Financial Performance - The Group recorded a revenue of approximately HK$65.1 million for the three months ended 30 June 2023, representing a decrease of approximately HK$57.5 million or 46.9% compared to the same period in 2022[7]. - The Group reported a net loss of approximately HK$0.6 million for the three months ended 30 June 2023, a decline from a net profit of approximately HK$3.7 million for the same period in 2022[8]. - The decrease in revenue was primarily due to a reduction in sales of marine diesel oil[8]. - Gross profit for the three months ended 30 June 2023 was approximately HK$3.7 million, down from HK$5.2 million in the same period of 2022[12]. - The loss before taxation for the period was approximately HK$0.6 million, compared to a profit before taxation of approximately HK$3.7 million in the same period of 2022[12]. - Basic and diluted loss per share attributable to owners of the Company was HK$0.45, compared to earnings of HK$3.67 per share in the previous year[14]. - The Group's total comprehensive loss for the period was approximately HK$0.6 million, compared to a total comprehensive profit of approximately HK$3.7 million in the same period of 2022[14]. - The company reported a loss of HK$621,000 for the three months ended June 30, 2023, compared to a profit of HK$3,703,000 for the same period in 2022[16]. - The cost of sales for the Group was approximately HK$61.4 million, representing a decrease of approximately 47.7% from approximately HK$117.4 million for the three months ended 30 June 2022[72]. - The Group recorded a loss of approximately HK$0.6 million for the three months ended 30 June 2023, compared to a profit for the same period in 2022, resulting in a negative net profit margin of approximately 1.0%[75]. Dividends and Share Capital - The Board does not recommend the payment of any dividend for the three months period ended 30 June 2023[8]. - The company did not recommend any dividend for the three months ended June 30, 2023, consistent with the previous year[51]. - The share capital increased from HK$10,080,000 on April 1, 2022, to HK$13,752,000 on April 1, 2023, representing a growth of approximately 36.5%[16]. - The share premium rose from HK$74,701,000 on April 1, 2022, to HK$83,070,000 on April 1, 2023, indicating an increase of about 11.5%[16]. Expenses and Costs - Administrative expenses for the period were approximately HK$3.4 million, compared to HK$3.9 million in the previous year[12]. - Other gains and losses for the period amounted to approximately HK$1.5 million, down from HK$5.9 million in the same period of 2022[12]. - Interest expenses on bank borrowings increased to HK$273,000 from HK$33,000, indicating a significant rise in financing costs[45]. - Total staff costs for the three months ended June 30, 2023, were approximately HK$2.5 million, compared to approximately HK$2.3 million for the same period in 2022, reflecting an increase of about 8.7%[117]. - The Group reported a total of HK$1,707,000 in other staff costs, an increase from HK$1,567,000 in the previous year, reflecting a rise of 8.9%[42]. Business Operations - The company is primarily engaged in the sale and transportation of diesel oil and related products in Hong Kong[21]. - The Group operates solely in Hong Kong, with all revenue derived from external customers located in the same region[34]. - The Group plans to deploy more resources on talent recruitment and strengthen its business development and marketing strategy in the diesel oil market[66]. - The business environment for diesel oil and marine diesel oil is expected to improve due to stable investment in public infrastructure and the recovery of the logistics industry in Hong Kong[61]. - The decrease in revenue was mainly attributed to fluctuations in international oil prices and fierce price competition in the industry[68]. Financial Position - As of June 30, 2023, the total equity of the company was HK$100,633,000, a decrease from HK$101,254,000 as of April 1, 2023, reflecting a decline of approximately 0.62%[16]. - The Group's current assets amounted to approximately HK$115.9 million as at 30 June 2023, down from approximately HK$153.3 million as at 30 June 2022, while current liabilities decreased to approximately HK$70.6 million from approximately HK$113.4 million[81]. - The current ratio improved to approximately 1.6 as at 30 June 2023, compared to approximately 1.4 as at 30 June 2022[81]. - The Group's gearing ratio decreased significantly to approximately 26.1% as at 30 June 2023 from approximately 53.9% as at 30 June 2022[83]. - The maximum limit of borrowing facilities available to the Group increased to approximately HK$75.1 million as at 30 June 2023, compared to approximately HK$59.3 million as at 30 June 2022[82]. Corporate Governance - The Company has maintained high corporate governance standards and complied with the Corporate Governance Code during the three months ended June 30, 2023[174]. - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2023, confirming compliance with applicable accounting standards[155]. - The Company confirmed that all Directors complied with the required standard of dealings regarding securities transactions as of the report date[173]. - The Company is committed to continuously reviewing and improving corporate governance practices[178]. - The Company established a Remuneration Committee on March 23, 2017, comprising two independent non-executive Directors and one executive Director[165]. Environmental Compliance - The Group has implemented various environmental protection measures to minimize operational impact, complying with Hong Kong environmental laws[122]. - No prosecution, penalty, or punishment has been imposed on the Group for violations of environmental laws as of the report date[128]. - The Group continues to monitor business operations to ensure compliance with environmental protection measures[123]. Shareholding Structure - Mr. Fong Chun Man holds 75,686,400 shares, representing 55.04% of the total shareholding[136]. - Ms. Lo Pui Yee, as the spouse of Mr. Fong Chun Man, is also deemed to hold 75,686,400 shares, representing 55.04% of the total shareholding[136]. - As of June 30, 2023, Grand Tycoon Limited holds 75,686,400 shares, representing 55.04% of the total shareholding[141]. - The shares held by Grand Tycoon Limited are fully owned by Mr. Fong Chun Man, who is deemed to have an interest in all shares held[142]. Miscellaneous - The Group did not engage in any derivatives agreements or commit to any financial instruments to hedge its foreign exchange exposure during the three months ended 30 June 2023[96]. - There were no material acquisitions or disposals of subsidiaries, associates, or joint ventures during the three months ended June 30, 2023[98]. - No significant events requiring disclosure occurred from June 30, 2023, to the date of this report[124]. - The report will be available on the Stock Exchange website for at least 7 days from the posting date[176].

