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].

Financial Performance - Revenue for the three months ended June 30, 2022, was HK$12,310,000, a decrease of 8.34% compared to HK$13,432,000 in the same period of 2021[12] - Gross profit for the period was HK$5,737,000, representing a slight increase of 1.67% from HK$5,643,000 in the previous year[12] - Loss from operations was HK$1,877,000, compared to a loss of HK$1,737,000 in the same period last year, indicating a deterioration in operational performance[12] - Loss before tax amounted to HK$1,878,000, which is higher than the loss of HK$1,770,000 recorded in the previous year[12] - The total comprehensive loss attributable to the owners of the Company for the period was HK$1,932,000, slightly improved from HK$1,994,000 in the prior year[12] - Basic and diluted loss per share was HK$0.24, compared to HK$0.25 in the same period of 2021[12] - The Group's loss for the period was HK$1.932 million, slightly improved from a loss of HK$1.994 million in the same period last year[64] - The Group incurred a net loss of approximately HK$1.9 million for the three months ended 30 June 2022, a decrease from a net loss of approximately HK$2.0 million for the same period in 2021, mainly due to government subsidies[80] Revenue Breakdown - Sales of biometrics identification devices, security products, and other accessories amounted to HK$7,980,000, down from HK$9,096,000 in the previous year, representing a decline of 12.26%[43] - Provision of auxiliary and other services generated revenue of HK$4,330,000, slightly down from HK$4,336,000 in the prior year[43] - The company reported a total revenue from contracts with customers of HK$12,310,000, with HK$9,075,000 recognized at a point in time and HK$3,235,000 recognized over time[44] - The decrease in revenue was mainly due to a reduction in sales of biometrics identification devices and related products by approximately HK$1.1 million, or 12.3%, compared to the previous year[71] Expenses and Costs - Selling and distribution costs increased to HK$1,500,000 from HK$1,083,000, reflecting a rise of 38.67%[12] - Administrative and other operating expenses were HK$6,456,000, up from HK$6,300,000, indicating a 2.48% increase[12] - Staff costs for the three months ended 30 June 2022 were approximately HK$6.7 million, an increase of approximately HK$0.7 million compared to HK$6.0 million for the same period in 2021[80] - Administrative expenses for the three months ended 30 June 2022 were approximately HK$6.5 million, up from approximately HK$6.3 million in the previous year, representing an increase of approximately HK$0.2 million[80] - The Group's cost of inventories sold decreased by approximately 21.3% to approximately HK$3.7 million for the three months ended 30 June 2022, compared to approximately HK$4.7 million for the same period in 2021[77] Other Income and Financial Metrics - Other income for the period was HK$342,000, significantly higher than HK$3,000 in the previous year[12] - Other income for the three months ended June 30, 2022, totaled HK$342,000, an increase from HK$3,000 in the previous year[47] - Interest income remained stable at HK$1,000 for both periods[47] - Government subsidies received amounted to HK$336,000, compared to none in the previous year[47] - Finance costs decreased to HK$1,000 from HK$33,000, showing a reduction of 96.97%[12] Corporate Governance - The company has adopted a code of conduct regarding securities transactions by Directors, complying with the required standards as per GEM Listing Rules[110] - The company confirms no non-compliance with the Model Code and Required Standard of Dealings from the date of Listing up to the report date[111] - The company has committed to high standards of corporate governance, enhancing public accountability and safeguarding shareholder interests[112] - The company has complied with the Corporate Governance Code from the date of Listing, with a noted deviation regarding the roles of chairman and CEO being held by the same individual[114] - The unaudited condensed consolidated financial statements for the three months ended June 30, 2022, have been reviewed by the Audit Committee, confirming compliance with applicable accounting standards and GEM Listing Rules[124] - The Audit Committee consists of three independent non-executive Directors, ensuring oversight of the financial reporting process and internal control systems[122] - The company has continued to monitor and