Financial Performance - For the nine months ended February 28, 2025, the company reported revenue of S$21,758,502, an increase of 23.5% compared to S$17,614,663 for the same period in 2024[12] - Gross profit for the same period was S$10,660,450, up 26.2% from S$8,444,937, driven by increased revenue in all product segments[12] - The company achieved a pre-tax profit of S$319,711, a significant turnaround from a pre-tax loss of S$604,326 in the previous year[12] - The company reported a net profit of S$318,985 for the nine months ended February 28, 2025, compared to a net loss of S$593,658 in the prior year[15] - Total revenue for the nine months ended February 28, 2025, was SGD 21,758,502, up 23.1% from SGD 17,614,663 in the previous year[58] - Reported segment profit for the nine months ended February 28, 2025, was SGD 5,957,606, an increase of 31.2% from SGD 4,543,024 for the same period in 2024[57] Revenue Sources - Subscription and support service revenues contributed to the overall revenue increase of S$4,143,839 during the reporting period[12] - Revenue from contracts for enterprise application software solutions and energy management solutions is recognized based on the percentage of completion method, reflecting the work completed relative to total work[31] - Maintenance service revenue is recognized over time as customers simultaneously receive and consume benefits, typically invoiced monthly[32] - Subscription revenue is recognized over time as customers simultaneously receive and consume benefits, based on the number of accounts[33] - Revenue from external customers for the Simplicity segment reached SGD 20,547,390, an increase from SGD 16,626,902 in the previous year, representing a growth of approximately 23%[54] - The Starlight segment generated revenue of SGD 1,211,112, up from SGD 987,761, indicating a growth of about 23%[54] Expenses and Costs - Increased management expenses were noted due to a rise in employee numbers, inflation-adjusted salary increases, and one-time items related to the proposed privatization[12] - Operating cash flow for the nine months ended February 28, 2025, was a net outflow of S$1,574,260, an improvement from a net outflow of S$3,095,618 in the same period last year[18] - Employee costs, including directors' remuneration, increased to SGD 14,682,259 for the nine months ended February 28, 2025, from SGD 12,549,721 in the previous year, reflecting a rise of 17%[66] - Operating expenses for Q3 2025 totaled SGD 10,680,108, a 14.27% increase from SGD 9,346,733 in Q3 2024[122] - The cost of subscription and support services for Q3 2025 was SGD 9,629,288, an increase of SGD 3,271,405 or 51.45% compared to Q3 2024, primarily due to increased operational support staff and cloud computing capacity demands[123] Assets and Liabilities - Current assets totaled S$21,236,185 as of February 28, 2025, slightly up from S$21,138,626 as of May 31, 2024[16] - The company’s total liabilities decreased to S$6,303,072 as of May 31, 2024, from S$5,558,022 as of February 28, 2025[16] - The company’s net assets increased to S$18,502,110 as of February 28, 2025, compared to S$17,903,067 as of May 31, 2024[16] - Total assets as of February 28, 2025, were SGD 24,702,865, a decrease of 4% from SGD 25,729,690 as of May 31, 2024[57] - Total liabilities decreased to SGD 6,200,755 as of February 28, 2025, from SGD 7,826,623 as of May 31, 2024, reflecting a reduction of 20.7%[57] Shareholder Information - The board has not declared any dividends for the nine months ended February 28, 2025, consistent with the previous year where no dividends were declared[13] - The total number of shares issued and fully paid was 406,976,128 as of both May 31, 2024, and February 28, 2025[99] - As of February 28, 2025, the CEO and directors held a total of 60,572,000 shares, representing 14.88% of the company’s issued shares[130] - The company granted a total of 39,915,849 stock options under the post-IPO stock option plan on October 12, 2023, with 16,000,000 options awarded to two executive directors[137][139] Corporate Governance - The company is committed to fulfilling its responsibilities to shareholders through robust corporate governance practices[145] - The company has adopted and complied with all applicable corporate governance code provisions during the reporting period[145] - The audit committee has been established, consisting of two independent non-executive directors and one non-executive director, with the main responsibilities including reviewing financial statements and overseeing risk management[147] Market Strategy and Future Outlook - The company is focused on expanding its subscription and support services to sustain revenue growth in the future[12] - The company continues to explore new strategies for market expansion and product development to enhance its competitive position[12] - The company anticipates a significant increase in legal and professional fees related to the proposed privatization in the upcoming months[126]