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佈的內容概不負 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佈全部或 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。 F8 ENTERPRISES (HOLDINGS) GROUP LIMITED F 8 企 業（ 控 股 ）集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8347） 截至二零二三年六月三十日止三個月 第一季度業績公佈 F8企業（控股）集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本 公司截至二零二三年六月三十日止三個月的未經審核業績。本公佈列載本公司 2023╱2024年第一季度報告全文，並遵守香港聯合交易所有限公司（「聯交所」） GEM證券上市規則（「GEM上市規則」）中有關第一季度業績初步公佈附載資料的 相關要求。本公司2023╱2024年第一季度報告的印刷版本將於適當時候寄發予本 公 司 股 東 ， 並 可 於 屆 時 在 聯 交 所 網 站 www.hkexnews.hk 及 本 公 司 的 網 站 www.f8.com.hk上閱覽。 承董事會命 F8企 ...

Financial Performance - The Group's revenue increased by approximately 20.3% from approximately HK$357.5 million for the year ended March 31, 2022, to approximately HK$429.9 million for the year ended March 31, 2023[15]. - The Group recorded a net loss of approximately HK$4.8 million for the year ended March 31, 2023, a decrease of approximately HK$27.1 million compared to a net loss of approximately HK$31.9 million for the year ended March 31, 2022[15]. - The decrease in net loss was mainly due to an increase in sales and transportation of diesel oil, a decrease in expected credit loss allowance by approximately HK$8.5 million, and the absence of a one-off loss of approximately HK$15.4 million incurred in the previous year[15]. - The increase in revenue was primarily due to increased demand from construction and logistics customers, as well as higher diesel oil prices during the year ended March 31, 2023[42]. - The Group's revenue from diesel oil, marine diesel oil, and lubricant oil accounted for approximately 98.2%, 1.1%, and 0.7% of total revenue for the year ended March 31, 2022, indicating a shift in revenue distribution[41]. - The Group's cost of sales was approximately HK$413.7 million for the year ended March 31, 2023, an increase of approximately 17.3% from approximately HK$352.6 million for the year ended March 31, 2022[45]. - Gross profit increased by approximately HK$11.3 million from approximately HK$4.9 million for the year ended March 31, 2022, to approximately HK$16.2 million for the year ended March 31, 2023, with the gross profit margin rising from approximately 1.4% to approximately 3.8%[47]. - The Group recognized a loss of approximately HK$4.8 million for the year ended March 31, 2023, compared to a net loss of approximately HK$31.9 million for the previous year, resulting in a negative net profit margin of approximately 1.1%[49]. Assets and Liabilities - Current assets amounted to approximately HK$129.0 million as at 31 March 2023, compared to approximately HK$131.4 million as at 31 March 2022, while current liabilities decreased to approximately HK$82.2 million from approximately HK$85.3 million[54]. - The current ratio improved to approximately 1.6 as at 31 March 2023, compared to approximately 1.5 as at 31 March 2022[54]. - The maximum limit of borrowing facilities available to the Group increased to approximately HK$75.1 million as at 31 March 2023, up from HK$59.3 million as at 31 March 2022[55]. - The gearing ratio was approximately 45.0% as at 31 March 2023, slightly down from 46.2% as at 31 March 2022[57]. - The Group's net current assets increased to approximately HK$46.8 million as at 31 March 2023, compared to approximately HK$46.1 million as at 31 March 2022[53]. - The Group's equity attributable to owners was approximately HK$101.3 million as of March 31, 2023, compared to approximately HK$95.4 million in 2022[61]. Operational Developments - As of March 31, 2023, the Group operated a fleet of eight diesel tank wagons, a marine oil barge, and a vessel to meet customer requirements[16]. - The Group has conducted marketing and promotional activities and negotiated