Financial Performance - The group's revenue decreased by approximately 45.1%, from about HKD 27.3 million for the six months ended June 30, 2023, to about HKD 15.0 million for the same period in 2024[13]. - Revenue for the six months ended June 30, 2024, was HKD 15,046,000, a decrease of 44.5% compared to HKD 27,278,000 in 2023[33]. - The design and renovation segment generated revenue of HKD 14,250 thousand, down 44.4% from HKD 25,618 thousand in the previous year[48]. - The loss for the six months ended June 30, 2024, was approximately HKD 5.3 million, compared to a loss of about HKD 13.2 million for the same period in 2023[18]. - Net loss attributable to shareholders was HKD 5,879,000, compared to a loss of HKD 12,322,000 in 2023, indicating a significant reduction in losses[35]. - The company reported a basic loss per share of HKD 1.63, improved from HKD 3.42 in the previous year[35]. - The company’s total comprehensive income for the six months ended June 30, 2024, was HKD (5,397,000)[39]. Expenses and Costs - The cost of sales and services decreased by approximately 57.5% to about HKD 9.1 million for the six months ended June 30, 2024[14]. - Administrative expenses were approximately HKD 13.7 million for the six months ended June 30, 2024, down from HKD 20.4 million in the same period of 2023, a reduction of about HKD 6.7 million[15]. - Total expenses decreased from HKD 7,232 million in the first half of 2023 to HKD 4,888 million in the first half of 2024, a reduction of 32.4%[63]. Assets and Liabilities - As of June 30, 2024, the company's equity was approximately HKD 36.03 million, with a negative retained earnings of HKD 5.72 million[19]. - Total assets decreased to HKD 43,769,000 from HKD 49,358,000 as of December 31, 2023[36]. - The debt-to-asset ratio as of June 30, 2024, was approximately 75.5%, up from 64.5% as of December 31, 2023, primarily due to increases in payables and a decrease in cash and cash equivalents[21]. - The company recorded a net liability of approximately HKD 5,397,000 as of June 30, 2024[43]. Cash Flow - As of June 30, 2024, the group's unencumbered bank balance and cash amounted to approximately HKD 9.4 million, a decrease of about 64.1% from HKD 26.2 million as of December 31, 2023[20]. - Cash and cash equivalents dropped to HKD 9,373,000 from HKD 26,176,000, reflecting a liquidity challenge[36]. - For the six months ended June 30, 2024, the net cash used in operating activities was HKD (14,125,000), compared to HKD (4,562,000) for the same period in 2023[40]. - The net cash used in investing activities was HKD (2,180,000) for the six months ended June 30, 2024, compared to HKD (109,000) in 2023[41]. - The net cash used in financing activities was HKD (496,000) for the six months ended June 30, 2024, compared to HKD 3,291,000 in 2023[41]. Investments and Acquisitions - The company acquired property, plant, and equipment at a cost of approximately HKD 138 million during the period, a significant decrease from HKD 1,510 million in the same period of 2023[70]. - The acquisition of Qian Duo Duo Credit Limited was completed on January 4, 2024, for a total cash consideration of HKD 400,000, aiming to expand future revenue streams[103]. - The acquisition of Xingyu Design Engineering Limited was completed on March 19, 2024, for a total cash consideration of HKD 40,000, enhancing the company's interior design and renovation solutions[107]. - The company sold another subsidiary, Chuan Cheng Global Asset Management Limited, for approximately HKD 639,000, with a net gain of HKD 448,000 after costs[115]. Shareholder and Equity Information - The company has a total issued and paid-up share capital of 1,000,000,000 ordinary shares with a par value of HKD 100,000,000 as of June 30, 2024[86]. - The 2016 share option scheme was terminated on October 20, 2023, but any unexercised options will remain valid[87]. - The newly adopted 2023 share option scheme allows for a maximum of 10% of the total issued shares to be granted as options[88]. - The maximum number of options granted to any participant in a 12-month period cannot exceed 1% of the total issued shares[90]. Management and Governance - The board is optimistic about the prospects of the Hong Kong listed equity securities market, believing that the new business will enhance financial performance and shareholder value[11]. - The company has complied with all corporate governance codes as per GEM Listing Rules Appendix 15 during the six months ended June 30, 2024[130]. - The audit committee has reviewed the unaudited financial information and interim report for the six months ending June 30, 2024[133]. Risks and Challenges - The group faces significant risks including the inability to secure new contracts, reliance on management performance, and potential supplier issues[120]. - The company aims to actively monitor its performance and implement appropriate strategies in response to the unstable economic conditions[11].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 除二零二三年年度業績公告及二零二三年年報中所披露之資料外，本公司董事 （「董事」）會（「董事會」）謹此向本公司股東及潛在投資者提供有關本公司核數師 （「核數師」）對本集團二零二三財年綜合財務報表所發表保留意見的額外資料。 有關截至二零二三年十二月三十一日止年度 年度業績公告及年報之補充公告 – 1 – 下文載列有關停止綜合入賬（「停止綜合入賬」）ACE Architectural and Interior Design Limited（「ACE」）背景的額外資料，ACE在停止綜合入賬前為本公司的非全 資附屬公司。 代表ACE的債權人（「呈請人」）行事的律師於二零二三年八月四日首次根據香港法 例第32章公司（清盤及雜項條文）條例的規定向香港特別行政區高等法院（「高等 法院」）原訟法庭提交對ACE進行清盤的清盤呈請（「呈請」），並於二零二三年十月 二十四日修訂並重新提交。 於二零二三年十月三十日，ACE的單 ...

