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]

Financial Performance - For the six months ended June 30, 2019, the Group reported revenue of HK$5,736,405, a decrease of 6.7% compared to HK$6,144,420 for the same period in 2018[9]. - The gross profit for the six months ended June 30, 2019, was HK$960,167, representing a decline of 30.9% from HK$1,388,972 in 2018[9]. - The loss before taxation for the six months ended June 30, 2019, was HK$16,443,530, compared to a loss of HK$12,030,698 for the same period in 2018, indicating a worsening of 36.5%[9]. - The total comprehensive expenses for the period amounted to HK$16,329,750, an increase of 19.0% from HK$13,711,585 in 2018[11]. - The loss attributable to owners of the Company for continuing operations was HK$15,930,014 for the six months ended June 30, 2019, compared to HK$12,043,314 in 2018, reflecting a 32.4% increase[11]. - The company reported a loss of HK$15,624,357 for the six months ended June 30, 2019, compared to a loss of HK$12,990,672 in the same period of 2018, indicating an increase in losses of approximately 20%[17]. - The loss attributable to owners for the six months was HK$15,930,014, compared to HK$12,043,314 in the previous year[79]. Expenses and Costs - Operating expenses for the six months ended June 30, 2019, were HK$11,868,333, down from HK$13,790,443 in 2018, a decrease of 13.9%[9]. - The Group's other income for the six months ended June 30, 2019, was HK$2,901, a significant drop from HK$13,783 in 2018[9]. - The finance costs for the six months ended June 30, 2019, were HK$685,149, compared to HK$2,813 in 2018, indicating a substantial increase[9]. - The equity-settled share-based payment for the period was HK$688,354, reflecting ongoing investment in employee compensation[18]. - The company incurred an impairment loss of HK$4,819,000 on loan receivables and refundable deposits[46]. Assets and Liabilities - As of June 30, 2019, non-current assets totaled HK$7,732,176, a decrease from HK$22,998,591 as of December 31, 2018[14]. - The net current assets increased to HK$5,145,262 as of June 30, 2019, compared to HK$1,844,123 at the end of 2018, reflecting improved liquidity[15]. - Total equity attributable to owners of the Company decreased to HK$12,445,271 as of June 30, 2019, down from HK$27,464,806 at the end of 2018, indicating a significant reduction in shareholder equity[15]. - Current liabilities decreased to HK$19,265,397 as of June 30, 2019, from HK$21,252,108 at the end of 2018, suggesting a reduction in short-term obligations[14]. - The total assets less current liabilities were HK$12,877,438 as of June 30, 2019, down from HK$24,842,714 at the end of 2018, reflecting a decline in overall asset value[15]. - The company has goodwill valued at HK$1,399,146 as of June 30, 2019, unchanged from December 31, 2018, indicating stability in this asset category[14]. - The consolidated assets decreased to HK$32,142,835 from HK$46,094,822, indicating a decline of 30.2%[56]. Cash Flow - The net cash used in operating activities was HK$8,650,310, a significant improvement compared to HK$27,237,082 in the previous year, reflecting a reduction of approximately 68%[18]. - The company incurred a net cash outflow of approximately HK$10,320,428 for the six months ended June 30, 2019, compared to HK$18,868,505 in the same period of 2018, showing a decrease of about 45%[19]. - Cash and cash equivalents decreased to HK$2,528,090 as of June 30, 2019, down from HK$23,084,765 at the end of the previous year, representing a decline of approximately 89%[19]. Shareholder Information - Mr. Tang Yau Sing holds 194,662,700 shares, representing 45.06% of the total shareholding[170]. - As of June 30, 2019, the company has a total of 432,000,000 shares issued[175]. - Shareholder Value Fund and CM Asset Management each hold 128,440,800 shares, accounting for 29.73% of the shareholding[182]. - The company completed a share consolidation on February 20, 2019, consolidating every 20 existing shares of HK$0.001 into one share of HK$0.20[178]. - The total number of share options held by directors as of June 30, 2019, is 360,000[177]. Business Operations - The mobile app business segment was disposed of during the current period, and its results are not included in the segment information[40]. - The Group will focus on the development of its remaining businesses and seek opportunities to diversify its operations[111]. - The company completed the disposal of its 51% equity interest in Qihui Group, which was primarily involved in mobile app development, marking it as a discontinued operation[71]. Governance and Compliance - The company has adopted a code of conduct for securities transactions by directors, confirming compliance during the reporting period[1]. - The directors are not aware of any competing business interests that conflict with the company's operations as of June 30, 2019[1]. - The company has complied with the Corporate Governance Code for the reporting period, except for Code Provision A.2.1[1].

