TONG KEE (HOLDING) LIMITED 棠記（控股）有限公司 (於開曼群島註冊成立的有限公司) 股份代號 : 8305 中期報告 2023 GEM的定位，乃為相比起其他在聯交所上市的公司帶有更高投資風險的公司提供一個上市的市 場。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投 資決定。GEM的較高風險及其他特色，表示GEM較適合專業及其他經驗豐富的投資者。由於 GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之證券承受較 大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引致之 任何損失承擔任何責任。 本報告的資料乃遵照聯交所的GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關棠記 （控股）有限公司（「本公司」）的資料；本公司董事（「董事」）願就本報告的資料共同及個別地承擔 全部責任。各董事在作出一切合理查詢後，確認就其所知及所信，本報告所載資料在各重 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不會對因本公 告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責任。 TONG KEE (HOLDING) LIMITED 棠 記（控 股 ）有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8305） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告 棠記（控股）有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及其附屬 公司截至二零二三年六月三十日止六個月的未經審核簡明綜合業績。 本公告列載本公司二零二三年度中期業績報告（「中期業績報告」）全文，符合聯 交所GEM證券上市規則（「GEM上市規則」）中有關中期業績初步公告附載資料 的相關要求。載有GEM上市規則規定資料的中期業績報告的印刷版本，將於適 當時候以GEM上市規則所規定方式寄發予本公司股東。 承董事會命 棠記（控股）有限公司 主席 向從心 ...

管理層討論及分析 競爭及利益衝突 就董事所知，截至二零二三年三月三十一日止期間，並無任何董事或本公司控股股東或彼等 各自任何聯繫人（定義見GEM上市規則）擁有任何與本集團業務構成或可能構成競爭的業務 或權益，任何有關人士亦無與本集團有或可能有任何其他利益衝突。 購買、出售或贖回本公司的上市證券 截至二零二三年三月三十一日止期間，本公司及其任何附屬公司概無購買、出售或贖回任何 本公司的上市證券。 企業管治守則 根據企業管治守則之守則條文第A.2.1條，主席與行政總裁的角色應有所區分，並不應由一人 士同時兼任。主席及行政總裁之職責須明確區分。 向從心先生目前擔任本公司主席兼本公司行政總裁。董事會認為該架構可提升本公司制定 及推行策略之效率。董事會將於有需要時檢討是否需要委任適當候選人擔當行政總裁之角 色。 於二零二三年三月三十一日，除上文所披露者外，本公司一直遵守GEM上市規則附錄十五所 載企業管治守則（「企業管治守則」）的適用守則條文。 董事進行證券交易 本集團已採納有關董事進行證券交易的行為守則，其條款的嚴格程度不遜於GEM上市規則 第5.48至5.67條所載的規定買賣準則。本公司亦已向全體董事作出具體查詢及 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不會對因本公告全部或任何部分內容而產生 或因倚賴該等內容而引致的任何損失承擔任何責任。 TONG KEE (HOLDING) LIMITED 棠 記（ 控 股 ）有 限 公 司 （於開曼群島註冊成立之有限公司） 8305 （股份代號： ） 截至二零二三年三月三十一日止三個月之第一季度業績公告 棠記（控股）有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及其附屬公司截至二 零二三年三月三十一日止三個月之第一季度業績。 本公告列載本公司二零二三年三月三十一日止三個月之第一季度業績報告（「第一季度業績報 GEM GEM 告」）全文，符合聯交所 證券上市規則（「 上市規則」）中有關季度業績初步公告附載資 GEM 料的相關要求。載有 上市規則規定資料的第一季度業績報告的印刷版本，將於適當時候 GEM 以 上市規則所規定方式寄發予本公司股東。 承董事會命 棠記（控股）有限公司 主席 ...

