Financial Performance - The group's unaudited revenue for the six months ended January 31, 2025, was approximately SGD 5,027,000, a decrease of about SGD 2,464,000 compared to SGD 7,491,023 for the same period in 2024[5] - The group reported an unaudited loss of approximately SGD 1,097,000 for the six months ended January 31, 2025, compared to an unaudited loss of about SGD 760,000 for the same period in 2024[5] - Gross profit for the six months ended January 31, 2025, was SGD 1,156,045, down from SGD 1,723,141 in the same period of 2024, representing a decline of approximately 32.9%[6] - The basic and diluted loss per share for the six months ended January 31, 2025, was SGD 0.51, compared to SGD 0.91 for the same period in 2024[7] - The total revenue for the six months ended January 31, 2025, was SGD 5,026,764, down from SGD 7,491,023 in 2024, reflecting a decline of approximately 33%[20] - The company reported a pre-tax loss attributable to owners of SGD (1,097,007) for the six months ended January 31, 2025, compared to a loss of SGD (760,370) in 2024, representing an increase in loss of approximately 44%[28] - The company's total other income for the six months ended January 31, 2025, was SGD 39,339, down from SGD 81,799 in 2024, indicating a decline of approximately 52%[22] - Other income decreased from approximately 82,000 SGD for the six months ended January 31, 2024, to approximately 39,000 SGD for the six months ended January 31, 2025, mainly due to a reduction in received subsidies[39] - The group recorded a loss of approximately 1,097,000 SGD for the six months ended January 31, 2025, due to the combined impact of the aforementioned factors[41] Dividend and Equity - The board of directors did not recommend the payment of an interim dividend for the six months ended January 31, 2025[5] - The company did not declare an interim dividend for the six months ended January 31, 2025, consistent with the previous year[30] - The group's total equity as of January 31, 2025, was SGD 1,839,000, down from SGD 2,875,039 as of July 31, 2024[8] Assets and Liabilities - Total assets less current liabilities as of January 31, 2025, amounted to SGD 2,120,213, a decrease from SGD 3,308,156 as of July 31, 2024[8] - Cash and cash equivalents decreased by SGD 3,101,542 during the six months ended January 31, 2025, compared to an increase of SGD 631,403 in the same period of 2024[10] - The group's net cash used in operating activities was SGD 1,451,296 for the six months ended January 31, 2025, compared to SGD 400,666 for the same period in 2024[10] - As of January 31, 2025, the group's cash and cash equivalents were approximately 1,076,000 SGD, a decrease of approximately 3,078,000 SGD or 74.10% from the balance as of July 31, 2024[43] - Trade receivables increased to SGD 844,763 as of January 31, 2025, from SGD 588,287 as of July 31, 2024[8] - The total cost of asset acquisitions for the six months ended January 31, 2025, was approximately 485,000 SGD, compared to 5,000 SGD for the same period in 2024[31] Operational Changes - The group employed a total of 69 employees as of January 31, 2025, down from 96 employees in 2024, including 2 executive directors[42] - Administrative expenses decreased from approximately 2,389,000 SGD for the six months ended January 31, 2024, to approximately 2,088,000 SGD for the six months ended January 31, 2025, driven by cost-saving measures[40] - Interest expenses for bank and other borrowings decreased to SGD 29,902 from SGD 39,006, a reduction of approximately 23%[24] Government Grants and Financing - Government grants recognized during the period amounted to SGD 15,741, significantly lower than SGD 36,769 in the previous year, indicating a decrease of about 57%[22] - As of January 31, 2025, the group's factoring financing is secured by trade receivables amounting to approximately SGD 668,000, an increase from SGD 437,000 as of July 31, 2024[48] - The company entered into a bond agreement on August 10, 2023, with a principal amount of HKD 6,000,000 (approximately SGD 1,029,000) at an annual interest rate of 10%, which was fully repaid within six months[49] Strategic Initiatives - The company aims to deepen relationships with existing clients and explore new business opportunities to expand market share and implement new business strategies[51] - The group completed a rights issue on July 11, 2024, raising approximately 14,400,000 HKD (about 2,500,000 SGD) with 143,040,093 shares subscribed[45] - The net proceeds from the rights issue were allocated for upgrading the group's ERP system and hiring more employees in Singapore, with a total planned allocation of 13.50 million HKD[46] Governance and Compliance - The Audit Committee was established on June 20, 2016, consisting of three independent non-executive directors[62] - The Audit Committee's main responsibilities include reviewing the group's financial statements and reports, and assessing significant financial reporting judgments[62] - The Audit Committee has reviewed the unaudited condensed consolidated results for the six months ended January 31, 2025[62] - There are no significant events after the reporting period ending January 31, 2025, up to the date of this report[61] - The company has adopted a stock option plan effective for ten years from June 14, 2018, with no stock options granted, lapsed, exercised, or canceled during the reporting period[59] - There were no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries during the six months ending January 31, 2025[55] - The group has no significant contingent liabilities as of January 31, 2025, consistent with the previous period ending July 31, 2024[50]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就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之任何損失承擔任何責任。 SINGASIA HOLDINGS LIMITED 星 亞 控 股 有 限 公 司 * （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：8293） 截至2025年1月31日止六個月的中期業績公告 星亞控股有限公司*（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及 其附屬公司截至2025年1月31日止六個月的未經審核簡明綜合業績。本公告載列 本公司2024/2025年中期報告全文，並遵守香港聯合交易所有限公司（「聯交所」） GEM證券上市規則（「GEM上市規則」）中有關中期業績初步公告隨附資料的相關 規定。本公司2024/2025年中期報告的印刷版本載有GEM 上市規則規定的資料，將 適時寄發予本公司股東。 承董事會命 星亞控股有限公司* 執行董事 謝峰 香港，2025年3月31日 於本公告日期，執行董事為林振業先生及謝峰先生；以及獨立非執行董事為周昭 何先生、蔡明 ...

