Financial Performance - The company reported revenues of approximately HKD 41.7 million for the year ended December 31, 2023, a decrease of about 7.1% from HKD 44.9 million in the previous year[8]. - The net profit attributable to the owners of the parent company for the year ended December 31, 2023, was approximately HKD 2.6 million, compared to a loss of HKD 2.0 million in the previous year[8]. - Revenue from the online backup software segment decreased by approximately HKD 3.9 million or 9.7% to about HKD 36.4 million for the year ended December 31, 2023[12]. - Revenue from the information platform increased by approximately HKD 0.6 million or 13.0% to about HKD 5.2 million for the year ended December 31, 2023[12]. - Total revenue for the year ended December 31, 2023, was approximately HKD 41.7 million, a decrease of about 7.1% from HKD 44.9 million in 2022[24]. - The decline in revenue was primarily due to a slow recovery in demand caused by a weak global economy and changes in customer types due to reduced bulk purchases[25]. - Other income increased by approximately HKD 0.5 million or 26.3% to about HKD 2.4 million for the year ending December 31, 2023, primarily due to increased bank interest income[26]. - Net other income improved from a loss of approximately HKD 0.5 million for the year ending December 31, 2022, to about HKD 2.0 million for the year ending December 31, 2023, mainly due to a one-time gain from the termination of a subsidiary's consolidation[27]. Sales and Market Trends - Ahsay OBM and Ahsay ACB accounted for approximately 69.8% of the company's software licensing sales and rental revenue[12]. - For the year ended December 31, 2023, Ahsay OBM license sales volume was 3,660, a decrease of approximately 44.3% compared to 6,572 in the same period of 2022[14]. - The average unit price for Ahsay OBM increased by approximately HKD 32 or 9.2% to about HKD 381 in 2023, up from approximately HKD 349 in 2022[14]. - Ahsay ACB license sales volume was 695, down approximately 40.8% from 1,173 in the previous year, with the average unit price decreasing by approximately HKD 20 or 12.3% to HKD 142[14]. - Total monthly lease volume for Ahsay OBM was 215,247, a decrease of about 7.1% from 231,580 in 2022, with the average monthly price dropping by approximately HKD 2.8 or 6.0% to HKD 44.1[14]. - The company faced challenges due to changing customer purchasing patterns and intense competition in the global online backup software market[8]. Product Development and Innovation - The company launched two major new features during the year: "Immutable Backup" and "Restore Drill" to address market demands and cybersecurity threats[9]. - The company launched new features in its AhsayTM backup software, including "immutable backup" and "restore drills," enhancing data protection and security against ransomware threats[18][19]. - The company continues to focus on enhancing user experience with its software, particularly with the improvements made in the latest version of AhsayTM backup software[20]. - The information platform, including KINBOY and KINTIPS, is expected to see stable growth as mobile applications become more popular for accessing information[23]. Cost Management and Efficiency - The company implemented cost control measures, including team restructuring, which contributed to the reduction in employee costs[8]. - Employee costs and related expenses decreased by approximately HKD 2.9 million or 8.8% to about HKD 29.9 million for the year ending December 31, 2023, due to cost control measures including team restructuring[28]. - Other expenses decreased by approximately HKD 1.4 million or 9.3% to about HKD 13.6 million for the year ending December 31, 2023, primarily due to changes in the marketing mix and further cost tightening[30]. Corporate Governance and Management - The board has adopted a general dividend policy aimed at providing shareholders with the group's attributable profit for any financial year, but no dividend is recommended for the year ending December 31, 2023[70][71]. - The company primarily engages in investment holding, with subsidiary operations detailed in note 31 of the financial statements[68]. - The company has not engaged in any purchases, redemptions, or sales of its listed securities during the year ending December 31, 2023[76]. - The company has no management contracts related to the management and administration of its business[85]. - The board has established four committees: the Remuneration Committee, the Nomination Committee, the Audit Committee, and the Risk Management Committee, all of which are primarily composed of independent non-executive directors[139]. - The company has adopted corporate governance principles based on high-quality board leadership and effective internal controls[124]. - The