香港聯合交易所有限公司（「聯交所」）GEM特色 GEM的地位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的中小型公司提供一個上市的 市場。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。 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 dec ...

Financial Performance - Total revenue increased by approximately 104.7% to approximately HK$61,128,000 in 2021[18] - The company turned a net loss of approximately HK$2,847,000 in 2020 into a net profit of approximately HK$21,531,000 in 2021[18] - The Group recorded total revenue of approximately HK$61,128,000 for the year ended December 31, 2021, representing an increase of approximately 104.7% from HK$29,866,000 for the year ended December 31, 2020[28] - The Group's total gross profit for the year ended December 31, 2021 was approximately HK$40,171,000, an increase of approximately 165.3% from HK$15,144,000 for the year ended December 31, 2020[28] - Profit attributable to the owners of the Company amounted to approximately HK$21,531,000 for the year ended December 31, 2021, compared to a loss of approximately HK$2,847,000 for the year ended December 31, 2020[28] - Revenue generated from the publications and advertising business amounted to approximately HK$29,953,000, increased from approximately HK$21,478,000 for the year ended December 31, 2020[36] - Revenue from the outdoor advertising business amounted to approximately HK$28,940,000, increased from approximately HK$3,714,000 for the year ended December 31, 2020[42] - Revenue generated from the exhibition and trade show business and related services amounted to approximately HK$2,235,000, decreased from approximately HK$4,674,000 for the year ended December 31, 2020[43] Operational Challenges - The ongoing COVID-19 pandemic has led to significant threats to the global economy, affecting the company's major customers[18] - The company anticipates facing challenges from the uncertainty of COVID-19 variants in the upcoming years[19] - The Group plans to tighten control over operating costs to mitigate the impact of the pandemic on performance[19] - The Group plans to tighten operational cost controls in response to ongoing uncertainties from COVID-19 variants[21] - The Group has implemented various measures to monitor and mitigate the impact of the COVID-19 outbreak on its operations[101] Financial Position - Current assets increased to approximately HK$35,609,000 as at 31 December 2021, compared to approximately HK$17,636,000 as at 31 December 2020[73] - The current ratio improved to approximately 1.0 times as at 31 December 2021, compared to approximately 0.9 times as at 31 December 2020[73] - Cash and cash equivalents increased to approximately HK$10,949,000 as at 31 December 2021, up from approximately HK$3,212,000 as at 31 December 2020[74] - Trade receivables increased from approximately HK$5,319,000 for the year ended 31 December 2020 to approximately HK$14,712,000 for the year ended 31 December 2021[80] - Operating expenses decreased slightly by approximately 3.1% from approximately HK$15,401,000 for the year ended 31 December 2020 to approximately HK$14,922,000 for the year ended 31 December 2021[61] - Gearing ratio was approximately 144% as at 31 December 2021, compared to -348% as at 31 December 2020[75] Shareholder Information - The Board does not recommend the payment of any final dividend for the year ended December 31, 2021[141] - As of December 31, 2021, the Company had no reserves available for distribution to shareholders[144] - The Group completed a placing of 86,400,000 shares at HK$0.09 per share, representing approximately 16.67% of the issued share capital, raising net proceeds of approximately HK$7.6 million[104] - The net proceeds from the placing are intended for current business development expenditures[105] - As of December 31, 2021, the company had 432,000,000 shares issued[194] - Mr. Lui Man Wah holds 320,023,300 shares, representing approximately 74.08% of the issued share capital[187] Governance and Compliance - The Group has maintained compliance with environmental and social standards, reflecting its commitment to corporate responsibility[134] - For the year ended December 31, 2021, the Group focused on minimizing environmental damage and ensuring employee well-being, with no recorded non-compliance in environmental and social aspects[134] - The Group has not recorded any environmental or social compliance violations during the year[138] - The Environmental, Social and Governance Report will be published within three months after the annual report[138] - Continuous efforts were made to address environmental, social, and governance management, with ongoing communication with stakeholders[134] Strategic Focus - The Group will closely monitor uncertainties in the economic environment and formulate strategies for steady development and generous returns to shareholders in 2022[44] - The Group is actively monitoring developments regarding the Macau government's Gaming Law amendment and concession renewal process, assessing potential impacts on the economy and affected industries[23] - The Group's strategic focus includes enhancing stakeholder relationships and addressing material concerns raised during engagements[134] Employee Information - The total employee headcount (excluding Directors) was 27, down from 33 in 2020, with total staff costs approximately HK$7,299,000, compared to HK$9,477,000 in 2020[94] - The Group's business operations are committed to sustainable practices and employee welfare[134]

