Financial Performance - The group reported a revenue of HKD 41.2 million for the fiscal year ending March 31, 2024, with a gross profit of approximately HKD 30.1 million, resulting in a gross margin of about 73.1%[9] - The company incurred a loss of approximately HKD 27.2 million during the year and has proposed not to declare a final dividend for the fiscal year[9] - For the fiscal year ending March 31, 2024, the group's revenue from women's lingerie products was approximately HKD 38.8 million, a decrease of about 9.3% compared to the previous fiscal year[17] - Total revenue decreased from approximately HKD 44.7 million for the year ending March 31, 2023, to approximately HKD 41.2 million, primarily due to weak retail sales in women's lingerie products driven by soft consumer sentiment in Hong Kong[17] - The group's cost of sales for the fiscal year was approximately HKD 11.0 million, a reduction of about 20.9% from approximately HKD 13.9 million in the previous year[19] - Gross profit decreased by approximately 2.3% from about HKD 30.8 million to approximately HKD 30.1 million for the same period[19] - Selling expenses decreased from approximately HKD 23.6 million to about HKD 20.2 million, mainly due to reduced employee costs and depreciation related to leased retail store assets[20] - The group recorded a pre-tax loss of approximately HKD 27.0 million for the fiscal year, an improvement from a pre-tax loss of approximately HKD 34.7 million in the previous year[22] - The net loss for the fiscal year was approximately HKD 27.2 million, compared to a net loss of approximately HKD 34.7 million for the year ending March 31, 2023[24] Market Conditions and Strategy - The retail market in Hong Kong is expected to remain challenging in the short term due to ongoing weak retail sentiment and external pressures[10] - The company plans to focus resources on women's functional lingerie and health management, aiming to strengthen its local business and expand into the mainland Chinese market[10] - The group intends to develop a health product and service system based on traditional Chinese medicine, targeting chronic disease treatment and health management[10] - The company will continue to monitor market trends and adjust its business strategies accordingly to enhance overall operational efficiency[10] Cost Control and Operational Efficiency - Cost control measures have been implemented, including the closure of underperforming lingerie stores and the cessation of non-core influencer agency services[9] - The group aims to enhance operational efficiency and profitability while focusing on the development of health-related businesses to generate additional returns and expand the revenue base[16] Assets and Liabilities - As of March 31, 2024, the group's total assets decreased by approximately HKD 34.0 million to about HKD 59.4 million (2023: approximately HKD 93.4 million) [37] - The group's total liabilities decreased by approximately HKD 11.7 million to about HKD 68.5 million (2023: approximately HKD 80.2 million) [38] - The group's equity decreased by approximately HKD 22.3 million to a capital deficit of about HKD 9.1 million (2023: approximately HKD 13.2 million) [38] - As of March 31, 2024, the group's net current liabilities were approximately HKD 20.3 million (2023: approximately HKD 11.2 million) [39] - The group's cash and bank balance as of March 31, 2024, was approximately HKD 5.1 million (2023: approximately HKD 25.6 million) [39] Share Issuance and Capital Raising - The group issued a total of 26,314,500 new shares at a price of HKD 0.2 per share, raising approximately HKD 5.1 million for business development and general working capital [41] - The company completed a rights issue on August 19, 2022, issuing 270,000,000 shares at a subscription price of HKD 0.1 per share, raising a total of HKD 27.0 million[58] - The net proceeds from the rights issue, after expenses, amounted to approximately HKD 26.0 million, allocated for business expansion and general working capital[58] - A placement completed on March 20, 2023, involved the successful placement of 110,000,000 shares at a price of HKD 0.15 per share, raising approximately HKD 16.5 million[61] - The net proceeds from the placement were approximately HKD 16.2 million, intended for business expansion and general working capital[61] - The company completed Placement 2 on December 4, 2023, raising approximately HKD 5.3 million, with a net amount of HKD 5.1 million from the placement of 26,314,500 shares at a price of HKD 0.20 per share[65] - The intended use of the net proceeds from Placement 2 includes HKD 2.0 million for developing health-related