CORNERSTONE TECHNOLOGIES HOLDINGS LIMITED 基石科技控股有限公司 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。 董事變更；董事調任； （於開曼群島註冊成立之有限公司） （股份代號：8391） 及 董事委員會組成變更 董事辭任 基石科技控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會（「董 事會」）謹此宣佈，自二零二四年十一月二十一日起： — 1 — (i) Sam Weng Wa Michael先生（「Sam Weng Wa先生」）因有意投放更多時間於其個人或 其他業務發展而辭任執行董事。 (ii) 高樹基先生（「高先生」）因有意投放更多時間於其個人或其他業務發展而辭任獨立非 執行董事及董事會薪酬委員會（「薪酬委員會」）成員。 (iii) 阮駿暉先生（「阮先生」）因有意投放更多時間於其個人或其他業務發展而辭任獨立非 執行董事、董事會審核委員會（「審核委員會」）主席及董事會提名委員會（ ...

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。 CORNERSTONE TECHNOLOGIES HOLDINGS LIMITED 基石科技控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8391） 終止建議根據特別授權向顧問發行新股份 茲提述基石科技控股有限公司（「本公司」）日期為二零二四年六月二十八日的公佈（「該公 佈」），內容有關向建泉融資有限公司（「顧問」）發行及配發25,000,000股本公司股份（「股 份」）。除文義另有所指外，本公佈所用詞彙與該公佈所界定者具有相同涵義。 終止服務協議 董事會宣佈，於二零二四年十一月二十一日，本公司與顧問訂立終止協議，據此，本公司 與顧問雙方同意自二零二四年十一月二十一日起終止服務協議，而服務協議訂約方根據 或有關服務協議產生的所有權利、利益、義務及責任將告終止，且服務協議的任何一方 均不得就任何因服務協議引起或與之相關的事宜向另一方提出任何申索。 董事認為，終止服務協議及其項下的顧問股份發行 ...

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，概不就因本公佈全部或任何部份內容 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。 CORNERSTONE TECHNOLOGIES HOLDINGS LIMITED 基石科技控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8391） 建議授出股份獎勵 本公司財務顧問 | 姓名 | 職銜╱職位 | 獎勵股份數目 | | --- | --- | --- | | 第一批獎勵股份 | | | | 葉先生 | 行政總裁兼董事 | 45,288,000 | | 劉先生 | 本公司附屬公司之董事 | 27,173,000 | | 何先生 | 首席財務官 | 22,644,000 | | 吳先生 | 營運總監 | 22,644,000 | | | 總計： | 117,749,000（「第一批獎 | | | | 勵股份」） | | 第二批獎勵股份 | | | | 葉先生 | 行政總裁兼董事 | 9,058,000（自發行日期起 | | | | 計36個月的禁售期所 | | | | 限） | ...

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，概不就因本公佈全部或任何部份內容 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。 CORNERSTONE TECHNOLOGIES HOLDINGS LIMITED 基石科技控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8391） 於二零二四年十月二十五日舉行之 股東特別大會之投票表決結果 茲提述基石科技控股有限公司（「本公司」）日期均為二零二四年十月四日之通函（「通函」） 及股東特別大會（「股東特別大會」）通告（「通告」）。除本公佈另有界定者外，本公佈所用 詞彙與通函所界定者具有相同涵義。 股東特別大會之投票表決結果 董事會欣然宣佈，於二零二四年十月二十五日舉行之股東特別大會上，通告所載之提呈 決議案（「提呈決議案」）已獲股東以投票表決方式正式通過。 — 1 — 投票表決結果如下： | | | 普通決議案 | 票數(%) （概約百分比） | | | --- | --- | --- | --- | --- | | | | | 贊成 反對 | | | 1. | 「動議： ...

