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佈的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全 部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Ocean Star Technology Group Limited 海 納 星 空 科 技 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8297） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 之 年 度 業 績 公 佈 及 恢 復 買 賣 海 納 星 空 科 技 集 團 有 限 公 司（「本 公 司」及 其 附 屬 公 司 統 稱「本 集 團」）董 事（「董 事」）會（「董事會」）欣然宣佈本集團截至二零二三年三月三十一日止年度之經審 核綜合財務業績。本公佈載列本集團截至二零二三年三月三十一日止年度之 年報全文，乃符合香港聯合交易所有限公司GEM（「GEM」）證券上市規則（「GEM 上市規則」）中有關年度業績初步公佈附載的資料之相關要求。 恢復買賣 茲提述本公司日期為二零二三年六月三十日之公佈。 應本公司要求，本公司股份（「股份」）已由二零二三年七月三日上午 ...

Financial Performance - For the three months ended December 31, 2022, the company reported revenue of HKD 11,022,000, a decrease of 9.3% compared to HKD 12,147,000 for the same period in 2021[5]. - The gross profit for the nine months ended December 31, 2022, was HKD 22,060,000, down 20.5% from HKD 27,766,000 in the previous year[5]. - The company incurred a loss attributable to owners of HKD 18,046,000 for the nine months ended December 31, 2022, compared to a loss of HKD 899,000 in the same period of 2021[5]. - Basic loss per share for the nine months ended December 31, 2022, was HKD 2.22, compared to HKD 0.17 for the same period in 2021[5]. - The total comprehensive loss for the nine months ended December 31, 2022, was HKD 18,191,000, compared to HKD 1,360,000 in the previous year[5]. - The company reported a revenue of approximately HKD 33.0 million for the nine months ended December 31, 2022, a decrease of about 10.8% compared to HKD 37.0 million for the same period in 2021[22]. - Gross profit margin decreased from approximately 75.1% for the nine months ended December 31, 2021, to about 67.6% for the same period in 2022, a reduction of approximately 7.5%[23]. - The company recorded a loss attributable to owners of approximately HKD 18.0 million for the nine months ended December 31, 2022, compared to a loss of about HKD 0.9 million for the same period in 2021[25]. Expenses and Cost Control - The company’s administrative and other operating expenses increased to HKD 18,607,000 for the nine months ended December 31, 2022, from HKD 13,766,000 in the same period of 2021[5]. - Sales expenses increased to approximately HKD 17.7 million for the nine months ended December 31, 2022, from about HKD 16.1 million in the same period of 2021[24]. - Administrative and other operating expenses rose to approximately HKD 18.6 million for the nine months ended December 31, 2022, compared to about HKD 13.8 million for the same period in 2021[24]. - The company will continue to tighten cost control measures and invest in the development of e-commerce and related platforms[20]. Future Plans and Market Strategy - The company plans to continue its focus on the design, manufacturing, and sales of women's lingerie products in Hong Kong, Macau, and China[8]. - The company is exploring opportunities for market expansion and potential new product development in the upcoming quarters[8]. - The company plans to invest in upgrading core lingerie products and developing new fashion lingerie products to enhance future competitiveness[20]. - The company aims to actively seek potential opportunities to diversify its business foundation[20]. Shareholding and Corporate Governance - As of December 31, 2022, Global Succeed holds 120,000,000 shares, representing 13.33% of the company's issued share capital[29]. - Global Succeed's shareholding was diluted from approximately 25.40% to about 17.78% after a rights issue that raised approximately HKD 26.0 million[32]. - Following the sale of 40,000,000 shares on August 24, 2022, Global Succeed's shareholding further diluted to approximately 13.33%[32]. - The company has not granted any share options under the share option scheme as of the report date[36]. - The audit committee has reviewed the unaudited condensed consolidated results for the nine months ended December 31, 2022, ensuring compliance with applicable accounting standards and GEM listing rules[42]. - The company has adhered to the corporate governance code as per GEM listing rules, with no deviations reported[38]. - There were no known conflicts of interest involving directors or major shareholders as of December 31, 2022[37]. - The company has established an audit committee to oversee financial reporting processes and internal controls[42]. - The company has not identified any non-compliance with the trading standards for directors during the nine months ended December 31, 2022[40]. Dividends - No dividends were recommended for the three and nine months ended December 31, 2022[16].

Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 21,605,000, a decrease of 13.5% compared to HKD 24,833,000 for the same period in 2021[9] - Gross profit for the same period was HKD 14,578,000, down 20.4% from HKD 18,403,000 in 2021[9] - The company reported a loss attributable to owners of HKD 10,209,000 for the six months ended September 30, 2022, compared to a profit of HKD 1,875,000 in 2021[9] - The company reported a basic loss per share of HKD 0.92 for the six months ended September 30, 2022, compared to earnings of HKD 0.36 in 2021[9] - The group reported a pre-tax loss of HKD 10,209,000 for the six months ended September 30, 2022, compared to a profit of HKD 1,875,000 for the same period in 2021[40] - The company reported a net loss of HKD 10,209,000 for the six months ended September 30, 2022, compared to a net loss of HKD 11,123,000 for the same period in 2021, indicating a slight improvement in performance[16] Assets and Liabilities - Total assets as of September 30, 2022, were HKD 66,875,000, a decrease from HKD 75,375,000 as of March 31, 2022[11] - Current liabilities increased to HKD 81,941,000 from HKD 79,478,000 as of March 31, 2022[11] - The company’s total liabilities decreased to HKD 6,948,000 from HKD 9,749,000 as of March 31, 2022[13] - The company’s equity increased to HKD 21,494,000 as of September 30, 2022, compared to HKD 6,603,000 as of March 31, 2022[13] - As of September 30, 2022, the company's current liabilities net value was approximately HKD 4.1 million, down from HKD 15.1 million as of March 31, 2022[65] Cash Flow - The net cash used in operating activities for the six months ended September 30, 2022, was HKD 18,028,000, compared to HKD 16,842,000 in the previous year, indicating an increase in cash outflow[19] - Cash and cash equivalents at the end of the period were HKD 19,729,000, down from HKD 28,035,000 in the previous year, showing a decrease of about 29.8%[19] - The company raised HKD 27,000,000 through a rights issue, which contributed to its financing activities net cash inflow of HKD 18,912,000 for the period[19] Revenue Breakdown - Revenue from the sale of women's lingerie and related products for the six months ended September 30, 2022, was HKD 18,319,000, a decrease of 12.7% from HKD 20,937,000 in the same period of 2021[31] - Revenue from beauty services for the same period was HKD 293,000, down from HKD 753,000 in the previous year, representing a decline of approximately 61.0%[31] Employee and Operational Costs - Total employee costs increased to HKD 12,758,000 for the six months ended September 30, 2022, up from HKD 10,590,000 in the previous year, representing a growth of approximately 20.5%[6] - The group reported a total inventory cost of HKD 7,027,000 for the six months ended September 30, 2022, compared to HKD 6,430,000 in the previous year, indicating a rise in inventory expenses[6] Capital Expenditure - The group purchased property, plant, and equipment amounting to approximately HKD 1,847,000 for the six months ended September 30, 2022, compared to HKD 211,000 in the same period of 2021, reflecting a substantial increase in capital expenditure[44] Shareholder Information - The major shareholder, Global Succeed Group Limited, holds 120,000,000 shares, representing 13.33% of the company's issued share capital[92] - Global Succeed's ownership in the company was diluted from approximately 43.75% to about 25.40% after issuing 48 million and 102 million shares in 2021[95] - Following a rights issue completed on August 19, 2022, the net proceeds amounted to approximately HKD 26.0 million, further diluting Global Succeed's stake to about 17.78%[96] - As of September 30, 2022, Global Succeed's ownership was further reduced to approximately 13.33% after selling 40 million shares[96] Corporate Governance - The company has committed to adopting best corporate governance practices, with a focus on separating the roles of chairman and CEO[102] - The audit committee reviewed the unaudited condensed consolidated results for the six months ended September 30, 2022, confirming compliance with applicable accounting standards and GEM listing rules[107] - There were no known conflicts of interest among directors or major shareholders as of September 30, 2022[101] Future Plans - The management plans to optimize resource allocation and upgrade core lingerie products based on consumer demand[59] - The company aims to invest in the development of e-commerce specific lingerie products and online shopping markets[59] - The group has no significant future plans for major investments or capital assets as of September 30, 2022[77]

Financial Performance - The company's revenue for the three months ended June 30, 2022, was HKD 11,429,000, a decrease of 12.2% compared to HKD 13,018,000 for the same period in 2021[4] - Gross profit for the same period was HKD 8,462,000, down 16.8% from HKD 10,173,000 year-on-year[4] - The company reported a loss attributable to owners of HKD 3,277,000, compared to a profit of HKD 655,000 in the previous year[4] - Basic and diluted loss per share was HKD 0.52, compared to earnings of HKD 0.13 per share in the prior year[4] - The total comprehensive loss for the period was HKD 3,727,000, compared to a comprehensive income of HKD 663,000 in the same period last year[4] - The gross profit margin decreased from approximately 78.1% for the three months ended June 30, 2021, to approximately 74.0% for the same period in 2022, a reduction of about 5.2%[28] - The company reported a loss attributable to owners of approximately HKD 3.3 million for the three months ended June 30, 2022, compared to a profit of approximately HKD 0.7 million for the same period in 2021[30] Expenses - Sales expenses increased to HKD 5,948,000 from HKD 4,986,000, reflecting a rise of 19.3% year-on-year[4] - Administrative and other operating expenses rose to HKD 5,975,000, up from HKD 4,698,000, marking a 27.2% increase[4] - Other income for the period was HKD 495,000, slightly up from HKD 448,000 in the previous year[4] - The company incurred finance costs of HKD 310,000, compared to HKD 183,000 in the same period last year[4] - Sales expenses increased from approximately HKD 5.0 million for the three months ended June 30, 2021, to approximately HKD 6.0 million for the same period in 2022, primarily due to increased marketing expenses[29] - Administrative expenses rose from approximately HKD 4.7 million for the three months ended June 30, 2021, to approximately HKD 6.0 million for the same period in 2022, mainly due to increased employee costs[29] Corporate Governance - The audit committee has reviewed the unaudited consolidated results for the three months ended June 30, 2022, and confirmed compliance with applicable accounting standards and GEM listing rules[47] - The company has adhered to the corporate governance code as per GEM listing rules, with no deviations reported as of June 30, 2022[43] - The company has not identified any conflicts of interest among directors or major shareholders as of June 30, 2022[42] - The company has established an audit