Financial Performance - For the year ended March 31, 2024, the Group's revenue was approximately HK$722.7 million, representing an increase of approximately 371.8% from HK$153.2 million in the previous year[14]. - The Group's gross profit was approximately HK$83.8 million, an increase of approximately 32.4% from HK$63.3 million, with a gross profit margin of approximately 11.6% compared to 41.3% in the previous year[15][19]. - The net profit attributable to equity holders of the Company was approximately HK$55.3 million, up from HK$26.1 million in the previous year[23]. - As of March 31, 2024, the Group had cash and cash equivalents of approximately HK$47.5 million, an increase from HK$24.6 million in the previous year[8]. - The current ratio improved to approximately 1.87 from 0.96 in the previous year, indicating better liquidity[9]. - The Group's gearing ratio decreased to approximately 27.3% from 35.8%, reflecting a reduction in financial leverage[9]. - Administrative expenses decreased by approximately 13.5% to HK$24.5 million from HK$28.3 million in the previous year[10][22]. - Selling and distribution expenses increased by approximately 11.2% to HK$1.9 million from HK$1.7 million[20]. Operational Developments - The Company acquired a gold concentrates refinery to enhance revenue potential and diversify its business operations[16][30]. - The company has implemented a strategic growth and development plan starting in the fiscal year 2023/2024, acquiring a complete gold refinery production line in August 2023[63]. - The gold refinery has been in production since November 2023, contributing significantly to the company's revenue and profits, achieving early operational performance targets[63]. - The company is focusing on technical renovations to enhance mining and ore transportation capacity, as well as upgrading processing plants[47]. - The company aims to improve efficiency through new tailing management and reuse methods as part of its growth strategy[47]. - The end products now include gold and silver ingots along with several other mineral concentrates[63]. - The company anticipates that as it gains more experience with the refinery production line, its revenue and profit generation potential will further materialize[63]. - The group completed various mining development projects, including approximately 30,096 meters of tunnel excavation and 2,407 meters of slope excavation during the year[112]. - The estimated proved ore reserves as of March 31, 2024, were 3,985 kilotonnes at a grade of 5.40 grams per tonne, containing 21,473 kilograms of gold[115]. - The company aims to expand and diversify its business scope, including entering new sectors such as ecological rehabilitation for abandoned mines and overseas business expansion[111]. - The total expenditure for the group's ore mining operations during the year was approximately HK$21.3 million[113]. Environmental and Regulatory Compliance - The nationwide campaign for building green mines in China has led to stricter environmental regulations, potentially increasing operating costs and affecting production activities[138]. - The Group has a policy to protect natural and social environments and ensure compliance with applicable environmental standards[138]. - The Group has not faced any environmental claims, lawsuits, fines, or disciplinary actions during the Year[147]. - The Group's environmental policies focus on compliance with regulatory requirements and minimizing adverse environmental impacts from mining and production activities[169]. - The Group is committed to achieving carbon neutrality by 2060 and aims to control and gradually reduce greenhouse gas emissions in line with national strategies[169]. - The Group's operations are subject to increasingly stringent environmental regulations, which may lead to higher operational costs and temporary production interruptions[165]. Capital and Shareholder Information - The Company has a stock code of 8299 and is registered in Hong Kong[62]. - The principal bankers for the company are Shanghai Commercial Bank Limited[67]. - The company raised HK$43.8 million by issuing 310,638,298 new shares, approximately 5.19% of total shares, fully subscribed by King Tower Fund[69]. - As of March 31, 2024, the group had total staff costs of approximately HK$18.4 million, an increase from approximately HK$13.7 million in 2023[88]. - The company acquired a full set of gold refinery machines with a production capacity of up to 300 tons of gold concentrates per day for a total consideration of RMB160 million (approximately HK$175 million)[84]. - The Group completed a subscription for new shares in April 2024, with net proceeds intended to support ongoing technological upgrades and supplement operational capital[140]. - The Company issued convertible bonds amounting to HK$130,000,000 on August 16, 2023, with no conversions into shares as of March 31, 2024[152]. - The basic and diluted earnings per share for the year ended March 31, 2024, are approximately HK$0.0092 and HK$0.0075, respectively[186]. - The maximum potential dilution from the Convertible Bonds could result in the issuance of up to 1,130,434,783 new shares, representing approximately 18.88% of the existing issued share capital[177]. - The Company does not recommend the payment of any dividend for the year, maintaining a dividend of Nil for 2023[175]. - The Company has not engaged in any equity-linked agreements during the year, aside from those disclosed in the report[176]. - There were no purchases, sales, or redemptions of the Company's listed securities during the year[193]. - As of April 1, 2023, the total number of share options granted was 53,884,158, with 53,884,158 options exercised during the year[194]. - The total number of employees with share options is 9,792,000, with an exercise price of HK$0.088[194]. - For options granted on September 29, 2022, the exercise price was HK$0.252, with the first 30% exercisable after 3 years[197]. - For options granted on August 31, 2023, the exercise price was HK$0.117, with the first 30% exercisable after 3 years[197]. - The total number of options lapsed during the year was 53,884,158[194]. - The closing price of shares before the grant date on September 29, 2022, was HK$0.25[197]. - The closing price of shares before the grant date on August 31, 2023, was HK$0.116[197]. - The total number of options exercised by employees was 5,987,128[194]. - The vesting period for options is three years from the date of grant, valid for ten years[197]. Risk Management - The company acknowledges the risks associated with being listed on GEM, which may be more susceptible to high market volatility compared to the Main Board[49]. - The Group's financial health relies on sufficient cash flow and effective management of operational costs to meet financial obligations and growth targets[140]. - Significant capital expenditures are required for new exploration and sustained mine development, with risks associated with the reliability of newly found mineral reserves[134]. - The Group's diversification efforts aim to minimize investment risks inherent to mining operations and create new revenue sources through partnerships[162].

