GUDOU HOLDINGS LIMITED 古 兜 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：8308） 截至二零二三年六月三十日止六個月 中期業績公佈 香港聯合交易所有限公司GEM之特色 GEM之定位，乃為相比起其他在香港聯交所上市之公司帶有較高投資風險之中小型公司 提供一個上市之市場。有意投資者應了解投資於該等公司之潛在風險，並應經過審慎周 詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於香港聯交所主板買 賣之證券承受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及香港聯交所對本公佈之內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公佈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。 本公佈之資料乃遵照GEM上市規則而刊載，旨在提供有關本公司之資料；董事願就本公 佈之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，確認就其所深知 及確信，本公佈所載資料在各重要方面均屬準確完備，沒有誤導或欺詐成份 ...

Financial Performance - Revenue for the first quarter ended March 31, 2023, was RMB 14,683,000, an increase of 13.6% compared to RMB 12,925,000 in the same period of 2022[4] - Gross profit for the first quarter was RMB 1,662,000, compared to a gross loss of RMB 1,291,000 in the previous year, indicating a significant improvement[4] - Operating loss for the first quarter was RMB 33,687,000, compared to RMB 9,312,000 in the same period of 2022, reflecting increased operational challenges[4] - The company reported a loss before tax of RMB 37,027,000, up from RMB 13,357,000 in the prior year, highlighting ongoing financial difficulties[4] - The total comprehensive loss for the period was RMB 29,331,000, compared to RMB 13,023,000 in the same quarter of 2022[4] - Basic and diluted loss per share for the first quarter was RMB 2.95, compared to RMB 1.35 in the same period last year[4] - The company recorded a loss attributable to owners of approximately RMB 29,500,000 for the three months ended March 31, 2023, compared to a loss of approximately RMB 13,200,000 for the same period in 2022[22] - The company reported a loss before tax of approximately RMB 33,700,000 for the period, compared to a loss of approximately RMB 9,300,000 for the same period in 2022[29] Revenue Sources - Revenue from the resort and hotel operations increased by approximately 13.6% to about RMB 14,700,000, driven by the recovery of economic activities post-pandemic[23] - The company did not record any revenue from property sales during the period, with expectations for sales of joint development projects to continue into 2023[24] - The company recorded other income of RMB 620,000, significantly higher than RMB 34,000 in the previous year, indicating potential growth in ancillary revenue streams[4] Cost Management - The company's cost of sales for the period was approximately RMB 13,000,000, a decrease of about 8.4% from RMB 14,200,000 for the same period in 2022[27] - Administrative expenses decreased to RMB 5,482,000 from RMB 6,452,000, indicating some cost control measures were implemented[4] - The gross profit for the period was approximately RMB 1,700,000, with a gross profit margin of about 11.3%, compared to a gross loss margin of approximately 10.0% in the previous year[28] Tax and Financial Credits - The income tax credit for the period was approximately RMB 7,500,000, significantly higher than the tax expense of about RMB 200,000 for the same period in 2022[30] Corporate Governance - The company has complied with the applicable corporate governance code provisions, except for the dual role of Mr. Han as both Chairman and CEO, which the board believes enhances business planning and decision-making efficiency[37] - The company plans to regularly review the necessity of appointing different individuals for the roles of Chairman and CEO to maintain good corporate governance[37] - The company emphasizes the importance of high standards of corporate governance for sustainable growth and shareholder value[37] Stock Options - As of March 31, 2023, the company granted stock options under its plan, with a total of 63,228,000 options outstanding, of which 54,938,000 remain after accounting for cancellations[39] - The total number of stock options granted to directors and employees amounts to 83,038,000, with 74,448,000 remaining after adjustments[39] - The exercise price for stock options granted in 2017 was HKD 0.62, while the price for options granted in 2022 was HKD 0.1742, reflecting a significant decrease in the latter[39] - The stock options vesting schedule allows for 25% of the total shares to be issued during specified periods from 2018 to 2021[41] Market Expansion and Development - The company aims to expand its hotel portfolio domestically and enhance its product offerings focused on health and wellness to diversify revenue sources[32] - The company has established a cooperation agreement with Guangdong Aoyuan for land development, indicating ongoing market expansion efforts[44] - The company is focused on expanding its tourism property projects, including the Guanshan Yue Pavilion and Gudou Yishui Mingting, under cooperative agreements[46] - The