Stream Ideas Group Limited 源想集團有限公司 (於開曼群島註冊成立的有限公司) (股份代號:8401) 截 至 二 零 二 三 年 六 月 三 十 日 止 三 個 月 之 第 一 季 度 業 績 公 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 上 市 的 公 司 帶 有 較 高 投 資 風 險。有 意 投 資 的 人 士 應 了 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 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 公 告 的 內 容 概 ...

Financial Performance - The group's revenue for the year ended March 31, 2023, was approximately HKD 15,105,000, a decrease of about 17.5% compared to HKD 18,320,000 for the previous year[8]. - Gross profit decreased by approximately 15.4% to about HKD 5,983,000 from HKD 7,072,000 in the previous year[8]. - The group recorded a loss of approximately HKD 16,349,000 for the year, an increase of about HKD 3,221,000 from a loss of HKD 13,128,000 in the previous year[8]. - Total revenue for the group decreased by about 17.5% to approximately HKD 15,105,000 compared to the previous year[22]. - Operating loss increased to HKD 15,981,000 from HKD 13,055,000, reflecting a deterioration in operational performance[197]. - Net loss for the year was HKD 16,349,000, compared to a net loss of HKD 13,128,000 in the prior year, indicating a 24.5% increase in losses[197]. - Total assets decreased to HKD 25,484,000 from HKD 39,188,000, representing a decline of 34.9%[199]. - Net assets fell to HKD 17,694,000 from HKD 33,501,000, a significant drop of 47.2%[199]. - Basic and diluted loss per share for the year was HKD 0.08, compared to HKD 0.07 in the previous year[197]. Revenue Breakdown - Approximately 73.0% of the group's revenue came from Hong Kong clients, while about 20.6% came from Taiwan clients, and Southeast Asia contributed approximately 6.4%[14]. - Revenue from Hong Kong decreased by approximately 12.9% to about HKD 11,034,000 compared to the previous year[15]. - Revenue from Taiwan fell to approximately HKD 3,114,000, a decrease from HKD 3,920,000 in the previous year, reflecting a decline of about 20.5%[16]. - Revenue from Southeast Asia dropped from approximately HKD 1,726,000 to about HKD 957,000, a decrease of approximately 44.4%[17]. Strategic Focus and Plans - The company plans to enhance its talent pool and team to seize opportunities in the large online advertising market in Southeast Asia[10]. - New strategies will focus on increasing face-to-face meetings with peers and clients, and enhancing online advertising solutions[9]. - The group plans to focus on enhancing its service offerings and strengthening relationships with key partners to capture future opportunities[19]. - The company aims to identify growth-driving partnerships and acquisition opportunities[10]. - The management anticipates growth in marketing agency services from Asia Interactive, which is expected to enhance social media coverage and business introduction opportunities, particularly in the Chinese market[43]. Challenges and Risks - The recovery of the advertising market is slower than expected, posing challenges for the company[9]. - Key risks include reliance on advertising agency relationships for revenue, with measures to diversify the client base and engage directly with medium brands[45]. - The group faces challenges in retaining employees, with strategies including semi-annual evaluations and maintaining good relationships with staff[47]. - Currency fluctuations pose a risk, with plans to monitor and convert foreign currency cash to HKD as needed[47]. - The group is developing business contingency plans to address adverse external conditions, including social unrest and pandemics[47]. - The management emphasizes the importance of risk management measures to mitigate operational and financial risks[45]. Corporate Governance - The company has established a robust governance structure with various committees, including a nomination committee and an audit committee, to ensure effective oversight[59]. - The board consists of seven members, including four executive directors and three independent non-executive directors, maintaining the required independence[130]. - The independent non-executive directors provide practical independent opinions and judgments, enhancing the board's decision-making process[133]. - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, ensuring compliance throughout the relevant year[125]. - The board is responsible for major policy decisions, overall strategy, business plans, and risk management systems[127]. Employee and Director Information - The employee costs for the group, including director remuneration, employee salaries, wages, other benefits, and fixed contributions to retirement plans, were approximately HKD 12,737,000 for the year, down from HKD 14,083,000 in the previous year[104]. - The group employed a total of 33 employees as of March 31, 2023, unchanged from the previous year[104]. - The management team has over 10 years of experience in marketing and advertising, with key personnel responsible for overall management and operations including sales, marketing, customer service, human resources, and finance[55]. - The company has established a competitive salary policy for employees, which includes salary and bonuses, as well as benefits such as retirement and medical insurance[104]. Audit and Financial Reporting - The financial statements for the year ending March 31, 2023, were audited by KPMG, which is eligible for reappointment at the annual general meeting[122]. - The audit committee assists the board in overseeing the financial reporting process of the group[191]. - The independent auditor's goal is to obtain reasonable assurance that the financial statements are free from material misstatement due to fraud or error[192]. - The company is assessing its internal controls and accounting policies to address the identified risks and improve financial reporting[194]. Shareholder Communication - The company maintains communication with shareholders through various channels, including annual general meetings and its website[171]. - The company confirms it has maintained sufficient public float as required by GEM listing rules as of March 31, 2023[116].

