Financial Performance - The company recorded revenue of approximately HKD 14.9 million for the three months ended March 31, 2020, representing an increase of about 1.4% compared to HKD 14.7 million for the same period in 2019[5]. - Revenue for the three months ended March 31, 2020, was HKD 14,888,000, a slight increase of 1.0% compared to HKD 14,741,000 for the same period in 2019[40]. - Total revenue for the three months ended March 31, 2020, was HKD 14,888,000, a slight increase from HKD 14,741,000 for the same period in 2019, representing a year-over-year growth of 1%[52][54]. - The online backup software and related services segment generated external sales of HKD 14,681,000, while the information platform segment contributed HKD 207,000, leading to a total segment profit of HKD 97,000, compared to a loss of HKD 908,000 in the previous year[52]. - The company reported a loss before tax of HKD 594,000, compared to a loss of HKD 332,000 in the previous year, reflecting a deterioration in performance[40]. - The net loss for the period was HKD 722,000, which includes a loss attributable to equity holders of the parent of HKD 586,000, compared to HKD 464,000 in the prior year[40]. - The total comprehensive loss for the period was HKD 814,000, compared to HKD 383,000 in the same period last year, indicating increased overall expenses[40]. - Basic and diluted loss per share for the period was HKD 0.03, compared to HKD 0.02 in the previous year[40]. - The company reported a pre-tax loss of HKD 594,000 for the three months ended March 31, 2020, compared to a pre-tax loss of HKD 332,000 for the same period in 2019[52][54]. Expenses and Costs - Employee costs rose to approximately HKD 11.4 million for the three months ended March 31, 2020, an increase of about 3.6% from approximately HKD 11.0 million for the same period in 2019[8]. - Employee costs totaled HKD 11,392,000 for the three months ended March 31, 2020, an increase from HKD 10,984,000 in the same period of 2019, with R&D costs included in employee expenses amounting to HKD 3,788,000[56]. - The cost of goods sold for the same period was HKD 6,000, down from HKD 18,000, indicating improved cost management[40]. - The company incurred financing costs of HKD 90,000 for the three months ended March 31, 2020, down from HKD 112,000 in the same period of 2019[59]. - The company reported a decrease in advertising and marketing expenses to HKD 600,000 for the three months ended March 31, 2020, compared to HKD 756,000 in the same period of 2019[57]. Income and Other Revenue - Other income increased by approximately HKD 26,000 to about HKD 388,000 for the three months ended March 31, 2020, reflecting a growth of about 7.2% due to increased bank interest income[7]. - Other income for the three months ended March 31, 2020, was HKD 388,000, up from HKD 362,000 in the same period of 2019, primarily driven by increased bank interest income[55]. Shareholder Information - As of March 31, 2020, 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[27]. - Major shareholders, including All Divine and its controlling entities, collectively hold 75% of the company's shares as of March 31, 2020[29]. - The average number of ordinary shares used to calculate basic and diluted loss per share remained constant at 2,000,000 shares for both periods[63]. - The company did not declare or propose any dividends to ordinary shareholders during the two periods[62]. 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[60]. - The current tax expense for Hong Kong profits tax was HKD 69,000 for the three months ended March 31, 2020, down from HKD 146,000 in 2019[60]. - Deferred tax expense was HKD 59,000 for the three months ended March 31, 2020, compared to a deferred tax benefit of HKD (14,000) in 2019[60]. - Total tax expense for the three months ended March 31, 2020, was HKD 128,000, slightly down from HKD 132,000 in 2019[60]. - The company has no subsidiaries in jurisdictions that require income tax payments under the laws of the Cayman Islands and the British Virgin Islands[60]. Business Operations and Strategy - The company did not experience immediate and significant impacts on its backup business despite uncertainties caused by the COVID-19 outbreak[21]. - The company remains optimistic about long-term growth in its backup software business, leveraging a strong foundation and a global customer base despite uncertainties from the COVID-19 pandemic[24]. - The company continues to focus on providing online backup software solutions through its subsidiaries[44]. - The company launched the eighth version of its core backup software in 2019, enhancing Office 365 backup features and introducing new functionalities like Microsoft SharePoint Online backup[24]. - The company has completed the purchase of two additional office units in the Philippines to accommodate more employees for future operations[22]. - KINTIPS LIMITED, a wholly-owned subsidiary, developed two online information platforms, KINTIPS and KINBOY, primarily for mobile applications[25]. - The KINTIPS platform serves as a trading platform for horse racing and football tips, with no significant impact on revenue despite cancellations of international football events due to COVID-19[25]. - There were no significant acquisitions or disposals during the three months ended March 31, 2020[20]. - The company has not engaged in any purchase, redemption, or sale of its listed securities during the reporting period[37]. - The company has not granted any share options under the share option scheme since its adoption in September 2015[35]. Compliance and Governance - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM listing rules[33]. - The audit committee has reviewed the financial information for the first quarter and confirmed compliance with applicable accounting standards and GEM listing rules[38]. - The company maintained consistent accounting policies in preparing the financial statements, ensuring comparability with the previous year's results[48]. - The company did not issue any potentially dilutive ordinary shares during the three months ended March 31, 2020, and 2019[63]. - The company's reserves changes are detailed in the consolidated statement of changes in equity on page 11 of the report[64].