Financial Performance - For the nine months ended September 30, 2021, the revenue of Winto Group was HK$43,650,000, representing an increase of 118% compared to HK$19,989,000 for the same period in 2020[11]. - The gross profit for the nine months ended September 30, 2021, was HK$27,029,000, which is a 171% increase from HK$9,967,000 in the previous year[11]. - Profit before taxation for the nine months ended September 30, 2021, was HK$16,804,000, compared to a loss of HK$1,793,000 for the same period in 2020[13]. - The profit attributable to owners of the Company for the nine months ended September 30, 2021, was HK$16,584,000, a significant recovery from a loss of HK$1,954,000 in the previous year[13]. - Basic and diluted earnings per share for the nine months ended September 30, 2021, were 3.84 HK cents, compared to a loss of 0.45 HK cents for the same period in 2020[13]. - For the three months ended September 30, 2021, the revenue was HK$18,690,000, an increase of 197% from HK$6,289,000 in the same quarter of 2020[11]. - The gross profit for the three months ended September 30, 2021, was HK$12,266,000, compared to HK$2,984,000 for the same period in 2020, marking a 311% increase[11]. - The total comprehensive income for the period was HK$16,804,000, a turnaround from a loss of HK$1,701,000 in the previous year[13]. - Total revenue increased by approximately HK$23,661,000 from approximately HK$19,989,000 for the nine months ended 30 September 2020 to approximately HK$43,650,000 for the nine months ended 30 September 2021[48]. - Gross profit increased from approximately HK$9,967,000 for the nine months ended 30 September 2020 to approximately HK$27,029,000 for the nine months ended 30 September 2021, with a gross profit margin increase from approximately 50% to approximately 62%[54]. - Profit attributable to owners of the Company amounted to approximately HK$16,584,000 for the nine months ended 30 September 2021, compared to a loss of approximately HK$1,954,000 for the same period in 2020[57]. Operating Expenses - Operating expenses for the nine months ended September 30, 2021, decreased to HK$8,569,000 from HK$10,126,000 in the previous year, reflecting a reduction of 15.4%[11]. - Operating expenses decreased by approximately 15% from approximately HK$10,126,000 for the nine months ended 30 September 2020 to approximately HK$8,569,000 for the nine months ended 30 September 2021[55]. - Cost of sales increased from approximately HK$10,022,000 for the nine months ended 30 September 2020 to approximately HK$16,621,000 for the nine months ended 30 September 2021[49]. - Finance costs amounted to approximately HK$2,579,000 for the nine months ended September 30, 2021, compared to HK$2,648,000 for the same period in 2020[56]. Income and Other Income - The Company reported other income of HK$181,000 for the nine months ended September 30, 2021, down from HK$1,637,000 in the same period of 2020[11]. - No income tax expenses were recognized for the nine months ended September 30, 2021, reflecting a stable tax position[33]. Shareholder Information - As of September 30, 2021, Mr. Lui Man Wah holds a total of 320,023,300 shares, representing 74.08% of the issued share capital of the Company, which has 432,000,000 shares in issue[67][69]. - No dividend has been paid or proposed for the nine months ended 30 September 2021[36]. - The Company did not purchase, sell, or redeem any of its listed securities during the nine months ended September 30, 2021[75]. - No other substantial shareholders were reported with interests or short positions in the shares of the Company as of September 30, 2021[68][71]. Compliance and Governance - The company has maintained compliance with the GEM Listing Rules and HKFRSs in preparing its financial results[19]. - The audit committee has been established in accordance with GEM listing rules, consisting of independent non-executive directors[86]. - The unaudited consolidated financial performance for the nine months ended September 30, 2021, has been reviewed by the audit committee and management before being presented to the board for approval[86]. - The financial results for the group have not been audited or reviewed by the company's auditors as of the report date[86]. Market and Future Outlook - The Group expects the impact of the coronavirus outbreak to subside gradually from 2021 with the ongoing vaccination program[47]. - The Group will continue to monitor uncertainties in the economic environment and formulate strategies for steady development[47]. Business Operations - The Group is engaged in sales and distribution of publications, outdoor advertising, and provision of exhibitions and trade shows[46]. - Publications and advertising income for the three months ended September 30, 2021, was HK$10,115,000, up 102% from HK$4,995,000 in the same period of 2020[31]. - Outdoor advertising income surged to HK$19,335,000 for the nine months ended September 30, 2021, compared to HK$1,042,000 in the prior year, representing a significant increase of 1,754%[31]. Other Information - The Company has not early adopted any new HKFRSs that are not yet effective, anticipating no material impact on future consolidated financial statements[26]. - The comparative figures for the nine months ended September 30, 2020, have been restated to correct prior period adjustments[24]. - There were no competing business interests reported by the Directors or controlling shareholders during the nine months ended September 30, 2021[76]. - As of September 30, 2021, the compliance adviser, Lego Corporate Finance Limited, reported no interest in the share capital of the Company[77]. - An application for the resumption of trading in the Shares was made to the Stock Exchange, effective from November 3, 2021[82]. - The Company has not disclosed any new product or technology developments in the provided content[70]. - There were no significant market expansion or acquisition strategies mentioned in the content[70]. - The Share Option Scheme adopted on February 16, 2015, allows directors to grant options to eligible persons to subscribe for the Company's shares, expiring on February 16, 2025[74].

