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 安科系統有限公司* （在新加坡共和國註冊成立的有限公司） (股份代號：8353) 第一季業績公佈 截至 2023 年 8 月 31 日止三個月 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8月31日止三個月未經審計的第一季財務業績（以下簡稱“2024財 年第一季業績公告」）。本公告載有本集團2024財年第一季業績公告全文，符合《創業 板證券上市規則》關於第一季業績初步公告附帶資訊的相關規定。本集團2024年第一季 報告印刷版將於2023年10月15日或之前送交本公司股東，並可查閱於聯交所網站www. hkexnews.hk及本公司網站www.anacle.com。 代表董事會 安科系統有限公司 劉伊浚先生 執行董事兼首席執行官 新加坡，2023 年 10 月 4 日 ...

Financial Performance - Anacle reported revenue of SGD 23.8 million and a net profit of SGD 372,000 for FY2023, compared to SGD 23.2 million and SGD 2.3 million in FY2022, indicating a revenue increase of 2.6% and a significant profit increase of 16.5%[8]. - The gross profit for FY2023 was SGD 11.85 million, reflecting a 24.5% increase compared to SGD 9.52 million in FY2022[19]. - Adjusted EBITDA for FY2023 was SGD 2.19 million, down from SGD 3.69 million in FY2022, indicating a decrease of 40.5%[19]. - Anacle Systems Limited's net profit for FY2023 was SGD 372,304, a significant decrease from SGD 2.37 million in FY2022[19]. - The pre-tax profit for the fiscal year 2023 decreased by 77.8% to SGD 489,865 from SGD 2,204,067 in fiscal year 2022[55]. - The adjusted pre-tax profit for 2023 was SGD 178,702, down from SGD 1,765,052 in 2022[57]. - The company reported a cash balance of SGD 11,853,222, down from SGD 15,770,924 in 2022[65]. Revenue Composition - The proportion of recurring revenue increased from 44.4% in FY2022 to 70.5% in FY2023, while gross margin improved from 41.0% to 49.8%[8]. - The revenue from the combined Simplicity® software business grew by 1% from SGD 22.3 million in FY2022 to SGD 22.5 million in FY2023, with recurring revenue rising from 42.0% to 69.6%[9]. - The company achieved a significant increase in recurring revenue, with Simplicity® and Starlight® contributing 69.6% and 86.9% of total revenue respectively[22]. - The total revenue for Simplicity® solutions was SGD 22.5 million, with recurring revenue contributing SGD 15.65 million, marking a significant shift towards maintenance and support models[30]. - The revenue from the Simplicity® RE solution decreased by 51.7% due to a slowdown in the commercial real estate sector, while recurring revenue surged by 185.8%, now accounting for 53.9% of total revenue[30]. - The Simplicity® UT solution saw a substantial revenue increase of 38.2%, with recurring revenue rising by 88.5%, driven by increased spending from the existing customer base[31]. - Starlight® business segment revenue increased by 34.6%, from SGD 0.962 million in the previous year to SGD 1.295 million, largely due to rising energy prices stimulating utility sector customer spending[34]. Market Expansion and Strategy - The company established an office in Sydney and plans to set up an office in Tokyo in FY2024, indicating market expansion efforts[11]. - The company aims to enhance sales and marketing efforts targeting the Asia-Pacific region, including Southeast Asia, Australia, New Zealand, and East Asia[23]. - Anacle Systems Limited plans to establish an office in Japan in the fiscal year 2024 as part of its expansion strategy, alongside a recently opened office in Australia[23]. Operational Challenges - The company acknowledges ongoing challenges in the commercial real estate sector, with global office occupancy rates down by 35.7% compared to pre-pandemic levels[13]. - The company faced challenges in the real estate market, particularly in the office sector, but continued to see strong demand for workflow automation software in Southeast Asia[21]. - The company has adapted to changing industry standards and government regulations, maintaining product performance and reliability to stay competitive[77]. Investment and Costs - The company invested strategically in cybersecurity tools to enhance cloud infrastructure, which impacted performance in the first two quarters but began to yield positive results[22]. - Research and development costs for Simplicity® surged by 414.6% to SGD 1.63 million in 2023, reflecting significant investments in cybersecurity and cloud infrastructure[51]. - Administrative expenses rose by 26.0% to SGD 6.44 million in 2023, primarily due to increased employee compensation and training expenses for SOC 2 compliance[54]. - Sales and marketing expenses increased by 76.6% to SGD 2.17 million in 2023, attributed to the establishment and operation of the Australian office and enhanced marketing efforts[45]. Corporate Governance - The company reported its fiscal year 2023 financial results ending May 31, 2023, with compliance to all applicable corporate governance codes[108]. - The board emphasizes the importance of integrating good corporate governance elements into the management structure and internal controls[108]. - The company is committed to protecting and enhancing shareholder value through robust corporate governance practices[108]. - The board has recognized the significance of effective accountability in risk management procedures[108]. - The board consists of 8 members, with over 60% being non-executive and independent non-executive directors[115]. - The company has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee to oversee specific aspects of the group's affairs[127]. Shareholder Relations - The company has adopted a shareholder communication policy to ensure timely and equal access to information for shareholders[160]. - The company encourages shareholders to propose resolutions at extraordinary general meetings, as there are no provisions for proposals at annual general meetings[156]. - The company has not declared a final dividend for FY2023, consistent with FY2022[172]. Employee Development - The company is committed to employee development, providing internal training and potentially sponsoring external training programs[78]. - The company aims to foster a diverse workforce and provide a nurturing environment for talent development[112]. - The company has taken proactive measures to retain and attract top talent in a competitive market[77].

