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的任何損失承擔任何責任。 Prosperous Printing Company Limited 萬 里 印 刷 有 限 公 司 （於香港註冊成立的有限公司） （股份代號：8385） 中期業績公佈 截至 年 月 日止六個月 2023 6 30 萬里印刷有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公 司截至2023年6月30日止六個月之未經審核中期業績。 本公佈列載本公司財務摘要及2023年中期報告全文，符合香港聯合交易所有限公司GEM 證券上市規則（「GEM上市規則」）中有關中期業績初步公佈附載之資料之要求。載有GEM 上市規則規定資料之本公司2023年中期報告之印刷本將寄發予本公司股東，並可於GEM 網站www.hkgem.com及本公司網站 www.prosperous-printing-group.com.hk內查閱。 承董事會命 萬里印刷有限公司 ...

2023 第一季度業績報告 (於香港註冊成立的有限公司 ) 股份代號: 8385 (Incorporated in Hong Kong with Limited Liability) Stock Code: 8385 2023 FIRST QUARTERLY REPORT 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提供一個上市之市場。 有意投資之人士應了解投資於該等公司之潛在風險，並應經過審慎周詳之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買賣之證券可能會較於聯交所主板買賣之證券承受較大之市 場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並 明確表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本報告乃遵照GEM證券上市規則（「GEM上市規則」）之規定而提供有關萬里印刷有限公司（「本公司」，連同 其附屬公司，統稱「本集團」）之資料，各董事（各自稱為「董事」 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公佈之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任 何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 Prosperous Printing Company Limited 萬 里 印 刷 有 限 公 司 （於香港註冊成立的有限公司） （股份代號：8385） 第一季度業績公佈 截至 年 月 日止三個月 2023 3 31 萬里印刷有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公 司截至2023年3月31日止三個月之未經審核業績。 本公佈列載本公司2023年第一季度報告全文，並符合聯交所GEM證券上市規則（「GEM上 市規則」）中有關季度業績初步公佈附載之資料之相關要求。 承董事會命 萬里印刷有限公司 主席 林三明 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「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。 Prosperous Printing Company Limited 萬 里 印 刷 有 限 公 司 （於香港註冊成立的有限公司） （股份代號：8385） 全年業績公佈 截至 年 月 日止年度 2022 12 31 萬里印刷有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公 司截至2022年12月31日止年度之經審核綜合財務業績。 本公佈列載本公司2022年年報全文，並符合香港聯合交易所有限公司GEM證券上市規則 （「GEM上市規則」）中有關全年業績初步公佈附載資料之要求。載有GEM上市規則規定資 料之本公司2022年年報之印刷本將寄發予本公司股東，並將於GEM網站 www.hkgem.com 「最新上市公司公告」一頁及本公司網站 www.prosperous-printing-group.com.hk 查閱。 承董事會命 萬里印刷有限公司 ...

Financial Performance - For the year ended December 31, 2022, the group's revenue was approximately HKD 194.8 million, a decrease of about 30.9% compared to HKD 281.8 million for the year ended December 31, 2021[10]. - The gross profit for the year ended December 31, 2022, was approximately HKD 57.1 million, compared to HKD 54.2 million for the year ended December 31, 2021, indicating an improvement in gross margin due to cost control measures[10]. - The net loss for the year ended December 31, 2022, was approximately HKD 59.7 million, an improvement from a net loss of HKD 83.1 million for the year ended December 31, 2021[10]. - Selling costs decreased by approximately 39.5% to about HKD 137.8 million for the year ended December 31, 2022, down from approximately HKD 227.6 million for the year ended December 31, 2021, primarily due to reduced sales volume[43]. - Other income decreased to HKD 6.0 million for the year ended December 31, 2022, from HKD 14.2 million for the year ended December 31, 2021, mainly due to a reduction in rental income subsidies[46]. - Administrative expenses increased to approximately HKD 55.7 million for the year ended December 31, 2022, from HKD 54.5 million for the year ended December 31, 2021, primarily due to increased maintenance and repair costs[47]. - Financial costs increased by approximately 20.3% to HKD 7.1 million for the year ended December 31, 2022, compared to HKD 5.9 million for the year ended December 31, 2021, mainly due to increased interest expenses on borrowings and lease liabilities[48]. - The company recorded a loss of approximately HKD 59.7 million for the year ended December 31, 2022, an improvement from a loss of approximately HKD 83.1 million for the year ended December 31, 2021, primarily due to a reduction in trade and other receivables impairment losses[50]. - As of December 31, 2022, the company's current liabilities exceeded current assets by approximately HKD 126.7 million, compared to HKD 72.6 million as of December 31, 2021[52]. - The group recorded a loss of approximately HKD 59,655,000 for the year ended December 31, 2022, with net current liabilities of about HKD 126,699,000[53]. - As of December 31, 2022, bank loans and overdrafts amounted to approximately HKD 138,684,000, with other loans of HKD 4,165,000 due within one year[53]. - The group’s capital expenditure for the year ended December 31, 2022, was HKD 202,620,000, an increase from HKD 196,747,000 in 2021[58]. - The group had no significant investments or acquisitions of subsidiaries, associates, or joint ventures for the year ended December 31, 2022[59]. - The group’s bank financing as of December 31, 2022, was HKD 172,855,000, compared to HKD 167,599,000 in 2021[62]. - The group had no capital commitments for the purchase of property, plant, and equipment as of December 31, 2022[64]. - The company has sufficient operating funds to meet its financial obligations for the next twelve months[114]. - The board believes that the