Financial Performance - Revenue for the six months ended September 30, 2023, increased by approximately 25.7% to about HKD 517.6 million compared to the same period in 2022[8] - Gross profit for the reporting period rose by approximately 12.3% to about HKD 75.4 million[8] - Profit attributable to owners of the company decreased by approximately 29.1% to about HKD 7.9 million[8] - Basic earnings per share decreased by approximately 29.5% to HKD 0.98[8] - The company reported a total comprehensive income of HKD 6.3 million for the period, down from HKD 9.0 million in the previous year[9] - For the six months ended September 30, 2023, the company reported a net profit of HKD 7,902,000, compared to HKD 11,152,000 for the same period in 2022, representing a decrease of approximately 29.8%[13] - The total comprehensive income for the period was HKD 6,248,000, down from HKD 8,275,000 in the previous year, indicating a decline of about 24.5%[13] - The company reported a profit before tax of HKD 11,767,000, down from HKD 15,718,000 in the prior period[30] Assets and Liabilities - Non-current assets as of September 30, 2023, totaled HKD 133.1 million, down from HKD 138.6 million as of March 31, 2023[10] - Current assets increased to HKD 412.7 million as of September 30, 2023, compared to HKD 356.6 million as of March 31, 2023[10] - Total liabilities increased to HKD 290.3 million as of September 30, 2023, from HKD 237.2 million[11] - Total equity attributable to owners of the company decreased to HKD 162.2 million from HKD 164.0 million[11] - The total assets of the company as of September 30, 2023, were HKD 545,788,000, compared to HKD 496,292,000 a year earlier[27] - The company’s total liabilities increased to HKD 362,115,000 from HKD 322,495,000 year-over-year[34] Cash Flow and Investments - Operating cash flow for the six months was negative HKD 44,661,000, worsening from negative HKD 30,323,000 in the prior year, reflecting a deterioration of approximately 47.3%[15] - The company’s cash and cash equivalents decreased to HKD 147,743,000 at the end of the period, down from HKD 196,795,000 at the beginning, a reduction of about 25%[15] - The company’s investment activities generated a net cash inflow of HKD 1,141,000, a significant improvement from a net cash outflow of HKD 3,790,000 in the previous year[15] - The company’s financing activities resulted in a net cash outflow of HKD 3,638,000, slightly better than the outflow of HKD 3,900,000 recorded in the same period last year[15] Revenue Breakdown - Revenue from IT infrastructure solutions was HKD 349,812,000, up 33.4% from HKD 262,133,000 year-over-year[30] - The AI business generated revenue of HKD 7,000, compared to no revenue in the previous year[30] - Revenue from IT infrastructure management services rose to approximately HKD 167.8 million, an increase of about 12.2% from approximately HKD 149.6 million[59] Expenses and Costs - Operating expenses totaled approximately HKD 63.0 million, an increase of about 16.6% from approximately HKD 54.0 million[63] - Financing costs increased by approximately 3.8% to about HKD 3.3 million from approximately HKD 3.1 million[64] - The total employee cost for the reporting period was approximately HKD 115.5 million, an increase from HKD 99.2 million in 2022, reflecting a growth of about 16.5%[77] Shareholder Information - Major shareholders include Mr. Mo with 91,800,000 shares (11.4%) and Mr. Zhang with 89,760,000 shares (11.2%) as of September 30, 2023[85] - Ms. Luk holds 226,890,000 shares (28.2%) and has a spouse interest of 450,500,000 shares (56.1%)[85] - The total issued shares as of September 30, 2023, is 803,280,000[87] Corporate Governance - The company has adopted a code of conduct for directors' securities trading, compliant with GEM listing rules[98] - The audit committee, along with management, reviewed the unaudited consolidated financial statements for the six months ended September 30, 2023, confirming compliance with applicable accounting standards and sufficient disclosure[100] - The board expresses gratitude to all employees for their contributions and efforts during the reporting period, highlighting the importance of good corporate governance for effective management and business development[102]

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。 EXPERT SYSTEMS HOLDINGS LIMITED 思 博 系 統 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8319） 截 至2023年9月30日 止 六 個 月 之 中 期 業 績 公 告 思 博 系 統 控 股 有 限 公 司（「本 公 司」，連 同 其 附 屬 公 司 統 稱 為「本 集 團」）董 事（「董 事」）會（「董 事 會」）謹 此 公 佈 本 集 團 截 至2023年9月30日 止 六 個 月 之 未經審核中期業績。本公告列載本公司2023/24年中期報告（「中期報告」）全 文，並符合香港聯合交易所有限公司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的資料的相關規定。列載GEM上市規則規 定資料的中期報告印刷本將於適當時候根據GEM上市規則規定的方式寄 發予本公司股東。 承董事會命 思博系統控股有限公司 主席兼非執行董事 ...

