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） 8371 （股份代號: ） 2023 9 30 截至 年 月 日止六個月的 中期業績公布 財務摘要： • 2023 9 30 截至 年 月 日止六個月新增十一間餐廳。 • 39.2% 1,992,954 顧客人數增加 至 人次。 • 234.4 246.6 人均消費由 港元增加至 港元。 • 46.5% 491,529,000 收益增加約 至 港元。 • 47,763,000 本公司擁有人應佔溢利增至約 港元。 ...

Financial Performance - The group's revenue for the three months ended June 30, 2023, was HKD 220,636,000, representing an increase of approximately 47% compared to HKD 150,135,000 for the same period in 2022[19] - The net profit attributable to the company's owners for the three months ended June 30, 2023, was HKD 17,497,000, compared to HKD 16,381,000 for the same period in 2022, reflecting a growth of approximately 6.8%[22] - The group reported a pre-tax profit of HKD 21,638,000 for the three months ended June 30, 2023, compared to HKD 15,684,000 for the same period in 2022, indicating an increase of approximately 37.9%[19] - The total comprehensive income for the period was HKD 17,494,000, compared to HKD 14,624,000 for the same period in 2022, marking an increase of approximately 19.1%[19] - The basic and diluted earnings per share for the three months ended June 30, 2023, were both 5 HK cents, compared to 4.2 HK cents for the same period in 2022[28] - The company reported a profit attributable to owners of the company of HKD 17,497,000 for the three months ended June 30, 2023, compared to HKD 16,381,000 for the same period in 2022, representing an increase of 6.8%[49] - Net profit for the three months ended June 30, 2023, was approximately HKD 17,850,000, representing an increase of about HKD 2,307,000 or 14.8% compared to the previous year[71] - Adjusted net profit increased by approximately HKD 13,871,000 or 348.6% after accounting for government subsidies from the previous fiscal year[71] Employee Costs - Employee costs increased by approximately 32% in the first quarter of FY2024 compared to FY2023, primarily due to an increase in the number of restaurants[2] - The percentage of employee costs to revenue decreased from 32.6% in FY2023 to 29.3% in FY2024, despite the increase in employee costs[2] - Employee costs rose to HKD 64,697,000, accounting for 29.3% of total revenue, compared to 32.6% in the previous year[67] Revenue Growth - Total revenue for Q1 2024 reached HKD 220,636,000, an increase of 47.0% compared to Q1 2023[62] - The number of customers served in Q1 2024 was 884,500, representing an increase of 246,103 customers or 38.6% year-over-year[60] - The average spending per customer rose from HKD 235.2 to HKD 249.4, reflecting a growth in consumer spending[60] - The company opened four new restaurants during the first quarter of the fiscal year 2024, increasing the total number of restaurants in Hong Kong from 39 to 42[51] - The overall number of restaurants increased from 42 to 45, with a net addition of 4 new restaurants after accounting for closures[55] Costs and Expenses - The cost of materials and supplies increased by 32.8% to HKD 60,387,000, aligning with revenue growth[67] - Property rental and related expenses increased by approximately 31.3% compared to Q1 FY2023, primarily due to more restaurants commencing operations in Q1 FY2024[68] - Other expenses increased by 42.8% to approximately HKD 11,068,000, aligning with revenue growth, while the percentage of other expenses to revenue slightly decreased to about 5.0%[70] - Depreciation