Revenue Performance - During the reporting period, revenue from the retail chain business in lighting and designer label furniture was approximately HK$13,291,000, accounting for approximately 97.7% of the Group's total revenue[10]. - Revenue from the tableware, giftware, and other business was approximately HK$307,000, representing about 2.3% of the Group's total revenue[11]. - The Group's revenue for the reporting period was approximately HK$13,598,000, a decrease of approximately 24.5% from HK$18,007,000 in the corresponding period last year, primarily due to uncertainties in the Hong Kong retail environment and the COVID-19 pandemic[25][29]. - Revenue from the retail chain business in lighting and designer label furniture was approximately HK$13,291,000, representing a decrease of approximately 20.7% from HK$16,751,000 in the same period last year[26][30]. - Revenue from tableware, giftware, and other businesses was approximately HK$307,000, a significant decrease of approximately 75.6% from HK$1,256,000 in the corresponding period last year[27][31]. - Revenue for the three months ended June 30, 2020, was HK$13,598,000, a decrease of 24.4% compared to HK$18,007,000 for the same period in 2019[84]. Profitability and Expenses - The Group's gross profit was approximately HK$7,081,000, down approximately 30.6% from HK$10,209,000 in the same period last year, with an overall gross profit margin of approximately 52.1%[28][32]. - The company reported a loss before tax of HK$456,000 for the three months ended June 30, 2020, compared to a profit of HK$27,000 in 2019[84]. - Total comprehensive income attributable to owners of the company for the period was a loss of HK$381,000, compared to a profit of HK$23,000 in 2019[84]. - Basic and diluted loss per share was HK$0.08, compared to a profit of HK$0.01 per share in the previous year[84]. - Selling and distribution expenses were approximately HK$6,058,000, a decrease of approximately 11.1% from HK$6,813,000 in the corresponding period last year, mainly due to reduced rental and staff costs[34][38]. - Administrative and other expenses were approximately HK$3,006,000, down approximately 6.7% from HK$3,222,000 in the same period last year, primarily due to decreased rental and staff costs[35][39]. - Employee costs decreased to HK$3,647,000 for the three months ended June 30, 2020, down from HK$4,063,000 in 2019, representing a reduction of 10.2%[111]. - Costs of inventories recognized as expenses were HK$5,596,000 for the three months ended June 30, 2020, compared to HK$6,887,000 in 2019, reflecting a decrease of 18.7%[108]. - Depreciation for right-of-use assets increased to HK$2,925,000 in 2020 from HK$2,125,000 in 2019, indicating a rise of 37.7%[108]. Market Conditions and Future Outlook - The retail sales in Hong Kong have been declining for 17 consecutive months from February 2019 to June 2020 due to the COVID-19 pandemic[15]. - The Directors foresee increased uncertainty in the Hong Kong retail market due to the ongoing COVID-19 situation, but anticipate a gradual recovery in late 2020[16]. - The Group remains cautiously optimistic about future development, focusing on maintaining stable growth and enhancing competitiveness through prudent strategies and cost control[23]. - The Group will continue to monitor market trends and adapt to consumer needs while leveraging capital market support and global trends towards environmental sustainability[23]. - A new retail store was opened in Tsuen Wan in July 2020 to expand the retail network at a lower cost, aiming to increase market share[17]. Shareholding and Corporate Governance - As of June 30, 2020, Mr. Hui Kwok Keung Raymond holds 210,000,000 shares, representing approximately 46.56% of the total issued shares of the Company[55]. - Mr. Hue Kwok Chiu, as a beneficial owner, holds 45,000,000 shares, which is about 9.98% of the total issued shares[55]. - 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[68]. - No share options have been granted by the Company since the adoption of the Share Option Scheme[68]. - The shareholding structure indicates a significant concentration of ownership, with the top shareholder holding nearly half of the total shares[62]. - The Company is committed to attracting and retaining top talent through its Share Option Scheme, which is valid for ten years from its adoption date[67]. - The Audit Committee reviewed the unaudited consolidated results for the three months ended June 30, 2020, confirming compliance with applicable accounting standards and legal requirements[74]. - The Company has maintained a sufficient public float as of the date of the report[79]. - As of June 30, 2020, no other persons or corporations (excluding Directors and Chief Executives) had any interests or short positions in the shares of the Company recorded in the register[64]. - The Company did not have a compliance adviser after the engagement of Ample Capital Limited ended on June 30, 2017[69]. Compliance and Reporting Standards - The financial statements have been prepared in accordance with applicable Hong Kong Financial Reporting Standards[91]. - The company is currently evaluating the potential impact of new and revised Hong Kong Financial Reporting Standards that will come into effect in future periods[104].

This Annual Report is printed on environmental friendly paper 此年報以環保紙張印製 ANNUAL REPORT 2019/20 年報 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 which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest onl ...

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 which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are generally small ...

/ Interim Report 中期報告 This Interim Report is printed on environmental friendly paper 此中期報告以環保紙張印製 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 which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest onl ...

This First Quarterly Report is printed on environmental friendly paper 此第一季度報告以環保紙張印製 C M Y CM MY CY CMY K 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 which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to i ...

Annual Report 年報 This Annual Report is printed on environmental friendly paper 此年報以環保紙張印製 ANNUAL REPORT 2019 年報 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 which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision ...

This Third Quarterly Report is printed on environmental friendly paper 此第三季度業績報告以環保紙張印製 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 which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after du ...