Financial Performance - Revenue for the three months ended July 31, 2023, was approximately HKD 12.1 million, a decrease of about 50.8% compared to HKD 24.7 million for the same period in 2022[8] - Loss attributable to equity holders for the three months ended July 31, 2023, was approximately HKD 1.6 million, a reduction of about 53.5% from a loss of HKD 3.5 million in the same period last year[8] - Basic and diluted loss per share for the three months ended July 31, 2023, was approximately HKD 0.66 cents, compared to HKD 1.48 cents for the same period in 2022[8] - Gross profit for the three months ended July 31, 2023, was approximately HKD 0.2 million, a decrease of about 61.0% from HKD 0.6 million in the same period last year[16] - Gross profit margin decreased from approximately 2.3% for the three months ended July 31, 2022, to 1.9% for the same period in 2023[16] - Direct costs for the three months ended July 31, 2023, were approximately HKD 11.9 million, a decrease of about 50.5% from HKD 24.1 million in the same period last year[16] - For the three months ended July 31, 2023, the company reported a net loss of approximately HKD 1.6 million, a decrease from a net loss of approximately HKD 3.5 million for the same period in 2022, primarily due to reduced employee costs and professional fees[19] - The company reported a loss before tax of HKD 1,621,000 for the three months ended July 31, 2023, compared to a loss of HKD 3,487,000 in the same period last year, representing a 53.5% improvement[37] - Basic and diluted loss per share for the period was HKD 0.66, an improvement from HKD 1.48 in the previous year[37] - Other income and losses for the same period resulted in a loss of approximately HKD 1.0 million, compared to income of approximately HKD 1.0 million in 2022, mainly due to fair value losses on financial assets of approximately HKD 0.6 million and impairment losses of approximately HKD 0.4 million[18] Administrative Expenses - Administrative expenses for the three months ended July 31, 2023, were approximately HKD 0.8 million, a significant decrease of about 83.9% from HKD 5.0 million in the same period last year[17] - Total administrative expenses decreased to HKD 798,000 from HKD 4,971,000, a reduction of 83.9%[37] Business Strategy and Market Expansion - The company plans to expand its business into other markets in the Asia-Pacific region, including Japan, Thailand, and Singapore[12] - The company will continue to focus on site formation and renovation works in Hong Kong while enhancing its competitive advantages in the construction industry[12] - The company operates primarily in Hong Kong, focusing on site formation and renovation works[42] Corporate Governance - The board believes that the company has complied with the corporate governance code during the three months ended July 31, 2023[28] - The company aims to maintain high standards of corporate governance to build trust with shareholders and stakeholders[26] - The company has adopted a share option scheme in September 2016, in compliance with GEM Listing Rules[31] - The company’s directors and their close associates confirmed no interests in any competing businesses that may directly or indirectly compete with the company[24] Shareholder Information - The company did not recommend the payment of an interim dividend for the three months ended July 31, 2023, consistent with the previous year[30] - No major shareholders reported any interests or short positions in the company's shares as of July 31, 2023[22] - As of July 31, 2023, the company had a total of 47,040,000 unexercised share options, with the exercise price ranging from HKD 0.12 to HKD 0.7[33] Financial Position - The company’s total equity attributable to equity holders as of July 31, 2023, was HKD 74,575,000, down from HKD 97,646,000 as of July 31, 2022[39] - There were no interest expenses from other borrowings for the three months ended July 31, 2023, compared to HKD 66,000 in the same period of 2022, indicating a reduction in financial costs[57] - The company has not adopted any new or revised Hong Kong Financial Reporting Standards that would have a significant impact on its financial performance or position[45] Customer Contributions - Major customer A contributed HKD 5,812,000 to revenue, down 69.3% from HKD 18,944,000 in the previous year, while major customer B contributed HKD 6,334,000, up 10.8% from HKD 5,718,000[52]

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的內容概不負責， 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 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 TAI KAM HOLDINGS LIMITED 泰錦控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8321） 二零二三年第一季度業績公告 泰錦控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其 附屬公司截至二零二三年七月三十一日止三個月的未經審核綜合業績。本公告列 載本公司二零二三年第一季度報告的全文，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相關資料要求。 承董事會命 泰錦控股有限公司 主席兼執行董事 郎俊豪 香港，二零二三年九月十四日 於本公告日期，執行董事為劉潭影女士及郎俊豪先生；獨立非執行董事為劉宏立 先生、羅智勇先生及李懿軒女士。 本公告之資料乃遵照香港聯合交易所有限公司（「聯交所」）GEM證券上市規則而 刊載，旨在提供有關本公司之資料；各董事願就本公告之資料共同及個別地承擔 全部責任。各董事在作出 ...