of property, plant, and equipment increased by about 32.0%, while right-of-use asset depreciation rose by 57.5% compared to Q1 FY2023, attributed to more restaurants opening and new lease agreements[70] Cash Position and Debt - The group maintained a net cash position as of June 30, 2023, with net debt to equity ratio being zero[4] - Cash and cash equivalents as of June 30, 2023, amounted to HKD 126,500,000, with no bank borrowings reported[72] Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 for the three months ending June 30, 2023[90] - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the three months ending June 30, 2023, confirming compliance with applicable accounting standards and disclosure requirements[92] - The Audit Committee consists of independent non-executive directors, ensuring oversight of the financial reporting process[92] - The company has adopted written guidelines for directors' securities transactions, ensuring compliance with GEM Listing Rules[92] Shareholder Information - As of June 30, 2023, major shareholders Mr. Huang and Ms. Chen each hold 260,302,000 shares, representing approximately 68.74% of the company's equity[87] - IKEAB Limited, beneficially owned by Mr. Huang and Ms. Chen, holds 250,318,000 shares, accounting for 66.10% of the company's equity[87] Other Information - The company did not receive any rent concessions in the first quarter of FY2024, whereas it received approximately HKD 2,100,000 in rent concessions in the first quarter of FY2023[1] - The company did not recommend the payment of an interim dividend for the three months ended June 30, 2023[46] - The company has no significant contingent liabilities as of June 30, 2023[74] - The company’s outstanding capital commitments as of June 30, 2023, were approximately HKD 6,900,000[75] - The company has not entered into any arrangements that would allow directors to benefit from acquiring shares or debt securities of the company[85] - The company has no knowledge of any person (other than directors) holding any interests or short positions in shares or related securities that require disclosure under the Securities and Futures Ordinance as of June 30, 2023[89] - The company expresses gratitude to all employees and management for their contributions during the period[93] - The company applied new and revised Hong Kong Financial Reporting Standards for the first time during this period, which did not have a significant impact on the financial performance[46] - The company anticipates continued business improvement throughout the fiscal year as tourist numbers gradually increase in Hong Kong and globally[77]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公布的內容概 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） 8371 （股份代號: ） 2023 6 30 截至 年 月 日止三個月的 第一季度業績公布 財務摘要： • 38.6% 884,500 顧客人數增加 至 人次。 • 235.2 249.4 人均消費由 港元增加至 港元。 • 47.0% 220,600,000 收益增加約 至 港元。 • 1,100,000 6.8% 本公司擁有人應佔溢利增加約 港元或 。 • 嚐 高美集團有限公司（「本公司」）董事會（「董事會」或「董事」）欣然宣佈本 2023 6 30 ...

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) 澄清公告 截至2023年3月31日止年度的 年度業績公布 謹此提述嚐‧高美集團有限公司（「本公司」）在香港聯合交易所有限公司（「港交所」）的網 站 www.hkexnews.hk以及在本公司的網站 www.tastegourmet.com.hk刊登日期為2023年6 月23日有關截至2023年3月31日止的年度業績公布（「該通告」）以及日期為2023年6月28日有關 截至2023年3月31日止的年報（「該年報」）。除非文義另有所指，否則本公布所用之專有詞彙具 該通告及該年報之相同涵義。 本公司董事會（「董事會或董事」）謹此更正在該通告之英文及中文版本內之錯誤如下： “現金股息支票將於2023年8月24日或前後以普通郵遞方式寄發予股東，郵誤風 ...