company has not identified any significant non-compliance with relevant laws and regulations as of December 31, 2023[117]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes the importance of strong environmental, social, and governance (ESG) performance for sustainable business development[178]. - The company aims to achieve zero accidents and provide a healthy working environment for employees, highlighting the significance of development and training for long-term sustainability[186]. - The company actively engages with stakeholders to understand their perspectives on sustainable development, conducting interviews and surveys[180]. - The company has identified key social issues such as employment, labor standards, and community investment as priorities based on stakeholder feedback[183]. - The company’s environmental impact is considered minimal, as its core business is limited to office environments, and it will continue to assess and minimize this impact[186]. - The company’s board directly oversees ESG matters and is responsible for formulating and implementing management strategies[178]. - The total indirect carbon emissions (Scope 2) from electricity generation decreased to 108,997 kg in 2023 from 117,178 kg in 2022, representing a reduction of approximately 7.5%[191]. - The total energy consumption decreased to 254,290 kWh in 2023 from 276,943 kWh in 2022, a decline of about 8.2%[198]. - Water resource consumption increased to 274 cubic meters in 2023 from 216 cubic meters in 2022, an increase of approximately 27%[198]. - The total paper consumption decreased to 70.8 reams in 2023 from 83.0 reams in 2022, a reduction of about 14.5%[199]. - The greenhouse gas emissions per employee increased to 1,676.9 kg per employee in 2023 from 1,605.2 kg per employee in 2022, an increase of approximately 4.4%[191]. - The company aims to maintain or reduce greenhouse gas emissions intensity in 2024 compared to the 2023 baseline[194]. - The company has implemented various energy-saving measures, including encouraging employees to turn off unused electrical equipment[196]. - The company successfully donated over 300 items of clothing and goods to the Salvation Army in September 2023[190]. - The company participated in a fundraising event for thalassemia patients, raising a total of HKD 5,000 with the participation of 36 employees[189]. - The company has not reported any significant violations of environmental laws and regulations during the reporting period[195].

Financial Performance - The group's revenue for the year ended December 31, 2023, was approximately HKD 41.7 million, a decrease of about 7.1% compared to approximately HKD 44.9 million in the previous year[6] - The profit attributable to equity holders of the parent company for the year ended December 31, 2023, was approximately HKD 2.6 million, compared to a loss of approximately HKD 2.0 million in the previous year[6] - The online backup software and related services segment recorded a loss of approximately HKD 3.2 million for the year ended December 31, 2023, compared to a loss of HKD 4.5 million in the previous year[6] - The information platform segment achieved a profit of approximately HKD 1.1 million for the year ended December 31, 2023, compared to HKD 0.9 million in the previous year[6] - Basic and diluted earnings per share for the year ended December 31, 2023, were HKD 0.13[6] - The net loss for the year was HKD 1,964,000, which contributed to a total comprehensive loss of HKD 2,396,000 for the year[9] - The company achieved a net profit of HKD 2,644,000 in the current year, leading to a total comprehensive income of HKD 2,640,000[9] - The group recorded a profit attributable to equity holders of approximately HKD 2.6 million for the year ended December 31, 2023, compared to a loss of approximately HKD 2.0 million in the previous year[48] Assets and Liabilities - Total assets less current liabilities as of December 31, 2023, amounted to HKD 59.1 million, compared to HKD 57.9 million in the previous year[8] - Net assets as of December 31, 2023, were HKD 57.9 million, an increase from HKD 53.9 million in the previous year[8] - The group’s cash and cash equivalents as of December 31, 2023, were HKD 62.3 million, compared to HKD 59.7 million in the previous year[8] - The total equity attributable to equity holders of the parent company as of December 31, 2023, was HKD 57.9 million, compared to HKD 55.2 million in the previous year[8] - The company reported a total equity of HKD 57,924,000 as of December 31, 2023, an increase from HKD 55,215,000 in the previous year[9] - Total assets as of December 31, 2023, were HKD 78,943,000, a decrease from HKD 81,506,000 as of December 31, 2022[24] - The company’s total liabilities as of December 31, 2023, were HKD 21,019,000, down