Financial Performance - The group's revenue increased by approximately HKD 39.0 million, or about 66.9%, from approximately HKD 58.3 million for the year ended April 30, 2022, to approximately HKD 97.3 million for the reporting period[8]. - The net loss for the reporting period was approximately HKD 31.7 million, compared to a net loss of approximately HKD 18.8 million for the year ended April 30, 2022[9]. - The increase in net loss was primarily attributed to a decrease in other income and other gains or losses, as well as a decline in gross profit during the reporting period[10]. - The increase in revenue was mainly due to an increase in site formation and renovation works during the reporting period[17]. - The group's gross profit decreased from approximately HKD 2.1 million to about HKD 2.0 million, a reduction of approximately 4.8%[20]. - The gross profit margin fell from approximately 3.5% to about 2.1%, primarily due to an increase in lower-margin contract revenue[20]. - Direct costs increased by approximately 69.5%, from about HKD 56.3 million to approximately HKD 95.4 million, mainly due to higher subcontracting and labor costs[20]. - Administrative expenses surged by approximately 164.0%, from about HKD 7.5 million to approximately HKD 19.8 million, driven by increased legal and professional fees, employee costs, and share option expenses[21]. - Other income decreased from HKD 1.1 million to approximately HKD 0.2 million, primarily due to a reduction in scrap sales and supplier refunds[22]. - The net loss increased to approximately HKD 31.7 million from HKD 18.8 million, attributed to decreased other income and increased administrative expenses[23]. - Total revenue for the year ended April 30, 2023, was HKD 97,332,000, representing an increase of 66.8% compared to HKD 58,344,000 in the previous year[176]. - The gross profit for the same period was HKD 1,962,000, a decrease of 4.5% from HKD 2,054,000 in 2022[176]. - Operating loss increased to HKD 31,489,000, compared to a loss of HKD 18,574,000 in the prior year, reflecting a deterioration of 69.3%[176]. - The net loss attributable to owners for the year was HKD 31,749,000, compared to HKD 18,778,000 in the previous year, indicating a 69.0% increase in losses[176]. - Basic and diluted loss per share for the year was HKD 13.03, compared to HKD 8.14 in 2022, representing a 60.0% increase in loss per share[176]. - Total assets decreased to HKD 87,205,000 from HKD 133,225,000, a decline of 34.5% year-over-year[178]. - Current liabilities decreased to HKD 17,794,000 from HKD 32,123,000, a reduction of 44.7%[178]. - The company's equity attributable to owners decreased to HKD 76,196,000 from HKD 101,133,000, a decline of 24.7%[178]. - The company issued new shares, increasing share capital from HKD 11,840,000 to HKD 12,320,000, an increase of 4.0%[180]. - The company recognized impairment losses of HKD 4,121,000 under the expected credit loss model, a significant improvement from HKD 15,634,000 in the previous year[176]. - For the year ended April 30, 2023, the company reported a pre-tax loss of HKD 31,749,000, compared to a loss of HKD 18,834,000 in the previous year, indicating a deterioration in performance[182]. - The net cash used in operating activities was HKD 3,762,000, an improvement from HKD 8,748,000 in the previous year, reflecting better cash flow management[182]. - Cash and cash equivalents decreased by HKD 8,399,000, ending the period at HKD 1,546,000, down from HKD 9,945,000 at the beginning of the period[182]. - The company incurred a loss of HKD 10,240,000 from fair value changes in financial assets, a significant improvement from a loss of HKD 500,000 in the previous year[182]. - The financing activities generated a net cash inflow of HKD 1,737,000, consistent with the previous year's inflow of HKD 1,757,000, indicating stable financing operations[182]. Corporate Governance - The board consists of five directors, including two executive directors and three independent non-executive directors, ensuring a strong independent element for sound judgment[52]. - The company has adopted a board diversity policy, with two out of five directors being female, promoting a balanced representation of skills and experiences[54]. - The board held a total of seven meetings during the reporting period, with one additional meeting held from May 1, 2023, to the report date[58]. - The company has confirmed compliance with the GEM Listing Rules regarding the independence of all three independent non-executive directors[52]. - The company emphasizes the importance of good corporate governance to achieve business growth and maintain a healthy corporate culture[48]. - The board is responsible for setting the overall strategy, approving development plans, and monitoring financial and operational performance[50]. - The company has a strong commitment to transparency and accountability, which is crucial for maintaining stakeholder trust[49]. - The company has implemented a code of conduct for securities trading, ensuring all directors adhered to the established guidelines during the reporting period[57]. - The company has a dedicated nomination committee that reviews the composition of the board from a diversity perspective and monitors the implementation of the diversity policy annually[55]. - The company aims to maintain high levels of corporate governance to create long-term value for shareholders[49]. - The board of directors attended meetings with attendance records showing 100% participation from independent non-executive directors[59]. - The audit committee held four meetings during the reporting period, with all members attending 100% of the meetings[66]. - The remuneration committee reviewed the overall remuneration policy and structure for all directors and senior management, ensuring alignment with the group's performance[70]. - The company plans to reappoint the external auditor, pending shareholder approval at the annual general meeting[69]. - The remuneration committee held one meeting during the reporting period, with all members present[71]. - The company emphasizes continuous professional development for directors to ensure compliance and enhance governance knowledge[62]. - The audit committee reviewed the effectiveness of the company's risk management and internal control systems[69]. - The company has established three functional committees to assist the board in fulfilling its responsibilities[63]. - The remuneration policy is based on