Financial Performance - The company's revenue for the year ended March 31, 2024, was HKD 722.725 million, a significant increase from HKD 153.195 million in the previous year, representing a growth of approximately 371%[5]. - The net profit attributable to the owners of the company for the year was HKD 76.041 million, compared to HKD 43.736 million in the previous year, reflecting a year-on-year increase of about 74%[3][8]. - The company reported a gross profit of HKD 83.829 million, up from HKD 63.309 million in the previous year, indicating a growth of around 32%[5]. - The gross profit for the fiscal year was approximately HKD 83.8 million, up about 32.4% from approximately HKD 63.3 million in the previous year, with a gross margin of approximately 11.6% compared to 41.3% in the previous year[45]. - The group's profit for the year was approximately HKD 76,000,000, compared to HKD 43,700,000 in 2023, with net profit attributable to equity holders of approximately HKD 55,300,000, up from HKD 26,100,000 last year[48]. - Earnings per share for the year were approximately HKD 0.92, compared to HKD 0.48 in 2023[50]. - The total comprehensive income for the year was approximately HKD 49,168,000, compared to HKD 14,142,000 last year[54]. - The pre-tax profit for the group was HKD 13,376,000 in 2024, up from HKD 10,794,000 in 2023, indicating an increase of about 24.5%[1]. - The basic earnings per share for 2024 was HKD 55,296,000, compared to HKD 26,109,000 in 2023, representing a growth of approximately 111%[2]. Expenses and Costs - The total expenses for the mining operations during the year were approximately HKD 21.3 million[9]. - The financing costs for the year were HKD 99.828 million, compared to HKD 31.606 million in the previous year, indicating a significant increase in financing expenses[5]. - The total expenditure for mining development and exploration activities for the year was approximately HKD 170,800,000 and HKD 12,300,000, respectively[58]. - Sales and distribution expenses for the year were approximately HKD 1.9 million, an increase of about 11.2% from approximately HKD 1.7 million in the previous year[46]. - The group's administrative expenses for the year were approximately HKD 24,500,000, a decrease of about 13.5% compared to last year's HKD 28,300,000[47]. - The company reported a total interest expense of HKD 6,367,000 in 2024, down from HKD 8,771,000 in 2023, a decrease of about 27.5%[1]. - Employee costs rose to HKD 18,362,000 in 2024, compared to HKD 13,673,000 in 2023, reflecting a growth of approximately 34.5%[2]. Assets and Liabilities - The estimated total resources and reserves as of March 31, 2024, included 6,150 thousand tons of ore with an average grade of 6.08 grams per ton, containing approximately 37,374 kilograms of gold[10]. - The company's capital debt ratio as of March 31, 2024, was approximately 27.3%, down from 35.8% in the previous year[27]. - As of March 31, 2024, the group held cash and cash equivalents of approximately HKD 47,500,000, up from HKD 24,600,000 in 2023, and net current assets of approximately HKD 174,600,000, compared to HKD 5,000,000 last year[52]. - The current ratio as of March 31, 2024, was approximately 1.87, compared to 0.96 in 2023[53]. - Trade receivables were approximately HKD 29.1 million, down from approximately HKD 41.1 million in the previous year[30]. - Trade receivables decreased to HKD 29,107,000 in 2024 from HKD 41,072,000 in 2023, a decline of approximately 29.1%[2]. - The net assets of the group increased to approximately HKD 506,651,000 from HKD 440,631,000 in the previous year[67]. Corporate Governance and Strategy - The company has adopted corporate governance principles focusing on a quality board and transparency to enhance shareholder value[16]. - The audit committee reviewed the financial statements for the year and held four meetings during the year to discuss financial reporting and risk management[19][21]. - The company plans to continue exploration in expanded licensed areas to increase current reserves and resources, enhance production capacity through ongoing technological upgrades, and identify potential acquisitions of mining and related assets[43]. - The group plans to expand and diversify its business scope, including entering new business areas such as downstream precious metal users and ecological restoration of abandoned mines[56]. - The company initiated an innovative tailings treatment method aimed at converting waste into reusable materials, contributing to sustainable operations and creating new revenue streams[56]. Shareholder Information - The company entered into a subscription agreement on March 22, 2024, to issue 310,638,298 new shares at a subscription price of HKD 0.141 per share, representing about 5.19% of the existing issued share capital[13]. - The company did not declare or propose any dividends for the years ending 2024 and 2023[2]. - The weighted average number of ordinary shares for calculating diluted earnings per share increased to 6,713,801,552 in 2024 from 5,429,308,681 in 2023[2]. Segment Performance - The group reported external customer revenue