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 佈 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 佈 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。 PRIME INTELLIGENCE SOLUTIONS GROUP LIMITED 懶豬科技集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：08379） 截 至2025年3月31日 止 年 度 的 年 度 業 績 公 佈 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 上 市 的 公 司 帶 有 較 高 投 資 風 險。有 意 投 資 者 應 瞭 解 投 資 於 該 等 公 司 的 潛 在 風 險，並 應 經 過 審 慎 周 詳 考 慮 後 方 作 ...

Company Overview - Prime Intelligence Solutions Group Limited is incorporated in the Cayman Islands and listed on the GEM of the Stock Exchange with stock code 8379[1]. - The registered office is located in Grand Cayman, while the principal place of business is in Hong Kong[7]. - The Group's shares have been listed on the GEM of the Stock Exchange of Hong Kong Limited since February 14, 2018[33]. Executive Changes - The company has undergone significant changes in its executive team, including the appointment of Mr. Wang Yicheng as Chairman and CEO on May 13, 2024[7]. - The audit committee has seen new appointments, including Mr. Yang Chuan and Ms. Li Dongxian, while Mr. Chung Billy and Mr. Ke Tianxiong resigned on July 31, 2024[9]. - The company is committed to compliance and has appointed a new compliance officer, Ms. Yuen Mei Ling, Pauline, who resigned on July 20, 2024[10]. - Mr. Wang Yicheng was appointed as both Chairman and CEO on May 13, 2024, with the Board justifying this structure due to the Group's manageable scale and stable operations[162]. Financial Performance - Revenue for the six months ended September 30, 2024, was HK$32,207,000, an increase of 50.1% compared to HK$21,469,000 in the same period of 2023[19]. - Gross profit for the period was HK$14,348,000, representing a 37.3% increase from HK$10,452,000 in 2023[19]. - Loss from operations decreased to HK$3,326,000, a 68.8% improvement compared to a loss of HK$10,646,000 in the prior year[19]. - Loss before tax was HK$3,470,000, down from HK$10,733,000, indicating a significant reduction in losses[19]. - Net cash generated from operating activities was HK$1,098,000, a turnaround from a cash outflow of HK$7,910,000 in the same period last year[28]. - Total comprehensive income for the period attributable to the owners of the Company was a loss of HK$3,449,000, compared to a loss of HK$10,792,000 in 2023[19]. - Cash and cash equivalents at the end of the period stood at HK$3,690,000, down from HK$8,948,000 in the previous year[28]. - Current assets decreased to HK$47,167,000 from HK$44,764,000, reflecting a slight increase in liquidity[22]. - Net assets decreased to HK$15,336,000 from HK$18,785,000, indicating a decline in overall equity[22]. - The Company reported a basic and diluted loss per share of HK$0.43, an improvement from HK$1.34 in the previous year[19]. Revenue Breakdown - Revenue from the sales of biometrics identification devices and security products reached HK$22,363,000 for the six months ended September 30, 2024, compared to HK$14,090,000 in the same period of 2023, representing a growth of 58.4%[40]. - Revenue from the provision of auxiliary and other services was HK$9,844,000 for the six months ended September 30, 2024, up from HK$7,379,000 in 2023, indicating an increase of 33.4%[40]. - Revenue recognized from contracts with customers under HKFRS 15 was HK$26,385,000 for the six months ended September 30, 2024, compared to HK$16,955,000 in 2023, marking a significant increase of 55.5%[47]. Cost and Expenses - Staff costs, including salaries, bonuses, and allowances, decreased to HK$13,516,000 for the six months ended September 30, 2024 from HK$15,782,000 in 2023, reflecting a reduction of approximately 14.4%[61]. - The cost of inventories sold was HK$14,774,000 for the six months ended September 30, 2024, compared to HK$16,915,000 in the previous year, representing a decrease of about 12.7%[61]. - Administrative expenses for the six months ended September 30, 2024 were approximately HK$14.0 million, down from approximately HK$16.9 million in 2023, mainly due to a reduction in staff costs[137]. Corporate Governance - The Company has complied with the Corporate Governance Code from the date of listing up to the date of this report, with a noted exception regarding the roles of the Chairman and CEO being held by the same individual[161]. - The Group emphasizes the importance of maintaining good relationships with employees, providing various benefits including training and stock options[155]. - The Group is committed to high standards of corporate governance to enhance public accountability and safeguard shareholder interests[160]. Strategic Initiatives - The Group plans to allocate resources to enhance after-sales services, improve IT systems, and focus on R&D for touchless biometrics identification devices and AIoT[126]. - The Group aims to diversify the functions of its touchless biometrics devices to capture healthcare-related market segments[127]. - On June 14, 2024, the company entered into a strategic cooperation framework agreement with Guizhou Little Butterfly Cultural for joint development in digital cultural tourism[193]. - The strategic cooperation agreement is valid for one year and aims to explore potential opportunities through e-commerce platforms and other feasible solutions[195]. Shareholder Information - As of September 30, 2024, Mr. Wang Yicheng holds 136,230,000 shares, representing 17.03% of the company's issued share capital[179]. - Mr. Yao Han and Ms. Jian Yanmei each hold 131,785,000 shares, accounting for 16.47% of the company's issued share capital[187]. - Super Arena Limited, beneficially owned by Mr. Wu Rong, holds 209,770,000 shares, which is 26.22% of the company's issued share capital[187]. Risk Factors - The company is positioned in a market that accommodates small and mid-sized companies, which may carry higher investment risks[2]. - The securities traded on GEM may be more susceptible to high market volatility compared to those on the Main Board of the Stock Exchange[3]. - Investors are advised to consider the potential risks associated with investing in companies listed on GEM before making investment decisions[2].

