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 九 月 三 十 日 止 六 個 月 之 中 期 業 績 公 佈 海納星空科技集團有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公司及其 附屬公司（統稱「本集團」）截至二零二三年九月三十日止六個月之未經審核簡 明綜合財務業績。本公佈載列本集團截至二零二三年九月三十日止六個月之 中 期 報 告 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」）中有關中期業績初步公佈附載的資料之相關要求。 承董事會命 海納星空科技集團有限公司 主席兼執行董事 鄭思虎 香港，二零二三年十一月九日 於本公佈日期，執行董事為鄭思虎先生、趙之翹先生、 ...

Financial Performance - Revenue for Q1 2023 was HKD 9,832,000, a decrease of 13.9% compared to HKD 11,429,000 in Q1 2022[5] - Gross profit for Q1 2023 was HKD 7,471,000, down 11.7% from HKD 8,462,000 in the same period last year[5] - The company reported a loss before tax of HKD 5,423,000, compared to a loss of HKD 3,277,000 in Q1 2022, representing a 65.5% increase in losses[5] - Basic and diluted loss per share for Q1 2023 was HKD 0.54, slightly higher than HKD 0.52 in Q1 2022[5] - Total comprehensive loss for Q1 2023 was HKD 5,817,000, compared to HKD 3,727,000 in Q1 2022, indicating a 56.0% increase in comprehensive losses[5] - The loss attributable to owners of the company for the three months ended June 30, 2023, was approximately HKD 5.4 million, compared to a loss of approximately HKD 3.3 million for the same period in 2022[29] Revenue Sources - Revenue from the sale of women's lingerie products was HKD 6,980,000, a decrease of 22.3% from HKD 8,985,000 in Q1 2022[12] - The company generated HKD 622,000 in interest income from loan financing during the quarter, compared to no income in the same period last year[12] Equity and Share Information - The company’s total equity as of June 30, 2023, was HKD 7,395,000, down from HKD 13,212,000 as of March 31, 2023[6] - The weighted average number of ordinary shares for calculating basic and diluted loss per share increased from 630 million shares in 2022 to 1,010 million shares in 2023[20] Expenses - Sales expenses decreased from approximately HKD 6.0 million for the three months ended June 30, 2022, to approximately HKD 4.9 million for the same period in 2023[28] - Administrative expenses increased from approximately HKD 6.0 million in 2022 to approximately HKD 6.5 million in 2023, mainly due to increased depreciation of right-of-use assets and legal and professional fees[28] Dividends and Taxation - The company did not recommend the distribution of dividends for the three months ended June 30, 2023, consistent with the same period in 2022[16] - The company did not make any provisions for Hong Kong profits tax or China corporate income tax for the three months ended June 30, 2023, as there were no taxable profits[15] Corporate Governance and Compliance - The company has adopted all new and revised Hong Kong Financial Reporting Standards effective from January 1, 2023, ensuring compliance with updated regulations[11] - The company has adhered to the corporate governance code, with the role of CEO remaining vacant until July 31, 2023, when a new CEO was appointed[37] - The company has established an audit committee to oversee financial reporting processes and internal controls, ensuring compliance with applicable accounting standards[41] Future Plans - The company plans to continue expanding its online platform services and explore new product offerings in the lingerie market[8] - The company aims to diversify its business base by entering the health and wellness industry to increase revenue sources and enhance long-term returns for shareholders[24] - The company plans to closely monitor the economic and market conditions in China, Hong Kong, and Macau, and adjust its business strategies accordingly[24] Other Information - The company has not granted any stock options under the stock option plan as of the report date[34] - For the three months ended June 30, 2023, there were no conflicts of interest reported among directors or major shareholders[36] - There were no purchases, sales, or redemptions of the company's listed securities during the three months ended June 30, 2023[40]

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 六 月 三 十 日 止 三 個 月 之 第 一 季 度 業 績 公 佈 海納星空科技集團有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公司及其 附屬公司（統稱「本集團」）截至二零二三年六月三十日止三個月之未經審核簡 明綜合財務業績。本公佈載列本集團截至二零二三年六月三十日止三個月之 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」）中有關第一季度業績初步公佈附載的資料之相關要求。 承董事會命 海納星空科技集團有限公司 執行董事 鄭思虎 香港，二零二三年八月十日 於本公佈日期，執行董事為鄭思虎先生、陳驪珠女士、譚澤之先生及許學先生； 以及獨立非執行董事為佟 ...

