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。 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3月31日 止 三 個 月 的 第 一 季 度 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 了 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」，連同其 ...

Financial Performance - The company recorded a net loss of approximately HKD 11.1 million for the fiscal year ending December 31, 2022, compared to a net profit of approximately HKD 0.6 million in the same period of 2021, primarily due to decreased game operation revenue from mobile games[10]. - The gross profit decreased by HKD 9.4 million in 2022, attributed to reduced revenue from mobile games such as "古惑仔M" and "球場風雲"[10]. - Administrative expenses increased by HKD 4.9 million in 2022, driven by higher employee costs and expenses related to printing and office supplies[10]. - The company reported a net loss of approximately HKD 11.1 million for the fiscal year ending December 31, 2022, compared to a net profit of approximately HKD 0.6 million in the same period of 2021[18]. - Revenue increased by approximately 8.0% from about HKD 84.5 million in 2021 to approximately HKD 91.3 million in 2022, primarily due to increased income from software and technology services in mainland China[22]. - Game operation revenue from licensed games decreased from HKD 63.7 million (75.4%) in 2021 to HKD 52.0 million (57.0%) in 2022, reflecting a significant decline in performance[23]. - The company's gross profit decreased by approximately 28.6% from about HKD 32.9 million in 2021 to approximately HKD 23.5 million in 2022, mainly due to reduced revenue from licensed mobile games[27]. - Administrative expenses increased by approximately 41.2% from about HKD 11.9 million in 2021 to approximately HKD 16.8 million in 2022, driven by higher employee costs and office supplies[30]. - The gross margin for the fiscal year 2022 was approximately 25.7%, a decrease of about 13.2 percentage points from 38.9% in 2021, primarily due to lower margins from software services[27]. Strategic Initiatives - The company established its headquarters in Hangzhou, Zhejiang Province, and has begun to expand its revenue levels in the mainland China market through market development in 2022[11]. - The company plans to strategically invest in game developers, technology providers, and other game operators to enhance its market share in the mobile gaming industry[11]. - A research and development center has been applied for in Hangzhou, with plans to procure necessary hardware and software to keep pace with technological advancements in the gaming industry[12]. - The company aims to maintain its leading market share in Hong Kong and Taiwan while expanding its presence in the mainland China market[11]. - The company intends to leverage natural growth and strategic partnerships to expand its business in the mobile gaming sector[11]. - The company plans to expand its market share in the mobile gaming industry through organic growth and strategic partnerships with game developers and distributors[18]. - Software services revenue reached approximately HKD 29.7 million in 2022, marking a new revenue stream for the company[23]. Corporate Governance - The company has adopted anti-bribery and anti-corruption policies since 2019, which include guidelines on business ethics and reporting mechanisms for suspected corruption[77]. - The board has established a diversity policy to ensure independent viewpoints and opinions, which has been reviewed annually since 2019[81]. - The company has implemented a whistleblowing policy since 2019, ensuring that any confirmed cases are reported to the board and audit committee[80]. - The company maintains a commitment to effective communication with shareholders, with policies reviewed regularly since 2019[80]. - The board's responsibilities include fostering a healthy corporate culture aligned with the company's vision, values, and business strategy[77]. - The company has complied with all applicable corporate governance code provisions as of December 31, 2022, with some exceptions noted[77]. - The company has a dedicated committee for risk management and internal controls, which includes anti-corruption measures[77]. - The board evaluates the independence of non-executive directors annually to ensure independent opinions and recommendations are obtained[80]. - The company has a structured approach to determining the remuneration of non-executive directors, which requires shareholder approval[81]. - The company emphasizes the importance of accountability and transparency in maintaining stakeholder trust and long-term value creation[76]. - The board currently has a female representation of approximately 20.0%[83]. - The nomination committee is chaired by an independent non-executive director, with a majority of independent non-executive directors as members[84]. - The company has established three board committees: the Remuneration Committee, the Nomination Committee, and the Audit Committee, to oversee specific areas of the company's affairs[102]. - The Remuneration Committee held three meetings during the year ended December 31, 2022, to review the remuneration of directors and senior management, concluding that the compensation was fair and reasonable[106]. - The Nomination Committee conducted two meetings during the year ended December 31, 2022, to review and recommend the re-election of directors, including the appointment of new independent non-executive directors[109]. - The company emphasizes the importance of continuous professional development for directors, ensuring all directors attended at least one training course related to good corporate governance practices during the year[101]. - The company believes that having the same individual serve as both Chairman and CEO since January 7, 2022, enhances strategic planning and execution consistency[100]. - The company is committed to maintaining a balance of power and authority through board operations, which are managed by a group of experienced and capable individuals[100]. - The company encourages directors to participate in training courses to stay updated on the latest corporate governance information[101]. - The company has provided sufficient resources for all board committees to fulfill their duties and seek independent professional advice when necessary[105]. - The company will consider various factors, including gender, age, and industry experience, in the selection of board members to enhance diversity[109]. - The company plans to continue its focus on effective corporate governance policies and practices, ensuring compliance with the GEM Listing Rules[105]. Risk Management - The