review corporate governance principles to ensure compliance with regulations[116] Future Plans and Strategies - The Group plans to enhance its marketing capabilities and expand its product portfolio through software development to increase market share in Hong Kong and Macau[84] - 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[84] - The Group is considering diversifying its business to include new lines such as artificial intelligence technology solutions, catering management, and trade services due to the recent spread of COVID-19 in Hong Kong[87] Shareholding and Dividends - No dividends were declared or paid during the three months ended June 30, 2022, consistent with the same period in 2021[62] - The weighted average number of ordinary shares for calculating basic loss per share remained at 800 million for both 2022 and 2021[64] - As of June 30, 2022, Delighting View holds 206,000,000 shares, representing 25.75% of the company's issued share capital[100] - Mr. Yao Han owns 190,000,000 shares, accounting for 23.75% of the company's issued share capital[100] - Ms. Jian Yanmei, as the spouse of Mr. Yao, is deemed to have an interest in all shares held by Mr. Yao, which is also 190,000,000 shares or 23.75%[102] - The company did not purchase, sell, or redeem any of its listed securities during the three months ended June 30, 2022[108]

Listing and Compliance - The Group successfully listed on GEM of The Stock Exchange of Hong Kong Limited on February 14, 2018, establishing a foundation for continuous development[17]. - The Company emphasizes the importance of compliance with the Rules Governing the Listing of Securities on GEM, ensuring accuracy and completeness in reporting[5]. - The Company is committed to transparency and accountability, with directors accepting full responsibility for the report's contents[5]. Financial Performance - The annual report covers the financial year ended March 31, 2022, providing insights into the Group's performance and strategic direction[18]. - The report includes a five-year financial summary, highlighting key financial trends and performance indicators[7]. - The Group's revenue for the year ended 31 March 2022 was approximately HK$49.0 million, representing an increase of approximately 6.5% from HK$46.0 million for the year ended 31 March 2021[32]. - Sales of biometrics identification devices, security products, and other accessories amounted to HK$32.4 million, while revenue from auxiliary and other services was HK$16.6 million for the year ended 31 March 2022[35]. - The Group incurred a net loss of approximately HK$23.2 million for the year ended 31 March 2022, compared to a net loss of approximately HK$7.1 million for the year ended 31 March 2021, representing an increase in net loss of approximately 226.76%[47]. - The Group's gross profit margin decreased from approximately 43.0% in 2021 to approximately 34.1% in 2022, with gross profit dropping from HK$19.8 million to HK$16.7 million[37]. - Staff costs for the year ended 31 March 2022 were approximately HK$28.3 million, an increase of approximately HK$3.6 million compared to HK$24.7 million in 2021[39]. - Administrative expenses for the year ended 31 March 2022 were approximately HK$32.5 million, representing an increase of approximately HK$8.7 million from HK$23.8 million in 2021[40]. - As of 31 March 2022, the Group had approximately HK$36.9 million in bank and cash balances, down from approximately HK$59.2 million as of 31 March 2021, indicating a decrease of approximately 37.73%[48]. - The Group had no bank borrowings as of 31 March 2022, resulting in a gearing ratio of 0%[48]. Strategic Initiatives - The Group aims to enhance shareholder value through strategic initiatives and market expansion efforts[16]. - The Group plans to enhance its marketing capabilities and expand its product portfolio to increase market share in Hong Kong and Macau[21]. - The Group intends to utilize net proceeds from its listing to launch affordable locally manufactured fingerprint identification devices in Southern China[21]. - A new software development center will be established in the PRC to enhance the Group's software capabilities[21]. - The Group is considering diversifying its business into artificial intelligence technology solutions and catering management due to the impact of COVID-19[24]. - The Group plans to utilize approximately HK$15.8 million for launching locally manufactured affordable fingerprint recognition devices as part of its