Financial Performance - The group's revenue decreased from approximately HKD 42.5 million for the year ended March 31, 2020, to approximately HKD 40.3 million for the year ended March 31, 2021, representing a decline of 5.1%[9] - The net profit after tax for the year ended March 31, 2021, was approximately HKD 3.5 million, compared to approximately HKD 800,000 for the year ended March 31, 2020, indicating significant improvement[9] - The decrease in revenue was primarily due to slower progress in contract services for certain segments, including sustainable development and environmental consulting, as well as acoustic, noise, and vibration control[9] - The company did not declare a final dividend for the year ended March 31, 2021[10] - The group's net other income increased by approximately 1,259.9% from about HKD 200,000 to approximately HKD 2,900,000, mainly due to government subsidies of about HKD 3,000,000 under the Employment Support Scheme[41] - Administrative expenses rose by approximately 4.7% from about HKD 18,600,000 to approximately HKD 19,400,000, attributed to one-time special bonuses given to employees for their contributions during the COVID-19 pandemic[42] - The group recorded a profit attributable to owners of approximately HKD 3,500,000 for the year ended March 31, 2021, compared to approximately HKD 800,000 in the same period last year, driven by improved cost control and reduced accounts receivable[43] - Net cash generated from operating activities increased significantly to approximately HKD 8,100,000 from a net cash outflow of about HKD 1,700,000, primarily due to improved accounts receivable management[44] Business Strategy and Development - The company aims to enhance its capabilities in sustainable development and has become the first climate change consulting supplier in Hong Kong certified by the Carbon Disclosure Project (CDP)[13] - The company is actively exploring opportunities in mainland China and Southeast Asia, having established new companies in Thailand and Singapore to provide green and healthy building consulting services[15] - The company aims to meet the increasing demand for environmental and sustainable development consulting services, driven by global commitments to reduce carbon emissions, including China's target for carbon neutrality by 2060 and Hong Kong's target by 2050[18] - The company is committed to providing one-stop sustainable development and environmental consulting services globally, aligning with the growing demand for ESG (Environmental, Social, and Governance) practices[18] - The company has partnered with Tianfu Financial Group to establish the Tianfu New Economy Opportunities Fund, aimed at investing in projects with strong development potential in sustainable development and green finance[17] - The company is focused on enhancing its competitive edge in a rapidly evolving market by leveraging industry trends and seizing new business opportunities[20] - The company plans to offer comprehensive green finance and ESG consulting services, including compliance and due diligence services covering local and international reporting standards[31] Projects and Services - The company participated in multiple green building projects in Hong Kong, including the ICC, which achieved the highest rating of "Outstanding" under the BREEAM In-Use assessment system[12] - The company established three new subsidiaries focused on sustainable development and environmental consulting services, including New Economy Communications Ltd., Marine Ecology Technology Ltd., and Bamboo Technology Ltd.[17] - The company reported that its four business segments contributed approximately 47.3%, 20.9%, 21.3%, and 10.5% to overall revenue for the fiscal year ending March 31, 2021, with the majority coming from green building certification consulting and sustainable development services[24] - The company is participating in more green health building design projects, including WELL health building standards, to capitalize on the increased health awareness post-COVID-19[19] Financial Management and Capital Structure - The group's debt-to-equity ratio as of March 31, 2021, was approximately 10.8%, up from 5.4% a year earlier[49] - The total amount raised from the share placement completed on June 5, 2020, was approximately HKD 6,240,000, with a net amount of about HKD 5,200,000 intended for general operating expenses[55] - The company completed a placement agreement on February 8, 2021, successfully placing a total of 83,020,000 shares at a price of HKD 0.065 per share, raising approximately HKD 5,400,000 in total proceeds[57] - The company has no significant equity investments or clear future plans for major investments as of March 31, 2021[62] - The company has unfulfilled capital commitments of approximately HKD 505,000 related to investments in Ocean Ecological Technology and HKD 447,000 for Bamboo Technology as of March 31, 2021[76] Governance and Compliance - The company has established a remuneration committee to review the remuneration policy and structure for all directors and senior management[148] - The group has confirmed compliance with the corporate governance code throughout the reporting period[159] - The company has received independence confirmations from all independent non-executive directors[151] - The company is committed to maintaining compliance with GEM listing rules and other applicable legal requirements[168] - The independent non-executive director has received multiple honors in environmental management and assessment, enhancing the company's governance[179] Human Resources and Management - The company has a diverse management team with expertise in various fields, including environmental consulting and project management, enhancing its operational capabilities[188] - The company secretary, Mr. Siu Chan-bong, has over 15 years of experience in corporate finance and regulatory compliance, appointed on June 18, 2019[190] - The management team includes professionals with advanced degrees and certifications in their respective fields, contributing to the company's strategic planning and execution[189] Market Position and Customer Relations - Major customers accounted for 34.4% of total revenue, with the largest customer contributing 11.4%[112] - Major suppliers represented 55.5% of total subcontracting costs, with the largest supplier accounting for 20.4%[112] - The company has maintained good relationships with customers and suppliers, with no disputes reported for the year[110] COVID-19 Impact and Response - The company has fully resumed normal operations following the COVID-19 pandemic, with no significant impact on its financial performance expected as of the report date[131] - The company continues to monitor the developments of the COVID-19 pandemic and its potential impacts on financial conditions and operational performance[131]

Financial Performance - The company's revenue for the nine months ended December 31, 2020, was approximately HKD 28,300,000, compared to HKD 31,832,000 for the same period in 2019, representing a decrease of about 11.9%[5] - Gross profit for the nine months ended December 31, 2020, was approximately HKD 14,500,000, down from HKD 15,152,000 in 2019, indicating a decline of about 4.3%[5] - The net profit after tax for the nine months ended December 31, 2020, was approximately HKD 2,000,000, an increase from HKD 1,600,000 in 2019, reflecting a growth of 25%[5] - The company reported a profit before tax of HKD 2,733,000 for the nine months ended December 31, 2020, compared to HKD 1,928,000 in the previous year, marking an increase of approximately 41.8%[7] - The basic and diluted earnings per share for the nine months ended December 31, 2020, were HKD 0.17, up from HKD 0.14 in 2019, representing a growth of about 21.4%[8] - The total comprehensive income attributable to owners of the company for the nine months ended December 31, 2020, was HKD 2,142,000, compared to a loss of HKD 8,000 in 2019[8] - The company reported other income and gains of HKD 3,259,000 for the nine months ended December 31, 2020, significantly higher than HKD 128,000 in the previous year[7] - The company reported a total equity of HKD 72,320,000 as of December 31, 2020, reflecting an increase from HKD 