Financial Performance - The company recorded revenue of approximately HKD 33.5 million for the nine months ended September 30, 2022, a decrease of about 7.2% compared to HKD 36.1 million in the same period of 2021[3]. - The loss attributable to the owners of the parent company for the nine months ended September 30, 2022, was approximately HKD 2.2 million, significantly reduced from a loss of about HKD 12.6 million in the same period of 2021[3]. - The company reported a loss of approximately HKD 2.4 million for the nine months ended September 30, 2022, compared to a loss of about HKD 12.9 million in the same period of 2021[10]. - Total revenue declined by approximately HKD 2.6 million or 7.2% to about HKD 33.5 million for the nine months ended September 30, 2022, from approximately HKD 36.1 million for the same period in 2021[18]. - Loss attributable to equity holders decreased by approximately 82.5% to about HKD 2.2 million for the nine months ended September 30, 2022, compared to approximately HKD 12.6 million for the same period in 2021[18]. - The total comprehensive loss for the nine months was HKD 2,791,000, compared to HKD 13,475,000 in the previous year, indicating a substantial reduction in losses[34]. - Basic and diluted loss per share for the nine months was HKD 0.11, down from HKD 0.63 in the same period of 2021[34]. - The company recorded a loss before tax of HKD 2,323,000 for the nine months, significantly improved from a loss of HKD 12,719,000 in the same period last year[34]. - The total comprehensive loss for the period was HKD 2,728,000, which includes an exchange difference of HKD (1,304,000) from overseas operations[35]. - For the nine months ended September 30, 2022, the company reported total revenue of HKD 33,470,000, a decrease of 7.5% compared to HKD 36,144,000 for the same period in 2021[34]. Cost Management - Employee costs and related expenses decreased by approximately HKD 11.3 million or 31.0% to HKD 25.2 million for the nine months ended September 30, 2022, due to cost control measures including team restructuring[6]. - Employee costs totaled HKD 25,156,000 for the nine months ended September 30, 2022, down 31.5% from HKD 36,538,000 in the previous year[47]. - Research and development costs included in employee costs were HKD 9,478,000, a decrease of 38.3% from HKD 15,372,000 in the prior year[47]. - Other expenses decreased by approximately HKD 0.9 million or 7.7% to HKD 10.8 million for the nine months ended September 30, 2022, primarily due to reduced depreciation and marketing expenses[8]. - The company is focusing on cost control measures in response to weak global economic demand[18]. Revenue Breakdown - Online backup software and related services revenue decreased by approximately HKD 3.3 million or 9.9% to about HKD 30.2 million for the nine months ended September 30, 2022, compared to approximately HKD 33.5 million for the same period in 2021[18]. - Revenue from software licensing decreased to HKD 2,533,000, down 17.3% from HKD 3,063,000 in the previous year[45]. - Revenue from software maintenance services was HKD 14,373,000, a decline of 9.3% compared to HKD 15,853,000 in the prior year[45]. - The information platform revenue increased by approximately HKD 0.6 million or 22.2% to about HKD 3.3 million for the nine months ended September 30, 2022, from approximately HKD 2.7 million for the same period in 2021[18]. Assets and Equity - As of September 30, 2022, the company's current assets were approximately HKD 61.7 million, down from HKD 65.8 million as of December 31, 2021[11]. - As of September 30, 2022, the company reported a total equity of HKD 54,599,000, down from HKD 73,606,000 as of January 1, 2021, reflecting a decrease of approximately 26%[35]. - The company's total equity decreased by approximately 27% from HKD 73,606,000 to HKD 54,599,000 over the reported period[35]. - The company's debt ratio was approximately 2.8% as of September 30, 2022, compared to 3.1% as of December 31, 2021[14]. Shareholder Information - Major shareholders, including All Divine Investments Limited, hold 75% of the company's shares, equating to 1,500,000,000 shares out of a total of 2,000,000,000 shares issued as of September 30, 2022[24]. - As of September 30, 2022, the company had issued 2,000,000,000 shares, with All Divine holding 1,500,000,000 shares, representing 75% of the issued shares[28]. - The weighted average number of shares used for calculating basic and diluted loss per share remained constant at 2,000,000 shares for both the three and nine months ended September 30, 2022 and 2021[56]. Compliance and Governance - The company has complied with the corporate governance code as per GEM Listing Rules throughout the nine months ended September 30, 2022[30]. - The audit committee has reviewed the financial information for the nine months and confirmed compliance with applicable accounting standards and GEM Listing Rules[33]. - The company’s financial statements are prepared in accordance with the GEM Listing Rules, ensuring compliance with regulatory standards[40]. - The company has not reported any significant impact from the recent amendments to the Hong Kong Financial Reporting Standards on its financial statements[42]. Product Development - The new version of AhsayTM backup software, launched in January 2022, includes advanced features such as deduplication to save storage space and supports Microsoft 365 backup[21]. - The newly developed information platform includes KINBOY for horse racing information and KINTIPS for information sharing, with KINBOY offering cloud data analysis as a new feature[22]. - The company anticipates stable growth for the information platform segment in the future due to increased demand for digital solutions during the pandemic[22]. - The company operates primarily through online backup software solutions, indicating a focus on digital services[38]. Other Income and Expenses - Other income increased by approximately HKD 1.2 million or 600% to HKD 1.4 million for the nine months ended September 30, 2022, mainly due to government subsidies and increased bank interest income[5]. - Other income for the nine months ended September 30, 2022, was HKD 1,386,000, significantly higher than HKD 244,000 in the same period of 2021[46]. - The company received government subsidies amounting to HKD 1,000,000 under the "Employment Support Scheme" during the nine months ended September 30, 2022[46]. - Interest expenses for lease liabilities increased to HKD 275,000 for the nine months ended September 30, 2022, compared to HKD 121,000 in the previous year[49]. - No dividends were declared or proposed for the nine months ended September 30, 2022[55].

