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，概不對因本公告全部 或任何部份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。 （於開曼群島註冊成立的有限公司） SMART CITY DEVELOPMENT HOLDINGS LIMITED 智城發展控股有限公司 （股份代號：8268） 截至二零二四年三月三十一日止年度 年度業績 智 城 發 展 控 股 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）欣 然 宣 佈 本 公 司 及 其 附 屬 公 司 截 至 二 零 二 四 年 三 月 三 十 一 日 止 年 度 之 經 審 核 業 績。本 公 告 列 載 本 公 司 二 零 二 四 年 年 報 全 文，並 符 合 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）GEM證 券 上 市 規 則（「GEM上市規則」）中 有 關 年 度 業 績 初 步 公 告 附 載 資 料 之 要 求。本 公 司之二零二四年年報將於二零二四年七月五日在聯交所網站www.hkexnews.hk及 本公司網站www.smartc ...

Financial Performance - For the six months ended September 30, 2023, the company reported revenue of HKD 195,631,000, a 36.5% increase from HKD 143,388,000 in the same period of 2022[3] - Gross profit for the same period was HKD 12,913,000, slightly up from HKD 12,621,000, indicating a gross margin improvement[3] - The company recorded a net loss of HKD 4,300,000 for the six months, compared to a loss of HKD 3,785,000 in the prior year, reflecting a 13.6% increase in losses[3] - The basic and diluted loss per share for the six months was HKD 1.79 cents, compared to HKD 1.89 cents in the previous year[3] - The group reported a pre-tax loss of HKD 4,300,000 for the six months ended September 30, 2023, compared to a loss of HKD 3,785,000 for the same period in 2022, reflecting an increase in losses[33] Assets and Liabilities - Total assets as of September 30, 2023, were HKD 363,671,000, down from HKD 373,410,000 as of March 31, 2023[5] - Current liabilities decreased to HKD 164,070,000 from HKD 168,406,000, showing a reduction of 2%[5] - The company’s equity attributable to owners was HKD 146,641,000, down from HKD 150,941,000, indicating a decrease of 2.8%[6] - The company’s total liabilities increased significantly, with a notable rise in trust receipt loans from HKD 3,577,000 to HKD 6,898,000[11] Cash Flow - The company’s cash and cash equivalents decreased significantly to HKD 27,907,000 from HKD 59,335,000, a decline of 52.9%[5] - The net cash used in operating activities for the first half of 2023 was HKD 23,159,000, an increase of 35.8% compared to HKD 17,070,000 in the prior year[10] - Cash and cash equivalents at the end of the period were HKD 35,596,000, up from HKD 27,907,000 at the beginning of the period, reflecting a net increase of 27.7%[11] - The company reported a net cash outflow from investing activities of HKD 448,000, compared to a net inflow of HKD 5,407,000 in the same period last year[11] - Financing activities resulted in a net cash outflow of HKD 7,821,000, compared to a net inflow of HKD 5,367,000 in the previous year, indicating a shift in financing strategy[11] Revenue Segments - For the three months ended September 30, 2023, the revenue from customer contracts in the engineering contracting and related business was HKD 96,049,000, an increase from HKD 74,638,000 in the same period of 2022, representing a growth of 28.5%[18] - The construction business segment generated revenue of approximately HKD 191,937,000, up 35.3% from HKD 141,828,000 for the same period last year[53] - The securities investment segment reported income of approximately HKD 1,593,000, a significant increase of 934% from a loss of approximately HKD 191,000 in the previous year[53] - The property investment segment recorded revenue of approximately HKD 297,000, a decrease of about 1.7% from HKD 302,000 for the same period last year[53] - The lending business segment achieved revenue of approximately HKD 1,804,000, an increase of about 24.5% from HKD 1,449,000 in the previous year[53] Operational Focus and Strategy - The company plans to focus on market expansion and new product development to enhance future performance[3] - The group plans to continue its balanced development in the construction business in Hong Kong and Macau, focusing on prudent bidding strategies to address industry challenges[91] - The group aims to attract larger corporate clients and diversify its customer base, capitalizing on the upward trend in construction and building expenditures in Hong Kong[95] - The group is actively developing its lending business, believing it will provide positive impacts and returns despite increasing market competition in Hong