committee to oversee financial reporting processes and internal controls[47] - The company has not appointed a CEO since the positions were vacated in 2017 and 2018, with executive directors collectively fulfilling the role[43] Shareholder Information - The company has 630 million shares issued as of June 30, 2022, compared to 480 million shares in the same period of 2021[21] - Global Succeed's ownership in the company was diluted from 43.75% to approximately 25.40% after the issuance of 150,000,000 shares in two placements[38] - As of June 30, 2022, Global Succeed held 160,000,000 shares of the company, representing a 50% ownership by each of the two beneficial owners[37] - The company has not granted any stock options under the stock option plan as of the report date[40] Business Strategy - The company continues to focus on the design, manufacturing, and sales of women's lingerie products and beauty services in Hong Kong, Macau, and China[9] - The company plans to optimize resource allocation and upgrade core lingerie products based on consumer demand[25] - The company aims to invest in the development of e-commerce exclusive lingerie products and the online shopping market[25] - The company will continue to monitor the development of the COVID-19 pandemic and tighten cost control measures[25] Dividend Policy - The company does not recommend the distribution of dividends for the three months ended June 30, 2022, consistent with the same period in 2021[21] Market Activity - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the three months ended June 30, 2022[46] - The company has not disclosed any new product developments or market expansion strategies in the provided documents[41]

Company Overview - The company is a leading retailer of shapewear lingerie in Hong Kong, primarily operating under the core brand "Bodibra" and sub-brands "June," "ooobiki," "Bodicare," and "invisi"[9]. Impact of COVID-19 - The COVID-19 pandemic severely impacted the retail market in Hong Kong, leading to a decline in consumer sentiment and necessitating cost control measures[10]. - For the fiscal year ending March 31, 2022, the group's revenue was approximately HKD 46.6 million, a decrease of about 12.7% from HKD 53.4 million for the previous year due to weak retail sales caused by the COVID-19 pandemic in Hong Kong[13]. Financial Performance - The group's cost of sales increased to approximately HKD 12.1 million, an increase of about 8.0% from HKD 11.2 million in the previous year, primarily due to rising employee costs, depreciation of right-of-use assets, and raw material purchases[14]. - Gross profit decreased by approximately 18.2% to about HKD 34.5 million from approximately HKD 42.2 million in the previous year[14]. - The group recorded a loss before tax of approximately HKD 18.7 million for the fiscal year, compared to a profit of about HKD 4.4 million in the previous year, attributed to decreased sales and increased costs[17]. - The group reported a loss attributable to owners of approximately HKD 18.8 million for the fiscal year, compared to a profit of about HKD 3.7 million in the previous year[21]. Asset and Liability Management - The total assets of the group increased by approximately HKD 33.8 million to about HKD 95.5 million as of March 31, 2022, compared to HKD 61.7 million in the previous year[23]. - Total liabilities decreased by approximately HKD 1.5 million to about HKD 88.9 million as of March 31, 2022, compared to HKD 90.4 million in the previous year[24]. - The group had a net current liability of approximately HKD 15.1 million as of March 31, 2022, down from HKD 55.1 million in the previous year[25]. - The group’s cash and bank balances increased to approximately HKD 21.9 million as of March 31, 2022, compared to HKD 3.7 million in the previous year[25]. Share Placement and Capital Management - The company successfully completed a placement of new shares in March 2022 to enhance liquidity, supported by shareholders[10]. - Following the completion of Placement 1 on April 30, 2021, the total amount raised was approximately HKD 41.28 million, with a net amount of about HKD 40.80 million[43]. - Placement 2 was completed on March 28, 2022, raising approximately HKD 13.26 million, with a net amount of about HKD 13.05 million[58]. - The proceeds from Placement 2 are intended for general working capital[58]. Corporate Governance - The company has appointed Mr. Tong and Mr. Li as independent non-executive directors, enhancing the board's expertise in financial management and corporate governance[65]. - The board consists of 5 members, including 2 executive directors and 3 independent non-executive directors, ensuring compliance with GEM listing rules regarding board composition[76]. - The company has adopted a code of conduct for directors' securities trading, adhering to the standards set by GEM listing rules[75]. - The board is committed to high standards of corporate governance, focusing on transparency, accountability, and fairness to enhance long-term shareholder value[70]. - The company has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, with a majority of independent non-executive directors[92]. Risk Management - The company has engaged external consultants to review its risk management and internal control systems, with no significant deficiencies found[124]. - The risk management system is designed to manage rather than eliminate risks that may prevent the achievement of business objectives[123]. - The board is responsible for the annual review of the effectiveness of the group's risk management and internal control systems[114]. - The company has implemented procedures for identifying, assessing, and managing significant risks, including regular monitoring and reporting to management and the board[122]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes sustainable business practices and has set environmental goals aligned with the Chinese government's carbon neutrality vision[141]. - The environmental, social, and governance (ESG) report outlines the company's initiatives and performance in these areas for the fiscal year ending March 31, 2022[147]. - The company has established a framework for identifying and managing ESG-related risks and opportunities, with regular assessments by the board[141]. - The total greenhouse gas emissions increased from approximately 110.45 tons of CO2 equivalent in 2021 to about 154.81 tons of CO2 equivalent in the current year, representing a 40.16% increase due to the recovery of business activities post-COVID-19[179]. Gender Diversity and Inclusion - The company aims to appoint at least one qualified female director by December 31, 2024, to comply with GEM listing rules, as currently, there are no female members on the board[112]. - The company conducts annual reviews of its senior management's gender composition and will take appropriate measures to enhance gender balance as needed[112]. - As of March 31, 2022, the gender ratio among employees is approximately 16 males to 99 females, indicating a significant gender imbalance[112].