group will have sufficient working capital to meet its financial obligations for at least the next twelve months[118]. Corporate Governance - The company does not recommend the payment of a final dividend for the year ended December 31, 2022, consistent with the previous year[10]. - The board does not recommend the payment of a final dividend for the year ended December 31, 2022[70]. - The board of directors has held four meetings during the reporting period, with all directors attending all meetings, indicating strong governance and engagement[84]. - The company has adopted the GEM Listing Rules as a code of conduct for securities trading by directors, ensuring compliance with trading standards[77]. - The board is composed of three independent non-executive directors, meeting the requirement of having at least one with appropriate professional qualifications or financial management expertise[85]. - The company has implemented a training program for directors to enhance their knowledge and skills, ensuring they are well-versed in their responsibilities under the GEM Listing Rules[91]. - The board is responsible for overseeing the company's business and affairs, ensuring management acts in the best interests of shareholders while considering other stakeholders[89]. - The company has established a clear division of responsibilities between the chairman and the CEO, aligning with best practices in corporate governance[75]. - The board has approved an annual budget that covers strategy, financial performance, key risks, and opportunities, demonstrating proactive financial management[80]. - The company has a policy for the re-election of directors, ensuring that at least one-third of the board is subject to retirement and re-election at each annual general meeting[88]. - The company has taken out directors' liability insurance to protect against legal actions arising from their duties, enhancing governance and risk management[79]. - The Audit Committee held four meetings during the reporting period, with all members attending all meetings[97]. - The Audit Committee reviewed the audited consolidated financial statements and recommended their approval to the Board[97]. - The company has established risk management procedures and guidelines to manage risks across various business functions[111]. - The Board confirmed its responsibility for the effectiveness of the risk management and internal control systems[108]. - The company has no internal audit unit due to cost-effectiveness considerations, but resources have been allocated to enhance internal control systems[111]. - The Board believes that the risk management and internal control systems are adequate and effective[111]. - The Audit Committee assists the Board in overseeing the design, implementation, and monitoring of risk management and internal control systems[109]. Environmental Commitment - The total greenhouse gas emissions for the fiscal year 2022 amounted to 6,195.03 tons of CO2 equivalent, a decrease of 27.7% from 8,576.53 tons in fiscal year 2021[141]. - Direct emissions were recorded at 21.20 tons in fiscal year 2022, down from 26.83 tons in fiscal year 2021, representing a reduction of 21.5%[141]. - Indirect emissions decreased by 27.5%, from 8,549.70 tons in fiscal year 2021 to 6,173.83 tons in fiscal year 2022[141]. - The total output in fiscal year 2022 was 8,599.59 tons, a significant decline of 39.5% compared to 14,224.08 tons in fiscal year 2021[141]. - The Shenzhen factory received a 5-year pollution discharge permit from the Shenzhen Ecological Environment Bureau, allowing for internal monitoring of wastewater and exhaust emissions[136]. - The factory's VOC emissions were reported to be compliant with Shenzhen's environmental and safety standards, with benzene and toluene levels at 0 mg/m³ in fiscal year 2022[142]. - The chemical oxygen demand (COD) in wastewater was measured at 62 mg/L in fiscal year 2022, compared to 8.50 mg/L in fiscal year 2021, indicating a significant increase[145]. - The pH level of wastewater in fiscal year 2022 was 7.1125, slightly lower than 7.300 in fiscal year 2021[145]. - The company emphasizes its commitment to environmental protection and compliance with relevant environmental regulations, including the Environmental Protection Law of the People's Republic of China[135]. - The company has established various channels for stakeholders to provide feedback on sustainability performance and future strategies[133]. - The total amount of paper materials purchased in FY2022 was 11,296.73 tons, an increase of 16.50% compared to 9,697.17 tons in FY2021, primarily due to higher inventory levels to meet production demands[146]. - In FY2022, the total amount of waste collected at the Shenzhen factory decreased to 2,240.85 tons from 3,094.12 tons in FY2021, representing a reduction of 27.58%[148]. - The amount of harmful waste generated in FY2022 was 5.80 tons, an increase of 