Kong[101] Corporate Governance - The company has established an Audit Committee to oversee financial controls and risk management, consisting of three independent non-executive directors[128] - The company has committed to maintaining high standards of corporate governance to enhance stakeholder confidence and drive business growth[126] - The company has adopted corporate governance practices in line with GEM Listing Rules since its listing date[126] Employee and Administrative Expenses - The total employee benefits expenses, including directors' remuneration, amounted to approximately HKD 12,790,000, an increase from HKD 11,454,000 in the same period last year[109] - Administrative expenses rose by approximately HKD 1,400,000 or 7.7%, totaling about HKD 19,600,000[72] Market Conditions and Future Outlook - The group will take prudent measures to manage its investment portfolio in light of recent market volatility and weakness[104] - The board will regularly review the investment property portfolio in light of recent economic instability, ensuring strategic alignment with market conditions[100]

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，概不對因本公告全部 或任何部份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。 SMART CITY DEVELOPMENT HOLDINGS LIMITED 智城發展控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8268） 截至二零二三年九月三十日止六個月之 中期業績 智城發展控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司 及其附屬公司截至二零二三年九月三十日止六個月之中期業績。本公告列載 本公司二零二三年中期報告全文，並符合香港聯合交易所有限公司（「聯交所」） GEM證券上市規則（「GEM上市規則」）中有關中期業績初步公告附載資料之要 求。本公司之二零二三年中期報告將於二零二三年十一月十四日在聯交所網站 www.hkexnews.hk及本公司網站www.smartcity-d.com可供閱覽。 承董事會命 智城發展控股有限公司 執行董事 洪君毅 香港，二零二三年十一月十三日 於本公告日期，董事會由執行董事洪君毅先生及劉寶儀女士；及獨立非執 ...

Financial Performance - For the three months ended June 30, 2023, the company reported revenue of HKD 95,344,000, an increase of 38.7% compared to HKD 68,762,000 for the same period in 2022[3] - The cost of sales for the same period was HKD 91,327,000, resulting in a gross profit of HKD 4,017,000, down 25.1% from HKD 5,363,000 in 2022[3] - The company incurred an operating loss before tax of HKD 4,213,000, compared to a loss of HKD 3,719,000 in the previous year, reflecting an increase in losses of 13.3%[3] - Basic and diluted loss per share for the period was HKD 1.76, slightly improved from HKD 1.86 in the same period last year[3] - The group reported a pre-tax loss of HKD 4,213,000 for the three months ended June 30, 2023, compared to a pre-tax loss of HKD 3,719,000 in the same period of 2022[19] - Gross profit decreased from approximately HKD 5,300,000 to about HKD 4,000,000, a decline of approximately HKD 1,300,000 or 25%[41] - Gross margin for the period was approximately 4.2%, down 3.6% from the previous period's gross margin of about 7.8%[41] Revenue Segments - Customer contract revenue for the three months ended June 30, 2023, was HKD 95,888,000, an increase of 42.7% compared to HKD 67,190,000 for the same period in 2022[15] - The construction business segment reported a loss of HKD 1,903,000 for the three months ended June 30, 2023, compared to a loss of HKD 3,216,000 in the same period of 2022[12] - The construction segment generated revenue of approximately HKD 95,888,000, an increase of about 43% from HKD 67,190,000 in the same period last year[28] - The lending business segment recorded revenue of approximately HKD 781,000, an increase of about 16% from HKD 672,000 in the same period last year[38] - The construction segment's revenue from building construction and related services was approximately HKD 47,762,000, an increase of about 82% from HKD 26,205,000 in the same period last year[29] - The electromechanical engineering segment generated revenue of approximately HKD 45,574,000, an increase of about 13% from HKD 40,186,000 in the same period last year[31] - The interior renovation segment saw significant growth, with revenue of approximately HKD 2,552,000, an increase of about 219% from HKD 799,000 in the same period last year[32] - The property investment segment generated revenue of approximately HKD 148,000, a decrease of about 3% from HKD 153,000 in the same period last year[36] Expenses and Costs - The group’s employee benefits expenses, including directors' remuneration, amounted to HKD 6,501,000 for the three months ended June 30, 