智通财经APP讯，尝高美集团(08371)发布公告，本集团已透过其全资附属公司签订了一份新的租赁协议 (新租赁协议)，在中国香港开设一间新的金龙铁板餐厅(新餐厅)。新租赁协议仍有待业主执行。 业主为香港主要物业发展商及高级购物中心营运商。据董事经作出一切合理查询后所知、所悉及所信， 于本公告日期，业主为独立于本公司的第三方。 ...

业主为香港主要物业发展商及高级购物中心营运商。据董事经作出一切合理查询后所知、所悉及所信， 于本公告日期，业主为独立于本公司的第三方。 尝高美集团(08371)发布公告，本集团已透过其全资附属公司签订了一份新的租赁协议(新租赁协议)，在 中国香港开设一间新的金龙铁板餐厅(新餐厅)。新租赁协议仍有待业主执行。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 嚐 · 高美集團有限公司 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08371 | 說明 | TASTEGOURMET GP | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 | HKD | | 10 ...

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布的內容概不負責，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布全部或任何部分內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 (於開曼群島註冊成立之有限公司) (股份代號: 8371) 自願性公告 在香港開設一間新金龍鐵板餐廳 所訂立之租賃協議 本公告乃由嚐‧高美集團有限公司（「本公司」）自願作出，旨在向本公司股東及潛在投資者提 供本公司及其附屬公司（「本集團」）最新業務計劃及發展的最新資料。 本公司之董事會（「董事會」或「董事」）欣然宣布，本集團已透過其全資附屬公司簽訂了一 份新的租賃協議（「新租賃協議」），在香港開設一間新的金龍鐵板餐廳（「新餐廳」）。 新租賃協議仍有待業主執行。 業主為香港主要物業發展商及高級購物中心營運商。據董事經作出一切合理查詢後所知、所 悉及所信，於本公告日期，業主為獨立於本公司的第三方（定義見香港聯合交易所有限公司 （「港交所」）GEM證券上市規則（「GEM上市規則」））。 新餐廳：金龍鐵板餐廳，如心廣場，荃灣 新租賃協議之基本條款如下： 餐廳地點： 舖119，一樓 新租賃協議的條款是由業主與本集團 ...

致：香港交易及結算所有限公司 公司名稱: 嚐 · 高美集團有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08371 | 說明 | TASTEGOURMET GP | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 | HKD | | 100,000,000 | 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月3 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 嚐 · 高美集團有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08371 | 說明 | TASTEGOURMET GP | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 | HKD | | 100, ...

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布的內容概不負責，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布全部或任何部分內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 (於開曼群島註冊成立之有限公司) (股份代號: 8371) 補充公告 於2025年8月1日舉行的 股東週年大會投票表決結果 謹此提述嚐‧高美集團有限公司（「本公司」）於2025年8月1日有關股東週年大會投票表決結 果之公告（「該通告」）。 除非文義另有所指，否則本公布所用之專有詞彙具該通告之相同涵 義。 香港，2025 年 8 月 4 日 於本公告日期，董事會成員包括: 執行董事: 黃毅山 （主席） 陳慧珍 （行政總裁） 非執行董事: 余孟滔 （公司秘書） 獨立非執行董事: 陳婉婷 曾少春 王展望 - 1 - 本公司董事會（「董事會」）謹此向本公司股東及潛在投資者告知以下董事親身或以電子方式 出席股東週年大會：陳慧珍女士、陳婉婷女士、曾少春先生、王展望先生、黃毅山先生及余 孟滔先生。 上述補充資訊不影響該公告的其他內容 承董事會命 主席及執行董事 黃毅山 本公布乃遵照港交所GEM證券上市規則的規定提供有關 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 嚐 · 高美集團有限公司 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08371 | | 說明 | TASTEGOURMET GP | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 380,894,000 | | 0 | | 380,894,000 | | 增加 / 減少 (-) | | | | 0 | | 0 | | | | 本月底結存 | | | | 380,894,000 | | 0 | | 380,894,000 | ...

