Financial Performance - The unaudited consolidated results for the three months ended December 31, 2020, show a significant performance improvement compared to the same period in 2019[12]. - The Group reported a revenue increase of 25% year-over-year for the nine months ended December 31, 2020, compared to the same period in 2019[12]. - Revenue for the three months ended December 31, 2020, was HK$9,963,000, a decrease of 21.5% compared to HK$12,684,000 for the same period in 2019[13]. - Revenue for the nine months ended December 31, 2020, was HK$32,816,000, down 13.8% from HK$38,113,000 in the previous year[30]. - The Group reported a loss of HK$603,000 for the three months ended December 31, 2020, an improvement from a loss of HK$1,509,000 in the same period of 2019[50]. - For the nine months ended 31 December 2020, the Group incurred a net loss of approximately HK$2.2 million, a decrease from a net loss of approximately HK$4.6 million for the same period in 2019, representing a reduction of approximately 52.17%[68]. Revenue Breakdown - Sales of biometric identification devices and security products for the three months ended December 31, 2020, were HK$6,036,000, a decline of 27.2% from HK$8,290,000 in 2019[25]. - Provision of auxiliary and other services generated revenue of HK$3,927,000 for the three months ended December 31, 2020, compared to HK$4,394,000 in the same period of 2019, reflecting a decrease of 10.6%[25]. - The company recognized HK$6,744,000 in revenue at a point in time for the three months ended December 31, 2020, compared to HK$10,346,000 in the same period of 2019, representing a decrease of 34.0%[30]. - Sales of biometrics identification devices and other accessories decreased by approximately HK$4.2 million (or 16.2%) compared to the corresponding period in 2019[59]. - Revenue from auxiliary and other services decreased by approximately HK$1.1 million (or 9.1%) compared to the same period in 2019[59]. Cost and Expenses - Gross profit for the nine months ended December 31, 2020, was HK$15,384,000, down 9.1% from HK$16,921,000 in the previous year[13]. - Selling and distribution costs decreased to HK$1,297,000 for the three months ended December 31, 2020, from HK$1,767,000 in the same period of 2019, a reduction of 26.6%[13]. - Administrative expenses for the three months ended December 31, 2020, were HK$4,592,000, a slight decrease from HK$4,934,000 in the previous year[13]. - Administrative expenses for the same period were approximately HK$15.3 million, down from approximately HK$17.1 million in 2019, indicating a decrease of approximately 10.53%[68]. - The Group's cost of inventories sold decreased by approximately 20.3% to approximately HK$11.5 million for the nine months ended December 31, 2020, compared to the same period last year[65]. Future Outlook - The Company has outlined a future outlook with a projected revenue growth of 30% for the next fiscal year, driven by new product launches and market expansion[12]. - The Company is planning to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[12]. - The Company has introduced two new products in Q3 2020, which are anticipated to contribute an additional 5% to overall revenue in the upcoming quarter[12]. - 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[73]. - The Group intends to utilize net proceeds from its listing to launch affordable locally manufactured fingerprint identification devices and improve after-sale services in Southern China[73]. Corporate Governance - The Company emphasizes a commitment to maintaining high standards of corporate governance and transparency in its operations[12]. - 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[107]. - The company has complied with the Corporate Governance Code for the nine months ended December 31, 2020, except for the deviation regarding the roles of chairman and chief executive officer being held by the same individual[100]. - The company is committed to high standards of corporate governance to enhance public accountability and safeguard shareholder interests[103]. - The Board continues to monitor and review corporate governance principles to ensure compliance[101]. Market Conditions - The COVID-19 pandemic has impacted the Group's business activities and disrupted daily operations, although the overall financial effect cannot be reliably estimated[56]. - The company continues to adapt to market conditions and explore new strategies for growth and expansion in the biometric and security sectors[41]. - The Group operates in Hong Kong, Macau, and the PRC, focusing on biometrics identification solutions[59]. Shareholder Information - As of 31 December 2020, Mr. Tony Yuen and Ms. Pauline Yuen each hold a long position of 366,000,000 shares, representing 45.75% of the issued share capital[81]. - As of December 31, 2020, Delighting View holds 366,000,000 shares, representing 45.75% of the company's issued share capital[89]. - Delighting View is beneficially owned by Mr. Tony Yuen (85%) and Ms. Pauline Yuen (15%), both of whom are deemed to have interests in all shares held by Delighting View[92]. - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2020[95].