Financial Performance - For the fiscal year ended July 31, 2024, the group's revenue decreased by approximately 33.5% to about SGD 12,315,000 from approximately SGD 18,524,000 for the fiscal year ended July 31, 2023[14]. - Gross profit for the same period fell by approximately 29.8% to about SGD 3,016,000 from approximately SGD 4,294,000[14]. - The group recorded a net loss of approximately SGD 3,270,000 for the fiscal year ended July 31, 2024, compared to a profit of approximately SGD 565,000 for the fiscal year ended July 31, 2023[14]. - Revenue from manpower outsourcing services decreased from approximately SGD 18,419,000 to approximately SGD 12,257,000, representing a decline of about 33.5%[19]. - Revenue from the hotel and resort sector dropped by approximately 35.0%, from about SGD 14,530,000 to approximately SGD 9,445,000[19]. - Revenue from manpower recruitment services decreased by approximately 44.8% to about SGD 58,000 from approximately SGD 105,000[20]. - The decline in revenue is primarily attributed to reduced demand for manpower outsourcing services[19]. - Other income decreased by approximately SGD 264,000 or 33.2% from about SGD 796,000 for the year ended July 31, 2023, to about SGD 532,000 for the year ended July 31, 2024[23]. - Administrative expenses increased by approximately SGD 10,000 to about SGD 4,424,000 for the year ended July 31, 2024[25]. - The group confirmed an impairment loss of approximately SGD 1,847,000 on an investment in an associate due to adverse changes in the hospitality industry[30]. Business Strategy and Development - The group continues to focus on developing business opportunities with existing and potential clients, particularly in the hotel sector[13]. - The group is reviewing its business strategies to expand the types of manpower solutions offered when opportunities arise[13]. - The company aims to enhance its service offerings to meet the evolving needs of clients in various industries[13]. - The group aims to deepen relationships with existing clients and explore new business opportunities to maintain market competitiveness and enhance shareholder value[48]. - The group is actively seeking opportunities to expand market share and implement new business strategies to enhance competitiveness[48]. Corporate Governance - The board of directors consists of five members, including two executive directors and three independent non-executive directors, ensuring a balanced composition[65]. - The company has complied with GEM listing rules by appointing at least three independent non-executive directors, representing at least one-third of the board[66]. - The board has established specific written terms of reference for its committees, clearly defining their authority and duties[63]. - The company has maintained high levels of corporate governance, achieving satisfaction with the effectiveness of its governance policies as of July 31, 2024[63]. - The chairman and CEO roles are held by the same individual, which the board believes enhances operational efficiency despite not adhering to the corporate governance code's recommendation[60]. - The company has a compliance officer who oversees adherence to legal and regulatory requirements, ensuring proper governance practices[57]. - The board regularly reviews the functions and responsibilities of executive directors and senior management to align with the company's needs[63]. - The company has adopted a code of conduct for directors' securities trading, ensuring compliance with GEM listing rules[61]. - The independent non-executive directors contribute significantly to board meetings and various committees, providing valuable business and financial expertise[66]. - The company has a strong commitment to fostering a culture of accountability and integrity within its operations[59]. Risk Management and Internal Controls - The board has established a three-tier risk management system to identify, assess, and mitigate risks, ensuring effective internal controls[102]. - No significant internal control deficiencies were found during the review by the independent internal control consultant for the fiscal year ending July 31, 2024[103]. - The company has a zero-tolerance policy towards bribery and corruption, with no confirmed public legal cases related to such issues for the fiscal year ending July 31, 2024[110]. - The company’s internal control and risk management systems are deemed effective, with no indications of misconduct or fraud[103]. - The company has engaged an independent third-party internal control consultant to review its internal control systems annually, which is considered more cost-effective given the company's size and nature[103]. Environmental, Social, and Governance (ESG) Initiatives - The board is responsible for overseeing the company's environmental, social, and governance (ESG) management strategies, ensuring effective risk management and internal control systems are in place[122]. - The company has established an ESG working group led by department heads to promote sustainable business practices and monitor ESG-related data collection[123]. - The company aims to integrate environmental measures into its operations, focusing on energy conservation, reducing greenhouse gas emissions, and improving waste management[124]. - The company recognizes the importance of stakeholder engagement in managing ESG matters and has conducted a survey to identify key ESG aspects[127]. - The ESG report covers the company's operations in Singapore from August 1, 2023, to July 31, 2024, detailing its management policies and performance related to ESG issues[128]. - The total greenhouse gas emissions for the fiscal year 2023/24 amounted to 14.66 tons of CO2 equivalent, with a density of 0.17 tons of CO2 equivalent per employee[143]. - The company consumed 21,906 kWh of electricity and 37,500 sheets of paper during the reporting year[143]. - Scope 2 emissions were recorded at 14.46 tons of CO2 equivalent, while Scope 3 emissions were 0.20 tons of CO2 equivalent[143]. - The company aims