Financial Performance - Total revenue for the year ended December 31, 2019, was approximately HKD 59.1 million, a decrease of about 6.2% compared to HKD 63.0 million for the year ended December 31, 2018[11]. - Profit attributable to owners for the year was approximately HKD 0.1 million, significantly down from HKD 7.9 million in the previous year[11]. - The decline in profit was primarily due to the cessation of leasing the old version of Ahsay™ backup software, reduced bulk purchases by customers, increased employee costs from the expansion in the Philippines, and higher operating expenses[11]. - The company's revenue decreased from approximately HKD 63.0 million in 2018 to about HKD 59.1 million in 2019, a decline of approximately 6.2%[23]. - The decrease in revenue was primarily due to the cessation of leasing the old version of Ahsay™ backup software, leading to a reduction in rental income by approximately HKD 1.8 million and a decrease in software license sales by approximately HKD 1.9 million[43]. - The group recorded a loss of approximately HKD 0.5 million for the year ended December 31, 2019, compared to a profit of about HKD 7.9 million in the same period of 2018[50]. - Other income increased by approximately 41.7% to about HKD 1.7 million for the year ended December 31, 2019, primarily due to increased bank interest income[45]. Business Development and Strategy - The company launched the new version of Ahsay™ backup software (version 8) in January 2019, following the discontinuation of version 6 at the end of 2018[12]. - The company acquired a 52.17% stake in Ahsay Korea in April 2019 to expand its business in the emerging Asian markets[12]. - A new subscription business model, KINBOY, was launched in October 2019, aimed at providing an integrated information platform for horse racing[15]. - The company plans to continue exploring suitable market opportunities to maximize returns for shareholders and investors[14]. - The company plans to enhance its product features and distribution channels to adapt to market changes[32]. - The company is actively seeking various development opportunities through the acquisition of Ahsay Korea, which is seen as a good opportunity to expand its revenue base and market share in the backup software industry[37]. - The company is focused on expanding its business opportunities and enhancing its operational strategies[74]. Employee and Operational Changes - Employee count in the Philippines increased from 15 at the end of December 2018 to 31 by the end of December 2019, supporting customer service and internal operations[14]. - Employee costs and related expenses increased from approximately HKD 39.5 million to about HKD 43.0 million, representing a growth of approximately 8.9%[46]. - The group did not encounter any operational disruptions due to strikes or major labor disputes during the year[67]. - The group provides various training programs to enhance employees' professional skills and knowledge related to their responsibilities[67]. - The company has not faced significant difficulties in recruiting and retaining qualified employees[67]. Corporate Governance and Management - The board consists of four executive directors and three independent non-executive directors as of December 31, 2019[156]. - The board has the discretion to select participants for the stock option plan based on appropriate conditions[123]. - The company has appointed independent directors to ensure unbiased opinions and strategic guidance, which is crucial for corporate governance[82][86]. - The company emphasizes high-quality board leadership and effective internal controls to maximize shareholder value[159]. - The company is committed to maintaining high standards of corporate governance to protect shareholder interests[158]. - 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[193]. Financial Commitments and Shareholder Information - The company reported a total distributable reserve of HKD 59,879,000 as of December 31, 2019, compared to HKD 58,920,000 in the previous fiscal year[108]. - The board does not recommend any dividend distribution for the year ending December 31, 2019[102]. - The company has adopted a general dividend policy aimed at providing shareholders with a share of the group's profits, considering various financial performance factors[99]. - The company has maintained a public float of at least 25% of its total issued share capital as of the report date[146]. - The company has confirmed that the ongoing related party transactions comply with the GEM Listing Rules and have been approved by the board[135]. Audit and Compliance - Deloitte resigned as the auditor, and Ernst & Young was appointed to fill the vacancy[153]. - For the year ended December 31, 2019, the audit fees paid to Ernst & Young amounted to HKD 800,000, while non-audit services provided by Deloitte totaled HKD 220,000[190]. - The Audit Committee held four meetings during the year ended December 31, 2019, to review quarterly, interim, and annual consolidated financial statements[181]. - The company has established appropriate liability insurance for directors to protect against risks arising from corporate activities[170]. - The company is committed to maintaining high levels of transparency and timely disclosure of relevant information to shareholders[197].

