Financial Performance - For the fiscal year ending December 31, 2024, the company recorded a net loss of approximately HKD 2.0 million, a significant reduction from a net loss of approximately HKD 32.9 million in the same period of 2023[8]. - The group's revenue decreased by approximately 65.7% from about HKD 108.8 million for the year ended December 31, 2023, to about HKD 37.3 million for the year ended December 31, 2024[16]. - Revenue from game operations and publishing dropped from approximately HKD 40.5 million (37.3%) in 2023 to about HKD 8.8 million (23.7%) in 2024, a decrease of about 78.7%[17]. - Software service revenue fell from approximately HKD 67.4 million (61.9%) in 2023 to about HKD 28.5 million (76.3%) in 2024, a reduction of about 57.7%[18]. - The company recorded a loss of approximately HKD 2.0 million for the year ended December 31, 2024, compared to a loss of about HKD 32.9 million in 2023[25]. - Total revenue for the year ended December 31, 2024, was HKD 37.298 million, a decrease of 65.7% compared to HKD 108.816 million in 2023[192]. - The company reported a loss before tax of HKD 1.813 million for the year ended December 31, 2024, compared to a loss of HKD 32.919 million in 2023[192]. Cost Management - Sales expenses decreased by approximately 91.7%, from about HKD 17.9 million for the fiscal year ending December 31, 2023, to approximately HKD 1.5 million for the fiscal year ending December 31, 2024[8]. - Administrative expenses were reduced by approximately 62.3%, from about HKD 28.4 million for the fiscal year ending December 31, 2023, to approximately HKD 10.7 million for the fiscal year ending December 31, 2024[8]. - The cost of services provided decreased by approximately 71.3% from about HKD 94.7 million in 2023 to about HKD 27.2 million in 2024[19]. - Other losses decreased by approximately 99.3% from about HKD 5.6 million in 2023 to about HKD 0.04 million in 2024[22]. - Total employee cost for the year ended December 31, 2024, was approximately HKD 1.0 million, a decrease from approximately HKD 24.3 million for the year ended December 31, 2023[50]. Corporate Governance - The board of directors emphasizes the importance of maintaining high levels of corporate governance to build trust with shareholders and stakeholders[68]. - The company has adopted anti-bribery and anti-corruption policies since 2019, which include guidelines on gifts, hospitality, and reporting mechanisms for suspected corruption[69]. - The board conducts annual assessments of the independence of non-executive directors to ensure independent opinions and recommendations[70]. - The company has established a corporate culture aligned with its vision, values, and business strategy, which is crucial for sustainable development[75]. - The company has adopted a shareholder communication policy since 2019 to maintain effective dialogue with shareholders[70]. - The board's diversity policy has been in place since 2019 and is reviewed annually by the nomination committee[72]. - The company complies with the GEM listing rules and has implemented most of the new corporate governance regulations introduced in 2022[69]. - The board of directors is responsible for overseeing the company's business management and ensuring alignment with shareholder interests, while also monitoring business performance and approving financial statements[79]. Risk Management - The company faces significant risks including intense competition in the mobile gaming industry and rapid technological changes that could render its games outdated[14]. - The company emphasizes the importance of risk management to effectively mitigate operational and financial risks[14]. - The risk management framework established in 2016 is regularly reviewed to ensure effective internal controls and risk management[135]. - The group maintains a risk register to track identified major risks and actions taken to mitigate them, updated at least annually[136]. - The internal audit department reviews key operational processes to ensure compliance with risk management policies[137]. Shareholder and Board Matters - The company will propose the re-election of Dr. Liu Yi and Mr. Jin Baoting at the upcoming annual general meeting, ensuring continuity in leadership[90]. - The company has appointed three independent non-executive directors, meeting the GEM listing rules requirements for independence and qualifications[83]. - The service contracts for executive directors are set for an initial term of three years starting December 16, 2024, with independent non-executive directors' appointments also set for three years starting January 7, 2025[87]. - The board believes that having the same individual serve as both chairman and CEO provides strong and consistent leadership, facilitating the execution of the company's business strategy[91]. - The company has established three committees: Remuneration Committee, Nomination Committee, and Audit Committee, each with clear written terms of reference[94]. Future Plans and Developments - The company plans to leverage its headquarters in Hangzhou to develop AI models for the gaming sector, aiming for trial operations by 2025 to enhance efficiency and reduce costs in game development[9]. - The company has expanded its trade business related to game IP peripheral production, which is expected to further increase revenue[9]. - Management anticipates that the new business segment related to the clothing manufacturing service will reflect revenue and expenses in the consolidated financial statements for the year ending December 31, 2025[188]. Compliance and Legal Matters - The company has complied with all relevant environmental laws and regulations during the fiscal year ending December 31, 2024[145]. - The independent auditor, Hua Pu (Hong Kong) CPA Limited, was appointed on November 30, 2022, and will be proposed for reappointment at the upcoming annual general meeting[186]. - The group has established internal control procedures for handling and disclosing inside information, complying with GEM listing rules[130]. Share Capital and Financial Position - The company's debt-to-asset ratio as of December 31, 2024, was approximately 16.7%, a significant decrease from 53.5% as of December 31, 2023[45]. - The total liabilities as of December 31, 2024, were HKD 4.571 million, a significant decrease of 65.5% from HKD 13.261 million in 2023[192]. - The total distributable reserves available to the company's shareholders amounted to approximately HKD 12,943,000, compared to HKD 6,396,000 in 2023[160].