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 32,207,000, an increase from HKD 21,469,000 in the same period of 2023, representing a growth of 50%[4] - Gross profit for the same period was HKD 14,348,000, compared to HKD 10,452,000 in 2023, indicating a gross margin improvement[4] - The company reported a loss before tax of HKD 3,470,000, a significant reduction from a loss of HKD 10,733,000 in the previous year, reflecting a decrease in operational losses[4] - The company’s basic and diluted loss per share improved to HKD (0.43) from HKD (1.34) year-over-year[4] - For the six months ended September 30, 2024, the group reported a basic loss per share of HKD (3,470) thousand, compared to a loss of HKD (10,733) thousand for the same period in 2023[28] - The net loss for the six months ending September 30, 2024, was approximately HKD 3.5 million, a reduction from a net loss of approximately HKD 10.8 million for the same period in 2023[68] Revenue Breakdown - Revenue from the sale of biometric identification devices and security products was HKD 22,363,000, representing a 58.5% increase from HKD 14,090,000 in the prior year[20] - Revenue from providing bundled services and other services was HKD 9,844,000, up 33.4% from HKD 7,379,000 in the previous year[20] - Total revenue for the six months ended September 30, 2024, was HKD 32,207,000, a 50% increase from HKD 21,469,000 in the same period of 2023[20] - Customer contract revenue recognized at a point in time was HKD 26,385,000, compared to HKD 16,955,000 in the prior year, reflecting a 55.5% increase[20] Cash Flow and Liquidity - For the six months ended September 30, 2024, the company reported a net cash inflow from operating activities of HKD 1,098,000, compared to a net cash outflow of HKD 7,910,000 for the same period in 2023[10] - The company’s cash and cash equivalents totaled HKD 3,690,000, a decrease from HKD 3,802,000 as of March 31, 2024[6] - Cash and cash equivalents decreased to HKD 3,690,000 at the end of the period from HKD 8,948,000 at the end of the previous period[10] Assets and Liabilities - Total assets as of September 30, 2024, were HKD 47,167,000, up from HKD 44,764,000 as of March 31, 2024[6] - Current liabilities increased to HKD 12,272,000 from HKD 10,885,000, indicating a rise in short-term financial obligations[6] - The net asset value decreased to HKD 15,336,000 from HKD 18,785,000, reflecting a decline in overall equity[6] - The company’s debt-to-asset ratio increased from 0% on March 31, 2024, to approximately 5.9% on September 30, 2024, primarily due to bank loans[74] Operational Efficiency - Employee costs, including directors' remuneration, decreased to HKD 14,774 thousand for the six months ended September 30, 2024, down from HKD 16,915 thousand in 2023, representing a reduction of approximately 6.7%[26] - Administrative expenses also decreased to approximately HKD 14.0 million for the six months ending September 30, 2024, compared to HKD 16.9 million in the previous year[67] - The cost of goods sold increased to HKD 11,709 thousand for the six months ended September 30, 2024, compared to HKD 6,489 thousand in 2023, indicating an increase of approximately 80.5%[26] - For the six months ending September 30, 2024, the cost of goods sold increased by approximately 80.0% to about HKD 11.7 million, compared to HKD 6.5 million for the same period in 2023[66] Market Strategy and Future Plans - The company plans to focus on market expansion and new product development to drive future growth[4] - The company plans to allocate resources to improve after-sales service quality and enhance operational support, as well as to develop non-contact biometric identification devices and AIoT technologies[62] - The company has decided to suspend the launch of locally manufactured affordable fingerprint identification devices due to declining market demand and uncertainties in China[62] - The company continues to focus on expanding its market presence and enhancing its product offerings in the biometric identification sector[12] Corporate Governance - The company has adhered to the GEM Listing Rules and has established its own corporate governance code since its listing date[85] - The board believes that the current governance structure is effective for the company's scale and operations, but will review the need for separation of roles in the future if necessary[86] - The company has implemented measures to prevent similar incidents of non-compliance with trading regulations, including communication with Mr. Wang and reminders of trading restrictions[90] - The board has taken steps to minimize the chances of future violations of trading regulations by directors[92] Shareholder Information - The company has a total of 800,000,000 ordinary shares issued and fully paid as of September 30, 2024[42] - Mr. Wang Yicheng purchased 136,230,000 shares of the company, representing 17.03% of the issued share capital, during the period from May 30, 2024, to June 13, 2024[92] - As of September 30, 2024, Mr. Yao holds 131,785,000 shares, representing 16.47% of the company's issued share capital[95] - Super Arena Limited, controlled by Mr. Wu, holds 209,770,000 shares, accounting for 26.22% of the company's issued share capital[95] Compliance and Audit - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2024, confirming compliance with applicable accounting standards and GEM listing rules[103] - The company has provided training for Mr. Wang regarding his responsibilities as a director to ensure compliance with trading regulations[90] - The board has confirmed that, apart from Mr. Wang, there have been no known violations of trading regulations by directors from the listing date to the announcement date[88]

