第記 & YING KEE TEA HOUSE YING KEE TEA HOUSE GROUP LIMITED 英記茶莊集團有限公司 （於香港註冊成立的有限公司） 股份代號 : 8241 2020/2021中期報告 英記茶莊集團有限公司 2020/2021中期業績報告 目錄 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，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 資者應了解投資該等公司的潛在風險，並應經過審慎周詳考慮後方可作出投資決定。 2 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣的證券承受較高的市場波 動風險，且無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確 表示概不會就本報告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 英記茶莊集團有限公司（「本公司」）董事（「董事」）願共同及個別對本報告承擔全部責任。本報告乃遵照GEM證券上 市規則（「GEM上市規則」）的規定而提供有關本公司的資 ...

Financial Performance - The group's consolidated revenue for the three months ended June 30, 2020, was approximately HKD 6.2 million, a decrease of about 27.0% compared to HKD 8.5 million in 2019[7] - Gross profit for the same period was approximately HKD 4.9 million, down about 24.2% from HKD 6.4 million in 2019, with a gross profit margin of approximately 78.5%, slightly up from 75.6% in the previous year[7] - The net loss for the reporting period was approximately HKD 3.2 million, compared to a net loss of approximately HKD 3.0 million in 2019[7] - For the three months ended June 30, 2020, the company reported total revenue of HKD 6,222,000 and a gross profit of HKD 4,883,000[61] - The company incurred a loss before tax of HKD 3,193,000 for the same period, resulting in a loss per share of HKD 0.89[61] - As of June 30, 2020, the total equity of the company was HKD (17,134,000), reflecting an increase in accumulated losses[62] - The company reported a loss attributable to equity holders of HKD 3,193,000 for the three months ended June 30, 2020, compared to a loss of HKD 3,047,000 in the same period of 2019, indicating an increase in loss of approximately 4.8% year-over-year[88] Revenue Breakdown - Revenue from tea products for the three months ended June 30, 2020, was HKD 6,090,000, a decrease of 26.5% compared to HKD 8,300,000 for the same period in 2019[76] - Revenue from food and beverage retail for the same period was HKD 132,000, down 41.1% from HKD 224,000 in 2019[76] - Total revenue for the group for the three months ended June 30, 2020, was HKD 6,222,000, a decline of 27.0% from HKD 8,524,000 in 2019[76] - Other income for the period included government subsidies of HKD 1,055,000 received under the "Anti-epidemic Fund" during the COVID-19 outbreak[77] Expenses and Costs - Selling and distribution costs decreased by approximately 38.4% to about HKD 0.2 million, primarily due to reduced advertising expenses[8] - Administrative expenses decreased from approximately HKD 9.2 million for the three months ended June 30, 2019, to about HKD 7.9 million, a reduction of about 14.2%[12] - The cost of inventories recognized as an expense for the period was HKD 1,065,000, down 39.5% from HKD 1,764,000 in 2019[81] - Depreciation of property, plant, and equipment for the period was HKD 1,130,000, significantly higher than HKD 194,000 in the same period last year[81] Cash and Capital Management - Cash and bank balances were approximately HKD 5.7 million as of June 30, 2020, a decrease of about HKD 0.1 million or 1.5% from HKD 5.8 million on March 31, 2020[14] - Capital expenditure for the three months ended June 30, 2020, was approximately HKD 6,300, primarily for upgrading office equipment[17] - The group intends to allocate more unutilized funds for general working capital to respond flexibly to uncertainties in the retail market[19] Dividends and Shareholder Information - The board has resolved not to declare any interim dividend for the three months ended June 30, 2020[18] - The board does not recommend the payment of any dividend for the three months ended June 30, 2020[87] - As of June 30, 2020, the directors and senior management held a total of 270,000,000 shares, representing 75% ownership in the company[31] - The company’s shareholding structure indicates that the major shareholders collectively own 75% of the issued share capital through Profit Ocean Enterprises Limited[40] Compliance and Governance - The company has adopted a set of code of conduct for securities trading by directors, confirming compliance with the standards set forth in GEM Listing Rules from April 1, 2020, to June 30, 2020[25] - The audit committee reviewed the financial results for the quarter and confirmed compliance