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 年度業績公告 截至二零二三年三月三十一日止年度 香港聯合交易所有限公司（「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。 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 ...

Revenue Performance - During the Reporting Period, the Group's revenue was approximately HK$64,221,000, representing a decrease of approximately 7.1% from approximately HK$69,102,000 in the corresponding period last year[21]. - Revenue from the retail chain business in lighting and designer label furniture was approximately HK$64,196,000, a decrease of approximately 6.8% from approximately HK$68,872,000 in the corresponding period last year[22]. - Revenue from the tableware, giftware, and other business was approximately HK$25,000, representing a decrease of approximately 89.1% from approximately HK$230,000 in the corresponding period last year[23]. - The group's revenue for the reporting period was approximately HK$64,221,000, a decrease of about 7.1% compared to approximately HK$69,102,000 in the same period last year, primarily due to the ongoing impact of the local pandemic on the retail market[26]. - Revenue for the nine months ended December 31, 2022, was HK$64,221,000, a decrease of 7.4% compared to HK$69,102,000 for the same period in 2021[80]. - Revenue for the three months ended December 31, 2022, was HK$21,568,000, a decrease of 10.1% compared to HK$24,019,000 for the same period in 2021[101]. Profit and Expenses - The Group's gross profit was approximately HK$35,389,000, a decrease of approximately 7.2% from approximately HK$38,138,000 in the corresponding period last year, with an overall gross profit margin of approximately 55.1%[24]. - The group recorded a profit of approximately HK$2,504,000 during the reporting period, down from approximately HK$4,672,000 in the same period last year[33]. - Profit before income tax for the nine months ended December 31, 2022, was HK$2,782,000, a decline of 48.7% from HK$5,392,000 in 2021[80]. - Net profit attributable to owners of the Company for the nine months ended December 31, 2022, was HK$2,504,000, down 46.4% from HK$4,672,000 in the same period last year[80]. - Basic and diluted earnings per share for the nine months ended December 31, 2022, were HK$0.56, compared to HK$1.04 for the same period in 2021[80]. - Selling and distribution expenses were approximately HK$21,174,000, a decrease of approximately 2.9% from approximately HK$21,801,000 in the corresponding period last year[25]. - Administrative and other expenses increased by approximately 17.0% to approximately HK$12,145,000 from approximately HK$10,380,000 in the same period last year, primarily due to increased depreciation and staff costs[32]. - Selling and distribution expenses for the nine months ended December 31, 2022, were HK$21,174,000, a slight decrease of 2.9% from HK$21,801,000 in 2021[80]. - Administrative and other expenses increased to HK$12,145,000 for the nine months ended December 31, 2022, up 16.9% from HK$10,380,000 in the previous year[80]. - The company reported other income of HK$1,167,000 for the nine months ended December 31, 2022, compared to HK$15,000 in the same period of 2021[80]. - The company received government grants amounting to HK$1,006,000 for the nine months ended December 31, 2022, which was not present in the previous year[103]. Market Outlook and Strategy - The Directors foresee that the Hong Kong retail market remains challenging, with expectations of recovery as social distancing rules have been lifted[15]. - The Group will continue to focus on consolidating its retail network, optimizing product mix, and intensifying cost control[16]. - The Group is actively developing smart home and related products, looking for new opportunities in those businesses[16]. - The Group aims to maintain steady growth and maximize returns for investors while being responsive to market changes[17]. - The Group will adopt cautious strategies to control expenditure and maintain competitiveness in the evolving market[17]. Shareholding and Corporate Governance - As of December 31, 2022, Mr. Hui Kwok Keung Raymond held approximately 46.56% of the company's issued shares through a controlled corporation[51]. - Mr. Hue Kwok Chiu, as a beneficial owner, held approximately 9.98% of the company's issued shares[51]. - As of December 31, 2022, Time Prestige Ventures Limited holds 210,000,000 shares, representing approximately 46.56% of the total issued shares of the Company[58]. - Ms. Ng Hiu Ying, as the spouse of Mr. Hue Kwok Chiu, is deemed to be interested in 45,000,000 shares, which is approximately 9.98% of the total issued shares[60]. - 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[65]. - No share options have been granted by the Company since the adoption of the Share Option Scheme[65]. - The Audit Committee reviewed the unaudited consolidated results for the nine months ended December 31, 2022, confirming compliance with applicable accounting standards and legal requirements[71]. - The Company has maintained a sufficient public float as of the date of the report[75]. Equity and Financial Position - As of December 31, 2022, total equity was HK$29,549,000, an increase from HK$27,045,000 as of April 1, 2022[83]. - The Company continues to assess the potential impact of new and revised HKFRSs on its future results of operation[93].

Revenue Performance - During the Reporting Period, the Group's revenue was approximately HK$42,653,000, representing a decrease of approximately 5.4% from approximately HK$45,083,000 in the corresponding period last year[20]. - Revenue from the retail chain business in lighting and designer label furniture was approximately HK$42,636,000, a decrease of approximately 5.0% from approximately HK$44,862,000 in the corresponding period last year[21]. - Revenue from the tableware, giftware, and other business was approximately HK$17,000, representing a significant decrease of approximately 92.3% from approximately HK$221,000 in the corresponding period last year[22]. - For the six months ended September 30, 2022, the company's revenue was HK$42,653,000, a decrease of 5.5% compared to HK$45,083,000 for the same period in 2021[140]. - Revenue for the three months ended 30 September 2022 was HK$20,849,000, a decrease of 14.3% compared to HK$24,359,000 for the same period in 2021[183]. Profitability - The group's gross profit was approximately HK$23,448,000, representing a decrease of approximately 5.8% from approximately HK$24,902,000 in the corresponding period last year, with a gross profit margin of approximately 55.0%[28][33]. - The group recorded a profit of approximately HK$2,246,000 during the reporting period, compared to a profit of approximately HK$2,932,000 in the same period last year[31][36]. - Profit before income tax for the six months was HK$2,465,000, a decline of 27.1% from HK$3,384,000 in 2021[140]. - The company reported a profit attributable to owners of HK$2,246,000, which is a decrease of 23.4% compared to HK$2,932,000 in the prior year[140]. - Profit before income tax for the three months ended 30 September 2022 was HK$56,000, a decrease of 96.5% from HK$1,603,000 in 2021[187]. Expenses and Costs - Selling and distribution expenses were approximately HK$14,061,000, a decrease of approximately 2.7% from approximately HK$14,458,000 in the previous year[29][34]. - Administrative and other expenses increased by approximately 15.9% to approximately HK$7,762,000 from approximately HK$6,695,000 in the previous year[30][35]. - Employee costs for the six months ended 30 September 2022 totaled HK$10,053,000, an increase of 11.4% from HK$9,022,000 in the same period of 2021[190]. Market Outlook and Strategy - The Directors expect a recovery in the retail market when social distancing rules are relaxed, with the Electronic Consumption Voucher Scheme anticipated to stimulate local