亞勢備份軟件開發有限公 司 （於開曼群島註冊成立的有限公司） 股份代號 : 8290 2022 中期報告 亞勢備份軟件開發有限公 司 ( Incorporated in the Cayman Islands with limited liability ) Stock Code : 8290 2022 INTERIM REPORT C M Y CM MY CY CMY K ai165967415353_Ahsay Backup Software IR2022Cover V02 op.pdf 1 5/8/2022 下午12:35 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 ...

Financial Performance - The company recorded revenue of approximately HKD 11.5 million for the three months ended March 31, 2022, a decrease of about 5.0% compared to HKD 12.1 million in the same period of 2021[4]. - Revenue for the three months ended March 31, 2022, was HKD 11,472,000, a decrease of 5.1% compared to HKD 12,085,000 for the same period in 2021[47]. - Revenue from online backup services decreased by approximately HKD 0.9 million or 8.0% to about HKD 10.3 million for the three months ended March 31, 2022, due to prolonged recovery from the COVID-19 pandemic and intense market competition[19]. - Revenue from the information platform increased by approximately HKD 0.3 million or 33.3% to about HKD 1.2 million for the three months ended March 31, 2022[19]. - The company reported a loss attributable to equity holders of the parent company for the three months ended March 31, 2022, was approximately HKD 1.1 million, a significant reduction of about 75.6% from a loss of approximately HKD 4.5 million in the same period of 2021[19]. - The company reported a loss attributable to ordinary shareholders of HKD 1,051,000 for the three months ended March 31, 2022, compared to a loss of HKD 4,501,000 for the same period in 2021, indicating a significant improvement in performance[59]. - Total comprehensive loss for the period was HKD (1,237,000), compared to HKD (4,688,000) in the same quarter of the previous year, reflecting a significant reduction in losses[36]. Cost Management - Employee costs and related expenses decreased by approximately HKD 3.6 million or 28.6% to about HKD 9.0 million for the three months ended March 31, 2022, primarily due to cost control measures including team restructuring[7]. - The cost of goods sold was HKD (62,000), down from HKD (143,000) year-over-year, indicating improved cost management[36]. - Employee costs totaled HKD 9,030,000, down 28.5% from HKD 12,578,000 in the same period last year[52]. - Research and development costs included in employee costs were HKD 3,860,000, a decrease from HKD 5,407,000 in the previous year[52]. Assets and Liabilities - Total assets as of March 31, 2022, were approximately HKD 62.5 million, down from HKD 65.8 million as of December 31, 2021[13]. - The company's debt ratio as of March 31, 2022, was approximately 3.2%, slightly up from 3.1% as of December 31, 2021[16]. - The company did not have any significant capital commitments or contingent liabilities as of March 31, 2022[17]. - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the three months ended March 31, 2022[18]. Shareholder Information - As of March 31, 2022, the company has issued 2,000,000,000 shares, with All Divine Investments Limited holding 1,500,000,000 shares, representing 75% of the total issued shares[23]. - Major shareholders, including directors and their spouses, collectively hold 75% of the company's shares, indicating strong insider ownership[25]. - The weighted average number of ordinary shares used to calculate basic and diluted loss per share remained constant at 2,000,000 shares for both periods[59]. - The company has not issued any share options under the share option scheme since its adoption in September 2015[32]. - The company did not declare or propose any dividends to ordinary shareholders during the two periods[58]. Taxation - The effective tax rate for the company's subsidiaries in China was 25%, but no tax provision was made due to the absence of taxable profits[56]. - The company incurred current tax expenses of HKD 58,000 for Hong Kong profits tax for the three months ended March 31, 2022, compared to HKD 31,000 for the same period in 2021[55]. - Deferred tax expenses resulted in a credit of HKD 56,000 for the three months ended March 31, 2022, compared to a credit of HKD 36,000 for the same period in 2021[55]. - The company has no subsidiaries in the Cayman Islands and the British Virgin Islands that are subject to income tax[55]. - The company’s subsidiaries in other jurisdictions are subject to tax rates applicable in those jurisdictions[57]. Business Operations - The company launched the AhsayTM backup software version 9 in January 2022, featuring advanced solutions for on-premise and cloud backup, including deduplication to save storage space[20]. - The new version supports Microsoft 365 backup, enhancing user experience and management capabilities through a web-based centralized management controller[20]. - The information platform, KINBOY, has seen significant revenue contributions, particularly during the fifth wave of COVID-19 in Hong Kong, as users increasingly turned to digital solutions[21]. - The company continues to focus on providing online backup software solutions through its subsidiaries[40]. - The company continues to focus on its core segments of online backup software and information platform services for future growth[46]. Compliance and Governance - The audit committee reviewed the financial information for the three months ended March 31, 2022, ensuring compliance with applicable accounting standards and GEM listing rules[35]. - The company has not reported any conflicts of interest or competitive business interests among its directors and major shareholders as of March 31, 2022[29]. - The company did not experience any significant impact from the revised Hong Kong Financial Reporting Standards adopted during the period[44]. - There were no purchases, redemptions, or sales of the company's listed securities during the reporting period[34]. - The financial statements are presented in the functional currency of Hong Kong dollars (HKD)[41].

