Financial Performance - The group reported a loss of HKD 30,321,000 for the year ended December 31, 2023, compared to a loss of HKD 24,637,000 in 2022, representing an increase in loss of approximately 23.5%[19] - The group's total equity decreased to HKD 41,471,000 in 2023 from HKD 71,792,000 in 2022, reflecting a decline of approximately 42.3%[12] - The group reported revenue of HKD 171,445,000 for the year, a decrease from HKD 204,865,000 in the previous year, representing a decline of approximately 16.3%[52] - The group’s total revenue for the year was HKD 143,405,000, down from HKD 185,008,000, reflecting a decline of approximately 22.5%[75] - The company’s basic loss per share for the year was HKD 2.89, compared to HKD 2.35 in the previous year, reflecting an increase in loss[84] - The total loss attributable to equity holders for the year was HKD 30,321,000, up from HKD 24,637,000 in the previous year[63] - The group recognized government subsidies of HKD 330,000, a significant decrease from HKD 2,276,000 in the previous year, reflecting a decline of approximately 85.5%[53] - The group recognized an impairment loss of approximately HKD 14.0 million related to goodwill for the year ended December 31, 2023[143] Cash Flow and Liquidity - As of December 31, 2023, the group's bank balances and cash amounted to HKD 362,000, a significant decrease from HKD 10,869,000 in 2022[19] - The group is actively seeking alternative financing solutions and/or restructuring to address liquidity pressures and improve financial conditions[42] - The group has taken measures to alleviate cash flow pressures, although significant uncertainties remain regarding the execution of these plans[43] - The company’s cash and cash equivalents decreased from HKD 53,066,000 in 2022 to HKD 38,517,000 in 2023, a decline of about 27.5%[104] - The group maintained a healthy liquidity position, continuously assessing customer credit and financial conditions to mitigate credit risk[147] - The group’s liquidity ratio slightly decreased from approximately 1.4 times as of December 31, 2022, to 1.3 times as of December 31, 2023[183] Assets and Liabilities - The total liabilities, including trade payables and bank borrowings, were HKD 51,351,000 and HKD 7,922,000 respectively, compared to HKD 55,806,000 and HKD 30,171,000 in 2022, indicating a reduction in bank borrowings by approximately 73.7%[19] - The group’s current assets net value was HKD 34,392,000 in 2023, down from HKD 40,269,000 in 2022, indicating a decrease of approximately 14.5%[11] - The company’s trade and other payables were HKD 59,320,000 in 2023, a decrease from HKD 65,639,000 in 2022, showing a reduction of approximately 9.9%[13] - Trade receivables decreased from HKD 34,836,000 in 2022 to HKD 21,596,000 in 2023, a decline of approximately 38%[93] - Contract assets decreased from HKD 91,647,000 in 2022 to HKD 87,676,000 in 2023, a decline of about 4.3%[106] - The company reported a provision for expected credit losses of HKD 1,180,000 for contract assets in 2023, compared to HKD 1,087,000 in 2022, indicating an increase of about 8.5%[97] Operational Strategy - The company aims to implement operational plans to enhance profitability and control costs, ensuring sufficient cash flow for operations over the next twelve months[20] - The group continues to evaluate its operational segments, focusing on RMAA projects, new construction, and anti-corrosion protection works as a single operating segment[52] - The group is primarily engaged in maintenance, repair, alteration, and addition (RMAA) works, new construction works, and corrosion protection works in Hong Kong[36] - The group anticipates that the number of properties to be constructed and maintained in Hong Kong will continue to drive the growth of the RMAA and renovation industry[137] Corporate Governance - The group has established an audit committee in accordance with corporate governance principles, compliant with GEM listing rules[34] - The company has confirmed that all applicable corporate governance code provisions have been adhered to for the year ending December 31, 2023[119] - The company has adopted and complied with the GEM Listing Rules Appendix 15 Corporate Governance Code as of December 