香港交易及結算所有限公司及香港聯合交易所有限公司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。 FUTURE DATA GROUP LIMITED 未來數據集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8229） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 的 中 期 業 績 公 告 未來數據集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司 及其附屬公司（統稱「本集團」）截至二零二三年六月三十日止六個月之未經審 核簡明綜合業績。 本公告列載本集團二零二三年中期報告全文，並符合香港聯合交易所有限公 司（「聯交所」）GEM證券上市規則（「GEM上市規則」）中有關中期業績初步公告附 載之資料之要求。載有GEM上市規則規定資料之本公司二零二三年中期報告 之印刷本將於適當時候寄發予本公司股東，並將於聯交所網站及本公司網站 可供查閱。 代表董事會 未來數據集團有限公司 主席兼執行董事 陶虹遐 ...

Financial Performance - For the three months ended March 31, 2023, total revenue was HKD 71,403,000, a decrease from HKD 125,550,000 in the same period last year, representing a decline of 43.2%[1] - The company reported a loss before tax of HKD 11,266,000 for the period, compared to a loss of HKD 5,905,000 in the previous year, indicating a worsening of 90.1%[1] - The total comprehensive income for the period was a loss of HKD 14,536,000, compared to a loss of HKD 7,728,000 in the previous year, reflecting an increase in losses of 88.5%[1] - The company incurred total selling and administrative expenses of HKD 15,731,000 for the period, compared to HKD 16,670,000 in the previous year, a decrease of 5.6%[1] - The company’s foreign exchange losses amounted to HKD 19,801,000 for the period, compared to HKD 9,482,000 in the previous year, indicating a significant increase in losses of 109.8%[1] - The gross profit for the three months ended March 31, 2023, was HKD 4.52 million, down from HKD 10.66 million in 2022, reflecting a decrease of approximately 57.6%[21] - The group reported a net loss of approximately HKD 11.3 million for the three months ended March 31, 2023, an increase in loss of about HKD 5.9 million or 108.9% compared to a loss of HKD 5.4 million for the same period in 2022[77] Revenue Breakdown - The maintenance services segment generated revenue of HKD 33,256,000, which is a significant increase from HKD 36,358,000 in the previous year, showing a growth of 8.3%[1] - Total customer contract revenue for the three months ended March 31, 2023, was HKD 69.2 million, with contributions from system integration services at HKD 30.8 million, maintenance services at HKD 33.3 million, and network security services at HKD 5.15 million[30] - Revenue from system integration services decreased from HKD 83.05 million in 2022 to HKD 30.8 million in 2023, representing a decline of approximately 62.9%[30] - Revenue from maintenance services decreased slightly from HKD 36.36 million in 2022 to HKD 33.3 million in 2023, a decline of approximately 8.4%[30] - Revenue from network security services increased from HKD 4.94 million in 2022 to HKD 5.15 million in 2023, representing an increase of approximately 4.2%[30] - The revenue breakdown for the system integration, maintenance services, and cybersecurity services segments was approximately HKD 30.8 million, HKD 33.3 million, and HKD 5.2 million, accounting for 44.5%, 48.0%, and 7.5% of total revenue respectively[75] Cash and Assets - The company’s cash and cash equivalents decreased to HKD 77,546,000 as of March 31, 2023, down from HKD 89,261,000 at the same time last year, a decline of 13.1%[1] - The total assets of the company as of March 31, 2023, were HKD 135,429,000, compared to HKD 139,939,000 at the same time last year, a decrease of 3.6%[1] - As of March 31, 2023, the group's current assets net value was HKD 63.5 million, reflecting a decrease from HKD 70.4 million as of December 31, 2022[77] - The group had cash and cash equivalents of approximately HKD 78.7 million as of March 31, 2023, down from HKD 122.6 million as of December 31, 2022[77] Operational Insights - The company plans to continue expanding its system integration and network security services in the Korean and Hong Kong markets to drive future growth[2] - The company incurred research and development costs of HKD 1,247,000, slightly down from HKD 1,277,000 in the previous year[47] - The company intends to leverage its existing technological background to expand its business scope into emerging technologies such as blockchain and the metaverse[100] Shareholder Information - The group did not recommend the payment of an interim dividend for the three months ended March 31, 2023, consistent with the previous year[19] - The company has adopted a share option scheme to reward qualified individuals who contribute to the group's operations, with a total of 19,200,000 share options granted to five employees[95] - As of March 31, 2023, the total number of issued shares is 480,000,000[104] - LiquidTech Limited agreed to sell 22,917,327 shares, representing approximately 4.77% of the company's equity, to Mr. Tao on July 2, 2021[1] - Wei Fu Investment Development Limited acquired 100,000,000 shares from LiquidTech, which is wholly owned by Mr. Tao[92] - 华置投资控股有限公司 holds 142,411,750 shares, representing 29.67% of the issued share capital[106] - 偉富投資發展有限公司 holds 100,000,000 shares, representing 20.83% of the issued share capital[106] - 韩乐容女士 holds 122,917,327 shares, representing 25.60% of the issued share capital[106] - 陶虹遐女士 holds 142,411,750 shares, representing 29.67% of the issued share capital[113] - 陶國林先生 holds 122,917,327 shares, representing 25.60% of the issued share capital[113] - 李承翰先生 holds 14,000,000 shares, representing 2.92% of the issued share capital[113] Corporate Governance - The company is committed to robust corporate governance to enhance shareholder value and has adhered to the corporate governance code during the reporting period[95] - The company has adopted a written terms of reference for the audit committee as of March 31, 2023[111] - The company confirms that the information provided in the report is accurate and complete after reasonable inquiries[115]