Financial Performance - Revenue for the three months ended June 30, 2023, increased by approximately 25.3% to about HKD 227.5 million compared to the same period in 2022[5] - Gross profit for the same period rose by approximately 14.2% to about HKD 36.4 million[5] - Profit attributable to owners of the company decreased by approximately 24.8% to about HKD 3.5 million[5] - Basic earnings per share decreased by approximately 24.1% to about HKD 0.44 compared to HKD 0.58 in the same period last year[5] - The company reported a total comprehensive income of HKD 1.642 million for the period, down from HKD 4.236 million in the previous year[6] - The company reported a profit before tax of HKD 5,154,000 for the three months ended June 30, 2023, down from HKD 6,469,000 in the same period of 2022[19] Revenue Breakdown - Revenue from IT infrastructure solutions was HKD 147,063,000, up from HKD 113,334,000, reflecting a growth of 29.8% year-over-year[19] - Revenue from IT infrastructure management services increased to HKD 80,411,000, compared to HKD 68,152,000, marking a rise of 17.9%[19] - The company's revenue for the period was approximately HKD 227.5 million, an increase of about 25.3% compared to HKD 181.5 million in the same period last year[34] - Revenue from IT infrastructure solutions rose to approximately HKD 147.1 million, a 29.7% increase from HKD 113.3 million year-on-year[34] - Revenue from IT infrastructure management services increased to approximately HKD 80.4 million, up 18.0% from HKD 68.2 million in the previous year[34] Expenses and Costs - The company’s administrative expenses increased to HKD 17.56 million from HKD 16.29 million year-on-year[6] - The company’s financing costs were HKD 1.631 million, slightly up from HKD 1.532 million in the previous year[6] - Operating expenses totaled approximately HKD 30.8 million, an increase of about 15.0% from HKD 26.8 million in the previous year[37] - The financing cost for the reporting period was approximately HKD 1.6 million, an increase of about HKD 0.1 million (or approximately 6.5%) compared to HKD 1.5 million in the same period last year[38] Taxation - The company’s tax expense for the period was HKD 1.448 million, compared to HKD 0.872 million in the same period last year[6] - The group’s income tax expense for the three months ended June 30, 2023, was HKD 1,448,000, compared to HKD 872,000 for the same period in 2022, reflecting an increase of 65.9%[20] - Income tax expenses for the reporting period were approximately HKD 1.4 million, an increase of about 66.1% from approximately HKD 0.9 million in the same period last year, with effective tax rates of 21.9% and 16.1% respectively[39] Corporate Strategy and Focus - The company continues to focus on providing IT infrastructure solutions and AI services in the Asia-Pacific region[9] - The company continues to explore suitable acquisition opportunities to enhance corporate value, having successfully completed the acquisition of 70% of ServiceOne International Holdings Limited[33] - The company is focusing on expanding its customer base across new industries in the Asia-Pacific region[34] - The company aims to optimize its product portfolio and support resources to provide valuable solutions and services to clients amid changing customer demands[30] Shareholder Information - The company’s major shareholders include Mr. Zhu Zhaoshen, holding approximately 28.2% of shares, and ServiceOne Global, holding approximately 56.0% of shares[42][47] - The total number of issued shares as of June 30, 2023, was 803,280,000[44] - Lee Kit Ling Monita holds 53,300,000 shares, representing 6.6% of the total shares[49] - The company issued convertible bonds to ServiceOne Global as part of the acquisition consideration, amounting to HKD 75.6 million[45] Governance and Compliance - The audit committee reviewed the unaudited financial statements for the three months ending June 30, 2023, confirming compliance with applicable accounting standards and regulations[61] - The company has adopted a code of conduct for securities trading, ensuring compliance with GEM listing rules[59] - The board emphasizes the importance of good corporate governance for effective management and business development[60] - There were no conflicts of interest reported among directors and major shareholders during the reporting period[57] Employee and Stakeholder Relations - The company expresses gratitude to all employees, shareholders, customers, suppliers, and business partners for their support during the reporting period[63]

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。 EXPERT SYSTEMS HOLDINGS LIMITED 思 博 系 統 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8319） 截 至2023年6月30日 止 三 個 月 之 第 一 季 度 業 績 公 告 思 博 系 統 控 股 有 限 公 司（「本 公 司」，連 同 其 附 屬 公 司 統 稱 為「本 集 團」）董 事（「董 事」）會（「董 事 會」）謹 此 公 佈 本 集 團 截 至2023年6月30日 止 三 個 月 之 未 經 審 核 第 一 季 度 業 績。本 公 告 列 載 本 公 司2023/24年 第 一 季 度 報 告（「季 度報告」）全文，並符合香港聯合交易所有限公司GEM證券上市規則（「GEM 上 市 規 則」）中 有 關 季 度 業 績 初 步 公 告 附 載 的 資 料 的 相 關 規 定。列 載GEM 上市規則規定資料的季度報告印刷本將於適 ...