Electric Vehicle Market Growth - In the first half of 2024, 75% of newly registered vehicles in Hong Kong were electric vehicles, indicating a significant increase in demand for electric vehicle technology and infrastructure[6]. - The company aims to expand its EV charging infrastructure in Asia, leveraging favorable policies to encourage EV adoption and enhance growth potential[13]. Cornerstone Programs and Membership Growth - As of June 30, 2024, the number of parking spaces under the Cornerstone HOME program increased to 15,000, covering 42 residential parking facilities, with subscriber numbers rising from 415 to 835[7]. - The Cornerstone GO program saw membership grow from 11,325 to 37,395, with coverage expanding to 97 parking facilities, highlighting the service's acceptance and success[8]. Electric Vehicle Charging Infrastructure - Cornerstone secured the operation rights for 27 electric vehicle charging stations from the Hong Kong government, equipped with 827 chargers, enhancing user convenience across 1,500 parking spaces[8]. - The company plans to establish 150 charging stations by the end of the year and aims to complete 1,000 stations within 18 to 24 months in Thailand[12]. - The company is focusing on enhancing home charging solutions, targeting an increase in the order base to 1,000 by year-end[12]. Financial Performance and Revenue Growth - Revenue from the EV charging business increased from HKD 25,500,000 as of June 30, 2023, to HKD 52,100,000 as of June 30, 2024, representing a growth of over 104%[15]. - The total revenue for the six months ended June 30, 2024, was approximately HKD 52,080,000, compared to HKD 25,531,000 for the same period in 2023[14]. - The company reported a significant rise in installation service revenue to HKD 25,714,000, compared to HKD 10,177,000 in the same period last year[86]. Cost and Expense Management - Service costs increased approximately 109.9% from about HK$21,300,000 to approximately HK$44,700,000, aligning with revenue growth[19]. - Administrative and other operating expenses increased approximately 39.9% from about HK$31,300,000 to approximately HK$43,800,000, mainly due to rising employee costs and depreciation from electric vehicle charging business expansion[22]. Share Issuance and Financing - The company issued 19,516,000 new shares at a subscription price of HKD 0.82 per share, with net proceeds of approximately HKD 15,700,000 intended for the development of its electric vehicle charging business[38]. - The company agreed to issue convertible bonds with a total principal amount of HKD 34,450,000, potentially issuing up to 65,000,000 new shares at an initial conversion price of HKD 0.53 per share[46]. Shareholder Information - As of June 30, 2024, the major shareholders include Global Fortune with 235,603,225 shares, representing 26.01% of the issued share capital[64]. - The largest shareholder, Mr. Wu, holds 288,111,225 shares, accounting for 31.81% of the issued share capital[61]. Loss and Asset Management - The total loss and comprehensive expenses narrowed by approximately 20.0% from about HK$49,900,000 to approximately HK$39,900,000 for the period[25]. - The company incurred a loss before tax of HKD 39,978,000, slightly improved from a loss of HKD 41,986,000 in the previous year[72]. Inventory and Contract Management - Inventory as of June 30, 2024, totaled HKD 6,649,000, an increase from HKD 6,123,000 as of December 31, 2023[113]. - Contract liabilities increased to HKD 3,559,000 as of June 30, 2024, compared to HKD 1,056,000 as of December 31, 2023[114]. Management and Governance - The company has established an audit committee to oversee financial reporting and compliance, consisting of three independent non-executive directors[70]. - There were no reported conflicts of interest or competitive business engagements by the directors during the reporting period[69].

Electric Vehicle Market and Infrastructure - In the first half of 2024, 75% of newly registered vehicles in Hong Kong were electric vehicles, indicating a significant increase in demand for electric vehicle technology and infrastructure[6]. - The expansion of electric vehicle charging infrastructure aligns with the Hong Kong government's ongoing policies to promote electric vehicle adoption and support infrastructure development[8]. - The growth in electric vehicle registrations and charging infrastructure is part of the broader goal of achieving "zero carbon emissions, fresh air, and smart cities" in Hong Kong[6]. - Cornerstone Technologies secured operational rights for 27 electric vehicle charging stations from the Hong Kong government, equipped with 827 AC chargers, integrating nearly all into the Cornerstone GO network[8]. - Cornerstone Technologies aims to enhance user convenience by covering 1,500 parking spaces across 18 districts in Hong Kong through its charging network[8]. - The company continues to be a leading provider of electric vehicle charging solutions in Hong Kong, adopting a comprehensive business model to support this mission[8]. - The company's strategic expansion into Southeast Asia is driven by the rising demand for electric vehicles and related services[6]. - The company achieved significant milestones in electric vehicle (EV) charging system sales, expanding its customer base across various industries, including major real estate developers and a leading bus company[9]. - The company expanded its EV charging services in Thailand, partnering with Bangchak Corporation to install and operate charging stations at 2,200 gas stations, offering up to 600kW fast charging