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） 截至二零二三年三月三十一日止三個月 第一季度業績公告 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 ...

Corporate Governance - The audit committee held a total of 4 meetings during the year, with all members attending all meetings[1]. - The remuneration committee conducted 3 meetings to review the remuneration policy and assess the performance of executive directors[7]. - The company has established a remuneration policy that includes annual adjustments based on directors' experience and responsibilities[14]. - The nomination committee held 1 meeting to discuss board structure and the re-election of directors[18]. - The audit committee reviewed the effectiveness of the company's internal control and risk management systems[24]. - The company ensures compliance with GEM Listing Rules and has provided training records for directors during the year[10]. - The remuneration committee did not recommend any changes to the existing remuneration policy and structure[7]. - The company has adopted incentive bonus schemes to align the financial well-being of the group with that of employees[14]. - The audit committee assists the board in providing an independent view of the company's financial reporting process[24]. - The company has arranged appropriate liability insurance for directors and senior management, reviewed annually[28]. - The company's board meetings were attended by all executive and independent non-executive directors, with a perfect attendance record of 4/4 for each member[32]. - The remuneration policy for directors is based on their experience, responsibilities, workload, and time dedicated to the group, with adjustments made annually by the remuneration committee[33]. - The nomination committee, consisting of three independent non-executive directors, held one meeting during the year to review the board's structure and diversity policy[35][36]. - The nomination policy includes criteria such as character, qualifications, willingness to devote time, and adherence to independence guidelines as per GEM Listing Rules[40][42]. - Directors are subject to retirement by rotation at least once every three years, with eligibility for re-election at each annual general meeting[45]. Financial Performance - Perfect Optronics Limited reported its annual results for the year ended December 31, 2022[64]. - The Group's revenue decreased from approximately HK$528.4 million in 2021 to approximately HK$301.3 million in 2022, representing a 43% decline[65]. - Sales of thin film transistor liquid crystal display (TFT-LCD) panels and modules amounted to approximately HK$155.9 million, a 64% decrease compared to 2021[66]. - Sales of polarisers decreased by 19% to approximately HK$36.6 million compared to 2021[66]. - Despite the overall revenue drop, sales of electronic signage products increased by 7% to approximately HK$16.4 million, driven by the Taiwan market[67]. - The Group recorded a consolidated profit attributable to equity holders of approximately HK$4.0 million in 2022, compared to a consolidated loss of approximately HK$43.9 million in 2021[65]. - The fair value of the Group's investment in Mobvoi Inc. decreased to approximately HK$25.2 million, with a fair value loss of approximately HK$13.3 million recognized during the year[72]. - Sales of health-related products increased significantly from approximately HK$19.2 million in 2021 to approximately HK$87.9 million in 2022, becoming a key revenue driver[99]. - The Group's sales of electronic advertising boards reached approximately HK$16.4 million, an increase of 7% compared to 2021[98]. - The decline in demand for display products was attributed to global economic recession expectations and oversupply in the market[114]. - The introduction of the "K-clean" brand and rapid antigen test kits significantly contributed to the Group's revenue growth in health-related products[119]. - The Group's flexible business strategies, including the diversification into health-related products, were key to the turnaround from loss to profit[121]. Risk Management - The Group's financial activities are exposed to various risks, including market risk, credit risk, and liquidity risk[165]. - A slowdown in the global economy may lead to decreased market demand, putting downward pressure on average selling prices and negatively impacting the Group's business[162][167]. - The Group's risk management framework ensures risks are effectively controlled in line with its risk tolerance[132]. - The audit committee has requested management to follow up on the recommendations made by the external consultant to address identified control issues[133]. - The Company has implemented a material transactions authorization policy, which includes additional authorization procedures and monthly reporting for transactions above certain thresholds[137]. - The Board concluded that the Group's risk management and internal control systems were effective and adequate, with annual reviews planned[138]. - The Group engaged CT Partners Consultants Limited to conduct a review of the effectiveness of its risk management and internal control systems, which included recommendations for improvement[129]. Shareholder Communication - The Company aims to provide high standards of disclosure and financial transparency to its shareholders and investors[144]. - The Board reviewed the effectiveness of the shareholders' communication policy, confirming its effectiveness in enhancing communication[147]. - The management emphasizes the importance of maintaining high levels of disclosure and financial transparency to shareholders and investors[177]. - The Company aims to enhance communication with shareholders through regular reports and meetings, ensuring timely and accurate information dissemination[177]. Strategic Direction - The Group aims to diversify its business and explore potential opportunities in various markets to enhance competitiveness[105]. - The Group plans to introduce more health care products to meet consumer demand and expand its health-related products business[105]. - The Group will continue to explore opportunities with new suppliers and customers from various industries to create greater value for the Company and its shareholders[156][159]. - The Group plans to widen its product diversity in the health-related products market to minimize adverse impacts from individual products[156][159].