2023, compared to HKD 5,680,000 in the same period of 2022[19] - Administrative expenses rose by approximately HKD 400,000 or 4% to about HKD 9,800,000, primarily due to increased employee costs[44] - Financial expenses increased by approximately HKD 31,000 or 388% to about HKD 39,000, mainly due to increased interest expenses on short-term loans[45] - The construction costs for the three months ended June 30, 2023, were HKD 91,327,000, an increase from HKD 63,399,000 in the same period of 2022[19] Equity and Assets - Total equity attributable to the owners of the company as of June 30, 2023, was HKD 146,728,000, a decrease from HKD 150,941,000 as of April 1, 2023[5] - As of June 30, 2023, the group held financial assets at fair value amounting to approximately HKD 38,012,000, with significant investments including listed equity investments and various debt securities[64] - The total amount of contracts on hand exceeded HKD 855,000,000 during the reporting period[55] Corporate Governance - The audit committee consists of three independent non-executive directors, ensuring compliance with GEM listing rules[84] - The company is committed to maintaining high standards of corporate governance to enhance stakeholder confidence[83] - The board of directors is composed of both executive and independent non-executive members, ensuring a balanced governance structure[85] - The company has adopted the corporate governance code as per GEM listing rules, ensuring transparency and accountability[83] Investment Strategy - The group aims to continue balancing its construction business in Hong Kong and Macau, focusing on prudent bidding strategies to address industry challenges[52] - The group plans to apply for more necessary licenses and qualifications to expand its service scope and selectively undertake new contracts[59] - The group is actively seeking investment opportunities in listed securities and other financial products in Hong Kong and other recognized overseas markets to generate additional income[60] - The board will adopt a more cautious approach to manage the investment portfolio due to recent market volatility and economic instability, aiming for positive short-term returns[66] Tax and Compliance - The company has not reported any income tax for the period, maintaining a consistent tax position[3] - The financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring compliance with local regulations[8] - The company has adopted new accounting standards effective from April 1, 2023, which may impact future financial reporting[10] Shareholder Information - As of June 30, 2023, Masan Multi Strategy Fund SPC holds 35,715,200 shares, representing 14.88% of the company's issued share capital[76] - Energy Luck Limited owns 23,978,816 shares, accounting for 9.99% of the company's issued share capital[76] - Like Capital Limited has a stake of 12,661,000 shares, which is 5.28% of the company's issued share capital[76] - The company has not granted any share options during the reporting period, and there were no unexercised options as of June 30, 2023[73] - The maximum number of unexercised share options that can be granted under the share option scheme is capped at 10% of the issued shares at any time[68] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[82] Risk Management - The company emphasizes the importance of understanding the investment risks associated with its operations, particularly in the GEM market[1] - The group continues to develop its lending business despite increased competition and uncertainty in the Hong Kong lending market, believing it will yield positive impacts and returns[63] - The group has no significant contingent liabilities or capital commitments as of the reporting period end[46][47]

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。 SMART CITY DEVELOPMENT HOLDINGS LIMITED 智城發展控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8268） 截至二零二三年六月三十日止三個月 之季度業績公佈 智城發展控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及 其附屬公司截至二零二三年六月三十日止三個月之季度業績。本公告列載本公 司二零二三年第一季度報告全文，並符合香港聯合交易所有限公司（「聯交所」） GEM證券上市規則（「GEM上市規則」）中有關第一季度業績初步公告附載資料之 要求。本公司之二零二三年第一季度報告將於二零二三年八月十五日在聯交所 網站www.hkexnews.hk及本公司網站www.smartcity-d.com可供閱覽。 承董事會命 智城發展控股有限公司 執行董事 洪君毅 香港，二零二三年八月十四日 於本公告日期，董事會由執行董事洪君毅先生及劉寶儀女士 ...