Financial Performance - The company's revenue for the third quarter of 2021 was HKD 12,147,000, a decrease of 10.2% compared to HKD 13,530,000 in the same period of 2020[5] - Gross profit for the third quarter was HKD 9,363,000, down 13.3% from HKD 10,807,000 year-on-year[5] - The company reported a net loss attributable to shareholders of HKD 2,775,000 for the third quarter, compared to a profit of HKD 1,830,000 in the same quarter of 2020[5] - For the nine months ended December 31, 2021, total revenue was HKD 36,980,000, a decline of 8.5% from HKD 40,521,000 in the previous year[5] - The company recorded revenue of approximately HKD 37.0 million for the nine months ended December 31, 2021, a decrease of about 8.6% from HKD 40.5 million in the same period of 2020 due to weakened consumer sentiment caused by the COVID-19 pandemic[34] - Revenue from the sale of women's lingerie and related products was HKD 31.3 million for the nine months ended December 31, 2021, compared to HKD 35.8 million for the same period in 2020, reflecting a decline of approximately 15.0%[17] - The gross profit margin decreased from approximately 80.0% for the nine months ended December 31, 2020, to about 75.1% for the same period in 2021, a reduction of approximately 6.1%[35] - The company reported a total comprehensive loss of HKD 2,795,000 for the third quarter, compared to a comprehensive income of HKD 1,648,000 in the same period of 2020[5] - The company reported a loss attributable to owners of approximately HKD 0.9 million for the nine months ended December 31, 2021, compared to a profit of approximately HKD 7.9 million for the same period in 2020, primarily due to increased employee and marketing costs, as well as a decrease in government subsidies and rent concessions related to COVID-19[39] Expenses and Costs - The company incurred total operating expenses of HKD 21,038,000 for the nine months, compared to HKD 19,878,000 in the same period of 2020, reflecting an increase of 5.8%[5] - Sales expenses increased from approximately HKD 13.3 million for the nine months ended December 31, 2020, to approximately HKD 16.1 million for the same period in 2021, primarily due to increased marketing expenses and a net decrease in depreciation of right-of-use assets[36] - Administrative and other operating expenses decreased from approximately HKD 15.5 million for the nine months ended December 31, 2020, to approximately HKD 13.8 million for the same period in 2021, mainly due to increased employee costs and a net decrease in depreciation of property, plant, and equipment[36] - Income tax expenses decreased from approximately HKD 1.2 million for the nine months ended December 31, 2020, to approximately HKD 0.3 million for the same period in 2021[37] Shareholder Information - Global Succeed Group Limited holds 170,000,000 shares, representing 32.19% of the company's issued share capital as of December 31, 2021[45] - Waichun Logistics Technology Limited holds 81,125,000 shares, representing 15.36% of the company's issued share capital as of December 31, 2021[45] - The company has not granted any share options under the share option scheme as of the report date[53] Corporate Governance - The company has complied with all corporate governance codes as per GEM Listing Rules, except for the separation of roles between the chairman and the chief executive officer[55] - The company has adopted a code of conduct for directors regarding securities trading, and no violations were reported during the nine months ended December 31, 2021[56] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2021[57] - The financial data in the report has not been audited by the company's auditors, but the audit committee has reviewed the unaudited consolidated results and confirmed compliance with applicable accounting standards[58] - The audit committee consists of independent non-executive directors, ensuring oversight of the financial reporting process and internal controls[58] Future Plans and Strategies - The company plans to continue expanding its market presence in Hong Kong and mainland China, focusing on the design and manufacturing of women's lingerie products[10] - The company is exploring new product development opportunities to enhance its competitive edge in the market[10] - The company plans to continue implementing cost control measures and improve product quality and design to meet changing customer demands[33] - The company aims to expand its sales and marketing channels in China and Hong Kong through partnerships for developing e-commerce platforms[33] - The company will restructure and appropriately expand its physical store network in Hong Kong and China markets[33] Earnings Per Share - Basic and diluted loss per share for the third quarter was HKD (0.53), compared to earnings of HKD 0.38 per share in the same quarter of the previous year[5] - The company reported a basic loss per share of HKD 2,775 for the three months ended December 31, 2021, compared to a profit of HKD 1,830 in the same period of 2020[24] Name Change - The company’s name was changed from "心心芭迪貝伊集團有限公司" to "海納星空科技集團有限公司" during the review period[32] Taxation - The estimated taxable profits for Hong Kong profits tax were calculated at a tiered rate of 8.25% for the first HKD 2 million and 16.5% for the excess[19]