to maintain electricity consumption at previous levels while increasing the proportion of clean energy in its purchased electricity[143]. - The company has implemented various measures to promote energy efficiency and minimize resource usage, including the use of energy-saving appliances and encouraging employees to turn off devices when not in use[149]. Employee Management and Development - The group employed a total of 86 employees as of July 31, 2024, down from 113 in the previous year, with a gender ratio of approximately 66.3% male and 33.7% female[47]. - Total employee count stands at 86, with 57 males and 29 females[170]. - Employee turnover rate is 33%, with 62% for females and 18% for males[174]. - Full-time employee turnover rate is 46%, while support staff and executive directors have a turnover rate of 0%[174]. - The company employs 61 full-time staff, 21 support staff, and 4 executive directors[170]. - The company emphasizes equal opportunity and non-discrimination in hiring practices[169]. - All employees participate in annual performance evaluations to support career development[165]. - The company provides competitive compensation and benefits, including bonuses based on performance[167]. - Health and safety policies are in place, ensuring ergonomic office equipment and health insurance for all full-time employees[175]. - The company has implemented family-friendly employment measures to improve work-life balance[168]. Community Engagement and Social Responsibility - The company actively supports community investment by hiring more local residents to meet business needs and support the local labor market[192]. - Due to the impact of the pandemic, community activities conducted during the reporting year were limited[193]. - The company is committed to sustainable business practices while earning profits and fulfilling social responsibilities[194]. - The company will continue to regularly publish environmental, social, and governance reports to monitor and review its performance and progress[194]. - The company emphasizes stakeholder feedback to enhance its performance[194].

星亞控股有限公司 24 執行董事，且其中至少一名董事須具備適當的專業資格，或具備適當的會計或相關 獨立非執行董事，並且必須由獨立非執行董事出任主席。 董事於交易、安排或合約之權益 股息 本集團於2016年6月20日成立審核委員會，並訂有符合GEM 上市規則第5.28至5.33條及企 業管治守則第D.3.3條守則條文的書面職權範圍。審核委員會由三名獨立非執行董事組成， 即周昭何先生、蔡明輝先生及林見峰先生。周昭何先生具備適當的專業資格，擔任審核委 員會主席。 香港，2024年3月22日 2024 中期報告 1 中期報告 2024 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聯交所主板買賣 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。 本報告將由刊登日期起計最少一連七日刊載於聯交所網站www.hkexnews.hk 之「最新上 市公司公告」網頁內。本報告亦將刊載於本公司網站www.singasia.com.sg 內。 • 本公司及其附屬公司（統稱「本集團」）截至2024年1月31日止六個月的未經審核收 團截至2023年1月31日止六個月的未經審核虧損則 ...

Financial Performance - The company's unaudited revenue for the six months ended January 31, 2024, was approximately SGD 7,491,000, a decrease of about SGD 2,688,000 compared to SGD 10,178,861 for the same period in 2023[7]. - The unaudited loss for the six months ended January 31, 2024, was approximately SGD 760,000, compared to a loss of about SGD 32,000 for the same period in 2023[7]. - Gross profit for the six months ended January 31, 2024, was SGD 1,723,141, down from SGD 2,217,487 in the previous year, representing a decrease of approximately 22.4%[8]. - Total revenue for the six months ended January 31, 2024, was SGD 7,491,023, down from SGD 10,178,861 in the same period of 2023, representing a decrease of approximately 26.4%[23]. - Revenue from manpower outsourcing was SGD 7,472,003 for the six months ended January 31, 2024, compared to SGD 10,103,592 in the previous year, indicating a decline of about 26.1%[23]. - The company reported a net loss attributable to owners of the company of SGD 760,370 for the six months ended January 31, 2024, compared to SGD 31,560 for the same period in 2023[10]. - The company's total comprehensive loss for the period was SGD 716,319, compared to a total comprehensive loss of SGD 109,880 for the same period in 2023[12]. - The group recorded a loss of approximately 760,000 SGD for the six months ended January 31, 2024, due to the combined effects of the aforementioned factors[47]. Assets and Liabilities - Total assets less current liabilities as of January 31, 2024, were SGD 3,079,047, down from SGD 3,805,595 as of July 31, 2023[11]. - Current assets as of January 31, 2024, totaled SGD 4,420,315, a decrease from SGD 4,706,574 as of July 31, 2023[11]. - The company's total equity as of January 31, 2024, was SGD 3,066,487, down from SGD 3,782,806 as of July 31, 2023[11]. - The company's total equity decreased from SGD 3,782,806 as of August 1, 2023, to SGD 3,066,487 as of January 31, 2024, reflecting a decline of approximately 19%[12]. - The company’s total liabilities decreased from 2,179,480 SGD in the previous year to 1,394,183 SGD as of January 31, 2024[37]. Cash Flow - Operating cash flow for the six months ended January 31, 2024, was a net outflow of SGD 400,666, compared to a net inflow of SGD 445,377 in the same period of 2023[13]. - The company generated a net cash inflow from investing activities of SGD 1,031,077 for the six months ended January 31, 2024, contrasting with a net outflow of SGD 24,213 in the previous year[13]. - The company’s financing activities generated a net cash inflow of SGD 992 for the six months ended January 31, 2024, compared to SGD 95,882 in the previous year[13]. - Cash and cash equivalents increased by approximately 665,000 SGD or 42.66%, from about 1,559,000 SGD as of July 31, 2023, to approximately 2,224,000 SGD as of January 31, 2024, mainly due to proceeds from the issuance of unsecured bonds[49]. Dividends and Shareholder Information - The board of directors does not recommend the payment of an interim dividend for the six months ended January 31, 2024[7]. - The company has not declared an interim dividend for the six months ending January 31, 2024[68]. - The average number of issued shares weighted for the six months ended January 31, 2024, was 72,000,000, unchanged from the previous year[32]. - The company plans to issue up to 144,000,000 rights shares at a