with potential customers to secure purchase orders for marine diesel oil[18]. - The Group plans to deploy more resources on talent recruitment and strengthen its business development and marketing strategy for diesel oil[36]. - The Group purchased three new diesel tank wagons and replaced two existing ones, with the remaining new wagons expected to be delivered by the end of March 2024[83]. - The Group is actively conducting marketing and promotional activities to secure purchase orders for marine diesel oil[85]. - The Group is in the process of assessing the need for additional diesel tank wagons based on business development[83]. Corporate Governance - The Board is committed to high standards of corporate governance and effective accountability, adhering to the Corporate Governance Code[109]. - The Company has complied with all applicable code provisions set out in the Corporate Governance Code[110]. - The Board consists of three independent non-executive Directors, ensuring a strong independence element in its composition[117]. - The Board is responsible for setting the Group's overall strategies and supervising management performance[111]. - The Company has confirmed the independence of its non-executive directors in compliance with GEM Listing Rules[154]. - The Audit Committee is satisfied with the independence of the external auditor, HLB Hodgson Impey Cheng Limited, and recommends their reappointment for the year ending March 31, 2024[160]. - The Company has established a framework for regular meetings of the Audit and Remuneration Committees, ensuring oversight and governance[161][168]. Human Resources - The total number of employees as of 31 March 2023 is 26, a decrease from 28 employees as of 31 March 2022[98]. - The total staff costs amounted to approximately HK$10.1 million, an increase from approximately HK$9.4 million in the previous year[98]. - The recruitment process for new manpower is ongoing, with various methods employed to attract suitable candidates[97]. - Training courses and on-the-job training have been provided to staff to enhance occupational health and safety management[87]. Financial Management - The Group's liquidity position was maintained throughout the year ended March 31, 2023, through prudent financial management[69]. - The company has utilized approximately HK$38.3 million of the total net proceeds of HK$45.1 million by 31 March 2023, leaving HK$6.8 million unutilized[91]. - The planned use of unutilized proceeds includes the purchase of diesel tank wagons (17.3%), marine diesel oil barge (31.0%), manpower strengthening (13.5%), and upgrading information technology systems (8.0%)[91]. - The company completed a rights issue on 15 September 2022, raising approximately HK$11.0 million, which has been fully utilized for loan repayment and general working capital by 31 March 2023[93][94]. Risk Management - The Group's foreign exchange risk primarily arises from transactions settled in Renminbi, with no hedging instruments in place as of March 31, 2023[65]. - The Directors confirm that they are not aware of any material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern[185].

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佈之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或 任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 F8 ENTERPRISES (HOLDINGS) GROUP LIMITED F 8 企 業（ 控 股 ）集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8347） 截至二零二三年三月三十一日止年度 年度業績公佈 F8企業（控股）集團有限公司（「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三月三十一日止年度之經審核業績。本公告載 列本公司二零二二年╱二零二三年年度報告全文，並符合香港聯合交易所有限公 司（「聯交所」）GEM證券上市規則（「GEM上市規則」）有關年度業績初步公告附載 的資料規定。本公司二零二二年╱二零二三年年度報告的印刷版本將會寄發予本 公司的股東，並可於二零二三年六月三十日或之前於聯交所網站www.hkexnews.hk 及本公司網站www.f8.com.hk閱覽。 承董事會命 F8企業（控股）集團有限公司 主席兼執行董事 方 ...