Company Overview - GAMEONE HOLDINGS LIMITED is listed on the GEM market, which carries higher investment risks compared to other companies listed on the main board[2]. - The company confirms that the information provided in the announcement is accurate and complete, with no misleading or fraudulent elements[3]. - Investors are advised to understand the potential risks associated with investing in GEM-listed companies[2]. Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 37,298,000 (approximately USD 4.77 million), compared to HKD 108,816,000 in 2023, representing a decrease of 65.7%[5]. - Gross profit for the year was HKD 10,081,000, down from HKD 14,088,000 in 2023, indicating a decline of 28.5%[5]. - The company reported a net loss of HKD 1,956,000 for the year, compared to a net loss of HKD 32,919,000 in the previous year, showing an improvement of 40.3%[5]. - Operating expenses totaled HKD 2,172,000, a decrease from HKD 33,075,000 in 2023, reflecting a significant reduction of 93.4%[5]. - The basic loss per share for the year was HKD 4.52, compared to HKD 128.40 in 2023, indicating a substantial improvement[5]. - Other income decreased to HKD 384,000 from HKD 5,027,000 in the previous year, a decline of 92.4%[5]. - Selling expenses were HKD 1,483,000, down from HKD 17,906,000 in 2023, representing a decrease of 91.7%[5]. - Administrative expenses were HKD 10,722,000, reduced from HKD 28,448,000 in the previous year, indicating a decrease of 62.3%[5]. - The company experienced a foreign exchange loss of HKD 216,000, compared to a loss of HKD 156,000 in 2023, reflecting a 38.5% increase in losses[5]. - The total comprehensive loss for the year was HKD 2,172,000, down from HKD 33,075,000 in 2023, showing a significant improvement of 93.4%[5]. Assets and Liabilities - Total assets increased from HKD 11,504 million in 2023 to HKD 22,877 million in 2024, representing a growth of 99.5%[6]. - Cash and cash equivalents rose from HKD 4,744 million in 2023 to HKD 5,888 million in 2024, an increase of 24.1%[6]. - Share capital increased from HKD 2,400 million in 2023 to HKD 3,800 million in 2024, reflecting a growth of 58.3%[6]. - Retained earnings grew from HKD 9,540 million in 2023 to HKD 19,862 million in 2024, a significant increase of 108.5%[6]. - Current assets net value surged from HKD 643 million in 2023 to HKD 11,108 million in 2024, marking a substantial increase of 1,628.5%[6]. - Total liabilities decreased from HKD 13,261 million in 2023 to HKD 4,310 million in 2024, a reduction of 67.5%[6]. - The company reported a net asset value of HKD 22,877 million in 2024, up from HKD 11,504 million in 2023, indicating an increase of 99.5%[6]. - The company’s total equity rose from HKD 11,504 million in 2023 to HKD 22,877 million in 2024, reflecting a growth of 99.5%[6]. - The company’s intangible assets increased from HKD 9,057 million in 2023 to HKD 10,168 million in 2024, a rise of 12.3%[6]. - The company’s lease liabilities were recorded at HKD 250 million in 2024, compared to zero in 2023, indicating the introduction of new lease obligations[6]. Revenue Segments - For the fiscal year ending December 31, 2024, the total revenue from the software services segment was HKD 28,461 thousand, while the gaming business generated HKD 8,837 thousand, totaling HKD 37,298 thousand[19]. - The total revenue for the fiscal year ending December 31, 2023, was HKD 108,816 thousand, with software services contributing HKD 67,374 thousand and gaming business contributing HKD 41,442 thousand[20]. - Revenue from China for the fiscal year ending December 31, 2024, was HKD 28,229 thousand, a significant decrease from HKD 67,374 thousand in 2023[24]. - Revenue from Hong Kong for the fiscal year ending December 31, 2024, was HKD 9,069 thousand, down from HKD 40,296 thousand in 2023[24]. - The company identified three main business segments: gaming business, software services, and trade agency services, with the latter being a new reportable segment as of December 31, 2024[19]. - The software services business generated revenue contributions from major clients, with Client A contributing HKD 34,328 thousand, Client B contributing HKD 16,493 thousand, and Client C contributing HKD 11,477 thousand for the fiscal year ending December 31, 2024[27]. - Revenue from gaming operations reached HKD 8,837 million in 2024, compared to HKD 40,170 million in 2023[29]. - Software services revenue was HKD 28,461 million in 2024, with a significant increase from HKD 67,374 million in 2023[29]. Cost and Expenses - The cost of services provided decreased by approximately 71.3% from about HKD 94.7 million to about HKD 27.2 million, mainly due to a reduction in software service-related costs and channel expenses[82]. - Gross profit decreased by approximately 28.4% from about HKD 14.1 million to about HKD 10.1 million, with a gross margin of approximately 27.0%, an increase of about 14.1 percentage points from 12.9%[83]. - Other losses decreased by approximately 99.3% from about HKD 5.6 million to approximately HKD 0.04 million, primarily due to the absence of impairment losses on intangible assets in the current year[84]. - Selling expenses decreased by approximately 91.7% from about HKD 17.9 million to about HKD 1.5 million, mainly due to reduced advertising expenses[85]. - Administrative expenses decreased by approximately 62.3% from about HKD 28.4 million to about HKD 10.7 million, primarily due to reductions in employee costs and legal and professional fees[87]. Taxation and Losses - The estimated taxable profit generated in Hong Kong for the group is subject to a tax rate of 16.5%, but no taxable profit was generated in both years, resulting in no provision for Hong Kong profits tax[56]. - As of December 31, 2024, the group has tax losses of approximately HKD 8,678,000 in China, compared to HKD 1,543,000 in 2023, which can be utilized to offset future taxable profits within one to five years[59]. - The group has unutilized tax losses of approximately HKD 72,000,000 as of December 31, 2024, compared to HKD 67,024,000 in 2023, which can be carried forward indefinitely[59]. - The group recorded a pre-tax loss of HKD 32,919,000 for 2023, with a tax expense of HKD 143,000 for 2024[57]. Share Capital and Financing - The company's issued share capital increased to 38,000,000 shares with a par value of HKD 0.1 per share as of December 31, 2024, following a rights issue and a general placement of new shares[92]. - The company completed a rights issue on January 24, 2024, raising approximately HKD 12.2 million net of expenses, by issuing 12,000,000 shares at HKD 1.10 each, representing about 33.3% of the enlarged issued share capital[97]. - The company completed a placement on November 26, 2024, raising approximately HKD 1.0 million net of expenses, by issuing 2,000,000 shares at HKD 0.55 each, which accounted for about 5.3% of the enlarged issued share capital[94][100]. - The net proceeds from the rights issue were allocated as follows: HKD 6.1 million for developing and operating network security business, HKD 2.0 million for general working capital, and HKD 2.4 million for expanding workforce to support business development[98]. - The net proceeds from the placement were fully allocated to general working capital, amounting to HKD 1.0 million[99][100]. - The company had no bank borrowings as of December 31, 2024, and did not arrange any bank financing during the fiscal year[93]. - There were no significant acquisitions or disposals of subsidiaries, joint ventures, or associates during the fiscal year ending December 31, 2024[101]. Corporate Governance - The company believes that having the same individual serve as both Chairman and CEO ensures consistency and continuity in strategic planning and execution[128]. - The company has adopted strict guidelines for directors' securities trading, in compliance with GEM Listing Rules, with no violations reported during the review period[130]. - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries for the fiscal year ending December 31, 2024[131]. - The board does not recommend a final dividend for the fiscal year ending December 31, 2024, consistent with the previous year[132]. - The audit committee, established on December 23, 2015, has reviewed the consolidated financial statements for the fiscal year ending December 31, 2024, and found them compliant with applicable accounting standards[137]. Future Plans and Developments - The company plans to develop a large AI model platform by 2025 to enhance the efficiency and cost-effectiveness of game product development[126]. - The company has expanded its trading business related to game IP peripherals, aiming to further increase group revenue[126]. - The management anticipates launching a new business segment following the signing of the garment manufacturing service framework agreement, with related revenues and expenses expected to be reflected in the consolidated financial statements for the fiscal year ending December 31, 2025[140].