subscription price of HKD 0.10 per share, aiming to raise approximately HKD 14,400,000 before expenses[69]. Employee and Operational Information - As of January 31, 2024, the group employed a total of 96 employees, down from 142 employees in 2023[48]. - The company plans to deepen cooperation with existing clients and explore new business opportunities to expand market share and enhance competitiveness[55]. Governance and Compliance - Following the appointment of Mr. Zhou Zhaohe as an independent non-executive director and chairman of the audit committee on March 8, 2024, the company has complied with GEM Listing Rules[64]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated results for the six months ending January 31, 2024[71]. - The company has maintained a governance structure that does not separate the roles of chairman and CEO, which the board believes enhances operational efficiency[62]. - The company has a sufficient number of independent non-executive directors to meet the requirements of the GEM Listing Rules[65]. - There were no significant transactions or contracts involving directors with substantial interests during the reporting period[66]. - The company has not reported any major events after the six months ending January 31, 2024, up to the report date[70].

Financial Performance - The Group's unaudited revenue for the three months ended October 31, 2023, was approximately SGD 4,384,000, a decrease of about SGD 414,000 compared to the same period in 2022[4]. - The Group recorded an unaudited loss of approximately SGD 800 for the three months ended October 31, 2023, compared to an unaudited loss of approximately SGD 1,000 for the same period in 2022[4]. - Gross profit for the three months ended October 31, 2023, was SGD 979,875, down from SGD 1,053,848 in the same period in 2022, representing a decrease of approximately 7%[5]. - Revenue for the three months ended October 31, 2023, was SGD 4,384,000, a decrease of approximately 414,000 SGD from SGD 4,798,000 for the same period in 2022[29]. - Gross profit decreased from approximately SGD 1,054,000 for the three months ended October 31, 2022, to approximately SGD 980,000 for the same period in 2023, reflecting a decrease of about 74,000 SGD[30]. - Other income fell from approximately SGD 105,000 for the three months ended October 31, 2022, to approximately SGD 37,000 for the same period in 2023, a decrease of about 68,000 SGD[31]. - Administrative expenses decreased to SGD 945,593 for the three months ended October 31, 2023, from SGD 1,075,423 in the same period in 2022, a reduction of about 12%[5]. - Administrative expenses decreased from approximately SGD 1,075,000 for the three months ended October 31, 2022, to approximately SGD 946,000 for the same period in 2023, a reduction of about 129,000 SGD[32]. - The total comprehensive income for the period was SGD 53,056, compared to SGD 54,013 for the same period in 2022, reflecting a decrease of approximately 2%[6]. Financing and Equity - The Group's financing costs increased to SGD 47,144 for the three months ended October 31, 2023, compared to SGD 22,929 in the same period in 2022, an increase of approximately 106%[5]. - The company’s tax expense for the three months ended October 31, 2023, was SGD 7,416, compared to SGD 14,858 for the same period in 2022[22]. - The Group's total equity as of October 31, 2023, was SGD 3,835,862, compared to SGD 3,327,224 as of October 31, 2022, indicating an increase of approximately 15%[7]. - The company’s issued share capital as of October 31, 2023, was SGD 626,240, with a total of 72,000,000 shares outstanding[35]. Dividends and Share Options - The Board of Directors did not recommend the distribution of dividends for the three months ended October 31, 2023[4]. - The company did not declare any dividends for the three months ended October 31, 2023, consistent with the previous year[25]. - The board of directors does not recommend the distribution of dividends for the three months ended October 31, 2023, consistent with the previous year[50]. - The company has not granted, lapsed, exercised, or cancelled any share options under the share option scheme during the three months ended October 31, 2023, and there are no unexercised share options as of the report date[49]. Operational Insights - The Group primarily operates in Singapore, focusing on providing manpower outsourcing and recruitment services, with no separate segment reporting[12]. - The group's revenue decreased from approximately 4,798,000 SGD for the three months ended October 31, 2022, to approximately 4,384,000 SGD for the three months ended October 31, 2023, primarily due to a decline in revenue from outsourced manpower services and no revenue generated from recruitment services[37]. - As of October 31, 2023, the company had 114 employees, down from 143 employees in 2022[36]. - The company aims to deepen relationships with existing clients and seek new clients to create new business opportunities, focusing on expanding market share and implementing new business strategies to maintain competitiveness and enhance shareholder value[37]. Governance and Compliance - The company is actively seeking suitable candidates to fulfill the requirements of independent non-executive directors and audit committee chairperson to comply with GEM Listing Rules within three months[48]. - The audit committee, established on June 20, 2016, consists of two independent non-executive directors and is responsible for providing independent views on the effectiveness of the group's financial reporting system, risk management, and internal control systems[52]. - The company has complied with the corporate governance code principles and provisions, except for the requirement to separate the roles of chairman and CEO, which are held by the same individual[45]. - The major shareholder, Extraordinary Consultant Limited, holds 12.70% of the issued share capital, with the beneficial ownership attributed to Wong Yuk Chi[40]. Reporting and Publication - The unaudited consolidated performance for the three months ending October 31, 2023, has been reviewed by the Audit Committee[53]. - The report will be published on the Hong Kong Stock Exchange website for at least seven days from the publication date[54]. - The report will also be available on the company's website www.singasia.com.sg[54]. - As of October 31, 2023, there were no significant events occurring after the reporting period up to the report date[51].

