壹照明集團控股有限公司 E Lighting Group Holdings Limited 截至二零二五年三月三十一日止年度 香港聯合交易所有限公司（「聯交所」）GEM的特色 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主板上市的 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。 （於開曼群島註冊成立之有限公司） 股份代號：8222 年度業績公告 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份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。 本公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 壹照明集團控股有限公司（「本公司」或「壹照明」）的資料；本公司的董事（「董事」）願就本 公告的資料共同及個別地承擔全部責任。各董事在作出一切合理查詢後，確 ...

Financial Performance - The Group's revenue for the six months ended 30 September 2024 was approximately HK$36,708,000, representing a decrease of approximately 6.4% from HK$39,216,000 in the corresponding period last year[17]. - The Group's gross profit during the Reporting Period was approximately HK$19,665,000, a decrease of approximately 6.6% from HK$21,054,000 compared to the same period last year, with an overall gross profit margin of approximately 53.6%[18]. - The Group recorded a profit of approximately HK$3,263,000 during the Reporting Period, compared to a loss of approximately HK$597,000 in the same period last year[23]. - Profit before income tax was HK$3,700,000, a significant improvement from a loss of HK$700,000 in the previous year[153]. - Net profit attributable to the owners of the Company was HK$3,263,000, compared to a loss of HK$597,000 in the same period last year[153]. - Basic and diluted earnings per share increased to HK$0.72 from a loss of HK$0.13[153]. - Employee costs for the six months ended 30 September 2024 were HK$7,551,000, down from HK$8,509,000 in 2023, reflecting a decrease of about 11.2%[194]. - Costs of inventories recognized as expenses were HK$14,316,000, down from HK$15,294,000, indicating a reduction of approximately 6.4%[191]. - The company reported a significant decrease in right-of-use assets depreciation from HK$8,107,000 in 2023 to HK$3,612,000 in 2024[191]. Expenses and Cost Management - Selling and distribution expenses decreased by approximately 29.5% to approximately HK$10,240,000 from HK$14,530,000 in the previous year, primarily due to a decrease in depreciation of right-of-use assets[21]. - Administrative and other expenses were approximately HK$5,071,000, representing a decrease of approximately 19.8% from HK$6,320,000 in the corresponding period last year, mainly due to a reduction in staff costs[22]. - Other unallocated corporate expenses totaled HK$5,072,000, primarily consisting of office and warehousing rentals, employee costs, and professional expenses[180]. Strategic Focus and Market Outlook - The Group will continue to focus on consolidating its retail network, optimizing product mix, and intensifying cost control to stabilize growth[11]. - The Directors foresee ongoing challenges in the Hong Kong retail market due to weak retail sentiment, prompting a cautious approach to business strategies[10]. - The Group is actively developing smart home and related products, seeking new opportunities in these areas[11]. - The Group aims to maintain a streamlined operation while being responsive to market changes and consumer needs[12]. Dividends and Shareholder Returns - No dividend has been recommended for the six months ended 30 September 2024, consistent with the previous year[24]. - The board does not recommend any dividend payment for the six months ending September 30, 2024, consistent with the previous period[28]. Tenancy Agreements and Leasing - The renewal of the tenancy agreement for the warehouse will take effect on August 1, 2024, with a total rental value of not less than HK$1,872,000 over two years[33]. - The renewal of the tenancy agreement for the Shatin shop will take effect on October 1, 2024, with the agent being Sun Hung Kai Real Estate[44]. - The renewal of the tenancy agreement for the Shatin Shop is for one year, from October 1, 2024, to September 30, 2025, with a total consideration of not less than HK$1,156,000[48]. - The renewal of the tenancy agreements is considered an acquisition of assets under the GEM Listing Rules[51]. - The applicable percentage ratios for the lease transaction of the Shatin Shop exceed 5% but are below 25%, classifying it as a discloseable transaction[52]. - The renewal agreements ensure stable operations and avoid additional costs related to relocating or renovating new retail spaces[48]. Financial Position and Assets - As of September 30, 2024, the Group's cash and bank balances were approximately HK$6,821,000, an increase from approximately HK$5,894,000 as of March 31, 2024[85]. - The Group's total equity attributable to the owners amounted to approximately HK$11,952,000 as of September 30, 2024, compared to approximately HK$8,689,000 as of March 31, 2024[92]. - The Group had no bank borrowings as of September 30, 2024, maintaining a gearing ratio of nil[85]. - Total current assets decreased slightly to HK$24,483,000 from HK$24,819,000 as of 31 March 2024[156]. - Total current liabilities decreased to HK$17,039,000 from HK$19,830,000, improving the net current assets to HK$7,444,000[156]. - Total consolidated assets as of 30 September 2024 were HK$31,191,000, slightly down from HK$31,251,000 as of 31 March 2024[188]. - Total consolidated liabilities decreased to HK$19,239,000 from HK$22,562,000, indicating a reduction of approximately 14.5%[188]. Corporate Governance and Compliance - The Company complied with the Corporate Governance Code during the Reporting Period[108]. - The Audit Committee reviewed the unaudited consolidated results for the six months ended September 30, 2024, confirming compliance with applicable accounting standards and GEM Listing Rules[146]. - The Company did not have a compliance adviser after the engagement of Ample Capital Limited ended on June 30, 2017[139]. - All executive and independent non-executive Directors entered into new service agreements for a term of two years commencing on September 11, 2024[147]. Shareholding Structure - As of September 30, 2024, Mr. Hui Kwok Keung Raymond held 210,000,000 shares, representing approximately 46.56% of the total issued shares[121]. - Mr. Hue Kwok Chiu held 45,000,000 shares, representing approximately 9.98% of the total issued shares[121]. - Time Prestige Ventures Limited holds 210,000,000 shares, representing approximately 46.56% of the total issued shares[130]. - Ms. Ng Hiu Ying, spouse of Mr. Hue Kwok Chiu, has an interest in 45,000,000 shares, accounting for about 9.98% of the total issued shares[130]. - The Company has maintained a sufficient public float as of the report date[150].