52.63% from 3.80 tons in FY2021, mainly due to residues from wastewater treatment[152]. - Paper costs increased by 3.96% to HKD 67.85 million in FY2022, driven by the procurement of additional paper to meet various production needs[157]. - The total amount of recycled waste in FY2022 was 2,240.85 tons, achieving a recycling rate of 99.74%, comparable to 99.88% in FY2021[148]. - The company continues to encourage the use of environmentally friendly materials and aims to find alternatives to plastic film for packaging[168]. Operational Strategies - The company plans to implement strategies to improve equipment and increase automation, expand the customer base, enhance sales and marketing coverage, and continue attracting and retaining high-end talent[16]. - The company anticipates that the business environment will remain challenging in 2023 due to economic uncertainties, including the impact of COVID-19 and rising paper costs[16]. - The company expresses cautious optimism for improved performance in 2023 as COVID-19 restrictions are lifted and borders reopen[19]. - The group is focused on expanding its operations in China and enhancing its relationships with local officials[25]. - The management team has a strong educational background, with qualifications from institutions such as the Hong Kong Polytechnic University and Charles Sturt University[28][33]. - The company aims to maximize resource efficiency and enhance productivity through automated production and effective management practices[156]. - The company's automated production system has significantly improved production efficiency, reducing labor intensity and enhancing product quality and consistency[160]. - The company aims to increase the output per worker by 5% and maintain electricity consumption at production levels in fiscal year 2023[164]. Employee Management - The total number of employees decreased from 480 in fiscal year 2021 to 454 in fiscal year 2022, representing a decline of 5.42%[171]. - The average number of employees during the year fell from 518 to 466, a decrease of 10.04%[171]. - Employee costs for the fiscal year 2022 decreased by 25.41% to HKD 53.1 million from HKD 71.2 million in 2021, primarily due to reduced overtime payments to employees in the Shenzhen factory[175]. - The total number of employees who resigned decreased from 154 in the fiscal year 2021 to 79 in 2022, representing a reduction of 48.70%[178]. - The number of employees with less than 2 years of service who resigned dropped by 62.37% from 93 in 2021 to 35 in 2022[179]. - The total number of training participants increased from 2,372 in 2021 to 3,500 in 2022, with total training hours rising from 2,549 to 3,558 hours[185]. - Average training hours per employee increased to 7.6 hours in 2022 from 4.9 hours in 2021[185]. - The company aims to maintain employee turnover for those with over 2 years of service below 10%[184]. - The company provides additional employer voluntary contributions to Hong Kong employees with 4 to 10 years of service, amounting to 5% to 10% of their basic monthly salary[174]. - The company emphasizes open communication channels for employees to express opinions and suggestions, including suggestion boxes and internal meetings[180]. - The company ensures that employee compensation and benefits meet or exceed minimum legal requirements and regularly engages in communication meetings with employees[188]. - The company has implemented a policy to respect labor rights and human rights, ensuring voluntary employment and prohibiting child labor[186]. Health and Safety - In the fiscal year 2022, the number of reported injuries and incidents decreased to 17 from 28 in the previous year, representing a reduction of 39.29%[199]. - The number of lost workdays increased to 247 in fiscal year 2022, up from 182 in fiscal year 2021, marking a rise of 35.71%[199]. - The company maintained a zero fatality rate, with no work-related deaths reported in both fiscal years 2022 and 2021[199]. - The Shenzhen factory has passed safety certification from the National Safety Production Supervision Administration of China, confirming compliance with health and safety standards[198]. - Health and safety training programs have been established to enhance workplace safety awareness, with all new employees required to undergo training before assignment[200]. - The company continues to implement COVID-19 preventive measures, including entry restrictions and health checks for personnel entering the Shenzhen factory[195]. - The company has expanded its reporting scope to include minor injuries to better track health prevention measures[199]. - The company emphasizes the importance of personal hygiene and health to strengthen employees' immune systems against diseases[197]. - The company is committed to providing a supportive and healthy work environment, recognizing the importance of a passionate workforce for efficient operations[194].