from HKD 27,636,000 in the previous year, indicating a reduction of 23.9%[26] Revenue Breakdown - Total revenue for the year ended December 31, 2023, was HKD 41,659,000, a decrease of 7.5% compared to HKD 44,882,000 for the year ended December 31, 2022[22] - The online backup software and related services segment generated revenue of HKD 36,418,000, down from HKD 40,263,000 in the previous year, representing a decline of 9.3%[22] - The information platform segment generated revenue of HKD 5,241,000, an increase from HKD 4,619,000 in the previous year, showing growth of 13.4%[22] - Revenue from the United States increased to HKD 7,280,000 in 2023 from HKD 5,558,000 in 2022, representing a growth of 30.9%[28] - Revenue from the online backup software segment decreased by approximately HKD 3.9 million or 9.7%, from approximately HKD 40.3 million to approximately HKD 36.4 million[48] - Revenue from the information platform increased by approximately HKD 0.6 million or 13.0%, from approximately HKD 4.6 million to approximately HKD 5.2 million[48] Expenses and Cost Management - Employee costs and related expenses decreased to HKD 29,869,000 in 2023 from HKD 32,763,000 in 2022, a reduction of 8.7%[31] - Other expenses decreased by approximately HKD 1.4 million or 9.3% to about HKD 13.6 million for the year ended December 31, 2023, compared to approximately HKD 15.0 million for the previous year[55] - The total employee and director costs for the year ended December 31, 2023, were approximately HKD 29.9 million, a decrease of about HKD 2.9 million or 8.8% compared to the previous year[68] - The company’s research and development costs included in employee costs were HKD 10,527,000 in 2023, down from HKD 12,177,000 in 2022, a decrease of 13.5%[31] Dividends and Shareholder Information - The board of directors did not recommend the payment of any dividend for the year ended December 31, 2023[6] - The company did not declare any dividends for both 2023 and 2022, maintaining a consistent policy[35] - The group did not propose any dividend for the year ended December 31, 2023[72] Operational Developments - The company continues to focus on online backup software solutions, indicating potential for market expansion[13] - The newly launched features "Immutable Backup" and "Recovery Drill" are aimed at enhancing cybersecurity and data protection[42] - The ninth version of the AhsayTM backup software, launched in 2022, includes significant improvements such as "Deduplication" to optimize storage management[42] - The information platform's user engagement is expected to grow steadily as more users shift from traditional newspapers to mobile applications for horse racing information[47] - The group continues to focus on developing high-quality products to meet market demands and changes in the competitive online backup industry[48] Audit and Compliance - The audit committee has been established to review and supervise the company's financial reporting procedures and internal control systems[77] - The auditor, Ernst & Young, confirmed that the preliminary announcement data aligns with the group's consolidated financial statements for the year ending December 31, 2023[78] - The annual performance announcement will be published on the GEM website and the company's website, with the annual report to be sent to shareholders in due course[79]

Financial Performance - The company recorded revenue of approximately HKD 31.1 million for the nine months ended September 30, 2023, a decrease of about 7.2% compared to HKD 33.5 million for the same period in 2022[4]. - The company achieved a profit attributable to equity holders of approximately HKD 1.9 million for the nine months ended September 30, 2023, compared to a loss of approximately HKD 2.2 million in the same period of 2022[4]. - Total revenue for the nine months ended September 30, 2023, was HKD 31,082,000, a decrease of 7.1% compared to HKD 33,470,000 for the same period in 2022[35]. - The company reported a profit before tax of HKD 1,919,000 for the nine months ended September 30, 2023, compared to a loss of HKD 2,323,000 for the same period in 2022[35]. - The net profit for the nine months ended September 30, 2023, was HKD 1,867,000, a significant improvement from a loss of HKD 2,396,000 in the same period last year[35]. - The basic and diluted earnings per share for the nine months ended September 30, 2023, was HKD 0.09, compared to a loss per share of HKD 0.11 for the same period in 2022[35]. - For the nine months ended September 30, 2023, the profit attributable to equity holders of the parent was HKD 1,893,000, compared to a loss of HKD (2,156,000) for the same period in 2022, indicating a turnaround in performance[58]. Revenue Breakdown - Online backup software revenue decreased by approximately