Financial Performance - For the fiscal year ending March 31, 2023, the company reported revenue of approximately HKD 886.5 million, an increase of about 30.0% compared to HKD 682.2 million for the fiscal year ending March 31, 2022[10]. - The gross profit for the fiscal year increased by approximately 32.8% to about HKD 139.3 million[10]. - The profit attributable to the owners of the company rose by approximately 29.1% to about HKD 19.7 million for the fiscal year[10]. - Basic earnings per share for the fiscal year were HKD 2.45, up approximately 28.9% from HKD 1.90 in the previous fiscal year[10]. - Other income and gains increased by approximately 231.4% from about HKD 2.6 million to approximately HKD 8.6 million, primarily due to COVID-19 government subsidies of about HKD 5.7 million received during the reporting year[28]. - The company's net profit attributable to owners increased by approximately 29.1% from about HKD 15.2 million to approximately HKD 19.7 million[35]. - Basic earnings per share for the reporting year were HKD 2.45, compared to HKD 1.90 for the previous year[36]. - Revenue for the year ended March 31, 2023, was HKD 886,538,000, representing a 30.0% increase from HKD 682,189,000 in 2022[184]. - Gross profit for the same period was HKD 139,336,000, up 32.7% from HKD 104,948,000 in 2022[184]. - Profit attributable to owners of the company was HKD 19,652,000, an increase of 29.9% compared to HKD 15,217,000 in 2022[184]. Dividends and Shareholder Returns - The board has proposed a final dividend of HKD 0.01 per ordinary share, totaling HKD 8,033,000, compared to HKD 0.0077 per share and HKD 6,185,000 in the previous year[11]. - The company reported a final dividend of HKD 1.00 per share for the fiscal year ending March 31, 2023, an increase from HKD 0.77 per share in 2022, pending shareholder approval[122]. - The board has no fixed dividend payout ratio, and dividend amounts will depend on overall economic conditions and the group's financial performance[108]. Strategic Initiatives and Growth Areas - The group is focusing on three main strategic growth areas: hybrid cloud, cybersecurity, and data/application solutions[21]. - The strategic acquisition of 70% of ServiceOne International Holdings Limited (S1IHL) was completed in October 2021, enhancing the group's capabilities and service range[18]. - The establishment of a joint venture with Dr. Chen Zhenchong, a top scientist in artificial intelligence and image processing, aims to develop AI products and solutions[13]. - The strong demand for AI products is expected to enhance the overall solution portfolio and align with the group's growth strategy[22]. - The group is adapting to changing market conditions and customer needs by adjusting its business priorities and seeking new opportunities[20]. - The reopening of borders between Hong Kong and mainland China is expected to facilitate rapid business development and capitalize on opportunities in the Greater Bay Area and Asia-Pacific region[16]. Workforce and Human Resources - The company employed 984 staff across various regions, an increase from 903 in the previous year, with total employee costs rising to approximately HKD 205.2 million from HKD 116.8 million[45]. - The group has approximately 1,000 IT professionals serving clients in the Asia-Pacific region, indicating a strong workforce to support business growth[15]. Corporate Governance - The board of directors emphasizes the importance of good corporate governance practices to ensure accountability and effective management[63]. - The company has adopted the corporate governance code as per GEM listing rules, ensuring compliance with regulations[63]. - The board consists of a balanced mix of executive, non-executive, and independent directors, ensuring independence and objectivity[66]. - The company has established effective mechanisms for independent opinions and resources for the board[67]. - The management team is responsible for business development and sales operations, indicating a focus on growth[60]. - The company has a clear strategy for risk management and internal controls, ensuring operational efficiency[64]. - The board is committed to continuous improvement in corporate governance standards to align with regulatory changes[63]. - The company has established four board committees: Audit Committee, Remuneration Committee, Nomination Committee, and Corporate Governance Committee, each with clear written terms of reference[74]. Financial Position and Assets - Total assets as of March 31, 2023, were HKD 495,203,000, a decrease from HKD 539,762,000 in 2022[184]. - Total liabilities decreased to HKD 309,850,000 from HKD 368,885,000 in 2022, indicating a reduction of 15.9%[184]. - Total equity increased to HKD 185,353,000 from HKD 170,877,000, marking an increase of 8.5%[184]. - Trade receivables amounted to approximately HKD 111,229,000 as of March 31, 2023, with management regularly reviewing for expected credit losses[189]. - Goodwill on the balance sheet was