65,476,000 on April 1, 2019[10] - The company achieved a profit of HKD 2,121,000 during the period, contributing to a total comprehensive income of HKD 2,220,000[10] - The fair value change of investments resulted in a loss of HKD 1,611,000 during the period, impacting the overall comprehensive loss[10] Cost Management - The company received subsidies from the Hong Kong government under the Employment Support Scheme to mitigate the challenges posed by the COVID-19 pandemic[5] - The company has reduced costs related to subcontracting services for ecological and green building certifications, as it has sufficient qualified internal staff to perform these functions[5] - Administrative expenses increased by approximately 12.4% from HKD 13,200,000 to HKD 14,800,000, attributed to one-time special bonuses awarded to long-serving employees in recognition of their contributions during the COVID-19 pandemic[70] - The group’s profit attributable to owners for the nine months ended December 31, 2020, was approximately HKD 2,000,000, compared to approximately HKD 1,600,000 for the corresponding period in 2019, mainly due to enhanced cost control measures[71] Revenue Sources - The group’s revenue is generated from contracts with customers, recognizing revenue over time when the performance obligation does not create an asset with an alternative use[24] - Revenue from green building certification consulting increased to HKD 5,133,000 for the three months ended December 31, 2020, compared to HKD 3,583,000 in the same period of 2019, representing a growth of 43.3%[33] - Total revenue for the nine months ended December 31, 2020, was HKD 28,274,000, down 11.1% from HKD 31,832,000 in the same period of 2019[33] - Revenue from green building certification consulting increased by approximately 8.2% from HKD 13,400,000 to HKD 14,500,000 during the same period, due to an increase in new contracts and progress in ongoing projects[64] - Revenue from sustainable development and environmental consulting significantly decreased by approximately 38.0% from HKD 8,300,000 to HKD 5,100,000, primarily due to project delays and reduced consulting fees amid intense competition[66] Shareholder Information - The company did not declare any dividends for the nine months ended December 31, 2020, consistent with the previous year[5] - The weighted average number of ordinary shares increased to 1,277,136,537 for the nine months ended December 31, 2020, from 1,179,629,918 in the same period of 2019[44] - The profit attributable to shareholders was HKD 2,121,000, up from HKD 1,603,000 in 2019, marking a 32.3% increase[47] - As of December 31, 2020, Ms. Guo held approximately 731,381,599 shares, representing 55.41% of the company's equity[106] - Gold Investments holds 54.67% of the company's shares, while Dr. Huang Yonghao and City Beat Limited hold 8.27% and 6.48% respectively[110] Corporate Governance - The company has maintained compliance with all corporate governance codes as of December 31, 2020[116] - The audit committee, consisting of three independent non-executive directors, has reviewed the financial reporting processes and accounting policies[123] - The company has adopted a securities trading code for directors, ensuring compliance with trading regulations[117] - There have been no disclosures required under GEM Listing Rules regarding changes in directors or senior management during the reporting period[122] Future Plans and Expansion - The company has secured a green building consultancy contract in Yangon, Myanmar, as part of its expansion into Southeast Asia[59] - New companies have been established in Thailand and Singapore to provide tailored services across five business areas, including green and healthy buildings and smart green IoT[59] - The group plans to provide comprehensive green finance and ESG consulting services, including compliance and due diligence services covering local and international reporting standards[63] - The group aims to continue seeking opportunities in green and healthy building projects, which are expected to increase in the long term[63] COVID-19 Impact - The COVID-19 pandemic has had a limited impact on the company's operations and financial performance, with full resumption of operations as of the report date[104] - The company is monitoring the ongoing effects of COVID-19 on its financial condition and operational performance[104]

Financial Performance - The company's revenue for the six months ended September 30, 2020, was approximately HKD 18,600,000, compared to HKD 20,648,000 for the same period in 2019, representing a decrease of about 10%[5] - Gross profit for the same period was approximately HKD 9,200,000, down from HKD 9,642,000 in 2019, indicating a decline of around 4.6%[5] - The net profit after tax for the six months ended September 30, 2020, was approximately HKD 1,600,000, an increase from HKD 1,400,000 in 2019, reflecting a growth of about 14.3%[5] - The company reported a basic earnings per share of HKD 0.10 for the six months ended September 30, 2020, compared to HKD 0.12 for the same period in 2019[7] - The company recorded a profit of HKD 1,573,000 for the six months ended September 30, 2020, compared to a profit of HKD 1,356,000 for the same period in 2019, reflecting a year-over-year increase of approximately 16.1%[9] - The adjusted profit before tax for the group was HKD 2,058,000, compared to HKD 1,616,000 in the previous year, indicating an increase of approximately 27.3%[36] - The company’s total comprehensive income for the period was HKD 1,701,000, compared to HKD 449,000 for the same period in 2019, indicating a substantial increase[9] Dividends and Share Capital - The company did not declare an interim dividend for the six months ended September 30, 2020, consistent with the previous year[5] - The company issued 120,000,000 new shares at a price of HKD 0.052 per share, raising approximately HKD 5,200,000 after expenses, which represents a 9.09% increase in issued share capital[62] - No dividends were declared for the six months ended September 30, 2020, consistent with the previous year[51] Assets and Liabilities - Total assets as of September 30, 2020, were HKD 76,594,000, an increase from HKD 69,215,000 as of March 31, 2020, representing a growth of approximately 10.5%[8] - The company's total equity as of September 30, 2020, was HKD 71,664,000, up from HKD 64,446,000 as of March 31, 2020, indicating an increase of approximately 11.5%[8] - The group reported a total asset value of HKD 90,077,000 as of September 30, 2020, up from HKD 85,014,000 in 2019, reflecting a growth of approximately 5.0%[36] - The group’s total liabilities decreased to HKD 18,413,000 as of September 30, 2020, from HKD 19,089,000 in the previous year, a reduction of approximately 3.5%[36] Cash Flow and Financing - The net cash generated from operating activities for the six months ended September 30, 2020, was HKD 4,687,000, compared to a cash outflow of HKD 5,824,000 for the same period in 2019, indicating a significant improvement[11] - The company completed a placement that raised HKD 5,304,000 during the reporting period, contributing positively to its financing activities[12] - The company’s financing activities net cash flow was HKD 3,223,000, a recovery from a cash outflow of HKD 443,000 in the previous year[12] - The company has bank borrowings secured by approximately HKD 5,100,000 in bank deposits[114] - The company maintained a prudent financial management policy, ensuring a stable liquidity position as of September 30, 2020[101] Expenses - Administrative expenses increased to HKD 8,684,000 from HKD 8,017,000, representing a rise of approximately 8.3%[7] - The company incurred depreciation expenses of HKD 2,324,000 for property, plant, and equipment, and right-of-use assets combined, which is an increase from HKD 733,000 in the previous year[11] - The financing costs for the six months ended September 30, 2020, were HKD 171,000, an increase from HKD 109,000 in the same period of 2019, representing a rise of approximately 56.9%[40] - Employee benefits expenses decreased to HKD 9,777,000 for the six months ended September 30, 2020, compared to HKD 10,045,000 in the same period of 2019, a reduction of about 2.7%[46] Revenue Sources - The company’s revenue primarily comes from green building certification and acoustic consulting services, reflecting a strong market position in these areas[69] - The company’s operations are positively impacted by increasing demand for green building certification and sustainable development consulting services due to regulatory requirements in Hong Kong[66] - Revenue from green building certification consulting decreased by 4.6% to approximately HKD 9,400,000 due to COVID-19 impacts[79] - Revenue from sustainable development and environmental consulting dropped significantly by 45.4% to approximately HKD 3,100,000, attributed to increased competition[79] - Revenue from acoustic, noise and vibration control, and audiovisual design consulting increased by approximately 23.3% from HKD 3,700,000 to HKD 4,500,000 for the six months ended September 30, 2020[80] - Revenue from environmental, social, and governance reporting and consulting rose by 7.8% from HKD 1,500,000 to HKD 1,600,000 for the same period[80] Market and Competition - The company is facing intense competition with no legal barriers in the industry, which may affect its market position and profitability[117] - Over 90% of the company's revenue is generated from projects obtained through bidding, which are non-recurring in nature[116] Future Plans and Expansion - The company plans to expand its business into Southeast Asia, including establishing offices in Thailand and Singapore[74] - The company aims to provide comprehensive ESG consulting services, including compliance and due diligence services[75] - The company has entered into a non-binding letter of intent with New City Construction Development Group to establish a joint venture, with both parties holding 50% equity[108] - The joint venture aims to leverage the company's expertise in green, smart, and healthy building consulting, alongside New City Construction's property development knowledge, to create sustainable communities across various regions including Hong Kong and mainland China[108] Governance and Compliance - The company has maintained compliance with all corporate governance codes as of September 30, 2020[133] - The audit committee, consisting of three independent non-executive directors, has reviewed the financial reporting processes and discussed financial matters with management[140]

Financial Performance - The group's revenue for the three months ended June 30, 2020, was approximately HKD 8,500,000, compared to HKD 9,826,000 for the same period in 2019, representing a decrease of about 13.6%[5] - Gross profit for the same period was approximately HKD 4,100,000, down from HKD 4,384,000 in 2019, indicating a decline of approximately 6.5%[5] - The net profit after tax for the three months ended June 30, 2020, was approximately HKD 300,000, unchanged from the same period in 2019[5] - The company reported a basic and diluted earnings per share of HKD 0.02 for the three months ended June 30, 2020, compared to HKD 0.03 in 2019[7] - The company reported a pre-tax profit of HKD 291,000 for the period, a decrease of 4.3% from HKD 304,000 in the previous year[32] - The profit attributable to the owners of the company remained stable at approximately HKD 300,000 for the three months ended June 30, 2020, unchanged from the same period in 2019[59] Revenue Breakdown - Total revenue for the three months ended June 30, 2020, was HKD 8,476,000, a decrease of 13.7% from HKD 9,826,000 in the same period of 2019[27] - Revenue from green building certification consulting was HKD 4,012,000, down 26.2% from HKD 5,438,000 year-on-year[27] - Revenue from sustainable development and environmental consulting decreased by 38.7% to HKD 1,314,000 from HKD 2,144,000[27] - Revenue from acoustic, noise, and vibration control consulting increased by approximately 85.3% from HKD 1,200,000 to HKD 2,300,000, driven by new contracts and significant progress in ongoing projects[55] - Revenue from environmental, social, and governance reporting consulting slightly decreased by 14.7% from HKD 1,000,000 to HKD 900,000 due to competitive pressures[55] Cost Control and Expenses - The company maintained strict cost control measures, which contributed to stable net profit despite a decrease in revenue[5] - The administrative expenses decreased by approximately 7.6% from HKD 4,100,000 to HKD 3,800,000 due to cost control measures[58] - Financing costs for the period were HKD 92,000, up from HKD 35,000 in the previous year, primarily due to the introduction of lease liabilities[28] - The company incurred a tax expense of HKD 58,000, slightly up from HKD 56,000 in the same period last year[31] Dividends and Shareholder Returns - The board of directors decided not to declare any dividends for the three months ended June 30, 2020, consistent with the previous year[5] - The company did not declare any dividends for the three months ended June 30, 2020, consistent with the previous year[39] Business Operations and Strategy - The company has a focus on enhancing subcontracting services related to ecological and green building certifications, which has been a key area of internal expertise[5] - The company operates primarily in Hong Kong and China, providing consulting services in green building certification and sustainable development[10] - The company is positioned to benefit from increased demand for green building certification and sustainable development consulting services due to regulatory changes in Hong Kong[41] - The company anticipates continued growth in the environmental consulting sector driven by government initiatives and regulations[42] - The company is expanding its business into Southeast Asia under the Belt and Road Initiative, having secured a green building consulting contract in Yangon, Myanmar[49] - The company anticipates increased demand for ESG consulting services following the implementation of new ESG reporting guidelines effective July 2020[49] Financial Management and Risks - The company maintains a prudent financial management policy, ensuring a stable liquidity position as of June 30, 2020[63] - The company has no significant foreign exchange risk as most transactions are conducted in HKD, and no derivative agreements are in place[62] - The company has no significant financial risks, with a risk management policy approved by the board[73] - As of June 30, 2020, the company had no significant contingent liabilities, maintaining a stable financial position[71] Corporate Governance - The company has maintained compliance with all corporate governance codes as of June 30, 2020[90] - The corporate governance structure separates the roles of Chairman and CEO to ensure effective leadership[90] - The company has adopted a securities trading code that meets or exceeds mandatory trading standards[91] - The audit committee was established on September 23, 2016, consisting of three independent non-executive directors[95] - The main responsibilities of the audit committee include providing independent opinions on financial reporting processes and reviewing financial data and disclosures[95] Shareholder Information - As of June 30, 2020, the company’s directors and senior executives held approximately 55.2% of the company's shares, totaling 728,631,600 shares[79] - Gold Investments holds a significant stake of 721,701,600 shares, representing 54.67% of the company's equity[83] - Dr. Wong Yong Ho owns 109,161,600 shares, accounting for 8.27% of the total equity[83] - City Beat Limited possesses 85,552,400 shares, which is 6.48% of the company's equity[83] Employee and Operational Developments - The company has implemented a share award plan to enhance employee benefits and productivity, with 16,220,000 shares held by the trustee as of June 30, 2020[76] - The company has resumed full operations despite the COVID-19 pandemic, with minimal expected impact on financial performance[77] - The company is closely monitoring the developments of the COVID-19 pandemic and its potential impacts on operations and financial performance[77] Acquisitions and Investments - The net proceeds from the IPO were allocated with 62.4% (HKD 7,800,000) intended for acquisitions or establishing subsidiaries in the Chinese market[60] - The company signed an agreement to acquire 35% of Beijing Dashide Run Energy Technology Co., Ltd. for a total consideration of RMB 7,000,000 (approximately HKD 7,700,000)[61] - The company committed to acquiring approximately 31.5789% equity in a target company for a total consideration of RMB 7,000,000[72] Share Issuance and Capital Management - The company entered into a placement agreement to issue up to 150,000,000 shares at a price of HKD 0.049 per share, although the agreement expired without execution[68] - The company successfully placed a total of 120,000,000 shares, raising approximately HKD 5,200,000 for general operational funds, including monthly expenses of about HKD 2,500,000[69] - The company has no outstanding stock options under its stock option plan as of June 30, 2020[75]