Financial Performance - For the three months ended September 30, 2022, the company reported revenue of HKD 46,431,000, a decrease of 42.5% compared to HKD 80,795,000 in the same period of 2021[10] - The gross profit for the same period was HKD 17,243,000, down 24.3% from HKD 22,817,000 year-on-year[10] - Operating profit for the three months was HKD 6,423,000, an increase of 39.0% from HKD 4,610,000 in the previous year[10] - The company recorded a net profit of HKD 4,537,000 for the three months, compared to a profit of HKD 2,243,000 in the same period of 2021, representing an increase of 102.5%[10] - For the nine months ended September 30, 2022, total revenue was HKD 154,665,000, down 29.5% from HKD 219,408,000 in the same period of 2021[10] - The company reported a net loss of HKD 16,671,000 for the nine months, compared to a loss of HKD 4,530,000 in the same period of 2021[10] - Basic and diluted earnings per share for the three months were HKD 0.57, compared to HKD 0.28 in the previous year[10] - The revenue from book and paper product sales for the three months ended September 30, 2022, was HKD 46.4 million, down from HKD 76.6 million in 2021[23] - The revenue from subcontracting services for the three months ended September 30, 2022, was HKD 26, a significant decrease from HKD 4.2 million in 2021[23] - Gross profit for the nine months ended September 30, 2022, was approximately HKD 41.0 million, down from HKD 44.2 million for the same period in 2021, while gross margin increased to 26.5% from 20.1%[39] Expenses and Losses - The company experienced a foreign exchange loss of HKD 12,066,000 for the nine months, impacting overall comprehensive income[12] - The company recorded a loss of approximately HKD 16.7 million for the nine months ended September 30, 2022, compared to a loss of approximately HKD 4.5 million for the same period in 2021, primarily due to increased distribution costs[33] - Administrative expenses rose from approximately HKD 41.2 million for the nine months ended September 30, 2021, to HKD 44.1 million for the same period in 2022, primarily due to increased employee and office expenses[41] - Financial costs remained relatively stable at approximately HKD 4.8 million for the nine months ended September 30, 2022, compared to HKD 4.7 million for the same period in 2021[43] - The group recorded a loss of approximately HKD 16.7 million for the nine months ended September 30, 2022, compared to a loss of HKD 4.5 million for the same period in 2021, mainly due to increased distribution costs and foreign exchange losses[45] Equity and Dividends - The total equity as of September 30, 2022, was HKD 101,548,000, a decrease from HKD 208,347,000 at the beginning of the year[12] - The company did not recommend the distribution of dividends for the nine months ended September 30, 2022, consistent with the same period in 2021[31] - The board did not recommend any dividend for the nine months ended September 30, 2022, consistent with the previous year[48] - As of September 30, 2022, First Tech holds 480,000,000 shares, representing 60% of the company's equity[61] - The company has pledged 72,000,000 shares, equivalent to 9% of the issued share capital, as collateral for a loan[61] Corporate Governance and Management - The company has complied with the corporate governance code principles during the nine months ended September 30, 2022, with a noted deviation regarding the separation of roles between the chairman and CEO[50][52] - As of September 30, 2022, the chairman and CEO, Mr. Lin, holds a 60% equity interest in the company through First Tech Inc., which owns 480,000,000 shares[58] - The company has adopted a share option scheme, but no options were granted or exercised during the nine months ended September 30, 2022[54][55] Future Outlook and Strategy - The company continues to focus on the production and sale of books and paper products, with ongoing assessments of market conditions for future growth strategies[16] - The company plans to improve equipment and increase automation to enhance competitiveness and market share[35] - The company faces risks including economic uncertainty due to COVID-19 and rising paper costs, but remains cautiously optimistic about the printing market's stable development[35] Taxation - The effective tax rate for the group is based on a two-tiered system, with the first HKD 2 million of profits taxed at 8.25% and profits above that taxed at 16.5%[27] - Income tax expense for the nine months ended September 30, 2022, was approximately HKD 0.3 million, down from HKD 1.2 million for the same period in 2021[44] Audit and Compliance - The audit committee reviewed the unaudited consolidated financial performance for the three and nine months ending September 30, 2022, confirming compliance with applicable accounting standards and GEM listing rules[64] - Other income increased due to higher foreign exchange gains recorded for the nine months ended September 30, 2022[40]