( 於開曼群島註冊成立之有限公司 ) (股份代號: 8371) 於2025年8月1日舉行的 股東週年大會投票表決結果 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布的內容概不負責，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布全部或任何部分內容而 產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 本公司的股份過戶登記分處卓佳證券登記有限公司，獲委任為股東週年大會的監票人。 並無任何人士於該通函內表示有意於股東週年大會上投票反對任何普通決議案或放棄投票。 茲提述嚐‧高美集團有限公司（「本公司」）於2025年7月3日刊發的股東週年大會（「股東週年 大會」）之通告（「股東週年大會通告」）與及本公司於2025年7月3日刊發之通函（「該通函」）。 股東週年大會投票表決結果 本公司董事會（「董事會」）欣然宣佈，載於股東週年大會通告的所有普通及特別決議案均於 股東週年大會上以投票表決方式獲正式通過，有關的投票表決結果如下： | | 普通決議案 | 票數及佔總票數的概約百分比 | | | --- | --- | --- | --- | | | | 贊成 | 反對 | | | 省覽、考慮及採納本公 ...

Company Information [Company Information](index=4&type=section&id=Company%20Information) This section provides general information about the company Financial Highlights [Financial Highlights](index=5&type=section&id=Financial%20Highlights) The Group achieved robust performance growth in FY2025, with revenue increasing by 19.1% year-on-year to HKD 1.22 billion and profit for the year increasing by 2.8% year-on-year to HKD 93.16 million, reflecting steady expansion in business scale Five-Year Financial Summary (As at March 31) | Metric (Thousand HKD) | 2021 | 2022 | 2023 | 2024 | 2025 | | :--- | :--- | :--- | :--- | :--- | :--- | | **Revenue** | 379,023 | 568,056 | 747,517 | 1,023,946 | 1,219,605 | | **Profit Before Tax** | 24,758 | 27,339 | 76,076 | 108,303 | 111,158 | | **Profit for the Year** | 24,232 | 22,088 | 69,521 | 90,650 | 93,163 | | **Total Assets** | 446,204 | 506,013 | 688,549 | 835,154 | 876,757 | | **Total Liabilities** | (288,081) | (351,073) | (498,592) | (595,810) | (603,945) | | **Net Assets** | 158,123 | 154,940 | 189,957 | 239,344 | 272,812 | Chairman's Statement [Chairman's Statement](index=6&type=section&id=Chairman's%20Statement) The Chairman's Statement highlights that Hong Kong's catering industry faces multiple structural challenges including northward consumption shifts, impact from food delivery platforms, competition from mainland brands, and rising costs, leading the Group to implement strategic reforms and digital transformation - Hong Kong's catering industry faces multiple pressures of **weak demand, high costs, and intensified competition**, constituting long-term structural challenges[8](index=8&type=chunk) - The Group actively addresses rising rental, food ingredient, and labor costs through measures such as **scaled procurement, logistics optimization, and flexible talent management**[9](index=9&type=chunk) - The Group's customer relationship management system membership has exceeded **190,000**, enabling more effective understanding of customer needs and strengthening customer relationships through data analysis[9](index=9&type=chunk) - The Group will continue to **deepen its brand diversification strategy**, explore new market opportunities, and enhance operational efficiency through digital transformation[11](index=11&type=chunk) CEO's Report [Business Review](index=8&type=section&id=Business%20Review) In FY2025, the Group actively expanded, opening 12 new restaurants, including its first entry into the Shenzhen market, and closing 1 underperforming restaurant, bringing the total number of restaurants to 66, while also acquiring the 'Tagano' trademark and achieving full ownership of its Chinese subsidiary - In FY2025, **12 new restaurants were opened**, including 'Shi Li Xiang Hui' in Shenzhen Bay MixC, marking the Group's first entry into the Shenzhen market[14](index=14&type=chunk) Changes in Number of Restaurants (As at Report Date) | Region | March 31, 2024 | March 31, 2025 | Report Date | | :--- | :--- | :--- | :--- | | Hong Kong | 50 | 60 | 63 | | Mainland China | 5 | 6 | 6 | | **Total** | **55** | **66** | **69** | - The Group acquired the trademark for the Japanese ramen brand 'Tagano' and acquired the remaining **40% equity interest** in its Chinese subsidiary for **RMB 9 million**, achieving full control[18](index=18&type=chunk) [Restaurant Operations](index=10&type=section&id=Restaurant%20Operations) In FY2025, the Group's restaurants served a total of 5.23 million customers, a year-on-year increase of 26.4%, though average spending per customer decreased to HKD 233.2 due to an increased revenue contribution from lower-spending brands, with Japanese cuisine remaining the largest revenue source at 49.7% of total revenue - Total customer visits increased by **26.4%** year-on-year to **5,230,386**, but average spending per customer decreased to **HKD 233.2**[20](index=20&type=chunk) Key Operating Data by Cuisine Type for FY2025 | Cuisine Type | Revenue (Thousand HKD) | Customer