Market Conditions and Business Outlook - The overall market conditions in the Hong Kong construction industry remained relatively stable for the year ending December 31, 2022, but revenue growth has slowed due to increased economic uncertainties and the negative impacts of COVID-19 since January 2020[21] - The company remains cautiously optimistic about its overall business outlook despite challenges such as rising costs of construction workers and materials, as well as a shortage of professionals[21] Financial Performance - Total revenue increased by approximately HKD 30.7 million or 19.9% to about HKD 185.0 million for the year ended December 31, 2022, compared to approximately HKD 154.3 million for the previous year[52] - Gross profit rose from approximately HKD 17.1 million to about HKD 22.5 million, with an overall gross margin slightly increasing from approximately 11.1% to about 12.1%[59] - The cost of sales increased from approximately HKD 137.2 million to about HKD 162.5 million, reflecting an increase of approximately 18.5%[59] - Other income rose from HKD 0.2 million to HKD 3.6 million, primarily due to government subsidies related to COVID-19[42] - The company reported an increase in revenue and gross profit for the year ended December 31, 2022, contributing to a decrease in impairment provisions for goodwill[75] - Revenue increased from approximately HKD 154.3 million for the year ended December 31, 2021, to approximately HKD 185.0 million for the year ended December 31, 2022, representing a growth of about 19.9%[138] - The increase in revenue was primarily due to the overall development of the construction industry in Hong Kong, leading to an increase in contract amounts for RMAA engineering projects undertaken by the group[138] - The company acquired a new subsidiary at the end of 2021, which contributed to the revenue growth in 2022[138] Project and Resource Management - The number of projects generating revenue decreased from 172 to 156, while the company secured 62 new projects with a total contract value of approximately HKD 130.0 million[56] - The company aims to continue providing integrated services in RMAA, new construction projects, and corrosion protection engineering to meet changing customer demands[53] - The company plans to expand its customer base and service offerings to strengthen its market position and increase market share[57] - The company is actively enhancing cost control and resource management while participating in project tenders to maintain its market competitiveness[26] Administrative and Employee Costs - Administrative expenses increased due to contributions from a newly acquired subsidiary at the end of 2021[42] - Administrative expenses increased by approximately HKD 12.1 million or 44.7% from HKD 27.1 million for the year ended December 31, 2021, to HKD 39.3 million for the year ended December 31, 2022[60] - Employee costs, including director remuneration, were approximately HKD 46.6 million for the year ended December 31, 2022, compared to HKD 36.7 million for the year ended December 31, 2021[70] - The company employed a total of 102 staff as of December 31, 2022, down from 131 staff in the previous year[70] Financial Position and Debt Management - The current ratio improved from approximately 1.3 times to 1.4 times as of December 31, 2022[48] - The total bank borrowings as of December 31, 2022, were approximately HKD 30.1 million, down from HKD 53.9 million as of December 31, 2021, resulting in a decrease in the debt-to-equity ratio from approximately 55.9% to 42.0%[76] - The financing costs slightly increased from HKD 1.7 million for the year ended December 31, 2021, to HKD 1.9 million for the year ended December 31, 2022, primarily due to the newly acquired subsidiary at the end of 2021[63] Governance and Compliance - The company held a total of 2 board meetings, with all directors attending both meetings[144] - The independent non-executive directors' independence was evaluated, ensuring effective governance[145] - The board has reviewed the risk management and internal control systems, ensuring compliance with relevant laws and regulations[157] - The company has established multiple channels for communication with shareholders, including annual general meetings and a dedicated website[171] - The board is responsible for preparing financial statements that fairly reflect the group's affairs as of December 31, 2022[151] - The company has implemented a three-tier risk management approach to identify, assess, and mitigate risks[152] - The board has reviewed the remuneration policy for directors and senior management, ensuring fairness and compliance with contractual terms[160] - The company has