StarGlory Holdings Company Limited 榮暉控股有限公司 （股份代號：8213） （於開曼群島註冊成立之有限公司） 截至二零二零年十二月三十一日止九個月 第三季度業績報告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的中小 型公司提供一個上市的市場。有意投資的人士應了解投資於該等公司的潛在風 險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司通常為中小型公司，在GEM買賣的證券可能會較於主板買 賣之證券承受較大之市場波動風險，同時無法保證在GEM買賣的證券會有高流 通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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」）而刊載，旨 在提供有關榮暉控股有限公司（「本公司」）之資料。本公司的董事（「董事」）願就 本報告的資料共同及個別承擔全部責任。各董事在作出一切合理查詢後，確認 就其所知 ...

Financial Performance - For the six months ended September 30, 2020, the consolidated revenue of StarGlory Holdings was approximately HKD 88,200,000, a decrease of about 3.7% compared to approximately HKD 91,600,000 for the same period last year[3]. - The profit attributable to the owners of the company for the six months ended September 30, 2020, was approximately HKD 5,200,000, compared to a loss of approximately HKD 8,200,000 for the same period last year[3]. - The gross profit for the six months ended September 30, 2020, was HKD 54,066,000, down from HKD 57,741,000 in the previous year, indicating a decline in gross margin[5]. - The basic earnings per share for the six months ended September 30, 2020, was HKD 0.13, compared to a loss per share of HKD 0.20 for the same period last year[5]. - The total comprehensive income for the six months ended September 30, 2020, was HKD 5,047,000, compared to a loss of HKD 7,147,000 in the previous year[14]. - The company reported a profit before tax of approximately 5,240,000 HKD for the six months ended September 30, 2020, compared to a loss of approximately 8,171,000 HKD in 2019[44]. - Total tax expenses for the six months ended September 30, 2020, amounted to 878,000 HKD, an increase of 96% from 449,000 HKD in 2019[41]. Financial Position - As of September 30, 2020, the total assets less current liabilities amounted to HKD (66,183,000), compared to HKD (30,182,000) as of March 31, 2020[26]. - The net liabilities as of September 30, 2020, were HKD (80,861,000), compared to HKD (88,175,000) as of March 31, 2020, indicating an improvement in the financial position[26]. - Cash and cash equivalents as of September 30, 2020, were HKD 86,341,000, an increase from HKD 82,552,000 as of March 31, 2020[21]. - The company’s total liabilities as of September 30, 2020, included a net current liability of approximately HKD 95,898,000[34]. - The company’s total assets included cash and bank balances of HKD 86,341,000 as of September 30, 2020[30]. - The current ratio and quick asset ratio were 0.53 and 0.52 respectively, compared to 0.57 and 0.56 as of March 31, 2020[88]. - The group had a debt-to-asset ratio of 159% as of September 30, 2020, slightly up from 158% on March 31, 2020[88]. Cash Flow and Operating Activities - The company reported a net cash inflow from operating activities of HKD 15,985,000 for the six months ended September 30, 2020, compared to a net outflow of HKD 5,395,000 in the same period of 2019[30]. - The company had a net cash outflow from financing activities of HKD 10,224,000 for the six months ended September 30, 2020, compared to HKD 30,205,000 in the same period of 2019, indicating a significant reduction in financing outflows[30]. - The company’s operating cash flow improved significantly compared to the previous year, indicating better operational efficiency[30]. Revenue Sources and Market Conditions - Total revenue from customers for providing catering services and others was HKD 88,198,000 for the six months ended September 30, 2020, down from HKD 91,567,000 in 2019, representing a decrease of approximately 3.0%[36]. - The company’s revenue from catering services showed resilience despite the challenging market conditions, reflecting its strategic positioning[36]. - The restaurant industry in China experienced a revenue decline of 29.6% in the first seven months of 2020, amounting to approximately RMB 1.8 trillion[69]. - The Hong Kong restaurant industry saw a total revenue decline of 25.9% in Q2 2020, estimated at HKD 21.2 billion[70]. Business Operations and Strategy - The group operates a single business unit in the restaurant sector, with no identifiable segments for reporting purposes[61]. - The group’s restaurant business includes various Japanese food concepts, reflecting a focus on niche markets within the dining sector[73]. - The group aims to enhance its takeaway business through strategic partnerships with leading third-party delivery providers[82]. - The group plans to explore new business opportunities in the healthcare sector, leveraging the increasing demand for healthcare services in China[77]. Employee and Management Information - The group employed 227 staff in Hong Kong and China as of September 30, 2020, down from 275 as of March 31, 2020[96]. - The group’s management compensation for the six months ended September 30, 