Financial Performance - For the three months ended March 31, 2019, the Group reported revenue of HK$1,129,935, an increase of 18.4% compared to HK$954,638 in the same period of 2018[8] - The cost of sales for the same period was HK$1,085,367, resulting in a gross profit of HK$44,568, a significant decrease from HK$493,707 in 2018[8] - The loss before tax for the period was HK$6,437,775, compared to a loss of HK$4,715,116 in the previous year, indicating a deterioration in financial performance[9] - The total comprehensive expense for the period was HK$6,665,691, slightly higher than HK$6,270,027 in the same period of 2018[9] - The loss attributable to the owners of the Company for continuing operations was HK$5,936,022, compared to HK$4,715,116 in 2018, reflecting a 25.8% increase in losses[12] - The basic and diluted loss per share for the period was HK$1.38, compared to HK$1.25 in the previous year, indicating a worsening loss per share[12] - The Group incurred finance costs of HK$300,000 during the period, which was not present in the previous year[8] - Other income decreased to HK$2,475 from HK$14,467 in the same period of 2018, showing a decline of 82.9%[8] - The operating expenses increased to HK$6,150,778 from HK$5,353,060, representing a rise of 14.8% year-on-year[8] - The Group's accumulated losses increased to HK$85,503,633 as of 31 March 2019, compared to HK$79,551,848 at the beginning of the year[13] Discontinued Operations - The Group's loss for discontinued operations was HK$30,909, a significant reduction from HK$1,353,888 in the previous year, indicating improved performance in this segment[9] - The Group disposed of its 51% equity interest in Qihui Group (International) Limited in April 2019, classifying it as a discontinued operation[33] - The Group completed the disposal of 51% equity interest in Qihui Group (International) Limited, resulting in the discontinuation of the mobile apps business[48] Equity and Share Information - The Group's total equity as of 31 March 2019 was HK$21,987,362, down from HK$27,464,806 at the beginning of the year[13] - The Group's non-controlling interest decreased to HK$3,232,190 as of 31 March 2019, compared to HK$2,622,092 at the beginning of the year[13] - As of March 31, 2019, the company had a total of 432,000,000 shares issued[75] - Mr. Tang Yau Sing holds an interest in 194,662,700 shares, representing 45.06% of the company's shareholding[70] - The company granted a total of 148,800,000 share options under its share option scheme, which were consolidated to 7,440,000 options following a share consolidation approved on February 19, 2019[65] - The share options held by directors as of March 31, 2019, totaled 360,000 for each of the directors listed, with an exercise price of HK$1.3 per share[77] - The company completed a share consolidation on February 20, 2019, consolidating every twenty existing shares into one share[78] - Shareholder Value Fund and CM Asset Management each hold 128,440,800 shares, representing approximately 29.73% of the Company's shares[86] - Noble Gate holds 194,662,700 shares, accounting for 45.06% of the Company's shares[86] - GF Securities (Hong Kong) Brokerage Limited and its affiliates have a combined interest in 341,103,500 shares, representing 78.96% of the Company's shares[87] Compliance and Governance - The Group's financial results were prepared in accordance with Hong Kong Financial Reporting Standards (HKFRS) and GEM Listing Rules[16] - The Audit Committee reviewed the unaudited consolidated financial results for the three months ended March 31, 2019, prior to Board approval[98] - The consolidated financial results for the period have not been audited by the Company's auditor[100] - There were no competing business interests reported by Directors or controlling shareholders during the three months ended March 31, 2019[93] - No other persons had any interest or short position in the shares of the Company that required disclosure as of March 31, 2019[90] Dividends - No dividend has been paid or proposed by the Group for the three months ended March 31, 2019[37]

Financial Performance - The Group recorded a total revenue of approximately HK$17,000,000 for FY2018, representing a decrease of approximately 43% from HK$29,734,000 in FY2017[21] - The Group's total gross profit increased to HK$3,622,000 for FY2018, up approximately 22% from HK$2,976,000 in FY2017[21] - The net loss for the Group increased to approximately HK$38,681,000 in FY2018 from HK$16,977,000 in FY2017[21] - Loss per share for the Group was approximately HK0.43 cents for FY2018[21] - Total revenue decreased by approximately 43% from approximately HK$29,734,000 in 2017 to approximately HK$17,000,000 in 2018[40] - Revenue from the exhibition and trade show business amounted to HK$13,475,000, representing 79% of the total revenue[41] - Revenue from the magazines and advertising business decreased by approximately 94% to HK$1,311,000 due to the shrinking print media market[30] - Revenue from mobile apps development decreased by approximately 74% to HK$2,215,000[31] - Gross profit from the exhibition and trade show business was HK$4,318,000, while the magazines and advertising business incurred a gross loss of HK$953,000[44] - The Group's loss attributable to owners increased to approximately HK$37,464,000 for the year ended 31 December 2018, up from HK$21,241,000 in 2017, primarily due to increased operating expenses and impairment losses on trade and loan receivables[64] Business Acquisitions and Strategies - The Group acquired an exhibition and trade show business in March 2018, contributing to the increase in gross profit[14] - Subsequent to year-end, the Group entered into an agreement to acquire an associate engaged in online advertising and gaming, aimed at enriching investment portfolios[15] - The Group acquired 67% of the issued share capital of TBC to expand its exhibition and trade show business[23] - The Group acquired a 67% equity interest in to be Concepts Limited for HK$3.1 million in March 2018, aimed at broadening