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，並明確表示不會就因本公告而產生或因依賴本公告而產生的任何損失承擔任何責任。本公告的全部或部分內容 Anacle Systems Limited 安科系統有限公司 * （在新加坡共和國註冊成立的有限公司） 股票代號：8353 年度業績公佈 截至2023年5月31日止年度 Anacle Systems Limited（「公司」）的董事會（「董事會」）（「董事」）欣然宣布本公司及其附屬公司 截至本年度的經審計財務業績2023 年 5 月 31 日。 本公告載有本公司2023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信息有關。本公司2023年年報印刷版將於2023年9月 12日或之前寄發予本公司股東，並可於創業板網站www.hkgem.com及本公司網站www.anacle.com查閱。 根據董事會的命令 Anacle Systems Limited 劉伊浚 執行董事兼首席執行官 新加坡， 2023年9月6日 ...

Revenue Performance - Revenue for the nine months ended February 28, 2023, was SGD 15,601,057, a decrease of 8.2% compared to SGD 18,096,096 for the same period in 2022[13]. - Revenue for Q3 2023 was SGD 7,761,962, an increase of 10.7% compared to SGD 7,008,376 in Q3 2022[15]. - Total revenue for the nine months ended February 28, 2023, was SGD 15,601,057, down from SGD 18,096,096 in the same period of 2022, indicating a decline of 8.2%[15]. - For the nine months ended February 28, 2023, total revenue from external customers was SGD 15,601,057, a decrease of 13.8% compared to SGD 18,096,096 for the same period in 2022[53]. - Simplicity® total revenue for the nine months ended February 28, 2023, was 14,702,333 SGD, a decrease of 15.7% compared to 17,437,013 SGD for the same period in 2022[74]. - Starlight® total revenue rose by 36.4% to 898,724 SGD, with project revenue increasing by 75.1% to 682,067 SGD[78][79]. Profitability and Loss - The company reported a pre-tax loss of SGD 768,235, primarily due to investments aimed at enhancing organizational capabilities, including expanded sales and marketing efforts[13]. - The company reported a profit before tax of SGD 1,827,762 for Q3 2023, compared to a profit of SGD 362,734 in Q3 2022[15]. - Total comprehensive loss for the nine months ended February 28, 2023, was SGD 800,234, compared to a profit of SGD 2,303,666 for the same period in 2022[15]. - The company recorded a pre-tax loss of SGD 768,235 for the nine months ended February 28, 2023, compared to a profit of SGD 2,311,398 in the previous year[93]. Gross Profit and Margins - Gross profit for the same period was SGD 7,419,663, slightly down from SGD 7,448,770, with an overall gross margin improvement attributed to increased recurring revenue from the Simplicity® segment[13]. - Gross profit for Q3 2023 was SGD 4,870,072, significantly higher than SGD 2,325,248 in Q3 2022, reflecting a gross margin improvement[15]. - The company experienced a 0.4% decrease in gross profit margin despite a slight decline in total gross profit, indicating improved operational efficiency[13]. - The overall gross margin for the group remained stable, with Simplicity® gross margin at 47.6%, up from 41.7% year-on-year[88]. Expenses and Costs - Total employee expenses for the nine months ended February 28, 2023, were SGD 3,336,258, up from SGD 2,160,181 in the previous year, indicating a significant increase of 54.3%[55]. - Sales and marketing expenses increased by 74.1%, amounting to SGD 843,055, driven by increased activities in local and new target markets in Australia[90]. - Administrative expenses rose by 34.2%, or SGD 1,125,733, primarily due to investments aimed at enhancing service delivery and increasing personnel costs[91]. - Financing costs increased to SGD 54,182 for the nine months ended February 28, 2023, compared to SGD 47,629 in the previous year, representing a rise of 13.0%[55]. Strategic Initiatives and Investments - The company continues to invest in strategic initiatives to drive growth and market expansion despite current financial challenges[13]. - The company plans to continue investing in R&D to enhance its software solutions and expand its market presence[15]. - The company is focusing on enhancing security governance and control measures to achieve SOC 2 compliance, alongside increased R&D efforts for the Simplicity® software product[13]. - The company is committed to enhancing its Simplicity® and Starlight® products by continuously adding new features and improving software frameworks[92]. Market and Customer Insights - The company noted that the overall economic slowdown impacted revenue from the Simplicity® business, but this was offset by increased demand for Starlight® energy-saving technologies[13]. - Major customer A's revenue dropped to SGD 2,316,096 for the nine months ended February 28, 2023, down from SGD 7,572,234 in the previous year, a decline of 69.5%[58]. - The company aims to expand its market presence across various sectors, including commercial real estate, education, healthcare, government, utilities, and oil and gas[70]. Dividends and Shareholder Returns - The board has not declared any dividends for the nine