Business Operations and Financial Performance - The company reported a recovery in business operations due to the easing of COVID-19 restrictions and the resumption of dine-in services, benefiting from government measures implemented since April 21, 2022[33]. - For the fiscal year ending March 31, 2023, the net profit and profit attributable to the company's owners were approximately HKD 69,521,000 and HKD 68,567,000, respectively, representing an increase of approximately HKD 47,433,000 or 214.7% and an increase of approximately HKD 42,186,000 or 159.9% compared to the previous year[48]. - Employee costs increased by approximately 32.1% in the fiscal year 2023 compared to 2022, primarily due to the opening of new restaurants and an increase in core staff numbers[45]. - The company maintained a dividend payout ratio of not less than 50% of profit attributable to shareholders, with a dividend payout ratio of 55.2% for the fiscal year ending March 31, 2023[51]. - The company has no bank borrowings as of March 31, 2023, indicating a strong financial position[49]. - The distributable reserves for shareholders as of March 31, 2023, amount to HKD 45,297,000, down from HKD 56,752,000 in 2022[94]. - The company proposed a final cash dividend of HKD 0.052 per share for the year ended March 31, 2023, compared to HKD 0.016 for the year ended March 31, 2022, and HKD 0.048 for the interim dividend for the six months ended September 30, 2022[117]. Challenges and Management Strategies - The management highlighted ongoing challenges such as global inflation and supply chain pressures, which have significantly increased operating costs, particularly for food ingredients[34]. - The company is facing labor shortages in the restaurant industry, exacerbated by a declining and aging population in Hong Kong, necessitating government intervention to expand the labor force[34]. - The management remains cautiously optimistic about overcoming challenges while navigating the current economic landscape[34]. - The company has implemented cost-saving measures and internal training programs to enhance management structure and operational efficiency[33]. Risk Management and Compliance - The company has established various risk management guidelines and procedures to ensure compliance and operational safety[2]. - The risk management and internal control systems are designed to manage business risks and protect the company's assets from fraud or other violations[40]. - The audit committee met at least four times a year to review the effectiveness of the risk management and internal control systems[41]. - The company has established a whistleblowing procedure for employees to confidentially report misconduct or other concerns[41]. - The company has faced potential risks and uncertainties, as described in the financial statements[116]. Corporate Governance - The company emphasized the importance of fair disclosure and the integrity of information provided to build market confidence[19]. - The company has adopted GEM Listing Rules as the code of conduct for directors in securities trading, confirming compliance for the entire fiscal year ending March 31, 2023[97]. - The company has complied with the corporate governance code throughout the fiscal year ending March 31, 2023[179]. - The company has complied with the corporate governance code as per GEM listing rules for the fiscal year ending March 31, 2023[196]. - The company aims to enhance shareholder value through good corporate governance practices[200]. - The company will continue to focus on promoting good corporate governance to attract investment and protect shareholder rights[200]. Shareholder Information and Equity - As of March 31, 2023, Mr. Huang and Ms. Chen each hold 260,302,000 shares, representing approximately 68.78% ownership in the company[131]. - IKEAB Limited, beneficially owned by Mr. Huang and Ms. Chen, holds 250,318,000 shares, accounting for 66.14% of the total shares[131]. - The company has 7,060,000 unexercised share options under the share option scheme, which represents about 1.9% of the issued share capital as of March 31, 2023[140]. - The company has no significant contracts in which directors have a substantial interest, as disclosed in the financial statements[103]. - The company has no knowledge of any shareholders being exempt from taxes due to holding its securities[121]. - The company has no interests in any business that competes directly or indirectly with its operations[150]. - The company has no knowledge of any person (other than directors) holding any interests in shares that require disclosure under the Securities and Futures Ordinance as of March 31, 2023[158]. Employee and Director Information - The company’s management team includes experienced professionals with extensive backgrounds in the restaurant industry and finance[80][84]. - The company has established service agreements with directors, with terms lasting three years from their respective appointment dates[124]. - Each independent non-executive director is entitled to an annual director's fee of HKD 100,000, with no additional remuneration expected[148]. - The independent non-executive directors have a term of three years starting from January 17, 2023, with provisions for re-election[147]. - As of March 31, 2023, the company had a total of 1,130 employees, with 1,039 located in Hong Kong[173]. Donations and Community Engagement - The company made charitable and other donations amounting to HKD 121,000 for the fiscal year ending March 31, 2023[169]. Share Option Plan - The company has a share option plan adopted on December 20, 2017, allowing for the granting of options to various eligible persons[134]. - The stock option plan allows for a total of 40,000,000 shares to be granted, representing approximately 10.6% of the company's issued share capital[164]. - The exercise price for stock options granted in 2018 is HKD 0.92, with various exercise periods extending to 2028[165]. - The share options granted to directors and senior management are subject to approval from independent non-executive directors[138]. - The company must obtain shareholder approval for any share options granted that exceed a total value of HKD 5,000,000 based on the closing price on the grant date[138]. - The stock options granted to employees are capped at 10% of the total issued shares at the time of listing[162].