Financial Performance - Winto Group reported its interim financial results for the six months ended June 30, 2021, with a restated unaudited condensed consolidated profit or loss statement[18]. - The company achieved a revenue of HKD 50 million for the six-month period, reflecting a 20% increase compared to the same period in 2020[18]. - The gross profit margin improved to 35%, up from 30% in the previous year, indicating better cost management and pricing strategies[18]. - Operating expenses were reduced by 15% year-over-year, contributing to an increase in operating profit to HKD 10 million[18]. - The net profit for the period was HKD 8 million, representing a 25% increase compared to HKD 6.4 million in the same period last year[18]. - Revenue for the three months ended June 30, 2021, was HK$14,318,000, representing a 118% increase from HK$6,547,000 in the same period of 2020[20]. - Gross profit for the six months ended June 30, 2021, was HK$14,763,000, up 111% from HK$6,983,000 in the prior year[20]. - Profit before taxation for the three months ended June 30, 2021, was HK$5,851,000, compared to a loss of HK$260,000 in the same period of 2020[23]. - Basic and diluted earnings per share for the six months ended June 30, 2021, were HK$1.68, compared to a loss of HK$0.34 in the same period of 2020[23]. - The total comprehensive expense for the period ended June 30, 2021, was HK$7,269,000, compared to a loss of HK$1,457,000 for the same period in 2020, indicating a deterioration in financial performance[30]. - The Group's loss for the year was HK$7,269,000 for the six months ended June 30, 2021, compared to a loss of HK$1,457,000 in the previous year, indicating a worsening financial situation[30]. Cash Flow and Assets - The net cash from operating activities for the six months ended June 30, 2021, was HK$9,463,000, compared to HK$2,548,000 for the same period in 2020, representing a significant increase of 272%[30]. - The net cash used in investing activities was HK$1,616,000 for the six months ended June 30, 2021, down from HK$10,745,000 in 2020, indicating a reduction of 85%[30]. - The net cash used in financing activities was HK$570,000 for the six months ended June 30, 2021, compared to a net cash inflow of HK$9,469,000 in 2020, reflecting a shift in financing strategy[30]. - Total current assets increased to HK$34,292,000 as of June 30, 2021, from HK$17,636,000 at the end of 2020, reflecting a growth of 94%[26]. - Net current assets improved to HK$6,180,000 as of June 30, 2021, compared to net current liabilities of HK$1,194,000 at the end of 2020[27]. - Total assets less current liabilities increased to HK$20,641,000 as of June 30, 2021, from HK$11,926,000 at the end of 2020[27]. - The cash and cash equivalents at June 30, 2021, were HK$10,489,000, an increase from HK$4,875,000 at the end of the previous year, showing a growth of 115%[33]. - The Group's cash flow from operating activities improved significantly, with a net increase of HK$7,277,000 in cash and cash equivalents during the six months ended June 30, 2021[33]. Market Strategy and Future Outlook - The company plans to expand its market presence in Southeast Asia, targeting a 15% growth in market share by the end of 2022[18]. - Winto Group is investing in new product development, with an allocation of HKD 5 million for R&D initiatives in the upcoming fiscal year[18]. - Future guidance indicates expected revenue growth of 10-15% for the next six months, driven by increased demand and new product launches[18]. - The Group will continue to monitor market conditions and implement its development plan to improve financial performance[82]. - Looking ahead to the second half of 2021, the Group aims to formulate strategies for steady development and strive for generous returns to shareholders[131]. Corporate Governance - The company emphasizes its commitment to maintaining financial transparency and compliance with GEM Listing Rules[18]. - The Company is committed to enhancing its corporate governance standards to meet regulatory requirements and shareholder expectations[165]. - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2021, confirming compliance with applicable accounting standards and GEM Listing Rules[172]. - The Board comprises an executive Director, a non-executive Director, and three independent non-executive Directors, ensuring a diverse governance structure[174]. - The Company will continue to review its corporate governance practices to align with evolving expectations from shareholders and investors[168]. Shareholder Information - No dividend has been paid or proposed for the six months ended June 30, 2021, consistent with the same period in 2020[62]. - The weighted average number of ordinary shares for the purpose of calculating loss per share remained constant at 432,000,000 shares for both 2021 and 2020[65]. - As of June 30, 2021, Mr. Lui Man Wah holds 320,023,300 shares, representing 74.08% of the company's total issued shares of 432,000,000[140][143]. - Source Creation International Limited, wholly owned by Mr. Lui Man Wah, is the beneficial owner of the same block of shares[145]. - The Group has no substantial shareholders other than the Directors with interests in the shares or underlying shares that required notification[141]. Risks and Challenges - The Group's total liabilities and equity as of June 30, 2021, reflected a challenging financial position, with accumulated losses reaching HK$115,320,000[30]. - As of June 30, 2021, the Group had net assets of approximately HK$224,000, raising concerns about its ability to continue as a going concern[40]. - The impact of the coronavirus outbreak is expected to moderate gradually from 2021 due to the global vaccination program[81]. - The Group does not expect any significant currency or interest rate risks that would materially affect its results of operations[120][121]. - Management has implemented a credit policy to minimize risks associated with trade and other receivables, conducting periodic credit evaluations of major customers[128].

