Financial Performance - The company recorded unaudited revenue of approximately HKD 40.26 million for the six months ended September 30, 2021, representing an increase of approximately 58.82% compared to the same period last year[3]. - The unaudited profit attributable to the owners of the company for the six months ended September 30, 2021, was approximately HKD 0.26 million, a significant improvement from a loss of approximately HKD 4.93 million in the same period last year[3]. - Basic and diluted earnings per share for the six months ended September 30, 2021, were approximately HKD 0.20 cents, compared to a loss of approximately HKD 9.66 cents per share in the same period last year[3]. - The gross profit for the six months ended September 30, 2021, was approximately HKD 8.61 million, compared to HKD 2.37 million in the same period last year[6]. - The company reported a total comprehensive income of approximately HKD 4.52 million for the six months ended September 30, 2021, compared to a loss of approximately HKD 3.85 million in the same period last year[6]. - Total revenue for the six months ended September 30, 2021, was HKD 40,263,000, representing a 58.7% increase from HKD 25,352,000 in the same period of 2020[20]. - Revenue from restaurant operations increased significantly to HKD 15,260,000, compared to HKD 5,085,000, marking a growth of 200.5%[20]. - The operating loss for the six months ended September 30, 2021, was HKD (4,184,000), compared to a loss of HKD (4,929,000) in the same period of 2020, indicating a slight improvement[28]. - The company reported a profit attributable to shareholders of HKD 256,000 for the six months ended September 30, 2021, compared to a loss of HKD 4,929,000 in the same period of 2020[44]. Assets and Equity - The company’s total equity as of September 30, 2021, was approximately HKD 26.31 million, an increase from HKD 0.16 million as of March 31, 2021[9]. - The company’s total equity as of September 30, 2021, was HKD 26,309,000, an increase from HKD 19,243,000 as of March 31, 2021[11]. - The company’s total assets less current liabilities amounted to approximately HKD 65.55 million as of September 30, 2021[8]. - Non-current assets were valued at approximately HKD 42.99 million as of September 30, 2021[8]. Cash Flow and Financial Costs - The net cash used in operating activities for the six months was HKD (3,226,000), slightly improved from HKD (3,423,000) in the previous year[13]. - Cash and cash equivalents at the end of the period were HKD 2,750,000, down from HKD 5,363,000 at the end of the previous year[13]. - The company’s financial costs decreased to approximately HKD 0.87 million for the six months ended September 30, 2021, from HKD 1.51 million in the same period last year[6]. - The company’s financial costs for the period included interest expenses totaling HKD 1,596,000, down from HKD 2,224,000 in the previous year[36]. Revenue Segmentation - Sales of electronic products amounted to HKD 25,003,000, up from HKD 20,267,000, reflecting a growth of 23.5% year-over-year[20]. - Revenue from Hong Kong increased significantly to HKD 16,024,000 from HKD 6,103,000, marking a 162.5% growth year-over-year[30]. - The company’s revenue from Europe increased to HKD 17,972,000 from HKD 13,752,000, representing a 30.4% increase year-over-year[30]. - Sales from the electronics segment for the six months were approximately HKD 25.00 million, representing an increase of about 23.37% compared to the previous year[64]. - Revenue from the catering services segment was approximately HKD 15.26 million, a significant increase of about 200.10% compared to approximately HKD 5.09 million in the same period last year[66]. Expenses - Selling and distribution expenses for the six months were approximately HKD 1.16 million, an increase of about 114.97% from approximately HKD 0.54 million in the previous year[67]. - Administrative and other expenses were approximately HKD 12.22 million, an increase of about 24.20% compared to approximately HKD 9.84 million for the same period last year[68]. - The total cost of goods sold for the period was HKD 31,620,000, up from HKD 19,226,000 in the previous year, reflecting increased operational costs[36]. Corporate Governance and Compliance - The audit committee reviewed the unaudited condensed consolidated results for the six months ending September 30, 2021, ensuring compliance with applicable accounting standards and GEM listing rules[103]. - The company has adopted the GEM listing rules regarding the standards of conduct for directors' securities transactions, with no known violations during the reporting period[98]. - The company emphasizes high-quality governance principles, maintaining transparency and accountability to shareholders, and has complied with the corporate governance code during the reporting period[99]. - No significant interests were disclosed by directors in any contracts that could materially affect the group's business during the six months ending September 30, 2021[100]. - There were no known competitive businesses or conflicts of interest involving directors or major shareholders during the reporting period[102]. Shareholder Information - The weighted average number of ordinary shares in issue during the period was 130,413,003, significantly increased from 51,000,000 in the previous year[44]. - As of September 30, 2021, the company’s directors and key executives held a total of 4,878,000 shares, representing approximately 4.38% of the issued share capital[88]. - The company has a stock option plan that allows for the issuance of options at an exercise price of HKD 0.15 per share, with a total of 80,000,000 shares available for subscription[82]. - The company has a total of 20,885,508 shares held by Siu Yik Tung Jamie, which includes 6,263,559 shares related to convertible bond holders[94]. - Lissington Limited holds 9,867,486 shares, representing 8.50% of the company's issued share capital[94]. Future Plans and Strategies - The company plans to utilize the unspent proceeds from its initial public offering within one year from the report date[73]. - The company aims to expand its customer base and increase market share through enhanced marketing activities and the development of new electronic products[64]. - The company is focused on expanding its restaurant business as part of its growth strategy[79]. - The company is in the process of acquiring a stake in Lanshan Financial Group Limited, with the announcement of the acquisition being postponed to November 30, 2021, for further details[80]. Stock and Securities - The company did not purchase, sell, or redeem any of its listed securities during the six months ending September 30, 2021[97]. - No stock options were granted, exercised, or lapsed under the stock option plans during the six months ended September 30, 2021[85]. - The total amount utilized from the net proceeds of the placement was approximately HKD 23.5 million, with HKD 2.0 million remaining unutilized[79]. - The company completed a placement of 88,000,000 new shares at a revised price of HKD 0.30 per share, raising approximately HKD 25.5 million[77]. - As of September 30, 2021, the net proceeds from the placement were allocated as follows: HKD 17.4 million for expanding the restaurant business and HKD 6.1 million for general corporate purposes, leaving HKD 2.0 million unutilized[79].