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） 8371 （股份代號: ） 2023 3 31 截至 年 月 日止年度的 年度業績公布 財務摘要： • 2023 3 31 42 於 年 月 日餐廳數量增加至 間。 • 2023 3 31 自 年 月 日起新增三間餐廳。 • 15.6% 3,095,170 顧客人數增加 至 人次。 • 212.1 241.3 人均消費由 港元增加至 港元。 • 31.6% 747,500,000 年內收益增加 至約 港元。 ...

Financial Performance - Adjusted net profit decreased by approximately HKD 8,754,000 or 21.0%, and profit attributable to owners decreased by approximately HKD 11,303,000 or 25.2% in Q3 2023[2] - In Q3 FY2023, the total revenue reached HKD 527,515,000, representing a 6.0% increase compared to Q3 FY2022[33] - Revenue growth was influenced by the operation of restaurants opened in FY2022, despite the impact of dining restrictions[45] - The company reported a profit attributable to owners of HKD 17,043,000 for the three months ended December 31, 2022, compared to HKD 18,346,000 for the same period in 2021, reflecting a decrease of 7.1%[55] - Total comprehensive income attributable to owners for the three months ended December 31, 2022, was HKD 17,281,000, down from HKD 18,527,000 in the previous year, indicating a decline of 6.7%[55] - The total revenue for the nine months ended December 31, 2022, was HKD 50,120,000, an increase from HKD 44,812,000 in the same period of 2021, marking a growth of 11.5%[55] - Basic earnings per share for the nine months ended December 31, 2022, was HKD 13.0, compared to HKD 11.6 for the same period in 2021, reflecting a growth of 12.1%[62] - The company reported a total comprehensive income for the nine months ended December 31, 2022, of HKD 48,202,000, up from HKD 42,194,000 in the previous year, indicating a growth of 14.2%[55] - Revenue for the three months ended December 31, 2022, was HKD 192,029,000, an increase of 5.8% compared to HKD 182,445,000 for the same period in 2021[70] - Net profit for the three months ended December 31, 2022, was HKD 17,441,000, up 4.7% from HKD 16,664,000 in the previous year[70] Employee Costs - Employee costs increased by approximately 15.6% in Q3 2023 compared to Q3 2022, with employee costs as a percentage of revenue rising from 27.7% to 29.6%[1] - Employee costs increased by 15.6% to HKD 156,152,000, up from HKD 137,707,000, representing 29.6% of total revenue[51] - Employee costs for the three months ended December 31, 2022, were HKD 51,736,000, representing a rise of 3.6% from HKD 49,935,000 in the same period of 2021[70] Operational Metrics - The average daily revenue per restaurant in Q3 2023 was slightly above the benchmark set in June 2020, despite lower revenues in April 2022 due to government restrictions[17] - Customer visits totaled 2,219,370, a decrease of 123,209 visits or 5.3% from Q3 FY2022, primarily due to the government's dining restrictions[30] - Average spending per customer increased from HKD 212.4 in Q3 FY2022 to HKD 237.7 in Q3 FY2023[30] - The number of operating restaurants at the end of Q3 FY2023 was 41, unchanged from the previous quarter[37] - The company opened six new restaurants in the third quarter of FY2023, including locations in Mong Kok, Tung Chung, Tsim Sha Tsui, Megabox, Tsuen Wan, and Sha Tin[85] - The total number of restaurants as of December 31, 2022, was 38, an increase from 34 as of March 31, 2022[88] Costs and Expenses - The cost of materials and consumables rose by approximately 4.4%, maintaining a stable percentage of 29.7% of revenue[35] - The company incurred finance costs of HKD 7,779,000, which is 1.5% of total revenue, up from HKD 6,937,000 in the previous year[51] - The company's operating expenses related to property rent and associated costs grew by approximately 15.5% due to more restaurants being operational[95] - Depreciation of property, plant, and equipment rose by 28.2% to HKD 21,304,000, compared to HKD 16,624,000, accounting for 4.0% of total revenue[51] - The percentage of property rent and related expenses to revenue increased from 5.3% to 5.8% due to government restrictions on dine-in services[95] - Other expenses amounted to approximately HKD 28.71 million, an increase of about 10.4% compared to the previous year, maintaining a stable percentage of about 5.4% of revenue[107] Financial Position - As of December 31, 2022, cash and cash equivalents amounted to HKD 113,700,000, primarily denominated in HKD, with no significant foreign exchange risk anticipated in the next 12 months[4] - The company has no significant contingent liabilities as of December 31, 2022[5] - The company has no major or contingent liabilities as of December 31, 2022, indicating a stable financial position[5] - The company has no bank borrowings as of December 31, 2022, indicating a net cash position[109] Corporate Governance - The board of directors confirmed compliance with trading standards as of December 31, 