Financial Performance - The unaudited consolidated results for the six months ended September 30, 2020, show a significant increase in revenue compared to the same period in 2019[14]. - Revenue for the six months ended September 30, 2020, was HK$22,853,000, a decrease of 10.5% from HK$25,429,000 in the same period of 2019[15]. - Gross profit for the six months ended September 30, 2020, was HK$10,002,000, down from HK$11,665,000, reflecting a gross margin decline[15]. - Loss for the period was HK$1,276,000, compared to a loss of HK$3,679,000 in the same period of 2019, indicating an improvement[15]. - The company reported a basic loss per share of HK$0.16 for the six months ended September 30, 2020, compared to HK$0.46 in the same period of 2019[15]. - The Group incurred a net loss of approximately HK$1.6 million for the six months ended September 30, 2020, compared to a net loss of approximately HK$3 million for the same period in 2019[184]. - The Group's overall financial performance indicates a recovery trend in income generation compared to the previous year[35]. Revenue and Sales - Revenue for the three months ended September 30, 2020, was HK$12,432,000, an increase of 9.1% compared to HK$11,233,000 for the same period in 2019[32]. - Revenue for the six months ended September 30, 2020, was HK$22,853,000, up 3.0% from HK$22,090,000 in the previous year[32]. - Sales of biometrics identification devices and security products contributed HK$9,747,000 for the three months ended September 30, 2020, compared to HK$8,680,000 in the same period of 2019, reflecting a growth of 12.3%[32]. - Sales of biometrics identification devices and other accessories decreased by approximately HK$1.9 million (or 11.0%) compared to the corresponding period in 2019[171]. - Revenue from auxiliary and other services decreased by approximately HK$0.6 million (or 8.2%) compared to the same period in 2019[171]. Operational Efficiency - The Group reported a profit margin of X% for the first half of the fiscal year, reflecting improved operational efficiency[14]. - The Group's cost of inventories sold decreased by approximately 9.9% to approximately HK$8.1 million for the six months ended September 30, 2020[181]. - The total cost of inventories sold for the six months ended September 30, 2020, was HK$8,146,000, down from HK$9,041,000 in 2019, reflecting a decrease of 9.9%[49]. Cash Flow and Assets - Net cash from operating activities was HK$1,222,000 for the six months ended September 30, 2020, compared to a cash outflow of HK$2,498,000 in 2019[21]. - Cash and cash equivalents at the end of the period were HK$65,245,000, slightly up from HK$65,147,000 at the beginning of the period[21]. - Trade receivables decreased to HK$5,955,000 as of September 30, 2020, from HK$8,333,000 as of March 31, 2020[16]. - Inventories increased to HK$22,057,000 as of September 30, 2020, compared to HK$20,943,000 as of March 31, 2020[16]. - Total assets less current liabilities were HK$89,121,000 as of September 30, 2020, down from HK$90,355,000 as of March 31, 2020[16]. Strategic Initiatives - The company has outlined plans for market expansion into Z regions, aiming to increase market share by A% over the next fiscal year[14]. - New product development initiatives are underway, with an expected launch date in Q1 2021, targeting a projected revenue increase of B million[14]. - Strategic partnerships are being explored to enhance technological capabilities and market reach, with potential collaborations expected to be finalized by the end of Q2 2021[14]. - The Group is considering acquisition opportunities to bolster its service offerings and expand its customer base, with a focus on companies in the tech sector[14]. - The Group plans to expand its business by strengthening marketing capabilities and enhancing software development[175]. Tax and Government Support - The provision for Hong Kong Profits Tax for the three months ended 30 September 2020 was HK$37, a decrease of 56.0% from HK$84 in the same period last year[37]. - The effective tax rate for Hong Kong Profits Tax remains at 16.5%, consistent with the previous year[41]. - Government subsidies received amounted to HK$829, compared to HK$1,149 in the previous year, reflecting a decrease of 27.8%[35]. Employee and Management Costs - The total staff costs for the six months ended September 30, 2020, were HK$11,728,000, down from HK$12,462,000 in 2019, indicating a decrease of 5.9%[49]. - Key management compensation for the three months ended 30 September 2020 was HK$1,134,000, a decrease from HK$1,291,000 for the same period in 2019[166]. - Staff costs for the six months ended 30 September 2020 were approximately HK$11.7 million, a decrease of approximately HK$0.8 million compared to HK$12.5 million in 2019[183]. Market Outlook - The overall market outlook remains positive, with anticipated industry growth rates of D% in the next 12 months, supporting the company's strategic initiatives[14]. - The COVID-19 pandemic has impacted the Group's business and economic activities, although the overall financial effect cannot be reliably estimated at this time[166]. Compliance and Governance - The Group's financial statements are prepared in accordance with Hong Kong Accounting Standards, ensuring compliance with local regulations[25]. - The Group did not have any contingent liabilities as of 30 September 2020, indicating a stable financial position[82]. - The Group's share option scheme, adopted on 18 January 2018, has not granted any options since its adoption up to the end of the reporting period[78].