months ended February 28, 2023, consistent with the previous year[13]. - No dividends were declared for the nine months ending February 28, 2023, consistent with the previous year[106]. Accounting and Financial Reporting - The company reported a comprehensive financial statement for Q3 2023, detailing its control over subsidiaries and the accounting treatment of lease liabilities and right-of-use assets[28]. - The company recognizes contract balances related to ongoing system integration contracts under "contract assets" or "contract liabilities" in the financial position statement[38]. - The company confirms that there are no significant financing components in its revenue recognition processes[41].

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。 Anacle Systems Limited 安科系統有限公司* 安科系統 (於新加坡共和國註冊成立的有限公司) (股份代號: 8353) 有限公司 第三季度業績公佈 截至2023年2月28日九個月 安科系統有限公司(「本公司」)董事會(「董事」)宣布本公司及其附屬公司(「本集團」)截至 2023年2月28 日九個月之未經審核簡明綜合財務業績。本公告載有全文本公司之2023年第三季度報告，符 合聯交所有關 創業板上市規則(「創業板」)有關第三季度初步公佈之資料之相關規定結果。本 公司第2021三年第三季季度度報告報的 告 印刷版本將提交本公司股東，並可於聯交所網站www.hkexnews.hk 及本公司網站www.anacle.com於或之 前 2023年4月15日。 2 0 按董事會的命令新加坡, 安科系統有限公司 2 3 劉伊浚 集團首席執行官兼執行董事 新加坡，2023年4月4日 ...

Financial Performance - Revenue for the six months ended November 30, 2022, was SGD 7,839,095, a decrease of 29.3% compared to SGD 11,087,720 in the same period of 2021[13] - Gross profit for the same period was SGD 2,549,591, down from SGD 5,123,522, resulting in a gross margin decline from 46.8% to 31.4% for the Simplicity® business[13] - The company reported a pre-tax loss of SGD 2,595,997, attributed to increased investment in sales, marketing, and R&D activities[13] - Revenue for the three months ended November 30, 2022, was SGD 3,190,805, a decrease of 51.1% compared to SGD 6,540,116 in the same period of 2021[15] - The company reported a net loss of SGD 2,210,417 for the three months ended November 30, 2022, compared to a profit of SGD 1,399,781 in the same period of 2021[15] - The company reported a net loss of SGD 2,595,755 for the six months ended November 30, 2022, resulting in a basic loss per share of SGD 0.64, compared to a profit of SGD 1,949,053 and earnings per share of SGD 0.48 in the same period of 2021[73] - The group reported a 29.3% decrease in total revenue to 7,839,095 SGD, primarily due to a decline in Simplicity® project revenue[129] Segment Performance - The subscription numbers for the utility billing business have rebounded, and demand for the Starlight® energy-saving technology increased, partially offsetting the revenue decline in the Simplicity® segment[13] - The gross margin for Starlight® improved from 31.9% to 47.5% due to price adjustments and rising energy prices[13] - Simplicity® total revenue for the six months ended November 30, 2022, was SGD 7,311,910, a decrease from SGD 10,653,617 for the same period in 2021[120] - Project revenue decreased to SGD 3,459,405, down from SGD 7,423,986 in the previous year, reflecting a decline in IT spending in the public sector due to fiscal tightening measures[120] - Maintenance service revenue increased by 26.9% to SGD 2,684,967, compared to SGD 2,115,934 in the previous year[121] - Starlight® total revenue increased by 21.4% to 527,185 SGD, with project revenue rising by 70.5% to 386,367 SGD[123] Expenses and Costs - Research and development expenses increased to SGD 1,343,516 for the six months ended November 30, 2022, up 138.0% from SGD 562,444 in the previous year[15] - Employee benefits expenses increased to SGD 2,049,922 for the six months, up from SGD 1,241,110 in the previous year[60] - Administrative expenses rose by 38.7% to 2,763,249 SGD, mainly due to increased employee costs and expansion into the Australian market[133] - Sales and marketing expenses surged by 99.6% to 1,327,053 SGD, driven by increased activities in local and Australian markets[134] Cash Flow and Assets - Cash and cash equivalents at the end of the period were SGD 9,328,180, a decrease of 40.9% from SGD 15,770,924 at the beginning of the period[21] - Total assets decreased to SGD 14,639,534 as of November 30, 2022, down from SGD 21,427,894 as of May 31, 2022[17] - The company’s total equity decreased to SGD 13,821,325 as of November 30, 2022, compared to SGD 16,438,275 as of May 31, 2022[17] - Operating cash flow for the six months ended November 30, 2022, was negative at SGD (5,919,615), compared to positive SGD 3,962,363 in the same period of 2021[21] Corporate Governance and Compliance - The company has complied with the corporate governance code from the listing date to the announcement of the financial results[155] - The audit committee was established on November 24, 2016, and consists of two independent non-executive