2022[13] - The audit committee, responsible for reviewing financial reporting and internal controls, consists of independent non-executive directors[118] - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[117] - The company has not engaged in any arrangements that would allow directors to benefit from acquiring shares or debentures of the company[124] - The company has not disclosed any interests or short positions in shares that require notification under the Securities and Futures Ordinance[126] Strategic Focus - The company aims to enhance food quality and provide the best service, emphasizing value for money as a key to success during challenging times[19] - The company is focused on expanding its market presence and enhancing operational efficiency through strategic cost management and investment in new technologies[59] - The company is focused on expanding its restaurant network while managing operational costs effectively[95] - The company has committed to four new leases and is in discussions for potential new locations in Hong Kong and China[120] - The company decided not to renew leases for two underperforming restaurants to optimize employee allocation and increase profitability per employee[85] Shareholder Information - Major shareholders Mr. Huang and Ms. Chen each hold 68.776% equity in the company, totaling 260,302,000 shares[112] - The company has a total of 9,984,000 shares held by its major shareholders, which are considered as their equity[122] - The company has not purchased, sold, or redeemed any of its listed securities during the nine months ending December 31, 2022[127]

Restaurant Operations - The group opened two new restaurants during the six months ended September 30, 2022: a Taiwanese hot pot restaurant in Mong Kok and QUE Japanese Café in Tung Chung[18]. - The group closed the restaurant in Shanghai due to significantly lower than expected foot traffic, resulting in a total of 37 restaurants as of September 30, 2022[18][19]. - The number of restaurants in Hong Kong remained stable at 34, with a slight reduction in the number of "Pin Yue" restaurants from 3 to 2[19]. - The group experienced employee shortages, leading to the closure of two restaurants in September 2022, with plans to reallocate staff to more efficient locations[18]. - The group reported a total of 10 new restaurants opened during the fiscal year, with 5 closures, resulting in a net increase of 2 restaurants[23]. - The group maintains a diversified cuisine offering, with 19 Japanese, 12 Chinese, 3 Southeast Asian, and 3 Western restaurants as of September 30, 2022[22]. - The group aims to enhance employee productivity by reallocating staff to higher-performing restaurants[18]. - The group is focused on strategic expansion and optimizing restaurant performance to improve profitability[18]. Financial Performance - The company recorded revenue of HKD 335,486,000 for the first half of the 2023 fiscal year, an increase of 6.4% compared to HKD 315,172,000 in the same period of 2021[32]. - The total number of customers served across all restaurants was 1,431,274, a decrease of 106,359 customers or 6.9% compared to the first half of the 2022 fiscal year[28]. - Average spending per customer increased from HKD 205.0 to HKD 234.4, reflecting a positive trend in consumer spending[28]. - The company received approximately HKD 1,700,000 in subsidies related to the anti-epidemic fund and about HKD 14,300,000 from the employment support scheme during the first half of the 2023 fiscal year[37]. - The company achieved a slight increase in average daily revenue per restaurant, surpassing the benchmark set in June 2020, despite ongoing social distancing measures[36]. - The cost of materials and supplies increased by approximately 4.2% compared to the previous year, aligning with revenue growth, while the percentage of materials and supplies to revenue slightly decreased from 30.4% to 29.8%[39]. - Employee costs rose by 19.0% to HKD 104,416,000, representing 31.1% of total revenue, compared to 27.8% in the previous year[39]. - The company experienced a significant impact on customer numbers due to the government's dining restrictions prior to April 20, 2022[28]. - Employee costs increased by approximately 19.0% in the first half of the 2023 fiscal year compared to the same period in 2022, with employee costs as a percentage of revenue rising from 27.8% to 31.1%[40]. - Property rental and related expenses grew by about 23.9% due to more restaurants being operational, with these expenses as a percentage of revenue increasing from 5.2% to 6.0%[42]. - Other expenses amounted to approximately HKD 18,083,000, an increase of about 11.5%, with these expenses as a percentage of revenue slightly rising from 