Financial Performance - For the six months ended September 30, 2021, the company reported total revenue of HKD 24,833,000, a decrease of 8.0% compared to HKD 26,991,000 for the same period in 2020[7] - Gross profit for the same period was HKD 18,403,000, down 14.0% from HKD 21,608,000 year-on-year[7] - The company's net profit attributable to owners for the six months was HKD 1,875,000, a decline of 68.8% from HKD 6,020,000 in the previous year[7] - Basic earnings per share for the six months was HKD 0.36, compared to HKD 1.25 for the same period in 2020[7] - The group reported a basic earnings per share of HKD 1,875 for the six months ended September 30, 2021, compared to HKD 6,020 for the same period in 2020, indicating a decrease of approximately 68.9%[36] - The group reported a total comprehensive income of HKD 1,434 thousand for the six months ended September 30, 2021, compared to HKD 5,226 thousand for the same period in 2020[13] - The group's revenue for the six months ended September 30, 2021, was approximately HKD 24.8 million, a decrease of about 8.1% compared to HKD 27.0 million for the same period in 2020 due to weakened retail sales caused by the COVID-19 pandemic[55] Assets and Liabilities - As of September 30, 2021, total non-current assets amounted to HKD 30,330,000, a decrease from HKD 41,003,000 as of March 31, 2021[9] - Current assets were reported at HKD 31,394,000, down from HKD 67,155,000 at the end of the previous fiscal year[9] - The company’s total liabilities as of September 30, 2021, were HKD 86,497,000, slightly up from HKD 86,078,000 at the end of March 2021[9] - Total assets decreased by HKD 24,773 thousand, with net assets at HKD 22,080 thousand as of September 30, 2021[11] - As of September 30, 2021, the group's current liabilities net value was approximately HKD 18.9 million, a decrease from approximately HKD 55.1 million as of March 31, 2021[61] - The group's debt-to-equity ratio as of September 30, 2021, was 130%, compared to zero as of March 31, 2021[63] Cash Flow and Financing - Cash and cash equivalents increased to HKD 28,035 thousand as of September 30, 2021, up from HKD 4,023 thousand a year earlier[16] - Operating cash flow was negative at HKD 16,842 thousand for the six months ended September 30, 2021, compared to positive cash flow of HKD 9,457 thousand in the same period of 2020[16] - The company raised HKD 41,280 thousand through the issuance of new shares, netting expenses of HKD 292 thousand[13] - The company’s financing activities generated a net cash inflow of HKD 40,988 thousand for the six months ended September 30, 2021, compared to an outflow of HKD 7,575 thousand in the same period of 2020[16] Operational Highlights - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming quarters[7] - The company is actively exploring new strategies for growth, including potential mergers and acquisitions to enhance its competitive position[7] - The company entered into a strategic cooperation framework agreement with Guangdong Baishi Zhengda Network Technology Co., Ltd. on October 19, 2021, to establish an e-commerce platform for selling women's underwear and related products[67] - The company plans to expand into artificial intelligence applications, big data analysis, and cloud storage services due to increasing demand in Hong Kong and China[68] Employee and Operational Costs - Total employee costs for the three months ended September 30, 2021, were HKD 5,530,000, up from HKD 4,706,000 in the same period of 2020, reflecting a year-on-year increase of about 17.5%[29] - The depreciation expense for property, plant, and equipment for the six months ended September 30, 2021, was HKD 1,159,000, down from HKD 1,650,000 in the same period of 2020, indicating a decrease of approximately 29.8%[29] - The cost of sales for the six months ended September 30, 2021, was approximately HKD 6.4 million, an increase of about 18.5% from HKD 5.4 million in the same period of 2020, primarily due to increased depreciation of right-of-use assets[56] Shareholder Information - As of September 30, 2021, Global Succeed Group Limited holds 200,000,000 shares, representing 37.87% of the company's issued share capital[80] - Waichun Logistics Technology Limited holds 112,125,000 shares, representing 21.24% of the company's issued share capital as of September 30, 2021[80] - The company has not granted any share options under the share option scheme as of the report date[87] - The company's ordinary shares will change from 5,000 shares to 2,500 shares per board lot effective from October 28, 2021[70] Governance and Compliance - The company has complied with the GEM Listing Rules on corporate governance, except for the separation of roles between the chairman and the CEO[89] - The audit committee reviewed the unaudited condensed consolidated results for the six months ended September 30, 2021, and found them compliant with applicable accounting standards and GEM listing rules[95] - The audit committee consists of independent non-executive directors, including Mr. Deng Guohong, Mr. Deng Yaoki, and Mr. Tong Zhu[93] Miscellaneous - The group did not recommend any dividend for the three months and six months ended September 30, 2021, consistent with the same periods in 2020[32] - The group has no plans for significant investments or capital assets beyond what is disclosed in the prospectus[74] - The group has no foreign exchange hedging policy and considers its foreign exchange risk to be very low as of September 30, 2021[75] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the six months ended September 30, 2021[92] - The financial data in the report has not been audited by the company's auditors[93] - The group had cash and cash equivalents of approximately HKD 28 million as of September 30, 2021, significantly up from approximately HKD 3.7 million as of March 31, 2021[61] - The group reported a net exchange loss of HKD 561,000 for the six months ended September 30, 2021, compared to a loss of HKD 366,000 in the same period of 2020, which is an increase of about 53.3%[29] - The group purchased property, plant, and equipment amounting to approximately HKD 211,000 for the six months ended September 30, 2021, compared to approximately HKD 339,000 in the same period of 2020, representing a decrease of about 37.8%[41] - Trade receivables as of September 30, 2021, were HKD 297,000, down from HKD 405,000 as of March 31, 2021, indicating a decrease of approximately 26.7%[42] - Trade payables increased to HKD 401,000 as of September 30, 2021, from HKD 270,000 as of March 31, 2021, reflecting an increase of about 48.5%[45]