2020, totaled HKD 2.2 million, slightly down from HKD 2.25 million in 2019[57]. Investments and Future Plans - The company has reserved approximately HKD 35,000,000 for potential investment opportunities, expected to be fully utilized by July 31, 2021, depending on suitable acquisition targets and market conditions[105]. - The company has utilized about HKD 2,900,000 from the net proceeds for investments in the e-cigarette business in China, including setting up an office in Huizhou and purchasing new equipment[106]. - The company redirected approximately HKD 2,800,000 from the net proceeds originally allocated for e-cigarette investments to expand its healthcare business in the domestic market, focusing on brand building and product development[107]. - The remaining unutilized net proceeds of approximately HKD 9,300,000 will be allocated for investments, research and development, sales, and marketing of e-cigarettes in China and overseas, expected to be fully utilized by July 31, 2021[107]. Corporate Governance - The company has established an audit committee to review financial reports and oversee financial reporting procedures, consisting of three independent non-executive directors[123]. - The company has adhered to the corporate governance code as per GEM Listing Rules during the six-month period ending September 30, 2020[127].

Financial Performance - For the three months ended June 30, 2020, the company's consolidated revenue was approximately HKD 41,400,000, a decrease of about 7.6% compared to approximately HKD 44,800,000 for the same period last year[3] - The profit attributable to the owners of the company for the same period was approximately HKD 600,000, compared to a loss of approximately HKD 4,100,000 in the previous year[3] - The gross profit for the three months ended June 30, 2020, was HKD 25,384,000, with a gross margin of approximately 61.3%, compared to HKD 28,509,000 and a gross margin of approximately 63.7% in the same period last year[6] - The operating profit for the period was HKD 2,134,000, compared to an operating loss of HKD 2,842,000 in the previous year[6] - The total comprehensive income for the period was HKD 771,000, compared to a total comprehensive loss of HKD 3,654,000 in the same period last year[8] - Basic earnings per share for the period was HKD 0.01, compared to a loss per share of HKD 0.10 in the previous year[6] - The group recorded revenue of approximately HKD 41.4 million for the reporting period, a decrease of about 7.6% compared to HKD 44.8 million in the previous year, primarily due to the closure of underperforming restaurants and government restrictions related to the COVID-19 pandemic[36] - The profit attributable to the company's owners was approximately HKD 600,000, a significant improvement from a loss of approximately HKD 4.1 million in the previous year, mainly due to a reduction in the number of underperforming restaurants and receiving government subsidies totaling approximately HKD 3.7 million[36] - The group's gross profit margin was approximately 61.4%, down from 64% in the previous year, attributed to rising food costs and discounts offered for takeaway services[36] - Operating expenses decreased by approximately 14.9% to about HKD 27.6 million, consistent with the revenue decline, due to the closure of underperforming restaurants[37] Strategic Initiatives - The company continues to monitor market conditions and is focused on strategic initiatives to enhance performance moving forward[2] - The company plans to reposition its main brand, Italian Tomato, despite challenges posed by social unrest and the COVID-19 pandemic, and has opened two new stores during the reporting period[27] - The group has established a wholly-owned subsidiary in China to explore new opportunities in the healthcare sector, aiming to enhance core competitiveness and provide better returns for shareholders[30] - The group signed a three-year operational service agreement with Huayin Biotechnology, marking its entry into the healthcare industry in China, which is expected to optimize the group's profit structure[34] Market Conditions - The company’s operations in Hong Kong faced significant challenges due to social distancing measures, with a reported unemployment rate in the local restaurant industry reaching 14.8% during the pandemic[23] - The company’s restaurant business in mainland China has shown signs of recovery, with approximately 77% of restaurants resuming normal operations since March 2020[22] - The global economic outlook remains uncertain, with the World Bank indicating that the current recession is the most severe since 1945-1946, with expectations of a prolonged recovery process[31] - In China, 86% of consumers are dining at home more frequently, with a projected increase in demand for takeaway and food delivery services, indicating a permanent change