company aims to enhance its market presence through strategic expansions and potential acquisitions in the tourism industry[46] - The company is committed to developing new products and technologies to enhance its offerings in the tourism sector[46] Operational Details - The average room revenue for the company's seven themed hotels decreased from approximately RMB 337 to RMB 326, while the occupancy rate increased from 26.1% to 28.0%[23] - The total number of available room nights for rental is approximately 67,860.7 square meters across five plots of land owned by Guangdong Gudou[46] - The occupancy rate for the hotel during the reporting period was not specified, but it is calculated as the total number of rented room nights divided by the total available room nights[46] - The company operates the Gudou Hot Spring Resort located in Jiangmen, Guangdong Province, China[46] - The new themed hotel, Yuequan Lake Resort, commenced operations in July 2019[46] Leadership - The board of directors includes executive directors Han Zhiming, Huang Zhanxiong, Wang Jun, and Liang Juquan, indicating a strong leadership team[47] - The company has a stock option plan approved on November 18, 2016, to incentivize key personnel[46] Compliance and Audit - The audit committee reviewed the unaudited consolidated financial performance for the three months ending March 31, 2023, ensuring compliance with applicable accounting standards[42] - The company has not purchased, redeemed, or sold any of its securities during the three months ending March 31, 2023[41]

Financial Performance - The total revenue for the year ended December 31, 2022, was RMB 41,900,000, a decrease of 34.5% compared to RMB 63,964,000 in 2021[4] - The gross loss for the year was RMB 41,112,000, compared to a gross profit of RMB 73,000 in the previous year[4] - The operating loss increased to RMB 133,667,000 from RMB 52,253,000 in 2021, reflecting a significant decline in operational performance[4] - The net loss attributable to owners of the company for the year was RMB 132,693,000, compared to RMB 68,950,000 in 2021, representing an increase of 92.5%[4] - The company reported a net loss before tax of RMB 148,399,000, up from RMB 71,046,000 in the previous year[4] - The basic and diluted loss per share for the year was RMB 13.51, compared to RMB 7.04 in the previous year[4] - Total revenue for the year ended December 31, 2022, was RMB 41,481,000, a decrease of 31.9% from RMB 60,944,000 in 2021[27] - Revenue from hotel and resort operations was RMB 20,932,000, down 25.5% from RMB 28,059,000 in the previous year[27] - The company reported a net loss attributable to owners of RMB 132,693,000 for the year ended December 31, 2022, compared to a loss of RMB 68,950,000 in 2021, representing an increase in loss of 92.5%[33] - Basic loss per share for the year was RMB 13.51, compared to RMB 7.04 in 2021, indicating a significant increase in loss per share[33] - The company’s income from property sales was RMB 419,000, a decrease of 83.7% from RMB 2,562,000 in 2021[27] - The company did not declare or propose any dividends for the year ended December 31, 2022, consistent with the previous year[30] Liquidity and Financial Position - Current liabilities exceeded current assets by approximately RMB 193,246,000, highlighting liquidity concerns[12] - The company’s cash and bank balances were approximately RMB 3,356,000, indicating limited liquidity[12] - As of December 31, 2022, the group had bank loans of RMB 112,706,000 and RMB 85,366,000, with plans to renew approximately RMB 65,040,000 in financing due in 2024[15] - The group has established a new uncommitted bank financing facility of RMB 230,000,000, which can be drawn upon as needed[15] - The board believes that the group will have sufficient working capital to meet its financial obligations until March 31, 2025, despite significant uncertainties[17] - The group continues to implement measures to control capital and operating expenditures while generating cash flow from hotel and resort operations[18] - The company’s bank and cash balance as of December 31, 2022, was approximately RMB 3,400,000[109] - The company’s total outstanding bank loans amounted to RMB 239,000,000, with approximately RMB 127,400,000 being fixed-rate borrowings[109] - The capital debt ratio increased to approximately 0.97 as of December 31, 2022, due to a decrease in total capital[109] Impact of COVID-19 - In 2022, the COVID-19 pandemic significantly impacted the group's hotel and resort operations, which have not fully recovered as of now[14] - The company faced significant operational challenges due to the negative impact of the COVID-19 pandemic on hotel and resort operations, which have not fully recovered[76] - Revenue