Financial Performance - The company recorded revenue of approximately HKD 47.9 million for the year ended December 31, 2021, a decrease of about 12.6% compared to HKD 54.8 million in 2020[7]. - The loss attributable to the owners of the parent company for the year ended December 31, 2021, was approximately HKD 15.7 million, compared to a loss of HKD 3.7 million in the previous year[7]. - Total revenue decreased by approximately HKD 6.9 million or 12.6% to about HKD 47.9 million for the year ended December 31, 2021, compared to approximately HKD 54.8 million for the year ended December 31, 2020[13]. - Other income decreased significantly by approximately 93.0% from about HKD 4.3 million in the previous year to about HKD 0.3 million for the year ended December 31, 2021, mainly due to the termination of government subsidies and a decline in bank interest income[31]. - The group maintained a net cash position as of December 31, 2021, with current assets of approximately HKD 65.8 million, down from HKD 79.9 million in the previous year[37]. - The group's debt ratio as of December 31, 2021, was approximately 3.1%, compared to 2.5% in the previous year[40]. - The group recorded a loss attributable to equity holders of approximately HKD 15.7 million for the year ended December 31, 2021, compared to a loss of approximately HKD 3.7 million in the previous year[27]. Revenue Breakdown - The group's online backup software and related services revenue decreased by approximately HKD 8.9 million or 16.8% to about HKD 44.2 million for the year ended December 31, 2021, compared to approximately HKD 53.1 million for the year ended December 31, 2020[13]. - Revenue from the group's information platform increased by approximately HKD 2.0 million or 117.6% to about HKD 3.7 million for the year ended December 31, 2021, compared to approximately HKD 1.7 million for the year ended December 31, 2020[13]. Market Challenges - The decline in revenue was primarily due to the adverse effects of the COVID-19 pandemic, particularly in Europe, and increased competition in the global market[8]. - The company anticipates that the global business environment will remain challenging in 2022 due to the emergence of more transmissible COVID-19 variants[9]. - The company aims to strengthen operational cost control to mitigate the impact of the pandemic on its performance[9]. Strategic Initiatives - The company adjusted its pricing strategy to attract potential customers in response to intense competition from open-source backup solutions[8]. - The company plans to continuously review the effectiveness of its strategies in response to the ongoing uncertainties caused by the pandemic[9]. - The company continues to invest in SaaS products and related services to enhance customer experience and increase market share in the backup software sector[25]. Product Development - The AhsayTM backup software version 9 was launched in January 2022, with further upgrades to the software's features planned[9]. - Ahsay launched a new cloud backup subscription solution named CloudBacko Go in the second half of 2021, targeting individuals, SOHOs, and businesses[25]. - The ninth version of Ahsay backup software was launched in January 2022, introducing new features to improve user experience[25]. Employee and Operational Insights - As of December 31, 2021, the group had 99 employees, a decrease from 125 in 2020, primarily due to improved labor efficiency[45]. - Employee costs and related expenses decreased by approximately 4.1% from about HKD 46.5 million in the previous year to about HKD 44.6 million for the year ended December 31, 2021[32]. - The group did not experience any operational disruptions due to strikes or major labor disputes during the year[46]. Corporate Governance - The board consists of three executive directors, one non-executive director, and three independent non-executive directors as of December 31, 2021[128]. - The company has adopted a set of corporate governance principles based on high-quality board leadership and effective internal controls[127]. - The board confirmed its responsibility for the effectiveness of the risk management and internal control systems, which are designed to manage rather than eliminate risks[162]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes the importance of strong environmental, social, and governance (ESG) performance for sustainable development[182]. - The company conducted a materiality assessment to identify key ESG issues, focusing on social aspects such as employment, labor standards, and community investment[187]. - The company achieved a reduction of at least 2% in indirect emissions per unit floor area compared to the previous year, despite relocating to a larger office[194]. Shareholder Relations - The board of directors did not recommend the distribution of any dividends for the year ended December 31, 2021, considering various financial and operational factors[77]. - The company has adopted a general dividend policy aimed at providing shareholders with a share of the group's profits, subject to various considerations[76]. - The company has established communication channels with shareholders and investors, ensuring timely and accurate information disclosure[168].