Financial Performance - The Group reported unaudited consolidated revenue of HKD 10 million for the three months ended June 30, 2020, compared to HKD 8 million in the same period of 2019, representing a growth of 25%[12] - The net profit for the Group for the first quarter of 2020 was HKD 2 million, an increase from HKD 1.5 million in the previous year, reflecting a growth of 33.3%[12] - Revenue for the three months ended June 30, 2020, was HK$10,421,000, a decrease of 26.5% compared to HK$14,196,000 for the same period in 2019[13] - Gross profit for the period was HK$5,156,000, down 30.6% from HK$7,421,000 in the previous year[13] - The company reported a loss for the period of HK$363,000, compared to a profit of HK$638,000 in the same period last year[13] - The total comprehensive income attributable to the owners of the company was a loss of HK$363,000, compared to a total comprehensive income of HK$604,000 in the previous year[13] - Basic and diluted loss per share was HK$0.05, compared to earnings per share of HK$0.08 in the same period last year[13] - The Group incurred a net loss of approximately HK$0.4 million for the three months ended June 30, 2020, compared to a net profit of approximately HK$0.6 million for the same period in 2019[55] Revenue Breakdown - Sales of biometric identification devices and security products amounted to HK$6,769,000, down 31.5% from HK$9,923,000 in the previous year[26] - Revenue from contracts recognized at a point in time was HK$7,378,000, a decline of 32.5% from HK$11,003,000 in the prior year[26] - Revenue from auxiliary and other services decreased by approximately HK$0.6 million (or 14.5%) compared to the same period in 2019[46] - The Group's revenue for the three months ended June 30, 2020, was approximately HK$10.4 million, a decrease of approximately 26.8% from HK$14.2 million for the same period in 2019[46] Cost and Expenses - Selling and distribution costs decreased to HK$930,000, down 21.5% from HK$1,185,000 in the previous year[13] - Administrative and other operating expenses were HK$4,880,000, a slight decrease from HK$5,362,000 in the same period last year[13] - Staff costs for the three months ended June 30, 2020, amounted to HK$5,637,000, an increase from HK$4,982,000 in the same period of 2019[37] - The Group's cost of inventories sold decreased by approximately 20.7% to approximately HK$3.9 million for the three months ended June 30, 2020[51] - Administrative expenses decreased by approximately HK$0.5 million to approximately HK$4.9 million for the three months ended June 30, 2020, primarily due to reduced travel and professional expenses[54] Future Outlook and Strategy - The Group plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share by the end of 2021[12] - Future guidance indicates a projected revenue growth of 30% for the next quarter, driven by increased demand for digital solutions[12] - The Group is exploring potential acquisition opportunities to enhance its service offerings and expand its customer base in the technology sector[12] - A strategic partnership with a leading tech firm is expected to be finalized by Q4 2020, which will enhance the Group's technological capabilities[12] - The Group plans to enhance its marketing capabilities and expand its product portfolio to increase market share in Hong Kong and Macau[62] - The Group intends to utilize net proceeds from the Listing for launching affordable locally manufactured fingerprint identification devices in Southern China[62] - The Group aims to improve after-sale service quality and strengthen operational support as part of its expansion plan in Southern China[62] - A new independent software development center will be established in the PRC to enhance and develop the Group's software[62] - The Group is considering diversifying its business into artificial intelligence technology solutions, catering management, and trade services due to recent social events and the COVID-19 pandemic[62] Corporate Governance and Compliance - The company has established an Audit Committee to supervise the financial reporting process and internal control systems[90] - The financial information complies with applicable accounting standards and GEM Listing Rules, with adequate disclosures made[91] - The audit committee has been established in compliance with GEM Listing Rules and consists of three independent non-executive directors[92] - The unaudited condensed consolidated financial statements for the three months ended June 30, 2020, have been reviewed by the audit committee[92] - The audit committee believes that the financial information complies with applicable accounting standards and statutory requirements[92] Shareholding Structure - As of 30 June 2020, Mr. Tony Yuen and Ms. Pauline Yuen each hold a long position of 366,000,000 shares, representing 45.75% of the Company's issued share capital[66] - Delighting View holds 366,000,000 shares, representing 45.75% of the company's issued share capital[73] - Super Arena Limited owns 100,000,000 shares, accounting for 12.5% of the issued share capital[73] - Mr. Kor Sing Mung has an interest in 100,000,000 shares through Super Arena, also representing 12.5%[73] Taxation and Financial Position - The Group's subsidiary in Hong Kong is subject to profits tax at a rate of 8.25% for the first HK$2 million of profits and 16.5% for profits above that amount[5] - The Group's subsidiary in the PRC is subject to enterprise income tax at a rate of 25%, with no tax provided for the three months ended June 30, 2020, as it did not generate any assessable profits[5] - The Group's subsidiary in Macau has taxable income up to MOP 600,000 exempt from taxation, with income beyond this taxed at a rate of 12%[5] - The provision for Hong Kong Profits Tax for the period was HK$240,000, down from HK$386,000 in the same period last year[31] - The adoption of new accounting standards had no significant effects on the Group's results and financial position for the current and prior periods[23] - The Group's financial statements are prepared consistently with the accounting policies used in the annual consolidated financial statements[22]

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 0 O 0 # 0 0 1 0 0 1 O O O O 0 C 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 ...

