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]

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） 截至二零二三年三月三十一日止三個月 第一季度業績公告 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」）截至二零二三年三月三十一日止三個月之未經 審核業績。 本公告列載本集團二零二三年第一季度報告全文，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一季度報告之 印刷本將於適當時候寄發予本公司股東。 本公司之第一季度業績公告登載於聯交所網站（http://www.hkgem.com）及本公司 網站（www.AL-Grp.com）。 ...

Financial Performance - Total revenue for the year was approximately HKD 140.1 million, an increase of about 28.1% compared to the previous year[8]. - Average revenue per project (excluding maintenance and after-sales services) increased by approximately 55.1% to about HKD 2.90 million[8]. - Gross profit for the year was approximately HKD 15.3 million, a decrease of about 13.1% from the previous year, with a gross profit margin dropping from approximately 16.1% to about 10.9%[8]. - The company recorded a loss attributable to owners of approximately HKD 17.9 million, a reduction of about 44.6% compared to the previous year[8]. - Revenue for the year ended December 31, 2022, was approximately HKD 140.1 million, an increase of about 28.1% compared to HKD 109.4 million in 2021[24]. - Gross profit for the year was approximately HKD 15.3 million, a decrease of about 13.1% from HKD 17.6 million in 2021, with a gross margin dropping from 16.1% to 10.9%[25]. - The number of projects decreased by 17.2% to 48 in 2022, while the average revenue per project increased by 55.1% to approximately HKD 2.9 million[21]. - The company recorded a loss attributable to shareholders of approximately HKD 17.9 million, a reduction of about 44.6% from HKD 32.3 million in 2021[27]. - Total operating expenses for the year were approximately HKD 35.5 million, a decrease of about 37.5% from HKD 56.8 million in 2021[27]. Market and Demand Outlook - Future demand for interior design services is expected to increase due to the COVID-19 pandemic, with a focus on adapting work environments[11]. - The company acknowledges the significant impact of the global market downturn due to COVID-19 but believes the disruption has peaked[12]. - Management remains optimistic about the future development of the interior design and renovation industry in Hong Kong despite market challenges[16]. Business Strategy and Development - The company plans to explore new business lines and expand its core business into different markets to enhance its competitive advantage[23]. - The management is committed to developing current projects to the highest standards while exploring new revenue opportunities[12]. - The company aims to attract top talent and continue to implement COVID-safe measures and technologies[11]. Corporate Governance and Management - The company has a diverse board with members holding significant experience in finance, engineering, and technology[79][81][82]. - The management team includes experienced professionals with backgrounds in real estate, interior design, and technology[70][75][81]. - The company has established procedures for directors to seek independent professional advice as needed[167]. - The board consists of six directors, including three executive directors and three independent non-executive directors[158]. - The company has complied with all corporate governance codes as per GEM listing rules throughout the year[157]. Financial Position and Liabilities - As of December 31, 2022, the group had cash and cash equivalents of approximately HKD 12.2 million, down from HKD 27.4 million as of December 31, 2021[45]. - The current ratio as of December 31, 2022, was approximately 0.9, compared to 1.1 as of December 31, 2021[45]. - Total liabilities as of December 31, 2022, were approximately HKD 70.3 million, an increase from HKD 63.8 million as of December 31, 2021[45]. - The debt-to-equity ratio increased to approximately 30.2% as of December 31, 2022, from 22.3% as of December 31, 2021, primarily due to increased borrowings[45]. Shareholder and Stock Information - The company did not recommend a final dividend for the year, consistent with the previous year[108]. - The company has zero distributable reserves as of December 31, 2022, unchanged from the previous year[115]. - As of December 31, 2022, the major shareholder, 呂宇健, holds 68,403,200 shares, representing 18.99% of the company's issued shares[147]. - The company has maintained a public float of at least 25% of its total issued shares as per GEM listing rules[150]. Community and Environmental Commitment - The company is committed to community service and environmentally friendly practices in its operations[83]. - The company made charitable donations totaling HKD 17,000 for the year, an increase from HKD 3,800 in the previous year[116]. Risk Management - The company relies on timely provision of interior design solutions to meet customer preferences, which poses a risk to financial performance[111]. - The group has no significant foreign currency hedging policy but will consider hedging major foreign currency risks as needed[49]. - The group plans to manage its investment portfolio cautiously in light of recent stock market volatility[58].

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） 截至二零二二年十二月三十一日止年度 年度業績公告 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」）截至二零二二年十二月三十一日止年度的經審 核業績。 本公告列載本集團二零二二年年度報告全文，並符合香港聯合交易所有限公司 （「聯交所」）GEM證券上市規則（「GEM上市規則」）中有關年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二零二二年年度報告之印刷 本將於適當時候寄發予本公司股東。 本公司的年度業績公告已登載於聯交所網站(http://www.hkgem.com)及本公司網站 (www.AL-Grp.com)。 ...