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 20,046,000, a decrease of 74.1% compared to HKD 77,359,000 for the same period in 2023[10] - Gross profit for the same period was HKD 7,547,000, down 51.6% from HKD 15,594,000 in 2023[10] - Operating profit for the six months was HKD 142,000, a significant improvement from an operating loss of HKD 9,836,000 in 2023[10] - The company reported a net profit of HKD 142,000 for the period, compared to a net loss of HKD 9,861,000 in the previous year[10] - The company’s total comprehensive income for the period was HKD 988,000, compared to a total comprehensive loss of HKD 10,255,000 in 2023[10] - The total comprehensive loss for the period was HKD (10,255) thousand, compared to a loss of HKD (200) thousand in the previous period[15] - The company's net profit for the six months ended June 30, 2024, was approximately HKD 0.1 million, compared to a net loss of HKD 9.9 million for the same period in 2023[49] Assets and Equity - Total assets as of June 30, 2024, were HKD 25,201,000, an increase from HKD 11,504,000 as of December 31, 2023[12] - The company's equity attributable to owners increased to HKD 25,402,000 from HKD 11,940,000 at the end of 2023[12] - The company reported a total equity of HKD 25,402 thousand as of June 30, 2024, down from HKD 34,324 thousand as of June 30, 2023[15] - The company’s accumulated losses reached HKD (122,100) thousand as of June 30, 2024, compared to HKD (99,820) thousand at the same time in 2023[15] Cash Flow - For the six months ended June 30, 2024, the company reported a net cash outflow from operating activities of HKD (6,744) thousand, compared to HKD (5,523) thousand for the same period in 2023[17] - The net cash outflow from investing activities was HKD (6,214) thousand for the six months ended June 30, 2024, compared to HKD (3,336) thousand in 2023[17] - The financing activities generated a cash inflow of HKD 12,273 thousand for the six months ended June 30, 2024, compared to a cash outflow of HKD (664) thousand in 2023[17] - As of June 30, 2024, the company's cash and cash equivalents decreased to HKD 4,002 thousand from HKD 17,894 thousand at the end of the previous year[17] Revenue Breakdown - Software services revenue was HKD 11,097,000, down 79.7% from HKD 54,467,000 in 2023, while gaming business revenue was HKD 8,949,000, down 60.9% from HKD 22,892,000[24] - The group had one customer contributing over 10% of total revenue in 2024, compared to two customers in 2023[27] Expenses - Administrative expenses decreased by approximately 68.6% to HKD 6.1 million for the six months ended June 30, 2024, from HKD 19.4 million in the same period of 2023[48] - Sales expenses decreased by approximately 80.8% to HKD 1.4 million for the six months ended June 30, 2024, from HKD 7.3 million in the same period of 2023[47] - The cost of services provided decreased by approximately 79.8% to HKD 12.5 million for the six months ended June 30, 2024, from HKD 61.8 million in the same period of 2023[45] Shareholder Information - Liu Mr. holds 14,288,677 shares, representing approximately 39.69% of the company's equity, while Huang Mr. holds 6,071,625 shares, representing approximately 16.87%[65] - Topliu Limited, wholly owned by Liu Mr., is a beneficial owner of 14,288,677 shares, accounting for approximately 39.89% of the company's equity[66] Corporate Governance - The company has complied with all applicable corporate governance codes during the reporting period, with a noted deviation regarding the roles of the Chairman and CEO being held by the same individual[74] - The company has adopted a code of conduct for securities trading, which has been adhered to by all directors during the reporting period[73] - The audit committee was established on December 23, 2015, and complies with GEM listing rules, ensuring at least one member has appropriate professional qualifications in accounting or finance[78] Rights Issue - The company completed a rights issue on January 24, 2024, raising net proceeds of approximately HKD 12.2 million[51] - The company announced a rights issue on November 21, 2023, to raise approximately HKD 13.2 million, with a subscription price of HKD 1.10 per share, representing a premium of about 6.8% over the theoretical closing price of HKD 1.03 on the announcement date[52] - As of June 30, 2024, the net proceeds from the rights issue were utilized as follows: HKD 5.5 million for developing and operating cybersecurity business, HKD 2.0 million for legal and professional fees, and HKD 0.4 million for expanding workforce[53] Other Information - The company has no specific plans for significant investments or acquisitions of capital assets as of June 30, 2024[56] - The company faces foreign currency risk primarily from overseas revenue and payments in USD and JPY, with no current foreign currency hedging policy in place[57] - There have been no significant events after June 30, 2024, up to the date of this report[79] - The interim results announcement and report will be published on the Hong Kong Stock Exchange and the company's website, with printed copies available upon request[80]

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of HKD 20,046,000, a decrease of 74.1% compared to HKD 77,359,000 for the same period in 2023[10] - The gross profit for the same period was HKD 7,547,000, down 51.6% from HKD 15,594,000 in 2023[10] - Operating profit for the period was HKD 142,000, a significant improvement from an operating loss of HKD 9,836,000 in the previous year[10] - The company recorded a net profit of HKD 142,000, compared to a net loss of HKD 9,861,000 in the same period last year[10] - Total comprehensive income for the period was HKD 988,000, recovering from a total comprehensive loss of HKD 10,255,000 in the previous year[10] - Basic and diluted earnings per share were HKD 0.41, a recovery from a loss per share of HKD 40.75 in the same period last year[10] - The company experienced a net loss of HKD (9,861,000) for the period, compared to a loss of HKD (200,000) in the previous period, indicating a significant increase in losses[15] - The group reported an operating profit of HKD 142,000 for the six months ended June 30, 2024, compared to an operating loss of HKD 9,836,000 for the same period in 2023[24] - The company recorded a net profit of approximately HKD 0.1 million for the six months ended June 30, 2024, compared to a net loss of approximately HKD 9.9 million in the same period of 2023, primarily due to an increase in overall gross margin from about 20.2% to approximately 37.5%[49] Revenue Breakdown - Software services revenue was HKD 11,097,000, down 79.7% from HKD 54,467,000 in the previous year, while gaming business revenue was HKD 8,949,000, down 60.9% from HKD 22,892,000[24] - The group recognized government grants of HKD 57,000 and interest income of HKD 14,000, totaling other income of HKD 175,000 