experience, level of responsibility, and overall market conditions[76]. - The company has committed to providing sufficient resources and support to all committees to fulfill their duties[63]. - The company has adopted a policy for the disclosure of inside information to ensure compliance with confidentiality obligations[89]. - The nomination committee held two meetings during the reporting period to review the board's structure and diversity policy[80]. - The company has not established an internal audit department but conducts an annual review to assess the need for one, given its relatively simple corporate structure[86]. - The board is responsible for overseeing the effectiveness of the group's risk management and internal control systems[86]. - The company has implemented measures to improve its risk management and internal control systems based on recommendations from external consultants[87]. - The company has arranged for directors and senior management liability insurance to cover legal costs arising from corporate activities[149]. - The company confirmed no interests in competing businesses that would require disclosure under GEM listing rules[146]. - The company has a transparent communication strategy with investors through various channels, including financial reports and announcements[103]. - The company's governance report outlines procedures for shareholders to raise inquiries and propose resolutions[100][98]. Market and Operational Strategy - The government has committed to developing the construction industry in Hong Kong, with annual basic engineering expenditures exceeding HKD 100 billion and overall construction volume expected to surge to approximately HKD 300 billion per year[11]. - The company plans to expand its business into other markets in the Asia-Pacific region, including but not limited to Japan, Thailand, and Singapore[11]. - The company aims to enhance its competitive advantages in the construction industry and increase shareholder returns by focusing on site formation works and renovation projects in Hong Kong[16]. - The company maintains long-term relationships with major clients, with most relationships lasting between one to six years[113]. - There were no significant difficulties encountered in procuring materials or appointing subcontractors during the reporting period[115]. - The company has established a list of approved subcontractors to ensure quality and efficiency in project execution[115]. - The company operates as a single operating segment as a general contractor for construction projects in Hong Kong, with no geographical segment reporting due to the concentration of revenue and non-current assets[119]. - The company emphasizes employee training and development as a key competitive factor, providing competitive compensation to attract and retain talent[116]. Shareholder and Financial Policies - The group had no significant capital commitments or contingent liabilities as of April 30, 2023[35][36]. - The group did not propose a final dividend for the reporting period, consistent with the previous year[25]. - The company has adopted a dividend policy to allow shareholders to share in profits while retaining liquidity for future development[106]. - The board will consider actual and expected financial performance, retained earnings, capital requirements, and overall economic conditions when deciding on dividend distribution[107][109]. - The board will review the dividend policy periodically and does not guarantee specific dividend amounts in any given period[108]. - The company reported no interim or final dividends declared or paid during the reporting period, consistent with 2022[122]. - The company’s distributable reserves as of April 30, 2023, were approximately HKD 47.5 million, up from HKD 6.7 million in 2022[131]. - The largest and top five customers accounted for approximately 83.7% and 100.0% of total revenue during the reporting period, compared to 40.9% and 100.0% in 2022[117]. - The group’s procurement from the largest and top five suppliers represented about 28.1% and 72.6% of total procurement, compared to 22.4% and 70.3% in 2022[117]. - As of April 30, 2023, the total issued share capital of the company was 246,400,000 shares at HKD 0.01 per share[126]. - The company has confirmed the independence of all independent non-executive directors in accordance with GEM listing rules[133]. - No significant transactions or arrangements involving the company or its subsidiaries were reported during the fiscal year[140]. - The company did not enter into any management contracts involving a substantial part of its business during the reporting period[141]. - There were no related party transactions that required disclosure under GEM listing rules during the reporting period[145]. - The company has adopted a share option scheme, with a total of 35,200,000 options granted as of April 30, 2023[152]. - As of April 30, 2023, there were 47,040,000 unexercised share options remaining[152]. - The company maintains sufficient public float as required by GEM listing rules as of the report date[159]. - The consolidated financial statements for the reporting period were audited by Kwan Wong Tan & Fong CPA Limited[160]. - There were no significant events to report after the reporting period[157]. - The company has not early adopted any new or revised Hong Kong Financial Reporting Standards that could significantly impact future financial statements[190]. - The company continues to apply the revised Hong Kong Financial Reporting Standards without significant impact on its financial performance and disclosures for the current and prior years[186]. - The fair value measurement is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date[196]. - The financial statements include the financial results of the company and its controlled entities, with control assessed based on specific criteria[197]. - The group recognizes the acquisition of subsidiaries in the consolidated accounts from the date control is obtained until control is lost, with income and expenses accounted for during this period[198]. - Adjustments are made to the financial statements of subsidiaries to ensure consistency with the group's accounting policies[199]. - When control over a subsidiary is lost, the assets and liabilities of that subsidiary are derecognized, and the gain or loss is calculated based on the fair value of consideration received versus the carrying amount of the subsidiary's net assets[200].