Financial Performance - Revenue for the three months ended June 30, 2021, was HKD 13,018,000, a decrease of 6.6% compared to HKD 13,939,000 for the same period in 2020[4] - Gross profit for the same period was HKD 10,173,000, down 12.0% from HKD 11,562,000 year-on-year[4] - The company reported a net profit attributable to owners of HKD 655,000, a significant decline of 81.8% from HKD 3,588,000 in the previous year[4] - Basic and diluted earnings per share were both HKD 0.13, compared to HKD 0.75 for the same period last year, reflecting a decrease of 82.7%[4] - Other income decreased to HKD 448,000 from HKD 1,611,000, indicating a decline of 72.1%[4] - The company's profit attributable to owners was approximately HKD 0.7 million for the three months ended June 30, 2021, down from approximately HKD 3.6 million for the same period in 2020, mainly due to increased employee costs and reduced government subsidies[32] - Income tax expenses decreased from approximately HKD 274,000 for the three months ended June 30, 2020, to approximately HKD 174,000 for the same period in 2021, a reduction of about HKD 100,000[31] Sales and Market Performance - Sales of women's lingerie and related products accounted for HKD 10,101,000, down 10.2% from HKD 11,250,000 in the prior year[14] - The company recorded revenue of approximately HKD 13.0 million for the three months ended June 30, 2021, a decrease of about 6.5% compared to HKD 13.9 million for the same period in 2020, primarily due to weak retail sales caused by the COVID-19 pandemic[27] - The board remains cautiously optimistic about the local retail market gradually recovering from the current challenges posed by the COVID-19 pandemic[26] Cost Management and Operational Efficiency - Administrative and other operating expenses were HKD 4,698,000, a decrease of 9.6% compared to HKD 5,196,000 in the previous year[4] - Selling expenses increased from approximately HKD 4.5 million for the three months ended June 30, 2020, to approximately HKD 5.0 million for the same period in 2021, primarily due to increased marketing expenses for promotional activities[30] - Administrative expenses decreased from approximately HKD 5.2 million for the three months ended June 30, 2020, to approximately HKD 4.7 million for the same period in 2021, mainly due to reduced depreciation of right-of-use assets[30] - The financial results reflect ongoing challenges in the market, with a focus on cost management and operational efficiency to improve profitability moving forward[4] - The company aims to continue improving operational efficiency and maintaining cost control measures to enhance profitability and core competitiveness[26] Corporate Governance and Compliance - The audit committee has reviewed the unaudited condensed consolidated results for the three months ended June 30, 2021, ensuring compliance with applicable accounting standards[54] - The company has complied with GEM Listing Rules regarding the composition of the audit committee and remuneration committee after appointing a qualified independent non-executive director[50] - The company has maintained compliance with the GEM Listing Rules regarding the number of independent non-executive directors after the appointment of a new director[50] - The company is committed to adopting best corporate governance practices and has adhered to the corporate governance code as per GEM Listing Rules[47] - The company has not identified any conflicts of interest among its directors or controlling shareholders during the reporting period[45] Future Plans and Commitments - The company plans to continue expanding its market presence in Hong Kong, Macau, and mainland China, focusing on the design and manufacturing of women's lingerie products[9] - The company remains committed to enhancing its product offerings and exploring new technologies in lingerie design and manufacturing[9] - The company did not recommend the payment of dividends for the three months ended June 30, 2021, consistent with the same period in 2020[18] - The company completed a placement of 48,000,000 new shares at a price of HKD 0.86 per share on April 30, 2021, to enhance its capital base[34] Shareholding Structure - The company reported a total of 210,000,000 shares held by Global Succeed, representing 39.77% of the issued share capital[39] - Waichun Logistics holds 110,000,000 shares, accounting for 20.83% of the company's issued share capital[41] - Following a placement, Waichun Logistics' shareholding was diluted from approximately 22.92% to about 20.83%[42] - The company has not granted any stock options under the stock option plan as of the report date[44] Securities Transactions - No purchases, sales, or redemptions of the company's listed securities occurred during the three months ended June 30, 2021[52]

Financial Performance - The group recorded a profit attributable to owners for the year ended March 31, 2021, despite challenges posed by the COVID-19 pandemic[33]. - The group's revenue for the year ended March 31, 2021, was approximately HKD 53.4 million, a decrease of about 14.6% compared to HKD 62.5 million for the year ended March 31, 2020, primarily due to weak retail sales caused by the COVID-19 pandemic in Hong Kong[36]. - The cost of sales decreased to approximately HKD 11.2 million, down about 51.7% from HKD 23.2 million in the previous year, attributed to effective cost control measures and inventory management[37]. - Gross profit increased by approximately 7.1% to about HKD 42.2 million from approximately HKD 39.4 million in the previous year[37]. - The group recorded a profit before tax of approximately HKD 4.4 million for the year ended March 31, 2021, compared to a loss of about