Financial Performance - The company recorded revenue of approximately HKD 36.1 million for the nine months ended September 30, 2021, a decrease of about 12.4% compared to HKD 41.2 million in the same period of 2020[5]. - The loss attributable to equity holders for the nine months ended September 30, 2021, was approximately HKD 12.6 million, compared to a loss of about HKD 4.1 million in the same period of 2020[5]. - The company reported a total loss of approximately HKD 12.9 million for the nine months ended September 30, 2021, compared to a loss of about HKD 4.5 million in the same period of 2020[13]. - The total comprehensive loss for the nine months was HKD 13,475,000, compared to HKD 4,023,000 in the previous year, indicating an increase of 235.5%[39]. - Basic and diluted loss per share for the nine months was HKD 0.63, compared to HKD 0.20 in the same period last year, reflecting a 215% increase in loss per share[39]. - The company reported a total loss before tax of HKD 12,719,000 for the nine months ended September 30, 2021, compared to a loss of HKD 4,427,000 in the same period of 2020[53]. - For the nine months ended September 30, 2021, the loss attributable to ordinary shareholders was HKD 12,556,000, up from HKD 4,064,000 in 2020, indicating an increase in loss of approximately 209%[64]. Revenue Breakdown - Online backup business revenue decreased by approximately HKD 6.6 million or 16.5% to about HKD 33.5 million for the nine months ended September 30, 2021, compared to approximately HKD 40.1 million for the same period in 2020[21]. - Information platform revenue increased by approximately HKD 1.6 million or 145% to about HKD 2.7 million for the nine months ended September 30, 2021, compared to approximately HKD 1.1 million for the same period in 2020[21]. - Revenue from software licensing decreased to HKD 3,063,000, down 47.8% from HKD 5,853,000 year-over-year[53]. - Revenue from software maintenance services was HKD 15,853,000, a slight decrease of 4.4% compared to HKD 16,626,000 in the previous year[53]. - Total revenue for the nine months ended September 30, 2021, was HKD 36,144,000, a decrease of 12.8% compared to HKD 41,159,000 for the same period in 2020[53]. Expenses and Costs - Employee costs increased by approximately HKD 0.7 million or 2.0% to about HKD 36.5 million for the nine months ended September 30, 2021, mainly due to the expansion of the development team[8]. - The cost of goods sold for the nine months was HKD 402,000, which increased significantly from HKD 194,000 in the previous year, reflecting a 107.2% increase[39]. - Employee costs and related expenses totaled HKD 36,538,000 for the nine months, slightly up from HKD 35,822,000 in the previous year, an increase of 2.0%[39]. - Research and development costs included in employee costs were HKD 15,372,000, up 14.8% from HKD 13,391,000 in the previous year[56]. - Other expenses decreased by approximately HKD 0.6 million or 4.9% to about HKD 11.7 million for the nine months ended September 30, 2021, due to the amortization of intangible assets related to the AhsayTM backup software[11]. Assets and Equity - As of September 30, 2021, the company's current assets were approximately HKD 64.0 million, down from HKD 79.9 million as of December 31, 2020[14]. - For the nine months ended September 30, 2021, the company reported a total equity of HKD 60,408,000, a decrease from HKD 73,124,000 at the beginning of the period, reflecting a loss of HKD 12,556,000 during the period[41]. - The company’s total equity as of January 1, 2021, was HKD 73,606,000, which decreased to HKD 60,408,000 by September 30, 2021[41]. - As of September 30, 2021, the accumulated losses increased to HKD 35,460,000 from HKD 23,304,000 at the beginning of the period[41]. Shareholder Information - As of September 30, 2021, the company had issued 2,000,000,000 shares, with All Divine Investments Limited holding 1,500,000,000 shares, representing 75% of the total issued shares[28]. - Major shareholders, including All Divine, hold 75% of the company's shares, indicating concentrated ownership[29]. - The weighted average number of shares used for calculating basic and diluted loss per share remained constant at 2,000,000 shares for both 2021 and 2020[64]. - The company did not issue any potentially dilutive ordinary shares during the nine months ended September 30, 2021[64]. Compliance and Governance - The company has complied with the corporate governance code as per GEM Listing Rules throughout the nine months ended September 30, 2021[35]. - The audit committee has reviewed the financial statements for the nine months and confirmed compliance with applicable accounting standards and GEM Listing Rules[38]. - The company’s financial statements are prepared in accordance with the GEM Listing Rules and do not include all information required for annual financial statements[46]. - The company has not identified any significant impact from the recent amendments to the Hong Kong Financial Reporting Standards on its financial statements[49]. Business Developments - The new Ahsay Mobile application was introduced in early 2021, providing mobile backup solutions for users to back up and restore photos and videos[23]. - A new cloud backup subscription solution named CloudBacko Go was launched, targeting individuals, SOHOs, and businesses, with a focus on SaaS model[24]. - The company is developing the next version of its backup software to meet future customer needs[23]. - The eighth version of the backup software includes advanced features such as centralized management and support for Microsoft SharePoint Online backup[22]. - The company operates primarily in the online backup software solutions sector, providing software licenses, upgrades, and maintenance services[44].