香港交易及結算所有限公司及香港聯合交易所有限公司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。 FUTURE DATA GROUP LIMITED （於開曼群島註冊成立的有限公司） （股份代號：8229） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 三 個 月 之 第 一 季 度 業 績 公 告 Future Data Group Limited（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈本公司 及其附屬公司（統稱「本集團」）截至二零二三年三月三十一日止三個月之未經 審核簡明綜合業績。 本公告載有本集團二零二三年第一季度報告全文，符合香港聯合交易所有限 公司（「聯交所」）GEM證券上市規則（「GEM上市規則」）中有關季度業績初步公告 附載資料之相關要求。載有GEM上市規則規定的資料的本公司二零二三年第 一季度報告的印刷本將於適當時候寄發予本公司股東並可於聯交所網站及本 公司網站查閱。 承董事會命 Future Data Group Limited 主席兼執行董事 陶虹遐 ...

Financial Performance - The company reported a revenue of approximately HKD 617.6 million for the year ended December 31, 2022, a decrease of about HKD 102.9 million or 14.3% compared to the previous year [8]. - The gross profit margin declined from 11.7% for the year ended December 31, 2021, to 9.4% for the year ended December 31, 2022, a drop of 2.3 percentage points [8]. - The company recorded a revenue decrease of approximately HKD 102.9 million or 14.3% to about HKD 617.6 million for the year ended December 31, 2022, resulting in a net loss of approximately HKD 4.0 million compared to a profit of HKD 8.7 million in the previous year [17]. - The gross profit decreased by approximately HKD 26.0 million or 30.8% to HKD 58.3 million, with a gross margin reduction of 2.3 percentage points to 9.4% due to rising employee costs and unfavorable exchange rates [22]. - Revenue from the Korean market contributed approximately HKD 587.4 million, a decrease of about HKD 98.1 million or 14.3% compared to the previous year [18]. - The public sector contributed approximately HKD 236.5 million in revenue, down by about HKD 50.8 million or 17.7%, while the private sector contributed approximately HKD 381.1 million, a decrease of about HKD 52.2 million or 12.0% [21]. Cash Flow and Liquidity - The company achieved a net cash inflow from operating activities of approximately HKD 57.7 million, a substantial increase from a net cash outflow of about HKD 19.2 million in the previous year [13]. - The company reduced bank borrowings by approximately HKD 41.0 million during the year, maintaining cash and cash equivalents at about HKD 122.6 million [11]. - The company's cash and cash equivalents amounted to approximately HKD 122.6 million as of December 31, 2022, compared to HKD 123.1 million in 2021 [42]. - The group's cash position remained stable at approximately HKD 122.6 million, with a cash to current liabilities ratio of about 64.7% [29]. - The net current assets were approximately HKD 70.4 million, with a current ratio of 1.4 times as of December 31, 2022, down from 1.6 times in 2021 [43]. Cost Management - Sales and administrative expenses decreased significantly from approximately HKD 72.5 million to about HKD 63.1 million, maintaining a stable percentage of 10.2% of revenue [9]. - The company implemented strict cost control measures, resulting in a reduction of selling and administrative expenses by approximately HKD 9.4 million or 13.0% to about HKD 63.1 million [24]. - The total employee cost for the year was approximately HKD 86.8 million, a decrease from HKD 103.7 million in 2021 [56]. Business Development and Strategy - The company is exploring business opportunities in other Asian countries, including China, Singapore, and Vietnam, to expand its customer base [14]. - The company secured contracts totaling approximately HKD 149.2 million from a computer network integrator and HKD 57.2 million from the South Korean military, among other contracts [16]. - The company is focused on enhancing its service offerings and customer satisfaction through effective management of its business units [69]. - The company aims to leverage its management's extensive experience to explore new business opportunities in the cybersecurity sector [62]. Corporate Governance - The company is committed to maintaining high standards of corporate governance with independent directors overseeing audit and remuneration committees [63]. - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring a balance of skills and experience [84]. - The company has established a board independence assessment mechanism to ensure effective independent judgment and protect shareholder interests [90]. - The company has established policies and procedures based on the corporate governance code to enhance board governance and oversight capabilities [78]. - The company has adopted a dividend policy that considers financial performance, liquidity, funding needs, and shareholder interests when proposing dividends [148]. Risk Management - The company plans to assess the potential impacts of the Russia-Ukraine war and U.S. interest rate hikes on its business strategy [14]. - The board confirmed its responsibility for risk management and internal control systems, which are designed to provide reasonable assurance against material misstatements or losses [129]. - The company’s risk management program includes annual risk identification activities and the development of risk management plans [129]. Shareholder Information - The company does not recommend a final dividend for the year ended December 31, 2022, consistent with the previous year [154]. - The largest customer accounted for approximately 7.3% of total revenue for the year ended December 31, 2022, down from 7.9% in 2021, while the top five customers collectively represented about 28.3% of total revenue (2021: 28.1%) [167]. - The company emphasizes effective communication with shareholders, ensuring timely access to information and allowing active participation in company affairs [145].