for the six months ended June 30, 2024, down from HKD 1,223,000 in 2023[28] Assets and Liabilities - As of June 30, 2024, total assets amounted to HKD 25,201,000, compared to HKD 11,504,000 as of December 31, 2023, reflecting a significant increase of 119%[12] - The company reported a total equity of HKD 24,766,000 as of June 30, 2024, up from HKD 11,504,000 at the end of 2023, representing a growth of 115%[12] - The company’s total liabilities decreased significantly, with current liabilities dropping to HKD 961,000 from HKD 13,261,000, a reduction of 92.7%[12] - The company's debt-to-asset ratio as of June 30, 2024, is approximately 3.67%, a significant decrease from approximately 53.5% on December 31, 2023[69] Cash Flow and Investments - The company's cash and cash equivalents decreased to HKD 4,002,000 from HKD 4,744,000, a decline of 15.6%[17] - Net cash used in operating activities for the six months ended June 30, 2024, was HKD (6,744,000), compared to HKD (5,523,000) for the same period in 2023, indicating a worsening cash flow situation[17] - Cash used in investing activities increased to HKD (6,214,000) from HKD (3,336,000), indicating a higher investment outflow[17] - The company invested approximately HKD 514,000 in property, plant, and equipment during the six months ended June 30, 2024, compared to HKD 280,000 in the same period of 2023[34] Cost Management - The cost of services provided decreased by approximately 79.8% to HKD 12.5 million for the six months ended June 30, 2024, from HKD 61.8 million for the same period in 2023[45] - Administrative expenses decreased by approximately 68.6% to about HKD 6.1 million for the six months ended June 30, 2024, from HKD 19.4 million in the same period of 2023[48] - Sales expenses decreased by approximately 80.8% to HKD 1.4 million for the six months ended June 30, 2024, compared to HKD 7.3 million in the same period of 2023[47] - The total employee cost for the six months ended June 30, 2024, is approximately HKD 2.58 million, a decrease from approximately HKD 9.0 million for the same period in 2023[63] Corporate Governance - The company is committed to maintaining compliance with GEM listing rules and ensuring transparency in its financial reporting[2] - The company has complied with all applicable corporate governance codes and rules during the reporting period, with one exception regarding the separation of roles between the Chairman and CEO[74] - The audit committee, established on December 23, 2015, includes independent non-executive directors and has reviewed the unaudited consolidated results for the six months ending June 30, 2024[78] - The company has confirmed compliance with the GEM listing rules regarding the audit committee's composition and qualifications[78] Future Outlook - The company aims to enhance its market presence and is exploring new product development strategies[10] - Future outlook includes a focus on cost management and operational efficiency to improve profitability[10] Shareholder Information - The company did not declare or pay any dividends for the six months ended June 30, 2024, consistent with the same period in 2023[32] - The company does not recommend the payment of an interim dividend for the six months ended June 30, 2024, compared to no dividend for the same period in 2023[64] - The company completed a rights issue on January 24, 2024, raising approximately HKD 12.2 million net of expenses, with a total of 12,000,000 shares issued, representing about 33.3% of the enlarged issued share capital[52] Employee and Subsidiary Information - The company has a total of 30 employees in China and 47 in Hong Kong as of June 30, 2024[63] - The company has made investments in its subsidiaries, including approximately RMB 4.3 million (approximately HKD 5.0 million) in Zhejiang Zhi'ao and USD 1 million (approximately HKD 7.85 million) in Heilongjiang Zhi'ao as of June 30, 2024[61]

Financial Performance - The company recorded a net loss of approximately HKD 33.0 million for the fiscal year ending December 31, 2023, compared to a net loss of HKD 11.1 million in the same period of 2022, indicating a significant increase in losses[9]. - The decrease in operating revenue from licensed mobile games contributed to a reduction in gross profit by HKD 9.4 million in 2023[9]. - Gross profit decreased by approximately 40.0% to about HKD 14.1 million in 2023, with a gross margin of approximately 12.9%, down from 25.7% in 2022[20]. - The company recorded a loss of approximately HKD 33.0 million in 2023, compared to a loss of about HKD 11.1 million in 2022, attributed to decreased gross profit and increased administrative expenses[24]. - The company's revenue increased by approximately 19.2% from about HKD 91.3 million in 2022 to approximately HKD 108.8 million in 2023, primarily due to increased income from software and technology services in mainland China[18]. Expenses and Costs - Administrative expenses increased by HKD 11.7 million in 2023 due to rising employee costs and office supplies[9]. - Administrative expenses increased by approximately 69.0% to about HKD 28.4 million in 2023, primarily due to rising employee costs and office supplies[23]. - The cost of services provided increased by approximately 39.7% to about HKD 94.7 million in 2023, mainly due to increased costs related to software services in mainland China[19]. - The total employee cost for the year ending December 31, 2023, reached approximately HKD 24.3 million, an increase from approximately HKD 15.6 million for the year ending December 31, 2022[44]. Corporate Governance - The company has adhered to the corporate governance code and principles as per GEM listing rules, ensuring accountability and transparency[67]. - The company has implemented anti-corruption policies since 2019, including guidelines on gifts, hospitality, and reporting mechanisms for suspected corruption[67]. - The board is responsible for fostering a healthy corporate culture aligned with the company's vision, values, and business strategy[67]. - The company has been recognized for its high-level corporate governance practices, which are crucial for maintaining stakeholder trust[66]. - The board includes independent non-executive directors who provide independent opinions and oversight[60][62][63]. Risk Management - The company faces significant risks including intense competition in the mobile gaming industry and the rapid technological changes that may render its games outdated[15]. - The company is actively working to manage operational and financial risks to mitigate potential challenges in the market[15]. - The company has established a framework for internal controls and risk management, which is regularly assessed by the audit committee[103]. - The group has established a corporate risk management framework since 2016, following the COSO framework to effectively manage risks faced by the company[141]. Market