businesses, HKD 1.6 million for enhancing women's lingerie product operations, and HKD 1.5 million for general working capital[66] - Placement 3 was completed on June 24, 2024, raising approximately HKD 4.2 million, with a net amount of HKD 4.0 million from the placement of 41,832,500 shares at a price of HKD 0.10 per share[69] - The intended use of the net proceeds from Placement 3 includes HKD 1.6 million for developing health-related businesses, HKD 0.8 million for enhancing women's lingerie product operations, and HKD 1.6 million for general working capital[70] Corporate Governance - The company has appointed Ms. Chen Lijun as CEO on July 31, 2023, and Mr. Zheng Sihu as Chairman since July 13, 2022[92] - The board consists of eight members, including five executive directors and three independent non-executive directors, ensuring at least one member has appropriate professional qualifications in accounting or finance[92] - The company has adhered to the corporate governance code during the fiscal year ending March 31, 2024, with some deviations noted[88] - The company emphasizes high standards of corporate governance to protect shareholder interests and enhance long-term shareholder value[87] - The board is responsible for overseeing the company's overall strategy and business performance, including financial performance and risk management systems[91] - The company has implemented a code of conduct for directors regarding securities trading, ensuring compliance with GEM listing rules[89] - Continuous professional development is mandatory for all directors to enhance their knowledge and skills, with participation in relevant seminars and training[94] - The company has a commitment to transparency, accountability, and fairness in its corporate governance practices[87] Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes the integration of sustainable business practices into daily operations, showcasing its commitment to environmental, social, and governance (ESG) initiatives[142] - The company has established an ESG working group responsible for collecting data and preparing ESG reports, which regularly reports to the board[153] - The board has decided to set environmental goals related to energy and water consumption, aligning with the Chinese government's carbon neutrality vision[152] - The company has successfully met its 5% reduction targets for water consumption density, achieving a density of 7.03 m³/employee by 2024[165] - The total greenhouse gas emissions decreased from 140.86 tons of CO2 equivalent in 2023 to 57.34 tons in 2024, marking a reduction of about 59%[169] - The company has implemented measures to optimize fuel consumption and reduce emissions, including route planning and regular vehicle maintenance[169] - The company has transformed its production base in Shenzhen into a warehouse, leading to a significant reduction in greenhouse gas emissions[172] - The company recognizes the risks posed by climate change and is actively managing these risks through its business continuity plans[194] Employee and Diversity Policies - The group emphasizes the importance of employees as essential assets for business success and growth, fostering a strong and cohesive workforce based on trust, respect, and a healthy work culture[197] - The group maintains a zero-tolerance policy towards any form of discrimination, ensuring that all talent management decisions are based solely on performance and equality[198] - The group is committed to creating a truly inclusive team that reflects the diversity of its customer base, recognizing the value brought by different perspectives and experiences[198]

Financial Performance - The group's revenue for the year ended March 31, 2024, was approximately HKD 41.2 million, a decrease of about 7.8% compared to HKD 44.7 million for the year ended March 31, 2023[2]. - The loss attributable to equity holders for the year ended March 31, 2024, was approximately HKD 27.2 million, compared to a loss of HKD 34.7 million for the year ended March 31, 2023[2]. - Gross profit for the year ended March 31, 2024, was HKD 30.1 million, slightly down from HKD 30.8 million in the previous year[4]. - Operating loss for the year ended March 31, 2024, was HKD 26.4 million, an improvement from an operating loss of HKD 28.3 million in the previous year[4]. - The group recorded other income of HKD 162,000 for the year ended March 31, 2024, a significant decrease from HKD 2.6 million in the previous year[4]. - The company reported a net loss before tax of HKD 26,982,000 for the year ending March 31, 2024[37]. - The group recorded a net loss of approximately HKD 27.2 million for the year