Financial Performance - The group's revenue increased from approximately HKD 30.1 million for the year ended March 31, 2019, to approximately HKD 42.5 million for the year ended March 31, 2020, representing a growth of 41.1%[8]. - The net profit after tax for the year ended March 31, 2020, was approximately HKD 800,000, compared to a net loss of approximately HKD 9.9 million for the year ended March 31, 2019[8]. - The revenue increase was primarily due to adjustments in bidding prices, the acquisition of new contracts, and significant progress in ongoing projects in the green building certification and acoustics, noise, and vibration control consulting segments[8]. - The total revenue increased from approximately HKD 30,100,000 for the year ended March 31, 2019, to approximately HKD 42,500,000 for the year ended March 31, 2020, representing a growth of about 41.1%[34]. - Revenue from the green building certification consulting segment rose by 94.2% from approximately HKD 9,800,000 to approximately HKD 19,100,000, driven by an increase in new contracts and significant progress in ongoing projects[34]. - The sustainable development and environmental consulting segment's revenue slightly increased by 0.2% to approximately HKD 10,600,000, primarily due to intense competition in this segment[34]. - Revenue from the acoustics, noise, and vibration control consulting segment increased by approximately 50.1% from about HKD 6,000,000 to approximately HKD 9,000,000, attributed to an increase in new contracts and substantial progress in projects[34]. - The environmental, social, and governance reporting consulting segment's revenue increased by about 2.0% to approximately HKD 3,800,000, due to significant progress in its projects[35]. - The group recorded a profit of approximately HKD 800,000 for the year ended March 31, 2020, compared to a loss of approximately HKD 9,900,000 in the same period of 2019, with total revenue increasing from HKD 30,100,000 to HKD 42,500,000[39]. Market Position and Strategy - The company aims to strengthen its market position in the green building consulting market in Hong Kong and mainland China, leveraging its brand strength and core industry competitiveness[12]. - The company is optimistic about its investment in Beijing Dashide Run Energy Technology Co., which provides green building and environmental consulting services in mainland China, expecting it to enhance market share and service quality[13]. - The company is exploring business opportunities in mainland China, particularly in first-tier cities like Beijing, Shanghai, and Shenzhen, through acquisitions and new solutions[31]. - The company aims to provide innovative software services for smart energy management and fault detection for building systems on a cloud platform in the upcoming years[32]. - The company is prepared to capitalize on opportunities arising from the increasing environmental standards and sustainable development initiatives in Hong Kong[16]. - The company emphasizes the importance of green and healthy buildings as long-term business opportunities in response to global health challenges like COVID-19[19]. Cost Management and Financial Health - The company has implemented strict cost control measures, including rationalizing recurring expenses and enhancing cost control over professional service fees[8]. - The group's service costs increased by approximately 5.6% from HKD 20,400,000 for the year ended March 31, 2019, to HKD 21,600,000 for the year ended March 31, 2020[37]. - Gross profit surged by approximately 115.9% from HKD 9,700,000 for the year ended March 31, 2019, to HKD 20,900,000 for the year ended March 31, 2020, driven by the progress of green building certification projects and overall upward adjustments in bidding prices[37]. - Operating cash outflow decreased significantly to approximately HKD 1,700,000 for the year ended March 31, 2020, from HKD 8,000,000 for the year ended March 31, 2019, due to improved accounts receivable management[40]. - Cash and bank balances decreased to approximately HKD 8,100,000 as of March 31, 2020, from HKD 17,000,000 as of March 31, 2019, a reduction of approximately HKD 8,900,000[41]. - The group maintained a debt-to-equity ratio of approximately 5.4% as of March 31, 2020, compared to 5.3% as of March 31, 2019[45]. - The group held financial assets valued at approximately HKD 1,200,000 as of March 31, 2020, and owned 2,368,000 shares of Zhuang Huang Group, representing about 1.1% of the total issued shares[48]. ESG and Sustainability Initiatives - The company has been providing award-winning environmental, social, and governance (ESG) reporting and consulting services since November 2015, serving a diverse client base across Greater China and various global sectors[15]. - The company anticipates an increase in demand for ESG consulting services due to significant modifications in the ESG governance and disclosure framework for Hong Kong listed companies, effective July 2020[18]. - The company has received the "2019 Inno ESG" award, recognizing its contributions to ESG practices and sustainable development initiatives[15]. - The company is committed to participating in more green health building projects to create a sustainable and healthier future for stakeholders[12]. - The company acknowledges the growing awareness of green finance and investment, which is expected to increase demand for green financial consulting services[19]. - The company has allocated HKD 6,679,000 (20%) for enhancing environmental, social, and governance (ESG) services, with HKD 3,634,000 already utilized[67]. - The company aims to further expand its ESG business, which has seen significant growth over the past two years, indicating a strategic focus on this area[69]. Corporate Governance - The company has adopted a dividend policy to enhance transparency, with no final dividend declared for the year ending March 31, 2020[97]. - The company is committed to maintaining good corporate governance standards and has adhered to all relevant codes[143]. - The board consists of six directors, including one executive director, one non-executive director, and four independent non-executive directors[180]. - The company has established various committees, including an audit committee, remuneration committee, and nomination committee, to oversee specific responsibilities[195]. - The company has a compliance officer appointed since June 10, 2016, to ensure adherence to regulations[194]. - The company has maintained compliance with all provisions of the corporate governance code as of March 31, 2020[178]. - The independent auditor for the group is Deloitte Touche Tohmatsu, appointed to fill the vacancy left by the previous auditor[154]. Shareholder Information - The company has a commitment to environmental protection and compliance with relevant laws and regulations[96]. - The largest customer accounted for 5.2% of the group's total revenue, while the top five customers together represented 22.6% of total revenue[100]. - The largest supplier contributed 17.7% to the group's subcontracting costs, with the top five suppliers accounting for 63.7% of subcontracting costs[100]. - The company has resumed full operations despite the ongoing impact of the COVID-19 pandemic, with the board estimating that the operational and financial impact may not be significant[117]. - The company reported charitable donations of HKD 29,060 for the year ended March 31, 2020, compared to HKD 23,630 for the previous year[150].