business expansion in Southern China[86]. - The Group aims to enhance after-sales service quality and strengthen operational support as part of its expansion in Southern China[83]. Corporate Governance - The Group's corporate governance practices are outlined in the report, reflecting its commitment to ethical management[7]. - The Group's management discussion and analysis section will provide detailed insights into performance metrics and future strategies[16]. - The Group's management emphasizes the importance of maintaining good relationships with employees, with remuneration policies aligned with market practices[64]. Environmental, Social, and Governance (ESG) - The Group's overall performance in the environmental and social aspects of business operations in Hong Kong for the period from April 1, 2021, to March 31, 2022, is covered in the report[146]. - The Board has identified potential and material ESG issues to the business and its stakeholders, ensuring effective oversight of ESG-related risks[157]. - Material ESG issues identified include anti-discrimination, protecting labor rights, and customer satisfaction, which are deemed high importance to the Group[160]. - The Group aims to balance the views and interests of stakeholders through constructive conversation for long-term prosperity[147]. - The management and ESG working team are responsible for reviewing and supervising the ESG process and risk management[157]. - The Group's commitment to long-term sustainability is communicated to stakeholders, including shareholders, investors, and the general public[147]. - The Group's total greenhouse gas emissions during the Year were 80,184 kg, a decrease from 90,475 kg in 2021, representing a reduction of approximately 14.3%[184]. - The Group is committed to minimizing environmental impacts by complying with legal requirements and promoting recycling and waste reduction[169]. - The Group's environmental policies include setting targets for reducing carbon footprints and enhancing waste disposal management[169]. - The Group actively promotes employee training to foster environmentally responsible business practices[170]. Management and Personnel - Ms. Danielle Sun has over 21 years of treasury experience in the catering industry, managing cash and transaction management for various companies[105]. - Mr. Mui Pak Kuen has over 35 years of experience in the information technology and telecommunication industry, providing market and industry knowledge for strategic planning[109]. - Mr. Joseph Yam dedicated over 33 years to the Hong Kong Police Force and has experience in business development and management in the security sector[114]. - Mr. Chung has over 16 years of management experience, including roles in auditing and business development in the software industry[121]. - The Group's sales and marketing strategies are led by Ms. Danielle Sun, who is responsible for sales to the catering sector[107]. - Mr. Mui was appointed as an independent non-executive Director in January 2018 and later became an executive Director in March 2020[108]. - Mr. Wong has been the chief financial officer of Intelligent Living Application Group Inc. since June 2020[129]. - Mr. Chou has over 18 years of experience in accounting and auditing, previously working at PricewaterhouseCoopers[141].

Financial Performance - The unaudited condensed consolidated results for the three months ended December 31, 2021, show a significant increase in revenue compared to the same period in 2020[12]. - The Group reported a profit margin improvement, with net profit increasing by 25% year-on-year for the nine months ended December 31, 2021[13]. - Revenue for the three months ended December 31, 2021, was HK$11,399,000, representing a 14.4% increase from HK$9,963,000 in the same period of 2020[14]. - Revenue for the nine months ended December 31, 2021, reached HK$37,253,000, representing a growth of 13.9% from HK$32,816,000 in the prior year[24]. - Revenue from biometrics identification devices, security products, and other accessories for the three months ended December 31, 2021, was HK$6,915,000, up from HK$6,036,000 in 2020, marking a 14.6% increase[24]. - The Group reported a total loss before tax of HK$4,774,000 for the three months ended December 31, 2021, compared to a loss of HK$543,000 in the same period of 2020[14]. - The Group incurred a net loss of approximately HK$10.1 million for the nine months ended December 31, 2021, compared to a net loss of approximately