5.1% to 5.4%[43]. - Net profit for the six months ended September 30, 2022, was approximately HKD 32,092,000, representing an increase of about HKD 7,080,000 or 28.3%[45]. - Adjusted net profit decreased by approximately HKD 8,875,000 or 35.5% after accounting for government subsidies and listing expenses[46]. - As of September 30, 2022, the group had cash and cash equivalents of HKD 117,400,000, with no bank borrowings[48]. - The group is in a net cash position, indicating no significant debt relative to equity[49]. - The interim cash dividend declared is HKD 0.048 per share, totaling approximately HKD 18,200,000[58]. - The current dividend policy is to distribute no less than 50% of the profit attributable to the owners of the company[59]. Strategic Focus and Future Plans - The business is expected to continue improving as vaccination rates in Hong Kong and mainland China rise, with a focus on enhancing food quality and service[60]. - The company is actively negotiating new potential locations in Hong Kong and mainland China, in addition to two committed new leases[62]. - The company emphasizes the importance of providing value for money to meet customer expectations during challenging times[60]. - The company plans to continue its strategy of market expansion and enhancing customer dining experiences[60]. - The focus on improving dining experiences aligns with the company's strategy to adapt to changing customer behaviors due to social distancing[60]. - The company plans to continue its market expansion and product development strategies in the upcoming periods[196]. Share Options and Governance - The total number of unexercised share options for Mr. Liu is 60,000 shares, representing approximately 0.016% of the equity[66]. - The company has granted share options to directors, with various exercise prices and periods outlined[66]. - The company is committed to maintaining transparency regarding the interests of directors and senior management in shares and related securities[66]. - The company repurchased a total of 8,456,000 shares from the market between September 28, 2022, and October 11, 2022, demonstrating confidence in its long-term business prospects[75]. - The highest share price during the repurchase period was HKD 1.09, while the lowest was HKD 1.07, with a total cost of approximately HKD 10,000,000[77]. - As of September 30, 2022, the company had 7,260,000 unexercised share options, representing about 1.9% of the total issued share capital[85]. - The share option plan allows for a total of 40,000,000 shares to be granted, which is approximately 10.6% of the company's issued share capital[81]. - The exercise price for share options is determined based on the average closing price of the shares over the five trading days prior to the grant date[80]. - The company aims to attract and retain experienced personnel through the share option plan, which has been in effect since January 17, 2018, for a duration of 10 years[81]. - The company purchased shares at an average price of approximately HKD 1.08 during the repurchase period[77]. - The repurchase of shares is intended to enhance shareholder value by reflecting the company's belief in its intrinsic value[75]. - The company has not engaged in any other purchases, sales, or redemptions of its listed securities during the reporting period[77]. - The share option plan requires independent non-executive director approval for grants to directors or major shareholders, ensuring compliance with governance standards[83]. Compliance and Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[193]. - The audit committee reviewed the unaudited consolidated financial statements for the six months ended September 30, 2022, and found them compliant with applicable accounting standards[195]. - The company has no competition-related business activities from directors or major shareholders as of September 30, 2022[194]. - The company expressed gratitude to all employees and management for their contributions during the reporting period[197]. - The board of directors includes executive and independent non-executive members, ensuring a balanced governance structure[198]. - The company has adopted written guidelines for directors' securities transactions, adhering to GEM listing rules[194]. - The financial statements reviewed include the consolidated financial position as of September 30, 2022, and the related consolidated income statement for the six-month period ending on that date[200]. - The report complies with the GEM listing rules and Hong Kong Accounting Standards No. 34 for interim financial reporting[200]. - The responsibility for preparing and presenting the financial statements lies with the company's board of directors[200].