Share Option and Award Schemes - The total number of share options available for grant under the 2023 Share Option Scheme and the Share Award Scheme as of December 31, 2023, is 36,027,400 shares, accounting for 10% of the company's total issued share capital[6]. - No share awards were granted, vested, cancelled, or lapsed under the Share Award Scheme during the fiscal year 2023[6]. - The maximum number of shares that can be granted to any selected participant under the Share Award Scheme is limited to 1% of the company's issued share capital[7]. - The 2023 Share Option Scheme was adopted on October 20, 2023, replacing the 2016 Share Option Scheme[3]. - The vesting period for any awarded shares under the Share Award Scheme must not be less than 12 months[11]. - The total number of share options available for grant under the 2016 Share Option Scheme was 35,536,000 shares at the beginning of the fiscal year 2023[5]. - The company has not issued any unvested award shares as of December 31, 2023[6]. - The board has the discretion to determine the vesting conditions for the share options granted under the 2023 Share Option Scheme[16]. - Any specific purchase price for the awarded shares will be determined by the board or the remuneration committee at the time of grant[14]. Stock Options Granted - A total of 22,116,000 stock options were granted under the 2016 Stock Option Plan during the fiscal year 2023, representing approximately 6.1% of the weighted average number of shares issued during the fiscal year, which was 360,274,000 shares[20]. - 7,200,000 stock options were granted to two directors, 14,400,000 to employees, and 516,000 to service providers, with 186,000 options subsequently canceled[23]. - The fair value of the stock options granted on January 19, 2023, was estimated at HKD 4,297,000, calculated using a binomial option pricing model[24]. - The exercise price for the stock options granted was set at HKD 1.1, with the options exercisable from January 19, 2023, to January 18, 2033[19]. - No performance targets or clawback mechanisms are imposed on the stock options granted, as the Compensation Committee deemed the grants appropriate based on the recipients' contributions to the company[25]. - The stock options granted to directors and employees do not have a minimum vesting period, providing flexibility in incentives and rewards[24]. - The stock options granted to service providers were considered beneficial for the continuity of services provided to the company[22]. - The closing price of the shares on the day prior to the grant date was HKD 1.02 per share[19]. - The company aims to attract and retain top talent through the stock option plan, which is designed to provide additional incentives to qualified participants[24]. Convertible Bond Issuance - The company issued a convertible bond with a principal amount of HKD 5,000,000, maturing on May 21, 2030, at an interest rate of 3%[28]. - The net proceeds from the convertible bond issuance are approximately HKD 4.9 million, intended for general working capital[30]. - The conversion price for the convertible bond is set at HKD 1.80 per share, allowing for the conversion into 2,777,777 new shares[28]. - The net price per share after the bond proceeds is approximately HKD 1.76, based on the net proceeds calculation[28]. - The total par value of the shares upon full conversion is expected to be HKD 277,778[28]. - The market price of the shares on April 13, 2023, was HKD 1.80[28]. - The entire amount of HKD 4.9 million from the bond proceeds has been allocated for general working capital, with no unused balance reported[30].