of HKD 722,725,000 for the gold mining segment, a significant increase from HKD 153,195,000 in the previous year, representing a growth of approximately 371%[83][90][92]. - Gross profit for the gold mining segment was HKD 83,829,000, compared to HKD 63,309,000 in the previous year, indicating an increase of about 32%[83][89]. - The total segment assets amounted to HKD 1,428,272,000, with the gold mining segment contributing HKD 1,403,581,000[83][89]. - The group incurred financing costs of HKD 13,376,000, which includes HKD 6,631,000 from the gold mining segment and HKD 6,745,000 from the corporate segment[83][89]. - Capital expenditures for the group totaled HKD 360,583,000, with HKD 359,687,000 allocated to the gold mining segment[83][89]. - The group identified three major customers contributing over 10% of total revenue, with the largest customer generating HKD 437,146,000 in revenue[90][91]. - The group’s non-current assets in China (excluding Hong Kong, Macau, and Taiwan) reached HKD 1,052,754,000, compared to HKD 786,634,000 in the previous year[85]. - The group’s operating expenses totaled HKD 26,410,000, with HKD 11,813,000 from the gold mining segment and HKD 14,597,000 from the corporate segment[83].

Financial Performance - Revenue for the three months ended September 30, 2023, was HK$31,801,000, a decrease of 13.9% compared to HK$36,855,000 in the same period of 2022[4] - Gross profit for the six months ended September 30, 2023, was HK$41,955,000, slightly down from HK$42,649,000 in the previous year, reflecting a gross margin of 49.4%[4] - Profit before tax for the three months ended September 30, 2023, was HK$3,236,000, down 68.9% from HK$10,399,000 in the same period of 2022[4] - The company reported a loss attributable to equity holders of HK$965,000 for the three months ended September 30, 2023, compared to a profit of HK$4,861,000 in the same period of 2022[6] - Total comprehensive loss for the period was HK$2,084,000, compared to a loss of HK$14,608,000 in the previous year[9] - Non-controlling interest profit for the six months ended September 30, 2023, was HK$7,137,000, down from HK$7,574,000 in the same period of 2022[6] - The company reported a profit for the period of HK$8,215, compared to HK$7,137 in the previous period, representing an increase of 15%[21] - Total comprehensive income for the period was a loss of HK$24,947, compared to a profit of HK$9,945 in the previous period[21] - The group reported a profit attributable to equity holders of HK$8,215,000 for the six months ended September 30, 2023, down from HK$10,709,000 in the same period last year[197] Cash Flow and Assets - Cash and cash equivalents as of September 30, 2023, were HK$18,572,000, down from HK$24,641,000 at the end of March 2023[12] - Trade receivables increased to HK$77,822,000 as of September 30, 2023, compared to HK$41,072,000 at the end of March 2023[12] - The company’s total non-current assets increased to HK$887,793,000 as of September 30, 2023, from HK$691,281,000 at the end of March 2023[12] - As of September 30, 2023, net current liabilities increased to HK$ (8,187) from HK$ (5,043) as of March 31, 2023[14] - Total assets less current liabilities rose to HK$ 927,711, up from HK$ 781,591[14] - Net assets decreased to HK$ 429,961 from HK$ 440,631, reflecting a decline of approximately 2%[14] - Borrowings increased to HK$ 327,201 from HK$ 302,966, indicating a rise of approximately 8%[14] - Reserves decreased to HK$ 353,865 from HK$ 374,480, a reduction of about 5.5%[14] - Non-controlling interest increased to HK$ 70,109 from HK$ 60,164, reflecting an increase of approximately 16%[14] Investment and Financing Activities - The net cash generated from operating activities was HK$9,755,000, compared to a cash outflow of HK$320,000 in the same period last year[96] - The net cash used in investing activities amounted to HK$220,753,000, with no comparable figure reported for the previous year[96] - The net cash generated from financing activities was HK$186,333,000, an increase from HK$48,304,000 in the prior year[96] - The company issued convertible bonds amounting to HK$130,000, which were not present in the previous financial period[14] Segment Performance - For the six months ended September 30, 2023, the Group reported revenue of HK$84,830,000 from external customers, with a segment profit of HK$24,686,000[146] - The Group's gross profit for the Gold Mining Division was HK$41,955,000, with operating expenses totaling HK$18,085,000[172] - The Gold Mining Division's revenue represented a significant portion of the Group's total revenue, highlighting its importance to overall performance[146] - Segment revenue from the PRC, excluding Hong Kong, was HK$84,830,000, up from HK$78,911,000 year-over-year[183] - Non-current assets in the PRC, excluding Hong Kong, increased to HK$935,898,000 from HK$770,240,000[183] Operational Insights - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[5] - The Group operates primarily in the People's Republic of China and Hong Kong, focusing on gold exploration and mining[159] - The Group's retained losses accumulated to