in consumer behavior[33] - The Hong Kong economy is expected to contract by approximately 9.5% in 2020 due to ongoing challenges from the COVID-19 pandemic and geopolitical tensions[33] - The group will continue to monitor and respond to the developments of the COVID-19 pandemic to minimize its impact on restaurant operations[39] Corporate Governance - The company’s board of directors confirmed that the financial information presented is accurate and complete, with no misleading elements[2] - The financial results were prepared in accordance with the applicable Hong Kong Financial Reporting Standards[13] - The audit committee has reviewed the financial reports for the three months ending June 30, 2020, prior to their approval by the board[53] - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[55] Shareholder Information - As of June 30, 2020, Hanbo Holdings Limited holds 2,375,096,529 shares, representing 57.01% of the total issued shares[43] - Mr. Tang Shengming holds convertible bonds with an outstanding principal amount of HKD 40,000,000, which upon full conversion would result in 571,428,571 shares, equating to approximately 13.72% of the issued share capital as of June 30, 2020[43] - The company has adopted a share option scheme to incentivize participants, allowing for the issuance of options up to 30% of the company's issued share capital[46] - No share options were granted during the reporting period, and there were no unexercised options as of June 30, 2020[50] Dividend Information - The company did not recommend the payment of an interim dividend for the three months ended June 30, 2020, compared to no dividend in the same period last year[20]

Business Environment and Market Conditions - The company faced a challenging business environment due to trade wars, geopolitical conflicts, and a global economic slowdown, with Hong Kong's GDP declining by 8.9% year-on-year in Q1 2020, marking the largest drop on record[9] - The company anticipates a gradual recovery in the restaurant market as the Hong Kong government introduces anti-epidemic funds and support measures, with expectations for the economy to bottom out in Q3 2020[10] - The overall revenue of the Hong Kong restaurant industry is estimated to have decreased by about 5.9% to HKD 113 billion in 2019[128] - The first quarter of 2020 saw a year-on-year GDP decline of 8.9% in Hong Kong, marking the largest quarterly drop on record[128] Company Operations and Strategy - Despite the adverse conditions, the company continued to optimize its multi-brand network in mainland China and Hong Kong, operating brands such as Italian Tomato, Ginza Bairin, and White Bear Curry[10] - The company is exploring opportunities in the healthcare sector, driven by reforms in the mainland healthcare system and rising demand for medical services, aiming to diversify its business portfolio and create new revenue streams[12] - The group plans to focus on expanding the White Bear Curry brand, which currently has 6 self-operated stores and 1 franchise store in China, with potential new franchise locations identified[132] - The company operates a series of Japanese food-related concepts, including the Italian Tomato brand, which remains the primary source of revenue[129][130] Corporate Governance - The board consists of five members, including two executive directors and three independent non-executive directors, complying with GEM listing rules[18] - The independent non-executive directors have no business or financial interests in the group, ensuring their independence[22] - The chairman and CEO roles are clearly separated, ensuring compliance with corporate governance codes[25] - The company has adopted a code of conduct for securities trading by directors, confirming compliance with relevant standards[17] - The company has established appropriate internal control systems to comply with applicable laws and regulations[21] - The audit committee held four meetings during the fiscal year to review the group's annual, quarterly, and interim financial performance[28] - The audit committee's responsibilities include reviewing the independence of external auditors and discussing any issues arising from the year-end audit[29] - The company has implemented measures to ensure that one-third of the directors retire at each annual general meeting, maintaining governance standards[20] - The company established a Corporate Governance Committee, chaired by Mr. Chen Yiping, with members including Mr. Huang Chao and Mr. Zeng Shiqian[32] - The Corporate Governance Committee held one meeting during the reporting period to discuss governance policies and compliance[34] Financial Performance - The audited revenue for the fiscal year ending March 31, 2020, was approximately HKD 188.1 million, a decrease of about 25.3% compared to HKD 251.8 million in the previous fiscal year[123] - The