Financial Performance - The company's revenue decreased by approximately 54.5% from about HKD 140.1 million for the year ended December 31, 2022, to about HKD 63.8 million for the year ended December 31, 2023, primarily due to poor performance in the design and renovation business [13]. - The annual loss for the year ended December 31, 2023, was approximately HKD 17.6 million, compared to a loss of about HKD 20.8 million for the year ended December 31, 2022 [19]. - The company's cash and cash equivalents increased by approximately 114.8% to about HKD 26.2 million as of December 31, 2023, compared to HKD 12.2 million as of December 31, 2022 [23]. - The total sales and administrative expenses increased to approximately HKD 34.1 million for the year ended December 31, 2023, from HKD 31.5 million in the previous year, mainly due to equity-settled share-based payments of about HKD 4.2 million [18]. - The company's equity attributable to owners was approximately HKD 36.03 million as of December 31, 2023, unchanged from the previous year [22]. - The securities investment business did not generate any realized income for the year ended December 31, 2023 [14]. - The design and renovation business remains the primary revenue source for the company, contributing 100% of the total revenue for the year ended December 31, 2023 [16]. - The debt-to-asset ratio as of December 31, 2023, is approximately 64.5%, up from 30.2% on December 31, 2022, primarily due to the issuance of bonds and convertible bonds during the year [24]. Business Strategy and Operations - The company aims to strengthen its customer base in the design and renovation business and will actively seek new orders and clients despite economic uncertainties [11]. - The group generates revenue primarily from two business segments: design and renovation services, and securities investment in Hong Kong-listed equity securities [71]. - The group has maintained strong relationships with clients, including corporate employers and residential property owners, to ensure repeat business and referrals [77]. - The group emphasizes the importance of maintaining good relationships with suppliers to ensure efficient and high-quality completion of renovation projects [78]. - The group values its employees as its most valuable asset and provides a harmonious professional work environment to foster creativity in interior design projects [79]. - The group has allocated sufficient resources and training to ensure compliance with applicable laws and regulations, with no significant violations reported during the year [75]. Corporate Governance - The independent auditor has issued a qualified opinion on the consolidated financial statements for the year ending December 31, 2023, due to the liquidation of a former subsidiary [39]. - The company has received a qualified opinion from auditors regarding the consolidated financial statements for the year ending December 31, 2023, specifically related to the cessation of consolidation for ACE, with an estimated revenue impact of approximately HKD 5,293,000 [40]. - The audit committee has reviewed the details surrounding the qualified opinion and agrees with the management's position and basis regarding the cessation of consolidation [42]. - The company has obtained liability insurance for its directors and senior officers during the year [105]. - The board consists of six directors, including three executive directors and three independent non-executive directors [129]. - The company has maintained a public float of at least 25% of its issued shares in compliance with GEM listing rules [121]. - The company has adhered to all corporate governance codes as outlined in GEM listing rules Appendix 15 [128]. - The remuneration of directors is determined based on recommendations from the remuneration committee and the company's performance [109]. - The company has established a nomination policy to ensure that appointed directors possess relevant business, financial, and management skills [164]. Risk Management - The company faced significant risks including reliance on management performance and supplier reliability, which could impact financial performance [86]. - The board has established a risk management culture and appetite, regularly assessing and monitoring the risk levels undertaken by the group [188]. - The group conducts annual risk assessments to identify potential strategic, operational, financial, and compliance risks, analyzing and ranking them based on likelihood and impact [190]. - The audit committee assists the board in managing and overseeing the risk management and internal control systems, with independent professional advisors conducting annual reviews [189]. - The board confirmed the effectiveness of the risk management and internal control systems as of December 31, 2023, meeting the requirements of the GEM listing rules [191]. Shareholder Information - The company did not recommend a final dividend for the year, consistent with the previous year where no dividend was paid [83]. - The company reported a total reserve available for distribution of zero HKD as of December 31, 2023, unchanged from the previous year [91]. - Major shareholders accounted for 29.1% of total purchases, with the largest supplier contributing 9.5% [94]. - Major customers represented 39.1% of total sales, with the largest customer contributing 11.5% [94]. - The company made charitable donations totaling 10,000 HKD during the year, a decrease from 17,000 HKD in the previous year [92]. Board Activities - The company held a total of 15 board meetings during the year ending December 31, 2023 [138]. - All independent non-executive directors confirmed their independence status throughout the year [133]. - The Audit Committee held five meetings during the year to review the company's annual, interim, and quarterly reports, providing recommendations for board approval [154]. - The Remuneration Committee reviewed and approved the remuneration policies for executive directors and senior management, ensuring transparency in the process [158]. - The Nomination Committee conducted a review of the current board structure and diversity policy, assessing the independence of non-executive directors [162]. Compliance and Training - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM Listing Rules [148]. - All directors participated in continuous professional development through seminars and internal briefings to enhance their understanding of responsibilities [151]. - The company secretary has completed over 15 hours of professional training to update skills and knowledge in compliance with corporate governance codes [197]. - The company ensures that all directors receive appropriate training upon their appointment to understand the business and regulatory obligations [149].

