香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 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。 Crypto Flow Technology Limited 加幂科技有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8198） 根據一般授權配售新股份 配售代理 本公告僅供參考，並不構成收購、購買或認購本公司證券之邀請或要約。 根據一般授權配售新股份 董事會欣然宣佈，於二零二五年 二月二十日（交 易 時 段 後），本 公 司 與 配 售 代 理 訂 立配售協議，據此，本公司有條件同意透過配售代理按竭誠基準，以配售價每股 配售股份0.305港 元 向 不 少 於 六 名 承 配 人（按 現 時 預 期）配 售 最 多109,681,764股 配 售 股 份，而 該 等 承 配 人 及 其 最 終 實 益 擁 有 人（如 適 用）須 為 獨 立 第 三 方。 配售股份將根據股東於股東週年大會上通過的普通決議案授予董事的一般授權 配發及發 ...

Revenue and Business Performance - The Group's revenue from data center services reached approximately HKD 29.6 million, an increase of about HKD 18.8 million compared to the same period in 2023, primarily due to contributions from the new US data center[5]. - The US data center, which began operations in December 2023, generated revenue of approximately HKD 26 million during the reporting period[5]. - The Hong Kong data center, operational since November 2021, produced revenue of approximately HKD 3.6 million during the reporting period[5]. - The group recorded total revenue of approximately HKD 30,300,000 for the reporting period, an increase of HKD 18,000,000 compared to HKD 12,300,000 for the same period last year[13]. - Revenue from big data center services contributed approximately HKD 29,600,000, representing an increase of HKD 18,800,000 compared to HKD 10,800,000 for the same period last year[13]. - Revenue from lending business was approximately HKD 700,000, a decrease of HKD 800,000 compared to HKD 1,500,000 for the same period last year[14]. - For the six months ended June 30, 2024, the company reported revenue from continuing operations of HKD 30,258 thousand, a significant increase from HKD 12,300 thousand in the same period of 2023, representing a growth of 145%[47]. - The revenue breakdown shows that the United States contributed HKD 25,957 thousand and Hong Kong contributed HKD 4,301 thousand for the six months ended June 30, 2024[47]. - The company’s data center services generated external customer revenue of HKD 29,557 thousand, while the lending business contributed HKD 701 thousand for the same period[49]. Financial Position and Losses - The group recorded a loss of approximately HKD 2,900,000, a reduction of HKD 6,000,000 or 67.4% compared to a loss of HKD 8,900,000 for the same period last year[15]. - The company reported a loss before tax of HKD 2,910,000 for the six months ended June 30, 2024, an improvement from a loss of HKD 5,471,000 in the previous year[34]. - The total comprehensive loss for the period was HKD 2,898,000, compared to HKD 8,869,000 for the same period in 2023, indicating a reduction in losses[35]. - The company incurred a loss attributable to owners of the company of HKD 2,898,000 for the six months ended June 30, 2024, compared to a loss of HKD 8,869,000 for the same period in 2023, indicating an improvement of 67.3%[70][71]. - The company reported a decrease in cash and cash equivalents to HKD 3,071 thousand as of June 30, 2024, down from HKD 28,533 thousand as of June 30, 2023, a reduction of approximately 89%[43]. Lending and Credit Provisions - The Group's lending business generated revenue of approximately HKD 700,000 during the reporting period[6]. - As of June 30, 2024, the Group made a cumulative provision of approximately HKD 4.9 million for a loan due to credit status and collateral valuation[6]. - The Group's total outstanding loan principal and accrued interest amount to approximately HKD 24.3 million as of the report date[6]. - The expected credit loss model indicated a provision for impairment losses of HKD 2,554 thousand, with HKD 1,903 thousand from data center services and HKD 651 thousand from the lending business[49]. - The expected credit loss for the loans was HKD 4,905,000 as of June 30, 2024, down from HKD 8,547,000 in the previous year[77]. Operational Costs and Employee Expenses - Employee costs increased by approximately HKD 3,100,000 due to an increase in headcount for the US data center and multiple application development projects[15]. - Operating expenses increased by approximately HKD 1,100,000 due to the new US data center commencing operations in 2024[15]. - Short-term employee benefits for key management personnel increased to HKD 1,257,000 for the six months ending June 30, 2024, compared to HKD 815,000 in the previous year[83]. Assets and Liabilities - Total non-current assets increased to HKD 42,711 thousand as of June 30, 2024, from HKD 29,839 thousand as of December 31, 2023, representing a growth of approximately 43%[38]. - Current assets decreased to HKD 35,061 thousand as of June 30, 2024, down from HKD 40,303 thousand as of December 31, 2023, a decline of about 13%[38]. - Total current liabilities rose to