Financial Performance - The group recorded revenue of approximately HKD 43.7 million for the nine months ended September 30, 2019, a decrease of about 5.6% compared to HKD 46.3 million for the same period in 2018[4]. - The group reported a loss attributable to owners of approximately HKD 0.7 million for the nine months ended September 30, 2019, compared to a profit of HKD 4.9 million for the same period in 2018[4]. - Revenue decreased from approximately 46.3 million HKD for the nine months ended September 30, 2018, to approximately 43.7 million HKD for the nine months ended September 30, 2019, representing a decline of about 5.6%[26]. - Revenue for the three months ended September 30, 2019, was HKD 14,475,000, a decrease of 6.8% compared to HKD 15,535,000 for the same period in 2018[49]. - Revenue for the nine months ended September 30, 2019, was HKD 43,711,000, down 5.4% from HKD 46,343,000 in the previous year[49]. - The company reported a loss before tax of HKD 340,000 for the nine months ended September 30, 2019, compared to a profit of HKD 6,332,000 in the same period of 2018[49]. - The total comprehensive loss for the nine months ended September 30, 2019, was HKD 1,110,000, down from a comprehensive income of HKD 4,877,000 in the previous year[49]. - The company reported a loss attributable to shareholders of HKD 727,000 for the nine months ended September 30, 2019, compared to a profit of HKD 4,888,000 for the same period in 2018, indicating a significant decline in performance[105]. Revenue Sources - Revenue from software licensing and rentals decreased by approximately HKD 1.2 million and HKD 1.3 million respectively due to the discontinuation of the sixth version of Ahsay™ software at the end of 2018 and fewer bulk purchases by customers[5]. - Software license sales contributed HKD 5,236,000, while software rental rights generated HKD 19,866,000, representing 12.0% and 45.5% of total revenue respectively[89]. - Other income increased by approximately 50.0% to about HKD 1.2 million for the nine months ended September 30, 2019, primarily due to increased bank interest income[6]. - Other income for the nine months ended September 30, 2019, was HKD 1,250,000, an increase of 57.5% from HKD 795,000 in the same period of 2018[94]. Expenses and Costs - Employee costs rose by approximately 8.0% to about HKD 32.6 million for the nine months ended September 30, 2019, mainly due to an increase in staff numbers in the Philippines and costs associated with a newly acquired subsidiary in Korea[7]. - Other expenses increased by approximately 17.1% to about HKD 12.3 million for the nine months ended September 30, 2019, driven by higher advertising, legal, and professional fees[8]. - Employee costs and related expenses totaled HKD 32,566,000 for the nine months ended September 30, 2019, up 7.8% from HKD 30,241,000 in 2018[95]. - Research and development costs included in employee costs were HKD 8,759,000 for the nine months ended September 30, 2019, compared to HKD 8,549,000 in the previous year[95]. Acquisitions and Investments - The company acquired a 50% stake in Ahsay Korea Co., Ltd. by investing a total of 250 million KRW (approximately 1,660,000 HKD) through two phases of capital injection[19]. - The company acquired a 28.57% stake in Ahsay Korea Co., Ltd for a total cash consideration of approximately HKD 1,660,000, which includes an initial investment of HKD 670,000 and a subsequent investment of HKD 990,000[108]. - Ahsay Korea contributed revenue of HKD 923,000 and incurred a loss of HKD 104,000 from the acquisition date to the reporting period end[119]. - The company entered into a purchase agreement with Solid Mills, INC. for approximately 50,999,000 Philippine Pesos (equivalent to about 7,754,000 HKD) to acquire office units and four parking spaces in Manila, Philippines[120]. Share Capital and Ownership - The issued share capital of the company was HKD 20.0 million, divided into 2,000,000,000 