Financial Performance - The company's revenue decreased by approximately 54.5%, from about HKD 140.1 million for the year ended December 31, 2022, to about HKD 63.8 million for the year ended December 31, 2023[18]. - The design and renovation business generated total revenue of HKD 63.8 million for the year ended December 31, 2023, compared to HKD 140.1 million for the year ended December 31, 2022[21]. - The securities investment business did not generate any realized revenue for the year ended December 31, 2023[19]. - The loss for the year ended December 31, 2023, was approximately HKD 17.6 million, compared to a loss of HKD 20.8 million for the year ended December 31, 2022[24]. - The group's cost of sales and services decreased by approximately 61.1% to about HKD 48.6 million for the year ended December 31, 2023, compared to the previous year[22]. - Selling and administrative expenses increased to approximately HKD 34.1 million for the year ended December 31, 2023, up from HKD 31.5 million in 2022, primarily due to equity-settled share-based payments of about HKD 4.2 million[23]. - The group's cash and cash equivalents increased by approximately 114.8% to about HKD 26.2 million as of December 31, 2023, compared to HKD 12.2 million in 2022[28]. - The debt-to-asset ratio increased to approximately 64.5% as of December 31, 2023, from 30.2% in the previous year, primarily due to the issuance of bonds and convertible bonds[29]. Business Outlook and Strategy - The management remains optimistic about the long-term prospects of the design and renovation business despite economic uncertainties[16]. - The company plans to continue seeking new orders and clients to strengthen its customer base in the design and renovation sector[16]. - The board is optimistic about the prospects of the Hong Kong listed equity securities market, believing that the new business will enhance the company's financial performance and shareholder value[16]. - The company will actively monitor its performance and implement appropriate strategies in response to adverse economic conditions[16]. - The securities investment business was established during the year ended December 31, 2023, with a focus on seeking capital appreciation and cash flow returns in the Hong Kong equity securities market[15]. Corporate Governance and Compliance - The management is committed to ensuring the accuracy and completeness of the information provided in the financial report[5]. - The company has maintained compliance with relevant laws and regulations, with no significant violations reported during the year[80]. - The independent auditor expressed a qualified opinion on the consolidated financial statements for the year ended December 31, 2023, due to insufficient audit evidence regarding the cessation of consolidation of ACE[44]. - The board of directors is seeking legal advice to determine actions to be taken regarding the liquidation order to protect the interests of the company and its shareholders[50]. - The audit committee has reviewed the details of the qualified opinion and agrees with the management's position regarding the cessation of consolidation[47]. - The company has adopted a code of conduct for securities trading, ensuring compliance with GEM listing rules[153]. - The company has established a written procedure for directors to seek independent professional advice, with costs covered by the company[142]. - The company has implemented a disclosure policy to ensure timely handling of inside information and to provide guidance for directors and senior management in managing confidential data[199]. Employee and Management Changes - The group employed approximately 39 employees as of December 31, 2023, compared to 38 employees in the previous year[39]. - Mr. Zhong Jiahao was appointed as an executive director on December 6, 2023, with an annual director's fee of HKD 240,000[105]. - Mr. Wang Jianyang resigned as an executive director and CEO on January 3, 2024[106]. - The company is actively seeking a suitable candidate to fill the CEO position following the resignation of Mr. Wang Jianyang on January 3, 2024[135]. Risk Management - The company faces risks related to contract acquisition, management team reliance, and supplier performance[91]. - The company has established a risk management system with key features including risk assessment to evaluate the nature and extent of risks associated with achieving strategic goals[192]. - The board of directors confirmed the effectiveness of the risk management and internal control systems, which meet the current business environment's needs and comply with GEM listing rules[196]. - The company conducts annual risk assessments to identify potential strategic, operational, financial, and compliance risks[195]. Shareholder Information - The company has not declared a final dividend for the year, consistent with the previous year[88]. - The company has zero distributable reserves as of December 31, 2023, unchanged from the previous year[96]. - The major shareholders accounted for 29.1% of total purchases, with the largest supplier contributing 9.5%[99]. - The major customers represented 39.1% of total sales, with the largest customer contributing 11.5%[99]. - As of December 31, 2023, Mr. Chen Hongkai holds 16,469,200 shares and 3,600,000 options, totaling 20,069,200 shares, representing 5.57% of the company[117]. - As of December 31, 2023, the major shareholder, Mr. Lu Yujian, holds 68,496,000 shares, representing 19.01% of the company's issued shares[121]. - The company has maintained a public float of at least 25% of its issued shares as required by GEM listing rules[126]. Charitable Contributions - The company made charitable donations totaling HKD 10,000 during the year, down from HKD 17,000 in the previous year[97].