Financial Performance - The company recorded unaudited revenue of approximately HKD 18,070,000 for the three months ended June 30, 2021, a decrease of about 46.41% compared to the same period last year[3]. - The unaudited loss attributable to owners of the company for the same period was approximately HKD 1,210,000, compared to a loss of HKD 250,000 in the same period of 2020[3]. - Basic and diluted loss per share for the three months ended June 30, 2021, was HKD 1.06, compared to HKD 0.49 (restated) for the same period in 2020[3]. - Total comprehensive loss for the period was HKD 4,242,000, which includes a foreign exchange loss of HKD 3,028,000[6]. - The group reported a pre-tax loss of HKD 1,219,000 for the period, compared to a loss of HKD 1,214,000 in the previous year[22]. - The group incurred an operating loss of HKD 3,407,000 during the period[22]. - The gross profit margin decreased from approximately 31.81% for the three months ended June 30, 2020, to 10.47% for the same period in 2021, primarily due to a reduction in sales of high-margin dishes in the restaurant business[53]. Revenue Breakdown - Revenue from electronic product sales reached HKD 11,202,000 for the three months ended June 30, 2021, compared to HKD 9,618,000 in 2020, representing a growth of 16.5%[19]. - Revenue from restaurant operations increased to HKD 6,870,000 in Q2 2021, up from HKD 2,725,000 in Q2 2020, marking a significant increase of 152.5%[19]. - Total revenue for the group was HKD 18,072,000 for the three months ended June 30, 2021, compared to HKD 12,343,000 in the same period of 2020, reflecting an overall growth of 46.5%[19]. - Revenue from Hong Kong was HKD 7,156,000 in Q2 2021, up from HKD 3,142,000 in Q2 2020, indicating a growth of 128.3%[30]. - Revenue from other Asian countries (excluding Hong Kong) was HKD 8,022,000 in Q2 2021, compared to HKD 6,255,000 in Q2 2020, an increase of 28.3%[30]. - Revenue from the electronic products segment for the three months was approximately HKD 11,200,000, an increase of about 16.47% compared to the same period in 2020[49]. - The restaurant segment generated revenue of approximately HKD 6,870,000, which is an increase of about 152.11% compared to the same period in 2020[52]. Expenses and Dividends - The company’s administrative and other expenses amounted to HKD 6,550,000 for the three months ended June 30, 2021[6]. - The board of directors did not recommend the payment of any dividend for the three months ended June 30, 2021, compared to no dividend in the same period of 2020[3]. - The group did not declare any dividends for the three months ended June 30, 2021, consistent with the previous year[38]. - Administrative and other expenses for the three months were approximately HKD 6,550,000, an increase of about 44.21% compared to HKD 4,540,000 for the same period in 2020[53]. Corporate Governance and Compliance - The company has complied with the corporate governance code as per GEM Listing Rules during the three-month period ending June 30, 2021[70]. - The audit committee has been established to review and supervise the financial reporting process and internal controls of the group[74]. - The committee consists of three independent non-executive directors[74]. - The unaudited condensed consolidated financial statements for the three-month period have been reviewed by the committee[74]. - The committee believes that the financial statements are prepared in accordance with applicable accounting standards and have made adequate disclosures[74]. Future Plans and Business Focus - The company plans to focus on its core business of selling electronic products and aims to increase market share through more promotional and marketing activities[50]. - The company will continue to explore new business opportunities to broaden revenue sources and maximize profits for shareholders in the long term[48]. - The increase in electronic product sales was mainly due to a rise in sales of high-end fishing indicators, which increased by approximately HKD 1,920,000 compared to the same period in 2020[50]. Shareholder Information - As of June 30, 2021, major shareholders include Siu Yik Tung Jamie with 14,621,948 shares, representing 13.23% of the issued share capital[63]. - The weighted average number of ordinary shares in issue during the three months was 114,087,654, compared to 51,000,000 for the same period in 2020[50]. Accounting Standards - The company has not adopted any new accounting standards that have a significant impact on the unaudited consolidated financial statements[13]. - The unaudited consolidated financial statements have not been reviewed by the company's auditor but have been reviewed by the audit committee[13]. Other Information - The company has not purchased, sold, or redeemed any of its listed securities within the three-month period[68]. - No significant contracts were entered into by directors that would have a major impact on the group's business during the three-month period[71]. - There were no known competitive businesses or conflicts of interest involving directors or major shareholders during the three-month period[72].