HKD 2.9 million or 9.6% to HKD 27.3 million for the nine months ended September 30, 2023[20]. - Information platform revenue increased by approximately HKD 0.5 million or 15.2% to HKD 3.8 million for the nine months ended September 30, 2023[20]. - Revenue from software licensing rights decreased to HKD 1,468,000, down 42% from HKD 2,533,000 year-over-year[48]. - Revenue from software maintenance services was HKD 13,811,000, a slight decrease of 3.9% from HKD 14,373,000 in the previous year[48]. Cost Management - Employee costs decreased by approximately HKD 3.0 million or 11.9% to about HKD 22.2 million for the nine months ended September 30, 2023, primarily due to cost control measures including team restructuring[9]. - The cost of goods sold for the nine months ended September 30, 2023, was HKD 10,374,000, a slight decrease of 4.1% from HKD 10,818,000 in the previous year[35]. - Employee costs and related expenses totaled HKD 22,152,000 for the nine months ended September 30, 2023, down 12% from HKD 25,156,000 in 2022[51]. - Research and development costs included in employee costs were HKD 7,766,000, a decrease of 18% from HKD 9,478,000 in the previous year[51]. Other Income and Financial Position - Other income increased by approximately HKD 0.3 million or 21.4% to about HKD 1.7 million for the nine months ended September 30, 2023, mainly due to higher average interest rates on fixed deposits[6]. - The company reported a net other income of approximately HKD 1.9 million for the nine months ended September 30, 2023, an increase of about HKD 2.6 million from a net loss of approximately HKD 0.7 million in the same period of 2022[7]. - The company maintained a net cash position as of September 30, 2023, with current assets of approximately HKD 63.1 million[12]. - Total liabilities ratio was zero as of September 30, 2023, compared to 2.8% as of December 31, 2022, indicating a strong financial position[16]. Corporate Governance and Compliance - The company has adopted a code of conduct for securities trading by directors, which complies with GEM Listing Rules[30]. - The audit committee has reviewed the financial information for the nine months ended September 30, 2023, and confirmed compliance with applicable accounting standards[34]. - The company has maintained compliance with the corporate governance code as per GEM Listing Rules throughout the reporting period[31]. Shareholder Information - As of September 30, 2023, major shareholders hold approximately 75% of the company's shares, with significant stakes held by related parties[25]. - The company has issued a total of 2,000,000,000 shares, with All Divine holding 1,500,000,000 shares, representing 75% of the total issued shares[29]. Strategic Developments - The new version of AhsayTM backup software, launched in 2022, includes features like "deduplication" and "immutable backup" to enhance data protection and storage efficiency[21]. - The "immutable backup" feature allows service providers to maintain unaltered backup copies, protecting against accidental or malicious modifications[21]. - The "recovery drill" feature enables service providers to conduct regular disaster recovery tests to ensure backup data is recoverable[21]. - The KINBOY platform provides online access to horse racing information, with free members receiving basic updates and paid members accessing comprehensive data including "cloud data" for analysis[23]. - The KINTIPS platform aims to facilitate information sharing between providers and users, although its revenue contribution remains minimal[23]. - The management anticipates stable growth for the information platform segment due to increasing mobile app usage and user engagement[24]. Loss of Control Over Subsidiary - The group lost control over its subsidiary Ahsay Korea Co., Ltd., which was previously 52.17% owned, and it is now classified as a financial investment measured at fair value through other comprehensive income[60]. - Upon losing control, the net assets of Ahsay Korea included total assets of HKD 2,077,000 and total liabilities of HKD (4,125,000), resulting in a net liability position[61]. - The cash outflow from the termination of consolidation of Ahsay Korea was HKD 17,000, reflecting the cash balance at the time of loss of control[61].

Ahsay Backup Software Development Company Limited 亞勢備份軟件開發有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8290） 截至二零二三年九月三十日止九個月 之第三季度業績公告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在 聯交所上市的公司帶有較高投資風險。有意投資者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公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內 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。 本公告乃遵照香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」） 之規定而刊載，旨在提供有關亞勢備份軟件開發有限公司（「本公司」）的資料； 本公司的董事（「董事」）願就本公告的詳細資料 ...

