格隆汇8月1日丨SDM教育(08363.HK)公告，经审核委员会作出推荐建议，已决议委任致宝信勤会计师 事务所有限公司("致宝信勤")为公司新任核数师，自2025年8月1日起生效，以填补中汇安达辞任后临时 空缺，并将任职至公司应届股东周年大会结束时为止。 ...

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之內容概不負責， 對其準 確性或完備性亦不發表任何聲明，並明確表示概不會對因本公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。 更換核數師 本公告乃由 SDM 教育集團控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」）根 據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」）第 17.50(4)條作出。 核數師辭任 本公司董事會（「董事會」）（「董事」）謹此宣佈，本公司於二零二五年七月三十日收到中匯 安達會計師事務所有限公司（「中匯安達」）辭任為本公司之核數師的函件（「辭任函件」）， 即時生效（「辭任」）。 在辭任信中，指出應提請董事會及本公司審核委員會（「審核委員會」）注意的事項，摘要如 下： 除上文披露外，董事會並不知悉任何與辭任有關的事項需要提請本公司股東（「股東」）或債 權人注意。 1 1) 對於將本公司若干新加坡附屬公司（現正處於接管程序中）納入本公司截至二零二四 年六月三十日止十八個月（「2023/24 財政年度」）的綜合財務報表之合併處理的適當 性表示關注； 2) 由於未能履 ...

Financial Performance - The group's revenue for the twelve months ended December 31, 2023, was approximately HKD 178.3 million, compared to HKD 164.8 million for the same period last year, representing an increase of about 8.9%[4] - The loss attributable to shareholders for the same period was approximately HKD 12.7 million, a significant improvement from a loss of HKD 37.2 million in the previous year, indicating a reduction of approximately 65.8%[4] - The basic loss per share for the twelve months was approximately HKD 1.98, compared to HKD 8.13 for the same period last year, reflecting a decrease of about 75.6%[4] - Total comprehensive loss for the period was HKD 10.16 million, compared to a loss of HKD 19.68 million in the previous year, showing an improvement of approximately 48.7%[6] - The company reported a net loss of HKD 9.46 million for the twelve months, down from HKD 36.8 million in the previous year, reflecting a reduction of approximately 74.3%[6] - The total loss before tax for the group was HKD 7,667,000, compared to a profit in the previous year, indicating a significant decline in profitability[24] - The company reported a total comprehensive loss of HKD 16,669,000 for the period, compared to a loss of HKD 18,758,000 in the previous year, indicating an improvement of about 11.6%[10] Revenue Breakdown - For the twelve months ended December 31, 2023, the total revenue of SDM Education Group was HKD 178,329,000, an increase of 8.14% compared to HKD 164,832,000 for the same period in 2022[22] - The revenue from the Dance Academy business was HKD 65,426,000, up from HKD 55,121,000, reflecting an increase of 18.67%[22] - The revenue from the Early Childhood Education business was HKD 101,398,000, slightly increasing from HKD 100,636,000, representing a growth of 0.76%[22] Expenses and Costs - The group reported a decrease in advertising and promotional expenses to HKD 8.26 million from HKD 5.07 million, an increase of approximately 62.5% year-on-year[5] - Employee and teaching consultancy service costs were HKD 114.33 million, slightly up from HKD 112.46 million, indicating a year-on-year increase of about 1.7%[5] - The group incurred total corporate expenses of HKD 33,342,000 during the reporting period[24] - The income tax expense for the twelve months ended December 31, 2023, was HKD 1,791,000, significantly higher than HKD 387,000 in 2022, reflecting a substantial increase in tax obligations[35] Asset and Liability Management - Non-current assets decreased from HKD 264,055,000 in 2022 to HKD 251,035,000 in 2023, a decline of approximately 4.9%[7] - Current assets increased from HKD 100,144,000 in 2022 to HKD 119,803,000 in 2023, an increase of about 19.7%[7] - Total liabilities decreased from HKD 513,904,000 in 2022 to HKD 516,880,000 in 2023, reflecting a slight increase of approximately 0.6%[8] - Cash and cash equivalents decreased from HKD 25,699,000 in 2022 to HKD 22,118,000 in 2023, a decrease of about 13.5%[12] - The company's equity attributable to owners decreased from HKD 245,022,000 in 2022 to HKD 235,530,000 in 2023, a decline of approximately 3.0%[8] - The total liabilities to equity ratio indicates a negative equity position of HKD 224,602,000 in 2023 compared to HKD 237,324,000 in 2022[8] Share Capital and Financing - The company issued 22,880,000 new shares, increasing the share capital to HKD 68,640,000[10] - The company issued convertible notes amounting to USD 25,000,000 (approximately HKD 195,400,000) with an annual interest rate of 8%[54] - The company’s total borrowings increased from HKD 46,412,000 to HKD 57,132,000, reflecting a growth of about 