company faces significant risks including intense competition in the mobile gaming industry and potential obsolescence of its games due to rapid technological changes[19]. - The company has established a risk management system and internal control procedures, which were reviewed by the audit committee[112]. - The company has a structured approach to ensure that all directors are provided with sufficient time to review and approve meeting records[118]. - The company has established a risk management framework based on the COSO framework, which allows for effective risk management by the board and management[149]. - The risk register is updated at least annually to track identified major risks and document actions taken to mitigate these risks[150]. - The company has adopted a whistleblowing policy to provide a reliable channel for reporting serious misconduct without fear of retaliation[144]. - The company is committed to the highest standards of integrity and ethical behavior through its anti-bribery and anti-corruption policy, which is regularly reviewed and updated[147][148]. Shareholder Relations - The company maintains high standards of business ethics and governance, with clear guidelines included in training materials and the employee handbook[87]. - The board is responsible for overseeing the company's business management and ensuring alignment with shareholder interests[91]. - Independent non-executive directors provide impartial opinions on strategy and performance, ensuring the interests of all shareholders are considered[94]. - The company has appointed three independent non-executive directors, constituting over one-third of the board, with at least one possessing relevant financial management expertise[94]. - Shareholders have the right to propose individual resolutions for consideration and voting at the general meeting, ensuring the protection of their interests[139]. - The company has established multiple communication channels with shareholders to ensure timely and equal access to information[153][155]. - The company will disclose the nomination policy summary and the standards for selecting and recommending director candidates in the annual corporate governance report[134]. Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report was published simultaneously with the annual report for the year ending December 31, 2022[85]. - The company has implemented green initiatives and measures in its daily operations, including resource recycling and energy-saving practices[157]. - The company has maintained effective communication and good relationships with key stakeholders, including employees, customers, suppliers, banks, regulators, and shareholders[159]. - The company’s board of directors reported no significant non-compliance with laws and regulations affecting its operations for the year ended December 31, 2022[158]. - The company has not made any charitable donations during the year ended December 31, 2022, consistent with the previous year[169]. Capital Structure - As of December 31, 2022, the company's issued share capital was approximately HKD 2.4 million, with a total of 240,000,000 shares issued at a par value of HKD 0.01 per share[33]. - The company raised approximately HKD 22.4 million through a rights issue, with net proceeds of about HKD 21.3 million after expenses[37]. - The rights issue involved issuing 80,000,000 shares, representing approximately 33.3% of the company's enlarged issued share capital[37]. - As of December 31, 2022, the company's cash and cash equivalents were approximately HKD 27.3 million, down from HKD 35.4 million as of December 31, 2021[35]. - The company's debt-to-asset ratio was approximately 30.5% as of December 31, 2022, compared to 36.7% as of December 31, 2021[47]. - The company has no significant investments or capital asset plans as of December 31, 2022[44]. - The company has no bank borrowings as of December 31, 2022, maintaining a conservative treasury policy[46]. - The company has no significant contingent liabilities as of December 31, 2022[50]. - As of December 31, 2022, the total employee cost reached approximately HKD 15.6 million, an increase from HKD 13.2 million as of December 31, 2021, reflecting a growth of about 18.3%[54]. - The company employed 50 staff members as of December 31, 2022, compared to 49 staff members as of December 31, 2021, indicating a slight increase in workforce[54]. - The company did not declare a final dividend for the year ended December 31, 2022, maintaining the same as the previous year at zero HKD per share[164]. - As of December 31, 2022, the total reserves available for distribution to shareholders amounted to approximately HKD 11,186,000, a decrease from approximately HKD 30,702,000 in 2021[175]. Business Operations - The company’s primary business involves providing software services in mainland China and developing, operating, and distributing online and mobile games in Hong Kong and other regions[162]. - The company entered into 10 technology development agreements with Hangzhou Cambridge Technology Co., Ltd., totaling RMB 3.6 million (approximately HKD 4.0 million) for software rights related to e-commerce and cybersecurity systems[173]. - The company paid approximately HKD 0.48 million to Duoyou Limited for NFT consulting services during the year[173]. - The company’s major customers include third-party game operators and developers, with no significant beneficial interests held by directors or their close associates in the top five customers or suppliers[177]. - The company did not purchase, sell, or redeem any of its listed securities during the year ended December 31, 2022[198]. - There were no significant contracts established between the company and its controlling shareholders during the year[188]. - The company has not entered into any management or administrative contracts related to its overall or any major business as of December 31, 2022[189]. - The remuneration policy includes fixed components (base salary) and variable components (discretionary bonuses and other rewards) based on various factors[184]. - The company has not received any written confirmations from directors regarding interests in businesses that may compete with the company[199]. - There were no significant related party transactions disclosed in the financial statements[186]. - The company’s governance practices are detailed in the corporate governance report on pages 19 to 38 of the annual report[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2022年12月31日 止 年 度 的 年 度 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 了 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」），連同其附屬 ...