Stream Ideas Group Limited 源想集團有限公司 (於開曼群島註冊成立的有限公司) (股份代號:8401) 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 之 年 度 業 績 公 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 上 市 的 公 司 帶 有 較 高 投 資 風 險。有 意 投 資 的 人 士 應 了 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 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 公 告 的 內 容 概 不 負 ...

Financial Performance - The group's unaudited revenue for the nine months ended December 31, 2022, was approximately HKD 10,975,000, a decrease of about 20.1% compared to HKD 13,741,000 for the same period last year[11]. - The group's unaudited gross profit decreased from approximately HKD 5,156,000 to approximately HKD 4,167,000, a reduction of about HKD 989,000 or 19.2%[11]. - The group recorded an unaudited loss of approximately HKD 11,848,000 for the relevant period, compared to a loss of approximately HKD 8,108,000 in the previous period, an increase in loss of about HKD 3,740,000[11]. - The company's revenue decreased from approximately HKD 13,741,000 to HKD 10,975,000, a decline of about 20.1%, primarily due to reduced sales in Hong Kong[20]. - The net loss for the relevant period was approximately HKD 11,848,000, compared to a net loss of HKD 8,108,000 in the previous period, attributed to decreased revenue and increased other losses[27]. - Operating loss increased to HKD 11,731,000, compared to HKD 7,950,000 in the prior year, reflecting a 47.5% increase in losses[41]. - The net loss for the period was HKD 11,848,000, compared to HKD 8,108,000 in the same period last year, representing a 46.5% increase in losses[41]. - The company reported a basic and diluted loss per share of HKD 0.06, compared to HKD 0.04 in the previous year[41]. - The company incurred a loss attributable to equity shareholders of HKD 11,848,000 for the nine months ended December 31, 2022, compared to a loss of HKD 8,108,000 for the same period in 2021, representing an increase in loss of approximately 46%[56]. - The basic and diluted loss per share for the nine months ended December 31, 2022, was HKD 0.06, compared to HKD 0.04 in 2021, reflecting an increase in loss per share of 50%[56]. Revenue Sources - Approximately 70.3% of the group's revenue came from Hong Kong clients, while about 22.3% came from Taiwan clients, indicating a shift in revenue sources[14]. - Revenue from Hong Kong decreased by approximately 23.3% to about HKD 7,712,000 from HKD 10,058,000 in the previous period[15]. - Taiwan's revenue slightly increased to approximately HKD 2,448,000 from HKD 2,422,000, despite a challenging operating environment[16]. - Total revenue from Southeast Asia was approximately HKD 815,000, down from HKD 1,261,000 in the previous year, highlighting ongoing challenges in the region[17]. - For the nine months ended December 31, 2022, the company reported revenue of HKD 10,975,000, a decrease of 20.3% compared to HKD 13,741,000 for the same period in 2021[41]. - The company reported a decrease in revenue from Hong Kong, which was HKD 7,712,000 for the nine months ended December 31, 2022, compared to HKD 10,058,000 in 2021, a decline of approximately 23%[51]. Cost and Expenses - Service costs fell by approximately 20.7% from HKD 8,585,000 to HKD 6,808,000, consistent with the decrease in sales[21]. - Administrative and other operating expenses increased by approximately 11.9% from HKD 8,717,000 to HKD 9,751,000, mainly due to increased foreign exchange losses[25]. - Employee