net loss attributable to the owners of the company decreased to approximately HKD 23 million, a reduction of about HKD 52.9 million from the previous fiscal year[123] - The gross profit margin for the group's operations was approximately 62%, down from about 65% in the previous year, primarily due to rising food costs[141] - Other income increased by 45.5% to approximately HKD 5.5 million, up from HKD 3.8 million in the previous year, mainly due to government subsidies related to the impact of the COVID-19 pandemic[143] - Operating expenses decreased by approximately 29.8% to about HKD 128.7 million, down from HKD 183.2 million in the previous year, aligning with the reduction in revenue[144] Risk Management and Internal Controls - The board is committed to maintaining effective risk management and internal control systems to protect shareholder interests and group assets[55] - The company has engaged external consultants to review the effectiveness of its risk management and internal control systems during the reporting period[57] - The internal audit plan is reviewed annually and includes major activities and processes of the group, with findings reported to the audit committee and senior management[58] - The board believes that the risk management and internal control systems are effective and adequate, having conducted an annual review[58] Environmental and Social Responsibility - The company emphasizes the importance of corporate social responsibility as part of its business strategy, aiming for economic, social, and environmental sustainability[74] - The company recorded indirect greenhouse gas emissions from electricity consumption at 1,380,690 kg CO2 equivalent, and from gas consumption at 88,947 kg CO2 equivalent during the reporting period[91] - Total electricity consumption was 2,050,530 kWh, while water consumption reached 14,586 cubic meters, indicating a focus on resource efficiency[91] - The company emphasizes the importance of biodiversity and aims to source sustainable food ingredients, such as seafood from MSC-certified fisheries[90] - Waste management practices are in place to ensure that all waste is handled according to internal guidelines, with a focus on recycling and reducing waste generation[83] Employee Relations and Labor Practices - The workforce increased to 192 employees in Hong Kong, up from 174 in the previous year, while overseas employees decreased to 83 from 130[93] - The company emphasizes equal opportunity and diversity in its employment strategy, ensuring no restrictions on hiring based on gender or other discriminatory factors[95] - Health and safety in the workplace are a top priority, with compliance to occupational safety regulations and regular safety training for employees[101] - The company promotes work-life balance and provides resources to enhance employee well-being and stress relief[103] - The company offers training and development opportunities to employees, supporting their career advancement and satisfaction[105] Future Outlook and Strategic Initiatives - The company plans to thoroughly reposition the Italian Tomato brand despite current social unrest and the COVID-19 pandemic hindering development[130] - The company remains optimistic about the growth of the e-cigarette market in China due to its large population and global trends[166] - The company plans to explore new ingredients for e-cigarette production and establish new brands while participating in trade exhibitions and seeking external collaborations[166] - The company will continue to assess its business objectives and may revise plans based on market conditions[170] Shareholder Engagement and Dividends - The company allows shareholders holding at least 10% of the voting rights to request a special general meeting within two months of submission[62] - No dividends were recommended for the reporting period ending March 31, 2020[198] - The company has adopted a dividend policy allowing for the declaration and distribution of dividends based on profitability while retaining sufficient reserves for future growth[200] - The board retains absolute discretion to decide on any proposed dividends, considering various financial metrics and conditions[200]