31, 2023[118] Employee and Administrative Costs - Employee costs, including director remuneration, totaled HKD 34,311,000, down from HKD 45,195,000 in the previous year, representing a decrease of approximately 24.2%[56] - The group employed 86 employees as of December 31, 2023, down from 102 employees in the previous year, with employee costs approximately HKD 35.5 million compared to HKD 46.6 million in 2022[179] - Administrative expenses decreased from approximately HKD 39.8 million for the year ended December 31, 2022, to approximately HKD 33.1 million for the year ended December 31, 2023, a reduction of about 16.8%[166] Accounting Policies and Standards - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2023, which do not have a significant impact on the financial statements[3]. - The group has clarified the distinction between changes in accounting estimates and changes in accounting policies, confirming that the revisions do not affect the financial statements[4]. - The group has confirmed that the adoption of revised accounting standards does not result in any significant changes to the measurement, recognition, or presentation of items in the financial statements[4]. Other Financial Metrics - The group incurred depreciation expenses of HKD 3,300,000 for property, plant, and equipment, down from HKD 4,841,000 in the previous year, indicating a reduction of approximately 31.9%[58] - The total finance costs for bank and other borrowings increased to HKD 2,121,000 from HKD 1,913,000, marking an increase of approximately 10.9%[82] - The deferred tax expense for the year was HKD (435,000), compared to HKD (741,000) in the previous year, showing a decrease in deferred tax liabilities[87] - The group’s gross profit decreased from approximately HKD 22.5 million for the year ended December 31, 2022, to approximately HKD 7.9 million for the year ended December 31, 2023, reflecting a decline in gross margin from about 12.2% to approximately 5.5%[195] - Financing costs slightly increased from HKD 1.9 million for the year ended December 31, 2022, to HKD 2.1 million for the year ended December 31, 2023, primarily due to an overall increase in interest rates[196]

Financial Performance - For the nine months ended September 30, 2023, the company's revenue was HKD 121,997,000, a decrease of 11.8% compared to HKD 138,318,000 for the same period in 2022[22]. - The gross profit for the nine months ended September 30, 2023, was HKD 11,575,000, down 28.5% from HKD 16,124,000 in the previous year[22]. - The company reported a loss before tax of HKD 16,365,000 for the nine months ended September 30, 2023, compared to a loss of HKD 8,090,000 for the same period in 2022[22]. - The basic and diluted loss per share for the nine months ended September 30, 2023, was HKD 1.56, compared to HKD 0.77 for the same period in 2022[22]. - For the nine months ended September 30, 2023, the company reported a loss attributable to equity holders of HKD (16,365) thousand, compared to a loss of HKD (8,090) thousand for the same period in 2022, representing a 102.9% increase in loss[40]. - The company’s total comprehensive expenses for the nine months ended September 30, 2023, amounted to HKD (44,888) thousand, compared to HKD (16,365) thousand for the same period in 2022[38]. - The company reported a loss of approximately HKD 16.3 million for the nine months ended September 30, 2023, an increase of about HKD 8.3 million compared to the previous period[60]. Dividend and Share Options - The company did not recommend the payment of any dividends for the nine months ended September 30, 2023[3]. - There were no share options granted during the relevant period, and no unexercised share options as of September 30, 2023[5]. - The company did not recommend the payment of dividends for the nine months ended September 30, 2023[39]. Corporate Governance - The company has established an audit committee to oversee the integrity of financial reporting and the independence of external auditors[7]. - The company has adopted a code of conduct for securities transactions by directors, with no violations reported for the nine months ended September 30, 2023[2]. - The company continues to comply with the GEM Listing Rules and