capabilities[11]. Financial Performance - Revenue from the EV charging business increased from HKD 25,500,000 as of June 30, 2023, to HKD 52,100,000 as of June 30, 2024, representing over 100% growth[11]. - Total revenue increased by approximately 104.3% from HK$25,531,000 in the six months ended June 30, 2023, to approximately HK$52,080,000 in the current period[15]. - The company reported revenue of HKD 52,080,000 for the six months ended June 30, 2024, representing a 104.5% increase from HKD 25,531,000 in the same period of 2023[72]. - Gross profit for the same period was HKD 7,335,000, up from HKD 4,215,000, indicating a significant improvement in profitability[72]. - The company incurred a loss before tax of HKD 39,978,000, slightly improved from a loss of HKD 41,986,000 in the previous year[72]. - Total comprehensive loss for the period was HKD 39,903,000, compared to HKD 49,905,000 in the prior year, showing a reduction in overall losses[73]. - The company reported a loss of HKD 39,903,000 for the six months ended June 30, 2024, compared to a loss of HKD 49,905,000 in the same period of 2023, indicating a 20% improvement[88]. - Installation service revenue significantly increased to HKD 25,714,000 in 2024 from HKD 10,177,000 in 2023, representing a 152% growth[86]. - Electric vehicle charging income of HKD 8,855,000 for the first half of 2024, up from HKD 1,761,000 in the prior year, marking a 400% increase[86]. Operational Metrics - The company is focused on enhancing home charging solutions, targeting an increase in its customer base to 1,000 by year-end[12]. - The company continues to strengthen partnerships with car dealers to ensure compatibility of chargers with all EV brands and seeks opportunities in new developments for EV charging infrastructure[13]. - The company is well-positioned to meet the growing demand for EHSS services as more residential buildings seek to equip parking facilities with EV charging infrastructure[13]. - The company anticipates realizing contract assets within its normal operating cycle, indicating a focus on operational efficiency[115]. Shareholder and Capital Management - The company completed a subscription agreement on May 17, 2024, for 25,008,000 new shares at a subscription price of HKD 0.64 per share, raising approximately HKD 15,800,000 net[40]. - The company plans to use the net proceeds from the May subscription for working capital and general corporate purposes[41]. - On June 28, 2024, the board proposed to issue approximately 117,749,000 incentive shares at a price of HKD 0.55 per share, totaling approximately HKD 64,761,950[42]. - The company has agreed to issue a total of 25,000,000 consultant shares at a price of HKD 0.55 per share as part of a service agreement with a financial advisor, pending shareholder approval[44]. - The company plans to adopt a 2024 share incentive plan, which will allow the issuance of shares to eligible participants as a reward for their contributions, subject to shareholder approval[45]. - The company has entered into an agreement to issue convertible bonds with a total principal amount of HKD 34,450,000, which could result in the issuance of up to 65,000,000 new shares if conversion rights are fully exercised at an initial conversion price of HKD 0.53 per share[46]. - The company has agreed to a placement of up to 65,000,000 new shares at a price of HKD 0.53 per share, with an estimated net proceeds of approximately HKD 32,700,000 intended for capital expenditures related to expanding electric vehicle charging projects in Hong Kong[48]. Asset and Liability Management - As of June 30, 2024, the group's total assets, including properties, plants, equipment, and cash, amounted to approximately HKD 106,100,000, a decrease from approximately HKD 134,000,000 as of December 31, 2023[30]. - The company's total liabilities as of June 30, 2024, were HKD 139,483,000, compared to HKD 114,704,000 as of December 31, 2023, reflecting an increase of approximately 21.6%[75]. - The total equity attributable to owners of the company decreased to HKD 81,549,000 as of June 30, 2024, from HKD 105,444,000 as of December 31, 2023, a decline of approximately 22.7%[75]. - The company's current liabilities increased to HKD 66,335,000 as of June 30, 2024, from HKD 41,103,000 as of December 31, 2023, representing an increase of approximately 61.3%[75]. - The company’s non-current liabilities remained relatively stable at HKD 73,148,000 as of June 30, 2024, compared to HKD 73,601,000 as of December 31, 2023, showing a slight decrease of about 0.6%[75]. Governance and Compliance - The board of directors includes three independent non-executive directors, ensuring compliance with corporate governance standards[70]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the period, confirming adherence to applicable accounting standards[70]. - The group has adopted trading guidelines for directors in compliance with GEM listing rules[37]. - The company has not engaged in any competitive business activities that may conflict with its operations during the reporting period[69]. Miscellaneous - The company has not made any significant acquisitions or disposals of subsidiaries or associates during the period[34]. - The company has no foreign currency hedging policy in place as of June 30, 2024, and will monitor foreign currency risk closely[31]. - The company has not purchased, sold, or redeemed any listed securities during the reporting period[60]. - The company did not recommend an interim dividend for the six months ending June 30, 2024, consistent with the previous year[111].