Financial Performance - The company recorded revenue of approximately HKD 24.4 million for the six months ended June 30, 2021, a decrease of about 12.5% compared to HKD 27.9 million in the same period of 2020[5]. - The loss attributable to owners of the parent for the six months ended June 30, 2021, was approximately HKD 8.1 million, compared to a loss of about HKD 2.4 million in the same period of 2020[5]. - Total revenue decreased by approximately HKD 3.5 million or 12.5% to about HKD 24.4 million for the six months ended June 30, 2021, compared to approximately HKD 27.9 million for the same period in 2020[22]. - The company reported a loss before tax of HKD 8,247,000 for the six months ended June 30, 2021, compared to a loss of HKD 2,631,000 for the same period in 2020, representing an increase in loss of 213.5%[54]. - The company reported a total comprehensive loss of HKD 8,539,000 for the six months ended June 30, 2021, compared to HKD 2,614,000 for the same period in 2020, an increase of 226.5%[54]. - The company reported a net loss of HKD 8,149,000 for the six months ended June 30, 2021, compared to a net loss of HKD 2,631,000 for the same period in 2020, representing an increase in loss of approximately 209%[59]. - The company’s total comprehensive loss for the six months ended June 30, 2021, was HKD 8,338,000, compared to a total comprehensive loss of HKD 2,288,000 in the same period of 2020, indicating a deterioration of approximately 264%[57]. Revenue Breakdown - Online backup software and related services revenue decreased by approximately HKD 4.7 million or 17.2% to about HKD 22.6 million for the six months ended June 30, 2021, compared to approximately HKD 27.3 million for the same period in 2020[22]. - Information platform revenue increased by approximately HKD 1.2 million or 200% to about HKD 1.8 million for the six months ended June 30, 2021, compared to approximately HKD 0.6 million for the same period in 2020[22]. - Revenue from online backup software and related services was HKD 22,587,000, with software upgrade and maintenance services contributing HKD 10,619,000[72]. - The company recognized revenue of HKD 21,805,000 over time, which accounted for 89.2% of total revenue for the six months ended June 30, 2021[72]. - The company experienced a decrease in software license sales, generating HKD 2,188,000 compared to HKD 4,328,000 in the previous year, representing a decline of 49.6%[72]. Expenses and Costs - Employee costs increased by approximately HKD 1.1 million or 4.7% to about HKD 24.3 million for the six months ended June 30, 2021, mainly due to the expansion of the development team[9]. - The total cost for directors and employees for the six months ended June 30, 2021, was approximately HKD 24.2 million, an increase of about HKD 1.0 million compared to the same period in 2020[39]. - Employee costs for the six months ended June 30, 2021, totaled HKD 24,342,000, an increase of 5.1% from HKD 23,150,000 in 2020[54]. - Research and development costs included in employee costs for the six months ended June 30, 2021, were HKD 10,144,000, up 23.9% from HKD 8,184,000 in 2020[76]. - Total advertising and marketing expenses for the six months ended June 30, 2021, were HKD 1,250,000, an increase of 5.9% from HKD 1,180,000 in the same period of 2020[77]. Assets and Liabilities - As of June 30, 2021, the company's current assets were approximately HKD 69.4 million, down from HKD 79.9 million as of December 31, 2020[14]. - Total assets decreased from HKD 79,922,000 as of December 31, 2020, to HKD 69,360,000 as of June 30, 2021, a decline of 13.3%[55]. - Total liabilities as of June 30, 2021, were HKD 23,410,000, down 11.5% from HKD 26,480,000 as of December 31, 2020[73]. - The company's total equity decreased to HKD 65,268,000 as of June 30, 2021, down from HKD 74,419,000 as of June 30, 2020, reflecting a decline of approximately 12.3%[57]. Shareholder Information - As of June 30, 2021, major shareholders hold approximately 75% of the company's issued shares, totaling 1,500,000,000 shares[29]. - As of June 30, 2021, 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[31]. Corporate Governance - The audit committee has reviewed the interim financial information for the six months ended June 30, 2021, ensuring compliance with applicable accounting standards and GEM listing rules[44]. - The company has maintained compliance with the corporate governance code as per GEM listing rules during the six months ended June 30, 2021[37]. - The company has confirmed that all directors have complied with the required standards of conduct regarding securities transactions during the reporting period[36]. - There are no known business interests or conflicts of interest among directors and controlling shareholders that compete with the company's business[35]. Future Plans and Developments - The company plans to continue investing in SaaS products and related services to enhance customer experience and increase market share in the backup software sector[26]. - The company is developing the next version of its backup software to meet future customer needs[26]. - The company plans to enhance its software upgrade and maintenance services to improve revenue streams in the future[72]. - The company is focusing on expanding its information sharing services and hardware sales as part of its growth strategy[72].