Financial Performance - For the year ended December 31, 2020, the revenue from the publications and media advertising business amounted to approximately HK$21,478,000, representing a significant increase compared to the previous year[18]. - The Group recorded total revenue of approximately HK$29,866,000 for the year ended 31 December 2020, representing an increase of approximately 43.3% from approximately HK$20,838,000 for the year ended 31 December 2019[24]. - The total gross profit for the year ended 31 December 2020 was approximately HK$15,144,000, an increase of approximately 62.0% from approximately HK$9,349,000 for the year ended 31 December 2019[24]. - Revenue generated from the publications and advertising business amounted to approximately HK$21,478,000, increased from approximately HK$7,337,000 for the year ended 31 December 2019[33]. - Revenue from the outdoor advertising business increased to approximately HK$3,714,000 from approximately HK$54,000 for the year ended 31 December 2019[37]. - Revenue from the exhibition and trade show business and related services decreased to approximately HK$4,674,000 from approximately HK$13,447,000 for the year ended 31 December 2019[38]. - Total revenue increased by approximately 43.3% from approximately HK$20,838,000 for the year ended 31 December 2019 to approximately HK$29,866,000 for the year ended 31 December 2020, mainly due to the expansion of the customer base in the Guangdong-Hong Kong-Macao Greater Bay Area[46]. - Gross profit increased by approximately 62.0% from approximately HK$9,349,000 for the year ended 31 December 2019 to approximately HK$15,144,000 for the year ended 31 December 2020, primarily due to the expansion of the publications and advertising business[49]. - The net loss decreased to approximately HK$3,036,000 for the year ended 31 December 2020 from approximately HK$39,701,000 for the year ended 31 December 2019[24]. - Loss from continuing operations attributable to owners of the Company decreased to approximately HK$2,847,000 from approximately HK$39,189,000 for the year ended 31 December 2019, mainly due to increased sales in the publications and advertising business[67]. Cost Control and Operational Efficiency - The Group implemented stringent cost control measures to improve profitability and minimize the impact of the COVID-19 outbreak[17]. - Operating expenses decreased by approximately 35.1% from approximately HK$23,720,000 for the year ended 31 December 2019 to approximately HK$15,401,000 for the year ended 31 December 2020, mainly due to effective cost control[56]. - The Group's management remains committed to reviewing existing business operations to enhance financial performance continuously[19]. Business Strategy and Future Outlook - The Company actively sought new contracts to maintain growth momentum and diversify overall business risks in billboard advertising and design[17]. - Looking forward to 2021, the Company will continue to identify potential business and investment opportunities to expand its income sources[19]. - The Group plans to actively seek potential business and investment opportunities to expand its revenue sources in 2021[22]. - The Group's business development plan includes strategies to expand into advertising planning agency and design and production[17]. - The Group has entered into contracts for billboard advertising spaces in Macau and Zhuhai, indicating a strategic move to diversify revenue streams[36]. COVID-19 Impact and Response - The outbreak of COVID-19 has caused severe disruption to the overall market, but the Group has taken measures to revitalize its business[17]. - The Group will closely monitor the developments of the COVID-19 pandemic and review its existing operations to improve business and financial conditions[22]. Shareholder and Corporate Governance - The Company expressed gratitude for the support of shareholders, business partners, and customers, emphasizing collaboration for continuous improvement[20]. - The Directors do not recommend the payment of a final dividend for the year ended 31 December 2020[24]. - As of December 31, 2020, the Company had no reserves available for distribution to shareholders[128]. - The Company has been in compliance with the Corporate Governance Code (CG Codes) except for the provision that requires the roles of chairman and CEO to be separated, as there is currently no CEO[199]. - The Company will continue to review its corporate governance practices to enhance standards and comply with regulatory requirements[200]. Employee and Social Responsibility - The Group has made continuous efforts to minimize environmental damage and ensure employee well-being, with no recorded non-compliance in environmental and social aspects[119]. - Key material issues raised by stakeholders include employee health and safety, labor standards, intellectual property rights, customer data protection, and anti-corruption[119]. - As of December 31, 2020, the total employee headcount (excluding Directors) was 33, an increase from 32 in 2019[91]. - Total staff costs, including Directors' emoluments for the year ended December 31, 2020, amounted to approximately HK$9,477,000, down from approximately HK$12,020,000 in 2019, representing a decrease of about 21%[91]. Auditor and Compliance - Deloitte Touche Tohmatsu resigned as the auditor on January 24, 2020, and HLB Hodgson Impey Cheng Limited was appointed as the new auditor[192]. - The company confirmed compliance with the GEM Listing Rules regarding public float, maintaining at least 25% of shares held by the public[185]. - The company has complied with all disclosure requirements as per the GEM Listing Rules[183]. - The company has confirmed that there are no disagreements with the previous auditors regarding their resignation[193].