directors and one non-executive director, with the main responsibilities including reviewing financial statements and overseeing risk management[157] Future Outlook - Future outlook indicates a focus on expanding sales and marketing efforts, as well as increasing R&D investments[13] - The company plans to strengthen sales and marketing efforts in Southeast Asia, Australia, New Zealand, and East Asia following the opening of its Australian office[127] - The demand for Simplicity® SaaS delivery is increasing, which is expected to improve recurring revenue prospects in the Southeast Asian market[126] Shareholder Information - As of November 30, 2022, the total issued shares of the company were approximately 402,900,738[140] - Liu Yijun holds 45,572,000 shares, representing 11.31% of the company's total issued shares[140] - Wang Ruixing holds 22,750,000 shares, representing 5.65% of the company's total issued shares[140] - Professor Huang Baojin holds 22,993,900 shares, representing 5.71% of the company's total issued shares[140] - Majuven Fund 1 Ltd. holds 36,528,219 shares, representing 9.07% of the company's total issued shares[142] - OWW Investments III Limited holds 20,873,307 shares, representing 5.18% of the company's total issued shares[142] - Keppel Corporation Limited holds 36,723,000 shares, representing 9.11% of the company's total issued shares[142]

Revenue Performance - Revenue for Q1 2023 reached 4,648,290 SGD, representing a 2.2% increase compared to 4,547,604 SGD in the same period last year[12]. - Total revenue for the three months ended August 31, 2022, was S$4,648,290, compared to S$4,547,604 in the same period of 2021, representing an increase of approximately 2.2%[13]. - In Q1 2023, revenue from external customers for Simplicity was SGD 4,386,364, compared to SGD 4,385,835 in 2022, while Starlight generated SGD 261,926, up from SGD 161,769 in 2021, totaling SGD 4,648,290 against SGD 4,547,604 in the previous year[51]. - The overall group revenue rose by 2.2% to 4,648,290 SGD from 4,547,604 SGD in the previous year, with Starlight® contributing 100,157 SGD to this growth[73]. Segment Performance - Starlight® business segment experienced a revenue growth of 61.9% due to increased demand for energy-saving technology[12]. - Simplicity® total revenue for the three months ended August 31, 2022, was 4,386,364 SGD, a slight increase of 0.0% compared to 4,385,835 SGD for the same period in 2021[66]. - Starlight® total revenue increased by 61.9% to 261,926 SGD from 161,769 SGD year-over-year, driven by a significant rise in project revenue[69][70]. - Project revenue for Starlight® surged by 132.7%, reaching 194,205 SGD, compared to 83,448 SGD in the previous year[69][70]. - Simplicity® recurring maintenance service revenue grew by 38.7%, reflecting a larger customer base[67]. - Simplicity® subscription revenue increased by 2.2%, totaling 501,432 SGD, compared to 490,503 SGD in the prior year[66][68]. Financial Losses - The company reported a pre-tax loss of 388,742 SGD primarily due to investments in expanding sales and marketing, and increasing R&D for Simplicity®[12]. - The company reported a loss before tax of S$388,742 for the three months ended August 31, 2022, compared to a profit of S$548,883 in the same period of 2021[13]. - The group recorded a pre-tax net loss of SGD 388,742 for the three months ended August 31, 2022, compared to a net profit of SGD 548,883 for the same period in 2021[78]. - Total comprehensive loss for the period was S$386,661, compared to a comprehensive income of S$547,471 in the previous year[13]. Expenses and Costs - Gross margin decreased by 3.7%, with Simplicity® gross margin dropping from 46.7% to 43.4%, while Starlight® gross margin increased from 25.8% to 41.5%[12]. - Administrative expenses rose to S$1,317,916 from S$959,822, marking an increase of approximately 37.3%[13]. - Employee costs, including directors' remuneration, amounted to SGD 3,417,801 for the three months ended August 31, 2022, up from SGD 2,614,161 in 2021, reflecting a year-on-year increase of 30.7%[55]. - Selling and distribution costs of S$632,171, which is an increase from S$354,151 in the same period last year[13]. - Sales and marketing expenses increased by 78.5%, amounting to SGD 278,020, primarily due to a 86.1% rise in sales and marketing activities in local and new target markets[77]. Research and Development - Research and development expenses increased significantly to S$601,272 from S$251,805, reflecting a rise of approximately 138.2%[13]. - Research and development costs are focused on enhancing existing products and improving security features, with a significant emphasis on cloud computing