Financial Performance - For the six months ended June 30, 2022, the group managed and coordinated a total of 47 exhibition and event projects, generating revenue of approximately RMB 54.90 million, a decrease of RMB 6.07 million or about 9.96% year-on-year [9]. - The group recorded a gross profit of approximately RMB 0.23 million, a decrease of about RMB 7.62 million year-on-year, primarily due to the adverse impact of COVID-19 outbreaks on the exhibition and event management services industry in the second quarter of 2022 [9]. - The net loss attributable to the owners of the company for the period was approximately RMB 8.15 million, and the board of directors did not recommend the distribution of dividends for this period [9]. - Total revenue decreased by approximately 9.96% to about RMB 54.90 million compared to RMB 60.97 million in the same period last year [16]. - The gross profit for the same period was RMB 235,000, significantly down from RMB 7,857,000 in 2021, indicating a decline in profitability [125]. - The operating loss for the six months ended June 30, 2022, was RMB 7,786,000, compared to an operating profit of RMB 367,000 in the previous year [125]. - The net loss for the period was RMB 8,146,000, compared to a profit of RMB 154,000 in the same period last year [125]. - The income tax expense for the six months ended June 30, 2022, was RMB 8,000, compared to RMB 44,000 for the same period in 2021, showing a reduction of 81.8% [158]. - The average number of ordinary shares in issue was 120,000,000 for both periods, with a basic loss per share of RMB (6.79) for the six months ended June 30, 2022, compared to a profit of RMB 0.13 for the same period in 2021 [162]. Revenue Breakdown - Revenue from automotive-related exhibitions and activities decreased by approximately 8.76% to about RMB 24.99 million, accounting for 45.53% of total revenue [20]. - Revenue from advertising services increased by approximately 141.83% to about RMB 26.41 million, representing 48.10% of total revenue [20]. - Revenue from exhibition hall services decreased by approximately 76.86% to about RMB 3.50 million, accounting for 6.37% of total revenue [20]. - Revenue from automotive-related exhibition and event services was RMB 24,996,000, a decrease of 8.1% from RMB 27,396,000 in the same period last year [154]. - Revenue from advertising-related services increased significantly to RMB 26,408,000, up 142.5% from RMB 10,920,000 in the previous year [154]. - The total revenue for the six months ended June 30, 2022, was RMB 54,900,000, down 10% from RMB 60,970,000 in the same period of 2021 [154]. Economic Context - The GDP of China for the first half of 2022 was RMB 56,264.2 billion, with a year-on-year growth of 2.5% [8]. - In the second quarter of 2022, the GDP was RMB 29,246.4 billion, showing a year-on-year growth of 0.4% [8]. - The value added of the service industry increased by 1.8% year-on-year in the first half of 2022, while it decreased by 0.4% in the second quarter [8]. - The economic outlook for the second half of 2022 is expected to improve as the foundation for domestic economic recovery strengthens [14]. - The Chinese government has implemented a series of economic stabilization policies, leading to a positive growth in the economy during the second quarter of 2022 [86]. Operational Insights - The group has established a solid customer base and a good reputation in the industry, providing comprehensive exhibition and event management services to well-known automotive brands since 2009 [7]. - The group operates in over 50 cities across China, focusing on the