the applicable corporate governance code[1]. - The company has not reported any competition or conflict of interest involving its directors or major shareholders as of September 30, 2023[87]. Operational Highlights - The company recorded a total of 110 projects generating revenue during the nine months ended September 30, 2023, an increase from 108 projects in the same period of 2022[43]. - The company secured 46 new projects during the nine months ended September 30, 2023, with a total original contract value of approximately HKD 131.6 million[43]. - The company focuses on project management, procurement, and quality control across various construction and maintenance services, including RMAA and new building projects[42]. - The company anticipates that the future opportunities and challenges will continue to be influenced by the development of the Hong Kong property market and infrastructure expansion[43]. Employee and Compensation - As of September 30, 2023, the company employed a total of 87 employees, down from 102 employees as of December 31, 2022[73]. - For the nine months ended September 30, 2023, the employee costs, including directors' remuneration, were approximately HKD 26.1 million, compared to HKD 33.0 million for the same period in 2022[73]. - The company has implemented a compensation policy based on market terms and individual performance, qualifications, and experience[73]. Financial Position - The current ratio remained stable at approximately 1.4 times as of September 30, 2023[61]. - Total borrowings decreased from approximately HKD 30.1 million to about HKD 26.5 million[61]. - The capital debt ratio improved from approximately 42.0% to about 39.9% due to repayment of bank loans[61]. - The company has no significant investments or capital asset plans as of September 30, 2023[67]. - There were no major acquisitions or disposals of subsidiaries or associates during the nine months ended September 30, 2023[68]. Ownership and Shareholding - The company is wholly owned by Advanced Pacific Enterprises Limited, with the ultimate owner being Mr. Cheung Chung Sum[80]. - Mr. Cheung Chung Sum holds a beneficial interest in 535,670,000 ordinary shares, representing 51% of the company's total shares[81]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries for the nine months ended September 30, 2023[88]. Other Information - The company has not disclosed any new product or technology developments in the provided content[76]. - The company’s revenue is derived solely from building maintenance and construction services in Hong Kong, with no income tax provisions due to the absence of estimated taxable profits[35][37]. - Other income decreased from HKD 3.3 million to HKD 0.7 million due to the absence of government subsidies related to COVID-19[54]. - Administrative expenses decreased by approximately HKD 8.5 million or 32.6% from about HKD 26.0 million to approximately HKD 17.5 million[53]. - The company operates under the historical cost convention and adheres to Hong Kong Financial Reporting Standards[32].

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。 ALLUREFEM HOLDING LIMITED 人 壹 方 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 九 月 三 十 日 止 九 個 月 之 第 三 季 度 業 績 公 告 洢人壹方控股有限公司（「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九月三十日止九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第三季度業績報告（「第三季度業績報告」）全 文，符合聯交所GEM證券上市規則（「GEM上市規則」）中有關第三季度業績初步 公告附載資料的相關要求。載有GEM上市規則規定資料的第三季度業績報告 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 人壹方控股有限公司 主席 向從心 香港，二零二三年十一月十日 ...

Revenue and Profitability - Revenue decreased from approximately HKD 114.4 million for the six months ended June 30, 2022, to approximately HKD 93.1 million for the six months ended June 30, 2023, a decline of about 22.9%[18]. - Gross profit decreased from approximately HKD 12.3 million for the six months ended June 30, 2022, to approximately HKD 7.9 million for the six months ended June 30, 2023, with a gross profit margin decline from about 10.8% to 8.5%[20]. - The group reported a loss of approximately HKD 15.1 million for the six months ended June 30, 2023, an increase of about HKD 11.5 million compared to the same period last year[27]. - The net loss for the six months ended June 30, 