BINGO GROUP HOLDINGS LIMITED BINGO GROUP HOLDINGS LIMITED 比高集團控股有限公司 比高集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Incorporated in the Cayman Islands with limited liability) Stock Code 股份代號: 8220 (於開曼群島註冊成立之有限公 司 ) Stock Code 股份代號: 8220 (於開曼群島註冊成立之有限公 司 ) 中 期 業 績 報 告 2024/25 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") 香港聯合交易所有限公司(「聯交所」) GEM之特色 GEM has been positioned as a market designed to accommodate companies to which a higher investm ...

BINGO GROUP HOLDINGS LIMITED 比高集團控股有限公司 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：8220） 截至二零二四年九月三十日止六個月之 中期業績公告 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM之特色 GEM乃為較於聯交所上市之其他公司帶有更高投資風險之公司提供上 市 之 市 場。有 意 投 資 者 應 瞭 解 投 資 於 該 等 公 司 之 潛 在 風 險，並 應 經 過 審 慎 周 詳 之 考 慮 後 方 作 出 投 資 決 定。基 於GEM之 較 高 風 險 及 其 他 特 色， GEM較 適 合 專 業 及 其 他 經 驗 豐 富 之 投 資 者。 由 於GEM上 市 公 司 普 遍 為 中 小 型 公 司，在GEM買賣的證券可能會較於 聯 交 所 主 板 買 賣 之 證 券 承 受 較 大 的 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 公 告 之 內 容 概 不 負 ...

BINGO GROUP HOLDINGS LIMITED 比高集團控股有限公司 ANNUAL REPORT 年 報 2023/24 other matters the omission of which would make any statement BINGO GROUP HOLDINGS LIMITED 1 比高集團控股有限公司 五年財務摘要 2 | --- | --- | |-------------------------------------|-----------------| | | | | BOARD OF DIRECTORS | 董事會 | | Executive Directors | 執行董事 | | CHIAU Sing Chi | 周星馳 | | CHOW Man Ki Kelly | 周文姬 | | LAU Man Kit | 劉文傑 | | CHOW Nga Chee Alice | 周雅緻 | | YIP Yiu Bong | 葉耀邦 | | Independent Non-Executive Directors | 獨立非執行董事 | | CHOI Mei Ping | ...