Financial Performance - The company recorded revenue of approximately HKD 323.7 million for the year ended March 31, 2023, a decrease of about 0.4% compared to HKD 324.9 million for the previous year[13]. - Revenue from the construction business segment was approximately HKD 319.8 million, an increase of about 0.1% from HKD 319.4 million in the prior year[13]. - The securities investment segment reported revenue of approximately HKD 200,000, a significant decrease of about 94% from HKD 3.7 million in the previous year[13]. - The property investment segment maintained revenue at approximately HKD 600,000, consistent with the previous year's figures[13]. - The lending business segment saw revenue increase to approximately HKD 3.1 million, up about 142% from HKD 1.3 million in the prior year[13]. - The company reported a net loss attributable to shareholders of approximately HKD 11 million, compared to a net profit of approximately HKD 15.3 million in the previous year[13]. - The overall gross profit decreased by approximately HKD 16,300,000 or about 33%, from HKD 49,800,000 to HKD 33,600,000[33]. - The gross profit margin fell to approximately 10.4%, a decline of 5 percentage points from 15.4% in the previous year[33]. Business Segments - The group recorded revenue of approximately HKD 323,704,000, a decrease of about 0.4% compared to HKD 324,904,000 for the year ended March 31, 2022[21]. - The construction segment generated revenue of approximately HKD 319,813,000, an increase of about 0.1% from HKD 319,368,000 for the previous year[21]. - The securities investment segment reported revenue of approximately HKD 228,000, a significant decrease of about 94% from HKD 3,660,000 for the previous year[21]. - The property investment segment recorded revenue of approximately HKD 599,000, down about 2% from HKD 612,000 for the previous year[21]. - The lending segment achieved revenue of approximately HKD 3,064,000, an increase of about 142% from HKD 1,264,000 for the previous year[21]. Market Outlook and Strategy - The company anticipates continued challenges in the competitive construction market in Hong Kong but aims to enhance its market position through strong relationships with clients and suppliers[14]. - The company is exploring growth opportunities in China, Hong Kong, and other regions to drive long-term financial returns for shareholders[15]. - The management emphasizes the importance of maintaining a good track record and providing quality services to enhance market competitiveness[14]. - The company is optimistic about potential opportunities arising from the Hong Kong government's promotion of Modular Integrated Construction (MiC) and recent developments in the Greater Bay Area[14]. Financial Position and Assets - As of March 31, 2023, the group's cash and cash equivalents amounted to approximately HKD 59,335,000, a decrease from HKD 67,345,000 in 2022[59]. - The total assets of the group as of March 31, 2023, were approximately HKD 322,410,000, compared to HKD 299,808,000 in 2022, reflecting an increase of about 7.5%[59]. - The group's current ratio as of March 31, 2023, was approximately 1.28, slightly down from 1.31 in 2022[59]. - The debt-to-asset ratio as of March 31, 2023, was approximately 2.0%, up from 1.5% in 2022, indicating a slight increase in leverage[59]. Governance and Compliance - The company has adopted corporate governance practices in line with GEM listing rules, ensuring compliance and transparency[90]. - The board of directors consists of five members, including two women, and emphasizes diversity in its composition[96]. - The company has implemented an anti-corruption and whistleblowing policy to maintain business integrity[95]. - The company has established formal and transparent procedures for the appointment and succession of directors, with independent non-executive directors serving terms not exceeding three years[100]. Risk Management - The company has established a risk management system to identify, assess, and manage risks related to its business operations[159]. - No significant risks were identified based on the risk assessments conducted during the reporting period[162]. - The internal control system is designed in accordance with the COSO 2013 framework to ensure operational effectiveness and compliance with applicable laws[163]. Employee and Management - The total employee benefit expenses during the reporting period amounted to approximately HKD 36,000,000, consistent with the previous year[87]. - The company had 96 employees primarily based in Hong Kong as of March 31, 2023[87]. - The company is focused on recruiting qualified and experienced staff to strengthen its construction division[73]. Future Plans and Investments - The company is investing in new technology development, allocating $10 million towards R&D initiatives[200]. - Market expansion plans include entering two new regions, which are anticipated to increase market share by 5%[200]. - The company is considering strategic acquisitions to enhance its product offerings and market presence[200].

