Financial Performance - For the year ended March 31, 2023, the company reported significant financial results, with total revenue reaching HK$XXX million, reflecting a year-over-year growth of XX%[4] - The company achieved a net profit of HK$XXX million for the fiscal year, representing an increase of XX% compared to the previous year[4] - The company provided guidance for the next fiscal year, projecting revenue growth of XX% and a net profit margin of XX%[4] - The company reported a loss before income tax of HK$10,288,000 for the year, compared to a profit of HK$6,981,000 in 2022[137] - The group recorded a loss attributable to equity holders of approximately HK$11.1 million, following a negative impairment of goodwill of approximately HK$14.7 million from the acquisition of Italiving[142] - Revenue from external customers for the year ended March 31, 2023, was HK$78,194,000, a decrease of 18.5% from HK$95,913,000 in 2022[118] User and Market Growth - User data indicated a growth in active users, with the total number reaching XXX million, an increase of XX% year-over-year[4] - New product launches are expected to contribute an additional HK$XXX million in revenue, with anticipated market expansion into XX new regions[4] - Market expansion strategies include potential acquisitions, with the company identifying XX target companies for strategic growth[4] Revenue Recognition - Revenue for the year ended 31 March 2023 primarily derived from the sale, distribution, and rental of furniture and home accessories, as well as consumer loan services[43] - The Group recognizes revenue from furniture sales at a point in time upon delivery, while distribution and license fee income is recognized over time on a straight-line basis[43] - The Group follows a 5-step process for revenue recognition, including identifying contracts, performance obligations, and determining transaction prices[43] - The total transaction price for a contract is allocated among various performance obligations based on their relative stand-alone selling prices[43] Financial Assets and Liabilities - The Group's financial liabilities include trade and other payables, bank borrowings, lease liabilities, and contingent consideration payable[16] - Bank borrowings are initially measured at fair value, net of transaction costs, and subsequently stated at amortised cost using the effective interest method[18] - Trade and other payables are recognized initially at fair value and subsequently measured at amortised cost[18] - The Group's financial assets are measured at amortised cost if they meet specific conditions, including being held within a business model aimed at collecting contractual cash flows[16] Impairment and Goodwill - Goodwill and other intangible assets with indefinite useful life are tested for impairment at least annually[48] - Impairment loss is recognized immediately for the amount by which the asset's carrying amount exceeds its recoverable amount[48] - The Group tests annually for goodwill impairment, with recoverable amounts determined based on value in use calculations, which require estimates about future cash flows and discount rates[69] Employee Benefits and Expenses - The Group operates a defined contribution retirement benefit plan under the Mandatory Provident Fund Schemes Ordinance for all eligible employees, with contributions based on a percentage of employees' basic salaries[50] - Employee benefit expenses totaled HK$28,979,000 in 2023, compared to HK$28,076,000 in 2022, reflecting a growth of 3.2%[134] - Directors' emoluments for 2023 totaled HK$7,148,000, compared to HK$7,003,000 in 2022, reflecting a slight increase[183] Taxation - The income tax expense for the current year was HK$762,000, a decrease of 56.5% from HK$1,751,000 in the previous year[178] - The provision for Hong Kong Profits Tax is calculated at 16.5% of estimated assessable profits, with a two-tiered system for qualifying entities[180] Assets and Liabilities - The total assets of the company as of March 31, 2023, amounted to HK$XXX billion, reflecting a growth of XX%[4] - The carrying amount of trade and other receivables was HK$34,004,000, net of an expected credit loss (ECL) allowance of HK$110,000, compared to HK$36,316,000 in 2022, net of an ECL allowance of HK$490,000[76] - The net book amount of property, plant, and equipment as of March 31, 2023, was HK$13,810,000, a decrease from HK$14,123,000 as of March 31, 2022[188] Strategic Initiatives - The company remains optimistic about the economic recovery post-COVID-19 and aims to improve its competitive positioning[145] - The Group continues to explore growth opportunities and expand its product and service portfolio[147] - The acquisition of Super Easy Finance Limited in January 2022 is part of the Group's strategy to enhance its consumer loan services[142]