costs, including directors' remuneration, were HKD 9,330,000 for the nine months ended December 31, 2022, slightly up from HKD 9,207,000 in 2021, an increase of about 1.3%[53]. - The company's total comprehensive expenses for the nine months ended December 31, 2022, amounted to HKD 11,158,000, compared to HKD 8,338,000 in 2021, an increase of approximately 34%[43]. Strategic Plans - The company plans to withdraw from the Singapore market and focus resources on Malaysia, Indonesia, and the Philippines to better meet customer needs[17]. - The company continues to adjust its service offerings to meet customer demands amid increasing competition and an unstable economic environment[15]. - The company plans to recruit more talent to strengthen its team, particularly in business development, to better meet the evolving needs of existing and potential clients[18]. - The company aims to diversify its membership base across different segments, such as age groups and interests, to attract more customers[18]. - The company anticipates a recovery in the advertising industry and aims to leverage its experienced sales team and strong client relationships to boost sales[18]. Other Financial Information - Other net losses amounted to approximately HKD 1,086,000, compared to other income of approximately HKD 934,000 in the previous period, primarily due to fair value losses on UBS financial products[23]. - The company recorded a fair value loss on financial assets of HKD 1,378,000 for the nine months ended December 31, 2022, compared to a gain of HKD 822,000 in 2021, indicating a significant negative shift[52]. - The company has not issued, exercised, or cancelled any share options under its share option scheme as of December 31, 2022[38]. - There were no purchases, sales, or redemptions of the company's listed securities during the relevant period[34]. - The company has complied with all corporate governance codes except for the separation of the roles of Chairman and CEO, which are currently held by three executive directors[35]. - The audit committee has reviewed the unaudited condensed consolidated financial statements and confirmed compliance with applicable accounting standards and GEM listing rules[40]. - There were no securities trading violations by the directors during the relevant period[37]. - For the nine months ended December 31, 2022, the company reported a total equity of HKD 22,343,000, a decrease from HKD 38,505,000 for the same period in 2021, reflecting a decline of approximately 42%[43].

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上市的公司帶有較高 投資風險。有意投資的人士應了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的內容概不負責，對其準確性或完整性亦不發表任何聲明， 並明確表示概不就因本報告全部或任何部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。 本報告包括的資料乃遵照聯交所的GEM證券上市規則（「GEM上市規則」）的規定而提供有關源想集團有限 公司（「本公司」）及其附屬公司（統稱「本集團」）的資料。本公司董事（「董事」）願就本報告共同及個別承擔 全部責任。董事在作出一切合理查詢後確認，就彼等所知及所信，本報告所載資料在各重大方面均屬準確 完整，且無誤導或欺騙成份，及本報告並無遺漏其他事項，致使本報告或當中所載任何陳述產生誤導。 1 源想集團有限公司 • 2022年中期報告 ...

第一季度業績報告 FIRST QUARTERLY REPORT 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上市的公司帶有較高 投資風險。有意投資的人士應了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的內容概不負責，對其準確性或完整性亦不發表任何聲明， 並明確表示概不就因本報告全部或任何部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。 本報告包括的資料乃遵照聯交所的GEM證券上市規則（「GEM上市規則」）的規定而提供有關源想集團有限 公司（「本公司」）及其附屬公司（統稱「本集團」）的資料。本公司董事（「董事」）願就本報告共同及個別承擔 全部責任。董事在作出一切合理查詢後確認，就彼等所知及所信，本報告所載資料在各重大方面均屬準確 完整，且無誤導或欺騙成份，及本報告並無遺漏其他事項，致使本報告或當中所 ...