Financial Performance - The Group reported a significant increase in revenue for the year ended 31 March 2024, achieving a total of HKD 150 million, representing a growth of 25% compared to the previous year[18]. - The Group's revenue for the year ended 31 March 2024 was approximately HK$54.4 million, representing an increase of approximately 25.9% from HK$43.2 million for the year ended 31 March 2023[36]. - The gross profit margin improved to 40%, up from 35% in the previous year, reflecting better cost management and operational efficiencies[18]. - The gross profit margin improved from approximately 30.2% in 2023 to approximately 46.3% in 2024, with gross profit increasing from approximately HK$13.0 million to approximately HK$25.2 million[42]. - The Group incurred a net loss of approximately HK$15.6 million for the year ended March 31, 2024, a decrease from a net loss of approximately HK$24.2 million for the year ended March 31, 2023[54]. - As of March 31, 2024, the Group had approximately HK$3.8 million in bank and cash balances, down from approximately HK$17.9 million as of March 31, 2023[60]. User Growth and Market Expansion - User data showed a 30% increase in active users, reaching 1.2 million by the end of the reporting period[18]. - The Company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[18]. - The Group plans to enhance its marketing capabilities and expand its product portfolio to increase market share in Hong Kong and Macau[22]. - The Group aims to become one of the active biometrics identification solutions providers in the PRC through various strategic initiatives[99]. Research and Development - Investment in research and development increased by 15%, totaling HKD 10 million, focusing on innovative technologies and product enhancements[18]. - The Group is focusing on research and development of touchless biometrics identification devices and AIoT technologies[22]. - The Group plans to focus on research and development of touchless biometrics identification devices and AIoT, reallocating part of the net proceeds from the Listing for this purpose[65]. - Approximately HK$6.8 million was allocated for research and development on touchless biometrics identification devices and AIoT, fully utilized as of March 31, 2024[103]. Corporate Governance - The Company is committed to enhancing its corporate governance practices, with a new compliance officer appointed to oversee regulatory adherence[18]. - The company is focused on expanding its market presence and enhancing corporate governance through experienced leadership[117][131]. - The company is committed to maintaining high standards of conduct and performance oversight through independent directors like Mr. Chung[131]. Leadership and Management - The company has appointed new directors, including Mr. Wang and Ms. Zhang, to strengthen its leadership team[116][118]. - The Group's financial controller and company secretary, Mr. Chou, has over 20 years of experience in accounting and auditing, enhancing the financial oversight of the Group[159]. - Mr. Wong has been the chief financial officer of Intelligent Living Application Group Inc. since June 2020[138]. Environmental, Social, and Governance (ESG) - The Group aims to establish a robust environmental, social, and governance (ESG) structure in accordance with the GEM Listing Rules[164]. - The ESG report covers the Group's overall performance in environmental and social aspects for the period from April 1, 2023, to March 31, 2024[165]. - The Group emphasizes quantitative measures in its ESG reporting, providing comparative data and methodologies used[171]. - The Group has identified key ESG issues including anti-discrimination, talent management, and customer satisfaction as high importance to its operations[182]. - The Group aims to reduce carbon footprints and promote waste reduction, setting targets for environmental performance[191]. Financial Management and Expenditures - Staff costs for the year ended 31 March 2024 were approximately HK$34.2 million, an increase of approximately HK$3.4 million compared to the previous year[43]. - Administrative expenses rose to approximately HK$33.4 million for the year ended 31 March 2024, an increase of approximately HK$4.7 million from the previous year[44]. - The Group purchased property, plant, and equipment totaling approximately HK$2.4 million for the year ended March 31, 2024, compared to approximately HK$1.6 million in 2023[73]. - The Group did not recommend the payment of a final dividend for the year ended March 31, 2024[88]. Operational Efficiency - The Group's cost of inventories sold increased by approximately 42.0% to approximately HK$20.3 million for the year ended 31 March 2024[42]. - The Group has observed a market trend shift towards touchless biometrics identification devices due to increased public health awareness since the COVID-19 pandemic[66]. - The Group's total greenhouse gas emissions for the year were 117,694 kg, an increase from 96,794 kg in 2023, with a density of 56.0 KgCO2e/m2 compared to 46.0 KgCO2e/m2 in the previous year[196].