Financial Performance - The Group's revenue for the six months ended 30 September 2024 was approximately HK$36,708,000, representing a decrease of approximately 6.4% from HK$39,216,000 in the corresponding period last year[17]. - The Group's gross profit was approximately HK$19,665,000, a decrease of approximately 6.6% from HK$21,054,000 compared to the same period last year, with an overall gross profit margin of approximately 53.6%[18]. - The Group recorded a profit of approximately HK$3,263,000 during the Reporting Period, compared to a loss of approximately HK$597,000 in the same period last year[23]. - Profit before income tax was HK$3,700,000, compared to a loss of HK$700,000 in the previous year, indicating a significant turnaround[151]. - Profit attributable to the owners of the Company was HK$3,263,000, compared to a loss of HK$597,000 in the same period last year[151]. - Basic and diluted earnings per share increased to HK$0.72 from a loss of HK$0.13[151]. - The total remuneration of the Group for the reporting period was approximately HK$7,551,000, a decrease of about 11.3% compared to approximately HK$8,509,000 for the six months ended September 30, 2023[100]. - Employee costs for the six months ended 30 September 2024 were HK$7,551,000, down from HK$8,509,000 in 2023, reflecting a decrease of 11.3%[192]. - Costs of inventories recognized as expenses were HK$14,316,000, a decrease from HK$15,294,000 in 2023, representing a reduction of 6.4%[189]. Expenses Management - Selling and distribution expenses decreased by approximately 29.5% to approximately HK$10,240,000 from HK$14,530,000 in the previous year, primarily due to a decrease in depreciation of right-of-use assets[21]. - Administrative and other expenses decreased by approximately 19.8% to approximately HK$5,071,000 from HK$6,320,000 in the previous year, mainly due to a reduction in staff costs[22]. - The Group reported a decrease in selling and distribution expenses to HK$10,240,000 from HK$14,530,000, indicating improved cost management[151]. - Lease liabilities decreased to HK$8,282,000 from HK$11,559,000, showing a reduction in financial obligations[154]. Cash Flow and Liquidity - As of September 30, 2024, the Group's cash and bank balances were approximately HK$6,821,000, an increase from approximately HK$5,894,000 as of March 31, 2024[85]. - Net current assets improved to HK$7,444,000 from HK$4,989,000, reflecting better liquidity[154]. - The company reported a net increase in cash and cash equivalents of HK$927,000 for the period, compared to a net decrease of HK$91,000 in the same period last year[162]. - Cash and cash equivalents at the end of the period were HK$6,821,000, down from HK$9,847,000 at the end of the same period in 2023, representing a decrease of 30.6%[162]. - The net cash used in financing activities was HK$8,465,000, a slight improvement from HK$9,072,000 in the previous year, indicating a reduction of 6.7%[162]. Strategic Focus - The Group will continue to focus on consolidating its retail network, optimizing product mix, and intensifying cost control to stabilize growth[11]. - The Directors foresee ongoing challenges in the Hong Kong retail market due to weak retail sentiment, prompting a cautious approach to business strategies[10]. - The Group is actively developing smart home and related products, seeking new opportunities in these areas[11]. - The company continues to focus on cost management strategies to improve profitability amid challenging market conditions[182]. Dividends - No dividend has been recommended for the six months ended 30 September 2024, consistent with the previous year[24]. - The board does not recommend the payment of any dividends for the six months ending September 30, 2024, consistent with the previous period[27]. - No dividend was recommended for the six months ended 30 September 2024, consistent with the same period in 2023, where no dividend was paid[197]. Tenancy Agreements - The renewal of the tenancy agreement for the warehouse will take effect on August 1, 2024, for a term of two years, with an aggregate rental value of not less than HK$1,872,000[32]. - The renewal of the tenancy agreement for the Shatin shop was finalized on August 7, 2024, ensuring continued operation of the retail business[42]. - The effective date for the renewal of the tenancy agreement for the Shatin shop is set for October 1, 2024[44]. - The term of the renewed tenancy agreement is one year, from October 1, 2024, to September 30, 2025[48]. - The total consideration payable for the Shatin shop is not less than HK$1,156,000, which represents the aggregate monthly basic rental for the one-year term[48]. - The tenant is also subject to a monthly additional turnover rental of 15% of the monthly gross receipts exceeding the basic rental[48]. - The renewal of the tenancy agreement for the Shatin shop is regarded as an acquisition of asset under GEM Listing Rules[51]. - The effective date for the renewal of the tenancy agreement for the Mongkok shop is January 1, 2025[57]. - The total consideration payable for the Mongkok shop is not less than HK$1,728,000 for the two-year term[66]. - Major Will Limited has finalized the renewal terms for the tenancy agreement of Mongkok Shop Premises 2, effective from January 1, 2025, for a term of two years[69][72]. - The total basic rental for the two-year term is not less than HK$1,728,000, which translates to a monthly rental of approximately HK$72,000[73]. Shareholding Structure - Mr. Hui Kwok Keung Raymond held 210,000,000 shares, representing approximately 46.56% of the total issued shares[119]. - Mr. Hue Kwok Chiu held 45,000,000 shares, representing approximately 9.98% of the total issued shares[119]. - As of September 30, 2024, Time Prestige Ventures Limited holds 210,000,000 shares, representing approximately 46.56% of the total issued shares[128]. - Ms. Ng Hiu Ying has an interest of 45,000,000 shares, which accounts for 9.98% of the total issued shares[128]. Corporate Governance - The Company has complied with the corporate governance code provisions during the reporting period, ensuring high standards of corporate governance[106]. - The Audit Committee reviewed the unaudited consolidated results for the six months ended September 30, 2024, confirming compliance with applicable accounting standards and GEM Listing Rules[144]. - The Company has maintained a sufficient public float as of the date of the report[148]. Assets and Liabilities - Total equity attributable to the owners of the Company amounted to approximately HK$11,952,000 as of September 30, 2024, up from approximately HK$8,689,000 as of March 31, 2024[92]. - Total consolidated assets as of 30 September 2024 were HK$31,191,000, slightly down from HK$31,251,000 as of 31 March 2024[186]. - Total consolidated liabilities decreased to HK$19,239,000 as of 30 September 2024 from HK$22,562,000 as of 31 March 2024, a reduction of 14.5%[186]. - The Group does not have any material contingent liabilities as of September 30, 2024[93]. - The Group's assets had no charges as of September 30, 2024, remaining unchanged from March 31, 2024[96]. Foreign Exchange Exposure - The Group is exposed to foreign exchange fluctuations primarily with the Euro and Renminbi against the Hong Kong dollar, but currently does not have a foreign currency hedging policy[94]. - The Group has no foreign exchange hedging policy currently in place, but management monitors foreign exchange risks and may consider hedging significant risks as needed[97].