Revenue and Profitability - Revenue for the six months ended November 30, 2024, increased by 29.3% to S$14,504,936 compared to S$11,216,739 for the same period in 2023[11] - The company reported a pre-tax profit of S$90,285, a turnaround from a pre-tax loss of S$446,161 in the previous year, attributed to increased gross profit and reduced sales and marketing expenses[11] - Revenue for the three months ended November 30, 2024, was SGD 7,369,451, representing a 28.5% increase from SGD 5,735,434 in the same period of 2023[14] - The company reported a net loss of SGD 245,583 for the three months ended November 30, 2024, compared to a loss of SGD 108,951 in the same period of 2023[14] - The financial results reflect a solid recovery trajectory, positioning the company for future growth and stability in the evolving market landscape[11] Gross Profit and Expenses - Gross profit rose to S$6,951,444, up from S$5,427,297, with significant contributions from the Simplicity® and Starlight® product lines, which saw gross profit increases of S$1,409,018 and S$115,129 respectively[11] - The increase in pre-tax profit was partially offset by higher general and administrative expenses in the Australia and Japan offices, as well as additional project bonuses for team performance[11] - Operating cash flow for the six months ended November 30, 2024, was a net outflow of SGD 2,984,452, compared to a net outflow of SGD 1,839,322 in the previous year[20] - Employee costs rose to SGD 7.43 million, a 16.8% increase from SGD 6.36 million in 2023[64] - Total employee costs for the six months ended November 30, 2024, amounted to SGD 9,660,976, an increase of 19.4% from SGD 8,098,352 in the same period of 2023[76] Market Conditions and Future Outlook - The overall improvement in market conditions contributed to revenue growth across all product areas, indicating a positive market trend[11] - Management expects continued growth in revenue and profitability as market conditions remain favorable and operational efficiencies are improved[11] - The company is actively exploring opportunities for market expansion and potential acquisitions to strengthen its competitive position[11] - The company continues to focus on enhancing its product offerings and market presence, particularly through its advanced IoT and smart metering platform, TESSERACT[7] Assets and Liabilities - Total current assets decreased to SGD 19,733,144 as of November 30, 2024, from SGD 21,138,626 as of May 31, 2024[16] - The company’s total assets less current liabilities stood at SGD 19,124,264 as of November 30, 2024, compared to SGD 19,426,618 as of May 31, 2024[16] - The total assets as of November 30, 2024, were SGD 23,587,660, a decrease from SGD 25,729,690 as of May 31, 2024[67] - The total liabilities as of November 30, 2024, were SGD 5,372,744, down from SGD 7,826,623 as of May 31, 2024[67] Revenue Recognition - The group recognizes revenue from contracts for enterprise application software solutions and energy management solutions based on fixed contract prices, typically invoiced within 90 days[33] - Maintenance service revenue is recognized over time as customers simultaneously receive and consume benefits, with invoices issued monthly and typically paid within 30 days[36] - Subscription revenue is recognized over time based on the number of accounts, with no variable consideration in standard subscription contracts[37] - Rental income from hardware leases is recognized on a straight-line basis over the lease term[38] - Interest income is recognized using the effective interest method, discounting future cash flows to the financial asset's carrying amount[39] Corporate Governance and Compliance - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with trading regulations during the reporting period[175] - The audit committee, consisting of independent non-executive directors, reviewed the interim financial statements for the 2024/25 fiscal year[181] - The company remains committed to robust corporate governance practices to protect and enhance shareholder value[179] Stock Options and Employee Benefits - The company granted a total of 39,915,849 stock options under the post-IPO employee stock option plan, with an exercise price of SGD 0.045 per share[121] - The estimated fair value of the stock options granted is approximately SGD 983,600, calculated using the Black-Scholes pricing model[123] - As of November 30, 2024, there are 9,978,962 stock options that have vested and are available for exercise out of the total unexercised options[125] - Key management personnel compensation for the three months ended November 30, 2024, was SGD 614,047, an increase of 43.3% from SGD 428,532 in the same period of 2023[128] Dividends - The board has not declared any dividends for the six months ended November 30, 2024, consistent with the previous year where no dividends were declared[12] - The company did not declare any dividends for the six months ended November 30, 2024, consistent with the previous year[79]

Financial Performance - Anacle Systems Limited reported its unaudited interim financial performance for the six months ended November 30, 2024, with the interim report to be available by January 14, 2025[3]. - Total revenue for the six months ended November 30, 2024, increased by 29.3% to 14,504,936 SGD, up from 11,216,739 SGD in the same period last year[14]. - Gross profit for the same period rose to 6,951,444 SGD, a 28.1% increase from 5,427,297 SGD, driven by revenue growth in the Simplicity® and Starlight® product lines[14]. - The pre-tax profit for the six months was 90,285 SGD, a significant recovery from a loss of 446,161 SGD in the previous year, attributed to increased gross profit and reduced sales and marketing expenses[14]. - The company did not declare any dividends for the six months ended November 30, 2024, consistent with the previous year[15]. - The company reported a pre-tax comprehensive profit of SGD 90,285 for the six months ended November 30, 2024, compared to a loss of SGD 446,161 in 2023[71]. - For the six months ended November 30, 2024, the company reported a basic and diluted earnings per share of SGD 0.02, compared to a basic loss per share of SGD 0.11 for the same period in 2023[85]. Financial Position - Current assets totaled 19,733,144 SGD, down from 21,138,626 SGD as of May 31, 2024, reflecting changes in cash and inventory levels[20]. - Total liabilities decreased