Financial Performance - The group's revenue for the nine months ended December 31, 2019, was approximately HKD 31,800,000, an increase of about 32% from HKD 24,100,000 for the same period in 2018[6]. - Gross profit for the same period was approximately HKD 15,200,000, resulting in a gross margin of approximately 47.7%[6]. - The net profit after tax for the nine months was approximately HKD 1,600,000, a significant recovery from a net loss of HKD 3,100,000 in the previous year[6]. - The earnings per share for the nine months was HKD 0.14, compared to a loss per share of HKD 0.26 for the same period in 2018[8]. - The group reported revenue of HKD 31,832,000 for the nine months ended December 31, 2019, an increase of 32% compared to HKD 24,146,000 for the same period in 2018[34]. - The group reported a profit attributable to owners of the company of HKD 1,603,000 for the nine months ended December 31, 2019, compared to a loss of HKD 3,054,000 in the same period of 2018[42]. - The company recorded a profit of approximately HKD 1,600,000 for the nine months ended December 31, 2019, compared to a loss of approximately HKD 3,100,000 in the same period of the previous year[68]. Revenue Segments - Revenue from the green building certification consulting segment reached HKD 13,396,000 for the nine months ended December 31, 2019, up 58% from HKD 8,446,000 in the previous year[34]. - Revenue from the acoustic, noise, and vibration control consulting segment increased by approximately 90.3% from HKD 4,000,000 to HKD 7,700,000, attributed to new contracts and significant progress in ongoing projects[63]. - The environmental, social, and governance consulting revenue decreased by approximately 22.6% from HKD 3,200,000 to HKD 2,500,000 due to increased competition in this segment[63]. - The green building certification consulting and sustainable development services contributed approximately 42.1% and 26.0% to the overall revenue, respectively, for the nine months ended December 31, 2019[51]. Expenses and Costs - Administrative expenses for the nine months were approximately HKD 13,155,000, slightly higher than HKD 13,006,000 in the previous year[8]. - The group incurred financing costs of HKD 197,000 for the nine months ended December 31, 2019, compared to HKD 118,000 for the same period in 2018, reflecting an increase of 67%[35]. - The group’s employee benefit expenses, including directors' remuneration, totaled HKD 15,124,000 for the nine months ended December 31, 2019, slightly down from HKD 15,476,000 in the previous year[36]. - The group’s depreciation of property, plant, and equipment was HKD 426,000 for the nine months ended December 31, 2019, compared to HKD 310,000 for the same period in 2018[36]. Financial Reporting and Standards - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, with accounting policies consistent with those used in the annual financial statements for the year ended March 31, 2019[15]. - The group has adopted HKFRS 16 "Leases" from April 1, 2019, which impacts the recognition of lease liabilities and right-of-use assets[18]. - The group’s lease liabilities are initially measured at the present value of future lease payments, including fixed payments and variable lease payments based on indices or rates[21]. - The management continuously reviews estimates and assumptions that affect the financial statements, which may lead to significant adjustments in asset and liability values in future periods[24]. Strategic Plans and Market Opportunities - The company is actively exploring business opportunities in first-tier cities in China, including Shenzhen, Beijing, and Shanghai, focusing on environmental solutions and green construction[57]. - The company plans to establish a green technology and product alliance to accelerate the implementation and adoption of relevant technologies and products[57]. - The company aims to enhance its competitive position by expanding its customer base and improving productivity through enterprise resource planning systems[57]. - The company is currently planning to utilize internal financial resources to develop its green building services and solutions, as well as green product business[57]. Shareholder and Corporate Governance - As of December 31, 2019, the major shareholder Gold Investments holds 721,701,600 shares, representing 60.14% of the total shares[92]. - Ms. Guo holds 726,011,600 shares, which accounts for 60.50% of the company's shares[88]. - The roles of the chairman and CEO are separated, with Ms. Guo serving as the chairman since November 11, 2016[98]. - The audit committee was established on September 23, 2016, consisting of three independent non-executive directors[102]. Utilization of IPO Proceeds - The company revised the allocation of net proceeds from the IPO, with a total of HKD 33,396,000, of which HKD 23,626,000 remains unutilized[74]. - 40% of the net proceeds (HKD 13,313,000) is allocated for acquisitions or establishing subsidiaries, with no change from the original plan[74]. - The company has identified a potential acquisition target in the ESG sector, indicating a strategic focus on sustainable consulting services[75]. - The total unutilized proceeds after the second revision amount to HKD 19,544,000[75].