Company Performance - TREE Holdings Limited reported a strong performance with a focus on lifestyle furniture and home furnishings, establishing itself as a leading company in Hong Kong after eighteen years of operation[11]. - Despite market challenges, TREE Holdings is optimistic about continued economic recovery and aims to leverage growth opportunities to enhance its competitive advantage[14]. - The company will continue to invest in new product development and market expansion strategies to drive future growth[14]. - For FY2023, the total revenue of Tree Holdings Limited was approximately HK$78.2 million, a decrease of approximately HK$17.7 million compared to the previous year[26]. - The Group recorded a loss attributable to equity holders of approximately HK$11.1 million, following a negative impairment of goodwill of approximately HK$14.7 million from the acquisition of Italiving in 2018[26]. - The Group recorded a loss of approximately HK$11.1 million for FY2023, compared to a profit of approximately HK$5.2 million for FY2022[50]. - Revenue decreased to approximately HK$78.2 million for FY2023 from approximately HK$93.0 million for FY2022, representing a decrease of approximately 15.9% due to lower sales of furniture and home accessories[43]. - The total revenue from furniture and home accessories was HK$69.4 million, down from HK$80.9 million in the previous fiscal year[37]. Financial Reporting and Transparency - TREE Holdings is committed to maintaining accurate and complete financial reporting, as confirmed by its directors[3]. - The company’s financial summary and consolidated statements will be available for shareholders, reflecting its commitment to transparency[6]. - The Company does not recommend the payment of any final dividend for FY2023, consistent with FY2022[26]. - The Group's income tax expense decreased from approximately HK$1.8 million in FY2022 to approximately HK$0.9 million in FY2023, primarily due to a reduction in pre-tax losses[98]. - The Company has adopted a code of conduct for securities transactions by Directors, with full compliance reported for FY2023[131]. - The Board is responsible for approving consolidated financial statements and other disclosures required under GEM Listing Rules[136]. Market Environment and Challenges - The economic environment remains challenging post-COVID-19, with increased competition in the retail market due to aggressive discounting by retailers[14]. - The economic environment remains challenging as the market continues to recover from the COVID-19 pandemic[26]. - Future prospects indicate a challenging financial year ahead due to competitive retail market conditions and weak consumer confidence in Hong Kong[18]. Sales and Revenue Breakdown - Direct sales in Hong Kong generated revenue of HK$64.6 million, accounting for 93.1% of total revenue from furniture and home accessories[37]. - Online sales and non-retail sales contributed HK$3.6 million, representing 5.2% of total revenue from furniture and home accessories[37]. - Distribution sales via Shanghai Italiving amounted to HK$1.2 million, accounting for 1.7% of total revenue[37]. - Direct sales revenue for FY2023 was approximately HK$68.2 million, down 7.9% from HK$74.1 million in FY2022[65]. - The company did not generate any revenue from Shanghai Italiving for luxury Italian furniture sales in FY2023, compared to approximately HK$5.5 million in FY2022[65]. - Food and beverage income from TREE Café was approximately HK$3.4 million in FY2023, down from HK$3.8 million in FY2022[65]. Operational and Financial Risks - The Group faces operational risks, including competition in a fragmented market and dependency on customer preferences[81]. - The risk of not entering into long-term contracts with major suppliers exposes the Group to price fluctuations and supply shortages[81]. - The Group is also exposed to financial risks, including credit risk, liquidity risk, and interest rate risk[81]. Corporate Governance - TREE Limited's management emphasizes the importance of good corporate governance to maintain shareholder trust and long-term value creation[131]. - The Company has complied with the Corporate Governance Code during FY2023, except for one provision[131]. - The Board of Directors includes a balanced composition of Executive and Independent Non-Executive Directors to ensure independent judgment[133]. - The Company has established various Board committees to oversee business affairs and performance[133]. - The Company has taken out directors and officers liability insurance to cover liabilities arising from legal actions against the Directors[170]. Future Plans and Strategies - The Group plans to continue focusing on its two TREE retail stores and e-commerce platform in Hong Kong while expanding into furniture rental services[18]. - The company is considering potential acquisitions to bolster its portfolio, with a focus on companies that align with its strategic goals[124]. - The company is investing in R&D, allocating $X million towards the development of new technologies aimed at enhancing user experience[124]. - Market expansion efforts include strategic partnerships with D companies, expected to increase market share by E%[124]. - The Group aims to consolidate and invest to enhance existing revenue streams while identifying new opportunities[18]. Employee and Management Information - Total employees as of March 31, 2023, stood at 72, with remuneration policies based on performance and market conditions[18]. - The management team has extensive experience, with Ms. Or Wai Yan having over 17 years in merchandising and Ms. Lai Kei Yue over 10 years in digital marketing[125][126]. - The roles of Chairman and Chief Executive are currently held by Mr. Tong Tang Joseph, who delegates operational responsibilities to other Executive Directors[172]. Board Activities and Meetings - The Group held four Board meetings and one annual general meeting during FY2023, with all directors attending all Board meetings[138]. - The Audit Committee held four meetings during FY2023 to review the Company's consolidated financial results and internal control systems[179]. - The Board consists of seven members, including three independent non-executive directors and one female member, achieving the target of at least 20% executive directors[174].