香港交易及結算所有限公司及香港聯合交易所有限公司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。 FUTURE DATA GROUP LIMITED （於開曼群島註冊成立的有限公司） （股份代號：8229） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 的 年 度 業 績 公 告 Future Data Group Limited（「本公司」）董事（「董事」）會（「董事會」）欣然呈列本公司及 其附屬公司（統稱「本集團」）截至二零二二年十二月三十一日止年度的經審核 綜合業績。 本業績公告載有本公司二零二二年年報全文，並符合香港聯合交易所有限公 司（「聯交所」）GEM證券上市規則（「GEM上市規則」）有關隨附年度業績初步公告 的資料的相關規定。載有GEM上市規則規定之資料的本公司二零二二年年報 的印刷版本將於適當時候寄發予本公司股東並可於聯交所網站及本公司網站 查閱。 承董事會命 Future Data Group Limited 主席兼執行董事 陶虹遐 ...

Financial Performance - The group's unaudited revenue for the nine months ended September 30, 2022, was HKD 415.1 million, a decrease of HKD 68.4 million or 14.1% compared to the same period last year [11]. - The unaudited loss for the nine months ended September 30, 2022, was HKD 12.7 million, reversing from an unaudited profit of approximately HKD 8.6 million for the same period last year [11]. - The unaudited basic and diluted loss per share for the nine months ended September 30, 2022, was HKD 0.0296, compared to an unaudited basic and diluted profit of HKD 0.0210 for the same period last year [11]. - The total comprehensive loss for the nine months ended September 30, 2022, was HKD 33,679 thousand, significantly higher than a loss of HKD 1,299 thousand in the same period of 2021 [17]. - The company reported a basic and diluted loss per share of HKD 0.82 for the three months ended September 30, 2022, compared to a loss of HKD 0.61 in the same period of 2021 [14]. - The company reported a loss attributable to owners of HKD 11,852,000 for the nine months ended September 30, 2022, compared to a profit of HKD 8,396,000 in the same period of 2021 [53]. Revenue Breakdown - Revenue for the three months ended September 30, 2022, was HKD 143,599 thousand, a slight increase of 1.05% compared to HKD 142,101 thousand in the same period of 2021 [14]. - The company's total revenue for the nine months ended September 30, 2022, was HKD 415,091 thousand, down 13.9% from HKD 483,484 thousand in the same period of 2021 [14]. - Revenue from system integration services for the three months ended September 30, 2022, was HKD 96,622 thousand, up from HKD 91,383 thousand in the same period of 2021, marking a growth of 5.1% [37]. - Revenue from maintenance services for the three months ended September 30, 2022, was HKD 37,993 thousand, down from HKD 42,403 thousand in the same period of 2021, a decrease of 10.5% [37]. - Revenue from network security services for the three months ended September 30, 2022, was HKD 8,984 thousand, compared to HKD 8,315 thousand in the same period of 2021, an increase of 8.0% [37]. - Revenue from cloud infrastructure services for the nine months ended September 30, 2022, was HKD 287,082,000, compared to HKD 370,205,000 in the previous year, reflecting a decrease of about 22.5% [42]. - The public sector contributed HKD 145,883,000 to total customer contract revenue for the nine months ended September 30, 2022, down from HKD 189,207,000 in the same period of 2021, a decline of approximately 22.8% [42]. - The private sector generated HKD 269,208,000 in revenue for the nine months ended September 30, 2022, compared to HKD 294,277,000 in the previous year, indicating a decrease of around 8.5% [42]. Expenses and Costs - The financial cost for the nine months ended September 30, 2022, increased to HKD 738 thousand, compared to HKD 591 thousand in the same period of 2021 [14]. - The company’s administrative expenses for the three months ended September 30, 2022, were HKD 