ending March 31, 2024, compared to a net loss of approximately HKD 34.7 million for the previous year[132]. - Total revenue decreased from approximately HKD 44.7 million to approximately HKD 41.2 million, primarily due to weak retail sales of women's lingerie products[128]. - Sales of women's lingerie products amounted to approximately HKD 38.8 million, a decrease of about 9.3% compared to the previous fiscal year[128]. Assets and Liabilities - The group's total assets less current liabilities as of March 31, 2024, were HKD (7.5) million, compared to HKD 19.2 million in the previous year[13]. - The group's current liabilities and net liabilities as of March 31, 2024, were approximately HKD 20.3 million and HKD 9.1 million, respectively[19]. - The group had total assets of approximately HKD 59.4 million as of March 31, 2024, down from approximately HKD 93.4 million the previous year[134]. - Total liabilities decreased to approximately HKD 68.5 million from approximately HKD 80.2 million in the previous year[135]. - The net current liabilities amounted to HKD 20,288,000, compared to HKD 11,171,000 in the previous year[26]. - The group reported a loss of approximately 9.1 million HKD as of March 31, 2024, compared to total equity of approximately 13.2 million HKD in 2023, indicating a significant decrease in equity[79]. Cash Flow and Funding - The group has prepared cash flow forecasts considering available financial resources, ensuring sufficient funds to meet financial obligations in the next twelve months[20]. - The company plans to strengthen its capital base and liquidity by proposing a general mandate to issue new shares to obtain external funding for its operations and business development[19]. - The company plans to continue evaluating its capital structure through dividends, issuing new shares, and debt management strategies to balance its overall capital framework[120]. - The company will continue to monitor cash flow closely to ensure sufficient operational funding[136]. Cost Management - The company has implemented various cost control measures to reduce operating costs and increase revenue[30]. - Selling expenses reduced from approximately HKD 23.6 million to approximately HKD 20.2 million, mainly due to decreased employee costs and depreciation related to leased retail stores[129]. - The total employee cost for the group was approximately HKD 23.1 million, down from HKD 26.9 million in the previous year[154]. Shareholder Information - The board does not recommend the distribution of dividends for the year ending March 31, 2024[21]. - The company did not declare or pay any dividends during the year, consistent with the previous year[99]. - The company successfully placed 41,832,500 shares at a price of HKD 0.1 per share, raising approximately HKD 4.0 million after deducting issuance expenses of about HKD 0.2 million[109]. - The company successfully placed a total of 26,314,500 shares at a price of HKD 0.2 per share, raising approximately HKD 5.1 million for business development and general operating funds[138]. Governance and Compliance - The company has maintained compliance with corporate governance standards as per GEM listing rules, with no significant deviations reported[165]. - The audit committee has reviewed the consolidated financial statements for the year ending March 31, 2024, confirming compliance with applicable accounting standards[169]. - The company has established a code of conduct for directors regarding securities trading, ensuring compliance with GEM listing rules[167]. - The company will continue to review and update its corporate governance practices to ensure compliance with legal and business standards[165]. Operational Challenges - The company faced a challenging retail environment due to political, military, economic, and social uncertainties affecting local consumer sentiment[111]. - The group plans to focus on optimizing its product mix and strengthening cost control to stabilize growth amid a challenging retail environment[127]. - The company has identified significant uncertainty regarding its ability to continue as a going concern, dependent on achieving profitable operations and obtaining external funding[19]. Miscellaneous - The company has adopted new Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial position or performance for the current and prior periods[32]. - The group anticipates no significant impact on consolidated financial statements from the recent accounting standard revisions in the foreseeable future[49]. - The group has not early adopted any new or revised Hong Kong Financial Reporting Standards that are effective after April 1, 2023[48].