Financial Performance - Total revenue for the nine months ended September 30, 2022, increased by approximately 64% to HKD 103.5 million compared to HKD 63.1 million in the same period of 2021[11] - Gross profit for the nine months ended September 30, 2022, was approximately HKD 14.3 million, a 14.4% increase from HKD 12.5 million in the same period of 2021[11] - Adjusted EBITDA for the nine months ended September 30, 2022, was approximately -HKD 2.0 million, an improvement from -HKD 7.9 million in the same period of 2021[14] - The company recorded a loss attributable to owners of approximately HKD 4.1 million for the nine months ended September 30, 2022, compared to a loss of HKD 12.9 million in the same period of 2021[14] - The operating profit for the nine months ended September 30, 2022, was HKD (4.277) million, compared to HKD (9.321) million for the same period in 2021[24] - The net profit for the nine months ended September 30, 2022, was HKD (4.983) million, improving from HKD (13.503) million for the same period in 2021[24] - Other income for the nine months ended September 30, 2022, was HKD 446,000, slightly down from HKD 456,000 in the same period of 2021[37] Revenue Breakdown - Average revenue per project rose by approximately 27.8% to HKD 2.3 million from HKD 1.8 million in the same period of 2021[9] - For the three months ended September 30, 2022, the Group's revenue from design and renovation services was HKD 38,436,000, a 69.6% increase from HKD 22,676,000 in the same period of 2021[36] - For the nine months ended September 30, 2022, total revenue from design and renovation services reached HKD 102,764,000, up 64.5% from HKD 62,452,000 in the previous year[36] Project and Operational Metrics - The number of projects increased by 29.4% to 44 projects from 34 projects in the same period of 2021[9] - The number of commercial projects increased by 50.0% to 15 from 10 in the same period of 2021[5] - The number of office projects increased by 29.4% to 22 from 17 in the same period of 2021[5] Expenses and Profitability - Total operating expenses for the nine months ended September 30, 2022, were approximately HKD 18.2 million, down from HKD 22.8 million in the same period of 2021[14] - The gross profit margin decreased to 13.8% from 19.9% in the same period of 2021 due to unstable economic conditions and increased material costs[12] Financial Position - As of September 30, 2022, the group had cash and cash equivalents of approximately HKD 14.5 million, down from HKD 27.4 million as of December 31, 2021[15] - The current ratio as of September 30, 2022, was approximately 1.0, compared to 1.1 as of December 31, 2021[15] - Total liabilities as of September 30, 2022, were approximately HKD 69.2 million, an increase from HKD 63.8 million as of December 31, 2021[15] - The debt-to-asset ratio was 21.9% as of September 30, 2022, slightly down from 22.3% as of December 31, 2021[15] - The Group's net liabilities as of September 30, 2022, amounted to HKD 3,454,000, but the directors believe the Group can continue as a going concern[33] Shareholder and Governance Information - The group did not declare any interim dividend for the nine months ended September 30, 2022, consistent with the previous year[19] - The company has adhered to all corporate governance codes as per GEM Listing Rules during the reporting period[69] - No major shareholders reported any interests in the company's shares as of September 30, 2022[65] - The company did not engage in any arrangements that would benefit directors or their associates in acquiring securities of the company or its affiliates during the nine months[66] Future Outlook and Financing - The Group is implementing measures to enhance its sales network and effective cost control to improve profit margins and operating cash flow[33] - The Group continues to seek alternative financing methods and bank loans to meet its financial obligations and future capital expenditures[33] - The group has no significant future investment or capital asset plans as of September 30, 2022[20] Stock Options and Securities - As of September 30, 2022, the company had 947,000 stock options available for exercise at an exercise price of HKD 0.363, unchanged from December 31, 2021[62] - The total proceeds from exercising all outstanding stock options would amount to HKD 344,000, consistent with the amount reported on December 31, 2021[62] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended September 30, 2022[71] - The board confirmed compliance with the GEM Listing Rules regarding securities trading by directors during the nine months ended September 30, 2022[70] - There were no changes in the number of stock options exercised during the reporting period, with a total of 16,000 stock options exercised[53] - The Group has not issued any share options during the nine months ended September 30, 2022[48] Taxation - The estimated tax rate for the Group remains at 16.5% for the nine months ended September 30, 2022, consistent with the previous year[41] Audit and Review - The audit committee reviewed the unaudited financial information for the nine months ended September 30, 2022, and discussed it with management[73]