from the resort and hotel operations decreased due to multiple measures implemented by the Chinese government to curb the COVID-19 pandemic, including travel restrictions and mandatory quarantine[80] - The occupancy rate of the group's nine themed hotels dropped from approximately 27% for the year ended December 31, 2021, to about 26% for the current year, primarily due to strict epidemic prevention and isolation policies affecting overall travel demand[81] - Revenue from tourism property development decreased by approximately 86.1% from about RMB 3,000,000 to approximately RMB 400,000, mainly due to weak demand in the general real estate market[82] Joint Venture and Development Issues - Following the termination of the joint venture, the group is primarily responsible for property development projects, with outstanding costs owed by the joint venture partner amounting to approximately RMB 31,000,000[18] - The group has received claims from contractors for unpaid construction and other costs amounting to RMB 31,000,000 after the dissolution of the joint venture[50] - The group has been unable to obtain complete accounting records from the joint venture due to ongoing disputes with Guangdong Aoyuan[50] - The group continues to rely on limited information to account for transactions related to the joint venture due to incomplete records[50] - The joint venture's development has faced delays since the second half of 2022, with no further development on five remaining plots of land[43] Cost Management and Operational Efficiency - The group continues to implement measures to control capital and operating expenditures while generating cash flow from hotel and resort operations[18] - The company has implemented cost-saving measures, resulting in a reduction of material costs and energy expenses despite an increase in employee costs[98] - Selling expenses decreased by approximately 59.9% to RMB 4,400,000, mainly due to reduced advertising expenses for resort and hotel operations[103] Future Outlook - The group anticipates a gradual recovery in its hotel and resort business in 2023, with a cautiously optimistic outlook for the leisure travel market in 2024[18] - The group is committed to expanding its hotel footprint in China and diversifying its revenue sources, focusing on health and wellness as a core business priority[83] - The group is actively exploring opportunities to provide management services to third-party owned hot spring resorts, aiming to replicate its business model[88] - The group anticipates continued sales and delivery of the Gu Dou Yi Shui Ming Ting and the Guan Shan Yue Gong Guan projects into 2023[89] Accounting and Compliance - The adoption of revised accounting standards is not expected to have a significant impact on the group's consolidated financial information[20] - The company is evaluating the adoption of new accounting standards and amendments, which will be implemented when they come into effect[25] - The audit committee, composed entirely of independent non-executive directors, has reviewed the group's annual performance[127]

GuDou 古兜控股有限公司 Gudou Holdings Limited (於阿曼群島註爵成立的有限公司) 股份代號：8308 温泉 / 文旅 / 健康 / 養生 第三季度業績報告 2022 香港聯合交易所有限公司GEM之特色 GEM之定位，乃為相比起其他在香港聯交所上市之公司帶有較高投資風險 之中小型公司提供一個上市之市場。準投資者應了解投資於該等公司之潛 在風險，並應經過審慎周詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於香港 聯交所主板買賣之證券承受較大之市場波動風險，同時無日法保證在GEM 買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及香港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，概不對因本報告全部或 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。 本報告之資料乃遵照GEM上市規則而刊載，旨在提供有關本公司之資料； 董事願就本報告之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要方面均屬準確 完備，沒有誤導或欺詐成分，且並無遺漏任何其 ...

Financial Performance - The company reported total revenue of RMB 20,049,000 for the six months ended June 30, 2022, a decrease of 17.5% compared to RMB 24,295,000 for the same period in 2021[4]. - The gross loss for the six months ended June 30, 2022, was RMB 1,333,000, compared to a gross loss of RMB 4,246,000 for the same period in 2021, indicating an improvement[4]. - Operating loss for the six months ended June 30, 2022, was RMB 18,047,000, a decrease of 16.5% from RMB 21,474,000 in the same period of 2021[4]. - The company recorded a net loss of RMB 26,918,000 for the six months ended June 30, 2022, compared to a net loss of RMB 29,049,000 for the same period in 2021, reflecting a reduction in losses[4]. - The company incurred a total comprehensive loss of RMB 29,611 thousand for the period, compared to a loss of RMB 27,158 thousand in the same period of 2021, indicating a 9.0% increase in losses[16]. - The company reported a loss of RMB 29,049 thousand for the period, compared to a loss of RMB 26,918 thousand in the same period of 2021, reflecting a 4.1% increase