HK$1,722,267,000, reflecting historical financial challenges[130] Other Information - The company has maintained a sufficient public float as of the date of the report[80] - No significant events occurred subsequent to September 30, 2023, up to the date of the report[81] - The unaudited interim financial statements were prepared in compliance with Hong Kong Accounting Standard 34[115] - The Group's depreciation and amortization expenses were HK$17,676,000 for the period[152] - The Group's financial costs totaled HK$4,749,000, impacting overall profitability[174] - Finance costs were HK$7,031,000, compared to HK$2,575,000 in the prior period[181] - Capital expenditure for the six months was HK$220,817,000, indicating ongoing investment in operations[177]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告 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 就因本公告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。 GRAND T G GOLD HOLDINGS LIMITED 大 唐 潼 金 控 股 有 限 公 司 * （於開曼群島註冊成立之有限公司） （股份代號：8299） (1)截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 中 期 業 績 公 告； (2)註 銷 購 股 權；及 (3)變 更 所 得 款 項 用 途 截至二零二三年九月三十日止六個月中期業績公告 大唐潼金控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」） 會（「董事會」）謹此公佈本集團截至二零二三年九月三十日止六個月之中期業 績。本公告載有本公司二零二三年中期報告全文，符合香港聯合交易所有限公 司GEM證券上市規則（「GEM上市規則」）有關年度業績初步公告附載之資料的 相關規定。 ...

Revenue and Profit Growth - Revenue for the three months ended 30 June 2023 increased to HK$53,029 thousand, up from HK$42,056 thousand in the same period last year, representing a growth of approximately 26.1%[8] - Revenue for the three months ended 30 June 2023 was approximately HK$53.0 million, representing a 26.1% increase from HK$42.1 million in the same period last year[121] - Gross profit for the three months ended 30 June 2023 was HK$25,052 thousand, compared to HK$22,780 thousand in the same period last year, reflecting an increase of approximately 10%[8] - Gross profit for the reporting period was approximately HK$25.1 million, a 10.0% increase from HK$22.8 million in the corresponding period last year[122] - Profit before tax for the three months ended 30 June 2023 was HK$16,701 thousand, up from HK$12,658 thousand in the same period last year, showing a growth of approximately 31.9%[8] - Profit for the period attributable to equity holders of the company was HK$9,180 thousand, compared to HK$5,848 thousand in the same period last year, representing an increase of approximately 57%[29] - Unaudited consolidated profit for the reporting period was approximately HKD 13.8 million, up from HKD 10.0 million in the same period last year[135] Financial Performance Metrics - Basic earnings per share for the three months ended 30 June 2023 were HK$0.15, slightly down from HK$0.16 in the same period last year[29] - Basic earnings per share for the reporting period was HK$0.15, compared to HK$0.16 in the same period last year[112] - Basic earnings per share for the reporting period was approximately HK cents 0.15, compared to HK cents 0.16 in the same period last year[130] - The Group's overall gross profit margin was approximately 47.2% for the reporting period, compared to 54.2% in the same period last year[122] - The Group's profit before tax included a cost of inventories sold of HK$27,977 thousand, compared to HK$19,276 thousand in the same period last year[100] - Staff costs, including directors' emoluments, amounted to HK$3,522 thousand, compared to HK$2,833 thousand in the corresponding period last year[100] - The Group's income tax expense was HK$2,916 thousand, compared to HK$2,633 thousand in the same period last year[106] - Finance costs for the reporting period were HK$1,927 thousand, compared to HK$4,479 thousand in the same period last year[118] Expenses and Costs - Selling and distribution expenses increased by 96.0% to approximately HK$1.3 million from HK$0.67 million in the corresponding period last year[123] - Sales and distribution expenses increased by 96.0% to approximately HKD 1,300,000 compared to HKD 670,000 in the same period last year[127] - Administrative and other expenses increased by 9.8% to approximately HK$5.7 million from HK$5.2 million in the same period last year[124] - Administrative and other expenses increased by 9.8% to approximately HKD 5,700,000 compared to HKD 5,200,000 in the same period last year[128] Comprehensive Loss and Exchange Differences - Total comprehensive loss for the period was HK$12,919 thousand, compared to HK$12,368 thousand in the same period last year[19] - Exchange differences arising from translation of financial statements of overseas subsidiaries resulted in a loss of HK$26,704 thousand, compared to HK$22,393 thousand in the same period last year[19] - Net profit for the period was HK$9.18 million, with a total comprehensive loss of HK$19.584 million due to exchange differences from overseas subsidiaries[31] - Foreign currency translation reserve decreased by HK$29,382,000 due to exchange differences from overseas subsidiaries[31] Equity and Reserves - Retained profit increased to HK$1,674,435,000, reflecting a positive shift from accumulated losses[31] - Share option reserve increased by HK$618,000 due to granted