a commitment to effective risk management as a foundation for long-term business development[161] - The board has established a system for internal controls to safeguard shareholder investments and group assets[159] - The company has confirmed compliance with non-competition commitments from major shareholders for the year ending December 31, 2022[172] - The company has not reported any violations of the non-competition commitments by major shareholders as confirmed by independent non-executive directors[172] Management and Leadership - The company has a strong management team with over 36 years of experience in construction services and over 21 years in cathodic protection services[174] - The financial director has over 30 years of experience in auditing, accounting, mergers, and taxation across various industries[194] - The independent non-executive director has over 30 years of experience in the education and consulting industries[199] - The management team includes members with extensive legal and engineering backgrounds, enhancing the company's operational capabilities[197] - The company has established a solid foundation for future growth through its experienced leadership and adherence to governance standards[198] Academic Contributions - The company has published over 240 papers, with more than 130 in international SCI-indexed journals and over 100 in conference reports[200] - The company has contributed to books and invited writings, enhancing its academic presence[200] - The company holds editorial positions in multiple international journals, including as editor-in-chief for Enterprise Information Systems and International Journal of Engineering Business Management[200] - The company is a senior member of the Institute of Electrical and Electronics Engineers (IEEE) and a member of the Hong Kong Institution of Engineers[200] Future Investments - The company has not made any significant changes to its articles of association for the year ending December 31, 2022[190] - The company has not reported any significant plans for future investments or capital assets as of December 31, 2022[81] - The company is committed to ensuring compliance with its policies and objectives as part of its overall business development strategy[192]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容 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，概不會 對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何 損失承擔任何責任。 TONG KEE (HOLDING) LIMITED 棠 記（控 股 ）有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8305） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 之 年 度 業 績 公 告 棠 記（控 股）有 限 公 司（「本 公 司」）董 事（「董 事」）會（「董 事 會」）宣 佈 本 公 司 及 其附屬公司截至二零二二年十二月三十一日止年度的經審核年度業績。 本 公 告 列 載 本 公 司 二 零 二 二 年 度 全 年 業 績 報 告（「年 報」）全 文，符 合 聯 交 所GEM證券上市規則（「GEM上市規則」）中有關年度業績初步公告附載資 料 的 相 關 要 求。載 有GEM上 市 規 則 規 定 資 料 的 年 報 的 印 刷 版 本，將 於 適 當時候以GEM上市規則所規定方式寄發予本公司股東。 承董事會命 棠記（控股）有限公司 主席 ...

Financial Performance - Revenue for the third quarter of 2022 was HKD 23,929,000, a decrease of 50.6% compared to HKD 48,443,000 in the same period of 2021[8] - Gross profit for the third quarter was HKD 3,812,000, down 40.2% from HKD 6,384,000 year-on-year[8] - The net loss for the third quarter was HKD 4,529,000, compared to a loss of HKD 832,000 in the same quarter of 2021, representing a significant increase in losses[8] - Total revenue for the nine months ended September 30, 2022, was HKD 138,318,000, slightly up from HKD 136,447,000 in the same period of 2021[8] - The company reported a basic loss per share of HKD 0.43 for the third quarter, compared to HKD 0.10 in the same quarter of the previous year[8] - The total comprehensive loss for the nine months ended September 30, 2022, was HKD 8,090,000, compared to HKD 3,812,000 for the same period in 2021[8] - The company recorded a loss attributable to equity holders of approximately HKD 4.5 million for the three months ended September 30, 2022, compared to a loss of HKD 0.8 million for the same period in 2021[24] - The company reported a loss of approximately HKD 8.0 million for the nine months ended September 30, 2022, an increase of about HKD 4.2 million compared to the same period in 2021[39] Expenses and Costs - Administrative expenses increased to HKD 9,464,000 in the third quarter, up 33.5% from HKD 7,088,000 in the previous year[8] - Direct costs rose from approximately HKD 120.5 million for the nine months ended September 30, 2021, to approximately HKD 122.2 million for the same period in 2022, an increase of about 1.4%[31] - Administrative expenses surged by approximately HKD 7.5 million or 40.5%, from about HKD 18.5 million to approximately HKD 26.0 million for the nine months ended September 30, 2021, and 2022 respectively[34] - Employee