16,638 thousand, a decrease from HKD 17,381 thousand in the same period of 2021 [14]. - Employee costs for the nine months ended September 30, 2022, were HKD 66,360,000, down from HKD 73,003,000 in the previous year, a reduction of approximately 9.0% [44]. - Research and development expenses for the nine months ended September 30, 2022, totaled HKD 3,724,000, compared to HKD 3,906,000 in the same period of 2021, reflecting a decrease of about 4.7% [44]. - The sales and administrative expenses for the nine months ended September 30, 2022, were approximately HKD 51.8 million, a slight increase of HKD 2.7 million or 5.6% compared to HKD 49.1 million in the previous year [63]. Shareholder Information - The board of directors did not recommend the payment of an interim dividend for the nine months ended September 30, 2022 [11]. - The average number of ordinary shares outstanding for the nine months ended September 30, 2022, was 400,000,000 shares, unchanged from the previous year [53]. - LiquidTech sold a total of 206,000,000 shares, representing approximately 51.50% of the company's issued share capital, at a total price of HKD 59,225,000, equating to HKD 0.2875 per share [96]. - After the share purchase completion, the joint offerors and their concert parties will hold interests in a total of 248,917,327 shares, accounting for approximately 62.23% of the company's issued share capital [96]. - As of September 30, 2022, the major shareholders include Hua Zhi Investment Holdings Limited with 106,000,000 shares (26.50%) and Wei Fu Investment Development Limited with 100,000,000 shares (25.00%) of the issued share capital [91][92]. - The company has a public float of 73,670,923 shares, representing approximately 18.42% of the total issued share capital as of the report date [98]. Corporate Governance - The audit committee has reviewed the unaudited quarterly results for the nine months ended September 30, 2022 [105]. - The audit committee consists of three independent non-executive directors, with Mr. Chan Kin Ming serving as the chairman [103]. - The company has adhered to the corporate governance code provisions throughout the nine months ended September 30, 2022 [105]. - The company has committed to robust corporate governance to fulfill its responsibilities to shareholders and enhance shareholder value [102]. - The company has implemented a securities trading code for directors to ensure compliance with GEM Listing Rules [98]. Operational Insights - The company has three business segments: system integration, maintenance services, and cybersecurity services [27]. - The company faced pressure from rising employee costs in the IT industry and unfavorable currency exchange rates impacting profitability [63]. - The company did not engage in any significant acquisitions or disposals during the nine months ended September 30, 2022 [69]. - The company is actively seeking potential buyers for eleven properties as of September 30, 2022, with no significant risk of price decline anticipated [69]. - As of January 1, 2022, the unfulfilled orders stood at approximately HKD 133.4 million, which increased to HKD 244.4 million by September 30, 2022, due to service delivery delays [72]. - New bookings during the period amounted to HKD 526.1 million, while recognized revenue was HKD 415.1 million [72]. - Despite reporting a loss for the nine months ending September 30, 2022, the company noted an increase in orders and an improving situation, prompting strict cost control measures [75].