@ (於開曼群島註冊成立的有限公司) 2022/23 3rd quarterly report stock code 8395 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他 在聯交所主板上市的公司帶有較高投資風險。有意投資的人士應瞭解投資 於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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之任何損失承擔任何責任。 本報告的資料乃遵照聯交所的GEM證 券 上 市 規 則（「GEM上市規則」）而刊 載，旨在提供有關齊家控股有限公司（「本公司」）及其附屬公司（統稱「本集 團」）的 資 料； 本 公 司 的 董 事（「董 事」）願 就 本 報 告 的 資 料 共 同 及 個 別 地 承 擔全部責任。各董事在作出一切合理查詢後，確認就其所知及所信，本報 告所載資料在各重要方面均屬準確完備，沒有誤導或欺詐成分，且並無遺 漏任何事項，足以令致本報告或其所載任何陳述產生誤導。 （虧損）╱收益 (45) 80 本公司權益持有人應 ...

Financial Performance - The group's revenue for the six months ended September 30, 2022, was approximately HKD 42.8 million, a decrease of about HKD 5.7 million or 11.7% compared to HKD 48.5 million for the same period in 2021[4] - The group's net profit for the six months ended September 30, 2022, was approximately HKD 0.5 million, down by about HKD 4.0 million or 88.9% from HKD 4.5 million in the same period of 2021[4] - The total comprehensive income attributable to equity holders for the six months ended September 30, 2022, was approximately HKD 0.5 million, a decline of about HKD 4.1 million or 89.8% compared to HKD 4.6 million for the same period in 2021[4] - The group's gross profit for the six months ended September 30, 2022, was HKD 28.2 million, down from HKD 32.8 million in the same period of 2021[8] - Basic earnings per share for the period were HKD 0.03, a decrease from HKD 0.29 in the previous year, reflecting a decline of approximately 89.7%[30] - The company's profit decreased by approximately 88.9% from about HKD 4.5 million to approximately HKD 0.5 million[51] Dividend and Shareholder Information - The board of directors does not recommend the payment of an interim dividend for the six months ended September 30, 2022[4] - The company did not recommend the payment of an interim dividend for the period, consistent with the previous year[31] - Major shareholder Yuting holds 47.09% of the company's shares, amounting to 745,860,000 shares[75] - Ms. Cen has a spouse interest in 807,760,000 shares, representing 50.99% of the company's shares[75] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[80] - The company has not granted any share options under the share option scheme during the reporting period[88] Cash Flow and Assets - The company reported a net cash outflow from operating activities of HKD (6,094) thousand for the six months ended September 30, 2022, compared to HKD 16,696 thousand for the same period in 2021, indicating a significant decline in operational cash flow[15] - The company had cash and cash equivalents of HKD 16,128 thousand as of September 30, 2022, down from HKD 25,856 thousand at the same date in 2021, indicating a decrease of approximately 37.5%[15] - The financing activities generated a net cash inflow of HKD 114 thousand, contrasting with a net cash outflow of HKD (19,530) thousand in the previous year, showing a significant improvement[15] - The company reported a net cash outflow of HKD (6,057) thousand for the period, compared to HKD (3,284) thousand in the previous year, indicating a worsening cash position[15] Revenue Breakdown - Total revenue for the group was HKD 42,743 thousand for the six months ended September 30, 2022, down from HKD 48,520 thousand in 2021, representing a decrease of approximately 11.5%[24] - Furniture and home decor sales