Financial Performance - For the three months ended September 30, 2022, the revenue was HKD 28,155,000, a decrease of 25.2% compared to HKD 37,615,000 in the same period of 2021[4] - The gross profit for the nine months ended September 30, 2022, was HKD 21,975,000, down 11.1% from HKD 24,709,000 in the same period of 2021[4] - The operating loss for the three months ended September 30, 2022, was HKD 6,144,000, compared to an operating profit of HKD 4,143,000 in the same period of 2021[4] - The total comprehensive loss attributable to owners for the nine months ended September 30, 2022, was HKD 5,971,000, compared to a loss of HKD 1,926,000 in the same period of 2021[4] - The company reported a basic and diluted loss per share of HKD 3.80 for the three months ended September 30, 2022, compared to earnings of HKD 2.58 in the same period of 2021[4] - The total operating loss for the nine months ended September 30, 2022, was HKD 7,900,000, compared to an operating loss of HKD 1,735,000 for the same period in 2021[18] - The company recorded a loss of approximately HKD 7.9 million for the nine months ended September 30, 2022, compared to a loss of HKD 1.8 million for the same period in 2021[38] Revenue Breakdown - The company’s total revenue for the nine months ended September 30, 2022, was HKD 68,077,000, an increase of 11.8% compared to HKD 61,080,000 in the same period of 2021[4] - Software services revenue for the nine months ended September 30, 2022, was HKD 23,668,000, with no revenue reported in the same period of 2021[24] - Game business revenue for the nine months ended September 30, 2022, was HKD 44,409,000, a decrease of 27.2% from HKD 61,080,000 in 2021[18] Equity and Share Capital - The total equity as of September 30, 2022, was HKD 50,032,000, an increase from HKD 34,051,000 as of January 1, 2021[6] - The company issued new shares resulting in an increase in share capital to HKD 2,400,000 as of September 30, 2022, from HKD 1,600,000 at the beginning of the year[6] - Basic loss per share for the nine months ended September 30, 2022, was calculated based on a weighted average of 161,875,458 shares, compared to 160,000,000 shares in 2021[28] Expenses and Costs - The cost of services provided increased by approximately 26.6% to HKD 46.1 million for the nine months ended September 30, 2022, up from HKD 36.4 million in the same period of 2021[33] - Administrative expenses increased by approximately 47.5% to HKD 11.8 million for the nine months ended September 30, 2022, from HKD 8.0 million in the same period of 2021[37] - Gross profit decreased by approximately 10.9% to HKD 22.0 million for the nine months ended September 30, 2022, down from HKD 24.7 million for the same period in 2021[35] - The gross profit margin fell by approximately 8.2 percentage points to 32.3% for the nine months ended September 30, 2022, compared to 40.5% for the same period in 2021[35] Other Income and Gains - The company recognized other income of HKD 1,077,000 for the nine months ended September 30, 2022, compared to HKD 274,000 in the same period of 2021, reflecting a significant increase[4] - The company experienced a foreign exchange gain of HKD 1,938,000 for the nine months ended September 30, 2022, compared to a loss of HKD 238,000 in the same period of 2021[6] Dividends and Shareholder Information - The group did not declare or pay any dividends for the nine months ended September 30, 2022, consistent with the same period in 2021[27] - No dividend was proposed for the nine months ended September 30, 2022, consistent with the previous year[39] - Major shareholders include Liu Yi with a 39.69% stake and Huang Jianying with a 16.87% stake as of September 30, 2022[41] Corporate Governance and Compliance - The audit committee reviewed the unaudited consolidated results for the nine months ended September 30, 2022, and found them compliant with applicable accounting standards and GEM listing rules[59] - The company adopted a code of conduct for directors' securities transactions, which was adhered to throughout the review period[50] - The company has complied with the corporate governance code as per GEM listing rules, with a noted deviation regarding the separation of the roles of Chairman and CEO[52] - The company maintained a public float of 25% as required by GEM listing rules as of the report date[55] Future Plans and Market Strategy - The company plans to allocate more resources to internet security technology services due to strong demand and market opportunities in mainland China[31] - The company aims to introduce more quality licensed games and focus on mobile games to strengthen its market position and enhance marketing efforts[31] Miscellaneous - No single customer contributed 10% or more to the group's revenue for the nine months ended September 30, 2022[22] - The group did not incur any taxable profits in mainland China, Taiwan, or Hong Kong for the nine months ended September 30, 2022, resulting in no tax provisions[26] - No significant acquisitions or disposals occurred during the nine months ended September 30, 2022[48] - There were no stock options granted, exercised, expired, or lapsed during the nine months ended September 30, 2022[57] - The company confirmed that no individuals or entities, apart from directors and key executives, held interests in the company's shares that required disclosure[46] - The company appointed a new independent non-executive director on January 7, 2022, ensuring compliance with gender diversity requirements[53] - The quarterly report for the nine months ending September 30, 2022, will be sent to shareholders[61] - The report will be published on the Hong Kong Stock Exchange website and the company's website[61] - Shareholders can request a printed copy of the quarterly report if they encounter difficulties receiving the electronic version[61] - No events of significant impact on the group occurred after the reporting period[60] - The company did not engage in any securities transactions involving the purchase, sale, or redemption of its listed securities during the nine months ended September 30, 2022[47]

Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 39,922,000, representing an increase of 70.4% compared to HKD 23,465,000 for the same period in 2021[9] - Gross profit for the six months ended June 30, 2022, was HKD 18,595,000, up 184.5% from HKD 6,557,000 in the previous year[9] - Operating loss for the six months ended June 30, 2022, decreased to HKD 1,756,000 from HKD 5,878,000 in 2021, showing an improvement of 70.1%[9] - The company reported a net loss of HKD 1,765,000 for the six months ended June 30, 2022, compared to a net loss of HKD 5,904,000 for the same period in 2021, reflecting a 70.1% reduction in losses[9] - For the six months ended June 30, 2022, the company reported a total comprehensive loss of HKD 663,000, compared to a total comprehensive loss of HKD 6,043,000 for the same period in 2021[12] - The total operating loss for the six months ended June 30, 2022, was HKD 1,756,000, a reduction from HKD 5,878,000 in the same period of 2021, indicating improved performance[26] - The company recorded a net loss of approximately HKD 1.8 million for the six months ended June 30, 2022, compared to a net loss of approximately HKD 5.9 million for the same period in 2021[52] Assets and Equity - Total assets as of June 30, 2022, were HKD 48,350,000, a slight increase from HKD 46,713,000 as of December 31, 2021[11] - The total equity as of June 30, 2022, was HKD 33,989,000, down from HKD 34,652,000 at the end of 2021, representing a decrease of 1.9%[11] - The company’s total equity as of June 30, 2022, was HKD 33,989,000, a slight decrease from HKD 34,051,000 at the beginning of the year[12] - The company’s accumulated losses increased to HKD 80,596,000 as of June 30, 2022, compared to HKD 79,387,000 at the beginning of the year[12] Cash Flow - The company's cash and cash equivalents decreased to HKD 27,851,000 from HKD 35,423,000, indicating a decline of 21.5%[11] - The net cash used in operating activities for the six months ended June 30, 2022, was HKD 3,583,000, an improvement from HKD 6,468,000 in the previous year[14] - The net cash used in investing activities for the six months ended June 30, 2022, was HKD 4,331,000, compared to HKD 4,036,000 in the previous year[14] - The company’s financing activities resulted in a net cash outflow of HKD 755,000 for the six months ended June 30, 2022, compared to HKD 628,000 in the previous year[14] Revenue Segmentation - The gaming business generated revenue of HKD 16,016,000 for the three months ended June 30, 2022, compared to HKD 11,483,000 in the same period of 2021, marking a 40% increase[26] - Software service revenue amounted to HKD 5,013,000 for the three months ended June 30, 2022, with no revenue reported in the same period of 2021[31] - Revenue from game operations for the six months ended June 30, 2022, was HKD 28,187,000, up from HKD 22,117,000 in the same period of 2021, reflecting a 27% increase[31] Expenses - The cost of services provided increased from approximately HKD 16.9 million for the six months ended June 30, 2021, to approximately HKD 21.3 million for the same period in 2022, an increase of about 26.0%[54] - The company's sales expenses rose from approximately HKD 7.0 million in 2021 to approximately HKD 12.8 million in 2022, an increase of about 82.9%[57] - The administrative expenses increased from approximately HKD 5.6 million in 2021 to approximately HKD 8.0 million in 2022, an increase of about 42.9%[58] - The company incurred intangible asset amortization of HKD 443,000 for the six months ended June 30, 2022, compared to HKD 994,000 in the same period of 2021, showing a decrease[32] Shareholder Information - The company raised approximately HKD 22.4 million through a rights issue at a subscription price of HKD 0.28 per share, increasing the number of issued shares from 160 million to 240 million[98] - Topliu Limited held 66,787,235 shares, representing approximately 41.74% of the company's equity as of June 30, 2022[80] - Following a rights issue, Topliu Limited's shareholding increased to 103,597,854 shares, approximately 43.17% of the total issued shares[80] - As of the report date, Huang Jianying held 40,477,501 shares, representing approximately 16.87% of the total issued shares[81] Corporate Governance - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM listing rules[88] - The company has maintained a public float of 25% as required by GEM listing rules[92] - The audit committee has been established and complies with GEM listing rules, ensuring at least one member has appropriate professional qualifications[97] - The company appointed a new independent non-executive director on January 7, 2022, ensuring compliance with gender diversity requirements[91] - The company has adhered to all applicable corporate governance codes except for the separation of the roles of Chairman and CEO[90] Employee Information - As of June 30, 2022, the group employed 52 staff members, an increase from 48 staff members as of June 30, 2021[75] - Total employee costs for the six months ended June 30, 2022, were approximately HKD 7.3 million, slightly down from HKD 7.4 million for the same period in 2021[75] Other Information - The company has not reported any significant changes in accounting policies that would materially affect the financial statements for the period[19] - The company has not made any capital investments or acquisitions of significant assets as of June 30, 2022[67] - There were no significant acquisitions or disposals during the six months ended June 30, 2022[86] - The company did not purchase, sell, or redeem any of its listed securities during the six months ended June 30, 2022[85] - The company has committed to purchasing intangible assets amounting to HKD 3,080,000 as of June 30, 2022[48] - The company has a capital commitment of approximately HKD 3.1 million for the acquisition of intangible assets as of June 30, 2022[73] - The board has changed the trading board lot size from 4,000 shares to 12,000 shares effective from July 29, 2022[98] - The interim results announcement and report will be sent to shareholders and published on the company's website[101]