to 4,463,396 SGD from 6,303,072 SGD, improving the company's financial position[20]. - The net asset value increased to 18,214,916 SGD from 17,903,067 SGD, indicating a strengthening balance sheet[20]. - Total assets as of November 30, 2024, were SGD 23,587,660, a decrease from SGD 25,729,690 as of May 31, 2024[71]. - Total liabilities as of November 30, 2024, were SGD 5,372,744, down from SGD 7,826,623 as of May 31, 2024[71]. - The company’s total equity in joint ventures includes a 25% ownership stake in EASI Technology Co., Ltd., which aims to expand the company's software products into the Chinese market[90]. Cash Flow - Net cash used in operating activities for the six months ended November 30, 2024, was S$2,984,452, compared to S$1,839,322 for the same period in 2023, indicating a significant increase in cash outflow[24]. - Net cash generated from investing activities was S$166,131 for the six months ended November 30, 2024, compared to S$193 in the previous year, showing a positive trend in investment cash flow[24]. - The net decrease in cash and cash equivalents for the period was S$3,458,878, up from S$2,447,871 in the prior year, reflecting increased cash burn[24]. - Cash and cash equivalents at the end of the period stood at S$8,260,365, down from S$9,388,248 a year earlier, indicating a decline in liquidity[24]. Governance and Compliance - The board of directors confirmed that the information provided in the announcement is accurate and complete, with no misleading statements or omissions[4]. - The company is committed to transparency and governance, with various committees established to oversee audit, remuneration, and nominations[12]. - The board consists of both executive and independent non-executive directors, ensuring a balanced governance structure[12]. - The financial report is prepared in accordance with applicable International Financial Reporting Standards and is unaudited, requiring reading in conjunction with the annual financial statements[27]. - The audit committee, consisting of two independent non-executive directors and one non-executive director, has reviewed the interim financial statements for the 2024/25 fiscal year[186]. - The company has adopted and complied with all applicable corporate governance codes during the reporting period[184]. Revenue Recognition - Revenue from enterprise application software solutions and energy management solutions is recognized based on fixed contract prices, with invoices typically issued for payment within 90 days[37]. - Revenue from maintenance services is recognized over time as customers simultaneously receive and consume benefits, with invoices issued monthly and typically paid within 30 days[40]. - Subscription revenue is recognized over time based on the number of accounts, with a structure that includes a minimum number of basic accounts and no variable consideration[41]. - Rental income from hardware leases is recognized on a straight-line basis over the lease term[42]. - Interest income is recognized using the effective interest method, discounting future cash flows to the financial asset's carrying amount[43]. - Contract assets represent rights to consideration in exchange for goods or services transferred to customers before payment is received[45]. - Contract liabilities are recognized when consideration is received from customers before the transfer of goods or services, and are recognized as revenue when the contract is fulfilled[45]. Operational Insights - Anacle Systems Limited is focused on providing advanced IoT, smart metering, and control platforms through its TESSERACT data technology[10]. - The company aims to enhance its market position through strategic initiatives and potential future expansions[3]. - The company’s primary business includes software development and providing enterprise application software solutions, as well as energy management solutions[26]. - The Simplicity segment generated SGD 13,646,874 in revenue, while the Starlight segment contributed SGD 858,062 for the six months ended November 30, 2024[73]. - The company has not disclosed any new product developments or market expansion strategies in the current report[28]. Employee and Management Compensation - Employee costs, including directors' remuneration, totaled SGD 9,660,976 for the six months ended November 30, 2024, an increase of 19.4% from SGD 8,098,352 in the same period of 2023[81]. - Key management personnel compensation for the three months ended November 30, 2024, amounted to SGD 614,047, an increase from SGD 428,532 in the same period of 2023[132]. - The company provided housing loans totaling SGD 1,270,000 to three key management personnel, with interest rates ranging from 1.37% to 2.20%[134]. Stock Options and Share Capital - The company granted a total of 39,915,849 post-IPO stock options on October 12, 2023, with 31,000,000 options pending approval at the extraordinary general meeting on December 8, 2023[125]. - The estimated fair value of the stock options granted is approximately SGD 983,600, equivalent to HKD 5,644,000, calculated using the Black-Scholes pricing model[126]. - The exercise price for each stock option is HKD 0.256, while the weighted average share price at the time of grant was HKD 0.250[127]. - As of November 30, 2024, there are 39,915,849 unexercised stock options, with a weighted average exercise price of SGD 0.045[129]. - The company aims to align the interests of option holders with its performance-driven future stock price through the share option plan[175]. - The company’s issued and fully paid share capital remained at SGD 21,095,353 as of both May 31, 2024, and November 30, 2024, with no changes in the number of shares issued[124].

