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份內容 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。 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） 有關截至二零二二年十二月三十一日止年度 之年報之澄清及補充公佈 茲提述基石科技控股有限公司（「本公司」）於二零二三年三月三十一日刊發之截至二零 二二年十二月三十一日止年度之年報（「二零二二年年報」）。除另有界定者外，本公佈所 用詞彙與二零二二年年報所界定者具有相同涵義。 本公司董事（「董事」）會（「董事會」）謹此澄清，二零二二年年報第68頁所披露之「購股權計 劃」附註4，於二零二二年十二月三十一日根據購股權計劃可供授出之購股權數目應為 「579,054份」而非「7,143,054份」。 除二零二二年年報所披露之資料外，董事會謹此向本公司股東及潛在投資者提供以下有 關購股權計劃之補充資料，其載於二零二二年年報「董事會報告書」一 ...

Electric Vehicle Charging Infrastructure - As of June 30, 2023, the group has successfully installed electric vehicle chargers in over 121 parking lots across 18 districts in Hong Kong, capturing a significant market share [20]. - The public charging network in Hong Kong comprises 6,142 electric vehicle chargers, including 3,596 medium-speed chargers, 1,022 fast chargers, and 1,524 standard chargers [18]. - The group has made substantial investments in the electric vehicle charging sector to address the growing demand for charging infrastructure [18]. - The government has launched a budget of HKD 3.5 billion for the EV Housing Charging Scheme to encourage the installation of electric vehicle charging infrastructure [15]. - The government plans to increase the proportion of parking spaces equipped with electric vehicle chargers in new government properties from 30% to 100% by 2025, aiming to provide an additional 7,000 charging spaces [15]. - The ratio of public electric vehicle chargers to the total number of electric vehicles is approximately 1:10, up from 1:6 in March 2022, highlighting the need for further infrastructure development [18]. - The group is collaborating with Link REIT to roll out Cornerstone GO electric vehicle charging stations across 33 parking lots in phases [20]. - The company aims to expand its electric vehicle charging network and enhance user experience through the Cornerstone GO platform, targeting all electric vehicle drivers in Hong Kong [28]. - The company plans to continue the pilot operation of Cornerstone BUSINESS, focusing on electric taxis and electric trucks for rental [28]. - The company has established strong alliances with well-known automotive brands to provide electric vehicle charging options, aiming to become Hong Kong's largest electric vehicle-driven ecosystem [25]. Electric Vehicle Adoption Trends - The proportion of newly registered electric private cars surged from 6.3% in 2019 to 61% by June 2023, indicating a rapid shift in consumer preference towards electric vehicles [18]. - As of June 30, 2023, Cornerstone HOME has a total of 416 users, representing a significant growth of 384% compared to 86 users as of June 30, 2022 [22]. - Cornerstone GO has reached a total of 10,945 members as of June 30, 2023, marking a substantial increase of 567% from 1,642 members as of June 30, 2022 [22]. Financial Performance - The total revenue for the six months ended June 30, 2023, was approximately HKD 49,273,000, up 31.5% from approximately HKD 37,494,000 for the same period in 2022 [35]. - The electric vehicle charging business revenue increased over 100% from approximately HKD 10,300,000 for the six months ended June 30, 2022, to approximately HKD 25,500,000 for the same period in 2023 [25]. - Revenue from the sale of electric vehicle charging systems increased by approximately 35.7% from about HKD 9,800,000 for the six months ended June 30, 2022, to about HKD 13,300,000 for the same period in 2023 [37]. - Revenue from external customers for the electric vehicle charging business reached HKD 25,531 thousand, while the printing business generated HKD 23,742 thousand, totaling HKD 49,273 thousand for the six months ended June 30, 2023 [154]. - The group reported a total loss and comprehensive expenses of approximately HKD 49,900,000 for the period, compared to HKD 47,100,000 in 2022 [65]. - The company reported a loss attributable to owners of the company of HKD (20,120) for the six months ended June 30, 2023, compared to a loss of HKD (26,241) in the same period last year, showing an improvement of 23.4% [141]. Cost and Expense Management - Overall gross profit margin improved from approximately 7.0% to 16.5%, with total gross profit rising to HKD 8,148,000 [48]. - Selling expenses increased by approximately 88.9% from HKD 900,000 to HKD 1,700,000, mainly due to commissions paid to sales personnel [51]. - Administrative and other operating expenses decreased by approximately 16.2% from HKD 48,200,000 to HKD 40,400,000, influenced by various cost-saving measures [52]. - Research and development expenses for the current period were approximately HKD 374,000, compared to HKD 623,000 in the previous period [55]. - Financing costs increased by approximately 23.1% from HKD 1,300,000 to HKD 1,600,000, mainly due to increased interest on bank loans [62]. Shareholder Information - Major shareholders include Global Fortune with 235,603,225 shares, representing 28.58% of the issued share