approximately HKD 100,078,000, with no impairment identified based on management's assessment[191]. Risk Management and Compliance - The company has implemented risk management policies aimed at identifying and addressing significant risks to business operations[102]. - The board must evaluate the group's ability to continue as a going concern and disclose relevant matters[197]. - The auditor maintains professional skepticism and exercises professional judgment throughout the audit process[200]. - The company has taken measures to ensure compliance with insider information handling and disclosure regulations[102]. Shareholder Information - Major shareholders include Mr. Mo with 91,800,000 shares (11.4%) and Mr. Zhang with 89,760,000 shares (11.2%)[151]. - The company has a stock option plan that allows for the issuance of up to 80,000,000 shares, equivalent to 10% of the total shares at the time of listing[155]. - The company’s major shareholders collectively hold significant stakes, with the top three shareholders owning over 50% of the total shares[151].

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，並明確表示概不會 就因本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何 損失承擔任何責任。 EXPERT SYSTEMS HOLDINGS LIMITED 思 博 系 統 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8319） 截 至2023年3月31日 止 年 度 的 年 度 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的 中小型公司提供一個上市的市場。有意投資者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聯交所GEM證券上市規則（「GEM上市規則」）而刊載， 旨在提供有關思博系統控股有限公司（「本公司」）的資料。本公司董事（「董 ...

Financial Performance - Revenue for the nine months ended December 31, 2022, increased by approximately 51.1% to about HKD 667.4 million compared to the same period in 2021[6] - Gross profit for the same period rose by approximately 46.9% to about HKD 105.1 million[6] - Profit for the nine months increased by approximately 41.4% to about HKD 19.9 million, with adjusted profit decreasing by approximately 12.8% to about HKD 14.7 million[6] - Basic earnings per share increased by approximately 32.1% to about HKD 2.06 compared to approximately HKD 1.56 in the same period last year[6] - Total comprehensive income for the nine months was HKD 18.006 million, compared to HKD 14.565 million in the previous year[7] - The group reported a total segment profit of HKD 30.0 million, an increase from HKD 22.8 million in the same period last year, reflecting a growth of 31.6%[13] - The group’s profit before tax was HKD 23.8 million, compared to HKD 17.3 million for the same period in 2021, indicating a year-on-year increase of 37.5%[13] - The company's profit attributable to owners increased by approximately 32.3% to about HKD 16.5 million, with basic earnings per share rising to HKD 2.06 from HKD 1.56 in the previous year[51] Revenue Breakdown - Revenue from IT infrastructure solutions was HKD 427.5 million, up 18.2% from HKD 361.6 million year-on-year[19] - Revenue from IT infrastructure management services increased to HKD 239.9 million, compared to HKD 80.1 million in the previous year, marking a substantial growth of 199.9%[19] - Revenue from Hong Kong accounted for HKD 549.5 million, representing an increase of 37.4% from HKD 400.0 million in the previous year[17] - Revenue from Mainland China surged to HKD 91.8 million, a significant increase from HKD 35.2 million in the previous year, reflecting a growth of 160.5%[17] Expenses and Costs - The company reported a significant increase in sales costs, which rose to HKD 562.3 million from HKD 370.2 million in the previous year[7] - Administrative expenses increased to HKD 49.6 million from HKD 26.3 million in the previous year[7] - The company’s financing costs increased to HKD 4.7 million from HKD 0.7 million in the previous year[7] - Selling expenses rose by approximately 12.0% to about HKD 33.4 million, mainly due to increased employee costs[46] - Administrative expenses surged by approximately 89.0% to about HKD 49.6 million, largely due to one-time professional fees related to acquisitions and increased amortization costs of intangible assets[47] - Financing costs increased significantly by approximately 566.5% to about HKD 4.7 million, primarily due to interest expenses on convertible bonds issued for acquisition financing[49] Government Subsidies - The company received government subsidies related to COVID-19 amounting to approximately HKD 5.2 million during the reporting period[6] - The group received government subsidies totaling HKD 5.2 million during the reporting period, which included support related to employment and COVID-19[20] - Other income and gains increased by approximately 158.6% to about HKD 6.5 million, primarily due to COVID-19 government subsidies of about HKD 5.2 million received during the reporting period[45] Shareholder Information - As of December 31, 2022, the total issued shares of the company were 803,280,000[56] - Major shareholders include Mr. Mo with 91,800,000 shares (11.4%) and Mr. Zhang with 89,760,000 shares (11.2%)[57] - Ms. Luk holds 226,890,000 shares (28.2%) and has a