Financial Performance - For the six months ended June 30, 2022, the group's revenue was approximately HKD 108.2 million, a decrease of about 21.9% compared to HKD 138.6 million for the same period in 2021, primarily due to reduced sales orders caused by COVID-19 and overall global economic uncertainty[12]. - Gross profit for the same period was approximately HKD 23.8 million, an increase of about 10.7% from HKD 21.5 million in the prior year, attributed to reduced sales costs and effective cost control measures implemented by the company[12]. - The net loss for the six months ended June 30, 2022, was approximately HKD 21.2 million, compared to a net loss of HKD 6.6 million for the same period in 2021, mainly due to decreased other income and increased distribution costs[12]. - Total revenue for the six months ended June 30, 2022, was HKD 108,234,000, a decrease of 22% from HKD 138,613,000 in the same period of 2021[31]. - Revenue from book sales and printed products was HKD 108,027,000, down from HKD 134,081,000, reflecting a decline of approximately 19%[31]. - Other income for the six months ended June 30, 2022, was HKD 9,158,000, down from HKD 13,494,000, a decrease of about 32%[36]. - The group recorded a loss of approximately HKD 21.2 million for the six months ended June 30, 2022, compared to a loss of HKD 6.6 million for the same period in 2021, primarily due to a decrease in other income and an increase in distribution costs[64]. Dividends and Equity - The board of directors did not recommend the declaration of an interim dividend for the six months ended June 30, 2022, consistent with the prior year[12]. - The total equity as of June 30, 2022, was HKD 105,779,000, down from HKD 203,087,000 as of June 30, 2021[18]. - The company did not recommend any dividend for the six months ended June 30, 2022, consistent with the previous year[40]. - As of June 30, 2022, Mr. Lin and Ms. Yao each hold 480,000,000 shares, representing 60% of the company's equity[88]. Assets and Liabilities - Total assets as of June 30, 2022, were HKD 385.3 million, compared to HKD 381.3 million as of December 31, 2021[14]. - Total liabilities increased to HKD 279.5 million as of June 30, 2022, from HKD 251.0 million as of December 31, 2021[16]. - As of June 30, 2022, the company had current liabilities of approximately HKD 92,625,000 and bank loans and overdrafts due within one year of approximately HKD 144,779,000[28]. - The total amount of bank loans, overdrafts, and lease liabilities as of June 30, 2022, was approximately HKD 181.2 million, up from HKD 161.3 million as of December 31, 2021[65]. Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2022, was HKD 10,481,000, an increase from HKD 9,777,000 in 2021[20]. - The company had a net cash outflow of HKD 4,420,000 for the six months ended June 30, 2022, compared to a net cash inflow of HKD 22,263,000 in 2021[20]. - The company recorded a net cash inflow from investing activities of HKD 5,203,000 for the six months ended June 30, 2022, compared to HKD 7,651,000 in 2021[20]. Operational Insights - The company plans to sell certain properties as part of its strategy to improve financial conditions[29]. - The company plans to enhance equipment and automation, expand its customer base, strengthen sales and marketing coverage, and continue attracting and retaining high-end talent to improve market share and profitability[54]. - The company will closely monitor its operations and implement cost control measures to achieve sustainable positive cash flow[30]. - The company remains cautiously optimistic about the printing market's stable and healthy development despite facing risks from COVID-19, global economic uncertainty, and rising paper costs[54]. Foreign Exchange and Risks - The company experienced a foreign exchange loss of HKD 3.3 million for the period, compared to a gain of HKD 1.4 million in the prior year[13]. - The group faced foreign exchange risks primarily from receivables, payables, and cash balances denominated in currencies other than its functional currency, with no hedging instruments in place as of June 30, 2022[67]. Governance and Management - The company is led by Chairman and CEO Mr. Lin, who has over 37 years of experience in the printing industry[82]. - The company has a well-composed board, including three independent non-executive directors, ensuring a balance of power and authority[82]. - The audit committee was established on November 15, 2017, in accordance with GEM listing rules to oversee the financial performance of the group[95]. - All directors confirmed compliance with the trading code for securities transactions as of June 30, 2022[84].