shares with a par value of HKD 0.01 each as of September 30, 2019[15]. - As of September 30, 2019, 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[34]. - Major shareholders include directors and their spouses, with significant holdings in All Divine Investments Limited, which is controlled by Able Future Investments Limited[35]. Financial Position and Ratios - The group maintained a net cash position as of September 30, 2019, with current assets of approximately HKD 89.9 million[12]. - The debt ratio was approximately 1.3% as of September 30, 2019, primarily due to borrowings from the newly acquired subsidiary[16]. - The company has not reported significant revenue contributions from the information-sharing platform as of September 30, 2019[33]. Strategic Initiatives - The company aims to expand its distribution channels to increase market share and revenue growth, particularly in the international market[28]. - The company has established a memorandum of understanding with Orangetech Co., Ltd. to enhance its market presence in South Korea through strategic partnerships[27]. - The company has made strategic changes to enhance its capabilities for future business development[27]. - The company continues to monitor market trends and customer demands to maintain a competitive edge in its product offerings[31]. Accounting Policies and Standards - The financial statements are prepared in accordance with the GEM Listing Rules and reflect the company's functional currency as Hong Kong dollars[53][54]. - The company has adopted new accounting policies that separate non-controlling interests from the group's interests in subsidiaries[56]. - The company’s accounting policies remain consistent with those used in the previous financial year, except for the new accounting standards adopted[55]. - The company has adopted the new and revised Hong Kong Financial Reporting Standards, which became effective for periods beginning on or after January 1, 2019, with no significant impact on the financial position and performance[62]. Lease Accounting - The application of HKFRS 16 has resulted in significant changes in accounting policies, replacing HKAS 17 and related interpretations[63]. - The company recognizes right-of-use assets at the commencement date, measured at cost, less any accumulated depreciation and impairment losses[67]. - Lease liabilities are recognized at the present value of unpaid lease payments at the lease commencement date[73]. - The company applies short-term lease exemptions for leases with a term of 12 months or less without purchase options, recognizing lease payments as expenses on a straight-line basis[66].

Financial Performance - The group recorded revenue of approximately HKD 29.2 million for the six months ended June 30, 2019, a decrease of about 5.2% compared to HKD 30.8 million for the same period in 2018[5]. - The group reported a loss attributable to owners of approximately HKD 0.7 million for the six months ended June 30, 2019, compared to a profit of HKD 2.6 million for the same period in 2018[5]. - The decrease in revenue was primarily due to the discontinuation of the old version of Ahsay™ backup software and a reduction in bulk purchases by customers[6]. - The group reported a loss before tax of HKD 508, compared to a profit of HKD 3.336 million for the same period in 2018[63]. - The total comprehensive loss for the six months ended June 30, 2019, was HKD 826, compared to a total comprehensive income of HKD 2.621 million for the same period in 2018[63]. - Basic loss per share for the six months ended June 30, 2019, was HKD (0.04), compared to earnings of HKD 0.13 for the same period in 2018[63]. - The company reported a net loss of HKD 866,000 for the six months ended June 30, 2019, compared to a profit of HKD 2,625,000 in the same period of 2018[71]. Revenue Sources - The revenue from online backup software and related services was HKD 29,145,000, while the