Financial Performance - The group's revenue for the fiscal year ending March 31, 2021, was approximately HKD 49.35 million, a slight increase of about 0.20% compared to HKD 49.25 million for the previous year[10]. - The net loss for the fiscal year ending March 31, 2021, was approximately HKD 26.68 million, an increase of about 6.30% from a net loss of HKD 25.10 million in the previous year[10]. - The gross profit margin decreased from approximately 19.57% in the previous year to about 18.39% for the fiscal year ending March 31, 2021[10]. - Revenue from the electronic products segment was approximately HKD 36.43 million, representing an increase of about 10.53% year-over-year, primarily due to increased sales of fishing indicators[17]. - The restaurant segment generated revenue of approximately HKD 12.92 million, a decrease of about 20.69% year-over-year, mainly due to the negative impact of COVID-19 and social distancing policies[18]. - The company's overall gross profit margin decreased from approximately 19.57% to 18.39% due to a reduction in orders for higher-margin products[22]. - The company reported a loss attributable to shareholders of approximately HKD 26.68 million for the fiscal year, compared to a loss of approximately HKD 25.10 million in the previous year[19]. - The company did not recommend the payment of any dividends for the fiscal year ending March 31, 2021[30]. - The company reported no final dividend for the fiscal year ending March 31, 2021[142]. Business Strategy and Development - The company launched a new product, the LED Wide Angle HUD2, featuring an eye-protecting filter, three brightness levels, and twelve LED lights[9]. - The company plans to focus on low-risk, higher-margin businesses and invest in the food and beverage sector moving forward[11]. - The company plans to expand its EMS business to international clients, particularly in the Chinese market, which is seen as having significant potential[23]. - The company aims to launch four to five new products in 2021, including lighting security system controllers and power management boards, to enhance market share and customer base[24]. - The company anticipates short-term impacts from COVID-19 but expects to accelerate cash flow collection and increase sales agreements with core customers to enhance profitability[39]. - The company plans to utilize the remaining unutilized proceeds from the IPO within one year from the report date[40]. - The company is implementing cost-reduction strategies aimed at decreasing raw material costs by 15% over the next year[70]. - The company has adopted new pricing strategies based on market data analysis, which are expected to improve profit margins by 5%[69]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[71]. - A strategic acquisition of a local competitor is being considered to enhance product offerings and customer base, with potential synergies estimated at HKD 30 million annually[71]. Corporate Governance - The management team emphasized the importance of maintaining high corporate governance standards to enhance shareholder value and operational efficiency[82]. - The board of directors confirmed compliance with all relevant corporate governance codes, ensuring transparency and accountability in operations[82]. - The company has established a clear division of responsibilities between the roles of the chairman and the CEO, held by Mr. Lao Xinyi and Mr. Zheng Ruo Xiong respectively[93]. - The company has adopted a policy allowing employees and stakeholders to report any potential misconduct to the audit committee[100]. - The company has maintained a commitment to ensuring that independent non-executive directors attend shareholder meetings as per the code provisions[90]. - The company has purchased directors and officers liability insurance to protect its directors against legal claims[96]. - The company is committed to environmental sustainability and has implemented policies to reduce its environmental impact[144]. - The company has established various channels for communication with shareholders and investors, including annual reports and a dedicated website[134]. - The company has identified and is managing risks associated with its business activities through a structured internal control system[122]. - The board is responsible for internal control systems and risk management, ensuring reasonable assurance against significant misstatements or losses[122]. Employee and Operational Metrics - As of March 31, 2021, the company's current assets were approximately HKD 5.61 million, a decrease from approximately HKD 26.03 million in the previous year[28]. - As of March 31, 2021, the total employee cost, including director remuneration, was approximately HKD 21.5 million, compared to HKD 20.31 million in 2020, reflecting an increase of about 5.85%[35]. - The company employed a total of 155 employees as of March 31, 2021, down from 163 employees in 2020, indicating a reduction of about 4.88%[35]. - The company has engaged an independent internal control consultant to review and improve its internal control systems, addressing identified issues and deficiencies[50]. - The company has not utilized any financial instruments for hedging purposes as of March 31, 2021, indicating a low foreign exchange risk perception[34]. Shareholder and Financial Reporting - The board of directors presented the audited consolidated financial statements for the year ending March 31, 2021[137]. - The company’s financial performance and position as of March 31, 2021, are detailed in the financial statements on pages 69 to 170[141]. - The top five customers accounted for approximately 61.52% of the total revenue, with the largest customer contributing about 41.84% of the total revenue[156]. - The top five suppliers represented approximately 38.96% of the total procurement amount, with the largest supplier accounting for about 11.73% of the total procurement[156]. - The company has maintained sufficient public float as per GEM listing rules prior to the publication of the annual report[182]. - The company confirms compliance with GEM listing rules regarding disclosure of related party transactions[186]. - The company has two stock option plans, including one adopted prior to the initial public offering[164]. - A total of 80,000,000 shares were granted under the pre-IPO stock option plan at an exercise price of HKD 0.15 per share[165]. - As of March 31, 2021, 4,000,000 stock options were still unexercised under the pre-IPO stock option plan[168]. - The company did not capitalize equity during the fiscal year ending March 31, 2021[150]. Market and Industry Context - The group primarily engages in the manufacturing and trading of electronic products and accessories, with no significant changes in business nature during the fiscal year[139]. - The group expanded its business scope by entering the restaurant industry in 2018, adding a new Chinese restaurant in Hong Kong Island in February 2021[193]. - The group operates three main business segments: the headquarters in Hong Kong, two Chinese restaurants, and an electronic products manufacturing factory in Shenzhen[193].

