[New Share Scheme (Adopted 2024)](index=1&type=section&id=New%20Share%20Scheme%20(Adopted%202024)) The company adopted a new share scheme on June 17, 2024, replacing the 2016 option plan, to incentivize and retain key personnel, with no grants made in FY2024 - The Board adopted the New Share Scheme on June 17, 2024, replacing the Old Share Option Scheme adopted on March 9, 2016[4](index=4&type=chunk) - No share options or awards were granted under the New Share Scheme during the FY2024 period (from adoption date to June 30)[5](index=5&type=chunk) [Purpose and Eligibility](index=1&type=section&id=Purpose%20and%20Eligibility) - The scheme aims to provide selected participants with an opportunity to hold personal equity in the company, incentivizing performance improvement and attracting and retaining talent crucial for the Group's long-term growth[6](index=6&type=chunk) - Eligible persons include directors (including executive, non-executive, and independent non-executive directors), senior officers, and employees of any member company within the Group[7](index=7&type=chunk) [Total Shares Issuable and Individual Limits](index=2&type=section&id=Total%20Shares%20Issuable%20and%20Individual%20Limits) Share Scheme Limits | Item | Details | | :--- | :--- | | **Total Scheme Limit** | 79,594,000 shares (**10% of issued share capital**) | | **Individual Annual Limit** | Not exceeding **1% of issued share capital** in any 12-month period (unless approved by shareholders) | | **Authorization for Specific Persons** | Awards to directors, chief executives, substantial shareholders, or independent non-executive directors exceeding **0.1% of issued shares** require prior shareholder approval | [Key Terms](index=3&type=section&id=Key%20Terms) New Share Scheme Key Terms | Term | Provision | | :--- | :--- | | **Share Option Exercise Period** | Not exceeding **10 years** from the grant date | | **Award Vesting Period** | Not less than **12 months** from the grant date (Board may shorten at its discretion) | | **Acceptance Period** | Within **28 days** from the grant date (unless otherwise specified in the award letter) | | **Share Option Exercise Price** | Not less than the highest of the closing price on the grant date, the average closing price for the five preceding business days, and the nominal value of the shares | | **Share Award Purchase Price** | Determined by the Board, may be zero | [Old Share Option Scheme (Adopted 2016)](index=4&type=section&id=Old%20Share%20Option%20Scheme%20(Adopted%202016)) The 2016 Old Share Option Scheme saw no new grants or exercises in FY2024, with all 16.8 million previously granted options lapsing by year-end [FY2024 Share Option Movements](index=4&type=section&id=FY2024%20Share%20Option%20Movements) FY2024 Share Option Movement Details | Grantee Category | Outstanding as of July 1, 2023 | Lapsed in FY2024 | Outstanding as of June 30, 2024 | | :--- | :--- | :--- | :--- | | Directors | 15,800,000 | (15,800,000) | – | | Eligible Employees | 1,000,000 | (1,000,000) | – | | **Total** | **16,800,000** | **(16,800,000)** | **–** | - All share options granted on December 3, 2018, lapsed during FY2024, primarily due to the exercise period expiring on December 2, 2023[17](index=17&type=chunk) - Former Executive Director Mr. Gao Junxi's outstanding share options lapsed in accordance with the scheme due to his resignation on November 29, 2023[18](index=18&type=chunk) [Key Terms](index=5&type=section&id=Key%20Terms) Old Share Option Scheme Key Terms | Term | Provision | | :--- | :--- | | **Exercise Period** | Not later than **10 years** from the grant date | | **Vesting Period** | No minimum vesting period clause | | **Acceptance Payment** | Grantees must pay **HK$1** as acceptance consideration | [Remuneration Committee Review](index=5&type=section&id=Remuneration%20Committee%20Review) The Remuneration Committee reviewed and approved the new share scheme, finding it compliant with GEM Listing Rules and beneficial for business development and talent incentives - During FY2024, the Board's Remuneration Committee reviewed and approved the adoption of the New Share Scheme[22](index=22&type=chunk) - The Committee believes the New Scheme's key terms comply with Chapter 23 of the GEM Listing Rules, align with the Board's corporate policy, benefit the Group's business development, and provide flexible and proportionate remuneration for directors, senior management, and employees[22](index=22&type=chunk)

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年7月31日 | | | | 狀態: 新提交 | | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | 公司名稱: | 宏強控股有限公司 | | | | | | 呈交日期: | 2025年8月1日 | | | | | | I. 法定/註冊股本變動 | | | | | | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | 是 | FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08262 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | ...