Corporate Social Responsibility - E Lighting has been recognized as a "Caring Company" for ten consecutive years, reflecting its commitment to social responsibility and sustainable development[18]. - The Group is actively participating in the "Fluorescent Lamp Recycling Programme" to reduce environmental risks associated with improper disposal of mercury-containing lamps[19]. Market Conditions - The Hong Kong retail market remains challenging, with continuous weak retail sentiment expected in the near term[20]. - The retail market in Hong Kong remains challenging, with weak retail sentiment expected to continue in the near term[40][44]. Financial Performance - For the financial year ended March 31, 2024, the Group's revenue was approximately HK$74,347,000, representing a decrease of approximately 5.8% from HK$78,927,000 in the previous year[29][32]. - The Group recorded a gross profit of approximately HK$39,153,000 and a loss of approximately HK$11,511,000 for the financial year[30][33]. - The Group's revenue for the financial year was approximately HK$74,347,000, a decrease of approximately 5.8% from HK$78,927,000 in the previous year, primarily due to weak retail market sentiment[48]. - The gross profit was approximately HK$39,153,000, representing a decrease of approximately 7.5% from HK$42,308,000, with an overall gross profit margin of approximately 52.7%[49]. - Selling and distribution expenses were approximately HK$27,271,000, a decrease of approximately 3.7% from HK$28,318,000, mainly due to reduced depreciation on right-of-use assets[50]. - Administrative and other expenses were approximately HK$14,469,000, a decrease of approximately 15.4% from HK$17,094,000, primarily due to a reduction in staff costs[51]. - The Group recorded a loss of approximately HK$11,511,000 during the financial year, compared to a loss of HK$6,845,000 in the previous year[52]. - As of March 31, 2024, the Group's net assets were approximately HK$8,689,000[30][33]. - As of March 31, 2024, the Group had cash and bank balances of approximately HK$5,894,000, a decrease from HK$9,938,000 in 2023[105]. - The Group's total equity attributable to owners amounted to approximately HK$8,689,000 as of March 31, 2024, down from HK$20,200,000 in 2023[112]. - The Group had no bank borrowings as of March 31, 2024, maintaining a gearing ratio of nil[105]. - Total remuneration for the Group for the financial year was approximately HK$17,827,000, compared to HK$20,212,000 in 2023[125]. - The Group did not have any significant capital commitments as of March 31, 2024[123]. - The Board does not recommend the payment of any dividend for the financial year, consistent with 2023[124]. - The Group had 47 employees as of March 31, 2024, an increase from 46 employees in 2023[125]. - There were no material contingent liabilities as of March 31, 2024[113]. Strategic Initiatives - E Lighting plans to maintain a flexible and tailored sales and marketing strategy to enhance its market position by accurately procuring suitable products for the domestic market[20]. - The Group aims to stabilize growth through cautious strategic planning and optimization of its product mix[41][45]. - The Group will continue to monitor business environment trends and adjust product strategies accordingly[28][40]. - The Group's proactive measures include strengthening cost and cash flow control to address market changes[28][39]. - The Group expresses cautious confidence in its future development, leveraging global trends in energy saving and environmental protection[23][42]. - The Group is actively promoting smart home and related products while seeking more opportunities in these businesses[41]. - The Group will adopt cautious strategies and closely control expenditures to maintain competitiveness[23][42]. Tenancy Agreements - The renewal of the tenancy agreement for Tsuen Wan Shop 310 was finalized on May 2, 2023, with an effective date of June 22, 2023, for a term of three years[59]. - The total consideration for the renewal of the tenancy agreement is not less than HK$1,155,000 for the three-year term[61]. - The renewal of the tenancy agreement is considered a discloseable transaction under GEM Listing Rules, exceeding 5% but below 25% in applicable percentage ratios[65]. - The renewal of the tenancy agreement for Kowloon Bay Shop has an effective date of June 23, 2023, and will last for two years until June 22, 2025[72]. - The total consideration for the renewal is not less than HK$1,992,000, which represents the aggregate monthly basic rental for the two-year term[72]. - The tenant is also subject to an additional turnover rental of 15% of the monthly gross receipts exceeding the basic rental[72]. - The renewal agreement is considered a discloseable transaction under GEM Listing Rules, as the applicable percentage ratios exceed 5% but are below 25%[76]. - The terms of the renewal were determined after arm's length negotiations and are deemed fair and reasonable by the Board[74]. - The renewal of the tenancy agreement for Tsuen Wan Shop 312 was finalized on July 5, 2023, with a similar structure to the Kowloon Bay Shop agreement[82]. - The renewal agreements are aimed at ensuring stable operations without incurring additional costs related to relocation or renovation[73]. - The landlord for Kowloon Bay Shop is MegaBox Development Company Limited, a wholly-owned subsidiary of Kerry Properties Limited[72]. - The renewal agreements are in line with the nature of the retail business in Hong Kong, which requires periodic leasing of retail spaces[73]. - The company recognizes the value of the right-of-use assets on its consolidated statement of financial position in connection with the lease agreements[75]. - The renewal of the tenancy agreement for Tsuen Wan Shop 312 is effective from September 1, 2023, for a term of three years, ending on August 31, 2026[84]. - The total consideration for the renewal is not less than HK$2,555,000, which represents the aggregate monthly basic rental for the three-year term[84]. - The terms of the renewal were determined after arm's length negotiations and are considered fair and reasonable, aligning with normal commercial terms[86]. - The renewal is recognized as an acquisition of asset under HKFRS 16 "Lease," impacting the consolidated statement of financial position[87]. - The applicable percentage ratios for the lease transaction exceed 5% but are below 25%, classifying it as a discloseable transaction subject to reporting requirements[88]. - The renewal of the tenancy agreement for Wanchai Shop 56 is effective from March 8, 2024, for a term of two years, ending on March 7, 2026[95]. - The total consideration for the Wanchai Shop 56 renewal is not less than HK$2,025,000, representing the aggregate monthly basic rental for the two-year term[95]. - Similar to Tsuen Wan Shop 312, the terms for Wanchai Shop 56 were established after arm's length negotiations and are deemed fair and reasonable[97]. - The renewal of Wanchai Shop 56 is also recognized as an acquisition of asset under HKFRS 16, affecting the financial position of the Group[98]. - The applicable percentage ratios for the Wanchai Shop 56 lease transaction also exceed 5% but are below 25%, making it a discloseable transaction[99]. Management and Governance - The company has a strong management team with diverse expertise in various fields including design, finance, and law[140]. - The group is focused on business development and market expansion strategies[138]. - The company aims to enhance its operational efficiency and resource management through independent oversight[141]. - The management team is committed to maintaining high standards of conduct and performance within the organization[146]. - The company has adopted a code of conduct for securities transactions by Directors, confirming compliance with the Required Standard of Dealings during the Financial Year[167]. - The Board of Directors consists of three executive Directors and three independent non-executive Directors, with all members confirming no material relationships among them[168]. - During the Financial Year, five Board meetings and one general meeting were held, with full attendance from executive Directors[177]. - The company is committed to high standards of corporate governance, complying with the CG Code during the Financial Year[166]. - The principal function of the Board includes approving overall business plans and strategies, and monitoring their implementation[173]. - The company has a fixed term service agreement with two executive Directors for two years, subject to termination provisions and retirement by rotation[181]. - The independent management team is led by senior management with substantial experience in the Group's business[173]. - The company has complied with the code provision requiring the chairman to hold annual meetings with independent non-executive Directors without the presence of other Directors[178]. - The company has a strong focus on compliance with safety requirements for all products sold in retail stores[159]. - The Company has three independent non-executive Directors, complying with Rule 5.05 of the GEM Listing Rules[189]. - Mr. Chung and Mr. Leung possess appropriate professional qualifications or accounting expertise as required by Rule 5.05(2) of the GEM Listing Rules[189]. - The roles of the chairman and the chief executive officer are separated, with Mr. Hue Kwok Chiu as chairman and Mr. Hui Kwok Keung Raymond as CEO[190]. - The Board delegates day-to-day operations to executive Directors and management while reserving key strategic decisions for Board approval[191]. - All Directors participated in continuous professional development during the Financial Year to enhance their knowledge and skills[193]. - The Company has established service agreements for its Directors, with terms of two years and provisions for termination with three months' notice[184][187]. - Directors are subject to retirement by rotation at least once every three years, ensuring compliance with corporate governance standards[186]. - The Company received written confirmations of independence from all independent non-executive Directors, affirming their status[189]. - The Board has the authority to appoint Directors to fill casual vacancies or as additions to the existing Board[185]. - The Company provides training courses and monthly updates to support Directors' professional development[192].