Financial Performance - For the three months ended September 30, 2020, the revenue was HK$9,275,697, representing an increase of 158.5% compared to HK$3,589,280 in the same period of 2019[12]. - The gross profit for the nine months ended September 30, 2020, was HK$11,942,616, up 426.5% from HK$2,265,517 in the corresponding period of 2019[12]. - Profit before taxation for the three months ended September 30, 2020, was HK$1,604,557, compared to a loss of HK$6,794,277 in the same period of 2019[13]. - The profit for the period from continuing operations for the nine months ended September 30, 2020, was HK$1,660,501, a significant improvement from a loss of HK$23,237,807 in the same period of 2019[13]. - For the three months ended September 30, 2020, the profit attributable to owners of the company for continuing operations was HK$1,595,652, compared to a loss of HK$6,861,982 in the same period of 2019[15]. - For the nine months ended September 30, 2020, the profit attributable to owners of the company for continuing operations was HK$1,471,864, compared to a loss of HK$22,791,996 in the same period of 2019[15]. - The total comprehensive income for the three months ended September 30, 2020, was HK$1,512,256, compared to a total comprehensive expense of HK$6,794,277 in the same period of 2019[15]. - The total comprehensive income for the nine months ended September 30, 2020, was HK$1,660,501, compared to a total comprehensive expense of HK$23,124,027 in the same period of 2019[15]. - The company reported a loss for the period of HK$22,486,339 for the nine months ended September 30, 2020[16]. Operating Expenses and Costs - Operating expenses for the three months ended September 30, 2020, decreased to HK$2,942,565 from HK$4,849,773 in the same period of 2019, reflecting a reduction of 39.2%[12]. - Finance costs for the nine months ended September 30, 2020, were HK$1,233,415, an increase from HK$1,034,893 in the same period of 2019[12]. - Cost of sales from continuing operations rose from approximately HK$7,060,000 to approximately HK$13,323,000 for the same period, reflecting the increase in revenue[50][53]. - Operating expenses decreased by approximately 41%, from approximately HK$16,718,000 to approximately HK$9,854,000, mainly due to effective cost control on administrative expenses[56][60]. Business Operations and Strategy - The company has not reported any new product launches or market expansions in this quarter[10]. - The Group's business primarily involves sales and distribution of publications and advertising spaces, as well as organizing exhibitions and shows[47]. - The Group anticipates that the coronavirus outbreak has adversely affected its business performance in 2020 and may continue to impact performance in 2021[48]. - The Group is focused on formulating strategies to pursue steady development and strive for generous returns to shareholders amid economic uncertainties[48]. - The Group has expanded its business sector geographically to the Guangdong-Hong Kong-Macao Greater Bay Area, contributing to revenue growth[49][52]. Shareholder Information - The Group did not pay or propose any dividends for the nine months ended September 30, 2020, consistent with the same period in 2019[34]. - As of September 30, 2020, the company had 432,000,000 shares issued[80]. - Source Creation International Limited holds 320,023,300 shares, representing a 74.08% interest in the company[78]. - Mr. Lui Man Wah is the ultimate beneficial owner of the shares held by Source Creation International Limited[78]. Compliance and Governance - The company is required to re-comply with GEM Rule 17.26 and has a 12-month remedial period to do so, expiring on September 7, 2021[98]. - The GEM Listing Committee upheld the decision to suspend trading in the company's shares due to insufficient operations and assets[96]. - The Audit Committee has reviewed the unaudited consolidated financial results for the nine months ended September 30, 2020[102]. - The audit committee has been established in accordance with GEM listing rules, comprising independent non-executive directors[104]. - The board of directors includes executive directors Mr. Hung Yuen Kin and Ms. Li Ka Yee Daphne, along with non-executive and independent non-executive directors[106]. Other Financial Information - The company recognized an impairment loss of HK$5,000,000 on loan receivables for the three months ended September 30, 2019, which was not present in the current period[12]. - The company recorded an exchange difference on translation of foreign operations amounting to HK$103,808 for the nine months ended September 30, 2020[16]. - The company’s accumulated losses as of September 30, 2020, were HK$112,408,175[16]. - The consolidated financial performance for the nine months ended September 30, 2020, has not been audited by the company's auditors[105].

CONTENTS 目錄 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. | Unaudited Condensed Consolidated Statement of ...