Revenue and Profitability - The revenue from the "Bullet Screen Mini Game" is generated from TikTok users and viewers paying rewards or tips to online streamers/hosts. This income is distributed through the TikTok system, and the company receives a certain percentage of the total revenue generated by streamers/hosts using the mini game each month[4] - Revenue for the year ended March 31, 2024, was HKD 7,848,000, with a gross profit of HKD 4,323,000, compared to revenue of HKD 5,522,000 and gross profit of HKD 3,216,000 in the previous year[32] - The company recorded a net loss of HKD 12,073,000 for the year ended March 31, 2024, compared to a net loss of HKD 8,377,000 in the previous year[21][32] - The company's total comprehensive loss for the year ended March 31, 2024, was HKD 11,793,000, compared to HKD 7,567,000 in the previous year[33] - Total revenue for the fiscal year ending March 31, 2024, was HK$7.848 million, compared to HK$5.522 million in the previous year[64] - The cinema investment and management business generated HK$5.743 million in revenue, while the new media development and licensing business contributed HK$2.105 million[64] - The company reported a pre-tax loss of HK$12.004 million for the fiscal year ending March 31, 2024, compared to a loss of HK$8.377 million in the previous year[64] - Revenue from cinema ticket sales was HK$4.914 million, while snack sales contributed HK$592 million[71] - The company's basic and diluted loss per share was HK$12.45 for the fiscal year ending March 31, 2024, compared to HK$8.80 in the previous year[80] - The company did not recommend any dividend for the fiscal year ending March 31, 2024[79] - The company's net loss for the fiscal year ending March 31, 2024, was HKD 12,073,000, with a capital deficit of HKD 13,913,000 as of the same date[88] - Total revenue for the year was approximately HKD 7,800,000, an increase of HKD 2,300,000 compared to last year's HKD 5,500,000[95] - The company recorded a loss of approximately HKD 12,100,000 for the year, an increase of HKD 3,700,000 compared to last year's loss of HKD 8,400,000[95] - The company's cinema business generated revenue of approximately HKD 5,700,000 and gross profit of HKD 3,400,000 for the year[114] - The company generated approximately HKD 2.1 million in revenue from the sale of the "Mermaid" movie-themed tourbillon watches by the end of the fiscal year[165] IP Licensing and Commercialization - The company has been granted free IP licenses for "Mermaid," "Journey to the West: Conquering the Demons," and "CJ7" by the IP owners, which are sub-licensed to joint venture companies under specific conditions[5] - The company aims to commercialize IP through product sales, gamification, comic and animation production, and secondary content licensing. It plans to license IP usage and production rights to third parties or establish joint ventures with well-known brands in Greater China and overseas[6] - The company signed a memorandum of understanding with Beijing iQIYI Technology Co., Ltd. and Zeus Culture Media (Shanghai) Co., Ltd. in April 2024 for potential collaboration on original classic films, animations, TV series, reality shows, and musical sequels[91] - The company's subsidiary, Qunwei Investment Limited, secured the main licensing rights for "The New King of Comedy" from Star Overseas Limited, which is controlled by the company's executive director and major shareholder, Ms. Zhou Wenji[130] - The company's focus on new media development and licensing business includes providing IP authorization for new media content creation and various online platforms, leveraging its experience in film production and IP licensing[129] - The company's subsidiary, Gao Yi Limited, is responsible for obtaining and developing IP licenses, marketing and promoting applications, and collaborating with Douyin for compliance in the development of game/bullet screen mini-games[138] - The company has secured IP licenses for "Journey to the West: Conquering the Demons" and "CJ7" to develop and produce bullet-screen mini-games, with initial revenue from this segment at HKD 200,000[170][185] - The company has entered into an agreement with Wanwei Cat Animation to produce three animated films based on Stephen Chow's IPs, with a non-refundable deposit of RMB 1,200,000 received[182] - The company's "IP Accelerator" project manager, Data Hash, will provide project management and consulting services to assist IP owners in promoting and developing their IPs into various products, activities, and digital content[167] Financial Position and Liabilities - The company's capital deficit increased to HKD 13,913,000 as of March 31, 2024, from HKD 2,120,000 in the previous year[21] - The company's convertible bonds increased to HKD 15,031,000 in 2024 from HKD 13,146,000 in 2023[20] - The company's lease liabilities decreased to HKD 994,000 in 2024 from HKD 1,265,000 in 2023[20] - Total assets for the fiscal year ending March 31, 2024, were HK$14.883 million, down from HK$24.160 million in the previous year[64] - The company's total liabilities increased to HK$28.796 million from HK$26.280 million in the previous fiscal year[64] - The company's total assets as of March 31, 2024, were approximately HKD 14,900,000, including cash and cash equivalents of HKD 13,600,000[120] - The company's debt-to-asset ratio as of March 31, 2024, was approximately 1.93, compared to 1.09 in the previous year[120] - The company's cash and cash equivalents decreased from HKD 22,993 million to HKD 13,593 million year-over-year[181] - The company's current assets decreased from HKD 23,675 million to HKD 14,271 million, while current liabilities decreased from HKD 11,869 million to HKD 12,771 million[181] - The company's total assets minus current liabilities decreased from HKD 12,291 million to HKD 2,112 million[181] - The company's property, plant, and equipment increased from HKD 115 million to HKD 126 million, while lease deposits increased from HKD 343 million to HKD 478 million[181] - The company's equity in an associate increased from HKD 16 million to HKD 19 million[181] - The company's inventory increased from HKD 0 to HKD 17 million, while trade receivables increased from HKD 135 million to HKD 168 million[181] - The company's other receivables, deposits, and prepayments decreased from HKD 547 million to HKD 493 million[181] Cost Control and Expenses - Administrative expenses decreased to HKD 13,241,000 in 2024 from HKD 13,705,000 in 2023[32] - The company is implementing cost control measures to improve profitability and increase cash flow[22] - Total employee costs, including directors' remuneration, were approximately HKD 6,400,000 for the year, a decrease of HKD 200,000 compared to the previous year[122] - The company's total rental concessions amounted to 896 thousand HKD in 2024[47] Joint Ventures and Subsidiaries - The joint venture Bingo Group — Memorigin (BGM) Limited, established in February 2023, generated revenue of approximately HKD 2,100,000 and a gross profit of HKD 900,000 by the end of the fiscal year[92] - The company's joint venture with Guangzhou Jiu's Culture Technology Co., Ltd., named Guangzhou Gao Digital Culture Technology Co., Ltd., aims to develop augmented reality live-action role-playing (LARP) games, leveraging the company's experience in film production and IP licensing[130][131] - The company's joint venture partner, Jiu's, has a content library with nearly 300 signed distributors, providing a strong B2B SaaS platform in China[137] - The company's subsidiary, Gao Yi Limited, entered into a joint venture agreement with Memorigin Watch Co., Ltd. and Qin Sheng Limited to establish BGM, with the company holding a 60% stake in the venture[133] - The company's joint venture, Gao Digital Culture Technology