Financial Performance - Revenue for the six months ended December 31, 2024, was HKD 46,244,000, representing a 50.2% increase from HKD 30,804,000 for the same period in 2023[6]. - Gross profit for the same period was HKD 2,752,000, up 49.8% from HKD 1,839,000 in the previous year[6]. - The operating loss decreased slightly to HKD 7,301,000 from HKD 7,461,000 year-on-year, indicating improved operational efficiency[6]. - The loss before tax was HKD 6,968,000, a significant reduction from HKD 16,546,000 in the prior period, reflecting a 58.1% improvement[6]. - Basic and diluted loss per share improved to HKD 0.88 from HKD 2.08, marking a 57.7% reduction in loss per share[6]. - The company reported a net loss attributable to owners of the company of HKD 6,968,000, down from HKD 16,543,000 in the previous period, reflecting improved financial health[8]. - The loss attributable to owners for the six months ended December 31, 2024, was approximately HKD 7.0 million, a decrease from about HKD 16.5 million for the same period in 2023[49]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the period increased to HKD 18,935,000 from HKD 17,085,000, showing a positive cash flow trend[10]. - Net cash used in operating activities was HKD 11,507,000, compared to HKD 225,000 in the previous year, indicating increased operational cash outflow[10]. - As of December 31, 2024, the group maintained a strong liquidity position with cash and bank balances of approximately HKD 18.9 million, up from HKD 17.1 million as of June 30, 2024[51]. - The current ratio improved to approximately 2.5 times as of December 31, 2024, compared to 1.9 times as of June 30, 2024[51]. - The group had no outstanding interest-bearing borrowings as of December 31, 2024, resulting in a debt-to-equity ratio of zero[52]. Operational Highlights - The company continues to focus on property construction services in Hong Kong, aiming for market expansion and operational improvements[13]. - The group submitted 17 construction project bids valued at approximately HKD 751.8 million during the reporting period[41]. - Revenue from major customers showed fluctuations, with Customer A contributing HKD 4,995,000 in 2024, up from HKD 373,000 in 2023, while Customer E generated HKD 34,315,000, which was not present in the previous year[21]. Expenses and Costs - Total employee costs increased to HKD 8,759,000 in the first half of 2024 from HKD 8,107,000 in the same period of 2023, reflecting a rise in operational expenses[24]. - Direct costs rose by approximately 50.0% from about HKD 29.0 million to about HKD 43.5 million during the same periods[45]. - Administrative expenses slightly increased by approximately 2.0% from about HKD 10.0 million to about HKD 10.2 million[47]. - The employee costs for the six months ended December 31, 2024, amounted to approximately HKD 8.8 million, an increase from HKD 8.1 million for the same period in 2023[66]. Assets and Liabilities - Total assets decreased to HKD 139,042,000 from HKD 136,462,000, while total liabilities also decreased, leading to a stable asset-liability ratio[7]. - The total assets as of December 31, 2024, were approximately HKD 101.9 million, down from HKD 136.5 million as of June 30, 2024[51]. - Trade receivables aged 0 to 30 days amounted to HKD 13,062,000 as of December 31, 2024, down from HKD 28,290,000 as of June 30, 2024, suggesting a reduction in short-term receivables[30]. - The group’s total assets related to property, plant, and equipment remained stable at HKD 6,058,000 as of December 31, 2024, with no new acquisitions reported during the period[29]. Dividends and Share Capital - The group did not declare an interim dividend for the six months ended December 31, 2024, consistent with the previous year[26]. - The company did not recommend the payment of an interim dividend for the six months ended December 31, 2024[81]. - As of December 31, 2024, the company's issued share capital is HKD 7,959,400, with a total of 795,940,000 shares issued at a par value of HKD 0.01 per share[58]. - The average number of shares outstanding for calculating basic and diluted loss per share remained unchanged at 795,940 shares for both periods[28]. - The company issued 127,350,000 ordinary shares at a price of HKD 0.019 per share, raising approximately HKD 2,400,000 for general working capital[84]. Legal and Contingent Liabilities - The company is involved in a legal case regarding overdue loans amounting to HKD 15 million, with a favorable court ruling received on July 19, 2023[62]. - The company has a contingent liability of approximately HKD 20 million in performance guarantees provided to third parties[65]. Investments and Acquisitions - The company agreed to acquire a 45% stake in Tianxiang Construction Group for a maximum consideration of HKD 4.5 million[68]. - The company has no significant investments or capital asset plans as of December 31, 2024[61]. - The company has no capital commitments as of December 31, 2024[59]. Risk Management - The company has no significant foreign exchange risk as all income-generating activities and borrowings are conducted in HKD[57]. - The group’s financing costs, specifically interest on lease liabilities, remained consistent at HKD 67,000 for both periods under review[23]. - The group did not incur any taxable profits during the reporting period, resulting in no income tax provision being made[25]. Ownership Structure - Best Brain holds a beneficial ownership of 250,000,000 shares, representing 31.41% of the total issued share capital as of December 31, 2024[74]. - Mr. Gao Junxi holds a beneficial ownership of 67,400,000 shares, representing 8.47% of the total issued share capital as of December 31, 2024[74]. Audit and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated results for the six months ended December 31, 2024, ensuring compliance with applicable accounting standards and GEM listing rules[87].