Revenue Growth - Revenue from installation services increased approximately 339.3% from about HKD 8,900,000 to about HKD 39,100,000, attributed to an increase in project numbers under EHSS[1] - Revenue from electric vehicle charging systems rose approximately 48.8% from about HKD 21,100,000 to about HKD 31,400,000, driven by an increase in customer numbers and orders[2] - Electric vehicle charging revenue significantly increased approximately 300% from about HKD 1,400,000 to about HKD 5,600,000, with public membership generating HKD 2,300,000 and private orders generating HKD 3,300,000[3] - Revenue from maintenance and rental increased approximately 525.0% from about HKD 320,000 to about HKD 2,000,000, due to a higher number of installed electric vehicle chargers[4] - As of December 31, 2023, the company generated revenue of HKD 39,100,000 from EHSS and HKD 31,400,000 from electric vehicle charging systems, representing increases of 339.3% and 48.8% year-over-year, respectively[116] - The company's revenue from electric vehicle charging services increased from HKD 31,800,000 in 2022 to over HKD 78,100,000 in 2023, more than doubling[153] - The company's revenue increased from approximately HKD 31,800,000 in the previous year to about HKD 78,100,000, representing a growth of 145.6%[162] - The increase in revenue was primarily driven by a rise in installation service income of approximately HKD 30,200,000 and sales of electric vehicle charging systems amounting to about HKD 10,300,000[162] Financial Performance - Service costs rose approximately 123.4% from about HKD 28,600,000 to about HKD 63,900,000, consistent with revenue growth[5] - Gross profit increased to about HKD 14,200,000 with a gross margin of approximately 18.2%, up from HKD 3,200,000 and 10.2% respectively[7] - The group recorded a loss from continuing operations of approximately HKD 106.4 million for the year, compared to a loss of approximately HKD 130 million in the previous year[30] - Financing costs increased by approximately 14.3% from HKD 2.1 million to HKD 2.4 million, primarily due to increased interest expenses from green loan financing[28] - The group received a tax credit of approximately HKD 172,000 and HKD 2.3 million for the current year and the previous year, respectively[29] - The company recorded a loss from discontinued operations of approximately HKD 18,000,000, an improvement from a loss of HKD 31,200,000 in the previous year due to improved gross margins and reduced operating expenses[132] - Adjusted LBITDA decreased by approximately 5.2% from about HKD 46,500,000 to approximately HKD 44,100,000[131] Capital and Financing - The debt-to-equity ratio improved to approximately 40.2% from 103.0%, and the current ratio increased to about 2.3 times from 0.6 times[19] - Cash and bank balances increased to about HKD 23,400,000 from about HKD 10,500,000, reflecting prudent financial management[20] - The first subscription agreement resulted in the issuance of 20 million new shares at a subscription price of HKD 0.62 per share, raising approximately HKD 12.2 million net for operational funding[40] - The second subscription agreement led to the issuance of 35.2 million new shares at a subscription price of HKD 1.144 per share, raising approximately HKD 40.1 million net for further development of the electric vehicle charging business[43] - The net proceeds from the third subscription agreement, amounting to approximately HKD 15,700,000, will be used for further development of the electric vehicle charging business[55] - The first subscription raised HKD 12,200,000, with 80% allocated for electric vehicle charging business development[61] - The company has established a green loan with a fixed margin of 2.75% per annum, plus a variable rate based on the Chicago Mercantile Exchange's overnight financing rate[47] - Approximately 80% of the proceeds from the green loan will be allocated to the production and deployment of electric vehicle chargers and related infrastructure[47] Business Strategy and Development - The company aims to reduce losses from its financial printing business and reallocate resources to its electric vehicle charging business[51] - The completion of the sale of the financial printing business occurred on December 31, 2023, and its financial results will no longer be consolidated[54] - The company is focused on developing electric vehicle charging business in Southeast Asia[71] - The management team has over 15 years of experience in operations and management, enhancing strategic decision-making capabilities[68] - The company aims to provide positive environmental impact through its business strategies[77] - The management team is committed to expanding market presence and exploring new business opportunities in the region[71] - The company is focused on developing advanced electric vehicle charging products and comprehensive solutions to establish industry leadership[92] - The