Financial Performance - The group recorded revenue of approximately HKD 21.2 million for the six months ended June 30, 2023, a decrease of about 7.8% compared to HKD 23.0 million in the same period of 2022[4]. - The group achieved a profit attributable to equity holders of approximately HKD 2.1 million for the six months ended June 30, 2023, compared to a loss of approximately HKD 1.1 million in the same period of 2022[4]. - Revenue for the six months ended June 30, 2023, was HKD 21,156,000, a decrease of 7.85% compared to HKD 22,958,000 for the same period in 2022[58]. - The net profit for the six months ended June 30, 2023, was HKD 2,031,000, compared to a loss of HKD 1,277,000 for the same period in 2022, indicating a significant turnaround[58]. - The total comprehensive income for the six months ended June 30, 2023, was HKD 1,893,000, compared to a loss of HKD 1,860,000 for the same period in 2022[58]. - For the six months ended June 30, 2023, the company reported a profit attributable to equity holders of HKD 2,057,000, compared to a loss of HKD 1,085,000 for the same period in 2022, representing a significant turnaround[93]. Revenue Breakdown - Revenue from online backup software and related services decreased by approximately HKD 2.4 million or 11.6% to approximately HKD 18.2 million from HKD 20.6 million for the same period[23]. - Revenue from the information platform increased by approximately HKD 0.5 million or 20.8% to approximately HKD 2.9 million from HKD 2.4 million for the same period[23]. - Revenue from online backup software and related services was HKD 18,229,000, down from HKD 20,568,000 in the previous year, representing a decline of 11.3%[76]. - The segment profit (loss) for online backup software and related services was a loss of HKD 2,082,000, compared to a loss of HKD 2,420,000 in the same period last year[76]. - The company reported software maintenance service revenue of HKD 10,046,000 for the six months ended June 30, 2023, down from HKD 10,793,000 in the same period of 2022, reflecting a decline of 6.9%[101]. Cost Management - Employee costs decreased by approximately HKD 2.4 million or 14.0% to about HKD 14.8 million for the six months ended June 30, 2023, primarily due to cost control measures including team restructuring[8]. - The total employee count as of June 30, 2023, is 65, a decrease from 81 employees as of June 30, 2022, primarily due to team restructuring[44]. - The total director and employee costs for the six months ended June 30, 2023, amounted to approximately HKD 14.7 million, a decrease of about HKD 2.5 million compared to the same period in 2022[44]. - Employee costs for the six months ended June 30, 2023, totaled HKD 14,750,000, down 14.49% from HKD 17,246,000 in the same period of 2022[58]. - Research and development costs included in employee costs were HKD 5,138,000 for the six months ended June 30, 2023, compared to HKD 6,667,000 in the same period last year[83]. Financial Position - The group maintained a net cash position as of June 30, 2023, with current assets of approximately HKD 63.3 million, compared to HKD 64.9 million as of December 31, 2022[16]. - The company's debt ratio was zero as of June 30, 2023, down from 3.4% as of December 31, 2022[19]. - The company's total equity increased to HKD 57,177,000 as of June 30, 2023, from HKD 53,870,000 at the end of 2022, reflecting a growth of 6.78%[60]. - The company's total liabilities decreased from HKD 15,507,000 as of December 31, 2022, to HKD 13,484,000 as of June 30, 2023, indicating a reduction of 13.0%[101]. - The company’s total liabilities decreased, contributing to a more favorable equity position despite the overall loss[61]. Operational Highlights - The group’s online backup business revenue decreased due to slow recovery in business demand, changes in customer types, and intense competition in the global online backup software market[5]. - The company has implemented cost-saving measures, including team and corporate restructuring, to enhance competitiveness[26]. - The company is focused on expanding its online backup software solutions, leveraging its internet-based service model to enhance customer offerings[66]. - The company has not reported any significant new product developments or market expansions during this period[58]. - The company has not encountered any strikes, work stoppages, or significant labor disputes that would affect operations during the reporting period[48]. Shareholder Information - As of June 30, 2023, the company had issued 2,000,000,000 shares with a total issued capital of HKD 20.0 million[18]. - Major shareholders hold approximately 75% of the company's shares, with All Divine Investments Limited owning 1,500,000,000 shares[33]. - As of June 30, 2023, the company has issued 2,000,000,000 shares, with All Divine holding 1,500,000,000 shares, representing 75% of the total issued shares[37]. Compliance and Governance - The company has adopted a set of securities trading conduct rules for directors, which comply with the GEM Listing Rules[41]. - The company has complied with all provisions of the corporate governance code as set out in the GEM Listing Rules during the six months ended June 30, 2023[42]. - The audit committee has reviewed the interim financial information for the six months ended June 30, 2023, ensuring compliance with applicable accounting standards and GEM Listing Rules[50]. - There are no known business interests or rights of directors and controlling shareholders that compete with the company's business as of June 30, 2023[40]. Cash Flow and Expenses - Operating cash flow for the six months ended June 30, 2023, was HKD 812,000, an improvement from a cash outflow of HKD 1,111,000 in the same period of 2022[64]. - The company experienced a decrease in cash and cash equivalents, totaling HKD 34,497,000 as of June 30, 2023, down from HKD 59,739,000 at the beginning of the period[64]. - The company reported a decrease in trade and other receivables, which improved cash flow by HKD 1,376,000 during the period[64]. - The company incurred financing costs of HKD 127,000, down from HKD 223,000 in the previous year, indicating a reduction in borrowing costs[64]. - The company recognized a foreign exchange loss of HKD 664,000 during the period, impacting overall comprehensive loss[61].