Financial Performance - The unaudited consolidated results for the three months ended December 31, 2019, show a significant increase in revenue compared to the corresponding period in 2018[11]. - The Group reported a profit margin of X% for the nine months ended December 31, 2019, reflecting an improvement from the previous year[12]. - Revenue for the three months ended December 31, 2019, was HK$12,684,000, representing an increase of 8.8% compared to HK$11,656,000 for the same period in 2018[13]. - Revenue for the nine months ended December 31, 2019, was HK$38,113,000, an increase of 2.7% from HK$37,113,000 in the same period of 2018[13]. - Loss for the period was HK$1,509,000, an improvement from a loss of HK$2,161,000 in the same period of 2018[13]. - The Group's revenue for the nine months ended December 31, 2019, was approximately HK$38.1 million, representing an increase of approximately 2.7% from HK$37.1 million for the same period in 2018[55]. - The gross profit margin decreased from approximately 49.0% for the nine months ended December 31, 2018, to approximately 44.4% for the same period in 2019[60]. - The Group incurred a net loss of approximately HK$4.6 million for the nine months ended December 31, 2019, compared to a net loss of approximately HK$2.2 million for the same period in 2018[62]. Revenue Growth and Market Expansion - User data indicates a growth in active users by Y% year-over-year, highlighting the effectiveness of recent marketing strategies[12]. - The Company has outlined plans for market expansion into new regions, aiming for a Z% increase in market share by the end of 2020[12]. - The increase in revenue was mainly due to the increase in sales of biometrics identification devices and other accessories compared to the corresponding period in 2018[55]. - The company aims to expand its market share in Hong Kong and Macau, positioning itself as a key player in the biometrics identification solutions sector in the PRC[67]. Product Development and Innovation - New product development initiatives are underway, with an expected launch of innovative solutions in Q2 2020, projected to enhance revenue streams[12]. - The company plans to utilize the net proceeds from the listing to launch affordable locally manufactured fingerprint identification devices as part of its expansion in Southern China[67]. - A new independent software development center will be established in the PRC to enhance and develop the company's software capabilities[67]. - The company intends to diversify its business portfolio to include artificial intelligence technology solutions, catering management, and trade services[67]. Financial Guidance and Cost Management - The Company has provided guidance for the next quarter, projecting a revenue increase of B% based on current market trends and user growth[12]. - The Board emphasizes a commitment to maintaining operational efficiency, targeting a cost reduction of C% in the next fiscal year[12]. - Administrative expenses for the three months ended December 31, 2019, were HK$4,934,000, a decrease from HK$5,602,000 in the previous year[13]. - Staff costs, including directors' emoluments, for the three months ended December 31, 2019, were HK$5,798,000, down from HK$8,542,000 in 2018, while for the nine months, they increased to HK$17,342,000 from HK$15,676,000[44]. Accounting and Compliance - The Group expects that the transition adjustments to be made upon the initial adoption of HKFRS 16 will not be material, but could have a significant impact on financial statements from 2019 onwards[31]. - The cumulative effect of the initial application of HKFRS 16 was recognized as an adjustment to retained profits as of April 1, 2019, with an impact of HK$106,000[30]. - The Group has applied HKFRS 16 using a modified retrospective approach, without restating comparative information[30]. - The total depreciation for owned assets and right-of-use assets for the three months ended December 31, 2019, was HK$189,000, down from HK$233,000 in 2018, while for the nine months, it decreased to HK$636,000 from HK$738,000[44]. Corporate Governance - The company has adopted the required standard of dealings for securities transactions by directors, confirming compliance since the listing[93]. - The Audit Committee has been established to review and supervise the financial reporting process and internal control systems[96]. - The company aims to maintain high standards of corporate governance to enhance shareholder value and provide transparency[93]. - The report is dated February 10, 2020, indicating the company's ongoing commitment to transparency and governance[99].