Financial Performance - For the nine months ended December 31, 2020, the company recorded unaudited revenue of approximately HKD 37,090,000, a decrease of about 11.89% compared to the same period last year[5]. - The unaudited loss attributable to owners of the company for the nine months ended December 31, 2020, was approximately HKD 9,210,000, compared to a loss of HKD 17,430,000 in 2019[5]. - Basic and diluted loss per share for the nine months ended December 31, 2020, was 18.07 HK cents, compared to 1.71 HK cents in 2019[5]. - The company did not recommend the payment of a dividend for the third quarter ended December 31, 2020, compared to no dividend in the same period last year[5]. - For the three months ended December 31, 2020, the company reported revenue of HKD 11,740,000, down from HKD 14,767,000 in the same period of 2019[10]. - The gross profit for the nine months ended December 31, 2020, was HKD 8,345,000, compared to HKD 3,167,000 in 2019[10]. - The total comprehensive loss for the nine months ended December 31, 2020, was HKD 5,892,000, compared to HKD 9,214,000 in 2019[10]. - The company reported a total comprehensive loss attributable to owners of the company of HKD 1,637,000 for the three months ended December 31, 2020[10]. - The company’s financial costs for the nine months ended December 31, 2020, were HKD 2,871,000, compared to HKD 760,000 in 2019[10]. - The group reported a total loss of HKD 9,214,000 for the nine months ended December 31, 2020, compared to a profit of HKD 6,152,000 in the same period of 2019[27]. - The group's revenue for the nine-month period was approximately HKD 37,090,000, a decrease of about 11.89% compared to HKD 42,100,000 in the same period of 2019[64]. - The loss attributable to the company's owners for the nine-month period was approximately HKD 9,210,000, compared to a loss of about HKD 17,430,000 in the same period of 2019[67]. Revenue Breakdown - Electronic product sales for the three months ended December 31, 2020, were HKD 8,815,000, a decrease of 20.0% from HKD 11,041,000 in the same period of 2019[20]. - Restaurant business revenue for the three months ended December 31, 2020, was HKD 2,925,000, down 21.5% from HKD 3,726,000 in the same period of 2019[20]. - Total revenue for the nine months ended December 31, 2020, was HKD 11,740,000, a decrease of 20.5% compared to HKD 14,767,000 for the same period in 2019[20]. - Revenue from electronic products for the nine months ended December 31, 2020, was HKD 27,949,000, a decrease of 1.5% from HKD 28,375,000 in the same period of 2019[27]. - Revenue from external customers in Europe for the nine months ended December 31, 2020, was HKD 20,762,000, down 6.5% from HKD 22,200,000 in the same period of 2019[32]. - Revenue from external customers in Asia (excluding Hong Kong) for the nine months ended December 31, 2020, was HKD 9,209,000, a decrease of 11.0% from HKD 10,350,000 in the same period of 2019[32]. - The revenue from the restaurant business decreased by approximately 40.99% to about HKD 8,010,000 during the nine-month period[62]. Expenses and Costs - The company incurred administrative and other expenses of HKD 16,817,000 for the nine months ended December 31, 2020, compared to HKD 2,175,000 in 2019[10]. - The company's financial costs included interest on convertible bonds amounting to HKD 2,701,000 for the nine months ended December 31, 2020, down from HKD 2,946,000 in the same period of 2019[39]. - Sales and distribution expenses for the nine-month period were approximately HKD 940,000, an increase of about 5.24% compared to HKD 900,000 in the same period of 2019[66]. - Administrative and other expenses were approximately HKD 16,820,000, reflecting an increase of about 7.87% compared to HKD 15,600,000 in the same period of 2019[66]. Corporate Governance - Major shareholders include Lissington Limited, holding 2,204,800 shares, which accounts for 26.31% of the company's issued share capital[84]. - The company has complied with the corporate governance code as per GEM listing rules during the nine-month period ending December 31, 2020[88]. - The company has adopted the GEM listing rules regarding the standards for directors' securities transactions, with no known violations reported[88]. - The total number of shares held by directors and key executives as of December 31, 2020, includes 4,878,000 shares held by Zheng Ruoxiong, representing a significant personal interest[80]. - The company emphasizes high-quality board governance and transparency to shareholders as part of its corporate governance practices[88]. - No significant contracts were identified where directors hold major interests that could impact the group's business as of December 31, 2020[89]. - The board is not aware of any business or interests held by directors or major shareholders that directly or indirectly compete with the group's business as of December 31, 2020[90]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2020, ensuring compliance with applicable accounting standards[91]. Future Plans and Opportunities - The company plans to explore new business opportunities to broaden revenue sources and maximize long-term benefits for shareholders[59]. - The company plans to increase market share through more promotional and marketing activities and the design and development of new electronic products[64]. - The company is in the process of leasing new properties for manufacturing electronic products, pending shareholder approval[54]. - The company completed the placement of convertible bonds amounting to approximately HKD 9,408,000, with net proceeds intended for investment in the restaurant business and operational funding[71]. Stock Options - The company has two stock option plans adopted on September 27, 2013, including a pre-IPO stock option plan and a stock option plan[75]. - The company granted a total of 80,000,000 stock options under the pre-IPO stock option plan, equivalent to 4,000,000 shares after the share consolidation[76]. - As of December 31, 2020, 22,800,000 stock options were unexercised, representing 2.19% of the company's issued shares[76]. - The company reported no stock options granted, exercised, or expired during the nine-month period ending December 31, 2020[77]. - The company has a total of 80,000,000 stock options available, with 4,000,000 options currently exercisable[76].

Financial Performance - The company recorded unaudited revenue of approximately HKD 25.35 million for the six months ended September 30, 2020, a decrease of about 7.24% compared to the same period last year[3]. - The unaudited loss attributable to the owners of the company for the six months ended September 30, 2020, was approximately HKD 4.93 million, compared to a loss of approximately HKD 14.35 million in 2019[3]. - The basic and diluted loss per share for the six months ended September 30, 2020, was HKD 0.0966, compared to HKD 0.0141 in 2019[3]. - The gross profit for the six months ended September 30, 2020, was HKD 2.33 million, down from HKD 5.99 million in the same period last year[7]. - The total comprehensive loss for the period was HKD 3.85 million, compared to HKD 10.90 million in the previous year[7]. - Total comprehensive income for the six months ended September 30, 2020, was HKD 19,243,000, compared to a loss of HKD 61,549,000 in the same period of 2019[13]. - The company reported a loss before tax of HKD 14,435,000 for the six months ended September 30, 2020, compared to a loss of HKD 14,351,000 in the same period of 2019[42]. - The total accumulated losses as of September 30, 2020, were HKD (66,478,000), compared to HKD (50,801,000) in the previous year[13]. Revenue Breakdown - Revenue from electronic product sales increased to HKD 20,267,000 in 2020 from HKD 17,483,000 in 2019, representing a growth of 10.2%[25]. - Revenue from restaurant operations decreased to HKD 5,085,000 in 2020 from HKD 9,847,000 in 2019, a decline of 48.3%[25]. - Revenue from Hong Kong decreased to HKD 6,103,000 from HKD 10,578,000, a decline of about 42% year-over-year[36]. - Revenue from European countries increased to HKD 13,752,000 from HKD 9,744,000, showing a growth of