Ahsay Backup Software Development Company Limited 亞勢備份軟件開發有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8290） 截至二零二三年六月三十日止六個月 之中期業績公告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在 聯交所上市的公司帶有較高投資風險。有意投資者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公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內 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。 本公告乃遵照香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」） 之規定而刊載，旨在提供有關亞勢備份軟件開發有限公司（「本公司」）的資料； 本公司的董事（「董事」）願就本公告的詳細資料共同 ...

Revenue Performance - The company recorded revenue of approximately HKD 10.5 million for the three months ended March 31, 2023, a decrease of about 8.7% compared to HKD 11.5 million in the same period of 2022[4]. - Total revenue decreased by approximately HKD 1.0 million or 8.7% to HKD 10.5 million for the three months ended March 31, 2023[18]. - For the three months ended March 31, 2023, total revenue was HKD 10,547,000, a decrease of 8.1% compared to HKD 11,472,000 for the same period in 2022[47]. - Revenue from online backup software and related services was HKD 9,077,000, down from HKD 10,290,000 in the previous year, representing a decline of 11.8%[47]. - Online backup software revenue decreased by approximately HKD 1.2 million or 11.7% to HKD 9.1 million for the three months ended March 31, 2023[18]. - Information platform revenue increased by approximately HKD 0.3 million or 25.0% to HKD 1.5 million for the three months ended March 31, 2023[18]. Profitability - The company achieved a profit of approximately HKD 1.1 million for the three months ended March 31, 2023, compared to a loss of approximately HKD 1.1 million in the same period of 2022, primarily due to cost control measures[4]. - The company reported a pre-tax profit of HKD 1,092,000, compared to a loss of HKD 1,154,000 in the previous year[34]. - The net profit for the period was HKD 1,109,000, reversing a loss of HKD 1,156,000 from the same quarter last year[34]. - The total comprehensive income for the period amounted to HKD 1,994,000, compared to a loss of HKD 1,237,000 in the prior year[34]. - Basic and diluted earnings per share for the period were HKD 0.06, compared to a loss per share of HKD 0.05 in the previous year[34]. - The profit attributable to equity holders of the parent company improved from a loss of HKD 1.051 million in Q1 2022 to a profit of HKD 1.135 million in Q1 2023[57]. Cost Management - Employee costs decreased by approximately HKD 1.4 million or 15.6% to about HKD 7.6 million for the three months ended March 31, 2023, due to team restructuring and cost control measures[9]. - The company has implemented cost-saving measures, including team restructuring and operational cost reduction, to enhance competitiveness[18]. - Total employee costs and related expenses decreased from HKD 9.030 million in Q1 2022 to HKD 7.648 million in Q1 2023, representing a reduction of approximately 15.3%[50]. - Research and development costs included in employee costs and related expenses fell from HKD 3.860 million in Q1 2022 to HKD 2.619 million in Q1 2023, a decrease of about 32.2%[50]. - Interest expenses on borrowings decreased significantly from HKD 113,000 in Q1 2022 to HKD 68,000 in Q1 2023, a reduction of about 39.8%[52]. Assets and Liabilities - The company's current assets were approximately HKD 61.7 million as of March 31, 2023, compared to HKD 64.9 million as of December 31, 2022[12]. - The company maintained a zero debt ratio as of March 31, 2023, compared to 3.4% as of December 31, 2022[15]. - The total liabilities of the company included a loan amount of HKD 1,000,000 related to the issuance of shares by a subsidiary[37]. - There were no significant capital commitments or contingent liabilities as of March 31, 2023[16]. Other Income - Other income increased from approximately HKD 0.1 million to about HKD 0.6 million for the three months ended March 31, 2023, mainly due to higher average interest rates on fixed deposits[6]. - The company reported net other income of approximately HKD 1.3 million for the three months ended March 31, 2023, an increase from about HKD 0.1 million in the same period of 2022, attributed to a one-time gain from a subsidiary[7]. - Other income for the three months ended March 31, 2023, was HKD 565,000, compared to HKD 59,000 in the same period last year, showing a significant increase[48]. - Net other income for the same period was HKD 1,325,000, compared to HKD 74,000 in the previous year, indicating a substantial rise[49]. - Bank interest income increased to HKD 492,000 from HKD 23,000 year-over-year, reflecting a growth of over 2000%[48]. - The company reported a total of HKD 1,375,000 from the termination of consolidation of a subsidiary, which