company aims to expand its business into Southeast Asia, including Thailand, Cambodia, Indonesia, and Malaysia, capitalizing on the growth potential in these emerging markets[134] Market Expansion and Partnerships - The Cornerstone GO charging network has expanded to over 97 locations in Hong Kong, with more than 20,000 registered members as of the end of 2023, a 207.7% increase from approximately 6,500 members at the end of 2022[115] - The company introduced Cornerstone BUSINESS, focusing on electric commercial vehicles (E-CVs), providing a comprehensive ecosystem for drivers to obtain orders, rent E-CVs, and access charging facilities[117] - A strategic partnership with Bangchak Corporation in Thailand aims to install and operate electric vehicle charging stations at approximately 2,200 gas stations, with a goal to complete the first 250 stations by mid-2025[118] - The company has collaborated with major clients such as Sinopec, New World Development, and MTR for customized electric vehicle charging solutions[116] - Cornerstone Technology signed exclusive EV charging projects in 37 residential parking lots, totaling over 13,000 exclusive parking spaces, with a user base of 659 by the end of 2023[148] - Cornerstone Technology obtained operational rights for 27 EV charging stations from the Hong Kong government, equipped with a total of 827 AC chargers, to be integrated into the Cornerstone GO network in Q1 2024[148] - The company signed a memorandum of understanding to establish a joint venture to deploy electric vehicle charging stations at up to 2,200 gas stations across Thailand, marking a significant milestone in overseas expansion[122] Management and Governance - The board includes members with extensive experience in finance, investment, and corporate governance, ensuring robust oversight[74] - The management team has extensive experience in various sectors, including real estate, finance, retail, and energy, enhancing strategic decision-making capabilities[91] - The company emphasizes the importance of compliance with financial regulations and maintaining investor relations under Mr. Ho's leadership[91] - The company has established a strong leadership structure with a focus on strategic development and operational efficiency[74] - The CEO has a background in international management consulting and has previously led a major retail company with over 1,000 sales points across 13 countries[71] - The company appointed Mr. Wu as the Chief Operating Officer, effective January 7, 2022, bringing over 10 years of management experience[90] - Mr. Ho has been the Chief Financial Officer since October 3, 2022, overseeing all financial matters including planning, budgeting, and reporting[91] - Mr. Chung, with over 13 years in the electric vehicle charging industry, is responsible for international market development and ongoing technology advancements[92] Regulatory and Compliance - The company is committed to ensuring the accuracy and completeness of its financial reporting as per GEM listing rules[99] - The company has not entered into any management or administrative contracts involving the majority of its business as of December 31, 2023[177] - There are no significant transactions or agreements with directors or related entities that could impact the company as of December 31, 2023[173] - The board of directors does not recommend the payment of a final dividend for the year ending December 31, 2023[175] Shareholder Information - Major shareholders include Global Fortune with 26.58% ownership, Tanner Enterprises with 10.09%, and Gateway Capital (Hong Kong) Limited with 8.99%[185] - Global Fortune is owned 51% by Mr. Wu and 49% by Mr. Liang, indicating significant ownership concentration[190] - Cornerstone Wealth is wholly owned by Mr. Liu, who is considered to have 100% interest in the entity[191] - A total of 100,000,000 shares will be issued upon full exercise of the warrants granted by the company, held by Abax Asian Structured Private Credit Fund 2022, LP[194] - An additional 21,000,000 shares will be issued upon full exercise of the warrants granted by the company[195] - Participants accepting the share options must pay HKD 1.00 per option as a non-refundable consideration[198] - The company has not disclosed any other individuals or entities with interests in its shares that require disclosure under the Securities and Futures Ordinance[195] Future Outlook - The company anticipates an acceleration in the approval process for EHSS projects in 2024, which is expected to significantly boost revenue[116] - The electric vehicle market in Hong Kong is expected to continue growing in 2024, driven by government incentives and increasing consumer awareness of environmental issues[121] - The electric vehicle penetration rate in Hong Kong is among the highest globally, with increasing demand for electric commercial vehicles as companies seek to reduce carbon footprints[133] - The government continues to support the electric vehicle industry through various policies and incentives, such as expanding charging infrastructure and phasing out fossil fuel vehicles[121] - The company is committed to creating value for shareholders, customers, employees, and society while positively impacting the future of the environment and transportation[134]