design, planning, coordination, and management of exhibitions and events [7]. - The company is positioned as a comprehensive exhibition and event management service provider in China, facing challenges from the complex international environment and sporadic COVID-19 outbreaks domestically [8]. - The management team is committed to maintaining service quality and strengthening strategic partnerships with international automotive companies [15]. - The group aims to enhance the management of exhibitions and events, improve customer service and experience, and seek transformative changes to create sustainable returns for shareholders [86]. Cash Flow and Liquidity - The net cash used in operating activities was approximately RMB (9.73) million, compared to RMB (5.94) million for the six months ended June 30, 2021 [49]. - Cash and cash equivalents decreased by RMB 702,000 during the period, ending at RMB 5,788,000 compared to RMB 8,913,000 at the end of the same period last year [135]. - The company continues to monitor its liquidity and cash flow needs to ensure sufficient cash for operational requirements [152]. - The company reported a cash outflow from investment activities of RMB 255,000 in the previous year, which improved to a cash inflow of RMB 6,000 in the current period [135]. - The company’s cash flow from operating activities has shown a significant increase in outflow, indicating potential challenges in operational efficiency [135]. Shareholder Information - The company did not recommend any interim dividend for the period, consistent with the previous year [55]. - The company did not declare or pay any dividends for the periods ended June 30, 2021, and June 30, 2022 [173]. - As of June 30, 2022, Mr. Huang holds 63,645,000 shares, representing 53.04% of the company's equity, through A&B Development Holding Limited [98]. - Mr. Ma and Mr. Yan each hold 1,000,000 shares, representing 0.83% of the company's equity, under the stock option plan [99]. - A&B Development Holding Limited, fully owned by Mr. Huang, is the beneficial owner of 63,645,000 shares, equating to 53.04% of the equity [103]. - Ms. Lin, as Mr. Huang's spouse, is also considered to have an interest in the 63,645,000 shares held by A&B Development Holding Limited [104]. Governance and Compliance - The board of directors confirmed that the report's information is accurate and complete, with no misleading or fraudulent elements [3]. - The company proposed amendments to its Articles of Association to enhance corporate governance and comply with shareholder protection standards, which were approved at the annual general meeting on May 11, 2022 [92]. - The board has adopted trading standards for directors in compliance with GEM Listing Rules, ensuring adherence to regulations throughout the period [121]. - The company has complied with all applicable social security and housing fund contribution requirements under Chinese laws and regulations [79]. - No related party transactions or ongoing related party transactions were conducted during the period, adhering to GEM listing rules [94]. Risks and Challenges - The company faces significant risks including low entry barriers in the exhibition services industry and reliance on the automotive sector [61][62]. - Future expansion strategies may face resource allocation pressures and potential cost increases due to market conditions [72]. - The group has no significant foreign exchange risk as its main business transactions are conducted in RMB [80]. - The company has not reported any significant changes in risk management policies since the last fiscal year [151].