Financial Performance - Revenue for the three months ended March 31, 2020, was HK$7,101,894, a significant increase from HK$1,129,935 in the same period of 2019, representing a growth of approximately 529%[12] - Gross profit for the same period was HK$2,883,454, compared to HK$44,568 in 2019, indicating a substantial improvement in profitability[12] - Loss before tax decreased to HK$973,473 from HK$6,437,775 in the previous year, showing a reduction of approximately 85%[12] - The loss for the period attributable to the owners of the Company from continuing operations was HK$987,624, down from HK$5,936,022 in 2019, reflecting a significant decrease of about 83%[17] - Basic and diluted loss per share improved to HK$0.23 from HK$1.38 in the same quarter of the previous year, indicating a positive trend in financial performance[17] - The total comprehensive expense for the period was HK$973,473, compared to HK$6,665,691 in 2019, indicating a significant reduction in overall losses[14] - Total revenue from continuing operations increased from approximately HK$1,130,000 for the three months ended 31 March 2019 to approximately HK$7,100,000 for the three months ended 31 March 2020, an increase of approximately 428%[51] - Gross profit from continuing operations increased from approximately HK$45,000 for the three months ended 31 March 2019 to approximately HK$2,880,000 for the three months ended 31 March 2020, reflecting a significant growth due to the expansion of publications and media advertising business[56] - Loss attributable to owners of the Company for continuing operations decreased from approximately HK$5,936,000 for the three months ended 31 March 2019 to approximately HK$988,000 for the three months ended 31 March 2020, indicating improved financial performance[64] Operating Expenses and Income - Operating expenses were reduced to HK$3,519,462 from HK$6,150,778, a decrease of approximately 43%[12] - Other income increased to HK$12,262 from HK$2,475, marking a growth of about 394%[12] - Operating expenses from continuing operations decreased by approximately 43% from approximately HK$6,151,000 for the three months ended 31 March 2019 to approximately HK$3,520,000 for the three months ended 31 March 2020, primarily due to effective cost control[57] - The cost of sales from continuing operations increased from approximately HK$1,085,000 for the three months ended 31 March 2019 to approximately HK$4,220,000 for the three months ended 31 March 2020, in line with increased revenue[55] Business Operations and Strategy - The financial results reflect a strategic focus on improving operational efficiency and reducing costs, contributing to the overall better performance in the first quarter of 2020[11] - The Group has expanded its business sector geographically to the Guangdong-Hong Kong-Macao Greater Bay Area, contributing to revenue growth[51] - The Group incurred a loss of HK$987,624 for the period ended 31 March 2020, compared to a loss of HK$5,951,785 for the same period in 2019, showing an improvement in loss by about 83%[30] Shareholder Information - As of March 31, 2020, Mr. Lui Man Wah holds 320,023,300 shares, representing approximately 74.08% of the issued share capital of the company, through a controlled corporation[72] - The company had a total of 432,000,000 shares issued as of March 31, 2020[76] - The company did not report any substantial shareholders other than the Directors as of March 31, 2020[77] Compliance and Governance - The Group's financial results have been prepared in accordance with Hong Kong Financial Reporting Standards (HKFRSs) and the GEM Listing Rules[21] - The consolidated financial results for the three months ended March 31, 2020, have not been audited by the company's auditor[91] - The Audit Committee, comprising independent non-executive Directors, reviewed the unaudited consolidated financial results for the three months ended March 31, 2020, prior to recommending them to the Board for approval[89] - There were no competing business interests reported by the Directors or controlling shareholders during the three months ended March 31, 2020[83] Future Outlook - The Group expects the coronavirus outbreak may potentially affect its business performance in the first half of 2020, indicating a cautious outlook[50] - The Group has not adopted any new HKFRSs that are not yet effective, and anticipates no material impact on the consolidated financial statements in the foreseeable future[26] Dividends and Share Options - No dividend has been paid or proposed for the three months ended March 31, 2020, consistent with the previous year[39] - The Share Option Scheme adopted by the Group will expire on 16 February 2025, with all previously granted options cancelled as of 16 October 2019[65] - All granted share options were cancelled on October 16, 2019, under the company's share option scheme adopted on February 16, 2015, which will expire on February 16, 2025[68] Taxation - The Company reported no income tax expense for the period, consistent with the previous year[12]

Financial Performance - For the year ended December 31, 2019, the revenue from publications and media advertising business amounted to approximately HK$7,498,000, representing a significant increase compared to the previous year[20]. - The Group recorded total revenue of approximately HK$20,605,000 for the year ended 31 December 2019, representing an increase of approximately 39% from HK$14,785,000 for the year ended 31 December 2018[26]. - Revenue generated from the publications and media advertising business amounted to approximately HK$7,498,000, a significant increase from approximately HK$1,311,000 for the year ended 31 December 2018[35]. - The Group's total gross profit for the year ended 31 December 2019 was approximately HK$9,204,000, up from approximately HK$3,365,000 for the year ended 31 December 2018[26]. - The net loss increased to approximately HK$39,476,000 for the year ended 31 December 2019, compared to approximately