costs, including director remuneration, were approximately HKD 33.0 million for the nine months ended September 30, 2022, compared to approximately HKD 32.3 million for the same period in 2021[50] Income and Other Revenue - Other income for the third quarter was HKD 1,440,000, significantly higher than HKD 235,000 in the same period last year[8] - Other income increased from HKD 0.2 million to HKD 3.3 million for the nine months ended September 30, 2021, and 2022 respectively, primarily due to government subsidies related to COVID-19[35] Assets and Liabilities - The company’s total assets as of September 30, 2022, were HKD 96,429,000, reflecting a decrease in retained earnings to HKD (11,976,000)[10] - The current ratio improved from approximately 1.3 times as of December 31, 2021, to 1.4 times as of September 30, 2022[40] - Total borrowings decreased to approximately HKD 31.0 million as of September 30, 2022, down from approximately HKD 53.9 million as of December 31, 2021[40] - The debt-to-equity ratio improved from approximately 55.9% as of December 31, 2021, to approximately 35.1% as of September 30, 2022[40] Operations and Projects - The company continues to focus on expanding its operations in the construction sector, particularly in maintenance and renovation projects in Hong Kong[13] - The company secured 51 new projects during the nine months ended September 30, 2022, with a total original contract value of approximately HKD 110.2 million[27] - The company plans to continue strengthening cost control and resource management while actively participating in project tenders to maintain market competitiveness[27] Corporate Governance - The company has established an audit committee to oversee the appointment and independence of external auditors, consisting of three independent non-executive directors[80] - The company has complied with the corporate governance code as per GEM listing rules, with a clear separation of roles between the chairman and the CEO[72] - There were no conflicts of interest reported among directors or major shareholders as of September 30, 2022[69] - The company has adopted a share option scheme in June 2018, compliant with GEM listing rules[75] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the nine months ending September 30, 2022[80] Shareholder Information - The company did not recommend the payment of dividends for the nine months ended September 30, 2022[23] - As of September 30, 2022, the company had issued share capital of HKD 10.5 million, with 1,050,000,000 ordinary shares outstanding[43] - The company has approximately HKD 25.2 million in net proceeds from its listing, with about HKD 2.3 million remaining unutilized as of the report date[59] - The company has not engaged in any significant acquisitions or disposals of subsidiaries or associated companies during the nine months ended September 30, 2022[46] - The company has not issued any share options during the relevant period, maintaining a strict adherence to trading rules for directors[73] - No share options were granted during the relevant period, and there were no unexercised share options as of September 30, 2022[76] Employee and Health Safety - The company has implemented various measures to ensure employee health and safety amid the COVID-19 pandemic, including the establishment of a crisis management team[29] - The company employed a total of 101 staff as of September 30, 2022, down from 110 staff as of December 31, 2021[50] - The board will review the need for appointing a suitable candidate for the CEO role if necessary[72]

TONG KEE (HOLDING) LIMITED 棠記(控股)有限公司 (於開曼群島註冊成立的有限公司) 股份代號 : 8305 香港聯合交易所有限公司(「聯交所」) GEM 的特色 GEM的定位,乃為相比超其他在聯交所上市的公司帶有更高投資風險的公司提供一個上市的 市場 · 有意投資的人士應了解投資於該等公司的潛在風險,並應經過審價周詳的考慮後方作 出投資決定。GEM的較高風險及其他特色·表示GEM較適合專業及其他經驗豐富的投資者。 由於 GEM 上市 公司普壇為中小型公司,在 GEM 買賣的證券可能會較於聯交所主板買賣之證 券承受較大的市場波動風險,同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責,對其準確性或完整性亦不發 表任何聲明·並明確表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引 致之任何損失承擔任何責任。 本報告的資料乃遵照聯交所的GEM證券上市規則([GEM上市規則])而刊獻·旨在提供有關 棠記(控股)有限公司(Γ本公司」)的資料:本公司董事(「董事」)願就本報告的資料共同及個別 地承擔全部責任。各董事在作出一切合理 ...

TONG KEE (HOLDING) LIMITED 棠記(控股)有限公司 (於開曼群島註冊成立的有限公司) 股份代號 : 8305 总 香港聯合交易所有限公司(「聯交所」) GEM 的特色 GEM 的定位,乃為相比想其他在聯交所上市的公司帶有更高投資風險的中小型公司提供一個 上市的市場。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮 後方作出投資決定。GEM 的較高風險及其他特色，表示 GEM 較適合專業及其他經驗豐富的 投資者 • 由於在 GEM 上 市 的 公 司 普 遍 為 中 小 型 公 司 ， 故 在 GEM 買 賣 的 證 券 可 能 會 較 於 聯 交 所 主 板 買 賣之證券承受較大的市場波動風險,同時無法保證在 GEM 買賣的證券會有高流通量市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責,對其準確性或完整性亦不發 表任何聲明·並明確表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引 致之任何損失承擔任何責任。 本報告的資料乃遵照聯交所GEM證券上市規則(「GEM上市規則J)而刊載·旨在提供有關業 記(控股)有限公司(「本公司J)的資料：本公 ...