Financial Performance - The Group recorded a revenue of approximately HK$352.1 million for the nine months ended 31 December 2022, representing an increase of approximately HK$90.2 million or 34.4% compared to the same period in 2021[7]. - The Group achieved a net profit of approximately HK$4.0 million for the nine months ended 31 December 2022, a significant turnaround from a net loss of approximately HK$11.3 million for the same period in 2021[7]. - The gross profit for the nine months ended 31 December 2022 was approximately HK$16.9 million, compared to HK$10.4 million for the same period in 2021, reflecting improved operational efficiency[13]. - The Group's profit from operations for the nine months ended 31 December 2022 was approximately HK$5.6 million, compared to a loss of approximately HK$7.8 million for the same period in 2021[13]. - The profit before taxation for the nine months ended 31 December 2022 was approximately HK$4.0 million, compared to a loss of approximately HK$11.5 million for the same period in 2021[13]. - For the three months ended December 31, 2022, the company reported a profit of HK$236,000, compared to a loss of HK$6,041,000 in the same period of 2021, marking a significant turnaround[14]. - For the nine months ended December 31, 2022, the company achieved a profit of HK$4,031,000, a substantial improvement from a loss of HK$11,421,000 in the previous year[14]. - The total comprehensive income for the period attributable to owners of the company was HK$236,000 for the three months and HK$4,031,000 for the nine months, compared to losses of HK$6,134,000 and HK$12,795,000 respectively in 2021[15]. Revenue Sources - Diesel oil sales contributed HK$344,458,000, representing a 34.0% increase from HK$257,005,000 in the previous year[34]. - Marine diesel oil sales increased significantly to HK$6,599,000, up from HK$3,162,000, marking a 108.7% growth[34]. - Revenue from diesel oil sales amounted to approximately HK$344.5 million, representing approximately 97.8% of the Group's total revenue for the nine months ended 31 December 2022[111]. Expenses and Costs - The increase in revenue was primarily driven by higher sales of diesel oil and a reduction in administrative expenses, although this was partially offset by an increase in other operating expenses[8]. - The Group's administrative expenses decreased to approximately HK$12.1 million for the nine months ended 31 December 2022, down from HK$12.3 million in the same period in 2021[13]. - The finance costs for the nine months ended 31 December 2022 were approximately HK$2.2 million, a reduction from HK$3.4 million for the same period in 2021[13]. - The cost of inventories recognized as expenses for the nine months ended December 31, 2022, was HK$328,770,000, which is a 33.3% increase from HK$246,673,000 in the previous year[49]. - The Group's cost of sales for the nine months ended December 31, 2022 was approximately HK$335.2 million, an increase of approximately 33.3% from approximately HK$251.5 million for the same period in 2021[112]. Dividends and Share Capital - The Board does not recommend the payment of any dividend for the nine months period ended 31 December 2022[10]. - The company’s share capital increased to HK$13,752,000 as of December 31, 2022, from HK$10,080,000 at the beginning of the period due to the issuance of new shares[15]. - The group did not declare any dividends for the nine months ended December 31, 2022, compared to no dividends declared for the same period in 2021[56]. Equity and Financial Position - As of December 31, 2022, the company's total equity stood at HK$111,442,000, reflecting an increase from HK$95,370,000 at the beginning of the period[15]. - The Group's capital structure included equity attributable to the owners of the Company of approximately HK$111.4 million as of 31 December 2022, an increase from approximately HK$95.4 million as of 31 March 2022[127]. - As of December 31, 2022, the Group's current assets were approximately HK$143.7 million, while current liabilities were approximately HK$91.0 million, resulting in a current ratio of approximately 1.6[120]. - The gearing ratio improved to approximately 34.9% as of 31 December 2022, down from 46.2% as of 31 March 2022[123]. Operational Developments - The Group's performance indicates a positive trend in operational recovery and financial stability moving forward[8]. - The Group's operations focus on the sale and transportation of diesel oil and related products[22]. - The company operates primarily in Hong Kong, with all revenue derived from external customers located in the region[37]. - The Group will focus on talent recruitment and strengthen business development and marketing strategies in the diesel oil market due to a challenging business environment[105][108]. Compliance and Governance - The Audit Committee reviewed the Quarterly Financial Statements for the nine months ended December 31, 2022, confirming compliance with applicable accounting standards and GEM Listing Rules[192]. - The Company has established an Audit Committee to oversee internal control and risk management systems, comprising three independent non-executive Directors[190]. - There are no competing interests from controlling shareholders or Directors that could affect the Company's business during the reporting period[189]. Environmental Compliance - The Group continues to monitor its business operations to ensure compliance with environmental laws and regulations[158]. - No prosecution, penalty, or punishment has been imposed on the Group for violations of environmental laws as of the report date[163]. - The Group has implemented various environmental protection measures to minimize operational impact on the environment[161].

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are generally small ...

CHARACTERISTICS OF THE GEM ("GEM") OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are gene ...

CHARACTERISTICS OF THE GEM ("GEM") OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are gene ...

CHARACTERISTICS OF THE GEM ("GEM") OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are gene ...

CHARACTERISTICS OF THE GEM ("GEM") OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are gene ...