Financial Performance - For the nine months ended September 30, 2023, the total revenue was approximately HKD 47.6 million, a decrease of about 54.0% compared to HKD 103.5 million in the same period of 2022[13]. - The gross profit for the same period was approximately HKD 13.7 million, down about 4.2% from HKD 14.3 million in 2022, with a gross margin increase from 13.8% to 28.8%[14]. - The adjusted EBITDA for the nine months ended September 30, 2023, was approximately -HKD 15.7 million, compared to -HKD 2.0 million in the same period of 2022[16]. - The company recorded a loss attributable to owners of approximately HKD 16.3 million for the nine months ended September 30, 2023, compared to a loss of HKD 4.1 million in 2022[16]. - The total operating expenses for the nine months ended September 30, 2023, were approximately HKD 33.9 million, an increase from HKD 18.2 million in the same period of 2022[16]. - The group reported a net loss of HKD 18.9 million for the nine months ended September 30, 2023, compared to a net loss of HKD 4.98 million for the same period in 2022[30]. - For the three months ended September 30, 2023, the company reported a loss of HKD 5,664,000 compared to a profit of HKD 663,000 in the same period of 2022, representing a significant decline[31]. - The company recorded a total comprehensive loss of HKD 18,543,000 for the nine months ended September 30, 2023, compared to a loss of HKD 5,132,000 in the same period of 2022[31]. - The basic loss per share for the nine months ended September 30, 2023, was HKD 4.54, compared to a loss of HKD 1.17 for the same period in 2022[31]. - For the three months ended September 30, 2023, the company reported a basic loss per share of HKD (1.11), compared to a profit of HKD 0.25 for the same period in 2022[44]. - The company reported a total loss of HKD (4,017,000) for the three months ended September 30, 2023, compared to a profit of HKD 882,000 in the same period of 2022[44]. Revenue Breakdown - The average revenue per project decreased by approximately 61.7% to about HKD 0.88 million for the nine months ended September 30, 2023, compared to HKD 2.3 million in 2022[11]. - The number of completed and ongoing projects decreased by 4.5% to 42 projects in 2023 from 44 projects in 2022[11]. - The revenue from office design and renovation services decreased by 29.6% to HKD 22.4 million in 2023 from HKD 31.8 million in 2022[9]. - The revenue from commercial projects saw a significant decline of 86.9%, dropping to HKD 8.8 million from HKD 67.4 million in the previous year[9]. - The revenue from residential projects increased by 63.9% to HKD 5.9 million, up from HKD 3.6 million in 2022[9]. - Total revenue for the three months ended September 30, 2023, was HKD 20,309,000, a decrease from HKD 38,655,000 in the same period of 2022, reflecting a decline of approximately 47.5%[39]. - The design and renovation segment generated revenue of HKD 11,497,000 for the three months ended September 30, 2023, down from HKD 38,436,000 in the same period of 2022, a decrease of about 70%[39]. Financial Position - As of September 30, 2023, the group had cash and cash equivalents of approximately HKD 24.1 million, an increase from HKD 14.5 million as of December 31, 2022[17]. - The current ratio as of September 30, 2023, was approximately 1.0, up from 0.9 as of December 31, 2022[17]. - Total liabilities as of September 30, 2023, were approximately HKD 103 million, compared to HKD 70.3 million as of December 31, 2022[17]. - The debt-to-asset ratio increased to 51.0% as of September 30, 2023, from 30.2% as of December 31, 2022, primarily due to an increase in the book value of bonds[17]. - The company has received financial support commitments of up to HKD 7,500,000 from major shareholders to meet its financial obligations[38]. - The company is actively seeking additional financing methods and bank loans to support its existing financial