consumption in the last quarter of 2022[12]. - The Group will continue to focus on consolidating its retail network, optimizing product mix, and intensifying cost control to stabilize growth through cautious strategic planning[18]. - The Group is actively developing smart home and related products, seeking new opportunities in these businesses[18]. - The Group aims to maintain a streamlined business operation while being responsive to market changes and catering to consumers' specific needs[19]. - The Group is cautiously optimistic about its future development, leveraging support from the capital market and global trends towards energy saving and environmental protection[19]. - The retail market in Hong Kong remains challenging, influenced by the local epidemic's development[12]. - The Group will closely monitor the business environment and adjust its product strategies accordingly[12]. Tenancy Agreements - The renewal of the tenancy agreement for the Wanchai shop was finalized on July 8, 2022, with a term of two years from August 1, 2022, to July 31, 2024, at an aggregate value of not less than HK$2,208,000[39][41]. - The renewal of the tenancy agreement is considered a discloseable transaction under GEM Listing Rules, as the applicable percentage ratios exceed 5% but are below 25%[45][47]. - The renewal of the tenancy agreement for the warehouse will be effective from August 1, 2022, for a term of two years, ending on July 31, 2024[52]. - The total consideration for the warehouse lease is not less than HK$2,611,000, which represents the aggregate monthly rental for the two-year term[52]. - Major Will Limited has entered into a tenancy agreement for Mongkok Shop Premises 1, effective from January 1, 2023, for a term of two years[63]. - The total consideration for the Mongkok Shop Premises 1 lease is not less than HK$2,070,000 for the two-year term[63]. - Major Will Limited has also finalized a tenancy agreement for Mongkok Shop Premises 2 on October 26, 2022[65]. Financial Position - As of September 30, 2022, the Group had cash and bank balances of approximately HK$17,267,000, an increase from approximately HK$13,855,000 as of March 31, 2022[77]. - The Group's gearing ratio was nil as of September 30, 2022, indicating no bank borrowings, consistent with the previous period[77]. - Total equity attributable to the owners of the Company amounted to approximately HK$29,291,000 as of September 30, 2022, up from approximately HK$27,045,000 as of March 31, 2022[80]. - The Group does not have any significant capital commitments as of September 30, 2022[90]. - The Group has no charges on its assets as of September 30, 2022[88]. - Total non-current assets decreased from HK$22,697,000 as of 31 March 2022 to HK$19,515,000 as of 30 September 2022, a decline of approximately 14.4%[143]. - Current assets increased from HK$31,653,000 as of 31 March 2022 to HK$35,926,000 as of 30 September 2022, an increase of approximately 13.5%[143]. - Net current assets improved from HK$10,939,000 as of 31 March 2022 to HK$15,192,000 as of 30 September 2022, reflecting a growth of approximately 38.9%[143]. - Total consolidated assets amounted to HK$55,441,000, an increase from HK$54,350,000 as of March 31, 2022[180]. - Total consolidated liabilities decreased to HK$26,150,000 as of September 30, 2022, down from HK$27,305,000 as of March 31, 2022[180]. Shareholder Information - Mr. Hui Kwok Keung Raymond holds 210,000,000 shares, representing approximately 46.56% of the total issued shares[112]. - Mr. Hue Kwok Chiu holds 45,000,000 shares, which is approximately 9.98% of the total issued shares[112]. - Time Prestige Ventures Limited, a company wholly-owned by Mr. Hui Kwok Keung Raymond, is a beneficial owner of 210,000,000 shares, equating to 46.56% of the total issued shares[118]. Compliance and Governance - The company has complied with the corporate governance code provisions during the reporting period[99]. - The Audit Committee reviewed the unaudited consolidated results and confirmed compliance with applicable accounting standards and GEM Listing Rules[132]. - The company maintained a sufficient public float as of the report date[133]. - The company did not have a compliance adviser after the engagement of Ample Capital Limited ended on June 30, 2017[126].

Revenue Performance - During the Reporting Period, the Group's revenue was approximately HK$21,804,000, representing an increase of approximately 5.2% from approximately HK$20,724,000 in the corresponding period last year[22]. - Revenue from the retail chain business in lighting and designer label furniture was approximately HK$21,795,000, reflecting an increase of approximately 6.2% from approximately HK$20,517,000 in the same period last year[23]. - Revenue from the tableware, giftware, and other business was approximately HK$9,000, representing a significant decrease of approximately 95.7% from approximately HK$207,000 in the corresponding period last year[24]. - Revenue for the three months ended June 30, 2022, was HK$21,804,000, representing an increase of 5.2% from HK$20,724,000 in the same period of 2021[78]. - Revenue from retail chain operations in lighting and designer furniture was approximately HK$21,795,000, an increase of about 6.2% from approximately HK$20,517,000 in the previous year[28]. - Revenue from the operation of tableware gifts and other businesses decreased significantly by approximately 95.7% to about HK$9,000 from approximately HK$207,000 in the previous year[29]. Profitability - Gross profit was approximately HK$11,950,000, representing a 5.6% increase from approximately HK$11,321,000 compared to the same period last year, with a stable gross profit margin of approximately 54.8%[30]. - The Group recorded a profit of approximately HK$2,190,000 for the three months ended June 30, 2022, compared to HK$1,329,000 for the same period in 2021[34]. - Profit before tax increased to HK$2,414,000, compared to HK$1,512,000 in the previous year, reflecting a growth of 59.7%[78]. - Profit attributable to the owners of the Company for the period was HK$2,190,000, a significant increase of 64.8% from HK$1,329,000 in 2021[78]. - Basic and diluted earnings per share rose to 0.49 HK cents, compared to 0.29 HK cents in the same period last year, marking an increase of 68.9%[78]. - The Group's overall gross profit margin remained stable at approximately 54.8%, indicating consistent profitability despite fluctuations in revenue[30]. Expenses and Costs - Selling and distribution expenses increased by approximately 8.8% to approximately HK$7,019,000 from approximately HK$6,454,000, primarily due to higher staff costs and depreciation on right-of-use assets[26]. - Administrative and other expenses rose by approximately 2.2% to approximately HK$3,243,000 from approximately HK$3,172,000, mainly due to increased staff costs[33]. - Employee costs for the three months ended June 30, 2022, were HK$4,416,000, slightly up from HK$4,352,000 in 2021, reflecting a 1.5% increase[106]. - Auditor's remuneration decreased to HK$170,000 in the three months ended June 30, 2022, from HK$175,000 in the same period of 2021, indicating a reduction of approximately 2.9%[104]. - The costs of inventories recognized as expenses were HK$8,286,000 for the three months ended June 30, 2022, compared to HK$8,172,000 in 2021, showing a slight increase of 1.4%[104]. Market Outlook and Strategy - The Directors expect the Hong Kong retail market to remain challenging in the near term, influenced by local epidemic developments, but foresee recovery as social distancing rules are relaxed[16]. - The Government's Electronic Consumption Voucher Scheme is anticipated to stimulate local consumption in the second half of the year[16]. - The Group plans to focus on consolidating its retail network, optimizing product mix, and intensifying cost control to stabilize