share options[31] - Non-controlling interest increased to HK$67,446,000, up from HK$60,163,000 at the start of the period[31] - Total equity at the end of the period stood at HK$428,329,000, compared to HK$440,630,000 at the beginning[31] Share Ownership and Options - Dr. Li Dahong holds a 0.40% beneficial ownership in the company with 23,948,516 shares[51] - Ms. Ma Xiaona holds a 0.35% beneficial ownership in the company with 20,954,950 shares[53] - Mr. Ma Qianzhou holds 4,029,354,894 shares, representing 67.30% of the issued shares, and his spouse holds 179,613,860 shares, representing 3.00% of the issued shares[67] - The company's directors, including Mr. Cheung Wai Hung, Mr. Guo Wei, and Mr. Lam Albert Man Sum, each hold 2,993,564 shares, representing 0.05% of the issued shares[59] - Total share options granted as of 30 June 2023 amounted to 89,247,286[195] - Share options granted to directors: Li Dahong (23,948,516), Ma Xiaona (20,954,950), Guo Wei (2,993,564), Lam Albert Man Sum (2,993,564), Cheung Wai Hung (2,993,564)[193] - Share options granted to employees in aggregate: 19,584,000 (granted on 24-5-22) and 5,987,128 (granted on 29-9-22)[197] - Exercise price for share options granted on 29-9-22 is HK$0.252 per share[193][197] - Exercise price for share options granted on 24-5-22 is HK$0.088 per share[197] - 30% of share options granted on 29-9-22 can be exercised 3 years after the grant date, another 30% in the subsequent year, and the remaining 40% after 5 years[198] - Share options granted on 24-5-22 can be exercised 3 years after the grant date[198] Strategic Development and Expansion - The Group entered into a sale and purchase agreement for the acquisition of a gold concentrates refinery production line with a capacity of up to 300 tons per day, expected to significantly increase revenues[155] - The Group plans to expand resources and reserves, increase mining and processing capacities, and acquire additional mining assets or business integrations as part of its strategic development plan[155] - The company has updated its strategic development plan and is ready to implement it starting from the 2023-2024 fiscal year, focusing on expanding resources, increasing mining and processing capacity, and acquiring additional mining assets or business integration[156] - The company has entered into a purchase agreement to acquire a gold concentrate smelting production line with a daily capacity of up to 300 tons, expected to significantly increase revenue and positively impact performance[156] - The company plans to establish partnerships with state-owned enterprises (SOEs) and private sector peers to support continuous growth in assets, revenue, and profits[156] - The company will seek innovative financing methods to fund its strategic initiatives, aiming to achieve the expected returns for investors and shareholders[156] Financial Statements and Compliance - The unaudited condensed consolidated financial statements are presented in Hong Kong dollars (HK$), with values rounded to the nearest thousand, and the functional currency of the Group's operating subsidiary, Taizhou Mining, is Renminbi (RMB)[79] - The unaudited condensed consolidated financial statements for the three months ended 30 June 2023 were prepared under the historical cost convention, with certain financial instruments revalued at fair value[85] - The company's unaudited condensed consolidated financial statements comply with Hong Kong Financial Reporting Standards (HKFRSs) and the disclosure requirements of the Hong Kong Companies Ordinances[82] - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the three months ended 30 June 2023 and confirmed compliance with applicable accounting standards and legal requirements[159][166] Corporate Governance and Compliance - The company emphasizes high standards of corporate governance, focusing on board quality, sound internal control, and transparency to shareholders[171][173] - The company has complied with all Code Provisions of the Corporate Governance Code, except for the deviation where the roles of chairman and chief executive are not separated[176][177] - The company has adopted a code of conduct for securities transactions by Directors, ensuring compliance with the GEM Listing Rules' required standards[170][172] - The company has not been notified of any other person (excluding Directors or chief executives) with an interest or short position in the company's shares as of 30 June 2023[189][190] Cash and Assets - Cash and cash equivalents as of 30 June 2023 amounted to approximately HKD 38.2 million, up from HKD 24.6 million as of 31 March 2023[137] - Net current assets as of 30 June 2023 amounted to approximately HKD 23.1 million, compared to net current liabilities of HKD 5.0 million as of 31 March 2023[137] - The Group's gearing ratio as of 30 June 2023 was approximately 40.0%, up from 35.8% as of 31 March 2023[138] Financing and Capital - The Group raised approximately HKD 152.8 million from the Rights Issue, with HKD 122.85 million utilized and HKD 30.05 million remaining unutilized as of the report date[150] - The company has maintained a