spouse's interest in 450,500,000 shares (56.1%) related to convertible bonds[57] Corporate Governance and Compliance - The audit committee has reviewed the unaudited consolidated financial statements for the nine months ending December 31, 2022, confirming compliance with applicable accounting standards and sufficient disclosure[71] - The board emphasizes the importance of good corporate governance for effective management and successful business development, continuously reviewing governance practices to meet stakeholder expectations[70] - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM Listing Rules[69] Strategic Development - The company plans to continue expanding its IT infrastructure solutions and management services in the Greater China and Asia-Pacific regions[14] - The company plans to continue exploring suitable acquisition opportunities to enhance corporate value while maintaining a prudent approach to business risk management[41] - The company aims to expand its customer base across new industries in the Asia-Pacific region and enhance service offerings, including consulting services and vertical retail solutions[42] - The company is focusing on strategic development in three main areas: hybrid cloud, multi-cloud, and "as-a-Service" solutions, as well as enhancing its expertise in infrastructure solutions[38] - The company has expanded its resources in Kuala Lumpur, Malaysia, to better serve clients amid global economic uncertainties[39] Stock Options and Convertible Bonds - The company has a stock option plan approved on March 15, 2016, with a total of 4,820,000 options granted as of April 1, 2022[61][62] - The exercise price for the stock options is HKD 0.111, with the closing price prior to the grant date at HKD 0.098[64] - The stock option plan allows for options to be exercised in five tranches, with 20% of options available for exercise each year from 2020 to 2024[65] - As of December 31, 2022, the company had 11,820,000 unexercised stock options remaining[62] - The company has a convertible bond issuance linked to ServiceOne Global, which will result in the issuance of 450,000,000 shares upon conversion[56][59] - The company does not have any arrangements that allow directors or their associates to acquire shares or bonds for profit during the reporting period[56]

Financial Performance - Revenue for the six months ended September 30, 2022, increased by approximately 80.4% to about HKD 411.8 million compared to the same period in 2021[22] - Profit for the reporting period rose by approximately 162.1% to about HKD 13.2 million, with adjusted profit around HKD 8.4 million, a 3.5% increase from HKD 8.1 million in the same period last year[22] - Basic earnings per share increased by approximately 120.6% to about HKD 1.39 compared to HKD 0.63 in the same period last year[28] - Gross profit for the six months was HKD 67.1 million, up from HKD 34.8 million in the previous year[25] - Total comprehensive income for the period was HKD 9.0 million, compared to HKD 5.0 million in the same period last year[28] - The company recorded other income and gains of HKD 5.8 million, an increase from HKD 1.7 million in the previous year[25] - The company’s profit attributable to owners increased by approximately 122.2% from about HKD 5.0 million to approximately HKD 11.2 million during the reporting period[120] Expenses and Costs - Administrative expenses increased to HKD 32.5 million from HKD 9.8 million in the previous year[25] - The company incurred a one-time expense of approximately HKD 3.1 million related to the acquisition of 70% of ServiceOne International Holdings Limited[22] - The financial cost for the reporting period was HKD 3.1 million, significantly higher than HKD 0.1 million in the previous year[25] - Selling expenses increased by approximately 7.4% to about HKD 21.5 million, mainly due to rising employee costs[112] - Administrative expenses surged by approximately 232.6% to about HKD 32.5 million, largely due to one-time professional fees related to acquisitions and increased amortization costs of intangible assets[114] - Total tax expenses for the six months ended September 30, 2022, were 2,566 thousand HKD, up from 1,614 thousand HKD in the same period of 2021, reflecting a year-over-year increase of 58.9%[66] Assets and Liabilities - As of September 30, 2022, total assets amounted to HKD 248,154 thousand, an increase from HKD 239,330 thousand as of March 31, 2022, reflecting a growth of approximately 3.4%[32] - The company's net cash and cash equivalents decreased to HKD 117,372 thousand from HKD 158,459 thousand, representing a decline of about 26%[39] - Non-current liabilities increased to HKD 74,357 thousand as of September 30, 2022, up from HKD 68,453 thousand as of March 31, 2022, marking an increase of approximately 8.5%[33] - The total equity of the company as of September 30, 2022, was HKD 173,797 thousand, a slight increase from HKD 170,877 thousand as of March 31, 2022[33] - The company reported a total liability