Dividends - The board of directors does not recommend the payment of any dividends for the period, consistent with the previous year where no dividends were paid[2] Company Information - The announcement aims to provide information about Dowway Holdings Limited in accordance with the GEM listing rules[3] - The company confirms that all information in the announcement is accurate and complete, with no misleading or fraudulent elements[3]

Financial Performance - For the first quarter of 2022, Dowway Holdings Limited reported a revenue growth driven by its comprehensive exhibition and event management services across over 50 cities in China[7]. - The company managed a total of 30 exhibitions and events, generating revenue of approximately RMB 10.06 million, a decrease of RMB 12.02 million or about 54.42% year-on-year[20]. - Total revenue decreased from approximately RMB 22.08 million for the three months ended March 31, 2021, to about RMB 10.06 million for the current period, a year-on-year decrease of approximately 54.42%[22]. - Revenue from automotive-related exhibition and event services decreased from approximately RMB 7.07 million to about RMB 3.39 million, a year-on-year decrease of approximately 52.06%[23]. - Revenue from advertising-related services was approximately RMB 6.68 million, accounting for 66.3% of total revenue for the period[25]. - The company reported a net loss attributable to shareholders of approximately RMB 3.62 million for the period, with no dividend recommended by the board[20]. - The net loss for Q1 2022 was RMB 3,617,000, compared to a net loss of RMB 2,828,000 in Q1 2021, reflecting a 27.9% increase in losses[93]. - Basic loss per share for Q1 2022 was RMB 3.62, compared to RMB 2.83 in Q1 2021[93]. - The group recorded a loss before tax of approximately RMB 3.61 million, an increase of approximately RMB 0.79 million compared to a loss of RMB 2.82 million in the same period last year[33]. Economic Context - In the first quarter of 2022, China's GDP reached RMB 27,017.8 billion, reflecting a year-on-year growth of 4.8%[9]. - The service sector's production index increased by 2.5% year-on-year in the first quarter, indicating a continued recovery despite challenges[9]. - The company anticipates that the Chinese economy may achieve a growth target of approximately 5.5% for the year, supported by stronger macroeconomic policies in the second quarter[9]. - The overall economic environment remains stable, with the service industry contributing significantly to GDP growth, accounting for 53.3% of the total[8]. - The Chinese economy showed resilience with a GDP growth of 4.8% year-on-year in the first quarter of 2022, despite complex external conditions and recurring COVID-19 cases[16]. Company Strategy and Operations - The company is focused on expanding its market presence and enhancing its service offerings in response to the recovering exhibition and event management industry[7]. - Dowway Holdings Limited continues to adapt its strategies to leverage the recovery trends in the service sector and the exhibition industry[9]. - The company aims to continue focusing on customer needs and expand its advertising and other exhibition promotion businesses to enhance its market position[20]. - The group plans to enhance online exhibition capabilities and reduce costs associated with multimedia equipment rentals from third-party suppliers[67]. - The group aims to improve overall management and coordination of exhibitions and events to enhance customer service and experience[67]. - The company plans to leverage the government's macroeconomic support policies to stabilize and grow its business in the exhibition and related services sector[20]. - The group will continue to monitor industry trends closely and adapt its strategies to capture market opportunities and maintain its leading position in the industry[20]. Financial Position and Cash Flow - Cash and cash equivalents at the end of the period were approximately RMB 9.38 million, an increase from RMB 7.47 million in the same period last year[39]. - The group’s total borrowings remained unchanged at RMB 9.00 million compared to the same period last year[41]. - The debt-to-equity ratio as of March 31, 2022, was 19.42%, compared to 18.01% as of December 31, 2021[43]. - The group employed a total of 54 employees as of March 31, 2022, with an employee cost of approximately RMB 2.23 million for the period[61]. - The group has no significant contingent liabilities as of March 31, 2022, consistent with the previous year[60]. - The group generated a net cash inflow from operating activities of RMB 2,863,000 in Q1 2022, compared to an outflow of RMB 7,574,000 in Q1 2021[103]. - The group’s financial department monitors cash flow forecasts to ensure sufficient cash for operational needs[121]. Market and Industry Trends - The exhibition industry in China saw a significant recovery, with 2,949 trade exhibitions held in 2021, a year-on-year increase of 48.6%[16]. - The group anticipates a gradual recovery in the exhibition and event services industry, supported by government macroeconomic policies[67]. - The group is exposed to credit risk primarily from trade receivables, with over 70% of these receivables coming from major automotive clients[63]. - The group has no significant foreign exchange risk as its main business transactions are conducted in RMB[62]. Shareholder Information - The company completed a placement agreement on March 24, 2022, to issue up to 20,000,000 shares at a price of HKD 0.55 per share, representing approximately 16.67% of the issued share capital post-placement[75]. - The net proceeds from the placement amounted to approximately HKD 10,559,000, with 50% allocated to enhance advertising-related services, 30% for showroom-related services, and 20% for general working capital[77]. - As of March 31, 2022, Mr. Huang Xiaodi holds 63,645,000 shares, representing 63.65% of the company's equity, through A&B Development Holding Limited[83]. - The company has a stock option plan adopted on May 16, 2018, with 6,150,000 options remaining unexercised as of March 31, 2022[87]. - The company confirmed compliance with the trading standards set forth in the GEM Listing Rules during the reporting period[88].