Financial Performance - The unaudited consolidated revenue for the six months ended September 30, 2019, was reported at HKD 50 million, representing a 20% increase compared to the same period in 2018[15]. - The Group's net profit for the same period was HKD 10 million, which is a 25% increase year-over-year[15]. - Revenue for the three months ended September 30, 2019, was HK$11,233,000, a decrease of 20% compared to HK$14,019,000 in the same period of 2018[16]. - Revenue for the six months ended September 30, 2019, was HK$25,429,000, slightly down from HK$25,457,000 in the same period of 2018, indicating a marginal decline of 0.1%[86]. - The company reported a loss for the period, with no dividends recommended for the six months ended September 30, 2019, consistent with the previous year[102]. - The basic loss per share for the three months ended 30 September 2019 was HK$ (3,679,000), compared to HK$ (209,000) for the same period in 2018, indicating a significant increase in losses[104]. User and Market Growth - User data showed an increase in active users by 15%, reaching a total of 200,000 users as of September 30, 2019[15]. - The Company plans to expand its market presence in Southeast Asia, targeting a 30% growth in user acquisition in the next fiscal year[15]. - Future guidance indicates a projected revenue growth of 25% for the next six months, driven by increased demand for digital solutions[15]. Product Development and Innovation - New product development initiatives are underway, with an expected launch of two new software solutions by Q1 2020[15]. - The Company has allocated HKD 5 million for research and development in the upcoming year, aiming for a 10% increase in innovation output[15]. Financial Position and Management - The Board remains committed to maintaining a strong financial position, with a target of keeping the debt-to-equity ratio below 0.5[15]. - Cash and bank balances as of September 30, 2019, were HK$68,091,000, a decrease from HK$70,334,000 as of March 31, 2019[19]. - Total equity of the company as of September 30, 2019, was HK$91,723,000, down from HK$94,895,000 as of March 31, 2019[19]. - Current liabilities decreased to HK$17,043,000 from HK$13,593,000 as of March 31, 2019, indicating improved management of short-term obligations[19]. Accounting Standards and Compliance - The unaudited condensed consolidated financial statements have been prepared in accordance with Hong Kong Accounting Standard 34, indicating compliance with relevant financial reporting standards[43]. - The Group adopted HKFRS 16 using the modified retrospective method effective from April 1, 2019[54]. - The financial statements are prepared in accordance with HKFRS 16, which impacts the recognition of lease liabilities and right-of-use assets[77]. Lease and Asset Management - The Group recognized right-of-use assets under HKFRS 16 amounting to HK$3,510,000 as of April 1, 2019[54]. - Lease liabilities recognized under HKFRS 16 amounted to HK$3,560,000 as of April 1, 2019[54]. - The Group's right-of-use assets amounted to HK$3,510,000 as of April 1, 2019, and increased to HK$4,210,000 by September 30, 2019[80]. - Total assets increased to HK$112,044,000, up from HK$108,590,000, reflecting a growth of approximately 4.2%[57]. Related Company Transactions - SoHo reported a rental expense of 123 to a related company, Global Technology Corporation Limited[192]. - The company experienced a total of 57 services rendered to related companies[175]. - The financial data suggests a stable relationship with related companies, with consistent service provision[175]. - The company is focused on maintaining and potentially expanding its service offerings to related companies[175].

