Perfect Optronics Limited 圓 美 光 電 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) Stock Code 股份代 號 : 8311 （於開曼群島註冊成立之有限公司） 2024 年 報 ANNUAL REPORT www.perfect-optronics.com Perfect Optronics Limited 圓 美 光 電 有 限 公 司 Perfect Optronics Limited A n n u al Report 2024 年 報 圓美光電有限公司 CHARACTERISTICS OF GEM ("GEM") OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment ...

Financial Performance - The company reported a revenue of HKD 92,605,000 for the year ending December 31, 2024, a decrease of 25.6% compared to HKD 124,255,000 in 2023[3]. - Gross profit for the year was HKD 10,654,000, down 30.5% from HKD 15,294,000 in the previous year[3]. - The operating loss increased to HKD 43,481,000, compared to a loss of HKD 20,665,000 in 2023, indicating a significant decline in operational performance[3]. - The net loss for the year was HKD 43,641,000, which is a 110.5% increase from the net loss of HKD 20,720,000 in the prior year[3]. - The group reported a loss attributable to equity holders of HKD 42,906,000 for the year 2024, compared to a loss of HKD 19,104,000 in 2023, resulting in a basic and diluted loss per share of HKD 2.89[25]. - The loss attributable to equity holders of the company increased to approximately HKD 42,906,000, up from approximately HKD 19,104,000 in the previous year, representing an increase in loss of about HKD 23,802,000[33]. - Other net losses for the year amounted to approximately HKD 18,818,000, compared to other net income of approximately HKD 10,956,000 in 2023[41]. Assets and Liabilities - The company's total assets decreased to HKD 58,357,000 from HKD 116,131,000 in 2023, reflecting a 49.8% decline[4]. - Cash and cash equivalents fell to HKD 24,407,000, down 48.6% from HKD 47,372,000 in the previous year[4]. - The company’s net current assets were HKD 41,117,000, a decrease of 18.2% from HKD 50,301,000 in 2023[9]. - Non-current assets as of December 31, 2024, totaled HKD 6,010,000, compared to HKD 5,491,000 as of December 31, 2023[18]. - The company's accounts receivable decreased from HKD 7,944,000 in 2023 to HKD 4,871,000 in 2024[28]. - Accounts payable decreased significantly from HKD 19,034,000 in 2023 to HKD 8,250,000 in 2024[29]. - The company's capital debt ratio as of December 31, 2024, was 8.4%, compared to 5.1% in 2023[48]. Revenue Breakdown - The group's revenue from major products for the year ended December 31, 2024, was HKD 92,605,000, a decrease of 25.5% from HKD 124,255,000 in 2023[16]. - The revenue from TFT-LCD panels and modules was HKD 40,161,000, down 52.2% from HKD 83,992,000 in the previous year[16]. - Sales revenue from TFT-LCD panels and modules was approximately HKD 40,161,000, a decline of about 52% from approximately HKD 83,992,000 in 2023[34]. - Sales revenue from electronic advertising products was approximately HKD 12,997,000, down about 7% from approximately HKD 14,029,000 in 2023[34]. - Sales revenue from optical products increased to approximately HKD 25,594,000, up about HKD 20,600,000 from approximately HKD 4,994,000 in 2023[35]. - Sales revenue from health-related products was approximately HKD 12,799,000, a decrease of about 30% from approximately HKD 18,209,000 in 2023[35]. Cost Management and Future Plans - The company plans to implement cost control measures, including adjustments to human resources and streamlining other operating expenses[10]. - The group plans to enhance cash flow and working capital by adjusting sales activities and deferring discretionary capital expenditures if necessary[14]. - The group's operating expenses control measures are aimed at improving cash flow, with a focus on reducing costs and enhancing sales[14]. Going Concern and Uncertainties - The board has expressed significant uncertainty regarding the company's ability to continue as a going concern due to ongoing losses and market challenges[9]. - The board believes that the group will have sufficient financial resources to meet its financial obligations for at least the next twelve months from December 31, 2024[11]. Dividends and Shareholder Information - The group did not declare any dividends for the current year, consistent with the previous year[26]. - The board of directors does not recommend or declare any dividends for the year (2023: none) [52]. - The company has not declared any dividends since its investment in Outermost Technology in January 2015[27]. Legal and Governance Matters - The company is currently involved in legal proceedings initiated by the Securities and Futures Commission regarding alleged breaches of duties by certain directors[54]. - The company has adopted the principles and code provisions of the Corporate Governance Code as per GEM Listing Rules Appendix C1[56]. - The audit committee, established on January 20, 2014, consists of three independent non-executive directors and has reviewed the annual audited results[58]. - The company's auditor, PwC, confirmed that the figures in the preliminary results announcement are consistent with the audited financial statements[59]. Meeting and Share Transfer Information - The annual general meeting is scheduled for June 12, 2025, with a suspension of share transfer registration from June 9 to June 12, 2025[60][61].