to address higher information security risks[79]. - The company aims to improve the security features of its Simplicity® product as part of its fiscal year focus[79]. Shareholder Information - As of August 31, 2022, the total number of issued shares was 402,900,738, with key shareholders holding significant stakes, including 11.31% by Liu Yijun and 5.65% by Wang Ruixing[81]. - Majuven Fund 1 Ltd. holds approximately 9.07% of the company's shares, indicating strong institutional interest[82]. Dividend Policy - The board has not declared any dividends for the three months ending August 31, 2022[12]. - The company has not declared any dividends for the three months ended August 31, 2022, maintaining a zero dividend policy similar to the previous year[58]. - The board has decided not to declare any dividends for the three months ending August 31, 2022, consistent with the previous year[92]. Lease and Revenue Recognition - The company capitalizes all leases as right-of-use assets and lease liabilities, with the option to not capitalize short-term leases and low-value asset leases[25]. - Revenue from contracts with customers is recognized when control of goods or services is transferred, excluding amounts collected on behalf of third parties[32]. - Revenue from enterprise application software and energy management solutions is recognized based on the percentage of completion method, with invoicing typically occurring within 90 days[33]. - Maintenance service revenue is recognized over time as customers simultaneously receive and consume benefits, with invoicing typically occurring monthly[35]. - Hardware sales revenue is recognized when the customer takes possession and accepts the product, with invoicing typically occurring within 30 days[36]. - Rental income from leasing hardware is recognized on a straight-line basis over the lease term[38]. Market Expansion - The company has expanded its market presence across various regions, including Singapore, Thailand, Malaysia, and China, targeting multiple industries such as commercial real estate and healthcare[62]. - The company plans to enhance sales and marketing efforts in Southeast Asia, Australia, New Zealand, and East Asia following the establishment of an office in Australia[72]. Audit and Compliance - The audit committee, established on November 24, 2016, is responsible for overseeing the external auditor's appointment and reviewing financial statements, although the Q1 2023 financial statements were not audited[94].

Financial Performance - Anacle Systems reported revenue of SGD 23.2 million for the fiscal year ending May 31, 2022, an increase from SGD 22.1 million in the previous fiscal year, representing a growth of 5%[10] - The net profit after tax for 2022 was SGD 2.3 million, up from SGD 2.1 million in 2021, indicating a growth of approximately 9.5%[10] - Total revenue for 2022 reached SGD 23.24 million, an increase of 4.86% from SGD 22.17 million in 2021[22] - Gross profit for 2022 was SGD 9.52 million, up from SGD 9.02 million in 2021, reflecting a gross margin of 40.9%[22] - Adjusted EBITDA for 2022 was SGD 3.69 million, compared to SGD 4.06 million in 2021, indicating a decrease of 9.2%[22] - The company reported a pre-tax adjusted profit of SGD 2.20 million for 2022, slightly up from SGD 2.17 million in 2021[22] - The gross margin improved from 38.1% in 2021 to 41.1% in 2022, attributed to increased employee productivity[11] - The company maintained a strong recurring revenue base despite global economic uncertainties and inflation pressures[24] Revenue Breakdown - Revenue from the Simplicity® software division grew by 13.5%, reaching SGD 21 million in 2022, compared to SGD 18.5 million in 2021[11] - Revenue from the myBill® utility revenue assurance platform decreased by 44.8%, from SGD 1.7 million in 2021 to SGD 0.9 million in 2022[11] - The Starlight® smart utility management solution's revenue fell by 43.3%, from SGD 1.7 million in 2021 to SGD 1 million in 2022[11] - Simplicity® business solutions generated revenue of SGD 14.16 million, representing a 17.8% increase from SGD 12.02 million in 2021[22] - Total revenue for Starlight® decreased by 43.3% to SGD 962,488 in the fiscal year ending May 31, 2022, down from SGD 1,698,505 in 2021[43] - Recurring revenue for Starlight® was SGD 184,579, a decline from SGD 320,160 in 2021, indicating a drop of 42.4%[43] Cash Flow and Financial Position - As of May 31, 2022, Anacle Systems has accumulated cash reserves of SGD 15.8 million from operations, indicating strong cash flow[17] - The company reported a cash balance of 15,770,924 SGD, significantly up from 8,176,761 SGD in the previous year, improving liquidity[72] - The