obligations and future capital expenditures[38]. - The company believes it has sufficient financial resources to settle the debts arising from the liquidation order[64]. Corporate Actions - The group completed the acquisition of a 34% stake in Shunyu Asset Management for a total consideration of HKD 500,000 on March 21, 2023[25]. - The board of directors will not declare any interim dividend for the nine months ended September 30, 2023[24]. - The company is seeking legal advice regarding actions to be taken in response to a winding-up order issued against its non-wholly owned subsidiary, ACE Architectural and Interior Design Limited, with total debts amounting to HKD 2.36 million[21]. - The total debt related to the liquidation order issued on November 8, 2023, amounts to HKD 2,358,000, which is for consultancy fees and contract amounts related to the ACE project[64]. Governance and Compliance - The company has complied with all corporate governance codes as per GEM Listing Rules Appendix 15 during the nine months ending September 30, 2023[59]. - The company has adopted a code of conduct for securities trading by directors, which is not less stringent than the GEM Listing Rules[60]. - The board of directors confirmed that there were no conflicts of interest or competitive business activities involving directors or their close associates during the nine months ending September 30, 2023[58]. - The company has not engaged in any arrangements that would allow directors or their associates to benefit from acquiring securities of the company or its affiliates during the nine months ending September 30, 2023[57]. - The audit committee has reviewed the unaudited financial information and third-quarter report for the nine months ending September 30, 2023[66]. Other Financial Information - Other income for the nine months ended September 30, 2023, totaled HKD 877,000, compared to HKD 446,000 in the same period of 2022, indicating an increase of approximately 96.7%[40]. - The company reported a fair value gain of HKD 337,000 on financial assets for the nine months ended September 30, 2023, compared to a loss of HKD 149,000 in the same period of 2022[33]. - The company recognized a trade receivables impairment loss of HKD (350,000) for the nine months ended September 30, 2023, compared to HKD (966,000) for the same period in 2022[43]. - The company reported a net gain from the sale of subsidiaries amounting to HKD 448,000 for the nine months ended September 30, 2023[43]. - The company recorded a net gain from the sale of property, plant, and equipment amounting to HKD 634,000 for the nine months ended September 30, 2023[43]. - The company confirmed a fair value loss of HKD (115,000) from financial assets measured at fair value through profit or loss[43]. - As of September 30, 2023, the major shareholder, 呂宇健, holds 68,496,000 shares, representing 19.01% of the company's issued shares[56]. - The company has granted and accepted stock options to purchase 21,930,000 shares at an exercise price of HKD 1.10 per share during the nine months ended September 30, 2023[50]. - As of September 30, 2023, the total number of unexercised stock options was approximately 22,877,000, representing about 6.35% of the company's issued share capital[53]. - The company did not recognize any tax provision for Hong Kong profits tax for the nine months ended September 30, 2023, due to no taxable profits being reported[43].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 AL Group Limited 利駿集團（香港）有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8360） 截至二零二三年九月三十日止九個月 第三季度業績公告 利駿集團（香港）有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈本 公司及其附屬公司（統稱「本集團」）截至二零二三年九月三十日止九個月之未經審 核業績。 本公告列載本集團二零二三年第三季度報告全文，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」）中有關季度業績初步公告附載 之資料之要求。載有GEM上市規則規定資料之本公司二零二三年第三季度報告之 印刷本將於適當時候寄發予本公司股東。 本公司之第三季度業績公告登載於聯交所網站(http://www.hkexnews.hk)及本公司網 站(www.AL-Grp.com)。 ...

