company has arranged appropriate directors' and officers' liability insurance coverage for its Directors and officers[109] - The Company has fully complied with all applicable provisions of the Corporate Governance Code for the year ended 31 March 2021, except for certain deviations[179] - The Board currently comprises eight members, including three executive Directors and four independent non-executive Directors[181] - The Audit Committee was established on September 25, 2014, and consists of 3 independent non-executive Directors[171] - The Company emphasizes the importance of internal control and risk management systems in its operations[193] Dividends - The Group declared an interim dividend of HK$0.0066 per share, totaling approximately HK$10,137,494.40 for the nine months ended 31 December 2020[94] - The Board recommended a final dividend of HK$0.0072 per share, totaling approximately HK$11,059,084.80 based on 1,535,984,000 issued shares as at 31 March 2021[98] - The final dividend will be paid in three installments of HK$3,532,763.20, HK$3,686,361.60, and HK$3,839,960.00 on 12 August 2021, 25 August 2021, and 24 September 2021 respectively[98] - The interim dividend was paid in three equal installments of HK$3,379,164.80 each on 23 April 2021, 25 May 2021, and 25 June 2021[94] Compliance and Relationships - The Group complied with relevant laws and regulations during the year ended 31 March 2021, with no material breaches reported[107] - The Group maintained good relationships with suppliers, customers, and stakeholders, with no significant disputes reported during the year[108] - No significant related party transactions were entered into during the year ended March 31, 2021, except for key management personnel compensation[162] Investments - The Group's investment performance for the year ended 31 March 2021 in respect of equity securities listed in Hong Kong and New York is detailed in the financial statements[69] - The Group recorded an unrealized fair value loss of approximately HK$0.3 million in respect of its investment in Ju Teng for the year ended March 31, 2021[73] - The fair value of investments as of April 1, 2020, was HK$7,850,000[71] - The management will continue to monitor the performance and share price of Ju Teng[73] Shareholder Information - As of March 31, 2021, Chan Lap Jin Kevin holds 154,644,000 shares, representing 10.07% of the company's issued shares[142] - Yuen Yu Sum has 10,000,000 share options granted on July 14, 2020, which accounts for 0.65% of the company's issued shares[145] - Chung Chin Kwan holds 4,872,000 shares and has an additional interest of 720,000 shares owned by his spouse, totaling 5,592,000 shares, or 0.37% of the company's issued shares[142] - Law Wing Chung owns 960,000 shares, which is 0.06% of the company's issued shares[142] - Strong Light owns 299,694,000 shares, representing 19.6% of the company's issued share capital[155] - Lau Lan Ying and Wong Kwan Mo each hold 249,994,000 shares, accounting for 16.3% of the company's issued share capital[156] - The company did not purchase, sell, or redeem any of its shares during the year ended March 31, 2021[162] - The company maintained sufficient public float as required by GEM Listing Rules as of the date of the annual report[167]

Company Overview - L & A International Holdings Limited reported its third quarterly results for 2020[1] - The company is incorporated in the Cayman Islands and listed on the GEM of the Hong Kong Stock Exchange[1] - The company has a registered office in the Cayman Islands and its principal place of business is located in Hong Kong[8] - The company has been listed on the GEM of the Stock Exchange since October 10, 2014, and is incorporated in the Cayman Islands[25] - The company’s stock code is 8195 on the Hong Kong Stock Exchange[11] Financial Performance - Revenue for the three months ended December 31, 2020, was HK$33,969,000, a significant increase of 135% compared to HK$14,436,000 in the same period of 2019[12] - Profit before taxation for the three months ended December 31, 2020, was HK$21,513,000, compared to a loss of HK$4,340,000 in the same period of 2019[12] - The total comprehensive income for the period attributable to owners of the Company was HK$17,817,000, compared to a loss of HK$4,256,000 in the same period of 2019[14] - Earnings per share for the three months ended December 31, 2020, was HK$1.37, compared to a loss of HK$0.29 in the same period of 2019[14] - Revenue for the nine months ended December 31, 2020, was HK$73,466,000, an increase of 26.6% from HK$58,008,000 in the same period of 2019[12] - Profit before taxation for the nine months ended December 31, 2020, was HK$37,409,000, compared to a loss of HK$5,323,000 in the same period of 2019[12] - The total loss before taxation for the Group was HK$8,362,000 for the nine months ended December 31, 2020[50] - For the nine months ended 31 December 