capital, and Tanner Enterprises with 98,392,000 shares, representing 11.94% [102]. - The total number of shares held by the directors and senior management includes 268,595,225 shares by Mr. Ng, representing 32.59% of the issued share capital [94]. - The company’s directors and senior management hold significant interests in the company’s shares, with Mr. Li holding 113,104,613 shares, representing 13.72% [94]. - The shareholding structure indicates a concentration of ownership among a few major shareholders, which may impact governance and decision-making [102]. Asset and Liability Management - The group's current assets increased to HKD 74,284,000 from HKD 45,772,000, reflecting a growth of approximately 62.2% [123]. - The net asset value increased to HKD 84,603 from HKD 50,891, reflecting a significant rise of 66.4% year-over-year [125]. - The company's total liabilities included interest-bearing bank and other borrowings of HKD 25,569, slightly up from HKD 25,441, indicating a marginal increase of 0.5% [125]. - The company reported a total loss of HKD 26,150,000 for the period [1]. - Total liabilities amounted to HKD 109,642,000, with allocated liabilities of HKD 82,172,000 [1]. Compliance and Governance - The company has established an audit committee to oversee financial reporting and risk management, ensuring compliance with relevant laws and regulations [108]. - The company has complied with the trading standards as per GEM Listing Rules from January 1, 2023, to the report date [86]. - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period [93].

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） 截至二零二三年六月三十日止六個月之 中期業績公佈 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六月三十日止六個月之中期業績。本公佈載列本 公司中期報告之全文，乃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 ...

Financial Performance - For the three months ended March 31, 2023, the company reported total revenue of HKD 4,868,000, a decrease of 40.0% compared to HKD 8,140,000 for the same period in 2022[21]. - The company incurred a total comprehensive loss of HKD 29,996,000 for the three months ended March 31, 2023, compared to a loss of HKD 20,648,000 for the same period in 2022, representing an increase in loss of 45.0%[12]. - The company reported a loss per share of HKD 0.06 for the three months ended March 31, 2023, compared to a loss per share of HKD 0.04 for the same period in 2022[26]. - The company’s accumulated losses increased to HKD 252,093,000 as of January 1, 2023, from HKD 112,430,000 as of March 31, 2022[12]. - The company reported a total comprehensive loss of HKD 30,545,000 for the three months ended March 31, 2023, compared to a loss of HKD 20,917,000 for the same period in 2022, representing an increase of 46.0%[36]. - The loss attributable to owners of the company was HKD 29,996,000, up from HKD 20,648,000 in the previous year, indicating a year-over-year increase of 45.0%[37]. - The basic and diluted loss per share for the period was HKD 3.93, compared to HKD 3.40 in the same period last year, reflecting a 15.6% increase[37]. - The group recorded a total loss and comprehensive expenses of approximately HKD 30,500,000 for the period, compared to HKD 20,900,000 in the previous year[141]. - The company reported a pre-tax loss of HKD 30,582,000, which is a significant increase from a pre-tax loss of HKD 21,135,000 in the same quarter last year[193]. Revenue Breakdown - The revenue from commercial printing services was HKD 2,544,000, down 52.6% from HKD 5,355,000 in the previous year[21]. - The revenue from financial printing services was HKD 2,167,000, a decrease of 10.4% compared to HKD 2,419,000 in the same period last year[21]. - The company generated installation service revenue of HKD 2,889,000 for the three months ended March 31, 2023, with no revenue reported in the same period last year[20]. - The company reported a total revenue from other income of HKD 679,000 for the three months ended March 31, 2023, compared to HKD 134,000 in the same period of 2022, representing a growth of 406.0%[48]. - The revenue for the electric vehicle charging business increased by approximately 112% to HKD 7,600,000 for the first quarter of 2023, driven by growth in various revenue segments, particularly from subscription fees and EHSS projects[86]. - The company recorded revenue of approximately HKD 2,900,000 from installation services for electric vehicle charging infrastructure projects during the period, which was not present in the previous year[124]. - Revenue from electric vehicle charging systems increased by approximately 11.8%, from HKD 3,400,000 in Q1 2022 to HKD 3,800,000 in Q1 2023, driven by an increase in customer numbers and sales orders[97]. - Revenue from subscription fees rose significantly from approximately HKD 140,000 in Q1 2022 to HKD 773,000 in Q1 2023, attributed to an increase in user numbers under public and private subscription plans[98]. - Total revenue for the first quarter of 2023 