information sharing services contributed HKD 91,000[115]. - The profit (loss) from the online backup software and related services segment was HKD 2,842,000, whereas the information sharing services segment reported a loss of HKD 4,149,000, resulting in a total segment loss of HKD 1,307,000[115]. - The company generated HKD 13,325,000 from leasing software licenses during the six months ended June 30, 2019, compared to HKD 14,074,000 in the same period of 2018, reflecting a decrease of approximately 5.3%[115]. Expenses and Costs - Employee costs rose by approximately 4.8% to HKD 21.9 million for the six months ended June 30, 2019, compared to HKD 20.9 million for the same period in 2018[8]. - Total employee costs for the six months ended June 30, 2019, amounted to HKD 21,864,000, an increase of 4.8% from HKD 20,866,000 in the same period of 2018[121]. - Total other expenses for the six months ended June 30, 2019, were HKD 8,448,000, an increase of 20.2% from HKD 7,025,000 in the same period of 2018[122]. - Advertising and marketing expenses for the six months ended June 30, 2019, were HKD 1,477,000, up 34.8% from HKD 1,096,000 in the same period of 2018[122]. - The company incurred depreciation expenses of HKD 1,741,000 for property, plant, and equipment, and right-of-use assets combined during the reporting period[71]. Cash and Assets - The group maintained a net cash position as of June 30, 2019, with current assets of approximately HKD 91.1 million[15]. - Cash and cash equivalents decreased to HKD 86,636,000 as of June 30, 2019, down from HKD 89,296,000 at the beginning of the year[71]. - Non-current assets increased to HKD 15,371,000 in June 2019 from HKD 7,142,000 in December 2018, primarily due to the addition of right-of-use assets and goodwill[65]. - The company’s total assets decreased to HKD 82,856,000 in June 2019 from HKD 78,205,000 in December 2018[65]. Investments and Acquisitions - Ahsay Systems Limited has agreed to invest 250 million KRW (approximately 1.7 million HKD) in Ahsay Korea Co., Ltd., acquiring a 50% stake after the investment is completed[22]. - The company holds a 28.57% stake in Ahsay Korea Co., Ltd after investing a total of approximately HKD 1,675,000 in two rounds of investment[142]. - The acquisition of Asys Korea was completed on April 29, 2019, allowing the company to expand its core backup business in South Korea[144]. - The total consideration for the acquisition was HKD 670,000, with identifiable net liabilities of HKD 293,000 recognized[147]. Corporate Governance - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM listing rules[46]. - The company has maintained high standards of corporate governance, adhering to all provisions of the GEM listing rules[47]. - The audit committee reviewed the interim financial information and confirmed compliance with applicable accounting standards and GEM listing rules[55]. Employee Management - The group had 103 employees as of June 30, 2019, an increase from 79 employees as of June 30, 2018, primarily due to the redistribution of human resources to the Philippines office[49]. - The company did not face any significant difficulties in recruiting and retaining qualified employees during the reporting period[53]. - The company provided various training programs to enhance employees' professional skills and knowledge related to their responsibilities[53]. Accounting Policies - The company adopted new accounting policies, including the application of the Hong Kong Financial Reporting Standards (HKFRS) effective from January 1, 2019, which did not have a significant impact on the financial position and performance for the period[84]. - The company recognized lease liabilities of HKD 8,496,000 and right-of-use assets of HKD 8,567,000 as of January 1, 2019[108]. - The company applied HKFRS 16 for the first time, resulting in the recognition of a right-of-use asset of HKD 8,567,000 and lease liabilities of HKD 8,496,000[150].