Financial Performance - For the fiscal year ending July 31, 2023, the company's revenue increased by approximately 89.3% to about SGD 18,524,000, up from approximately SGD 9,787,000 for the fiscal year ending July 31, 2022[11]. - Gross profit rose by approximately 97.7% to about SGD 4,294,000 for the fiscal year ending July 31, 2023, compared to approximately SGD 2,172,000 for the previous fiscal year[11]. - The company recorded a profit of approximately SGD 565,000 for the fiscal year ending July 31, 2023, reversing a loss of approximately SGD 1,717,000 from the previous year[11]. - Other income and gains increased from approximately 375,000 SGD for the fiscal year ended July 31, 2022, to about 1,010,000 SGD for the fiscal year ended July 31, 2023[19]. - Administrative expenses rose by approximately 497,000 SGD from about 3,917,000 SGD for the fiscal year ended July 31, 2022, to about 4,414,000 SGD for the fiscal year ended July 31, 2023[20]. - The overall gross margin rose from approximately 22.2% for the fiscal year ended July 31, 2022, to about 23.2% for the fiscal year ended July 31, 2023[18]. - The increase in revenue and profit was also supported by government subsidies and gains from the sale of subsidiaries[11]. Revenue Sources - Revenue from manpower outsourcing services increased from approximately SGD 9,670,000 to approximately SGD 18,419,000, with the hotel and resort sector contributing SGD 14,530,000, representing 78.9% of the total outsourcing revenue[15]. - The manpower recruitment service revenue slightly decreased from approximately SGD 117,000 to approximately SGD 105,000, primarily due to reduced demand for new foreign workers[16]. Business Strategy and Future Plans - The company continues to focus on expanding its manpower solutions, particularly in the hotel sector, as Singapore's economy progresses towards recovery[10]. - The company plans to review its business strategies and expand the types of manpower solutions offered as opportunities arise[10]. - The company aims to leverage the reopening of Singapore's borders to enhance demand for its manpower outsourcing services[15]. Corporate Governance - The board consists of five members, including two executive directors and three independent non-executive directors, ensuring a balanced composition for effective independent judgment[58]. - The board held a total of eight meetings during the fiscal year ending July 31, 2023, with active participation from the majority of directors[60]. - The company has established board committees with specific written terms of reference to clearly define their authority and duties[56]. - The board is satisfied with the effectiveness of the corporate governance policies reviewed and assessed as of July 31, 2023[56]. - The company has maintained compliance with GEM listing rules regarding the appointment of at least three independent non-executive directors, constituting at least one-third of the board[59]. - The chairman and CEO roles are held by the same individual, Lin Zhenye, as of December 28, 2022, to enhance operational efficiency[52]. Risk Management and Compliance - The company has adopted a three-tier risk management approach to identify, assess, and mitigate risks associated with business operations[88]. - The board is responsible for evaluating the nature and extent of risks the company is willing to take to achieve its strategic objectives[87]. - The company has engaged an independent third-party internal control consultant to review its internal control system, which is deemed effective with no significant deficiencies found[89]. - The company has established procedures to handle and communicate inside information in compliance with the Securities and Futures Ordinance and GEM Listing Rules[91]. - The group has a zero-tolerance policy towards bribery and corruption, with no confirmed legal cases related to these issues as of July 31, 2023[94]. Environmental, Social, and Governance (ESG) - The board is responsible for overseeing the group's environmental, social, and governance (ESG) strategies and performance, ensuring effective risk management systems are in place[105]. - The ESG working group, led by department heads, regularly assesses related risks and reports progress to the board annually[106]. - The company focuses on integrating environmental measures into operations, aiming to reduce greenhouse gas emissions and improve waste management[109]. - The group has committed to sustainable operations, providing a safe and healthy environment for employees and supporting local communities[126]. - The group adheres to strict national environmental laws and regulations, with no reported non-compliance incidents during the reporting year[126]. Employee Welfare and Training - The company emphasizes equal opportunity and non-discrimination in all aspects of employment, with regular training to raise awareness[151]. - All full-time employees are covered by a health insurance plan that includes outpatient and dental check-ups[157]. - The company has implemented a five-day work week and offers various family-oriented employment measures to improve work-life balance[150]. - A total of 66 hours of training provided to employees, with 13% of employees receiving training, averaging 0.6 hours per employee[160]. Shareholder Communication - The company encourages shareholders to communicate with the board through written inquiries and provides a dedicated email for feedback[104]. - The company has established a governance framework to ensure effective communication with shareholders and potential investors, including quarterly and annual reports[99].