growth[17]. - The Group is actively developing smart home and related products, seeking new opportunities in these areas[17]. - Housing demand is expected to create new opportunities for the Group's various lines of business[18]. - The Group aims to maintain a streamlined operation while being responsive to market changes and consumer needs[18]. - The Group is cautiously optimistic about future development, leveraging capital market support and global trends towards energy saving and environmental protection[18]. Shareholder Information - As of June 30, 2022, Mr. Hui Kwok Keung Raymond held a controlling interest in the company with approximately 46.56% of the total issued shares[54]. - As of June 30, 2022, Time Prestige Ventures Limited holds 210,000,000 shares, representing approximately 46.56% of the total issued shares of the Company[59]. - Ms. Ng Hiu Ying, as the spouse of Mr. Hue Kwok Chiu, has an interest in 45,000,000 shares, accounting for about 9.98% of the total issued shares[59]. - The Company has a Share Option Scheme with a total of 40,000,000 shares available for issue, which is approximately 8.87% of the total number of issued shares[64]. - No share options have been granted under the Share Option Scheme since its adoption on September 11, 2014[64]. - The purpose of the Share Option Scheme is to attract and retain the best available personnel and provide additional incentives to various stakeholders[62]. - The weighted average number of shares for calculating basic and diluted earnings per share remained unchanged at 451,036 shares for both periods[114]. Compliance and Governance - The Audit Committee reviewed the unaudited consolidated results for the three months ended June 30, 2022, confirming compliance with applicable accounting standards and legal requirements[70]. - The Company has maintained a sufficient public float as of the date of the report[73]. - The Audit Committee consists of three independent non-executive Directors, chaired by Mr. Leung Wai Chuen[69]. - The Company did not have a compliance adviser after the engagement of Ample Capital Limited ended on June 30, 2017[65]. - As of June 30, 2022, no other persons or corporations (excluding Directors and Chief Executives) had recorded interests or short positions in the shares of the Company[60]. - The Company has adopted new and revised HKFRSs relevant to its operations, with no significant effects on the results for the current and prior periods[90].

Corporate Social Responsibility - E Lighting participated in several charitable events and has been recognized as a "Caring Company" for eight consecutive years[17]. - E Lighting has been involved in the "Fluorescent Lamp Recycling Programme" to mitigate environmental risks from improper disposal[18]. - E Lighting's commitment to sustainable development includes social responsibility initiatives[17]. Market Performance and Strategy - The company opened two new retail stores in April and May 2021, increasing its market share[21]. - E Lighting is actively developing smart home and related products to capture new business opportunities[21]. - The company maintains a flexible sales and marketing strategy to provide diversified product choices for consumers[20]. - The Group plans to maintain a cautious strategy and closely control expenditures to remain competitive in the challenging retail environment[25]. - The retail market in Hong Kong is expected to gradually recover in mid-2022, despite ongoing challenges from the COVID-19 pandemic[36]. - The Group will focus on consolidating its retail network, optimizing product mix, and intensifying cost control to stabilize growth[50]. - The Group is focusing on the development of smart home products and related opportunities, responding to the growing demand for housing and household products in Hong Kong[54]. - The Group will continue to monitor market trends and seek suitable opportunities for business expansion amidst challenges in the retail market[52]. Financial Performance - The Group's revenue for the financial year ended March 31, 2022, was approximately HK$83,891,000, representing an increase of approximately 2.0% from HK$82,227,000 in the previous year[31]. - Revenue from the retail chain business in lighting and designer label furniture was approximately HK$83,420,000, accounting for approximately 99.4% of the Group's total revenue, and increased by approximately 9.6% from HK$76,091,000 in the previous year[32]. - Revenue from tableware, giftware, and other business was approximately HK$471,000, accounting for approximately 0.6% of the Group's revenue, representing a decrease of approximately 92.3% from HK$6,136,000 in the previous year[33]. - The Group's gross profit for the financial year was approximately HK$46,239,000, with a recorded profit of approximately HK$2,395,000[33]. - The Group's net assets as of March 31, 2022, were approximately HK$27,045,000[33]. - The Group recorded a profit of approximately HK$2,395,000 during the Financial Year, down from a profit of approximately HK$8,157,000 in the previous year[67]. - The Group's total equity attributable to the owners amounted to approximately HK$27,045,000 as of March 31, 2022, compared to HK$24,650,000 in 2021, reflecting an increase of about 9.7%[108]. - The Group had no bank borrowings as of March 31, 2022, maintaining a gearing ratio of nil, consistent with the previous year[105]. - The Group's employee count increased to 50 as of March 31, 2022, up from 49 in the previous year, reflecting a slight growth in workforce[121]. Tenancy Agreements - The Renewal of Tenancy Agreement for Shatin Shop 335 has an effective date of October 1, 2021, and a term of three years, ending on September 30, 2024[74]. - The total consideration payable for the Shatin Shop 335 lease is approximately HK$5,635,000, which includes a monthly basic rental for the three-year term[74]. - The tenant is required to pay an additional turnover rental of 15% on monthly gross receipts exceeding the basic rental amount[74]. - The terms of the tenancy agreement were determined after arm's length negotiations and are considered fair and reasonable by the Board[76]. - The renewal of these tenancy agreements is aimed at ensuring stable operations without incurring additional costs related to relocation[75]. - The Group renewed the tenancy agreement for Shatin Shop 308 to ensure stable operations without incurring additional costs related to relocation and renovation[86]. - The renewal terms for Shatin Shop 308 were determined based on arm's length negotiations and market rent comparisons, ensuring fairness and reasonableness[87]. - The renewal of the tenancy agreement for Shatin Shop 308 is classified as an acquisition of assets under GEM Listing Rules, with applicable percentage ratios exceeding 5% but below 25%[88][89]. - The Group finalized the renewal of the tenancy agreement for Wanchai Shop 56 on 3 March 2022, effective from 8 March 2022 for a term of two years[93][95]. - The total consideration for the Wanchai Shop 56 tenancy agreement is not less than HK$2,250,000, covering the two-year term[95]. - The terms for Wanchai Shop 56 were also established through market comparisons and are deemed fair and reasonable by the Board[98]. - The renewal of the Wanchai Shop 56 tenancy agreement is recognized as an acquisition of assets under GEM Listing Rules, with applicable percentage ratios exceeding 5% but below 25%[99][100]. Governance and Compliance - The company has a commitment to high standards of corporate governance, complying with the Corporate Governance Code during the financial year[165]. - The Board of Directors consists of three executive directors and three independent non-executive directors, with all members confirming no material relationships among them[167]. - Each executive director has a service agreement for a fixed term of