Financial Performance - For the six months ended June 30, 2024, the group recorded revenue of approximately HKD 52.5 million, a decrease of 21.1% compared to HKD 66.5 million for the same period in 2023[7]. - The profit attributable to equity holders for the six months ended June 30, 2024, was approximately HKD 2.3 million, a significant improvement from a loss of HKD 3.9 million in the same period of 2023[7]. - Gross profit for the six months ended June 30, 2024, was HKD 6.5 million, compared to HKD 10.1 million for the same period in 2023, reflecting a gross margin decrease[8]. - Operating profit for the six months ended June 30, 2024, was HKD 1.9 million, a turnaround from an operating loss of HKD 4.5 million in the same period of 2023[8]. - Total comprehensive income for the six months ended June 30, 2024, amounted to HKD 1.98 million, compared to a loss of HKD 4.1 million in the same period of 2023[9]. - The basic and diluted earnings per share for the six months ended June 30, 2024, was HKD 0.15, compared to a loss per share of HKD 0.26 in the same period of 2023[9]. - The group reported a profit attributable to equity holders of HKD 2,250 for the six months ended June 30, 2024, compared to a loss of HKD 3,859 in the same period of 2023[39]. - Basic and diluted earnings per share for the six months ended June 30, 2024, were HKD 0.15, recovering from a loss of HKD 0.26 in 2023[39]. Revenue Breakdown - Revenue from the company's main products for the six months ended June 30, 2024, totaled HKD 21,372,000 for TFT-LCD panels and modules, compared to HKD 16,176,000 for the same period in 2023, indicating a growth of 32.5%[29]. - Total revenue from electronic billboards reached HKD 7,332,000, an increase from HKD 5,023,000 year-over-year, representing a growth of 46.0%[29]. - Health-related product revenue decreased to HKD 6,884,000 from HKD 11,913,000, reflecting a decline of 42.1%[29]. - Revenue from external customers in Hong Kong was HKD 46,991,000, down from HKD 60,259,000, a decrease of 22.0%[30]. - The company's revenue from mainland China dropped to HKD 3,208,000 from HKD 5,888,000, a decline of 45.5%[30]. Cash Flow and Assets - As of June 30, 2024, total assets were HKD 115.8 million, slightly down from HKD 116.1 million as of December 31, 2023[10]. - The company's cash and cash equivalents decreased to HKD 37.2 million from HKD 47.4 million as of December 31, 2023[10]. - The total financial assets as of June 30, 2024, amounted to HKD 96,528 thousand, up from HKD 91,118 thousand as of December 31, 2023, reflecting a 5.5% increase[17]. - The company reported a net cash used in investing activities of HKD (563) thousand for the six months ended June 30, 2024, compared to a net cash generated of HKD 100 thousand in the same period of 2023[13]. - The company’s cash flow from financing activities was HKD (1,962) thousand for the six months ended June 30, 2024, compared to HKD (2,457) thousand in the same period of 2023, indicating a 20.2% improvement[13]. Liabilities and Equity - Total liabilities decreased to HKD 25.0 million as of June 30, 2024, from HKD 27.4 million as of December 31, 2023[11]. - The total liabilities decreased from HKD 23,067 thousand as