Financial Performance - The group's unaudited revenue for the nine months ended April 30, 2023, was approximately SGD 14,231,000, an increase of about SGD 7,836,000 compared to the same period in 2022[6]. - The group reported an unaudited loss of approximately SGD 140,000 for the nine months ended April 30, 2023, significantly improved from a loss of approximately SGD 1,344,000 in the same period of 2022[6]. - For the three months ended April 30, 2023, the group's revenue was SGD 4,051,654, compared to SGD 2,139,046 for the same period in 2022, representing an increase of approximately 89.4%[7]. - The gross profit for the nine months ended April 30, 2023, was SGD 3,293,873, up from SGD 1,445,079 in the same period of 2022, indicating a growth of approximately 128.5%[7]. - The total comprehensive loss for the nine months ended April 30, 2023, was SGD 220,240, a significant reduction from SGD 1,344,821 in the same period of 2022[9]. - The basic and diluted loss per share for the nine months ended April 30, 2023, was SGD 0.008, compared to SGD 0.090 for the same period in 2022[8]. - The company's revenue increased from approximately SGD 6,395,000 for the nine months ended April 30, 2022, to approximately SGD 14,231,000 for the nine months ended April 30, 2023, representing a growth of about 122.5%[31]. - Revenue from manpower outsourcing services rose from approximately SGD 6,329,000 for the nine months ended April 30, 2022, to approximately SGD 14,128,000 for the nine months ended April 30, 2023, an increase of approximately SGD 7,799,000 or 123.2%[31]. - Other income rose from approximately SGD 218,000 for the nine months ended April 30, 2022, to approximately SGD 745,000 for the nine months ended April 30, 2023, an increase of approximately SGD 527,000[33]. Expenses and Costs - The group incurred administrative expenses of SGD 3,891,428 for the nine months ended April 30, 2023, compared to SGD 2,811,635 in the same period of 2022, reflecting an increase of approximately 38.4%[7]. - The service costs for the nine months ended April 30, 2023, were SGD 10,936,642, compared to SGD 4,950,316 in 2022, which is an increase of approximately 120.1%[24]. - The company reported a pre-tax loss for the nine months ended April 30, 2023, with service costs including salaries and bonuses amounting to SGD 10,209,675, compared to SGD 4,321,002 in 2022, reflecting a growth of about 136.5%[24]. - The financing costs for the nine months ended April 30, 2023, totaled SGD 71,708, up from SGD 51,299 in 2022, indicating a rise of about 39.7%[23]. - Administrative expenses increased from approximately SGD 2,812,000 for the nine months ended April 30, 2022, to approximately SGD 3,891,000 for the nine months ended April 30, 2023, an increase of approximately SGD 1,079,000[34]. Dividends and Shareholder Information - The board of directors did not recommend the payment of a dividend for the nine months ended April 30, 2023[6]. - The company does not recommend the payment of dividends for the nine months ended April 30, 2023[28]. - No dividends were proposed for the nine months ending April 30, 2023[52]. - As of April 30, 2023, Irregular Consulting Limited holds 228,665,000 shares, representing 12.70% of the issued share capital[43]. Operational Focus and Strategy - The group continues to focus on expanding its human resource outsourcing and recruitment services[11]. - The company aims to deepen relationships with existing clients and explore new business opportunities to expand market share and enhance shareholder value[40]. Employment and Resources - As of April 30, 2023, the company employed a total of 124 employees, an increase from 103 employees in 2022[37]. - Cash and cash equivalents increased to approximately SGD 2,232,000 as of April 30, 2023, from approximately SGD 271,000 as of July 31, 2022, representing an increase of approximately SGD 1,961,000[38]. Compliance and Governance - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO[49]. - The audit committee reviewed the unaudited consolidated results for the nine months ending April 30, 2023[54]. - The company has not granted, lapsed, exercised, or cancelled any share options under the share option scheme during the nine-month period[51]. - The company did not purchase, sell, or redeem any of its listed securities during the review period[46]. - There were no significant transactions, arrangements, or contracts involving the company's directors during the review period[50]. - The board confirmed compliance with the trading requirements for directors during the review period[47]. - The company has no knowledge of any competing businesses or interests that may conflict with its operations[45]. Other Information - The company is registered in the Cayman Islands and listed on the GEM of the Hong Kong Stock Exchange since July 15, 2016[10]. - The company adopted all new and revised International Financial Reporting Standards effective from August 1, 2022, with no significant impact on the financial statements[17]. - The depreciation of property, plant, and equipment for the nine months ended April 30, 2023, was SGD 38,607, down from SGD 140,466 in 2022, indicating a decrease of about 72.5%[24]. - No major events occurred after the nine months ending April 30, 2023, up to the report date[53].