two years, with provisions for termination and retirement by rotation[180]. - The company held six board meetings and one general meeting during the financial year, with full attendance from executive directors[176]. - The company has adopted a code of conduct for securities transactions, ensuring compliance by all directors during the financial year[166]. - The independent non-executive directors held meetings with the chairman without the presence of other directors, in compliance with the Corporate Governance Code[177]. - The company has an independent management team led by experienced senior management to implement policies and strategies[172]. - Directors appointed to fill casual vacancies are subject to election by shareholders at the first general meeting after their appointment[183]. - The company ensures that every director is subject to retirement by rotation at least once every three years[184]. - The company has a strong focus on enhancing corporate value and safeguarding shareholder interests through effective governance practices[168]. - The Company has three independent non-executive Directors, complying with Rule 5.05 of the GEM Listing Rules[188]. - 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[189]. - The Audit Committee, established on September 11, 2014, consists of three independent non-executive Directors and oversees the Company's financial reporting system and risk management[200]. - All Directors participated in continuous professional development during the Financial Year to enhance their knowledge and skills[192]. - The Company has arranged appropriate insurance covering liabilities for Directors and officers, reviewed annually[199]. - The Board held six meetings and one shareholders' meeting during the Financial Year[187]. - Each Director is required to retire at least once every three years, with one-third of the Directors up for re-election at each annual general meeting[186]. - The Company has a clear delegation of powers to management while reserving key strategic decisions for Board approval[190]. - Independent non-executive Directors have confirmed their independence in writing, ensuring compliance with GEM Listing Rules[188]. Future Outlook and Growth Plans - The company reported a significant increase in revenue for the fiscal year 2021/22, achieving a total revenue of HKD 1.2 billion, representing a growth of 15% compared to the previous year[138]. - User data showed a 20% increase in active customers, reaching 500,000 by the end of the fiscal year, indicating strong market demand for the company's products[138]. - The company has set a future revenue target of HKD 1.5 billion for the next fiscal year, reflecting an ambitious growth strategy of 25%[138]. - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on energy-efficient lighting solutions[138]. - The company is expanding its market presence in Southeast Asia, with plans to open 10 new retail locations by the end of 2023[138]. - A strategic acquisition of a local lighting manufacturer is anticipated to enhance production capabilities and reduce costs by 10%[138]. - The company is investing HKD 50 million in research and development for innovative lighting technologies, aiming to lead in smart lighting solutions[138]. - The gross profit margin improved to 35%, up from 30% in the previous year, due to better cost management and pricing strategies[138]. - The company plans to enhance its online sales platform, targeting a 30% increase in e-commerce revenue by the end of 2023[138]. - A new marketing strategy focusing on digital channels is expected to increase brand awareness and customer engagement by 40%[138].

Revenue Performance - During the Reporting Period, the Group's revenue was approximately HK$69,102,000, representing an increase of approximately 8.5% from approximately HK$63,672,000 in the corresponding period last year[20]. - Revenue from the retail chain business in lighting and designer label furniture was approximately HK$68,872,000, reflecting a 19.2% increase from approximately HK$57,790,000 in the same period last year[21]. - Revenue from the tableware, giftware, and other business was approximately HK$230,000, showing a significant decrease of approximately 96.1% from approximately HK$5,882,000 in the corresponding period last year[22]. - Revenue for the three months ended December 31, 2021, was HK$24,019,000, representing an increase of 6.2% compared to HK$22,603,000 for the same period in 2020[80]. - Revenue for the nine months ended December 31, 2021, reached HK$69,102,000, up 8.5% from HK$63,672,000 in the previous year[101]. Profit and Expenses - The Group's gross profit was approximately HK$38,138,000, representing an increase of approximately 18.6% from approximately HK$32,163,000 in the corresponding period last year[23]. - The overall gross profit margin for the Group during the Reporting Period was approximately 55.2%[23]. - Selling and distribution expenses were approximately HK$21,801,000, reflecting a 14.6% increase from approximately HK$19,031,000 in the previous year, primarily due to increased staff costs and depreciation[29]. - Administrative and other expenses amounted to approximately HK$10,380,000, an increase of about 7.8% from approximately HK$9,632,000 in the same period last year, mainly due to higher staff costs[31]. - The Group recorded a profit of approximately HK$4,672,000 during the reporting period, down from approximately HK$6,119,000 in the same period last year[32]. - Profit before tax for the three months ended December 31, 2021, decreased to HK$2,008,000, down 50.1% from HK$4,015,000 in the same period of 2020[80]. - Profit attributable to owners of the Company for the nine months ended December 31, 2021, was HK$4,672,000, a decrease of 23.5% compared to HK$6,119,000 in the previous year[80]. - Basic and diluted earnings per share for the nine months ended December 31, 2021, was HK$1.04, down 24.1% from HK$1.37 in the same period of 2020[80]. Strategic Initiatives - The Group actively adjusted its product strategies and carried out promotion activities to drive revenue growth during the Reporting Period[20]. - The Group plans to continue consolidating its retail network, optimizing product mix, and intensifying cost control to stabilize growth[15]. - The Group is actively developing smart home and COVID-19 related products while seeking new international trading opportunities[15]. - The Group remains cautiously optimistic about future development, focusing on maintaining competitiveness and maximizing returns for investors[16]. - The Company continues to focus on expanding its retail chain business in lighting and designer label furniture in Hong Kong[86]. Shareholder Information - As of December 31, 2021, Mr. Hui Kwok Keung Raymond held approximately 46.56% of the total issued shares through a controlled corporation[50]. - As of December 31, 2021, Time Prestige Ventures Limited holds 210,000,000 shares, representing approximately 46.56% of the total issued shares of the Company[57]. - Ms. Ng Hiu Ying, as the spouse of Mr. Hue Kwok Chiu, has an interest in 45,000,000 shares, which is about 9.98% of the total issued shares[57]. - The Company has a Share Option Scheme with a total of 40,000,000 shares available for issue, accounting for approximately 8.87% of the total issued shares, but no options have been granted since its adoption[64]. Compliance and Audit - The Audit Committee reviewed the unaudited consolidated results for the nine months ended December 31, 2021, confirming compliance with applicable accounting standards and GEM Listing Rules[70]. - The Company has maintained a sufficient public float as of the date of the report[74]. - The Group has adopted all new and revised HKFRSs relevant to its operations, with no significant effects on the results for the current and prior periods[92].