Revenue and Profit Performance - Revenue for 2024 decreased to HK$74,347 thousand from HK$78,927 thousand in 2023, a decline of 5.8%[3] - Gross profit for 2024 was HK$39,153 thousand, down from HK$42,308 thousand in 2023, a decrease of 7.5%[3] - The company reported a net loss of HK$11,511 thousand for 2024, compared to a net loss of HK$6,845 thousand in 2023, an increase in loss of 68.2%[3] - The company's revenue for the fiscal year was approximately HKD 74,347,000, a decrease of 5.8% compared to the previous year's HKD 78,927,000, primarily due to weak retail market sentiment[90] - The company recorded a loss of approximately HKD 11,511,000 for the fiscal year, compared to a loss of HKD 6,845,000 in the previous year[93] - The company's gross profit for the fiscal year was approximately HKD 39,153,000, a decrease of 7.5% compared to the previous year's HKD 42,308,000, primarily due to reduced sales and gross margin[116] - The overall gross margin for the fiscal year was approximately 52.7%[116] Cash and Financial Position - Cash and bank balances decreased to HK$5,894 thousand in 2024 from HK$9,938 thousand in 2023, a drop of 40.7%[4] - The company's total liabilities decreased to HK$22,562 thousand in 2024 from HK$29,401 thousand in 2023, a reduction of 23.3%[4] - The company's total equity decreased to HK$8,689 thousand in 2024 from HK$20,200 thousand in 2023, a significant drop of 57.0%[4] - As of March 31, 2024, the company's cash and bank balances were approximately HKD 5,894,000, a decrease from HKD 9,938,000 in 2023[174] - The company's total equity attributable to owners was approximately HKD 8,689,000 as of March 31, 2024, down from HKD 20,200,000 in 2023[175] - The company's leverage ratio was zero as of March 31, 2024, with no bank borrowings, as it primarily relies on internally generated funds for working capital[174] - The company's assets were unencumbered as of March 31, 2024, with no mortgages on its assets[177] Segment Performance - The company's reportable segment performance for the lighting and furniture business was HK$5,833 thousand in 2024, down from HK$11,547 thousand in 2023, a decrease of 49.5%[15] - Revenue from external customers for the lighting and furniture business was 78,903 thousand HKD, while the tableware, gifts, and other business generated 24 thousand HKD, totaling 78,927 thousand HKD[39] - The company reported a segment performance of 13,490 thousand HKD for the lighting and furniture business, while the tableware, gifts, and other business incurred a loss of 1,943 thousand HKD, resulting in a total segment performance of 11,547 thousand HKD[39] - Liabilities for the lighting and furniture business decreased to 21,417 thousand HKD in 2024 from 28,420 thousand HKD in 2023, while liabilities for the tableware, gifts, and other business increased to 1,145 thousand HKD from 981 thousand HKD[40] Expenses and Costs - Employee costs, including director remuneration, decreased to HK$17,827 thousand in 2024 from HK$20,212 thousand in 2023, a reduction of 11.8%[23] - The company's sales and distribution expenses decreased by 3.7% to 27,271 thousand HKD in 2024 from 28,318 thousand HKD in 2023, primarily due to reduced depreciation of right-of-use assets[67] - Administrative and other expenses decreased by 15.4% to 14,469 thousand HKD in 2024 from 17,094 thousand HKD in 2023, mainly due to reduced employee costs[68] - The company recognized an impairment loss of 6,831 thousand HKD for right-of-use assets in 2024, compared to 2,411 thousand HKD in 2023[78] - The company's total employee compensation expenses for the fiscal year were approximately HKD 17,827,000, compared to HKD 20,212,000 in 2023[178] Lease and Rental Agreements - The company renewed lease agreements for retail spaces in Tsuen Wan and Kowloon Bay, with total rental costs of at least HKD 1,992,000 and HKD 2,555,000 respectively[104][111] - The company renewed the lease for Tsuen Wan Shop 310 with a total consideration of not less than HKD 1,155,000 over a three-year lease term[122] - The company renewed the lease for Kowloon Bay Shop with a two-year term starting from June 23, 2023, to June 22, 2025[129] - The company renewed the lease for Wan Chai Shop 56 with a two-year term starting from March 8, 2024, to March 7, 2026[143] - The company renewed the lease for the retail store at Tsuen Wan 312, with a lease term from September 1, 2023, to August 31, 2026, for a period of three years[161] - The total consideration for the renewal of the lease at Wan Chai 56 is not less than HKD 2,025,000, covering the basic monthly rent for a two-year period[170] Corporate Governance and Shareholding - The company had 451,035,713 issued ordinary shares as of March 31, 2024[151] - The company's controlled corporate interests held 210,000,000 shares, representing 46.56% of the total equity[183] - The company's beneficial owner held 45,000,000 shares, representing 9.98% of the total equity[183] - The company adheres to high corporate governance standards and has complied with the GEM Listing Rules' corporate governance code during the fiscal year[157] Other Financial Metrics - The company received an insurance compensation of HK$635,000 for damages caused by heavy rain in 2024[21] - The company did not recommend any dividend payment for the year ended March 31, 2024, consistent with the previous year[24] - The company recognized a loss before tax of 11,511 thousand HKD in 2024, compared to 6,845 thousand HKD in 2023[49] - The company's income tax expense increased to 998 thousand HKD in 2024 from 373 thousand HKD in 2023[71] - The company's accounts receivable, net of impairment losses, amounted to HKD 7,105,000 at the end of the reporting period, compared to HKD 6,467,000 in the previous year[82] - Contract liabilities decreased to HKD 1,014,000 from HKD 1,181,000 in the previous year[83] - The company's budgeted gross margin for the cash-generating unit is between 29% and 59%, with a growth rate ranging from -6.3% to 5.1%[79] - The company's wage growth rate is estimated at 3%, based on independent economic data from the Hong Kong Special Administrative Region[79] - The company's net book value of self-use properties was 4,730 thousand HKD as of March 31, 2024[53] - The company employed 47 employees as of March 31, 2024, compared to 46 in the previous year[155] - The company does not have a foreign exchange hedging policy but monitors exchange rate risks and may consider hedging significant risks if necessary[153] - The company's liquidity and financial resources are closely monitored to ensure sufficient working capital for operational needs[149] - The company has no significant investments, acquisitions, or disposals of subsidiaries as of March 31, 2024[174] Market and Business Outlook - The company is actively promoting smart home and related products and is closely seeking more business opportunities in this area[65] - The company's management expects the Hong Kong retail market to remain challenging in the short term, with continued weak retail sentiment[113] - The company's lease renewals are expected to provide stable operations without additional costs for seeking, renovating, or relocating to new retail spaces[99][107]