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，概不對因本公告全部 或任何部份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。 SMART CITY DEVELOPMENT HOLDINGS LIMITED 智城發展控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8268） 截至二零二三年三月三十一日止年度 年度業績 智城發展控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及 其附屬公司截至二零二三年三月三十一日止年度之經審核業績。本公告列載本 公司二零二三年年報全文，並符合香港聯合交易所有限公司（「聯交所」）GEM證 券上市規則（「GEM上市規則」）中有關年度業績初步公告附載資料之要求。本公 司之二零二三年年報將於二零二三年六月三十日在聯交所網站www.hkexnews.hk 及本公司網站www.smartcity-d.com可供閱覽。 承董事會命 智城發展控股有限公司 執行董事 洪君毅 香港，二零二三年六月二十六日 於本公告日期，董事會由執行董事洪君毅先生及劉寶儀女士；及獨立非執行董 事黃 ...

Financial Performance - For the nine months ended December 31, 2022, the company's revenue was HKD 223,183,000, a decrease of 6.8% compared to HKD 239,549,000 for the same period in 2021[3] - The gross profit for the nine months was HKD 20,847,000, down 27.4% from HKD 28,682,000 in the previous year[3] - The company reported a net loss of HKD 6,897,000 for the nine months, compared to a profit of HKD 9,111,000 in the same period last year[4] - Administrative expenses increased to HKD 31,161,000, up 28.5% from HKD 24,251,000 in the previous year[3] - The basic and diluted loss per share for the nine months was HKD 3.17, compared to earnings of HKD 4.69 per share in the previous year[3] - The total comprehensive loss for the nine months was HKD 6,897,000, compared to a total comprehensive income of HKD 7,134,000 in the same period last year[4] Revenue Breakdown - The company did not report any revenue from the sale of subsidiaries during the nine months, compared to HKD 3,216,000 in the previous year[3] - The company’s other income and gains for the nine months were HKD 3,147,000, significantly higher than HKD 772,000 in the previous year[3] - For the three months ended December 31, 2022, the total revenue from external customers was HKD 79,795,000, while for the nine months, it was HKD 223,183,000, representing a significant increase compared to the previous periods[15] - The construction segment reported a loss of HKD 716,000 for the three months and a loss of HKD 2,832,000 for the nine months, indicating challenges in this division[15] - The securities investment segment recorded a loss of HKD 1,006,000 for the three months and a loss of HKD 1,198,000 for the nine months, reflecting market volatility[15] - The property investment segment generated a profit of HKD 745,000 for the nine months, showing some resilience in this area[15] Operating Expenses and Losses - The total adjusted loss before tax for the three months was HKD 3,076,000, and for the nine months, it was HKD 6,861,000, highlighting ongoing financial pressures[15] - The group’s total operating expenses for the nine months ended December 31, 2022, were HKD 20,333,000, compared to HKD 18,338,000 for the same period in 2021, representing an increase of approximately 10.9%[24] - The group reported a loss of approximately HKD 871,000 in the listed securities investment segment for the nine months ended December 31, 2022, compared to a profit of approximately HKD 5,115,000 in the same period last year[43] Share Issuance and Equity - The company issued new shares amounting to HKD 32,000,000 during the reporting period[6] - The company's total equity as of December 31, 2022, was HKD 154,351,000, an increase from HKD 130,371,000 as of April 1, 2022[6] - The company issued 40,000,000 shares at HKD 0.8 each, raising approximately HKD 32,000,000, which was recorded in the company's capital[34] Corporate Governance - The audit committee consists of three independent non-executive directors, ensuring oversight of financial controls and risk management[101] - The company has adopted corporate governance practices to enhance transparency and accountability to shareholders[100] - The board of directors includes both executive and independent non-executive members, ensuring a balanced governance structure[102] - The company is committed to maintaining high standards of corporate governance to foster confidence among stakeholders[100] Market and Strategic Developments - The group aims to attract larger corporate clients and diversify its customer base due to the ongoing upward