Financial Performance - Anacle Systems Limited reported its unaudited financial performance for the first quarter of 2024/25, ending August 31, 2024[1]. - Revenue for Q1 2024/25 reached S$7,135,485, a 30.2% increase from S$5,481,305 in Q1 2023[8]. - Gross profit for the same period was S$3,569,114, up from S$2,558,985, reflecting a significant increase in profitability[8]. - Profit before tax was S$335,148, compared to a loss of S$337,210 in the previous year, indicating a turnaround in financial performance[8]. - Total comprehensive loss for the period was S$328,150, compared to a loss of S$331,732 in the previous year[11]. - Basic and diluted earnings per share for the quarter were S$0.08, compared to a loss of S$0.08 in the same quarter last year[11]. - The company reported a net profit of SGD 335,436 for Q1 2025, compared to a net loss of SGD 326,503 in Q1 2024[54]. Revenue Breakdown - The increase in gross profit was primarily driven by revenue growth in the Simplicity® and Starlight® segments, contributing S$973,894 and S$36,235 respectively[8]. - Revenue from contracts with customers is recognized when control of goods or services is transferred, excluding amounts collected on behalf of third parties[16]. - Project revenue is recognized based on the percentage of completion, determined by the ratio of work completed to the total estimated work[16]. - Subscription and support services accounted for 79.24% of total revenue in Q1 2025, generating SGD 5,654,046, up 29.87% from SGD 4,353,647 in Q1 2024[54][55]. - Revenue from Simplicity® Real Estate was 4,113,036 SGD, up 31.15% from 3,136,026 SGD in Q1 2024[56]. - Revenue from external customers for Simplicity® reached SGD 6,775,029 in Q1 2024, up from SGD 5,200,813 in Q1 2023, representing a growth of approximately 30.3%[31]. - Starlight® generated revenue of SGD 360,456 in Q1 2024, compared to SGD 280,492 in Q1 2023, reflecting an increase of about 28.5%[31]. Expenses and Costs - Research and development expenses amounted to S$776,047, up from S$636,340, reflecting ongoing investment in innovation[10]. - Total employee costs for the company increased to SGD 3,543,182 in Q1 2024 from SGD 3,057,795 in Q1 2023, reflecting a rise of about 15.8%[31]. - The company’s financing costs, specifically interest on lease liabilities, increased to SGD 29,759 from SGD 20,921 in the previous year, representing an increase of about 42.5%[38]. - General and administrative expenses rose to 1,786,009 SGD in Q1 2025, a 22.75% increase from 1,454,943 SGD in Q1 2024[61]. - Professional services costs increased by 12.25% to 894,848 SGD in Q1 2025, aligning with a 31.37% growth in professional services revenue[60]. Corporate Governance - The board of directors confirmed that the information provided in the announcement is accurate and complete, with no misleading statements or omissions[2]. - The company is committed to adhering to the corporate governance code as per the GEM listing rules, ensuring transparency and accountability[5]. - The company has a dedicated audit committee to oversee financial reporting and compliance, ensuring rigorous financial oversight[7]. - The board includes independent non-executive directors, enhancing governance and oversight of company operations[7]. - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with relevant regulations[73]. Shareholder Information - As of August 31, 2024, the total number of shares issued by the company is 406,976,128[66]. - Mr. Liu holds 45,572,000 shares and 10,000,000 related shares, representing a total equity of 60,572,000 shares, which is approximately 14.88% of the company[64]. - Major shareholders include Ms. Huang, who has beneficial interests in 60,572,000 shares, and M1 TeliNet Pte. Ltd., which holds 20,259,000 shares, representing about 4.98% of the company[68]. - A total of 39,915,849 stock options were granted under the 2023 plan, representing approximately 9.81% of the total issued ordinary shares[71]. - The estimated fair value of the stock options granted is approximately SGD 983,600, equivalent to HKD 5,644,000, calculated using the Black-Scholes pricing model[71]. Market and Operational Focus - The company continues to focus on software development and enterprise application solutions, indicating a commitment to market expansion and technological advancement[13]. - Simplicity® continues to focus on providing streamlined and efficient business solutions tailored for large enterprises in the Asia-Pacific region[47]. - The company plans to expand its market presence through new customer acquisitions and enhanced product offerings[55].