in losses[16]. - The group’s loss before tax for the period was approximately RMB 29,500,000, an increase of about 10.0% compared to RMB 26,700,000 in the same period last year, attributed to reduced fair value gains from investment properties, decreased revenue, and increased gross loss margin[94]. - The net loss for the period increased by approximately RMB 2,100,000 or 7.9% to approximately RMB 29,000,000 from RMB 26,900,000 in the same period last year, primarily due to reduced fair value gains from investment properties, decreased revenue, and increased gross loss margin, partially offset by a decrease in income tax expenses[96]. Revenue Breakdown - Room revenue for the six months ended June 30, 2022, was RMB 8,861 thousand, down 33.5% from RMB 13,407 thousand in the same period of 2021[25]. - Revenue from the resort and hotel operations decreased by approximately 33.9% to about RMB 19,600,000, with ticket revenue down by 32.9% to approximately RMB 4,100,000[86]. - Revenue from tourism property development dropped by approximately 89.0% to about RMB 400,000, primarily due to continued low demand in the real estate market[88]. - The company generated RMB 4,082 thousand from hot spring valley ticket sales for the six months ended June 30, 2022, a decrease of 32.9% compared to RMB 6,086 thousand in the same period of 2021[25]. - The company’s rental income for the six months ended June 30, 2022, was RMB 1,093 thousand, down 35.6% from RMB 1,697 thousand in the same period of 2021[25]. Assets and Liabilities - Total assets as of June 30, 2022, amounted to RMB 1,013,461,000, down from RMB 1,070,570,000 as of December 31, 2021[9]. - Total liabilities decreased to RMB 655,567,000 as of June 30, 2022, from RMB 687,221,000 as of December 31, 2021[11]. - The total accounts payable as of June 30, 2022, was RMB 41,528 thousand, down from RMB 44,417 thousand as of December 31, 2021, indicating a reduction of about 6.4%[58]. - Bank loans decreased to RMB 240,086 thousand as of June 30, 2022, compared to RMB 251,127 thousand as of December 31, 2021, reflecting a decrease of approximately 4.4%[60]. - The company’s cash and cash equivalents were RMB 165,845,000 as of June 30, 2022, down from RMB 181,301,000 as of December 31, 2021[9]. Cash Flow and Expenses - For the six months ended June 30, 2022, the company reported a net cash inflow from operating activities of RMB 1,189 thousand, a decrease of 95.2% compared to RMB 24,564 thousand in the same period of 2021[18]. - The company’s administrative expenses for the six months ended June 30, 2022, were RMB 15,197,000, a decrease from RMB 16,508,000 in the same period of 2021[4]. - The company’s financing activities resulted in a net cash outflow of RMB 15,380 thousand for the six months ended June 30, 2022, compared to an outflow of RMB 37,673 thousand in the same period of 2021, a reduction of 59.1%[18]. - The company’s total depreciation expense for the period was RMB 14,750 thousand, contributing to a cumulative depreciation of RMB 283,400 thousand as of June 30, 2022[56]. Shareholder Information - As of June 30, 2022, the company has issued a total of 980,000,000 shares, with major shareholders holding significant stakes[112]. - Mr. Han holds 336,500,000 shares, representing 34.34% of the total issued share capital[114]. - Mrs. Han, as a spouse, has rights to 350,900,000 shares, which is 35.81% of the total issued share capital[114]. - Phoenix Virtue Limited, fully owned by Add Hero Holdings Limited, holds 286,000,000 shares, accounting for 29.18% of the total issued share capital[117]. - Mr. Li holds 97,500,000 shares, which is 9.95% of the total issued share capital[114]. Corporate Governance - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with GEM listing rules[119]. - The company has complied with the corporate governance code, except for the dual role of Mr. Han as both Chairman and CEO, which is under review for compliance[123]. - The board aims to appoint at least one director of a different gender by December 31, 2024, to comply with GEM listing rules[123]. - The company plans to regularly review the necessity of separating the roles of Chairman and CEO to enhance governance[123]. Future Plans and Strategies - The company is considering developing five-star hotels and wellness facilities through self-use or leasing, which will be included in the hotel and resort operations segment[30]. - The company aims to continue enhancing its position in the hot spring and hotel industry, as stated in its business objectives[74]. - The company is actively pursuing strategic partnerships to bolster its growth and market expansion efforts[150]. - The company is focused on expanding its market presence through new product and technology development[150].