Visits | Average Spending Per Customer (HKD) | Daily Average Table Turnover Rate | | :--- | :--- | :--- | :--- | :--- | | Southeast Asian | 104,561 | 675,633 | 154.8 | 2.5 | | Japanese | 606,740 | 2,593,787 | 233.9 | 2.4 | | Chinese | 459,296 | 1,776,937 | 258.5 | 2.3 | | Western | 48,119 | 184,029 | 261.5 | 3.3 | | **Total** | **1,218,716** | **5,230,386** | **233.0** | **2.4** | [Financial Review](index=11&type=section&id=Financial%20Review) Total revenue for FY2025 increased by 19.1% year-on-year to HKD 1.22 billion, primarily driven by new restaurant contributions, while net profit increased by 2.8% to HKD 93.16 million, with slight increases in raw material and staff costs as a percentage of revenue reflecting changes in the restaurant portfolio Revenue Breakdown by Cuisine Type | Cuisine Type | FY2025 Revenue (Thousand HKD) | Percentage of Total Revenue | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Southeast Asian | 104,561 | 8.6% | 41.5% | | Japanese | 606,740 | 49.7% | 17.3% | | Chinese | 459,296 | 37.7% | 22.4% | | Western | 48,119 | 3.9% | (13.9%) | | **Total Revenue** | **1,219,605** | **100.0%** | **19.1%** | Key Costs as Percentage of Revenue | Cost Item | FY2025 (%) | FY2024 (%) | | :--- | :--- | :--- | | Raw Materials and Consumables Used | 27.4% | 26.9% | | Staff Costs | 30.6% | 30.0% | | Depreciation of Right-of-Use Assets | 13.6% | 13.7% | | Property Rental and Related Expenses | 5.0% | 5.4% | - Net profit was approximately **HKD 93.16 million**, a year-on-year increase of **2.8%**; profit attributable to owners of the Company was **HKD 95.53 million**, a year-on-year increase of **5.6%**[27](index=27&type=chunk) [Financial Resources and Position](index=13&type=section&id=Financial%20Resources%20and%20Position) The Group's financial position is robust, with no bank borrowings as of March 31, 2025, and a net cash position, with cash and cash equivalents amounting to HKD 191 million, primarily denominated in HKD, and no significant foreign exchange risk anticipated in the next 12 months - As of March 31, 2025, the Group had **no bank borrowings**, and cash and cash equivalents amounted to **HKD 190.9 million**[28](index=28&type=chunk) - The Group is in a **net cash position** with no significant contingent liabilities[29](index=29&type=chunk)[30](index=30&type=chunk) [Dividend Policy and Distribution](index=14&type=section&id=Dividend%20Policy%20and%20Distribution) The Board recommends a final cash dividend of HKD 0.080 per share, bringing the full-year dividend payout ratio to 56%, which exceeds the company's policy guideline of not less than 50%, demonstrating its commitment to shareholder returns - A final cash dividend of **HKD 0.080 per share** is proposed, higher than the previous year's HKD 0.074[32](index=32&type=chunk) - The Company has adopted a policy of an annual dividend payout ratio of not less than **50%** of profit attributable to shareholders, with the actual payout ratio for the current year being **56%**[33](index=33&type=chunk) [Future Outlook](index=14&type=section&id=Future%20Outlook) Facing global economic downturn pressures, the Group will continue to adhere to its core principle of 'value for money' by enhancing food quality and service, while actively seeking new potential restaurant locations in Hong Kong and mainland China to support future expansion - The key to the Group's success is providing a **'value for money' dining experience**, and it will continue to improve food quality and service levels in the future[34](index=34&type=chunk) - The Group will continue to negotiate with mall landlords to identify new potential restaurant locations in **Hong Kong and mainland China**[34](index=34&type=chunk) Directors' and Senior Management's Biographies [Directors' and Senior Management's Biographies](index=15&type=section&id=Directors'%20and%20Senior%20Management's%20Biographies) This section provides biographical details of the company's directors and senior management Directors' Report [Principal Activities and Results](index=19&type=section&id=Principal%20Activities%20and%20Results) The Company, an investment holding entity, primarily operates full-service restaurants in Hong Kong, with its financial performance detailed in the consolidated financial statements, and the Board recommends a final cash dividend of HKD 0.080 per share, with distributable reserves amounting to HKD 87.062 million as of March 31, 2025 - The Company's principal activities are operating **full-service restaurants and kiosks in Hong Kong**[55](index=55&type=chunk) - The Board