Revenue and Profit Performance - During the reporting period, revenue from the retail chain business in lighting and designer label furniture was approximately HK$20,517,000, accounting for approximately 99% of the Group's total revenue[11]. - Revenue from the tableware, giftware, and other business was approximately HK$207,000, accounting for approximately 1% of the Group's total revenue[12]. - The Group's revenue for the reporting period was approximately HK$20,724,000, representing an increase of approximately 52.4% from HK$13,598,000 in the corresponding period last year[24]. - Revenue from the retail chain business in lighting and designer label furniture was approximately HK$20,517,000, reflecting a 54.4% increase from HK$13,291,000 in the same period last year[25]. - Gross profit for the reporting period was approximately HK$11,321,000, an increase of approximately 59.9% from HK$7,081,000 in the corresponding period last year, with an overall gross profit margin of approximately 54.6%[27]. - Profit before tax was HK$1,512,000 compared to a loss of HK$456,000 in the previous year, indicating a significant turnaround[80]. - Profit attributable to the owners of the Company for the period was HK$1,329,000, compared to a loss of HK$381,000 in the same period last year[80]. - Basic and diluted earnings per share were HK$0.29, compared to a loss per share of HK$0.08 in the previous year[80]. - Profit for the period was HK$1,329,000, compared to a loss of HK$381,000 in the same period of 2020, indicating a turnaround in profitability[113]. Market and Business Strategy - The Group successfully opened two new retail stores during the reporting period, increasing its market share[10]. - The retail sales value in Hong Kong has shown growth for five consecutive months from February 2021 to June 2021 compared to the previous year[16]. - The Directors expect a significant recovery in the retail market when social distancing rules are relaxed, with the electronic Consumption Voucher Scheme anticipated to stimulate local consumption in the second half of the year[17]. - The Group plans to focus on consolidating its retail network, optimizing product mix, and intensifying cost control to stabilize growth[18]. - The Group is actively developing smart home and COVID-19 related products, seeking new opportunities in these areas[18]. - The Group aims to maintain a streamlined business operation while being responsive to market changes and consumer needs[21]. - The Directors foresee challenges in the retail market due to the local epidemic's development, but are cautiously optimistic about future growth opportunities[17]. - The Group remains cautiously optimistic about future development, leveraging capital market support and global trends towards environmental sustainability and quality living[22]. - The increase in revenue and profit is attributed to timely adjustments in product strategies and active promotional activities[24]. - The Group aims to maintain stable development and strive for greater returns for investors[22]. Expenses and Financial Management - Selling and distribution expenses were approximately HK$6,454,000, up by approximately 6.5% from HK$6,058,000 in the same period last year, primarily due to increased staff costs[28]. - Administrative and other expenses amounted to approximately HK$3,172,000, representing a 5.5% increase from HK$3,006,000 in the corresponding period last year, mainly driven by higher staff costs[35]. - Employee costs rose to HK$4,352,000, a 19.3% increase compared to HK$3,647,000 in the previous year[106]. - Costs of inventories recognized as expenses increased to HK$8,172,000 from HK$5,596,000, reflecting a rise of 46.5%[103]. - Auditor's remuneration increased to HK$175,000 from HK$150,000, reflecting a 16.7% rise[103]. Shareholder Information - As of June 30, 2021, Mr. Hui Kwok Keung Raymond holds 210,000,000 shares, representing approximately 46.56% of the total issued shares[54]. - Mr. Hue Kwok Chiu, as a beneficial owner, holds 45,000,000 shares, which is about 9.98% of the total issued shares[60]. - 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[65]. - The interests of substantial shareholders include Time Prestige Ventures Limited, which holds 210,000,000 shares, equivalent to 46.56%[60]. - Ms. Ng Hiu Ying, as the spouse of Mr. Hue Kwok Chiu, is deemed to be interested in the same number of shares, totaling 45,000,000 shares or 9.98%[61]. - As of June 30, 2021, no other persons or corporations (excluding Directors and Chief Executives) had interests or short positions in the shares of the Company recorded in the register[61]. Compliance and Governance - The Audit Committee reviewed the unaudited consolidated results for the three months ended June 30, 2021, confirming compliance with applicable accounting standards and legal requirements[71]. - The Company has maintained a sufficient public float as of the date of the report[74]. - The Company did not have a compliance adviser after the engagement of Ample Capital Limited ended on June 30, 2017[66]. - The Company has adopted new and revised HKFRSs relevant to its operations, with no significant effects on current and prior periods[91]. - The Company is assessing the potential impact of new HKFRSs that will be effective in future periods[92]. - The financial statements have been reviewed by the Company's audit committee, ensuring compliance with applicable standards[94]. Dividend Information - The Group has not recommended the payment of any dividend for the three months ended June 30, 2021[37]. - No dividend was recommended for the three months ended June 30, 2021, consistent with the previous year[110].