Financial Performance - Revenue for the first quarter of 2022 was RMB 12,925,000, a decrease of 28.2% compared to RMB 18,006,000 in 2021[5] - The company reported a gross loss of RMB (1,291,000), a decline of 155.8% from a gross profit of RMB 2,313,000 in the previous year[5] - Operating loss increased by 77.6% to RMB (9,312,000) from RMB (5,242,000) year-over-year[5] - Loss before tax rose by 39.5% to RMB (13,357,000) compared to RMB (9,576,000) in the same period last year[5] - Basic and diluted loss per share was RMB (1.35), an increase of 36.6% from RMB (0.99) in the prior year[5] - EBITDA for the first quarter was RMB (460,000), a decline of 114.5% from RMB 3,172,000 in the previous year[7] - EBITDAF was RMB 230,000, down 80.7% from RMB 1,192,000 in the same period last year[7] - Adjusted EBITDAF was RMB 230,000, a decrease of 83.3% from RMB 1,374,000 in the previous year[7] - For the three months ended March 31, 2022, the total comprehensive loss amounted to RMB 13,023 thousand, compared to a loss of RMB 9,808 thousand for the same period in 2021, representing a year-over-year increase of approximately 32.5%[20] - Basic and diluted loss per share for the three months ended March 31, 2022, was RMB (1.35), compared to RMB (0.99) for the same period in 2021, indicating a 36.4% increase in loss per share[20] - The group recorded a gross loss of approximately RMB 1,300,000, compared to a gross profit of about RMB 2,300,000 in the same period last year, reflecting the adverse effects of the COVID-19 outbreak[46] - The group's net loss increased by approximately RMB 3,500,000 or about 36.6% to approximately RMB 13,200,000, aligning with the revenue decline[50] - The group recorded a total comprehensive loss of RMB 13,186 thousand for the period, compared to RMB 9,656 thousand in the previous year, reflecting a significant increase in losses[37] Revenue Breakdown - Revenue from resort operations for the three months ended March 31, 2022, was RMB 12,925 thousand, down 35.1% from RMB 20,055 thousand in the same period of 2021[31] - Revenue from room sales decreased to RMB 5,688 thousand in Q1 2022, a decline of 35.5% compared to RMB 8,747 thousand in Q1 2021[31] - The income from dining services for the three months ended March 31, 2022, was RMB 2,040 thousand, down 40.4% from RMB 3,420 thousand in the same period of 2021[31] - The group's revenue for the three months ended March 31, 2022, was approximately RMB 12,900,000, a decrease of about 35.6% compared to RMB 20,100,000 for the same period in 2021[39] - Revenue from the group's hot spring resort and hotel operations decreased by approximately 28.2% to about RMB 12,900,000, primarily due to the impact of COVID-19 on local cultural tourism demand[40] Occupancy and Room Rates - Average occupancy rate for luxury resorts was 39.6%, down from 59.1% in the previous year[14] - Average room rate for luxury resorts was RMB 819, slightly down from RMB 845 in the previous year[14] - The average room rate for the group's theme hotels slightly decreased from approximately RMB 336.8 to RMB 336.6, mainly due to reduced rates in mid-range and luxury resorts[40] Shareholder Information - As of March 31, 2022, the company had a total of 980,000,000 shares issued, with major shareholders holding significant stakes[54][58] - Mr. Han holds 336,500,000 shares, representing 34.84% of the total issued share capital[53][54] - Harvest Talent, a related corporation, holds 336,500,000 shares, accounting for 34.34% of the total issued share capital[57][58] - Phoenix Virtue Limited, fully owned by Add Hero Holdings Limited, holds 286,000,000 shares, which is 29.18% of the total issued share capital[61] - Mr. Li holds 97,500,000 shares, representing 9.95% of the total issued share capital[62] - The total number of shares held by Mr. Han and his spouse amounts to 341,400,000 shares, which is 34.84% of the total issued share capital[57][60] Corporate Governance - The company has adhered to the corporate governance code, except for the dual role of the Chairman and CEO held by Mr. Han, which the board believes enhances business planning and decision-making efficiency[66] - The company is committed to high standards of corporate governance to ensure sustainable growth and maximize shareholder value[66] - The company plans to regularly review the necessity of appointing different individuals for the roles of Chairman and CEO to maintain good corporate governance[66] Stock Options - The company has a stock option plan, with details on the options and their changes available in the "Stock Option Plan" section[56] - As of March 31, 2022, a total of 46,060,000 stock options were granted under the stock option plan, with an exercise price of HKD 0.62[69] - The stock options granted are subject to a vesting schedule, with 25% of the total shares to be issued exercisable