Financial Performance - The Group's revenue for the six months ended 30 September 2023 was approximately HK$39,216,000, representing a decrease of approximately 8.1% from HK$42,653,000 in the corresponding period last year[16]. - The Group's gross profit during the Reporting Period was approximately HK$21,054,000, a decrease of approximately 10.2% from HK$23,448,000 compared to the same period last year, with a gross profit margin of approximately 53.7%[17]. - The Group recorded a loss of approximately HK$597,000 during the Reporting Period, compared to a profit of approximately HK$2,246,000 in the same period last year[20]. - For the six months ended September 30, 2023, the company's revenue was HK$39,216,000, a decrease of 8.5% compared to HK$42,653,000 for the same period in 2022[131]. - Gross profit for the same period was HK$21,054,000, down 10.2% from HK$23,448,000 in the previous year[131]. - The company reported a loss attributable to owners of HK$597,000 for the six months ended September 30, 2023, compared to a profit of HK$2,246,000 for the same period in 2022[131]. - Basic and diluted loss per share was HK$0.13 for the six months ended September 30, 2023, compared to earnings of HK$0.50 for the same period in 2022[131]. - The company reported a consolidated loss before income tax of HK$(700,000) for the six months ended September 30, 2022, contrasting with a profit of HK$2,465,000 in 2023, highlighting a significant improvement in financial performance[166]. - For the six months ended 30 September 2023, the company reported a loss attributable to owners of HK$597,000, compared to a profit of HK$2,246,000 for the same period in 2022, representing a significant decline[189]. Expenses and Cost Management - Selling and distribution expenses increased by approximately 3.3% to approximately HK$14,530,000 from HK$14,061,000 in the previous year, primarily due to increased depreciation on right-of-use assets[18]. - Administrative and other expenses decreased by approximately 18.6% to approximately HK$6,320,000 from HK$7,762,000 in the previous year, mainly due to a reduction in staff costs[19]. - Total remuneration for the Group during the Reporting Period was approximately HK$9,276,000, compared to approximately HK$10,053,000 for the six months ended September 30, 2022[83]. - Employee costs for the six months ended September 30, 2023, amounted to HK$9,276,000, down 7.7% from HK$10,053,000 in the same period of 2022[183]. - Costs of inventories recognized as expenses for the six months ended September 30, 2023, were HK$15,294,000, a decrease from HK$16,208,000 in the previous year, indicating a reduction of 5.6%[180]. Market Outlook and Strategy - The Directors foresee continued challenges in the Hong Kong retail market due to weak retail sentiment, and the Group will adopt a pragmatic approach to identify suitable market opportunities[9]. - The Group is focusing on consolidating its retail network, optimizing product mix, and intensifying cost control to stabilize growth through cautious strategic planning[10]. - The Group aims to maintain steady growth and maximize returns for investors while being responsive to market changes and consumer needs[11]. - The Group is actively developing smart home and related products, looking for new business opportunities in this area[10]. Tenancy Agreements and Asset Management - The group renewed the tenancy agreement for Tsuen Wan Shop 310, effective from June 22, 2023, for a term of three years, with an aggregate rental value of not less than HK$1,155,000[30]. - The renewal of the tenancy agreement for Tsuen Wan Shop 310 is considered an acquisition of asset under GEM Listing Rules, as the applicable percentage ratios exceed 5% but are below 25%[34]. - The group also renewed the tenancy agreement for Kowloon Bay Shop, effective from June 23, 2023, with similar terms regarding property leasing and stability of operations[40]. - The renewal agreements are aimed at ensuring stable operations without incurring additional costs related to relocation and renovation[31]. - The terms of the tenancy agreements were determined after arm's length negotiations and are considered fair and reasonable by the board[32]. - The landlord for Tsuen Wan Shop 310 is CDW Building Limited, while the landlord for Kowloon Bay Shop is MegaBox Development Company Limited, both of which are independent third parties[30][40]. - The Group emphasizes the importance of securing retail locations to support its business growth and operational stability in the competitive retail market in Hong Kong[31]. - The Renewal of Tenancy Agreement for Kowloon Bay Shop has a total value of not less than HK$1,992,000 for a two-year term from June 23, 2023, to June 22, 2025[43]. - The Renewal of Tenancy Agreement for Tsuen Wan Shop 312 has a total value of not less than HK$2,555,000 for a three-year term from September 1, 2023, to August 31, 2026[54]. - Both tenancy agreements were negotiated based on open market rents of comparable properties and are considered fair and reasonable by the Board[46][56]. - The lease transactions for both shops exceed 5% but are below 25%, classifying them as discloseable transactions under GEM Listing Rules[48][50]. - The company recognizes the value of the right-of-use assets related to these leases in its consolidated financial statements[47][57]. - The renewal of these tenancy agreements ensures stable operations without incurring additional costs for relocation or renovation[44][55]. - The agreements are part of the company's strategy to maintain uninterrupted business operations and growth in the retail sector[44][55]. - The monthly lease payments will be made using internal resources[43][54]. Financial Position and Liquidity - As of September 30, 2023, the Group had cash and bank balances of approximately HK$9,847,000, a slight decrease from approximately HK$9,938,000 as of March 31, 2023[63]. - The Group's total equity attributable to the owners amounted to approximately HK$19,603,000 as of September 30, 2023, down from approximately HK$20,200,000 as of March 31, 2023[70]. - The Group had no bank borrowings as of September 30, 2023, maintaining a gearing ratio of nil[63]. - Total assets less current liabilities as of September 30, 2023, were HK$25,301,000, down from HK$27,728,000 as of March 31, 2023[136]. - The company's net assets as of September 30, 2023, were HK$19,603,000, a decrease from HK$20,200,000 as of March 31, 2023[136]. - Current liabilities increased to HK$24,220,000 as of September 30, 2023, compared to HK$21,873,000 as of March 31, 2023[133]. - The company maintained a sufficient public float as of the report date[124]. - The Group's treasury policy is conservative, ensuring that sales proceeds are deposited in reputable banks for security and liquidity[69]. - The Group has no plans for material investments or capital assets as of the date of the report[62]. - There were no material contingent liabilities as of September 30, 2023[71]. - The Group did not have any significant capital commitments