HKD 46.8 million for the year ended March 31, 2020[40]. - The net loss attributable to the company's owners decreased to approximately HKD 3.7 million for the year ended March 31, 2021, from a loss of about HKD 46.8 million in the previous year[43]. Operational Efficiency and Strategy - The company aims to enhance operational efficiency and strengthen cost control measures moving forward[34]. - The group will continue to optimize existing resources to improve profitability and core competitiveness[34]. - The company completed a placement of new shares on April 30, 2021, and will cautiously seek potential business opportunities to create higher value for shareholders[34]. - The company has ceased operations of a non-profit retail store in Tseung Kwan O to improve efficiency[33]. - The company is committed to enhancing inventory management and reducing production capacity in response to market conditions[33]. Market Conditions and Challenges - The COVID-19 pandemic significantly disrupted the local retail market, particularly during peak seasons like spring and Christmas[32]. - The board remains cautiously optimistic about the recovery of the local retail market as vaccination programs are implemented[34]. - The group is actively negotiating with suppliers and business partners to implement mitigation measures[33]. Corporate Governance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, ensuring transparency and accountability[70]. - As of March 31, 2021, the company did not comply with GEM Listing Rules regarding the minimum number of independent non-executive directors, which was less than the required number[72]. - The company appointed a qualified independent non-executive director on June 18, 2021, thus meeting the GEM Listing Rules requirements thereafter[73]. - The board of directors is responsible for overseeing the company's overall strategy, business performance, and risk management systems[76]. - The company has a strong focus on internal controls to protect shareholder interests and enhance long-term shareholder value[70]. Board Structure and Diversity - The company has a diverse board with members possessing extensive experience in finance, management, and consulting[66][67]. - The company emphasizes the separation of roles between the chairman and the chief executive officer to enhance governance[71]. - The board consists of 5 members, including 2 executive directors and 3 independent non-executive directors[77]. - The company emphasizes the importance of board diversity, considering various factors such as gender, age, and professional experience in its selection process[102]. - The company is committed to maintaining a balanced diversity among board members to meet business needs and development plans[102]. Risk Management and Compliance - The board is responsible for maintaining effective risk management and internal control systems, with an annual review of their adequacy and effectiveness[111]. - The company has implemented measures to identify, assess, and manage significant risks, including risk identification, assessment, response, and monitoring[108][109][110]. - The board has taken steps to ensure compliance with legal and regulatory requirements, including providing adequate training to employees[105]. - The company has engaged external consultants to review its internal control systems and provide recommendations for improvement[113]. - The company has established a Compliance Committee to oversee all compliance matters and ensure proper approval of significant acquisitions and transactions[105]. Environmental, Social, and Governance (ESG) Initiatives - The company has established a governance framework to oversee its environmental, social, and governance (ESG) strategies, ensuring effective risk management and internal controls[125]. - The company has identified key performance indicators (KPIs) related to its ESG initiatives, which are reported to stakeholders[126]. - The company aims to minimize its negative environmental impact and seeks eco-friendly operational methods[139]. - The company has implemented a stakeholder engagement process to gather feedback and improve its ESG performance[132]. - The company focuses on community investment in education, social welfare, and environmental protection, committing to social responsibility[196]. Employee Management and Welfare - The company has implemented health and safety measures in response to COVID-19, including temperature checks and mandatory mask-wearing for employees and customers[181]. - The company emphasizes a zero-tolerance policy towards discrimination in the workplace, promoting an inclusive work culture[171]. - The company emphasizes the importance of employee training and performance evaluation, providing regular training programs including onboarding, skills training, and quality training[182]. - Competitive compensation and benefits are provided, including performance bonuses and flexible leave arrangements, to enhance employee retention[174]. - The overall employee turnover rate for the year was 26%, with 31% of those leaving being aged 19-60 and 17% aged 60 or above[170]. Environmental Impact and Sustainability - The company has not reported any significant violations of environmental regulations regarding emissions and waste management during the fiscal year[139]. - The company encourages employees to adopt paperless practices to reduce paper usage and promotes energy-saving measures in its operations[140]. - The company's nitrogen oxide emissions increased from 5.84 kg in 2020 to 8.88 kg in 2021, representing a 52.4% increase[142]. - Total greenhouse gas emissions decreased by approximately 33% from about 165.21 tons of CO2 equivalent in 2020 to about 110.46 tons in 2021[149]. - Total energy consumption decreased by approximately 34% from about 311,983.00 kWh in 2020 to about 206,374.76 kWh in 2021[159].