of HKD 322,495,000 as of September 30, 2022, compared to HKD 118,616,000 in the same period of 2021, which is an increase of 171.5%[49][52] Cash Flow - Operating cash flow for the six months ended September 30, 2022, was negative HKD 30,323 thousand, compared to negative HKD 17,139 thousand for the same period in 2021, indicating a worsening cash flow situation[39] - The company incurred a cash outflow of HKD 21,252 thousand for the acquisition of subsidiaries during the reporting period[39] - Cash and cash equivalents at the end of the reporting period were HKD 117,372 thousand, down from HKD 134,149 thousand in the previous year[39] - The company's cash and cash equivalents as of September 30, 2022, were approximately HKD 117.4 million, down from approximately HKD 158.5 million as of March 31, 2022[121] Shareholder Information - The total issued shares of the company were 803,280,000 as of September 30, 2022[152] - Major shareholder Mo holds 91,800,000 shares, representing 11.4% of the total shares[147] - Major shareholder Zeng holds 89,760,000 shares, representing 11.2% of the total shares[147] - Major shareholder Luk holds 226,890,000 shares, representing 28.2% of the total shares, and 450,500,000 related shares, representing 56.1%[147] - ServiceOne Global, a major shareholder, holds 450,000,000 related shares, representing 56.0%[147] Corporate Governance - The company emphasizes the importance of good corporate governance for effective management and successful business development, continuously reviewing governance practices to meet stakeholder expectations[178] - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2022, confirming compliance with applicable accounting standards and sufficient disclosures[179] Strategic Development - The company continues to focus on strategic development in hybrid cloud, multi-cloud, and cybersecurity solutions to enhance its service offerings[101] - The ongoing global economic pressures, including supply chain issues and rising interest rates, pose challenges to the business environment and may negatively impact performance[98] - The company aims to expand its customer base across new industries in the Asia-Pacific region while exploring suitable acquisition opportunities to enhance corporate value[105]

Financial Performance - Revenue for the three months ended June 30, 2022, increased by approximately 56.7% to about HKD 181.5 million compared to the same period in 2021[11] - Profit attributable to owners of the company for the reporting period increased by approximately 16.0% to about HKD 4.7 million, while adjusted profit decreased by approximately 31.7% to HKD 2.8 million after accounting for government subsidies[11] - Gross profit for the three months ended June 30, 2022, was HKD 31.9 million, up from HKD 17.3 million in the same period last year[14] - The company reported total comprehensive income of HKD 4.2 million for the period, compared to HKD 4.0 million in the previous year[17] - Basic earnings per share for the reporting period was HKD 0.58, compared to HKD 0.50 in the same period last year[17] - The company reported a profit before tax of HKD 6,469,000, up from HKD 4,833,000 in the previous year, indicating a year-over-year increase of 34%[32] - Revenue from Hong Kong was HKD 152,465,000, a significant increase from HKD 115,750,000 in 2021, reflecting a growth of 31.6%[34] - The total income from other sources, including interest income and exchange gains, was HKD 2,935,000, compared to HKD 1,016,000 in the same period last year, marking a substantial increase[38] Government Subsidies - The company recognized government subsidies of HKD 1.9 million under the employment support scheme during the reporting period[11] - The company received government subsidies amounting to HKD 2,446,000 during the reporting period, which was not present in the previous year[38] - Other income increased by approximately 188.9% to about HKD 2.9 million, primarily due to government subsidies under the employment support scheme[66] Expenses and Costs - Administrative expenses increased significantly to HKD 16.3 million from HKD 3.6 million in the previous year, indicating a rise in operational costs[14] - Sales expenses rose by approximately 7.5% to about HKD 10.5 million, mainly due to increased employee costs[66] - Financing costs for the reporting period were approximately HKD 1.5 million, an increase of about HKD 1.4 million (or approximately 1,998.6%) compared to approximately HKD 0.1 million in the same period last year[71] - Income tax expenses for the reporting period were approximately HKD 0.9 million, an increase of about 8.5% compared to approximately HKD 0.8 million in the same period last year, with an effective tax rate of approximately 16.1%[73] Shareholder Information - Major shareholders hold significant stakes, with Mr. Mo owning 91,800,000 shares (11.4%) and Mr. Zhang holding 89,760,000 shares (11.2%) as of June 30, 2022[89] - Ms. Luk holds the largest stake with 226,890,000 shares (28.2%) and