as of September 30, 2023[82]. Shareholding and Corporate Governance - As of September 30, 2023, Mr. Hui Kwok Keung Raymond holds 210,000,000 shares, representing approximately 46.56% of the total issued shares of the Company[103]. - Mr. Hue Kwok Chiu has a beneficial ownership of 45,000,000 shares, which is about 9.98% of the total issued shares[103]. - The total number of shares available for issue under the Share Option Scheme is 40,000,000 shares, accounting for approximately 8.87% of the total number of issued shares[116]. - No share options have been granted by the Company since the adoption of the Share Option Scheme[116]. - As of September 30, 2023, there are no interests or short positions recorded for Directors or Chief Executives in the shares or debentures of the Company[105]. - Time Prestige Ventures Limited, wholly owned by Mr. Hui Kwok Keung Raymond, holds 210,000,000 shares, equivalent to 46.56% of the total issued shares[109]. - Ms. Ng Hiu Ying, spouse of Mr. Hue Kwok Chiu, is deemed to be interested in 45,000,000 shares, representing approximately 9.98% of the total issued shares[111]. - The Company did not engage a compliance adviser after June 30, 2017[117]. - The Audit Committee comprises three independent non-executive Directors and oversees the Company's financial reporting system and internal controls[118]. - There are no purchases, sales, or redemptions of the Company's listed securities during the reporting period[98]. Cash Flow and Investment Activities - Net cash generated from operating activities for the six months ended 30 September 2023 was HK$9,021,000, a decrease of 23.8% compared to HK$11,827,000 in the same period of 2022[141]. - Net cash used in investing activities was HK$40,000, compared to HK$27,000 in the previous year, indicating a slight increase in investment outflows[141]. - Net cash used in financing activities increased to HK$9,072,000 from HK$8,388,000, reflecting a rise of 8.2% in financing outflows[141]. - Cash and cash equivalents at the end of the period decreased to HK$9,847,000 from HK$17,267,000, representing a decline of 42.5%[141].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 E Lighting Group Holdings Limited 壹 照 明 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：8222 截至二零二三年九月三十日止六個月之中期業績公告 聯交所 的特色 GEM 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主板上市的 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。 ...

Financial Performance - The Group's revenue for the three months ended June 30, 2023, was approximately HK$19,568,000, representing a decrease of approximately 10.3% from HK$21,804,000 in the corresponding period last year[16]. - The Group's gross profit during the Reporting Period was approximately HK$10,562,000, a decrease of approximately 11.6% from HK$11,950,000 in the same period last year, with an overall gross profit margin of approximately 54.0%[17]. - The Group recorded a loss of approximately HK$283,000 for the three months ended June 30, 2023, compared to a profit of approximately HK$2,190,000 in the same period last year[24]. - For the three months ended June 30, 2023, the company recorded a loss of approximately HKD 283,000, compared to a profit of approximately HKD 2,190,000 for the same period in 2022[28]. - The company reported a loss before income tax of HK$315,000, compared to a profit of HK$2,414,000 in the previous year[72]. - The total comprehensive income attributable to the owners of the company for the period was a loss of HK$283,000, compared to a profit of HK$2,190,000 in the same period last year[72]. - Basic and diluted loss per share for the period was HK$0.06, compared to earnings of HK$0.49 per share in the prior year[72]. - For the three months ended June 30, 2023, the company's revenue was HK$19,568,000, a decrease of 10.14% compared to HK$21,804,000 for the same period in 2022[93]. - Other income for the same period was HK$0, down from HK$884,000 in 2022, which included government grants of HK$760,000[95]. - Employee costs for the three months ended June 30, 2023, totaled HK$4,165,000, a decrease of 5.69% from HK$4,416,000 in 2022[100]. - The company reported a Hong Kong Profits Tax credit of HK$32 for the three months ended June 30, 2023, compared to an expense of HK$224 in 2022[103]. - Basic and diluted (loss)/earnings per share for the period were calculated to be HK$(0.00063) for 2023, compared to HK$0.00486 for 2022, reflecting a decrease of approximately 112.9%[109][110]. Expenses and Cost Management - Selling and distribution expenses increased by approximately 3.6% to HK$7,273,000 from HK$7,019,000 in the previous year, primarily due to increased depreciation on right-of-use assets[22]. - The Group's administrative and other expenses remained stable at approximately HK$3,123,000, similar to the corresponding period last year[23]. - The company's administrative and other expenses for the reporting period were approximately HKD 3,123,000, maintaining a similar level compared to the same period last year[27]. - Loss before tax for the three months ended June 30, 2023, was not specified, but costs of inventories recognized as expenses were HK$7,631,000, compared to HK$8,286,000 in 2022[98]. Dividend and Shareholder Information - The Board does not recommend the payment of any dividend for the three months ended June 30, 2023, consistent with the previous year[25]. - The board of directors did not recommend the payment of any dividends for the three months ended June 30, 2023, consistent with the previous year[29]. - As of June 30, 2023, Mr. Hui Kwok Keung Raymond held 210,000,000 shares, representing approximately 46.56% of the total issued shares[45]. - Mr. Hue Kwok Chiu, as a beneficial owner, held 45,000,000 shares, which is approximately 9.98% of the total issued shares[45]. - Time Prestige Ventures Limited, a company wholly owned by Mr. Hui Kwok Keung Raymond, is the beneficial owner of 210,000,000 shares, representing approximately 46.56% of the total issued shares[47]. - As of June 30, 2023, there were no interests or short positions in the shares or underlying shares of the company recorded for any directors or chief executives, apart from those disclosed[48]. Corporate Governance and Compliance - The company has complied with the corporate governance code provisions during the reporting period[31]. - The audit committee reviewed the unaudited consolidated results and confirmed compliance with applicable accounting standards and GEM Listing Rules[64]. - The company has maintained a sufficient public float as of the date of the report[69]. - The company has adopted all new and revised HKFRSs relevant to its operations, with no significant effects on the results for the current and prior periods[84]. - The company is assessing the potential impact of new and revised HKFRSs that will be effective in future periods[85]. - The unaudited condensed consolidated financial statements have been reviewed by the company's audit committee[90]. Business Strategy and Market Outlook - The Group plans to continue optimizing its product mix and intensifying cost control while developing smart home and related