Financial Performance - The consolidated revenue for the nine months ended December 31, 2019, was approximately HKD 143.5 million, a decrease of about 26.3% compared to approximately HKD 194.9 million for the same period last year[3]. - The loss attributable to the owners of the company decreased from approximately HKD 20.4 million in the previous year to approximately HKD 8.1 million for the nine months ended December 31, 2019[3]. - Gross profit for the nine months ended December 31, 2019, was HKD 90.5 million, compared to HKD 129.8 million for the same period last year, reflecting a decline in gross profit margin[5]. - The operating loss for the nine months ended December 31, 2019, was HKD 3.3 million, significantly improved from an operating loss of HKD 15.0 million in the previous year[5]. - The total comprehensive loss for the nine months ended December 31, 2019, was HKD 7.9 million, compared to HKD 20.1 million for the same period last year[7]. - The company reported a basic loss per share of HKD 0.195 for the nine months ended December 31, 2019, compared to HKD 0.489 for the same period last year[5]. - The company incurred a loss of approximately HKD 8,302,000 for the nine months ended December 31, 2019, compared to a loss of HKD 20,368,000 in 2018[19]. - The group recorded revenue of approximately HKD 143,500,000 for the nine months ended December 31, 2019, a decrease of about 26.3% compared to HKD 194,900,000 in the same period of 2018, primarily due to the closure of underperforming restaurants[35]. - The group reported a loss attributable to shareholders of approximately HKD 8,100,000 for the nine months ended December 31, 2019, compared to a loss of HKD 20,400,000 in 2018[35]. - The gross profit margin for the group was approximately 63% for the nine months ended December 31, 2019, down from 67% in 2018[35]. - Total operating expenses decreased by approximately 34.1% to about HKD 97,000,000 for the nine months ended December 31, 2019, compared to HKD 147,300,000 in 2018, due to strict cost control measures[35]. Operational Strategies - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[5]. - The restaurant business successfully turned a profit in the third quarter of 2019 due to effective operational strategies, despite the overall challenging economic environment[22]. - The group aims to explore new business models, such as O2O food delivery services, to adapt to rapidly changing consumer behaviors[33]. - The group plans to maintain stable profits and set appropriate directions and plans for future business development to enhance long-term competitiveness[34]. - The group will continue to optimize menu selections and create a more comfortable dining experience to maintain stable business development during challenging times[33]. - The group is focused on prudent investment opportunities and the development of existing restaurant businesses as market conditions gradually improve[34]. - The group is committed to enhancing operational efficiency and business performance to strengthen competitiveness in the restaurant industry[33]. Market Conditions - The Hong Kong economy contracted by 2.9% year-on-year in the third quarter of 2019, marking the first decline since 2009, largely due to social unrest and global economic slowdown[25]. - The Chinese restaurant industry is projected to reach approximately RMB 4.53 trillion in revenue in 2019, with a year-on-year growth of about 6.1%[23]. - The penetration rate of O2O food delivery services in the Chinese market was estimated at 23.2% in 2018, reflecting the growing importance of technology in consumer behavior[23]. - The International Monetary Fund projects global economic growth to accelerate to 3.4% in 2020, despite the slowest growth since the 2009 financial crisis[31]. - The group anticipates that China will surpass the United States in 2023 to become the largest restaurant market globally[33]. Corporate Governance - The company has established an audit committee in compliance with GEM Listing Rules, which has held three meetings to review financial reports and accounts[50]. - All directors have complied with the trading standards regarding securities transactions as per the company's code of conduct[51]. - The company has maintained high standards of corporate governance and has adhered to the corporate governance code during the nine-month period ending December 31, 2019[52]. Future Outlook - The company has not disclosed specific guidance for future revenue or profit expectations in the current report[5]. - The company expects to have sufficient financial resources to meet its financial obligations in the foreseeable future[15]. - The company assessed its ability to continue as a going concern despite a net current liability of approximately HKD 64,632,000 as of December 31, 2019[15]. - The management plans to strategically slow down the development of the Italian Tomato brand due to current social instability and anticipated economic recession[27]. - The company is cautiously observing the electronic cigarette market due to tightening regulations and may adjust resource allocation based on market conditions[30]. Stock Options - The maximum allocation of stock options granted to any participant within any twelve-month period shall not exceed 1% of the total issued shares, unless approved by shareholders[45]. - No stock options were granted, exercised, lapsed, or cancelled during the reporting period, and there were no unexercised stock options as of December 31, 2019[46].