ANACLE SYSTEMS LIMITED 安科系統有限公司* (於新加坡共和國註冊成立的有限公司) 股份代號: 8353 2024年度報告 截至本財政年度 2024 年 5 月 31 日 *僅供識別 2 2024年度報告 Anacle Systems Limited | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

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。 安科系統有限公司 安科系統有限公司* (於新加坡共和國註冊成立的有限公司) 股份代號: 8353 年度業績公佈 截至2024年5月31日止年度 安科系統有限公司(「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2024年5月 31日 止年度之經審核財務業績。 本公告載有本公司2024年度業績公告全文，符合香港聯合交易所有限公司創業板證券上市規則（「創業板 上市規則」）的相關規定與年度業績初步公告附帶的資訊有關。本公司2024年年報印刷版將於2024年8月 29日或之前寄予本公司股東，並可於創業板網站www.hkgem.com及本公司網站www.anacle.com查閱 按董事會的命令 安科系統有限公司 劉伊浚 集團首席執行官兼執行董事 新加坡， 2024年8月21日 於本公告日期，董事會由執行董事劉伊浚先生（行政總裁）及王瑞興先生（營運總裁）組成； 李泉香先生（主席）、 ...

Financial Performance - For the nine months ended February 29, 2024, Anacle Systems Limited reported revenue of S$17,614,663, an increase of 12.9% or S$2,013,606 compared to S$15,601,057 for the same period in 2023[17] - Gross profit for the same period was S$8,444,937, up from S$7,419,663, reflecting a gross profit increase of 13.8%[17] - The pre-tax loss narrowed to S$604,326 from S$768,235 year-over-year, indicating improved financial performance[17] - Revenue growth was primarily driven by the Simplicity® real estate segment, which saw an increase of S$3,255,108, although this was partially offset by a decrease of S$1,330,539 in the digital workplace and utilities segments[17] - Revenue for the three months ended February 29, 2024, was S$6,397,924, a decrease of 17.6% compared to S$7,761,962 for the same period in 2023[21] - The company reported a pre-tax loss of S$604,326 for the nine months ended February 29, 2024, compared to a loss of S$768,235 for the same period in 2023[21] - The total comprehensive loss for the nine months ended February 29, 2024, was S$605,496, compared to a loss of S$800,234 in the previous year[21] - The basic and diluted loss per share for the three months ended February 29, 2024, was S$0.04, compared to earnings of S$0.45 in the same period last year[21] - Basic loss per share for the nine months ended February 29, 2024, was SGD 0.15, compared to SGD 0.19 for the same period in 2023, reflecting a decrease in loss of 21.1%[10] Revenue Segments - Revenue from external customers for the Simplicity segment was SGD 16,626,902 for the nine months ended February 29, 2024, compared to SGD 14,702,333 for the same period in 2023, representing a growth of approximately 13.1%[65] - Revenue from external customers for the Starlight segment was SGD 987,761 for the nine months ended February 29, 2024, compared to SGD 898,724 for the same period in 2023, indicating an increase of about 9.9%[65] - Revenue from maintenance services increased significantly to SGD 6,095,606 for the nine months ended February 29, 2024, compared to SGD 3,871,897 in the same period last year, representing a growth of 57.5%[68] - Simplicity® total revenue grew by 13.1%, reaching SGD 16,626,902, driven by an increase in implementation revenue by 34.0% to SGD 3,111,699[86][87] - Starlight® total revenue increased by 9.9% to SGD 987,761, with hardware leasing revenue rising significantly by 386.4% to SGD 188,875[89][90] - Simplicity® recurring revenue rose by 9.2%, totaling SGD 13,515,203, attributed to ongoing system enhancements and a shift towards SaaS[86][94] Expenses and Costs - Operating expenses for the nine months increased to S$2,181,329, up 10.1% from S$1,980,518 in the previous year[21] - Employee costs, including directors' remuneration, increased to SGD 4,451,369 for the three months ended February 29, 2024, from SGD 3,844,027 in the previous year, reflecting a rise of 15.9%[75] - The company incurred financial costs of SGD 89,960 for the nine months ended February 29, 2024, compared to SGD 54,182 in the previous year, marking an increase of 65.9%[74] - Total sales cost increased by 12.1%, amounting to 988,332 SGD, with Simplicity® sales cost rising by 12.9% to 8,697,436 SGD[97] - Administrative expenses increased as a percentage of revenue from 28.3% in Q3 2023 to 28.5% in Q3 2024 due to inflation adjustments and depreciation[102] Market Expansion and Strategy - The company is expanding into the Australian and Japanese markets, which has contributed to increased expenses[19] - The company established a new office in Japan in November 2023, aiming to enhance sales and marketing efforts in the region[92] - The company continues to invest in product improvements and cloud computing to enhance security features for