was not present in the previous year[49]. Corporate Governance - The company has complied with the GEM Listing Rules and corporate governance codes during the reporting period[30]. - The audit committee has reviewed the financial information for the three months ended March 31, 2023, ensuring compliance with applicable accounting standards[33]. - The company operates under the GEM listing rules and adheres to Hong Kong Financial Reporting Standards[41]. - The company has not issued any share options under the share option scheme since its adoption in September 2015[31]. Subsidiary Information - The company lost control over its subsidiary Ahsay Korea Co., Ltd. in February 2023, resulting in the cessation of its consolidation in the financial statements[59]. - The net cash outflow from the termination of the subsidiary's consolidation was HKD 17,000[60]. - As of March 31, 2023, All Divine Investments Limited holds 1,500,000,000 shares, representing 75.0% of the issued shares[23]. - As of March 31, 2023, the company had issued 2,000,000,000 shares, with All Divine holding 75% of the shares[28]. Future Outlook - Management expresses confidence in future performance despite ongoing challenges in the economic environment[18]. - The company continues to focus on online backup software solutions, leveraging internet-based services for customer engagement[39]. - The KINBOY platform provides online horse racing information, with free members receiving basic updates and paid members accessing detailed data and analysis[21]. - The KINTIPS platform aims to facilitate information sharing between providers and users, with expected stable growth in the future[21]. - The new version of AhsayTM backup software, launched in January 2023, includes a deduplication feature to save storage space[20]. - The new version supports backup for Microsoft 365, including SharePoint Online, Outlook, OneDrive, and Microsoft Teams[20].

Ahsay Backup Software Development Company Limited 亞勢備份軟件開發有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8290） 截至二零二三年三月三十一日止三個月之 第一季度業績公告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在 聯交所上市的公司帶有較高投資風險。有意投資者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公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內 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。 本公告乃遵照香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」） 之規定而刊載，旨在提供有關亞勢備份軟件開發有限公司（「本公司」）的資料； 本公司的董事（「董事」）願就本公告的詳細資 ...

Financial Performance - The group recorded revenue of approximately HKD 44.9 million for the year ended December 31, 2022, a decrease of about 6.3% from HKD 47.9 million in the previous year[7]. - The loss attributable to the owners of the parent company was approximately HKD 2.0 million, a significant reduction from HKD 15.7 million in the prior year, representing a decrease of over 85%[7]. - Revenue from the online backup software segment decreased by approximately HKD 3.9 million or 8.8% to about HKD 40.3 million for the year ended December 31, 2022[12]. - Revenue from the group's information platform increased by approximately HKD 0.9 million or 24.3% to about HKD 4.6 million for the same period[12]. - Other income increased by approximately HKD 1.6 million or 533.3% to approximately HKD 1.9 million, mainly due to government subsidies and increased bank interest income[28]. - Employee costs and related expenses decreased by approximately 26.5% to approximately HKD 32.8 million from HKD 44.6 million in the previous year, primarily due to cost control measures[29]. - Other expenses decreased by approximately HKD 3.4 million or 18.5% to about HKD 15.0 million for the year ended December 31, 2022, compared to approximately HKD 18.4 million for the year ended December 31, 2021[30]. - The group recorded a loss of approximately HKD 2.3 million for the year ended December 31, 2022, compared to a loss of approximately HKD 16.1 million in the previous year[34]. - The group maintained a net cash position as of December 31, 2022, with current assets of approximately HKD 64.9 million, slightly down from HKD 65.8 million as of December 31, 2021[35]. - The debt ratio as of December 31, 2022, was approximately 3.4%, compared to 3.1% as of December 31, 2021[38]. - Total employee costs for the year ended December 31, 2022, were approximately HKD 32.8 million, a decrease of about HKD 11.8 million or 26.5% compared to the previous year[44]. Product Development and Market Strategy - The company launched AhsayTM Backup Software version 9 in early 2022 to adapt to market changes and maintain competitiveness[8]. - The company is enhancing the quality and functionality of its online backup software and related platforms to improve user experience[8]. - The company anticipates