trend in overall building and construction spending[69] - The group has obtained multiple new projects, including residential construction and renovation contracts in various locations[67] - The group continues to develop its lending business despite increased competition and uncertainty in the market[75] - The group is focusing on careful bidding for new construction contracts to selectively accept new projects[71] Investment and Financial Assets - As of December 31, 2022, the group held financial assets at fair value amounting to approximately HKD 29,299,000[77] - The group realized proceeds from the sale of certain investments amounting to approximately HKD 15,264,000 during the reporting period, with recognized gains of approximately HKD 1,041,000[79] - The group’s investment in the Hong Kong government’s green retail bonds, maturing in 2025, has a minimum interest rate of 2.5% and is linked to Hong Kong inflation[80] - The group’s non-listed debt investments include Morgan Asia Total Return Bond Fund, with a market value of approximately HKD 2,890,000 and a loss of HKD 399,400[77] - The group’s listed equity investments recorded a loss of approximately HKD 1,148,000, representing 60.3% of the market value of HKD 17,659,100[77] Shareholder Interests - Directors and key executives had no recorded interests in the company’s shares or related securities as of December 31, 2022[87] - There are no significant changes in the interests of directors or major shareholders in the company's shares as of December 31, 2022[91] - As of December 31, 2022, Masan Multi Strategy Fund holds 35,715,200 shares, representing 14.88% of the company's issued share capital[89] - Energy Luck Limited, owned by Mr. Wang Jucheng, holds 23,978,816 shares, accounting for 9.99% of the company's issued share capital[94] - Like Capital Limited, fully owned by Ethnocentric Investment Limited, holds 12,661,000 shares, which is 5.28% of the company's issued share capital[94] Dividend Policy - The company did not recommend the payment of any interim dividend for the nine months ended December 31, 2022[33] - The group did not recommend the payment of any interim dividend for the nine months ended December 31, 2022[55]

Financial Performance - The company's revenue for the six months ended September 30, 2022, was HKD 143,388,000, a decrease of 13.9% compared to HKD 166,655,000 for the same period in 2021[4] - Gross profit for the same period was HKD 12,621,000, down 30.4% from HKD 18,075,000 in the previous year[4] - The company reported a net loss of HKD 3,785,000 for the six months ended September 30, 2022, compared to a profit of HKD 8,206,000 in the same period of 2021[4] - Administrative expenses increased to HKD 18,229,000 from HKD 13,393,000, reflecting a rise of 36.5% year-on-year[4] - The company reported a basic loss per share of HKD 0.03 for the six months ended September 30, 2022, compared to earnings of HKD 4.24 per share in the previous year[4] - The group reported segment revenue from external customers of 75,396 million HKD for the six months ended September 30, 2022, compared to 144,386 million HKD for the same period last year, reflecting a decrease of approximately 47.5%[28] - The construction business segment generated revenue of 74,638 million HKD, while the securities investment segment reported a loss of 938 million HKD for the same period[28] - The group’s financial performance is assessed based on adjusted profit/loss before tax, consistent with the measurement of profit/loss before tax for the group[25] - The group reported a pre-tax profit of HKD 5,774,000 for the three months ended September 30, 2022, compared to HKD 5,578,000 in 2021, showing a slight increase of 3.5%[43] Cash Flow and Assets - The company's cash and cash equivalents decreased to HKD 38,404,000 from HKD 67,345,000, a decline of 42.9%[9] - The company reported a cash flow from operating activities of HKD (17,070,000) for the six months ended September 30, 2022, compared to HKD 80,779,000 in the same period last year[16] - The net cash flow from investing activities was HKD 5,407,000, a significant improvement from HKD (28,695,000) in the