Financial Performance - Revenue for the year ended March 31, 2024, was HKD 54,372,000, an increase of 26% from HKD 43,151,000 in 2023[4] - Gross profit for the same period was HKD 25,194,000, up from HKD 13,008,000, representing a significant increase of 94%[4] - The company reported a loss attributable to equity holders of HKD 15,627,000, an improvement from a loss of HKD 24,156,000 in the previous year[4] - The total profit from the reportable segments for 2024 is HKD 25,194,000, compared to HKD 13,008,000 in 2023, representing a significant increase[48] - The comprehensive loss for the year is HKD (15,627,000) in 2024, an improvement from HKD (24,156,000) in 2023[48] - The group reported a net loss of approximately HKD 15.6 million for the year ending March 31, 2024, a decrease from a net loss of approximately HKD 24.2 million for the year ending March 31, 2023, primarily due to increased revenue and gross profit[125] Assets and Liabilities - The total assets decreased to HKD 44,764,000 from HKD 54,473,000, indicating a reduction of approximately 18%[5] - Current liabilities increased to HKD 23,423,000 from HKD 17,535,000, reflecting a rise of about 34%[5] - The company’s cash and cash equivalents at the end of the reporting period were approximately HKD 3,802,000, down from HKD 17,868,000[5] - Trade receivables as of March 31, 2024, amounted to HKD 12,163,000, significantly up from HKD 5,960,000 in 2023, showing a growth of 104.3%[61] - As of March 31, 2024, the group's cash and bank balance was approximately HKD 3.8 million, a decrease from approximately HKD 17.9 million as of March 31, 2023[97] - As of March 31, 2024, the group's bank and cash balance was approximately HKD 3,802,000, while liabilities expected to be settled within the next 12 months amounted to approximately HKD 12,538,000[165] Revenue Sources - Sales of biometric identification devices and security products reached HKD 37,270,000, up 34.3% from HKD 27,737,000 in the previous year[26] - Revenue from providing packages and other services increased to HKD 17,102,000, a growth of 10.9% from HKD 15,414,000 in the prior year[26] - Revenue from external customers for the year ended March 31, 2024, was HKD 54,372,000, compared to HKD 43,151,000 in 2023, marking a 25.9% increase[67] Expenses and Costs - The cost of sales and distribution for 2024 is HKD (10,100,000), slightly higher than HKD (9,639,000) in 2023[48] - Corporate administrative and other operating expenses increased to HKD (33,386,000) in 2024 from HKD (28,675,000) in 2023[48] - The cost of goods sold increased by approximately 42.0% to about HKD 20.3 million for the fiscal year ending March 31, 2024, compared to HKD 14.3 million in 2023[91] - Administrative expenses for the fiscal year ending March 31, 2024, were approximately HKD 33.4 million, an increase of about HKD 4.7 million compared to HKD 28.7 million in 2023[92] Cash Flow and Financing - The company generated a net cash outflow from operating activities of approximately HKD 8,236,000 for the year[15] - The group believes it will be able to generate positive cash flow through effective business development and cost control measures[36] - The group’s financial statements are prepared on a going concern basis, indicating confidence in meeting operational cash flow needs[36] Strategic Plans and Developments - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming fiscal year[7] - The group plans to utilize approximately HKD 8.0 million of the net proceeds to improve its information technology systems[110] - The group plans to allocate approximately HKD 8.1 million of the net proceeds to enhance the quality of after-sales services and strengthen operational support as part of its business expansion plan in Southern China[138] - The group intends to use approximately HKD 6.8 million of the net proceeds for the research and development of non-contact biometric identification devices and AIoT[139] - The company is developing non-contact biometric identification devices and artificial intelligence technologies[154] Corporate Governance and Compliance - The audit committee consists of four independent non-executive directors, ensuring oversight of the financial reporting process and internal control systems[150] - The company has maintained compliance with GEM listing rules and corporate governance standards since its listing[170] Shareholder Information - As of March 31, 2024, 82.48% of the shares were held by the public, an increase from 77.61% in 2023, maintaining the required public float for listing[117] - The company has proposed a name change to "Hanno Technology Group Limited," pending shareholder approval and regulatory consent[162] Market Trends and Challenges - The group observed a shift in market trends from contact-based biometric