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上市的公司帶有較高投資風險。 有意投資的人士應了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的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表 示概不就因本報告全部或任何部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。 本報告包括的資料乃遵照聯交所的GEM證券上市規則（「GEM上市規則」）的規定而提供有關源想集團有限公司（「本 公司」）及其附屬公司（統稱「本集團」）的資料。本公司董事（「董事」）願就本報告共同及個別承擔全部責任。董事在 作出一切合理查詢後確認，就彼等所知及所信，本報告所載資料在各重大方面均屬準確完整，且無誤導或欺騙成份， 及本報告並無遺漏其他事項，致使本報告所載任何陳述或本報告產生誤導。 1 源想集團有限公司 • 2021-2022 ...

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上市的公司帶有較高 投資風險。有意投資的人士應了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。 香港聯合交易所有限公司（「聯交所」）GEM的特色 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表任何聲明， 並明確表示概不就因本報告全部或任何部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。 本報告包括的資料乃遵照聯交所的GEM證券上市規則（「GEM上市規則」）的規定而提供有關源想集團有限 公司（「本公司」）及其附屬公司（統稱「本集團」）的資料。本公司董事（「董事」）願就本報告共同及個別承擔 全部責任。董事在作出一切合理查詢後確認，就彼等所知及所信，本報告所載資料在各重大方面均屬準確 完整，且無誤導或欺騙成份，及本報告並無遺漏其他事項，致使本報告或當中所載任何陳述產生誤導。 1 源想集團有限公司 • 2021年第三季度 ...

[Company Information](index=3&type=section&id=Company%20Information) This report provides information on Source Think Group Limited and its subsidiaries, including executive directors and headquarters location - This report provides information about Source Think Group Limited ("the Company") and its subsidiaries ("the Group"). Executive Directors include Ms. Zhang Li, Mr. Luo Jiajian, Mr. Li Yongliang, etc. The company's headquarters are located in Kwun Tong, Hong Kong[6](index=6&type=chunk) - The company's auditor is KPMG, and its principal bankers include The Hongkong and Shanghai Banking Corporation, Bank of Communications, and E.SUN Commercial Bank[7](index=7&type=chunk)[8](index=8&type=chunk) [Financial Highlights](index=6&type=section&id=Financial%20Highlights) The company experienced an overall performance decline for the six months ended September 30, 2021, with expanded losses due to reduced revenue and no interim dividend recommended - For the six months ended September 30, 2021 ("the Relevant Period"), the company's performance declined across the board, with losses expanding due to reduced revenue, and the Board not recommending an interim dividend[11](index=11&type=chunk) Financial Highlights for the Six Months Ended September 30, 2021 | Indicator | Amount (HKD) | YoY Change | | :--- | :--- | :--- | | Unaudited Revenue | 8,418,000 | -24.9% | | Unaudited Gross Profit | 2,852,000 | -49.5% | | Unaudited Loss | 5,324,000 | Loss increased by 47.7% | [Management Discussion and Analysis](index=7&type=section&id=Management%20Discussion%20and%20Analysis) This section reviews the Group's business performance, outlook, use of proceeds, dividends, financial position, significant investments, and employee policies [Business Review](index=7&type=section&id=Business%20Review) The Group's core business of online advertising services saw significant declines in revenue and gross profit, leading to expanded losses due to the ongoing COVID-19 pandemic - The Group's main business is providing online advertising services, including viral marketing, interactive engagement, and mass blogger services, with operations across Hong Kong, Taiwan, and various Southeast Asian markets[12](index=12&type=chunk) - Due to the COVID-19 pandemic causing a slowdown in the advertising industry, the Group's revenue decreased by **24.9%** year-on-year to approximately **HKD 8.42 million**, gross profit decreased by **49.5%** year-on-year to approximately **HKD 2.85 million**, and losses expanded to approximately **HKD 5.32 million**[12](index=12&type=chunk) [Geographical Market Analysis](index=7&type=section&id=Geographical%20Market%20Analysis) Hong Kong remains the Group's primary revenue source, increasing its contribution to 77.7%, while all regional markets experienced revenue declines Revenue Contribution by Geographical Market | Region | Revenue Contribution in Relevant Period | Revenue Contribution in Previous Period | | :--- | :--- | :--- | | Hong Kong | 77.7% | 62.6% | | Taiwan | 13.1% | 