Simplicity®[103] - The company held a technology event in July 2023 to support market expansion efforts[101] - The overall economic environment is expected to impact the company's revenue growth in the short term, particularly in the commercial and public sectors[92] Accounting Policies - Anacle Systems Limited reported unaudited consolidated financial results for Q3 2023/24, with a focus on lease liabilities and right-of-use assets accounting policies[41] - The company recognizes lease liabilities at the present value of unpaid lease payments, using the implicit rate or incremental borrowing rate if the implicit rate is not readily determinable[36] - Revenue from enterprise application software solutions and energy management solutions is recognized based on the percentage of completion method, with invoicing typically occurring within 90 days[45] - Maintenance service revenue is recognized over time as customers simultaneously receive and consume benefits, with invoicing on a monthly basis[48] - Subscription revenue is recognized over time based on the number of accounts, with no variable consideration in standard contracts[49] - Hardware sales revenue is recognized when the customer takes possession and accepts the product, with invoicing typically occurring within 30 days[50] - Rental income from hardware leases is recognized on a straight-line basis over the lease term[51] - Interest income is recognized using the effective interest method, discounting future cash flows to the financial asset's carrying amount[52] - The company has chosen not to capitalize low-value assets and short-term leases, recognizing lease payments as expenses on a straight-line basis[34] - Anacle Systems Limited's accounting policies reflect a commitment to transparency and adherence to IFRS standards in revenue recognition and lease accounting[44] Shareholder Information - As of February 29, 2024, major shareholders include Huang Yanyan with a beneficial interest of 60,572,000 shares, representing 14.95% of the company's issued shares[115] - Majuven Fund 1 Ltd. holds 36,528,219 shares, accounting for 9.01% of the total issued shares[115] - OWW Investments III Limited has a beneficial interest of 20,873,307 shares, which is 5.15% of the company's issued shares[115] - The total number of issued shares as of February 29, 2024, is 405,279,683 shares[116] - The board decided not to declare any dividends for the nine months ending February 29, 2024, consistent with the previous year where no dividends were declared[130] Audit and Compliance - The audit committee, established on November 24, 2017, consists of two independent non-executive directors and one non-executive director, with Mr. Mo Wei Sheng as the chairman[131] - The financial statements for Q3 2023/24 have not been audited by the company's auditors but have been reviewed by the audit committee[131]

Revenue and Profitability - Revenue for the six months ended November 30, 2023, increased by 43.1% to S$11,216,739 compared to S$7,839,095 for the same period in 2022[11] - Gross profit rose to S$5,427,297, up from S$2,549,591, reflecting a significant increase of 112.9%[11] - The increase in revenue was primarily driven by the Simplicity® real estate segment, which contributed an additional S$3,635,808, despite declines in the digital workplace and utilities segments[11] - The gross profit from Simplicity® and Starlight® increased by S$2,793,722 and S$83,984, respectively, due to a higher proportion of recurring revenue[11] - Revenue for the three months ended November 30, 2023, was SGD 5,735,434, representing a 79.8% increase compared to SGD 3,190,805 for the same period in 2022[14] - The company reported a total comprehensive loss of SGD 449,416 for the six months ended November 30, 2023, compared to SGD 2,616,950 in the same period last year, showing a positive trend[14] - The company reported a pre-tax comprehensive loss of SGD 446,161 for the six months ended November 30, 2023, compared to a loss of SGD 2,595,997 for the same period in 2022, showing an improvement of 82.8%[55] - The net loss for the six months ended November 30, 2023, was SGD 435,454, a significant reduction from a loss of SGD 2,596,148 in the same period last year, indicating improved financial performance[14] Market Expansion and Strategy - The company is expanding into markets in Australia and Japan, which has incurred additional expenses[12] - The company continues to