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 九 月 三 十 日 止 九 個 月 的 第 三 季 度 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」）截至二零二三年九月三十日止九個月之未經審 核簡明綜合業績。 本公告列載本集團二零二三年第三季度報告全文，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」）中有關季度業績初步公 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第三 季度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 - The Group's unaudited revenue for the six months ended June 30, 2023, was approximately HKD 203.1 million, a decrease of about HKD 68.4 million or 25.2% compared to the same period in 2022[11]. - The unaudited loss for the six months ended June 30, 2023, was approximately HKD 6.8 million, a reduction of about HKD 2.9 million or 30.1% from the loss for the same period in 2022[11]. - The basic and diluted loss per share for the six months ended June 30, 2023, was HKD 1.32, compared to HKD 1.98 for the same period in 2022[11]. - The Group reported a gross profit of HKD 25.8 million for the six months ended June 30, 2023, compared to HKD 24.2 million for the same period in 2022, reflecting an increase in gross profit margin[13]. - Total comprehensive income for the six months ended June 30, 2023, was HKD (11,995,000), an improvement from HKD (20,148,000) in the same period of 2022[16]. - The company reported a profit of HKD 4,458,000 for the three months ended June 30, 2023, compared to a loss of HKD 4,373,000 in the same period of 2022[16]. - The company recorded a loss of approximately HKD 6.8 million for the six months ended June 30, 2023, a reduction of HKD 2.9 million compared to the previous year[88]. Revenue Breakdown - For the six months ended June 30, 2023, total revenue was HKD 203,054,000, a decrease of 25.3% compared to HKD 271,492,000 for the same period in 2022[38]. - Revenue from system integration contracts was HKD 119,158,000, down 35% from HKD 183,251,000 in the previous year[38]. - Maintenance service revenue was HKD 69,202,000, a decrease of 9.5% from HKD 76,832,000 in the same period last year[38]. - Network security service revenue was HKD 14,694,000, an increase of 28.5% compared to HKD 11,409,000 in the previous year[38]. - Revenue from the public sector amounted to HKD 114,174,000, an increase of 15.0% from HKD 99,324,000 in the previous year[42]. - Revenue from the private sector decreased to HKD 88,880,000, down 48.2% from HKD 172,168,000 in the previous year[42]. - The geographical revenue breakdown shows that revenue from South Korea was HKD 188,360,000, down 27.6% from HKD 260,083,000 in 2022[37]. - Revenue from Hong Kong was HKD 14,694,000, an increase of 28.5% compared to HKD 11,409,000 in the previous year[37]. Expenses and Costs - The total sales and service costs for the six months ended June 30, 2023, were HKD 177.2 million, down from HKD 247.3 million in the same period in 2022[13]. - The Group's administrative expenses for the six months ended June 30, 2023, were HKD 31.9 million, a decrease from HKD 35.1 million in the same period in 2022[13]. - Employee costs for the six months were HKD 42,832,000, a slight decrease of 3.9% from HKD 44,590,000 in the previous year[44]. - The cost of goods sold for the six months ended June 30, 2023, was HKD 117,238,000, a decrease of 40.3% from HKD 196,753,000 in the same period of 2022[44]. Cash Flow and Assets - The company's cash and cash equivalents decreased to HKD 80,995,000 as of June 30, 2023, from HKD 122,561,000 at the beginning of the period[25]. - Operating cash flow for the six months ended June 30, 2023, was a net outflow of HKD (69,659,000), compared to a net outflow of HKD (41,779,000) in the same period of 2022[25]. - The company's total assets decreased to HKD 204,588,000 as of June 30, 2023, from HKD 259,690,000 at the end of 2022[18]. - The company’s non-current assets totaled HKD 80,305,000 as of June 30, 2023, slightly down from HKD 80,544,000 at the end of 2022[18]. - The company’s trade and other receivables decreased to HKD 56,548,000 as of June 30, 2023, from HKD 111,174,000 at the end of 2022[18]. - The company recorded cash and cash equivalents of approximately HKD 81.0 million as of June 30, 2023, down from approximately HKD 122.6 million as of December 31, 2022[93]. Shareholder Information - As of June 30, 2023, the largest shareholders include Ms. Tao Hongxia with 29.67% and Mr. Tao Guolin with 25.60% of the issued share capital[116]. - As of June 30, 2023, the company has a total of 480,000,000 issued shares[121]. - Huazhi Investment Holdings Limited holds 142,411,750 shares, representing approximately 29.67% of the issued share capital[121]. - Wei Fu Investment Development Limited acquired 100,000,000 shares, accounting for about 20.83% of the issued share capital[121]. - Han Lirong holds 122,917,327 shares through spousal rights, which is approximately 25.60% of the issued share capital[121]. Corporate Actions - The company completed a placement of 80,000,000 shares at HKD 0.22 per share, raising approximately HKD 17.2 million net of expenses, intended for debt repayment and working capital[80]. - The company entered into a placement agreement to issue up to 96 million shares at a price of HKD 0.79 per share, raising approximately HKD 75.34 million net proceeds[83]. - The company agreed to acquire approximately 51% of the shares in a target company for HKD 2,081,633 and provide a shareholder loan of up to HKD 4 million[84]. - The company plans to utilize the net proceeds from the share placement to support its business operations and repay debts[80]. Strategic Focus - The company continues to focus on system integration, maintenance services, and network security services as its core business segments[32]. - The group plans to expand into NFT, blockchain, and metaverse technologies to increase revenue sources[104]. - The group aims to enhance its competitive edge through regular technical training and encouraging participation in external seminars[106].

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].