26.8% | | Southeast Asia | 9.2% | 10.6% | - Hong Kong market revenue decreased by **6.8%** year-on-year to approximately **HKD 6.54 million**, primarily due to increased competition and economic instability[14](index=14&type=chunk) - Taiwan market revenue significantly decreased by **63.3%** year-on-year to approximately **HKD 1.10 million**, mainly due to changes in user behavior, competition, and pandemic lockdowns[15](index=15&type=chunk) - Total revenue from Southeast Asian markets (Malaysia, Indonesia, Philippines) was approximately **HKD 0.77 million**, a year-on-year decrease of approximately **35.4%**, primarily affected by pandemic lockdown measures[16](index=16&type=chunk) [Business Outlook](index=8&type=section&id=Business%20Outlook) The Group is confident in future sales recovery post-pandemic, focusing on revitalizing sales, developing new businesses, and strengthening its talent and member base - The Group is confident about future sales recovery, relying on its experienced sales team, diversified advertising services, consolidated member base, and strong client relationships[17](index=17&type=chunk) - Future strategies include recruiting more business development talent, strengthening member base categorization (e.g., age, interests), and leveraging first-mover advantage to consolidate industry leadership[17](index=17&type=chunk) [Use of Proceeds](index=8&type=section&id=Use%20of%20Proceeds) All net proceeds of approximately HKD 26.7 million from the 2018 listing have been fully utilized, with a reallocation of funds towards IT system upgrades - Net proceeds from listing were approximately **HKD 26.7 million**, originally planned for brand building, IT upgrades, talent enhancement, selective acquisitions, and working capital[19](index=19&type=chunk) - In October 2020, the company resolved to reallocate a total of **HKD 2.5 million** originally designated for acquisitions and brand building to IT system upgrades[21](index=21&type=chunk) Use of Net Proceeds (As of September 30, 2021) | Purpose | Reallocated (HKD '000) | Total Actual Utilized (HKD '000) | Balance (HKD '000) | | :--- | :--- | :--- | :--- | | Brand building, client base & member network development | 4,819 | 4,819 | – | | IT system upgrades | 7,276 | 7,276 | – | | Talent pool & workforce enhancement & work environment improvement | 6,857 | 6,857 | – | | Growth through selective acquisitions | 5,060 | 5,060 | – | | General working capital | 2,668 | 2,668 | – | | **Total** | **26,680** | **26,680** | **–** | [Dividends](index=9&type=section&id=Dividends) The Board does not recommend the payment of any interim dividend for the six months ended September 30, 2021 - The Board does not recommend the payment of an interim dividend for the relevant period[24](index=24&type=chunk) [Financial Review](index=10&type=section&id=Financial%20Review) The Group's financial performance was weak, with revenue decreasing by 24.9% and gross profit by 49.5%, leading to an expanded net loss of HKD 5.32 million Changes in Income Statement Items | Item | Relevant Period (HKD '000) | Previous Period (HKD '000) | Reason for Change | | :--- | :--- | :--- | :--- | | Revenue | 8,418 | 11,216 | Primarily due to reduced sales in Taiwan | | Gross Profit | 2,852 | 5,649 | Revenue decline led to 49.5% decrease in gross profit | | Selling and Distribution Costs | 3,377 | 3,895 | Decrease in promotional expenses | | Administrative and Other Operating Expenses | 5,708 | 6,181 | Decrease in professional fees | | Net Loss | 5,324 | 3,604 | Revenue decrease is the main reason for increased net loss | [Liquidity and Financial Resources](index=11&type=section&id=Liquidity%20and%20Financial%20Resources) As of September 30, 2021, the Group maintained a healthy current ratio of 5.4 times with zero gearing, indicating strong liquidity and no significant currency risk Financial Position and Ratios (As of September 30, 2021) | Indicator | Amount/Ratio | Comparative Period (As of March 31, 2021) | | :--- | :--- | :--- | | Total