Financial Performance - Revenue for the three months ended March 31, 2022, was HKD 18,893,000, representing a 57.5% increase from HKD 11,982,000 in the same period of 2021[3] - Gross profit for the same period was HKD 9,532,000, up from HKD 3,668,000, indicating a significant improvement in profitability[3] - Operating loss decreased to HKD 759,000 from HKD 3,294,000 year-over-year, showing a reduction in operational challenges[3] - The company reported a net loss of HKD 764,000 for the period, compared to a net loss of HKD 3,308,000 in the previous year, reflecting improved financial performance[3] - Basic and diluted loss per share improved to HKD 0.48 from HKD 2.07 year-over-year, indicating a reduction in losses per share[3] - The total segment loss for the software service business was HKD 34, while the game business reported a loss of HKD 725, resulting in a total segment loss of HKD 759 for the three months ended March 31, 2022, compared to a total loss of HKD 3.294 million in 2021[19] - The group recorded a loss of approximately HKD 0.8 million for the three months ended March 31, 2022, compared to a loss of approximately HKD 3.3 million in the same period of 2021, attributed to increased software service and game operation revenues[42] Revenue Breakdown - Software service revenue for the three months ended March 31, 2022, was HKD 4.875 million, while game operation revenue was HKD 13.294 million, compared to HKD 11.727 million in 2021[23] - The cost of services provided for the three months ended March 31, 2022, was approximately HKD 9.4 million, an increase of about 13.3% from HKD 8.3 million in the same period of 2021[38] Equity and Dividends - Total equity as of March 31, 2022, was HKD 34,379,000, a decrease from HKD 34,652,000 at the beginning of the year[5] - The group did not declare or pay any dividends for the three months ended March 31, 2022, consistent with the previous year[27] - The board did not recommend the distribution of dividends for the three months ended March 31, 2022, consistent with the same period in 2021[43] Expenses - Sales expenses for the three months ended March 31, 2022, were approximately HKD 5.7 million, an increase of about 58.3% compared to approximately HKD 3.6 million in the same period of 2021, primarily due to increased promotion and advertising expenses for software services[40] - Administrative expenses for the three months ended March 31, 2022, were approximately HKD 4.7 million, up about 38.2% from approximately HKD 3.4 million in the same period of 2021, mainly due to increased employee costs and legal and professional fees[41] Strategic Focus - The company continues to focus on software services and game development, with ongoing evaluations of new products and market strategies[8] - The group focused more resources on internet security technology services due to strong demand in China, as many gaming and video streaming companies face cyberattacks[35] - The group plans to introduce more quality licensed games and focus on mobile games to strengthen market positioning and enhance marketing efforts[35] - The group aims to expand its game portfolio through strategic marketing and partnerships, leveraging its distribution platforms[33] Compliance and Governance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance and transparency[9] - The company is assessing the impact of new accounting standards but does not anticipate significant financial effects at this time[11] - The company has adopted a code of conduct regarding securities trading by directors, which complies with the GEM Listing Rules[56] - The company has applied the principles and provisions of the corporate governance code as set out in Appendix 15 of the GEM Listing Rules, with all applicable provisions complied with during the reporting period[57] - The company has maintained a minimum public float of 25% as required by GEM listing rules[61] - The audit committee, established on December 23, 2015, includes independent non-executive directors and complies with GEM listing rules regarding composition and qualifications[66] - The company has appointed a new independent non-executive director, enhancing board diversity after the resignation of a previous director[60] - The company believes that having the same individual serve as both Chairman and CEO provides strong and consistent leadership for strategic planning and execution[58] - The company believes that the current leadership structure facilitates accurate decision-making in a rapidly changing business environment[58] Stock Options and Securities - As of March 31, 2022, no stock options were granted, exercised, expired, or lapsed, and there were no unexercised stock options under the plan[64] - The stock option plan allows for the issuance of shares not exceeding 30% of the total issued shares upon full exercise of options granted under the plan[63] - The company has not issued any stock options that would exceed the limits set by the stock option plan[63] - The company and its subsidiaries did not purchase, sell, or redeem any of the company's listed securities during the three months ended March 31, 2022[53] Other Information - There were no significant acquisitions or disposals during the three months ended March 31, 2022[52] - The audit committee has reviewed the unaudited consolidated results for the three months ended March 31, 2022, ensuring compliance with applicable accounting standards and regulations[66]

Financial Performance - The company recorded a net profit of approximately HKD 600,000 for the fiscal year ending December 31, 2021, compared to a net loss of approximately HKD 10.1 million in the same period of 2020, indicating a significant improvement in profitability[11]. - Revenue increased by approximately 64.7% from about HKD 51.3 million in 2020 to approximately HKD 84.5 million for the fiscal year ended December 31, 2021, primarily due to the launch of licensed mobile games[22]. - The gross profit rose approximately 207.5% from about HKD 10.7 million in 2020 to approximately HKD 32.9 million in 2021, with a gross margin of approximately 38.9%, up from 20.9% in the previous year[27]. - The company reported a total comprehensive income of HKD 601,000 for the year, compared to a loss of HKD 11,086,000 in 2020[194]. - Profit before tax for the same period was HKD 556,000, a significant recovery from a loss of HKD 10,070,000 in 2020[194]. Revenue Sources - The increase in game revenue was primarily driven by the successful launch of licensed mobile games "Gangster M" and "Field Storm" in the second and third quarters of 2021[11]. - The company recorded a significant increase in revenue from licensed games, which accounted for 75.4% of total revenue in 2021, compared to 69.7% in 2020[23]. Strategic Plans - The company plans to establish a headquarters in