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].

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2023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。 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 ...

Financial Performance - For the three months ended December 31, 2022, the revenue was HK$9,221,000, a decrease of 19.2% compared to HK$11,399,000 for the same period in 2021[12]. - The gross profit for the nine months ended December 31, 2022, was HK$10,105,000, down 35.5% from HK$15,703,000 in the previous year[12]. - The loss for the period for the nine months ended December 31, 2022, was HK$16,330,000, compared to a loss of HK$10,075,000 for the same period in 2021, representing a 62.0% increase in losses[12]. - The basic and diluted loss per share for the nine months ended December 31, 2022, was HK$2.04, compared to HK$1.26 for the same period in 2021, indicating a 62.9% increase in loss per share[12]. - For the nine months ended December 31, 2022, total revenue was HK$30,575,000, down 18.0% from HK$37,253,000 for the same period in 2021[28]. - Total comprehensive income for the period ended December 31, 2022, was a loss of HK$16,330,000, compared to a loss of HK$10,075,000 for the same period in 2021[28]. - The Group incurred a net loss of approximately HK$16.3 million for the nine months ended December 31, 2022, compared to a net loss of approximately HK$10.1 million for the same period in 2021[64]. Revenue Breakdown - Revenue from sales of biometrics identification devices and security products was HK$5,737,000, down 17.0% from HK$6,915,000 in the previous year[28]. - Revenue from the provision of auxiliary and other services decreased to HK$3,484,000, a decline of 22.3% from HK$4,484,000 in the prior year[28]. - The company recognized HK$6,813,000 in revenue at a point in time and HK$2,408,000 recognized over time for the three months ended December 31, 2022[28]. - Sales of biometrics identification devices, security products, and other accessories decreased by approximately HK$4.9 million (or 20.0%) compared to the corresponding period in 2021[55]. Expenses and Costs - Selling and distribution costs for the three months ended December 31, 2022, were HK$2,111,000, a decrease of 8.9% from HK$2,316,000 in the same period of 2021[12]. - Administrative and other operating expenses for the nine months ended December 31, 2022, increased to HK$21,707,000 from HK$19,985,000 in 2021, reflecting an increase of 8.6%[12]. - Staff costs for the three months ended December 31, 2022, amounted to HK$7,380,000, a decrease of 12% from HK$8,403,000 in the same period of 2021[43]. - The cost of inventories sold for the three months ended December 31, 2022, was HK$1,546,000, down 54% from HK$3,403,000 in the same period of 2021[43]. - The Group's costs of inventories sold decreased by approximately 30.5% to approximately HK$8.6 million for the nine months ended December 31, 2022[61]. Corporate Governance - The directors confirmed that the information contained in the report is accurate and complete in all material respects, ensuring transparency for investors[4]. - The Company has maintained compliance with the Corporate Governance Code since listing, with a noted deviation regarding the roles of chairman and CEO being held by the same individual[96][101]. - The Company has established an Audit Committee comprising three independent non-executive Directors to oversee financial reporting and internal control systems[104]. - The Company is committed to high standards of corporate governance to enhance public accountability and safeguard shareholder interests[95]. Future Plans and Market Trends - The Group plans to reallocate part of the unutilized net proceeds from the Listing to enhance after-sales services, improve the IT system, and for working capital[72]. - The Group aims to focus on research and development of touchless biometrics identification devices and AIoT applications in response to changing market trends due to COVID-19[73]. - The company has decided to suspend the launch of locally manufactured affordable fingerprint recognition devices due to declining market demand and COVID-19 uncertainties[74]. - The shift in market trend from contact-based to non-contact biometric devices is being observed due to increased public health awareness during the COVID-19 pandemic[75]. Shareholding and Securities - As of December 31, 2022, Mr. Tony Yuen and Ms. Pauline Yuen each hold 206,000,000 shares, representing 25.75% of the company's issued share capital[79]. - Mr. Yao Han and Ms. Jian Yanmei each hold 190,000,000 shares, representing 23.75% of the company's issued share capital[84]. - No dividends were declared or paid during the three and nine months ended December 31, 2022, consistent with the same periods in 2021[45]. - The weighted average number of ordinary shares for calculating basic loss per share remained at 800,000,000 for both the three and nine months ended December 31, 2022, and 2021[48]. - No purchases, sales, or redemptions of the company's listed securities occurred during the nine months ended December 31, 2022[87]. Compliance and Audit - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2022, and confirmed compliance with applicable accounting standards and GEM Listing Rules[105]. - The Company has ensured adequate disclosure in its financial reporting as per legal requirements[105]. - The Company has not identified any non-compliance with the Model Code from the date of listing to the report date[94].