focus on increasing its recurring revenue streams to enhance profitability[11] - The board remains cautious about future profitability due to ongoing market expansion costs and inflation adjustments in employee salaries[12] - The company established a subsidiary in Japan in November 2023 to enhance sales and marketing efforts in the region[123] Cash Flow and Financial Position - Cash and cash equivalents at the end of the period were SGD 9,388,248, slightly down from SGD 11,853,222 at the beginning of the period[19] - Operating cash flow for the six months ended November 30, 2023, was a net outflow of SGD 1,839,322, an improvement from SGD 5,919,615 in the previous year[19] - Total assets decreased to SGD 18,594,913 as of November 30, 2023, from SGD 19,490,023 as of May 31, 2023[16] - Current liabilities decreased significantly to SGD 3,642,317 from SGD 6,261,872, reflecting better liquidity management[16] - Total assets reported for the company decreased to SGD 22,237,230 as of November 30, 2023, down from SGD 25,751,895 as of May 31, 2023, indicating a decline of 13.5%[56] - Total liabilities decreased to SGD 5,769,834 as of November 30, 2023, compared to SGD 8,862,935 as of May 31, 2023, a reduction of 34.5%[56] Research and Development - Research and development expenses for the six months ended November 30, 2023, were SGD 1,513,483, compared to SGD 1,343,516 in the previous year, indicating continued investment in innovation[14] - Research and development costs as a percentage of revenue decreased from 17.1% in the first half of 2023 to 13.5% in the first half of 2024[135] Revenue Recognition and Segments - Revenue from subscription services reached SGD 1,963,746, up from SGD 1,167,538, marking an increase of 68%[58] - Revenue from external customers for the Simplicity segment increased to SGD 10,546,151 in 2023 from SGD 7,311,910 in 2022, representing a growth of 44.5%[53] - The total revenue from the Starlight segment rose to SGD 670,588 in 2023 compared to SGD 527,185 in 2022, marking a growth of 27.1%[53] - The total reported segment profit increased significantly to SGD 2,776,493 in 2023 from SGD 268,535 in 2022, reflecting a growth of 935.5%[55] Shareholder Information and Corporate Governance - The company has not declared any dividends for the six months ended November 30, 2023, consistent with the previous year[12] - The company is committed to robust corporate governance practices to protect and enhance shareholder value[157] - There are no reported conflicts of interest involving directors or major shareholders in competing businesses during the reporting period[155] - The audit committee, consisting of two independent non-executive directors and one non-executive director, reviewed the interim financial statements for the 2023/24 fiscal year[161] Employee and Management Compensation - Key management personnel compensation totaled SGD 779,292 for the six months ended November 30, 2023, up from SGD 727,193 in the previous year[109] - The company aims to attract and retain experienced individuals through stock options, which are crucial for its performance and growth[101] Lease Liabilities and Assets - Total lease liabilities as of November 30, 2023, stand at SGD 3,186,741, down from SGD 3,651,725, reflecting a decrease of about 13%[94] - The group's right-of-use assets decreased to 3,024,779 SGD as of November 30, 2023, from 3,491,622 SGD as of May 31, 2023, indicating a reduction of 13.3%[72] Other Financial Metrics - Interest income for the six months ended November 30, 2023, was SGD 143,333, significantly higher than SGD 33,842 in the previous year, representing an increase of 323.5%[62] - The company incurred a depreciation expense of SGD 160,941 for property, plant, and equipment for the six months ended November 30, 2023, compared to SGD 81,766 in the same period of 2022, indicating a growth of 96.5%[66]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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，並明確表示不會就任何損失承擔任何責任因本公告全部或任何部分內容而產生或依賴本公告的全部或任 何部分內容。 Anacle Systems Limited Anacle Systems Limited 安安 科科 系系 統統 有有 限限公 公司 司** (在新加坡共和國註冊成立的有限公司) （在新加坡共和國註冊成立的有限公司） (股份代號：8353) 股票代碼：8353 中期業績公告 截至 2023 年 11 月 30 日止 6 個月 安科系統有限公司（「本公司」）董事會（「董事」）欣然宣佈本公司及其子公司（「集團」） 截至2023年11月30日止6個月的未經審計中期財務業績。本公告載有本本公司截至2023 年11 月 30 日止6 個月的中期業績全文，符合《創業板證券上市規則》關於中期業績初步公告所附資料 的相關規定。2本公司0截至220233年1/1月230日4止6個 月中的中期報期告印刷報版將交付告給本公司股東，並可 於聯交所網站www.hkexnews.hk及本公司網站www.ana ...