23.06%[52] - The company repaid USD 3,500,000 (approximately HKD 27,300,000) of the convertible notes, with an additional repayment of USD 160,000 (approximately HKD 1,250,000) as of December 31, 2023[55] Operational Highlights - Enrollment in Singapore's preschool institutions reached approximately 910 students, with a total capacity of 1,350 students, resulting in a utilization rate of 67%, up from 60% the previous year[67] - The group continues to expand its operations in Singapore and Australia, enhancing its brand recognition and reputation in the education market[65] - The company is actively seeking investment opportunities to expand its business in the dance academy sector, particularly in the Asian market[90] Corporate Governance - The company has complied with all corporate governance codes as per GEM listing rules, with no deviations reported during the twelve months ending December 31, 2023[112] - The audit committee, composed of independent non-executive directors, reviewed the unaudited consolidated results for the twelve months ending December 31, 2023, and found no objections to the accounting policies adopted[116] - There were no conflicts of interest reported among directors or major shareholders during the reporting period[109] Future Outlook - The group plans to change its financial year-end from December 31 to June 30, which may impact future reporting periods[5] - The company plans to allocate approximately HKD 2,500,000 for expanding its dance academy business and HKD 5,000,000 for general corporate and operational expenses[84]

Financial Performance - The group's revenue for the twelve months ended December 31, 2023, was approximately HKD 178.3 million, an increase of 8.9% compared to HKD 164.8 million in the previous year[6]. - The basic loss per share for the reporting period was approximately HKD 1.98, a significant improvement from a basic loss per share of HKD 8.13 in the previous year[5]. - The net loss attributable to shareholders for the twelve months was approximately HKD 12.7 million, compared to a loss of HKD 37.2 million in the previous year, reflecting a reduction of 65.8%[6]. - The group's total comprehensive loss for the period was approximately HKD 10.2 million, compared to HKD 19.7 million in the previous year, indicating a decrease of 48.2%[8]. - The company reported a net loss of HKD 12,688,000 for the period, compared to a loss of HKD 37,190,000 in the previous year, showing an improvement in financial performance[13]. - The loss attributable to the company's owners was approximately HKD 12,700,000, a significant reduction from a loss of approximately HKD 37,200,000 in the same period last year, representing a decrease of about 66%[72]. Revenue Breakdown - Revenue from the dance academy business was HKD 65,426,000, up 18.6% from HKD 55,121,000 in the previous year[25]. - Revenue from the early childhood education business was HKD 101,398,000, slightly increasing from HKD 100,636,000 in 2022[25]. - Total revenue increased from approximately HKD 164,800,000 in the same period last year to approximately HKD 178,300,000, representing an increase of about HKD 13,500,000[71]. - Revenue from the dance academy business in Hong Kong increased by approximately HKD 10,300,000 during the reporting period[71]. Assets and Liabilities - Non-current assets decreased to approximately HKD 251.0 million from HKD 264.1 million in the previous year, a decline of 4.9%[10]. - Current assets increased to approximately HKD 119.8 million from HKD 100.1 million in the previous year, reflecting a growth of 19.7%[10]. - The total liabilities decreased from HKD 516,880,000 in 2022 to HKD 516,880,000 in 2023, reflecting a slight increase in current liabilities[12]. - The company's equity attributable to owners decreased from HKD (245,022,000) in 2022 to HKD (235,530,000) in 2023, indicating a reduction in accumulated losses[13]. - The total assets less current liabilities improved slightly from HKD (149,705,000) in 2022 to HKD (146,042,000) in 2023[12]. Cash Flow and Financing - The company's net cash generated from operating activities for the twelve months ended December 31, 2023, was HKD 29,667,000, a decrease of 30.5% compared to HKD 42,618,000 in 2022[15]. - The cash and cash equivalents at the end of December 31, 2023, were HKD 22,118,000, down from HKD 25,699,000 in 2022, representing