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的內容概不負責， 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 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 TAI KAM HOLDINGS LIMITED 泰錦控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8321） 截至二零二三年四月三十日止年度年度業績公告 泰錦控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其 附屬公司截至二零二三年四月三十日止年度的年度業績。本公告列載本公司二零 二三年年報的全文，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」）中有關年度業績初步公告附載的相關資料要求。 承董事會命 泰錦控股有限公司 主席兼執行董事 郎俊豪 香港，二零二三年七月三十一日 於本公告日期，執行董事為劉潭影女士及郎俊豪先生；獨立非執行董事為劉宏立 先生、羅智勇先生及李懿軒女士。 本公告之資料乃遵照香港聯合交易所有限公司（「聯交所」）GEM證券上市規則而 刊載，旨在提供有關本公司之資料；各董事願就本公告之資料共同及個別地承擔 全部責任。各董事在作出 ...

Financial Performance - For the nine months ended January 31, 2023, revenue was approximately HKD 83.1 million, an increase of about 61.7% compared to HKD 51.4 million for the same period in 2022[8] - The loss attributable to equity holders for the nine months ended January 31, 2023, was approximately HKD 25.2 million, compared to a loss of HKD 1.9 million for the same period in 2022[8] - Basic and diluted loss per share for the nine months ended January 31, 2023, was approximately HKD 0.1041, compared to HKD 0.0083 for the same period in 2022[8] - The company recorded a net loss of approximately HKD 25.2 million for the nine months ended January 31, 2023, compared to a net loss of approximately HKD 1.9 million for the same period in 2022, indicating a significant increase in losses[20] - Loss before tax for the three months ended January 31, 2023, was HKD 15,018,000 compared to a profit of HKD 2,660,000 in the same period of 2022[37] - The company reported a loss attributable to equity holders of HKD 15,018,000 for Q3 2023, compared to a profit of HKD 2,660,000 in Q3 2022, indicating a substantial decline[59] - The company reported a loss of HKD 25,238,000 for the nine months ended January 31, 2023, compared to a loss of HKD 1,922,000 in the same period of 2022, indicating a worsening financial position[59] Revenue and Profitability - Revenue for the three months ended January 31, 2023, was HKD 28,604,000, representing a 45.5% increase from HKD 19,676,000 in the same period of 2022[37] - Revenue for the nine months ended January 31, 2023, reached HKD 83,131,000, up 62.0% from HKD 51,356,000 year-on-year[37] - Gross profit for the nine months ended January 31, 2023, was approximately HKD 1.7 million, with a gross margin of about 2%, down from approximately 3.4% in the same period in 2022[15] - Gross profit for the three months ended January 31, 2023, was HKD 272,000, down 56.4% from HKD 623,000 in the same period of 2022[37] Costs and Expenses - Direct costs increased by approximately 64.1% to HKD 81.4 million for the nine months ended January 31, 2023, compared to HKD 49.6 million for the same period in 2022[15] - Administrative expenses rose by approximately 143.6% to HKD 13.1 million for the nine months ended January 31, 2023, compared to HKD 5.4 million for the same period in 2022[17] - The increase in net loss was primarily due to a decrease in other income and other gains, along with an increase in administrative expenses[20] - Employee costs, including director remuneration, increased from HKD 1,367,000 in the first nine months of 2022 to HKD 3,935,000 in 2023, reflecting a significant rise of approximately 187%[54] - The company experienced a significant increase in subcontracting costs, rising from HKD 49,613,000 in the first nine months of 2022 to HKD 81,433,000 in 2023, representing a growth of approximately 64%[54] Other Income and Losses - Other income and losses decreased by approximately HKD 15.5 million, primarily due to an increase in expected credit loss impairment of about HKD 2.0 million[16] - Other income for the nine months ended January 31, 2023, was HKD 48,000, compared to no other income in the same period of 2022[51] Dividends and Share Options - The company does not recommend the payment of an interim dividend for the nine months ended January 31, 2023[9] - The board of directors did not recommend the payment of an interim dividend for the nine months ended January 31, 2023, consistent with the previous year[27] - The company has a total of 25.6 million unexercised share options as of January 31, 2023, with a weighted average exercise price of HKD 0.12 and HKD 0.7[32] - The company has adopted a share option scheme in compliance with GEM Listing Rules since September 26, 2016[31] - There were no other share options granted, exercised, cancelled, or lapsed during the nine months ended January 31, 2023, apart from those disclosed[34] Market Expansion and Strategy - The company plans to expand its business into other markets in the Asia-Pacific region, including Japan, Thailand, and Singapore, while continuing to focus on its core construction business in Hong Kong[11] - The company has not reported any significant new product developments or market expansions during the reporting period[46] Financial Position - The company’s total equity as of January 31, 2023, was HKD 77,047,000, down from HKD 115,647,000 as of January 31, 2022[39] - As of January 31, 2023, the company did not hold any significant investments exceeding 5% of total assets[28] - The company has not purchased, sold, or redeemed any of its listed securities during the nine months ended January 31, 2023[25] Compliance and Audit - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited financial statements for the nine months ended January 31, 2023, and found them compliant with applicable accounting standards and regulations[36] - No