HKD 23,243 thousand as of June 30, 2024, compared to HKD 15,733 thousand as of December 31, 2023, an increase of approximately 48%[39]. - The company recognized a total of HKD 9,097,000 in right-of-use assets during the interim period, compared to HKD 7,000,000 in the same period of 2023[74]. - The company reported a total of HKD 27,797,000 in impairment provisions for receivables as of June 30, 2024, compared to HKD 35,400,000 in the previous year[76]. Corporate Governance and Compliance - The company emphasizes the importance of good corporate governance to protect shareholder interests, adhering to GEM listing rules and maintaining high transparency[99]. - The management did not provide monthly updates to the board as per the corporate governance code but provided business updates as necessary, ensuring a balanced assessment of the company's performance and outlook[100]. - The audit committee, composed of three independent non-executive directors, is responsible for overseeing the financial reporting process and risk management[102]. Investments and Acquisitions - The company acquired property, machinery, and equipment worth approximately HKD 1,559,000 during the reporting period[22]. - The company has not authorized any significant investments or acquisitions during the reporting period[21]. - The company completed the sale of its data center services in China for a total consideration of HKD 37,000 thousand, with a net asset value of HKD 40,398 thousand at the time of sale[61]. Share Capital and Options - The total issued and fully paid ordinary shares as of June 30, 2024, were 548,408,822, with a total share capital of HKD 54,841,000[81]. - Wan Fung Industrial Co., Ltd. holds 279,815,740 shares, representing 51.02% of the total issued shares[94]. - The average share price for options granted on August 10, 2020, is HKD 0.26, with an expected volatility of 87.11%[92]. - The average exercise price for options granted on April 1, 2019, is HKD 1.1, with an expected volatility of 75.86%[92]. - The company approved a new share option plan on December 28, 2022, allowing directors to grant options to eligible persons for a period of 10 years[93].

Cryptocurrency Mining and Data Centers - The cryptocurrency mining market faced challenges and opportunities in 2023, with the company optimizing its data centers to enhance efficiency and maintain competitiveness [8]. - The company successfully constructed and commissioned its first data center in Indiana, USA, within six months, achieving approximately 90% capacity sold and stable operations for three months [8]. - The company has ceased operations of its data center in mainland China after selling related companies, focusing on maintaining existing operations in Hong Kong [8]. - The US data center, which commenced operations in December 2023, is expected to generate revenue of around HKD 4,000,000 in its first year [16]. - The Hong Kong data center generated revenue of approximately HKD 18,000,000 since its operation began in November 2021 [16]. - The total revenue from data center services and leasing for the year was approximately HKD 22,000,000, a decrease of about HKD 4,600,000 compared to the same period last year, primarily due to cryptocurrency market volatility and supply chain issues [17]. - The US data center has a maximum processing capacity of approximately 11 megawatts [16]. - The Hong Kong data center has a maximum processing capacity of approximately 1,400 kilowatts [16]. Financial Performance and Revenue - The group recorded total revenue of approximately HKD 25,200,000 for the year, a decrease of HKD 4,400,000 compared to HKD 29,600,000 in 2022 [32]. - Revenue from the big data center services segment was approximately HKD 22,000,000, down HKD 4,600,000 from HKD 26,600,000 in the same period of 2022 [32]. - The lending business generated revenue of approximately HKD 3,200,000 for the year [22]. - The lending business generated revenue of approximately HKD 3,200,000, an increase of HKD 200,000 from HKD 3,000,000 in 2022 [33]. - The group recorded a loss of approximately HKD 30,500,000 for the year, a reduction of 46.4% compared to a loss of HKD 56,900,000 in the same period of 2022 [34]. - Gross profit from the big data center services increased by approximately HKD 4,200,000 due to impacts from cryptocurrency market volatility and supply chain issues [34]. Lending Activities and Risk Management - A provision of approximately HKD 8,700,000 was made for loans due to a decrease in the valuation of mortgaged assets [21]. - The company extended the repayment date of a loan amounting to HKD 30,000,000 by an additional 24 months, maintaining an annual interest rate of 10% [18]. - The company has implemented internal control measures to manage risks