Co., Ltd., has not yet started commercial production and therefore has not generated any revenue[132] - The company's subsidiary, Brilliant Insight Limited, has signed an agreement with Hengdian to lease additional screens, with the first trial operation expected to begin in Q3 2024[156] - The company's subsidiary, BGM, launched its first movie-themed tourbillon watch series around April 2023[165] - The company's subsidiary, Billion High Holdings, is collaborating with Wanwei Cat Animation on script creation and production phases for animation projects[166] - The company's wholly-owned subsidiary, Gaosheng Limited, signed a consulting services agreement with Xinhuo Asset Management (Hong Kong) Limited, a subsidiary of Xinhuo Technology Holdings Limited (Stock Code: 1611.HK), to provide intellectual property technology consulting services for a futures investment fund currently in the establishment phase[187] Corporate Governance and Board Responsibilities - The company's audit committee reviewed the group's annual performance for the year ended March 31, 2024, including accounting principles, risk management, internal controls, and financial reporting matters[11] - The company's board of directors confirmed that the information in the announcement is true, complete, and not misleading, with no omissions that would make any statement or the announcement misleading[13] - The company's board of directors is responsible for the accuracy and completeness of the announcement, confirming that the information is true and not misleading[16] - The company's board of directors presented the audited consolidated results for the year ended March 31, 2024, along with comparative figures for the same period in 2023[17] - The board members are responsible for ensuring the company establishes good corporate governance practices and procedures, and will discuss corporate governance matters during meetings to approve interim and annual results[191] - The executive directors are responsible for maintaining effective communication with shareholders and ensuring shareholder opinions are conveyed to the entire board[192] - The executive directors are responsible for promoting an open and proactive discussion culture, encouraging contributions from all directors, and maintaining constructive relationships between executive and non-executive directors[193] - Due to the vacancy in the Chairman position, the board has appointed at least one executive director to attend the annual general meeting, and the executive director should invite the chairs of the audit, remuneration, and nomination committees to attend[194] - As of March 31, 2024, the company does not have a Chairman of the Board or a CEO, and the board is currently seeking suitable candidates to fill these positions[189] Taxation and Government Subsidies - The company's Chinese subsidiaries are subject to a 25% corporate income tax rate[54] - No provision for Chinese corporate income tax was made in 2024 due to no taxable profit[55] - The company's subsidiaries in China were granted a preferential tax rate of 20% due to their small-scale enterprise status[78] - Government subsidies decreased significantly to 0 in 2024, down from 596 thousand HKD in 2023[51] - The company received government subsidies of approximately HKD 600,000 for cinema operations and rental concessions of HKD 900,000 due to COVID-19[96] Market and Liquidity - The company's shares traded on GEM may be subject to greater market volatility and lower liquidity compared to those traded on the Main Board of the Stock Exchange[15] - The company is seeking additional financing sources from major shareholders to improve liquidity and cash flow[37] - The company holds cash and cash equivalents of approximately HKD 13.6 million as of March 31, 2024, sufficient to cover its total current liabilities of HKD 12.8 million[148] New Business Initiatives - The company launched a new business selling movie-themed tourbillon watches during the year[95] - The company's joint venture Bingo Group — Memorigin (BGM) Limited, established in February 2023, is focused on selling movie-themed tourbillon watches through physical stores and e-commerce, with the company holding a 60% stake[133] - The company identified a new market for bullet-screen mini-games in China, with successful apps like "Forest Party" and "Cute Pet Battle" generating monthly sales between RMB 50,000,000 and RMB 100,000,000[184] - The company's animation business partner, Wanwei Renhe, is a well-known animation production company in China, with high click-through rates and ratings on platforms like Bilibili, Douyin, and Tencent Video[167] Financial Reporting and Standards - The company's consolidated financial statements for the year ended March 31, 2024, were reviewed by Cheng & Cheng CPA Limited, but no audit opinion or conclusion was provided as the work did not constitute an audit engagement[12] - The company applied new and revised Hong Kong Financial Reporting Standards effective from April 1, 2023, which did not have a significant impact on the financial statements[24][26] - The company's consolidated financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants[198] - The company has retrospectively implemented the guidance issued by the Hong Kong Institute of Certified Public Accountants regarding the accounting impact of the cancellation of the MPF and long service payment offset mechanism[199] Agreements and Contracts - The New Fire Agreement was terminated in January 2024, and the company is in discussions with New Fire Asset Management to extend the agreement, but no extension has been completed as of the announcement date. No revenue was generated from investment funds during the year as they were in the process of being established[7] - The company received a non-refundable deposit of RMB 1,200,000 (approximately HKD 1,300,000) from Wanwei Renhe (Beijing) Technology Co., Ltd. in September 2023 for consulting services[93] - The company has signed a memorandum of understanding with Beijing iQIYI and Zeus, with formal contract terms expected to be finalized before the memorandum expires on September 30, 2024[159] Employee and Staff Information - The company employed 28 staff in China and Hong Kong as of March 31, 2024, down from 52 in the previous year[122] - Total employee costs, including directors' remuneration, were approximately HKD 6,400,000 for the year, a decrease of HKD 200,000 compared to the previous year[122] Future Outlook and Expectations - The company expects the film entertainment, new media development, and licensing business segments to become a major driver of future revenue growth and profit, with significant improvement since April 2024[159] - The board believes that the company's existing business can create synergies with the new business, which will benefit the company in the future[188] Accounts Receivable and Payable - The company's accounts receivable for cinema investment and management business were HKD 141,000 in 2024, compared to HKD 135,000 in 2023[82] - The company's accounts payable for film entertainment, new media development, and licensing business were HKD 208,000 in 2024, compared to HKD 142,000 in 2023[84] - The company's receivable balance for cinema investment and management business included overdue receivables of HKD 15,000 as of March 31, 2024[103] Interest Income and Other Financials - The company's interest income increased to 44 thousand HKD in 2024, compared to 23 thousand HKD in 2023[51] - The company's total interest income across all segments was 23 thousand HKD in 2024[47] - The company's total depreciation of property, plant, and equipment was 8 thousand HKD in 2024[47] - The company's total interest income for the fiscal year ending March 31, 2024, was HK$44,000[66]