of December 31, 2023, to HKD 22,220 thousand as of June 30, 2024, showing a reduction of 3.7%[17]. - The company’s bank loans decreased slightly from HKD 4,519 thousand to HKD 4,168 thousand, a decline of 7.7%[17]. - The company’s lease liabilities decreased from HKD 3,407 thousand to HKD 2,300 thousand, representing a significant reduction of 32.5%[17]. - The group’s debt-to-equity ratio as of June 30, 2024, was 4.6%, down from 5.1% as of December 31, 2023[65]. Shareholder Information - As of June 30, 2024, Mr. Zheng Weide holds 923,427,151 shares through Winful Enterprises, representing 62.24% of the company's issued shares[77]. - Mr. Zheng Weide is also the beneficial owner of an additional 2,220,000 shares, bringing his total ownership to 925,647,151 shares, or 62.39%[77]. - The company has a stock option plan with 132,000,000 options available as of January 1, 2024, which expired on January 19, 2024[81]. - The new stock option plan approved on June 18, 2024, allows for 148,368,715 options to be granted[81]. - The company did not repurchase any shares during the reporting period, nor did it buy or sell any of its shares[83]. Corporate Governance - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with GEM listing rules[84]. - The company has established a non-competition agreement with its controlling shareholder, Mr. Zheng Weide, to prevent competition with its existing business activities[85]. - The company has adopted the principles and code provisions of the corporate governance code as per GEM Listing Rules Appendix C1 and has complied with all code provisions during the reporting period[90]. - There has been a change in the board of directors, with Mr. Cao Zhiguang resigning as an independent non-executive director effective July 1, 2024, and Mr. Liu Yiji appointed as his replacement[91]. - The company has established an audit committee consisting of three independent non-executive directors, with Ms. Xu Huimin serving as the chairperson[92]. Legal Matters - The company is currently involved in legal proceedings initiated by the Securities and Futures Commission regarding the sale of approximately 50.14% of its subsidiary's shares[88]. - As of September 25, 2020, the directors involved in the legal proceedings have suspended their duties, including the Chairman and CEO[88].

(Incorporated in the Cayman Islands with limited liability) Stock Code 股份代 號 : 8311 （於開曼群島註冊成立之有限公司） 2023 年 報 ANNUAL REPORT Perfect Optronics Limited 圓 美 光 電 有 限 公 司 www.perfect-optronics.com Perfect Optronics Limited 圓 美 光 電 有 限 公 司 Perfect Optronics Limited A n n u al Report 2023 年 報 圓美光電有限公司 CHARACTERISTICS OF GEM ("GEM") OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment ...

本公司於二零一三年六月十三日根據開曼群島公司法（修訂本）在開曼群島註冊成立為一間獲豁免有 限公司。其註冊辦事處位於Windward 3, Regatta Office Park, PO Box 1350, Grand Cayman KY1- 1108, Cayman Islands。本公司股份於GEM上市。 (c) 本年度來自主要客戶（佔本集團總收入10%或以上）的收入披露如下： 已發行及繳足： 於二零二二年一月一日、二零二二年十二月三十一日、 二零二三年一月一日及二零二三年十二月三十一日 1,483,687,151 14,837 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之任何損失承擔任何責任。 Perfect Optronics Limited 圓美光電有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8311） 截至二零二三年十二月三十一日止年度業績公告 香港聯合交易所有限公司（「聯交所」）GEM（「GEM」）的特色 GEM的定位，乃為中小型公司提供一個上市的 ...