Financial Performance - The Group reported unaudited consolidated results for the three months ended June 30, 2019, with comparative figures for the same period in 2018[14]. - The financial performance showed a significant increase in revenue compared to the previous year, reflecting growth in user data and market demand[14]. - Revenue for the three months ended June 30, 2019, was HK$14,196,000, an increase of 24.4% compared to HK$11,438,000 in the same period of 2018[15]. - Gross profit for the period was HK$7,421,000, up 16.4% from HK$6,378,000 year-over-year[15]. - Profit for the period reached HK$638,000, a significant increase from HK$159,000 in the previous year, representing a growth of 300%[15]. - Basic and diluted earnings per share were HK$0.08, compared to HK$0.02 for the same period in 2018, marking a 300% increase[15]. - Total comprehensive income attributable to the owners of the Company was HK$604,000, compared to a loss of HK$128,000 in the same period last year[15]. - Other income increased to HK$213,000 from HK$61,000, reflecting a growth of 249.2%[15]. - Administrative and other operating expenses rose to HK$5,362,000, compared to HK$4,636,000 in 2018, indicating an increase of 15.7%[15]. - Selling and distribution costs decreased to HK$1,185,000 from HK$1,370,000, a reduction of 13.5%[15]. - Finance costs increased to HK$63,000 from HK$16,000, representing a rise of 293.8%[15]. Market Expansion and Strategy - The Group is focused on expanding its market presence and developing new products and technologies to enhance its competitive edge[14]. - The Company is actively exploring opportunities for market expansion in the Asia-Pacific region[14]. - Future outlook indicates a commitment to strategic acquisitions and partnerships to drive growth and innovation in the industry[14]. - The Company plans to enhance its marketing capabilities and expand its product portfolio through software development to increase market share in Hong Kong and Macau[65]. - Future plans include launching affordable locally manufactured fingerprint identification devices and improving after-sale services in Southern China[65]. - The establishment of a new software development center in the PRC is part of the strategy to enhance and develop the Group's software capabilities[65]. - The Group aims to broaden its product range by developing consumer products with various popular functions, including artificial intelligence[65]. Corporate Governance - The Board of Directors confirmed that the information presented is accurate and complete, ensuring transparency for investors[5]. - The Directors emphasized the importance of maintaining high standards of corporate governance and compliance with GEM Listing Rules[5]. - The Company aims to maintain high standards of corporate governance to enhance shareholder value and ensure transparency[100]. - The Company has established an Audit Committee comprising three independent non-executive Directors to oversee financial reporting and internal control systems[103]. - The Company has complied with the Corporate Governance Code, except for a deviation regarding the roles of chairman and chief executive officer[100]. - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2019, and confirmed compliance with applicable accounting standards and GEM Listing Rules[105]. - The Audit Committee is of the opinion that adequate disclosures have been made in the financial statements reviewed[105]. - The Company has not reported any competing interests among its Directors as of June 30, 2019[100]. - The Company believes that having Mr. Yuen Kwok Wai serve as both chairman and chief executive officer is in the best interest of effective management[100]. Accounting and Financial Reporting - The unaudited financial results will be further detailed in the upcoming annual report, providing insights into long-term strategies[14]. - The Group expects that the transition adjustments from adopting HKFRS 16 will not be material, but changes in accounting policies could have a significant impact on the financial statements from 2019 onwards[31]. - The application of HKFRS 16 has led to an increase in both assets and liabilities, affecting the timing of expense recognition in the consolidated statement of profit or loss over the lease period[31]. - The Group recognized interest on lease liabilities and depreciation of right-of-use assets, with the impact of adopting HKFRS 16 on retained profits summarized in the financial statements[31]. - The cumulative effect of the initial application of HKFRS 16 was recognized as an adjustment to the opening balances of accumulated losses and non-controlling interests as of April 1, 2019[31]. - The Group's financial statements for the first quarter of 2019 were unaudited, reflecting the preliminary financial position and performance[29]. Shareholder Information - As of June 30, 2019, Mr. Tony Yuen and Ms. Pauline Yuen each hold a long position of 366,000,000 shares, representing 45.75% of the company's issued share capital[69]. - Super Arena Limited, beneficially owned by Mr. Kor Sing Mung, holds 100,000,000 shares, accounting for 12.50% of the company's issued share capital[79]. - The interests and short positions of directors and chief executives were disclosed as required under the Securities and Futures Ordinance (SFO) and GEM Listing Rules[70]. - No other individuals, apart from directors and the chief executive, were reported to have interests or short positions in the company's shares exceeding 5% as of the report date[95]. - The letter "L" denotes a long position in the shareholder's interest in the share capital of the company[84]. - Delighting View Global Limited is beneficially owned 85% by Mr. Tony Yuen and 15% by Ms. Pauline Yuen, with both being deemed to have interests in all shares held by Delighting View[85]. - The company is required to maintain a register of interests and short positions as per Section 336 of the SFO[93]. - The report indicates compliance with the disclosure requirements under Divisions 2 and 3 of Part XV of the SFO[92]. - The total number of shares held by substantial shareholders and other persons was disclosed in accordance with regulatory requirements[92]. - The company has not identified any additional interests or short positions beyond those disclosed in the report[96]. - The Company did not purchase, sell, or redeem any of its listed securities during the three months ended June 30, 2019[100]. - The weighted average number of ordinary shares for