Financial Performance - The group's revenue for the fiscal year ending March 31, 2023, was HKD 44.7 million, with a gross profit of approximately HKD 30.8 million, resulting in a gross margin of about 68.9%[8] - The group reported a loss of approximately HKD 34.7 million for the year[8] - The group's revenue for the year ended March 31, 2023, was approximately HKD 44.7 million, a decrease of about 4.1% from HKD 46.6 million for the previous fiscal year[16] - Gross profit decreased by approximately 10.7% to about HKD 30.8 million, down from HKD 34.5 million in the previous year[17] - The group recorded a loss before tax of approximately HKD 34.7 million, compared to a loss of HKD 18.7 million in the previous year[21] - Total assets decreased by approximately HKD 2.1 million to about HKD 93.4 million, down from HKD 95.5 million in the previous year[25] - Total liabilities decreased by approximately HKD 8.7 million to about HKD 80.2 million, down from HKD 88.9 million in the previous year[25] - The equity of the company increased by approximately HKD 6.6 million to about HKD 13.2 million[26] - The current liabilities net amount was approximately HKD 11.2 million, down from HKD 15.1 million in the previous year[27] - The debt-to-equity ratio as of March 31, 2023, was 70%, compared to 77% in the previous year[30] Operational Changes - The company plans to close 2 lingerie stores and 1 beauty service store to enhance overall operational efficiency due to a weak retail market[15] - The group has shifted from in-house lingerie production to outsourcing since December 2022 to save production costs and improve supply chain flexibility[15] - The company will continue to enhance its core product quality and optimize its product mix while strengthening marketing efforts and controlling costs[9] - The outlook for the consumer industry recovery is expected to take time, with the lingerie business anticipated to lag behind the overall market recovery[9] Business Development and Diversification - The company is developing a health management platform based on traditional Chinese medicine, focusing on chronic disease treatment and prevention, aiming to diversify its business foundation and increase revenue sources[9] - The company is focusing on developing its influencer agency services through online platforms[9] - The company has launched influencer agency services through online platforms, starting in January 2023, with expectations for this new business to become a major revenue source[42] - The company has also begun generating revenue from lending services, contributing to business diversification and increased income sources[42] - The company aims to enhance its operational efficiency and financial stability through strategic fundraising activities[43][45][47][49] - The company has successfully diversified its revenue streams through new business initiatives, including influencer agency services and lending[42] Corporate Governance - The company has adopted the corporate governance code as per GEM listing rules, ensuring transparency and accountability[64] - The company has not appointed a CEO since October 2017, with the role being collectively performed by the executive directors[64] - The board of directors emphasizes high standards of corporate governance to protect shareholder interests and enhance long-term shareholder value[63] - The company has a strong focus on internal controls and risk management to safeguard assets and ensure accurate financial reporting[63] - The independent non-executive directors have extensive experience in finance, accounting, and corporate governance, contributing to the board's effectiveness[56][57][59] - The company is committed to continuous review and updates of its governance practices to align with legal and business standards[64] - The company has established a code of conduct for directors' securities transactions, ensuring compliance with GEM listing rules[65] - The board consists of six members, including three executive directors and three independent non-executive directors[68] - The board held 19 meetings and one annual general meeting during the reporting period[73] - All independent non-executive directors confirmed their independence according to GEM Listing Rules[74] Risk Management and Compliance - The risk management and internal control systems are designed to ensure the protection of assets and compliance with relevant rules and regulations[93] - The company is committed to managing risks that may affect operational efficiency and achieving business objectives[93] - The audit committee reviewed the independent audit results conducted by external professional advisors during the period[80] - The company has established a compliance committee to oversee all compliance matters and ensure proper approval of significant acquisitions and transactions[99] - The audit committee confirmed that the consolidated financial statements for the year ended March 31, 2023, were prepared in accordance with applicable accounting standards and GEM listing rules[82] - The company has established a reporting mechanism for employees to confidentially raise concerns about misconduct[192] Environmental, Social, and Governance (ESG) Initiatives - The company has established an environmental policy to regulate emissions and minimize negative environmental impacts, focusing on eco-friendly operations[133] - The company reported no significant violations of air and greenhouse gas emissions regulations during the fiscal year ending March 31, 2023[133] - The company is committed to aligning its environmental goals with the Chinese government's carbon neutrality vision, enhancing its reputation[121] - The company has formed an Environmental, Social, and Governance (ESG) working group to collect data and prepare ESG reports, regularly reporting to the board[122] - The ESG report covers major business activities in Hong Kong, Macau, and Shenzhen, consistent with the previous year's report[118] - The company aims to enhance its ESG performance by identifying and prioritizing significant issues through stakeholder feedback[129] - The company has implemented effective management policies and internal control systems regarding ESG matters[131] Employee and Workplace Policies - The company has a policy of promoting internal talent before considering external recruitment, emphasizing merit-based promotions[165] - The company provides competitive compensation packages, including performance bonuses and medical insurance plans, to enhance employee retention[166] - The overall employee turnover rate for the year was approximately 32%, an increase from 28% in the previous year[161] - The company reported a total of 1 workplace injury resulting in a loss of 29 workdays, compared to 338 workdays lost due to injuries in the previous year[169] - The company has achieved zero work-related fatalities for three consecutive years, maintaining a strong focus on health and safety compliance[169] - The company has established various communication channels to understand employee needs and expectations, including satisfaction surveys and internal emails[167] - The group provided 56 hours of continuous professional development training for employees, averaging 0.64 hours per employee[173] Community Engagement and Social Responsibility - The group donated approximately HKD 500 to the Hong Kong Hereditary Breast Cancer Family Registry during the "Pink October" campaign, focusing on women's health[194] - The group has established community investment policies prioritizing education, social welfare, and women's health to address social issues[194] - The group has not reported any serious violations of child labor and forced labor laws during the year[174] - The group has implemented a zero-tolerance policy against unethical behavior, including fraud and bribery, with strict internal controls and training for all employees[190]

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]