Financial Performance - For the six months ended June 30, 2023, the company's revenue was approximately HKD 27.3 million, a decrease of about 57.9% compared to HKD 64.8 million in the same period of 2022[10]. - The gross profit for the same period was approximately HKD 5.9 million, down about 16.7% from HKD 7.0 million in 2022, with a gross margin increase from 10.9% to 21.6%[10]. - The company recorded an adjusted EBITDA of approximately -HKD 12.0 million for the six months ended June 30, 2023, compared to -HKD 3.7 million in the same period of 2022[10]. - The company reported a loss attributable to owners of approximately HKD 12.3 million for the six months ended June 30, 2023, compared to a loss of HKD 5.0 million in the same period of 2022[10]. - The company reported a net loss attributable to owners of the company of HKD 12,322,000 for the six months ended June 30, 2023, compared to HKD 5,023,000 in the same period of 2022[28]. - The net loss for the six months ended June 30, 2023, was HKD 13,207,000, an increase of 123.4% from HKD 5,920,000 in the same period of 2022[28]. - The total comprehensive expenses for the period amounted to HKD 12,879,000, which includes a loss of HKD 12,322,000[32]. Revenue Breakdown - The average revenue per project decreased by approximately 52.9% to about HKD 1.0 million in 2023 from HKD 2.1 million in 2022[9]. - The number of projects completed and in progress decreased by 16.0% to 26 projects in 2023 from 31 projects in 2022[8]. - Revenue from residential projects increased by 100.0%, rising from HKD 2.3 million in 2022 to HKD 4.6 million in 2023[8]. - Revenue for the three months ended June 30, 2023, was HKD 16,865,000, a decrease of 56.3% compared to HKD 38,606,000 in the same period of 2022[28]. - Revenue from design and renovation services for the six months was HKD 25,618,000, a decline of 60.2% from HKD 64,328,000 in 2022[45]. - The top five customers accounted for approximately 56.97% of total revenue for the six months ended June 30, 2023, compared to 76% in 2022[49]. Operating Expenses - Total operating expenses increased to approximately HKD 20.4 million in 2023 from HKD 12.0 million in 2022, primarily due to increased employee benefits and advertising costs[10]. - Total operating expenses for the six months ended June 30, 2023, were HKD 7,232,000, significantly higher than HKD 3,547,000 in 2022[56]. - The total employee cost for the six months ended June 30, 2023, was approximately HKD 13.1 million, compared to HKD 8.5 million for the same period in 2022[25]. Financial Position - As of June 30, 2023, the group had cash and cash equivalents of approximately HKD 10.8 million, down from HKD 12.2 million as of December 31, 2022[12]. - The current ratio as of June 30, 2023, was approximately 0.8, compared to 0.9 as of December 31, 2022[12]. - Total liabilities as of June 30, 2023, were approximately HKD 77.1 million, an increase from HKD 70.3 million as of December 31, 2022[12]. - The debt-to-asset ratio increased to 36.0% as of June 30, 2023, from 30.2% as of December 31, 2022, primarily due to an increase in the face value of promissory notes and convertible bonds[12]. - The company's equity attributable to owners decreased to HKD 3,488,000 as of June 30, 2023, from HKD 8,951,000 as of December 31, 2022[31]. Investments and Acquisitions - The company is expanding into the financial services and catering industries to diversify its revenue sources[4]. - On March 21, 2023, the group completed the acquisition of a 34% stake in Shun Yu Asset Management Limited for a total consideration of HKD 500,000[22]. - The goodwill generated from the acquisition of Shunyu Asset Management amounts to HKD 184,000, providing opportunities to expand the company's position in the financial services sector[94]. - The company sold its 100% stake in Transcend Global Asset Management for a total cash consideration of approximately HKD 639,000 on March 13, 2023[96]. Shareholder and Stock Information - The company has a total of 360,274,000 ordinary shares issued and paid up as of June 30, 2023, with a share premium of HKD 134,917,000[81]. - Major shareholder Lui Yu Kin owns 72,252,000 shares, accounting for 20.05% of the company's issued shares as of June 30, 2023[112]. - The company has granted stock options to employees and others, with a total of 22,116,000 options issued during the reporting period[86]. - The company has approximately 22,877,000 unexercised stock options as of June 30, 2023, representing about 6.35% of the total issued shares[88]. Corporate Governance - The board did not declare any interim dividend for the six months ended June 30, 2023, consistent with the previous year[18]. - The board confirmed compliance with all corporate governance codes as per GEM Listing Rules Appendix 15 during the six months ended June 30, 2023[116]. - The company established an audit committee on June 15, 2016, consisting of three independent non-executive directors to oversee financial reporting and internal controls[120].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 AL Group Limited 利駿集團（香港）有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8360） 截至二零二三年六月三十日止六個月 中期業績公告 利駿集團（香港）有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈本 公司及其附屬公司（統稱「本集團」）截至二零二三年六月三十日止六個月之未經審 核業績。 本公告列載本集團二零二三年中期報告全文，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」）中有關中期業績初步公告附載 之資料之要求。載有GEM上市規則規定資料之本公司二零二三年中期報告之印刷 本將於適當時候寄發予本公司股東。 本公司之中期業績公告登載於聯交所網站(http://www.hkexnews.hk)及本公司網站 ...