Assets | 49,777,000 HKD | 56,243,000 HKD | | Total Liabilities | 8,467,000 HKD | 9,400,000 HKD | | Shareholders' Equity | 41,310,000 HKD | 46,843,000 HKD | | Current Ratio | 5.4 times | 5.5 times | | Gearing Ratio | Zero | Zero | - The Group did not face any significant currency risk during the relevant period[38](index=38&type=chunk) [Significant Investments Held](index=12&type=section&id=Significant%20Investments%20Held) The Group holds two significant investments classified as financial assets at fair value through profit or loss: an equity investment in Asia Interactive Media and a wealth management product from UBS Details of Significant Investments (As of September 30, 2021) | Investment Name | Investment Cost (HKD '000) | Fair Value (HKD '000) | % of Total Assets | | :--- | :--- | :--- | :--- | | Asia Interactive Media Holdings Limited (unlisted shares) | 5,000 | 1,885 | 3.8% | | UBS Wealth Management Product | 15,503 | 18,230 | 36.6% | - The investment in Asia Interactive Media aims to expand social media coverage and enter the Chinese market; the wealth management product subscribed from UBS invests in liquid assets, bonds, and equity instruments[44](index=44&type=chunk) [Employees and Remuneration Policy](index=13&type=section&id=Employees%20and%20Remuneration%20Policy) The Group employed 36 staff as of September 30, 2021, with staff costs of approximately HKD 5.86 million, reflecting a competitive remuneration policy - As of September 30, 2021, the Group had a total of **36 employees** (2020: 37 employees)[45](index=45&type=chunk) - Staff costs (including directors' emoluments) for the relevant period were approximately **HKD 5,861,000**, an increase from **HKD 5,625,000** in the same period last year[45](index=45&type=chunk) [Other Information](index=14&type=section&id=Other%20Information) This section details directors' and major shareholders' interests, corporate governance practices, and the audit committee's review [Directors' and Chief Executives' Interests](index=14&type=section&id=Directors%27%20and%20Chief%20Executives%27%20Interests) The three executive directors collectively hold 50.14% of the company's shares through Source Think Investment Limited, making them controlling shareholders, alongside a 7.00% stake held by Mr. Wang Zenglin - Executive Directors Ms. Zhang Li, Mr. Luo Jiajian, and Mr. Li Yongliang, each holding **33.33%** equity in Source Think Investment Limited, are deemed to jointly hold **100,280,000 shares** of the Company, representing **50.14%** of the issued share capital[49](index=49&type=chunk)[50](index=50&type=chunk) - Major shareholder Mr. Wang Zenglin beneficially holds **14,000,000 shares**, representing **7.00%** of the issued share capital[51](index=51&type=chunk) [Corporate Governance](index=16&type=section&id=Corporate%20Governance) The company largely complied with the Corporate Governance Code, with a noted deviation where Chairman and CEO duties are jointly performed by three executive directors to ensure effective decision-making - The company deviated from the Corporate Governance Code provision (A.2.1) regarding the separation of duties for Chairman and Chief Executive Officer[55](index=55&type=chunk) - The responsibilities of the Chairman and Chief Executive Officer are jointly performed by the three Executive Directors (Ms. Zhang Li, Mr. Luo Jiajian, and Mr. Li Yongliang), an arrangement the Board believes ensures effective business planning and decision-making due to their founding roles and deep business understanding[55](index=55&type=chunk) [Audit Committee](index=18&type=section&id=Audit%20Committee) The Audit Committee, composed of three independent non-executive directors, has reviewed the unaudited condensed consolidated financial statements and confirmed their compliance and adequate disclosure - The Audit Committee comprises three independent non-executive directors: Mr. Ho Ho Tung (Chairman), Mr. Fan Tak Wai, and Mr. Kwan Chi Hong[62](index=62&type=chunk) - The Audit