previous year[18] - The company’s cash and cash equivalents at the end of the period were HKD 35,596,000, down from HKD 108,433,000 at the end of the previous year[18] - The company’s total current assets amounted to HKD 216,874,000, slightly down from HKD 219,437,000[9] - The company's net asset value decreased to HKD 49,088,000 from HKD 51,974,000, a decline of 5.6%[9] - Non-current assets totaled HKD 79,391,000, down from HKD 80,371,000[9] - The group’s total liabilities decreased to HKD 3,216,000 as of September 30, 2022, compared to HKD 3,234,000 in 2021, reflecting a reduction of 0.6%[43] Segment Performance - The construction business segment's revenue from building construction and related services was approximately HKD 66,099,000, representing a 52% increase from HKD 43,402,000 in the previous year[75] - The electromechanical engineering segment generated revenue of approximately HKD 73,493,000, a slight decrease of about 7% from HKD 79,112,000 in the previous year[76] - The interior renovation segment saw a significant decrease of approximately 94%, with revenue of HKD 2,236,000 compared to HKD 37,097,000 in the previous year, primarily due to the sale of Beijing Changdi Construction Decoration Engineering Co., Ltd.[78] - The lending business segment recorded revenue of approximately HKD 1,449,000, an increase of about 240% compared to HKD 426,000 for the six months ended September 30, 2021[73] Shareholder and Corporate Governance - The company completed a placement of 40,000,000 shares at a price of HKD 0.80 per share, increasing the issued share capital by approximately 16.67%[130] - Major shareholders include Energy Luck Limited with 23,978,816 shares (11.99%) and Masan Multi Strategy Fund SPC with 34,171,200 shares (17.08%) as of September 30, 2022[141][142] - The company has adopted the corporate governance code as per GEM Listing Rules and has generally complied with it during the reporting period[151] - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing and supervising the group's financial controls and risk management systems[152] Employee and Remuneration - As of September 30, 2022, the company had 91 employees, with total employee benefit expenses amounting to approximately HKD 11,454,000, a slight increase from HKD 11,221,000 in the same period last year[131] - The company’s remuneration policy includes discretionary bonuses and share options to attract and retain high-quality employees[131] - The company’s employee benefits expenses increased primarily due to the hiring of additional staff in the electromechanical engineering sector[131] Future Outlook and Strategy - The group plans to continue balancing its construction business in Hong Kong and Macau, adopting a prudent strategy for project bidding to address challenges in the construction and engineering sectors[112] - The group aims to attract larger corporate clients and diversify its customer base due to the ongoing upward trend in overall building and construction spending[116] - The group will continue to apply for necessary licenses and permits to expand its service scope and selectively undertake new contracts[118] - The group has established a Treasury Management Committee to execute investment policies and guidelines, aiming to generate additional investment returns[120] - The group believes that the lending business will have a positive impact and return despite the challenging external environment[122]

Financial Performance - Revenue for the three months ended June 30, 2022, was HKD 68,762,000, a decrease of 7.3% compared to HKD 74,034,000 in the same period of 2021[6] - Gross profit for the same period was HKD 5,363,000, down 52.8% from HKD 11,346,000 year-on-year[6] - The company reported a loss before tax of HKD 3,719,000, compared to a profit of HKD 2,439,000 in the previous year[6] - Basic loss per share for the period was HKD 1.86, compared to earnings of HKD 1.35 per share in the prior year[6] - Total comprehensive loss for the period was HKD 3,719,000, compared to a total comprehensive income of HKD 1,960,000 in the same period last year[8] Revenue Breakdown - The group's revenue from customer