identification devices to non-contact devices, planning to diversify the functionality and applications of its non-contact biometric identification devices using AIoT[130] - The group has decided to suspend the launch of locally manufactured affordable fingerprint identification devices due to declining market demand and the impact of COVID-19, reallocating resources to other business plans[129] Taxation and Regulatory Matters - The group’s Hong Kong subsidiary is subject to a two-tier profits tax rate, with the first HKD 2 million of estimated taxable profits taxed at 8.25% and profits exceeding that amount taxed at 16.5%[123] - The group’s subsidiary in Macau is exempt from tax on taxable income up to MOP 600,000, with a tax rate of 12% applied to income exceeding that threshold[124]

Financial Performance - Revenue for the three months ended September 30, 2023, was HK$12,172,000, an increase of 34.5% compared to HK$9,044,000 in the same period of 2022[12]. - Gross profit for the six months ended September 30, 2023, was HK$10,452,000, representing a 41.5% increase from HK$7,398,000 in the prior year[12]. - Loss from operations for the three months ended September 30, 2023, was HK$3,892,000, a decrease in loss compared to HK$6,000,000 in the same period of 2022[12]. - Loss before tax for the six months ended September 30, 2023, was HK$10,733,000, compared to HK$7,909,000 in the previous year, indicating a worsening of financial performance[12]. - The company reported a total comprehensive loss attributable to owners of HK$10,792,000 for the six months ended September 30, 2023, compared to HK$7,935,000 in the same period of 2022[12]. - Basic and diluted loss per share for the three months ended September 30, 2023, was HK$0.49, an improvement from HK$0.75 in the prior year[12]. - The company recorded a total comprehensive income loss of HK$10,792,000 for the six months ended September 30, 2023[15]. - For the three months ended September 30, 2023, the company reported a loss of HK$3,932,000 compared to a loss of HK$6,003,000 for the same period in 2022, representing a 34.5% improvement[55]. - For the six months ended September 30, 2023, the loss increased to HK$10,733,000 from HK$7,935,000 in 2022, indicating a 35.4% increase in losses year-over-year[55]. Revenue Breakdown - Revenue for the six months ended September 30, 2023, was HK$21,469,000, slightly up from HK$21,354,000 in the same period of 2022, indicating a growth of 0.5%[34]. - Sales of biometrics identification devices, security products, and other accessories amounted to HK$8,012,000 for the three months ended September 30, 2023, compared to HK$6,021,000 in 2022, marking a 33.1% increase[34]. - Provision of auxiliary and other services generated revenue of HK$4,160,000 for the three months ended September 30, 2023, up from HK$3,023,000 in 2022, reflecting a growth of 37.7%[34]. Expenses and Costs - Selling and distribution costs increased to HK$4,481,000 for the six months ended September 30, 2023, compared to HK$3,376,000 in the previous year, indicating higher marketing expenses[12]. - Administrative and other operating expenses rose to HK$16,861,000 for the six months ended September 30, 2023, compared to HK$12,689,000 in the same period of 2022, reflecting increased operational costs[12]. - Staff costs, including salaries and bonuses, rose to HK$8,589,000 for the three months ended September 30, 2023, up from HK$7,543,000 in 2022, reflecting a 13.9% increase[55]. - Staff costs for the six months ended September 30, 2023, were approximately HK$16.9 million, an increase of approximately HK$2.6 million compared to approximately HK$14.3 million in the previous year[101]. Assets and Liabilities - As of September 30, 2023, total assets less current liabilities amounted to HK$25,908,000, a decrease of 30.8% from HK$37,494,000 as of March 31, 2023[14]. - Net current assets decreased to HK$25,364,000, down 31.5% from HK$36,938,000 as of March 31, 2023[14]. - Cash and cash equivalents at the end of the period were HK$8,948,000, a significant decrease of 50.0% from HK$17,868,000 at the beginning of the period[17]. - Total equity as of September 30, 2023, was HK$23,804,000, down 31.4% from HK$34,596,000 as of March 31, 2023[15]. - The company’s bank borrowings increased to HK$1,000,000 as of September 30, 2023, compared to no borrowings as of March 31, 2023[14]. Cash Flow - The company reported a net cash used in operating activities of HK$7,910,000 for the six months ended September 30, 2023, compared to HK$6,993,000 for the same period in 2022[17]. - The Group's cash and bank balances decreased to approximately HK$8.9 million as of September 30, 2023, down from approximately HK$17.9 million as of March 31, 2023[105]. Corporate Governance - The Group has committed to high