Hangzhou, Zhejiang Province, China, to leverage the region's technology talent pool and expand revenue levels in the mainland market[12]. - The company aims to maintain its leading market share in Hong Kong and Taiwan while expanding its presence in the mobile gaming industry through organic growth and strategic partnerships[12]. - The company intends to selectively invest in game developers, technology providers, and other gaming operators to create complementary business effects and expand its mobile gaming offerings[12]. - The company plans to expand its market share in the mobile gaming industry through organic growth and strategic partnerships with game developers and distributors[18]. - The company aims to introduce more high-quality licensed games and strengthen its market positioning and marketing efforts[18]. Research and Development - Plans are in place to establish a research and development center in Hangzhou, recognized by the local government, to keep pace with rapid technological advancements in the gaming industry[13]. - The company will increase hardware and software investments at the R&D center to raise entry barriers for future competitors and maintain a competitive edge[13]. Corporate Governance - The company emphasizes high levels of corporate governance to maintain shareholder trust and long-term value creation[76]. - The company has complied with all applicable corporate governance code provisions as of December 31, 2021, except for the deviation noted in the "Chairman and CEO" section[77]. - The board of directors has adopted a code of conduct for securities trading, ensuring compliance with GEM listing rules, with no violations reported during the review year[78]. - The company has appointed three independent non-executive directors, meeting the requirement of at least one with appropriate professional qualifications or financial management expertise[82]. - The company believes that having the same individual serve as both chairman and CEO since January 7, 2022, provides strong and consistent leadership[89]. Shareholder Relations - The company expressed gratitude to shareholders and business partners for their support and feedback, emphasizing a commitment to improving services and maximizing returns for shareholders[15]. - The company has established multiple channels for communication with shareholders and stakeholders, enhancing investor relations[140]. - The company adopted a shareholder communication policy to ensure timely and equal access to information for shareholders and potential investors[136]. Financial Position - Cash and cash equivalents as of December 31, 2021, were approximately HKD 35.4 million, a slight decrease from HKD 38.2 million as of December 31, 2020[35]. - The total assets as of December 31, 2021, amounted to HKD 54,742,000, slightly up from HKD 53,762,000 in 2020[194]. - The total liabilities increased to HKD 20,090,000 from HKD 19,711,000 in 2020, reflecting a rise of 1.9%[194]. - The net current assets were HKD 26,623,000, down from HKD 29,516,000 in 2020, indicating a decrease of 9.7%[194]. - As of December 31, 2021, the company's debt-to-asset ratio was approximately 36.7%, unchanged from December 31, 2020[41]. Employee and Management - The total employee cost for the year ended December 31, 2021, was approximately HKD 13.2 million, down from HKD 17.5 million in the previous year[48]. - The company employed 49 staff as of December 31, 2021, a decrease from 53 staff as of December 31, 2020[48]. - Liu Yi was appointed as Executive Director and CEO on January 7, 2022, overseeing overall strategic planning and general management[63]. - Huang Jianying joined as Executive Director on December 16, 2021, responsible for general management oversight[64]. Risk Management - The company established an enterprise risk management framework in 2016, following the COSO framework to manage various risks[132]. - A risk register is maintained to track identified major risks and actions taken to mitigate them, with annual assessments conducted[133]. - The board is responsible for maintaining effective internal controls and risk management systems, which are reviewed annually[128]. Environmental Compliance - The company has adopted green initiatives and measures in its daily operations, including resource recycling and energy-saving practices[139]. - The company has complied with all relevant environmental laws and regulations during the year ended December 31, 2021[141].

Financial Performance - For the three months ended September 30, 2021, the group's revenue was HKD 37,615,000, a significant increase of 201.5% compared to HKD 12,453,000 for the same period in 2020[2] - The gross profit for the nine months ended September 30, 2021, was HKD 24,709,000, representing a 276.5% increase from HKD 6,548,000 in the same period of 2020[2] - The group reported a loss before tax of HKD 1,771,000 for the nine months ended September 30, 2021, an improvement from a loss of HKD 5,549,000 in the same period of 2020[2] - The total comprehensive income attributable to owners of the company for the three months ended September 30, 2021, was HKD 4,117,000, compared to a loss of HKD 24,000 in the same period of 2020[2] - The group’s total revenue for the nine months ended September 30, 2021, was HKD 61,080,000, a 67.0% increase from HKD 36,611,000 in the same period of 2020[2] - For the nine months ended September 30, 2021, the company's revenue increased by approximately 66.9% to HKD 61.1 million from HKD 36.6 million for the same period in 2020, primarily due to significant revenue growth from licensed mobile games launched in Q2 and Q3 2021[26] - The company's gross profit for the nine months ended September 30, 2021, rose approximately 280.0% to HKD 24.7 million from HKD 6.5 million for the same period in 2020, driven by increased revenue from licensed mobile games[29] - The company's basic and diluted loss per share for the nine months ended September 30, 2021, was HKD (0.01), an improvement from HKD (0.03) in the same period of 2020[2] - The group recorded a loss of approximately HKD 1.8 million for the nine months ended September 30, 2021, compared to a loss of approximately HKD 5.5 million for the same period in 2020, primarily due to an increase in gross profit of approximately HKD 18.2 million from licensed mobile game revenues and an increase in promotional