from April 5, 2018, to April 4, 2025[71] - The total number of stock options exercised during the reporting period was zero, indicating no options were exercised[69] Business Operations - The company has not indicated any new product launches or market expansion strategies during this reporting period[28] - The group did not record any revenue from tourism property development during the period, attributed to weak demand in the general real estate market[43] - The company has not entered into any management contracts related to its business during the three months ending March 31, 2022[65] - There were no reported interests in competing businesses by directors or major shareholders during the same period[63] - The company did not purchase, redeem, or sell any of its securities during the three months ended March 31, 2022[71] Future Outlook - The group anticipates continued demand for health and wellness services as public awareness of health increases post-COVID-19[51] - Management plans to enhance the quality and brand recognition of the group's offerings, focusing on health and wellness as core business areas[51] - The group aims to expand its hotel portfolio domestically to diversify revenue sources further[51] Miscellaneous - The foreign exchange difference for the period was RMB 163 thousand, compared to a loss of RMB (152) thousand in the same period of 2021[20] - The company's total rentable room nights available, excluding rooms under renovation or maintenance, were reported[100] - The total already rented room nights, including complimentary stays for guests and owners, were highlighted[101] - The company's audit committee reviewed the unaudited consolidated financial performance for the three months ended March 31, 2022, ensuring compliance with applicable accounting standards[72]

GuDou 古兜控股有限公司 Gudou Holdings Limited (於開曼群島註冊成立的有限公司) 股份代號：8308 溫泉 / 文旅 / 健康 / 養生 年 報 2021 香港聯交所GEM之特色 GEM之定位，乃為相比起其他在香港聯交所上市之公司帶有較高投資風險之中小型公司提供一個上市之市場。有 意投資者應了解投資於該等公司之潛在風險，並應經過審慎周詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於香港聯交所主板買賣之證券承受較大之市場 波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及香港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，概不對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GEM上市規則而刊載，旨在提供有關本公司的資料；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，確認就其所深知及確信，本報告所載資料在各重要方面均屬準確完備， 沒有誤導或欺詐成份，且並無遺漏任何其他事項，足以令致本報告或其所 ...

(Incorporated in the Cayman Islands with limited liability) Stock Code: 8308 溫泉 文旅 健康 養生 溫泉 文旅 健康 養生 2021 THIRD QUARTERLY REPORT (於開曼群島註冊成立的有限公司) 股份代號： 8308 2021 第三季度業績報告 香港聯合交易所有限公司GEM之特色 GEM之定位，乃為相比起其他在香港聯交所上市之公司帶有較高投資風險之 中小型公司提供一個上市之市場。準投資者應了解投資於該等公司之潛在風 險，並應經過審慎周詳之考慮後方作出投資決定。 由於 GEM上市公司普遍為中小型公司，在 GEM買賣之證券可能會較於香港 聯交所主板買賣之證券承受較大之市場波動風險，同時無日法保證在GEM買 賣之證券會有高流通量之市場。 香港交易及結算所有限公司及香港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，概不對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。 本報告之資料乃遵照 GEM上市規則而刊載，旨在提供有關本公司之資料；董 事願就本報告之資料 ...

Revenue Performance - Revenue from hot spring resort and hotel operations for the 6 months ended June 30, 2021, was RMB 29,683,000, a decrease of 22.9% compared to RMB 38,353,000 in 2020[7] - Revenue from tourism property development increased by 171.5% to RMB 3,812,000 for the 6 months ended June 30, 2021, compared to RMB 1,404,000 in 2020[7] - Revenue for the six months ended June 30, 2021, was RMB 33,495,000, a decrease of 2.0% compared to RMB 34,828,000 in the same period of 2020[27] - The Group's revenue for the six months ended June 30, 2021, was RMB 33,495,000, an increase from RMB 24,257,000 for the same period in 2020, representing a growth of approximately 38.2%[52] - Revenue from hot spring resort and hotel operations increased by approximately 29.9% to approximately RMB 29.7 million compared to the previous year[129] - Admission income for the six months ended June 30, 2021, was RMB 6,086,000, compared to RMB 3,897,000 for the same period in 2020, showing an increase of approximately 56.2%[52] Loss and Profitability - The company reported a gross loss of RMB 1,333,000 for the 6 months ended June 30, 2021, compared to a gross profit of RMB 459,000 in 2020, representing a decrease of 394.0%[7] - Loss from operations for the 6 months ended June 30, 2021, was RMB 18,047,000, an increase of 26.2% from RMB 24,455,000 in 2020[7] - The loss before income tax for the period was RMB 26,742,000, a decrease of 21.5% compared to RMB 34,051,000 in 2020[7] - Adjusted net loss for the 6 months ended June 30, 2021, was RMB 26,728,000, a decrease of 20.0% from RMB 33,421,000 in 2020[7] - The total comprehensive loss for the period was RMB 27,158,000, which includes a loss for the period of RMB 26,918,000[35] - The Group recorded a loss of approximately RMB 26.9 million for the six months ended June 30, 2021, an improvement from a loss of RMB 34.7 million for the same period in 2020[128] Operational Metrics - Average occupancy rate for luxury resort hotels was 28% for the three months ended June 30, 2021, down from 47% in 2020[22] - Average room rate for luxury resort hotels decreased to RMB 686 for the three months ended June 30, 2021, from RMB 790 in 2020[22] - RevPAR for luxury resort hotels was RMB 191 for the three months ended June 30, 2021, compared to RMB 375 in 2020[22] - Overall average occupancy rate increased to 25% for the six months ended June 30, 2021, from 13% in 2020[22] - The occupancy rate of the Group's nine themed hotel complexes increased from approximately 13% to approximately 25% for the same period[129] - Revenue per available room (RevPAR) increased by approximately 79.3%, from approximately RMB 39 in 2020 to approximately RMB 71 in 2021[173] Financial Position - Total assets as of June 30, 2021, were RMB 1,158,454,000, a slight decrease from RMB 1,169,236,000 as of December 31, 2020[30] - Total liabilities as of June 30, 2021, were RMB 733,041,000, an increase from RMB 716,855,000 as of December 31, 2020[32] - Non-current assets as of June 30, 2021, amounted to RMB 978,545,000, compared to RMB 959,093,000 as of December 31, 2020[30] - Cash and bank balances as of June 30, 2021, were RMB 6,653,000, a significant decrease from RMB 25,518,000 as of December 31, 2020[30] - The Group's outstanding bank loans amounted to RMB 264.9 million as of June 30, 2021, with RMB 71.0 million being fixed rate borrowings[147] Shareholder Information - Major shareholders include Harvest Talent and China Aoyuan, owning 34.34% and 29.18% of the issued shares respectively as of June 30, 2021[103] - The total number of shares issued by the company as of June 30, 2021, is 980,000,000[191] - The interests of substantial shareholders are recorded in the register required under Section 336 of the SFO[189] Future Outlook and Strategy - The company is focused on enhancing its core operating performance and managing costs associated with its listing transition from GEM to the Main Board[12][13] - The Group plans to expand its tourism property development business by adopting standardized development procedures to enhance capital efficiency[115] - Major pre-sale of jointly developing property projects is expected to continue in the second half of 2021, with properties to be delivered from 2021 onwards[116] - The Group aims to enhance the "Gudou" brand through strict quality control and promotional events, including celebrations for Chinese New Year and Labor Day in 2021[118] Compliance and Governance - The company has adopted a code of conduct regarding securities transactions by Directors, ensuring compliance with GEM Listing Rules[200] - The company confirmed that all Directors complied with the required standard of dealings throughout the period[200]

Revenue Performance - Revenue from hot spring resort and hotel operations increased by 87.9% to RMB 18,006,000 compared to RMB 9,584,000 in the previous year[6] - Revenue from tourism property development surged by 359.4% to RMB 2,049,000 from RMB 446,000 year-on-year[6] - The total revenue for the first quarter of 2021 was RMB 20,055,000 (approximately $3.1 million), a significant increase from RMB 10,030,000 in the same period of 2020, representing a growth of 99.9%[18] - The company reported revenue of approximately RMB 20,100,000 for the three months ended March 31, 2021, representing a 100.0% increase compared to RMB 10,000,000 for the same period in 2020[40] - Revenue from resort operations, including ticket sales from the hot spring valley, was RMB 3,372,000, up from RMB 1,056,000 in the previous year, marking an increase of 219.0%[33] - Hotel room revenue reached RMB 8,747,000 in the first quarter of 2021, compared to RMB 3,852,000 in the same period of 2020, representing a growth of 127.5%[33] - Ticket revenue increased to approximately RMB 3,400,000, a 219.3% increase compared to RMB 1,100,000 in the same period of 2020, driven by an increase in visitor numbers[53] - Room revenue rose to approximately RMB 8,700,000, a 127.1% increase from RMB 3,900,000 in the same period of 2020, due to growing demand for luxury resort hotels[53] Profitability and Loss - Gross profit improved to RMB 2,313,000 from a gross loss of RMB 6,308,000, marking a 136.7% increase[6] - The gross profit for the first quarter of 2021 was RMB 2,313,000, compared to a gross loss of RMB 6,308,000 in the first quarter of 2020, indicating a turnaround in profitability[18] - The total comprehensive loss for the first quarter of 2021 was RMB 9,808,000, down from RMB 21,890,000 in the first quarter of 2020, showing a decrease of 55.2%[20] - Operating loss decreased by 68.6% to RMB 5,242,000 from RMB 16,702,000 year-on-year[6] - The operating loss for the first quarter of 2021 was RMB 5,242,000, a substantial improvement from an operating loss of RMB 16,702,000 in