Financial Performance - Total revenue for Q1 FY2024 reached S$5,481,305, representing a 17.9% increase from S$4,648,290 in Q1 FY2023[11] - Gross profit increased to S$2,558,985, up by 27.1% compared to S$2,013,529 in the previous year[11] - The pre-tax loss for the quarter was S$337,210, attributed to costs from a technology showcase in July 2023, market expansion to Australia, and inflation adjustments in employee salaries[11] - Revenue growth was primarily driven by the Simplicity® real estate segment, which saw an increase of S$1,421,432, although this was partially offset by a decrease of S$606,983 in the digital workplace segment[11] - The company reported a net loss of S$326,503 for the quarter, an improvement from a net loss of S$385,731 in the same quarter of the previous year[12] - Total comprehensive loss for the quarter was S$331,732, an improvement from S$386,661 in the same quarter last year[12] - The company anticipates a decrease in system implementation revenue due to economic slowdown and government fiscal tightening, but expects an increase in high-quality recurring revenue from the shift to SaaS[65] - The pre-tax net loss for Q1 2024 was 337,210 SGD, an improvement from a loss of 388,742 SGD in Q1 2023[74] Revenue Segmentation - Revenue for the first quarter of fiscal year 2024 was S$5,481,305, an increase of 17.9% compared to S$4,648,290 in the same period last year[12] - Reported segment profit for Simplicity was SGD 1,471,356, a 39.4% increase from SGD 1,054,449 in 2022, while Starlight reported a loss of SGD 106,945[41] - Revenue from the Simplicity segment was SGD 5,200,813, a 18.6% increase from SGD 4,386,364 in 2022[45] - Revenue from the Starlight segment was SGD 280,492, up 7.0% from SGD 261,926 in 2022[45] - Simplicity® system implementation revenue decreased by 15.4% to SGD 1,127,658, while recurring revenue increased by 33.4% to SGD 4,073,155[60] - Starlight® total revenue increased by 7.1% to SGD 280,492, with hardware leasing revenue rising significantly by 290.1% to SGD 50,557[62][63] Expenses and Investments - Research and development expenses increased to S$636,340, up from S$601,272, reflecting a focus on innovation and product development[12] - Marketing and other operating expenses rose to S$856,325, up from S$632,171, highlighting increased investment in market presence[12] - Total sales costs increased by 10.9% to 2,760,308 SGD, with Simplicity® sales costs rising by 11.2%[68] - Sales, marketing, and distribution expenses accounted for 15.6% of revenue, up from 13.6% in the previous year due to market expansion efforts[71] - Administrative expenses as a percentage of revenue decreased from 28.4% to 26.5%[72] - R&D costs as a percentage of revenue fell from 12.9% to 11.6%, reflecting ongoing investments in product enhancements[73] Market Strategy and Future Outlook - The company is focusing on expanding its market presence, particularly in Australia, as part of its growth strategy[11] - Anacle Systems Limited continues to prioritize operational efficiency and strategic market expansion to drive future growth[11] - The company is investing in new technology and product development to enhance its service offerings[11] - The company continues to focus on expanding its software solutions and energy management services, aiming for growth in both domestic and international markets[15] - Anacle Systems' business model is transitioning towards SaaS, which is expected to drive revenue growth in the future[65] Shareholder Information - As of August 31, 2023, major shareholders include Huang Yanyan with 11.24% (45,572,000 shares) and Lin Lifang with 5.61% (22,750,000 shares) of the company’s issued shares[78] - Majuven Fund 1 Ltd. holds 9.01% (36,528,219 shares) and OWW Investments III Limited holds 5.15% (20,873,307 shares) of the company’s issued shares[78] - The company has a total of 405,279,683 issued shares as of August 31, 2023[78] - The company has adopted pre-IPO share option plans with exercise prices of approximately SGD 0.01 or SGD 0.07, with 1,696,445 options vested and exercisable as of August 31, 2023[80] Corporate Governance - The board did not declare any dividends for the three months ending August 31, 2023, consistent with the previous year[11] - The audit committee, consisting of two independent non-executive directors and one non-executive director, was established to oversee financial reporting and risk management[88] - The company has complied with all applicable corporate governance codes during the reporting period[86] - The company has not repurchased, sold, or redeemed any of its listed securities during the reporting period[85] - No other individuals or entities, apart from those disclosed, hold share interests as of August 31, 2023[79]