recommends a final cash dividend of **HKD 0.080 per share**[58](index=58&type=chunk) - As of March 31, 2025, the Company's distributable reserves amounted to **HKD 87,062,000**[59](index=59&type=chunk) [Directors and Their Interests](index=20&type=section&id=Directors%20and%20Their%20Interests) The report discloses the Board members and their service contracts, noting that Chairman Mr. Wong Ngai Shan and CEO Ms. Chan Wai Chun, as spouses, collectively hold 68.59% of the Company's equity through controlled corporations, making them controlling shareholders, with detailed interests of directors and major shareholders in shares and share options also provided Directors' Long Positions in Shares (As at March 31, 2025) | Name of Director | Capacity/Nature of Interest | Total Interests | Approximate Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Mr. Wong Ngai Shan | Interest in Controlled Corporation and Spouse's Interest | 260,302,000 | 68.59% | | Ms. Chan Wai Chun | Interest in Controlled Corporation and Spouse's Interest | 260,302,000 | 68.59% | | Mr. Yu Mang To | Beneficial Owner | 1,026,000 | 0.27% | - Controlling shareholders Mr. Wong Ngai Shan and Ms. Chan Wai Chun collectively hold **260,302,000 shares**, representing **68.59%** of the total share capital, through IKEAB Limited and Kam Wah Enterprises Limited[73](index=73&type=chunk)[78](index=78&type=chunk)[80](index=80&type=chunk) [Share Option Scheme](index=25&type=section&id=Share%20Option%20Scheme) The Company adopted a 10-year share option scheme in 2017 to incentivize and retain eligible individuals, with 9,126,000 outstanding share options as of March 31, 2025, representing approximately 2.4% of the issued share capital, following the grant of 3,540,000 new options and the exercise of 804,000 options during the year - The Share Option Scheme aims to **incentivize and reward eligible individuals** such as directors, employees, and business partners who contribute to the Group[81](index=81&type=chunk) - As of March 31, 2025, there were **9,126,000 outstanding share options** under the Share Option Scheme, representing approximately **2.4%** of the issued share capital[87](index=87&type=chunk) Movements in Share Options During the Year | Item | Number of Shares | | :--- | :--- | | Outstanding as at April 1, 2024 | 6,390,000 | | Granted during the period | 3,540,000 | | Exercised during the period | (804,000) | | Lapsed during the period | – | | **Outstanding as at March 31, 2025** | **9,126,000** | [Other Disclosures](index=28&type=section&id=Other%20Disclosures) During the reporting period, the Group had no significant connected transactions, and controlling shareholders complied with their non-competition undertaking, while the Company maintained a public float of not less than 25% as required by GEM Listing Rules, and its remuneration policy is linked to individual and company performance, supported by a large and diversified customer base and top five suppliers accounting for approximately 27% of operating costs - For the year ended March 31, 2025, the Group had **no discloseable connected transactions**[94](index=94&type=chunk) - The Company maintained a sufficient public float of **not less than 25%** as required by the GEM Listing Rules[99](index=99&type=chunk) - As of March 31, 2025, the Group had **1,646 employees**, and its remuneration policy is linked to individual performance and company results[103](index=103&type=chunk) Corporate Governance Report [Board and Governance Structure](index=31&type=section&id=Board%20and%20Governance%20Structure) The Company is committed to maintaining a high level of corporate governance and complied with the Corporate Governance Code during the reporting year, with a six-member Board comprising two executive, one non-executive, and three independent non-executive directors, meeting Listing Rules requirements and ensuring a balance of power through the separation of Chairman and CEO roles - For the year ended March 31, 2025, the Company has **consistently complied with the code provisions** set out in the Corporate Governance Code[111](index=111&type=chunk) - The Board comprises **six members**, with three independent non-executive directors, constituting half of the Board members, in compliance with Listing Rules requirements[113](index=113&type=chunk)[116](index=116&type=chunk) - The roles of Chairman (Mr. Wong Ngai Shan) and Chief Executive Officer (Ms. Chan Wai Chun) are separated, ensuring a **balance of power and accountability**[127](index=127&type=chunk) [Board Committees](index=37&type=section&id=Board%20Committees) The