associated with its lending activities [23]. - The lending monitoring team conducts credit risk assessments based on various financial documents and client evaluations [24]. - The group operates a lending business in Hong Kong, facing risks from borrower defaults, making credit assessment and collateral management critical [173]. Market Outlook and Strategic Initiatives - The company remains optimistic about the future of the cryptocurrency mining industry, anticipating improvements in efficiency and sustainability as the ecosystem matures [9]. - The company acknowledges the increasing acceptance of cryptocurrency as a legitimate asset, driven by growing institutional investor interest [7]. - The company aims to leverage partnerships and innovations to explore the potential of blockchain technology across various industries [11]. - The group plans to invest resources in blockchain technology and Web 3.0 applications, following the Hong Kong government's policy declaration on virtual assets [48]. - The group is developing data centers overseas, particularly in North America and Southeast Asia, to expand its big data center business [49]. Corporate Governance and Board Structure - The company has adhered to all corporate governance codes as per GEM listing rules, except for the monthly updates to the board, which were not consistently provided [72]. - The board consists of six members, with three executive directors and three independent non-executive directors, ensuring a balance of skills and experience [77]. - The independent non-executive directors represent over one-third of the board, complying with GEM listing rules [83]. - The board is responsible for leading and controlling the group, ensuring the best interests of shareholders and stakeholders are considered [85]. - The company has established three board committees: audit committee, nomination committee, and remuneration committee, each with defined responsibilities and sufficient resources [112]. Diversity and Inclusion - The board has adopted a diversity policy, emphasizing the importance of gender diversity, with currently 25% of senior staff being female and 33% of all employees being female [96]. - The board consists of six members, including one female director, and aims to avoid a single gender in its composition [96]. - The company aims to enhance its board's gender diversity by actively seeking female candidates [96]. - The nomination committee is responsible for identifying and evaluating candidates for board positions [99]. Shareholder Communication and Engagement - The company emphasizes the importance of effective communication with shareholders and stakeholders to strengthen investor relations [156]. - The company maintains effective communication with shareholders through various channels, ensuring equal and timely access to information [155]. - The board of directors encourages shareholder participation and welcomes questions during the annual general meeting [154]. - The company has established multiple channels for ongoing communication with shareholders, including printed reports and online access [157]. Risk Factors and Compliance - The group faces risks related to economic and public health conditions, including potential disruptions from pandemics or natural disasters, which may lead to conservative decision-making [166]. - The group relies heavily on stable electricity supply and pricing for its data center operations, with high electricity costs impacting performance [168]. - Customer concentration risk exists, as the group's data center services depend on a small number of clients, which could adversely affect business performance if contracts are terminated [170]. - Poor management of accounts receivable could lead to cash flow risks, affecting the group's ability to meet financial obligations [171]. - The group has not faced any significant environmental claims, lawsuits, or penalties during the year, indicating compliance with environmental policies [175]. Financial Management and Reporting - The company reviewed its financial performance and reports quarterly [25]. - The audit committee conducted a review of the effectiveness of the internal audit function [25]. - The independent auditor's report confirms the integrity of the group's consolidated financial statements, with audit fees totaling HKD 2,238,000, including HKD 908,000 for audit services and HKD 1,330,000 for non-audit services [143]. - The board is responsible for ensuring that the financial statements reflect the true and fair view of the company's performance and cash flows [131]. - The company has implemented a clear process for selecting and recommending candidates for board positions, ensuring independence and conflict of interest considerations [104].