a decrease of 13.5%[15]. - The company’s financing activities used net cash of HKD (31,349,000) in 2023, compared to HKD (37,176,000) in 2022, indicating a reduction in cash outflow[15]. - The group had bank and other borrowings of HKD 52,300,000 and HKD 4,800,000 as of December 31, 2023, compared to HKD 41,600,000 and HKD 4,800,000 a year earlier[77]. Share Capital and Equity - The company issued 228,800,000 shares, increasing the issued share capital to HKD 68,640,000 as of March 13, 2023[13]. - The company’s total issued share capital as of December 31, 2023, is HKD 68,640,000, divided into 686,400,000 shares with a par value of HKD 0.1 each[102]. - Wealthy Together holds 298,125,000 shares, representing 43.43% of the company's issued share capital[107]. - The company has a total of 27,325,892 unexercised share options under the share option plan as of December 31, 2023[112]. Operational Highlights - The company operates 23 wholly-owned dance centers in Hong Kong and 13 preschool institutions in Singapore as of December 31, 2023[67]. - Enrollment in Singapore's preschool institutions reached approximately 910 students, with a utilization rate of 67% as of December 31, 2023, up from 60% the previous year[69]. - The company has developed new courses and improved existing ones to attract students amid competitive market conditions in Hong Kong[68]. - The company has accelerated its expansion in the education markets of Singapore and Australia in recent years[67]. Governance and Compliance - The company has adhered to all provisions of the corporate governance code as outlined in the GEM Listing Rules Appendix 15 for the twelve months ending December 31, 2023[117]. - There were no instances of non-compliance with the trading standards for directors during the reporting period[118]. - The audit committee reviewed the unaudited consolidated results for the twelve months ending December 31, 2023, and had no objections to the accounting treatment adopted by the company[121].

Financial Performance - For the nine months ended September 30, 2023, the group's revenue was approximately HKD 132,200,000, an increase of 18.5% compared to HKD 111,500,000 for the same period in 2022[2] - The loss attributable to shareholders for the nine months ended September 30, 2023, was approximately HKD 4,700,000, a significant improvement from a loss of approximately HKD 10,100,000 in the same period last year[2] - The basic loss per share for the nine months ended September 30, 2023, was approximately HKD 0.75, compared to HKD 2.20 for the same period in 2022, reflecting a reduction of 65.9%[2] - For the three months ended September 30, 2023, the group's revenue was HKD 43,217,000, slightly up from HKD 42,333,000 in the same period of 2022[3] - The total comprehensive loss for the nine months ended September 30, 2023, was HKD 4,824,000, compared to a loss of HKD 2,295,000 in the same period of 2022[5] - The group reported a loss before tax of HKD 1,974,000 for the nine months ended September 30, 2023, compared to a loss of HKD 10,461,000 in the same period of 2022[3] Revenue Breakdown - The revenue from the Early Childhood Education business for the nine months ended September 30, 2023, was HKD 74,529,000, a slight increase from HKD 73,448,000 in the same period of 2022, representing a growth of 1.5%[14] - For the three months ended September 30, 2023, the revenue from the Dance Academy business was HKD 17,053,000, an increase of 20.5% compared to HKD 14,117,000 in the same period of 2022[14] - The group’s revenue from Hong Kong for the nine months ended September 30, 2023, was HKD 67,084,000, an increase of 46.3% from HKD 45,899,000 in the same period of 2022[22] - The group’s revenue from Singapore for the nine months ended September 30, 2023, was HKD 65,178,000, a slight decrease of 0.7% from HKD 65,648,000 in the same period of 2022[22] Costs and Expenses - Other income for the nine months ended September 30, 2023, was HKD 38,224,000, down from HKD 44,551,000 in the same period of 2022, representing a decrease of 14.2%[3] - The group incurred financing costs of HKD 3,845,000 for the nine months ended September 30, 2023, down from HKD 5,976,000 in the same period of 2022, indicating a reduction of 35.7%[3] - Interest expenses for borrowings for the nine months ended September 30, 2023, were HKD 1,234,000, down 43.3% from