net current assets increased to 14,565,631 SGD from 11,804,630 SGD, indicating a stronger financial position[72] - The total equity rose to 16,438,275 SGD, up from 14,078,044 SGD, primarily due to the net profit for the year[72] - The company had no significant investments, acquisitions, or disposals of subsidiaries during the fiscal year[74] - As of May 31, 2022, the group had no bank borrowings, maintaining a debt-free status[186] Operational Challenges - Starlight® smart utility management solutions faced challenges, with revenue impacted by regulatory difficulties and high energy prices[24] - The company faced challenges in maintaining profit margins due to inflation-related material and subcontracting cost increases[55] - myBill® revenue decreased by 44.8% or SGD 748,479 due to the sudden closure of iSwitch Energy in November 2021[40] Employee and Management - The company has a team of over 100 professionals focused on developing innovative solutions for the real estate and utility management sectors[24] - Employee compensation increased to 2,628,909 SGD, reflecting a 4.2% rise from 2,523,605 SGD in the previous year, driven by competitive IT talent recruitment[65] - The company employed 151 staff as of May 31, 2022, with total employee compensation amounting to 12.6 million SGD, an increase from 11.1 million SGD for 129 employees in 2021[87] Corporate Governance - The company reported compliance with all applicable corporate governance code provisions for the fiscal year ending May 31, 2022[110] - The board consists of eight members, with over 60% being non-executive and independent non-executive directors, ensuring strong independent judgment[116] - The company aims to enhance shareholder value through robust corporate governance practices[109] - The company adhered to the corporate governance code by separating the roles of Chairman and CEO, with Mr. Li Quanxiang as Chairman and Mr. Liu Yijun as CEO for the fiscal year 2022[123] Future Outlook and Strategy - The company plans to cautiously manage cash and investment activities amid ongoing global economic uncertainties[17] - The company plans to strengthen sales and marketing efforts in Southeast Asia, Australia, and New Zealand starting in FY2023[28] - The company aims to capture a significant share of Singapore's next-generation metering infrastructure with Starlight® and Tesseract®[28] - The company expects myBill® to recover in FY2023 with the launch of billing services on the myBill® platform[28] - The company is investing in R&D for new technologies, with a budget allocation of D million, focusing on E innovations[95] Risk Management - The company is actively monitoring foreign exchange risks, particularly related to cash held in HKD and RMB, although it does not currently use financial instruments to hedge these risks[78] - The company faces risks related to seasonal fluctuations, with lower sales typically recorded from June to November each year[84] Shareholder Communication - The company aims to enhance investor relations and communication to ensure timely access to information for investors[174] - The company has adopted a shareholder communication policy to ensure equal and timely access to information for shareholders[170] - The upcoming annual general meeting is scheduled for September 30, 2022, with a registration suspension period from September 27 to September 30, 2022[183]

Revenue and Profitability - Revenue for the nine months ended February 28, 2022, was SGD 18,096,096, an increase of 26.8% compared to SGD 14,266,120 for the same period in 2021[17]. - Gross profit increased to SGD 7,448,770, representing a 34.0% increase from SGD 5,556,929 year-on-year[18]. - The Simplicity business segment saw a revenue growth of 38.7%, contributing an additional SGD 4,542,004, driven by public sector investments in smart technology[17]. - The myBill segment experienced a revenue decline of 27.4%, losing SGD 333,035 due to the sudden closure of a major client[17]. - Starlight's revenue decreased by 39.4%, amounting to a loss of SGD 428,814, attributed to reduced demand amid COVID-19 and regulatory changes[17]. - SpaceMonster's subscription revenue grew by 20.6%, adding SGD 49,821 as more venues joined the platform[17]. - The company reported a profit before tax of SGD 2,311,398 for the nine months ended February 28, 2022, compared to SGD 1,876,666 for the same period in 2021, marking a 23.1% increase[22]. - Basic earnings per share for the nine months ended February 28, 2022, was SGD 0.57, up from SGD 0.47 in the previous year, reflecting a 21.3% increase[22]. - The total comprehensive loss for the period was SGD 2,303,666, compared to a loss of SGD 1,875,166 