standards of corporate governance, ensuring compliance with the Corporate Governance Code since its listing[151]. - The company has established an Audit Committee in compliance with GEM Listing Rules, enhancing corporate governance[190]. - The roles of chairman and chief executive officer are held by the same individual, which the Board believes is in the best interest of the Group for effective management[153]. - The company has maintained a clear governance structure with independent oversight, which is crucial for investor confidence[190]. Future Plans and Strategies - The Group plans to reallocate part of the unutilised net proceeds from the Listing to enhance after-sales services, improve the IT system, and focus on research and development of touchless biometrics identification devices and AIoT[95]. - The Group aims to diversify the functions of its touchless biometrics identification devices by utilising AIoT to capture the healthcare-related market[96]. - The Group aims to strengthen marketing capabilities and expand its product portfolio to increase market share in Hong Kong, Macau, and the PRC[140]. - The Group's strategy includes the development of non-contact biometric identification devices and AIoT technologies[145]. Shareholding and Securities - As of September 30, 2023, Delighting View Global Limited holds 108,000,000 shares, representing approximately 13.5% of the Company's issued share capital[167]. - Mr. Tony Yuen and Ms. Pauline Yuen each have a controlled corporation interest in 108,000,000 shares, equating to 13.5% of the Company's issued share capital[168]. - No purchases, sales, or redemptions of the Company's listed securities occurred during the six months ended September 30, 2023[180]. Audit and Compliance - The unaudited condensed consolidated financial statements for the three and six months ended September 30, 2023, have been reviewed by the Audit Committee, confirming compliance with applicable accounting standards and GEM Listing Rules[191]. - The financial information disclosed is deemed adequate by the Audit Committee, ensuring transparency for stakeholders[191].

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佈的內容 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 因本公佈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。 PRIME INTELLIGENCE SOLUTIONS GROUP LIMITED 懶 豬 科 技 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：08379） 截 至2023年9月30日 止 六 個 月 之 中 期 業 績 公 佈 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 他在聯交所上市的公司帶有較高投資風險。有意投資者應瞭解投資於該 等公司的潛在風險，並應經過審慎周詳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，同時亦無法保證在GEM 買賣的證券會有高流通量的市場。 本公佈載有根據聯交所GEM證券上市規則規定而提供有關懶豬科技集團 有限公司（「本公司」）的資料，本公司的 ...

Financial Performance - Revenue for the three months ended June 30, 2023, was HK$9,297,000, a decrease of 24.4% compared to HK$12,310,000 in the same period of 2022[15]. - Gross profit for the period was HK$3,338,000, down 41.8% from HK$5,737,000 in the previous year[15]. - Loss from operations increased to HK$6,754,000, compared to a loss of HK$1,877,000 in the same period last year, reflecting a significant decline in operational performance[15]. - Loss before tax for the period was HK$6,801,000, compared to HK$1,878,000 in the prior year, indicating a worsening financial situation[15]. - The company reported a loss for the period of HK$6,801,000, compared to a loss of HK$1,932,000 in the same quarter of 2022[15]. - Total comprehensive income attributable to the owners of the Company for the period was HK$6,791,000, a significant increase in losses compared to HK$1,932,000 in the previous year[15]. - Basic and diluted loss per share was HK$0.85, compared to HK$0.24 in the same period last year, indicating a higher loss per share[15]. - The Group's loss for the period was HK$6.8 million, compared to a loss of HK$1.9 million for the same period in 2022[56]. - Total comprehensive income for the period ended June 30, 2023, was a loss of HK$6,791,000, compared to a loss of HK$1,932,000 for the same period in 2022[34]. Revenue Breakdown - Sales of biometrics identification devices and security products amounted to HK$6,078,000, down 23.8% from HK$7,980,000 year-on-year[34]. - Revenue from the provision of auxiliary and other services was HK$3,219,000, a decline of 25.7% compared to HK$4,330,000 in the previous year[34]. - The Group's revenue for the three months ended June 30, 2023, was approximately HK$9.3 million, representing a decrease of approximately 24.4% from HK$12.3 million for the same period in 2022[58]. - Sales of biometrics identification devices, security products, and other accessories amounted to HK$6.1 million, a decrease of approximately HK$1.9 million (or 23.8%) compared to the previous year[62]. - Revenue from the provision of auxiliary and other services was