Financial Performance - For the fiscal year ending December 31, 2023, the company reported revenue from continuing operations of HKD 25,187,000, a decrease of 14.8% compared to HKD 29,550,000 in 2022[5] - The gross profit for the year was HKD 15,751,000, representing a significant increase of 36.5% from HKD 11,533,000 in the previous year[5] - The company incurred an operating loss before tax of HKD 26,831,000, which is a 88.5% increase from the loss of HKD 14,204,000 in 2022[5] - The total comprehensive loss for the year was HKD 30,548,000, a reduction of 46.2% compared to HKD 56,894,000 in the prior year[7] - The loss attributable to owners of the company from continuing operations was HKD 27,150,000, compared to HKD 14,204,000 in 2022[7] - The company reported a loss from discontinued operations of HKD 3,398,000, a decrease from HKD 42,690,000 in the previous year[7] - The basic loss per share from continuing operations was HKD 5.57, compared to HKD 10.37 in 2022[9] - The company reported a total comprehensive loss of HKD 60,292,000 for the year, compared to a loss of HKD 56,894,000 in the previous year[14] - The company reported a loss attributable to shareholders of HKD 30,548,000 for 2023, a decrease from a loss of HKD 56,893,000 in 2022[45] - The basic and diluted loss per share from continuing operations was HKD 27,150,000 in 2023 compared to HKD 14,203,000 in 2022[45] Expenses and Provisions - The administrative expenses rose to HKD 28,742,000, up 36.5% from HKD 21,066,000 in 2022[5] - The company recorded an expected credit loss provision of HKD 11,782,000, a significant increase from HKD 97,000 in the previous year[5] - The company recognized an impairment provision of HKD 8,654,000 for receivables and interest, up from zero in 2022[48] - The company reported a credit loss provision of HKD 3,120,000 for trade receivables, significantly higher than HKD 97,000 in 2022[52] - Provisions for trade receivables, loans, and other receivables increased by approximately HKD 11,700,000 based on expected credit loss models[92] Assets and Liabilities - Total non-current assets decreased from HKD 36,211,000 to HKD 29,839,000, a decline of approximately 17.6% year-over-year[11] - Current assets decreased significantly from HKD 73,505,000 to HKD 40,303,000, representing a reduction of about 45.0%[11] - Total current liabilities decreased from HKD 32,453,000 to HKD 15,733,000, a decrease of approximately 51.5%[11] - The company's net assets decreased from HKD 76,961,000 to HKD 49,878,000, a decline of about 35.3%[12] - The company’s equity attributable to owners decreased from HKD 77,194,000 to HKD 49,878,000, a reduction of about 35.3%[12] - The company’s total liabilities decreased to HKD 6,851,000 in 2023 from HKD 8,027,000 in 2022[57] - Current assets exceeded current liabilities by HKD 24,600,000 as of December 31, 2023[102] Revenue Streams - Revenue from data center services was HKD 22,037,000 in 2023, down from HKD 26,550,000 in 2022, reflecting a decline of 17.0%[26] - The group recorded total revenue of approximately HKD 25,200,000, a decrease of HKD 4,400,000 compared to HKD 29,600,000 in 2022, representing a decline of 14.9%[86] - Revenue from big data center services was approximately HKD 22,000,000, down HKD 4,600,000 from HKD 26,600,000 in the same period of 2022, a decrease of 17.3%[86] - Revenue from the lending business increased to approximately HKD 3,200,000, an increase of HKD 200,000 from HKD 3,000,000 in 2022, representing a growth of 6.7%[87] - Interest income from lending activities increased to HKD 3,150,000 in 2023, compared to HKD 3,000,000 in 2022, representing a growth of 5.0%[26] Market Strategy and Operations - The company aims to explore new market opportunities and enhance its product offerings in the upcoming fiscal year[5] - The group has signed an agreement with an independent third party to identify potential customers for its data center services in Hong Kong, focusing on expanding overseas operations[28] - The group’s strategy includes focusing on overseas market expansion due to the decline in the cryptocurrency market in Hong Kong[28] - The company plans to expand its data center business in overseas markets, including North America and Southeast Asia[104] - The company remains optimistic about the future of the cryptocurrency mining industry, anticipating improvements in efficiency and sustainability as the ecosystem matures[63] Capital and Investments - The company completed the sale of its data center services in China for HKD 37,000,000 on January 11, 2023, with the net assets of the sold business amounting to HKD 40,398,000[35][38] - The company acquired 55% equity in Your Choice Ever Best, Inc. for USD 4,311,913 (approximately HKD 33,848,515), but the agreement automatically terminated due to unmet conditions[93] - The group invested USD 150,000 (approximately HKD 1,177,500) in Cyberflow Digital Inc., acquiring a 30% stake in the company[94] - The group spent HKD 18,201,000 on machinery and equipment for a new data center in the U.S. and HKD 2,310,000 on property renovations[95] Employee and Management - The company has not declared any dividends for the years ending December 31, 2023, and December 31, 2022[42] - The total remuneration for directors was approximately HKD 2,000,000 for the year, down from HKD 3,700,000 in the previous year[109] - As of December 31, 2023, the company employed a total of 18 employees, an increase from 10 employees in the previous year[109] Compliance and Governance - The audit committee, consisting of three independent non-executive directors, reviewed the annual performance and audited financial statements[116] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the year[118] - The company will hold its Annual General Meeting on May 10, 2024, with a suspension of share transfer registration from May 7 to May 10, 2024[119] - The preliminary announcement of the financial results for the year ending December 31, 2023, will be consistent with the audited consolidated financial statements[121] - The annual report for the year ending December 31, 2023, will be published on the company's website and distributed to shareholders at an appropriate time[123]

