（於開曼群島註冊成立之有限公司） 股份代號： THIRD QUARTERLY REPORT 2019 第三季度業績報告 2019 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司帶有較高投資風險。 有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券承受較大的市場波動風險，同 時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表 示，概不對因本報告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本報告的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關本公司的資料。正力控股有 限公司（「本公司」）董事（「董事」）願就本報告的資料共同及個別地承擔全部責任。董事在作出一切合理查詢後確認， 就彼等所知及所信，本報告所載資料在所有重大方面均屬準確完備，並無誤導或欺詐成分，亦無 ...

ZHENG LI HOLDINGS LIMITED 正 力 控 股 有 限 公 司 (於開曼群島註爵成立之有限公司) 股份代號：8283 中期報告 AR-O-LI 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司帶有 較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方 作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券承受較大的 市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表任何 聲明，並明確表示，概不對因本報告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 本報告的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關本公司的 資料。正力控股有限公司（「本公司」）董事（「董事」）願就本報告的資料共同及個別地承擔全部責任。 董事在作出一切合理查詢後確認，就彼等所知及所信，本報告所載資料在所有重大方面 ...

Financial Performance - Revenue for the first quarter of 2019 was SGD 5,479,000, an increase from SGD 3,763,000 in the same period of 2018, representing a growth of approximately 45.5%[40] - The company reported a loss before tax of SGD 242,000 for Q1 2019, significantly improved from a loss of SGD 1,470,000 in Q1 2018, indicating a reduction in losses by approximately 83.5%[40] - Total comprehensive loss for the period was SGD 324,000 in Q1 2019, compared to SGD 1,470,000 in Q1 2018, reflecting a decrease of about 78%[40] - Basic and diluted loss per share for Q1 2019 was SGD 0.065, a notable improvement from SGD 0.29 in Q1 2018[40] - The company reported a loss attributable to equity holders of SGD 0.32 million for the three months ended March 31, 2019, compared to a loss of SGD 1.47 million for the same period in 2018[61] - The group recorded a loss of approximately SGD 1.5 million for the three months ended March 31, 2018, which decreased to approximately SGD 0.3 million for the three months ended March 31, 2019, indicating improved gross profit and gross margin in Singapore and China markets[78] Revenue Breakdown - Revenue from maintenance and repair services accounted for approximately 76.3% of total revenue in Q1 2019, down from 82.4% in Q1 2018[68] - The segment for modification, tuning, and beautification services, along with the sale of parts, generated SGD 0.92 million in Q1 2019, up from SGD 0.66 million in Q1 2018, reflecting a growth of 38.7%[51][68] - The company continues to focus on expanding its product and service offerings to meet customer demands, with a reported revenue growth of 38.7% in this segment[68] - The subsidiary in China contributed approximately SGD 0.4 million to the group's revenue for the three months ended March 31, 2019[70] Cost and Expenses - Material costs for Q1 2019 were SGD 2,852,000, up from SGD 2,113,000 in Q1 2018, indicating an increase of approximately 35%[40] - Employee benefit expenses decreased to SGD 1,379,000 in Q1 2019 from SGD 1,534,000 in Q1 2018, a reduction of about 10.1%[40] - The company incurred financial expenses of SGD 66,000 in Q1 2019, compared to SGD 53,000 in Q1 2018, representing an increase of approximately 24.5%[40] Share Capital and Dividends - The company has issued a total of 500 million ordinary shares as of March 31, 2019, following a placement of 125 million new shares and a capitalization of 375 million shares in November 2016[63] - As of April 4, 2019, the company has split its issued and unissued ordinary shares into four ordinary shares, increasing the total issued shares to 2 billion[66] - The company does not recommend any dividend payment for the three months ended March 31, 2019, consistent with the previous year[55] - No dividends were recommended for the three months ended March 31, 2019, compared to no dividends in the same period of 2018[98] Corporate Governance - The board of directors confirmed that the financial information presented is accurate and complete, with no misleading elements[40] - The audit committee reviewed the unaudited consolidated results for the three months ended March 31, 2019, in meetings with management[93] - The company has not established any arrangements for directors or their family members to benefit from purchasing shares or debentures of the company[80] - There were no interests or businesses held by directors that directly or indirectly compete with the company as of March 31, 2019[91] Strategic Initiatives - The company aims to enhance its market presence and explore new product development strategies in the upcoming quarters[40] - The group aims to maintain its leading position in the Singapore passenger car market and plans to expand its service offerings based on customer demand and market trends[74] - The group has established a new subsidiary, Shenzhen Dache Technology Co., Ltd., focused on the car-sharing rental market in China, contributing to the diversification of its business[70] - The company has been appointed as an authorized repairer by several insurance companies, allowing it to provide repair services for insured vehicles[73] - The company is committed to enhancing its service capabilities and market reputation to increase its customer base in the highly fragmented passenger car maintenance market[72] Market Environment - The Singapore government has implemented policies and incentives, such as a rebate of SGD 20,000 for fully electric vehicles, which is expected to influence the market for electric vehicles[76] - The group plans to leverage advancements in repair equipment and vehicle engine technology to support the growth of the passenger car maintenance market in Singapore[76] Other Information - The report will be available on the Hong Kong Stock Exchange website for at least seven days from the date of publication[3] - The company has not purchased, sold, or redeemed any of its listed securities during the three months ended March 31, 2019[86] - The company has adopted a share option scheme, but no options were granted during the three months ended March 31, 2019[87] - The company has made amendments to its articles of association effective April 4, 2019, to reflect the new share capital structure and facilitate the operation of the co-chairman framework[97]