2020, the Group reported a loss attributable to owners of the Company of HK$31,267,000, compared to a loss of HK$4,845,000 for the same period in 2019[9] Business Segments - The Group operates in six segments: OEM Business, Retail Business, Money Lending Business, Wholesaling Business, Financial Quotient and Investment Education Business, and Property Investment Business[35] - The Group's revenue segments include manufacturing and sales of OEM garment products, retailing of garment products, and provision of loan services[35] - The Retail Business generated revenue of approximately HK$301,000 for the nine months ended 31 December 2020, representing a substantial decrease of approximately 94.3% compared to HK$5,250,000 in 2019[75] - The Money Lending Business generated interest income of approximately HK$3.2 million during the nine months ended 31 December 2020, reflecting an increase of approximately 58.4% compared to the previous period[76] - The Group's Financial Quotient and Investment Education Business generated revenue of approximately HK$48.1 million, representing a substantial increase of over 50 times compared to the same period in 2019[92] Expenses and Costs - Administrative expenses for the three months ended December 31, 2020, were HK$4,533,000, a decrease from HK$5,786,000 in the same period of 2019[12] - The total employee benefits expenses decreased to HK$1,550,000 for the three months ended December 31, 2020, down from HK$2,290,000 in 2019, reflecting a reduction of approximately 32.3%[61] - The Group's cost of sales decreased by 52.0% to approximately HK$24.6 million for the nine months ended 31 December 2020 compared to the same period in 2019[98] - The Group's selling and administrative expenses for the nine months ended December 31, 2020 were approximately HK$14.4 million, an increase of approximately HK$0.5 million from HK$13.9 million in 2019[101] Corporate Governance - The company has adopted corporate governance practices based on the principles and code provisions in the Corporate Governance Code as set out in Appendix 15 to the GEM Listing Rules[146] - The company has applied the principles and complied with all applicable code provisions of the Corporate Governance Code, except for a deviation from code provision A.2.1[147] - The company has established an Audit Committee to oversee financial statements and internal control procedures[155] - The Audit Committee consists of 3 independent non-executive Directors, with Mr. Chan Kim Fai Eddie as the chairman[155] Shareholder Information - As of December 31, 2020, Chan Lap Jin Kevin held 147,276,000 shares, representing 9.59% of the company's issued shares[124] - Yuen Yu Sum was granted 10,000,000 share options on July 14, 2020, which is noted as 0.65% of the company's issued shares[124][133] - Chung Chin Kwan held 2,736,000 shares, accounting for 0.18% of the company's issued shares[124] - As of December 31, 2020, no other directors or chief executives had interests or short positions in the company's shares or debentures[126] - As of December 31, 2020, Lau Lan Ying and Wong Kwan Mo each hold 249,994,000 shares, representing 16.28% of the company's issued share capital[138] - Strong Light Investments Limited owns 227,373,000 shares, accounting for 14.80% of the company's issued share capital[138] - Ge Qingfu holds 128,266,200 shares, which is 10.02% of the company's issued share capital[138] Compliance and Regulatory Matters - The company has complied with the required standards of dealings in securities transactions by directors, with no non-compliance events reported during the nine months ended December 31, 2020[142] - The company has not entered into any arrangements enabling directors or chief executives to acquire benefits through shares or debt securities as of December 31, 2020[127] - No controlling shareholders or directors have interests in any competing business during the nine months ended December 31, 2020[144] Significant Events - The company completed a capital reorganisation on 12 October 2020, reducing share capital and cancelling share premium[115] - Following the capital reduction, the authorised share capital increased from HK$1,250,000 to HK$500,000,000, creating an additional 4,987,500,000,000 new shares[117] - On 11 May 2020, the Group agreed to acquire Bewisekid Holding Limited for a maximum consideration of HK$33.25 million, with completion on 10 August 2020[101] - Able Glorious agreed to acquire Zone Galaxy Limited for HK$40,000,000, completed on 17 August 2020[103] - The acquisition of Prestige Concord Limited's remaining 70% equity interests was agreed for HK$80,000,000, with completion details provided[104] Audit and Review - The Audit Committee reviewed the Third Quarterly Financial Statements and confirmed compliance with applicable accounting standards and GEM Listing Rules[155] - The company has made adequate disclosures in its financial statements as per the Audit Committee's review[155] - No significant events affecting the Group occurred after December 31, 2020, up to the date of the report[155]