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） 截至二零二二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。 由於在GEM上市的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 買賣的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 本公告的資料共同及個別地承 ...

Perfect Optronics Limited 圓 美 光 電 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) Stock Code: 8311 THIRD QUARTERLY REPORT Perfect Optronics Limited 圓 美 光 電 有 限 公 司 股份代 號 : 8311 （於開曼群島註冊成立之有限公司） 第三季度報告 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。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示概不就因本報告全部或任何部分內容而產生或因倚賴 該等 ...

Financial Performance - For the six months ended June 30, 2022, the group recorded revenue of approximately HKD 209.9 million, a decrease of 9.5% compared to HKD 231.2 million for the same period in 2021[4] - The profit attributable to equity holders for the six months ended June 30, 2022, was approximately HKD 2.5 million, a turnaround from a loss of HKD 3.0 million for the same period in 2021[4] - The gross profit for the six months ended June 30, 2022, was HKD 52.2 million, compared to HKD 17.7 million for the same period in 2021, indicating a significant improvement[6] - The operating profit for the six months ended June 30, 2022, was HKD 5.6 million, compared to an operating loss of HKD 3.2 million for the same period in 2021[6] - The basic and diluted earnings per share for the six months ended June 30, 2022, were HKD 0.17, compared to a loss of HKD 0.20 for the same period in 2021[8] - The company reported a net loss attributable to equity holders of HKD 2,515 thousand for the six months ended June 30, 2022, compared to a loss of HKD 3,032 thousand in the same period of 2021[57] - Basic and diluted loss per share improved to HKD 0.17 from HKD 0.20 year-on-year[57] - The company reported a profit attributable to equity holders of approximately HKD 2,515,000, a turnaround from a loss of approximately HKD 3,032,000 in the same period last year[85] Revenue Breakdown - Revenue for the six months ended June 30, 2022, was HKD 209,854 thousand, a decrease of 9.2% from HKD 231,168 thousand in the same period of 2021[44] - Revenue from health-related products significantly increased to HKD 66,191 thousand, up from HKD 12,182 thousand, representing a growth of 442%[44] - Revenue from major customers (each contributing 10% or more to total revenue) totaled HKD 58,941 thousand, down from HKD 85,523 thousand, a decline of 31.1%[47] - Sales of TFT-LCD panels and modules amounted to approximately HKD 110.067 million, a decrease of about 37% from approximately HKD 174.217 million in the same period last year[71] - Sales of polarizer products increased by approximately 8% to HKD 25.825 million, compared to HKD 23.930 million in the same period last year[71] - Revenue from electronic advertising board products was approximately HKD 3.989 million, a decrease of about 49% from approximately HKD 7.793 million in the same period last year[72] Assets and Liabilities - Total assets as of June 30, 2022, amounted to HKD 150.95 million, a decrease from HKD 195.75 million as of December 31, 2021[10] - The company's cash and cash equivalents as of June 30, 2022, were HKD 71.9 million, down from HKD 88.5 million as of December 31, 2021[10] - Inventory as of June 30, 2022, was HKD 24.6 million, significantly reduced from HKD 43.1 million as of December 31, 2021[10] - Total liabilities decreased from HKD 89,891 thousand as of December 31, 2021, to HKD 43,221 thousand as of June 30, 2022, representing a reduction of approximately 52.1%[12] - Total equity attributable to equity holders as of June 30, 2022, was HKD 109.7 million, an increase from HKD 107.3 million as of December 31, 2021[10] - Total financial expenses decreased to HKD 209 thousand from HKD 246 thousand year-on-year[50] - The company's accounts receivable increased to HKD 17.885 million as of June 30, 2022, compared to HKD 7.758 million as of December 31, 2021[64] - Total liabilities decreased to HKD 30.307 million as of June 30, 2022, from HKD 78.358 million as of December 31, 2021[64] Cash Flow and Investments - Net cash used in operating activities was HKD (13,619) thousand for the six months ended June 30, 2022, compared to HKD 7,733 thousand generated in the same period of 2021[17] - The company reported a net cash outflow of HKD 16,019 thousand for the six months ended June 30, 2022, compared to a net inflow of HKD 5,161 thousand in the same period of 2021[17] - The company held financial assets at fair value through profit or loss amounting to HKD 20,248 thousand as of June 30, 2022, down from HKD 38,461 thousand as of December 31, 2021, a decrease of approximately 47.5%[25] - The group recognized a fair value loss of approximately HKD 18,213,000 on the investment in Mobvoi for the six months ended June 30, 2022[101] Operational Challenges and Future Outlook - The company’s management reported that the ongoing COVID-19 pandemic and inflation continue to pose challenges to the global economy[70] - Future market outlook indicates challenges in the display panel market due to high inflation and uncertainties from the COVID-19 pandemic, but the company aims to seize market opportunities[77] - The company plans to continue developing the electronic advertising board market and expand into overseas markets[72] - The company plans to continue strategic deployment in health-related products and broaden product diversity to mitigate adverse impacts from individual products[77] Corporate Governance - The company has adopted a set of securities trading code of conduct for directors, which aligns with the GEM Listing Rules[119] - The company has complied with all provisions of the corporate governance code during the six months ending June 30, 2022[127] - The company has established an audit committee consisting of three independent non-executive directors[129] - There were no competitive interests held by directors or controlling shareholders during the six months ending June 30, 2022[123] - The company has confirmed that all directors have complied with the trading standards and code of conduct during the reporting period[119]