major post-reporting date events have been disclosed as of the report date[30] - There were no significant temporary differences during the reporting period, resulting in no deferred tax provisions being recognized[57] Financing Costs - Financing costs for the nine months ended January 31, 2023, were approximately HKD 196,000, compared to HKD 197,000 for the same period in 2022[19] - Interest expenses for other borrowings decreased slightly from HKD 66,000 in Q3 2022 to HKD 65,000 in Q3 2023, and for the nine months, it decreased from HKD 197,000 to HKD 196,000[52] Depreciation and Fair Value Changes - The depreciation of property, plant, and equipment was recorded at HKD 16,000 for the nine months ended January 31, 2023, down from HKD 68,000 in the same period of 2022[54] - The fair value changes of financial assets recorded a gain of HKD 7,716,000 in Q3 2023, compared to a loss of HKD 5,873,000 in Q3 2022, marking a significant turnaround[54]

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的內容概不負責， 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 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 TAI KAM HOLDINGS LIMITED 泰錦控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8321） 二零二二年第三季度業績公告 泰錦控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其 附屬公司截至二零二三年一月三十一日止九個月的未經審核綜合業績。本公告列 載本公司二零二二年第三季度報告的全文，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相關資料要求。 承董事會命 泰錦控股有限公司 主席兼執行董事 徐子花 香港，二零二三年三月十六日 於本公告日期，執行董事為徐子花女士（主席）及劉潭影女士；獨立非執行董事為 劉宏立先生、羅智勇先生及李懿軒女士。 本公告之資料乃遵照香港聯合交易所有限公司（「聯交所」）GEM證券上市規則而 刊載，旨在提供有關本公司之資料；各董事願就本公告之資料共同及個別地承擔 全部責任。各董 ...

Financial Performance - Revenue for the six months ended October 31, 2022, was approximately HK$54.5 million, an increase of about 71.9% compared to HK$31.7 million for the same period in 2021[9]. - Loss attributable to equity holders for the six months ended October 31, 2022, was approximately HK$10.2 million, compared to a loss of HK$4.6 million for the same period in 2021[10]. - Basic and diluted loss per share for the six months ended October 31, 2022, was approximately HK$0.0424, compared to earnings of HK$0.0199 per share for the same period in 2021[10]. - The company recorded a net loss of approximately HKD 10.2 million for the six months ended October 31, 2022, compared to a net loss of approximately HKD 4.6 million for the same period in 2021, primarily due to increased administrative expenses[22]. - The company reported a loss before tax of HKD 10,220,000 for the six months ended October 31, 2022, compared to a loss of HKD 4,582,000 in the prior year, reflecting a deterioration in performance[63]. - The basic and diluted loss per share for the six months was HKD 4.24, compared to HKD 1.99 in the previous year, indicating a worsening of the loss per share by approximately 113%[63]. Revenue and Profitability - Total contract revenue for the six months ended October 31, 2022, was HKD 54,527,000, representing a 72.2% increase compared to HKD 31,680,000 for the same period in 2021[84]. - The gross profit for the same period was HKD 1,426,000, compared to HKD 1,120,000 in the previous year, indicating an increase of about 27%[63]. - Gross profit increased from approximately HK$1.1 million to HK$1.4 million, a rise of about 27.3%, while gross margin decreased from approximately 3.5% to 2.6%[18]. Expenses - Direct costs rose from approximately HK$30.6 million to HK$53.1 million, an increase of about 73.5% due to higher subcontractor and labor costs[18]. - Administrative expenses increased from approximately HK$4.1 million to HK$11.1 million, a rise of about 166.7%, primarily due to higher personnel costs and professional fees[20]. - The company’s administrative expenses for the six months were HKD 11,059,000, up from HKD 4,146,000 in the previous year, representing an increase of approximately 167%[63]. Cash Flow and Liquidity - As of October 31, 2022, the company's cash and bank balances were approximately HKD 5.7 million, a decrease of about HKD 4.2 million from HKD 9.9 million as of April 30, 2022[23]. - Cash and cash equivalents decreased to HKD 5,726,000 as of October 31, 2022, down from HKD 9,945,000 at the end of April 2022, reflecting a net decrease of HKD 4,219,000[73]. - The net cash used in operating activities for the six months ended October 31, 2022, was HKD (5,371,000), compared to HKD (9,068,000) for the same period in 2021[73]. Shareholder Information - The board does not recommend the payment of an interim dividend for the six months ended October 31, 2022[11]. - The board of directors did not recommend the payment of an interim dividend for the six months ended October 31, 2022, consistent with the previous year[50]. - The company’s total issued share capital was HKD 12,320,000 with 246,400,000 ordinary shares as of October 31, 2022[32]. - The company issued 9,600,000 share options, increasing the total issued and paid-up shares to 246,400,000 as of October 31, 2022[122]. Assets and Liabilities - The company's equity attributable to owners was HKD 92,065,000 as of October 31, 2022, down from HKD 101,133,000 as of April 30, 2022[67]. - Current assets decreased to HKD 126,147,000 as of October 31, 2022, from HKD 133,225,000 as of April 30, 2022[67]. - Current liabilities increased to HKD 34,082,000 as of October 31, 2022, compared to HKD 32,123,000 as of April 30, 2022[67]. - Total liabilities, including trade and other payables, amounted to HKD 33,310,000 as of October 31, 2022, up from HKD 29,010,000 as of April 30, 2022[116]. Market Expansion and Strategy - The company is actively