HK$3.2 million, down approximately HK$1.1 million (or 25.7%) from the same period in 2022[62]. Expenses and Costs - Selling and distribution costs rose to HK$2,205,000, an increase of 47% from HK$1,500,000 in the previous year[15]. - Administrative and other operating expenses increased to HK$7,932,000, up 22.8% from HK$6,456,000 in the same period of 2022[15]. - Other income decreased significantly to HK$45,000 from HK$342,000 in the previous year, reflecting reduced ancillary revenue streams[15]. - Staff costs, including directors' emoluments, totaled HK$8.3 million, an increase from HK$6.7 million in the previous year[51]. - Administrative expenses rose by approximately HK$1.4 million to approximately HK$7.9 million for the three months ended June 30, 2023, mainly due to increased staff costs[66]. - The Group's cost of inventories sold decreased by approximately 16.2% to approximately HK$3.1 million for the three months ended 30 June 2023, compared to approximately HK$3.7 million for the same period in 2022[64]. Shareholder Information - As of June 30, 2023, Mr. Tony Yuen and Ms. Pauline Yuen each hold 108,000,000 shares, representing approximately 13.5% of the Company's issued share capital[82]. - Delighting View Global Limited directly holds 108,000,000 shares, beneficially owned by Mr. Tony Yuen (85%) and Ms. Pauline Yuen (15%)[83]. - A sale and purchase agreement for 206,000,000 shares was entered into on April 19, 2023, with 98,000,000 shares already completed and the remaining 108,000,000 shares not proceeding[84]. - The beneficial ownership of shares includes Mr. Yao Han with 131,785,000 shares (16.47%) and Delighting View with 108,000,000 shares (13.5%) of the Company's issued share capital[91]. - The Company has no substantial shareholders with interests of 5% or more in the shares as of June 30, 2023, apart from those disclosed[89]. Corporate Governance - The Company has established an Audit Committee to review and supervise the financial reporting process and internal control systems, comprising three independent non-executive Directors[108]. - The unaudited condensed consolidated financial statements for the three months ended June 30, 2023, have been reviewed by the Audit Committee, ensuring compliance with applicable accounting standards and GEM Listing Rules[109]. - The Company has adopted and complied with the Corporate Governance Code from the date of Listing up to the date of this report, with some deviations noted[98]. - The Company has a code of conduct regarding securities transactions by Directors that meets the required standards set out in the GEM Listing Rules[95]. - The Company is committed to high standards of corporate governance to enhance public accountability and safeguard shareholder interests[97]. Future Plans and Market Trends - The Group plans to reallocate part of the unutilised net proceeds from the Listing to enhance after-sales services, improve the IT system, and research touchless biometrics identification devices and AIoT[75]. - The Group has observed a market trend shift from touch biometrics to touchless biometrics identification devices due to increased public health awareness during the COVID-19 pandemic[76]. - The Group aims to capture new markets by diversifying the functions of touchless biometrics identification devices using AIoT technology[76]. - The Group's public listing status enhances its corporate profile and competitiveness, facilitating access to capital markets for future business development[74]. Taxation - The Group's Hong Kong subsidiary is subject to a profits tax rate of 8.25% for the first HK$2 million of assessable profits and 16.5% on profits above that threshold[44]. - The Group's PRC subsidiary did not generate any assessable profits during the reporting periods, resulting in no PRC Enterprise Income Tax being provided[45]. - The Group's subsidiary in Macau is subject to a complementary tax, with taxable income up to MOP600,000 exempt from taxation, and income beyond that taxed at 12%[46]. Dividends - No dividends were declared or paid during the three months ended June 30, 2023, consistent with the same period in 2022[53]. - The Board does not recommend the payment of dividends for the three months ended June 30, 2023[68].

香港交易及結算所有限公司及聯交所對本公佈的內容概不負責，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佈全部或任 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。 PRIME INTELLIGENCE SOLUTIONS GROUP LIMITED 懶 豬 科 技 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：08379） 截 至2023年6月30日 止 三 個 月 之 第 一 季 度 業 績 公 佈 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 他在聯交所上市的公司帶有較高投資風險。有意投資者應瞭解投資於該 等公司的潛在風險，並應經過審慎周詳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，同時亦無法保證在GEM 買賣的證券會有高流通量的市場。 本公佈載有根據聯交所GEM證券上市規則規定而提供有關懶豬科技集團 有限公司（「本公司」）的資料，本公司的董事（「董 ...