Market Challenges and Opportunities - The group faced significant challenges in the Chinese real estate market, particularly due to a slowdown in recovery and pressure from rising interest rates imposed by the US Federal Reserve[22]. - The construction industry is experiencing intense competition, leading to thinner profit margins for the group[22]. - The group will actively seek new business and investment opportunities, including potential acquisitions or strategic partnerships, to enhance long-term profitability[22]. - The group remains optimistic about the future, believing in its resilience to navigate the complex market environment[22]. - The group will continue to carefully evaluate projects to ensure a balance between risk and return in the challenging operating environment of the Hong Kong real estate market[22]. - The company continues to monitor the Chinese market for potential improvements, recognizing it as an important market opportunity[23]. Financial Performance - The company's revenue decreased by approximately 22.2% from about HKD 116,100,000 for the year ended June 30, 2023, to about HKD 90,300,000 for the year ending June 30, 2024[24]. - Direct costs decreased by approximately 27.1% from about HKD 110,100,000 for the year ended June 30, 2023, to about HKD 80,300,000 for the year ending June 30, 2024[25]. - Gross profit increased by approximately 66.7% from about HKD 6,000,000 for the year ended June 30, 2023, to about HKD 10,000,000 for the year ending June 30, 2024, with a gross margin increase from approximately 5.2% to 11.1%[26]. - Other losses increased by approximately 161.1% from about HKD 3,600,000 for the year ended June 30, 2023, to about HKD 9,400,000 for the year ending June 30, 2024, primarily due to increased litigation losses[28]. - The company's administrative expenses increased by approximately 22.0% from about HKD 18,200,000 for the year ended June 30, 2023, to about HKD 22,200,000 for the year ending June 30, 2024[30]. - As of June 30, 2024, the company maintained a strong liquidity position with cash and bank balances of approximately HKD 17,100,000, down from HKD 45,500,000 as of June 30, 2023[31]. - The company's total assets as of June 30, 2024, were approximately HKD 136,400,000, a decrease from about HKD 144,900,000 as of June 30, 2023[31]. - The company had no outstanding interest-bearing borrowings as of June 30, 2024, maintaining a debt-to-equity ratio of zero[32]. Governance and Management - The management team emphasizes the importance of corporate governance, adhering to GEM listing rules to ensure transparency and accountability[56]. - The company has implemented new training programs for management, aimed at improving leadership skills and operational effectiveness[58]. - The board of directors has established clear performance metrics to monitor management effectiveness and strategic execution[57]. - The company is committed to maintaining compliance with legal and regulatory requirements, ensuring robust governance practices[58]. - The board consists of seven directors, including four executive directors and three independent non-executive directors[59]. - The company held 12 board meetings during the fiscal year ending June 30, 2024[65]. - All three independent non-executive directors confirmed their independence as per GEM listing rules[64]. - The company appointed new directors on January 12, 2024, and April 12, 2024, enhancing its governance structure[61]. - The company has adopted the GEM listing rules regarding the code of conduct for directors trading in securities[68]. - The independent non-executive directors have signed appointment letters for a term of two years starting from their respective appointment dates[62]. - The attendance record for board meetings shows full participation from the chairman and other executive directors[65]. - The company has ensured compliance with GEM listing rules regarding the composition of the board and audit committee[61]. - The board's independent element is strong, with independent non-executive directors making up at least one-third of the board[64]. - The company has maintained a robust governance framework, ensuring all directors understand their responsibilities[61]. - The company has established a continuous professional development program for all directors to enhance their knowledge and skills, with all directors attending at least one training course related to good corporate governance practices by June 30, 2024[69]. Risk Management and Compliance - The company has established a risk management framework involving the board, audit committee, and dedicated risk management team to oversee various operational risks[88]. - The board has conducted an annual review of the effectiveness of the risk management and internal control systems, confirming their adequacy and effectiveness[88]. - The company is committed to ensuring that all announcements contain accurate and non-misleading information regarding significant facts[89]. - The board confirms that there are no uncertainties that may cast significant doubt on the company's ability to continue as a going concern for the year ending June 30, 2024[91]. - The company has established procedures for shareholders to request special general meetings, requiring at least 10% of the voting rights to initiate such a meeting[93]. - The company has established multiple communication channels with shareholders, including annual general meetings and various reports, to ensure transparency and engagement[97]. - The company has implemented internal controls to prevent and detect fraud, with all employees trained in anti-corruption policies[148]. - The company has established a whistleblowing policy for stakeholders to report any misconduct or violations[148]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to environmental sustainability, implementing measures to promote resource efficiency and reduce waste[50]. - The environmental, social, and governance (ESG) report complies with the GEM listing rules and emphasizes the importance of