seeking to expand its business into other markets in the Asia-Pacific region, including Japan, Thailand, and Singapore[14]. - The company plans to enhance its competitive advantages in the construction industry in Hong Kong while focusing on site formation and renovation projects[14]. Employee Information - The company had 24 employees as of October 31, 2022, down from 27 employees as of April 30, 2022[33]. - The total remuneration for key management personnel remained stable at HKD 383,000 for the six months ended October 31, 2022, consistent with the previous year[123]. Risk Management - The company maintained a prudent treasury policy, ensuring a stable liquidity position throughout the reporting period[28]. - The company had no foreign exchange risk exposure as its transactions and monetary assets and liabilities were primarily denominated in HKD[29]. - The company had no significant contingent liabilities as of October 31, 2022, similar to the status as of April 30, 2022[31]. Other Information - The company has established an audit committee, which consists of three independent non-executive directors, ensuring compliance with GEM listing rules[61]. - There were no significant post-reporting period events disclosed as of the report date[52]. - The company has not recognized any deferred tax liabilities due to no significant temporary differences during the reporting period[95].

Financial Performance - Revenue for the three months ended July 31, 2022, was approximately HKD 24.7 million, an increase of about 59.4% compared to HKD 15.5 million for the same period last year[6] - Loss attributable to equity holders for the same period was approximately HKD 3.5 million, representing an increase of about 250.0% from a loss of HKD 1.0 million in the previous year[6] - Basic and diluted loss per share for the three months ended July 31, 2022, was approximately HKD 1.48 cents, compared to HKD 0.44 cents for the same period last year[6] - For the three months ended July 31, 2022, the net loss was approximately HKD 3.5 million, compared to a net loss of approximately HKD 1.0 million for the same period in 2021, indicating an increase in net loss due to higher employee costs[16] - The company incurred a loss before tax of HKD 3,487,000, compared to a loss of HKD 1,004,000 in the previous year, indicating a significant increase in losses[34] - Total comprehensive loss attributable to equity holders for the period was HKD 3,487,000, compared to HKD 1,004,000 in the prior year[34] Costs and Expenses - Direct costs increased by approximately 61.6% to HKD 24.1 million for the three months ended July 31, 2022, from HKD 14.9 million in the previous year[13] - Administrative expenses rose by approximately 284.6% to HKD 5.0 million for the three months ended July 31, 2022, compared to HKD 1.3 million for the same period last year[14] - Employee costs, including directors' remuneration, amounted to HKD 2,778,000 for the three months ended July 31, 2022, up from HKD 548,000 in the previous year, reflecting a substantial increase in personnel expenses[49] - Subcontracting expenses included in direct costs rose to HKD 24,085,000 for the three months ended July 31, 2022, compared to HKD 14,908,000 in the same period of 2021, showing a significant increase in operational costs[49] Profitability - Gross profit for the three months ended July 31, 2022, was approximately HKD 0.6 million, a decrease of about 5.4% from the previous year[13] - The gross profit margin decreased from approximately 3.9% to about 2.4% for the same period, primarily due to lower profit margins on contract revenues[13] - Direct costs for the same period were HKD 24,085,000, leading to a gross profit of HKD 577,000, a decrease of 5.4% from HKD 610,000 year-on-year[34] Other Income and Losses - Other income and losses for the three months ended July 31, 2022, amounted to approximately HKD 1.0 million, compared to a loss of HKD 0.3 million in the previous year[15] - The company recognized other income of HKD 973,000, a substantial increase from a loss of HKD 269,000 in the same period last year[34] Market and Business Strategy - The company is actively seeking to expand its business into other markets in the Asia-Pacific region, including Japan, Thailand, and Singapore[9] - The company plans to continue focusing on site formation and renovation works in Hong Kong while enhancing its competitive advantages in the construction industry[9] - The company continues to operate primarily in the Hong Kong market, focusing on site formation and renovation projects[39] Corporate Governance - The company confirmed compliance with the corporate governance code as per GEM Listing Rules, with no deviation except for the roles of Chairman and CEO being held by the same individual[23] - The board believes that having the same person serve as both Chairman and CEO provides strong and consistent leadership for the company's operations[23] - The company’s directors confirmed no interests in any competing businesses that could directly or indirectly compete with the company[21] Shareholder Information - The company did not recommend the payment of an interim dividend for the three months ended July 31, 2022, consistent with no dividend in the same period of 2021[25] - As of July 31, 2022, the total number of unexercised share options was 35.2 million, with exercise prices of HKD 0.12 and HKD 0.7, granted on September 30, 2020, and April 8, 2021, respectively[30] - There were no purchases, sales, or redemptions of the company's listed securities during the reporting period[22] - No major shareholders reported any interests in the company's shares or related securities as of July 31, 2022[19] - The company has adopted a share option scheme in compliance with GEM Listing Rules since September 26, 2016[26] Audit and Compliance - The audit committee reviewed the financial statements and confirmed compliance with applicable accounting standards and GEM listing rules[32] - The company did not report any significant new strategies or product developments during the quarter[39] - The weighted average number of ordinary shares for the three months ended July 31, 2022, was 236,800,000 shares, compared to 230,400,000 shares in the previous year, indicating a slight increase in share count[56]