Financial Performance - The company's unaudited revenue for the six months ended June 30, 2022, was HKD 271.5 million, a decrease of approximately HKD 69.9 million or 20.5% compared to the same period in 2021[16] - The unaudited loss for the six months ended June 30, 2022, was HKD 9.8 million, reversing from a profit of HKD 10.6 million for the same period in 2021[16] - The unaudited basic and diluted loss per share for the six months ended June 30, 2022, was HKD 2.14, compared to a profit of HKD 2.71 for the same period in 2021[16] - For the three months ended June 30, 2022, the unaudited revenue was HKD 147.1 million, down from HKD 177.8 million in the same period of 2021[19] - The gross profit for the six months ended June 30, 2022, was HKD 24.2 million, a decrease from HKD 41.3 million in the same period of 2021[19] - The loss attributable to owners of the company for the six months ended June 30, 2022, was HKD 8.6 million, compared to a profit of HKD 10.8 million in the same period of 2021[19] - The company reported a net loss before tax of HKD 10.6 million for the six months ended June 30, 2022[19] - The total comprehensive income for the six months ended June 30, 2022, was a loss of HKD 20,148,000, compared to a profit of HKD 7,017,000 for the same period in 2021[22] - For the three months ended June 30, 2022, the company reported a loss of HKD 4,373,000 compared to a profit of HKD 7,092,000 in the same period of 2021, representing a significant decline[22] Revenue Breakdown - Total revenue for the six months ended June 30, 2022, was HKD 271,492,000, a decrease of 20.5% compared to HKD 341,383,000 for the same period in 2021[51] - Revenue from system integration services for the six months ended June 30, 2022, was HKD 183,251,000, down 24.5% from HKD 242,789,000 in the same period of 2021[51] - Revenue from maintenance services for the six months ended June 30, 2022, was HKD 76,832,000, a decrease of 9.8% compared to HKD 84,680,000 in the same period of 2021[51] - Revenue from cybersecurity services for the six months ended June 30, 2022, was HKD 11,409,000, down 18.0% from HKD 13,914,000 in the same period of 2021[51] - The total revenue from network security services for the six months ended June 30, 2022, was HKD 11,409,000, compared to HKD 13,914,000 for the same period in 2021, a decrease of approximately 18.0%[56] Expenses and Liabilities - The company's administrative expenses for the six months ended June 30, 2022, were HKD 35.1 million, compared to HKD 31.7 million for the same period in 2021[19] - The total operating expenses for the six months ended June 30, 2022, were HKD 35,137,000, compared to HKD 31,671,000 for the same period in 2021[49] - The cost of goods sold for the six months ended June 30, 2022, was HKD 196,753,000, compared to HKD 249,621,000 for the same period in 2021, representing a decrease of approximately 21.2%[58] - The company incurred a total tax expense of HKD 790,000 for the six months ended June 30, 2022, compared to a tax benefit of HKD 1,264,000 in the same period of 2021[61] - The company's total liabilities decreased from HKD 190,407,000 as of December 31, 2021, to HKD 113,132,000 as of June 30, 2022, a decline of about 40.7%[25] Assets and Cash Flow - Non-current assets decreased from HKD 55,325,000 as of December 31, 2021, to HKD 53,173,000 as of June 30, 2022, indicating a reduction of approximately 3%[25] - Current assets decreased from HKD 298,753,000 as of December 31, 2021, to HKD 207,151,000 as of June 30, 2022, a decline of about 30.7%[25] - Cash and cash equivalents decreased significantly from HKD 123,088,000 at the beginning of the period to HKD 57,396,000 at the end, reflecting a decrease of approximately 53.5%[34] - The net cash used in operating activities for the six months ended June 30, 2022, was HKD 41,779,000, compared to cash generated of HKD 17,556,000 in the same period of 2021[34] - Trade and other receivables decreased from HKD 110,156,000 as of December 31, 2021, to HKD 64,273,000 as of June 30, 2022, a reduction of approximately 41.7%[25] Shareholder Information - Major shareholders, including Mr. Xu, Mr. Li, and Mr. Feng, collectively hold 55.00% of the company's issued share capital[119] - The company has a total of 400 million shares issued as of June 30, 2022, with Mr. Tao holding 5.73% of the shares[124] - LiquidTech holds 220,000,000 shares, representing 55.00% of the issued share capital[127] - AMS, controlled by key shareholders, also holds 220,000,000 shares, equating to 55.00% of the issued share capital[127] Corporate Governance - The company is committed to robust corporate governance to enhance shareholder value[134] - The company has maintained compliance with the corporate governance code provisions during the reporting period[134] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited interim results for the six months ended June 30, 2022[140] Future Outlook - The company did not provide specific guidance for future performance during the earnings call[16] - The management team plans to implement strict cost control measures in response to increasing orders and external uncertainties, including the impact of the Russia-Ukraine war and rising interest rates in the U.S.[107] - The company has adjusted the use of proceeds from fundraising to align with current market conditions and economic environment[113]