Financial Performance - The consolidated revenue for the six months ended September 30, 2019, was approximately HKD 91.6 million, a decrease of about 32.7% compared to approximately HKD 136.2 million for the same period last year[3]. - The loss attributable to owners of the company decreased from approximately HKD 12.7 million in the previous year to approximately HKD 8.2 million[3]. - Gross profit for the six months ended September 30, 2019, was HKD 57.7 million, down from HKD 91.4 million in the same period last year[5]. - The company reported an operating loss of HKD 5.2 million, improved from an operating loss of HKD 9.0 million in the previous year[5]. - The total comprehensive loss for the period was HKD 7.1 million, compared to HKD 12.5 million for the same period last year[8]. - The basic loss per share for the six months ended September 30, 2019, was HKD 0.20, compared to HKD 0.31 for the same period last year[5]. - The group recorded revenue of HKD 91,567,000 for the six months ended September 30, 2019, a decrease of 32.8% compared to HKD 136,154,000 in 2018[36]. - The group reported a pre-tax loss of approximately HKD 8,171,000 for the period, compared to a loss of HKD 12,726,000 in the same period of 2018[43]. Operating Expenses and Cash Flow - Operating expenses decreased to HKD 64.9 million from HKD 101.9 million year-on-year[5]. - The company reported a net cash outflow from operating activities of HKD 5,395,000 for the six months ended September 30, 2019, compared to a net cash outflow of HKD 10,860,000 in the same period of 2018[25]. - The total cash and cash equivalents at the end of the period were HKD 85,141,000, a decrease from HKD 123,339,000 at the end of the previous year[25]. - The net cash outflow from financing activities was HKD 30,205,000, compared to an inflow of HKD 24,860,000 in the previous year[25]. - The company’s cash flow from investing activities showed a net cash outflow of HKD 1,189,000, compared to a net inflow of HKD 1,251,000 in the same period last year[25]. - The initial cash balance at the beginning of the period was HKD 122,249,000, reflecting a decrease in cash reserves[25]. Assets and Liabilities - Non-current assets increased significantly to HKD 42.1 million from HKD 19.7 million as of March 31, 2019[10]. - Current liabilities amounted to HKD 174.6 million, an increase from HKD 163.3 million as of March 31, 2019[10]. - The net liabilities position of the company was HKD 72.5 million, compared to HKD 65.4 million in the previous period[13]. - The group’s total receivables, including deposits and prepayments, decreased from HKD 24,744,000 as of March 31, 2019, to HKD 21,310,000 as of September 30, 2019[44]. - Trade payables as of September 30, 2019, were HKD 12,534 thousand, a slight decrease from HKD 12,976 thousand as of March 31, 2019[54]. - Other loans amounted to approximately HKD 122,479 thousand as of September 30, 2019, compared to HKD 119,267 thousand as of March 31, 2019[56]. Business Operations and Market Conditions - The company closed several stores due to lease expirations during the reporting period, which contributed to the revenue decline[69]. - The company implemented strict cost control measures during the reporting period[69]. - The global economic environment remains unstable, with the International Monetary Fund lowering the global growth forecast to the lowest in a decade at 3%[70]. - The company operates as a single business unit in the restaurant sector, with no identifiable segments for reporting purposes[62]. - The overall revenue of the Hong Kong restaurant industry has decreased by over 35% since June 2019 due to economic slowdown and reduced consumer spending[73]. - The restaurant industry in China saw a market size growth of 9.4% year-on-year, reaching approximately RMB 2.88 trillion in the first eight months of 2019[71]. - The company is facing challenges in the restaurant sector due to rising costs and declining revenues, with growth plans currently on hold[75]. Future Plans and Investments - The company plans to expand its e-cigarette business in China, establishing a new office in Huizhou and investing in production lines and sales networks[78]. - The company plans to invest HKD 15 million from the net proceeds into research, sales, and marketing of electronic cigarettes in China and overseas, with an expected full utilization by July 31, 2021[101]. - The company retains approximately HKD 35 million for potential investment opportunities, with no agreements or memorandums of understanding established for acquisitions as of the report date[102]. Corporate Governance and Shareholder Information - Major shareholder Hanbo Holdings owns 56.06% of the company's shares, with significant stakes also held by Ms. Huang Li and Mr. Tang Shengming[109]. - The company has adopted a share option scheme to incentivize participants to contribute to the company's achievements, with a maximum limit of options not exceeding 30% of the company's issued share capital[114]. - The audit committee has held two meetings to review and provide recommendations on the company's financial reports for the six months ending September 30, 2019[121]. - The company has adhered to the corporate governance code as stipulated in the GEM Listing Rules during the reporting period[124].