Company has established four Board committees—Remuneration, Audit, Nomination, and Compliance—each chaired by an independent non-executive director, which regularly convene to fulfill their duties, including reviewing remuneration policies, financial statements, director nominations, and compliance matters, with good meeting attendance during the reporting period - The Remuneration Committee comprises one executive director and three independent non-executive directors, responsible for **reviewing the remuneration policies** for directors and senior management[139](index=139&type=chunk)[140](index=140&type=chunk) - The Audit Committee comprises three independent non-executive directors, responsible for **reviewing financial statements and internal controls**[143](index=143&type=chunk)[144](index=144&type=chunk) - The Nomination Committee comprises three independent non-executive directors, responsible for **making recommendations to the Board on director nominations and appointments**[147](index=147&type=chunk)[148](index=148&type=chunk) - The Compliance Committee comprises three independent non-executive directors, responsible for **reviewing the Group's regulatory compliance procedures and systems**[152](index=152&type=chunk)[153](index=153&type=chunk) [Risk Management, Internal Control and Others](index=41&type=section&id=Risk%20Management,%20Internal%20Control%20and%20Others) The Board oversees the effectiveness of risk management and internal control systems through annual reviews by the Audit Committee, covering financial, operational, and compliance controls, while the Company has established insider information handling procedures and adopted a standard code for directors' securities transactions, with Deloitte as the external auditor whose total audit and non-audit service fees amounted to HKD 2.7 million for the year, and maintains communication with shareholders through various channels - The Board, through the Audit Committee, reviewed the overall effectiveness of the Group's risk management and internal control systems, deeming them **effective**[155](index=155&type=chunk)[156](index=156&type=chunk)[158](index=158&type=chunk) - The Company has adopted the standard code of the GEM Listing Rules as the code of conduct for directors' securities transactions, and **all directors have confirmed compliance**[161](index=161&type=chunk) Auditor's Remuneration (For the year ended March 31, 2025) | Service Type | Amount (HKD) | | :--- | :--- | | Audit Services | 2,400,000 | | Non-Audit Services | 300,000 | | **Total** | **2,700,000** | Environmental, Social and Governance Report [Environment](index=50&type=section&id=Environment) The Group disclosed its environmental performance data, showing increased total greenhouse gas emissions and energy consumption with business expansion, but relatively stable emissions and energy intensity per operating day, while implementing waste management measures for food waste and used cooking oil, and adopting various energy-saving initiatives like energy-efficient lighting and electric vehicles to mitigate environmental impact, also addressing potential climate change risks to business operations Greenhouse Gas Emissions (Tonnes of CO2e) | Scope | FY2025 | FY2024 | | :--- | :--- | :--- | | Scope 1: Direct Emissions | 803.11 | 717.79 | | Scope 2: Indirect Emissions | 6,003.05 | 4,866.65 | | **Total Emissions** | **6,806.16** | **5,584.44** | Resource Consumption | Resource | Unit | FY2025 | FY2024 | | :--- | :--- | :--- | :--- | | Total Energy Consumption | kWh | 18,081,689 | 14,184,062 | | Total Water Consumption | Cubic Meters | 272,327 | 181,126 | - The Group has implemented various energy-saving measures, including using **energy-efficient lighting** in all restaurants and offices, turning off air conditioning and lights in certain areas during off-peak hours, and utilizing **electric vehicles** for all company cars[209](index=209&type=chunk)[207](index=207&type=chunk) [Society](index=54&type=section&id=Society) In terms of social responsibility, the Group emphasizes its role as an equal opportunity employer, committed to providing employees with competitive remuneration, incentive bonuses, and a positive working environment, with detailed employee data by gender, job level, age, and region, prioritizing employee health, safety, and career development through on-the-job training and external course subsidies, totaling 6,817.6 training hours in FY2025 Workforce Data (As at March 31, 2025) | Category | Breakdown | Number of Employees | Percentage of Total | | :--- | :--- | :--- | :--- | | By Gender | Female | 864 | 52.5% | | | Male | 782 | 47.5% | | By Employment Category | Senior Management | 73 | 4.4% | | | Middle Management | 207 | 12.6% | | | General Staff | 1,366 | 83.0% | | By Geographical Region | Hong Kong | 1,484 | 90.2% | | | Mainland China | 162 | 9.8% | | **Total** | | **1,646** | **100.0%** | - The Group is an **equal opportunity employer**, tolerating no form of discrimination, and implements a **performance-linked incentive bonus scheme** to retain employees[211](index=211&type=chunk) Training Data for FY2025 | Category | Total Training Hours | Average Training Hours Per Employee | | :--- | :--- | :--- | | **Total** | **6,817.6** | **4.14** | [Operating Practices](index=57&type=section&id=Operating%20Practices) The Group rigorously manages its supply chain, selecting suppliers based on strength, reputation, quality, and pricing, maintaining an approved list of over 300 key suppliers, while food safety and hygiene are central to operations with comprehensive quality control policies, and the Company strictly prohibits any form of commercial fraud and corruption, having donated approximately HKD 118,000 to charities and other organizations during the year - The Group maintains an **approved list of over 300 key suppliers**, selected and managed according to a strict set of standards to ensure stable supply and quality of ingredients[222](index=222&type=chunk)[224](index=224&type=chunk) - Food safety and hygiene are the **most critical factors in restaurant operations**, and the Group has implemented quality control policies closely integrated with supplier selection and food preparation processes[228](index=228&type=chunk) - The Group strictly prohibits any form of commercial fraud, including **corruption and deception**, and has established internal control policies and reporting channels[231](index=231&type=chunk) - During the year, the Group made donations of approximately **HKD 118,000** to charities and other organizations[234](index=234&type=chunk) Independent Auditor's Report [Audit Opinion and Key Audit Matters](index=61&type=section&id=Audit%20Opinion%20and%20Key%20Audit%20Matters) Independent auditor Deloitte Touche Tohmatsu issued an unqualified opinion on the Group's consolidated financial statements for the year ended March 31, 2025, affirming that the statements fairly present the Group's financial position and performance, with a key audit matter identified as the impairment of property, plant and equipment and right-of-use assets related to loss-making restaurants, due to the significant management judgment involved in its assessment - The auditor believes that the consolidated financial statements **fairly present, in all material respects**, the consolidated financial position of the Group as of March 31, 2025, and its financial performance and cash flows for the year then ended[236](index=236&type=chunk) - A key audit matter is the **impairment assessment of property, plant and equipment and right-of-use assets** for loss-making restaurants, as it requires significant management judgment on future cash flows, growth rates, and discount rates[238](index=238&type=chunk)[240](index=240&type=chunk) - Based on management's assessment, the total impairment loss recognized for property, plant and equipment and right-of-use assets for the year ended March 31, 2025, amounted to **HKD 9,960,000**[241](index=241&type=chunk) Consolidated Financial Statements [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=66&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) In FY2025, the Group's revenue was HKD 1.22 billion, a year-on-year increase of 19.1%, with profit before tax at HKD 111 million, up 2.6%, and profit for the year at HKD 93.16 million, up 2.8%, resulting in basic earnings per share of 25.2 HK cents Consolidated Statement of Profit or Loss Summary (For the year ended March 31) | Metric (Thousand HKD) | 2025 | 2024 | | :--- | :--- | :--- | | Revenue | 1,219,605 | 1,023,946 | | Profit Before Tax | 111,158 | 108,303 | | Profit for the Year | 93,163 | 90,650 | | Profit for the Year Attributable to Owners of the Company | 95,533 | 90,458 | | Basic Earnings Per Share (HK cents) | 25.2 | 23.9 | [Consolidated Statement of Financial Position](index=67&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of March 31, 2025, the Group's total assets were HKD 877 million, total liabilities were HKD 604 million, and net assets were HKD 273 million, representing a 13.8% increase from the previous year, with non-current