and advertising expenses of approximately HKD 12.9 million[32] Expenses - The group incurred a total of HKD 18,763,000 in selling expenses for the nine months ended September 30, 2021, compared to HKD 5,902,000 in the same period of 2020, indicating a 217.5% increase[2] - The company’s operating costs increased by approximately 20.9% to HKD 36.4 million for the nine months ended September 30, 2021, from HKD 30.1 million for the same period in 2020, primarily due to increased channel costs and patent fees[27] - Sales expenses surged approximately 218.6% to HKD 18.8 million for the nine months ended September 30, 2021, compared to HKD 5.9 million for the same period in 2020, attributed to promotional and advertising expenses for new licensed mobile games[30] - The increase in promotional and advertising expenses was a significant factor in the overall loss for the period[32] Equity and Dividends - The company’s total equity as of September 30, 2021, was HKD 32,125,000, down from HKD 39,110,000 as of September 30, 2020[4] - The company did not declare or pay any dividends during the nine months ended September 30, 2021, consistent with the same period in 2020[22] - The board of directors did not recommend the payment of dividends for the nine months ended September 30, 2021, consistent with the previous year[33] Shareholder Information - Major shareholders include Ms. Huang Pei-Yin with a 41.74% stake (66,787,235 shares) and Mr. Shi Ren-Yi with an 18.13% stake (29,004,337 shares) as of September 30, 2021[35] - No single customer contributed 10% or more to the company's revenue during the relevant period[16] Compliance and Governance - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15, with the exception of the Chairman and CEO roles being held by the same individual since June 30, 2021[47] - The company confirms compliance with the minimum public float requirement of 25% as of the report date[48] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the nine months ended September 30, 2021, ensuring compliance with applicable accounting standards and GEM Listing Rules[53] Future Plans and Market Strategy - The company plans to enhance its competitiveness in the mobile gaming market in Hong Kong and Taiwan by introducing more quality licensed games and focusing on mobile gaming and marketing efforts[25] - The company has not disclosed any new product developments or market expansion strategies in the provided content[40] Other Information - The company has not incurred any taxable profits in Hong Kong or Taiwan during the period, resulting in no tax provisions being made[20][21] - No significant acquisitions or disposals occurred during the nine months ended September 30, 2021[43] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended September 30, 2021[42] - There were no competitive businesses or conflicts of interest reported by directors or major shareholders during the nine months ended September 30, 2021[44] - There have been no significant events affecting the group after the reporting period up to the report date[54] - The quarterly results announcement and report for the nine months ended September 30, 2021, will be sent to shareholders and published on the company's website[55]

Financial Performance - Total revenue for the six months ended June 30, 2021, was HKD 23,465,000, a decrease of 2.9% from HKD 24,158,000 in the same period of 2020[8] - Gross profit for the six months ended June 30, 2021, increased to HKD 6,557,000, representing a 53.3% increase from HKD 4,277,000 in 2020[8] - The company reported a loss before tax of HKD 5,904,000 for the six months ended June 30, 2021, compared to a loss of HKD 5,815,000 in the same period of 2020[8] - The company reported a basic and diluted loss per share of HKD 0.04 for the six months ended June 30, 2021, unchanged from the same period in 2020[8] - The company recorded a net loss of approximately HKD 5.9 million for the six months ended June 30, 2021, compared to a net loss of approximately HKD 5.8 million for the same period in 2020[47] - Revenue decreased by approximately 2.9% to about HKD 23.5 million for the six months ended June 30, 2021, down from approximately HKD 24.2 million for the same period in 2020[48] Expenses - The company incurred selling expenses of HKD 6,953,000 for the six months ended June 30, 2021, which is a 60.5% increase from HKD 4,329,000 in the same period of 2020[8] - The company’s administrative expenses for the six months ended June 30, 2021, were HKD 5,645,000, a slight decrease from HKD 5,976,000 in 2020[8] - The total employee cost for the six months ended June 30, 2021, was approximately HKD 7.4 million, compared to HKD 8.8 million for the same period in 2020[69] - The company’s total expenses for the six months ended June 30, 2021, included employee costs of HKD 5,400 thousand, down from HKD 6,811 thousand in 2020, a reduction of 20.7%[28] - Selling expenses increased by approximately 62.8% to about HKD 7.0 million for the six months ended June 30, 2021, compared to approximately HKD 4.3 million for the same period in 2020[52] - Administrative expenses slightly decreased by approximately 6.7% to about HKD 5.6 million for the six months ended June 30, 2021, from approximately HKD 6.0 million in the same period of 2020[53] Cash Flow and Assets - Cash and cash equivalents as of June 30, 2021, were HKD 26,878,000, down from HKD 38,158,000 at the end of 2020[10] - The net cash used in operating activities for the six months ended June 30, 2021, was HKD (6,468) thousand, compared to HKD (4,446) thousand for the same period in 2020, representing an increase of 45.6%[13] - The net cash used in investing activities for the six months ended June 30, 2021, was HKD (4,036) thousand, up from HKD (1,300) thousand in 2020, indicating a significant increase of 210.3%[13] - The total cash and cash equivalents decreased to HKD 26,878 thousand at the end of the period, down from HKD 38,110 thousand at the end of June 30, 2020, reflecting a decline of 29.5%[13] - Non-current assets increased to HKD 7,805,000 as of June 30, 2021, compared to HKD 5,532,000 at the end of 2020, driven by an increase in intangible assets[10] - Accounts receivable increased to approximately HKD 4,517,000 as of June 30, 2021, from approximately HKD 3,558,000 as of December 31, 2020[37] Equity and Capital - The company’s total