stakeholder engagement in the company's strategic planning[100]. - The company has a dedicated ESG team responsible for identifying, assessing, and managing ESG risks and issues, reporting regularly to the board[102]. - A stakeholder engagement process has been implemented, involving various methods such as surveys and meetings to gather input from employees, customers, investors, and suppliers[105]. - The company conducted a materiality assessment to identify significant ESG issues, utilizing stakeholder surveys to evaluate their relevance[106]. - The company is committed to sustainable development and has integrated ESG factors into its business decisions and daily operations[102]. - The board has overall responsibility for the company's green and sustainable development initiatives, supported by the ESG team[102]. - The company aims to reduce greenhouse gas emissions by 2% to 3% in the coming year[112]. - Total greenhouse gas emissions decreased from 33 metric tons CO2 equivalent in 2023 to 30 metric tons CO2 equivalent in 2024, a reduction of approximately 9.1%[116]. - The company successfully reduced construction waste by 2% in 2024 compared to the previous year[121]. - The company recycled 4.0 metric tons of paper, resulting in a reduction of 19.2 metric tons of greenhouse gas emissions[117]. - The company reported a total of 1,465 metric tons of construction waste in 2024, with a density of 47.26 metric tons per employee[118]. - Nitrogen oxides emissions remained stable at 0.40 kg in both 2023 and 2024[114]. - Sulfur oxides emissions decreased from 0.03 kg in 2023 to 0.02 kg in 2024, a reduction of approximately 33.3%[114]. - The company has not reported any significant violations of environmental laws and regulations during the reporting period[109]. - The company encourages employees to practice green driving and provides video conferencing facilities to reduce business travel emissions[112]. - The company has implemented measures to effectively manage wastewater discharge during construction projects[113]. - The company aims to reduce energy consumption by 2% to 3% in the coming year[125]. - Electricity consumption increased to 36,921 kWh in 2024, with a density of 1,191.00 kWh per employee, compared to 36,824 kWh and 1,022.89 kWh per employee in 2023[124]. - Gasoline consumption was 1,080 liters in 2024, with a density of 34.84 liters per employee, slightly down from 1,100 liters and 30.56 liters per employee in 2023[124]. - Water consumption increased by 2.74% in 2024, with a total of 375 cubic meters, compared to 365 cubic meters in 2023[125]. - The company has implemented a green management system to improve energy and resource efficiency and raise employee awareness[125]. Employee Management and Training - Employee turnover rate for males decreased to 9% in 2024 from 31% in 2023, while for females it increased to 21% from 7%[134]. - The company has 29 full-time employees and 2 part-time employees as of the end of the reporting period[131]. - The total number of trained employees in 2024 was 31, with a total training hours of 88[139]. - The percentage of trained employees remained at 100% for both 2024 and 2023[139]. - The average training hours per employee in 2024 was 3 hours, consistent with 2023[139]. - The company has implemented strict safety measures, with no significant violations of safety regulations reported in 2023[137]. - The company has a qualified safety personnel to monitor and implement safety plans[137]. - The company has committed resources to improve safety management and reduce risks on construction sites[137]. - The company emphasizes continuous employee training to enhance performance and loyalty[139]. Corporate Social Responsibility - The company is committed to corporate social responsibility, particularly in environmental protection and employee management[149]. - The company focuses on community investment, particularly in areas such as education, health, and environmental issues[158]. - The company donated approximately HKD 819,000 during the reporting period, compared to HKD 1,014,700 in 2023[149]. - The company has a zero-tolerance policy for child labor and forced labor, with no violations reported during the reporting period[140]. Shareholder and Financial Information - The company's distributable reserves amounted to approximately HKD 46,500,000 as of June 30, 2024[169]. - The company made charitable donations of approximately HKD 900,000 for the year ended June 30, 2024, compared to HKD 1,200,000 for the previous year[167]. - The total number of share options authorized under the 2024 Share Option Scheme was 79,594,000 as of June 30, 2024[171]. - Best Brain Investments Limited held 250,000,000 shares, representing 31.41% of the company's total issued share capital as of June 30, 2024[176]. - The company’s major shareholder, Gao Junxi, held 67,400,000 shares, accounting for 8.47% of the total issued share capital[176]. - The company has not reported any significant transactions, arrangements, or contracts involving directors or related entities as of June 30, 2024[185]. - There are no important contracts established with the controlling shareholder or its subsidiaries[186]. - The company has not purchased, sold, or redeemed any of its listed securities during the year ending June 30, 2024[191]. - At least 25% of the company's issued share capital is held by the public as of the report date[194]. - The consolidated financial statements for the year ending June 30, 2024, were audited by Zhonghui Anda CPA Limited[195]. Strategic Acquisitions and Future Outlook - A strategic acquisition of a local competitor is in progress, which is anticipated to add $50 million in annual revenue[54]. - The company has set a future outlook with a revenue target of $180 million for the next fiscal year, indicating a projected growth rate of 20%[54]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[54]. - New product development includes the launch of a cutting-edge construction management software, expected to enhance operational efficiency by 30%[54].