Financial Performance - The group recorded revenue of approximately HKD 14.7 million for the three months ended March 31, 2019, a slight decrease of about 2.7% compared to HKD 15.1 million for the same period in 2018[4] - The group reported a loss attributable to owners of approximately HKD 0.5 million for the three months ended March 31, 2019, compared to a profit of approximately HKD 1.3 million for the same period in 2018[4] - Revenue for the group decreased from approximately HKD 15.1 million to HKD 14.7 million, a slight decline of about 2.7% for the three months ending March 31, 2019[20] - For the three months ended March 31, 2019, the company reported revenue of HKD 14,741,000, a decrease of 2.2% compared to HKD 15,079,000 for the same period in 2018[41] - The total profit before tax for the three months ended March 31, 2019, was a loss of HKD 332,000, compared to a profit of HKD 1,565,000 in the same period of 2018[64] - The company reported a loss of HKD 464,000 during the period, contributing to a cumulative loss of HKD 19,815,000[43] Income and Expenses - Other income increased by approximately 49.0% to HKD 362,000 for the three months ended March 31, 2019, up from HKD 243,000 for the same period in 2018, primarily due to increased bank interest income[6] - Employee costs rose by approximately 5.8% to HKD 11.0 million for the three months ended March 31, 2019, from HKD 10.4 million for the same period in 2018, mainly due to an increase in average headcount[7] - Other expenses increased by approximately 26.5% to HKD 4.3 million for the three months ended March 31, 2019, compared to HKD 3.4 million for the same period in 2018, driven by higher advertising and professional fees[9] - The cost of goods sold was HKD (18,000), resulting in a gross loss[41] - Employee costs and related expenses increased to HKD (10,984,000) from HKD (10,381,000), representing a rise of 5.8% year-over-year[41] - Research and development costs included in employee costs and related expenses amounted to HKD 3,215,000 for the three months ended March 31, 2019, compared to HKD 2,694,000 in the previous year, indicating a rise of 19.4%[69] - Advertising and marketing expenses increased to HKD 756,000 in the first quarter of 2019 from HKD 540,000 in 2018, marking an increase of 40.0%[71] Share Capital and Equity - The issued share capital of the company was HKD 20.0 million, divided into 2,000,000,000 shares with a par value of HKD 0.01 each as of March 31, 2019[16] - As of March 31, 2019, total equity amounted to HKD 76,769,000, a decrease from HKD 77,152,000 at the beginning of the period[43] - As of March 31, 2019, the company had issued 2 billion shares, with All Divine Investments Limited holding 1.5 billion shares, representing 75% of the issued shares[28] Market and Business Development - The global data backup software market is experiencing growth due to increased investment in data backup systems, driven by risks such as hardware failure and data breaches[20] - The group is expanding its international market presence, having signed a memorandum of understanding with Orangetech Co., Ltd. to enhance distribution channels in South Korea[21] - A capital injection of KRW 250 million (approximately HKD 1.7 million) was agreed upon to acquire a 50% stake in Ahsay Korea Co. Limited, aimed at expanding core backup business in South Korea[23] - The launch of AhsayTM Backup Software Version 8 in January 2019 introduced new features, including SharePoint Online backup, enhancing existing Office 365 backup capabilities[24] - The group aims to focus on developing additional value-added features and services for existing customers to maintain competitive advantage in the market[24] - KINTIPS, an online information sharing platform, has been launched, although its revenue contribution was not significant as of March 31, 2019[25] Compliance and Governance - The audit committee reviewed the financial information for the three months ended March 31, 2019, ensuring compliance with applicable accounting standards and regulations[39] - The financial statements are prepared in accordance with the GEM listing rules, ensuring compliance with applicable disclosure requirements[49] - The company adopted new accounting standards effective January 1, 2019, which may impact financial reporting[50] - The company has not reclassified prior year figures under the new accounting standards, which may affect comparability[53] Taxation - The effective tax rate for the company's subsidiaries in Hong Kong is 8.25% on the first HKD 2 million of estimated taxable profits and 16.5% on profits exceeding HKD 2 million[75] - The company has no taxable profits in China, thus no tax provisions were made for the periods ended March 31, 2019, and 2018[75] - The company's current tax expense for Hong Kong profits tax was HKD 146,000 for the three months ended March 31, 2019, down from HKD 175,000 in 2018[9] - Deferred tax expense for the three months ended March 31, 2019, was a credit of HKD (14,000), compared to a charge of HKD 74,000 in 2018[9] - The total tax expense for the group for the three months ended March 31, 2019, was HKD 132,000, a decrease from HKD 249,000 in 2018[9] Other Information - There were no significant acquisitions or disposals during the three months ended March 31, 2019[18] - The group did not have any major capital commitments or contingent liabilities as of March 31, 2019[17] - The company has not purchased, redeemed, or sold any of its listed securities during the reporting period[37] - The company has no potential ordinary shares outstanding, thus no diluted loss per share is presented[78]