the same quarter of the previous year, reflecting a reduction of 68.7%[18] - Loss before tax reduced by 55.6% to RMB 9,576,000 compared to RMB 21,589,000 in the previous year[6] - The company recorded a pre-tax loss of approximately RMB 9,600,000, down from RMB 21,600,000 in the same period last year, reflecting increased revenue[48] - Net loss attributable to owners decreased by 55.7% to RMB 9,656,000 from RMB 21,815,000 year-on-year[6] - The net loss attributable to the company's owners for the three months ended March 31, 2021, was approximately RMB 9,700,000, a decrease of about 55.7% from RMB 21,800,000 for the same period in 2020[51] Occupancy and Room Rates - Average occupancy rate for luxury resorts dropped to 16.8% from 59.1% in the previous year[15] - Average room rate for luxury resorts slightly decreased to RMB 808 from RMB 845 year-on-year[15] - The occupancy rate of the company's themed hotels increased from approximately 10.9% to about 26.3% during the reporting period[41] - The average room rate for the company's themed hotels increased from approximately RMB 271.4 to about RMB 336.8, reflecting higher contributions from luxury resort hotels[41] Future Plans and Market Strategy - The company plans to continue investing in the renovation of the Gudou Hot Spring Resort, which significantly impacts its cost structure[9] - The company plans to continue expanding its market presence and enhance its service offerings in the tourism sector[30] - The company is focused on developing new products and services to drive future growth and improve overall financial performance[30] - The company anticipates continued demand for health and wellness services, driven by increased public awareness of health since the COVID-19 outbreak[52] - The company plans to continue focusing on health and wellness tourism, expanding its offerings in dining and spa services to enhance secondary spending at its resorts[53] - Two new city hotels opened in the first quarter of 2021, contributing to the group's revenue[53] - The management aims to seek opportunities to expand its hotel footprint domestically to diversify revenue sources further[53] Corporate Governance and Compliance - The company has complied with applicable corporate governance code provisions, except for the chairman and CEO positions being held by the same individual, which is under regular review by the board[66] - The company is committed to high standards of corporate governance to ensure sustainable growth and maximize shareholder value[66] - The company is committed to adhering to the GEM listing rules, ensuring compliance with regulatory standards[96] - The audit committee has reviewed the report and the group's unaudited consolidated financial performance for the three months ending March 31, 2021, ensuring compliance with applicable accounting standards[75] Share Options and Securities - The company has adopted a share option scheme since November 18, 2016, which became unconditional after listing and is valid for 10 years[67] - A total of 47,040,000 share options were granted as of April 5, 2017, with an exercise price of HKD 0.62[69] - The share options can be exercised in specified periods, with 25% of the total shares to be issued upon exercise[71] - The company has not purchased, redeemed, or sold any of its listed securities during the three months ending March 31, 2021[74] Development and Expansion - The total area of the target land for development at the resort is approximately 67,860.7 square meters, indicating potential for future expansion[111] - The company is focused on enhancing its offerings through new product and technology development, although specific details were not provided in the report[111] - The company operates the "Yuequan Lake Resort Hotel," which began operations in July 2019, contributing to the overall portfolio[111] Financial Reporting - The financial report covers the three-month period ending March 31, 2021, providing insights into the company's performance during this timeframe[103] - The report indicates that the company is owned entirely by Mr. Han, who is also the founder and chairman, highlighting strong leadership[95] - The report does not provide specific financial figures or percentages related to revenue or profit, indicating a need for further detailed financial disclosures[112] - As of March 31, 2021, the company has not received any notification from individuals (excluding directors or senior executives) regarding ownership interests in the company's shares or related shares[62] - No management or administrative contracts related to significant parts of the company's business were established or are in effect during the three months ending March 31, 2021[65] - No interests were held by directors or controlling shareholders in any competing businesses as of March 31, 2021[63]