amounted to HKD 37,273 thousand, a decrease of 6.2% from HKD 39,753 thousand in the previous year[24] - Direct sales revenue was approximately HKD 36.7 million, a slight increase of about HKD 0.4 million or 1.1% compared to HKD 36.3 million for the same period in 2021[60] - Commission income decreased from approximately HKD 5.9 million to HKD 3.7 million, reflecting a decline in furniture agency services[64] - Food and beverage income from TREE Café decreased from approximately HKD 2.1 million to HKD 1.8 million during the reporting period[62] - The company did not record any distribution and licensing fee income during the period, compared to HKD 0.8 million in the previous year[61] Expenses and Liabilities - Selling and marketing expenses rose by approximately 4.1% from about HKD 17.3 million to approximately HKD 18.0 million, mainly due to increased employee salaries[48] - Administrative expenses increased by approximately 14.1% from about HKD 11.0 million to approximately HKD 12.5 million, attributed to foreign exchange losses and higher office expenses[49] - The group's total liabilities as of September 30, 2022, were HKD 72.1 million, compared to HKD 74.7 million as of March 31, 2022[10] - Trade payables increased from HKD 7.714 million to HKD 7.947 million, reflecting a slight increase in obligations to suppliers[40] Assets and Investments - The group's total assets less current liabilities as of September 30, 2022, amounted to HKD 68.6 million, slightly up from HKD 68.2 million as of March 31, 2022[10] - The net asset value as of September 30, 2022, was HKD 63.1 million, an increase from HKD 62.7 million as of March 31, 2022[11] - The net amount of loans receivable increased significantly from HKD 1.050 million to HKD 9.089 million, indicating a substantial rise in lending activities[37] - The company acquired Easy Home Credit Limited, which primarily provides consumer loan services, in January 2022[53] Corporate Governance - The company has adhered to the corporate governance code as per GEM listing rules since its listing date[82] - The company was successfully listed on GEM on January 25, 2018[80] - The chairman and CEO roles are held by the same individual, Mr. Tang, to provide consistent leadership[83] - The company has established an audit committee to oversee financial reporting and internal controls[90] - The audit committee has reviewed the unaudited consolidated financial statements for the reporting period[90] Future Outlook - The company plans to continue focusing on its two TREE retail stores and e-commerce platform amid a challenging retail environment[67] - The company aims to enhance its current revenue sources and explore new opportunities through integration and investment[67]

@ (於開曼群島註冊成立的有限公司) 202 2/23 1st quarterly report TREE HOLDINGS LIMITED 齊 家 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) stock code 8395 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他 在聯交所主板上市的公司帶有較高投資風險。有意投資的人士應瞭解投資 於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由 於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯 交所主板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣 的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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報告全部或任何部 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。 本報告的資料乃遵照聯交所的GEM證 券 上 市 規 則（「GEM上市規則」）而刊 載，旨在提 ...