Financial Performance - The group reported revenue of HKD 43,303,000 for the three months ended March 31, 2022, a decrease of 24.0% compared to HKD 57,009,000 in the same period of 2021[9]. - Gross profit for the same period was HKD 6,563,000, down 52.0% from HKD 13,660,000 year-on-year[9]. - Operating loss increased to HKD 15,582,000, compared to an operating loss of HKD 2,504,000 in the previous year, reflecting a significant decline in profitability[9]. - The group recorded a loss before tax of HKD 16,814,000, compared to a loss of HKD 4,093,000 in the prior year, indicating a worsening financial performance[9]. - The net loss for the period was HKD 16,922,000, compared to a net loss of HKD 4,204,000 in the same quarter of 2021[9]. - Basic and diluted loss per share was HKD 2.12, compared to a loss of HKD 0.53 per share in the previous year[9]. - The net loss for the three months ended March 31, 2022, was approximately HKD 16.9 million, compared to a net loss of HKD 4.2 million for the same period in 2021[28]. - The group recorded a loss of approximately HKD 16.9 million for the three months ended March 31, 2022, compared to a loss of HKD 4.2 million for the same period in 2021, primarily due to reduced sales orders caused by COVID-19 and global economic uncertainty[40]. Equity and Financial Position - The group’s total equity as of March 31, 2022, was HKD 113,506,000, down from HKD 208,347,000 at the beginning of the year[11]. - As of March 31, 2022, the group had an outstanding bank financing principal amount of HKD 136,407,884, with a covenant requiring tangible asset net worth to be no less than HKD 200 million[41]. - The group recognized an impairment loss of HKD 56,150,000 on accounts receivable due to high uncertainty in recoverable amounts caused by economic instability and COVID-19[41]. Expenses - The company experienced a significant increase in distribution costs, which rose to HKD 8,258,000 from HKD 4,237,000 year-on-year, reflecting higher expenses in sales activities[9]. - Administrative expenses increased to HKD 15,310,000, compared to HKD 14,085,000 in the same period last year, indicating rising operational costs[9]. - Other income decreased by approximately 36.4% to HKD 1.4 million for the three months ended March 31, 2022, down from HKD 2.2 million in 2021, primarily due to reduced rental income[34]. - Distribution costs increased to approximately HKD 8.3 million for the three months ended March 31, 2022, compared to HKD 4.2 million in 2021, attributed to higher freight and commission expenses[35]. - Administrative expenses rose by approximately 8.7% to HKD 15.3 million for the three months ended March 31, 2022, from HKD 14.1 million in 2021, mainly due to increased employee costs and office expenses[36]. - Financial costs for the three months ended March 31, 2022, were approximately HKD 1.2 million, compared to HKD 1.6 million for the same period in 2021, indicating stability in financial costs[37]. Strategic Outlook - The group plans to continue exploring new strategies for market expansion and product development to improve future performance[9]. - The company plans to improve equipment and increase automation to enhance competitiveness and market share[30]. - The company remains cautiously optimistic about the printing market's stable and healthy development despite challenges from economic uncertainties and rising paper costs[30]. Corporate Governance - The group has complied with the corporate governance code principles during the reporting period, with a noted deviation regarding the separation of roles between the Chairman and CEO[45][46]. - The audit committee reviewed the unaudited consolidated financial performance for the three months ending March 31, 2022, confirming compliance with applicable accounting standards[58]. - No directors or their close associates hold interests in any competing businesses[57]. Shareholder Information - The Chairman and CEO, Mr. Lin, holds a 60% equity interest in the company through a controlled corporation, with 480,000,000 shares held[54]. - First Tech holds a 60% equity stake in the company, with 480,000,000 shares owned[56]. - As of March 31, 2022, First Tech is the sole beneficial owner of 50,000 shares in a related entity[55]. - The pledged shares by First Tech amount to 72,000,000, representing 9% of the company's issued share capital[56]. - The group did not grant or exercise any share options under the stock option plan during the three months ended March 31, 2022[50]. - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the three months ended March 31, 2022[52]. Dividends - No dividend was recommended for the three months ended March 31, 2022, consistent with the same period in 2021[25]. - The group did not propose any dividend for the three months ended March 31, 2022, consistent with the previous period[43]. COVID-19 Measures - The company has implemented various measures to ensure the health and safety of customers and employees amid the COVID-19 pandemic[30].