was approximately HKD 12,457,000, an increase from HKD 11,716,000 in the same period of 2022, representing a growth of about 6.3%[94]. Expenses and Costs - Total employee costs, including director remuneration, increased to HKD 25,449,000 in Q1 2023 from HKD 16,432,000 in Q1 2022, marking a year-over-year increase of 55.0%[49]. - The company incurred interest expenses of HKD 731,000 for the three months ended March 31, 2023, compared to HKD 659,000 in the same period of 2022, reflecting an increase of 10.9%[49]. - Administrative and other operating expenses increased by approximately 14.1% to about HKD 20,200,000 for the three months ended March 31, 2022, consistent with revenue growth[134]. - Sales expenses rose by approximately 120.7%, from HKD 410,000 in Q1 2022 to HKD 905,000 in Q1 2023, primarily due to increased commissions paid to sales staff[133]. - Financing costs rose by approximately 10.9% to about HKD 731,000, primarily due to increased bank loan interest from higher loan amounts[138]. - The cost of services related to the electric vehicle charging business rose by approximately 93.8% to HKD 6,200,000, aligning with the revenue increase[71]. - The gross loss margin for the printing business was approximately 63.0% in Q1 2023, compared to 26.8% in Q1 2022, indicating a significant decline in profitability[101]. - The gross profit from the electric vehicle charging business was approximately HKD 1,400,000 in Q1 2023, with a gross profit margin of about 18.4%, up from 11.5% in Q1 2022[104]. Electric Vehicle Market and Initiatives - The company achieved a significant increase in subscribers for its Cornerstone HOME service, reaching 325 subscribers as of March 31, 2023, a 778% increase from 37 subscribers a year earlier[61]. - The number of newly registered electric vehicles in Hong Kong for the first three months of 2023 was 6,385, nearly double the 3,234 registered in the same period of 2022, representing a growth rate of approximately 97.0%[57]. - The company successfully launched its first charging station in Bangkok, Thailand, and expanded its operations into Australia and Singapore, tapping into rapidly growing electric vehicle markets[62]. - The number of licensed electric private cars in Hong Kong reached 51,998 by the end of March 2023, representing 8.96% of all licensed private cars, up from 5.14% a year earlier, indicating a growth of 1.8 times in quantity and 1.7 times in proportion[80]. - The electric vehicle charging industry is rapidly growing in Hong Kong and other Asian countries, reflecting increasing consumer adoption of electric vehicles[198]. - The company is committed to aligning with global trends in electric vehicle technology and expanding its offerings in this sector[198]. - The company aims to enhance user experience on its platform and contribute to global climate change efforts as the electric vehicle market continues to expand[64]. Shareholder and Governance Information - Major shareholders include Mr. Wu with 32.93% and Mr. Leung with 31.60% of the issued share capital[150]. - Major shareholders include Global Fortune holding 235,603,225 shares (29.86%), Tanner Enterprises with 98,392,000 shares (12.47%), and Gateway Capital (Hong Kong) Limited with 97,716,000 shares (12.38%)[181]. - The company has complied with all applicable provisions of the corporate governance code as per GEM Listing Rules during the reporting period[170]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the period, confirming compliance with applicable accounting standards[159]. - The audit committee, consisting of three independent non-executive directors, assists the board in financial reporting and internal control effectiveness[183]. - The company has confirmed compliance with trading standards as per GEM Listing Rules from January 1, 2023, to the report date[171]. Fundraising Activities - The company completed the first subscription on March 6, 2023, issuing 20,000,000 shares at a subscription price of HKD 0.62 per share, raising a total of approximately HKD 12,200,000[164][169]. - 80% of the raised funds are allocated for the development of electric vehicle charging business, while 10% is intended for upgrading and purchasing new equipment and hardware[169]. - The net proceeds from the second subscription agreement are approximately HKD 40,100,000, also intended for the electric vehicle charging business[145]. - As of January 1, 2023, there were no unutilized net proceeds carried forward from previous fundraising activities[168]. - The second subscription involves related parties and must comply with GEM Listing Rules regarding disclosure and independent shareholder approval[166].

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） 截至二零二三年三月三十一日止三個月之 第一季度業績公佈 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三月三十一日止三個月之第一季度業績。本公佈 載列本公司第一季度報告之全文，乃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」）中有關第一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 ...