Revenue Performance - The company reported total revenue of approximately HKD 18,500,000 for the reporting period, a decrease of HKD 4,400,000 compared to HKD 22,900,000 for the same period last year[18]. - Revenue from the big data center services segment was approximately HKD 16,200,000, down HKD 4,500,000 from HKD 20,700,000 in the same period last year[18]. - Revenue from the lending business increased to approximately HKD 2,330,000, an increase of HKD 80,000 compared to HKD 2,250,000 in the same period last year[19]. - Revenue from continuing operations for the three months ended September 30, 2023, was HKD 6,225 thousand, down 18.5% from HKD 7,635 thousand in the same period of 2022[43]. - Revenue from continuing operations for the nine months ended September 30, 2023, was HKD 18,525 thousand, a decrease of 19.2% compared to HKD 22,905 thousand for the same period in 2022[43]. Loss and Financial Position - The company recorded a loss of approximately HKD 11,300,000, a reduction of HKD 18,400,000 or 62% compared to a loss of HKD 29,700,000 in the same period last year[21]. - The total comprehensive loss attributable to owners of the company for the nine months ended September 30, 2023, was HKD 11,294,000, a significant reduction from HKD 29,663,000 in the same period last year[37]. - For the three months ended September 30, 2023, the company reported a loss attributable to owners of the company from continuing operations of HKD (2,181) thousand, compared to a loss of HKD (1,733) thousand for the same period in 2022, representing a 26% increase in loss[39]. - For the nine months ended September 30, 2023, the loss attributable to owners from continuing operations was HKD (7,737) thousand, a decrease of 47% compared to HKD (14,641) thousand for the same period in 2022[39]. - The company reported a total loss attributable to owners of HKD (2,425) thousand for the three months ended September 30, 2023, compared to HKD (4,252) thousand for the same period in 2022[54]. Business Segments - The Group's data center services generated revenue of approximately HKD 16,200,000, a decrease of about HKD 4,500,000 compared to the same period in 2022, primarily due to a decline in cryptocurrency prices affecting rental fees[8]. - The Group's data center has a maximum processing capacity of approximately 1,400 kWh and commenced operations in November 2021[7]. - The Group's data center services ceased operations in Sichuan Province, China, prior to 2022, and did not generate revenue during the reporting period[8]. - The lending business generated revenue of approximately HKD 2,300,000 during the reporting period[11]. Lending Activities - The Group's subsidiary obtained a money lender license under the Money Lenders Ordinance in January 2020, expanding its revenue sources[10]. - A loan of HKD 30,000,000 was granted to an independent third party with a term of 24 months at an annual interest rate of 10%[10]. - The Group has implemented internal control measures to manage risks associated with its lending activities[12]. - The Group's lending activities include a second loan agreement for HKD 3,000,000 at an annual interest rate of 10% with a 24-month term[10]. - The Group's management emphasizes the importance of credit risk assessment and internal controls in its lending operations[14]. Strategic Plans and Investments - The company plans to invest resources in blockchain technology research and web 3.0 applications to provide related application services[22]. - The company is focused on expanding its big data center business, including developing data centers in overseas markets such as North America and Southeast Asia[23]. - The company has entered into a contract with Green Land Energy Inc. for consulting services related to the construction of a new data center in the United States, expected to be completed in Q4 2023[25]. - The acquisition of 55% of Your Choice, a company operating data centers in the United States, is still pending completion[23]. - The company will continue to review its operational and financial conditions to formulate long-term business development plans and explore other business opportunities[22]. Shareholder and Equity Information - As of September 30, 2023, the company had a total issued share capital of HKD 54,841,000, unchanged from the previous year[58]. - The total number of issued shares as of September 30, 2023, is 548,408,822 shares[72]. - Wan Feng Industrial Co., Ltd. holds 279,815,740 shares, representing 51.02% of the total issued shares[69]. - Ever Marvel Group Limited owns 67,548,564 shares, accounting for 12.32% of the total issued shares[69]. - The company has not declared any dividends for the nine months ended September 30, 2023[26]. Audit and Compliance - The company has established an audit committee responsible for overseeing financial reporting and risk management processes[76]. - The audit committee consists of three independent non-executive directors, ensuring compliance with applicable accounting standards[76]. - The company did not engage in any purchase, sale, or redemption of its listed securities during the reporting period[60]. - No share options were granted, exercised, lapsed, or cancelled during the reporting period[70].