Revenue and Growth - Revenue from electric vehicle charging business reached HKD 78,132,000 in 2023, up from HKD 31,827,000 in 2022, representing a growth of 145%[1] - The revenue from external customers in the electric vehicle segment was HKD 78,132,000, while the printing business generated HKD 45,729,000, totaling HKD 123,861,000[3] - The company recorded a revenue of approximately HKD 78,100,000 for the year ending December 31, 2023, representing a significant increase of approximately 145.6% from HKD 31,800,000 in the previous year[92] - Revenue from installation services surged by approximately 339.3% to about HKD 39,100,000, attributed to an increase in project numbers under the EHSS program[93] - Sales of electric vehicle charging systems increased by approximately 48.8% to about HKD 31,400,000, driven by a rise in customer numbers and orders from both new and existing clients[94] - Electric vehicle charging revenue rose significantly by approximately 300.0% to about HKD 5,600,000, due to an increase in the number of public members and private subscription plan users[95] - Total revenue for the electric vehicle charging business reached HKD 78,100,000, an increase of HKD 46,300,000 or 145.6% compared to HKD 31,800,000 in 2022[124] - The electric vehicle charging business revenue increased from HKD 31,800,000 in 2022 to HKD 78,100,000 in 2023, more than doubling year-over-year[129] Financial Performance - The company reported a total loss of HKD 124,420,000 for the year, compared to a loss of HKD 161,187,000 in the previous year, indicating a reduction in losses[3] - The company reported a loss from continuing operations of HKD 106,402,000 for the year ended December 31, 2023, compared to a loss of HKD 129,972,000 in 2022, representing a decrease of approximately 18.2%[26] - The basic loss per share attributable to the owners of the company from continuing operations was HKD 0.128, down from HKD 0.191 in the previous year, indicating an improvement in loss per share[20] - The company reported a net loss of HKD 124,186,000 for the year, an improvement from a net loss of HKD 160,311,000 in the previous year, representing a decrease of approximately 22.5%[20] - The company recorded a loss from discontinued operations of approximately HKD 18 million, an improvement from a loss of approximately HKD 31.2 million in the previous year due to improved gross margins and reduced operating expenses[50] - The adjusted LBITDA decreased by approximately 5.2% from about HKD 46.5 million to approximately HKD 44.1 million[49] - The company reported a comprehensive adjusted loss before interest, tax, depreciation, and amortization (LBITDA) of HKD 44,100,000 in 2023, a decrease of 5.2% from HKD 46,500,000 in 2022[129] Assets and Liabilities - The total assets of the company amounted to HKD 220,140,000, with liabilities totaling HKD 114,704,000[3] - The total current assets increased to HKD 94,778,000 from HKD 45,772,000, showing a significant growth of approximately 106.7%[149] - The company’s non-current assets rose to HKD 125,362,000 from HKD 124,307,000, indicating a slight increase of about 0.8%[150] - The company’s total liabilities decreased from HKD 80,857,000 to HKD 41,103,000, a reduction of approximately 49.1%[149] - As of December 31, 2023, the company's debt-to-equity ratio was approximately 40.2%, a significant improvement from 103.0% the previous year[52] - The current ratio improved to approximately 2.3 times as of December 31, 2023, compared to 0.6 times the previous year[52] - The net asset value of the company increased to HKD 105,436,000 from HKD 50,891,000, reflecting a growth of approximately 107.5%[154] Employee and Operational Costs - The total employee costs amounted to HKD 67,883,000 for the year, compared to HKD 43,781,000 in the previous year, reflecting an increase of approximately 54.9%[18] - Administrative and operational expenses increased by approximately 23.3% from HKD 55,900,000 to HKD 68,900,000, primarily due to increased employee costs associated with the expansion of the electric vehicle charging business[82] Financing and Investments - The company incurred financing costs of HKD 2,441,000 in 2023, slightly up from HKD 2,097,000 in 2022[10] - The company’s bank borrowings increased to HKD 57,720,000 in 2023 from HKD 25,441,000 in 2022, indicating a significant rise in leverage[30] - A green financing agreement was established on August 31, 2023, allowing for a secured green loan of up to USD 20,000,000[70] - Approximately 80% of the green loan proceeds will