Financial Performance - The group's revenue for the six months ended September 30, 2019, was approximately HKD 20,600,000, an increase of about 22.6% from HKD 16,800,000 for the same period in 2018[6]. - Gross profit for the same period was approximately HKD 9,600,000, reflecting a gross margin improvement due to significant progress in ongoing project contracts[6]. - The net profit after tax for the six months ended September 30, 2019, was approximately HKD 1,400,000, compared to a net loss of HKD 1,600,000 for the same period in 2018[6]. - The adjusted profit before tax for the group was HKD 1,616,000, compared to a loss of HKD 1,950,000 in the previous year, indicating a significant turnaround[42]. - The group's gross profit increased by 48.2%, from approximately HKD 6,500,000 to approximately HKD 9,600,000, primarily due to the increased revenue from green building certification consulting[86]. - The group recorded a profit of approximately HKD 1,400,000 for the six months ended September 30, 2019, compared to a loss of approximately HKD 1,600,000 in the same period of 2018[89]. Revenue Segmentation - The group reported a total of HKD 9,813,000 in revenue from the green building certification consulting segment, up from HKD 5,468,000 in the previous year, marking a growth of about 79.5%[38]. - Revenue from green building certification consulting surged by 79.5%, rising from approximately HKD 5,500,000 to approximately HKD 9,800,000, driven by an increase in new contracts and significant progress in ongoing projects[81]. - The revenue from sustainable development and environmental consulting slightly decreased by 5.8%, from approximately HKD 6,000,000 to approximately HKD 5,700,000, mainly due to a slowdown in project progress[82]. Cash Flow and Financial Position - Cash and cash equivalents decreased to HKD 7,741,000 from HKD 17,046,000 as of March 31, 2019, indicating a need for improved cash management[9]. - Cash flow from operating activities showed a net outflow of HKD 5,824,000 for the six months ended September 30, 2019, compared to an outflow of HKD 4,144,000 in 2018[12]. - The net cash used in operating activities for the six months ended September 30, 2019, was approximately HKD 6,600,000, an increase from approximately HKD 4,200,000 for the same period in 2018[90]. - As of September 30, 2019, the group's cash and bank balances were approximately HKD 12,800,000, a decrease of approximately HKD 9,300,000 from HKD 22,100,000 as of March 31, 2019[91]. - The total assets of the group increased to HKD 85,014,000 from HKD 75,860,000, reflecting a growth of approximately 12.8%[38]. Equity and Liabilities - Total equity as of September 30, 2019, was HKD 65,925,000, up from HKD 65,476,000 as of March 31, 2019[9]. - The group’s total liabilities rose to HKD 19,089,000 from HKD 10,384,000, an increase of approximately 83.5%[38]. - The company's debt-to-equity ratio as of September 30, 2019, was approximately 5.3%, unchanged from March 31, 2019[111]. Operational Highlights - The company has 104 ongoing projects in sustainable development and environmental consulting, an increase from 93 projects a year earlier[72]. - As of September 30, 2019, the company had 196 ongoing projects in green building certification, up from 156 projects a year earlier[71]. - The company is actively exploring business opportunities in other first-tier cities in China, such as Beijing and Shanghai, particularly in environmental solutions and green construction[76]. Corporate Governance and Management - The board of directors is committed to maintaining high standards of corporate governance and has adopted a securities trading code[142]. - The audit committee consists of three independent non-executive directors, ensuring independent oversight of financial reporting[144]. - The company has maintained compliance with all corporate governance codes during the reporting period[141]. Future Plans and Strategies - The company plans to offer innovative services related to smart energy management and fault detection for building systems on a cloud platform in the upcoming years[78]. - The company aims to enhance its competitive position by expanding its client base and implementing enterprise resource planning systems to improve productivity[76]. - The company is committed to identifying and promoting emerging green and innovative technologies and related products[76]. Shareholder Information - As of September 30, 2019, Ms. Guo holds approximately 726,011,600 shares, representing 60.50% of the company[130]. - Gold Investments holds 721,701,600 shares, representing 60.14% of the total equity[134]. - Dr. Wong Yong Ho owns 109,161,600 shares, accounting for 9.10% of the total equity[134]. - The company has implemented a share award scheme to enhance employee benefits and retention, with 12,100,000 shares granted to selected participants[128].

Financial Performance - The group's revenue for the three months ended June 30, 2019, was approximately HKD 9,800,000, an increase of about 32.4% from HKD 7,400,000 for the same period in 2018[6] - Gross profit for the same period was approximately HKD 4,400,000, compared to HKD 2,738,000 in the previous year, reflecting a gross margin improvement[6] - The net profit after tax for the three months ended June 30, 2019, was approximately HKD 300,000, a significant recovery from a net loss of HKD 2,200,000 in the same period of 2018[6] - The basic earnings per share for the period was HKD 0.03, compared to a loss per share of HKD 0.19 in the prior year[8] - The group achieved a pre-tax profit of HKD 360,000, a turnaround from a pre-tax loss of HKD 2,629,000 in the same period last year[8] - The pre-tax profit for the group was HKD 304,000, compared to a loss of HKD 2,210,000 for the same period in 2018[38] - The group incurred a tax expense of HKD 56,000 for the period, compared to a tax credit of HKD 419,000 in the same period of the previous year[34] Revenue Breakdown - The green building certification consulting segment contributed approximately 55.3% of total revenue, while sustainable development and environmental consulting contributed 21.8%[42] - Revenue from green building certification consulting surged by 115.9%, rising from approximately HKD 2,500,000 to approximately HKD 5,400,000 due to an increase in new contracts and significant progress in ongoing projects[54] - The revenue from sustainable development and environmental consulting decreased by 27.1%, from approximately HKD 2,900,000 to approximately HKD 2,100,000, primarily due to project progress slowing and increased competition[54] - The revenue from environmental, social, and governance reporting consulting increased by 33.8%, from approximately HKD 800,000 to approximately HKD 1,000,000, due to significant progress in projects[54] Expenses and Cost Management - Administrative expenses decreased to HKD 4,066,000 from HKD 4,567,000, attributed to improved cost control measures[6] - Employee benefits expenses, including salaries and allowances, amounted to HKD 4,917,000, an increase of 7.4% from HKD 4,578,000 in the previous year[32] - The financing cost for the three months ended June 30, 2019, was HKD 35,000, a decrease of 16.7% from HKD 42,000 in the same period of 2018[31] Accounting and Compliance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance and accuracy in reporting[13] - The company has adopted HKFRS 16, which affects the accounting treatment of leases, leading to an increase in both assets and liabilities[18] - The company has chosen not to apply the new accounting model to short-term leases (12 months or less) and low-value asset leases, continuing to recognize rental expenses on a systematic basis[20] - Deferred tax assets are only recognized when there is a reasonable expectation of future taxable profits to offset the losses, requiring significant judgment[28] Strategic Plans and Market Opportunities - The company plans to provide innovative services related to smart energy management and fault detection for building systems on a cloud platform targeting large commercial buildings in Hong Kong and China[50] - The company aims to explore business opportunities