B_table indent_4.5 mm N_table indent_3.5 mm 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概 不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本 盡量排滿版面， 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之任何損失承擔 可斬半段 任何責任。 Crypto Flow Technology Limited 加幂科技有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8198） 截至二零二三年九月三十日止九個月期間之 第三季度業績 加幂科技有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」） 會（「董事會」）謹此公佈本集團截至二零二三年九月三十日止九個月期間的 未經審核簡明綜合業績。 本公告載有本集團二零二三年第三季度報告全文，符合香港聯合交易所有 限公司GEM證券上市規則（「GEM上市規則」）有關第三季度業績初步公告隨 附資料的相關規定。 承董事會命 加幂科技有限公司 行政總裁兼執行董事 黃亦斌 香港，二零二三年十一月十日 ...

Revenue and Financial Performance - The company recorded total revenue of approximately HKD 12,300,000 for the reporting period, a decrease of HKD 3,000,000 compared to HKD 15,300,000 for the same period last year, representing a decline of 19.6%[21] - Revenue from the big data center services segment was approximately HKD 10,800,000, down HKD 3,000,000 from HKD 13,800,000 in the same period last year, a decrease of 21.7%[21] - For the six months ended June 30, 2023, revenue was HKD 12,300,000, a decrease of 19.4% compared to HKD 15,270,000 for the same period in 2022[56] - Revenue for the three months ended June 30, 2023, was HKD 6,150,000, a decrease of 19.4% compared to HKD 7,635,000 for the same period in 2022[76] - The company reported a loss of approximately HKD 8,900,000 for the reporting period, an improvement of HKD 16,500,000 or 65% compared to a loss of HKD 25,400,000 in the same period last year[23] - The net loss attributable to owners for the six months was HKD 8,869,000, down from HKD 25,412,000 in the same period last year, a 65.1% reduction[59] - The company reported a total comprehensive loss of HKD 5,556,000 for the six months ended June 30, 2023, compared to a total comprehensive loss of HKD 27,901,000 for the same period in 2022, marking an improvement of 80.0%[69] Data Center Operations - The group generated revenue of approximately HKD 10,800,000 from data center services during the reporting period, a decrease of about HKD 3,000,000 compared to the same period in 2022, primarily due to a decline in cryptocurrency prices[9] - The data center has a maximum processing capacity of approximately 1,400 kWh and commenced operations in November 2021[8] - The data center services are affected by lower leasing costs for data processors due to the cryptocurrency market downturn[9] - The segment loss for the big data center services was HKD 4,705,000 for the six months ended June 30, 2023, compared to a loss of HKD 11,072,000 for the same period in 2022[82] - The data center services incurred a loss of HKD 8,680,000 for the three months ended June 30, 2023, compared to a loss of HKD 3,398,000 for the same period in 2022[92] Lending Business - The lending business generated revenue of approximately HKD 1,500,000 during the reporting period[12] - The group holds a money lender license under the Money Lenders Ordinance in Hong Kong since January 2020[11] - A loan of HKD 30,000,000 was granted to an independent third party with a term of 24 months and an annual interest rate of 10%[11] - The loan repayment date was extended by 24 months to April 2, 2024, maintaining the annual interest rate at 10%[11] - The group has implemented internal control measures to manage risks associated with its lending activities[13] - The company aims to leverage its expertise and resources to broaden its revenue sources through its lending business[11] Investments and Acquisitions - The company has entered into an agreement to acquire 55% of Your Choice Ever Best, Inc., which operates a data center in the United States, although the acquisition is not yet completed[29] - The company invested USD 150,000 (approximately HKD 1,177,500) in Cyberflow Digital Inc., acquiring a 30% stake in the company[36] - The group incurred