approximately 41%[36]. - Sales of electronic products for the six months amounted to approximately HKD 20.67 million, an increase of about 15.92% compared to the same period last year, driven by increased sales of fishing indicators[76][78]. - Revenue from the restaurant business for the six months was approximately HKD 5.09 million, a decrease of about 48.36% compared to approximately HKD 9.85 million in the same period last year, mainly due to the impact of COVID-19[76]. Cash Flow and Assets - The company reported cash and bank balances of HKD 5.36 million as of September 30, 2020[9]. - Cash and cash equivalents at the end of the period were HKD 5,363,000, down from HKD 9,259,000 in the previous year[17]. - The company’s cash and cash equivalents decreased from approximately HKD 6.46 million as of March 31, 2020, to HKD 5.36 million as of September 30, 2020, primarily due to an increase in trade receivables[79]. - The company's total assets less current liabilities amounted to HKD 47.60 million as of September 30, 2020[9]. - Trade receivables increased to HKD 5,463,000 as of September 30, 2020, from HKD 2,409,000 as of March 31, 2020, indicating a 127.1% increase[56]. - Trade payables also rose to HKD 2,858,000 as of September 30, 2020, compared to HKD 2,197,000 as of March 31, 2020, reflecting a 30.0% increase[57]. Management and Governance - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2020, consistent with the previous year[3]. - The total remuneration for key management personnel decreased to HKD 1,363,000 from HKD 1,675,000, a decline of 18.6% year-on-year[69]. - The company has complied with the corporate governance code, except for a temporary shortfall in the number of independent non-executive directors following a resignation[109]. - The audit committee, consisting of two independent non-executive directors, reviewed the unaudited interim consolidated results for the six months ended September 30, 2020, confirming compliance with applicable accounting standards and regulations[113]. - The company will take action within three months to comply with the GEM Listing Rules regarding the minimum number of independent non-executive directors[110]. Shareholder Information - Major shareholders held a total of 10,291,057 shares, representing approximately 20.18% of the company's issued share capital[105]. - Bluemount Investment Fund SPC held 5,060,000 shares, accounting for about 17.14% of the company's issued share capital[105]. - Siu Yik Tung Jamie held 9,929,509 shares, representing approximately 19.46% of the company's issued share capital[105]. - As of September 30, 2020, the company’s directors and key executives held a total of 4,878,000 shares each, representing a significant personal interest in the company[99]. Future Plans and Strategies - The company continues to focus on the manufacturing and trading of electronic products and accessories, as well as providing restaurant services[20]. - The company plans to focus on its core electronic product sales business and aims to increase market share through more promotional and marketing activities[76]. - Management discussed the challenging market environment but emphasized efforts to explore new business opportunities to broaden revenue sources[74]. Financial Instruments and Transactions - The company announced a conditional placement agreement for convertible bonds totaling up to HKD 4,100,400, with a maximum of 10,200,000 shares to be issued upon conversion[70]. - The company completed a placement of convertible bonds amounting to approximately HKD 9.41 million, with net proceeds of about HKD 9.18 million intended for investment in the restaurant business and general working capital[89]. - The initial conversion price of the convertible bonds was set at HKD 0.0232, representing a premium of approximately 0.87% over the closing price of HKD 0.023 on June 11, 2020[93]. - The net proceeds from the bond issuance are intended for specific investments and operational needs, with approximately HKD 4.50 million already allocated for these purposes[93]. Compliance and Reporting - The interim report will be published on the Hong Kong Stock Exchange and the company's website[115]. - The company emphasizes high-quality board governance and transparency to shareholders[109]. - The company will issue further announcements once compliance with the GEM Listing Rules is achieved[110].

Product Launch and Development - The company launched a new product, the Halo lighting marker, designed for anglers, featuring six LED color options and a visibility range of 350 meters[9] - The updated version of the Halo lighting marker is set to be released in the second half of 2020, with automatic activation at dusk and deactivation at dawn, achieving visibility of approximately 500 meters in clear weather[9] - The company aims to launch six to seven new portable air purifiers and related products in 2020, along with increased marketing efforts to attract new customers[21] Financial Performance - The company reported its annual performance for the year ending March 31, 2020, but specific financial figures were not provided in the extracted content[9] - The group's revenue for the fiscal year ending March 31, 2020, was approximately HKD 49.25 million, a decrease of about 6.75% compared to HKD 52.82 million for the previous year[10] - The net loss attributable to the company's owners for the fiscal year was approximately HKD 25.10 million, a significant decline of about 576.08% from a profit of HKD 5.27 million in the previous year[10] - The gross profit margin decreased from approximately 21.81% in the previous year to about 19.57% for the fiscal year ending March 31, 2020[20] - Revenue from the electronic products segment was approximately HKD 32.96 million, a decrease of about 17.25% primarily due to reduced sales of charging boards[16] - Revenue from the food and beverage segment increased by approximately 25.44% to HKD 16.29 million for the fiscal year ending March 31, 2020[17] Business Strategy and Expansion - The company plans to expand its EMS business to international clients, particularly in the Chinese market, which is seen as having significant potential[21] - The company will open one to two new restaurants in 2020 as part of its investment in the food and beverage sector[21] - The company will maintain a focus on low-risk, high-margin businesses while managing operational costs more effectively in the coming years[11] Current Assets and Liabilities - As of March 31, 2020, the group's net current assets were approximately HKD 26.03 million, down from HKD 34.20 million in 2019[24] - The group's cash and bank balances were approximately HKD 6.46 million as of March 31, 2020, compared to HKD 8.31 million in 2019[24] - The current ratio as of March 31, 2020, was 4.50, a decrease from 7.12 in 2019[24] - The group did not recommend a final dividend for the year ended March 31, 2020, consistent with no dividend in 2019[26] - The group has no significant contingent liabilities as of March 31, 2020[27] Internal Control and Governance - The company has engaged independent internal control consultants to review and improve the effectiveness of its internal control system[46] - The board has identified significant deficiencies in internal controls, including the lack of regular credit checks on existing customers and suppliers[51] - Management has committed to continue monitoring accounts receivable reports and conducting credit searches on major customers before accepting new orders[51] - The internal control system has been deemed satisfactory by the audit committee, considering the nature and structure of the business[46] - The company plans to enhance its internal control measures further as needed[47] Management and Board Composition - The company appointed Mr. Liang Yudong as an independent non-executive director on April 30, 2019, with over 19 years of experience in accounting and finance[61] - Mr. Xu Jincheng, appointed on August 6, 2019, serves as the chairman of the audit, remuneration, and nomination committees, bringing over 11 years of experience in accounting and finance[62] - The company’s