BINGO GROUP HOLDINGS LIMITED 比 高 集 團 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8220） 截 至 二 零 二 四 年 三 月 三 十 一 日 止 年 度 之 全 年 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其 他 在 聯 交 所 上 市 的 公 司 帶 有 較 高 投 資 風 險。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 普 遍 為 中 小 型 公 司，在GEM買 賣 的 證 券 可 能 會 較 於 聯 交 所 主 板 買 賣 之 證 券 承 受 較 大 的 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公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部 或任何部分內容所產生或因依賴該等內容而引致之任何損失承擔任何 責任。 本公告乃遵照聯交所GEM證 ...

BINGO GROUP HOLDINGS LIMITED 比 高 集 團 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8220） 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM之 特 色 GEM乃 為 較 於 聯 交 所 上 市 之 其 他 公 司 帶 有 更 高 投 資 風 險 之 公 司 提 供 上 市之市場。有意投資者應瞭解投資於該等公司之潛在風險，並應經過審 慎 周 詳 之 考 慮 後 方 作 出 投 資 決 定。基 於GEM之 較 高 風 險 及 其 他 特 色， GEM較適合專業及其他經驗豐富之投資者。 由 於GEM上 市 公 司 普 遍 為 中 小 型 公 司，在GEM買 賣 的 證 券 可 能 會 較 於 聯 交 所 主 板 買 賣 之 證 券 承 受 較 大 的 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公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概 ...