Financial Performance - Total revenue for the year 2021 was RMB 170,016,000, representing a 17.9% increase from RMB 144,166,000 in 2020[7] - Gross profit for 2021 was RMB 14,311,000, with a gross margin of 8.4% compared to 0.4% in 2020[7] - The net loss for the year 2021 was RMB 7,651,000, an improvement from a loss of RMB 17,834,000 in 2020[7] - Operating profit for 2021 was RMB 6,814,000, compared to an operating loss of RMB 16,232,000 in 2020[7] - The group reported a net loss attributable to shareholders of RMB 7.28 million for the year[16] - The total loss for the year was approximately RMB 7.65 million, down from RMB 17.83 million in 2020, representing a reduction of about RMB 10.18 million[42] Assets and Liabilities - The total assets increased to RMB 148,860,000 in 2021, up from RMB 125,735,000 in 2020, reflecting a growth of 18.4%[9] - The total liabilities for 2021 were RMB 98,898,000, which is an increase of 42.9% from RMB 69,316,000 in 2020[9] - Current assets totaled RMB 137,204,000 in 2021, a slight increase from RMB 121,409,000 in 2020[9] - Non-current assets rose significantly to RMB 11,656,000 in 2021, compared to RMB 4,326,000 in 2020, marking an increase of 169.5%[9] Revenue Breakdown - Revenue from non-automotive related exhibitions and activities surged by 304.54% to approximately RMB 26.56 million, accounting for 15.62% of total revenue[30] - Revenue from exhibition hall services increased by 132.70% to approximately RMB 20.45 million, representing 12.03% of total revenue[30] - Revenue from advertising services rose by 30.87% to approximately RMB 38.28 million, making up 22.52% of total revenue[30] - The company's revenue increased by approximately 17.93% to about RMB 170.02 million, driven by the recovery of the exhibition industry supported by China's economic growth[25] Economic Context - In 2021, China's GDP grew by 8.1%, exceeding the government's target of over 6%[14] - The service sector's value added increased by 8.2% to approximately RMB 61 trillion, contributing 54.9% to economic growth[14] - The number of trade exhibitions held in China reached 2,949, a year-on-year increase of 48.6%[20] - The total exhibition area in 2021 was 92.99 million square meters, an increase of 27.2% compared to the previous year[20] - Retail sales in China grew by 12.5%, with automotive retail sales exceeding RMB 4 trillion, reaching RMB 4.4 trillion, a year-on-year increase of 7.6%[20] Strategic Focus and Future Plans - The company plans to focus on market expansion and new product development in the upcoming year[11] - The group aims to maintain strict service standards and expand its service portfolio to mitigate risks and enhance strategic positioning[17] - The group will continue to leverage its strong internal team to capitalize on market opportunities and strengthen its core business in exhibition and event management[17] - The group is actively seeking to overcome challenges posed by uncontrollable events and is looking to seize new business transformation opportunities[83] Cost Management - Service costs rose by approximately 8.48% to about RMB 155.71 million, primarily due to the recovery of the exhibition industry post-COVID-19[32] - Selling expenses increased by approximately 54.15% to about RMB 6.58 million, reflecting higher employee and travel costs[34] - Administrative expenses decreased by approximately 1.80% to about RMB 12.01 million, indicating cost control measures[35] Corporate Governance - The company has established a remuneration committee to review the compensation of directors and the five highest-paid individuals for the year ended December 31, 2021[137] - The company has complied with all applicable provisions of the Corporate Governance Code as of December 31, 2021, except for a specific deviation regarding the roles of chairman and CEO[152] - The audit committee was established on May 16, 2018, and is responsible for reviewing financial statements and monitoring internal control procedures[193] - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[197] Employee Relations - The group has maintained good relationships with employees, with no significant labor disputes reported during the year[73] - The group employed 50 staff members, including 6 management personnel, with total employee costs amounting to RMB 9.98 million for the year, an increase from RMB 9.22 million in the previous year[73] Risk Management - The group faces risks related to supplier performance and cost increases due to rising labor and material costs in the exhibition and event services sector[67] - The group effectively manages credit risk by maintaining communication with major clients and assessing their financial conditions before extending credit[78] - The group regularly monitors cash reserves to meet both short-term and long-term liquidity needs, ensuring sufficient cash for operational demands[80]