Financial Performance - Revenue for the six months ended December 31, 2023, was HKD 30,804,000, a decrease of 54.7% compared to HKD 67,910,000 for the same period in 2022[4] - Gross profit for the same period was HKD 1,839,000, down 4.1% from HKD 1,917,000 in 2022[4] - Operating loss increased to HKD 7,461,000 for the six months ended December 31, 2023, compared to a loss of HKD 8,491,000 in 2022[4] - The company reported a total comprehensive loss of HKD 16,546,000 for the six months ended December 31, 2023, compared to HKD 8,512,000 in 2022, reflecting a significant increase in losses[4] - The company reported a basic and diluted loss per share of HKD 2.08 for the six months ended December 31, 2023, compared to HKD 1.07 in 2022[4] - The loss attributable to owners of the company for the six months ended December 31, 2023, was approximately HKD 16,500,000, an increase from HKD 8,500,000 for the same period in 2022, attributed to reduced revenue and a litigation loss provision of HKD 9,300,000[52] Cash Flow and Liquidity - Cash and cash equivalents at the end of the period were HKD 44,264,000, down from HKD 50,629,000 at the end of the same period in 2022[8] - The company experienced a net cash outflow from operating activities of HKD 225,000 for the six months ended December 31, 2023, compared to a net inflow of HKD 16,963,000 in 2022[8] - As of December 31, 2023, the group maintained a cash balance of approximately HKD 44,300,000, compared to HKD 45,500,000 as of June 30, 2023[54] - The current ratio as of December 31, 2023, was approximately 2.2, down from 2.6 as of June 30, 2023[54] - The group has no outstanding interest-bearing borrowings as of December 31, 2023, resulting in a debt-to-equity ratio of zero[55] Assets and Liabilities - Total assets decreased to HKD 93,274,000 as of December 31, 2023, from HKD 108,007,000 as of June 30, 2023[5] - The net asset value of the company was HKD 87,130,000 as of December 31, 2023, down from HKD 103,674,000 as of June 30, 2023[5] - The company has a contingent liability of approximately HKD 10,758,000 in performance guarantees provided by banks, unchanged from June 30, 2023[69] - The company has a contingent liability of approximately HKD 28,749,000 in performance guarantees provided by third parties, down from HKD 37,729,000 as of June 30, 2023[69] Operational Costs - Direct costs decreased by approximately 56.1% from HKD 66,000,000 to HKD 29,000,000, aligning with the revenue decline[48] - Administrative expenses decreased by approximately 9.4% from HKD 11,000,000 to HKD 10,000,000, primarily due to a decrease in employee costs[50] - The company reported a total employee cost of HKD 8,107,000 for the six months ended December 31, 2023, down from HKD 11,657,000 in the same period of 2022, representing a 30% decrease[23] Legal and Compliance - The company incurred a litigation loss provision of HKD 9,300,000 during the reporting period[4] - The company is currently pursuing legal action to recover overdue loans amounting to HKD 15,000,000, with a court ruling in favor of the company on July 19, 2023[41] - A contingent payment offer of HKD 9,300,000 has been made to resolve a legal claim involving a subcontractor, which is still pending acceptance[42] - The company has not faced any claims related to performance guarantees as of the reporting dates, indicating a stable risk profile[40] Share Capital and Dividends - The company did not declare an interim dividend for the six months ended December 31, 2023, consistent with the previous year[26] - The company's issued and paid-up share capital remained at HKD 7,959,000 as of both June 30, 2023, and December 31, 2023, with 795,940,000 shares issued[33] - Best Brain Investments Limited holds 250,000,000 shares, representing 31.41% of the company's issued share capital[77] Management and Governance - The total remuneration for key management personnel for the six months ended December 31, 2023, was HKD 1,740,000, a decrease from HKD 1,999,000 for the same period in 2022, reflecting a decline of approximately 13%[37] - The Audit Committee, consisting of two independent non-executive directors, reviewed the unaudited consolidated results for the six months ended December 31, 2023, and confirmed compliance with applicable accounting standards and GEM listing rules[89] - Following the appointment of Mr. Wu as an executive director, the company fell below the minimum requirement of three independent non-executive directors as per GEM listing rules[91] - Mr. Leung was appointed as an independent non-executive director on January 12, 2024, restoring compliance with GEM listing rules regarding the number of independent directors and Audit Committee members[91] Business Outlook - The group is actively seeking opportunities in the construction sector, anticipating an increase in project supply due to government initiatives in Hong Kong[44] - The board will continue to explore new business and investment opportunities to enhance long-term profitability amid intense competition in the construction sector[45]

Financial Performance - Revenue for the six months ended December 31, 2023, was HKD 30,804,000, a decrease of 54.7% compared to HKD 67,910,000 for the same period in 2022[5] - Gross profit for the same period was HKD 1,839,000, down 4.1% from HKD 1,917,000 in 2022[5] - Operating loss for the six months was HKD 7,461,000, compared to a loss of HKD 8,491,000 in the previous year, indicating an improvement of 12.1%[5] - The net loss attributable to owners for the period was HKD 16,543,000, significantly higher than HKD 8,510,000 in the prior year, representing a 94.5% increase[5] - The group incurred a pre-tax loss of 11,442,000 HKD for the three months ended December 31, 2023, compared to a loss of 4,630,000 HKD for the same period in 2022[28] - The loss attributable to owners for the six months ended December 31, 2023, was approximately HKD 16,500,000, compared to HKD 8,500,000 for the same period in 2022, attributed to reduced revenue and a provision for litigation losses of HKD 9,300,000[52] Cash and Assets - Cash and cash equivalents at the end of the period were HKD 44,264,000, down from HKD 50,629,000 at the end of the same period last year[9] - Total assets decreased to HKD 93,274,000 from HKD 108,007,000, reflecting a decline of 13.6%[6] - Non-current assets increased to HKD 36,166,000 from HKD 36,894,000, a decrease of 2.0%[6] - The company’s total equity decreased to HKD 87,130,000 from HKD 103,674,000, a decline of 16.0%[6] - As of December 31, 2023, the group maintained a cash balance of approximately HKD 44,300,000, compared to HKD 45,500,000 as of June 30, 2023[54] - The total assets as of December 31, 