be allocated for the production and deployment of electric vehicle chargers and related infrastructure[71] - The company agreed to issue 100,000,000 warrants at a subscription price of HKD 0.80 per share, with a five-year exercise period[73] Dividends and Share Issuance - The company did not declare or recommend any dividends for the year ended December 31, 2023, consistent with the previous year[19] - The company issued a total of 20 million shares at a subscription price of HKD 0.62 per share on March 6, 2023[41] - A total of 35.2 million shares were issued at a subscription price of HKD 1.144 per share on May 30, 2023[41] - The company has conditionally agreed to issue 19,516,000 new ordinary shares at a subscription price of HKD 0.82 per share, raising approximately HKD 15,700,000 for the development of its electric vehicle charging business[78] Strategic Changes and Business Focus - The company completed the sale of two subsidiaries in the printing business for HKD 1, indicating a strategic exit from that segment[13] - The company completed the sale of 100% equity in two subsidiaries engaged in printing, typesetting, and translation services for a cash consideration of HKD 1, resulting in a gain of approximately HKD 28,600,000[124] - The company has ceased operations in the printing business after the sale of its discontinued operations, focusing on the electric vehicle charging business in Hong Kong[159] - The company plans to expand its Cornerstone HOME model and invest more in private residential parking infrastructure to provide customized monthly subscription services for electric vehicle owners[127] - The company aims to leverage opportunities in the electric vehicle charging industry and expand its geographical reach, particularly in emerging markets like Thailand, Cambodia, Malaysia, and Indonesia[138] Government Support and Programs - The Hong Kong government launched the EHSS program with a total budget of HKD 3,500,000,000 to support the installation of electric vehicle charging infrastructure in existing private residential buildings[126] - The company has been granted operational rights by the Hong Kong government to provide charging services at 27 electric vehicle charging stations, equipped with a total of 827 AC chargers, to be integrated into the Cornerstone GO network in Q1 2024[127] Miscellaneous - The company had no significant contingent liabilities or capital commitments as of December 31, 2023[54][55] - The company did not engage in any major investments or acquisitions during the year[59][60] - The company recorded a tax credit of approximately HKD 172,000 and HKD 2,300,000 for the current year and the year ended December 31, 2022, respectively[101] - The company has applied new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on its financial position or performance for the year[160]

Revenue Growth - The group's revenue increased from approximately HKD 20,600,000 to about HKD 51,900,000, representing a growth of 151.9%[2] - Revenue from electric vehicle charging systems increased by approximately HKD 10,300,000, while installation service income rose by about HKD 17,800,000[2] - For the nine months ended September 30, 2023, the revenue from continuing operations was HKD 51,949,000, a significant increase from HKD 20,565,000 in the same period of 2022, representing a growth of approximately 152%[78] - Revenue from electric vehicle charging income increased significantly by approximately 483.3% from about HKD 600,000 for the nine months ended September 30, 2022, to about HKD 3,500,000 in the current period[149] - Revenue from maintenance fees rose by approximately 121.1% from about HKD 280,000 for the nine months ended September 30, 2022, to about HKD 619,000 in the current period[150] - Revenue from electric vehicle charging systems for local customers reached HKD 10,243,000 in Q3 2023, a 156% increase from HKD 3,989,000 in Q3 2022[119] - Total revenue from installation services reached HKD 13,584,000 in Q3 2023, compared to HKD 5,915,000 in Q3 2022, marking an increase of 130%[119] Financial Performance - The gross profit for the same period was HKD 8,091,000, compared to HKD 2,861,000 in 2022, indicating a year-over-year increase of about 183%[78] - The loss from continuing operations before tax for the nine months was HKD 64,160,000, which is an increase from HKD 44,457,000 in the previous year, reflecting a deterioration of approximately 44%[78] - The total comprehensive loss for the period was HKD 75,454,000, compared to HKD 64,354,000 in the same period last year, marking an increase of about 17%[78] - The company reported a basic and diluted loss per share of HKD 9.39 for the nine months ended September 30, 2023, compared to HKD 7.93 in the same period of 2022, indicating a decline of approximately 18%[79] - The company reported a loss before tax of HKD 3,417,000 for the three months ended September 30, 2023, compared to a