Revenue and Growth - Total revenue for the six months ended June 30, 2022, was approximately HKD 64.8 million, an increase of about 60.8% compared to HKD 40.3 million in the same period of 2021[10] - The group reported a revenue of HKD 64.812 million for the six months ended June 30, 2022, compared to HKD 40.268 million for the same period in 2021, representing a growth of 61%[31] - Average revenue per project rose by 40% to approximately HKD 2.1 million, compared to HKD 1.5 million in the same period of 2021[8] - Revenue from commercial projects surged by 262.0% to HKD 33.3 million, compared to HKD 9.2 million in the same period of 2021[8] - For the six months ended June 30, 2022, the total revenue from design and renovation services was HKD 64,328,000, an increase of 61.9% compared to HKD 39,776,000 for the same period in 2021[61] Project and Operational Performance - The number of projects completed increased by 19.2% to 31 projects, up from 26 projects in the same period of 2021[5] - The number of office projects increased by 33.3% to 16, while commercial projects rose by 42.9% to 10[5] - The revenue from maintenance and after-sales services for the six months ended June 30, 2022, was HKD 484,000, slightly up from HKD 443,000 in the same period of 2021[61] - Contract assets related to design and renovation services increased to HKD 23,898,000 as of June 30, 2022, compared to HKD 9,349,000 as of December 31, 2021, reflecting a significant growth[86] - Contract liabilities for design and renovation services decreased to HKD 7,456,000 as of June 30, 2022, from HKD 11,155,000 as of December 31, 2021, suggesting improved project completion rates[86] Financial Performance - Gross profit for the six months ended June 30, 2022, was approximately HKD 7.0 million, a decrease of about 23.1% from HKD 9.1 million in the same period of 2021[13] - Gross profit margin decreased from approximately 22.5% to 10.9% due to unfavorable economic conditions and increased material costs[13] - Adjusted EBITDA for the six months ended June 30, 2022, was approximately -HKD 3.7 million, an improvement from -HKD 7.1 million in the same period of 2021[14] - The company recorded a loss attributable to owners of approximately HKD 5.0 million, compared to a loss of approximately HKD 10.4 million in the same period of 2021[14] - Total comprehensive expenses for the six months ended June 30, 2022, amounted to HKD (5,795) thousand, a decrease from HKD (11,019) thousand in the previous year[34] Cash Flow and Liquidity - As of June 30, 2022, the group had cash and cash equivalents of approximately HKD 11.6 million, down from HKD 27.4 million as of December 31, 2021[16] - The net cash used in operating activities was HKD (15,520) thousand for the six months ended June 30, 2022, compared to HKD (12,105) thousand in the previous year[46] - The company recorded a net cash inflow from investing activities of HKD 440 thousand, a recovery from a cash outflow of HKD (367) thousand in the prior year[46] - The current ratio as of June 30, 2022, was approximately 0.99, compared to 1.1 as of December 31, 2021[16] - The company recorded a net current liability of HKD 405,000 as of June 30, 2022, indicating potential liquidity concerns[53] Expenses and Cost Management - Total operating expenses decreased to approximately HKD 12.0 million from HKD 18.2 million in the same period of 2021, primarily due to reduced employee benefits and advertising costs[13] - The group incurred a total employee benefit expense of approximately HKD 8.5 million for the six months ended June 30, 2022, down from HKD 10.4 million for the same period in 2021[28] - Advertising costs for the six months ended June 30, 2022, were HKD 235,000, a significant decrease from HKD 3,038,000 in the same period of 2021, reflecting a reduction of approximately 92.24%[71] - Total other income for the six months ended June 30, 2022, was HKD 245,000, down from HKD 294,000 in the same period of 2021, representing a decrease of approximately 16.67%[67] - The total expenses for the six months ended June 30, 2022, were HKD 3,547,000, a decrease from HKD 7,774,000 in the same period of 2021, indicating a reduction of approximately 54.45%[71] Shareholder and Equity Information - The issued and paid-up share capital as of June 30, 2022, was HKD 100,000,000, with a total share premium of HKD 131,924,000[91] - The total equity attributable to owners of the company decreased from HKD 23,334 thousand to HKD 18,458 thousand, reflecting the overall loss during the period[38] - The company did not declare any interim dividends for the six months ended June 30, 2022, consistent with the previous year[22] - The company has not purchased, sold, or redeemed any of its listed securities during the six months ending June 30, 2022[140] Management and Corporate Governance - The audit committee, established on June 15, 2016, consists of three independent non-executive directors and is responsible for reviewing financial statements and internal control procedures[142] - The company relies heavily on the management team for business operations and performance[127] - The total remuneration for key management personnel in 2022 was HKD 1,463,000, a substantial increase from HKD 702,000 in 2021[106] Risks and Future Outlook - The company faces significant risks including the inability to secure new contracts, which could materially impact financial performance[127] - The company is implementing various measures to enhance its overall sales network and effective cost control to improve profit margins and operating cash flow[53] - The company continues to seek alternative financing methods and bank loans to meet its existing financial obligations and future capital expenditures[53] Investments and Market Presence - The company has successfully acquired 60% equity in ACE Architectural and Interior Design Limited, enhancing its market presence since November 2017[109] - The company has allocated HKD 6,840,000 (12%) of the net proceeds for acquiring larger-scale design and renovation projects[125] - The company has focused on increasing brand awareness and marketing effectiveness, investing in advertising across various platforms[120] - The company has maintained a cautious approach to utilizing remaining listing proceeds, delaying further expenditures to align with market conditions[122] - The company has engaged in various charitable contributions to enhance its corporate image and community presence[120]