Financial Performance - The group's unaudited revenue for the six months ended January 31, 2023, was approximately SGD 10,179,000, an increase of about SGD 5,923,000 compared to SGD 4,256,349 for the same period in 2022[6] - The group reported an unaudited loss of approximately SGD 32,000 for the six months ended January 31, 2023, a significant improvement from the unaudited loss of approximately SGD 939,000 for the same period in 2022[6] - The gross profit for the six months ended January 31, 2023, was SGD 2,217,487, compared to SGD 972,850 for the same period in 2022, reflecting a gross profit margin increase[7] - Total revenue for the six months ended January 31, 2023, was SGD 10,178,861, a significant increase of 139.5% compared to SGD 4,256,349 for the same period in 2022[23] - Revenue from manpower outsourcing for the three months ended January 31, 2023, was SGD 5,345,069, up 120.5% from SGD 2,429,274 in the same period last year[23] - The company reported a pre-tax loss of SGD 31,560 for the six months ended January 31, 2023, compared to a loss of SGD 937,592 for the same period in 2022[29] - The total cost of services for the six months ended January 31, 2023, was SGD 7,961,374, an increase of 142.5% from SGD 3,283,499 in 2022[25] Cash Flow and Liquidity - Cash and cash equivalents rose to SGD 800,903 as of January 31, 2023, compared to SGD 271,146 as of July 31, 2022, showing enhanced liquidity position[9] - The company reported a net cash increase of SGD 517,046 for the six months ended January 31, 2023, compared to a decrease of SGD 1,858,233 in the same period of 2022[12] - Operating cash flow before changes in working capital improved to SGD 334,443, a recovery from a negative cash flow of SGD 550,215 in the previous year[11] - The company’s financing activities resulted in a net cash inflow of SGD 95,882, a significant improvement from a net cash outflow of SGD 493,915 in the previous year[12] - Cash and cash equivalents increased by approximately 530,000 SGD or 195.6% to about 801,000 SGD as of January 31, 2023, compared to 271,000 SGD as of July 31, 2022[45] Assets and Liabilities - Trade receivables increased to SGD 2,775,409 as of January 31, 2023, from SGD 2,339,922 as of July 31, 2022, indicating improved collection efficiency[9] - The total assets less current liabilities amounted to SGD 3,255,635 as of January 31, 2023, down from SGD 3,538,254 as of July 31, 2022[9] - The company's net assets decreased to SGD 3,163,331 as of January 31, 2023, from SGD 3,273,211 as of July 31, 2022, indicating a reduction in overall equity[9] - Total equity as of January 31, 2023, was SGD 3,163,331, down from SGD 3,273,211 as of August 1, 2022, primarily due to accumulated losses[10] - The company’s total borrowings decreased from SGD 1,942,824 in the previous year to SGD 1,082,917 for the current period[12] Expenses - The group’s administrative expenses increased to SGD 2,221,219 for the six months ended January 31, 2023, from SGD 1,879,826 for the same period in 2022, reflecting higher operational costs[7] - The company incurred interest expenses of SGD 46,101 for the six months ended January 31, 2023, compared to SGD 35,419 in the same period last year[24] - The company incurred depreciation expenses of SGD 29,031 for property, plant, and equipment, down from SGD 98,959 in the previous year[11] - Administrative expenses increased from approximately 1,880,000 SGD to approximately 2,221,000 SGD, primarily due to rising employee costs[41] Dividends and Share Capital - The board does not recommend the payment of an interim dividend for the six months ended January 31, 2023[6] - The company did not declare an interim dividend for the six months ended January 31, 2023, consistent with the previous year[29] - The average number of issued shares weighted for the six months ended January 31, 2023, was 1,800,000,000, up from 1,500,000,000 in the previous year[29] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated results for the six months ending January 31, 2023[62] - The company has complied with the corporate governance code principles and provisions, except for a temporary non-compliance regarding the number of independent non-executive directors[57] - The company confirmed that there were no significant transactions, arrangements, or contracts in which any director had a material interest during the review period[59] - The company has adopted a code of conduct for securities transactions by directors, which complies with GEM Listing Rules[56] - The roles of the chairman and CEO were not separated during the review period, but the company believes the current structure is sufficient for effective governance[58] Business Operations - The company continues to focus on its core business of providing human outsourcing and recruitment services, with no significant new product launches or acquisitions reported during the period[14] - The company aims to deepen relationships with existing clients and explore new business opportunities to expand market share and implement new business strategies[50] - As of January 31, 2023, the company employed a total of 142 employees, up from 104 in 2022, including 109 full-time dispatched employees[44] Other Information - The company has no significant contingent liabilities as of January 31, 2023[49] - No purchases, sales, or redemptions of the company's listed securities occurred during the review period[55] - As of January 31, 2023, Irregular Consulting Limited holds 228,665,000 shares, representing approximately 12.70% of the issued share capital[52] - Huang Yuzhi indirectly holds 228,655,000 shares through Irregular Consulting Limited, also accounting for approximately 12.70% of the issued share capital[52] - No stock options were granted, lapsed, exercised, or cancelled under the stock option plan during the six months ending January 31, 2023[60]