stable growth in its information platform segment, driven by increased demand for digital solutions during the pandemic[24]. - The overall performance is heavily reliant on the ability to maintain software quality and user experience, with significant risks associated with competition and talent retention[21]. - The company is expanding its market presence in the Asia-Pacific region, targeting a growth rate of EE% in that market segment[54]. - New product launches are expected to contribute an additional $DD million in revenue, with a focus on innovative technology solutions[54]. Cost Management and Operational Efficiency - The company has implemented cost control measures, including team restructuring and senior management salary reductions, to lower employee costs[7]. - The management team emphasized a strategic shift towards digital transformation, which is expected to drive efficiency and cost savings of HH%[54]. - The company is investing in research and development, allocating $GG million towards new technology initiatives aimed at improving product offerings[54]. Corporate Governance and Compliance - The company has adhered to the corporate governance code as outlined in the GEM Listing Rules since its listing date[115]. - The board consists of three executive directors, one non-executive director, and three independent non-executive directors as of December 31, 2022[127]. - The company has established four committees: the Remuneration Committee, Nomination Committee, Audit Committee, and Risk Management Committee to oversee various aspects of the group's affairs[141]. - The company has implemented a code of conduct for directors regarding securities trading, ensuring adherence to GEM listing rules[126]. - The company has no significant transactions or contracts involving directors' interests as of the fiscal year-end[86]. - The company has no indemnity provisions benefiting any of its directors as of the report date[89]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to maintaining high standards of corporate governance to maximize shareholder value[126]. - The company has a dedicated ESG working group responsible for implementing and executing relevant policies and measures[180]. - The company aims for zero accidents and emphasizes the importance of employee health and safety, alongside development and training as key components of long-term sustainability[188]. - The company has implemented various energy-saving measures, including educating employees on water conservation and ensuring optimal operation of water supply equipment[197]. - The company reported a decrease in indirect carbon emissions (Scope 2) from 127,447 kg in 2021 to 117,178 kg in 2022, representing a reduction of approximately 8.9%[192]. - The company promotes a paperless office environment to reduce paper waste, with a focus on double-sided printing for necessary documents[197]. - The company encourages green office practices, such as turning off idle lights and equipment to minimize energy consumption[189]. Shareholder Relations and Dividends - The board does not recommend the distribution of any dividends for the year ended December 31, 2022[73]. - The company has adopted a general dividend policy aimed at providing shareholders with the group's attributable profit for any financial year[72]. - The company's distributable reserves as of December 31, 2022, amounted to HKD 59,419,000, a slight decrease from HKD 59,576,000 in the previous fiscal year[80]. - The largest customer and the top five customers accounted for approximately 5% and 13% of the total revenue for the year ended December 31, 2022, respectively[81]. Risk Management - The Risk Management Committee held two meetings to review the company's risk management policies and standards, particularly regarding international sanctions risks[151]. - The company confirmed that its risk management and internal control systems are effective and appropriate, with annual reviews conducted by the Risk Management Committee and Audit Committee[161]. - The company has no internal audit department as per the corporate governance code but has engaged external consultants to review its risk management and internal control systems[163].

Ahsay Backup Software Development Company Limited 亞勢備份軟件開發有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8290） 截至二零二二年十二月三十一日止年度 之年度業績公告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在 聯交所上市的公司帶有較高投資風險。有意投資者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公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內 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。 本公告乃遵照香港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」） 之規定而刊載，旨在提供有關亞勢備份軟件開發有限公司（「本公司」）的資料； 本公司的董事（「董事」）願就本公告的詳細資料共 ...