Core Viewpoint - The company, 壹照明 (08222), reported a net profit attributable to shareholders of no less than HKD 200,000 for the three months ending June 30, 2025, despite a continued sluggish retail environment in Hong Kong [1] Group 1: Financial Performance - The positive performance is primarily attributed to a reduction in employee costs and a decrease in the depreciation of right-of-use assets [1] Group 2: Future Outlook - The company plans to continue focusing on retail network integration, product portfolio optimization, and strengthening cost control [1] - Additionally, the company aims to seize opportunities for stable growth through prudent strategic planning [1]

Core Viewpoint - The company reported a net profit of no less than HKD 200,000 for the three months ending June 30, 2025, despite a continued sluggish retail environment in Hong Kong [1] Group 1: Financial Performance - The positive performance is primarily attributed to a reduction in employee costs and a decrease in the depreciation of right-of-use assets [1] Group 2: Future Outlook - The company plans to continue focusing on retail network integration, product portfolio optimization, and strengthening cost control [1] - The company aims to seize opportunities for stable growth through prudent strategic planning [1]

Core Viewpoint - The company, 壹照明 (08222), reported a net profit attributable to shareholders of no less than HKD 200,000 for the three months ending June 30, 2025, despite a continued sluggish retail environment in Hong Kong [1] Group 1: Financial Performance - The positive performance is primarily attributed to a reduction in employee costs and a decrease in the depreciation of right-of-use assets [1] Group 2: Future Outlook - The company plans to continue focusing on retail network integration, product portfolio optimization, and strengthening cost control [1] - Additionally, the company aims to seize opportunities for stable growth through prudent strategic planning [1]

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） 本公司董事（「董事」）會（「董事會」）宣佈，根據本集團截至二零二五年六月三十日止三個 月（「期間」）未經審核管理賬目，儘管香港零售氣氛持續低迷，本公司於期間錄得歸屬於本公 司擁有人的淨溢利不少於 2 0 萬港元。這項正面績效主要歸因於員工成本的減少以及使用權資產 折舊的減少。 展望未來，本集團除了繼續專注於其零售網絡整合、產品組合優化及加強成本控制外，亦透過審 慎的策略規劃，繼續把握機會穩定增長。 上述數據未經審核，乃根據本集團初步內部資料編製，該等數據與本公司按年度或半年度刊發的 經審核或未經審核綜合財務報表中披露的數字可能存在差異，因此上述數據為初步性質及僅供投 資者參考。投資者買賣本公司證券時務須謹慎行事，避免不恰當地依賴該等數據。如有任何疑 問，投資者應尋求專 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 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） 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08222 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | 本月底法定 ...

(Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） Stock Code 股份代號：8222 2024/25 ANNUAL REPORT 年 報 This Annual Report is printed on environmental friendly paper 此 年 報 以 環 保 紙 張 印 製 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） Stock Code 股份代號：8222 ANNUAL REPORT 2024/25 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to whic ...

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].