HKD 2,173,000 in the same period of 2022[24] - Employee and teaching consultancy service costs increased by approximately 6% to about HKD 87,000,000 during the reporting period[39] - Other operating expenses rose by approximately 23% to about HKD 29,400,000 compared to HKD 23,800,000 in the same period last year[39] Government Grants and Support - The group received government grants totaling HKD 4,730,000 for the nine months ended September 30, 2023, compared to HKD 3,186,000 in the same period of 2022, indicating a significant increase of 48.5%[18] Corporate Governance and Compliance - The company has not declared or recommended any dividends for the nine months ended September 30, 2023[31] - The company has adhered to the corporate governance code as per GEM listing rules, with no deviations reported as of September 30, 2023[74] - The audit committee, composed of independent non-executive directors, reviewed the group's accounting principles and practices without any objections regarding the unaudited consolidated results for the nine months ended September 30, 2023[78] Share Capital and Ownership - As of September 30, 2023, the company's issued share capital increased to HKD 68,640,000, comprising 686,400,000 shares following a rights issue[45] - Wealthy Together holds 298,125,000 shares, representing 43.43% of the company's issued share capital[60] - Xu Peixiang holds 39,980,000 shares, accounting for 5.82% of the company's issued share capital[60] - The company’s total authorized share capital is HKD 800,000,000, divided into 8,000,000,000 shares with a par value of HKD 0.1 each[45] Investment and Expansion Plans - The company aims to expand its presence in the education markets of Singapore and Australia[35] - The company is actively seeking investment opportunities to expand its dance school business in Hong Kong and overseas markets, particularly in Asia[51] - The board believes that the acquisition opportunities align with the company's business development and expansion plans, providing a strong platform for growth[51] Stock Options and Employee Incentives - The company has a stock option plan that allows for the issuance of up to 10% of the total issued shares, which is capped at 20,000,000 shares[63] - The stock option plan was adopted on September 26, 2014, and has undergone updates approved by shareholders in May 2019 and December 2019, allowing for a total of 35,410,000 shares to be issued under the plan[65][66] - The company is committed to recognizing and rewarding contributions from directors and employees through its stock option plan[63] - As of September 30, 2023, the company has 27,325,892 unexercised share options under the share option plan, with a total of 41,110,000 shares available for issuance, representing 5.99% of the 686,400,000 shares issued as of the report date[69][70] Legal and Regulatory Matters - The company has not yet applied new accounting standards that have been issued but are not yet effective, and is currently assessing their potential impact on operational performance and financial position[10] - The company’s legal advisors have confirmed that there have been no default events related to the convertible bonds, despite attempts by bondholders to appoint receivers[43][47] - As of September 30, 2023, the company has no significant contingent liabilities[54] - During the reporting period, no directors or controlling shareholders had any business interests that could compete with the company's operations[71] Other Notable Information - The company operates 23 wholly-owned dance centers in Hong Kong and 13 preschool institutions in Singapore as of September 30, 2023[35] - No significant acquisitions or major investments were reported during the period[48][49] - There were no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries during the reporting period[76]

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之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 SDM Education Group Holdings Limited SDM教育集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8363） 截至二零二三年九月三十日止九個月的 第三季度業績公告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所主板 上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並 應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市 場。 本公告的資料乃遵照《香港聯合交易所有限公司GEM證券上市規則》（「GEM上市規則」） 而刊載，旨在提供有關SDM教育集團控股有限公司（「本公司」）的資料；本公司的董事 （「董事」）願就本公告 ...