Financial Performance - For the six months ended September 30, 2023, the company reported revenue of HKD 19,268,000, a decrease of 10.8% compared to HKD 21,605,000 for the same period in 2022[8]. - The gross profit for the same period was HKD 13,437,000, down 7.8% from HKD 14,578,000 year-on-year[8]. - The company recorded a loss attributable to owners of HKD 12,357,000 for the six months ended September 30, 2023, compared to a loss of HKD 10,209,000 in the previous year, representing a 21.0% increase in losses[8]. - Basic loss per share for the six months was HKD 1.22, compared to HKD 1.48 for the same period in 2022, indicating a reduction in loss per share[8]. - The loss before tax for the six months ended September 30, 2023, was HKD 12,246,000, compared to a loss of HKD 10,209,000 for the same period in 2022, indicating a worsening of 19.9%[24]. - The company reported a net loss of HKD 12,618,000 for the six months ended September 30, 2023, compared to a net loss of HKD 11,123,000 for the same period in 2022[16]. - Revenue from women's lingerie products for the six months ended September 30, 2023, was HKD 18,059,000, a decrease of 15.5% from HKD 21,312,000 in the same period of 2022[24]. - Total revenue decreased from approximately HKD 21.6 million in the six months ended September 30, 2022, to approximately HKD 19.3 million in the same period of 2023, a decline of about 10.6%[54]. - Sales of women's lingerie products amounted to approximately HKD 17.6 million, a decrease of approximately 17.7% compared to the same period in 2022[54]. - Gross profit decreased by approximately 8.2% from about HKD 14.6 million in the six months ended September 30, 2022, to approximately HKD 13.4 million in the same period of 2023[55]. Assets and Liabilities - As of September 30, 2023, total assets were HKD 52,779,000, down from HKD 62,997,000 as of March 31, 2023[9]. - The company's cash and bank balances decreased significantly to HKD 10,631,000 from HKD 25,556,000 in the previous period[9]. - Non-current assets decreased to HKD 22,731,000 from HKD 30,398,000, reflecting a decline in property, plant, and equipment[9]. - Current liabilities totaled HKD 72,367,000, slightly down from HKD 74,168,000, indicating a stable liability position[10]. - Current liabilities net value increased to approximately HKD 19.6 million as of September 30, 2023, from approximately HKD 11.2 million as of March 31, 2023[59]. - The company's debt-to-equity ratio was zero as of September 30, 2023, compared to 70% as of March 31, 2023[61]. Cash Flow - Cash used in operating activities for the six months ended September 30, 2023, was HKD 7,505,000, an improvement from HKD 18,028,000 in the same period of 2022[14]. - Cash and cash equivalents at the end of the period were HKD 10,631,000, down from HKD 19,729,000 at the end of September 30, 2022[14]. - Cash and cash equivalents decreased to approximately HKD 10.6 million as of September 30, 2023, from approximately HKD 25.6 million as of March 31, 2023[59]. Expenditures and Investments - The company incurred a total expenditure of HKD 25,683,000 in unallocated income and expenses for the six months ended September 30, 2023[24]. - The company invested HKD 89,000 in property, plant, and equipment during the six months ended September 30, 2023[27]. - The company purchased property, plant, and equipment amounting to approximately HKD 89,000, significantly lower than HKD 1,847,000 in the previous year[41]. - The depreciation of property, plant, and equipment for the six months ended September 30, 2023, was HKD 732,000[27]. Future Strategies and Market Focus - The company is focusing on expanding its market presence and developing new technologies to enhance its product offerings in the future[8]. - Future strategies include enhancing operational efficiency and diversifying revenue sources, including entering the health industry[52]. Corporate Governance and Compliance - The company has established an audit committee to oversee financial reporting processes and internal controls, consisting of independent non-executive directors[88]. - The company has complied with the GEM Listing Rules and corporate governance codes, with no reported breaches as of September 30, 2023[84]. - The company has not identified any conflicts of interest among directors or major shareholders as of September 30, 2023[83]. - The company's financial information for the six months ended September 30, 2023, has been reviewed by the audit committee and complies with applicable accounting standards[89]. Shareholder Actions and Capital Raising - The group completed a rights issue on August 19, 2022, raising a total of HKD 27.0 million, with a net amount of approximately HKD 26.0 million allocated for business expansion and general working capital[72][73]. - The group completed a placement on March 20, 2023, raising approximately HKD 16.5 million, with a net amount of HKD 16.2 million intended for business expansion and general working capital[76][77]. - The company plans to raise up to HKD 40.0 million through the placement of up to 200,000,000 shares at HKD 0.20 per share, with net proceeds estimated at approximately HKD 39.7 million[92]. - The intended use of the net proceeds includes HKD 15.9 million for health business development, HKD 11.9 million for the lingerie product division, and HKD 11.9 million for general working capital[92]. Employee and Management Changes - As of September 30, 2023, the group had 67 full-time employees, a decrease from 114 on March 31, 2023[65]. - The group has appointed a new CEO, Ms. Chan Li-Chu, effective July 31, 2023[78].

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]