sufficient public float as of the report date[199] Principal Activities and Operations - The company's principal activities include gold exploration, mining, and mineral processing, with operations primarily in the People's Republic of China and Hong Kong[78] - The company's shares are listed on the GEM of The Stock Exchange of Hong Kong Limited[77] Risk Management - The company's financial risk management policies remained unchanged for the three months ended 30 June 2023, as outlined in the 2023 Annual Report[84] Securities Transactions - The company has not purchased or sold any of its listed securities during the reporting period[169]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告 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 就因本公告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。 GRAND T G GOLD HOLDINGS LIMITED 大 唐 潼 金 控 股 有 限 公 司 * （於開曼群島註冊成立之有限公司） （股份代號：8299） 截 至 二 零 二 三 年 六 月 三 十 日 止 三 個 月 第 一 季 度 業 績 公 告 大唐潼金控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」） 會（「董事會」）謹此公佈本集團截至二零二三年六月三十日止三個月的第一季 度業績。本公告載有本公司二零二三年第一季度報告全文，符合香港聯合交易 所有限公司GEM證券上市規則（「GEM上市規則」）有關年度業績初步公告附載 之資料的相關規定。 承董事會命 大唐潼金控股有限公司 主席 李大宏 ...

Financial Performance - The Group recorded a net profit attributable to equity holders of approximately HKD 26,100,000 for the year, compared to a loss of approximately HKD 100,000 in the previous year[24]. - Earnings per share for the year were approximately HKD 0.48, a significant improvement from a loss of HKD 0.01 per share in the previous year[25]. - For the year ended March 31, 2023, the Group's revenue was approximately HK$153.2 million, representing an increase of approximately 19.3% from approximately HK$128.4 million in the previous year[50]. - The Group's gross profit was approximately HK$63.3 million, an increase of approximately 71.4% from approximately HK$36.9 million last year, with a gross profit margin of approximately 41.3% compared to 28.8% in 2022[49]. - The Group's profit for the year amounted to approximately HK$43.7 million, compared to approximately HK$7.8 million in 2022, with approximately HK$29.6 million attributed to an income tax reversal[52]. Cash and Liabilities - As of March 31, 2023, the Group held cash and cash equivalents of approximately HKD 24,600,000, up from approximately HKD 4,400,000 in the previous year[27]. - The Group's current liabilities net amount was approximately HKD 5,000,000, a decrease from approximately HKD 185,500,000 in the previous year[27]. - The current ratio as of March 31, 2023, was approximately 0.96, compared to approximately 0.19 in the previous year[27]. - The Group's capital debt ratio was approximately 35.8% as of March 31, 2023, down from approximately 52% in the previous year[27]. Rights Issue and Financial Position - The Group completed a rights issue on May 17, 2022, raising funds to cover debts and operating costs for the following 18 months, significantly improving its financial position[6]. - The fiscal year 2022-2023 marked a significant milestone with the completion of a rights issue on May 17, 2022, resolving long-term debts and improving the financial position[89]. - The completion of the rights issue in May 2022 has improved the Company's financial position and allowed for the reshaping of its strategic development plan[128]. Operational Developments - The Group increased its mining area to 8.2194 square kilometers from 0.9749 square kilometers following the renewal of its mining permit[89]. - The Group's total expenditure for mine development was approximately HK$14.0 million and for mineral exploration was approximately HK$13.8 million during the fiscal year[132]. - The aggregate expenditure on ore mining operations was approximately HK$51.3 million for the year[133]. Strategic Goals and Future Plans - The Company aims to build a mid-tier, competitive, and highly efficient gold mining company covering the entire industrial chain for gold production[90]. - The Group plans to implement its strategic goals through increases in asset scale, production capacity, and technical renovations to enhance efficiency and profitability[90]. - The Group plans to expand resources and reserves, increase mining and processing capacities, and create partnerships to broaden revenue sources starting in fiscal year 2023-24[128]. - The strategic development plan includes acquiring additional mining assets and business integration to enhance the asset base and profitability[128]. - The Group aims to work with shareholders and partners to find innovative financing solutions for the implementation of its strategic goals[128]. Risk Management - The Company acknowledges the potential risks and uncertainties it may face, as detailed in the Board's report and corporate governance report[93]. - The fluctuation in gold prices significantly impacts the group's operational revenue, cash flow, and profitability, influenced by international market conditions and USD to RMB exchange rates[171]. - The group aims to control cash costs for production and overall operational costs to mitigate risks associated with gold price fluctuations[171]. - Investment in mineral exploration and mining carries