Financial Performance - The group's revenue for the six months ended June 30, 2023, was approximately HKD 89,000,000, compared to HKD 69,200,000 for the same period in 2022, representing a growth of about 28.6%[3] - The loss attributable to shareholders for the six months ended June 30, 2023, was approximately HKD 2,300,000, a significant improvement from a loss of HKD 15,500,000 in the same period last year, indicating a reduction of approximately 85.2%[3] - The basic loss per share for the six months ended June 30, 2023, was approximately HKD 0.38, compared to HKD 3.40 for the same period in 2022, reflecting a decrease of about 88.8%[3] - Total comprehensive loss for the six months ended June 30, 2023, was HKD 2,309,000, compared to a loss of HKD 7,728,000 in the same period last year, showing an improvement of approximately 70.1%[6] - The company reported a loss of HKD 2,268,000 for the six months ended June 30, 2023, compared to a loss of HKD 15,541,000 for the same period in 2022, indicating a significant improvement in performance[10] - The company’s total comprehensive loss for the period was HKD (3,667,000) for the six months ended June 30, 2023, compared to HKD (7,804,000) for the same period in 2022, indicating a reduction of approximately 53%[10] - The loss attributable to the owners of the company for the reporting period was approximately HKD 910,000, a decrease from a loss of approximately HKD 14,100,000 in the same period last year[69] Assets and Liabilities - Non-current assets as of June 30, 2023, amounted to HKD 259,463,000, a decrease from HKD 264,055,000 as of December 31, 2022[7] - Current assets increased to HKD 116,691,000 as of June 30, 2023, compared to HKD 100,144,000 as of December 31, 2022, representing a growth of approximately 16.5%[7] - The total liabilities as of June 30, 2023, were HKD 511,095,000, slightly down from HKD 513,904,000 as of December 31, 2022[7] - The total liabilities decreased from HKD 87,619,000 as of December 31, 2022, to HKD 81,812,000 as of June 30, 2023, showing a reduction of approximately 6.5%[8] - The company’s non-current liabilities decreased from HKD 71,224,000 as of December 31, 2022, to HKD 65,926,000 as of June 30, 2023, reflecting a decline of about 7.5%[8] - The total equity attributable to the owners of the company decreased to HKD (225,809,000) as of June 30, 2023, from HKD (245,022,000) as of December 31, 2022, indicating a reduction of approximately 7.5%[10] Cash Flow and Financing - The group reported a decrease in financing costs to HKD 2,496,000 for the six months ended June 30, 2023, compared to HKD 4,582,000 for the same period in 2022, reflecting a reduction of approximately 45.5%[4] - The net cash generated from operating activities for the six months ended June 30, 2023, was HKD 28,208,000, compared to HKD 17,638,000 for the same period in 2022, representing a 60% increase[12] - The net cash used in financing activities was HKD (15,968,000) for the six months ended June 30, 2023, compared to HKD (12,324,000) for the same period in 2022, representing an increase of 29.5%[12] - The company made a partial repayment of USD 2,000,000 (approximately HKD 15,600,000) to the noteholders on April 5, 2023, as part of the discussions regarding the repayment of convertible bonds[72] Revenue Breakdown - The total revenue for the six months ended June 30, 2023, was HKD 89,045,000, representing a 28.7% increase from HKD 69,214,000 in the same period of 2022[22] - The dance academy business generated revenue of HKD 32,560,000, up from HKD 17,000,000, indicating a significant growth[22] - The early childhood education business reported revenue of HKD 51,160,000, compared to HKD 48,096,000, reflecting a growth of 2.2%[22] - The total loss from the dance academy business was HKD 3,625,000, while the early childhood education business achieved a profit of HKD 13,903,000[25] Share Capital and Options - The company issued 228,800,000 new shares, increasing the issued share capital to HKD 68,640,000 as of June 30, 2023[10] - The total issued share capital of the company as of June 30, 2023, was HKD 68.64 million, divided into 686.4 million shares with a par value of HKD 0.1 each[96] - Directors and senior management hold a total of 418,125,000 shares, representing 60.92% of the issued share capital[93] - The