CEO, Mr. Zheng Xiangsheng, has approximately 26 years of experience in the electronics industry and is responsible for market research and product development strategies[65] - Ms. Lei Ying Shan, the company secretary and financial director, has over 13 years of experience in accounting, audit, and tax advisory[66] - The procurement manager, Ms. Dai Shanyu, has over 21 years of experience in procurement and material control, focusing on strategies to reduce raw material costs[70] Corporate Governance Practices - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, aiming to maintain high standards of business ethics and corporate governance to enhance shareholder value[80] - The board of directors has ensured compliance with the GEM Listing Rules regarding the appointment of independent non-executive directors, with at least one possessing appropriate professional qualifications or accounting expertise[78] - The company has established an audit committee responsible for reviewing financial reporting processes, internal controls, and risk management systems, consisting of three independent non-executive directors[93] - The company has implemented a whistleblowing policy to allow employees and stakeholders to report any potential misconduct anonymously[93] - The company has arranged for directors' liability insurance to protect against legal claims during the fiscal year[88] Environmental Sustainability - The group has implemented policies to support environmental sustainability and reduce its environmental impact[133] - The company has adopted policies prioritizing local suppliers to reduce energy consumption and greenhouse gas emissions from transportation[188] - The company reported a 99.57% reduction in greenhouse gas emissions through direct and indirect energy management[191] - The company has implemented a water recycling system in cooling equipment to minimize water usage in the Shenzhen electronic product manufacturing facility[200] - The company adheres to a 5R waste management strategy (Refuse, Reduce, Reuse, Repair, Recycle) to achieve zero waste[192] Shareholder and Investor Relations - The company has established various channels for communication with shareholders and investors, including annual and quarterly reports[124] - Shareholders holding at least 10% of the paid-up capital have the right to request the board to convene a special general meeting[120] - The company actively engages with stakeholders through various communication channels, including annual reports and shareholder meetings[183]

Financial Performance - For the three months ended June 30, 2019, the company recorded unaudited revenue of approximately HKD 13,010,000, a decrease of about 11.94% compared to the same period last year[8]. - The unaudited loss attributable to owners of the company for the same period was approximately HKD 2,410,000, compared to a loss of HKD 2,980,000 in the corresponding period of 2018[8]. - Basic and diluted loss per share for the three months ended June 30, 2019, was HKD 0.24, compared to HKD 0.31 for the same period in 2018[8]. - The group reported revenue of HKD 13,014,000 for the three months ended June 30, 2019, a decrease of 11.8% compared to HKD 14,779,000 in the same period of 2018[24]. - The group reported a total loss before tax of HKD 2,410,000 for the period, reflecting the impact of various expenses including financing costs[28]. - The overall gross profit margin decreased from approximately 33.77% for the three months ended June 30, 2018, to 23.64% for the same period in 2019, primarily due to a decline in sales of higher-margin products[66]. Revenue Breakdown - Sales of electronic products amounted to HKD 7,463,000, down 44.8% from HKD 13,513,000 year-on-year[24]. - Revenue from restaurant operations increased significantly to HKD 5,551,000, compared to HKD 1,266,000 in the previous year, marking a growth of 338.5%[24]. - Revenue from external customers in Hong Kong was HKD 5,868,000, while revenue from European countries was HKD 4,056,000 for the three months ended June 30, 2019[36]. - Sales of electronic products decreased by approximately HKD 6,050,000, with significant declines in sales of fishing indicators and charging boards, which dropped by approximately HKD 3,290,000 and HKD 2,400,000, respectively[64]. Expenses and Losses - The company’s gross profit for the period was HKD 3,076,000, with a cost of sales amounting to HKD 9,938,000[12]. - Total comprehensive loss for the period was HKD 3,441,000, which includes an exchange difference arising from the translation of foreign operations of HKD (1,031,000)[12]. - The company’s administrative and other expenses amounted to HKD 5,226,000 for the period[12]. - Administrative and other expenses for the three months were approximately HKD 5,230,000, a reduction of about 33.52% compared to HKD 7,860,000 for the same period in 2018, mainly due to a decrease in employee costs[66]. Dividends and Shareholder Information - The board of directors did not recommend the payment of a dividend for the three months ended June 30, 2019, consistent with the previous year[8]. - The company did not recommend the payment of dividends for the three months ended June 30, 2019, compared to no dividends in the same period of 2018[57]. - Zheng Ruoxiong holds 97,560,000 shares, representing 9.56% of the company's issued share capital[72]. - Major shareholder Andris Asset Management (Hong Kong) Limited holds 66,338,000 shares, representing 6.91% of the company's issued share capital[76]. Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules during the three-month period ending June 30, 2019[80]. - The company has adopted a code of conduct for securities transactions by directors, with no known violations during the reporting period[79]. - No directors had any significant interests in contracts that could have a material impact on the group's operations during the three-month period[81]. - The audit committee has been established to review and supervise the financial reporting procedures and internal controls of the group[84]. - The committee consists of three independent non-executive directors[84]. - The unaudited condensed consolidated financial statements for the three months ended June 30, 2019, have been reviewed by the committee[84]. - The committee believes that the financial statements are prepared in accordance with applicable accounting standards and have made adequate disclosures[84]. Future Plans and Market Strategy - The company plans to focus on its core business of selling electronic products and aims to increase market share through more promotional and marketing activities[64]. - The company issued convertible bonds totaling HKD 9,408,000, which can be converted into 192,000,000 shares at an initial conversion price of HKD 0.049 per share[61]. - The company experienced a 100% decrease in subcontracting income during the three-month period due to a reduction in orders for subcontracting services in China[65]. Other Information - The group adopted HKFRS 16 "Leases" effective April 1, 2019, which resulted in the recognition of lease liabilities and right-of-use assets[20]. - The group recognized right-of-use asset depreciation of HKD 1,598,743 and lease liability interest expense of HKD 82,816 for the three months ended June 30, 2019[21]. - The group did not report any inter-segment sales during the periods analyzed[26]. - The company has not purchased, sold, or redeemed any of its listed securities during the three-month period ending June 30, 2019[77]. - The total number of share options exercised by directors as of June 30, 2019, is 45,600,000, representing 4.38% of the issued share capital[69]. - The company has granted a total of 80,000,000 share options under the pre-IPO share option plan at an exercise price of HKD 0.15, representing 7.69% of the issued share capital[69]. - As of June 30, 2019, the company had no share options granted, exercised, or lapsed during the three-month period[70]. - The report will be published on the Hong Kong Stock Exchange website and the company's website[85]. - The first quarter performance report for 2019 is referenced[86].