Business Strategy and Development - The Group reported a commitment to enhance its marketing capabilities and expand its product portfolio to increase market share in Hong Kong and Macau[17]. - The Group plans to utilize net proceeds from the Listing for enhancing after-sales quality, improving IT systems, and establishing a software development center in the PRC[17]. - The Group is focused on research and development of touchless biometrics identification devices and AIoT technologies[17]. - The Group aims to become one of the active biometrics identification solutions providers in the PRC[17]. - The Group intends to diversify its business by exploring new lines including artificial intelligence technology solutions and catering management[24]. - The Group observed a market trend shift from touch biometrics to touchless biometrics due to increased public health awareness during the COVID-19 pandemic, prompting plans to diversify product functions[61]. - The Group's future plans include research and development on AIoT and touchless biometrics identification devices[90][92]. Financial Performance - The financial year ended March 31, 2023, will be detailed in the Management Discussion and Analysis section[16]. - The Group's revenue for the year ended March 31, 2023, was approximately HK$43.2 million, a decrease of about 11.8% from HK$49.0 million for the year ended March 31, 2022[32]. - Sales of biometrics identification devices, security products, and other accessories decreased by approximately HK$4.7 million (or 14.4%) compared to the previous year[32]. - The gross profit margin dropped from approximately 34.1% in 2022 to approximately 30.2% in 2023, with gross profit decreasing from approximately HK$16.7 million to HK$13.0 million[38]. - The Group incurred a net loss of approximately HK$24.2 million for the year ended 31 March 2023, compared to a net loss of approximately HK$23.2 million for the year ended 31 March 2022, indicating an increase in net loss of about 4.3%[49]. - As of 31 March 2023, the Group had approximately HK$17.9 million in bank and cash balances, a decrease from approximately HK$36.9 million as of 31 March 2022, representing a decline of about 51.6%[50]. - The Group had no bank borrowings as of 31 March 2023 and 2022, resulting in a gearing ratio of 0%[51]. - No final dividend was recommended for the year ended March 31, 2023[83][87]. Operational Efficiency - Staff costs increased to approximately HK$30.8 million in 2023, up by approximately HK$2.5 million from HK$28.3 million in 2022[39]. - Administrative expenses decreased to approximately HK$28.7 million in 2023, down by approximately HK$3.8 million from HK$32.5 million in 2022[40]. - The Group's costs of inventories sold decreased by approximately 11.7% to approximately HK$14.3 million for the year ended March 31, 2023[38]. - The Group purchased property, plant, and equipment amounting to approximately HK$1.6 million for the year ended March 31, 2023, down from approximately HK$5.1 million in 2022, indicating a decrease of about 68.6%[68]. - The Group did not have any significant capital commitments as of 31 March 2023, consistent with the previous year[69]. - There were no significant investments, material acquisitions, or disposals of subsidiaries during the year ended 31 March 2023[73]. Leadership and Management - Mr. Mui has over 36 years of experience in the information technology and telecommunication industry, contributing to strategic planning and business development[117]. - Mr. Hui has over 25 years of experience in the engineering industry, overseeing sales and marketing functions since his appointment as an executive director on January 10, 2023[119]. - Ms. Leung has approximately 25 years of experience in the technology and electronics industries, assisting in strategic planning as a non-executive director since February 10, 2023[133]. - The company has a diverse board with members bringing extensive experience from various industries, enhancing its strategic capabilities[137]. - The management team includes professionals with backgrounds in engineering, technology, and business development, ensuring a well-rounded approach to market challenges[138]. - The appointment of experienced directors like Mr. Hui and Ms. Leung reflects the company's commitment to strengthening its leadership team[119][133]. Environmental, Social, and Governance (ESG) - The Group aims to establish a sound environmental, social, and governance structure based on the ESG Reporting Guide[166]. - The Board has identified potential and material ESG issues affecting the business and stakeholders, participating in the materiality assessment[176]. - The management and ESG working team are responsible for reviewing and supervising the ESG process and risk management of the Group[175]. - The report includes quantitative measures of ESG issues, presenting information with standards, methodologies, and comparative data[173]. - The Group emphasizes environmental protection as a core value and actively seeks to implement new technologies to minimize environmental impact[190]. - The Group aims to reduce carbon footprints, promote waste reduction, and enhance waste disposal management as part of its environmental policies[194]. - Compliance with various significant laws and regulations, including the Environmental Protection Law of the PRC, is a priority for the Group[195]. Emissions and Sustainability - The Group emitted a total of 96,794 kg of greenhouse gases during the Year, an increase from 80,184 kg in 2022, representing a 20% rise[200]. - Direct emissions (Scope 1) accounted for 39,126 kg, which is 40% of total emissions[200]. - Indirect emissions (Scope 2) were 57,668 kg, making up 60% of total emissions[200]. - The Group's key performance indicators for emissions included NOx at 112.5 g (34% increase), SOx at 213.4 g (64% increase), and PM at 8.3 g (2% increase) compared to previous metrics[198]. - The Group encourages the use of e-statements to reduce paper usage and greenhouse gas emissions[196]. - The Group promotes energy conservation by switching off all computers and office equipment at the end of each working day[196]. - The environmental impact focus includes reducing energy and paper consumption as part of the Group's sustainability initiatives[196].