in other first-tier cities in China, such as Beijing and Shanghai, focusing on environmental solutions and green construction products[48] - The company has identified significant potential in the green building certification business following the Hong Kong government's issuance of USD 1 billion in green bonds[51] - The company anticipates continued demand for green building certification and sustainable development consulting services due to regulatory requirements in Hong Kong[39] IPO Proceeds and Utilization - The company plans to use the proceeds from its IPO, totaling approximately HKD 33,400,000 after expenses, for strategic acquisitions and business expansion in the Chinese market[60] - The revised allocation of IPO proceeds includes HKD 13,313,000 for acquisitions to enter the Chinese market, maintaining the original allocation[62] - The company aims to further expand its environmental, social, and governance consulting services, with a revised allocation of HKD 3,634,000 for this purpose[64] - The company has reduced the allocation for strategic acquisitions in Hong Kong to HKD 5,800,000 due to recent discussions regarding a potential acquisition[62] - The total amount of unutilized IPO proceeds as of July 31, 2018, was HKD 23,626,000, reflecting the company's ongoing strategic adjustments[64] Shareholding and Corporate Governance - As of June 30, 2019, Ms. Guo holds approximately 60.47% of the company's shares, with Mr. Hu also holding the same percentage through a controlled corporation[88] - Gold Investments holds 60.14% of the shares, amounting to 721,701,600 shares[92] - Dr. Wong Yong Ho owns 9.10% of the shares, totaling 109,161,600 shares[92] - The company has maintained compliance with all corporate governance codes as of June 30, 2019[99] - The audit committee consists of three independent non-executive directors, ensuring independent oversight of financial reporting[103] Risk Management - The financial department manages risks according to board-approved policies, focusing on identifying, assessing, and hedging financial risks[83] - The company has not entered into any derivative agreements or used financial instruments to hedge foreign exchange risks as of June 30, 2019[75]

Financial Performance - The group's revenue decreased from approximately HKD 30,500,000 for the year ended March 31, 2018, to approximately HKD 30,100,000 for the year ended March 31, 2019, representing a decline of 1.4%[10] - Gross profit fell from approximately HKD 13,000,000 to approximately HKD 9,700,000, a decrease of about 25.3%[10] - The net loss for the year increased from approximately HKD 4,100,000 to approximately HKD 9,900,000, primarily due to a decline in revenue and an increase in service costs from approximately HKD 17,600,000 to approximately HKD 20,400,000[11] - Administrative expenses rose by approximately HKD 2,800,000 to support employee benefits and future development[11] - The company did not declare a final dividend for the year ended March 31, 2019[12] - Revenue from green building certification consulting decreased by 38.9% from approximately HKD 16,100,000 to approximately HKD 9,800,000 due to project delays and increased competition[36] - Revenue from sustainable development and environmental consulting increased by 11.4% from approximately HKD 9,500,000 to approximately HKD 10,500,000, attributed to new contract awards[36] - Revenue from acoustic, noise, and vibration control consulting increased by approximately 138.3% from approximately HKD 2,500,000 to approximately HKD 6,000,000 due to new contract awards[37] - The loss attributable to the company's owners increased from approximately HKD 4,100,000 to approximately HKD 9,900,000, driven by decreased revenue and increased service costs[42] Business Development and Strategy - The company aims to strengthen its leadership role in the green building consulting market amid intense competition[15] - The company participated in multiple award-winning projects, enhancing its reputation in the green building sector[15] - The company is involved in a combination of certified existing buildings and new construction projects, which will enhance its capacity to provide green building certification services[15] - The local market has significant potential for green building certification services, covering over 42,000 buildings[15] - The total amount of new contracts for the company increased by approximately 30% compared to the previous year[20] - The company is expanding its business into mainland China, having secured new large-scale green building projects in Hangzhou and multiple acoustic design projects in Macau[21] - The company aims to enhance its position as a one-stop environmental solution provider to meet the increasing demand for environmental consulting and solutions[20] - The company is preparing to offer "offline to online" environmental, social and governance solutions, including an online learning course in collaboration with a scholar[20] - The company has established a wholly-owned subsidiary in Shenzhen, China, to meet the growing market demand for green building certification consulting and sustainable development services[59] - The company aims to expand its environmental, social, and governance consulting business, having identified a target company in Asia for acquisition[61] Financial Position and Cash Flow - The net cash used in operating activities for the year ended March 31, 2019, was approximately HKD 8,000,000, a decrease from HKD 8,700,000 for the year ended March 31, 2018, primarily due to improvements in accounts receivable management[43] - As of March 31, 2019, the company's cash and bank balances were approximately HKD 17,000,000, down from HKD 31,400,000 as of March 31, 2018, representing a decrease of about HKD 14,300,000[45] - The total bank financing as of March 31, 2019, was approximately HKD 8,500,000, of which about HKD 3,500,000 had been utilized[45] - The debt-to-equity ratio as of March 31, 2019, was approximately 5.3%, down from 9.8% as of March 31, 2018[48] - The total unutilized net proceeds as of March 31, 2019, amounted to HKD 18,897,000[79] Corporate Governance - The company has established a remuneration committee to review the compensation policies for directors and senior management based on performance and market practices[120] - The company has appropriate insurance arrangements for legal liabilities related to directors and senior management[128] - The group has adopted a code of conduct for directors' securities transactions, confirming compliance with the standards set out in GEM Listing Rules[135] - The group has maintained compliance with all provisions of the corporate governance code as of March 31, 2019[132] - The board of directors includes three independent non-executive directors, ensuring proper oversight of financial reporting and internal controls[140] - The company has received written confirmations regarding the independence of its independent non-executive directors[177] - The company has established various committees, including the Audit Committee and Remuneration Committee, to oversee its responsibilities[185] Market and Competitive Landscape - The company faces intense competition from market participants with more financial resources, diverse services, better pricing flexibility, stronger brand recognition, and a more solid customer base[66] - Over 90% of the company's revenue is generated from projects obtained through bidding, which are non-recurring in nature[63] - The expansion of the internal professional team has led to a decrease in gross profit margins, with the board believing that new hires will enhance the company's bidding capabilities and maintain client relationships[67] Employee and Management - The company has hired a total of 57 employees as of March 31, 2019, compared to 55 employees as of March 31, 2018[47] - The company has hired three new consultants/assistant consultants with expertise in environmental, social, and governance reporting and consulting[59] - The company has a strong leadership team with members holding various prestigious positions in professional associations and committees