Financial Performance - For the three months ended June 30, 2019, the company's consolidated revenue was approximately HKD 44,800,000, a decrease of about 33.4% compared to approximately HKD 67,300,000 in the same period last year[3] - The loss attributable to the owners of the company decreased from approximately HKD 6,500,000 in the same period last year to approximately HKD 4,100,000[3] - The company reported a loss before tax of HKD 4,431,000 for the three months ended June 30, 2019, compared to a loss of HKD 6,928,000 in the same period last year[4] - The total comprehensive loss for the period was HKD 3,654,000, compared to HKD 6,646,000 in the same period last year[6] - The loss per share for the period was HKD 0.10, compared to HKD 0.16 in the same period last year[4] - The net loss attributable to the company's owners was approximately HKD 4,100,000, a decrease of about HKD 2,400,000 from the previous year's loss of HKD 6,544,000[18] - The group's gross profit margin was approximately 64%, down from 67% in 2018[35] - Total operating expenses decreased by approximately 36.7% to about HKD 32.4 million, consistent with the decline in revenue[35] Accounting Standards - The company’s financial results were prepared in accordance with the Hong Kong Financial Reporting Standards and the GEM Listing Rules[10] - The company adopted new and revised Hong Kong Financial Reporting Standards effective from April 1, 2019, which did not have a significant financial impact on the unaudited condensed consolidated financial statements[10] - The company has chosen to adopt the Hong Kong Financial Reporting Standard 16 on leases, which eliminates the distinction between operating and finance leases, effective from April 1, 2019[11] - The company has opted not to apply the new accounting treatment for short-term leases and low-value asset leases under the new standard[13] Market Conditions - The company continues to face challenges in revenue generation due to market conditions affecting its operations[3] - The consumer confidence index in Hong Kong dropped by 10.5% to 77.7, the lowest level in five years, impacting the restaurant industry's performance[23] - The Chinese economy recorded a growth rate of 6.2% in the second quarter of 2019, the lowest in 27 years, influenced by the ongoing US-China trade war[22] - The company anticipates that the Chinese government's efforts to boost domestic demand will benefit the retail sector, including the restaurant industry[22] Strategic Initiatives - The group plans to cautiously review all potential expansion plans and strengthen cost control in response to the ongoing political situation in Hong Kong, which is expected to further impact consumer confidence[32] - The group is optimistic about the development potential of the electronic cigarette market in China, anticipating that government regulations will clarify the market and eliminate non-compliant manufacturers[32] - The group aims to enhance its competitiveness in the restaurant industry by improving its menu and providing high-quality food and a pleasant dining experience[32] - The group continues to invest in expanding its electronic cigarette business in China, including establishing a new office in Huizhou and acquiring suitable production lines[29] Shareholder Information - As of June 30, 2019, the total number of shares held by major shareholders is 4,166,175,000, with Hang Po Holdings Limited owning 2,335,586,529 shares, representing 56.06% of the total[39] - Mr. Tang Shengming holds convertible bonds with an outstanding principal amount of HKD 40,000,000, which, if fully converted, would result in the issuance of 571,428,571 shares, equating to approximately 13.72% of the issued share capital as of June 30, 2019[41] - The company has adopted a share option scheme to incentivize employees, allowing for the issuance of options up to 30% of the company's issued share capital[44] - No share options were granted during the reporting period, and there were no unexercised options as of June 30, 2019[45] Governance and Compliance - The board of directors confirmed that the information in the report is accurate and complete, with no misleading or fraudulent elements[2] - The audit committee has reviewed the unaudited financial results for the three months ending June 30, 2019, prior to recommending approval to the board[48] - The company has complied with the corporate governance code as per GEM Listing Rules during the three months ending June 30, 2019[50]

榮暉控股有限公司 （前稱 New Wisdom Holding Company Limited 新智控股有限公司） （於開曼群島註冊成立之有限公司） 股份代號：8213 2018/19年 報 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的公司帶有較高投資風險的中小型公司提供一個上市的市場。有意投 資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司通常為中小型公司，在GEM買賣的證券可能會較於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買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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」）而刊載，旨在提供有關榮暉控股有限公司（「本 公司」）之資料。本公司的董事（「董事」）願就本報告的資料共同及個別承擔全部責任。各董事在作出一切合理查詢 後，確認就其所知及所信，本報告所載 ...