Financial Performance - For the year ended December 31, 2021, the group's revenue was approximately HKD 281.8 million, stable compared to HKD 278.9 million for the year ended December 31, 2020[10]. - The gross profit for the year ended December 31, 2021, was approximately HKD 54.2 million, a significant improvement from a gross loss of approximately HKD 4.4 million for the year ended December 31, 2020[10]. - The net loss for the year ended December 31, 2021, was approximately HKD 83.1 million, reduced from a net loss of approximately HKD 100.8 million for the year ended December 31, 2020[10]. - The company sold part of its Hong Kong property for HKD 13.5 million to improve cash flow and reduce the debt-to-asset ratio[40]. - The company recorded a net loss of approximately HKD 83.1 million for the year ended December 31, 2021, an improvement from a net loss of HKD 100.8 million in 2020, primarily due to an increase in gross profit[52]. - As of December 31, 2021, the company's current liabilities exceeded current assets by approximately HKD 72.6 million, compared to a net current asset of approximately HKD 7.3 million in 2020[54]. - The company's total bank borrowings, overdrafts, and lease liabilities amounted to approximately HKD 161.3 million as of December 31, 2021, down from approximately HKD 200.2 million in 2020[54]. - The company had cash and cash equivalents of approximately HKD 2.0 million as of December 31, 2021, compared to HKD 9.1 million in 2020[62]. - Capital expenditures for the year ended December 31, 2021, totaled approximately HKD 197.4 million, a decrease from HKD 221.0 million in 2020[59]. - The company had no significant investments or major acquisitions or disposals of subsidiaries, associates, or joint ventures during the year ended December 31, 2021[60]. Corporate Governance - The board of directors did not recommend the payment of a final dividend for the year ended December 31, 2021, consistent with the previous year[10]. - The board includes independent non-executive directors with extensive experience in finance and corporate governance, enhancing the group's oversight capabilities[27][28][30][31]. - The company has not appointed any directors in public listed companies in the three years preceding the report date, indicating a focus on internal management[22][25][26]. - The company is committed to maintaining strong corporate governance practices, as evidenced by the qualifications of its board members[27][28]. - The chairman and CEO roles are held by the same individual, Mr. Lin, which the board believes is in the best interest of the company[75]. - The board held four meetings during the reporting period, with all directors attending all meetings[85]. - The company has appointed three independent non-executive directors, ensuring independent judgment within the board[86]. - The audit committee held four meetings during the reporting period, with all members attending all meetings[98]. - The company has established a risk management committee to assist the board in overseeing compliance with relevant laws and regulations[106]. - The board confirmed its responsibility for the effectiveness of the risk management and internal control systems, which aim to manage rather than eliminate risks[110]. Management and Strategy - The company plans to implement cost control measures to maintain its business amid ongoing economic uncertainties due to COVID-19 and rising paper costs[14]. - Future strategies include improving equipment and increasing automation, expanding the customer base, and enhancing sales and marketing coverage[14]. - The company expresses cautious optimism for improved performance in 2022 due to vaccination efforts and global cooperation against the pandemic[17]. - The group aims to expand its operations in the printing industry, leveraging the management's extensive experience and established relationships in the market[23]. - The financial management team is well-qualified, with members holding advanced degrees and professional certifications in accounting and finance[26][30]. - The company has a history of strategic management and operational oversight, which is critical for navigating market challenges and opportunities[21][23]. Environmental and Social Responsibility - The company is committed to promoting sustainable development and social responsibility, which is crucial for creating long-term value for stakeholders[125]. - The environmental, social, and governance