with applicable accounting standards[53] - The company appointed a compliance advisor on April 1, 2020, to ensure adherence to GEM listing rules[56] - There were no significant related party transactions reported for the three months ended June 30, 2020[51] Strategic Outlook - The group plans to adopt a cautious approach in opening new stores and counters, aiming to maximize the contribution profit from existing locations due to the uncertain economic environment[13] - The company’s management discussed the performance and outlook during the earnings call, emphasizing the need for strategic adjustments in response to market conditions[45] Share Options and Securities - The share option scheme aims to incentivize selected participants, including full-time employees and directors, with a total of 10,200,000 options granted during the period[27] - The total number of options exercised during the period was 32,300,000, with a remaining balance of 31,550,000 options as of June 30, 2020[30] - The share option plan was conditionally approved on March 14, 2018, and further details are available in the prospectus[27] - No additional interests or holdings were reported by directors or senior executives beyond those already disclosed[39] - The company has not disclosed any new products or technologies in the recent reports[28] - There are no significant market expansion or acquisition strategies mentioned in the current financial reports[28] - The company did not provide any financial assistance or guarantees to any controlling shareholders during the three months ended June 30, 2020[52] - The company has not pledged any shares to any contracting parties as of June 30, 2020[50]

YING KEE TEA HOUSE GROUP LIMITED 英記茶莊集團有限公司 （於香港註冊成立的有限公司） 股份代號 : 8241 | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------| | | | | | | | | | | | | 香港聯合交易所有限公司（「聯交所」）GEM 之特色 GEM的定位，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。有意投資者應了解投資該等公司的潛在風 險，並應經過審慎周詳考慮後方可作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交 所主板買賣的證券承受較高的市場波動風險，且無法保證在GEM買賣的證 券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本報告全部或任何部分內 容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 英記茶莊集團有限公司（「本公司」）董事（「董事」）願共同及個別對本報告 承擔全部責任。本報告乃遵照G ...

YING KEE TEA HOUSE GROUP LIMITED 英記茶莊集團有限公司 （於香港註冊成立的有限公司） 股份代號 : 8241 2019/2020 第三季度業績報告 香港聯合交易所有限公司（「聯交所」）GEM（「GEM」）的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市 的公司帶有較高投資風險。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。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之 證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，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報告全部或任何部分內容而產生或因倚賴該等內容 而引致的任何損失承擔任何責任。 本報告的資料乃遵照GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關英記茶 莊集團有限公司（「本公司」）的資料；本公司董事（「董事」）願就本報告的資料共同及個別 地承擔全部責任。董事在作出一切合理查詢後，確認就其所知及所信 ...

Financial Performance - Revenue for the six months ended September 30, 2019, was HKD 15,997,000, a decrease of 6% compared to HKD 17,000,000 for the same period in 2018[7] - Gross profit for the six months ended September 30, 2019, was HKD 12,183,000, representing a gross margin of approximately 76.3%[7] - The company reported a loss before tax of HKD 6,251,000 for the six months ended September 30, 2019, compared to a loss of HKD 1,637,000 for the same period in 2018[7] - Basic and diluted loss per share for the six months ended September 30, 2019, was HKD 1.72, compared to HKD 0.26 for the same period in 2018[7] - The company reported a net loss before tax of HKD 3,204,000 for the three months ended September 30, 2019, compared to a loss of HKD 925,000 for the same period in 2018[43] - For the six months ended September 30, 2019, the company reported a loss attributable to equity holders of HKD 6,251,000, compared to a loss of HKD 5,219,000 for the same period in 2018, representing an increase in loss of approximately 19.8%[43] - The group reported a significant loss of approximately HKD 6.251 million for the period, compared to a loss of HKD 5.219 million in the previous year[73] Assets and Liabilities - Total assets as of September 30, 2019, were HKD 32,982,000, a decrease from HKD 39,207,000 as of March 31, 2019[8] - The company's cash and bank balances decreased to HKD 2,788,000 as of September 30, 2019, from HKD 10,172,000 as of March 31, 2019[8] - Trade