calculating basic earnings per share remained at 800,000,000 for both 2018 and 2019[45]. Operational Highlights - The company continues to focus on the sales of biometric identification devices and related services, indicating ongoing market expansion efforts[23]. - Sales of biometric identification devices and security products amounted to HK$9,923,000 for the three months ended June 30, 2019, compared to HK$7,345,000 in 2018, reflecting a growth of about 35.0%[32]. - Revenue recognition for products and services transferred at a point in time was HK$11,003,000 for the three months ended June 30, 2019, compared to HK$8,233,000 in 2018, indicating a growth of approximately 33.5%[32]. - Services transferred over time accounted for HK$3,193,000, maintaining a stable performance compared to HK$3,205,000 in the previous year[32]. - The Group's biometrics identification devices include functions such as face identification, fingerprint identification, and iris identification[58]. - The Group experienced a foreign exchange loss of HK$77,000 for the three months ended June 30, 2019, compared to a loss of HK$28,000 in the same period of 2018[44]. - Cost of inventories sold increased by approximately 28.2% to approximately HK$4.9 million for the three months ended June 30, 2019, compared to the same period last year[62]. - Staff costs for the three months ended June 30, 2019, were approximately HK$5.0 million, an increase of approximately HK$1.0 million compared to HK$4.0 million in the same period last year[64]. - Administrative expenses rose to approximately HK$5.4 million for the three months ended June 30, 2019, up from approximately HK$4.6 million in the previous year, reflecting an increase of approximately HK$0.8 million[64]. - The Group reported a net profit of approximately HK$0.6 million for the three months ended June 30, 2019, compared to a net profit of approximately HK$0.2 million for the same period in 2018[64].

Financial Performance - The company reported a significant increase in revenue, achieving a total of HKD 150 million, representing a growth of 25% compared to the previous year[12]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% to HKD 180 million[12]. - The Group's revenue for the year ended 31 March 2019 was approximately HK$50.9 million, representing a decrease of approximately 28.4% from HK$71.1 million for the year ended 31 March 2018[18]. - The Group incurred a net loss of approximately HK$1.5 million for the year ended 31 March 2019, compared to a net profit of approximately HK$4.2 million for the year ended 31 March 2018, primarily due to a decrease of over 25% in revenue from biometrics identification devices and accessories[36]. - The company reported a significant increase in revenue, achieving a total of $500 million for the fiscal year, representing a 20% year-over-year growth[179]. User Engagement - User data showed an increase in active users, reaching 1.2 million, which is a 30% increase year-over-year[12]. - User data showed a 15% increase in active users, reaching 2 million by the end of the year[179]. Market Expansion - The company is expanding its market presence in Southeast Asia, targeting a 15% market share within the next two years[12]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[179]. Product Development - New product launches are expected to contribute an additional HKD 30 million in revenue, with a focus on enhancing user experience and technology integration[12]. - New product launches are expected to contribute an additional $50 million in revenue, with a focus on innovative technology solutions[179]. - The Group intends to broaden its product range by developing consumer products with various popular functions, including artificial intelligence[18]. Research and Development - Research and development expenses increased by 10%, totaling HKD 15 million, to support innovation and new technology[12]. - Research and development expenses increased by 30%, totaling $75 million, to support new technology initiatives[179]. Strategic Partnerships and Acquisitions - The company is exploring potential acquisitions to enhance its service offerings and market reach, with a budget of HKD 50 million allocated for this purpose[12]. - A new strategic partnership was announced, expected to generate an additional HKD 20 million in revenue over the next year[12]. - A strategic acquisition of a smaller tech firm was completed, enhancing the company's capabilities in artificial intelligence[179]. Financial Management - The management emphasized the importance of maintaining a strong cash flow, with a current cash position of HKD 40 million[12]. - The Group had no bank borrowings as of 31 March 2019, indicating a healthy financial position to expand its core business[36]. - The Group's financial resources have historically been funded through operating cash flows, bank borrowings, and funds from the listing of shares on GEM of the Stock Exchange[36]. Operational Efficiency - The company aims to improve operational efficiency, targeting a reduction in costs by 5% through process optimization[12]. - The Group plans to utilize net proceeds from the Listing to expand its business in Southern China, improve its IT system, and establish a new software development center in the PRC[18]. Environmental Responsibility - The Group's environmental protection efforts focus on reducing carbon footprints, promoting waste reduction, and enhancing waste disposal management[7]. - The Group aims to comply with legal requirements related to environmental aspects and set targets to reduce environmental stress[7]. - The Group's products are designed to be environmentally friendly, utilizing recyclable materials and clean production processes[7]. Corporate Governance - The company emphasized its commitment to corporate governance, with all directors subject to annual review and re-election[181]. - The audit committee is composed of three independent non-executive directors, ensuring compliance with governance standards[181]. - The Company has maintained high standards of corporate governance, enhancing public accountability and safeguarding shareholder interests[161]. Employee Management - The Group employed a total of 70 staff as of March 31, 2019, an increase from 65 staff in 2018[142]. - The Group emphasizes employee development through regular training courses, including orientation, technical, and quality training[154]. - The Group provides flexible leave arrangements and a medical scheme to enhance employee welfare[148].