loss of HKD 7,621,000 in the same period of 2022, indicating an improvement of 55.2%[102] - The total comprehensive loss for the nine months ended September 30, 2023, was HKD 75,754,000, compared to HKD 64,070,000 for the same period in 2022, reflecting a 18.5% increase in losses[106] Expenses and Costs - Service costs rose from approximately HKD 17,700,000 to about HKD 43,900,000, an increase of 148.0%[5] - Administrative and other operating expenses increased by 4.7% to approximately HKD 49,300,000, primarily due to increased employee costs from the expansion of the electric vehicle charging business[7] - Share-based payment expenses surged from approximately HKD 700,000 to about HKD 22,300,000, mainly due to stock options granted on June 17, 2022, and November 17, 2022[8] - The service cost for the nine months was HKD 43,858,000, up from HKD 17,704,000 in 2022, which is an increase of about 147%[78] - The administrative and other operating expenses for the nine months were HKD 307,000, a decrease from HKD 47,107,000 in the previous year, showing a reduction of approximately 99%[78] - The company incurred research and development expenses of HKD 374,000 for the nine months, compared to HKD 659,000 in the same period last year, reflecting a decrease of about 43%[78] - The financing costs for the nine months were HKD 549,000, compared to HKD 449,000 in 2022, indicating an increase of approximately 22%[78] Corporate Actions and Governance - The company has complied with all applicable corporate governance code provisions during the period[29] - The company issued 100,000,000 warrants at an exercise price of HKD 0.80 per share[24] - The audit committee reviewed the group's unaudited condensed consolidated financial statements for the period and confirmed that they were prepared in accordance with applicable accounting standards[38] - The company has adopted the trading standards as per GEM Listing Rules from January 1, 2023, and all directors confirmed compliance with these standards[44] - The company has established entities in the Cayman Islands and British Virgin Islands that are exempt from income tax in their respective jurisdictions[98] Strategic Initiatives - The company has established its electric vehicle charging business and is reallocating resources from underperforming financial printing operations to this sector[143] - The government of Hong Kong has launched a funding program totaling HKD 3,500,000,000 to support the installation of electric vehicle charging infrastructure in residential buildings[164] - The company aims to actively participate in the EHSS projects and has become a major player in the EHSS market[166] - The company launched Cornerstone BUSINESS in May 2023 to tap into the electric commercial vehicle market, providing a comprehensive ecosystem for drivers[167] - The company is focusing on expanding electric vehicle charging systems in residential parking lots while also leveraging trends in non-residential parking spaces[171] Equity and Financing - The net proceeds from the second subscription amounted to approximately HKD 40,100,000, which will be used for further development of the electric vehicle charging business[21] - A green financing agreement was established for a total amount of up to USD 20,000,000, aimed at supporting the electric vehicle charging business[22] - The total amount raised from the first subscription was approximately HKD 12,400,000, with a net amount of about HKD 12,200,000, used for further development of the electric vehicle charging business[188] - The company agreed to issue and allot a total of 35,200,000 new ordinary shares at a subscription price of HKD 1.144 per share, with the shares approved by independent shareholders[190] - The company’s financing strategy includes a green financing agreement aimed at supporting the expansion of electric taxi and electric truck businesses[193] Business Disposals - The company announced the sale of its 100% equity interest in Elegant Printing Holdings Limited for HKD 1.00, which will lead to the termination of its entire printing business[101] - The company has sold 100% equity of two subsidiaries primarily engaged in printing, typesetting, and translation services, ceasing its remaining printing business[169] - The company conditionally agreed to sell 100% equity of Elegant Printing Holdings Limited for HKD 1.00, with the target group primarily engaged in printing, typesetting, and translation services[195]

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，並明確表示概不就因本公佈全部或任何部份內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 CORNERSTONE TECHNOLOGIES HOLDINGS LIMITED 基 石 科 技 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8391） 截至二零二三年九月三十日止九個月之 第三季度業績公佈 基石科技控股有限公司（「本公司」，連同其附屬公司，「本集團」）之董事（「董事」）會（「董 事會」）欣然宣佈本集團截至二零二三年九月三十日止九個月之第三季度業績。本公佈載 列本公司第三季度報告之全文，乃符合香港聯合交易所有限公司（「聯交所」）GEM證券上 市規則（「GEM上市規則」）中有關第三季度業績初步公佈所附載資料之相關要求。 代表董事會 基石科技控股有限公司 聯席主席兼執行董事 梁子豪 ...