Financial Performance - The group's total revenue decreased by approximately HKD 19.2 million or 11.1% to about HKD 154.3 million for the year ended December 31, 2021, compared to approximately HKD 173.5 million for the previous year[8]. - Revenue decreased from approximately HKD 173.5 million for the year ended December 31, 2020, to approximately HKD 154.3 million for the year ended December 31, 2021, a decline of about 11.1% due to project delays caused by COVID-19[17]. - Gross profit decreased from approximately HKD 22.8 million to approximately HKD 17.1 million, with the overall gross margin slightly declining from about 13.1% to approximately 11.1%[19]. - The company recognized a loss of approximately HKD 42.6 million for the year ended December 31, 2021, compared to a loss of about HKD 2.3 million for the year ended December 31, 2020[27]. - Current ratio decreased from approximately 1.6 times to 1.3 times, while the debt-to-equity ratio increased from about 44.3% to approximately 55.9% due to increased borrowings[28]. - The company’s distributable reserves as of December 31, 2021, amounted to approximately HKD 64.2 million, an increase from HKD 54.0 million in 2020[188]. Project and Market Activity - A total of 172 projects generated revenue for the group during the year ended December 31, 2021, compared to 173 projects in 2020[12]. - The group secured 88 new projects with a total contract value of approximately HKD 95.4 million as of December 31, 2021[12]. - The demand for FM4A and corrosion protection engineering services remained stable as of the reporting date[12]. - The overall market conditions in the Hong Kong construction industry remained relatively stable, despite increased economic uncertainties and the negative impacts of COVID-19[9]. Cost Management - Cost of sales decreased from approximately HKD 150.7 million to approximately HKD 137.2 million, a reduction of about 9.0%, primarily due to decreased subcontracting and material costs[18]. - Administrative expenses decreased by approximately HKD 3.2 million or 10.6% to about HKD 27.1 million, mainly due to reduced employee costs[20]. - Employee costs for the year ended December 31, 2021, were approximately HKD 36.7 million, down from approximately HKD 46.1 million in 2020[40]. Corporate Governance - The board of directors consists of seven members, including two executive directors and three independent non-executive directors[51]. - The company has established three board committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee, to enhance corporate governance[80]. - The Audit Committee consists of three independent non-executive directors, ensuring compliance with GEM listing rules and overseeing the integrity of financial reports[84]. - The company encourages directors to participate in relevant seminars and external training programs to enhance their knowledge and skills[80]. - The company adheres to a rotation policy for directors, requiring one-third of the board to retire at each annual general meeting, ensuring regular re-election[79]. Risk Management - The company has implemented a risk management framework integrated into daily operations, ensuring compliance with relevant laws and regulations[102]. - The company aims to identify and manage risks at an acceptable safety level to achieve strategic goals, employing a three-tier risk management approach[103]. - The company emphasizes the importance of risk management practices to mitigate operational and financial risks[158]. Shareholder Relations - The company has established multiple channels for communication with shareholders and investors, including annual general meetings and a dedicated website[120]. - The company is committed to ensuring shareholder rights are protected through independent resolutions presented at general meetings[112]. - The company aims to retain sufficient reserves for future growth while allowing shareholders to participate in profits through its dividend policy[164]. Strategic Direction - The group aims to continue providing integrated services in RMAA, new construction projects, and corrosion protection engineering to retain existing clients and attract new ones[9]. - The group plans to leverage its competitive advantages to respond effectively to changing client needs[9]. - The company is committed to sustainability, with plans to implement eco-friendly practices that could reduce operational costs by F%[135]. - The company is exploring partnerships to enhance its service offerings and expand its customer base, aiming for a J% increase in market penetration[136]. Employee and Management - The group employed a total of 131 staff, an increase from 126 staff in 2020[40]. - The management team includes professionals with extensive backgrounds in construction and project management, ensuring strong operational oversight[142][144]. - The company recognizes employees as valuable assets and aims to attract and retain suitable personnel[163]. Acquisitions and Investments - The company completed the acquisition of Treasure Mark Global Limited for HKD 24.0 million, with goodwill generated from the acquisition amounting to HKD 50.9 million[22][24]. - The group acquired Treasure Mark Global Limited, which primarily engages in RMAA engineering and new construction projects, during the year ended December 31, 2021[36]. Compliance and Reporting - The company is committed to maintaining compliance with GEM listing rules, ensuring transparency and governance[140]. - The financial reporting team is led by experienced professionals, including members from reputable accounting firms[138].