Corporate Social Responsibility - E Lighting has been recognized as a "Caring Company" for seven consecutive years, reflecting its commitment to social responsibility and community support[18]. - The Group participated in the "Fluorescent Lamp Recycling Programme" to reduce environmental risks associated with improper disposal of mercury-containing lamps[19]. Business Development and Market Strategy - The Group successfully opened two new retail stores in April and May 2021, including "PANALIVING" and "PHILIPS AT EL," aimed at increasing market share[21]. - E Lighting is actively developing smart home and COVID-19 related products, seeking new business opportunities in international trading[21]. - Despite a challenging business environment, E Lighting continues to implement a flexible sales and marketing strategy to enhance its market position[20]. - The retail market in Hong Kong is expected to gradually recover in late 2021, despite ongoing challenges from the COVID-19 pandemic[37]. - The Group plans to adopt cautious strategies to maintain competitiveness while responding to market changes and consumer needs[53]. Financial Performance - The Group's revenue for the financial year ended 31 March 2021 was approximately HK$82,227,000, representing an increase of approximately 18.3% from HK$69,515,000 in the previous year[31]. - Revenue from the retail chain business in lighting and designer label furniture was approximately HK$76,091,000, accounting for approximately 92.5% of the Group's total revenue, with a year-on-year increase of approximately 14.4%[32]. - Revenue from tableware, giftware, and other business was approximately HK$6,136,000, accounting for approximately 7.5% of the Group's total revenue, showing a significant increase of approximately 105% from HK$2,993,000 in the previous year[33]. - The Group recorded a gross profit of approximately HK$44,054,000 and a profit of approximately HK$8,157,000 for the financial year[34]. - The Group's net assets as of 31 March 2021 were approximately HK$24,650,000[34]. - The Group's gross profit was approximately HK$44,054,000, an increase of approximately 19.8% from HK$36,763,000 in the previous year, with an overall gross profit margin of approximately 53.6%[59]. - Selling and distribution expenses decreased by approximately 11.3% to HK$23,005,000 from HK$25,925,000 in the previous year, primarily due to reduced rental and related expenses[60]. - Administrative and other expenses increased by approximately 2.8% to HK$14,169,000 from HK$13,790,000, mainly due to increased staff bonuses[67]. - The Group recorded a profit of approximately HK$8,157,000 during the Financial Year, compared to a loss of approximately HK$4,932,000 in the previous year[68]. Tenancy Agreements and Lease Management - The renewal of the tenancy agreement for Shop 312 is effective from September 1, 2020, for a term of three years, with an aggregate rental value of approximately HK$2,482,000[75]. - The tenant will enjoy a two-month rent-free period at the beginning of the term, and an additional turnover rental of 12% on gross receipts exceeding the basic rental[75]. - The renewal terms for Shop 312 were determined after arm's length negotiations and are considered fair and reasonable by the Board[77]. - The renewal of the tenancy agreement for GCH 14B-D is effective from August 1, 2020, for a term of two years, with an aggregate rental value of approximately HK$1,706,000[80]. - The Group has leased the GCH 14B-D premises for around 15 years, ensuring stable operations without incurring additional relocation costs[81]. - The terms for GCH 14B-D were also determined after arm's length negotiations and are deemed to be in the interests of the Company and shareholders[82]. - The Group's strategy includes securing stable operations through renewing existing tenancy agreements to avoid disruptions in business growth[76]. - The rental agreements are aligned with the open market rent of comparable properties in nearby districts[77]. - The Group's approach to tenancy agreements reflects its commitment to maintaining operational stability and minimizing costs associated with relocation[81]. - The tenancy agreement for Shop L3–7 has an effective date of May 1, 2021, with a total rental value of approximately HK$1,802,000 over three years[85]. - The tenant will enjoy a two-month rent-free period at the beginning of the lease term, with an additional turnover rental of 15% on gross receipts exceeding the basic rental[85]. - The renewal of the tenancy agreement for Shop 637 has an effective date of November 21, 2020, with a total rental value of approximately HK$3,173,000 over two years[90]. - The tenant for Shop 637 will benefit from a half-month rent-free period, ensuring stable operations without incurring additional relocation costs[90]. - The terms for both tenancy agreements were determined after arm's length negotiations and are considered fair and reasonable by the Board[87][92]. - The new lease for Shop L3–7 is expected to create synergies with the existing retail network, facilitating expansion at a lower cost[86]. - The renewal of the tenancy agreement for Shop 637 secures stable operations and prevents disruption to the Group's business growth[91]. - Both agreements were entered into in the ordinary course of business, aligning with the interests of the Company and its shareholders[92]. - The renewal of the tenancy agreement for Shop 103 is effective from January 18, 2021, for a term of two years, with an aggregate rental value of approximately HK$2,045,000[96]. - The tenant is required to pay an additional turnover rental of 10% on monthly gross receipts exceeding the basic rental[96]. - The renewal terms for Shop MH20–30 were finalized on January 29, 2021, with an effective date of March 1, 2021, and an aggregate rental value of approximately HK$1,704,000 for two years[101]. - Both tenancy agreements were negotiated based on open market rents of comparable properties, ensuring fair and reasonable terms for the company and shareholders[98][103]. - The company aims to secure stable operations at these premises without incurring additional costs related to relocation or renovation[97][102]. - The rental agreements are part of the company's strategy to maintain uninterrupted business operations and support growth[97][102]. - The rental payments for both agreements will be made monthly using internal resources[96][101]. - The agreements involve independent third parties, ensuring compliance with corporate governance standards[98][101]. - The company continues to focus on its retail business in Hong Kong, necessitating regular tenancy agreements for retail stores[97][102]. - The terms of the agreements reflect normal commercial practices in the industry, aligning with the company's operational needs[98][103]. - The Group entered into a tenancy agreement for Shop 336 effective from March 20, 2021, for a term of two years, with a total rental value of approximately HK$3,235,000[106]. - The rental agreement for Shop 336 includes a 30-day rent-free period at the beginning of the term and an additional turnover rental of 15% on gross receipts exceeding the basic rental[106]. - The decision to lease Shop 336 is aimed at expanding the retail network at a lower cost and creating synergies with existing stores[107]. - The renewal of the tenancy agreement for Shop 345 was finalized on February 10, 2021, with a total rental value of approximately HK$1,857,000 for a two-year term[109]. - The rental agreement for Shop 345 also includes a monthly additional turnover rental of 15% on gross receipts exceeding the basic rental[114]. - Both tenancy agreements were negotiated based on comparable market rents and are considered fair and reasonable by the Board[108]. - The Group's strategy includes maintaining stable operations by renewing existing leases rather than incurring additional costs for relocating[106]. - The premises for both shops are strategically located to enhance the Group's retail presence in Hong Kong[107]. - The Group's retail business is focused on minimizing operational disruptions through effective lease management[106]. - The agreements reflect the Group's commitment to long-term growth and operational efficiency in the retail sector[107]. Governance and Management - The Group's executive directors have extensive experience in business management, with Mr. Hue Kwok Chiu having over 22 years and Mr. Hui Kwok Keung Raymond over 26 years in the lighting and furniture retail industry[149][152]. - The Group's independent non-executive directors, including Mr. Chung Wai Man and Mr. Leung Wai Chuen, bring a combined experience of over 61 years in accounting, taxation, and finance[160][166]. - Ms. Yeung Mo Sheung Ann has over 20 years of experience in the legal field, contributing to the Group's governance and compliance[171]. - The Group's remuneration policy is based on individual performance and may include discretionary bonuses linked to the Group's profitability[147]. - The Group is focused on business development and expansion plans, with a strategic emphasis on market strategy and operations