related shares amounting to 450,500,000 (56.1%)[89] - The total issued shares as of June 30, 2022, is 803,280,000, which is the basis for calculating the ownership percentages[94] - Ms. Lee holds 53,300,000 shares (6.6%) as a spouse beneficiary, indicating significant family ties in share ownership[95] Corporate Governance - The company has adopted a code of conduct for directors' securities trading, compliant with GEM listing rules[119] - There were no reported conflicts of interest among directors or major shareholders during the reporting period[116] - The company has adhered to the principles and provisions of the GEM Listing Rules Appendix 15 Corporate Governance Code during the reporting period, with some deviations disclosed[120] - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2022, and found the performance to comply with applicable accounting standards and GEM Listing Rules[121] - The company emphasizes the importance of good corporate governance for effective management and successful business development, continuously reviewing governance practices to meet increasing stakeholder expectations[120] Business Expansion - The company continues to focus on expanding its IT infrastructure management services across Greater China and the Asia-Pacific region[23] - The company opened a second service center in Kuala Lumpur, Malaysia, expanding its geographical coverage to better serve clients amid economic uncertainties[57] - The company established a joint venture, Sibor Intelligent Limited, to develop AI-related products and services, aligning with growth strategies[57] Revenue Streams - Revenue from IT infrastructure solutions was HKD 113,354,000, while IT infrastructure management services generated HKD 68,152,000, with the latter being a new revenue stream[32] - The company's revenue increased by approximately 56.7% to about HKD 181.5 million for the three months ended June 30, 2022, compared to approximately HKD 115.8 million for the same period last year[64] - Gross profit rose by approximately 84.3% to about HKD 31.9 million, up from approximately HKD 17.3 million in the same period last year[65] - The gross profit margin improved to approximately 17.5%, an increase of about 2.6 percentage points from approximately 14.9% in the same period last year[65] Dividends - The company proposed a final dividend of HKD 0.77 per share, down from HKD 0.90 per share in 2021, with a total dividend payout of HKD 6,185,000[44] Stock Options - The company has a stock option plan approved on March 15, 2016, with options exercisable at HKD 0.111 per share[101] - The stock option plan allows for a total of 4,820,000 options to be exercised, with no options exercised during the reporting period[102] - No stock buybacks or repurchases were conducted by the company or its subsidiaries during the reporting period[115]

Financial Performance - For the fiscal year ending March 31, 2022, the company's revenue increased by approximately 27.8% to about HKD 682.2 million compared to HKD 533.9 million for the fiscal year ending March 31, 2021[14][20] - The gross profit for the reporting year rose by approximately 45.7% to about HKD 104.9 million[15] - The profit attributable to the company's owners decreased by approximately 29.9% to about HKD 15.2 million, while the adjusted profit attributable to the company's owners increased by approximately 6.5% to HKD 18.3 million[16][20] - Basic earnings per share for the reporting year decreased by approximately 30.1% to about HKD 1.90, down from HKD 2.72 in the previous year[17][20] - The group's revenue for the fiscal year ending March 31, 2022, increased by approximately 27.8% compared to the same period in 2021, while gross profit rose by about 45.7%[29] - Other income and gains decreased by approximately 57.2% to about HKD 2.6 million, down from approximately HKD 6.0 million, mainly due to a reduction in rental modification income and interest income[41] - Administrative expenses increased by approximately 240.4% to about HKD 42.3 million, compared to approximately HKD 12.4 million in the previous year, driven by professional fees related to acquisitions and increased employee costs[43] - Financing costs rose significantly by approximately 774.9% to about HKD 3.0 million, up from approximately HKD 0.3 million, primarily due to interest expenses on convertible bonds issued for acquisitions[45] - The company's attributable profit decreased by approximately 29.9% to about HKD 15.2 million, down from approximately HKD 21.7 million in the previous year[49] - Total employee costs for the year were approximately HKD 116.8 million, significantly up from HKD 46.8 million in the previous year, reflecting an increase in workforce from 90 to 903 employees[61] Strategic Development - The company was able to implement strategies to increase market share and maintain gross profit margins despite challenges posed by the COVID-19 pandemic[20] - The company is focusing on strategic development in three key areas: Hybrid Cloud, Multi