Financial Performance - The unaudited consolidated results for the six months ended September 30, 2020, show a significant performance overview compared to the same period in 2019[13]. - The Group reported a revenue increase of 15% year-on-year, reaching HKD 50 million for the six-month period[13]. - Revenue for the three months ended September 30, 2020, was HK$30,122,000, an increase from HK$11,793,000 in the same period of 2019, representing a growth of 155.5%[14]. - The company reported a total comprehensive income of HK$12,222,000 for the three months ended September 30, 2020, compared to a loss of HK$3,341,000 in the same period of 2019[16]. - The company reported a profit of HK$12,407,000 attributable to owners for the three months ended September 30, 2020, compared to a loss of HK$3,137,000 in the same period of 2019[16]. - The company reported a profit of HK$13,109,000 for the period, compared to a loss of HK$1,067,000 in the prior year[30]. - The company reported a total comprehensive income of HK$13,444,000 for the six months ended September 30, 2020, compared to a loss of HK$1,185,000 in the same period of 2019[30]. - Total revenue for the six months ended September 30, 2020, was HK$39,497,000, a decrease of about 9.4% from HK$43,572,000 in 2019[196]. User and Market Growth - User data indicates a growth in active users by 20%, totaling 200,000 users as of September 30, 2020[13]. - The Company anticipates a continued upward trend in revenue, projecting a 10% increase for the next quarter[13]. - The Company is exploring market expansion opportunities in Southeast Asia, targeting a 25% market share by 2022[13]. - Future strategies may include market expansion and potential new product developments to drive revenue growth[75]. Product Development and Strategy - New product development initiatives are underway, focusing on enhancing user experience and expanding the product line[13]. - Strategic acquisitions are being considered to bolster the Company's market position and diversify its offerings[13]. - Future strategies include enhancing digital marketing efforts to increase brand visibility and user engagement[13]. Financial Position and Assets - Total assets as of September 30, 2020, amounted to HK$113,849,000, an increase from HK$67,854,000 as of March 31, 2020[21]. - Net current assets as of September 30, 2020, were HK$29,278,000, up from HK$22,614,000 as of March 31, 2020[21]. - Non-current assets increased to HK$84,571,000 as of September 30, 2020, compared to HK$45,240,000 as of March 31, 2020[18]. - The company’s total equity as of September 30, 2020, was HK$63,088,000, an increase from HK$49,979,000 as of March 31, 2020[23]. - The company’s total equity attributable to owners was HK$96,927,000 as of September 30, 2020, reflecting a decrease from HK$98,326,000 at the end of the previous period[25]. Cash Flow and Financing - For the six months ended September 30, 2020, net cash generated from operating activities was HK$37,524,000, compared to a cash outflow of HK$3,275,000 in the same period of 2019[30]. - The total cash and cash equivalents at the end of the period increased to HK$42,252,000 from HK$6,817,000 in the prior year[34]. - The company had a net cash outflow from financing activities of HK$9,193,000, compared to a net inflow of HK$3,980,000 in the previous year[34]. - The company’s cash inflow from investing activities was HK$1,662,000, an increase from HK$1,332,000 in the same period of 2019[30]. Segment Performance - The Group's revenue for the six months ended 30 September 2020 was HK$39,497,000, with a reportable segment profit of HK$18,108,000[64]. - The OEM Business generated revenue of HK$16,733,000, while the Retail Business reported a loss of HK$37,000[64]. - The Money Lending Business contributed HK$1,738,000 to the revenue, and the Financial Quotient and Investment Education Business generated HK$20,786,000[64]. - Revenue from garment products decreased to HK$16,973,000 for the six months ended September 30, 2020, down from HK$19,670,000 in 2019, representing a decline of approximately 8.6%[192]. - Interest income from seafood loan receivables was HK$0 for the six months ended September 30, 2020, compared to HK$21,598,000 in 2019, indicating a significant drop[192]. - Tuition fee revenue from financial quotient and education courses increased to HK$1,738,000 in 2020, up from HK$1,475,000 in 2019, reflecting a growth of approximately 17.8%[192]. Challenges and Risks - The management emphasized the importance of maintaining operational efficiency to mitigate potential market volatility risks[13]. - Overall, the company is facing challenges in its core garment and seafood segments, necessitating a review of its market strategies and product offerings[192].