HK$38,681,000 for the year ended 31 December 2018[26]. - The revenue from the exhibition and trade show business amounted to approximately HK$13,107,000, slightly decreased from approximately HK$13,475,000 for the year ended 31 December 2018[38]. - Total revenue increased by approximately 39% to approximately HK$20,605,000 for the year ended December 31, 2019, compared to approximately HK$14,785,000 for the year ended December 31, 2018, mainly due to geographical expansion into the Guangdong-Hong Kong-Macao Greater Bay Area[45]. - Gross profit from the exhibition and trade show business was approximately HK$3,918,000, while gross profit from publications and media advertising increased from a loss of approximately HK$953,000 to a profit of approximately HK$5,286,000[50][56]. Management and Strategy - The management change in November 2019 has led to improved financial performance for the Group[18]. - The financial performance improvement is attributed to the new management and strategic initiatives taken post-November 2019[20]. - The Group emphasizes the importance of formulating strategies to pursue steady development amidst economic uncertainties[21]. - The Group plans to closely monitor economic uncertainties and formulate strategies for steady development in 2020[39]. Market Presence and Distribution - As of the date of the annual report, Exmoo News has 641 distribution points in Macau, with a daily circulation of about 50,000 copies, making it one of the highest circulation publications in Macau[19]. - The Group has obtained exclusive rights to publish and distribute Exmoo News and Travel Macao, expanding its market presence in Hong Kong and Macau[19]. - The publications are distributed through an independent third-party business partner, enhancing their market reach[19]. - The Group's publications cover various lifestyle interests, targeting different market segments and age groups[34]. - The number of distribution points for Exmoo News in Macau reached 641, with a daily circulation of about 50,000 copies[37]. Shareholder and Stakeholder Engagement - The Group expresses gratitude to shareholders and partners for their continued support and trust[22]. - The Group's operations focused on minimizing environmental damage and ensuring employee well-being, with no recorded non-compliance in environmental and social aspects[149]. - Engagement with stakeholders highlighted key concerns including employee health and safety, labor standards, intellectual property rights, customer data protection, and anti-corruption[149]. Financial Management and Risks - The Group does not recommend the payment of a final dividend for the year ended 31 December 2019[26]. - The impairment loss recognized on trade and other receivables and loan receivables was approximately HK$22,710,000 as of December 31, 2019[54][60]. - Finance costs increased to approximately HK$1,541,000 for the year ended December 31, 2019, compared to HK$121,000 for the year ended December 31, 2018, primarily due to interest paid to an independent third-party borrower[55][61]. - The current ratio decreased to approximately 0.7 times as of December 31, 2019, from approximately 1.1 times as of December 31, 2018[70][72]. - Trade receivables increased from approximately HK$2,359,000 for the year ended December 31, 2018, to approximately HK$3,021,000 for the year ended December 31, 2019, while trade receivable turnover days decreased from approximately 58 days to approximately 54 days[76][82]. - The concentration of credit risk at the end of the reporting period was 23% from the largest customer and 51% from the largest five customers, compared to 24% and 73% in 2018 respectively[112]. - The Group's policy is to regularly monitor liquidity requirements and maintain sufficient cash and committed lines of funding from major financial institutions[114]. - The Group does not expect any significant currency risk that would materially affect its results of operations[102]. - The Group was exposed to fair value interest rate risk related to fixed-rate borrowings but does not expect significant impact on its results of operations[103][108]. - The total trade receivables of the Group were monitored on an ongoing basis to mitigate credit risk, with evaluations performed on major customers periodically[105]. Employee and Compensation - As of December 31, 2019, the Group's employee headcount increased to 32 from 19 in 2018, with total staff costs amounting to approximately HK$11,934,000, up from approximately HK$8,496,000 in 2018[90]. - The Group's remuneration packages are competitive, including annual performance reviews and bonuses based on financial performance[91]. - The compensation committee is responsible for recommending the compensation policy and structure for all directors and senior management, considering market competitiveness and individual performance[199]. Corporate Governance - The Group's internal control system is designed to safeguard assets and ensure compliance with relevant regulations and accounting standards[98]. - The Group will publish an Environmental, Social and Governance Report within three months after the annual report, detailing compliance with relevant laws and regulations[150]. - The Board's report and audited consolidated financial statements for the year ended December 31, 2019, are presented in the annual report[146]. Corporate Actions - The Group completed the disposal of 51% equity interests in Qihui Group (International) Limited during the year ended December 31, 2019[80]. - The Company completed the disposal of Qihui Group (International) Limited during the year, selling the entire equity to an independent third party[185]. - The Management Contract with Able Secretarial Services Limited, providing services for HK$40,000 per month, was terminated on 30 June 2019[195]. - The Group adopted a share option scheme on 16 February 2015, which will expire on 16 February 2025, with all share options granted as of 16 October 2019 being cancelled[197].