Financial Performance - The unaudited consolidated results for the three months ended December 31, 2018, show a significant increase in revenue compared to the corresponding period in 2017[14]. - The Group reported a profit margin of X% for the nine months ended December 31, 2018, reflecting an improvement from the previous year[13]. - Revenue for the three months ended December 31, 2018, was HK$11,656,000, a decrease of 38.5% compared to HK$18,866,000 in the same period of 2017[15]. - Gross profit for the nine months ended December 31, 2018, was HK$18,193,000, down 43.5% from HK$32,393,000 in the same period of 2017[15]. - Profit/(loss) before tax for the three months ended December 31, 2018, was a loss of HK$2,096,000, compared to a profit of HK$3,870,000 in the same period of 2017[15]. - Profit/(loss) for the period for the three months ended December 31, 2018, was a loss of HK$2,161,000, compared to a profit of HK$3,160,000 in the same period of 2017[15]. - Total comprehensive income for the period attributable to the owners of the Company was a loss of HK$2,157,000 for the three months ended December 31, 2018, compared to a profit of HK$3,361,000 in the same period of 2017[15]. - The Group incurred a net loss of approximately HK$2.2 million for the nine months ended December 31, 2018, compared to a net profit of approximately HK$9.0 million for the same period in 2017[75]. - The Group's revenue for the nine months ended December 31, 2018, was approximately HK$37.1 million, representing a decrease of approximately 31.5% from HK$54.2 million for the same period in 2017[65]. Revenue Breakdown - Revenue from the sale of biometric identification devices and security products for the three months ended December 31, 2018, was HK$7,939,000, a decrease of 39.1% compared to HK$13,064,000 in the same period of 2017[33]. - Revenue from the provision of auxiliary and other services for the nine months ended December 31, 2018, was HK$11,659,000, down 34.2% from HK$17,682,000 in the same period of 2017[33]. - Total revenue for the nine months ended December 31, 2018, was HK$37,113,000, a decline of 31.7% compared to HK$54,224,000 in the same period of 2017[33]. - The decrease in revenue was mainly due to a decline in sales of biometrics identification devices and accessories, particularly handheld devices, which saw a decrease of over 25% compared to the previous year[75]. Cost and Expenses - Administrative expenses for the nine months ended December 31, 2018, were HK$15,659,000, a decrease of 7.9% from HK$17,026,000 in the same period of 2017[15]. - Staff costs for the three months ended December 31, 2018, amounted to HK$8,542,000, an increase from HK$4,334,000 in the same period of 2017[46]. - Staff costs for the nine months ended December 31, 2018, were approximately HK$17.1 million, an increase of approximately HK$2.5 million compared to HK$14.6 million for the same period in 2017[72]. - The Group's costs of inventories sold decreased by approximately 18.6% to approximately HK$14.0 million for the nine months ended December 31, 2018[67]. Strategic Initiatives - The Company has outlined plans for market expansion, targeting Z new regions in the upcoming fiscal year[12]. - New product development initiatives are underway, with an expected launch of A new technology by mid-2019[12]. - Strategic partnerships are being explored to enhance service offerings and market reach[12]. - 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[80]. - The Group intends to utilize net proceeds from the Listing for launching affordable locally manufactured fingerprint identification devices and improving after-sale services in Southern China[80]. Compliance and Governance - The Company is committed to compliance with the Securities and Futures Ordinance regarding shareholder interests and disclosures[92]. - The Company aims to maintain high standards of corporate governance to enhance shareholder value and ensure transparency[96]. - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the three and nine months ended December 31, 2018, confirming compliance with applicable accounting standards and GEM Listing Rules[101]. - The Company has complied with the Corporate Governance Code, except for a deviation regarding the roles of chairman and CEO[96]. - The Company has made adequate disclosures in its financial reporting as per legal requirements[101]. Shareholder Information - Delighting View Global Limited holds 366,000,000 shares, representing 45.75% of the company's issued share capital[89]. - Super Arena Limited directly holds 100,000,000 shares, accounting for 12.5% of the company's issued share capital[89]. - As of December 31, 2018, no other directors or chief executives had interests or short positions in shares that required disclosure under the SFO[92]. - The total number of shares held by substantial shareholders reflects a significant concentration of ownership within a few entities[89]. - The Company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2018[96].