Financial Performance - The group's unaudited revenue for the nine months ended April 30, 2020, was approximately SGD 12,946,000, a decrease of about SGD 4,763,000 or 26.9% compared to the same period in 2019[5]. - The group's unaudited revenue for the three months ended April 30, 2020, was SGD 1,292,003, compared to SGD 5,504,569 for the same period in 2019, reflecting a significant decline[6]. - Revenue for the three months ended April 30, 2020, was SGD 1,292,003, a decrease of 76.5% compared to SGD 5,504,569 for the same period in 2019[18]. - Revenue for the nine months ended April 30, 2020, was SGD 12,945,671, down 26.5% from SGD 17,708,803 in the previous year[18]. - The group's gross profit for the nine months ended April 30, 2020, was SGD 3,235,270, down from SGD 4,752,433 in the same period in 2019[6]. - The gross profit for the nine months ended April 30, 2020, declined by approximately 1,517,000 SGD to about 3,235,000 SGD, compared to about 4,752,000 SGD in 2019[27]. - The group's unaudited loss for the nine months ended April 30, 2020, was approximately SGD 835,000, compared to a loss of approximately SGD 2,774,000 for the same period in 2019[5]. - Basic and diluted loss per share for the nine months ended April 30, 2020, was SGD 0.00059, compared to SGD 0.00222 for the same period in 2019[5]. Income and Expenses - The group's unaudited other income for the nine months ended April 30, 2020, was approximately SGD 1,532,000, an increase of about SGD 1,393,000 compared to SGD 139,000 in the same period in 2019, mainly due to cash subsidies from the Singapore government's employment support scheme[5]. - The group's unaudited administrative expenses for the nine months ended April 30, 2020, were approximately SGD 5,232,000, a decrease of about SGD 2,032,000 or 28.0% compared to the same period in 2019, primarily due to the closure of the Hong Kong office and cost-saving measures in Singapore[5]. - The group reported a service cost of SGD 9,710,401 for the nine months ended April 30, 2020, down from SGD 12,956,370 in the previous year[21]. - Employee benefits expenses, excluding directors' remuneration, totaled SGD 9,973,173 for the nine months ended April 30, 2020, down from SGD 14,101,690 in the previous year[21]. - Total financing costs for the nine months ended April 30, 2020, were SGD 50,354, compared to SGD 19,794 for the same period in 2019, reflecting an increase in interest expenses[20]. - The financing costs increased from approximately 20,000 SGD in 2019 to about 50,000 SGD in 2020, primarily due to interest from factoring loans and lease liabilities[31]. - Depreciation expenses for the nine months ended April 30, 2020, were SGD 512,662, compared to SGD 430,367 for the same period in 2019, indicating an increase in asset depreciation[21]. Corporate Governance and Shareholder Information - The board of directors did not recommend the payment of an interim dividend for the nine months ended April 30, 2020[5]. - The company does not recommend the payment of an interim dividend for the nine months ended April 30, 2020[25]. - As of April 30, 2020, Mr. Shen Xuezhang holds 399,990,000 shares, representing 26.67% of the issued share capital of the company[36]. - Centrex Treasure Holdings Limited, owned approximately 94.89% by Mr. Shen, holds 399,990,000 shares in the company[39]. - Eden Publishing Pte. Ltd. owns 250,000,000 shares, accounting for 16.67% of the issued share capital[41]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated results for the nine months ended April 30, 2020[48]. - No directors or major shareholders have any interests in any business that competes with the company[42]. - The company has complied with the corporate governance code as per GEM Listing Rules, except for the separation of the roles of Chairman and CEO[45]. - There were no purchases, sales, or redemptions of the company's listed securities during the review period[43]. - The company confirmed compliance with the prescribed trading standards for directors as of April 30, 2020[44]. - No significant transactions, arrangements, or contracts involving directors or their associates were reported during the review period[46]. Business Outlook - The company anticipates that the global economic slowdown due to COVID-19 will negatively impact its business, with expected continued revenue declines in the coming quarters[35]. - The company plans to manage its expenses and seek other business opportunities to navigate the current adverse market conditions[35]. Employment and Operations - As of April 30, 2020, the company employed a total of 107 employees, a significant decrease from 310 employees in 2019[33]. - The company is primarily engaged in human outsourcing, recruitment, and training services[9]. - The group primarily operates in Singapore, with revenue mainly derived from its operations in the region[17]. - The group has integrated resources and does not present separate operating segment information, focusing on overall performance metrics[16]. - The group did not report any significant impact from the new and revised International Financial Reporting Standards on its financial position and performance during the reporting period[14].