Financial Performance - The company's unaudited revenue for the three months ended March 31, 2022, was HKD 124.4 million, a decrease of approximately HKD 39.2 million or 24% compared to HKD 163.6 million for the same period in 2021[16]. - The unaudited loss for the three months ended March 31, 2022, was HKD 5.4 million, reversing the profit of HKD 3.6 million recorded for the same period in 2021[16]. - The basic and diluted loss per share for the three months ended March 31, 2022, was HKD 1.17, compared to a profit of HKD 0.96 per share for the same period in 2021[16]. - The gross profit for the three months ended March 31, 2022, was HKD 10.7 million, down from HKD 21.1 million in the same period of 2021[18]. - The total comprehensive loss for the three months ended March 31, 2022, was HKD 7.7 million, compared to a total comprehensive income of HKD 0.2 million for the same period in 2021[21]. - The company reported a loss attributable to owners of the company of HKD 4.7 million for the three months ended March 31, 2022, compared to a profit of HKD 3.8 million for the same period in 2021[18]. - The company reported a net loss of HKD 5,408,000 for the three months ended March 31, 2022, compared to a profit of HKD 3,553,000 in the previous year[34]. - The company's loss before tax was HKD 5.91 million, a decline of HKD 10.91 million or 218.1% compared to a profit of HKD 5.00 million in the previous year[54]. - The net loss for the period was HKD 5.41 million, reversing from a profit of HKD 3.55 million in the same quarter last year, representing a decline of HKD 8.96 million or 252.2%[54]. Revenue Breakdown - The revenue breakdown by business segment showed system integration generated HKD 83,054,000, maintenance services HKD 36,358,000, and network security services HKD 4,938,000[34]. - Revenue from system integration services was HKD 83,054,000, down 28% from HKD 115,724,000 year-over-year[37]. - Revenue from maintenance services was HKD 36,358,000, a decline of 11% compared to HKD 40,921,000 in the previous year[37]. - Revenue from cybersecurity services decreased to HKD 4,938,000 from HKD 6,941,000, representing a 29% drop[37]. - The geographical revenue distribution indicated that revenue from South Korea was HKD 119,412,000, down from HKD 156,645,000, while revenue from Hong Kong decreased to HKD 4,938,000 from HKD 6,941,000[35]. Expenses and Costs - The company's sales and administrative expenses for the three months ended March 31, 2022, were HKD 16.7 million, slightly down from HKD 17.4 million in the same period of 2021[18]. - Cost of goods sold for the period was HKD 87,400,000, down from HKD 118,694,000, indicating a reduction of 26%[40]. - Employee costs were HKD 15,915,000, a decrease of 32% from HKD 23,336,000 in the prior year[40]. - Total employee costs for the three months ended March 31, 2022, were approximately HKD 15.9 million, a decrease from HKD 23.3 million in the same period last year[69]. Dividends and Shareholder Information - The company did not recommend the payment of an interim dividend for the three months ended March 31, 2022, consistent with the same period in 2021[16]. - The board did not recommend any interim dividend for the three months ended March 31, 2022, compared to no dividend in the same period of 2021[51]. - The company holds approximately 55.00% of its issued share capital, with key shareholders collectively controlling this stake[72]. - As of March 31, 2022, the total issued shares of the company were 400,000,000[84]. - The major shareholders, including Mr. Xu, Mr. Li, Mr. Feng, and Mr. Park, collectively control approximately 55.00% of the company's equity[3]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited quarterly results for the three months ending March 31, 2022[92]. - The company is committed to robust corporate governance to fulfill its responsibilities to shareholders and enhance shareholder value[86]. - The company has complied with the GEM Corporate Governance Code during the three months ending March 31, 2022[92]. - There were no interests held by directors or controlling shareholders in competing businesses as of March 31, 2022[86]. Future Outlook - The company recorded a loss in the first quarter of 2022, but remains optimistic about achieving profitability for the full year 2022 due to increasing order volumes and the easing of the pandemic[69]. - The company plans to continue focusing on system integration, maintenance services, and network security services as its core business segments moving forward[31]. - The company has secured contracts worth KRW 900 million (approximately HKD 5.9 million) from government regional offices[69]. - The company has also obtained contracts totaling KRW 900 million (approximately HKD 5.8 million) from regional education departments[69].