assets primarily comprising right-of-use assets (HKD 418 million) and property, plant and equipment (HKD 162 million), and cash and cash equivalents within current assets amounting to HKD 191 million Consolidated Statement of Financial Position Summary (As at March 31) | Metric (Thousand HKD) | 2025 | 2024 | | :--- | :--- | :--- | | **Assets** | | | | Non-current Assets | 656,812 | 664,291 | | Current Assets | 219,945 | 170,863 | | **Total Assets** | **876,757** | **835,154** | | **Liabilities and Equity** | | | | Current Liabilities | 286,389 | 239,186 | | Non-current Liabilities | 317,556 | 356,624 | | **Total Liabilities** | **603,945** | **595,810** | | **Net Assets** | **272,812** | **239,344** | | **Total Equity** | **272,812** | **239,344** | [Consolidated Statement of Cash Flows](index=70&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) In FY2025, net cash generated from operating activities was HKD 349 million, a 16.3% year-on-year increase, demonstrating strong core business cash generation, while net cash outflow from investing activities was HKD 73.52 million, primarily for property, plant and equipment, and net cash outflow from financing activities was HKD 228 million, mainly for lease liability repayments and dividend payments, resulting in a net increase in cash and cash equivalents of HKD 48.16 million to HKD 191 million at year-end Consolidated Statement of Cash Flows Summary (For the year ended March 31) | Metric (Thousand HKD) | 2025 | 2024 | | :--- | :--- | :--- | | Net Cash Generated from Operating Activities | 349,478 | 300,476 | | Net Cash Used in Investing Activities | (73,524) | (96,717) | | Net Cash Used in Financing Activities | (227,790) | (178,795) | | Net Increase in Cash and Cash Equivalents | 48,164 | 24,964 | | **Cash and Cash Equivalents at End of Year** | **190,888** | **142,973** | [Notes to the Consolidated Financial Statements (Selected)](index=72&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements%20(Selected)) The notes to the financial statements provide detailed explanations of accounting policies, key estimates, segment information, and various assets and liabilities, with revenue primarily deriving from restaurant operations in Hong Kong and China, right-of-use assets and lease liabilities as significant balance sheet items reflecting the Group's leased properties, and comprehensive disclosures on the share option scheme and related party transactions [Note 5. Revenue and Segment Information](index=87&type=section&id=Note%205.%20Revenue%20and%20Segment%20Information) The Group's revenue primarily comes from restaurant operations, with Japanese cuisine being the largest contributor at 49.7% by type, and geographically, Hong Kong is the main market, contributing HKD 1.156 billion in revenue (94.8% of total), while mainland China contributed HKD 63.92 million, with the Hong Kong segment recording a profit of HKD 134 million and the China segment a loss of HKD 3.24 million Segment Results by Region for FY2025 | Region | External Sales Revenue (Thousand HKD) | Segment Profit (Loss) (Thousand HKD) | | :--- | :--- | :--- | | Hong Kong | 1,155,690 | 133,875 | | China | 63,915 | (3,238) | | **Consolidated** | **1,219,605** | **130,637** | [Note 15. Right-of-Use Assets](index=98&type=section&id=Note%2015.%20Right-of-Use%20Assets) As of March 31, 2025, the Group's right-of-use assets had a carrying amount of HKD 418 million, primarily consisting of leased restaurant properties, with depreciation expense of HKD 165 million and an impairment loss of HKD 4.63 million recognized during the year, and the Group holds renewal options for 13 premises to enhance operational flexibility - As of March 31, 2025, the carrying amount of right-of-use assets was **HKD 417,988,000**, with depreciation expense for the year amounting to **HKD 165,305,000**[363](index=363&type=chunk) [Note 38. Share-based Payment Transactions](index=126&type=section&id=Note%2038.%20Share-based%20Payment%20Transactions) The Company has a share option scheme to incentivize eligible individuals, with 3,540,000 new share options granted on February 17, 2025, at an exercise price of HKD 1.58 per share, and as of March 31, 2025, there were 9,126,000 outstanding share options with a weighted average remaining contractual life of 7.03 years - On February 17, 2025, **3,540,000 new share options** were granted with an exercise price of **HKD 1.58**, valid until 2035[450](index=450&type=chunk) - As of March 31, 2025, the total number of **outstanding share options was 9,126,000**[451](index=451&type=chunk)