2023, were approximately HKD 129,400,000, down from HKD 144,900,000 as of June 30, 2023[54] Employee Costs and Remuneration - Total employee costs amounted to 8,107,000 HKD for the six months ended December 31, 2023, down from 11,657,000 HKD in the same period of 2022[24] - The total remuneration for directors for the six months ended December 31, 2023, was HKD 1,740,000, a decrease from HKD 1,999,000 in the same period of 2022[37] - Employee costs for the six months ended December 31, 2023, were approximately HKD 8,100,000, compared to HKD 11,700,000 for the same period in 2022, representing a decrease of about 30%[70] Dividends and Share Capital - The group did not declare an interim dividend for the six months ended December 31, 2023, consistent with the previous year[26] - The board of directors does not recommend the payment of an interim dividend for the six months ended December 31, 2023[84] - The company's issued and paid-up share capital remained at HKD 7,959,000 as of both June 30, 2023, and December 31, 2023, with 795,940,000 shares issued[32] Legal and Contingent Liabilities - The company reported a significant provision for litigation losses amounting to HKD 9,300,000 during the period[5] - The company is currently seeking legal advice regarding the recovery of outstanding loans and related interest from a borrower, with a total overdue amount of HKD 15,000,000[41] - A contingent payment offer of HKD 9,300,000 has been proposed to resolve a claim involving HKD 10,328,249, which is still pending acceptance by the claimant[42] - As of December 31, 2023, the company had contingent liabilities of approximately HKD 39,507,000, with HKD 10,758,000 from bank guarantees and HKD 28,749,000 from third-party guarantees[69] Governance and Compliance - The company has complied with the corporate governance code as per GEM listing rules throughout the reporting period[82] - The Audit Committee, consisting of two independent non-executive directors, reviewed the unaudited consolidated results for the six months ending December 31, 2023, ensuring compliance with applicable accounting standards and GEM listing rules[91] - Following the appointment of Mr. Wu as an executive director, the company fell below the minimum requirement of three independent non-executive directors as per GEM listing rules, but compliance was restored with the appointment of Mr. Leung on January 12, 2024[92] Business Outlook - The group is actively seeking opportunities in the construction sector, particularly in response to the Hong Kong government's easing of stamp duty policies and development projects in northern Hong Kong[45]

Financial Performance - Revenue for the first quarter ended September 30, 2023, was HKD 14,354,000, a decrease of 52.8% compared to HKD 30,406,000 in the same period of 2022[5] - Gross profit for the first quarter was HKD 690,000, down 4.3% from HKD 721,000 year-over-year[5] - The company reported a loss before tax of HKD 5,104,000, compared to a loss of HKD 3,882,000 in the prior year, representing a 31.4% increase in losses[5] - Basic and diluted loss per share for the quarter was HKD 0.64, compared to HKD 0.49 in the same quarter of the previous year[5] - Administrative expenses increased to HKD 5,984,000, up 22.9% from HKD 4,869,000 in the previous year[5] - The company's revenue decreased by approximately 52.6% from about HKD 30,400,000 in the three months ended September 30, 2022, to about HKD 14,400,000 in the same period of 2023[20] - The cost of sales also decreased by approximately 53.9% from about HKD 29,700,000 to about HKD 13,700,000, aligning with the revenue decline[21] - Other income decreased by approximately 33.8% from about HKD 287,000 to about HKD 190,000, primarily due to the cessation of government financial support[23] - Administrative expenses increased by approximately 22.4% from about HKD 4,900,000 to about HKD 6,000,000, mainly due to higher legal and professional fees[24] - The loss attributable to the company's owners increased by approximately 30.8% from about HKD 3,900,000 to about HKD 5,100,000, attributed to the rise in administrative expenses[26] Dividends and Equity - The company did not declare any dividends for the quarter, consistent with the previous year[17] - The total equity attributable to the owners of the company decreased to HKD 98,573,000 from HKD 103,674,000 as of July 1, 2023[6] - The company did not recommend the payment of dividends for the period, consistent with the previous quarter where no dividends were paid[41] Business Operations - The group operates primarily in the construction services sector, focusing on residential, commercial, and industrial building projects[9] - The company submitted 2 construction project bids during the period and is actively pursuing opportunities in new projects as the market recovers[28] - The company plans to avoid low-margin bidding projects due to increased competition and recent interest rate hikes affecting the real estate market[28] - Future opportunities will be assessed cautiously, balancing risk and return, with potential strategic partnerships or acquisitions to enhance long-term profitability[29] Governance and Compliance - The company continues to assess the impact of new accounting standards on its financial performance and position[10] - As of September 30, 2023, a total of 16,800,000 stock options remain unexercised, with no options exercised during the period[42] - The company has adopted a code of conduct for securities trading by directors, confirming compliance during the reporting period[40] - The audit committee, consisting of two independent non-executive directors, has reviewed the financial reporting procedures and internal control systems[45] - The company is actively seeking suitable candidates to fill vacancies for independent non-executive directors and audit committee members due to recent board composition changes[46] Shareholding Structure - Major shareholders include Best Brain with 31.41% ownership, and other significant shareholders hold 7.54% each[34]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，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公告全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Super Strong Holdings Limited 宏強控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8262） 截至2023年9月30日止三個月之 第一季度業績公告 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之中小型公司提供 一個上市之市場。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。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較在聯交所主板買賣 的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之市 場。 本公告的資料乃遵照聯交所GEM證券上巿規則（「GEM上市規則」）而刊載，旨在提供有 關宏強控股有限公司（「本公司」）及其附屬公司的資料；本公司董事（「董事」）願就本公告 的資料共同及個別地承擔全部責任。各董事在作出一切合理查詢 ...