receivables as of September 30, 2019, amounted to HKD 704,000, down 50.7% from HKD 1,429,000 as of March 31, 2019[49] - The total lease liabilities as of September 30, 2019, were HKD 2,096,000, with HKD 1,043,000 due within one year[53] - The group had a total minimum lease payment obligation of HKD 6.694 million due within one year as of September 30, 2019, compared to HKD 3.939 million as of March 31, 2019[61] - The debt-to-equity ratio as of September 30, 2019, was approximately 15.5%, an increase from 7.8% as of March 31, 2019, due to increased accrued expenses and decreased retained earnings[83] Revenue Sources - Tea product sales for the six months ended September 30, 2019, amounted to HKD 15,508,000, a decrease of 9% compared to HKD 17,022,000 for the same period in 2018[25] - Retail sales of food and beverages reached HKD 489,000 for the six months ended September 30, 2019, with no sales reported in the same period of 2018[25] - Total revenue for the six months ended September 30, 2019, was HKD 15,997,000, down from HKD 17,022,000 in the previous year, representing a decline of approximately 6%[25] Expenses - The company incurred administrative expenses of HKD 18,169,000 for the six months ended September 30, 2019, up from HKD 6,962,000 for the same period in 2018[7] - Administrative expenses for the six months ended September 30, 2019, increased significantly compared to the same period in 2018, primarily due to new staff hiring and increased rental costs[78] - Total employee costs for the six months ended September 30, 2019, were approximately HKD 7.1 million, up from HKD 6.7 million for the same period in 2018[89] Market Conditions - The company experienced a decline in retail sales due to ongoing social unrest, with sales in July, August, and September dropping by 11.4%, 23.0%, and 18.3% year-on-year, respectively[74] - The group anticipates negative growth for the remainder of 2019 due to widespread protests affecting the Hong Kong economy[81] - The company's management discussed the impact of the ongoing social events on revenue contraction and increased administrative expenses, contributing to the reported losses[76] Future Outlook - The company has not provided specific guidance for future performance but indicated a focus on improving operational efficiency and exploring new market opportunities[12] - The company has sufficient cash to meet current business needs and obligations, but will adopt prudent cash management strategies if revenue continues to decline[81] Shareholder Information - The company has a significant shareholder structure, with Profit Ocean Enterprises Limited holding 270,000,000 shares, representing 75% of the total issued shares[114] - The major shareholders, including Tri-Luck, Wealth City, Tianjing, and Coastal Lion, each hold 25% of Profit Ocean's issued share capital[112] - The beneficial ownership of the shares is concentrated among four individuals: Chen Da Yuan, Chen Gen Yuan, Chen Shu Yuan, and Chen Guang Yuan, each holding 270,000,000 shares[114] - The company has not pledged any shares to any contracting parties, and there are no covenants restricting specific performance conditions that could lead to a breach of loan agreements[120] Compliance and Governance - The audit committee was established on March 14, 2018, and consists of three independent non-executive directors, with responsibilities including reviewing financial reporting and risk management[128] - The company has a clear governance structure in place, ensuring compliance with GEM listing rules and internal controls[128] - The company maintains compliance with the Securities and Futures Ordinance regarding the disclosure of interests and positions in shares[120]