Financial Performance - The Group recorded revenue of approximately HK$528.4 million for the year, representing an increase of 155% compared to 2020[16]. - Loss attributable to equity holders of the Company for the year amounted to approximately HK$43.9 million, an increase in loss of approximately HK$27.0 million compared to the loss of approximately HK$16.9 million in 2020[16]. - The Group's revenue for the Year amounted to approximately HK$528.4 million, representing an increase of approximately 155% compared to HK$206.9 million in 2020[36]. - The Group recorded a loss attributable to equity holders of approximately HK$43.9 million, an increase in loss of approximately HK$27.0 million compared to HK$16.9 million in 2020[36]. - The Group's total revenue for the Year amounted to approximately HK$528,350,000, an increase of approximately HK$321,377,000 compared to HK$206,973,000 in 2020[64]. - The Group's total revenue for the year was approximately HK$528,350,000, an increase of about 155% compared to approximately HK$206,973,000 in 2020[69]. Sales Performance - Sales of thin film transistor liquid crystal display (TFT-LCD) panels and modules reached approximately HK$431.8 million, more than doubling compared to 2020[20]. - Revenue from electronic signage business was approximately HK$15.3 million, an increase of approximately 30% compared to 2020[20]. - Sales of polarisers amounted to approximately HK$44.9 million, representing an increase of approximately 25% compared to 2020[20]. - Sales of integrated circuits for the Year were approximately HK$7.4 million, an increase of approximately HK$6.2 million compared to 2020[20]. - Sales of health-related products amounted to approximately HK$19.2 million, an increase of approximately HK$14.7 million compared to HK$4.5 million in 2020[22]. - Sales of TFT-LCD panels and modules amounted to approximately HK$431,770,000, representing an increase of approximately HK$293,304,000 compared to approximately HK$138,466,000 in 2020[40]. - Sales of integrated circuits increased to approximately HK$7,428,000, up by approximately HK$6,232,000 from approximately HK$1,196,000 in 2020[40]. - Sales of polarisers reached approximately HK$44,865,000, reflecting a 25% increase compared to approximately HK$35,794,000 in 2020[41]. - Sales of electronic signage products amounted to approximately HK$15,266,000, representing a 30% increase compared to approximately HK$11,774,000 in 2020[42]. - Sales of health-related products increased to approximately HK$19,162,000, up by approximately HK$14,655,000 from approximately HK$4,507,000 in 2020[49]. - Sales of optics products decreased to approximately HK$3,171,000, a decline of approximately 50% compared to approximately HK$6,353,000 in 2020[46]. Cost and Expenses - The Group's cost of sales for the Year was approximately HK$510,795,000, which increased by approximately HK$320,926,000 compared to HK$189,869,000 in 2020[65]. - The total cost of sales increased to approximately HK$510,795,000, up about 170% from approximately HK$189,869,000 in 2020[70]. - Distribution and selling expenses increased by approximately 57% to about HK$15,843,000 from approximately HK$10,119,000 in 2020[74]. - General and administrative expenses decreased by approximately 5% to about HK$25,472,000 from approximately HK$26,747,000 in 2020[80]. - Research and development expenses remained stable at approximately HK$1,301,000, compared to approximately HK$1,394,000 in 2020[76]. Investment and Fair Value - The fair value of the Group's investment in Mobvoi Inc. dropped significantly during the year due to new policies in the education sector in the People's Republic of China[16]. - The fair value of the Group's investment in Mobvoi dropped significantly, resulting in a fair value loss of approximately HK$21.1 million for the Year[23]. - Fair value of the Group's investment in Mobvoi dropped to approximately HK$38,461,000 as of 31 December 2021, down from approximately HK$59,547,000 as of 31 December 2020, resulting in a fair value loss of approximately HK$21,086,000 during the Year[52]. - A fair value loss of approximately HK$21,086,000 was recognized on the investment in Mobvoi during the year[131]. Financial Position and Liquidity - The current ratio decreased to 1.7 times from 2.3 times in 2020, indicating a reduction in liquidity[96]. - As of December 31, 2021, the Group's cash and cash equivalents amounted to approximately HK$88,512,000, an increase from HK$76,403,000 in 2020, representing a growth of 14%[99]. - The Group's total bank borrowings as of December 31, 2021, were approximately HK$5,888,000, compared to nil in 