and Business Development - The company aims to expand its market share in mainland China by leveraging its headquarters in Hangzhou[10]. - The company has signed contracts with multiple banks in mainland China for its cybersecurity technology services, generating revenue[10]. - The company’s main business includes providing software services, internet security technology services, and big data analysis services to customers in China[154]. Shareholder Information - The total reserves available for distribution to shareholders as of December 31, 2023, amounted to approximately HKD 8,796,000, down from HKD 11,186,000 in 2022[167]. - The group did not declare a final dividend for the year ending December 31, 2023, consistent with the previous year where no dividend was paid[156]. - The company has established a dividend policy that considers various factors, including financial performance, shareholder equity, and future capital requirements, ensuring a balanced approach to dividend distribution[127]. Employee and Management - The total number of employees decreased to 27 as of December 31, 2023, from 50 on December 31, 2022[44]. - Liu Yi was appointed as Executive Director and CEO on January 7, 2022, overseeing overall strategic planning and management[58]. - Huang Jianying joined as Executive Director on December 16, 2021, with extensive experience in management and the apparel industry[59]. Compliance and Legal Matters - The company confirmed it has maintained the public float required by GEM listing rules as of the report date[193]. - The independent auditor, Hua Pu (Hong Kong) CPA Limited, was appointed on November 30, 2022, following the resignation of another firm[196]. - The group recognizes the importance of compliance with relevant laws and regulations, with no significant non-compliance issues reported for the year ending December 31, 2023[150]. Environmental and Social Responsibility - The group has implemented green initiatives and measures in its daily operations, adhering to all relevant environmental laws and regulations for the year ending December 31, 2023[149]. - The company has not made any charitable donations during the year ending December 31, 2023, remaining at zero as in the previous year[161].

Financial Performance - For the fiscal year ending December 31, 2023, the company recorded a net loss of approximately HKD 33.0 million, compared to a net loss of HKD 11.1 million in the same period of 2022, indicating a significant increase in losses[13]. - The decrease in revenue from licensed mobile games led to a reduction in gross profit by HKD 9.4 million in 2023[13]. - Administrative expenses increased by HKD 11.7 million in 2023 due to rising employee costs and office supplies[13]. - The company recognized an impairment loss of approximately HKD 5.6 million on intangible assets for the fiscal year ending December 31, 2023[13]. - The company recorded a net loss of approximately HKD 33.0 million for the fiscal year ending December 31, 2023, compared to a net loss of approximately HKD 11.1 million in the same period of 2022, primarily due to decreased revenue from licensed mobile games and increased administrative expenses[18][28]. - Revenue increased by approximately 19.2% from about HKD 91.3 million in 2022 to approximately HKD 108.8 million in 2023, mainly driven by increased income from software and technology services in mainland China[22]. - The gross profit decreased by approximately 40.0% from about HKD 23.5 million in 2022 to approximately HKD 14.1 million in 2023, with a gross margin of approximately 12.9%, down from 25.7% in the previous year[24]. - Software service revenue accounted for 61.9% of total revenue in 2023, increasing from 32.5% in 2022, while revenue from game operations and publishing dropped to 37.3% from 63.1%[23]. - Administrative expenses rose by approximately 69.0% from about HKD 16.8 million in 2022 to approximately HKD 28.4 million in 2023, primarily due to increased employee costs and office supplies[27]. - The cost of services provided increased by approximately 39.7% from about HKD 67.8 million in 2022 to approximately HKD 94.7 million in 2023, influenced by rising costs associated with software services in mainland China[22]. Corporate Governance - The company has established a corporate governance framework that aligns with the GEM Listing Rules, ensuring accountability and transparency[71]. - The board of directors is responsible for formulating business strategies, reviewing and monitoring the group's performance, and approving financial statements and annual budgets[83]. - The company has maintained a female representation of approximately 20.0% on the board level as of December 31, 2023[76]. - The board has implemented a whistleblowing policy since 2019, ensuring that any confirmed cases are reported to the board and audit committee[73]. - The company has adopted an anti-bribery and anti-corruption policy since 2019, which includes guidelines on gifts, hospitality, and reporting mechanisms for suspected corruption[73]. - The board's diversity policy has been reviewed annually since 2019 to ensure independent viewpoints are obtained[73]. - The company has committed to maintaining high standards of business ethics and corporate governance across all operations[79]. - The company has a shareholder communication policy in place since 2019 to maintain effective dialogue with shareholders[73]. - The company has been compliant with the corporate governance code as of the report date, with minor deviations noted[71]. - The independent non-executive directors play a crucial role in providing impartial opinions on the company's strategy and performance, ensuring the interests of all shareholders are considered[87]. - The company has provided training for all directors, ensuring they attended at least one course related to good corporate governance practices during the year ending December 31, 2023[95]. - The company has appointed three independent non-executive directors, meeting the GEM listing rules requirements[87]. - The chairman and CEO roles are held by the same individual, which the board believes ensures consistency in strategy planning and execution[94]. - The independent non-executive directors' independence is evaluated annually by the nomination committee and the board[89]. - The board of directors has established three committees: the Remuneration Committee, the Nomination Committee, and the Audit Committee, each with defined written terms of reference[96]. - The Remuneration Committee held one meeting in the fiscal year ending December 31, 2023, to review the remuneration of directors and senior management, finding it fair and reasonable[100]. - The Nomination Committee also held one meeting during the fiscal year to review and recommend the re-election of directors[104]. - The Audit Committee conducted four meetings in the fiscal year to