Financial Performance - For the nine months ended September 30, 2023, the group recorded revenue of approximately HKD 93.6 million, a decrease of 63.6% compared to HKD 257.3 million for the same period in 2022[5]. - The company reported a loss attributable to equity holders of approximately HKD 11.3 million for the nine months ended September 30, 2023, compared to a profit of HKD 6.2 million for the same period in 2022[5]. - The gross profit for the nine months ended September 30, 2023, was HKD 13.1 million, down from HKD 60.8 million in the same period of 2022, reflecting a significant decline in sales[22]. - Operating loss for the nine months ended September 30, 2023, was HKD 12.3 million, compared to an operating profit of HKD 9.3 million for the same period in 2022[22]. - The company experienced a net loss before tax of HKD 12.3 million for the nine months ended September 30, 2023, compared to a profit before tax of HKD 9.0 million in the same period of 2022[22]. - The total comprehensive loss attributable to equity holders for the nine months ended September 30, 2023, was HKD 12.3 million, compared to a total comprehensive income of HKD 5.3 million for the same period in 2022[7]. - The company reported a basic and diluted loss per share of HKD 0.76 for the nine months ended September 30, 2023, compared to earnings per share of HKD 0.42 for the same period in 2022[7]. - The company recorded a net loss of HKD 337,000 for the three months ended September 30, 2023, compared to a net gain of HKD 5,741,000 in the same period of 2022[32]. - The company reported a loss attributable to equity holders of approximately HKD 11,307,000 for the period, compared to a profit of approximately HKD 6,198,000 in the same period of 2022[47]. - The company's revenue for the nine months ended September 30, 2023, was approximately HKD 93,595,000, a decrease of about 64% compared to approximately HKD 257,337,000 for the same period in 2022[62]. - The company recorded a comprehensive loss attributable to equity holders of approximately HKD 11,307,000 for the period, compared to a profit of approximately HKD 6,198,000 for the same period in 2022[62]. - The gross profit for the period was approximately HKD 13,123,000, down about 78% from approximately HKD 60,762,000 for the nine months ended September 30, 2022[68]. Sales Performance - For the nine months ended September 30, 2023, the sales of TFT-LCD panels and modules amounted to approximately HKD 65,849,000, a decrease of about 51% compared to approximately HKD 135,210,000 for the same period in 2022[41]. - Sales of health-related products for the nine months ended September 30, 2023, were approximately HKD 14,823,000, down about 81% from approximately HKD 76,318,000 in the same period of 2022[42]. - The sales of polarizers dropped significantly from approximately HKD 35,864,000 for the nine months ended September 30, 2022, to about HKD 663,000 in the same period of 2023[41]. - Sales of optical products reached approximately HKD 3,104,000, an increase of about 426% compared to approximately HKD 590,000 in the same period of 2022, driven mainly by the growth in automotive heads-up display components[64]. - Sales of electronic advertising board products were approximately HKD 7,489,000, representing a growth of about 32% compared to approximately HKD 5,687,000 in the same period of 2022[64]. Expenses and Cost Management - General and administrative expenses decreased to approximately HKD 16,738,000, a reduction of about 14% from approximately HKD 19,494,000 in the same period of 2022[46]. - The company's distribution and selling expenses were approximately HKD 15,327,000, a decrease of about 19% from approximately HKD 18,951,000 in the same period of 2022[69]. - Research and development expenses for the nine months ended September 30, 2023, amounted to HKD 686,000, slightly down from HKD 748,000 in the same period of 2022[22]. - Financial expenses for the period included interest expenses of approximately HKD 127,000 for bank loans and HKD 119,000 for lease liabilities[47]. Corporate Governance and Compliance - The board of directors did not declare an interim dividend for the nine months ended September 30, 2023, consistent with the previous year[5]. - The company has adopted the principles and code provisions of the Corporate Governance Code as set out in the GEM Listing Rules, ensuring compliance during the reporting period[17]. - The company is evaluating the impact of new accounting standards on its performance and financial position[29]. Market and Strategic Developments - The company noted signs of stabilization and gradual recovery in the display panel market despite ongoing challenges[66]. - The company plans to continue diversifying its health-related product offerings to align with market demand driven by increased public health awareness post-pandemic[66]. - The company aims to broaden and optimize its product portfolio to mitigate adverse impacts from individual products[66]. - The company launched health products in response to increased public health awareness during the period[42]. - The company continues to face challenges due to low demand for consumer electronics amid an unstable macroeconomic environment[41]. Legal and Management Changes - There are ongoing legal proceedings related to claims made by the Securities and Futures Commission, which the company intends to actively contest[92]. - The board of directors has suspended the chairman and CEO pending the outcome of the legal proceedings, with an independent non-executive director appointed as acting chairman[96]. Investments - The fair value of financial assets measured at fair value through profit or loss amounted to approximately HKD 32,604,000 as of September 30, 2023, compared to HKD 25,201,000 as of December 31, 2022[33]. - The fair value of the investment in Mobvoi increased to approximately HKD 32,604,000 as of September 30, 2023, representing a growth of about 29% from HKD 25,201,000 as of December 31, 2022[43]. - The company recorded a fair value gain of approximately HKD 7,403,000 during the period, compared to a fair value loss of approximately HKD 12,581,000 in the same period of 2022[43]. - The company's stake in a Taiwanese private company involved in separator membranes for lithium batteries was diluted to approximately 0.96% as of September 30, 2023, down from 2% as of December 31, 2022[44]. - Mobvoi has developed and launched a series of AI-generated content products and submitted its listing application to the stock exchange in May 2023[43]. - The company did not redeem any shares during the period, nor did it purchase or sell any of its shares[52]. - The company’s investment in Mobvoi represents a holding of approximately 1.57% as of September 30, 2023[43].