expenditures of HK$1,254,000 for the construction of a data center in the United States and recognized a right-of-use asset of approximately HK$2,932,000 for land use rights[104] - The group had capital commitments of HK$2,933,000 for properties, machinery, and equipment related to the new data center in the United States[112] Cash Flow and Assets - As of June 30, 2023, the company's bank balance and cash amounted to HKD 28,500,000, a significant increase from HKD 9,500,000 on June 30, 2022[40] - As of June 30, 2023, the company's net current assets were HKD 62,700,000, up from HKD 41,100,000 on December 31, 2022[41] - The company has no bank borrowings as of June 30, 2023, maintaining a debt ratio of zero[41] - Current assets increased to HKD 73,183,000 as of June 30, 2023, compared to HKD 18,924,000 at the end of 2022, showing a significant growth of 286.5%[63] - The company reported a net cash outflow from operating activities of HKD 7,586,000 for the six months ended June 30, 2023, compared to HKD 1,945,000 for the same period in 2022, indicating a worsening cash flow situation[71] Corporate Governance - The company has established an audit committee, a remuneration committee, and a nomination committee to maintain high standards of corporate governance[132] - The audit committee is responsible for reviewing and supervising the company's financial reporting process and monitoring risk management and internal controls[134] - The company has adhered to the GEM listing rules and corporate governance code, with no significant deviations reported[129] - The company emphasizes the importance of good corporate governance to protect shareholder interests[129] - The audit committee consists of three independent non-executive directors, ensuring oversight and independence in financial matters[134] Employee and Management Information - The company employed a total of 15 employees as of June 30, 2023, down from 26 employees a year earlier[46] - The short-term benefits for key management personnel amounted to HK$815,000, a decrease from HK$3,144,000 in the previous year[110] - The chairman of the board receives an additional annual remuneration of HKD 576,000, while the newly appointed Vice President of Business Development receives HKD 540,000[136] Share Capital and Equity - The total issued share capital of the company as of June 30, 2023, is 548,408,822 shares[127] - As of June 30, 2023, Wan Feng Industrial Co., Ltd. holds a 51.02% direct equity stake in the company, equating to 279,815,740 shares[123] - Ever Marvel Group Limited holds 12.32% of the company's shares, amounting to 67,548,564 shares[123] - The company issued 80,591,701 new shares as part of a share purchase agreement valued at $4,311,913, with 67,548,564 shares allocated to Ever Marvel Group Limited[127] Miscellaneous - The company did not declare an interim dividend for the reporting period ending June 30, 2022[37] - The company did not report any income tax expenses for the period[56] - The company has no significant contingent liabilities as of June 30, 2023[43] - The company has not disclosed any new product developments or market expansion strategies in the current report[56] - There were no significant mergers or acquisitions reported during the period[56]

B_table indent_4.5 mm N_table indent_3.5 mm 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概 不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本 盡量排滿版面， 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之任何損失承擔 可斬半段 任何責任。 Crypto Flow Technology Limited 加幂科技有限公司 （前稱Loto Interactive Limited樂透互娛有限公司） （於開曼群島註冊成立之有限公司） （股份代號：8198） 截至二零二三年六月三十日止六個月期間之 中期業績 加幂科技有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」） 會（「董事會」）謹此公佈本集團截至二零二三年六月三十日止六個月期間的 未經審核簡明綜合中期業績。 本公告載有本公司二零二三年中期報告全文，符合香港聯合交易所有限公 司GEM證券上市規則（「GEM上市規則」）有關中期業績初步公告隨附資料的 相關規定。 承董事會命 加幂科技有限公司 行政總裁兼執行董事 黃亦斌 ...