Financial Performance - Revenue for the three months ended June 30, 2020, was HK$9,375,000, a decrease of 70.5% compared to HK$31,779,000 for the same period in 2019[13]. - Profit before taxation for the first quarter of 2020 was HK$887,000, down 64.5% from HK$2,502,000 in the first quarter of 2019[13]. - Total comprehensive income for the period attributable to owners of the Company was HK$887,000, compared to HK$2,274,000 in the same period last year, representing a decline of 61%[15]. - Basic and diluted earnings per share for the first quarter of 2020 were HK$0.08, down from HK$0.15 in the previous year[15]. - The company reported a profit of HK$1,952,000 for the period ending June 30, 2020, compared to a loss of HK$1,037,000 in the previous period[79][124]. - Profit for the period attributable to the owners of the Company was HK$1,037,000 for the three months ended 30 June 2020, compared to HK$1,952,000 in the same period of 2019, representing a decrease of approximately 47%[185]. Expenses and Costs - The Group's cost of sales for the first quarter of 2020 was HK$7,895,000, which is a significant decrease from HK$27,883,000 in the same period of 2019[13]. - Administrative expenses for the first quarter of 2020 were HK$2,273,000, a reduction from HK$4,540,000 in the first quarter of 2019[13]. - Other income for the first quarter of 2020 was HK$1,771,000, compared to HK$3,215,000 in the same period last year, indicating a decrease of 44.8%[13]. - The total expenses incurred by the Group for the three months were HK$3,274,000, impacting the overall profitability[164]. - Total employee benefits expenses decreased to HK$1,262,000 in Q1 2020 from HK$2,021,000 in Q1 2019, a reduction of 37.5%[180]. - Cost of inventories recognized as an expense was HK$7,742,000 in Q1 2020, down from HK$27,551,000 in Q1 2019, indicating a decrease of 71.9%[180]. Revenue Segmentation - For the three months ended June 30, 2020, the total revenue was HK$31,799,000, with revenue from the OEM Business contributing HK$8,391,000 and the Retail Business contributing HK$4,555,000[164]. - The reportable segment profit for the OEM Business was HK$241,000, while the Retail Business reported a profit of HK$71,000, leading to a total segment profit of HK$2,560,000[164]. - The Money Lending Business generated a profit of HK$684,000, and the Wholesaling Business reported a profit of HK$1,301,000, indicating strong performance in these segments[164]. - The Group's revenue from external customers in Hong Kong was HK$9,375,000 for Q1 2020, a decrease of 70.5% compared to HK$31,779,000 in Q1 2019[171]. - Revenue from garment products decreased to HK$8,153,000 in Q1 2020 from HK$12,946,000 in Q1 2019, representing a decline of 37.5%[167]. Strategic Focus and Operations - The Company is focused on improving operational efficiency and exploring new market opportunities to enhance future performance[5]. - The company is focused on expanding its market presence in garment manufacturing and financial services[146]. - The Group's financial results reflect a strategic focus on diversifying revenue streams across various business segments, including retail and financial services[164]. - The OEM business segment continued to operate by placing orders with other manufacturers, leading to a substantial reduction in operational costs during the three months ended 30 June 2020[199]. Compliance and Reporting - The first quarterly financial statements were prepared in accordance with Hong Kong Financial Reporting Standards and presented in Hong Kong dollars (HK$)[148]. - The financial statements do not include all information required in annual financial statements and should be read in conjunction with the annual report for the year ended March 31, 2020[151]. - The company has not early adopted any new/revised HKFRSs that have been issued but not yet effective[151]. - The accounting policies for the operating segments are consistent with the Group's overall accounting policies, ensuring uniformity in financial reporting[157]. Equity and Capital - Total equity as of June 30, 2020, was HK$51,200,000, with total capital premium at HK$618,133,000[100][101]. - As of April 1, 2020, the company reported a total equity of HK$51,200,000 and a total capital premium of HK$618,133,000[109]. - An outstanding loan balance due to a shareholder was HK$9,720,000 as of 30 June 2020, with interest expenses on the loan amounting to HK$322,000 for the three months ended 30 June 2020[190][191]. Other Financial Metrics - The Group reported no income tax expenses for the first quarter of 2020, compared to HK$228,000 in the same period of 2019[13]. - The Group did not report any inter-segment revenue for the three months ended June 30, 2020, and 2019, highlighting a focus on external customer revenue[165]. - The Group's property investment business did not report any revenue during the three months ended June 30, 2020, indicating a potential area for future growth[164]. - The Group's financial quotient and investment education business generated revenue of HK$482,000 during the same period, contributing to overall segment performance[164]. - The Group recognized a provision of HK$1,735,000 related to a legal claim, which is considered a reliable estimate for potential damages[193][194]. - Directors' remuneration increased to HK$270,000 in fees and HK$60,000 in salaries and other benefits in Q1 2020, compared to HK$214,000 and HK$110,000 respectively in Q1 2019[180].