in the previous year[22]. Expenses and Costs - The increase in gross profit was primarily due to revenue growth offsetting increased labor-related costs, which rose by 71.9% across all business segments[18]. - Pre-tax profit increased due to revenue growth, which offset the rise in selling, marketing, and general administrative expenses[18]. - The company faced challenges in employee retention, leading to higher payroll and outsourcing costs[18]. - Administrative expenses rose by 22.3% to 3,293,482 SGD, primarily due to increased employee costs[119]. - The total employee costs for the nine months ended February 28, 2022, were SGD 9,373,038, compared to SGD 7,254,865 in the previous year, reflecting an increase of about 29%[81]. - Financing costs for the nine months ended February 28, 2022, were SGD 47,629, compared to SGD 37,524 in the previous year, which is an increase of approximately 27%[80]. Segment Performance - Revenue from external customers for the Simplicity and MyBill.sg segments reached SGD 17,145,049, up from SGD 12,936,080 in the previous year, representing a growth of approximately 32.5%[69]. - The total revenue from the Starlight segment was SGD 659,083, compared to SGD 1,087,897 in the previous year, indicating a decline of about 39.4%[69]. - The reported segment profit for Simplicity and MyBill.sg was SGD 6,021,440, an increase from SGD 4,075,815, which is a growth of about 47.9%[69]. - Simplicity total revenue increased by 38.7% to SGD 16,263,814 for the nine months ended February 28, 2022, compared to SGD 11,721,810 for the same period in 2021[92]. - Project revenue for Simplicity grew by 47.9%, driven by the delivery of smart property management systems for the Housing Development Board of Singapore and commercial property management systems for Charoen Pokphand Group in Thailand[93]. - Starlight project revenue fell by 47.8%, significantly impacted by COVID-19 and new rental regulations in Singapore[100]. - Maintenance service revenue for Starlight decreased by 41.4%, reflecting the negative impact of reduced project income[100]. Financial Management and Reporting - The financial statements were prepared in accordance with International Financial Reporting Standards (IFRS), ensuring compliance and transparency[31]. - The group has adjusted the financial statements of subsidiaries to align accounting policies with other members of the group[33]. - The group recognizes rental liabilities as the present value of unpaid lease payments[42]. - Revenue from operating leases is recognized on a straight-line basis over the lease term[49]. - The group assesses control over subsidiaries based on the ability to influence returns and risks associated with those investments[39]. - The company has a systematic approach to recognizing government grants, confirming them when there is reasonable assurance of receipt and compliance with conditions[60]. Shareholder Information - The number of issued ordinary shares increased from 397,880,496 as of May 31, 2021, to 402,900,738 as of February 28, 2022[85]. - Liu Yijun holds 45,572,000 shares, representing 11.31% of the total issued shares as of February 28, 2022[124]. - Wang Ruixing holds 22,750,000 shares, representing 5.65% of the total issued shares as of February 28, 2022[124]. - BAF Spectrum Pte. Ltd. owns 28,698,162 shares, accounting for 7.12% of the total issued shares[127]. - Majuven Fund 1 Ltd. holds 36,528,219 shares, which is 9.07% of the total issued shares[127]. - OWW Investments III Limited owns 20,873,307 shares, representing 5.18% of the total issued shares[127]. - Keppel Corporation Limited holds 36,723,000 shares, accounting for 9.11% of the total issued shares[127]. - The company has adopted two pre-IPO share option plans to incentivize management and key personnel[131]. - A total of 4,075,390 options have been granted to four senior management personnel, which are exercisable[131]. - No share options have been granted, exercised, or canceled under the post-IPO share option plan since its adoption[132]. Dividends and Other Income - The company has not declared any dividends for the nine months ended February 28, 2022, consistent with the previous year[20]. - The company recorded other income of SGD 90,587 for the nine months ended February 28, 2022, down from SGD 717,157 in the previous year, indicating a decline of about 87%[71]. Market and Future Outlook - The company is focused on software development and providing enterprise application solutions, indicating potential for future growth in these areas[28]. - The company remains cautiously optimistic about Simplicity and SpaceMonster despite geopolitical uncertainties affecting market recovery[107].