Financial Performance - The company's revenue for the first quarter of 2023 was HKD 6,150,000, a decrease of 19.4% compared to HKD 7,635,000 in the same period of 2022[5] - Gross profit for the first quarter was HKD 4,569,000, significantly up from HKD 793,000 in the previous year, indicating a substantial improvement in profitability[5] - The total comprehensive loss for the period was HKD 5,953,000, slightly improved from a loss of HKD 6,460,000 in the same quarter of 2022[7] - The company reported a basic and diluted loss per share of HKD 1.09, compared to HKD 1.18 in the prior year[7] - Total revenue for the group was approximately HKD 6,200,000, a decrease of HKD 1,400,000 compared to the same period last year[26] - The group recorded a loss of approximately HKD 6,000,000, a reduction of HKD 500,000 or 7.8% compared to a loss of HKD 6,500,000 in the same period last year[29] Revenue Breakdown - Revenue from big data center services was HKD 5,400,000, down from HKD 6,885,000 in the previous year, while revenue from lending business remained stable at HKD 750,000[11] - Revenue from data center services was approximately HKD 5,400,000, down HKD 1,500,000 year-on-year, primarily due to lower rental fees for data processors caused by a decline in cryptocurrency prices[23] - Revenue from lending business remained stable at approximately HKD 800,000, unchanged from the same period last year[27] Expenses and Cost Management - Administrative expenses decreased to HKD 6,772,000 from HKD 7,137,000 year-over-year, reflecting cost management efforts[5] - The financial expenses for the quarter were HKD 123,000, compared to HKD 98,000 in the same period last year[5] - Employee costs decreased by approximately HKD 1,600,000 due to the cessation of operations in China and the sale of subsidiaries, resulting in a reduced workforce[30] - Professional fees increased by approximately HKD 1,000,000, primarily due to the sale of Da Zheng Limited[30] Dividends and Shareholder Information - The company did not declare any dividends for the quarter, consistent with the previous year[16] - No dividends were recommended for the reporting period ending March 31, 2022[38] - As of March 31, 2023, the major shareholder, Wan Fung Industrial Limited, holds 279,815,740 shares, representing 51.02% of the total issued shares[47] - Ever Marvel Group Limited holds 67,548,564 shares, accounting for 12.32% of the total issued shares[47] Strategic Initiatives and Investments - The group plans to continue investing in blockchain technology and web3.0 applications, aiming to provide related application services[29] - The company is focused on developing data centers to expand its existing business, particularly in overseas markets such as North America and Southeast Asia[31] - The company has entered into an agreement to acquire 55% of Your Choice Ever Best, Inc. for approximately $4.31 million (equivalent to about HKD 33.85 million), with the acquisition still pending completion[34] - The company has invested $150,000 (approximately HKD 1.18 million) in Cyberflow Digital Inc., acquiring a 30% stake in the company, which focuses on developing Web3.0 mobile applications and communication platforms[36] - The company has signed a contract with Green Land Energy Inc. for consulting services related to the construction of a data center in the United States, with a total consulting fee of $800,000 (approximately HKD 6.28 million)[37] - The company completed the sale of a subsidiary for HKD 37 million on January 11, 2023, with all conditions of the sale agreement met[33] Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated results for the reporting period, ensuring compliance with applicable accounting standards[52] - There are no competing business interests held by directors or major shareholders that could conflict with the company's operations[51] - The company has not disclosed any new strategies or market expansions during the reporting period[45] - The company did not report any new product or technology developments in the first quarter of 2023[45] Share Options and Equity - The new share option plan approved on December 28, 2022, will remain effective for 10 years from the date of adoption[44] - No share options were granted, exercised, expired, or canceled during the reporting period under the 2012 share option plan[46] - The total number of share options outstanding as of March 31, 2023, is 30,233,600[46] - The total number of options exercised during the reporting period was zero[46] - The company has not reported any mergers or acquisitions in the recent quarter[45] - As of March 31, 2023, the total number of issued shares is 548,408,822, with Wan Feng Industrial Limited holding 279,815,740 shares, representing approximately 51% of the total issued shares[50] - The company entered into a share purchase agreement on March 16, 2023, to acquire shares of Your Choice Ever Best, Inc. for a total consideration of $4,311,913, to be settled by issuing 80,591,701 new shares[50] - Sichuan Hengjia holds 100% direct interest in Ever Marvel Group Limited, which is linked to the acquisition of 67,548,564 shares as part of the share purchase agreement[50]

B_table indent_4.5 mm N_table indent_4 mm 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 盡量排滿版面， 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。 可斬半段 Crypto Flow Technology Limited 加幂科技有限公司 （前稱Loto Interactive Limited樂透互娛有限公司） （於開曼群島註冊成立之有限公司） （股份代號：8198） 截至二零二三年三月三十一日止 三個月期間之第一季度業績 加幂科技有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會（「董 事會」）謹此宣佈本集團截至二零二三年三月三十一日止三個月期間之未經審核簡 明綜合業績。 本公告載有本公司二零二三年第一季度報告全文，符合香港聯合交易所有限公司 GEM證券上市規則（「GEM上市規則」）有關第一季度業績初步公告所附資料的有關 規定。 承董事會命 加幂科技有限公司 行政總裁兼執行董事 黃亦斌 ...