Financial Performance - Revenue decreased by approximately 12.6% from HKD 132,900,000 for the year ended June 30, 2022, to HKD 116,100,000 for the year ended June 30, 2023, primarily due to intense competition and a reduction in construction orders[15] - Direct costs decreased by approximately 12.1% from HKD 125,200,000 to HKD 110,100,000, aligning with the revenue decline[16] - Gross profit fell by approximately 22.1% from HKD 7,700,000 to HKD 6,000,000, with the gross profit margin decreasing from 5.8% to 5.2%[17] - Administrative expenses decreased by approximately 12.1% from HKD 20,700,000 to HKD 18,200,000, attributed to increased legal fees and reduced director remuneration[18] - Other income shifted from HKD 700,000 in the year ended June 30, 2022, to a loss of HKD 3,600,000 for the year ended June 30, 2023, mainly due to increased provisions for bad debts[19] - Tax expenses decreased by 99.3% from approximately HKD 734,000 to about HKD 5,000, primarily due to a reduction in tax provisions[20] - Loss attributable to owners increased from approximately HKD 12,000,000 to HKD 14,100,000, driven by decreased gross profit and increased bad debts[21] - As of June 30, 2023, the group maintained a strong liquidity position with cash and bank balances of approximately HKD 45,500,000, up from HKD 39,200,000[22] - The group had no interest-bearing borrowings as of June 30, 2023, compared to approximately HKD 5,000,000 as of June 30, 2022, resulting in a debt-to-equity ratio of zero[25] Business Strategy and Market Conditions - The group submitted 22 tenders for construction projects, amounting to approximately HKD 1,404,800,000[12] - The group decided to suspend a construction contract in Guangxi Province due to the downturn in the Chinese real estate market[8] - The group aims to explore opportunities in modular integrated construction as an alternative strategy[9] - The group plans to actively pursue new projects in the Northern District of Hong Kong, anticipating an increase in construction project supply[12] - The group is focused on diversifying its business to enhance overall profitability despite challenges in the Chinese market[13] - The group is cautious about participating in low-margin tenders due to rising interest rates and strict stamp duty policies affecting the local real estate market[12] - The group recognizes the impact of geopolitical tensions and rising interest rates on the overall economic environment[8] - The group remains optimistic about future opportunities despite the competitive landscape in the construction industry[9] Corporate Governance - The company has maintained compliance with significant laws and regulations affecting its operations during the fiscal year[42] - The company has established a compliance manual applicable to directors and employees to uphold ethical standards[64] - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring strong independent oversight[64] - The independent non-executive directors have confirmed their independence as per GEM listing rules, ensuring unbiased judgment in board decisions[66] - The company is committed to enhancing accountability and transparency to protect shareholder interests and create value[60] - The board is responsible for formulating the overall strategy and monitoring management performance[63] - The company has established three functional committees to assist the board in fulfilling its duties, including the audit committee, remuneration committee, and nomination committee[76] - The audit committee is responsible for reviewing the integrity of the company's financial statements, including quarterly and annual reports, ensuring compliance with applicable standards[83] - The company has adopted the GEM Listing Rules regarding the code of conduct for securities trading by directors, with full compliance confirmed by all directors for the fiscal year[72] - The company encourages directors to attend training courses to stay updated on corporate governance practices and regulations[73] Risk Management - The company has established a risk management framework consisting of the board of directors, audit committee, and dedicated risk management team to oversee various operational risks[102] - The board has conducted an annual review of the effectiveness of the risk management and internal control systems, confirming their adequacy and effectiveness[103] - The company has adopted risk management policies to identify, assess, and manage significant risks, with a dedicated team evaluating risks at least annually[105] - The risk management and internal control systems are designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatements[105] - The company faces credit risk from clients, which could adversely affect its liquidity if clients fail to pay on time[39] Environmental, Social, and Governance (ESG) - The company is committed to minimizing adverse environmental impacts from its operations, adhering to various environmental regulations in Hong Kong[135] - The company has established an environmental, social, and governance (ESG) team to implement its ESG strategy effectively, with regular reviews by the board[126] - The company has conducted a materiality assessment to identify significant ESG issues, which will be reported in the ESG report[132] - The company emphasizes stakeholder engagement as a key factor in its ESG strategy, utilizing various communication channels[131] - The company has not reported any