revenue sources[88] - The Group acquired 67% equity interest in Du Bi Planning Limited for HK$3,100,000 in March 2018, which is expected to expand the Group's revenue sources[94] - The Group aims to explore suitable business opportunities to maximize returns for shareholders and investors[15] - The Group plans to proactively identify new business opportunities to broaden its existing businesses and enhance growth[32] Operating Expenses and Financial Health - Operating expenses increased by approximately 57% from HK$20,267,000 in 2017 to HK$31,856,000 in 2018, primarily due to share options and increased staff costs[51] - Operating expenses rose by approximately 57% from HK$20,267,000 in 2017 to HK$31,856,000 in 2018, driven by stock options granted to consultants and increased employee costs[57] - Finance costs decreased significantly to approximately HK$121,000 in 2018 from HK$2,202,000 in 2017, mainly due to the absence of imputed interest on promissory notes[54] - The Group recognized an impairment loss of HK$9,627,000 on loan receivables as of 31 December 2018[53] - The current ratio dropped to approximately 1.1 times as of 31 December 2018, compared to 7.9 times in 2017, indicating a decline in liquidity[70] - Cash and cash equivalents decreased to approximately HK$10,687,000 in 2018 from HK$41,955,000 in 2017[71] - The gearing ratio increased to approximately 52% as of 31 December 2018, compared to 0% in 2017, reflecting a rise in total borrowings[75] - Trade receivables decreased from approximately HK$3,658,000 in 2017 to approximately HK$2,359,000 in 2018, but the trade receivable turnover days increased from approximately 45 days to 51 days[76] Dividend and Reserves - The Directors do not recommend the payment of a final dividend for FY2018[21] - The Group's reserves available for distribution to shareholders as of December 31, 2018, amounted to approximately HK$10,059,872[187] - As of December 31, 2018, the distributable reserves available to shareholders were approximately HKD 10,059,872[193] Risk Management and Internal Controls - The Group's credit risk concentration was 24% from the largest customer and 73% from the largest five customers as of the reporting period[120] - The group has implemented a credit policy to monitor credit risks associated with trade and other receivables[124] - The credit risk is primarily influenced by the individual characteristics of customers, with lower impact from the default risk of the industries in which they operate[124] - The management regularly assesses the financial status of major customers to mitigate credit risks[124] - The company does not require collateral for its financial assets[124] - The management believes that the concentrated credit risk will not pose significant default risk to the group[124] - The Group's liquidity policy involves regular monitoring of liquidity requirements to maintain sufficient cash and funding lines[122] - The Group's risk management framework includes risk identification, assessment, treatment, and monitoring[102] - The group has a policy of regularly monitoring current and expected working capital requirements[126] Corporate Governance and Management - Mr. Tse has over 25 years of experience in auditing, accounting, and finance, having worked in various international accounting firms and listed companies[152] - Mr. Tse served as Chief Financial Officer and Company Secretary of Vinda International Holdings Limited from April 2007 to September 2013[149] - Mr. Tse is currently an executive director and Chief Financial Officer of China Information Technology Development Limited, listed on GEM[153] - Mr. Tse was an independent non-executive director of Sunac China Holdings Limited from December 2012 to December 2017, which faced censure for misleading announcements[158] - During his tenure at Greens Holdings Ltd., the company filed for winding up due to inability to repay debts[157] - Mr. Tse confirmed no wrongful acts on his part leading to the winding up petitions during his directorship at Greens[157] - Mr. Tse is a fellow member of the Association of Chartered Certified Accountants in the UK and a member of the Hong Kong Institute of Certified Public Accountants[152] - Mr. Tse has been involved in significant corporate financing transactions, including IPOs and mergers[149] - Mr. Tse's current roles include serving as an independent non-executive director for several companies listed on the Stock Exchange[155] - Mr. Tse graduated with a bachelor's degree in social sciences from the University of Hong Kong in December 1989[152] Environmental, Social, and Governance (ESG) Initiatives - The Group's business operations focused on minimizing environmental damage and ensuring employee wellbeing, with no recorded non-compliance in environmental and social aspects[176] - Stakeholder engagement raised concerns on key issues including employee health and safety, labor standards, intellectual property rights, customer data protection, and anti-corruption[176] - The Group will publish an Environmental, Social and Governance Report within three months after the annual report, detailing compliance with relevant laws and regulations[177] - The Group's continuous efforts in business operations aim to reduce environmental impact and enhance governance management[176] Summary and Reporting - The Board is pleased to present the audited consolidated financial statements for the year ended December 31, 2018[173] - The summary of the Group's results, assets, and liabilities for the last five financial years is provided on page 176 of the annual report[184] - The Group's management discussion and analysis includes an analysis of performance using key financial performance indicators[175] - Sales to the Group's five largest customers accounted for approximately 52% of total sales for the year, with the largest customer contributing about 25%[199] - Purchases from the Group's five largest suppliers represented approximately 54% of total purchases for the year, with the largest supplier accounting for about 19%[199]