products[11]. - The Directors foresee ongoing challenges in the Hong Kong retail market due to the post-local epidemic environment, prompting a cautious approach to business strategies[10]. - The Group aims to maintain a streamlined operation while being responsive to market changes and consumer needs[15]. - The Group is cautiously optimistic about future development, leveraging global trends in energy saving and environmental protection[15]. Share Option Scheme - The company has adopted a share option scheme to attract and retain personnel and provide additional incentives to eligible participants[56]. - The share option scheme will be valid for a period of ten years from its adoption date of September 11, 2014[57]. - As of June 30, 2023, the total number of shares available for issue under the Share Option Scheme is 40,000,000 shares, representing approximately 8.87% of the total issued shares[61]. - The company has not granted any share options since the adoption of the Share Option Scheme in September 2014[61]. Company Operations - The principal activity of the company is investment holding, while the group is engaged in retail and wholesale businesses in lighting and household products[78]. - The company operates primarily in the retail chain business of lighting and designer brand furniture and home products in Hong Kong[81]. - For the three months ended June 30, 2023, the company reported a loss attributable to owners of HK$283,000, compared to a profit of HK$2,190,000 in the same period of 2022, indicating a significant decline in performance[109]. - The weighted average number of shares for calculating basic and diluted (loss)/earnings per share remained constant at 451,036 shares for both 2023 and 2022[109].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 E Lighting Group Holdings Limited 壹 照 明 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：8222 截至二零二三年六月三十日止三個月之第一季度業績公告 聯交所 的特色 GEM 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主板上市的 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。 壹照明集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附 ...

Corporate Social Responsibility and Sustainability - E Lighting has been honored as a "Caring Company" for nine consecutive years, reflecting its commitment to social responsibility and sustainable development[17] - The Group participated in the "Fluorescent Lamp Recycling Programme" to reduce environmental risks and recover resources from used mercury-containing lamps[18] Impact of COVID-19 on Business Operations - The COVID-19 pandemic and related restrictions severely affected Hong Kong's economic activities, disrupting supply chains and changing consumption habits during the financial year[19] - Revenue for the financial year was approximately HK$78,927,000, a decrease of 5.9% compared to the previous year's HK$83,891,000, primarily due to the impact of the local epidemic on the retail market[29] - Revenue for the financial year was approximately HK$78,927,000, a decrease of 5.9% compared to the previous year's HK$83,891,000, primarily due to the impact of the local epidemic on the retail market[53][57] Revenue and Financial Performance - Revenue from the retail chain business in lighting and designer label furniture was approximately HK$78,903,000, accounting for 99% of the Group's revenue, a decrease of 5.4% from the previous year's HK$83,420,000[30] - Revenue from the tableware, giftware, and other business was approximately HK$24,000, accounting for 1% of the Group's revenue, a significant decrease of 94.9% from the previous year's HK$471,000[31] - The Group's gross profit was approximately HK$42,308,000, with a recorded loss of approximately HK$6,845,000 for the financial year[31] - As of 31 March 2023, the Group's net assets were approximately HK$20,200,000[31] - Revenue from the retail chain business in lighting and designer label furniture was approximately HK$78,903,000, a decrease of 5.4% from the previous year's HK$83,420,000[54][58] - Revenue from tableware, giftware, and other business was approximately HK$24,000, a significant decrease of 94.9% from the previous year's HK$471,000[54][59] - Gross profit for the financial year was approximately HK$42,308,000, a decrease of 8.5% from the previous year's HK$46,239,000, with an overall gross profit margin of 53.6%[55][60] - The Group recorded a loss of approximately HK$6,845,000 during the financial year, compared to a profit of HK$2,395,000 in the previous year[64][67] Sales and Marketing Strategy - E Lighting maintained a flexible sales and marketing strategy to offer diversified and modern product choices, reinforcing its leading market position[20] - The Group is actively developing smart home and related products while seeking new business opportunities[20] - The Group is actively developing smart home and related products and seeking opportunities in this sector[21] - The Group will closely monitor market trends, adjust product strategies, and actively carry out promotional activities to identify suitable opportunities[35] - The Group's core business remains the retail chain in lighting and designer label furniture, with a focus on timely product strategy adjustments and promotional activities[39] Cost Management and Operational Efficiency - Selling and distribution expenses increased by 3.3% to approximately HK$28,318,000, primarily due to an increase in depreciation on right-of-use assets[56][61] - Administrative and other expenses increased by 11.2% to approximately HK$17,094,000, mainly due to higher depreciation of right-of-use assets and staff costs[63][66] - The Group plans to adopt more cautious strategies, control expenditures, and maintain a streamlined business operation to stay competitive[23] Market Recovery and Future Outlook - The Group expects a recovery in the market as social distancing and anti-epidemic measures have been lifted, with optimism for improved performance in the second half of 2023[28] Lease Agreements and Property Management - The Group renewed the tenancy agreement for its Wanchai shop, with a total consideration of not less than HK$2,208,000 for a two-year term[65][68][71] - Renewal of Tenancy Agreement for Wanchai Shop: The lease renewal ensures stable operations without additional costs for relocation or renovation, benefiting the company's retail business in Hong Kong[73][75] - Wanchai Shop lease terms: The rental charge was determined through arm's length negotiations, referencing market rents of comparable properties, and is considered fair and reasonable by the Board[74][75] - Warehouse lease renewal: The agreement for the warehouse premises ensures stable operations for two years (1 August 2022 to 31 July 2024) with a total rental value of at least HK$2,611,000[82][84] - Warehouse lease terms: The rental charge was negotiated based on market rents of comparable properties and is deemed fair and reasonable by the Board[85][88] - GEM Listing Rules implications: Both Wanchai Shop and Warehouse lease renewals are classified as asset acquisitions under HKFRS 16, with applicable percentage ratios exceeding 5% but below 25%, making them discloseable