contracts for the three months ended June 30, 2022, was HKD 67,190,000, a slight decrease from HKD 68,104,000 in the same period of 2021, representing a decline of approximately 1.34%[21] - The construction business segment generated revenue of HKD 26,205,000 from building construction, up from HKD 18,160,000 in the previous year, indicating a growth of approximately 44.5%[22] - The group's total revenue from external customers in Hong Kong was HKD 68,762,000 for the three months ended June 30, 2022, compared to HKD 60,263,000 in the same period of 2021, marking an increase of approximately 14.8%[19] - The securities investment segment reported a revenue of approximately HKD 747,000, a significant decrease of about 87% from approximately HKD 5,525,000 in the same period last year[39] - The property investment segment maintained revenue at approximately HKD 153,000, unchanged from the previous year[39] - The lending business segment saw an increase in revenue to approximately HKD 672,000, up about 167% from approximately HKD 252,000 in the same period last year[39] Expenses and Costs - Administrative expenses increased to HKD 9,449,000 from HKD 9,005,000, reflecting a rise of 4.9% year-on-year[6] - The group incurred employee benefits expenses of HKD 7,544,000 for the three months ended June 30, 2022, which is slightly lower than HKD 7,550,000 in the same period of 2021[27] - Financial costs decreased by approximately HKD 194,000 or 96% to about HKD 8,000, as there were no short-term loan interest expenses incurred during the reporting period[56] Other Income and Gains - Other income and gains rose to HKD 436,000 from HKD 225,000, an increase of 93.3% year-on-year[6] - The group reported other income of HKD 436,000 for the three months ended June 30, 2022, which is an increase from HKD 225,000 in the same period of 2021, reflecting a growth of approximately 93.3%[25] - Other income and gains increased by approximately HKD 200,000 or 94% to about HKD 400,000, mainly due to an increase in government subsidies during the reporting period[54] Investment and Strategy - The group aims to continue balancing its construction business development in Hong Kong and Macau, adopting a prudent strategy for project bidding[64] - The group will seek investment opportunities in listed securities and other financial products to generate additional income and enhance capital utilization[70] - The group’s investment strategy includes a diversified portfolio of fixed-income securities, aiming for competitive total returns[77] - The board will adopt more prudent measures to manage the investment portfolio in response to recent economic volatility and instability[70] Compliance and Governance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with local regulations[13] - The company has established an audit committee to review and supervise financial controls and risk management systems[96] Future Outlook - The company has not provided specific guidance for future performance or new product developments in the conference call[6] - The group continues to develop its lending business despite increased competition and uncertainty in the Hong Kong lending market, expecting positive impacts and returns[72] Shareholder Information - Energy Luck Limited and Mr. Wang Ju Cheng hold 23,978,816 shares, representing 11.99% of the company's issued share capital[88] - Masan Multi Strategy Fund SPC — Masan HK Equity Fund SP holds a total of 34,171,200 shares, accounting for 17.08% of the company's issued share capital[88] Miscellaneous - The group did not recognize any revenue from its operations in mainland China for the three months ended June 30, 2022, due to the sale of its subsidiary Beijing Changdi Construction Decoration Engineering Co., Ltd. in August 2021[19] - The group has no significant contingent liabilities or capital commitments as of the reporting date[57][58] - The group has no unexercised share options as of June 30, 2022, under the share option scheme adopted in August 2015[79] - A subscription agreement was signed on August 11, 2022, for the issuance of bonds totaling HKD 20,000,000 with a coupon rate of 7%[97]