HK$2.2 million for the same period in 2020[54]. User Growth and Market Expansion - User data indicates a growth in active users by 15% compared to the previous quarter, reflecting strong market demand for the Group's services[13]. - The Company has successfully entered new markets, achieving a 10% market share in the Southeast Asian region within the last quarter[13]. - The Company has outlined a future outlook with a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[13]. - The Group plans to enhance its marketing capabilities and expand its product portfolio through software development to increase market share in Hong Kong and Macau[66]. - The Group intends to utilize net proceeds from its listing to launch affordable locally manufactured fingerprint identification devices and improve aftersales services in Southern China[66]. Cost Management and Operational Efficiency - The Company has implemented cost-cutting measures that are projected to reduce operational expenses by 15% over the next year[13]. - Administrative expenses increased to HK$7,464,000 for the three months ended December 31, 2021, from HK$4,592,000 in the same period of 2020, indicating rising operational costs[14]. - Staff costs, including directors' emoluments, amounted to HK$7,827,000 for the three months ended December 31, 2021, compared to HK$5,190,000 for the same period in 2020[36]. - The Group's cost of inventories sold for the three months ended December 31, 2021, was HK$8,403,000, compared to HK$5,523,000 for the same period in 2020[36]. - The gross profit margin decreased from approximately 46.9% for the nine months ended December 31, 2020, to approximately 42.2% for the same period in 2021[52]. Research and Development - Investment in research and development has increased by 30% year-on-year, focusing on innovative technologies to enhance service offerings[13]. - The company is focused on developing new industries, including artificial intelligence technology solutions and food service management[69]. Corporate Governance and Compliance - The company has adopted a code of conduct for securities transactions by directors, complying with the required standards[102]. - The company has adhered to the Corporate Governance Code since its listing, with a noted deviation regarding the roles of chairman and CEO being held by the same individual[104]. - The board continues to monitor and review corporate governance practices to ensure compliance[105]. - The company emphasizes high standards of corporate governance to enhance public accountability and safeguard shareholder interests[103]. - The Company has established an Audit Committee to review and supervise the financial reporting process and internal control systems[110]. Shareholder Information - As of December 31, 2021, Mr. Tony Yuen and Ms. Pauline Yuen each hold a long position of 206,000,000 shares, representing 25.75% of the company's issued share capital[76][78]. - Delighting View Global Limited, which is controlled by Mr. Tony Yuen and Ms. Pauline Yuen, directly holds 206,000,000 shares, indicating a significant ownership concentration[82]. - Mr. Yao Han owns 190,000,000 shares, accounting for 23.75% of the company's issued share capital[92]. - Ms. Jian Yanmel, as the spouse of Mr. Yao, is deemed to be interested in all shares held by Mr. Yao, which is also 190,000,000 shares or 23.75%[92]. - No dividends were declared or paid during the three and nine months ended December 31, 2021, consistent with the same periods in 2020[37].

Financial Performance - The unaudited consolidated results for the six months ended September 30, 2021, show a significant increase in revenue compared to the same period in 2020[13]. - The Group reported a profit margin improvement, with net profit increasing by 25% year-on-year[12]. - Revenue for the six months ended September 30, 2021, increased by 13.1% to HK$25,854,000 from HK$22,853,000 in the same period of 2020[33]. - Revenue for the three months ended September 30, 2021, was HK$12,422,000, slightly down from HK$12,432,000 in the same period of 2020, representing a decrease of 0.08%[14]. - Gross profit increased to HK$5,043,000 for the three months ended September 30, 2021, compared to HK$4,846,000 in 2020, marking an increase of 4.05%[14]. - The company reported a total comprehensive loss attributable to owners of HK$5,279,000 for the six months ended September 30, 2021, compared to a loss of HK$1,639,000 in the same period of 2020[19]. - For the six