Financial Performance - For the fiscal year ending December 31, 2024, the company reported revenue of approximately SGD 11,800,000, an increase of about SGD 800,000 or 7.3% compared to SGD 11,000,000 for the fiscal year ending December 31, 2023[8]. - The gross profit for the fiscal year 2024 increased to approximately SGD 3,800,000, up SGD 1,300,000 or 52.0% from SGD 2,500,000 in the previous fiscal year, primarily due to an increase in the number of projects undertaken[8]. - Traditional projects accounted for approximately SGD 4,200,000 in revenue for the fiscal year 2024, an increase of about SGD 800,000 from SGD 3,400,000 in the previous year[14]. - Revenue from PPVC projects decreased from approximately SGD 7,200,000 in the fiscal year 2023 to about SGD 7,100,000 in the fiscal year 2024, partially offsetting the overall revenue increase[14]. - The profit for the year ending December 31, 2024, was approximately SGD 300,000, compared to a loss of SGD 100,000 for the year ending December 31, 2023, attributed to higher revenue and lower service costs[22]. Cost Management - The company aims to maintain strict cost control measures while ensuring sufficient liquidity to sustain operations, with a focus on enhancing profitability and exploring long-term growth opportunities[8]. - Service costs decreased by approximately SGD 600,000 or 7.0% to about SGD 8,000,000 for the year ending December 31, 2024, primarily due to lower subcontracting consultancy fees[15]. - Administrative expenses increased by approximately SGD 200,000 or 6.1% to about SGD 3,500,000 for the year ending December 31, 2024, primarily due to rising labor costs[19]. Workforce and Employee Management - As of December 31, 2024, the group had a total of 161 employees, an increase from 143 employees in 2023[35]. - Employee costs for the year amounted to approximately SGD 9.6 million, down from SGD 10 million in 2023[35]. - The employee turnover rate for 2024 was 24.4% for males and 16.2% for females[120]. - The company has implemented measures to reduce employee turnover, including improving talent search and matching processes[126]. - The company achieved a zero occupational accident rate over the past three years, including the reporting period for 2024, with zero work-related fatalities and zero lost days due to injuries[131]. Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report covers the group's key ESG issues and measures from January 1, 2024, to December 31, 2024[38]. - The company is committed to providing substantial returns to investors while minimizing operational risks and ensuring a safe working environment for employees[45]. - The company conducts annual materiality assessments to understand stakeholder expectations regarding ESG issues[46]. - Key ESG areas identified include emissions, resource usage, climate change, employee health and safety, and community investment[53]. - The company adheres to all national and local environmental laws and regulations, implementing a "green environment policy" to assess environmental impacts[56]. Climate Change and Sustainability - The company aims to reduce CO2 emissions by 2% to 3% in the coming year through various energy efficiency initiatives[66]. - The company reported a decrease in Scope 2 greenhouse gas emissions, from 82.58 tons in 2023 to 75.74 tons in 2024, representing an 8.28% reduction[106]. - The company has identified global warming and water conservation as critical climate issues to address[89]. - The company is exploring new technologies and sustainable materials to adapt to changing resource costs and availability[99]. - The company has achieved ISO 14001:2015 environmental management system certification in Singapore and Vietnam, promoting energy-saving guidelines for green building projects[107]. Corporate Governance - The board emphasizes the importance of high corporate governance standards to protect shareholder interests and enhance corporate value[155]. - The company has adhered to the corporate governance code since its listing, with the exception of one provision regarding the separation of the roles of chairman and CEO[156][164]. - The board consists of a balanced mix of executive and independent non-executive directors, ensuring diverse expertise and independent judgment[166]. - The audit committee held five meetings during the year ending December 31, 2024, to review financial performance and significant financial reporting matters[178]. - The company has established mechanisms to ensure the board can obtain independent viewpoints[195]. Community Engagement and Social Responsibility - The group donated approximately HKD 46,476 to the Run for Heart event and sponsored SGD 10,000 for the Assisi Fun Day, supporting terminally ill patients and their families[150]. - The group sponsored approximately HKD 11,185 for Malaysia's National Day event and donated around HKD 25,066 to the Memorial Blood Centers Donation 2024[150]. - The company has implemented a comprehensive safety and health policy, ensuring a harmonious and pleasant working environment without labor disputes or litigation during the reporting period[137].

Financial Performance - The total revenue for the fiscal year ending December 31, 2024, was HKD 11,020,000, a decrease of 6.5% compared to HKD 11,792,000 in the previous year[4] - The gross profit for the fiscal year was HKD 2,451,000, down 34.6% from HKD 3,755,000 in the previous year[4] - The net loss for the year was HKD 124,000, compared to a profit of HKD 347,000 in the previous year, indicating a significant decline[4] - The company reported a basic loss per share of HKD (0.02), compared to a profit of HKD 0.05 per share in the previous year[4] - The total comprehensive loss for the year was HKD (168,000), compared to a comprehensive income of HKD 326,000 in the previous year[4] - The group reported consulting service revenue of 10,109 thousand New Taiwan Dollars for the year 2024, compared to 10,653 thousand New Taiwan Dollars in 2023, indicating a decrease of approximately 5.1%[15] - Other service revenue for the group was 1,683 thousand New Taiwan Dollars in 2024, significantly up from 367 thousand New Taiwan Dollars in 2023, reflecting a substantial increase of approximately 358.6%[15] - Total revenue for the group in 2024 reached 11,792 thousand New Taiwan Dollars, compared to 11,020 thousand New Taiwan Dollars in 2023, marking an increase of about 7%[15] - For the fiscal year ending December 31, 2024, the company reported a pre-tax profit of 347,000 thousand NTD, compared to a loss of 124,000 thousand NTD in the previous year[24] - The group’s total expenses were NT$617,000 for 2024, slightly down from NT$618,000 in 2023, indicating a marginal decrease of 0.2%[27] Assets and Liabilities - Total assets as of December 31, 2024, amounted to 5,092 thousand SGD, an increase from 4,453 thousand SGD in 2023, representing a growth of approximately 14.4%[5] - Current liabilities increased to 1,284 thousand SGD in 2024 from 1,423 thousand SGD in 2023, indicating a decrease of about 9.8%[5] - The net asset value of the company rose to 4,047 thousand SGD in 2024, compared to 3,721 thousand SGD in 2023, reflecting an increase of approximately 8.8%[5] - The company’s total liabilities decreased to 1,284 thousand SGD in 2024 from 1,423 thousand SGD in 2023, a reduction of about 9.8%[5] - The group reported total liabilities of NT$1,078,000 for 2024 compared to NT$924,000 for 2023, representing an increase of 16.7%[27] Income and Expenses - Administrative expenses amounted to HKD 3,315,000, a decrease of 4.9% compared to HKD 3,487,000 in the previous year[4] - Other income and gains for the year were HKD 683,000, an increase from HKD 389,000 in the previous year[4] - The company recognized a provision for expected credit losses of HKD 128,000, compared to a reversal of HKD (263,000) in the previous year[4] - Employee costs, including director remuneration, increased from 8,649,000 thousand NTD in 2023 to 8,993,000 thousand NTD in 2024, reflecting a growth of approximately 4%[6] - The company's service costs rose from 7,511,000 thousand NTD in 2023 to 8,006,000 thousand NTD in 2024, indicating an increase of about 6.6%[6] - Research and development expenses increased from 469,000 thousand NTD in 2023 to 540,000 thousand NTD in 2024, marking an increase of approximately 15.2%[6] - Administrative expenses decreased from 2,115,000 thousand NTD in 2023 to 1,953,000 thousand NTD in 2024, showing a reduction of about 7.7%[6] Future Projections - The group’s revenue for the fiscal year ending December 31, 2024, is projected to be approximately 11,800,000 SGD, an increase of about 800,000 SGD or 7.3% from the previous year[40] - Service costs are expected to decrease to approximately 8,000,000 SGD for the fiscal year ending December 31, 2024, a reduction of about 600,000 SGD or 7.0%[41] - Gross profit is anticipated to rise to approximately 3,800,000 SGD for the fiscal year ending December 31, 2024, an increase of about 1,300,000 SGD or 52.0%[42] - Other income is projected to decrease to approximately 389,000 SGD for the fiscal year ending December 31, 2024, a reduction of about 294,000 SGD or 43.0%[43] - Administrative expenses are expected to increase to approximately 3,500,000 SGD for the fiscal year ending December 31, 2024, an increase of about 200,000 SGD or 6.1%[44] - The group is expected to report a profit of approximately 300,000 SGD for the fiscal year ending December 31, 2024, compared to a loss of about 100,000 SGD in the previous year[46] Corporate Governance and Operations - The company has maintained high standards of corporate governance, believing it is essential for protecting shareholder interests and enhancing corporate value[61] - The board believes that the current arrangement of having the same individual serve as both Chairman and CEO is appropriate for effective management and business development[62] - The audit committee has reviewed the group's financial statements for the year ending December 31, 2024, and believes they comply with applicable accounting standards and regulations[66] - The company has been operating in the civil and structural engineering market in Singapore for over 18 years and has expanded its services to Vietnam since 2009[33] - The group has expanded its operations in Singapore and Vietnam, with expected full utilization of allocated funds by December 31, 2025[56] - The company is continuously enhancing its information technology by purchasing more software licenses to improve efficiency and meet regulatory requirements[60] Shareholder Information - The company did not declare or recommend any dividends for the fiscal year ending December 31, 2024, consistent with the previous year[23] - The board has resolved not to declare any dividends for the fiscal year ending December 31, 2024[50] - The company will suspend share registration from June 10, 2025, to June 13, 2025, to determine eligible shareholders for the annual general meeting[68] - The annual performance announcement will be published on the Hong Kong Stock Exchange website and the company's website, with the annual report for the year ending December 31, 2024, to be sent to shareholders in due course[69] - The board expresses gratitude to shareholders, business partners, and employees for their continuous support and efforts[70]

WMCH Global Investment Limited (於開曼群島註冊成立的有限公司) 股份代號 : 8208 中 期 報 告 香港聯合交易所有限公司(「聯交所」) GEM之特色 GEM 的定位,乃為相比超其他在聯交所上市之公司帶有較高投資國險之中小型公司提供一個 上市之市場 · 有意投資者應了解投資該等公司之潛在風險,並應經過審價周詳之考慮後方作 出投資決定 • 由於GEM上市公司普遍為中小型公司,在GEM買賣之證券可能會較於聯交所主板買賣之證 券承受較大之市場波動風險,同時無法保證在GEM 買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責,對其準確性或完整性亦不發 表任何聲明 ·並明確表示概不就因本報告全部或任何部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。 本報告的資料乃遵照聯交所GEM證券上市規則(「GEM上市規則」之規定而刊載·旨在提供 有關WMCH Global Investment Limited([本公司])的資料：本公司的董事(統帶或個別[董事]) 願就本報告的資料共同及個別地承擔全部責任。董事在作出一切合理查詢後,確認就其所知 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was 4,911 thousand SGD, an increase of 7.9% compared to 4,552 thousand SGD for the same period in 2023[2] - Gross profit for the same period was 777 thousand SGD, significantly up from 428 thousand SGD, representing an increase of 81.6%[2] - The net loss for the period was 867 thousand SGD, compared to a net loss of 794 thousand SGD in the previous year, indicating a 9.2% increase in losses[2] - The group reported a net loss attributable to shareholders of 867,000 SGD for the six months ended June 30, 2024, compared to a loss of 794,000 SGD in 2023[18] - The group reported a loss of approximately 900,000 SGD for the six months ending June 30, 2024, compared to a loss of 800,000 SGD for the same period in 2023[38] Assets and Liabilities - Total assets as of June 30, 2024, were 3,559 thousand SGD, down from 4,468 thousand SGD as of December 31, 2023, reflecting a decrease of 20.4%[3] - Current liabilities increased to 1,741 thousand SGD from 1,423 thousand SGD, marking a rise of 22.3%[3] - Total equity as of June 30, 2024, was 2,850 thousand SGD, down from 3,721 thousand SGD, representing a decrease of 23.4%[3] - The group's total assets decreased to approximately 5,300,000 SGD as of June 30, 2024, down from 5,900,000 SGD in 2023[38] - The group's total equity decreased to approximately 2,900,000 SGD as of June 30, 2024, compared to 3,700,000 SGD in 2023[38] Cash Flow - For the six months ending June 30, 2024, the net cash used in operating activities was (951) thousand SGD, compared to (1,140) thousand SGD for the same period in 2023, representing a decrease of approximately 16.6%[5] - The net cash used in investing activities was (26) thousand SGD, a significant decrease from 782 thousand SGD in the previous year, indicating a shift in investment strategy[5] - Cash flow from financing activities showed a net inflow of 139 thousand SGD, compared to a net outflow of (137) thousand SGD in the prior year, reflecting improved financing conditions[5] - The cash and cash equivalents at the end of the period were 896 thousand SGD, down from 1,680 thousand SGD at the end of the previous year, indicating a reduction in liquidity[5] Income and Expenses - The company reported other income of 95 thousand SGD, down from 659 thousand SGD in the previous year, a decline of 85.6%[2] - Total administrative expenses for the six months ended June 30, 2024, were 1,046,000 SGD, slightly up from 1,034,000 SGD in the same period of 2023[16] - Research and development expenses were 125,000 SGD for the six months ended June 30, 2024, down from 150,000 SGD in 2023, indicating a decrease of 16.7%[16] - The total cost of services for the six months ended June 30, 2024, was 3,842,000 SGD, down from 3,990,000 SGD in 2023, indicating a reduction of 3.7%[16] Shareholder Information - WMCH Global Holdings Limited holds 367,212,000 shares, representing a 51.0% ownership stake in the company as of June 30, 2024[49] - Tan Seow Hong holds a total of 367,920,000 shares, which accounts for a 51.1% ownership stake in the company[49] - The group entered into related party transactions amounting to SGD 110,000 for the six months ending June 30, 2024, compared to none in 2023[66] Corporate Governance - The company has maintained the required public float as per GEM listing rules as of the interim results announcement date[73] - The company has adhered to all corporate governance codes except for the provision C.2.1, which allows the same individual to serve as both Chairman and CEO[77] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the interim financial results and confirmed compliance with applicable accounting standards[79] - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[78] Employee Information - As of June 30, 2024, the group had a total of 143 employees, a decrease from 150 employees in 2023[46] - Employee costs for the group were approximately 4,900,000 SGD as of June 30, 2024, compared to 5,000,000 SGD in 2023, indicating a reduction of about 2%[46] - The company emphasizes the importance of employee quality and performance for its long-term success and development[46] - The group provides regular internal training to enhance employee knowledge and skills[46] Investment and Future Plans - The company has an investment property with a carrying value of 1,279,000 SGD as of June 30, 2024, after accounting for accumulated depreciation of 271,000 SGD[21] - The company has entered into a preliminary agreement to sell the investment property for 1,485,000 SGD, which is yet to be completed[22] - The company has no significant investment or acquisition plans as of June 30, 2024[41] Risks and Uncertainties - The group faces foreign exchange risk primarily related to the Vietnamese Dong, but currently does not have a foreign currency hedging policy due to the perceived insignificance of the risk[43] - The group will continue to closely monitor foreign exchange risks and consider hedging strategies if necessary[43] - There are no significant changes in the major risks and uncertainties affecting the group's business as outlined in the prospectus dated November 14, 2019[44]

Financial Performance - For the fiscal year ending December 31, 2023, the company reported revenue of approximately SGD 11,000,000, an increase of about SGD 800,000 or 7.8% compared to SGD 10,200,000 for the fiscal year ending December 31, 2022[6]. - Gross profit increased from approximately SGD 1,500,000 to SGD 2,400,000, representing a growth of 60.0% due to an increase in the number of projects undertaken[6]. - The company recorded revenue from PPVC projects of approximately SGD 7,200,000 for the fiscal year ending December 31, 2023, up from SGD 5,400,000 in the previous year, an increase of about SGD 1,800,000[11]. - Traditional project revenue decreased from approximately SGD 4,800,000 to SGD 3,400,000, a decline of about SGD 1,400,000[11]. - Gross profit increased by approximately 1,000,000 SGD or 65.8% to about 2,500,000 SGD for the year ending December 31, 2023, primarily due to increased revenue[15]. - Other income rose by approximately 290,000 SGD or 73.8% to about 683,000 SGD for the year ending December 31, 2023, mainly from the sale of properties, plants, and equipment[16]. - Loss for the year ending December 31, 2023, was approximately 100,000 SGD, a decrease from a loss of 1,700,000 SGD for the year ending December 31, 2022[24]. - Total assets decreased to approximately 5,900,000 SGD as of December 31, 2023, down from about 6,200,000 SGD in 2022[27]. - The debt-to-equity ratio as of December 31, 2023, was approximately 33.5%, compared to 31.6% in 2022[27]. Cost Management and Operational Strategy - The company aims to maintain strict cost control measures while ensuring sufficient liquidity to sustain operations in a challenging business environment[6]. - The management team is committed to exploring additional revenue sources through acquisitions of promising businesses or projects to create more value for shareholders[10]. - The company plans to expand its workforce to provide high-quality and efficient services amid competitive market conditions[10]. - Service costs decreased by approximately 100,000 SGD or 1.1% to about 8,600,000 SGD for the year ending December 31, 2023[12]. - Administrative expenses increased by approximately 100,000 SGD or 3.1% to about 3,300,000 SGD for the year ending December 31, 2023, primarily due to increased travel expenses[17]. - Financing costs increased by approximately 15,000 SGD or 28.6% to about 51,000 SGD for the year ending December 31, 2023[22]. - The employee cost for the year ended December 31, 2023, was approximately SGD 10,000,000, compared to SGD 9,900,000 in 2022[38]. - The group has delayed hiring due to economic uncertainties while continuing to seek business opportunities[40]. Environmental, Social, and Governance (ESG) Initiatives - The board is committed to sustainable development and corporate social responsibility, focusing on resource management and compliance with environmental, social, and governance standards[44]. - The company has adopted the GEM listing rules for environmental, social, and governance reporting, ensuring compliance and enhancing its corporate image[44]. - The total indirect carbon emissions for 2023 were 82.58 tons, a decrease of 1.60% from 83.92 tons in 2022[62]. - The company aims to reduce carbon emissions by 2% to 3% in the coming year through various energy efficiency initiatives[63]. - The company has established key performance indicators to monitor the implementation of environmental, social, and governance strategies[49]. - The company adheres to all national and local environmental laws and regulations, implementing a "green environmental policy" to balance business operations and environmental protection[58]. - The company has achieved ISO 14001:2015 environmental management system certification in Singapore and Vietnam, promoting energy-saving guidelines for green building projects[81]. Employee and Workplace Policies - The company has a commitment to providing a safe, healthy, and fair working environment, emphasizing equal opportunities for recruitment and promotion[85]. - The employee turnover rate for 2023 was 31.6% for males and 33.3% for females, with a total turnover rate of 32.0%[98]. - The company provides comprehensive medical and accident insurance for employees in Singapore and Vietnam, covering all eligible staff[107]. - The company has implemented a "people-centered" human resources policy to create a happy, harmonious, and safe working environment[107]. - The company has established a series of internal training programs in various fields, including occupational safety and technical skills, to enhance employee capabilities[111]. - Average training hours per employee were 2.23 for internal training and 1.07 for external training in 2023, down from 2.84 and 1.33 in 2022[113]. Corporate Governance - The board of directors has confirmed compliance with GEM Listing Rules from the listing date until December 31, 2023[134]. - The board consists of four executive directors, including Mr. Huang Sheng as the chairman and CEO[137]. - The company has maintained at least three independent non-executive directors, constituting one-third of the board[140]. - The board is responsible for overseeing the company's operations and financial performance, ensuring effective internal controls and risk management[143]. - The company has adopted a board diversity policy to ensure a balanced mix of skills, experience, and diversity among board members[168]. - The audit committee's main responsibilities include reviewing and supervising financial reporting processes and ensuring compliance with GEM listing rules[151]. Audit and Compliance Issues - The company has faced challenges in obtaining sufficient audit evidence from a 40% owned entity, leading to a qualified audit opinion due to lack of response from the entity[179]. - Legal counsel has been instructed to pursue legal avenues to access the financial records of the entity, as it has failed to provide necessary financial information[180]. - The company is exploring options to sell its entire stake in the entity, including buyback proposals from the controlling shareholder and potential sales to independent third-party investors, both of which have been rejected[180]. - The audit committee has confirmed its understanding of the basis for the retained audit opinion and has agreed with the board's position[185]. - The company will keep shareholders and investors updated on the progress of resolving the audit issues[186].

Financial Performance - For the fiscal year ending December 31, 2023, the company reported total revenue of 11,020 thousand SGD, an increase of 7.8% compared to 10,221 thousand SGD in the previous year[5] - The gross profit for the year was 2,451 thousand SGD, representing a significant increase of 66.5% from 1,478 thousand SGD in the prior year[5] - The company recorded a net loss of 124 thousand SGD for the year, a substantial improvement compared to a net loss of 1,730 thousand SGD in the previous year[5] - The basic and diluted loss per share improved to 0.02 SGD from 0.24 SGD year-over-year[5] - Other income increased to 683 thousand SGD, compared to 393 thousand SGD in the previous year, marking a growth of 73.7%[5] - The group reported a loss of approximately 100,000 SGD for the year ending December 31, 2023, a decrease from a loss of approximately 1,700,000 SGD for the year ending December 31, 2022[52] Expenses and Liabilities - Administrative expenses rose to 3,315 thousand SGD, up from 3,184 thousand SGD, indicating a 4.1% increase year-over-year[5] - Total liabilities decreased from 1,598,000 to 1,423,000, a decline of about 10.9% year-over-year[6] - The company’s total expenses for 2023 were NT$9,959,000, compared to NT$9,935,000 in 2022, reflecting a marginal increase of 0.24%[25] - Financing costs increased by approximately 15,000 SGD or 28.6% to about 51,000 SGD for the year ending December 31, 2023, compared to approximately 36,000 SGD for the year ending December 31, 2022[50] Assets and Equity - Total assets decreased from 4,649,000 to 4,468,000, a decline of approximately 3.9% year-over-year[6] - Total equity decreased from 3,889,000 to 3,721,000, a decline of about 4.3% year-over-year[6] - The company reported a net asset value of 3,721,000, down from 3,889,000, reflecting a decrease of approximately 4.3%[6] - The total assets decreased to approximately S$5,900,000 in 2023 from about S$6,200,000 in 2022, while total equity decreased to approximately S$3,700,000 from about S$3,900,000[58] Revenue Segmentation - Revenue from Singapore was 8,556 thousand SGD in 2023, up from 7,677 thousand SGD in 2022, indicating a growth of about 11.4%[19] - Revenue from Vietnam was 2,246 thousand SGD in 2023, slightly decreasing from 2,331 thousand SGD in 2022, reflecting a decline of approximately 3.6%[19] - The group's revenue for the year 2023 was 11,020 thousand SGD, an increase from 10,221 thousand SGD in 2022, representing a growth of approximately 7.8%[16] Operational Outlook - Future outlook remains cautious, with a focus on improving operational efficiency and cost management[5] - The group aims to expand its workforce to provide high-quality and efficient services, while exploring other revenue sources through acquisitions of promising businesses or projects[42] - The group faces challenges from geopolitical and economic uncertainties, including inflationary pressures and labor shortages, which may impact profitability[41] Corporate Governance and Compliance - The company is committed to maintaining high standards of corporate governance, which is essential for protecting shareholder interests and enhancing corporate value[70] - The audit committee has reviewed the consolidated financial statements for the year ending December 31, 2023, and believes they comply with applicable accounting standards[76] - The announcement complies with GEM listing rules, ensuring transparency and accountability in the information provided[84] Employee and Workforce - As of December 31, 2023, the group had a total of 143 employees, a decrease from 155 employees in 2022[68] - Employee costs for the year amounted to approximately SGD 10,000,000, compared to SGD 9,900,000 in 2022, reflecting a slight increase[68] Investment and Future Plans - The company plans to enhance its information technology systems, including purchasing more software licenses to improve efficiency and meet regulatory requirements[67] - The company aims to expand operations in Vietnam, but plans to establish new offices in Da Nang and Ho Chi Minh City have been postponed due to economic slowdown since early 2020[67] - The expected timeline for utilizing the remaining net proceeds is based on the board's best estimates of business conditions and may be adjusted according to market conditions[66]

Financial Performance - For the fiscal year ending December 31, 2023, the company reported total revenue of 11,020 thousand SGD, an increase of 7.8% compared to 10,221 thousand SGD in the previous year[5] - The gross profit for the year was 2,451 thousand SGD, representing a significant increase of 66.5% from 1,478 thousand SGD in the prior year[5] - Administrative expenses rose to 3,315 thousand SGD, up from 3,184 thousand SGD, indicating a 4.1% increase year-over-year[5] - The company recorded a net loss of 124 thousand SGD for the year, a substantial improvement compared to a net loss of 1,730 thousand SGD in the previous year[5] - The basic and diluted loss per share improved to 0.02 SGD from 0.24 SGD year-over-year[5] - Other income increased to 683 thousand SGD, compared to 393 thousand SGD in the previous year, marking a growth of 73.7%[5] Assets and Liabilities - Total assets decreased from 4,649,000 to 4,468,000, a decline of approximately 3.9% year-over-year[6] - Current assets decreased from 4,588,000 to 4,453,000, a decline of about 2.9% year-over-year[6] - Cash and cash equivalents decreased from 2,166,000 to 1,738,000, a decline of approximately 19.7% year-over-year[6] - Total liabilities decreased from 1,598,000 to 1,423,000, a decline of about 10.9% year-over-year[6] - Non-current liabilities decreased from 760,000 to 747,000, a decline of approximately 1.7% year-over-year[6] - Total equity decreased from 3,889,000 to 3,721,000, a decline of about 4.3% year-over-year[6] - Current liabilities decreased from 1,114,000 to 924,000, a decline of approximately 17.0% year-over-year[6] - The company reported a net asset value of 3,721,000, down from 3,889,000, reflecting a decrease of about 4.3%[6] - The company’s total borrowings decreased from 703,000 to 657,000, a decline of approximately 6.5% year-over-year[6] - The company’s retained earnings decreased from 2,632,000 to 2,464,000, a decline of about 6.4% year-over-year[6] Revenue Breakdown - Revenue from Singapore was 8,556 thousand SGD in 2023, up from 7,677 thousand SGD in 2022, indicating a growth of about 11.4%[19] - Revenue from Vietnam was 2,246 thousand SGD in 2023, slightly down from 2,331 thousand SGD in 2022, reflecting a decrease of approximately 3.6%[19] - The expected remaining performance obligations for the next year are 8,773 thousand SGD, compared to 9,986 thousand SGD in the previous year, showing a decline of about 12.2%[17] - The group has identified a single operating segment focused on civil and structural engineering consulting services, with no separate segment analysis provided[17] Operational Insights - The company has not reported any significant new product launches or technological advancements during the fiscal year[5] - There are no updates on market expansion or mergers and acquisitions mentioned in the report[5] - Future outlook remains cautious, with a focus on improving operational efficiency and reducing losses[5] - The group aims to expand its workforce to provide high-quality and efficient services, while exploring other revenue sources through acquisitions of promising businesses or projects[42] - The group has been operating in the civil and structural engineering market in Singapore for over 17 years and has expanded its services to Vietnam since 2009[39] - The group faces challenges from geopolitical and economic uncertainties, including inflationary pressures and labor shortages, which may impact profitability[41] Employee and Cost Management - Total employee costs, including director remuneration, increased to NT$9,959,000 in 2023 from NT$9,935,000 in 2022, a rise of 0.24%[25] - As of December 31, 2023, the group had a total of 143 employees, a decrease from 155 employees in 2022[68] - Employee costs for the year amounted to approximately SGD 10,000,000, compared to SGD 9,900,000 in 2022, reflecting a slight increase[68] Corporate Governance and Compliance - The company is committed to maintaining high standards of corporate governance, which is essential for protecting shareholder interests and enhancing corporate value[70] - The independent auditor's report confirms that the consolidated financial statements reflect the financial position of the company as of December 31, 2023[34] - The audit committee has reviewed the consolidated financial statements for the year ending December 31, 2023, and believes they comply with applicable accounting standards[76] - The announcement complies with GEM listing rules, ensuring the accuracy and completeness of the information provided[84] Future Plans and Investments - The company plans to invest HKD 5.5 million (34.16%) in further R&D to enhance its PPVC technology[66] - The expected utilization of unallocated net proceeds includes HKD 6.2 million (38.51%) for working capital[66] - The company aims to establish a support office in Hong Kong, with an expected allocation of HKD 1.0 million (6.21%)[66] - The expansion plans in Vietnam have been delayed primarily due to economic slowdown since early 2020[67] - The company is actively enhancing its information technology systems, including purchasing more software licenses to improve efficiency[67] Dividends and Shareholder Communication - The company did not declare or recommend any dividends for the year ending December 31, 2023, consistent with 2022[26] - The board has resolved not to declare any dividends for the year ending December 31, 2023[56] - The annual report for the year ending December 31, 2023, will be sent to shareholders and made available on the company's and the stock exchange's websites[80] - The company expresses gratitude to shareholders, business partners, and employees for their support and efforts as of December 31, 2023[81]

Financial Performance - For the nine months ended September 30, 2023, the company reported total revenue of SGD 7,414,000, an increase of 12.2% compared to SGD 6,608,000 for the same period in 2022[6]. - The gross profit for the same period was SGD 1,200,000, significantly up from SGD 189,000 in 2022, reflecting a gross margin improvement[6]. - The company incurred a loss before tax of SGD 792,000, which is an improvement from a loss of SGD 1,663,000 in the previous year[6]. - The total comprehensive loss for the period was SGD 802,000, compared to SGD 1,667,000 in the same period last year, indicating a reduction in overall losses[6]. - Basic and diluted loss per share for the nine months was SGD 0.11, down from SGD 0.25 in the previous year[9]. - The company reported other income of SGD 700,000 for the nine months, up from SGD 269,000 in the previous year, indicating growth in additional revenue streams[6]. - The company reported a loss attributable to owners of the company of 792 thousand SGD for the nine months ended September 30, 2023, compared to a loss of 1,663 thousand SGD in the same period of 2022, indicating an improvement[36]. - The group reported a loss of approximately SGD 800,000 for the nine months ended September 30, 2023, a decrease from a loss of SGD 1,700,000 for the same period in 2022[49]. Revenue Breakdown - Revenue from Singapore increased to 5,990 thousand SGD, up 20.9% from 4,949 thousand SGD in 2022, while revenue from Vietnam decreased to 1,284 thousand SGD, down 21% from 1,623 thousand SGD[26]. - Revenue from the Prefabricated Prefinished Volumetric Construction (PPVC) projects was approximately SGD 3,600,000, an increase of about SGD 500,000 from SGD 3,100,000 in the previous year[42]. - The group's revenue increased by approximately SGD 800,000 or 12.1% to about SGD 7,400,000 for the nine months ended September 30, 2023, compared to SGD 6,600,000 for the same period in 2022[42]. Expenses and Costs - Administrative expenses increased to SGD 2,638,000 from SGD 2,188,000, reflecting higher operational costs[6]. - Administrative expenses rose to 2,638 thousand SGD, an increase of 20.5% from 2,188 thousand SGD in the previous year, primarily due to higher employee costs and research and development expenses[30]. - The group's administrative expenses increased by approximately SGD 400,000 or 18.2% to SGD 2,600,000, primarily due to higher auditor fees and increased travel expenses following the reopening of borders[45]. - The company's total employee costs, including directors' remuneration, increased to 7,425 thousand SGD from 7,130 thousand SGD in the previous year[34]. - Research and development expenses increased to 379 thousand SGD, up from 339 thousand SGD in the previous year, reflecting the company's commitment to innovation[30]. - Financing costs rose by approximately SGD 24,000 or 80.0% to SGD 54,000, mainly due to increased interest rates on bank loans and lease liabilities[46]. Equity and Assets - The company's total equity as of September 30, 2023, was SGD 3,087,000, a decrease from SGD 3,983,000 at the beginning of the year[10]. - Total assets decreased to approximately SGD 4,800,000 from SGD 5,900,000 in the previous year, while total equity decreased to approximately SGD 3,100,000 from SGD 4,000,000[50]. Shareholder Information - Mr. Huang Sheng holds 367,212,000 shares, representing 51.0% of the company's ordinary shares, through WMCH Global Holdings Limited[70]. - Ms. Tan Seow Hong, as the spouse of Mr. Huang Sheng, holds 367,920,000 shares, representing 51.1% of the company's ordinary shares[70]. - The company has a significant concentration of ownership, with major shareholders holding over 51% of the total shares[70]. Corporate Governance - The company confirmed compliance with the GEM Listing Rules regarding public float requirements as of the reporting date[104]. - The board of directors has adhered to the corporate governance code principles and rules since the listing date up to September 30, 2023, with one exception noted[109]. - The chairman and CEO positions are held by the same individual, Mr. Huang Sheng, which the board believes is in the best interest of the company for effective management and business development[110]. - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements for the nine months ending September 30, 2023, and confirmed compliance with applicable accounting standards[113]. - The company has established an audit committee to ensure proper governance and oversight of financial reporting and internal controls[113]. Stock Options and Incentives - The company has a stock option plan that allows for a maximum of 60,000,000 shares to be issued upon exercise, which is 10% of the total shares issued at the time of listing[83]. - The stock option plan aims to attract and retain top talent and provide additional incentives to employees, directors, and business partners[78]. - As of September 30, 2023, the company has not granted any stock options since the adoption of the stock option plan on November 6, 2019, and there are no unexercised stock options[74]. - The company has not issued any stock options since the adoption of the plan, indicating a potential focus on other forms of compensation or incentives[75]. - The stock option plan is subject to the terms and conditions set forth in the GEM Listing Rules[79]. Related Party Transactions - The group entered into related party transactions amounting to SGD 59,000 for the nine months ended September 30, 2023, compared to none in 2022[94]. - There were no related party transactions established by the group for the nine months ended September 30, 2023, consistent with 2022[95].

香港交易及結算所有限公司及聯交所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。 WMCH GLOBAL INVESTMENT LIMITED （於開曼群島註冊成立的有限公司） （股份代號：8208） 截 至 二 零 二 三 年 九 月 三 十 日 止 九 個 月 之 第 三 季 度 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為相比起其他在聯交所上市之公司帶有較高投資風險之 中小型公司提供一個上市之市場。有意投資者應了解投資該等公司之潛 在風險，並應經過審慎周詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於聯 交所主板買賣之證券承受較大之市場波動風險，同時無法保證在GEM買 賣之證券會有高流通量之市場。 本公告的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）之規定 而刊載，旨在提供有關WMCH Global Investment Limited（「本公司」）的資料； 本公司的董事（統稱或個別「董事」）願就本公 ...

Financial Performance - The company reported revenue of SGD 4,552,000 for the six months ended June 30, 2023, representing an increase of 5.2% compared to SGD 4,328,000 in the same period of 2022[6]. - Gross profit for the period was SGD 428,000, a significant increase from SGD 7,000 in the previous year, indicating improved operational efficiency[6]. - The company incurred a loss before tax of SGD 794,000, which is a 41.7% improvement compared to a loss of SGD 1,361,000 in the prior year[6]. - Basic and diluted loss per share improved to SGD 0.11 from SGD 0.21 year-over-year[9]. - The company reported a total comprehensive loss of SGD 791,000 for the period, an improvement from a total comprehensive loss of SGD 1,364,000 in the previous year[9]. - The group's loss for the six months ended June 30, 2023, was approximately 800,000 SGD, a reduction from a loss of about 1,400,000 SGD in the same period in 2022[74]. Revenue Breakdown - Revenue from consulting services increased to 4,431 thousand SGD in 2023, compared to 4,096 thousand SGD in 2022, marking an 8.2% increase[30]. - Revenue from Singapore customers rose to 3,696 thousand SGD in 2023, up from 3,076 thousand SGD in 2022, reflecting an increase of 20.1%[31]. - Revenue from Vietnam customers decreased to 836 thousand SGD in 2023 from 1,216 thousand SGD in 2022, a decline of 31.2%[31]. - Other income, including government subsidies, totaled 659 thousand SGD in 2023, significantly higher than 186 thousand SGD in 2022, indicating a substantial increase in financial support received[33]. - The revenue from the factory prefabricated volume construction technology (PPVC) project was approximately 2,100,000 SGD, an increase of about 200,000 SGD from 1,900,000 SGD in the previous period[67]. Asset and Liability Management - Total assets decreased to SGD 3,965,000 as of June 30, 2023, down from SGD 4,649,000 at the end of 2022, reflecting a reduction in current assets[11]. - The company's net asset value decreased to SGD 3,098,000 from SGD 3,889,000 at the end of 2022, indicating a decline in overall equity[13]. - Total liabilities decreased to 755,000 SGD as of June 30, 2023, from 1,114,000 SGD at the end of 2022, a reduction of 32.3%[57]. - The debt-to-equity ratio as of June 30, 2023, was approximately 59.1%, up from 49.4% in 2022[78]. Cash Flow Analysis - The net cash used in operating activities for the first half of 2023 was (1,140) thousand SGD, compared to (1,120) thousand SGD in the same period of 2022, indicating a slight increase in cash outflow[18]. - The net cash inflow from investing activities was 782 thousand SGD in 2023, a significant improvement from (18) thousand SGD in 2022, primarily due to proceeds from the sale of property, plant, and equipment amounting to 780 thousand SGD[18]. - The net cash used in financing activities increased to (137) thousand SGD in 2023 from (94) thousand SGD in 2022, reflecting higher repayments of lease liabilities[18]. - The company reported a net decrease in cash and cash equivalents of 495 thousand SGD in the first half of 2023, compared to a net decrease of 1,232 thousand SGD in the same period of 2022, showing improved cash management[18]. Employee and Operational Costs - Employee costs, including directors' remuneration, totaled 5,024,000 SGD in 2023, up from 4,779,000 SGD in 2022, indicating a 5.1% increase[39]. - Research and development expenses decreased to 150,000 SGD in 2023 from 246,000 SGD in 2022, reflecting a 39% reduction[39]. - Service costs decreased by approximately 200,000 SGD or 16.2% to about 4,100,000 SGD, largely due to employee turnover during the period[68]. - Administrative expenses increased by approximately 200,000 SGD or 12.5% to about 1,800,000 SGD, primarily due to increased travel expenses following the reopening of borders[71]. - Financing costs rose by approximately 16,000 SGD or 84.2% to about 35,000 SGD, mainly due to increased bank loan rates and lease liabilities[72]. Corporate Governance and Compliance - The company has maintained the public float required by the GEM listing rules as of the date of this interim report[125]. - The company has complied with all relevant laws and regulations that have a significant impact on its business, including health and safety, workplace conditions, employment, and environmental regulations[128]. - The board of directors is committed to maintaining high standards of corporate governance, which is essential for protecting shareholder interests and enhancing corporate value[130]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated financial statements for the six months ended June 30, 2023, and confirmed compliance with applicable accounting standards[134]. - The company has established an audit committee in accordance with GEM listing rules and corporate governance code, ensuring proper oversight of financial reporting and internal controls[134]. Shareholder Information - As of June 30, 2023, Mr. Huang Sheng holds 367,212,000 shares, representing 51.0% of the company's total shares[88]. - Tan Seow Hong, as a spouse, holds rights to 367,920,000 shares, which is 51.1% of the total shares[92]. - The company has not granted any stock options since the adoption of the stock option plan on November 6, 2019, and there are no unexercised options as of June 30, 2023[96]. - The stock option plan aims to attract and retain top talent and provide additional incentives to employees and partners[99].