Financial Performance - The company reported a significant increase in revenue for the year ending December 31, 2018, with total revenue reaching HKD 100 million, representing a growth of 25% compared to the previous year[10]. - The group's revenue increased from approximately SGD 14.0 million for the year ended December 31, 2017, to approximately SGD 17.6 million for the year ended December 31, 2018, representing a growth of approximately SGD 3.6 million or 25.7%[11]. - The group recorded a loss of approximately SGD 3.8 million for the year ended December 31, 2018, compared to a loss of approximately SGD 2.0 million for the year ended December 31, 2017[11]. - The company reported a net profit margin of 12%, indicating strong financial health and operational efficiency[10]. - The group's revenue increased by approximately SGD 3.6 million or 25.7% from about SGD 14.0 million for the year ended December 31, 2017, to about SGD 17.6 million for the year ended December 31, 2018, primarily due to the expansion of the Sin Ming Autocity service center[24]. User and Market Growth - User data showed a 30% increase in active users, reaching 1.5 million by the end of the reporting period[10]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% based on current market trends and user acquisition strategies[10]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a 15% market share within the next two years[10]. - New product launches are expected to contribute an additional HKD 15 million in revenue, with a focus on enhancing user experience and expanding product offerings[10]. Strategic Initiatives - Research and development investments increased by 10%, focusing on innovative technologies to improve operational efficiency[10]. - The company is considering strategic acquisitions to enhance its market position, with potential targets identified in the technology sector[10]. - A new marketing strategy was introduced, aiming to increase brand awareness and customer engagement by 40% over the next year[10]. - The group aims to expand its service and product offerings to maintain its position as a leading automotive service provider in Singapore[12]. Corporate Governance - The board of directors emphasized the importance of corporate governance and compliance, ensuring transparency and accountability in all operations[10]. - The company has adopted a corporate governance policy to ensure high standards of governance, which is crucial for sustainable growth and maximizing shareholder interests[68]. - The board has implemented a diversity policy, considering factors such as gender, age, cultural background, and professional experience to achieve board diversity[69]. - The company has established a robust financial team to support its operations and strategic initiatives[62]. Employee and Operational Developments - Employee-related expenses increased from approximately SGD 5.1 million for the year ended December 31, 2017, to approximately SGD 5.7 million for the year ended December 31, 2018[11]. - The company hired 26 new employees, including 18 technical staff, to enhance service capacity and improve human resource value[41]. - The company plans to continue retaining experienced employees while seeking suitable talent to enhance human resource value[41]. - The company integrated a new payroll system and an ERP system tailored for the automotive industry to improve operational efficiency[41]. Risk Management and Compliance - The company has established policies and procedures to identify, assess, and manage significant risks, with the board responsible for maintaining the effectiveness of the risk management and internal control systems[104]. - The company has a policy in place to ensure that all employees comply with insider trading regulations and are kept informed of the latest regulatory updates[104]. - The company reported no violations of relevant laws and regulations during the year, ensuring compliance with environmental and safety standards[168]. Shareholder and Financial Policies - The board proposed not to declare any dividends for the year ended December 31, 2018, consistent with the previous year[125]. - The company has established a shareholder communication policy to enhance transparency and investor confidence[116]. - The company has distributable reserves of approximately SGD 3.3 million, down from SGD 4.7 million as of December 31, 2017[174]. - The company has not engaged in any purchase, sale, or redemption of its listed securities during the year ended December 31, 2018[132]. Audit and Financial Reporting - The financial statements have been audited in accordance with International Financial Reporting Standards, reflecting a true and fair view of the group's financial position as of December 31, 2018[193]. - The audit report highlights key audit matters, including trade receivables and obsolete inventory provisions, which are critical to the financial statements[195]. - The independent auditor, Ernst & Young, has been retained since the company's listing and will be proposed for reappointment at the upcoming annual general meeting[189].