Electric Vehicle Charging Infrastructure - The company increased its electric vehicle charging infrastructure in Hong Kong by tenfold over the past year, significantly boosting its market share[10]. - The Hong Kong government continues to support the electric vehicle charging industry with subsidies and incentives for infrastructure development[10]. - The company has established significant contracts and partnerships with leading stakeholders in the commercial and residential sectors[10]. - The electric vehicle market in Hong Kong is experiencing rapid growth, with increasing consumer adoption and a diverse range of vehicle models available[12]. - The company is committed to building a comprehensive charging network in Hong Kong, providing solutions for various property types including residential, commercial, and public facilities[31]. - The company launched the Cornerstone GO platform in October 2022, which integrates charging operators, electric vehicle drivers, and marketers, currently hosting over 70 charging stations with plans to add 33 more[28]. - The company is expanding its Southeast Asia operations into Thailand, Malaysia, and Indonesia, and has also entered the Australian market to develop charging solutions for residential projects[29]. - The company aims to expand the number of charging stations and enhance the functionality of its Cornerstone GO app to improve user experience[35]. - The company plans to continue collaborating with strategic partners to build a comprehensive charging network and accelerate the transition to an electrified vehicle industry[37]. Financial Performance - Revenue growth reached 370% despite challenges posed by the COVID-19 pandemic, indicating strong financial performance[10]. - In 2022, the company's revenue increased approximately 3.7 times to HKD 31,800,000 from HKD 6,800,000 in 2021, driven by significant growth in electric vehicle charging solutions and EHSS project revenues[31]. - The company's revenue increased by approximately 45.6% from about HKD 55 million in the previous year to approximately HKD 80 million in the current year[41]. - Revenue from electric vehicle charging systems surged by approximately 224.6%, rising from about HKD 6.5 million to approximately HKD 21.1 million[46]. - The revenue from financial printing services increased by approximately 20.3%, from about HKD 15.8 million to approximately HKD 19 million[44]. - The revenue from ordering fees increased by approximately 306.2%, from about HKD 353,000 to approximately HKD 1.4 million, due to increased coverage of charging stations[47]. - The company recorded installation service revenue of approximately HKD 8.9 million for the first time, related to the EHSS electric vehicle charging infrastructure project[48]. - The company recorded a total loss and comprehensive expenses of approximately HKD 161,200,000 for the year, compared to about HKD 62,000,000 in the previous year[62]. - Adjusted LBITDA for 2022 was HKD (51,082,000), compared to HKD (33,988,000) in 2021, indicating a worsening of approximately 50.3%[66]. Investment and Financing - The company has attracted new investment interest, which will aid in expanding its business both within and outside the Hong Kong market[10]. - The company has established a green financing agreement of HKD 150,000,000 with KGI Capital to support financing payments related to EHSS projects[23]. - The total amount raised from the share placement was approximately HKD 24,500,000, with a net amount of approximately HKD 23,300,000[79]. - The funds raised are intended for investment in electric vehicle charging business R&D, future investments in the electric vehicle charging segment, and general corporate purposes[79]. - The company issued a total of 45,316,000 subscription shares at a price of HKD 0.62 per share, raising approximately HKD 28,100,000 for operational expenses in the electric vehicle charging business[82]. - The company has not drawn any financing under the green loan agreement as of the report date[87]. Governance and Management - The company has established a strong leadership team with diverse backgrounds in finance, management consulting, and education[116][117]. - The management emphasizes the importance of compliance and regulatory oversight in its operations[113]. - The company has a robust sales strategy in place, with a focus on creating business value through partnerships[124]. - The board of directors includes 6 executive directors and 4 independent non-executive directors, ensuring a diverse governance structure[136]. - The company has confirmed compliance with the trading standards for directors since January 1, 2022, ensuring ethical trading practices[135]. - The company has established a risk management system that includes risk identification, assessment, and mitigation measures, ensuring effective internal controls[169]. - The board confirmed the effectiveness of the internal control and risk management systems as of December 31, 2022, based on reviews conducted by the audit committee and independent consultants[169]. Sustainability and Future Outlook - The company emphasizes the importance of sustainable development and aims to play a key role in promoting zero-carbon emissions and low-carbon societal transformation[13]. - The company aims to achieve carbon neutrality by 2050, aligning with the Hong Kong government's roadmap for electric vehicle adoption and zero emissions[31]. - The company maintains an optimistic outlook for the future of the electric vehicle charging industry, anticipating continued growth and development[13]. - The group emphasizes its commitment to environmental protection and compliance with relevant laws and regulations, encouraging employees to enhance their environmental awareness[191][192]. Employee Relations and Diversity - The group provides competitive compensation and regular performance reviews for employees, including opportunities for internal promotion and performance bonuses[196]. - The company emphasizes gender diversity, with a current employee gender ratio of 1 male to 0.71 female as of December 31, 2022[152]. - The board consists of 12 members, including two women, and aims to gradually increase the proportion of female members[152]. - The company is committed to enhancing gender diversity in senior management and will allocate more resources for the career development and training of female employees[152].