significant violations of environmental laws and regulations during the reporting period[135] - The company aims to reduce emissions through sustainable construction practices and encourages subcontractors to comply with its environmental management plan[135] - The company has implemented internal controls to manage and mitigate significant ESG risks identified by its ESG team and board[127] - The company’s major ESG issues include emissions management, employee welfare, and community investment[134] - The company aims to reduce greenhouse gas emissions by 2-3% in the coming year[137] - Nitrogen oxides emissions decreased from 0.74 kg in 2022 to 0.40 kg in 2023, a reduction of approximately 46%[139] - Total greenhouse gas emissions decreased from 36 metric tons CO2 equivalent in 2022 to 33 metric tons CO2 equivalent in 2023, a reduction of about 8.3%[143] - The company recycled 4.0 metric tons of paper, reducing greenhouse gas emissions by 19.2 metric tons CO2 equivalent[146] - Non-hazardous waste generated was 1,495 metric tons in 2023, down from 1,654 metric tons in 2022, representing a reduction of over 9%[149] - Electricity consumption decreased from 39,888 kWh in 2022 to 36,824 kWh in 2023, a reduction of approximately 7.8%[152] - Water consumption decreased by over 24%, from 483 cubic meters in 2022 to 365 cubic meters in 2023[156] - The company plans to implement energy-saving measures, including using more environmentally friendly appliances and LED lighting[155] - The company has set a target to reduce energy consumption by 2-3% in the upcoming year[155] - The company has effectively managed wastewater discharge by installing adequate drainage systems and sedimentation tanks[140] - The company aims to reduce water consumption by 2% to 3% in the coming year[159] Employee Management and Training - As of the reporting period, the company has 32 full-time employees and 4 part-time employees, showing a decrease in full-time staff from 43 in 2022[165][166] - Employee turnover rate for males is 31%, with 10 departures, while for females it is 7%, with 1 departure[168] - The company has implemented a safety plan to promote occupational health and safety, ensuring compliance with applicable laws and regulations[174] - There were no reported work-related deaths or injuries during the reporting period[175] - The company has received ISO 14001:2004 and OHSAS 18001:2007 certifications for its environmental and occupational health and safety management systems[160] - The company has adopted measures to minimize noise pollution during construction, including regular maintenance of machinery and selection of low-noise equipment[161] - The company is committed to providing a non-discriminatory work environment and supports equal opportunities in all aspects of employment[170] - The company provides competitive compensation and benefits to attract and retain quality employees, including retirement and medical benefits[169] - The number of trained employees in 2023 was 36, down from 47 in 2022, with total training hours decreasing from 137 to 105[178] - The percentage of trained employees remained at 100% for both years, with an average training time of 3 hours per employee in 2023[178] Quality Control and Supply Chain Management - The company has implemented strict monitoring measures for supply chain management, ensuring quality control and compliance with local regulations[182] - All suppliers and subcontractors are required to adhere to local labor laws, with no significant violations reported during the reporting period[181] - The company emphasizes the importance of quality control, believing it directly impacts financial performance and customer satisfaction[186] - The quality management system is certified according to ISO 9001:2008 standards, focusing on sustainable performance and continuous improvement[187] - The project management team is responsible for quality control, ensuring projects meet client requirements and legal standards[188] - The company has not reported any significant violations of product and service-related laws during the reporting period[189] - The company has established a list of approved suppliers and subcontractors, regularly updating it to maintain quality and reliability[183] Community Engagement and Donations - The company donated approximately HKD 1,014,700 during the reporting period, compared to HKD 1,248,300 in 2022, indicating a decrease of about 18.7%[196] - The company is committed to developing and implementing sustainable corporate policies in areas such as environmental protection, employee management, and occupational health and safety[194] - The company has implemented appropriate and effective internal controls to prevent and detect fraudulent activities, with all directors and employees receiving anti-corruption training[193]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，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公告全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Super Strong Holdings Limited 宏強控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8262） 截至2023年6月30日止年度之全年業績公告 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之中小型公司提供 一個上市之市場。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。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較在聯交所主板買賣 的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之市 場。 本公告的資料乃遵照聯交所GEM證券上巿規則（「GEM上市規則」）而刊載，旨在提供有 關宏強控股有限公司（「本公司」）的資料；本公司董事（「董事」）願就本公告的資料共同及 個別地承擔全部責任。各董事在作出一切合理查詢後，確認就其所深知及 ...