Cloud, and "as-a-Service" solutions, as well as container technology and cybersecurity[30] - The company aims to expand its customer base across new industries in the Asia-Pacific region and enhance its service offerings, including consulting and vertical retail solutions[34] - The company will continue to explore suitable acquisition opportunities to enhance corporate value, ensuring that such actions align with the best interests of the group and its shareholders[36] - The group expanded its main business to provide IT infrastructure management services, including hardware maintenance and IT outsourcing, following the acquisition of 70% of S1IHL's issued share capital[145] Challenges and Outlook - The company anticipates challenges in the short to medium term due to the ongoing COVID-19 pandemic, supply chain issues, and economic pressures, which may negatively impact revenue and profitability[30] Corporate Governance - The board of directors consists of 4 independent non-executive directors, representing at least one-third of the board members, ensuring compliance with GEM listing rules[90] - The company has adopted the corporate governance code as per GEM listing rules, maintaining good corporate governance practices throughout the fiscal year 2022[86] - The company emphasizes the importance of board diversity, considering various factors such as gender, age, and professional experience in board appointments[90] - The company’s independent non-executive directors possess professional knowledge in finance, law, and management, contributing to effective governance[91] - The board regularly reviews its corporate governance policies to enhance governance standards and meet increasing expectations from shareholders[86] - The company is committed to reviewing and monitoring compliance with corporate governance policies and practices[116] Risk Management - The group has established risk management policies aimed at managing risks associated with business objectives, with a focus on identifying significant risks in operations[130] - The risk management procedures prioritize risks based on their likelihood and potential impact, with immediate mitigation actions taken as necessary[130] Shareholder Information - The board has proposed a final dividend of HKD 0.77 per ordinary share for the year ended March 31, 2022, down from HKD 0.90 in 2021, pending shareholder approval[149] - The company has no fixed dividend payout ratio, with dividend amounts determined based on overall economic conditions and financial performance[133] - Shareholders can communicate with the company through various channels, including financial reports and annual general meetings[135] Employee and Management - The company’s financial manager has over 20 years of experience in accounting and finance, overseeing the overall accounting and financial functions[82] - The company has a senior manager with approximately 19 years of experience in IT solutions and services sales and marketing[82] - The company’s secretary has over 17 years of experience in corporate secretarial roles, enhancing governance practices[83] Acquisitions and Investments - The company completed the acquisition of 70% of ServiceOne International Holdings Limited on October 8, 2021, which has been consolidated into the company's financial statements[20] - The acquisition of S1IHL, which provides IT infrastructure management services, was completed, making it a 70% owned subsidiary, enhancing the group's position as a major IT service provider in the Asia-Pacific region[22] Financial Position - The capital-to-debt ratio increased to 0.44 as of March 31, 2022, compared to 0.05 in the previous year, indicating a higher level of debt relative to equity[51] - The effective tax rate for the reporting year was 18.0%, compared to 16.2% in the previous year, reflecting increased tax expenses from IT infrastructure management services[48] - The group did not have any significant investments or contingent liabilities as of March 31, 2022, maintaining a stable financial position[57][58] - As of March 31, 2022, the company's distributable reserves amounted to approximately HKD 39.8 million[158] Stock Options and Shareholding - The stock option plan adopted on March 15, 2016, allows for a total of up to 80,000,000 shares to be issued, representing 10% of the total shares issued at the time of listing[193] - As of March 31, 2022, there were 11,920,000 unexercised stock options under the plan, accounting for approximately 2.0% of the shares issued during that period, with 3,040,000 options having vested[196] - The company issued convertible bonds amounting to HKD 75,600,000 held by Zhu Zhao Shen[178] - Major shareholder Mo Zhu Liang holds 91,800,000 shares, representing approximately 11.4% of the total shares[181] - Major shareholder Zhang Li Ji holds 89,760,000 shares, representing approximately 11.2% of the total shares[181] - The company has a significant interest from China Expert, which owns 70% of ServiceOne Global[178]