review the financial performance for 2022 and 2023, ensuring compliance with applicable accounting standards and regulations[107]. - The company has adhered to GEM Listing Rules regarding the composition of the Audit Committee, which includes independent non-executive directors with appropriate professional qualifications[105]. - The board meetings and committee meetings were regularly held to discuss and approve the company's financial and operational performance[108]. - The board has reviewed the corporate governance policy and is satisfied with its effectiveness[83]. - The company has appointed an external service provider for company secretarial services, ensuring compliance and effective communication between the board and management[117]. - The company secretary has completed no less than 15 hours of relevant professional training to update skills and knowledge as of December 31, 2023[118]. Risk Management - The company has established an enterprise risk management framework to identify, assess, and respond to various risks, following the COSO framework[145]. - The company’s risk management and internal control systems were reviewed annually, with no significant issues identified, indicating their effectiveness and adequacy[138]. - The board considers various factors, including liquidity, tax implications, and regulatory restrictions, when declaring dividends[136]. - The company has established a risk register to track all identified major risks, which is updated at least annually following a risk assessment[147]. - The internal audit department continuously reviews the risk management and internal control systems covering all major business areas[148]. - The company’s risk management initiatives are continuously conducted by management, with the effectiveness of the risk management framework evaluated at least annually[147]. - The board is responsible for monitoring the effectiveness of the risk management and internal audit functions through the audit committee[145]. Shareholder and Capital Management - The company announced a rights issue on November 21, 2023, to raise approximately HKD 13.2 million by issuing 12,000,000 shares at a subscription price of HKD 1.10 per share[33]. - The net proceeds from the rights issue, after deducting expenses, are approximately HKD 12.2 million[33]. - The intended use of the proceeds includes HKD 6.1 million for developing and operating cybersecurity business, but only HKD 0.5 million has been utilized to date[34]. - General operating funds were allocated HKD 2.0 million, with only HKD 1.1 million spent so far[34]. - The company's debt-to-asset ratio as of December 31, 2023, is approximately 53.5%, up from 30.5% in the previous year[41]. - The total employee cost for the year ending December 31, 2023, reached approximately HKD 24.3 million, an increase from HKD 15.6 million in the previous year[48]. - The company has no short-term or long-term bank borrowings as of December 31, 2023[40]. - The company has established a dividend policy that considers financial performance, shareholder equity, and operational capital needs before proposing any dividend payments[29]. - The board will continuously review the dividend policy and retains the discretion to update or modify it at any time, without any legal obligation to declare dividends[133]. - The company reported no final dividend for the year ended December 31, 2023, compared to zero HKD per share in 2022[160]. - The total distributable reserves available to the company's owners as of December 31, 2023, amounted to approximately HKD 8,796,000, down from approximately HKD 11,186,000 in 2022[171]. - The company has maintained the public float required by GEM listing rules as of the report date[197]. - All independent non-executive directors have confirmed their independence according to GEM listing rules[199]. Business Operations - The company’s main business involves providing software services, internet security technology services, and big data analysis services to customers in China[158]. - The company has signed contracts with several banks in mainland China for its cybersecurity technology services, contributing to revenue growth[14]. - The company aims to expand its market share in mainland China by leveraging its headquarters in Hangzhou for deeper market research[14]. - The company has established its headquarters in Linping District, Hangzhou, Zhejiang Province, which was recognized as a headquarters enterprise by the Hangzhou government in 2023[14]. - The company has not entered into any related party transactions that require disclosure under the GEM Listing Rules for the year ended December 31, 2023[170]. - The company has not made any charitable donations for the year ended December 31, 2023, consistent with the previous year[165]. - The company has not entered into any management or administrative contracts regarding its overall or any major business as of December 31, 2023[185]. - The company defines gaming operation customers as any paying user who purchases game tokens, virtual items, or upgrade features, with users counted separately across different platforms[172]. - E-commerce customers are defined as businesses purchasing strategic planning, technical support, content creation, and promotion services, facilitating precise marketing and sales growth on popular social e-commerce platforms[172]. - Cybersecurity customers are businesses paying for services such as firewall configuration, intrusion detection and defense, data encryption, and security vulnerability assessments, indicating a high demand for information security and data protection[172]. - The top five customers accounted for approximately 55.6% of the total revenue, with the largest customer contributing about 31.5%[174]. - The top five suppliers represented around 61.3% of the total procurement amount, with the largest supplier accounting for approximately 22.0%[174]. Shareholder Structure - As of December 31, 2023, Liu Yi holds 39.69% of the shares through Topliu Limited, while Huang Jianying holds 16.87% as a beneficial owner[188]. - Topliu Limited holds 14,288,677 shares, representing 39.69% of the company's equity[191]. - Ms. Sun Li holds 6,071,625 shares through spousal rights, accounting for 16.87% of the company's equity[191]. - Nineyou International Limited, Heartland Investment Limited, and Baishang Limited each hold 1,836,718 shares, each representing 5.10% of the company's equity[191]. - The company's compensation policy includes fixed components (base salary) and variable components (discretionary bonuses and other rewards), considering factors such as experience, responsibilities, individual performance, and overall market conditions[181]. - The company’s board of directors is subject to rotation, with one-third of the directors required to retire at each annual general meeting, ensuring compliance with governance standards[175].