Financial Performance - The consolidated revenue for the nine months ended December 31, 2018, was approximately HKD 194.9 million, a decrease of about 14.3% compared to approximately HKD 227.5 million for the same period last year[3]. - The loss attributable to owners of the company decreased from HKD 21.7 million in the previous year to approximately HKD 20.4 million[4]. - The gross profit for the nine months was HKD 129.8 million, with a gross margin of approximately 66.6%[6]. - The operating loss for the nine months was HKD 15.0 million, compared to an operating loss of HKD 19.6 million in the previous year[6]. - The total comprehensive loss for the period was HKD 20.1 million, compared to HKD 21.6 million for the same period last year[10]. - The basic loss per share for the nine months was HKD 0.49, compared to HKD 0.55 for the same period last year[6]. - The total comprehensive loss attributable to owners of the company was HKD 19.3 million, compared to HKD 21.3 million in the previous year[11]. - The company reported a revenue of approximately HKD 194.9 million for the nine months ended December 31, 2018, a decrease of about 14.3% compared to HKD 227.5 million in the same period of 2017[26]. - The net loss attributable to the company's owners for the same period was approximately HKD 20.4 million, a decrease of about HKD 1.3 million from the previous fiscal year[26]. - The average number of ordinary shares for the calculation of basic loss per share was 4,166,175,000 shares, compared to 3,949,191,809 shares in 2017[23]. - The company did not recommend an interim dividend for the nine months ended December 31, 2018, consistent with the previous year[25]. Market and Operational Challenges - The company closed two cake shops in Hong Kong and its last store in China during the review period due to intense market competition[31]. - The company is currently reviewing its operations and market outlook in Taiwan, where it operates five stores, due to ongoing poor performance[31]. - The group is facing challenges in the restaurant industry due to rising labor costs and new solid waste charging regulations, which may increase operational costs[35]. - The group has closed one store in China and is reviewing the performance of its remaining store in Hong Kong, considering whether to continue operations[34]. - The group has a franchise network of 4 stores as of December 31, 2018, and is focusing on quality control as a significant challenge in developing its franchise system[34]. Strategic Initiatives - The group plans to invest financial resources to expand its electronic cigarette business, capitalizing on a smoking rate of 27.7% among Chinese adults and the growth potential of the electronic cigarette market[37]. - The group aims to enhance its menu offerings and improve dining experiences to attract more mainland tourists following the opening of the Guangzhou-Shenzhen-Hong Kong Express Rail Link and the Hong Kong-Zhuhai-Macao Bridge[35]. - The company believes it has accumulated sufficient lessons and experience from its operations in Hong Kong, mainland China, and Taiwan, and is undergoing a thorough repositioning of the Italian Tomato brand[31]. - The group will continue to review its current business and financial status to determine future development directions and plans to expand revenue sources[37]. Corporate Governance and Management - The company plans to appoint Mr. Huang Chao as the new executive director and chairman following the resignation of Mr. Chen Jianchun[55]. - The audit committee has been established in accordance with GEM Listing Rules and consists of three independent non-executive directors[60]. - The audit committee held three meetings prior to the approval of the unaudited results for the nine months ended December 31, 2018[60]. - The company confirmed that all directors complied with the trading standards regarding securities transactions during the nine months ended December 31, 2018[62]. - The company is committed to maintaining high standards of corporate governance and has adhered to the corporate governance code during the reporting period[63]. - The company has not disclosed any interests or conflicts of interest in competing businesses as of December 31, 2018[59]. - The company has no other disclosures required under GEM Listing Rules as of June 26, 2018[58]. Share Capital and Stock Options - As of December 31, 2018, Hanbo Holdings holds 2,172,417,439 shares, representing approximately 52.14% of the issued share capital[48]. - Mr. Tang Shengming holds convertible bonds with an outstanding principal amount of HKD 40,000,000, which, when fully converted, will result in the issuance of 571,428,571 shares, equating to about 13.72% of the issued share capital[50]. - The total number of issued ordinary shares as of December 31, 2018, is 4,166,175,000 shares[50]. - The stock option plan allows for the issuance of options up to 30% of the company's issued share capital, with a maximum allocation of 1% to any participant within a 12-month period[51]. - No stock options were granted during the review period ending December 31, 2018, and there are no unexercised stock options[54]. - The stock option exercise price will be determined by the committee but must be at least the higher of the closing price on the date of submission or the average closing price over the preceding five trading days[54].