Financial Performance - Total revenue for the year ended December 31, 2018, was approximately HKD 63.0 million, an increase of about 9.4% compared to HKD 57.6 million for the year ended December 31, 2017[9]. - The company recorded a profit attributable to owners of approximately HKD 7.9 million, a turnaround from a loss of HKD 0.7 million in the same period of 2017[9]. - The group recorded a profit of approximately HKD 14.5 million for the core backup business in 2018, up from HKD 9.2 million in 2017, reflecting improved stability of the seventh version of the software[34]. - Other income increased by 140% to approximately HKD 1.2 million in 2018, up from approximately HKD 0.5 million in 2017, mainly due to higher bank interest income[41]. - Employee costs decreased by approximately HKD 2.6 million to about HKD 39.5 million in 2018, a reduction of about 6.2% from approximately HKD 42.1 million in 2017[44]. - Other expenses decreased by approximately HKD 2.1 million to about HKD 14.5 million in 2018, a reduction of about 12.7% from approximately HKD 16.6 million in 2017[45]. - The increase in revenue was primarily due to a rise of approximately HKD 5.5 million from software rental rights, attributed to the higher adoption rate of the seventh version compared to the previous year[40]. - The company reported a significant increase in revenue, with a year-over-year growth of 25%[69]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20%[69]. Business Strategy and Development - The company plans to continue enhancing its core business and developing new features for the AhsayTM backup software[12]. - The company aims to enhance software development capabilities and expand its customer base, with specific allocations of HKD 11.04 million and HKD 7.874 million respectively[16]. - The company plans to continue developing its existing business while being alert to market trends and demands to maintain competitive advantages[29]. - The company aims to improve product quality management to enhance operational efficiency[12]. - The company is considering strategic acquisitions to enhance its market position, with a budget of $30 million for potential deals[69]. - The company is investing in new technology development, allocating $10 million for R&D in the upcoming year[69]. - The company aims to increase its market share by 5% through enhanced marketing strategies[69]. - The company has launched the eighth version of AhsayTM backup software in January 2019, which includes new features such as Office 365 SharePoint Online backup[34]. Human Resources and Talent Management - The number of employees in the Philippines increased from 5 in 2017 to 15 by December 2018, supporting operational and quality assurance efforts[10]. - The expansion of the talent team in the Philippines is part of the company's strategy to attract more talent and manage costs effectively[10]. - As of December 31, 2018, the group had 82 employees, an increase from 79 in 2017, primarily due to resource reallocation to the Philippines office[57]. - Employee safety and career development are prioritized, with competitive compensation and performance incentive plans in place[139]. Corporate Governance - The company has adopted corporate governance principles based on high-quality board leadership and effective internal controls[146]. - The board consists of four executive directors and three independent non-executive directors as of December 31, 2018[147]. - The company has established four committees: Remuneration, Nomination, Audit, and Risk Management, to oversee various aspects of governance[163]. - The board confirmed its responsibility for risk management and internal control systems, which are designed to manage risks rather than eliminate them[181]. - The company has established a policy for handling and disclosing inside information to ensure compliance with confidentiality requirements[183]. - The company is committed to maintaining high levels of transparency and timely disclosure of relevant information to shareholders[185]. Market and Customer Engagement - The company maintains a diverse global customer base and is enhancing communication and service to improve customer loyalty[142]. - The group reported total revenue for the year ended December 31, 2018, with major customers accounting for approximately 3.6% and 9.0% of total revenue respectively[101]. - The company recognizes the importance of data security and the increasing demand for backup software solutions in the market[20]. Environmental, Social, and Governance (ESG) Commitments - The company reported a commitment to environmental, social, and governance (ESG) performance, emphasizing its importance for sustainable business and community development[193]. - The company aims to minimize its environmental impact by adhering to applicable environmental regulations and promoting clean production practices[198]. - The company encourages green office practices, such as minimizing energy consumption and implementing recycling measures[198]. - The company has committed to reviewing its environmental initiatives regularly to enhance sustainability practices[198]. - Stakeholder engagement is prioritized, with regular communication channels established for internal and external stakeholders, including annual meetings and reports[195].