equity decreased to HKD 28,008,000 as of June 30, 2021, from HKD 34,051,000 at the end of 2020[10] - The company reported a capital commitment of approximately HKD 2.6 million for the acquisition of intangible assets as of June 30, 2021, compared to HKD 1.0 million as of December 31, 2020[67] - The group’s debt-to-asset ratio was approximately 38.2%, an increase from 36.7% as of December 31, 2020[79] Market Strategy and Operations - The company is focusing on expanding its market presence and enhancing its product offerings to drive future growth[12] - The company had no single customer contributing 10% or more to total revenue during the period, indicating a diversified customer base[26] - The company had no significant acquisitions or disposals of subsidiaries and associates during the six months ended June 30, 2021[59] - There were no major investments held by the company during the six months ended June 30, 2021[60] - As of June 30, 2021, the company had no specific plans for significant investments or capital assets[61] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated results for the six months ended June 30, 2021, ensuring compliance with applicable accounting standards[91] - The company has adopted the GEM Listing Rules and has complied with all applicable code provisions during the reporting period[84] - The chairman and CEO roles are held by the same individual, which deviates from the GEM Listing Rules, but the board believes this arrangement ensures consistent strategy execution[86] - The company confirmed compliance with the minimum public float requirement of 25% as of the report date[87] Dividends and Share Options - The company did not declare or pay any dividends for the six months ended June 30, 2021, consistent with the same period in 2020[32] - The board did not recommend the payment of an interim dividend for the six months ended June 30, 2021[70] - No share options were granted, exercised, expired, or lapsed during the six months ended June 30, 2021[90] - The company has a share option scheme approved by shareholders, which is valid for 10 years from the listing date[88] Employment and Staff - The company employed 48 staff members in Hong Kong and Taiwan as of June 30, 2021, down from 53 staff members a year earlier[69]

Financial Performance - For the three months ended March 31, 2021, the revenue was HKD 11,982,000, a decrease of 6.5% compared to HKD 12,814,000 for the same period in 2020[5] - The cost of services provided was HKD 8,314,000, resulting in a gross profit of HKD 3,668,000, which is an increase of 61.3% from HKD 2,273,000 in 2020[5] - The total comprehensive loss for the period was HKD 3,095,000, compared to a loss of HKD 3,629,000 in the same period last year, indicating a 14.7% improvement[5] - Basic and diluted loss per share remained at HKD 0.02 for both 2021 and 2020[5] - The company recorded a net loss of approximately HKD 3.3 million for the three months ended March 31, 2021, compared to a net loss of approximately HKD 3.9 million for the same period in 2020[30] Cost and Expenses - The group reported a financing cost of HKD 14,000, slightly down from HKD 15,000 in the previous year[5] - The administrative expenses for the period were HKD 3,424,000, slightly down from HKD 3,544,000 in the same period last year[5] - Sales expenses increased by approximately 33.3% from about HKD 2.7 million for the three months ended March 31, 2020, to about HKD 3.6 million for the same period in 2021, primarily due to increased promotional and advertising expenses for new game launches in Taiwan[35] - Administrative expenses slightly decreased by approximately 2.9% from about HKD 3.5 million for the three months ended March 31, 2020, to about HKD 3.4 million for the same period in 2021[36] - The cost of services provided decreased by approximately 21.0% from about HKD 10.5 million for the three months ended March 31, 2020, to about HKD 8.3 million for the same period in 2021[32] Equity and Shareholding - The total equity as of March 31, 2021, was HKD 30,956,000, a decrease from HKD 41,508,000 as of March 31, 2020[7] - As of March 31, 2021, Ms. Huang Pei-Yin holds 66,787,235 shares, representing approximately 41.74% of the company's equity[40] - Mr. Shi Ren-Yi, the chairman, holds 29,004,337 shares, accounting for approximately 18.13% of the company's equity[40] Corporate Governance - The company did not declare or pay any dividends for the three months ended March 31, 2021, consistent with the same period in 2020[24] - The audit committee was established on December 23, 2015, and consists of three independent non-executive directors, ensuring compliance with GEM listing rules[58] - The unaudited consolidated results for the three months ended March 31, 2021, were reviewed by the audit committee and management, confirming compliance with applicable accounting standards and GEM listing rules[58] Future Plans and Market Focus - The company continues to focus on the development, operation, publishing, and distribution of online and mobile games in Hong Kong and Taiwan[10] - The company plans to enhance its competitiveness in the mobile gaming market in Hong Kong and Taiwan by introducing more quality licensed games and focusing on mobile gaming and marketing efforts[30] Other Information - The group experienced a foreign exchange gain of HKD 213,000 during the period, compared to a gain of HKD 241,000 in the previous year[5] - The company has not applied any new accounting standards that have been issued but not yet effective, and is currently assessing their potential impact[13] - There were no significant events affecting the company after the reporting period[27] - No significant acquisitions or disposals occurred during the three months ending March 31, 2021[47] - The company and its subsidiaries did not purchase, sell, or redeem any listed securities during the three months ending March 31, 2021[48] - The company confirmed it maintains a minimum public float of 25% as required by GEM listing rules[53] - The stock option plan was approved by shareholders on December 23, 2015, and is effective for 10 years from the company's listing date[54] - 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[55] - As of March 31, 2021, no stock options were granted, exercised, expired, or lapsed, and there were no unexercised stock options under the plan[56]