related to finance and environmental management[150][151][154][156] - The leadership team has a diverse background in human resources, engineering, and business development, contributing to a well-rounded strategic approach[156][159] Shareholder Information - The company has approximately HKD 20,000,000 available for distribution to equity shareholders as of March 31, 2019[96] - The company did not declare any final dividends for the fiscal year ending March 31, 2019[85] - The company has approved a share option scheme allowing for a maximum of 120,000,000 shares, representing 10% of the total issued shares immediately following the listing date[103] - A total of 6,100,000 shares were purchased under the share award scheme, with the trustee holding 22,100,000 shares as of March 31, 2019, which is approximately 1.01% of the total issued shares[104][105] Environmental, Social, and Governance (ESG) Initiatives - The company is committed to integrating corporate social responsibility with its business strategy and management policies[136] - The company emphasizes sustainable development and has been involved in various community service initiatives related to environmental impact assessments and water resource management[151][152] - The company established an Environmental, Social, and Governance (ESG) Committee to report on environmental and social responsibilities[200]

Financial Performance - The group's revenue for the nine months ended December 31, 2018, was approximately HKD 24,100,000, a decrease of about HKD 2,700,000 from HKD 26,800,000 for the same period in 2017, representing a decline of approximately 10.1%[7] - Gross profit for the nine months ended December 31, 2018, was approximately HKD 9,300,000, down from HKD 13,809,000 in the same period of 2017, indicating a decrease of about 32.8%[7] - The group reported a net loss of approximately HKD 3,100,000 for the nine months ended December 31, 2018, compared to a net profit of approximately HKD 1,500,000 for the same period in 2017, marking a significant turnaround in performance[7] - For the three months ended December 31, 2018, the group recorded a revenue of HKD 7,339,000, a decrease from HKD 8,257,000 in the same period of 2017, reflecting a decline of approximately 11.1%[9] - The basic loss per share for the nine months ended December 31, 2018, was HKD 0.25, compared to earnings of HKD 0.12 per share in the same period of 2017[9] - For the nine months ended December 31, 2018, the company reported a loss attributable to owners of the company of HKD 3,054,000 compared to a profit of HKD 1,468,000 for the same period in 2017[52] Revenue Breakdown - Revenue from green building certification consulting decreased by 29.4% to HKD 8,446,000 for the nine months ended December 31, 2018, compared to HKD 14,443,000 in the same period of 2017[44] - Revenue from sustainable development and environmental consulting increased by 14.0% to HKD 8,465,000 for the nine months ended December 31, 2018, compared to HKD 7,423,000 in the same period of 2017[44] - The company’s revenue from acoustic, noise, and vibration control consulting increased by 26.9% to HKD 4,031,000 for the nine months ended December 31, 2018, compared to HKD 3,177,000 in the same period of 2017[44] - The company’s revenue from environmental, social, and governance reporting consulting increased by 79.5% to HKD 3,204,000 for the nine months ended December 31, 2018, compared to HKD 1,782,000 in the same period of 2017[44] Expenses and Costs - The cost of services increased by approximately HKD 1,800,000, primarily due to subcontracting costs for ecological and laboratory testing services[7] - The group's administrative expenses for the nine months ended December 31, 2018, were approximately HKD 13,006,000, compared to HKD 12,164,000 for the same period in 2017, an increase of about 6.9%[9] - Employee benefits expenses increased to HKD 16,347,000 for the nine months ended December 31, 2018, up from HKD 15,354,000 in 2017, representing a growth of approximately 6.5%[50] - The company incurred financing costs of HKD 118,000 for the nine months ended December 31, 2018, compared to HKD 28,000 in the same period of 2017, representing a 321.4% increase[46] Equity and Retained Earnings - The total equity attributable to the owners of the company as of December 31, 2018, was approximately HKD 73,603,000, down from HKD 83,370,000 at the end of 2017[10] - The company reported a net decrease of HKD 492,000 in retained earnings as of April 1, 2018, due to the initial application of HKFRS 9, which includes additional expected credit losses of HKD 98,000[21] - The company reported a significant increase in expected credit losses amounting to HKD 98,922, reflecting a decrease in retained earnings and accounts receivable by the same amount[37] Accounting Standards and Financial Reporting - The transition to HKFRS 9 resulted in the classification of financial assets into three main categories: amortized cost, fair value through other comprehensive income, and fair value through profit or loss[24] - The expected credit loss model under HKFRS 9 replaces the incurred loss model, allowing for earlier recognition of expected credit losses[27] - The company applies the new expected credit loss model to financial assets measured at amortized cost, including cash and trade receivables[30] - The financial statements are prepared based on historical cost, consistent with the accounting policies used in the previous annual report[17] Corporate Governance and Management - The board of directors decided not to declare an interim dividend for the nine months ended December 31, 2018, consistent with the previous year[7] - The company has maintained compliance with all corporate governance code provisions as of December 31, 2018[104] - The roles of the chairman and CEO are separated to enhance leadership and strategic planning efficiency[104] - There have been changes in the board composition, with Mr. Lee Wing Sun appointed as an independent non-executive director[108] Future Plans and Market Opportunities - The company plans to develop innovative software services for smart energy management and fault detection for building systems on a cloud platform[67] - The company is exploring business opportunities in mainland China, particularly in first-tier cities like Beijing and Shanghai[65] - The company aims to establish a green technology and product alliance to accelerate the implementation and adoption of related technologies[67] Project and Contract Information - The company has 156 ongoing projects in green building certification as of December 31, 2018, an increase from 132 projects as of December 31, 2017, indicating a growth of 18.2%[60] - The sustainable development and environmental consulting segment has 93 ongoing projects as of December 31, 2018, up from 68 projects in 2017, reflecting a growth of 36.8%[61] - The number of ongoing projects as of December 31, 2018, was 314, with a total contract value of approximately HKD 126,600,000[69] Tax and Deferred Tax - The company incurred a total tax expense of HKD 567,000 for the nine months ended December 31, 2018, compared to a tax expense of HKD 232,000 in 2017, representing an increase of approximately 144.4%[50] - The deferred tax expense for the nine months ended December 31, 2018, was HKD 582,000, significantly higher than HKD 34,000 in the previous year, indicating a substantial increase in deferred tax liabilities[50] Shareholder Information - Gold Investments holds 721,701,600 shares, representing 60.14% of the company's equity[98] - Dr. Wong Wing Ho owns 109,161,600 shares, accounting for 9.10% of the company's equity[98] - City Beat Limited holds 86,552,400 shares, which is 7.21% of the company's equity[98] Miscellaneous - The company has not applied any new standards or interpretations that are not yet effective during the current accounting period[18] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the nine months ending December 31, 2018[85] - The company has no significant equity investments in other companies as of December 31, 2018, and no clear future plans for major investments or capital assets[84]