Financial Performance - For the three months ended September 30, 2023, the revenue was HKD 19,777,000, a decrease of 29.7% compared to HKD 28,155,000 for the same period in 2022[3] - The gross profit for the nine months ended September 30, 2023, was HKD 19,337,000, down 12.0% from HKD 21,975,000 in the same period of 2022[3] - The operating loss for the three months ended September 30, 2023, was HKD 6,435,000, compared to a loss of HKD 6,144,000 in the same period of 2022[3] - The total comprehensive loss attributable to owners for the nine months ended September 30, 2023, was HKD 16,027,000, significantly higher than HKD 5,971,000 for the same period in 2022[4] - The basic and diluted loss per share for the three months ended September 30, 2023, was HKD 2.69, compared to HKD 3.80 for the same period in 2022[3] - The company reported a total equity of HKD 28,552,000 as of September 30, 2023, down from HKD 34,652,000 as of January 1, 2022[4] - The company incurred financing costs of HKD 35,000 for the nine months ended September 30, 2023, compared to HKD 9,000 in the same period of 2022[3] - The total operating loss for the nine months ended September 30, 2023, was HKD 16,271,000, compared to an operating loss of HKD 7,900,000 in the same period of 2022[17] - The company recorded a loss of approximately HKD 16.3 million for the nine months ended September 30, 2023, compared to a loss of HKD 7.9 million in the same period of 2022[37] Revenue Breakdown - The company’s total revenue for the nine months ended September 30, 2023, was HKD 97,136,000, an increase of 42.7% from HKD 68,077,000 in the same period of 2022[3] - Software services revenue for the nine months ended September 30, 2023, was HKD 61,847,000, up 61.9% from HKD 23,668,000 in the same period of 2022[23] - The gaming business revenue for the nine months ended September 30, 2023, was HKD 35,289,000, a decrease of 20.5% from HKD 44,409,000 in the same period of 2022[17] - Three major customers contributed over 10% of total revenue for the nine months ended September 30, 2023, with Customer A contributing HKD 34,910,000[21] - The company’s revenue for the nine months ended September 30, 2023, was approximately HKD 97.1 million, an increase of about 42.6% compared to HKD 68.1 million for the same period in 2022[31] Expenses and Costs - The company’s administrative expenses for the nine months ended September 30, 2023, were HKD 23,483,000, up from HKD 11,845,000 in the same period of 2022[3] - The cost of services provided increased by approximately 68.8% to HKD 77.8 million for the nine months ended September 30, 2023, from HKD 46.1 million in the same period of 2022[32] - Gross profit decreased by approximately 12.3% to HKD 19.3 million for the nine months ended September 30, 2023, down from HKD 22.0 million in the same period of 2022[34] - The gross profit margin declined by approximately 12.4 percentage points to 19.9% for the nine months ended September 30, 2023, compared to 32.3% for the same period in 2022[34] - Administrative expenses increased by approximately 99.2% to HKD 23.5 million for the nine months ended September 30, 2023, from HKD 11.8 million in the same period of 2022[36] Dividends and Taxation - The company did not declare or pay any dividends for the nine months ended September 30, 2023, consistent with the same period in 2022[26] - The company did not incur any taxable profits in mainland China, Taiwan, or Hong Kong for the nine months ended September 30, 2023, resulting in no tax provisions[25] - The company did not recommend the payment of dividends for the nine months ended September 30, 2023[38] Corporate Governance and Compliance - The audit committee, consisting of independent non-executive directors, reviewed the unaudited consolidated results for the nine months ended September 30, 2023, ensuring compliance with applicable accounting standards and GEM listing rules[56] - The company has adhered to the corporate governance code as per GEM listing rules, with a noted deviation regarding the roles of Chairman and CEO being held by the same individual[50] - The company has implemented a code of conduct for securities trading by directors, which has been adhered to throughout the review period[49] Business Strategy and Market Position - The company allocated more resources to its internet security technology services business due to significant market opportunities and strong demand in mainland China[30] - The company is focused on integrating upstream and downstream services in the gaming industry to enhance its market position[30] - The company experienced a decrease in operating income from licensed mobile games, contributing to the overall loss[37] Other Information - No significant acquisitions or disposals occurred during the nine months ended September 30, 2023[47] - The company maintained a public float of 25% as required by GEM listing rules as of the report date[52] - The stock option plan approved on December 23, 2015, allows for a total of 16,000,000 options to be granted, representing 6.7% of the issued share capital as of the report date[54] - There were no stock options granted, exercised, expired, or cancelled during the nine months ended September 30, 2023[54] - No major subsequent events occurred after September 30, 2023, up to the report date[57] - The company has not engaged in any business that competes directly or indirectly with its operations during the nine months ended September 30, 2023[48] - The quarterly results announcement and report will be sent to shareholders and published on the company's website[58]

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依賴該等內容而引致的任何損 失承擔任何責任。 GAMEONE HOLDINGS LIMITED 智 傲 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8282） 截 至2023年9月30日 止 九 個 月 的 第 三 季 度 業 績 公 告 智傲控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈本公司 及其附屬公司截至2023年9月30日止九個月（「第三季度業績」）的未經審核 綜 合 業 績。本 公 告 載 有 本 公 司2023年 第 三 季 度 報 告 全 文，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」）有 關 第 三季度業績初步公告附載之相關資料要求。 承董事會命 智傲控股有限公司 主席兼執行董事 劉漪 香港，2023年11月8日 ...