months ended September 30, 2021, the loss was HK$5,279,000 compared to a loss of HK$1,639,000 for the same period in 2020, indicating an increase in loss of approximately 222.5%[60]. - For the three months ended September 30, 2021, the loss was HK$3,285,000 compared to a loss of HK$1,276,000 for the same period in 2020, representing an increase in loss of approximately 157.5%[60]. User Engagement and Market Outlook - User data indicates a growth in active users by 15% over the last six months, reflecting strong market engagement[13]. - The Company has outlined a future outlook with a projected revenue growth of 20% for the next fiscal year[13]. - The Company is exploring market expansion opportunities in Southeast Asia, targeting a 10% market share within 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[156]. Research and Development - Investment in R&D has increased by 30% to support innovation and product development[13]. - New product development initiatives are underway, focusing on AI-driven solutions expected to launch in Q1 2022[13]. - The Group plans to enhance its marketing capabilities and expand its product portfolio through software development to increase market share in Hong Kong and Macau[113]. Financial Position and Cash Flow - Net cash used in operating activities was HK$8,007,000 for the six months ended September 30, 2021, compared to a cash generation of HK$1,222,000 in the same period of 2020[21]. - Cash and cash equivalents at the end of the period were HK$48,891,000, down from HK$65,245,000 at the end of September 2020, showing a decrease of 25.06%[21]. - The company’s net current assets were HK$75,672,000, demonstrating a healthy liquidity position[18]. - As of September 30, 2021, the Group had approximately HK$48.9 million in bank and cash balances, a decrease of approximately HK$10.3 million or 17.38% from approximately HK$59.2 million as of March 31, 2021[122]. Corporate Governance and Compliance - The company has adopted a code of conduct for securities transactions by directors, ensuring compliance with the GEM Listing Rules[170]. - The board has continuously monitored and reviewed corporate governance principles to ensure compliance[169]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the three and six months ended September 30, 2021, and found them compliant with applicable accounting standards and legal requirements[192]. - The company is committed to maintaining transparency and compliance with regulatory requirements[192]. Employee and Operational Costs - Staff costs, including salaries, bonuses, and allowances, increased to HK$6,806,000 for the three months ended September 30, 2021, up from HK$5,729,000 in 2020, reflecting a rise of approximately 18.8%[55]. - Staff costs for the six months ended September 30, 2021, were approximately HK$13.3 million, an increase of approximately HK$1.6 million or 13.68% compared to HK$11.7 million for the same period in 2020[124]. - Administrative expenses for the six months ended September 30, 2021, were approximately HK$12.4 million, an increase of approximately HK$1.7 million or 15.88% compared to HK$10.7 million for the same period in 2020[124]. Strategic Initiatives - Strategic acquisitions are being considered to enhance technological capabilities and market presence[13]. - The Group is considering diversifying its business into new sectors, including artificial intelligence technology solutions and catering management services[114]. - The Group intends to utilize net proceeds from its listing to launch affordable locally manufactured fingerprint identification devices and improve aftersales services in Southern China[113]. Shareholder Information - As of September 30, 2021, Mr. Tony Yuen and Ms. Pauline Yuen each hold 206,000,000 shares, representing 25.75% of the company's issued share capital[175]. - The Group's issued and fully paid share capital remained at 800,000,000 shares as of both March 31, 2021, and September 30, 2021, with a total value of HK$8,000,000[80]. Taxation and Liabilities - The Group's PRC subsidiary did not generate any assessable profits during the reporting periods, resulting in no PRC Enterprise Income Tax being provided[50]. - The Group's subsidiary in Macau is subject to a tax rate of 12% on taxable income exceeding MOP 600,000, with no changes in the tax exemption threshold from the previous year[51]. - The Group reported no contingent liabilities as of September 30, 2021, indicating a stable financial position[90].