Financial Performance - The company recorded revenue of approximately HKD 12.1 million for the three months ended March 31, 2021, a decrease of about 17.1% compared to HKD 14.6 million for the same period in 2020[5]. - The loss attributable to the owners of the parent company for the three months ended March 31, 2021, was approximately HKD 4.5 million, compared to a loss of about HKD 0.9 million in the same period of 2020[5]. - Revenue from the online backup business decreased by approximately HKD 3.2 million or 22.2% to about HKD 11.2 million for the three months ended March 31, 2021, from approximately HKD 14.4 million in the same period of 2020[20]. - Other income decreased by approximately HKD 0.3 million or 75.0% to about HKD 0.1 million for the three months ended March 31, 2021, primarily due to a decline in bank interest income[7]. - The company reported a loss before tax of HKD 4,556,000, compared to a loss of HKD 917,000 in the same quarter of 2020, reflecting a substantial decline in performance[39]. - Total comprehensive loss for the period was HKD 4,688,000, compared to HKD 1,137,000 in the prior year, highlighting a worsening financial situation[39]. - Basic and diluted loss per share was HKD 0.23, compared to HKD 0.05 for the same period last year, indicating increased losses per share[39]. - The total loss attributable to the owners of the parent company was HKD 909,000, compared to HKD 586,000 in the previous year[50]. Revenue Breakdown - Revenue for the three months ended March 31, 2021, was HKD 12,085,000, a decrease of 17.1% compared to HKD 14,565,000 for the same period in 2020[54]. - The online backup software and related services segment generated revenue of HKD 11,195,000, while the information platform segment contributed HKD 890,000[54]. - Software upgrade and maintenance service revenue was HKD 5,291,000, a slight decrease from HKD 5,525,000 in the previous year[54]. - The company recognized revenue of HKD 10,871,000 over time, which accounted for 89.9% of total revenue for the period[54]. Expenses and Costs - Employee costs and related expenses increased by approximately HKD 1.2 million or 10.5% to about HKD 12.6 million for the three months ended March 31, 2021, compared to approximately HKD 11.4 million in the same period of 2020[8]. - The cost of goods sold was HKD 143,000, significantly up from HKD 6,000 in the previous year, indicating increased operational costs[39]. - Employee costs totaled 12,578,000 HKD for the three months ended March 31, 2021, an increase of 10.4% from 11,392,000 HKD in the same period of 2020[56]. - Research and development costs included in employee costs were 5,407,000 HKD, up 42.7% from 3,788,000 HKD in the same period of 2020[56]. - Other expenses for the three months ended March 31, 2021, were 3,859,000 HKD, a decrease of 10.4% from 4,308,000 HKD in the same period of 2020[58]. - Financing costs totaled 60,000 HKD for the three months ended March 31, 2021, down 33.3% from 90,000 HKD in the same period of 2020[59]. - Income tax expense for the three months ended March 31, 2021, was 67,000 HKD, a decrease of 47.2% from 128,000 HKD in the same period of 2020[60]. Shareholder Information - As of March 31, 2021, the company has issued 2,000,000,000 shares, with All Divine Investments Limited holding 1,500,000,000 shares, representing 75% of the total issued shares[26]. - Major shareholders include All Divine, Able Future, and individual shareholders, all holding 75% of the company's shares, indicating concentrated ownership[28]. - The board and key executives have significant equity interests in the company, with major shareholders being closely linked, indicating strong internal alignment[30]. - The company has not reported any new equity interests or holdings outside of those disclosed, maintaining transparency in its shareholder structure[29]. - The average number of ordinary shares used to calculate basic and diluted loss per share was 2,000,000 shares for both periods[64]. - The company did not issue any potentially dilutive ordinary shares during the periods ended March 31, 2021, and March 31, 2020[64]. Business Developments - The company maintained a net cash position as of March 31, 2021, with current assets of approximately HKD 73.7 million[13]. - The company did not have any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the three months ended March 31, 2021[19]. - The latest version of AhsayTM backup software, version 8, provides advanced on-premise and cloud backup solutions for enterprises and managed service providers, supporting various features including Microsoft SharePoint Online backup[21]. - Ahsay Mobile application has been introduced, allowing users to back up and restore photos and videos from mobile devices, enhancing user experience with added security features like two-factor authentication[22]. - The information platform, including KINBOY and KINTIPS, has shown significant revenue contribution growth compared to the same period last year, indicating a successful diversification into mobile applications[24]. - The company is developing the next version of its backup software to meet future customer needs, reflecting a commitment to innovation and responsiveness to market demands[22]. - The introduction of a new ordering business model for KINBOY has provided users with tiered access to racing information, enhancing user engagement and service offerings[24]. - The company aims to further diversify its business into the mobile application industry, leveraging its experience in information technology[24]. Compliance and Governance - The audit committee reviewed the financial results for the quarter ended March 31, 2021, ensuring compliance with applicable accounting standards and GEM listing rules[38]. - The company has adopted a code of conduct for securities trading by directors, confirming compliance with GEM listing rules[33]. - There were no stock options granted under the stock option plan since its adoption in September 2015[35]. - The company did not engage in any purchase, redemption, or sale of its listed securities during the reporting period[37]. - The company has not identified any significant impact from the revised Hong Kong Financial Reporting Standards on its financial statements[49].

Financial Performance - The company recorded revenue of approximately HKD 54.8 million for the year ended December 31, 2020, a decrease of about 7.3% from HKD 59.1 million in 2019[11]. - The company reported a loss attributable to equity holders of approximately HKD 3.7 million for 2020, compared to a profit of HKD 0.1 million in the previous year[11]. - Revenue from the company's online backup services decreased by approximately HKD 5.7 million or 9.7%, from about HKD 58.8 million in 2019 to approximately HKD 53.1 million in 2020[18]. - The group's revenue for the year ended December 31, 2020, was approximately HKD 54.8 million, a decrease of about 7.3% compared to HKD 59.1 million in 2019[34]. - The group recorded a loss attributable to equity holders of approximately HKD 3.7 million for the year ended December 31, 2020, compared to a profit of HKD 0.1 million in the previous year[34]. - Other income increased from approximately HKD 1.7 million in 2019 to approximately HKD 4.3 million in 2020, representing a growth of about 152.9%[39]. Operational Changes - The company expanded its office in the Philippines, which increased employee costs due to a focus on optimizing existing products[11]. - The company implemented cost control measures to mitigate the impact of the COVID-19 pandemic on its performance[14]. - The company has completed the purchase of an additional office unit in the Philippines to accommodate future operations[28]. - The company has implemented special work arrangements during the COVID-19 pandemic to ensure employee health and maintain operations[28]. - Employee costs and related expenses rose from approximately HKD 43.0 million in 2019 to approximately HKD 46.5 million in 2020, an increase of about 8.1%[40]. - The number of employees increased to 125 as of December 31, 2020, up from 105 in 2019, primarily due to resource allocation to the Philippines office[59]. Product Development and Market Strategy - The newly developed information platform generated order revenue of approximately HKD 1.3 million in 2020, an increase of about HKD 1.2 million from HKD 0.1 million in 2019[18]. - The company aims to enhance its backup software development and service standards to improve competitiveness[14]. - The company is actively developing the next version of its backup software to meet future customer needs[32]. - The company is optimistic about long-term growth in the backup software business, supported by a strong global customer base[32]. - The company has engaged auditors to perform procedures on the continuous related party transactions in accordance with relevant auditing standards[128]. Customer and Market Insights - Ahsay OBM and Ahsay ACB accounted for approximately 74.4% of the group's software licensing sales and rental revenue for the year ended December 31, 2020[19]. - Ahsay OBM sales volume increased by approximately 42.5% from 14,072 units in 2019 to 20,046 units in 2020, with the average unit price decreasing from approximately HKD 304.2 to HKD 217.6[24]. - Ahsay ACB sales volume increased by approximately 8.7% from 3,730 units in 2019 to 4,056 units in 2020, with the average unit price decreasing from approximately HKD 147.4 to HKD 93.9[24]. - The company has a global and diverse customer base, with ongoing efforts to enhance communication and customer service[146]. Governance and Compliance - The board consists of four executive directors and three independent non-executive directors as of December 31, 2020[152]. - The company has adopted a set of securities trading conduct rules for directors, ensuring compliance with GEM listing rules[156]. - The board confirms compliance with the corporate governance code as per GEM Listing Rules Appendix 15[139]. - The company has established a governance framework based on principles of transparency and accountability to shareholders[151]. - The company has not faced any significant operational disruptions due to strikes or labor disputes during the year[60]. Future Outlook and Strategic Plans - The company expressed cautious optimism regarding future business opportunities and expansion[14]. - The company provided guidance for the next quarter, expecting revenue to be in the range of $BB million to $CC million, indicating a projected growth of DD%[72]. - New product launches are anticipated to contribute an additional $EE million in revenue, with a focus on innovative technology solutions[72]. - Strategic acquisitions are being considered to enhance the company's product offerings and market share, with potential targets identified[72]. - Research and development efforts are being intensified, with an investment of $GG million planned for the upcoming fiscal year[72]. Shareholder Information - The board does not recommend the distribution of any dividends for the year ended December 31, 2020, considering various financial performance factors and future expansion plans[95]. - The company has adopted a general dividend policy aimed at providing shareholders with a share of the group's profits for any financial year[94]. - The company has maintained a public float of no less than 25% of its total issued share capital as of the report date[141]. - The company has no significant transactions, arrangements, or contracts in which its directors have a substantial interest, aside from those disclosed in the financial statements[109]. Risk Management - The board confirmed its responsibility for the effectiveness of the risk management and internal control systems, which are designed to manage rather than eliminate risks[197]. - The Risk Management Committee held two meetings during the year ended December 31, 2020, to review the company's risk management policies and standards[185]. - The audit committee conducted four meetings to review quarterly, interim, and annual consolidated financial statements, ensuring compliance with applicable accounting standards and GEM listing rules[182].

（於開曼群島註冊成立的有限公司） 股份代號 : 8290 亞勢備份軟件開發有限公 司 2020 第三季度報告 亞勢備份軟件開發有限公 司 ( Incorporated in the Cayman Islands with limited liability ) Stock Code : 8290 2020 Third Quarterly Report C M Y CM MY CY CMY K ai160464774923_Ahsay Backup Software 3Q2020 Cover output.pdf 1 6/11/2020 下午3:29 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報告的內容概不負責，對其準確性或完整 ...

Financial Performance - The company recorded revenue of approximately HKD 28.5 million for the six months ended June 30, 2020, a decrease of about 2.4% compared to HKD 29.2 million in the same period of 2019[6]. - The loss attributable to owners for the six months ended June 30, 2020, was approximately HKD 1.8 million, compared to a loss of about HKD 0.7 million in the same period of 2019[6]. - Total revenue decreased by approximately HKD 0.7 million or 2.4% to about HKD 28.5 million for the six months ended June 30, 2020, compared to approximately HKD 29.2 million for the same period in 2019[27]. - Revenue for the three months ended June 30, 2020, was HKD 13,623,000, a decrease of 6.0% compared to HKD 14,495,000 for the same period in 2019[58]. - Revenue for the six months ended June 30, 2020, was HKD 28,511,000, down 2.5% from HKD 29,236,000 in the prior year[58]. - The net loss for the six months ended June 30, 2020, was HKD 2,147,000, which is an increase of 147.0% from a loss of HKD 866,000 in the previous year[58]. - The company reported a pre-tax loss of HKD 1,440,000 for the three months ended June 30, 2020, compared to a loss of HKD 176,000 in the same period last year[58]. - For the six months ended June 30, 2020, the company reported a pre-tax loss of HKD 2,034,000, compared to a loss of HKD 508,000 for the same period in 2019, representing a significant increase in losses[67]. - The company experienced a net cash outflow from operating activities of HKD 2,045,000, compared to HKD 365,000 in the previous year, marking a substantial increase in cash used[67]. Employee Costs and Workforce - Employee costs rose by approximately 5.9% to about HKD 23.2 million for the six months ended June 30, 2020, compared to HKD 21.9 million in the same period of 2019[11]. - The total employee cost before capitalizing development costs was approximately HKD 23.2 million, an increase of about HKD 0.9 million or 4.0% compared to approximately HKD 22.3 million for the six months ended June 30, 2019[44]. - The group had 107 employees as of June 30, 2020, compared to 103 employees as of June 30, 2019, indicating a workforce increase primarily due to the redistribution of human resources to the Philippines representative office[44]. - Research and development costs included in employee costs for the six months ended June 30, 2020, were HKD 8,184,000, compared to HKD 5,988,000 in 2019, indicating a significant increase of 36.67%[87]. - The total short-term benefits for key management personnel increased to HKD 8,001,000 in 2020 from HKD 7,110,000 in 2019, reflecting a growth of approximately 12.5%[118]. Assets and Liabilities - The company maintained a net cash position as of June 30, 2020, with current assets of approximately HKD 80.0 million, down from HKD 91.2 million as of December 31, 2019[17]. - Non-current assets increased to HKD 21,591,000 as of June 30, 2020, compared to HKD 15,980,000 at the end of 2019[59]. - The company's total liabilities decreased to HKD 23,874,000 as of June 30, 2020, from HKD 26,188,000 at the end of 2019[61]. - The net asset value as of June 30, 2020, was HKD 74,702,000, a decrease from HKD 76,719,000 at the end of 2019[61]. - Total liabilities as of June 30, 2020, were HKD 26,925,000, down from HKD 30,507,000 as of December 31, 2019[83]. Government Support and Other Income - Other income increased by approximately 62.5% to about HKD 1.3 million for the six months ended June 30, 2020, primarily due to government subsidies received under the "Employment Support Scheme"[8]. - The company received government subsidies of approximately HKD 1,614,000 under the "Employment Support Scheme," with HKD 538,000 recognized as income[85]. - The company reported a total of HKD 1,280,000 in other income for the six months ended June 30, 2020, compared to HKD 805,000 in the same period of 2019, marking an increase of 58.77%[86]. Business Operations and Strategy - The core backup business remains stable despite a slight revenue decrease of about HKD 1.3 million or 4.4% due to the ongoing COVID-19 pandemic[26]. - The company remains optimistic about long-term growth in the backup software business, leveraging its strong online backup software foundation and global customer base[29]. - The company has purchased two additional office units in the Philippines to accommodate more employees and has begun renovations[27]. - The newly launched online information platforms, KINTIPS and KINBOY, primarily serve mobile applications, although their revenue contribution was not significant during the period[30]. - The company is closely monitoring the developments of the COVID-19 pandemic and its impact on financial performance and operations[29]. Corporate Governance - The company has adopted a set of conduct codes for directors' securities trading, which are not less stringent than the GEM Listing Rules[41]. - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 throughout the six months ended June 30, 2020[42]. - The audit committee has reviewed the interim financial information for the six months ended June 30, 2020, ensuring compliance with applicable accounting standards and GEM Listing Rules[49]. - The company has confirmed compliance with the trading standards and conduct codes for directors throughout the reporting period[41]. Acquisitions and Investments - The group acquired a 52.17% stake in Ahsay Korea Co., Ltd. as of June 30, 2020, after investing a total of approximately HKD 2,022,000 in additional ordinary shares[109]. - The company aims to expand its core backup business in Korea through the acquisition of Asia Korea*, which was previously a distributor of the company's backup software in the region[112]. - The acquisition of Asia Korea* is part of the company's strategy to enhance its online distribution network for core backup services in Korea[114]. - The cash consideration paid for the acquisition was HKD 670,000, while the cash and bank balances acquired amounted to HKD 684,000, resulting in a net cash inflow of HKD 14,000[116].