Financial Allocation and Utilization - The net proceeds from the listing amount to approximately HKD 44.5 million after deducting underwriting fees and related expenses [3]. - Approximately HKD 15.8 million was originally planned for launching locally manufactured affordable fingerprint recognition devices as part of the business expansion in South China, but this amount remains unused [3]. - The company plans to revise the allocation of the remaining net proceeds to other business plans instead of the originally intended use [3]. - The overall allocation of the net proceeds includes HKD 28.7 million already utilized and HKD 15.8 million remaining [5]. - The company has utilized HKD 5.1 million for improving after-sales service quality and operational support, with a completion target by March 31, 2025 [5]. - An additional HKD 5.0 million has been allocated for enhancing the information technology system, also targeted for completion by March 31, 2025 [5]. - A new independent software development center is being established in China with an allocation of HKD 15.2 million, expected to be fully utilized by March 31, 2025 [5]. - Operational funds of HKD 3.4 million have been allocated, with a target completion date by March 31, 2024 [5]. Research and Development Initiatives - The company is developing non-touch biological feature recognition devices and artificial intelligence applications, with an allocation of HKD 6.8 million, expected to be completed by March 31, 2026 [5]. - A total of HKD 6.8 million will be allocated for the research and development of non-contact biometric identification devices and AIoT technologies, which is expected to be beneficial for the company [9]. - The board noted a shift in market trends from contact-based to non-contact biometric identification devices due to increased public health awareness during the ongoing pandemic [10]. - The integration of AIoT in facial recognition devices will allow for identification even when masks are worn, and can also measure temperature and other health parameters in real-time [11]. - The company aims to diversify the functionality and applications of its non-contact biometric identification devices through AIoT, capturing new market opportunities [10]. Market Challenges and Strategic Decisions - The company has faced challenges in the design and manufacturing of fingerprint recognition devices due to increased public health awareness and strict government measures since the COVID-19 outbreak [8]. - The company decided to suspend the launch of locally manufactured affordable fingerprint recognition devices due to reduced market demand and uncertainties related to the COVID-19 pandemic in China [9]. - The board believes that reallocating the net proceeds from the listing will lead to more effective financial resource allocation, benefiting the company and its shareholders [11]. Reporting Integrity - The company confirmed that the additional information provided does not affect the contents of the 2022 annual report and the 2022 interim report, maintaining their integrity [11].

Financial Performance - The unaudited condensed consolidated results for the six months ended September 30, 2022, show a significant performance overview for the Group [13]. - The Group reported a revenue increase of 25% compared to the same period in 2021, reflecting strong market demand [13]. - Revenue for the three months ended September 30, 2022, was HK$9,044,000, a decrease of 27.5% compared to HK$12,422,000 in the same period of 2021 [14]. - Revenue for the six months ended September 30, 2022, was HK$21,354,000, down 17.5% from HK$25,854,000 in the prior year [40]. - The Group's total revenue from sales of biometrics identification devices and security products for the six months ended September 30, 2022, was HK$14,001,000, down 20.0% from HK$17,752,000 in 2021 [40]. - The Group reported a net loss of approximately HK$7.9 million for the six months ended September 30, 2022, compared to a net loss of approximately HK$5.3 million for the same period in 2021 [149]. User and Market Growth - User data indicates a growth in active users by 15% year-over-year, highlighting the effectiveness of recent marketing strategies [13]. - The Company is planning market expansion into Southeast Asia, targeting a 10% market share within the next two years [13]. - The Group aims to expand its market share in Hong Kong and Macau and become a leading biometrics identification solutions provider in the PRC [183]. Future Outlook and Strategy - The Company has outlined a future outlook with a projected revenue growth of 30% for the next fiscal year, driven by new product launches [13]. - A strategic acquisition is in progress, expected to enhance the Company's capabilities and broaden its customer base [13]. - The Group plans to enhance its marketing capabilities and expand its product portfolio to increase market share in Hong Kong and Macau [137]. - The Group intends to utilize unutilized net proceeds from its listing to launch affordable locally manufactured fingerprint identification devices as part of its expansion plan in Southern China [138]. Research and Development - Investment in research and development has increased by 20%, focusing on innovative technologies to enhance service offerings [13]. - Approximately HK$5.0 million was allocated to improve the information technology system, with the full amount spent as of September 30, 2022 [189]. - The Group spent approximately HK$15.2 million to set up a new software development center in the PRC to enhance and develop its software [190]. Financial Position and Cash Flow - Net cash used in operating activities for the six months ended September 30, 2022, was HK$6,993,000, slightly improved from HK$8,007,000 in the same period of 2021 [22]. - Cash and cash equivalents at the end of the period were HK$29,114,000, down from HK$48,891,000 at the end of the same period in 2021, indicating a decrease of 40.5% [22]. - As of September 30, 2022, the Group had no bank borrowings, maintaining a healthy financial position to support business expansion [151]. Expenses and Losses - Gross profit for the six months ended September 30, 2022, was HK$7,398,000, down 30.5% from HK$10,686,000 in the previous year [14]. - Loss for the period was HK$6,003,000 for the three months ended September 30, 2022, compared to a loss of HK$3,285,000 in the same period of 2021, representing an increase of 82.5% [14]. - Administrative expenses rose to approximately HK$12.7 million for the six months ended September 30, 2022, compared to approximately HK$12.5 million for the same period in 2021 [146]. Corporate Governance - The Group is committed to high standards of corporate governance, ensuring public accountability and safeguarding shareholder interests [192]. - The roles of chairman and CEO are held by the same individual, which the Board believes is in the best interest of effective management and business development [194].