Financial Performance - The group's revenue decreased from approximately HKD 137.8 million in the previous year to about HKD 58.3 million, a decline of approximately 57.7%[9]. - The net loss for the reporting period was approximately HKD 18.8 million, compared to a net loss of about HKD 11.6 million in the previous year[10]. - The decrease in revenue was primarily due to a reduction in site formation and renovation works during the reporting period[20]. - The group's gross profit decreased by approximately HKD 2.0 million, or about 48.8%, to approximately HKD 2.1 million for the reporting period[22]. - Total revenue for the year ended April 30, 2022, was HKD 58,344,000, a decrease of 57.6% from HKD 137,781,000 in the previous year[195]. - Gross profit for the same period was HKD 2,054,000, down 50% from HKD 4,116,000 year-over-year[195]. - Operating loss increased to HKD 18,574,000 compared to HKD 11,556,000 in the prior year, reflecting a significant decline in profitability[195]. - The company reported a loss attributable to owners of HKD 18,778,000, which is a 62.3% increase from HKD 11,566,000 in the previous year[195]. - Basic and diluted loss per share was HKD 8.14, compared to HKD 6.23 in the previous year, indicating a worsening financial position[195]. - Total assets decreased to HKD 133,225,000 from HKD 155,998,000, representing a decline of 14.7%[200]. - Current liabilities decreased to HKD 32,123,000 from HKD 38,497,000, a reduction of 16.6%[200]. - The company's equity decreased to HKD 101,133,000 from HKD 117,569,000, reflecting a decline of 13.9%[200]. - Non-current assets, specifically property and equipment, dropped significantly from HKD 130,000 to HKD 37,000[200]. - Cash and bank balances decreased to HKD 9,945,000 from HKD 16,556,000, a decline of 40.3%[200]. Operational Challenges - The company anticipates continued challenges in its Hong Kong operations due to rising operational costs and intense market competition[13]. - The operational pressures include rising direct labor costs and subcontracting expenses[19]. - The impact of the COVID-19 pandemic on ongoing construction projects may affect profitability in the coming years[13]. Business Strategy and Expansion - The board is actively pursuing business expansion in other Asia-Pacific markets, including Japan, Thailand, and Singapore[13]. - The company aims to diversify its business scope by investing in potential properties for capital appreciation and generating stable rental income[13]. - The focus will remain on site formation and renovation works in Hong Kong while enhancing competitive advantages[19]. - The company is committed to increasing shareholder returns through business expansion and strategic investments[13]. Corporate Governance - The company is committed to maintaining good corporate governance practices, which are essential for effective management and business growth[52]. - The board consists of five directors, including two executive directors and three independent non-executive directors, ensuring a strong independent element for independent judgment[58]. - The roles of the chairman and CEO are held by the same individual, which the board believes benefits the group's operations and management[53]. - The independent non-executive directors have confirmed their independence according to GEM listing rules, ensuring compliance and governance standards[58]. - The board regularly reviews its functions to ensure alignment with the group's needs and compliance with regulatory requirements[55]. - The company emphasizes transparency and accountability as critical components of its corporate governance framework[52]. - The board is responsible for guiding and supervising the group's affairs to promote successful development and growth[55]. - The board consists of five members, with three being female, promoting diversity in gender and professional background[60]. - The board diversity policy has been implemented and monitored annually by the nomination committee, achieving its objectives during the reporting period[61]. - A total of 12 board meetings were held during the reporting period, with significant decisions made only after thorough discussions[64]. - All directors confirmed compliance with the code of conduct regarding securities trading during the reporting period[63]. - The audit committee held six meetings during the reporting period, ensuring the effectiveness of internal controls and risk management systems[72]. - The audit committee reviewed the financial performance for the first quarter, interim results, and annual results up to April 30, 2022[72]. - The company has established three functional committees to assist the board in fulfilling its responsibilities, ensuring compliance with governance