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） 截至二零二二年十二月三十一日止年度之 年度業績公佈 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二零二二年十二月三十一日止年度之綜合業績。本公佈載列 本公司二零二二年年報之全文，乃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」）中有關年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 ...

Financial Performance - For the nine months ended September 30, 2022, the company reported total revenue of HKD 60,977,000, a 33.1% increase from HKD 45,807,000 in the same period of 2021[7] - The gross profit for the nine months ended September 30, 2022, was HKD 4,515,000, down 42.5% from HKD 7,851,000 in the previous year[7] - The company incurred a loss before tax of HKD 64,883,000 for the nine months ended September 30, 2022, compared to a loss of HKD 41,474,000 in the same period of 2021, representing a 56.4% increase in losses[7] - The total comprehensive loss for the nine months ended September 30, 2022, was HKD 64,354,000, compared to HKD 40,947,000 in the same period of 2021, indicating a 57.0% increase in total losses[9] - The company reported a basic and diluted loss per share of HKD 9.71 for the nine months ended September 30, 2022, compared to HKD 6.97 in the same period of 2021[9] - The company recognized other income of HKD 3,394,000 for the nine months ended September 30, 2022, an increase from HKD 2,405,000 in the same period of 2021[7] - Employee costs for the nine months ended September 30, 2022, totaled HKD 57,955,000, an increase of 47.9% from HKD 39,146,000 in the same period of 2021[30] - The group reported a pre-tax loss for the nine months ended September 30, 2022, with total costs including employee costs and depreciation amounting to HKD 22,700,000[30] - The group’s total other income for the nine months ended September 30, 2022, was HKD 3,394,000, compared to HKD 2,405,000 in the same period of 2021[24] - The company incurred a loss of approximately HKD 635,000 from the sale of its subsidiary, Tian Gao Translation Company, for a nominal consideration of HKD 1[44] - The total loss and comprehensive expenses for the period amounted to approximately HKD 64,400,000, compared to HKD 40,900,000 in the previous year[89] Expenses and Costs - Research and development expenses for the nine months ended September 30, 2022, were HKD 659,000, significantly higher than HKD 302,000 in the previous year, reflecting a 118.5% increase[7] - The company’s administrative and other operating expenses rose to HKD 68,008,000 for the nine months ended September 30, 2022, compared to HKD 48,945,000 in the same period of 2021, marking a 38.9% increase[7] - The company’s financing costs increased to HKD 2,039,000 for the nine months ended September 30, 2022, compared to HKD 858,000 in the same period of 2021, representing a 137.5% increase[7] - The interest expense on lease liabilities for the three months ended September 30, 2022, was HKD 738,000, compared to HKD 230,000 in the same period of 2021[26] - Financing costs increased by approximately 122.2% to about HKD 2,000,000, attributed to new office lease liabilities[86] Revenue Streams - The group’s revenue for the three months ended September 30, 2022, was HKD 23,483,000, an increase of 94.1% compared to HKD 12,090,000 for the same period in 2021[21] - The electric vehicle charging business generated revenue of HKD 10,287,000 for the three months ended September 30, 2022, compared to HKD 993,000 in the same period of 2021, marking a significant increase[22] - Sales from electric vehicle charging systems increased by approximately HKD 16,000,000, contributing to the overall revenue growth[65] - The revenue from the electric vehicle charging systems reached approximately HKD 19,700,000, a 4.3 times increase compared to HKD 3,700,000 in the same period last year[71] - The commercial printing services revenue decreased by approximately 16.2% to about HKD 22,300,000 due to reduced sales orders from existing clients[67] - Financial printing services revenue increased by approximately 20.1% to about HKD 16,700,000, driven by an increase in the number of clients[67] Strategic Initiatives - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[7] - The company has signed exclusive electric vehicle charging projects in 23 residential parking lots in Hong Kong, covering over 8,000 parking spaces as of September 30, 2022[52] - The company received over 280 applications for the EHSS project, covering more than 45,000 parking spaces, and expects to continue receiving EHSS projects in the coming months[51] - The company launched Cornerstone GO, a comprehensive technology platform for electric vehicle owners, charging operators, and marketers, with over 70 charging stations currently and plans to expand to over 100 by the end of the year[54] - The company expanded its Southeast Asia operations to Thailand, Malaysia, and Indonesia, establishing a joint venture with Zigma EV Power Company Limited in October 2022[55] - The company was selected as a partner for Link REIT's electric vehicle charging program, providing charging stations at 33 out of 113 parking lots in Hong Kong[55] - The company is exploring potential acquisition targets