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之任何損失承擔任何責任。 Perfect Optronics Limited 圓 美 光 電 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8311） 截至二零二三年九月三十日止九個月 第三季度業績公告 香港聯合交易所有限公司（「聯交所」）GEM（「GEM」）的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所主板 上市的公司帶有較高投資風險。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。 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。 本公告的資料乃遵照《香港聯合交易所有限公司的GEM證券上巿規則》（「GEM上市規則」） 而刊載，旨在提供有關圓美光電有限公司（「本公司」）的資料；本公司董事（「董事」）願就 ...

於本期間，本集團的一般及行政開支為約11,305,000港元，較截至二零二二年六月三十 日止六個月的約13,992,000港元減少約19%。減少主要由於員工成本及銀行費用減少 所致。 儘管本集團本期間按公允價值計入損益之金融資產錄得公允價值收益約7,551,000港 元，而截至二零二二年六月三十日止六個月則錄得公允價值虧損約18,213,000港元，主 要由於本集團之健康相關產品及TFT-LCD面板及模組之銷售大幅減少所致，本集團本期 間錄得本公司權益持有人應佔虧損約3,859,000港元，而截至二零二二年六月三十日止 六個月則錄得本公司權益持有人應佔利潤約2,515,000港元。 | --- | --- | --- | |------------------|------------------------------|----------------------------------| | | 二零二三年 六月三十日 千港元 | 二零二二年 十二月三十一日 千港元 | | | | | | 美元（「美元」） | 31,386 | 39,487 | | | | | | 港元 | 29,543 | 39,00 ...

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之任何損失承擔任何責任。 Perfect Optronics Limited 圓 美 光 電 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8311） 截至二零二三年六月三十日止六個月 中期業績公告 香港聯合交易所有限公司（「聯交所」）GEM（「GEM」）的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所主板 上市的公司帶有較高投資風險。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。 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。 本公告的資料乃遵照《香港聯合交易所有限公司的GEM證券上巿規則》（「GEM上市規則」） 而刊載，旨在提供有關圓美光電有限公司（「本公司」）的資料；本公司董事（「董事」）願就 ...