company has 27,325,892 unexercised share options available for subscription as of June 30, 2023[106] - The total number of shares available for issuance under the share option plan is 41,110,000, accounting for 5.99% of the company's issued shares[107] - The share option plan was adopted on September 26, 2014, and allows for a maximum of 10% of the issued shares to be granted as options[100] Corporate Governance and Compliance - The company has received annual written confirmation from its controlling shareholders regarding compliance with the non-competition agreement as of December 31, 2022[110] - The company has adhered to all provisions of the corporate governance code as outlined in the GEM Listing Rules Appendix 15 for the six months ending June 30, 2023[111] - The audit committee, composed of independent non-executive directors, reviewed the unaudited consolidated results for the six months ending June 30, 2023, and found no objections to the accounting treatment adopted by the company[115] Future Plans and Opportunities - The board is actively seeking investment opportunities to expand its dance school business, particularly in the Asian market, and has been involved in acquiring preschool institutions in Singapore since 2018 and educational businesses in Australia since 2019[89] - The company aims to continue expanding its business in Hong Kong, mainland China, and overseas markets[90]

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。 SDM Education Group Holdings Limited SDM教育集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8363） 截至二零二三年六月三十日止六個月的 中期業績公告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所主板 上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並 應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市 場。 本公告的資料乃遵照《香港聯合交易所有限公司GEM證券上市規則》（「GEM上市規則」） 而刊載，旨在提供有關SDM教育集團控股有限公司（「本公司」）的資料；本公司的董事 （「董事」）願就本公告的 ...

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。 SDM Education Group Holdings Limited SDM教育集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8363） 有關截至二零二二年十二月三十一日止年度 之年度業績公告及年報之補充公告 茲提述(i)SDM教育集團控股有限公司（「本公司」，連同其附屬公司統稱「本集團」） 日期為二零二三年四月二十八日的公告，內容有關（其中包括）本集團截至二零二二 年十二月三十一日止年度之經審核年度業績（「二零二二年度業績公告」）；(ii)本公 司於二零二三年五月一日刊登的截至二零二二年十二月三十一日止年度之年報（「二 零二二年報」）（統稱「二零二二年度業績」）；及(iii)本公司日期為二零二三年五月十 五日有關本集團截至二零二三年三月三十一日止三個月之第一季度業績（「二零二三 年第一季度業績」）的公告。除文義另有所指，本公告所用詞彙與二零二二年度業績 所界定者具相同涵義。 核數 ...

Financial Performance - For the three months ended March 31, 2023, the group's revenue was approximately HKD 44.9 million, compared to HKD 20.5 million for the same period in 2022, representing a growth of 118.5%[2] - The loss attributable to shareholders for the three months ended March 31, 2023, was approximately HKD 1 million, a significant improvement from a loss of HKD 13.1 million in the same period last year[2] - The basic loss per share for the three months ended March 31, 2023, was approximately HKD 0.16, compared to a loss of HKD 2.87 per share in the previous year, indicating a reduction of 94.4%[4] - The group's other income for the three months ended March 31, 2023, was HKD 13.4 million, up from HKD 9.5 million in the same period last year, reflecting a growth of 40.5%[3] - The group's financing costs decreased to HKD 1.4 million for the three months ended March 31, 2023, from HKD 3.1 million in the same period last year, a reduction of 55.5%[3] - The group reported a pre-tax loss of HKD 0.5 million for the three months ended March 31, 2023, compared to a pre-tax loss of HKD 13.5 million in the same period last year, showing a significant improvement[3] - The total comprehensive loss for the three months ended March 31, 2023, was HKD 3.6 million, down from HKD 14.2 million in the same period last year, indicating a reduction of 74.7%[4] - The group recognized a foreign exchange loss of HKD 3.3 million from overseas operations for the three months ended March 31, 2023, compared to a loss of HKD 0.9 million in the same period last year[4] Revenue Breakdown - Revenue from the Dance Academy business reached HKD 16,345,000, up 526.5% from HKD 2,606,000 year-on-year[14] - Revenue from the Early Childhood Education business was HKD 26,009,000, representing a 68.1% increase from HKD 15,452,000 in the previous year[14] - Revenue from Hong Kong was HKD 22,240,000, a substantial rise of 270.5% compared to HKD 6,009,000 in 2022[17] - Revenue from