inherent risks, including significant capital expenditures and uncertain outcomes from exploration results[178]. - The group employs proper risk assessments and engages third-party professionals to minimize and control investment risks[178]. Governance and Management - The company has over 30 years of senior management experience in gold mining, exploration, and mergers and acquisitions[161]. - The board of directors includes experienced professionals with backgrounds in accounting and finance, enhancing corporate governance[168]. - The board held 12 meetings during the year, demonstrating active governance and oversight[195]. - The board of directors is committed to maintaining a balanced composition of executive and independent non-executive directors to ensure effective governance[182].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告 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 就因本公告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。 GRAND T G GOLD HOLDINGS LIMITED 大 唐 潼 金 控 股 有 限 公 司 * （於開曼群島註冊成立之有限公司） （股份代號：8299） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 業 績 公 告 大唐潼金控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」） 會（「董事會」）謹此公佈本集團截至二零二三年三月三十一日止年度業績。本公 告載有本公司二零二三年年度業績全文，符合香港聯合交易所有限公司GEM 證券上市規則（「GEM上市規則」）有關年度業績初步公告附載之資料的相關規 定。 承董事會命 大唐潼金控股有限公司 主席 李大宏 ...

Financial Performance - Revenue for the three months ended December 31, 2022, was HK$38,680,000, a decrease of 14.6% from HK$45,333,000 in the same period of 2021[9] - Gross profit for the three months ended December 31, 2022, was HK$19,141,000, down 22.5% from HK$24,710,000 in the previous year[9] - Profit for the period attributable to equity holders of the Company was HK$4,763,000, compared to HK$5,328,000 in the same quarter of 2021, representing a decline of 10.7%[11] - Profit before tax for the three months ended December 31, 2022, was HK$10,009,000, down 26.5% from HK$13,607,000 in the previous year[9] - Total comprehensive profit for the period was HK$16,884,000, compared to HK$15,677,000 in the same period of 2021, indicating an increase of 7.7%[13] - The Company reported a basic/diluted earnings per share of HK$0.00 for the three months ended December 31, 2022, compared to HK$0.08 in the same period of 2021[11] - Operating results for the nine months ended December 31, 2022, were HK$42,282,000, significantly higher than HK$22,103,000 in the previous year[9] - The net profit for the nine months ended December 31, 2022, was HK$4,967,000, with a total loss of HK$37,563,000 reported[22] Expenses and Costs - The Company incurred finance costs of HK$11,945,000 for the three months ended December 31, 2022, compared to HK$2,185,000 in the same period of 2021, reflecting an increase of 446.5%[9] - The Company’s administrative expenses for the three months ended December 31, 2022, were HK$13,687,000, up from HK$5,441,000 in the same period of 2021, indicating a rise of 151.5%[9] - Administrative and other expenses increased by approximately 50.3% to HK$20.6 million from HK$13.7 million in the corresponding period last year, primarily due to higher professional fees[74] - Selling and distribution expenses decreased to approximately HK$3.1 million, down approximately 22.2% from approximately HK$4.0 million in the corresponding period last year[108] Share Capital and Equity - The issued share capital increased to HK$5,987,000, while the share premium reached HK$1,991,309,000[16] - The total equity attributable to equity holders of the company was HK$358,175,000 at the end of the reporting period[16] - Retained losses accumulated to HK$1,605,942,000 as of December 31, 2022[16] - The company issued new shares during the rights issue, raising HK$152,816,000[16] Cash Flow and Financial Position - As of December 31, 2022, the Group had cash and cash equivalents amounting to approximately HK$40.1 million, compared to approximately HK$4.4 million as of March 31, 2022[113] - The Group's net current liabilities amounted to approximately HK$28.5 million as of December 31, 2022, down from approximately HK$181.7 million as of March 31, 2022[113] - The current ratio as of December 31, 2022, was approximately 0.79, significantly improved from approximately 0.19 as of March 31, 2022[113] Business Operations - The company is engaged in gold exploration, mining, and mineral processing, with operations primarily in the PRC and Hong Kong[29] - The increase in revenue is primarily attributed to the recovery of gold mining operations[89] - The Group's subsidiaries are primarily engaged in gold exploration, mining, and mineral processing, with gold concentrate as the main product[71] Corporate Governance and Management - The company has not appointed a chief executive officer since the retirement of Mr. Feng Jun on September 12, 2017, and the board is reviewing the structure for future appointments[149] - The company will continue to evaluate its corporate governance structure and make appointments as suitable candidates are identified[149] Share Option Scheme - The Share Option Scheme allows the company to grant options to employees and directors, with a maximum entitlement of 149,678,216 shares, representing 10% of the total shares issued as of the approval date[154] - A total of 89,247,286 share options were granted, with 19,584,000 options granted to employees and 9,792,000 to consultants during the reporting period[168] - The options granted are vested upon grant, and the minimum holding period before exercise is three years[176] - The share options are part of the company's strategy to enhance employee engagement and align interests with shareholders[151] Significant Events and Future Outlook - The Company is better positioned to execute its business growth plan for 2023 following a successful fund-raising exercise in May 2022[120] - No significant events occurred after December 31, 2022, up to the report date[184]