Financial Performance - The company's net profit for the fiscal year ending December 31, 2021, increased by 15.7% to HKD 8.7 million, compared to HKD 7.5 million in 2020[16]. - Total revenue for the year was approximately HKD 720.6 million, an increase of HKD 41.5 million or 6.1% year-over-year, with Hong Kong business revenue growing by 29.6%[16]. - The gross profit margin improved from 11.3% in the previous year to 11.7% in 2021, while selling and administrative expenses as a percentage of revenue decreased from 10.9% to 10.1%[16]. - Earnings per share for the year were HKD 1.81, compared to HKD 1.97 in 2020, with the total number of shares remaining unchanged at 400 million[16]. - The net profit for the year increased by HKD 1.2 million or 15.7% to HKD 8.7 million, marking the seventh consecutive year of profitability[21]. - Revenue for the fiscal year reached $500 million, representing a 15% increase compared to the previous year[59]. - The company reported a significant increase in user data, with a growth of 25% year-over-year in active users[59]. - The total revenue for the year ended December 31, 2021, was HKD 720,569,000, representing an increase of 6.5% from HKD 679,053,000 in 2020[193]. - Gross profit for the same period was HKD 84,288,000, up from HKD 76,922,000, indicating a growth of 9.1%[193]. - The net profit for the year was HKD 8,690,000, compared to HKD 7,513,000 in the previous year, reflecting a year-over-year increase of 15.6%[193]. Cash Flow and Assets - The company's cash and cash equivalents increased by HKD 26.9 million, reaching HKD 123.1 million as of December 31, 2021, representing approximately 86.7% of total net assets[16]. - Operating activities generated positive cash flow exceeding HKD 22.5 million, slightly higher than HKD 18.7 million in 2020, reflecting strong operational performance[16]. - Current assets increased by HKD 63.5 million or 27.0% to HKD 298.8 million, driven by increases in trade and other receivables and cash and cash equivalents[34]. - Cash and cash equivalents stood at HKD 123.1 million, maintaining a cash to current liabilities ratio of 64.6%[34]. - The company's total assets as of December 31, 2021, amounted to HKD 298,753,000, an increase from HKD 235,302,000 in 2020, marking a growth of 26.9%[195]. - The company's cash and cash equivalents increased to HKD 123,088,000 from HKD 96,189,000, representing a growth of 28.0%[195]. Market and Revenue Segments - Revenue from the Korean market contributed HKD 685.5 million, an increase of HKD 33.5 million or 5.1% compared to the previous year[22]. - Revenue from the Hong Kong business reached HKD 35.0 million, up HKD 8.0 million or 29.6% year-on-year[22]. - The maintenance services segment's revenue increased from HKD 164.1 million to HKD 179.7 million, reflecting growth due to an increase in maintenance contracts[49]. - The cybersecurity services segment recorded revenue of approximately HKD 35.0 million, an increase of HKD 8.0 million or 29.6%[49]. - The public sector revenue decreased by HKD 43.7 million or 13.2%, while the private sector revenue increased by HKD 85.2 million or 24.5%[23]. Corporate Governance - The company is committed to enhancing its corporate governance practices to align with its business operations and development[72]. - The board consists of eight members, including five executive directors and three independent non-executive directors, ensuring a balanced governance structure[75]. - The company has adopted a securities trading code to monitor potential insider trading by employees[73]. - The audit committee held four meetings during the year ended December 31, 2021, reviewing the company's financial performance and internal control systems[86]. - The company has established a shareholder communication policy to ensure proper handling of shareholder concerns and will regularly review its effectiveness[116]. Strategic Initiatives and Future Outlook - The company plans to expand its service network in South Korea and other Asian countries to increase market share[52]. - The company has set a future outlook with a revenue guidance of $600 million for the next fiscal year, indicating a projected growth of 20%[59]. - New product launches are expected to contribute an additional $50 million in revenue, with a focus on enhancing cybersecurity solutions[59]. - The company plans to increase its workforce by 10% to support expansion efforts and new product development[59]. - The management team emphasized the importance of maintaining a robust financial planning and control system to support growth initiatives[59]. Risks and Challenges - The company has identified several direct and indirect risks that may impact its financial condition and operational performance[120]. - The company has not experienced significant adverse effects on its operations and financial condition due to the ongoing COVID-19 pandemic[163]. - The company reported a significant foreign exchange loss of 10,223 thousand HKD, impacting overall financial performance[199]. Employee and Management Information - Total employee costs, including directors' remuneration, amounted to approximately 103.7 million HKD in 2021, up from 98.8 million HKD in 2020[53]. - As of December 31, 2021, the company had a total of 222 employees, an increase from 220 employees as of December 31, 2020[54]. - The management team has extensive experience in the information and communication technology industry, with over 21 years for Mr. Kim, 23 years for Mr. Lee, and over 26 years for Mr. Lim[65]. Shareholder Information - The total number of shares available for issuance under the plan is 40,000,000 shares, which represents 10% of the total issued shares as of December 31, 2021[3]. - The major shareholders include AMS, which also holds 55.00% of the shares, and is fully owned by key individuals[148]. - The company has a strategy to attract and retain talented employees through this share option plan[1]. - The company did not repurchase any of its listed securities during the year ended December 31, 2021[151].