Financial Performance - Revenue for the third quarter of 2020 was HKD 13,530,000, a decrease of 6.5% compared to HKD 14,468,000 in the same period of 2019[4] - Gross profit for the nine months ended December 31, 2020, was HKD 32,415,000, down 7.6% from HKD 35,081,000 in the previous year[4] - The company reported a net profit attributable to owners of HKD 1,830,000 for the third quarter, compared to a loss of HKD 2,556,000 in the same quarter of 2019[4] - Basic earnings per share for the third quarter was HKD 0.38, recovering from a loss of HKD 0.53 in the previous year[4] - Total comprehensive income for the nine months was HKD 6,874,000, compared to a loss of HKD 8,700,000 in the same period of 2019[4] - The company recorded revenue of approximately HKD 40.5 million for the nine months ended December 31, 2020, a decrease of about 14.6% compared to HKD 47.4 million for the same period in 2019, primarily due to the impact of the COVID-19 pandemic and related retail sales weakness[25] - The company reported a profit attributable to owners of approximately HKD 7.9 million for the nine months ended December 31, 2020, compared to a loss of approximately HKD 8.7 million in the same period of 2019, primarily due to effective cost control measures and government subsidies[30] Cost Control and Expenses - Operating expenses decreased to HKD 13,332,000 for the nine months, down from HKD 19,760,000 in the previous year, reflecting a cost control strategy[4] - Sales expenses decreased from approximately HKD 19.7 million for the nine months ended December 31, 2019, to about HKD 13.3 million for the same period in 2020, mainly due to reduced employee costs and marketing expenses[28] - Administrative and other operating expenses fell from approximately HKD 24.5 million for the nine months ended December 31, 2019, to about HKD 15.5 million for the same period in 2020, primarily due to decreases in employee costs and legal fees[28] - The company maintained effective control over sales, administrative, and other operating expenses, contributing to the improved financial performance[30] Market Strategy and Expansion - The company plans to expand its market presence in Hong Kong, Macau, and mainland China, focusing on women's lingerie products and beauty services[9] - Market expansion efforts have led to a presence in G new countries, targeting a potential user base increase of H%[52] - The company is exploring acquisition opportunities in the sector to strengthen its market position[52] - Strategic partnerships are being formed to enhance distribution channels, expected to increase sales by I%[52] Compliance and Governance - The company has implemented adjustments in accordance with the Hong Kong Financial Reporting Standards, impacting the financial results[10] - The company has adopted all new and revised Hong Kong Financial Reporting Standards effective from April 1, 2020, with no significant impact on the unaudited condensed consolidated financial statements[14] - The audit committee has reviewed the unaudited condensed consolidated results for the nine months ended December 31, 2020, ensuring compliance with applicable accounting standards and GEM listing rules[48] - The company has adhered to the corporate governance code as stipulated in the GEM listing rules, with no deviations reported[43] - The company continues to focus on maintaining best practices in corporate governance and compliance with relevant regulations[43] Future Outlook - The company continues to monitor the developments of the COVID-19 pandemic and its impact on profitability and financial position[24] - The company aims to enhance operational efficiency and strengthen cost control measures during the ongoing challenges posed by the pandemic[24] - Overall, the company remains optimistic about future growth, citing strong demand trends in the market[52] - The company provided guidance for Q4 2020, expecting revenue to be in the range of $B million to $C million, indicating a growth of D%[52] - New product launches are anticipated to contribute an additional $E million in revenue in the next quarter[52] - The company is investing $F million in R&D for new technologies aimed at enhancing user experience[52] Shareholding and Equity - As of December 31, 2020, Global Succeed Group Limited held 250,000,000 shares, representing 52.08% of the company's issued share capital[34] - Waichun Logistics Technology Limited owned 110,000,000 shares, accounting for 22.92% of the company's issued share capital[34] - The company has not granted any share options under the share option scheme adopted on June 19, 2017, as of the report date[41] Tax and Dividends - The estimated tax expense for the nine months ended December 31, 2020, was approximately HKD 1.2 million, an increase from about HKD 100,000 for the same period in 2019[29] - The company did not recommend any dividend distribution for the nine months ended December 31, 2020, consistent with the same period in 2019[18] User Engagement - User data showed an increase in active users to Z million, up A% year-over-year[52] - The company reported a net profit margin of J%, reflecting improved operational efficiency[52]