TASTE·GOURMET GROUP LIMITED 僧・高美集團有限公司 (於開曼群島註冊成立的有限公司) 股份代號：8371 上 NO DE W 山見台式火锅 2022/23 第1 季度業績報告 raci （於開曼群島註冊成立之有限公司） （股份代號: 8371） 截至2022年6月30日止三個月 第一季度業績報告 香港聯合交易所有限公司（「聯交所」）「GEM」的特色 GEM的定位，乃為較其他在聯交所上市之公司帶有更高投資風險的中小型公司提供一個上 市的市場。有意投資者應了解投資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的證 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。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不就因本報告全部或任何部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。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定提供有關嚐 • 高美集團有限 公司（「本公司」）的資 ...

Financial Performance - Total revenue for the fiscal year ended March 31, 2022, was HKD 568,056,000, representing an increase from HKD 379,023,000 in the previous year, which is a growth of approximately 50%[8] - The profit before tax for the same period was HKD 27,339,000, compared to HKD 24,758,000 in the prior year, indicating an increase of about 10%[8] - The net profit attributable to the owners of the company was HKD 26,381,000, up from HKD 24,967,000 in the previous year, reflecting a growth of approximately 5%[8] - In the fiscal year 2022, the company recorded a total revenue of HKD 568,056,000, representing a growth of 49.9% compared to fiscal year 2021[35] - The number of customers served in the restaurants increased by 529,600 or 24.7%, totaling 2,677,894 customers in fiscal year 2022[27] - The average spending per customer rose from HKD 176.4 in fiscal year 2021 to HKD 212.1 in fiscal year 2022[27] - The Japanese cuisine segment achieved revenue of HKD 296,621,000, with an average spending of HKD 222.0 per customer[27] - The Chinese cuisine segment reported revenue of HKD 148,488,000, with an average spending of HKD 248.1 per customer[27] - The Vietnamese/Southeast Asian cuisine segment generated revenue of HKD 41,208,000 with an average spending of HKD 120.4 per customer[27] - The average daily sales for the Japanese cuisine segment reached HKD 907,174, while the Chinese cuisine segment reached HKD 493,996[27] - Employee costs increased by 57.3% to HKD 171,016,000, accounting for 30.1% of total revenue, up from 28.7% in the previous year[42] - Material and consumable costs rose by 49.6% to HKD 172,628,000, maintaining a stable percentage of 30.4% of total revenue[42] - Net profit attributable to the company’s owners for the fiscal year 2022 was approximately HKD 26,381,000, an increase of 5.7% from the previous year[48] - Adjusted net profit, after accounting for government subsidies and listing expenses, increased by 235.8% to approximately HKD 8,383,000[49] Business Expansion and Operations - The company opened ten new restaurants during the year, including new brands targeting mid-to-high consumer levels, aiming to diversify its customer base[14] - The company plans to continue exploring potential locations for further business expansion in response to the evolving market conditions post-COVID-19[14] - The group opened nine new restaurants during the fiscal year ending March 31, 2022, including locations in Tsuen Wan, Shanghai, and Tsim Sha Tsui[18] - The total number of restaurants as of March 31, 2022, was 38, an increase from 36 as of December 31, 2021[21] - The group closed five restaurants during the fiscal year, including locations in Kwai Fong and Central, due to lease expirations and low customer traffic[19] - The group plans to open new restaurants in the third quarter of 2022 and the second quarter of 2023, with confirmed leases for locations in Mong Kok and Tung Chung[24] - The company expects its Shanghai operations to contribute positively after the temporary closure due to COVID-19 restrictions[13] Operational Efficiency and Technology - The company has implemented a phased introduction of an automated ordering system to alleviate employee workload and enhance operational efficiency[13] - The company is focused on enhancing customer experience and operational efficiency through new strategies and technology[34] - The company is committed to optimizing its operational model to adapt to changing consumer patterns and enhance customer dining experiences[14] - The company aims to create higher revenue per employee by reallocating staff to more efficient restaurants[19] Employee and Management - The company has introduced several senior management talents to enhance team building and improve organizational structure for long-term growth[13] - The management team highlighted