transactions[77][79][86][89] - Mongkok Shop Premises 1 lease: On 26 October 2022, the company finalized a tenancy agreement for a retail store, ensuring continued operations in the Mongkok area[91] - The total value of the lease for Mongkok Shop Premises 1 is not less than HK$2,070,000, covering a two-year term from 1 January 2023 to 31 December 2024[93] - The total value of the lease for Mongkok Shop Premises 2 is not less than HK$2,070,000, covering a two-year term from 1 January 2023 to 31 December 2024[96] - The lease agreements for Mongkok Shop Premises 1 and 2 are considered asset acquisitions under the GEM Listing Rules, as per HKFRS 16 "Lease"[99] - The applicable percentage ratios for the lease transactions of Mongkok Shop Premises 1 and 2 exceed 5% but are below 25%, classifying them as discloseable transactions under the GEM Listing Rules[103] - The renewal of the Tenancy Agreement for Shatin Shop 103 was finalized on 6 January 2023, with terms agreed upon by Good Harvest Surplus Limited and Sun Hung Kai Real Estate (Sales and Leasing) Agency Limited[104] - Renewal of Tenancy Agreement for Shatin Shop 103 with a total consideration of not less than HK$1,984,000 for a two-year term, effective from 18 January 2023 to 17 January 2025[109] - The tenant is subject to an additional turnover rental of 10% of monthly gross receipts exceeding the basic rental[109] - Renewal of Tenancy Agreement for Morrison Shop 20, effective from 1 March 2023, with terms finalized on 11 January 2023[117][119] - The renewal of Shatin Shop 103 is considered an acquisition of asset under GEM Listing Rules, with applicable percentage ratios exceeding 5% but below 25%, making it a discloseable transaction[112][113] - The renewal of Shatin Shop 103 ensures stable operations without additional costs for relocation or renovation, benefiting the company's retail business in Hong Kong[110][114] - The aggregate value of consideration payable for the renewal of Morrison Shop 20 is not less than HK$1,728,000, covering a two-year term with monthly basic rental payments[121] - The renewal of Morrison Shop 20 ensures stable operations without additional costs for identifying, renovating, or relocating to new retail stores[122][124] - The terms of the Morrison Shop 20 renewal were determined through arm's length negotiations and are considered fair and reasonable by the Board[123][124] - The renewal of Shatin Shop 345 involves an aggregate value of consideration payable of not less than HK$1,917,000 for a two-year term[133] - The tenant of Shatin Shop 345 is subject to monthly additional turnover rental, calculated as 15% of the monthly gross receipts exceeding the basic rental[133] - The renewal of Shatin Shop 345 is beneficial for maintaining stable operations without incurring additional costs for relocation or renovation[135] - The terms of the Shatin Shop 345 renewal were determined through arm's length negotiations and are considered fair and reasonable by the Board[136] - Both renewals are classified as discloseable transactions under the GEM Listing Rules, as their applicable percentage ratios exceed 5% but are below 25%[127][138] - Renewal of tenancy agreement for Shatin Shop 336 with a total consideration of not less than HK$3,307,000 for a two-year term, including monthly basic rental and additional turnover rental of 15% of monthly gross receipts exceeding the basic rental[145][147] - Renewal of tenancy agreement for Shatin Shop 336 effective from 20 March 2023 to 19 March 2025, ensuring stable operations without additional costs for relocation or renovation[145][147] - Renewal of tenancy agreement for Shatin Shop 336 considered a discloseable transaction under GEM Listing Rules, with applicable percentage ratios exceeding 5% but below 25%, exempt from shareholder approval[151][152] - Renewal of tenancy agreement for Shatin Shop 336 negotiated at arm's length, referencing open market rent of comparable properties and existing rental payments, deemed fair and reasonable by the Board[148][149] - Renewal of tenancy agreement for Shatin Shop 336 recognized as acquisition of asset under HKFRS 16 "Lease", with right-of-use assets recorded on the consolidated financial statement[151] - Renewal of Morrison Hill Road Shop 48 lease with a total consideration of not less than HK$1,452,000 for a two-year term, effective from 7 May 2023 to 6 May 2025[158] - Renewal of Tsuen Wan Shop lease with a total consideration of not less than HK$1,150,000 for a three-year term, effective from 22 June 2023 to 21 June 2026[172] - The renewal of Morrison Hill Road Shop 48 lease is considered an acquisition of asset under GEM Listing Rules, with applicable percentage ratios exceeding 5% but below 25%, making it a discloseable transaction[163] - The renewal of Tsuen Wan Shop lease is aimed at securing stable operations without incurring additional costs for identifying, renovating, and relocating to new retail stores[173] - The renewal terms for both leases were determined after arm's length negotiations and are considered fair and reasonable, in the ordinary course of the company's business[161][172] - The renewal of the Tsuen Wan Shop tenancy agreement was determined based on open market rent of comparable properties and existing rental payments, ensuring fair and reasonable terms[174][176] - The Tsuen Wan Shop lease transaction exceeds 5% but is below 25% of the applicable percentage ratios, classifying it as a discloseable transaction under GEM Listing Rules[178][180] - The Kowloon Bay Shop renewal agreement involves a total consideration of not less than HK$1,992,000 for a two-year term, with additional turnover rental of 15% of monthly gross receipts exceeding the basic rental[184] - The Kowloon Bay Shop lease transaction also exceeds 5% but is below 25% of the applicable percentage ratios, making it a discloseable transaction under GEM Listing Rules[190][193] - Both the Tsuen Wan and Kowloon Bay Shop renewals are recognized as right-of-use assets on the company's consolidated financial statements under HKFRS 16 "Lease"[175][189] Financial Position and Treasury Management - Cash and bank balances as of 31 March 2023 were approximately HK$9,938,000, compared to HK$13,855,000 in 2022[196] - The Group's gearing ratio was nil as of 31 March 2023, with no bank borrowings, as operations were financed from internally generated funds[196] - Total equity attributable to the owners of the Company amounted to approximately HK$20,200,000 as of 31 March 2023, down from HK$27,045,000 in 2022[199] - The Group had 451,035,713 ordinary shares in issue as of 31 March 2023[199] - The Group adopts a conservative treasury policy, depositing sales proceeds immediately into reputable and creditworthy banks[198] - The Group closely monitors cash flow, considering trade receivables, trade payables, cash and bank balances, and administrative and capital expenditures to prepare cash flow forecasts[197] - As of 31 March 2023, the Group did not have any material contingent liabilities[200] - No significant investment or capital asset acquisition plans were disclosed as of the annual report date[194]