in Southeast Asia to capitalize on growth opportunities[59] - The company aims to achieve carbon neutrality by 2050, aligning with the Hong Kong government's roadmap for electric vehicle adoption[56] - The company is committed to promoting low-carbon lifestyles and reducing carbon emissions through green transportation initiatives[56] Financing Activities - The company has entered into a green financing agreement of HKD 150,000,000 to support financing payments related to EHSS projects[51] - The company successfully placed a total of 39,520,000 shares at a price of HKD 0.62 per share, raising approximately HKD 24,500,000, with a net amount of HKD 23,300,000 allocated primarily for electric vehicle charging business development[95] - 80% of the net proceeds from the placement will be used for the development of the electric vehicle charging business, while 10% will support the commercial and financial printing business operations, and the remaining 10% will be for general working capital[95] - The company issued 45,316,000 subscription shares at HKD 0.62 per share to creditors, with the proceeds of approximately HKD 28,100,000 utilized for operating expenses related to the electric vehicle charging business[98] - The second subscription agreement resulted in the issuance of 32,320,000 new ordinary shares at a subscription price of HKD 0.62 per share, raising approximately HKD 20,000,000, with a net amount of HKD 19,500,000 fully utilized by September 30, 2022[100][101] - The net proceeds from the second subscription were allocated approximately HKD 13,500,000 for electric vehicle charging business development and HKD 6,000,000 for general working capital[101] - The company entered into a green financing agreement for HKD 150,000,000, with an annual interest rate of 10% for each loan under this financing[104] - A supplementary agreement was established to indefinitely suspend the issuance and subscription of certain warrants, with the interest rate for green loans set to increase to 20% after 15 months from the date of the supplementary agreement[106] - The company has entered into a subscription agreement for the issuance of 20,000,000 new ordinary shares at a subscription price of HKD 0.62 per share, with expected net proceeds of approximately HKD 12,200,000 for operational and general corporate purposes[108] Corporate Governance - The company does not recommend the payment of an interim dividend for the nine months ended September 30, 2022[47] - The board of directors does not recommend the payment of an interim dividend for the period[110] - The company has complied with all applicable corporate governance codes as per GEM listing rules during the period[112] - The company’s directors have confirmed compliance with the trading standards from January 1, 2022, to the report date[113] - The company has not established any arrangements for directors to profit from acquiring shares or debt securities during the period[116] Shareholder Information - As of September 30, 2022, the company’s major shareholders include Mr. Wu Jianwei with a 35.40% stake and Mr. Liang Zihao with a 33.97% stake[120] - As of September 30, 2022, Global Fortune holds 235,603,225 shares, representing 32.10% of the issued share capital[126] - Tanner Enterprises owns 98,392,000 shares, accounting for 13.41% of the issued share capital[126] - Glorytwin possesses 81,000,000 shares, which is 11.04% of the issued share capital[126]

Electric Vehicle Charging Business - The electric vehicle charging business has expanded its service points across multiple residential and commercial areas since acquiring Cornerstone Electric Vehicle Charging Services Limited in August 2020[12]. - The government aims to install at least 150,000 electric vehicle charging points in private residential and commercial buildings by 2025, with a funding plan increased to HKD 3.5 billion due to high demand[13]. - As of June 30, 2022, Cornerstone has received over 273 applications covering no less than 115,000 parking spaces under the EV charging funding plan[13]. - Cornerstone has signed exclusive electric vehicle charging projects in 15 residential parking lots, totaling over 7,800 parking spaces[15]. - The company has expanded its public charging network to 16 locations, including popular destinations, and plans to continue this expansion in the coming months[15]. - Cornerstone provides a one-stop electric vehicle charging solution to partners, implementing advanced license plate recognition systems and contactless payment experiences[15]. - The company supports Kowloon Bus in launching a new generation of electric buses, installing 200 kWh fast charging infrastructure at five depots[15]. - A green financing agreement worth HKD 150 million has been established to support payments for projects awarded under the EV charging funding plan[13]. - The Hong Kong government allocated HKD 120 million to increase the number of public EV chargers from 1,100 at the end of 2020 to 1,800 by 2022, with a target of at least 5,000 by 2025[17]. - The company aims to strengthen partnerships with six leading EV brands from