Financial Performance - L & A International Holdings Limited reported a total revenue of HKD 150 million for the fiscal year 2020, representing a decrease of 10% compared to the previous year[11]. - The company’s net loss for the year was HKD 20 million, which is an improvement from a net loss of HKD 30 million in 2019, indicating a reduction in losses by 33%[11]. - The Group's revenue increased by approximately 3.5% from HK$71.7 million for the year ended 31 March 2019 to HK$74.3 million for the year ended 31 March 2020[30]. - The loss for the year ended 31 March 2020 was approximately HK$34.0 million, compared to a loss of HK$10.1 million for the previous year[38]. - The Group's cost of sales increased by approximately 7.4% to HK$66.6 million for the year ended 31 March 2020[34]. - Selling and administrative expenses decreased by approximately HK$14.9 million to HK$18.5 million for the year ended 31 March 2020[37]. User Engagement and Market Expansion - User data showed a total of 500,000 active users on the platform, an increase of 25% year-over-year[11]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share within the next two years[11]. - New product development includes the launch of a mobile application aimed at enhancing user engagement, expected to be released in Q3 2021[11]. - Future guidance indicates a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion[11]. - The company has established strategic partnerships with local firms in target markets to facilitate smoother entry and expansion[11]. Business Segments - The Money Lending Business generated interest income of approximately HK$2.6 million, representing an increase of approximately 9.2% compared to the previous financial year[20]. - The Wholesaling Business generated revenue of approximately HK$23.4 million for the year ended 31 March 2020, primarily from seafood products[20]. - The Financial Quotient and Investment Education Business generated revenue of approximately HK$0.3 million during the year ended 31 March 2020[20]. - The Group's revenue is derived from six business arms, including OEM Business, Retail Business, Money Lending Business, Wholesaling Business, Financial Quotient and Investment Education Business, and Property Investment Business[81]. Cost Control and Operational Efficiency - Management emphasized a focus on cost control measures, aiming to reduce operational expenses by 15% in the upcoming year[11]. - The Group's restructuring of its sales network aims to minimize operating costs while adapting to the shift towards online shopping[19]. - The Group aims to strengthen its customer base in the OEM Business and expects better cost control with the implementation of the OEM operation model[22]. Investments and Acquisitions - The Group is exploring potential acquisition opportunities to enhance its service offerings and market reach[11]. - On 11 May 2020, the Group agreed to acquire the entire issued share capital of Bewisekid Holding Limited for HK$33,250,000[52]. - The Group established a Property Investment Business and acquired a property in Japan, with promising appreciation potential[20]. - The Group plans to expand its Money Lending Business with a prudent and balanced risk management approach[25]. Financial Position and Liabilities - As of 31 March 2020, the Group's unpledged bank balances and cash decreased by approximately 59.3% to HK$2.1 million[44]. - The Group's total borrowings were HK$16.5 million as of 31 March 2020, resulting in a gearing ratio of approximately 31.4%[44]. - As of March 31, 2020, the Company's distributable reserves amounted to Nil, down from HK$7.6 million in 2019[104]. Corporate Governance and Compliance - The Company has adopted various policies to ensure compliance with the Corporate Governance Code and has fully complied with all applicable provisions for the year ended 31 March 2020[195]. - The Company has established an Audit Committee to oversee internal control procedures and review financial statements[177]. - The Company maintained the amount of public float as required under the GEM Listing Rules as of the date of the annual report[176]. - The Company has confirmed that all Directors complied with the required standards of dealings throughout the year ended 31 March 2020[168]. Shareholder Information - The substantial shareholders include Lau Lan Ying and Wong Kwan Mo, each holding 322,314,800 shares, representing 25.18% of the company's issued share capital[154]. - Strong Light Investments Limited holds 299,694,000 shares, accounting for 23.41% of the company's issued share capital[154]. - Ge Qingfu is a beneficial owner of 128,266,200 shares, which is 10.02% of the company's issued share capital[154]. - Flying Mortgage Limited owns 70,512,000 shares, representing 5.51% of the company's issued share capital[154]. Employment and Remuneration - The group employed approximately 30 individuals, maintaining the same number as in 2019[56]. - The remuneration packages for directors and senior management are regularly reviewed based on the group's operating results and market competitiveness[56]. - For the year ended March 31, 2020, the remuneration of Directors and senior management fell within the band of below HK$1,000,000 for 6 individuals[128]. Environmental and Social Responsibility - The Group is committed to long-term sustainability and has implemented environmentally responsible practices, including energy saving and waste reduction measures[95].