2023, was HKD 15,032 thousand, compared to a net loss of HKD 3,561 thousand for the same period in 2022, reflecting a significant increase in losses[64]. - For the six months ended June 30, 2023, the total loss and comprehensive expenses amounted to HKD 43,555,000, compared to a loss of HKD 7,447,000 for the same period in 2022, indicating a significant increase in losses[74]. Project and Contract Activity - The number of projects undertaken by the group decreased from 104 projects as of June 30, 2022, to 82 projects as of June 30, 2023[10]. - The group secured 40 new projects with a total contract value of approximately HKD 59.2 million during the six months ended June 30, 2023[10]. - The total contract revenue for the six months ended June 30, 2023, was HKD 93,114,000, down from HKD 114,389,000 in the same period of 2022, representing a decline of approximately 18.6%[91]. - The total revenue from RMAA projects for the six months ended June 30, 2023, was HKD 85,054,000, down from HKD 90,731,000 in the same period of 2022, reflecting a decrease of approximately 6.5%[91]. Financial Position and Assets - As of June 30, 2023, total assets were HKD 126,811 thousand, down from HKD 154,557 thousand as of December 31, 2022, representing a decrease of approximately 18.0%[68]. - The company's cash and cash equivalents decreased to HKD 4,392 thousand as of June 30, 2023, from HKD 10,869 thousand as of December 31, 2022, a decline of about 59.6%[68]. - The company's total equity as of June 30, 2023, was HKD 56,760 thousand, down from HKD 71,792 thousand as of December 31, 2022, indicating a decrease of approximately 20.9%[70]. - Trade receivables as of June 30, 2023, amounted to HKD 35,215,000, an increase from HKD 34,836,000 as of December 31, 2022[121]. - Contract assets as of June 30, 2023, were HKD 60,151,000, down from HKD 91,647,000 as of December 31, 2022, while contract liabilities decreased to HKD 59,279,000 from HKD 90,560,000[122]. Cost Management and Expenses - Administrative expenses decreased by approximately HKD 2.8 million or 20.2%, from approximately HKD 16.6 million for the six months ended June 30, 2022, to approximately HKD 13.8 million for the six months ended June 30, 2023[21]. - Employee costs, including directors' remuneration, were approximately HKD 18.6 million for the six months ended June 30, 2023, compared to HKD 21.6 million in the previous year[44]. - Employee costs for the six months ended June 30, 2023, were HKD 17,800,000, down from HKD 20,863,000 in the same period of 2022, reflecting a decrease of 14.8%[97]. - The total liabilities under trade payables and other payables decreased from HKD 55,806,000 to HKD 39,414,000, a reduction of approximately 29.5%[128]. Strategic Initiatives and Future Outlook - The group is actively seeking opportunities to expand its business outside of Hong Kong[16]. - The overall demand for RMAA and new construction services is showing an upward trend as of June 30, 2023[10]. - The group aims to leverage its market reputation and experienced management team to maintain competitiveness amid industry challenges[17]. - The group plans to continue strengthening cost control and resource management to sustain market competitiveness[17]. Shareholder and Corporate Governance - The company did not declare an interim dividend for the six months ended June 30, 2023[57]. - The company has established an audit committee to oversee the integrity of financial reporting and compliance with applicable standards[61]. - The company has not granted any share options during the relevant period and had no unexercised share options as of June 30, 2023[59]. - The company’s name change to Allurefem Holding Limited was approved on August 4, 2023, indicating a strategic rebranding effort[140]. Acquisition and Investment Activities - The company agreed to acquire 100% of the issued share capital of Treasure Mark Global Limited for a total consideration of HKD 24.0 million[150]. - The payment structure for the acquisition includes HKD 18.5 million through the issuance of 185,000,000 ordinary shares at an issue price of HKD 0.10 per share, and the remaining HKD 5.5 million to be paid in cash[150].

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 ...