Financial Performance - Total revenue for the three months ended March 31, 2022, increased by approximately 47.2% to about HKD 26.2 million compared to HKD 17.8 million in the same period of 2021[9] - Gross profit for the three months ended March 31, 2022, was approximately HKD 4.9 million, up about 44.1% from HKD 3.4 million in the same period of 2021[13] - Revenue for the three months ended March 31, 2022, was HKD 26,206 thousand, an increase from HKD 17,842 thousand for the same period in 2021, representing a growth of approximately 47.5%[29] - The operating loss for the three months ended March 31, 2022, was HKD 1,069 thousand, an improvement from an operating loss of HKD 4,868 thousand in the same period of 2021[21] - The net loss for the three months ended March 31, 2022, was HKD 1,264 thousand, compared to a net loss of HKD 6,257 thousand for the same period in 2021[21] - Basic loss per share for the three months ended March 31, 2022, was HKD 0.18, an improvement from HKD 0.67 for the same period in 2021[21] - The company reported a loss attributable to shareholders of HKD 1,595,000 for the three months ended March 31, 2022, compared to a loss of HKD 5,937,000 for the same period in 2021, representing a 73% improvement[36] Project and Revenue Metrics - The number of projects increased by approximately 42.9%, from 14 projects in 2021 to 20 projects in 2022[5] - Average revenue per project rose from approximately HKD 1.27 million in 2021 to about HKD 1.31 million in 2022, reflecting a 3.1% increase[7] Expenses and Cost Management - Operating expenses decreased to approximately HKD 6.2 million in Q1 2022 from HKD 8.7 million in Q1 2021, primarily due to reduced administrative expenses[13] - The company continues to implement stringent cost control measures to maintain profit margins amid ongoing economic challenges[13] Cash and Liabilities - Cash and cash equivalents as of March 31, 2022, were approximately HKD 8.8 million, down from HKD 27.4 million as of December 31, 2021[14] - Total liabilities as of March 31, 2022, were approximately HKD 48.8 million, a decrease from HKD 63.8 million as of December 31, 2021[15] - The debt-to-capital ratio increased to 29.6% as of March 31, 2022, compared to 22.3% as of December 31, 2021, primarily due to a decrease in cash and bank balances[16] - As of March 31, 2022, the current ratio was approximately 1.1 times, unchanged from December 31, 2021[15] Corporate Governance and Compliance - The company confirmed compliance with all corporate governance codes as per GEM Listing Rules during the reporting period[49] - The company established an audit committee on June 15, 2016, consisting of three independent non-executive directors to oversee financial reporting and internal controls[53] Shareholder Information - No interim dividend was declared for the three months ended March 31, 2022, consistent with the previous year[18] - The weighted average number of ordinary shares was 882,356,000 for both periods, resulting in a basic loss per share of HKD 0.18 for 2022, compared to HKD 0.67 in 2021[36] - The company did not present diluted loss per share for the period ended March 31, 2022, due to the anti-dilutive effect of the share options granted[37] Rights Issue and Capital Management - The company raised approximately HKD 71.96 million from a rights issue, with net proceeds of about HKD 53.5 million used to repay promissory notes and interest expenses[43] - As of March 31, 2022, approximately HKD 9.5 million of the net proceeds from the rights issue had been used for general working capital[43] Acquisitions and Business Development - On October 15, 2021, a wholly-owned subsidiary, Legend Start Limited, entered into an agreement to acquire 100% of the shares of a company for a total cash consideration of HKD 420,000[54] - The acquisition involved payments of HKD 126,000, HKD 213,000, and HKD 63,000 for shares completed on October 15, 2021, December 1, 2021, and April 25, 2022, respectively[54] - The acquired company primarily provides insurance brokerage services, allowing the group to explore new business development opportunities[54] Other Information - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the three months ended March 31, 2022[19] - The group had no significant contingent liabilities or capital commitments as of March 31, 2022[17] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the three months ended March 31, 2022[52] - The company has not entered into any arrangements that would allow directors or key executives to benefit from acquiring shares or bonds of the company or any other entity during the reporting period[47] - As of the report date, there were no significant events occurring after the financial report date[55]