Committee has reviewed the Group's unaudited condensed consolidated financial statements for the relevant period and believes they comply with applicable accounting standards, GEM Listing Rules, and statutory requirements, and are adequately disclosed[62](index=62&type=chunk) [Condensed Consolidated Financial Statements](index=19&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents the Group's unaudited condensed consolidated financial statements, including the statement of profit or loss, financial position, cash flows, and accompanying notes [Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=19&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended September 30, 2021, the Group reported revenue of HKD 8.418 million, a gross profit of HKD 2.852 million, and an expanded loss for the period of HKD 5.324 million Summary of Consolidated Statement of Profit or Loss (For the Six Months Ended September 30, 2021) | Item | Amount (HKD '000) | | :--- | :--- | | Revenue | 8,418 | | Gross Profit | 2,852 | | Operating Loss | (5,280) | | Loss for the Period | (5,324) | | Total Comprehensive Income for the Period | (5,533) | | Basic Loss Per Share | 0.03 HKD | [Unaudited Condensed Consolidated Statement of Financial Position](index=20&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of September 30, 2021, the Group's total assets were HKD 49.777 million, with total liabilities of HKD 8.467 million, resulting in total equity of HKD 41.310 million Summary of Consolidated Statement of Financial Position (As of September 30, 2021) | Item | Amount (HKD '000) | | :--- | :--- | | **Assets** | | | Non-current assets | 3,958 | | Current assets | 45,819 | | **Total Assets** | **49,777** | | **Liabilities and Equity** | | | Current liabilities | 8,467 | | **Total Liabilities** | **8,467** | | **Total Equity** | **41,310** | [Unaudited Condensed Consolidated Statement of Cash Flows](index=22&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) For the six months ended September 30, 2021, the Group's net cash used in operating activities was HKD 7.295 million, leading to a net decrease in cash and cash equivalents of HKD 7.300 million Summary of Consolidated Statement of Cash Flows (For the Six Months Ended September 30, 2021) | Item | Amount (HKD '000) | | :--- | :--- | | Net cash used in operating activities | (7,295) | | Net cash used in investing activities | (1) | | Net cash used in financing activities | (4) | | Decrease in cash and cash equivalents | (7,300) | | Cash and cash equivalents at end of period | 18,379 | [Notes to the Unaudited Condensed Consolidated Financial Statements](index=23&type=section&id=Notes%20to%20the%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) These notes detail the financial statements' basis of preparation, revenue recognition, segment information, and item composition, highlighting the Group's single business segment and trade receivable terms - The Group has only one reportable segment, which is the provision of online advertising services[73](index=73&type=chunk) Revenue from External Customers by Geographical Area (For the Six Months Ended September 30) | Region | 2021 (HKD '000) | 2020 (HKD '000) | | :--- | :--- | :--- | | Hong Kong | 6,544 | 7,019 | | Taiwan | 1,103 | 3,004 | | Southeast Asia | 771 | 1,193 | | **Total** | **8,418** | **11,216** | - The credit period for trade receivables is generally **60 to 130 days** from the invoice date, with approximately **74%** of total receivables aged within 90 days at the end of the reporting period[85](index=85&type=chunk)

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上市的公司帶有較高 投資風險。有意投資的人士應了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的內容概不負責，對其準確性或完整性亦不發表任何聲明， 並明確表示概不就因本報告全部或任何部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。 本報告包括的資料乃遵照聯交所的GEM證券上市規則（「GEM上市規則」）的規定而提供有關源想集團有限 公司（「本公司」）及其附屬公司（統稱「本集團」）的資料。本公司董事（「董事」）願就本報告共同及個別承擔 全部責任。董事在作出一切合理查詢後確認，就彼等所知及所信，本報告所載資料在各重大方面均屬準確 完整，且無誤導或欺騙成份，及本報告並無遺漏其他事項，致使本報告或當中所載任何陳述產生誤導。 1 源想集團有限公司 • 2021年第一季 ...