BIBNIGNOG OG RGORUOPU PH OHLODLIDNIGNSG SLI MLIIMTEITDED 比比高高集集團團控控股股有有限限公公司司 (Incor(Ipnocroartpeodr ainte tdh ein C tahyem Caany mIslaann dIssl awnidths wlimithit elidm liitaebdil iltiya)bility) (於開(於曼開群曼島群註島冊註成冊立成之立有之限有公限司公) 司) StockSt Coockd eC o股d份e 股代份號:代 8號22:0 8220 中 期 業 績 報 告 2023/24 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF 香港聯合交易所有限公司（「聯交所」） HONG KONG LIMITED (THE “STOCK EXCHANGE”) GEM之特色 GEM has been positioned as a market designed to GEM乃為較於聯交所上市之其他公司帶有更高 accommodate companies to which a h ...

BIBNIGNOG OG RGORUOPU PH OHLODLIDNIGNSG SLI MLIIMTEITDED 比比高高集集團團控控股股有有限限公公司司 (Incor(Ipnocroartpeodr ainte tdh ein C tahyem Caany mIslaann dIssl awnidths wlimithit elidm liitaebdil iltiya)bility) (於開(於曼開群曼島群註島冊註成冊立成之立有之限有公限司公) 司) StockSt Coockd eC o股d份e 股代份號:代 8號22:0 8220 2023/24 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF 香港聯合交易所有限公司（「聯交 HONG KONG LIMITED (THE “STOCK EXCHANGE”) 所」）GEM之特色 GEM has been positioned as a market designed to GEM的定位，乃為中小型公司提供一個上市的 accommodate small and mid-sized companies to w ...

BINGO GROUP HOLDINGS LIMITED 比 高 集 團 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8220） 截 至 二 零 二 三 年 六 月 三 十 日 止 三 個 月 之 第 一 季 業 績 公 告 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM之 特 色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其 他 在 聯 交 所 上 市 的 公 司 帶 有 較 高 投 資 風 險。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 普 遍 為 中 小 型 公 司，在GEM買 賣 的 證 券 可 能 會 較 於 聯 交 所 主 板 買 賣 之 證 券 承 受 較 大 的 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公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部 或任何部分內容所產生或因依賴該等內容而引致之任何損失承擔任何 責 ...

BINGO GROUP HOLDINGS LIMITED 比 高 集 團 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號: 8220 ANNUAL REPORT 年報 2022/23 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF 香港聯合交易所有限公司（「聯交所」） HONG KONG LIMITED (THE “STOCK EXCHANGE”) GEM之特色 GEM has been positioned as a market designed to GEM的定位，乃為中小型公司提供一個上市的 accommodate small and mid-sized companies to which a 市場，此等公司相比起其他在聯交所上市的公司 higher investment risk may be attached than other 帶有較高投資風險。有意投資的人士應了解投資 compani ...