Financial Performance - Total revenue for the three months ended March 31, 2023, decreased by approximately 60.3% to about HKD 10.4 million compared to HKD 26.2 million in the same period of 2022[13] - The average revenue per project dropped from approximately HKD 1.31 million in 2022 to about HKD 0.50 million in 2023, a decrease of 62.1%[11] - Gross profit for the three months was approximately HKD 2.0 million, down about 59.2% from HKD 4.9 million in the previous year, with a slight increase in gross margin from 18.6% to 19.2%[14] - Adjusted EBITDA for the period was approximately (HKD 3.7 million), compared to (HKD 0.8 million) in the same period last year, primarily due to a decrease in overall gross profit[16] - The company recorded a loss attributable to owners of approximately HKD 3.1 million for the three months, compared to a loss of about HKD 1.6 million in the previous year[16] - Operating loss for the three months ended March 31, 2023, was HKD 3,399 thousand, compared to an operating loss of HKD 1,069 thousand for the same period in 2022[22] - The net loss for the period was HKD 3,734 thousand, compared to a net loss of HKD 1,264 thousand for the same period in 2022[22] - Revenue from design and renovation services was HKD 9,937,000, down 61.0% from HKD 26,116,000 in the previous year[32] - The group recorded a loss attributable to owners of the company of HKD 3,089,000 for the three months ended March 31, 2023, compared to a loss of HKD 1,595,000 for the same period in 2022[38] Project Management - The number of projects remained unchanged at 20, with a 20% increase in office projects from 15 to 18, while commercial and residential projects decreased by 66.7% and 50.0%, respectively[6] - The number of completed projects and ongoing projects remained stable, indicating consistent project management despite revenue declines[6] Operating Expenses and Cost Control - Operating expenses increased to approximately HKD 6.5 million from HKD 6.2 million in the previous year, mainly due to higher employee costs[16] - The company continues to implement extensive cost control measures to maintain profit margins amid ongoing economic challenges[14] Cash and Liabilities - As of March 31, 2023, the group's cash and cash equivalents amounted to approximately HKD 11.6 million, a decrease from HKD 12.2 million as of December 31, 2022[17] - The current ratio as of March 31, 2023, was approximately 0.8, down from 0.9 as of December 31, 2022[17] - Total liabilities as of March 31, 2023, were approximately HKD 77.1 million, an increase from HKD 70.3 million as of December 31, 2022[17] - The debt-to-capital ratio decreased to approximately 24.6% as of March 31, 2023, from 30.2% as of December 31, 2022, primarily due to a reduction in borrowings[17] Share Options and Ownership - As of March 31, 2023, the company had 22,877,200 unexercised share options available under its share option scheme[41] - The share option scheme allows for a maximum of 1% of the issued shares to be granted to eligible participants within any 12-month period[39] - The company issued 22,116,000 share options on January 19, 2023, which, if fully exercised, would result in the issuance of approximately 6.1% of the company's total issued shares[40] - As of March 31, 2023, the company has a total of 18,941,200 shares held by beneficial owner Chen Hongkai, representing 5.26% of the issued shares[45] - Beneficial owner Lu Yujian holds 72,252,000 shares, accounting for 20.05% of the company's issued shares as of March 31, 2023[47] - The spouse of Chen Hongkai holds 39,600 shares, which is 0.01% of the issued shares[45] - The company has not disclosed any other individuals holding 5% or more of the company's shares apart from those mentioned[47] Corporate Governance - The company has complied with all corporate governance codes as per GEM Listing Rules Appendix 15 during the three months ended March 31, 2023[50] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited financial information for the three months ended March 31, 2023[53] - No arrangements were made for directors and senior management to benefit from purchasing the company's shares or debt securities as of March 31, 2023[46] - The company has adopted a code of conduct regarding securities trading by directors, which is stricter than the GEM Listing Rules[51] - There were no interests or potential conflicts of interest reported by directors in any competing businesses during the three months ended March 31, 2023[48] Future Outlook - Future outlook remains cautious due to the ongoing adverse effects of COVID-19 on the Hong Kong economy[14] - The company did not declare any interim dividend for the three months ended March 31, 2023, consistent with the previous year[20] - On March 21, 2023, the company completed the acquisition of a 34% stake in Shunyu Asset Management Limited for HKD 500,000[21] - The effective tax rate for the group remains at 16.5% for both the current and previous year[36] - The group generated other income of HKD 7,000, down 95.7% from HKD 163,000 in the previous year[33] - The group reported a net gain from the sale of property, plant, and equipment of HKD 634,000, and a gain from the sale of subsidiaries of HKD 448,000, totaling HKD 1,082,000 for the period[35]