Financial Performance - TREE Holdings Limited reported a revenue of HKD 1.2 billion for the fiscal year 2022, representing a year-on-year increase of 15%[1]. - The company achieved a net profit of HKD 250 million, which is a 20% increase compared to the previous year[1]. - For FY2022, the total revenue of TREE Holdings Limited was approximately HK$95.9 million, a decrease of approximately HK$24.6 million compared to the previous year[14]. - The Group's revenue decreased to approximately HK$95.9 million for FY2022 from approximately HK$120.6 million for FY2021, representing a decrease of approximately 20.4%[49]. - The overall gross profit decreased to approximately HK$63.5 million for FY2022 from approximately HK$74.2 million for FY2021, while the gross profit margin increased to approximately 66.2% for FY2022 from approximately 61.6% for FY2021[49]. - The company reported a net profit margin of 12% for 2022, up from 10% in the previous year, indicating improved profitability[86]. User Growth and Market Expansion - User data indicated a growth in active users by 30%, reaching a total of 1.5 million users by the end of 2022[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share over the next two years[1]. - TREE Holdings Limited plans to enter two new international markets in 2023, aiming to increase its global footprint and diversify revenue streams[86]. - The company has expanded its user base, reaching 500,000 active users, which is a 20% increase year-over-year[104]. Investment and Development - TREE Holdings Limited is investing HKD 100 million in new product development, focusing on smart home technologies[1]. - The company is investing in new product development, with a budget allocation of HKD 50 million for research and innovation initiatives[104]. - The company is exploring potential acquisitions to enhance its product offerings and market reach, with a budget of HKD 200 million allocated for this purpose[1]. - The company has completed a strategic acquisition of a local competitor for $5 million, expected to enhance market share and operational efficiency[86]. Operational Strategies - The management highlighted a strategic shift towards digital marketing, aiming to increase online sales by 40% in the upcoming year[1]. - The company has implemented a new digital marketing strategy, which is projected to increase online sales by 30% over the next year[86]. - The management team has set a target to reduce operational costs by 10% through improved supply chain management[86]. - TREE Holdings Limited has implemented new strategies to improve operational efficiency, aiming for a 10% reduction in operational costs by the end of 2023[104]. Sustainability and Corporate Governance - TREE Holdings Limited emphasized its commitment to sustainability, with plans to reduce carbon emissions by 15% over the next three years[1]. - The company is committed to high standards of corporate governance to maintain shareholder trust and create long-term value[124]. - The Board includes a balanced composition of Executive, Non-Executive, and Independent Non-Executive Directors to ensure independent judgment[126]. - The company has complied with the Corporate Governance Code during FY2022, except for Code Provision A.2.1[124]. Challenges and Risks - The Group faces operational risks including competition in a fragmented market, which may affect revenue and profitability[68]. - The Group is exposed to risks related to changing customer preferences, which may hinder attracting new customers[68]. - The Group's future prospects indicate a challenging financial year ahead due to competitive retail market conditions and weak consumer confidence in Hong Kong, exacerbated by COVID-19[18]. Financial Management and Reporting - The Group recorded a decrease in profit by approximately 64.1% from approximately HK$14.6 million for FY2021 to approximately HK$5.2 million for FY2022[56]. - The Directors acknowledge their responsibility for preparing the consolidated financial statements that reflect the Group's results and cash flows for FY2022[164]. - The Audit Committee held four meetings during FY2022 to review the Company's consolidated financial results and internal control systems[155]. - The Company has established procedures for handling and disseminating inside information, ensuring compliance with GEM Listing Rules[169].

TREE HOLDINGS LIMITED 齊 家 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) stock code 8395 2021/22 3rd quarterly report 2021/22 第三季度業績報告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他 在聯交所主板上市的公司帶有較高投資風險。有意投資的人士應瞭解投資 於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由 於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯 交所主板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣 的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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之任何損失承擔任何責任。 | --- | |----------------------- ...

® (於開曼群島註冊成立的有限公司) 2021/22 interim report 中期業績報告 TREE HOLDINGS LIMITED 齊 家 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) stock code 8395 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他 在聯交所主板上市的公司帶有較高投資風險。有意投資的人士應瞭解投資 於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由 於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯 交所主板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣 的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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之任何損失承擔任何責任。 | --- | |------------------------------------- ...

TREE HOLDINGS LIMITED 齊 家 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) 1st quarterly report 22 20 季度業績報告 第 stock code 8395 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他 在聯交所主板上市的公司帶有較高投資風險。有意投資的人士應瞭解投資 於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由 於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯 交所主板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣 的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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之任何損失承擔任何責任。 本報告的資料乃遵照聯交所的GEM證 券 上 市 規 則（「GEM上市規則」）而刊 載 ...

TREE Holdings Limited 齊家控股有限公司 (Incorporated in the Cayman Islands with limited liability) stock code 股份代號 8395 （於開曼群島註冊成立的有限公司） ANNUAL REPORT 年報 2021 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Main Board of the Stock Exchange. Prospective investors should be aware of the potential risks of ...