Singapore amounted to HKD 22,740,000, an increase of 56.8% from HKD 14,492,000 year-on-year[17] - Total revenue increased from approximately HKD 20.5 million in the corresponding period of 2022 to approximately HKD 44.9 million in the reporting period, primarily due to an increase of approximately HKD 13.7 million from the dance academy business[32] Share Capital and Dividends - The total issued share capital increased to HKD 68,640,000, with 686,400,000 shares following a rights issue[26] - The company did not declare or propose any dividends for the three months ended March 31, 2023, consistent with the previous year[24] - The company issued 228.8 million shares through a rights issue, increasing the issued share capital to HKD 68.64 million[36] - As of March 31, 2023, the total issued share capital of the company was HKD 68,640,000, divided into 686,400,000 shares with a par value of HKD 0.1 each[47] Corporate Governance - The audit committee, composed of independent non-executive directors, reviewed the group's accounting principles and practices without any objections[64] - The company has adhered to all corporate governance code provisions without any deviations during the reporting period[60] - There were no conflicts of interest reported among directors or controlling shareholders during the reporting period[58] - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with the GEM listing rules[61] - The company received written confirmation from controlling shareholders regarding their compliance with non-competition agreements[59] Business Operations and Strategy - The company operates primarily in the fields of dance education, early childhood education, speech therapy, and photography services in Hong Kong and Singapore[6] - The number of enrolled students in Singapore's preschool institutions reached approximately 1,000, with a total capacity of 1,560, resulting in a utilization rate of 63%, up from 60% in the previous year[30] - Employee and teaching consultancy service costs rose by approximately 46% to about HKD 29.2 million, compared to approximately HKD 20 million in 2022[32] - The group aims to strengthen its position in the dance school industry in Hong Kong and overseas, actively seeking investment opportunities for further expansion in the Asian dance school sector[41] - Since 2018, the group has been expanding into mainstream education markets overseas, including acquiring several preschool institutions in Singapore and entering the education sector in Australia since 2019[41] - The board believes that the acquisitions provide an excellent development platform and opportunities to expand its early childhood education business internationally, enhancing competitiveness[41] Financial Liabilities and Investments - As of March 31, 2023, the company had unexercised convertible bonds with a book value of approximately HKD 281.2 million[37] - The company made a partial repayment of USD 2 million (approximately HKD 15.6 million) to bondholders on April 5, 2023, as part of the discussions regarding the repayment of convertible bonds[35] - The company did not hold any significant investments as of March 31, 2023[40] - There were no significant acquisition activities during the reporting period[39] - As of March 31, 2023, the group had no significant contingent liabilities[43] Stock Options - The company has a share option scheme established to reward directors and employees for their contributions, with a maximum share issuance limit of 10% of the total issued shares post-listing[52] - The company proposed to seek shareholder approval to update the stock option plan, allowing for a total of 35,410,000 shares to be issued, representing 10% of the issued shares as of the approval date[53] - As of March 31, 2023, the company had 27,325,892 unexercised stock options, which could potentially convert into the same number of new shares[56] - The total number of shares available for issuance under the stock option plan is 41,110,000, accounting for 5.99% of the company's 686,400,000 issued shares as of the report date[57] Other Information - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[63] - There were no major events during the reporting period[44] - The deferred tax expense for the period was HKD 217,000, slightly up from HKD 197,000 in the previous year[21]