Europe, Korea, Japan, and China to enhance charging solutions[17]. - Revenue from the electric vehicle charging business reached HKD 10,278,000 for the first half of 2022, compared to HKD 2,996,000 in the same period of 2021, marking a significant increase of approximately 242.5%[129]. - The company plans to continue expanding its electric vehicle charging solutions and services to capture growing market demand[164]. Financial Performance - Revenue for the six months ended June 30, 2022, increased by approximately 11.3% to HKD 37.5 million from HKD 33.7 million in the same period last year, primarily driven by a HKD 6.9 million increase in EV charging system sales[25]. - The company recorded maintenance service revenue of approximately HKD 160,000 from government projects, a new revenue stream compared to the previous year[33]. - The revenue from financial printing services increased by approximately 8.7% to HKD 11.3 million, driven by an increase in the number of clients[28]. - The revenue from commercial printing services decreased by approximately 20.8% to HKD 15.2 million, primarily due to a reduction in sales orders from existing clients[27]. - Total revenue for the six months ended June 30, 2022, was HKD 37,494,000, a decrease from HKD 33,717,000 for the same period in 2021[39]. - Gross profit decreased by approximately 65.3% from HKD 7,500,000 to HKD 2,609,000, with a gross margin decline from 22.4% to 7.0%[42]. - Other income increased by 2.2 times to HKD 1,600,000, primarily due to government subsidies of HKD 1,000,000 recognized during the period[43]. - Administrative and other operating expenses rose by approximately 46.2% to HKD 48,100,000, mainly due to the expansion of the electric vehicle charging business[46]. - Research and development expenses increased from HKD 241,000 to HKD 623,000 during the period[47]. - Financing costs rose by approximately 116.7% to HKD 1,300,000, attributed to increased lease liabilities from new office leases[48]. - The company recorded a total loss of approximately HKD 47,100,000 for the period, compared to HKD 26,500,000 in the previous year[51]. - The net loss attributable to the owners of the company for the six months was HKD 46,889,000, compared to a loss of HKD 26,361,000 in the prior year, reflecting an increase of 78%[100]. - The company reported a basic and diluted loss per share of HKD 7.52 for the six months, compared to HKD 4.60 in the same period last year[100]. - The company reported a total loss of HKD 47,065,000 for the first half of 2022, compared to a loss of HKD 26,504,000 in the same period of 2021, indicating a deterioration in financial performance[139]. - The group reported a total comprehensive loss of HKD 138,671,000 for the six months ended June 30, 2022, compared to a loss of HKD 46,889,000 for the same period in 2021[115]. Shareholder Information - The company issued a total of 45,316,000 subscription shares at a price of HKD 0.62 per share, raising approximately HKD 28,100,000 to cover debts[62]. - The second subscription agreement involved the issuance of 32,320,000 new ordinary shares at the same price of HKD 0.62 per share, with a total net proceeds of approximately HKD 19,500,000[64]. - As of June 30, 2022, HKD 8,105,000 of the net proceeds from the second subscription was utilized for the development of the electric vehicle charging business[67]. - The company plans to use the remaining net proceeds of HKD 5,395,000 for electric vehicle charging business development by June 30, 2023[67]. - The company’s major shareholder, Global Fortune, holds 235,603,225 shares, representing 33.58% of the issued share capital[89]. - The company’s director, Mr. Wu, holds a total of 259,795,225 shares, accounting for 37.02% of the issued share capital[83]. - The company’s director, Mr. Liang, holds 249,311,225 shares, which is 35.53% of the issued share capital[83]. - The company’s director, Mr. Li, has a total of 104,304,613 shares, representing 14.86% of the issued share capital[83]. - The company’s director, Mr. Liu, holds 30,302,703 shares, which is 4.32% of the issued share capital[83]. - The company’s director, Mr. Pan, holds 27,096,000 shares, accounting for 3.86% of the issued share capital[83]. - The company’s director, Mr. Ye, holds 5,997,905 shares, representing 0.85% of the issued share capital[83]. - The company’s director, Mr. Wu, directly holds 24,192,000 shares in addition to his controlled corporation interests[85]. Operational Highlights - The company established a joint venture in Cambodia for EV business development, marking a milestone in its overseas expansion strategy[20]. - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period, except for disclosed placements[80]. - The company’s directors and senior management do not have any other interests or conflicts of interest in competing businesses during the reporting period[93]. - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2022, with no significant impact on its financial performance[122]. - The company is focusing on market expansion strategies, with a target to increase user engagement by 20% in the next fiscal year[181].