Financial Performance - Revenue for the three months ended June 30, 2019, was HKD 8,524,000, a decrease of 6.2% compared to HKD 9,085,000 for the same period in 2018[4] - Gross profit for the same period was HKD 6,446,000, down 10.2% from HKD 7,178,000 year-over-year[4] - The company reported a loss before tax of HKD 3,047,000, an improvement from a loss of HKD 4,286,000 in the previous year, indicating a 29% reduction in losses[4] - Basic and diluted loss per share was HKD 0.85, compared to HKD 1.23 for the same period in 2018, reflecting a 30.9% improvement[4] - The group's consolidated revenue for the three months ended June 30, 2019, was approximately HKD 8.5 million, a decrease of about 6.2% compared to HKD 9.1 million in 2018[25] - Gross profit for the same period was approximately HKD 6.4 million, down about 10.2% from HKD 7.2 million in 2018, with a gross margin of approximately 75.6% compared to 79.0% in the previous year[25] - The net loss for the period was approximately HKD 3.0 million, compared to a net loss of HKD 4.3 million in the same period last year[25] - Sales of limited edition aged Pu-erh tea cakes significantly declined by approximately HKD 1.6 million, contributing to the overall decrease in revenue[25] Administrative Expenses - Administrative expenses decreased to HKD 9,216,000 from HKD 11,084,000, representing a reduction of 16.9%[4] - Administrative expenses increased due to new advertising campaigns, new lease agreements, and higher costs associated with IT system maintenance[26] Shareholder Information - As of June 30, 2019, the company has 270,000,000 shares held by Profit Ocean Enterprises Limited, representing 75% of the total issued shares[34] - The major shareholders, including Tri-Luck, Wealth City, Tianjing, and Coastal Lion, each hold 25% of Profit Ocean, which is fully owned by the respective individuals[40] - No other individuals, apart from the disclosed directors and major shareholders, hold any interests in the company's shares as of June 30, 2019[41] - The directors and senior management collectively own 270,000,000 shares, each holding 75% in the controlled corporation[34] - The company has no record of any interests or positions held by directors or senior management in the company's shares beyond what has been disclosed[41] - The compliance advisor has confirmed no interests in the company that need to be disclosed under GEM listing rules as of June 30, 2019[45] - The company has established a consistent action arrangement among its major shareholders regarding the shares held in Profit Ocean[35] Compliance and Governance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance and accuracy[10] - The company has appointed KGI Asia Limited as its compliance advisor to ensure adherence to GEM listing rules[45] - The Audit Committee was established on March 14, 2018, in compliance with GEM listing rules, consisting of three independent non-executive directors[47] - The Audit Committee reviewed the unaudited condensed consolidated results for the three months ended June 30, 2019, confirming compliance with applicable accounting standards and GEM listing rules[47] Market and Strategic Outlook - The company continues to operate in the retail business of Chinese tea and related products, with no significant changes in strategy noted[9] - The company remains cautious about opening new stores and counters, aiming to maximize the contribution profit from existing locations[27] - The economic environment remains uncertain, with a GDP growth of only 0.6% year-on-year in the second quarter of 2019, leading to a decrease in consumer spending[27] - There are no indications of market expansion or acquisitions mentioned in the report[4] - The company has not reported any new product launches or technological advancements during this quarter[4] Dividends - The company did not declare any interim dividend for the three months ended June 30, 2019, consistent with the previous year[20] - No interim dividend was declared for the three months ended June 30, 2019, consistent with the previous year[46] Events After Reporting Period - No significant events occurred after the reporting period that would impact the group's performance for the three months ended June 30, 2019[28] Share Pledges and Conflicts - There were no pledges of shares by the controlling shareholders to any contracting parties as of June 30, 2019[42] - The directors are not aware of any competing businesses or interests that may conflict with the company's operations as of June 30, 2019[43]

YING KEE TEA HOUSE GROUP LIMITED 英記茶莊集團有限公 司 ANNUAL REPORT 2019 年報 ANNUAL REPORT 2019 YING KEE TEA HOUSE GROUP LIMITED 英記茶莊集團有限公司 YING KEE TEA HOUSE GROUP LIMITED 英記茶莊集團有限公司 （於香港註冊成立的有限公司） 股份代號 : 8241 (Incorporated in Hong Kong with limited liability) Stock code : 8241 年報 2019 | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------- ...