Financial Performance - For the fiscal year ending March 31, 2019, the group's revenue was approximately HKD 52.82 million, an increase of about 37.82% compared to HKD 38.32 million for the previous year[9]. - The group recorded a profit of approximately HKD 5.27 million for the fiscal year, a significant increase of about 135.82% from a net loss of HKD 14.72 million in the previous year[9]. - Sales of electronic products reached approximately HKD 39.83 million, reflecting an increase of about 5.91% primarily due to higher sales of charging boards[16]. - The overall gross profit margin decreased from approximately 25.17% in the previous year to about 21.81% due to a reduction in orders for higher-margin products[22]. - The company experienced a 24.16% increase in sales and distribution expenses, amounting to approximately HKD 1.48 million for the fiscal year[22]. - As of March 31, 2019, the company's current assets were approximately HKD 34.20 million, including cash and bank balances of about HKD 8.31 million[26]. - The total employee cost, including director remuneration, was approximately HKD 23.92 million for the year ended March 31, 2019, compared to HKD 20.55 million in 2018, reflecting an increase of about 11.5%[33]. - The company did not declare a final dividend for the fiscal year ending March 31, 2019, consistent with the previous year[28]. - The company has a dividend policy that allows shareholders to share in profits while retaining sufficient reserves for future growth[143]. - As of March 31, 2019, the company's distributable reserves amounted to HKD 27.71 million, calculated after deducting contributed reserves, share premium, and accumulated losses[175]. - The board does not recommend any final dividend for the year ending March 31, 2019[160]. Business Operations - The company launched a new product, the L-Bow, which includes six light units and is designed to enhance safety for drivers by indicating their position and turning points[8]. - The company opened two new restaurants in Wanchai during the fiscal year[8]. - The manufacturing business faced challenges due to fluctuations in raw material prices and increases in the statutory minimum wage in China[9]. - The group experienced intense competition both domestically and internationally, impacting its business performance for the fiscal year[9]. - The company plans to launch two to three new products related to marking rods, charging boards, and alarms in 2019 to expand its customer base[23]. - The company aims to expand its EMS (Electronic Manufacturing Services) business, particularly in the Chinese market, which is considered to have significant potential[23]. - The company’s main business involves the manufacturing and trading of electronic products and accessories, with no significant changes in business nature during the fiscal year[157]. Corporate Governance - The company has maintained high standards of corporate governance, adhering to the GEM Listing Rules and enhancing accountability and performance[94]. - The board of directors has a full attendance record, with all members present for 8 out of 8 meetings during the fiscal year[101]. - The company has a clear policy for the appointment and re-election of directors, requiring one-third of directors to retire at each annual general meeting[107]. - The company has established an Audit Committee to oversee financial reporting, internal controls, and risk management, consisting of three independent non-executive directors[114]. - The Audit Committee reviewed the company's financial performance for the fiscal year, including quarterly and annual reports, ensuring compliance with applicable accounting standards[115]. - The company has a Remuneration Committee that advises on the compensation of all directors and senior management, consisting of two independent non-executive directors and one executive director[118]. - The Nomination Committee has been formed to review the board's structure and diversity, ensuring a balanced skill set and experience among board members[120]. - The company has adopted a board diversity policy, emphasizing the importance of diverse perspectives in decision-making[120]. - The company has implemented a whistleblowing policy to allow employees and stakeholders to report potential misconduct confidentially[114]. - The company has taken appropriate insurance arrangements for its directors against legal actions, ensuring protection for board members[109]. - The company emphasizes the importance of ongoing professional development for directors, committing to suitable training opportunities[111]. - The board is responsible for ensuring that the financial statements reflect the company's financial position accurately and fairly[136]. - The company has established various channels for communication with shareholders and investors, including annual and quarterly reports[151]. Internal Control and Risk Management - The board is responsible for reviewing the effectiveness of the internal control system, which includes financial, operational, and compliance monitoring[64]. - An independent internal control consultant has been appointed to review and improve the internal control system, identifying several issues and deficiencies[64]. - The board has reviewed the internal control report and is taking necessary actions to address the identified issues[64]. - The internal control system aims to manage operational risks and ensure compliance with GEM listing rules and applicable laws[64]. - The company will continue to hire external professionals to review its internal control system and assess the need for internal audit functions annually[65]. - The effectiveness of the internal control system has reportedly improved following the review[68]. - The company is committed to identifying, monitoring, and managing risks associated with its business activities[135]. Shareholder Information - The top five customers accounted for approximately 50.23% of the total revenue, with the largest customer contributing about 27.42% of the total revenue[176]. - The top five suppliers represented around 25.93% of the total procurement amount, with the largest supplier accounting for approximately 12.10% of the total procurement[176]. - The company has retained the absolute right to update or modify its dividend policy at any time without legal obligation to declare dividends[143]. - The company has not made any purchases, sales, or redemptions of its listed securities during the year ending March 31, 2019[171]. - The company has not capitalized any equity during the year ending March 31, 2019[169]. - The company recognizes employees as valuable assets and focuses on hiring and nurturing suitable talent[166]. - The company has issued convertible bonds that will result in the issuance of shares to bondholders[197]. Management and Directors - Tansri Saridju Benui has been serving as an executive director for multiple companies since May 2000, including HiTech Distribution Pte Ltd and Chemitec Industrial Private Limited[78]. - Chen Zhenjie has experience in compliance and has served as a director for Neutron Sun Electronics Limited since October 2012[79]. - Lin Weiyuan has over 31 years of experience in auditing, corporate restructuring, and internal control reviews, and is a managing partner at his own accounting firm[84]. - Zheng Wangsheng, the CEO and Medical Sales Director, has approximately 26 years of experience in the electronics industry and has been with the group since 1993[87]. - Lei Ning Shan, the company secretary and financial director, has over 12 years of experience in accounting, auditing, and taxation[89]. - The company’s board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[179]. - No directors or major shareholders had any significant interests in contracts that could materially affect the company’s business during the fiscal year[183]. - The company has no service contracts with directors that cannot be terminated without compensation within one year[180]. - The company’s executive director, Zheng Ruoxiong, holds personal rights to 97,560,000 shares, which is 9.56% of the company’s shares[193]. - The executive director, Zheng Ruoxiong, has stock options totaling 22,800,000 shares, which is part of the total 45,600,000 shares held by the executive director[194]. - As of March 31, 2019, Andris Asset Management (Hong Kong) holds 66,338,000 shares, representing 6.91% of the company's issued share capital[197]. - Yang Dongcheng, as a beneficial owner, has a total of 189,229,306 shares, accounting for 18.55% of the company's issued share capital[197].