led by its executive directors[151][155]. - The Group's management team is composed of individuals with strong educational backgrounds, including degrees from the University of Hong Kong and the Hong Kong Polytechnic University[150][154]. - The Group's independent directors are responsible for providing independent judgment on strategy, performance, resources, and conduct standards, ensuring robust governance[158][169]. - The Group's executive team includes a chief creative officer, emphasizing the importance of product design and innovation in its business strategy[153]. - The Group's board composition reflects a balance of executive and independent non-executive directors, enhancing decision-making and oversight[158][169]. - The Group's strategic focus includes leveraging the experience of its directors to navigate market challenges and capitalize on growth opportunities in the lighting sector[151][160]. - The company is committed to high standards of corporate governance to safeguard shareholder interests and enhance corporate value[183]. - The Board of Directors consists of three executive directors and three independent non-executive directors, ensuring a balanced governance structure[185]. - During the financial year, five board meetings and one general meeting were held, demonstrating active governance practices[192]. - The company has complied with the Corporate Governance Code during the financial year, reflecting adherence to established governance standards[186]. - The independent management team is led by experienced senior management, responsible for implementing the group's policies and strategies[190]. - The company has adopted a code of conduct for securities transactions by directors, ensuring compliance with required standards[184]. - The principal function of the Board is to approve overall business plans and strategies, indicating a strategic focus on governance[190]. - The company has made specific inquiries with all directors regarding compliance with securities trading standards, confirming adherence[187]. Financial Position and Resources - As of March 31, 2021, the Group had cash and bank balances of approximately HK$17,557,000, an increase from HK$7,750,000 in 2020[124]. - The Group's total equity attributable to the owners amounted to approximately HK$24,650,000 as of March 31, 2021, compared to HK$16,493,000 in 2020, reflecting a growth of approximately 49%[127]. - The Group had no bank borrowings as of March 31, 2021, maintaining a gearing ratio of nil, consistent with the previous year[124]. - Total remuneration for the Group for the financial year was approximately HK$16,963,000, up from HK$16,053,000 in 2020, indicating an increase of about 5.7%[139]. - The Group employed 49 staff as of March 31, 2021, an increase from 45 employees in 2020[139]. - The Group did not have any significant capital commitments or contingent liabilities as of March 31, 2021[137][128]. - The Group's treasury policy is conservative, ensuring that sales proceeds are deposited in reputable banks for security and liquidity[126]. - The lease transactions under the renewal agreements exceeded 5% but were below 25%, qualifying as discloseable transactions under GEM Listing Rules[118]. - The Group does not currently have a foreign currency hedging policy but monitors foreign exchange exposure, particularly with the Euro and Renminbi[134].

Revenue Performance - During the Reporting Period, the Group's revenue was approximately HK$63,672,000, representing an increase of approximately 15.1% from approximately HK$55,298,000 in the corresponding period last year[21]. - Revenue from the retail chain business in lighting and designer label furniture was approximately HK$57,790,000, representing an increase of approximately 9.1% from approximately HK$52,957,000 in the corresponding period last year[22]. - Revenue from tableware, giftware, and other business was approximately HK$5,882,000, accounting for approximately 9.2% of the Group's total revenue[11]. - The Group's total revenue for the Reporting Period was approximately HK$63,672,000, an increase of approximately 15.1% from HK$55,298,000 in the same period last year, attributed to timely product strategy adjustments and active promotional activities[26]. - Revenue for the three months ended December 31, 2020, was HK$22,603,000, representing a 17.8% increase from HK$19,325,000 in the same period of 2019[79]. - For the three months ended December 31, 2020, the sales of goods amounted to HK$22,603,000, representing an increase of 11.8% compared to HK$19,325,000 for the same period in 2019[100]. - For the nine months ended December 31, 2020, total sales reached HK$63,672,000, up 15.1% from HK$55,298,000 in the previous year[100]. Profitability - The Group recorded a profit of approximately HK$6,119,000 during the Reporting Period, compared to a loss of approximately HK$811,000 in the same period last year[33]. - Profit before tax for the nine months ended December 31, 2020, was HK$6,926,000, compared to a loss of HK$944,000 in the same period of 2019[79]. - The profit attributable to owners of the Company for the nine months ended December 31, 2020, was HK$6,119,000, a significant recovery from a loss of HK$811,000 in the previous year[79]. - For the three months ended 31 December 2020, the profit was HK$3,462,000 compared to HK$229,000 for the same period in 2019, indicating a significant increase[117]. - For the nine months ended 31 December 2020, the profit was HK$6,119,000, a turnaround from a loss of HK$811,000 in the same period in 2019[117]. Cost Management - Selling and distribution expenses decreased to approximately HK$19,031,000, down approximately 4.3% from HK$19,884,000 in the previous year, primarily due to reduced rental and related expenses for retail outlets[25]. - Administrative and other expenses were approximately HK$9,632,000, a decrease of approximately 7.7% from HK$10,436,000 in the same period last year, mainly due to reduced emoluments to Directors[32]. - Selling and distribution expenses primarily consist of rentals for retail outlets, staff costs, electronic payment charges, and depreciation[25]. - Selling and distribution expenses decreased to HK$19,031,000 for the nine months ended December 31, 2020, down from HK$19,884,000 in the previous year, indicating improved cost management[79]. - Administrative and other expenses for the nine months ended December 31, 2020, were HK$9,632,000, a decrease from HK$10,436,000 in the same period of 2019[79]. Strategic Focus - The Group plans to focus on consolidating its retail network, optimizing product mix, and intensifying cost control to navigate the challenging retail market[16]. - The Group is actively developing smart home and COVID-19 related products, seeking new opportunities in international trading[16]. - The Group aims to maintain steady growth and maximize returns for investors while being responsive to market changes[17]. - The Group's strategic planning will be cautious, with a focus on controlling expenditures to maintain competitiveness[17]. - The Group's core business remains the retail chain in lighting and designer label furniture, which has established a strong market presence in Hong Kong[9]. Shareholder Information - As of December 31, 2020, Time Prestige Ventures Limited holds 210,000,000 shares, representing approximately 46.56% of the total issued shares of the Company[58]. - Ms. Ng Hiu Ying holds 45,000,000 shares, which is approximately 9.98% of the total issued shares, as she is deemed to have an interest in the shares held by her spouse[59]. - The Company has a Share Option Scheme with a total of 40,000,000 shares available for issue, representing about 8.87% of the total number of issued shares, but no options have been granted since its adoption[64]. Financial Position - The total equity as of December 31, 2020, increased to HK$22,612,000 from HK$20,614,000 as of December 31, 2019[82]. - The company reported an income tax expense of HK$807,000 for the nine months ended December 31, 2020, compared to a tax credit of HK$133,000 in the same period of 2019[111]. - The total employee costs for the three months ended December 31, 2020, were HK$4,213,000, marginally higher than HK$4,188,000 in the same period of 2019[108]. - The depreciation expense for property, plant, and equipment for the nine months ended December 31, 2020, was HK$240,000, down from HK$471,000 in the previous year[105]. Compliance and Reporting - The Audit Committee reviewed the unaudited consolidated results for the nine months ended December 31, 2020, and confirmed compliance with applicable accounting standards and GEM Listing Rules[70]. - The company continues to assess the potential impact of new and revised HKFRSs that will be effective in future periods, indicating a proactive approach to compliance and financial reporting[92]. - The company has not adopted new accounting standards that have been issued but are not yet effective, and is currently evaluating their potential impact[98]. - The company’s financial statements are presented in Hong Kong dollars, consistent with its functional currency[96].

Revenue Performance - During the Reporting Period, the Group's total revenue was approximately HK$41,069,000, representing an increase of approximately 14.2% from HK$35,973,000 in the corresponding period last year[22]. - Revenue from the retail chain business in lighting and designer label furniture was approximately HK$35,543,000, accounting for approximately 86.5% of the Group's total revenue, and representing a 5.3% increase from HK$33,750,000 in the previous year[11][23]. - Revenue from the tableware, giftware, and other business was approximately HK$5,526,000, accounting for approximately 13.5% of the Group's total revenue, and representing a significant increase of approximately 148.6% from HK$2,223,000 in the previous year[12][24]. - The Group's revenue for the Reporting Period was approximately HK$41,069,000, representing an increase of approximately 14.2% from approximately HK$35,973,000 in the corresponding period last year[27]. - Retail sales from the lighting and designer furniture segment amounted to approximately HK$35,543,000, an increase of approximately 5.3% from approximately HK$33,750,000 in the previous year[28]. - Revenue from the tableware and gift segment was approximately HK$5,526,000, showing a significant increase of approximately 148.6% from approximately HK$2,223,000 in the same period last year[29]. - For the six months ended September 30, 2020, total revenue from external customers was HK$41,069,000, an increase from HK$35,973,000 in the same period of 2019, representing a growth of approximately 14.3%[172]. Profitability and Financial Performance - The Group's gross profit was approximately HK$19,856,000, reflecting a 1.9% increase from approximately HK$19,489,000 year-on-year, with a gross profit margin of approximately 48.3%[30]. - The Group recorded a profit of approximately HK$2,657,000 during the Reporting Period, compared to a loss of approximately HK$1,040,000 in the same period last year[34]. - Profit before tax for the six months was HK$2,911,000, a significant recovery from a loss of HK$1,219,000 in the previous year[144]. - The company reported a profit attributable to owners of HK$2,657,000, compared to a loss of HK$1,040,000 in the same period last year[144]. - The profit for the period for the three months ended 30 September 2020 was HK$3,038,000, compared to a loss of HK$1,063,000 in the same period of 2019[199]. Expenses and Cost Management - Selling and distribution expenses decreased by approximately 1.0% to approximately HK$13,225,000 from approximately HK$13,363,000 in the previous year, primarily due to reduced rental and related expenses[31]. - Administrative and other expenses decreased by approximately 8.1% to approximately HK$6,468,000 from approximately HK$7,038,000, mainly due to a reduction in directors' emoluments[33]. - Unallocated corporate expenses for the period were HK$6,468,000, primarily consisting of office rentals, employee costs, and professional expenses[172]. Cash Flow and Financial Position - As of September 30, 2020, the Group had cash and bank balances of approximately HK$16,072,000, an increase from approximately HK$7,750,000 as of March 31, 2020[84]. - The Group's total equity attributable to the owners amounted to approximately HK$19,150,000 as of September 30, 2020, up from approximately HK$16,493,000 as of March 31, 2020[91]. - The company maintained a sufficient public float as of the report date, ensuring compliance with regulatory requirements[139]. - The net cash generated from operating activities for the six months ended September 30, 2020, was HK$14,144,000, significantly higher than HK$5,167,000 in the previous year, marking an increase of approximately 173.5%[154]. - Cash and cash equivalents at the end of the period increased to HK$16,072,000 from HK$7,687,000, reflecting a growth of about 108.5%[154]. Tenancy Agreements and Leasing - The Group renewed the tenancy agreement for Shop 312, effective from 1 September 2020, for a term of three years, with a total rental value of not less than approximately HK$2,482,000[41]. - The renewal of the tenancy agreement is considered beneficial for the Group to secure stable operations without incurring additional costs related to relocation[43]. - The renewal of the tenancy agreement for GCH 14B-D will enable the Group to secure stable operations without incurring additional costs related to relocation and renovation[53]. - The total value of the consideration payable for the renewal is approximately HK$1,706,000 over a two-year term, which equates to a monthly rental of around HK$85,250[51]. - The renewal agreement is effective from August 1, 2020, to July 31, 2022[51]. - The tenancy agreement for Shop L3–7 has an effective date of May 1, 2021, with a term of three years, ending on April 30, 2024[65]. - The total consideration payable for the tenancy agreement is approximately HK$1,802,000, which represents the aggregate monthly basic rental for the three-year term[65]. - The renewal of the tenancy agreement for Shop 637 has an effective date of November 21, 2020, with a term of two years, ending on November 20, 2022[75]. - The total consideration payable for the renewal of the tenancy agreement is approximately HK$3,173,000, representing the aggregate monthly basic rental for the two-year term[75]. Share Capital and Ownership - As of September 30, 2020, Mr. Hui Kwok Keung Raymond holds 210,000,000 shares, representing approximately 46.56% of the total issued shares of the Company[117]. - Mr. Hue Kwok Chiu, as a beneficial owner, holds 45,000,000 shares, which is about 9.98% of the total issued shares[117]. - 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 of the Company[129]. - Time Prestige Ventures Limited, wholly owned by Mr. Hui Kwok Keung Raymond, holds 210,000,000 shares, which is approximately 46.56% of the total issued shares[124]. - Ms. Ng Hiu Ying, as the spouse of Mr. Hue Kwok Chiu, is deemed to be interested in 45,000,000 shares, representing about 9.98% of the total issued shares[125]. Corporate Governance and Compliance - The Audit Committee comprises three independent non-executive Directors and oversees the Company's financial reporting system and internal controls[131]. - The Audit Committee reviewed the unaudited consolidated results and confirmed compliance with applicable accounting standards and GEM Listing Rules[136]. - The service agreements for executive and independent non-executive directors were extended for two years starting September 11, 2020[138]. - The company has not early adopted new and revised HKFRSs that are not yet effective, indicating a cautious approach to accounting changes[164]. Market Conditions and Future Outlook - The retail market in Hong Kong is expected to remain challenging due to the ongoing impact of the COVID-19 epidemic and cautious consumer sentiment[17]. - The Group is cautiously optimistic about future development, leveraging global trends towards energy saving and environmental protection[18]. - The Group plans to focus on consolidating its retail network, optimizing product mix, and intensifying cost control to stabilize growth[17]. - The Group is actively developing smart home and COVID-19 related products, seeking new opportunities in international trading[17].