Revenue and Profitability - Revenue for the six months ended November 30 was SGD 11,087,720, an increase of 8.3% from SGD 10,240,167 in the previous year[12] - Gross profit increased by 25.5% to SGD 5,123,522, driven by revenue growth despite a 7.8% increase in employee-related costs[14] - Pre-tax profit decreased slightly by SGD 13,711 due to rising employment-related costs offsetting revenue increases[15] - The Simplicity business unit saw a revenue increase of 11.2% or SGD 968,988, attributed to public sector investments in smart technology[13] - The myBill segment contributed a revenue growth of 5.7% or SGD 43,599[13] - Starlight's revenue declined by 31.8% or SGD 202,747 due to demand slowdown and regulatory changes affecting power resale profits[13] - SpaceMonster's revenue increased by 24.2% or SGD 37,713, driven by a growing number of subscriptions[13] - Total revenue from external customers reached SGD 11,087,720 for the six months ended November 30, 2021, compared to SGD 10,240,167 in the same period of 2020, representing an increase of approximately 8.3%[59] - Reported segment profit for Simplicity and MyBill.sg was SGD 4,200,734 for the six months ended November 30, 2021, up from SGD 3,195,343 in the same period of 2020, indicating a growth of about 31.5%[59] Financial Position - Total assets as of November 30, 2021, were SGD 23,312,621, compared to SGD 23,224,204 as of May 31, 2021, indicating a slight increase[21] - Total liabilities as of November 30, 2021, were SGD 7,286,836, compared to SGD 9,146,160 as of May 31, 2021, showing a decrease[21] - The total assets of the reportable segments amounted to SGD 7,063,675 as of November 30, 2021, compared to SGD 9,830,430 as of May 31, 2021, reflecting a decrease of approximately 28.3%[61] - Total liabilities for the reportable segments decreased to SGD 2,363,843 as of November 30, 2021, from SGD 2,900,200 as of May 31, 2021, showing a reduction of approximately 18.5%[61] Cash Flow and Earnings - Net cash generated from operating activities for the six months ended November 30, 2021, was SGD 4,250,384, down from SGD 5,872,610 in the previous year[24] - Basic earnings per share for the six months ended November 30, 2021, were SGD 0.34, down from SGD 0.49 in the same period of 2020[18] - The company reported a total comprehensive loss of SGD 1,400,284 for the six months ended November 30, 2021, compared to a loss of SGD 1,959,813 in the same period of 2020[18] - The company reported a total comprehensive income of SGD 1,399,781 for the three months ended November 30, 2021, compared to SGD 1,478,270 in the same period of 2020, representing a decline of about 5.3%[61] Expenses and Costs - Overall sales costs increased by 7.8% due to human resource costs, but were offset by reduced third-party licensing costs and amortization expenses[14] - Administrative expenses rose by 20.0% to SGD 1,991,895, primarily due to increased employee costs and depreciation[146] - The company continues to face challenges related to employee retention impacting labor costs[14] Future Outlook - Future outlook remains cautious due to ongoing market conditions and regulatory impacts on certain business segments[13] - The company anticipates a significant decline in myBill's subscription revenue in the coming months due to the cessation of operations by its major customer, iSwitch Pte Ltd[142] Segment Performance - Simplicity total revenue increased by 11.2% from SGD 8,678,395 to SGD 9,647,383 for the six months ended November 30, 2021[127] - Project revenue for Simplicity grew by 8.8% from SGD 6,802,803 to SGD 7,403,986, driven by the delivery of smart real estate management systems[128] - Maintenance service revenue for Simplicity rose by 17.7% from SGD 1,797,952 to SGD 2,115,747[128] - Starlight total revenue decreased by 31.8% from SGD 636,850 to SGD 434,103 for the six months ended November 30, 2021[129] - Starlight project revenue fell by 50.2% from SGD 454,720 to SGD 226,576, primarily due to reduced demand from the COVID-19 pandemic[130] - myBill total revenue increased by 5.7% from SGD 768,998 to SGD 812,597, with subscription revenue rising to SGD 792,597[132] - SpaceMonster revenue grew by 24.2% from SGD 155,924 to SGD 193,637, reflecting healthy demand for venue sharing services[136] Corporate Governance - The company emphasizes strong corporate governance to enhance shareholder value and ensure effective accountability[167] - Anacle Systems Limited's audit committee was established on November 24, 2016, consisting of two independent non-executive directors and one non-executive director[172] - The audit committee's main responsibilities include recommending the appointment and removal of external auditors, reviewing financial statements, and overseeing risk management and internal control procedures[172] Shareholder Information - Major shareholders include Huang Yanyan with 45,572,000 shares (11.31%) and Lin Lifang with 22,750,000 shares (5.65%) as of November 30, 2021[156] - BAF Spectrum Pte. Ltd. holds 28,698,162 shares (7.12%) and Majuven Fund 1 Ltd. holds 36,528,219 shares (9.07%) as beneficial interests[156] - Keppel Corporation Limited has a beneficial interest in 36,723,000 shares (9.11%) as of November 30, 2021[156]