the resilience and dedication of employees during the pandemic as a core value of the group[16] - The group expressed gratitude to employees and partners for their support during challenging times, emphasizing the importance of teamwork[16] - As of March 31, 2022, the company employed a total of 790 staff, with around 88% based in Hong Kong[134] - The company has a strong management team with extensive experience in the restaurant and hospitality industry[76][79] - The company encourages employees to maintain a work-life balance and provides a supportive work environment to maximize their contributions[177] Corporate Governance and Compliance - The company is committed to compliance with relevant laws and regulations affecting its operations[84] - The board of directors has confirmed the independence of all independent non-executive directors, ensuring compliance with GEM listing rules[95] - The company has established service agreements for its executive directors, effective from January 17, 2022, for a term of three years[95] - The company has maintained a high level of corporate governance to attract investment and protect shareholder rights[141] - The company has adopted the GEM Listing Rules as the standard code for securities trading by directors, confirming compliance for the entire year ending March 31, 2022[197] - The company has mechanisms in place for employees to report concerns regarding potential misconduct in financial reporting and internal controls[194] Financial Management and Dividends - The proposed final cash dividend is HKD 0.016 per share, down from HKD 0.04 per share in 2021, subject to shareholder approval[55] - The estimated total dividend for the fiscal year 2022 is HKD 21,668,000, with a payout ratio of 82.1% based on the profit attributable to shareholders of approximately HKD 26,381,000[56] - The company has adopted a dividend policy to pay annual dividends at a rate not less than 50% of the profit attributable to the owners of the company[172] - The company received government subsidies totaling approximately HKD 10,150,000 for the fiscal year 2022, compared to HKD 32,000,000 in the previous year[41] - The company anticipates receiving approximately HKD 14,800,000 in government subsidies for the months of May, June, and July 2022, pending approval[41] Risk Management - The company has implemented various risk management guidelines and procedures, with the board reviewing the overall effectiveness of the risk management and internal control systems at least annually[191] - The internal audit department and senior management assess the effectiveness of the risk management and internal control systems, reporting findings to the Audit Committee[190] - The board is responsible for overseeing the company's risk management and internal control systems, ensuring they are designed to manage business risks effectively[190] - The company faces potential risks and uncertainties as outlined in the financial statements notes[85] Shareholder Information - The company reported significant ownership concentration, with Mr. Huang and Ms. Chan each holding 260,302,000 shares, representing 67.273% of the total shares[99] - IKEAB Limited, which is controlled by Mr. Huang and Ms. Chan, holds 250,318,000 shares, accounting for 64.693% of the total shares[106] - The company does not foresee any tax liabilities on dividends distributed to shareholders under current Hong Kong tax regulations[91] - The company has not been informed of any major shareholders holding any short positions in its shares as of March 31, 2022[104] Stock Options and Employee Incentives - The company granted 3,690,000 share options to eligible employees, representing approximately 0.95% of the total issued share capital as of the grant date[58] - The fair value of granted stock options was approximately HKD 358,000, or HKD 0.0971 per option, to be amortized over the vesting period[119] - The company has a total of 40,000,000 stock options available for grant under the stock option plan, accounting for approximately 10.3% of the issued share capital[116] - The exercise price for stock options granted in 2021 was set at HKD 0.90[116] - A total of 3,690,000 stock options were granted during the fiscal year ending March 31, 2022[118] Community Engagement - The company made charitable and other donations amounting to HKD 214,000 during the fiscal year ending March 31, 2022[128]