report was prepared in accordance with the GEM Listing Rules, providing insights into the company's business activities[126]. - The impact of COVID-19 on the company's production and business activities during the 2021 financial year was acknowledged[126]. - The company has established various channels for stakeholders to express their opinions on sustainable development performance and future strategies[126]. - The total greenhouse gas emissions for the fiscal year 2021 amounted to 8,576.53 tons of CO2 equivalent, a slight increase from 6,396.18 tons in 2020, with direct emissions decreasing from 36.65 tons to 26.83 tons[134]. - The company achieved a 9.82% reduction in the total amount of purchased paper materials, decreasing from 10,753.09 tons in 2020 to 9,697.17 tons in 2021[139]. - The total waste collected in the Shenzhen factory for fiscal year 2021 was 3,094.12 tons, representing a 45.09% increase from 2,132.50 tons in 2020[141]. - The company produced 3.80 tons of hazardous waste in fiscal year 2021, which is a 12.76% increase from 3.37 tons in 2020[145]. - The Shenzhen factory's wastewater testing results for fiscal year 2021 showed compliance with environmental and safety standards, with a pH value of 7.300 and chemical oxygen demand of 8.50 mg/L[138]. - The company installed environmental air filters in the Shenzhen factory to reduce VOC emissions, which include benzene, toluene, and xylene[130]. Employee Management - The company employed 480 staff as of December 31, 2021, down from 669 in 2020, with total employee costs of approximately HKD 71.1 million for the year[66]. - The total number of employees at the end of FY2021 was 480, a decrease of 12.09% from 546 in FY2020[166]. - The average number of employees during FY2021 was 518, down 18.04% from 632 in FY2020[166]. - Employee costs for FY2021 totaled HKD 71,185,963, a decrease of 8.74% from HKD 78,003,457 in FY2020[170]. - The turnover rate for employees with less than 2 years of service was 60.39% in FY2021, compared to 64.66% in FY2020[171]. - The total number of resignations in FY2021 was 154, a decrease of 42.11% from 266 in FY2020[172]. - The company aims to maintain a turnover rate of employees with over 2 years of service below 10%[177]. - The company emphasizes competitive compensation to attract and retain employees[169]. - The company provides various training programs to enhance employee skills and knowledge[179]. - Total number of employees participating in training courses decreased from 3,873 in FY2020 to 2,372 in FY2021, a reduction of approximately 38.7%[180]. Safety and Health - Reported injuries and accidents increased from 23 in FY2020 to 28 in FY2021, an increase of 21.74%[194]. - Lost workdays decreased from 235 days in FY2020 to 182 days in FY2021, a reduction of 22.55%[194]. - The company implemented new health prevention measures in response to COVID-19, including temperature checks and mandatory mask-wearing since February 2020[191]. - The Shenzhen factory achieved certification for safety production standards, confirming compliance with social responsibility, health, and safety requirements[193]. - The company emphasizes the importance of a safe working environment and has established health and safety training programs for all new employees[195]. Supply Chain Management - The supply chain management strategy focuses on selecting reliable suppliers with quality raw materials to ensure sustainable operations[198]. - In FY2021, the main materials purchased by the company were paper materials, accounting for 67.20% of total procurement, up from 52.66% in FY2020[199]. - All new suppliers must undergo a comprehensive audit to meet procurement standards before being approved[199]. - The company primarily sources its suppliers from local industries in China and Hong Kong[199]. - Selecting local suppliers helps reduce transportation requirements, promotes environmental sustainability, and shortens delivery times[199].

2021 第三季度報告 2021 THIRD QUARTERLY REPORT 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提供一個上市之市場。 有意投資之人士應了解投資於該等公司之潛在風險，並應經過審慎周詳之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買賣之證券可能會較於聯交所主板買賣之證券承受較大之 市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表任何聲明， 並明確表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 本報告乃遵照GEM證券上市規則（「GEM上市規則」）之規定，提供有關萬里印刷有限公司（「本公司」，連同 其附屬公司統稱「本集團」）之資料，本公司董事（各為一名「董事」）願共同及個別對此負全責。董事經作出 一切合理查詢後，確認就彼等所深知及確信，本報告所載資料在一切重要方面均屬準確及完整，並無誤導 或欺詐成份，且本報告並無遺漏任何其他事項致使本報告所載任何 ...