Financial Performance - The group's unaudited revenue for the nine months ended September 30, 2021, was HKD 483.5 million, an increase of HKD 62.0 million or 14.7% compared to the same period last year [17]. - The unaudited profit for the nine months ended September 30, 2021, was HKD 8.6 million, up HKD 5.5 million or 181.0% from HKD 3.1 million for the same period in 2020 [17]. - The unaudited basic and diluted earnings per share for the nine months ended September 30, 2021, was HKD 0.021, compared to HKD 0.0091 for the same period in 2020 [17]. - The group's revenue for the three months ended September 30, 2021, was HKD 142.1 million, compared to HKD 157.3 million for the same period in 2020 [19]. - The gross profit for the nine months ended September 30, 2021, was HKD 57.97 million, an increase from HKD 52.73 million in the same period last year [19]. - The total comprehensive income for the nine months ended September 30, 2021, was a loss of HKD 1.3 million, compared to a profit of HKD 1.27 million for the same period in 2020 [22]. - The net profit before tax for the nine months ended September 30, 2021, was HKD 11.97 million, compared to HKD 6.91 million for the same period in 2020 [19]. - Total revenue for the nine months ended September 30, 2021, was HKD 143,381,000, a decrease from HKD 158,614,000 in the same period of 2020, representing a decline of approximately 9.6% [34]. - The company reported a net loss of HKD 2,087,000 for the nine months ended September 30, 2021, compared to a profit of HKD 7,233,000 in the same period of 2020 [34]. - The company reported a loss of HKD 2,087,000 for the three months ended September 30, 2021, compared to a profit of HKD 7,092,000 in the same period last year, marking a 129.4% decline [64]. - The total income tax expense for the nine months ended September 30, 2021, was HKD 3,415,000, down from HKD 3,868,000 in the previous year [49]. Revenue Breakdown - Revenue from system integration services was HKD 334,172,000, up from HKD 292,306,000, representing a 14.3% growth year-over-year [41]. - Maintenance services revenue increased to HKD 127,083,000, compared to HKD 110,332,000, marking a 15.2% rise [41]. - Network security services generated HKD 22,229,000, up from HKD 18,883,000, reflecting a 17.8% increase [41]. - The revenue contribution from the system integration segment was HKD 91,383,000, while maintenance services and cybersecurity services contributed HKD 42,403,000 and HKD 9,595,000, respectively [34]. - Revenue from the South Korean market was HKD 461,255,000, up from HKD 402,638,000, a growth of 14.5% [40]. - The public sector contributed HKD 189,207,000 to total revenue, while the private sector contributed HKD 294,277,000, indicating strong performance across both segments [46]. Expenses and Costs - The company's administrative expenses for the nine months ended September 30, 2021, were HKD 49.05 million, compared to HKD 47.34 million in the previous year [19]. - The total administrative expenses for the period were HKD 17,381,000, an increase from HKD 12,802,000 in the previous year [34]. - Employee costs and subcontracting costs for the nine months ended September 30, 2021, totaled HKD 73,003,000, an increase from HKD 64,745,000 in the previous year [48]. - Research and development costs for the nine months ended September 30, 2021, were HKD 3,906,000, slightly down from HKD 3,994,000 in the previous year [48]. - The company's financial costs amounted to HKD 170,000, slightly higher than HKD 142,000 in the previous year [34]. Dividends and Share Capital - The board did not recommend the payment of an interim dividend for the nine months ended September 30, 2021, consistent with the previous year [17]. - The company did not declare an interim dividend for the nine months ended September 30, 2021, compared to no dividend declared in the same period last year [60]. - The weighted average number of ordinary shares for the nine months ended September 30, 2021, remained at 400,000,000 shares, consistent with the previous year [58]. - The total issued share capital of the company is 400,000,000 shares, providing a basis for calculating ownership percentages [89]. Corporate Governance and Management - The company has adhered to the corporate governance code as of September 30, 2021, for the nine months period [103]. - The audit committee consists of three independent non-executive directors, ensuring compliance with GEM listing rules [101]. - Employee performance-based discretionary bonuses are part of the compensation structure, aligning incentives with company performance [82]. - The company encourages continuous learning and participation in external seminars to improve employee knowledge and skills [83]. - No stock options have been granted under the stock option plan as of September 30, 2021, indicating a focus on employee training and development to enhance competitiveness [83]. Future Outlook and Strategies - Future strategies include potential market expansion and enhancement of service offerings in the cybersecurity domain [28]. - The group remains optimistic about its profit outlook for 2021 despite potential unforeseen circumstances [81]. - The group recorded a profit of HKD 8.6 million for the nine months ended September 30, 2021, with all divisions awarded more large-scale contracts, maintaining an optimistic outlook for the full year 2021 [81]. Assets and Liabilities - As of September 30, 2021, the group's current assets net value was HKD 98.2 million, with a current ratio of 1.9 times, indicating sufficient financial resources [71]. - The group's debt-to-equity ratio increased to 38.8% as of September 30, 2021, compared to 21.1% on December 31, 2020, primarily due to new loans for business operations and property acquisitions [71]. - The group secured a bank credit facility amounting to KRW 5,013,132,000 (approximately HKD 32.9 million) to cover related interim payments for property purchases [74]. - The group has ongoing contracts with significant values, including a contract worth KRW 5.1 billion (approximately HKD 34.1 million) for equipment replacement with the government [78]. - The group did not engage in any major investments or acquisitions during the nine months ended September 30, 2021 [75].