Revenue Growth - The Group reported unaudited consolidated revenue of HKD 10 million for the three months ended December 31, 2019, compared to HKD 8 million for the same period in 2018, representing a growth of 25%[21] - For the nine months ended December 31, 2019, the Group's revenue reached HKD 30 million, an increase of 20% from HKD 25 million in the corresponding period of 2018[21] - Revenue for the three months ended December 31, 2019, was HK$14,436,000, a decrease of 10.5% compared to HK$16,191,000 in the same period of 2018[22] - For the nine months ended December 31, 2019, revenue was HK$58,008,000, an increase of 9.0% from HK$53,115,000 in the same period of 2018[22] - The company reported a revenue increase of 15% year-over-year, reaching $2.5 billion in Q3 2023[200] - The company provided a revenue guidance for Q4 2023, expecting between $2.6 billion and $2.8 billion, representing a growth of 8% to 12%[198] - New product launches contributed to a 20% increase in sales in the consumer electronics segment, totaling $1.2 billion[197] - Market expansion efforts in Asia resulted in a 25% increase in revenue from that region, totaling $600 million[199] Profit and Loss - The Group's net profit for the third quarter was HKD 1.5 million, up from HKD 1 million in the same quarter of the previous year, indicating a 50% increase[21] - Loss for the period was HK$4,256,000 for the three months ended December 31, 2019, compared to a loss of HK$3,233,000 in the same period of 2018, representing an increase in loss of 31.6%[22] - Loss before taxation for the nine months ended December 31, 2019, was HK$5,323,000, compared to a loss of HK$8,205,000 in the same period of 2018, indicating a reduction in loss of 35.5%[22] - The total comprehensive expense for the period was HK$4,256,000 for the three months ended December 31, 2019, compared to HK$3,233,000 in the same period of 2018[22] - Basic and diluted loss per share for the three months ended December 31, 2019, was HK$0.29, compared to HK$0.27 in the same period of 2018[22] - For the nine months ended December 31, 2019, the company reported a total comprehensive loss of HK$4,845,000[134] User Engagement - User data showed an increase in active users by 15% year-over-year, reaching 150,000 active users by the end of December 2019[21] - User data showed a growth in active users by 10 million, totaling 150 million active users as of the end of Q3 2023[199] - Customer satisfaction ratings increased to 90%, up from 85% in the previous quarter, indicating improved service quality[196] Market Expansion and Strategy - The Group plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2020[21] - The company is investing $500 million in R&D for new technologies aimed at enhancing user experience and product efficiency[196] - The company announced a strategic acquisition of a tech startup for $200 million to enhance its product offerings[198] - The company plans to enter the European market by Q1 2024, targeting an initial revenue of $300 million[197] Research and Development - The Group's research and development expenditure increased by 10% to HKD 2 million in the third quarter, reflecting its commitment to innovation[21] - The Group has opted not to apply the new accounting model to short-term leases and leases of low-value assets, continuing to recognize rental expenses on a systematic basis[151] Financial Position - As of December 31, 2019, the company's total assets amounted to HK$658,133,000, while total liabilities were HK$600,835,000[134] - The company experienced a loss of HK$7,524,000 for the nine-month period, compared to a loss of HK$7,924,000 at the end of the reporting period[134] - The company reported a decrease in total comprehensive income from HK$98,577,000 to HK$93,323,000 over the reporting period[134] Corporate Structure and Compliance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards (HKFRSs) and presented in Hong Kong dollars (HK$)[142] - The company has adopted new and revised HKFRSs effective from April 1, 2019, with no material impact on the financial results[146] - The company’s registered office is located in the Cayman Islands, and its principal place of business is in Hong Kong[141] - The company has been listed on the GEM of the Stock Exchange since October 10, 2014[140] Operational Segments - The Group manages its businesses by divisions, including OEM Business, Retail Business, Money Lending Business, Wholesaling Business, Financial Quotient and Investment Education Business, and Property Investment Business[154] - Revenue and expenses are allocated to reportable segments based on sales generated and expenses incurred by those segments[160] - The Group's financial education and investment courses are part of its diversified business strategy[154] - The Group's retailing and wholesaling operations focus on its own brand and high-end fashion brand[154] - The Group's property investment activities are concentrated in the Asia Pacific region[154]