2020[102]. - The Group's unutilized banking facilities restricted for trade finance purposes amounted to approximately HK$15.6 million as of December 31, 2021[106]. - The Group charged its trade receivables of approximately HK$5,377,000 in favor of a bank to secure banking facilities as of December 31, 2021[121]. - The Group's management has adopted a prudent financial management approach, maintaining a healthy liquidity position throughout the year[109]. - The Group has no material contingent liabilities as of December 31, 2021, maintaining a risk-averse financial position[120]. Corporate Governance - The Company complied with all code provisions of the Corporate Governance Code throughout the year[150]. - The Board comprises four executive Directors and five independent non-executive Directors as of the date of the annual report[153]. - The company has complied with all provisions of the corporate governance code effective during the year[154]. - The board consists of four executive directors and five independent non-executive directors as of the report date[156]. - All directors have adhered to the required trading standards and code of conduct regarding securities transactions during the year[155]. - Four regular board meetings were held during the year, with all directors attending all meetings[170]. - The company has arranged appropriate insurance coverage for directors and senior management against legal actions arising from corporate activities, reviewed annually[165]. - Independent non-executive directors have entered into appointment letters for a term of three years[175]. - The management provides monthly updates to the board in accordance with corporate governance code provisions[164]. - The company continuously updates directors on the latest developments regarding GEM Listing Rules to ensure compliance[174]. - Continuous professional development is mandated for all directors to ensure their contributions remain informed and relevant[173]. - All Directors are subject to retirement by rotation at least once every three years, with one-third of the Directors retiring at each annual general meeting[180]. - The Company has appointed five independent non-executive Directors, representing more than one-third of the Board, ensuring compliance with GEM Listing Rules[183]. - The audit committee held four meetings during the year, with all members attending all meetings[194]. - The audit committee reviewed the Company's annual financial statements and internal control systems during the year[196]. - The remuneration committee held one meeting to review the remuneration policy and structure for Directors and senior management[200]. - The Company has established three Board committees: audit committee, remuneration committee, and nomination committee, to oversee specific aspects of its affairs[188]. - The audit committee consists of three independent non-executive Directors, with Ms. Hsu Wai Man Helen serving as chairperson[189]. - The remuneration committee is responsible for making recommendations on the remuneration of Directors and senior management[199]. - The Company received annual independence confirmation from each independent non-executive Director, affirming their independence[185]. - The Company has established a formal and transparent procedure for developing remuneration policies for Directors and senior management[199].

Perfect Optronics Limited 圓 美 光 電 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) Stock Code : 8311 2021 Third Quarterly Report Perfect Optronics Limited 圓 美 光 電 有 限 公 司 股 份 代 號 : 8311 （於開曼群島註冊成立之有限公司） 2021 第三季度報 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。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示概不就因本報告全部或任何 ...

Perfect Optronics Limited 圓 美 光 電 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) Stock Code: 8311 2021 Interim Report Perfect Optronics Limited 圓 美 光 電 有 限 公 司 股份代 號 : 8311 （於開曼群島註冊成立之有限公司） 2021 中期報告 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。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示概不就因本報告全部或任何部分內容而產生或因倚賴 該等 ...

Perfect Optronics Limited 圓 美 光 電 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 8311 Annual Report 年 報 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 risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of ...

Perfect Optronics Limited 圓 美 光 電 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) Stock Code : 8311 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 第三季度報告 2020 Third Quarterly Report Third Quarterly Report 2020 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。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確性或完整性 亦不發表任何 ...