Financial Performance - For the nine months ended December 31, 2018, the company recorded unaudited revenue of approximately HKD 39,800,000, representing a year-on-year growth of about 44.10%[3] - The company reported an unaudited loss attributable to owners of approximately HKD 10,400,000 for the nine months ended December 31, 2018, compared to a loss of HKD 8,920,000 in the same period last year[3] - Basic and diluted loss per share for the nine months ended December 31, 2018, was HKD 1.06, compared to HKD 0.99 for the same period in 2017[3] - The total comprehensive loss attributable to owners for the nine months ended December 31, 2018, was HKD 13,963,000, compared to HKD 10,402,000 for the same period in 2017[6] - The group reported a loss before tax of HKD 10,443 thousand for the nine months ended December 31, 2018, compared to a loss of HKD 8,923 thousand for the same period in 2017[22] - Loss attributable to owners of the company for the nine months ended December 31, 2018, was approximately HKD 10,400,000, compared to a loss of HKD 8,920,000 for the same period in 2017, resulting in a loss per share of HKD 1.06[59] Revenue Breakdown - For the three months ended December 31, 2018, the company reported revenue of HKD 12,047,000, compared to HKD 7,273,000 for the same period in 2017[6] - Revenue from electronic products sales for the three months ended December 31, 2018, was HKD 7,963 thousand, compared to HKD 7,270 thousand in the same period of 2017, reflecting an increase of about 9.5%[17] - Revenue from restaurant services for the nine months ended December 31, 2018, was HKD 8,411 thousand, with no comparable figure provided for the same period in 2017[22] - The group’s electronic products manufacturing and trading segment generated revenue of HKD 29,347 thousand for the nine months ended December 31, 2018, up from HKD 25,776 thousand in the same period of 2017, indicating a growth of approximately 9.7%[22] - Revenue from Asian countries (excluding Hong Kong) for the nine months ended December 31, 2018, was HKD 10,554 thousand, compared to HKD 4,017 thousand for the same period in 2017, indicating significant growth[26] - The group’s total revenue from Europe for the nine months ended December 31, 2018, was HKD 18,855 thousand, compared to HKD 4,017 thousand for the same period in 2017, reflecting a substantial increase[26] Expenses and Losses - The company incurred administrative and other expenses of HKD 9,131,000 for the three months ended December 31, 2018, compared to HKD 4,782,000 in the same period in 2017[6] - Administrative and other expenses for the nine months ended December 31, 2018, were approximately HKD 26,290,000, an increase of about 76.31% compared to HKD 14,910,000 for the same period in 2017[58] - The increase in administrative expenses was mainly due to a rise in employee costs and rental expenses, which increased by approximately HKD 12,480,000 and HKD 4,050,000, respectively[58] Dividends and Share Options - The board of directors did not recommend the payment of a third-quarter dividend for the nine months ended December 31, 2018, consistent with the previous year[3] - The company did not recommend the payment of dividends for the nine months ended December 31, 2018, consistent with the previous year[38] - As of December 31, 2018, a total of 80,000,000 share options were granted under the pre-IPO share option scheme, representing approximately 7.69% of the issued share capital[61] - No share options were granted, exercised, or lapsed under the share option scheme during the nine months ended December 31, 2018[62] Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2018[79] - The company has complied with the corporate governance code as per GEM Listing Rules during the nine months ended December 31, 2018[75] - No directors had any significant interests in contracts that could materially affect the group's business during the nine months ended December 31, 2018[76] - There were no known conflicts of interest between the directors and the company during the nine months ended December 31, 2018[77] - The company has adopted the standard code of conduct for securities transactions by directors as per GEM Listing Rules[74] Future Plans and Market Strategy - The company plans to expand its market share and attract new customers through increased marketing activities and the design and development of new electronic products[53] - The company plans to utilize the net proceeds from the bond issuance primarily for its restaurant business expansion[60] Financing Activities - The company raised approximately HKD 13,000,000 through the issuance of convertible bonds, with a conversion price of HKD 0.106, representing a premium of about 8.16% over the closing price of HKD 0.098 on July 23, 2018[60] - Net proceeds from the bond issuance were approximately HKD 12,590,000, with about HKD 7,200,000 already allocated for investment in the restaurant business[60] Shareholder Information - Major shareholders include Andis Asset Management (Hong Kong) Limited with 66,338,000 shares, representing 6.91% of the issued share capital[70] - Yang Dongcheng holds a total of 189,229,306 shares, which accounts for 18.55% of the issued share capital[70] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2018[73] - The company has not reported any significant changes in its shareholder structure or major transactions during the reporting period[72]