Financial Performance - Revenue for the six months ended September 30, 2022, was HK$78,911,000, representing a 52.5% increase from HK$51,749,000 in the same period of 2021[13] - Gross profit for the six months ended September 30, 2022, was HK$42,649,000, up 182.5% from HK$15,109,000 in the previous year[13] - Profit for the period attributable to equity holders of the Company was HK$10,709,000 for the six months ended September 30, 2022, compared to a loss of HK$5,244,000 in the same period of 2021[15] - Basic earnings per share for the six months ended September 30, 2022, was HK$0.22, compared to a loss per share of HK$0.35 in the previous year[15] - Operating results for the six months ended September 30, 2022, were HK$30,088,000, significantly higher than HK$3,980,000 in the same period of 2021[13] - Other income for the six months ended September 30, 2022, was HK$4,221,000, compared to no other income in the same period of 2021[13] - The Company reported a profit before tax of HK$23,057,000 for the six months ended September 30, 2022, compared to a loss before tax of HK$3,449,000 in the previous year[13] - Profit for the three months ended 30 September 2022 was HK$8,258,000, compared to a loss of HK$1,156,000 in the same period of 2021[18] Financial Position - Non-current assets decreased from HK$882,176,000 as of 31 March 2022 to HK$770,240,000 as of 30 September 2022[26] - Current liabilities decreased from HK$227,534,000 as of 31 March 2022 to HK$129,597,000 as of 30 September 2022[46] - Net current liabilities improved from HK$185,488,000 as of 31 March 2022 to HK$57,631,000 as of 30 September 2022[46] - Cash and cash equivalents increased significantly from HK$4,444,000 as of 31 March 2022 to HK$47,764,000 as of 30 September 2022[35] - Total assets less current liabilities increased to HK$712,609,000 as of 30 September 2022 from HK$696,688,000 as of 31 March 2022[46] - Borrowings decreased from HK$388,758,000 as of 31 March 2022 to HK$314,392,000 as of 30 September 2022[46] - The Company reported a total equity of HK$398,217,000 as of 30 September 2022, up from HK$271,796,000 as of 31 March 2022[46] Cash Flow and Financing - The company issued new shares upon rights issue, raising HK$152,816,000 during the reporting period[49] - Net cash generated from financing activities was HK$48,304,000, a significant increase compared to HK$4,683,000 in the previous year[57] - The company experienced a net cash outflow from operating activities of HK$320,000, contrasting with a cash inflow of HK$34,782,000 in the prior year[57] - Cash and cash equivalents at the end of the period stood at HK$47,764,000, down from HK$10,078,000 a year earlier[57] - The company reported an exchange loss of HK$47,306,000 due to foreign currency translation adjustments[49] Segment Performance - The Group reported segment revenue of HK$78,911,000 from external customers in the Gold Mining Division for the six months ended 30 September 2022[70] - Gross profit for the Gold Mining Division was HK$42,649,000, resulting in a segment profit before taxation of HK$36,545,000[70] - The net profit for the period was HK$18,283,000, with a loss of HK$13,488,000 recorded in the Corporate Division[70] - Total segment assets amounted to HK$842,206,000, with HK$798,436,000 attributed to the Gold Mining Division[70] Corporate Governance - The company has established an audit committee comprising three independent non-executive directors to oversee financial reporting and risk management[183] - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2022, and confirmed compliance with applicable accounting standards and GEM Listing Rules[183] - The company has complied with all Code Provisions set out in the Corporate Governance Code during the reporting period, except for the separation of the roles of chairman and chief executive officer[187] - The company emphasizes the importance of effective corporate governance practices to enhance corporate value and safeguard shareholder interests[187] Future Outlook - The company plans to continue exploring market expansion opportunities and new product development in the upcoming periods[51] - The Company aims to enhance production efficiency and competitiveness while seeking new growth opportunities through mergers and acquisitions[180] - The Group plans to utilize remaining proceeds for repayment of other indebtedness by March 31, 2023[168]