Financial Performance - Revenue for the first quarter of 2022 was HKD 11,716,000, a decrease of 18.6% compared to HKD 14,389,000 in the same period last year[10] - Gross loss for the quarter was HKD 1,768,000, compared to a gross profit of HKD 2,790,000 in the previous year[10] - The company reported a loss before tax of HKD 21,135,000, which is a significant increase from the loss of HKD 12,370,000 in the same quarter of the previous year[10] - Total comprehensive loss for the period amounted to HKD 20,917,000, compared to HKD 12,336,000 in the prior year[10] - Basic and diluted loss per share was HKD 3.40, compared to HKD 2.26 in the same quarter last year[12] - The company reported a loss attributable to owners of HKD 20,648,000 for the three months ended March 31, 2022, compared to a loss of HKD 12,336,000 in the same period of 2021[33] - The total loss and comprehensive expenses for the period amounted to approximately HKD 20,900,000, compared to HKD 12,300,000 in the previous year[79] Revenue Breakdown - The group's revenue for the three months ended March 31, 2022, was HKD 11,716,000, a decrease of 18.6% compared to HKD 14,389,000 for the same period in 2021[24] - The commercial printing services generated revenue of HKD 5,355,000, down 44.5% from HKD 9,651,000 in the previous year[24] - Revenue from financial printing services decreased by approximately 25.0% to about HKD 2,400,000, attributed to a decrease in the number of transactions by client companies[62] - Revenue from electric vehicle charging business increased to approximately HKD 3,576,000 from HKD 626,000, driven by a significant increase in sales of electric vehicle charging systems[64] Expenses and Costs - Research and development expenses for the quarter were HKD 270,000, indicating ongoing investment in innovation[10] - Administrative and other operating expenses increased to HKD 18,162,000 from HKD 14,453,000 year-over-year[10] - The company incurred finance costs of HKD 659,000, up from HKD 351,000 in the previous year[10] - The total employee costs increased to HKD 15,940,000 in 2022 from HKD 12,119,000 in 2021, reflecting a rise of 31.5%[29] - Sales expenses decreased by approximately 28.6% to about HKD 410,000 for the period[73] - Administrative and other operating expenses increased by approximately 25.5% from HKD 14,500,000 to HKD 18,200,000, primarily due to the expansion of the electric vehicle charging business[74] - Financing costs increased by approximately 87.7% from HKD 351,000 to HKD 659,000, mainly due to increased lease liabilities from a new office lease[77] Electric Vehicle Charging Business - The company continues to focus on expanding its services in printing, typesetting, translation, and electric vehicle charging[20] - The electric vehicle charging business reported revenue of HKD 3,576,000, significantly up from HKD 626,000 in the same period last year, marking a growth of 471.4%[24] - The electric vehicle charging business has expanded its service points across various residential and commercial areas since the acquisition of Cornerstone Electric Vehicle Charging Services Limited in August 2020[40] - The company is developing a smart parking system to monitor the operation of 1,800 electric vehicle chargers across multiple government parking lots, with a mobile app for users to find nearby charging stations[46] - The company has partnered with Golden Cambodia Century Limited to establish a joint venture for electric vehicle charging business development in Cambodia, with the first phase including ten charging stations at major shopping malls and gas stations[48] - The company is set to begin the installation of electric vehicle charging infrastructure for approximately 302 parking spaces as part of the EV Charging Easy Subsidy Scheme project, expected to start in May 2022[51] Government Initiatives and Support - The government of Hong Kong is committed to achieving carbon neutrality by 2050, which includes measures to promote electric vehicles and charging networks[40] - The government aims to install at least 150,000 electric vehicle charging points in private residential and commercial buildings by 2025, with a funding increase from HKD 2 billion to HKD 3.5 billion for the EV Charging Easy Subsidy Scheme[41] - As of March 31, 2022, over 273 applications have been received under the EV Charging Easy Subsidy Scheme, covering at least 115,000 parking spaces, nearly double the original target of 60,000[41] - The government has allocated HKD 120 million for a three-year plan to increase the number of charging stations in government parking lots from 1,100 to 1,800 by the end of 2022, with a long-term goal of at least 5,000 chargers by 2025[44] Corporate Governance - The company has established an audit committee to oversee financial reporting and compliance with regulations[108] - The audit committee consists of three independent non-executive directors, ensuring governance and oversight[108] - No directors or their close associates are engaged in any competing business activities during the reporting period[107] - The company has complied with applicable accounting standards in preparing its financial statements[110]