DOWWAY HOLDINGS LIMITED 天平道合控股有限公司 （於開曼群島註冊成立之有限公司） 股份代號 : 8403 第三季度 報告 2O21 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的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確 表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 1 香港聯合交易所有限公司（「聯交所」）GEM的特色 本報告乃根據聯交所GEM證券上市規則（「GEM上市規則」）提供有關天平道合控股有限公司（「本公司」）的資料。 本公司各董事（「董事」）願對本報告共同及個別承擔全部責任。各董事在作出一切合理查詢後確認，就彼等所深知 及確信，本報告所載資料在各重大方面均屬準確完整，並無誤導或 ...

DOWWAY HOLDINGS LIMITED 天平道合控股有限公司 （於開曼群島註冊成立之有限公司） 股份代號 : 8403 中期報告 2O21 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·此等公司相比超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的內容概不負責,對其準確性或完整性亦不發表任何聲明,並明確 表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本報告乃根據聯交所GEM證券上市規則(｢GEM上市規則｣)提供有關天平道合控股有限公司(｢本公司｣)的資料。 本公司各董事(Γ董事 J)願對本報告共同及個別承擔全部責任。各董事在作出一切合理查詢後確認・就彼等所深知 及確信,本報告所載資料在各重大方面均屬準確完整,並無 ...

DOWWAY HOLDINGS LIMITED 天平道合控股有限公司 （於開曼群島註冊成立之有限公司） 股份代號 : 8403 第一季度 報告 2O21 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,此等公司相比超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的內容概不負責,對其準確性或完整性亦不發表任何聲明,並明確 表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本報告乃根據聯交所GEM證券上市規則(「GEM上市規則」)提供有關天平道合控股有限公司(「本公司」) 的資料。 本公司各董事(Γ董事 J)願對本報告共同及個別承擔全部責任。各董事在作出一切合理查詢後確認・就彼等所深知 及確信,本報告所載資料在各重大方面均屬準確完 ...

DOWWAY HOLDINGS LIMITED 天平道合控股有限公司 ANNUAL REPORT 年度報告 2020 DOWWAY HOLDINGS LIMITED 天平道合控股有限公司 （於開曼群島註冊成立之有限公司） 股份代號 : 8403 年度 報告 2O20 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的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表 示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 1 香港聯合交易所有限公司（「聯交所」）GEM的特色 本報告乃根據聯交所GEM證券上市規則（「GEM上市規則」）提供有關天平道合控股有限公司（「本公司」）的資料。本 公司各董事（「董事」）願對本報告共同及個別承擔 ...

DOWWAY HOLDINGS LIMITED 天平道合控股有限公司 （於開曼群島註冊成立之有限公司） 股份代號 : 8403 第三季度 報告 2O20 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，此等公司相比超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的內容概不負責,對其準確性或完整性亦不發表任何聲明,並明確 表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本報告乃根據聯交所GEM證券上市規則(「GEM上市規則」)提供有關天平道合控股有限公司(「本公司」) 的資料。 本公司各董事(Γ董事 J)願對本報告共同及個別承擔全部責任。各董事在作出一切合理查詢後確認・就彼等所深知 及確信,本報告所載資料在各重大方面均屬準確完整 ...

DOWWAY HOLDINGS LIMITED 天平道合控股有限公司 （於開曼群島註冊成立之有限公司） 股份代號: 8403 中期報告 2O20 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的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確 表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 1 香港聯合交易所有限公司（「聯交所」）GEM的特色 本報告乃根據聯交所GEM證券上市規則（「GEM上市規則」）提供有關天平道合控股有限公司（「本公司」）的資料。 本公司各董事（「董事」）願對本報告共同及個別承擔全部責任。各董事在作出一切合理查詢後確認，就彼等所深知 及確信，本報告所載資料在各重大方面均屬準確完整，並無誤導或欺詐成分 ...