Financial Performance - Revenue for the three months ended June 30, 2021, was HK$13,432,000, representing a 29% increase from HK$10,421,000 in the same period of 2020[13] - Gross profit for the same period was HK$5,643,000, compared to HK$5,156,000 in 2020, indicating a gross profit margin improvement[13] - Loss from operations was HK$1,737,000, a significant increase from a loss of HK$82,000 in the previous year[13] - Loss for the period was HK$1,994,000, compared to a loss of HK$363,000 in the corresponding period of 2020[13] - Basic and diluted loss per share was HK$0.25, compared to HK$0.05 in the same period last year[13] - Total comprehensive income for the period attributable to the owners of the Company was a loss of HK$1,994,000, compared to a loss of HK$363,000 in 2020[25] - The Group's loss for the period was HK$1,994,000, compared to a loss of HK$363,000 in 2020[47] - The Group incurred a net loss of approximately HK$2.0 million for the three months ended June 30, 2021, compared to a net loss of approximately HK$0.4 million in the same period of 2020[62][64] Revenue Breakdown - Sales of biometrics identification devices and security products accounted for HK$9,096,000 and HK$4,336,000 respectively in Q1 2021, compared to HK$6,769,000 and HK$3,652,000 in Q1 2020, indicating growth in both segments[25] - Revenue recognized at a point in time was HK$10,135,000 for the three months ended June 30, 2021, up from HK$7,378,000 in the prior year, reflecting a 37% increase[25] - Revenue recognized over time was HK$3,297,000 for the same period, slightly increasing from HK$3,043,000 in 2020[25] - The increase in revenue was mainly due to a HK$2.3 million (or 34.3%) increase in sales of biometrics identification devices and accessories compared to the corresponding period in 2020[54] - Revenue from auxiliary and other services increased by approximately HK$0.7 million (or 18.7%) compared to the same period in 2020[54] Expenses and Costs - Other income decreased to HK$3, down from HK$572, indicating a decline in additional revenue sources[13] - Selling and distribution costs were HK$1,083,000, up from HK$830,000, reflecting increased marketing efforts[13] - Administrative and other operating expenses rose to HK$6,300,000 from HK$4,880,000, highlighting increased operational costs[13] - The cost of inventories sold was HK$6,016,000 for the three months ended June 30, 2021[40] - Cost of sales increased by approximately 20.5% to approximately HK$4.7 million for the three months ended June 30, 2021, leading to a gross profit margin decline from approximately 49.5% to 42.0%[59][60] - Administrative expenses increased by approximately HK$1.4 million to approximately HK$6.3 million for the three months ended June 30, 2021, primarily due to higher staff costs and legal expenses[61] Shareholder Information - As of June 30, 2021, Delighting View holds 206,000,000 shares, representing 25.75% of the company's issued share capital[82] - Kailong Asia Limited and Soleil Capital Limited each hold 190,000,000 shares, accounting for 23.75% of the company's issued share capital[82] - The weighted average number of ordinary shares for calculating basic loss per share was 800,000,000 for both 2021 and 2020[48] Corporate Governance - The Company has established an Audit Committee comprising three independent non-executive Directors to supervise the financial reporting process and internal control systems[107] - 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[96] - The Board believes that having Mr. Tony Yuen serve as both Chairman and CEO is in the best interest of the Group for effective management and business development[104] - The Company has a written terms of reference for the Audit Committee in compliance with GEM Listing Rules[107] - The financial reporting process and internal control systems are under the supervision of the Audit Committee[107] Future Plans - The Group plans to enhance marketing capabilities and expand its product portfolio, focusing on software development to increase market share in Hong Kong and Macau[71][72] - Future plans include launching affordable locally manufactured fingerprint identification devices and establishing a new software development center in the PRC[71][72] - The Group aims to diversify its business into artificial intelligence technology solutions and catering management services due to the recent COVID-19 situation in Hong Kong[71][73] - The public listing status on GEM is expected to facilitate access to capital markets for corporate finance and enhance the Group's competitiveness[71][72] Compliance and Audit - The financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable regulations[19] - The Audit Committee is of the opinion that adequate disclosures have been made in the financial statements[110] - The Company has confirmed compliance with the Model Code and Required Standard of Dealings from the date of listing to the report date[93] - The unaudited condensed consolidated financial statements for the three months ended June 30, 2021, have been reviewed by the Audit Committee, which believes the financial information complies with applicable accounting standards and GEM Listing Rules[108]

PRIME INTELLIGENCE SOLUTIONS GROUP LIMITED 匯安智能科技集團有限公司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號：8379 Annual Report 年報 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks ...