AGTECH 亞博科技控股有限公司 (於百慕達註冊成立之有限公司) 股份代號:8279 2019 中 期 業 績 報 告 財 富 · 幸 福 · 健 康 . 幸 運 . 責 任 GEM之特色 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。有意投資之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上市公司一般為中小型公司，在GEM買賣之證券可能會較於主板買賣之 證券承受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市 場。 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報告之內容概不負責， 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之任何損失承擔任何責任。 本報告之資料乃遵照GEM上市規則而刊載，旨在提供有關本公司之資料；各董事願 就本報告之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 就其所深知及確信，本報告所載資料在各重要方面均屬準確完備，沒有誤導或欺詐 成分，且並無遺漏任何其他事項，足以令致本報告所載 ...

Financial Performance - The group's revenue for the three months ended March 31, 2019, was approximately HKD 20,200,000, an increase of about 14.1% compared to HKD 17,700,000 for the same period in 2018[5]. - The loss for the three-month period was approximately HKD 71,000,000, a significant decline from a profit of approximately HKD 170,700,000 in the same period of 2018[5]. - Basic loss per share for the three-month period was HKD 0.65, compared to a profit of HKD 1.56 per share in the same period of 2018[10]. - The total comprehensive loss for the period was HKD 53,819,000, compared to a total comprehensive income of HKD 206,466,000 in the previous year[10]. - The diluted loss per share for the three-month period was approximately HKD 60,589,000, resulting in a diluted loss per share of about HKD 4.89, calculated based on an adjusted weighted average of approximately 12,375,701,000 shares[16]. - The company reported a comprehensive loss of approximately HKD 56,300,000 for the period[19]. Revenue Sources - Revenue from lottery hardware sales increased by approximately HKD 3,500,000, while revenue from lottery games and systems increased by approximately HKD 900,000[5]. - Revenue from lottery hardware was HKD 8,968,000, up from HKD 5,452,000 in 2018, while revenue from lottery distribution and supporting services decreased to HKD 3,424,000 from HKD 5,104,000[13]. - The increase in revenue was primarily due to a rise in lottery hardware sales by approximately HKD 3,500,000 and an increase in lottery games and systems revenue by about HKD 900,000, mainly from virtual sports lottery game sales[37]. Dividends - The company did not recommend the payment of an interim dividend for the three-month period[5]. - The board of directors did not recommend the payment of an interim dividend for the three-month period[17]. Strategic Focus - The company is focused on expanding its lottery, mobile gaming, and entertainment services in selected international markets, leveraging its affiliation with Alibaba Group and Ant Financial[20]. - The company aims to enhance its lottery products and services through innovation and marketing, while expanding the coverage of lottery products in China[21]. - The company will continue to develop a diversified gaming and entertainment platform, integrating unique social gaming and sports entertainment content[21]. - The company is committed to assisting lottery authorities in expanding their product offerings and promoting overall industry development[21]. - The group plans to enhance user experience by developing more features on its lottery resource channel launched on mobile Taobao and Alipay, which provides various lottery-related information[35]. - The group aims to leverage Alibaba Group's extensive offline retail network to integrate lottery products and services, enhancing digital management of lottery services across China[35]. - The group is collaborating with Gamepind to introduce more products tailored for the Indian market, including trivia and cricket-related content, to capitalize on the growing mobile entertainment market[36]. - The group expects to benefit from significant potential synergies through collaboration with Alibaba Group and Ant Financial in the lottery business[35]. Market Overview - The lottery market sales in China for the three-month period reached approximately RMB 106.3 billion, representing a year-on-year increase of about 2.1%[23]. - The sales of welfare lottery amounted to approximately RMB 49 billion, accounting for about 46.1% of total lottery sales, which is a decrease of approximately 6.1% compared to the same period in 2018[23]. - The sales of sports lottery were approximately RMB 57.2 billion, making up about 53.9% of total lottery sales, with a year-on-year increase of approximately 10.3%[23]. Technology and Innovation - The company has developed a virtual sports betting platform, AGT, which operates two virtual sports games, "Lucky Racing" and "E-Soccer," in China[29]. - The company has launched a dedicated lottery resource channel on mobile Taobao and Alipay, providing various lottery-related services and resources[27]. - The company has partnered with Guangdong Sports Lottery Center to apply its enterprise smart office service platform technology to meet digital management needs[26]. - The company is preparing for potential approval and authorization of online lottery product distribution, leveraging its technical expertise in the lottery sector[31]. Financial Management - The net proceeds from the subscription amounted to approximately HKD 2,380,000,000, with about HKD 1,579,700,000 remaining in the group's bank accounts as of March 31, 2019[38]. - The total net proceeds allocated for various purposes amounted to HKD 2,032,000,000, with actual usage of HKD 452,300,000 as of December 31, 2019[46]. - The company allocated HKD 746,000,000 for the development of Chinese chess and other gaming activities, with HKD 66,000,000 actually utilized[39]. - For lottery hardware and system development, HKD 200,000,000 was allocated, with HKD 96,000,000 utilized, representing approximately 48% of the allocated amount[41]. - The company plans to invest HKD 450,000,000 in potential acquisitions and projects in the gaming and entertainment sectors, with HKD 67,100,000 already utilized[44]. - A total of HKD 336,000,000 was allocated for general corporate purposes, with HKD 134,300,000 utilized, primarily for employee costs and administrative expenses[46]. Shareholder Information - As of March 31, 2019, the total number of issued shares was 11,272,342,235, with significant holdings by directors, including Sun Hao with 2,046,408,000 shares, representing 18.15%[50]. - Ali Fortune holds a beneficial interest in 7,435,684,440 shares, representing 65.96% of the total issued shares[59]. - Mr. Ma Yun holds a beneficial interest in 2,006,250,000 shares, which accounts for 17.80% of the total issued shares[59]. - The company has convertible bonds amounting to HKD 332,328,165, convertible into a maximum of 1,332,960,447 shares at an adjusted conversion price of HKD 0.2493 per share[60]. - The company has not reported any significant changes in the shareholdings of its directors in Alibaba Group, with negligible percentages held[56]. Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the three-month period[64]. - The company confirmed compliance with the GEM Listing Rules regarding securities trading by directors during the three-month period[65]. - The company has no other individuals holding interests in its shares or related securities that require disclosure under the Securities and Futures Ordinance[62]. - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[80].

| --- | --- | |---------------------------------------------------------------------------------------|-------| | | | | 告 年 報 度 AGTECH 亞博科技控股有限公司 ( 於百慕達註冊成立之有限公司 ) 股份代號: 8279 | | 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主 | | | 板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 | ...