Financial Performance - The group's consolidated revenue for the nine months ended December 31, 2018, was approximately HKD 34.7 million, representing a growth of about 3.9% compared to HKD 33.4 million for the same period in 2017[7]. - Gross profit for the same period was approximately HKD 27.2 million, an increase of about 3.0%, with a gross profit margin of approximately 78.5%, slightly down from 79.0% in the previous year[7]. - The net loss for the period was approximately HKD 1.4 million, an improvement from a net loss of HKD 1.9 million in the same period of 2017, primarily due to non-recurring listing expenses of approximately HKD 4.0 million[7]. - For the nine months ended December 31, 2018, the company's revenue was HKD 34,701,000, an increase of 3.83% compared to HKD 33,417,000 for the same period in 2017[50]. - The gross profit for the nine months ended December 31, 2018, was HKD 27,237,000, representing a gross margin of 78.5%[50]. - The net loss for the nine months ended December 31, 2018, was HKD 1,353,000, compared to a net loss of HKD 1,900,000 for the same period in 2017, indicating an improvement[50]. - Basic and diluted loss per share for the nine months ended December 31, 2018, was HKD 0.38, compared to HKD 0.70 for the same period in 2017[50]. - The pre-tax profit for the nine months ended December 31, 2018, was a loss of HKD 1,353,000, compared to a loss of HKD 1,900,000 for the same period in 2017[68]. Expenses and Costs - Administrative expenses increased significantly due to new hires and ongoing listing maintenance costs, impacting net profit when excluding listing costs[9][11]. - The company's operating lease expenses for the nine months ended December 31, 2018, included minimum lease payments of HKD 6,489,000, up from HKD 5,931,000 in the same period of 2017[63]. - The income tax expense for the nine months ended December 31, 2018, was HKD 934,000, compared to HKD 1,472,000 for the same period in 2017[65]. - The cost of goods sold for the nine months ended December 31, 2018, was HKD 6,471,000, an increase from HKD 6,197,000 in the same period of 2017[63]. - The auditor's remuneration for the nine months ended December 31, 2018, was HKD 245,000, significantly higher than HKD 30,000 for the same period in 2017[63]. - The company incurred listing expenses of HKD 4,000,000 for the nine months ended December 31, 2018, down from HKD 9,212,000 in the same period of 2017[63]. Assets and Liabilities - As of December 31, 2018, the group's current assets net value was approximately HKD 40.2 million, a significant increase of about 5,642.9% from HKD 0.7 million on March 31, 2018[15]. - Cash and bank balances increased to approximately HKD 29.8 million, up about 751.4% from HKD 3.5 million on March 31, 2018, primarily due to funds received from the IPO[15]. - The debt-to-equity ratio improved to 7.4% as of December 31, 2018, down from approximately 760.7% on March 31, 2018, following the repayment of bank loans and issuance of new shares[16]. - The total equity as of December 31, 2018, was HKD 42,631,000, an increase from HKD 3,390,000 as of December 31, 2017[51]. - As of December 31, 2018, the group had no significant contingent liabilities[26]. - As of December 31, 2018, the group had no assets pledged as collateral[27]. Corporate Governance and Management - The group maintained high standards of corporate governance and complied with the GEM Listing Rules during the reporting period[29]. - The board of directors did not recommend the distribution of dividends for the nine months ended December 31, 2018, compared to HKD 2.0 million for the same period in 2017[25]. - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2018[31]. - The company did not grant any financial assistance or guarantees to any controlling shareholders during the nine months ended December 31, 2018[43]. - The company has adopted a board diversity policy for the nomination and appointment of new directors, considering various diversity aspects[44]. - The audit committee reviewed the financial results for the nine months ended December 31, 2018, and confirmed compliance with applicable accounting standards[46]. - The company has appointed KGI Asia Limited as its compliance advisor, with no interests reported in the company's equity as of December 31, 2018[47]. - The company was listed on the GEM of the Hong Kong Stock Exchange on April 16, 2018, following a restructuring process[54]. Employee and Training - As of December 31, 2018, the total employee cost for the group was approximately HKD 10.8 million, an increase of 44% compared to HKD 7.5 million for the same period in 2017[24]. - The group provided various training programs for employees to enhance their skills[24]. Business Development - The group opened two new counters in shopping malls, contributing to expected steady business growth despite potential economic uncertainties due to the ongoing US-China trade tensions[14]. - Tea product sales for the nine months ended December 31, 2018, reached HKD 34,701,000, an increase of 3.83% compared to HKD 33,417,000 for the same period in 2017[60]. - Capital expenditures for the nine months ended December 31, 2018, were approximately HKD 2.0 million, mainly for the furniture and fixtures of the new counters[17]. Shareholding Structure - As of December 31, 2018, the directors and senior management held a total of 270,000,000 shares, representing 75% of the company's total shares[34]. - Profit Ocean Enterprises Limited, the major shareholder, held 270,000,000 shares, also representing 75% of the total shares[36]. Events and Contingencies - There were no significant events after the reporting period that would affect the group's performance for the nine months ended December 31, 2018[28].