Financial Performance - For the three months ended March 31, 2023, the group recorded revenue of approximately HKD 36.8 million, a decrease of 74.5% compared to HKD 144.1 million for the same period in 2022[6]. - The loss attributable to equity holders of the company for the three months ended March 31, 2023, was approximately HKD 4.7 million, compared to a profit of HKD 23.1 million for the same period in 2022[6]. - The gross profit for the three months ended March 31, 2023, was HKD 6.2 million, down from HKD 42.2 million in the same period of 2022, reflecting a significant decline in sales[7]. - Operating loss for the three months ended March 31, 2023, was HKD 4.9 million, compared to an operating profit of HKD 26.2 million in the same period of 2022[7]. - The total comprehensive loss for the period attributable to equity holders was HKD 4.8 million, compared to a total comprehensive income of HKD 23.1 million for the same period in 2022[16]. - The company's revenue for the three months ended March 31, 2023, was approximately HKD 36,734,000, a decrease of about 75% compared to HKD 144,125,000 for the same period in 2022[83]. - The loss attributable to equity holders for the period was approximately HKD 4,685,000, compared to a profit of HKD 23,093,000 for the same period in 2022[67]. - The basic and diluted loss per share for the three months ended March 31, 2023, was HKD 0.32, compared to earnings of HKD 1.56 per share in the same period of 2022[16]. Sales and Revenue Breakdown - Sales of TFT-LCD panels and modules amounted to approximately HKD 25,994,000, a decrease of about 65% from HKD 73,569,000 in the same period last year[69]. - Sales of health-related products were approximately HKD 6,856,000, down about 88% from HKD 55,029,000 in the same period last year[70]. - Revenue from electronic advertising boards, including digital information displays, electronic shelf displays, and electronic whiteboards, increased by approximately 37%, rising from about HKD 2,521,000 in the previous year to approximately HKD 3,460,000[101]. Expenses and Cost Management - The company's general and administrative expenses for the period were approximately HKD 5,627,000, a reduction of about 22% from HKD 7,232,000 for the same period in 2022[73]. - Distribution and selling expenses decreased by approximately 47%, from about HKD 9,371,000 in the previous year to approximately HKD 4,993,000, primarily due to reduced sales and lower commission, transportation, and promotion costs related to health-related products[104]. - Research and development expenses for the period were approximately HKD 219,000, a decrease of about 13% from HKD 253,000 in the same period last year[89]. Corporate Governance and Management - The board of directors did not declare an interim dividend for the three months ended March 31, 2023, consistent with the previous year[6]. - The company has complied with all provisions of the corporate governance code during the reporting period[55]. - The board of directors and key executives hold a total of 62.39% of the company's issued shares as of March 31, 2023[39]. - The chairman and CEO have suspended their positions pending the outcome of legal proceedings[116]. - An independent non-executive director has been appointed as acting chairman to replace the suspended chairman[116]. Market Outlook and Strategy - The company plans to continue expanding its health-related product offerings to meet consumer demand[86]. - The company anticipates ongoing challenges in the display panel market due to economic uncertainties[71]. - The company continues to monitor the performance of its health-related products and TFT-LCD panels, which have seen a decline in sales[107]. - The company has not disclosed any new product developments or market expansion strategies during this reporting period[25]. - The company has no plans for market expansion or new product development mentioned in the current report[100]. Financial Assets and Investments - The fair value of financial assets measured at fair value through profit or loss as of March 31, 2023, is approximately HKD 24,687,000, a decrease from HKD 25,201,000 as of December 31, 2022, representing a decline of 2.03%[30]. - The fair value change of financial assets measured at fair value through profit or loss for the three months ended March 31, 2023, resulted in a loss of HKD 514, compared to a gain of HKD 913 for the same period in 2022[61]. - The net foreign exchange gain for the three months ended March 31, 2023, was HKD 183, compared to a loss of HKD 43 for the same period in 2022[61]. - The company's ownership in Mobvoi Inc. remains at approximately 1.57% as of March 31, 2023, unchanged since the investment in January 2015[30]. - The fair value of the company's investment in Mobvoi's preferred shares was approximately HKD 24,687,000 as of March 31, 2023, a slight decrease of about 2% from approximately HKD 25,201,000 at the end of 2022[102]. Shareholder Actions and Stock Options - The company did not redeem any shares during the period, nor did it or any of its subsidiaries purchase or sell any shares of the company[93]. - The company has not issued any stock options since the adoption of the share option scheme[43]. - The company has not established any arrangements for directors to benefit from purchasing shares or bonds of the company or any other corporate entity during the period[112]. - The company has adopted a code of conduct regarding securities trading by directors, which aligns with the trading standards set out in the GEM Listing Rules[113]. - The average number of issued ordinary shares was 1,483,687,000 for both periods[67].