Financial Performance - For the six months ended June 30, 2023, the company reported revenue of HKD 77,359,000, a 93.5% increase from HKD 39,922,000 in the same period of 2022[8] - The cost of services provided for the same period was HKD 61,765,000, up from HKD 21,327,000, resulting in a gross profit of HKD 15,594,000, down 16.1% from HKD 18,595,000[8] - Operating loss for the six months was HKD 9,836,000, compared to a loss of HKD 1,756,000 in the previous year, indicating a significant increase in operational challenges[8] - The company reported a net loss of HKD 9,861,000 for the six months, compared to a loss of HKD 1,765,000 in the same period last year[8] - The company’s basic and diluted loss per share for the six months was HKD 4.11, compared to HKD 1.10 in the same period of 2022[8] - The group reported a loss before tax of HKD 6,773,000 for the six months ended June 30, 2023, compared to a loss of HKD 5,235,000 in the same period of 2022[33] - The net loss for the six months ended June 30, 2023, was approximately HKD 9.9 million, compared to a net loss of HKD 1.8 million for the same period in 2022[56] Assets and Liquidity - As of June 30, 2023, total assets were HKD 36,143,000, down from HKD 45,758,000 at the end of 2022, reflecting a decrease in liquidity[9] - The company's cash and cash equivalents decreased to HKD 17,894,000 from HKD 27,306,000, indicating a cash flow challenge[9] - Total equity as of June 30, 2023, was HKD 34,324,000, down from HKD 44,579,000 at the end of 2022, showing a decline in shareholder value[9] - Cash and cash equivalents decreased to HKD 17,894,000 at the end of the period, down from HKD 27,851,000 at the end of June 2022, reflecting a net decrease of HKD 9,523,000[12] - The net cash used in operating activities was HKD 5,523,000 for the six months ended June 30, 2023, compared to HKD 3,583,000 in the same period of 2022, indicating increased cash outflow[12] - As of June 30, 2023, accounts receivable amounted to HKD 4,604,000, slightly up from HKD 4,349,000 as of December 31, 2022[39] Revenue Segmentation - Software services revenue surged to HKD 54,467,000, up 450.5% from HKD 9,888,000 year-on-year, while gaming revenue decreased to HKD 22,892,000, down 23.6% from HKD 30,034,000[25] - Revenue from mainland China accounted for HKD 54,467,000, representing 70.4% of total revenue, while Hong Kong contributed HKD 21,686,000, or 28.0%[28] - The company experienced a significant increase in software service revenue, which reflects a strategic focus on internet security technology and big data analysis services in mainland China[24] - Two major customers contributed over 10% of total revenue for the group in the six months ended June 30, 2023, with Customer A generating HKD 34,910,000 and Customer B generating HKD 11,672,000[29] Operational Challenges - The company identified two operating segments: software services and gaming, with the software services segment showing a loss of HKD 1,183,000 for the six months ended June 30, 2023[25] - The company's administrative expenses increased by approximately 142.5% to HKD 19.4 million for the six months ended June 30, 2023, compared to HKD 8.0 million for the same period in 2022[55] - The total employee costs for the six months ended June 30, 2023, were approximately HKD 9.0 million, an increase from HKD 7.3 million for the same period in 2022[74] - The company employed 47 employees as of June 30, 2023, down from 52 employees as of June 30, 2022[74] Corporate Governance - The company has adhered to the corporate governance code as per GEM listing rules, with a noted deviation regarding the roles of Chairman and CEO being held by the same individual[87] - No competition or conflict of interest was reported among directors or major shareholders during the six months ended June 30, 2023[85] - The company confirmed that all directors complied with the securities trading code during the reporting period[86] - The audit committee was established on December 23, 2015, and complies with GEM listing rules, ensuring at least one independent non-executive director has appropriate professional qualifications or accounting expertise[93] Future Outlook - The company plans to continue expanding its software services and gaming operations, focusing on enhancing product offerings and market reach[24] - The company has no significant investments or acquisition plans as of June 30, 2023[65] - No significant acquisitions or disposals occurred during the six months ended June 30, 2023[84] Dividends and Shareholder Information - No dividends were declared or paid by the company or any of its subsidiaries for the six months ended June 30, 2023[35] - No interim dividend was recommended for the six months ended June 30, 2023, consistent with the previous year[75] - Liu Yi holds 39.69% of the company's shares through Topliu Limited, while Huang Jianying holds 16.87%[77] - Nineyou International Limited and its controlled entities collectively hold 7.65% of the company's shares[80] Stock Options - The company has a stock option plan approved by shareholders on December 23, 2015, which is effective for 10 years from the listing date[90] - The total number of shares that can be issued upon full exercise of stock options granted under the plan and any other plans shall not exceed 30% of the issued shares at any time[91] - As of June 30, 2023, there were no stock options granted, exercised, expired, or lapsed under the plan, and no unexercised stock options remain[91] Events After Reporting Period - No significant events occurred after June 30, 2023, up to the report date[94] - The interim results announcement and report for the six months ended June 30, 2023, will be published on the Hong Kong Stock Exchange and the company's website[95]

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。 GAMEONE HOLDINGS LIMITED 智 傲 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8282） 截 至2023年6月30日 止 六 個 月 的 中 期 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM乃 為 較 於 聯 交 所 上 市 的 其 他 公 司 帶 有 更 高 投 資 風 險 的 中 小 型 公 司 提 供 上 市 的 市 場。有 意 投 資 者 應 瞭 解 投 資 於 該 等 公 司 的 潛 在 風 險，並 應 經過審慎周詳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買賣的證券可能會承受較 於聯交所主板買賣的證券為高的市場波動風險，同時亦無法保證在GEM 買賣的證券會有高流通量的市場。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定而提供 有關智傲控股有限公司（「本公司」）及其附屬公 ...