standards[69]. - All directors are encouraged to participate in continuous professional development to enhance their knowledge and skills[68]. - The independent non-executive directors have a term of three years, with provisions for termination and re-election[66]. - The remuneration committee held three meetings during the reporting period[77]. - The remuneration committee recommended compensation policies based on the group's performance and individual directors' contributions[81]. - The nomination committee conducted two meetings and reviewed the board's structure and diversity[85]. - The board confirmed that the internal control and risk management systems were effective and had been reviewed during the reporting period[92]. - The external auditor provided an independent opinion on the financial statements, confirming compliance with relevant accounting standards[90]. - The board's diversity policy was adopted and monitored regularly by the nomination committee[84]. - The board evaluated the performance of executive directors and recommended compensation adjustments accordingly[78]. - The company has no internal audit department but conducts annual reviews to assess the need for one[91]. - The board is responsible for overseeing the risk management and internal control systems[91]. - The company has implemented measures to improve its internal control and risk management systems based on external consultant recommendations[92]. Shareholder Engagement - The company has adopted a dividend policy aimed at allowing shareholders to share in profits while retaining sufficient liquidity for future development[111]. - The board will consider actual and expected financial performance, retained earnings, and capital requirements when deciding on dividend distribution[112]. - The annual general meeting is scheduled for October 28, 2022, providing a platform for direct communication between the board and shareholders[99]. - The company encourages shareholders to attend annual general meetings to foster effective communication[109]. - The company has a structured process for shareholders to propose inquiries and suggestions to the board[105]. Customer and Supplier Relationships - The group's revenue from contracts awarded by the Civil Engineering and Development Department and the Lands Department accounted for approximately 64.8% of total revenue for the year ended April 30, 2022[120]. - The largest and five largest customers contributed approximately 40.9% and 100.0% of total revenue, respectively, for the reporting period[124]. - The group maintained business relationships with most major customers for between one to ten years, indicating a sustainable business model[120]. - The procurement from the largest and five largest suppliers accounted for approximately 22.4% and 70.3% of total procurement, respectively, for the reporting period[124]. - The company did not face any significant difficulties in procuring materials or appointing subcontractors during the reporting period[122]. - The group has established an internal list of approved subcontractors to ensure quality and cost-effectiveness in project execution[122]. Employee and Compensation - The total employee costs for the reporting period were approximately HKD 4.7 million, significantly lower than approximately HKD 22.0 million for the year ended April 30, 2021[41]. - The company has a competitive compensation package to attract and retain employees, emphasizing the importance of employee contributions[123]. - The share options granted to employees include 1,920,000 options granted to 10 employees on April 8, 2021[163]. - On May 12, 2022, the group granted 23,040,000 share options to employees at an exercise price of HKD 0.389 per share[167]. Financial Assets and Liabilities - Cash and bank balances decreased by approximately HKD 6.7 million to about HKD 9.9 million as of April 30, 2022, compared to HKD 16.6 million as of April 30, 2021[30]. - The group's equity attributable to owners amounted to approximately HKD 101.1 million as of April 30, 2022, down from approximately HKD 117.6 million as of April 30, 2021[28]. - The debt-to-equity ratio increased to 13.8% as of April 30, 2022, from 11.7% as of April 30, 2021[32]. - As of April 30, 2022, the company's distributable reserves were approximately HKD 6.7 million, a decrease from approximately HKD 27.3 million in the previous year[138]. - The fair value of financial assets measured at fair value through profit or loss was HKD 21.2 million as of April 30, 2022[43]. - The group had no significant capital commitments or contingent liabilities as of April 30, 2022[39]. - No acquisitions or disposals of subsidiaries or associates occurred during the reporting period, and there are no plans for significant investments or capital assets[44]. Environmental and Social Responsibility - The company is committed to monitoring and minimizing its environmental impact, with an ESG report to be published within three months of the annual report[168].

==K Tai Kam Holdings Limited 泰 錦 控 股 有 限 公 司 ( 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) 股份代號：8321 2021 第三季度業績報告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司帶有較高投資風險。 有意投資者應了解投資該等公司的潛在風險，並應經過審慎周詳考慮後方可作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣的證券可能會較於聯交所主板買賣之證券承受較大的市場 波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明 確表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本報告載有遵照GEM證券上市規則（「GEM上市規則」）而提供的詳情，以提供有關泰錦控股有限公司（「本公司」） 的資料，本公司董事（「董事」）願共同及個別就此承擔全部責任。董事在作出一切合理查詢後確認，就彼等所深 知及確信，本報告所 ...