Financial Performance - For the three months ended March 31, 2023, the company reported revenue of HKD 38,265,000, an increase of 2.7% compared to HKD 37,257,000 for the same period in 2022[21] - The cost of sales for the same period was HKD 34,240,000, resulting in a gross profit of HKD 4,025,000, down from HKD 4,190,000 in the previous year[21] - The company recorded a loss before tax of HKD 1,554,000, an improvement from a loss of HKD 3,977,000 in the prior year[21] - Basic and diluted loss per share for the period was HKD 0.15, compared to HKD 0.38 for the same period in 2022[21] - For the three months ended March 31, 2023, the company reported a total loss attributable to equity holders of HKD (1,554) thousand, compared to a loss of HKD (3,977) thousand for the same period in 2022, representing a 61.0% improvement in loss[33][37] - Revenue increased from approximately HKD 37.3 million for the three months ended March 31, 2022, to approximately HKD 38.3 million for the three months ended March 31, 2023, representing a growth of about 2.7%[52] - The company reported a loss of approximately HKD 1.6 million for the three months ended March 31, 2023, which is a reduction of HKD 2.4 million compared to the same period in the previous year[59] Expenses and Costs - Administrative expenses decreased to HKD 5,229,000 from HKD 7,757,000 year-over-year, indicating a reduction of approximately 32.0%[21] - Direct costs rose from approximately HKD 33.1 million to approximately HKD 34.2 million, an increase of about 3.3%, attributed to higher subcontracting fees, material costs, and equipment rental costs[53] - Gross profit slightly decreased from approximately HKD 4.2 million to approximately HKD 4.0 million, with the overall gross profit margin declining from about 11.3% to approximately 10.5% due to general inflation[54] - Administrative expenses decreased by approximately HKD 2.6 million or 33.3%, from about HKD 7.8 million to approximately HKD 5.2 million, mainly due to cost control measures implemented in late 2022[55] - Financing costs decreased from approximately HKD 428,000 to approximately HKD 368,000, as the company reduced its bank borrowings during the period[57] Shareholder Information - The board of directors did not recommend the payment of any dividends for the three months ended March 31, 2023[4] - The company does not recommend the payment of dividends for the three months ended March 31, 2023[35] - As of March 31, 2023, Advanced Pacific Enterprises Limited holds 535,670,000 shares, representing a 51% ownership stake in the company[73] - The beneficial owner of Advanced Pacific Enterprises Limited is Mr. Cheung Chung Sum, who also holds 535,610,000 shares, equating to a 51% stake in the company[75] - The company has no other known individuals who have notified it of their interests in the company's shares or related securities, aside from those disclosed[77] Compliance and Governance - The company has established an audit committee to oversee the integrity of financial reporting and the independence of external auditors[4] - There were no securities transactions by directors that violated trading regulations during the reporting period[2] - The company continues to comply with the GEM Listing Rules and has no known conflicts of interest among its directors[1] - The company’s financial statements for the three months ended March 31, 2023, were prepared in accordance with Hong Kong Financial Reporting Standards[28] Project and Business Development - The company secured 34 new projects during the three months ended March 31, 2023, with a total contract value of approximately HKD 32.3 million[42] - The company had 62 projects generating revenue during the three months ended March 31, 2023, down from 94 projects in the same period of 2022[42] - The company operates primarily in the RMAA (Repair, Maintenance, Alteration, and Addition) sector, focusing on project management and quality control[41] - The company is actively seeking opportunities to expand its business outside of Hong Kong, influenced by the development of the property market and infrastructure expansion in Hong Kong[49] Capital and Equity - The company’s total equity as of March 31, 2023, was HKD 73,346 thousand, compared to HKD 96,429 thousand as of December 31, 2022, reflecting a decrease of 23.9%[23] - The company’s capital reserve as of March 31, 2023, was HKD 1,914 thousand, slightly down from HKD 1,941 thousand as of December 31, 2022[23] - Total borrowings increased from approximately HKD 30.1 million to approximately HKD 35.2 million, resulting in a capital debt ratio increase from about 42.0% to approximately 48.9%[59] Employee Information - The company employed a total of 98 employees as of March 31, 2023, down from 102 employees as of December 31, 2022, with employee costs amounting to approximately HKD 7.6 million[64] Use of Proceeds - The net proceeds from the listing, after deducting related expenses, amounted to approximately HKD 25.2 million, fully utilized by the end of the fiscal year ending December 31, 2022[66] - The allocation of the net proceeds includes HKD 1.2 million reserved for potential customer guarantees, HKD 9.4 million for expanding the workforce, HKD 4.3 million for purchasing additional machinery and equipment, and HKD 7.7 million for upgrading the Hong Kong office and studio[67] - The company’s future plans and use of proceeds are based on the best estimates and assumptions made at the time of the prospectus preparation, reflecting actual business conditions and industry developments[74]

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]