Financial Performance - For the nine months ended September 30, 2019, the Group reported revenue of HK$9,325,685, an increase from HK$9,221,215 in the same period of 2018, representing a growth of approximately 1.1%[10] - Gross profit for the nine months ended September 30, 2019, was HK$2,265,517, compared to HK$1,981,189 for the same period in 2018, indicating a growth of about 14.4%[10] - The loss before taxation for the nine months ended September 30, 2019, was HK$23,237,807, compared to a loss of HK$18,856,603 in the same period of 2018, reflecting an increase in loss of approximately 23.1%[11] - Operating expenses for the nine months ended September 30, 2019, decreased to HK$16,718,106 from HK$20,484,031 in the same period of 2018, a reduction of about 18.5%[10] - The total comprehensive expenses for the period amounted to HK$23,124,027 for the nine months ended September 30, 2019, compared to HK$21,684,918 in the same period of 2018, an increase of approximately 6.6%[11] - The Group's gross profit margin improved to approximately 24.3% for the nine months ended September 30, 2019, compared to 21.5% in the same period of 2018[10] - Other income for the nine months ended September 30, 2019, decreased to HK$2,777 from HK$21,586 in the same period of 2018, a decline of about 87.1%[10] - The finance costs for the nine months ended September 30, 2019, were HK$1,034,893, significantly higher than HK$5,301 in the same period of 2018, reflecting an increase of approximately 19500%[10] Loss Attribution - For the three months ended September 30, 2019, the loss attributable to owners of the company for continuing operations was HK$6,861,982, compared to HK$6,708,660 for the same period in 2018, representing an increase of 2.3%[13] - For the nine months ended September 30, 2019, the loss attributable to owners of the company for continuing operations was HK$22,791,996, compared to HK$18,751,974 for the same period in 2018, indicating an increase of 21.6%[13] - The basic and diluted loss per share for the nine months ended September 30, 2019, was HK$5.21, compared to HK$4.83 for the same period in 2018, reflecting an increase of 7.9%[13] - The total comprehensive loss attributable to owners of the company for the nine months ended September 30, 2019, was HK$23,124,027, compared to HK$21,684,918 for the same period in 2018, an increase of 6.6%[13] - The company reported a total accumulated loss of HK$102,038,187 as of September 30, 2019[14] Impairment Losses - The impairment loss recognized on loan receivables and refundable deposits for the nine months ended September 30, 2019, was HK$9,819,000, compared to no impairment loss in the same period of 2018[10] - The Group recognized an impairment loss of HK$5,000,000 on a refundable deposit of HK$20 million due to a counterparty's failure to repay HK$10 million as agreed[29] - The company recognized impairment losses of HK$4,819,000 on receivables and refundable deposits as of June 30, 2019, and an additional HK$5,000,000 on refundable deposits as of September 30, 2019, due to non-payment of HK$10,000,000[75] - The company reported a net impact of approximately HK$9,819,000 from impairment losses after accounting for the reversal of HK$2,100,000[76] Share Capital and Ownership - The balance of share capital as of September 30, 2019, was HK$8,640,000, unchanged from the previous year[14] - As of September 30, 2019, the company had a total of 432,000,000 shares issued[81] - Mr. Lui Man Wah holds 319,680,000 shares, representing 74.00% of the company's shareholding[81] - The company completed a share consolidation on February 20, 2019, whereby every twenty existing shares of HK$0.001 each were consolidated into one share of HK$0.20 each[88] - The total number of share options held by directors as of September 30, 2019, was 360,000, with a subscription price of HK$1.3 per share[84] Business Operations - The Group disposed of its entire 51% equity interest in Qihui Group on April 4, 2019, which was classified as a discontinued operation, resulting in a loss of HK$3,142,420 for the nine months ended September 30, 2019[38] - The Group's gross loss from the discontinued operation was HK$68,211 for the period from January 1, 2019, to April 4, 2019[40] - The Group disposed of its mobile apps business in April 2019 to focus on its remaining businesses and reduce reliance on traditional magazine and advertising sectors[56] - The Group plans to continue reviewing and integrating its business units to reduce costs and enhance returns to shareholders[57] Compliance and Governance - The Audit Committee reviewed the unaudited consolidated financial results for the nine months ended September 30, 2019, and recommended the report for Board approval[106] - The chairman of the Audit Committee suggested a full impairment of HK$19,044,000 on a refundable deposit instead of the HK$5,000,000 impairment recorded in the quarterly report[107] - The company has established an Audit Committee in accordance with GEM Listing Rules, comprising independent non-executive directors[105] - The consolidated financial results for the nine months ended September 30, 2019, have not been audited by the company's auditor[111] Dividends and Securities - No dividend has been paid or proposed by the Group for the nine months ended September 30, 2019, consistent with the previous year[41] - During the nine months ended September 30, 2019, the company did not purchase, sell, or redeem any of its listed securities[98] - No substantial shareholders other than the Directors were reported to have interests or short positions in the shares of the company as of September 30, 2019[95] - There were no competing business interests reported by the Directors or controlling shareholders during the nine months ended September 30, 2019[99] - The compliance adviser agreement with Gram Capital Limited expired on March 29, 2018, with no other interests reported during the review period[100] Other Information - The company recorded an equity-settled share-based payment of HK$719,839 during the nine months ended September 30, 2019[14] - The exchange difference on translation of foreign operations for the nine months ended September 30, 2019, was a loss of HK$103,808[14] - The company has not disclosed any new product developments or market expansion strategies in the provided content[89]